v3.26.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company's long-term debt and finance lease obligations as of February 28, 2026 and February 22, 2025, net of unamortized debt discounts of $37.9 million and $28.6 million, respectively, and deferred financing costs of $55.2 million and $31.6 million, respectively, consisted of the following (in millions):
February 28,
2026
February 22,
2025
Senior Unsecured Notes due 2028 to 2034, interest rate range of 3.50% to 6.50%
$7,228.9 $6,517.0 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
489.3 484.6 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
376.5 375.9 
ABL Facility425.0 — 
Other financing obligations14.0 14.7 
Finance lease obligations (see Note 6)
412.9 427.9 
Total debt8,946.6 7,820.1 
Less current maturities(534.0)(57.6)
Long-term portion$8,412.6 $7,762.5 
Schedule of Future Maturities of Long-term Debt
As of February 28, 2026, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2026$485.1 
2027906.6 
202844.0 
20292,477.9 
2030397.0 
Thereafter4,316.2 
Total$8,626.8 
Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
Fiscal
 2025
Fiscal
 2024
Fiscal
 2023
ABL Facility, senior secured and unsecured notes, and debentures$454.6 $414.8 $446.9 
Finance lease obligations34.4 38.8 45.5 
Amortization of deferred financing costs (1)24.5 16.3 15.6 
Other interest income, net(9.3)(10.1)(15.9)
Interest expense, net$504.2 $459.8 $492.1 
(1) Fiscal 2025 includes $9.3 million of deferred financing costs expensed in connection with the refinancings.