Albertsons Companies (ACI) 10-Q 14 Jan 19 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 01, 2018	Jan. 14, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Albertsons Companies, Inc.
Entity Central Index Key	1,646,972
Entity Filer Category	Non-accelerated Filer
Current Fiscal Year End Date	--02-23
Document Fiscal Year Focus	2,018
Document Type	10-Q
Document Fiscal Period Focus	Q3
Document Period End Date	Dec. 1, 2018
Amendment Flag	false
Entity Common Stock, Shares Outstanding		277,882,010
Entity Emerging Growth Company	false
Entity Small Business	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018
Current assets
Cash and cash equivalents	$ 462.6	$ 670.3
Receivables, net	566.9	615.3
Inventories, net	4,639.5	4,421.1
Other current assets	443.6	441.9
Total current assets	6,112.6	6,148.6
Property and equipment, net	10,143.3	10,770.3
Intangible assets, net	2,893.3	3,142.5
Goodwill	1,183.3	1,183.3
Other assets	649.2	567.6
TOTAL ASSETS	20,981.7	21,812.3
Current liabilities
Accounts payable	3,119.2	2,833
Accrued salaries and wages	1,020.6	984.1
Current maturities of long-term debt and capitalized lease obligations	412.6	168.2
Other current liabilities	988.3	1,044.3
Total current liabilities	5,540.7	5,029.6
Long-term debt and capitalized lease obligations	10,565.3	11,707.6
Deferred income taxes	595	579.9
Other long-term liabilities	2,890.6	3,097
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value; 30,000,000 shares authorized, no shares issued and outstanding as of December 1, 2018 and February 24, 2018, respectively	0	0
Common stock, $0.01 par value; 1,000,000,000 shares authorized and 277,882,010 shares issued and outstanding as of December 1, 2018, and 1,000,000,000 shares authorized and 279,654,028 shares issued and outstanding as of February 24, 2018	2.8	2.8
Additional paid-in capital	1,788.7	1,773.3
Treasury stock, at cost, 1,772,018 and no shares held as of December 1, 2018 and February 24, 2018, respectively	(25.8)	0
Accumulated other comprehensive income	192.1	191.1
Accumulated deficit	(567.7)	(569)
Total stockholders' equity	1,390.1	1,398.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 20,981.7	$ 21,812.3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 01, 2018	Feb. 24, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares outstanding	0	0
Preferred stock, shares issued	0	0
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares outstanding	277,882,010	279,654,028
Common stock shares issued	277,882,010	279,654,028
Treasury Stock, Common, Shares	1,772,018	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
Income Statement [Abstract]
Net sales and other revenue	$ 13,840.4	$ 13,599.2	$ 46,517.9	$ 45,890.9
Cost of sales	9,988	9,974.6	33,682	33,478.1
Gross profit	3,852.4	3,624.6	12,835.9	12,412.8
Selling and administrative expenses	3,678	3,725.7	12,337	12,509
Goodwill impairment	0	0	0	142.3
Operating income (loss)	174.4	(101.1)	498.9	(238.5)
Interest expense, net	213	193.9	662.5	679.2
Loss (gain) on debt extinguishment	9.5	(5)	9.5	(5)
Other (income) expense	(28.3)	15.4	(88.3)	20.1
Loss before income taxes	(19.8)	(305.4)	(84.8)	(932.8)
Income tax benefit	(65.4)	(523.5)	(80.3)	(590.8)
Net income (loss)	45.6	218.1	(4.5)	(342)
Other comprehensive income (loss), net of tax
Gain on interest rate swaps	0.9	22.2	4.3	22.6
Recognition of pension (loss) gain	(0.5)	2.4	(1.6)	6
Foreign currency translation adjustment	0.3	(11.6)	(0.3)	14.3
Other	(0.8)	(7.8)	(1.4)	(3.6)
Other comprehensive income (loss)	(0.1)	5.2	1	39.3
Comprehensive income (loss)	$ 45.5	$ 223.3	$ (3.5)	$ (302.7)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017
Cash flows from operating activities:
Net loss	$ (4.5)	$ (342)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net (gain) loss on property dispositions, asset impairment and lease exit costs	(163.7)	66.8
Goodwill impairment	0	142.3
Depreciation and amortization	1,340.8	1,462
LIFO expense	15.7	24
Deferred income tax	(135.2)	(629.7)
Contributions to pension and post-retirement benefit plans, net of expense	(178.2)	(0.9)
Amortization and write-off of deferred financing costs	38.3	48.5
Loss (gain) on debt extinguishment	9.5	(5)
Equity-based compensation expense	35.5	24.6
Other	(35.9)	93
Changes in operating assets and liabilities, net of effects of acquisition of businesses:
Receivables, net	47.1	29.7
Inventories, net	(234)	(278.9)
Accounts payable, accrued salaries and wages and other accrued liabilities	347.4	159.6
Other operating assets and liabilities	(13.7)	(83.4)
Net cash provided by operating activities	1,069.1	710.6
Cash flows from investing activities:
Business acquisitions, net of cash acquired	0	(148.8)
Payments for property, equipment and intangibles, including payments for lease buyouts	(916.9)	(1,062.7)
Proceeds from sale of assets	529.3	652.6
Other	27	(55.5)
Net cash used in investing activities	(360.6)	(614.4)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,365.8	290
Payments on long-term borrowings	(2,113.8)	(830.6)
Payments of obligations under capital leases	(74.5)	(82.8)
Payments for debt financing costs	(18.6)	(1.5)
Member distribution	0	(250)
Purchase of treasury stock, at cost	(25.8)	0
Proceeds from financing leases	0	99.9
Other	(36.3)	(65.7)
Net cash used in financing activities	(903.2)	(840.7)
Net decrease in cash and cash equivalents and restricted cash	(194.7)	(744.5)
Cash and cash equivalents and restricted cash at beginning of period	680.8	1,229.1
Cash and cash equivalents and restricted cash at end of period	$ 486.1	$ 484.6

