XML 83 R42.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Tables)
12 Months Ended
Feb. 28, 2023
Debt Instrument [Line Items]  
Schedule of Debt [Table Text Block]
(In thousands)As of February 28
Debt Description (1)
Maturity Date20232022
Revolving credit facility (2)
June 2024$ $1,243,500 
Term loan (2)
June 2024300,000 300,000 
Term loan (2)
October 2026699,493 699,352 
3.86% Senior notesApril 2023100,000 100,000 
4.17% Senior notes April 2026200,000 200,000 
4.27% Senior notesApril 2028200,000 200,000 
Financing obligationsVarious dates through February 2059522,526 524,766 
Non-recourse notes payableVarious dates through November 202916,360,092 15,466,799 
Total debt18,382,111 18,734,417 
Less: current portion(579,468)(532,272)
Less: unamortized debt issuance costs(27,506)(27,126)
Long-term debt, net $17,775,137 $18,175,019 

 (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), or the successor benchmark rate, the federal funds rate, or the prime rate, depending on the type of borrowing.
Schedule of Maturities of Long-term Debt [Table Text Block]
(In thousands)As of February 28, 2023
Fiscal 2024$54,317 
Fiscal 202556,214 
Fiscal 202659,411 
Fiscal 202750,059 
Fiscal 202849,652 
Thereafter758,379 
Total payments1,028,032 
Less: interest(505,506)
Present value of financing obligations$522,526 
Schedule of Funding Vehicles [Table Text Block]
(In billions)Capacity
Warehouse facilities:
August 2023 expiration$2.30 
December 2023 expiration0.50 
February 2024 expiration2.80 
Combined warehouse facility limit$5.60 
Unused capacity$1.95 
Non-recourse notes payable outstanding:
Warehouse facilities$3.65 
Asset-backed term funding transactions12.71 
Non-recourse notes payable$16.36