Indebtedness and Credit Agreements (Tables)

12 Months Ended

Mar. 03, 2018

Summary of indebtedness and lease financing obligations

	2018			2017
Secured Debt:
Senior secured revolving credit facility due January 2020 ($0 and $2,430,000 face value less unamortized debt issuance costs of $13,076 and $24,918)	$	(13,076	)	$	2,405,082
Tranche 1 Term Loan (second lien) due August 2020 ($0 and $470,000 face value less unamortized debt issuance costs of $0 and $4,167)		—			465,833
Tranche 2 Term Loan (second lien) due June 2021 ($0 and $500,000 face value less unamortized debt issuance costs of $0 and $2,431)		—			497,569
Other secured		90			90

		(12,986	)		3,368,574
Guaranteed Unsecured Debt:
9.25% senior notes due March 2020 ($902,000 face value plus unamortized premium of $1,400 and $2,071 and less unamortized debt issuance costs of $4,924 and $7,527)		898,476			896,544
6.75% senior notes due June 2021 ($810,000 face value less unamortized debt issuance costs of $4,877 and $6,360)		805,123			803,640
6.125% senior notes due April 2023 ($1,800,000 face value less unamortized debt issuance costs of $21,708 and $25,984)		1,778,292			1,774,016

		3,481,891			3,474,200
Unguaranteed Unsecured Debt:
7.7% notes due February 2027 ($295,000 face value less unamortized debt issuance costs of $1,460 and $1,625)		293,540			293,375
6.875% fixed-rate senior notes due December 2028 ($128,000 face value less unamortized debt issuance costs of $707 and $771)		127,293			127,229

		420,833			420,604
Lease financing obligations		52,554			65,315

Total debt		3,942,292			7,328,693
Current maturities of long-term debt and lease financing obligations		(21,031	)		(21,335	)

Long-term debt and lease financing obligations, less current maturities	$	3,921,261		$	7,307,358

Schedule of debt instruments included in continuing operations and discontinued operations

	March 3, 2018
	Debt			Lease Financing Obligations			Total Debt and Lease Financing Obligations
Balance, March 3, 2018—per above table	$	3,889,738		$	52,554		$	3,942,292
Amounts reclassified as current and noncurrent liabilities held for sale in connection with the Sale(a)		(549,549	)		(1,108	)		(550,657	)

Total debt and lease financing obligations		3,340,189			51,446			3,391,635
Current maturities of long-term debt and lease financing obligations—continuing operations		(90	)		(20,671	)		(20,761	)

Long-term debt and lease financing obligations, less current maturities—continuing operations	$	3,340,099		$	30,775		$	3,370,874

	March 4, 2017
	Debt			Lease Financing Obligations			Total Debt and Lease Financing Obligations
Balance, March 4, 2017—per above table	$	7,263,378		$	65,315		$	7,328,693
Amounts reclassified as current and noncurrent liabilities held for sale in connection with the Sale(a)		(4,027,400	)		(10,492	)		(4,037,892	)

Total debt and lease financing obligations		3,235,978			54,823			3,290,801
Current maturities of long-term debt and lease financing obligations—continuing operations		(90	)		(17,619	)		(17,709	)

Long-term debt and lease financing obligations, less current maturities—continuing operations	$	3,235,888		$	37,204		$	3,273,092


(a)	In connection with the Sale, the Company is estimating that the Sale will provide total excess cash proceeds of approximately $549,549 and 4,027,400 which will be used to repay outstanding indebtedness as of March 3, 2018 and March 4, 2017, respectively. As such, the Company included estimated excess cash proceeds $549,549 and $4,027,400 as repayment of outstanding indebtedness that has been included in liabilities held for sale as of March 3, 2018 and March 4, 2017. Additionally, as part of the Sale, the Company will be relieved of approximately $1,108 and $10,492, respectively, of capital lease obligations as of March 3, 2018 and March 4, 2017. These amounts are also reflected as liabilities held for sale. Please see Note 4 for additional details.