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim Condensed Consolidated Financial Statements include the accounts of Albertsons Companies, Inc. and its subsidiaries (the "Company"). All significant intercompany balances and transactions were eliminated. The Condensed Consolidated Balance Sheet as of February 24, 2018 is derived from the Company's annual audited Consolidated Financial Statements for the fiscal year ended February 24, 2018 , which should be read in conjunction with these Condensed Consolidated Financial Statements and which are included in the Company's Annual Report on Form 10-K. Certain information in footnote disclosures normally included in annual financial statements was condensed or omitted for the interim periods presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, the interim data includes all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The interim results of operations and cash flows are not necessarily indicative of those results and cash flows expected for the year. The Company ’s results of operations are for the 12 and 40 weeks ended December 1, 2018 and December 2, 2017 . Prior Period Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation, including the addition of Restricted cash to Cash and cash equivalents on the Condensed Consolidated Statements of Cash Flows, and the reclassification of non-service cost components of Net pension and post-retirement expense to Other (income) expense from Selling and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), as a result of the adoption of new accounting guidance. Significant Accounting Policies Restricted cash: Restricted cash is included in Other current assets or Other assets depending on the remaining term of the restriction and primarily relates to funds held in escrow. The Company had $23.5 million and $10.5 million of Restricted cash as of December 1, 2018 and February 24, 2018 , respectively. Inventories, net: Substantially all of the Company’s inventories consist of finished goods valued at the lower of cost or market and net of vendor allowances. The Company uses either item-cost or the retail inventory method to value inventory at lower of cost or market before application of any last-in, first-out ("LIFO") reserve. Interim LIFO inventory costs are based on management's estimates of expected year-end inventory levels and inflation rates. The Company recorded LIFO expense of $2.8 million and $0.4 million for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively and $15.7 million and $24.0 million for the 40 weeks ended December 1, 2018 and December 2, 2017 , respectively. Equity-based compensation: The Company maintains the Albertsons Companies, Inc. Phantom Unit Plan (the "Phantom Unit Plan"), an equity-based incentive plan, which provides for grants of Phantom Units to certain employees, directors and consultants. Each Phantom Unit provides the participant with a contractual right to receive, upon vesting, one management incentive unit in each of the Company's parents, Albertsons Investor Holdings LLC and KIM ACI, LLC, that collectively own all of the outstanding shares of the Company. The Phantom Units vest over a service period, or upon a combination of both a service period and achievement of certain performance-based thresholds. The fair value of the Phantom Units is determined using an option pricing model, adjusted for lack of marketability and using an expected term or time to liquidity based on judgments made by management. Equity-based compensation expense recognized by the Company related to these plans was $9.9 million and $6.5 million for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively. For the 40 weeks ended December 1, 2018 and December 2, 2017 , equity-based compensation expense was $35.5 million and $24.6 million , respectively. The Company recorded an income tax benefit of $2.7 million and $1.3 million related to equity-based compensation for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively. For the 40 weeks ended December 1, 2018 and December 2, 2017 , the Company recorded an income tax benefit of $9.6 million and $5.0 million , respectively. On November 9, 2018, the Company issued 1,281,416 phantom units to employees, which includes 948,254 time-based vesting units that were deemed granted. The remaining 333,162 units will only be deemed granted upon the establishment of the annual performance target for fiscal 2019, fiscal 2020 and fiscal 2021, as applicable. The 948,254 units deemed granted have an aggregate grant date value of $30.3 million . As of December 1, 2018 , there was $71.5 million of unrecognized costs related to 2.7 million unvested Phantom Units. That cost is expected to be recognized over a weighted average period of 2.2 years . Treasury Stock: During the 12 weeks ended December 1, 2018 , the Company repurchased 1,772,018 shares of common stock allocable to certain current and former members of management ("the management holders") for $25.8 million in cash. The shares are classified as treasury stock on the Condensed Consolidated Balance Sheet. The shares repurchased represented a portion of the shares allocable to management. Proceeds from the repurchase were used by the management holders to repay outstanding loans of the management holders with a third party financial institution. As there is no current active market for shares of the Company’s common stock, the shares were repurchased at a negotiated price between the Company and the management holders. Income taxes: On December 22, 2017, the President signed the Tax Cuts and Jobs Act (the "Tax Act") into law, which enacted significant changes to U.S. income tax and related laws. Among other things, the Tax Act reduces the top U.S. corporate income tax rate from 35% to 21%, and makes changes to certain other business-related exclusions, deductions and credits. Also on December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 ("SAB 118") to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for income tax effects of the Tax Act. SAB 118 allows the Company to record provisional amounts during a measurement period not to extend beyond one year from the date of enactment. The Tax Act was effective in the fourth quarter of fiscal 2017, during which the Company recorded a provisional tax benefit of $430.4 million . The Company recorded additional provisional benefit of $60.3 million during the 40 weeks ended December 1, 2018, primarily to account for refinement of the transition tax, and the remeasurement of deferred taxes. As of December 1, 2018 , the Company had not completed its accounting for