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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Feb. 29, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

The Company's long-term debt as of February 29, 2020 and February 23, 2019, net of debt discounts of $41.3 million and $197.0 million, respectively, and deferred financing costs of $72.9 million and $65.2 million, respectively, consisted of the following (in millions):
 
February 29,
2020
 
February 23,
2019
Senior Unsecured Notes due 2023, 2024, 2025, 2026, 2027, 2028 and 2030 interest rate of 3.50%, 6.625%, 5.750%, 7.5%, 4.625%, 5.875% and 4.875%, respectively
$
6,884.5

 
$
3,071.6

Albertsons Term Loans, interest range of 4.45% to 5.69%

 
4,610.7

Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45%
642.1

 
675.3

New Albertson's L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
466.0

 
1,322.3

Other notes payable, unsecured
37.2

 
125.4

Mortgage notes payable, secured
18.2

 
18.8

Finance lease obligations (see Note 8)
666.7

 
762.3

Total debt
8,714.7

 
10,586.4

Less current maturities
(221.4
)
 
(148.8
)
Long-term portion
$
8,493.3

 
$
10,437.6


Schedule of Future Maturities of Long-term Debt
As of February 29, 2020, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2020
$
138.0

2021
131.2

2022
751.1

2023
1.2

2024
1,267.2

Thereafter
5,873.5

Total
$
8,162.2


Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
 
Fiscal
2019
 
Fiscal
2018
 
Fiscal
2017
ABL Facility, senior secured and unsecured notes, term loans and debentures
$
565.3

 
$
698.3

 
$
701.5

Finance lease obligations
79.8

 
81.8

 
96.3

Deferred financing costs
39.8

 
42.7

 
56.1

Debt discounts
34.1

 
20.3

 
16.0

Other interest (income) expense
(21.0
)
 
(12.3
)
 
4.9

Interest expense, net
$
698.0

 
$
830.8

 
$
874.8