Leases (Tables)

6 Months Ended

Sep. 02, 2023

Leases

Schedule of components of net lease cost

	Thirteen Week Period Ended				Twenty-Six Week Period Ended
	September 2, 2023		August 27, 2022		September 2, 2023		August 27, 2022
Operating lease cost	$	148,896	$	157,956	$	301,568	$	317,801
Financing lease cost:
Amortization of right-of-use asset		775		863		1,594		1,672
Interest on long-term finance lease liabilities		454		503		921		1,004
Total finance lease costs	$	1,229	$	1,366	$	2,515	$	2,676
Short-term lease costs		2,086		585		1,310		1,042
Variable lease costs		44,646		43,652		90,879		86,297
Less: sublease income		(3,104)		(3,393)		(5,841)		(6,616)
Net lease cost	$	193,753	$	200,166	$	390,431	$	401,200

Schedule of supplemental cash flow information related to leases

	Twenty-Six Week Period Ended
	September 2, 2023		August 27, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	330,492	$	350,177
Operating cash flows paid for interest portion of finance leases		921		1,004
Financing cash flows paid for principal portion of finance leases		1,969		1,940
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		163,569		155,710
Finance leases		—		—

Schedule of supplemental balance sheet information related to leases

	September 2,			March 4,
	2023			2023
Operating leases:
Operating lease right-of-use asset	$	2,239,043		$	2,497,206
Short-term operating lease liabilities	$	422,233		$	502,403
Long-term operating lease liabilities		2,373,953			2,372,943
Total operating lease liabilities	$	2,796,186		$	2,875,346
Finance leases:
Property, plant and equipment, net	$	12,674		$	13,576
Current maturities of lease financing obligations	$	6,006		$	6,332
Lease financing obligations, less current maturities		11,718			12,580
Total finance lease liabilities	$	17,724		$	18,912
Weighted average remaining lease term
Operating leases		7.3			7.5
Finance leases		8.0			8.0
Weighted average discount rate
Operating leases		7.5	%		6.5	%
Finance leases		10.5	%		9.0	%

Schedule of minimum lease payments, financing leases

	September 2, 2023
	Finance		Operating
Fiscal year	Leases		Leases(1)		Total
2024 (remaining twenty-six weeks)	$	5,301	$	335,247	$	340,548
2025		5,048		622,993		628,041
2026		1,883		500,523		502,406
2027		1,500		472,118		473,618
2028		1,500		399,881		401,381
Thereafter		10,174		1,280,351		1,290,525
Total lease payments		25,406		3,611,113		3,636,519
Less: imputed interest		(7,682)		(814,927)		(822,609)
Total lease liabilities	$	17,724	$	2,796,186	$	2,813,910

(1) – Future operating lease payments have not been reduced by minimum sublease rentals of $23 million due in the future under noncancelable leases.

Schedule of minimum lease payments, operating leases

	September 2, 2023
	Finance		Operating
Fiscal year	Leases		Leases(1)		Total
2024 (remaining twenty-six weeks)	$	5,301	$	335,247	$	340,548
2025		5,048		622,993		628,041
2026		1,883		500,523		502,406
2027		1,500		472,118		473,618
2028		1,500		399,881		401,381
Thereafter		10,174		1,280,351		1,290,525
Total lease payments		25,406		3,611,113		3,636,519
Less: imputed interest		(7,682)		(814,927)		(822,609)
Total lease liabilities	$	17,724	$	2,796,186	$	2,813,910

(1) – Future operating lease payments have not been reduced by minimum sublease rentals of $23 million due in the future under noncancelable leases.