the Tax Act. The Company continues to analyze the Tax Act and refine its calculations, which could impact the measurement of its tax balances. The Company expects to complete its analysis in the fourth quarter of fiscal 2018 in accordance with SAB 118. Income tax benefit was $65.4 million and $523.5 million for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively. Income tax benefit was $80.3 million and $590.8 million for the 40 weeks ended December 1, 2018 and December 2, 2017 , respectively. The tax benefit in fiscal 2018 was primarily driven by the Company’s provisional SAB 118 adjustment of $60.3 million . The tax benefit in fiscal 2017 was primarily driven by the Company's corporate reorganization and the related non-cash reversal of a valuation allowance against net deferred tax assets. Prior to the fourth quarter of fiscal 2017, the Company was organized as a limited liability company and conducted its operations primarily through limited liability companies and Subchapter C corporations. As such, the Company's effective tax rate in periods prior to the corporate reorganization was largely driven by the mix of pre-tax income or loss between our taxable and nontaxable entities. Segments : The Company and its subsidiaries offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through eCommerce channels. The Company's operating divisions are geographically based, have similar economic characteristics and similar expected long-term financial performance. The Company's operating segments and reporting units are its 13 divisions, which have been aggregated into one reportable segment. Each reporting unit constitutes a business for which discrete financial information is available and for which management regularly reviews the operating results. Across all operating segments, the Company operates primarily one store format. Each store offers the same general mix of products with similar pricing to similar categories of customers, has similar distribution methods, operates in similar regulatory environments and purchases merchandise from similar or the same vendors. All of the Company's retail operations are domestic. Revenue Recognition: Revenues from the retail sale of products are recognized at the point of sale to the customer, net of returns and sales tax. Pharmacy sales are recorded upon the customer receiving the prescription. Third party receivables from pharmacy sales were $246.1 million and $205.5 million as of December 1, 2018 and February 24, 2018 , respectively, and are recorded in Receivables, net. For eCommerce related sales, which primarily includes home delivery, "Drive Up and Go" stores and meal kit delivery, revenues are recognized upon either pickup in store or delivery to the customer and may include revenue for separately charged delivery services. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided to customers by vendors, usually in the form of coupons, are not recognized as a reduction in sales, provided the coupons are redeemable at any retailer that accepts coupons. The Company recognizes revenue and records a corresponding receivable from the vendor for the difference between the sales prices and the cash received from the customer. The Company records a contract liability when rewards are earned by customers in connection with the Company's loyalty programs. As rewards are redeemed or expire, the Company reduces the contract liability and recognizes revenue. The Company records a contract liability when it sells its own proprietary gift cards. The Company records a sale when the customer redeems the gift card. The Company's gift cards do not expire. The Company reduces the contract liability and records revenue for the unused portion of gift cards ("breakage") in proportion to its customers' pattern of redemption, which the Company determined to be the historical redemption rate. The Company's contract liability related to gift cards was $58.2 million as of December 1, 2018 and $55.6 million as of February 24, 2018 . Breakage amounts were immaterial for the 12 and 40 weeks ended December 1, 2018 and December 2, 2017 , respectively. Disaggregated Revenues The following table represents sales revenue by type of similar product (dollars in millions): 12 weeks ended 40 weeks ended December 1, December 2, December 1, December 2, Amount (1) % of Total Amount (1) % of Total Amount (1) % of Total Amount (1) % of Total Non-perishables (2) $ 6,032.9 43.6 % $ 6,039.9 44.4 % $ 20,186.0 43.4 % $ 20,278.6 44.3 % Perishables (3) 5,596.5 40.5 % 5,453.1 40.2 % 19,099.1 41.0 % 18,783.6 40.9 % Pharmacy 1,194.5 8.6 % 1,187.1 8.7 % 3,847.0 8.3 % 3,858.2 8.4 % Fuel 831.3 6.0 % 739.6 5.4 % 2,785.4 6.0 % 2,399.3 5.2 % Other (4) 185.2 1.3 % 179.5 1.3 % 600.4 1.3 % 571.2 1.2 % Net sales and other revenue $ 13,840.4 100.0 % $ 13,599.2 100.0 % $ 46,517.9 100.0 % $ 45,890.9 100.0 % (1) eCommerce related sales are included in the categories to which the revenue pertains. (2) Consists primarily of general merchandise, grocery and frozen foods. (3) Consists primarily of produce, dairy, meat, deli, floral and seafood. (4) Consists primarily of lottery and various other commissions and other miscellaneous income. Sale-Leaseback Transactions On August 16, 2018, the Company completed the sale and leaseback of two of the Company’s distribution centers for an aggregate purchase price, net of closing costs, of approximately $290 million . In connection with the sale and leaseback, the Company entered into lease agreements for each of the properties for initial terms of 20 years . The aggregate initial annual rent payment for the properties will be approximately $17 million , and includes 1.5% annual rent increases over the initial 20 -year term. Subsequent to the end of the third quarter of fiscal 2018, the Company completed the sale and leaseback of five of the Company’s distribution centers for an aggregate purchase price, net of closing costs, of approximately $660 million . The sale and leasebacks were completed in two separate transactions which closed on