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LEASES (Tables)
12 Months Ended
Feb. 22, 2014
Text Block [Abstract]  
Noncancellable Operating Leases and Capital Leases

Future minimum lease and subtenant rentals under noncancellable leases as of February 22, 2014, consist of the following:

 

     Lease Receipts  

Fiscal Year

   Operating
Leases
     Direct
Financing
Leases
 

2015

   $ 3       $ 2   

2016

     2         2   

2017

     2         1   

2018

     2           

2019

     1           

Thereafter

     1           
  

 

 

    

 

 

 

Total minimum lease receipts

   $ 11         5   
  

 

 

    

Less unearned income

        (1
     

 

 

 

Net investment in direct financing leases

        4   

Less current portion

        (1
     

 

 

 

Long-term portion

      $ 3   
     

 

 

Rent Expense and Subtenant Rentals

Rent expense and subtenant rentals under operating leases consisted of the following:

 

     2014     2013     2012  

Minimum rent

   $   129      $   127      $   118   

Contingent rent

     5        6        2   
  

 

 

   

 

 

   

 

 

 

Rent expense

     134        133        120   

Subtenant rentals

     (13     (13     (15
  

 

 

   

 

 

   

 

 

 

Total net rent expense

   $ 121      $ 120      $ 105   
  

 

 

   

 

 

   

 

 

Future Minimum Lease and Subtenant Rentals Under Noncancellable Leases

Future minimum lease payments to be made by the Company for noncancellable operating leases and capital leases as of February 22, 2014, consist of the following:

 

     Lease Obligations  

Fiscal Year

   Operating
Leases
     Capital
Leases
 

2015

   $ 122       $ 51   

2016

     116         48   

2017

     99         44   

2018

     79         41   

2019

     60         39   

Thereafter

     150         169   
  

 

 

    

 

 

 

Total future minimum obligations

   $ 626         392   
  

 

 

    

Less interest

        (119
     

 

 

 

Present value of net future minimum obligations

        273   

Less current capital lease obligations

        (27
     

 

 

 

Long-term capital lease obligations

      $ 246  
Carrying Value of Owned Property Leased to Third Parties Under Operating Leases

The carrying value of owned property leased to third parties under operating leases was as follows:

 

     2014     2013  

Property, plant and equipment

   $ 4      $ 4   

Less accumulated depreciation

     (3     (3
  

 

 

   

 

 

 

Property, plant and equipment, net

   $ 1      $ 1