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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Feb. 26, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company's long-term debt as of February 26, 2022 and February 27, 2021, net of debt discounts of $41.4 million and $44.8 million, respectively, and deferred financing costs of $57.5 million and $69.8 million, respectively, consisted of the following (in millions):
February 26,
2022
February 27,
2021
Senior Unsecured Notes due 2023 to 2030, interest rate range of 3.25% to 7.50%
$6,492.5 $6,680.5 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
374.4 504.3 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
472.6 469.1 
Other financing obligations29.1 29.4 
Mortgage notes payable, secured17.1 17.6 
Finance lease obligations (see Note 8)579.4 612.7 
Total debt7,965.1 8,313.6 
Less current maturities(828.8)(212.4)
Long-term portion$7,136.3 $8,101.2 
Schedule of Future Maturities of Long-term Debt
As of February 26, 2022, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2022$750.8 
20230.9 
202416.9 
202514.1 
20262,760.1 
Thereafter3,941.8 
Total$7,484.6 
Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
Fiscal
 2021
Fiscal
 2020
Fiscal
 2019
ABL Facility, senior secured and unsecured notes, term loans and debentures
$400.0 $463.4 $565.3 
Finance lease obligations61.6 70.5 79.8 
Amortization of deferred financing costs (1)23.4 20.9 39.8 
Amortization of debt (premiums) discounts, net(0.2)(0.6)34.1 
Other interest income(2.9)(16.0)(21.0)
Interest expense, net$481.9 $538.2 $698.0 
(1) Fiscal 2021 amortization of deferred financing costs includes $3.5 million of deferred financing costs expensed in connection with the ABL amendment. Fiscal 2019 amortization of deferred financing costs included $20.6 million of deferred financing costs expensed in connection with the term loan amendment and repayments.