December 17, 2018 and January 2, 2019, respectively. In connection with the sale and leasebacks, the Company entered into lease agreements for each of the properties for initial terms of 15 to 20 years . The aggregate initial annual rent payment for the properties will be approximately $38 million and includes 1.50% to 1.75% annual rent increases over the initial lease terms. Recently adopted accounting standards: In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, " Revenue from Contracts with Customers (Topic 606)". The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted this guidance in the first quarter of fiscal 2018 on a modified retrospective basis, including implementing changes to processes and controls to comply with the new disclosure requirements. The adoption of this standard resulted in a decrease to accumulated deficit of $5.8 million . The adjustment relates to breakage on the unredeemed portion of the Company's gift cards, which are now recognized in proportion to customer redemptions of gift cards, rather than waiting until the likelihood of redemption becomes remote. Similar to previous guidance, in certain third-party arrangements where the Company had previously determined it acts as a principal versus an agent, the Company will continue to record revenue for these arrangements on a gross basis under the new guidance. In March 2017, the FASB issued ASU 2017-07, " Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ." The Company adopted this guidance in the first quarter of fiscal 2018 on a retrospective basis. This ASU requires an employer to report the service cost component of net pension and post-retirement expense in the same line as other compensation costs from services rendered by employees during the period. Other components of net pension and post-retirement expense are required to be presented in the income statement separately from the service cost component. For the 12 and 40 weeks ended December 2, 2017 , the Company reclassified $6.1 million and $20.3 million , respectively, of non-service pension and post-retirement cost components to Other (income) expense from Selling and administrative expenses. In November 2016, the FASB issued ASU 2016-18, " Statement of Cash Flows - Restricted Cash (Topic 230)". The Company adopted this guidance in the first quarter of fiscal 2018 on a retrospective basis. The new guidance requires that restricted cash be added to Cash and cash equivalents when reconciling the beginning and ending amounts on the Condensed Consolidated Statements of Cash Flows. The guidance also requires entities that report cash and cash equivalents and restricted cash separately on the Condensed Consolidated Balance Sheets to reconcile those amounts to the Condensed Consolidated Statements of Cash Flows. For the 40 weeks ended December 2, 2017 , the adoption of this standard resulted in a decrease to Net cash used in investing activities and an increase to Net increase (decrease) in cash and cash equivalents and restricted cash of $1.4 million . The following table provides a reconciliation of the amount of Cash and cash equivalents reported on the Condensed Consolidated Balance Sheets to the total of Cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (in millions): December 1, December 2, Cash and cash equivalents $ 462.6 $ 473.3 Restricted cash 23.5 11.3 Cash and cash equivalents and restricted cash $ 486.1 $ 484.6 In August 2017, the FASB issued ASU 2017-12, " Derivatives and Hedging (Topic 815)" . The new guidance more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The guidance expands hedge accounting for both nonfinancial and financial risk components and refines the measurement of hedge results to better reflect an entity’s hedging strategies. The Company elected to early adopt this ASU beginning the first day of fiscal 2018. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01, " Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" . The ASU is intended to improve the recognition and measurement of financial instruments. The Company adopted this guidance in the first quarter of fiscal 2018. The new guidance requires equity investments, other than those accounted for under the equity method, to be measured at fair value, with changes in fair value recognized in net income. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-15, " Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)" . The ASU is intended to improve the recognition and measurement of financial instruments. The new guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company elected to early adopt this ASU in the second quarter of fiscal 2018 on a prospective basis. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Recently issued accounting standards: In February 2016, the FASB issued ASU 2016-02, " Leases (Topic 842) ". The ASU will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The new guidance will require both classifications of leases, operating and capital, to be recognized on the balance sheet. Consistent with current GAAP, the recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on its classification. The ASU also will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The Company plans to adopt this guidance in the first quarter of fiscal 2019. The Company plans to apply the practical expedients permitted within the guidance, which allows the Company to carryforward its historical lease classification, and to apply the transition option which does not require application of the guidance to comparative periods in the year of adoption. The adoption of this ASU will result in the recognition of significant right-of-use assets and lease liabilities in the Company’s Consolidated Balance Sheets. The Company has formed a dedicated project team and developed a comprehensive multi-stage project plan to assess and implement this ASU. This assessment includes reviewing all forms of leases and leveraging a technology solution in implementing the new ASU. The preparation for adoption is ongoing, including the assessment of other potential impacts of this ASU, which includes analysis of the potential transitional adjustments to Stockholders' equity and impact of adoption on the Consolidated Statements of Operations and the Consolidated Statements of Cash Flows. In February 2018, the FASB issued ASU 2018-02, " Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ". This ASU amends ASC 220, " Income Statement - Reporting Comprehensive Income"

