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Leases (Tables)
12 Months Ended
Mar. 04, 2023
Leases  
Schedule of components of net lease cost

Year Ended

March 4, 2023

    

February 26, 2022

    

February 27, 2021

Operating lease cost

 

$

641,394

$

669,421

$

651,261

Financing lease cost:

Amortization of right-of-use asset

 

3,471

3,638

4,359

Interest on long-term finance lease liabilities

 

1,968

2,167

2,505

Total finance lease costs

 

$

5,439

$

5,805

$

6,864

Short-term lease costs

 

3,126

3,180

3,214

Variable lease costs

 

178,263

175,697

172,088

Less: sublease income

 

(12,871)

(13,510)

(14,886)

Net lease cost

 

$

815,351

$

840,593

$

818,541

Schedule of supplemental cash flow information related to leases

Year Ended

    

March 4, 2023

    

February 26, 2022

 

February 27, 2021

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows paid for operating leases

 

$

706,506

 

$

703,326

 

$

683,226

Operating cash flows paid for interest portion of finance leases

 

1,968

 

2,167

 

2,505

Financing cash flows paid for principal portion of finance leases

 

4,019

 

4,117

 

4,744

Right-of-use assets obtained in exchange for lease obligations:

Operating leases

 

264,507

 

350,132

 

513,215

Finance leases

 

 

 

Schedule of supplemental balance sheet information related to leases

March 4,

 

February 26,

 

    

2023

 

2022

 

Operating leases:

Operating lease right-of-use asset

 

$

2,497,206

$

2,813,535

Short-term operating lease liabilities

 

$

502,403

$

575,651

Long-term operating lease liabilities

 

2,372,943

 

2,597,090

Total operating lease liabilities

 

$

2,875,346

$

3,172,741

Finance leases:

Property, plant and equipment, net

 

$

13,576

$

13,950

Current maturities of long-term debt and lease financing obligations

 

$

6,332

$

5,544

Lease financing obligations, less current maturities

 

12,580

 

14,830

Total finance lease liabilities

 

$

18,912

$

20,374

Weighted average remaining lease term

Operating leases

 

7.5

 

7.7

Finance leases

 

8.0

 

8.7

Weighted average discount rate

Operating leases

 

6.5

%

 

6.0

%

Finance leases

 

9.0

%

 

10.0

%

Schedule of minimum lease payments, financing leases

March 4, 2023

Finance

Operating

Fiscal year

    

Leases

    

 Leases(1)

    

Total

2024

 

$

3,188

 

$

677,631

 

$

680,819

2025

 

7,732

 

593,857

 

601,589

2026

 

2,421

 

507,388

 

509,809

2027

 

1,567

 

426,503

 

428,070

2028

 

1,500

 

351,942

 

353,442

Thereafter

 

10,923

 

1,148,719

 

1,159,642

Total lease payments

 

27,331

 

3,706,040

 

3,733,371

Less: imputed interest

 

(8,419)

 

(830,694)

 

(839,113)

Total lease liabilities

 

$

18,912

 

$

2,875,346

 

$

2,894,258

Schedule of minimum lease payments, operating leases

March 4, 2023

Finance

Operating

Fiscal year

    

Leases

    

 Leases(1)

    

Total

2024

 

$

3,188

 

$

677,631

 

$

680,819

2025

 

7,732

 

593,857

 

601,589

2026

 

2,421

 

507,388

 

509,809

2027

 

1,567

 

426,503

 

428,070

2028

 

1,500

 

351,942

 

353,442

Thereafter

 

10,923

 

1,148,719

 

1,159,642

Total lease payments

 

27,331

 

3,706,040

 

3,733,371

Less: imputed interest

 

(8,419)

 

(830,694)

 

(839,113)

Total lease liabilities

 

$

18,912

 

$

2,875,346

 

$

2,894,258

(1)Future operating lease payments have not been reduced by minimum sublease rentals of $24.0 million due in the future under noncancelable leases.