Indebtedness and Credit Agreements (Tables)

12 Months Ended

Mar. 02, 2019

Summary of indebtedness and lease financing obligations


	2019		2018
Secured Debt:
Senior secured revolving credit facility due January 2020 ($0 face value less unamortized debt issuance costs of $0 and $13,076)	$	—	$	(13,076)
Senior secured revolving credit facility due December 2023 ($875,000 and $0 face value less unamortized debt issuance costs of $24,069 and $0)		850,931		—
FILO term loan due December 2023 ($450,000 and $0 face value less unamortized debt issuance costs of $3,918 and $0)		446,082		—
Other secured		—		90
		1,297,013		(12,986)
Guaranteed Unsecured Debt:
9.25% senior notes due March 2020 ($0 and $902,000 face value plus unamortized premium of $0 and $1,400 and less unamortized debt issuance costs of $0 and $4,924)		—		898,476
6.75% senior notes due June 2021 ($0 and $810,000 face value less unamortized debt issuance costs of $0 and $4,877)		—		805,123
6.125% senior notes due April 2023 ($1,753,490 and $1,800,000 face value less unamortized debt issuance costs of $16,982 and $21,708)		1,736,508		1,778,292
		1,736,508		3,481,891
Unguaranteed Unsecured Debt:
7.7% notes due February 2027 ($295,000 face value less unamortized debt issuance costs of $1,295 and $1,460)		293,705		293,540
6.875% fixed-rate senior notes due December 2028 ($128,000 face value less unamortized debt issuance costs of $642 and $707)		127,358		127,293
		421,063		420,833
Lease financing obligations		40,176		52,554
Total debt		3,494,760		3,942,292
Current maturities of long-term debt and lease financing obligations		(16,111)		(21,031)
Long-term debt and lease financing obligations, less current maturities	$	3,478,649	$	3,921,261

Schedule of reconciliation of indebtedness included in continuing operations and discontinued operations


	March 3, 2018
					Total Debt and
			Lease Financing		Lease Financing
	Debt		Obligations		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

(a)

In connection with the Sale, the Company had estimated that the Sale would generate in excess of $4.0 billion of cash proceeds, all of which was used to repay outstanding indebtedness. Please see Note 3 for additional details.