Acquisitions

Acquisitions	9 Months Ended
	Dec. 01, 2018
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Termination of Merger Agreement with Rite Aid As previously disclosed, on February 18, 2018, the Company and its wholly-owned subsidiaries, Ranch Acquisition II LLC and Ranch Acquisition Corp. (together with Ranch Acquisition II LLC, "Merger Subs") and Rite Aid Corporation ("Rite Aid") entered into an Agreement and Plan of Merger (the "Merger Agreement"). On August 8, 2018, the Company, Merger Subs and Rite Aid entered into a Termination Agreement (the "Termination Agreement") under which the parties mutually agreed to terminate the Merger Agreement. Subject to limited customary exceptions, the Termination Agreement also mutually releases the parties from any claims of liability to one another relating to the contemplated merger transaction. Under the terms of the Merger Agreement, neither the Company nor Rite Aid will be responsible for any payments to the other party as a result of the termination of the Merger Agreement.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 01, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The accounting guidance for fair value established a framework for measuring fair value and established a three-level valuation hierarchy for disclosure of fair value measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability at the measurement date. The three levels are defined as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities; Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; Level 3 - Unobservable inputs in which little or no market activity exists, requiring an entity to develop its own assumptions that market participants would use to value the asset or liability. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following table presents assets and liabilities which were measured at fair value on a recurring basis as of December 1, 2018 (in millions): Fair Value Measurements Total Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Assets: Cash equivalents: Money market $ 44.0 $ 44.0 $ — $ — Short-term investments (1) 23.2 21.1 2.1 — Non-current investments (2) 89.1 36.9 52.2 — Derivative contracts (3) 3.4 — 3.4 — Total $ 159.7 $ 102.0 $ 57.7 $ — Liabilities: Contingent consideration (4) $ 19.9 $ — $ — $ 19.9 Total $ 19.9 $ — $ — $ 19.9 (1) Primarily relates to Mutual Funds. Included in Other current assets. (2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets. (3) Primarily relates to interest rate swaps. Included in Other current assets. (4) Included in Other long-term liabilities. The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 24, 2018 (in millions): Fair Value Measurements Total Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Assets: Cash equivalents: Money market $ 198.0 $ 198.0 $ — $ — Short-term investments (1) 24.5 22.1 2.4 — Non-current investments (2) 91.2 40.2 51.0 — Total $ 313.7 $ 260.3 $ 53.4 $ — Liabilities: Derivative contracts (3) $ 11.8 $ — $ 11.8 $ — Contingent consideration (4) 60.0 — — 60.0 Total $ 71.8 $ — $ 11.8 $ 60.0 (1) Primarily relates to Mutual Funds. Included in Other current assets. (2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets. (3) Primarily relates to interest rate swaps. Included in Other current liabilities. (4) Included in Other current liabilities and Other long-term liabilities. A reconciliation of the beginning and ending balances for Level 3 liabilities follows (in millions): Contingent Consideration December 1, 2018 Beginning balance $ 60.0 Change in fair value (39.4 ) Payments (0.7 ) Ending balance $ 19.9 The estimated fair value of the Company’s debt, including current maturities, was based on Level 2 inputs, being market quotes or values for similar instruments, and interest rates currently available to the Company for the issuance of debt with similar terms and remaining maturities as a discount rate for the remaining principal payments. As of December 1, 2018 , the fair value of total debt was $9,975.7 million compared to the carrying value of $10,468.1 million , exclu ding debt discounts and deferred financing costs. As of February 24, 2018 , the fair value of total debt was $10,603.4 million compared to the carrying value of $11,340.5 million , excluding debt discounts and deferred financing costs. Assets Measured at Fair Value on a Non-Recurring Basis

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Dec. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS Interest Rate Risk Management The Company is exposed to market risk from fluctuations in interest rates. The Company manages its exposure to interest rate fluctuations through the use of interest rate swaps ("cash flow hedges"). The Company’s risk management objective and strategy with respect to interest rate swaps is to protect the Company against adverse fluctuations in interest rates by reducing its exposure to variability in cash flows relating to interest payments on a portion of its outstanding debt. The Company is meeting its objective by hedging the risk of changes in its cash flows (interest payments) attributable to changes in the London Inter-Bank Offering Rate ("LIBOR"), the designated benchmark interest rate being hedged (the "hedged risk"), on an amount of the Company's debt principal equal to the then-outstanding swap notional amount. Cash Flow Interest Rate Swaps For derivative instruments that are designated and qualify as cash flow hedges of forecasted interest payments, the Company reports the gain or loss as a component of Other comprehensive income until the interest payments being hedged are recorded as Interest expense, net, at