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INTANGIBLE ASSETS (Tables)
 12 Months Ended
Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The Company’s Intangible assets, net consisted of the following (in millions):
                                                         
 
 
  
February 29,
2020
   
February 23,
2019
 
 
Estimated
useful lives
(Years)
 
  
Gross
carrying
amount
 
  
Accumulated
amortization
 
  
Net
 
  
Gross
carrying
amount
 
  
Accumulated
amortization
 
  
Net
 
Trade names
   
40
    $
1,912.1
     $
(264.6
 )   $
1,647.5
     $
1,959.1
     $
(231.7
 )   $
1,727.4
  
Beneficial lease rights (1)
   
12
     
—  
      
—  
      
—  
      
892.0
      
(410.6
 )    
481.4
  
Customer prescription files
   
5
     
1,472.1
      
(1,440.9
 )    
31.2
      
1,483.4
      
(1,276.1
 )    
207.3
  
Internally developed software
   
3
     
780.0
      
(465.2
 )    
314.8
      
672.4
      
(348.1
 )    
324.3
  
Other intangible assets (2)
   
3 to 6
     
51.7
      
(44.1
 )    
7.6
      
22.4
      
(14.4
 )    
8.0
  
                                                         
Total finite-lived intangible assets
   
     
4,215.9
      
(2,214.8
 )    
2,001.1
      
5,029.3
      
(2,280.9
 )    
2,748.4
  
Liquor licenses and restricted covenants
   
Indefinite
     
86.1
      
—  
      
86.1
      
86.1
      
—  
      
86.1
  
                                                         
Total intangible assets, net
   
    $
4,302.0
     $
(2,214.8
 )   $
2,087.2
     $
5,115.4
     $
(2,280.9
 )   $
2,834.5
  
                                                         
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Upon adoption of ASU
2016-02—“Leases
(Topic 842)”, beneficial lease rights were reclassified and included in operating lease
right-of-use
assets. See Note 1—Description of business, basis of presentation and summary of significant accounting policies for additional information.
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Future Amortization Expense of Finite-Lived Intangible Assets Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):
         
Fiscal Year
 
Amortization
Expected
 
2020
  $
159.4
  
2021
   
137.8
  
2022
   
120.0
  
2023
   
85.8
  
2024
   
59.7
  
Thereafter
   
1,438.4
  
         
Total
  $
2,001.1