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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 Indefinite-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