which time the amounts in Other comprehensive income are reclassified as an adjustment to Interest expense, net. The Company has entered into several swaps with maturity dates in 2019 and 2021 to hedge against variability in cash flows relating to interest payments on a portion of the Company's outstanding variable rate term debt. The aggregate notional amounts of all swaps as of both December 1, 2018 and February 24, 2018 were $3,110.0 million , of which $3,052.0 million are designated as cash flow hedges as defined by GAAP. The undesignated portion of the Company's interest rate swaps is attributable to principal payments expected to be made through the loan’s maturity. On June 20, 2018, the Company entered into two new interest rate swap agreements with notional amounts of $339.0 million and $254.0 million , with an effective date of March 2019 and maturing in March 2023 . These swaps hedge against variability in cash flows relating to interest payments on the Company’s outstanding variable rate debt. Accordingly, the interest rate swaps will be designated as cash flow hedges as defined by GAAP. As of December 1, 2018 , the fair value of the cash flow interest rate swap asset was $3.4 million and was recorded in Other current assets, and as of February 24, 2018 , the fair value of the cash flow interest rate swap liability was $13.0 million and was recorded in Other current liabilities. Activity related to the Company’s derivative instruments designated as cash flow hedges consisted of the following (in millions): Amount of income recognized from derivatives Derivatives designated as hedging instruments 12 weeks ended December 1, 2018 12 weeks ended December 2, 2017 Location of income recognized from derivatives Designated interest rate swaps $ 0.9 $ 22.2 Other comprehensive income (loss), net of tax Amount of income recognized from derivatives Derivatives designated as hedging instruments 40 weeks ended December 1, 2018 40 weeks ended December 2, 2017 Location of income recognized from derivatives Designated interest rate swaps $ 4.3 $ 22.6 Other comprehensive income (loss), net of tax Activity related to the Company’s derivative instruments not designated as hedging instruments was immaterial during the 12 and 40 weeks ended December 1, 2018 and December 2, 2017

Long-term Debt and Capitalized

Long-term Debt and Capitalized Lease Obligations	9 Months Ended
	Dec. 01, 2018
Debt Disclosure [Abstract]
Long-term Debt and Capitalized Lease Obligations	LONG-TERM DEBT AND CAPITALIZED LEASE OBLIGATIONS The Company’s long-term debt as of December 1, 2018 and February 24, 2018 , net of unamortized debt discounts of $215.7 million and $249.6 million , respectively, and deferred financing costs of $58.9 million and $79.7 million , respectively, consisted of the following (in millions): December 1, February 24, Albertsons Term Loans due 2022 to 2025, interest rate range of 4.32% to 5.69% $ 4,614.6 $ 5,610.7 Senior Unsecured Notes due 2024 and 2025, interest rate of 6.625% and 5.750%, respectively 2,478.8 2,476.1 New Albertson's, L.P. Notes due 2027 to 2031, interest rate range of 6.52% to 8.70% 1,402.8 1,393.9 Safeway Inc. Notes due 2019 to 2031, interest rate range of 3.95% to 7.45% 944.4 1,266.9 ABL Facility, average interest rate of 3.60% 610.0 — Other Notes Payable, unsecured 124.0 242.7 Mortgage Notes Payable, secured 18.9 20.9 Total debt 10,193.5 11,011.2 Less current maturities (315.1 ) (66.1 ) Long-term portion $ 9,878.4 $ 10,945.1 The Company's term loans (the "Albertsons Term Loans"), asset-based loan ("ABL") facility (the "ABL Facility") and certain of the outstanding notes and debentures have restrictive covenants, subject to the right to cure in certain circumstances, calling for the acceleration of payments due in the event of a breach of a covenant or a default in the payment of a specified amount of indebtedness due under certain debt arrangements. There are no restrictions on the Company's ability to receive distributions from its subsidiaries to fund interest and principal payments due under the ABL Facility, the Albertsons Term Loans and the Company's senior unsecured notes (the "Senior Unsecured Notes"). Each of the ABL Facility, Albertsons Term Loans and the Senior Unsecured Notes restrict the ability of the Company to pay dividends and distribute property to the Company's stockholders. As a result, all of the Company's consolidated net assets are effectively restricted with respect to their ability to be transferred to the Company's stockholders. Notwithstanding the foregoing, the ABL Facility, Albertsons Term Loans and the Senior Unsecured Notes each contain customary exceptions for certain dividends and distributions, including the ability to make cumulative distributions under the Albertsons Term Loans and Senior Unsecured Notes of up to the greater of $1.0 billion or 4% of the Company's total assets (which is measured at the time of such distribution) and the ability to make distributions if certain payment conditions are satisfied under the ABL Facility. The Company was in compliance with all such covenants and provisions as of and for the 40 weeks ended December 1, 2018 . Term Loan Refinancing On November 16, 2018, the Company repaid approximately $976 million in aggregate principal amount of the $2,976 million term loan tranche B-4 (the "2017 Term Loan B-4") along with accrued interest and unpaid interest on such amount and fees and expenses related to the Term Loan Repayment and the 2018 Term Loan B-7 (each as defined below), for which the Company used approximately $610 million of cash on hand and approximately $410 million of borrowings under the ABL Facility (such repayment, the "Term Loan Repayment"). Substantially concurrently with the Term Loan Repayment, the Company amended the Company's Second Amended and Restated Term Loan Agreement, dated as of August 25, 2014 and effective as of January 30, 2015 (as amended, the "Term Loan Agreement"), to establish a new term loan tranche and amend certain provisions of the Term Loan