SEGMENT INFORMATION (Tables)

12 Months Ended

Feb. 22, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents segment information for Net sales and other revenue, significant segment expenses and Retail segment EBITDA (in millions):

	Fiscal  2024		Fiscal  2023		Fiscal  2022
Retail segment sales	$	79,633.2	$	78,494.4	$	76,773.7
Other revenue (1)	757.7		743.3		876.0
Net sales and other revenue	$	80,390.9	$	79,237.7	$	77,649.7
Retail segment expenses:
Merchandise costs, including advertising, distribution and freight	56,674.1		55,807.2		54,250.1
Employee costs (2)	11,734.9		11,411.5		11,222.0
Other segment expenses (3)	6,668.5		6,482.8		6,168.9
Retail segment EBITDA	$	4,555.7	$	4,792.9	$	5,132.7
Reconciliation to Income before income taxes:
Corporate adjusted EBITDA (4)	(551.0)		(475.2)		(455.7)
Depreciation and amortization	(1,817.9)		(1,779.0)		(1,807.1)
Interest expense, net	(459.8)		(492.1)		(404.6)
(Loss) gain on interest rate swaps and energy hedges, net	(0.9)		3.2		8.4
Business transformation (5)	(105.2)		(45.1)		(78.3)
Equity-based compensation expense	(106.2)		(104.5)		(138.3)
(Loss) gain on property dispositions and impairment losses, net	(95.8)		(43.9)		147.5
LIFO expense	(28.6)		(52.0)		(268.0)
Government-mandated incremental COVID-19 pandemic related pay (6)	—		—		(10.8)
Merger-related costs (7)	(254.8)		(180.6)		(56.5)
Certain legal and regulatory accruals and settlements, net	(6.1)		6.7		(100.7)
Combined Plan (8)	—		—		19.0
Miscellaneous adjustments (9)	0.3		(41.4)		(52.1)
Income before income taxes	$	1,129.7	$	1,589.0	$	1,935.5

(1)    Primarily includes wholesale sales to third parties and other miscellaneous revenue not included in Retail segment sales.

(2)    Includes wages, salaries, benefits, insurance and other employee-related costs.

(3)    Other segment expenses primarily includes rent and occupancy costs, debit and credit card fees, supplies, divisional support costs and allocated corporate costs.

(4) Corporate adjusted EBITDA includes bonus compensation, unallocated corporate costs and contribution from the Company's wholesale and other sales.

(5) Includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and employee termination costs related to the Company's reduction in workforce during the fourth quarter of fiscal 2024.

(6) Represents incremental COVID-19 related pay legislatively required in certain municipalities in which the Company operates.

(7) Primarily relates to third-party legal and advisor fees and retention program expense related to the Merger and costs in connection with the Company's previously-announced Board-led review of potential strategic alternatives.

(8) Related to the Combined Plan during the second quarter of fiscal 2022. For additional information, see Note 11 - Employee benefit plans and collective bargaining agreements.

(9) Primarily includes net realized and unrealized gains and losses related to non-operating investments, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, pension settlement loss, adjustments for unconsolidated equity investments and other costs not allocated to the segment.