Debt (Tables)

6 Months Ended

Aug. 31, 2020

Debt Disclosure [Abstract]

Schedule Of Debt

Debt

(In thousands)		As of August 31		As of February 29
Debt Description (1)	Maturity Date	2020		2020
Revolving credit facility (2) (3)	June 2024	$	575,838	$	452,740
Term loan	June 2024	300,000		300,000
3.86% Senior notes	April 2023	100,000		100,000
4.17% Senior notes	April 2026	200,000		200,000
4.27% Senior notes	April 2028	200,000		200,000
Financing obligations	Various dates through February 2059	533,165		536,739
Non-recourse notes payable	Various dates through May 2027	13,382,375		13,613,272
Total debt		15,291,378		15,402,751
Less: current portion		(468,692)		(433,456)
Less: unamortized debt issuance costs		(24,918)		(25,240)
Long-term debt, net		$	14,797,768	$	14,944,055

 ⁽¹⁾    Interest is payable monthly, with the exception of our senior notes, which are payable semi-annually.

 ⁽²⁾    Borrowings accrue interest at variable rates based on the Eurodollar rate (LIBOR), the federal funds rate, or the prime rate, depending on the type of borrowing.

⁽³⁾    On September 16, 2020, we fully paid down the outstanding borrowings under this facility with cash on hand.

Schedule of Funding Vehicles [Table Text Block]

(In billions)	Capacity
Warehouse facilities:
September 2020 expiration (1)	$	0.15
February 2021 expiration	1.95
August 2021 expiration	1.40
Combined warehouse facility limit	$	3.50
Unused capacity	$	1.25
Non-recourse notes payable outstanding:
Warehouse facilities	$	2.25
Asset-backed term funding transactions	11.13
Non-recourse notes payable	$	13.38

 ⁽¹⁾    In September 2020, the expiration date was extended to September 2021 and the capacity was increased to $175 million.