Agreement. The new tranche consists of $2,000 million of new term B-7 loans (the "2018 Term Loan B-7"). The 2018 Term Loan B-7, together with cash on hand, was used to repay in full the remaining principal amount outstanding under the 2017 Term Loan B-4 (the "2018 Term Loan Refinancing"). The 2018 Term Loan Refinancing was accounted for as a debt modification or extinguishment on a lender by lender basis. In connection with the 2018 Term Loan Refinancing and Term Loan Repayment, the Company expensed $4.1 million of financing costs and capitalized $3.6 million of financing costs and $15.0 million of original issue discount. The Company also wrote off $12.9 million of deferred financing costs and $8.6 million of original issue discount associated with the 2017-1 Term B-4 Loan. The 2018 Term Loan B-7 has a maturity date of November 17, 2025. The 2018 Term Loan B-7 amortizes, on a quarterly basis, at a rate of 1% per annum of the original principal amount of the 2018 Term Loan B-7 (which payments will be reduced as a result of the application of prepayments in accordance with the terms therewith). The 2018 Term Loan B-7 bears interest, at the borrower's option, at a rate per annum equal to either (a) the base rate plus 2.00% or (b) LIBOR (subject to a 0.75% floor) plus 3.00% . Safeway Notes During the third quarter of fiscal 2018, Safeway Inc., a wholly-owned subsidiary of the Company, repurchased certain amounts of Safeway Inc.'s 7.450% Senior Debentures due 2027 and 7.250% Debentures due 2031 with a par value of $333.7 million and a book value of $322.4 million for $333.7 million plus accrued interest of $7.7 million ("Safeway Notes Repurchase"). In connection with the Safeway Notes Repurchase, the Company recorded a loss on debt extinguishment of $11.3 million . NALP Notes During the third quarter of fiscal 2018, the Company repurchased NALP Notes with a par value of $10.4 million and a book value of $10.4 million for $8.6 million plus accrued interest of $0.2 million ("NALP Notes Repurchase"). In connection with the NALP Notes Repurchase, the Company recorded a gain on debt extinguishment of $1.8 million . Asset-Based Loan Facility On November16, 2018, the existing ABL Facility was amended and restated in connection with the 2018 Term Loan Refinancing to extend the maturity date of the facility to November 16, 2023. All other terms of the agreement remain unchanged. In connection with the ABL Facility amendment the Company capitalized $13.5 million of financing costs. As of December 1, 2018 , there were $610.0 million of loans outstanding under the Company's ABL Facility, and letters of credit ("LOC") issued under the LOC sub-facility were $561.2 million . There were no loans outstanding under the Company's ABL Facility as of February 24, 2018 , and letters of credit ("LOC") issued under the LOC sub-facility were $576.8 million . Capitalized Lease Obligations The Company's capitalized lease obligations were $784.4 million and $864.6 million as of December 1, 2018 and February 24, 2018 , respectively. Current maturities of capitalized lease obligations were $97.5 million and $102.1 million and long-term maturities were $686.9 million and $762.5 million as of December 1, 2018 and February 24, 2018 , respectively. Merger Related Financing On June 25, 2018 the Company issued $750.0 million in aggregate principal amount of floating rate senior secured notes (the "Floating Rate Notes") at an issue price of 99.5% . As a result of the Termination Agreement with Rite Aid on August 8, 2018, the Company redeemed all of the Floating Rate Notes at a redemption price equal to 99.5%

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Dec. 01, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Pension and Other Post-Retirement Benefits The following tables provide the components of net pension and post-retirement expense (in millions): 12 weeks ended Pension Other post-retirement benefits December 1, December 2, December 1, December 2, Estimated return on plan assets $ (26.0 ) $ (27.6 ) $ — $ — Service cost 12.1 11.5 0.3 0.3 Interest cost 19.8 20.4 0.1 0.2 Amortization of prior service cost — — 0.8 0.8 Amortization of net actuarial (gain) loss (1.4 ) 0.1 (0.1 ) — Net expense $ 4.5 $ 4.4 $ 1.1 $ 1.3 40 weeks ended Pension Other post-retirement benefits December 1, December 2, December 1, December 2, Estimated return on plan assets $ (86.6 ) $ (92.0 ) $ — $ — Service cost 40.3 38.3 0.8 0.8 Interest cost 66.0 67.9 0.4 0.7 Amortization of prior service cost — 0.1 2.8 2.8 Amortization of net actuarial (gain) loss (4.8 ) 0.3 (0.2 ) — Net expense $ 14.9 $ 14.6 $ 3.8 $ 4.3 The Company contributed $186.4 million and $196.9 million to its defined benefit pension plans and post-retirement benefit plans during the 12 and 40 weeks ended December 1, 2018 , respectively. For the 12 and 40 weeks ended December 2, 2017 , the Company contributed $13.4 million and $19.8 million , respectively, to its defined benefit pension plans and post-retirement benefit plans. The Company's funding policy for the defined benefit pension plans is to contribute the minimum contribution required under the Employee Retirement Income Security Act of 1974, as amended, and other applicable laws as determined by the Company's external actuarial consultant. At the Company's discretion, additional funds may be contributed to the defined benefit pension plans. The Company's fiscal 2018 contributions include $150.0 million of additional discretionary contributions to reduce the Pension Benefit Guaranty Corporation premium costs and improve the overall funded status of the plan. The Company currently anticipates contributing an additional $2.5 million to these plans for the remainder of fiscal 2018. The Company also contributes to various multiemployer pension plans based on obligations arising from most of its collective bargaining agreements. These plans provide retirement benefits to participants based on their service to contributing employers. The Company recognizes expense in connection with these plans as contributions are