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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Feb. 25, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company's long-term debt and finance lease obligations as of February 25, 2023 and February 26, 2022, net of unamortized debt discounts of $37.5 million and $41.4 million, respectively, and deferred financing costs of $53.2 million and $57.5 million, respectively, consisted of the following (in millions):
February 25,
2023
February 26,
2022
Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%
$6,496.4 $6,492.5 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
374.9 374.4 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
476.2 472.6 
ABL Facility1,000.0 — 
Other financing obligations28.8 29.1 
Mortgage notes payable, secured16.7 17.1 
Finance lease obligations (see Note 8)517.1 579.4 
Total debt8,910.1 7,965.1 
Less current maturities(1,075.7)(828.8)
Long-term portion$7,834.4 $7,136.3 
Schedule of Future Maturities of Long-term Debt
As of February 25, 2023, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2023$1,000.9 
202416.9 
202514.1 
20262,760.1 
20271,656.6 
Thereafter3,035.1 
Total$8,483.7 
Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
Fiscal
 2022
Fiscal
 2021
Fiscal
 2020
ABL Facility, senior secured and unsecured notes, and debentures$404.9 $400.0 $463.4 
Finance lease obligations51.4 61.6 70.5 
Amortization of deferred financing costs16.9 23.4 20.9 
Amortization of debt (premiums) and discounts, net(0.1)(0.2)(0.6)
Other interest income(68.5)(2.9)(16.0)
Interest expense, net$404.6 $481.9 $538.2