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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.