Leases (Tables)

3 Months Ended

Jun. 03, 2023

Leases

Schedule of components of net lease cost

	Thirteen Week Period Ended
	June 3, 2023		May 28, 2022
Operating lease cost	$	152,672	$	159,845
Financing lease cost:
Amortization of right-of-use asset		819		809
Interest on long-term finance lease liabilities		467		501
Total finance lease costs	$	1,286	$	1,310
Short-term lease costs		(776)		457
Variable lease costs		46,233		42,645
Less: sublease income		(2,737)		(3,223)
Net lease cost	$	196,678	$	201,034

Schedule of supplemental cash flow information related to leases

	Thirteen Week Period Ended
	June 3, 2023		May 28, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	160,367	$	175,414
Operating cash flows paid for interest portion of finance leases		467		501
Financing cash flows paid for principal portion of finance leases		996		945
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		77,412		57,986
Finance leases		—		—

Schedule of supplemental balance sheet information related to leases

	June 3,			March 4,
	2023			2023
Operating leases:
Operating lease right-of-use asset	$	2,457,110		$	2,497,206
Short-term operating lease liabilities	$	488,712		$	502,403
Long-term operating lease liabilities		2,345,277			2,372,943
Total operating lease liabilities	$	2,833,989		$	2,875,346
Finance leases:
Property, plant and equipment, net	$	13,064		$	13,576
Current maturities of long-term debt and lease financing obligations	$	6,060		$	6,332
Lease financing obligations, less current maturities		12,151			12,580
Total finance lease liabilities	$	18,211		$	18,912
Weighted average remaining lease term
Operating leases		7.4			7.5
Finance leases		8.3			8.0
Weighted average discount rate
Operating leases		7.0	%		6.5	%
Finance leases		10.6	%		9.0	%

Schedule of minimum lease payments, financing leases

	June 3, 2023
	Finance		Operating
Fiscal year	Leases		Leases(1)		Total
2024 (remaining thirty-nine weeks)	$	6,506	$	502,374	$	508,880
2025		4,003		602,909		606,912
2026		2,198		479,513		481,711
2027		1,500		446,677		448,177
2028		1,500		373,347		374,847
Thereafter		10,548		1,211,362		1,221,910
Total lease payments		26,255		3,616,182		3,642,437
Less: imputed interest		(8,044)		(782,193)		(790,237)
Total lease liabilities	$	18,211	$	2,833,989	$	2,852,200

(1) – Future operating lease payments have not been reduced by minimum sublease rentals of $22 million due in the future under noncancelable leases.

Schedule of minimum lease payments, operating leases

	June 3, 2023
	Finance		Operating
Fiscal year	Leases		Leases(1)		Total
2024 (remaining thirty-nine weeks)	$	6,506	$	502,374	$	508,880
2025		4,003		602,909		606,912
2026		2,198		479,513		481,711
2027		1,500		446,677		448,177
2028		1,500		373,347		374,847
Thereafter		10,548		1,211,362		1,221,910
Total lease payments		26,255		3,616,182		3,642,437
Less: imputed interest		(8,044)		(782,193)		(790,237)
Total lease liabilities	$	18,211	$	2,833,989	$	2,852,200

(1) – Future operating lease payments have not been reduced by minimum sublease rentals of $22 million due in the future under noncancelable leases.