funded. Defined Contribution Plans and Supplemental Retirement Plans Many of the Company's employees are eligible to contribute a percentage of their compensation to defined contribution plans ("401(k) Plans"). Participants in the 401(k) Plans may become eligible to receive a profit-sharing allocation in the form of a discretionary Company contribution based on employee compensation. In addition, the Company may also provide matching contributions based on the amount of eligible compensation contributed by the employee. All Company contributions to the 401(k) Plans are made at the discretion of the Company's Board of Directors. Total contributions expensed for these plans were $11.7 million and $9.4 million for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively. For the 40 weeks ended December 1, 2018 and December 2, 2017 , total contributions expensed were $32.2 million and $32.6 million

Commitments and Contingencies a

Commitments and Contingencies and Off Balance Sheet Arrangements	9 Months Ended
	Dec. 01, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies and Off Balance Sheet Arrangements	COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS Guarantees California Department of Industrial Relations: On October 24, 2012, the Office of Self-Insurance Plans, a program within the director's office of the California Department of Industrial Relations (the "DIR"), notified SuperValu, which was then the owner of New Albertsons L.P., a wholly-owned subsidiary of the Company, that additional collateral was required to be posted in connection with the Company's, and certain other subsidiaries', California self-insured workers’ compensation obligations pursuant to applicable regulations. The notice from the DIR stated that the additional collateral was required as a result of an increase in estimated future liabilities, as determined by the DIR pursuant to a review of the self-insured California workers' compensation claims with respect to the applicable businesses, and a decline in SuperValu’s net worth. On January 21, 2014, the Company entered into a Collateral Substitution Agreement with the California Self-Insurers' Security Fund to provide an irrevocable LOC. The amount of the LOC is adjusted semi-annually based on semi-annual filings of an actuarial study reflecting liabilities as of and June 30 and December 31 of each year reduced by claim closures and settlements. The related LOC was $183.0 million and $205.6 million as of December 1, 2018 and February 24, 2018 , respectively. Lease Guarantees: The Company may have liability under certain operating leases that were assigned to third parties. If any of these third parties fail to perform their obligations under the leases, the Company could be responsible for the lease obligation. Because of the wide dispersion among third parties and the variety of remedies available, the Company believes that if an assignee became insolvent, it would not have a material effect on the Company's financial condition, results of operations or cash flows. The Company also provides guarantees, indemnifications and assurances to others in the ordinary course of its business. Legal Proceedings The Company is subject from time to time to various claims and lawsuits arising in the ordinary course of business, including lawsuits involving trade practices, lawsuits alleging violations of state and/or federal wage and hour laws (including alleged violations of meal and rest period laws and alleged misclassification issues), real estate disputes as well as other matters. Some of these suits purport or may be determined to be class actions and/or seek substantial damages. It is the opinion of the Company's management that although the amount of liability with respect to certain of the matters described herein cannot be ascertained at this time, any resulting liability of these and other matters, including any punitive damages, will not have a material adverse effect on the Company's business or financial condition. The Company continually evaluates its exposure to loss contingencies arising from pending or threatened litigation and believes it has made provisions where the loss contingency can be reasonably estimated and an adverse outcome is probable. Nonetheless, assessing and predicting the outcomes of these matters involves substantial uncertainties. Management currently believes that the aggregate range of reasonably possible loss for the Company's exposure in excess of the amount accrued is expected to be immaterial to the Company. It remains possible that despite management's current belief, material differences in actual outcomes or changes in management’s evaluation or predictions could arise that could have a material effect on the Company's financial condition, results of operations or cash flows. Office of Inspector General: In January 2016, the Company received a subpoena from the Office of the Inspector General of the Department of Health and Human Services (the "OIG") pertaining to the pricing of drugs offered under the Company’s MyRxCare discount program and the impact on reimbursements to Medicare, Medicaid and TRICARE (the "Government Health Programs"). In particular, the OIG is requesting information on the relationship between the prices charged for drugs under the MyRxCare program and the "usual and customary" prices reported by the Company in claims for reimbursements to the Government Health Programs or other third-party payors. The Company cooperated with the OIG in the investigation. The Company is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. Civil Investigative Demand: On December 16, 2016, the Company received a civil investigative demand from the United States Attorney for the District of Rhode Island in connection with a False Claims Act investigation relating to the Company's influenza vaccination programs. The investigation concerns whether the Company's provision of store coupons to its customers who received influenza vaccinations in its store pharmacies constituted an improper benefit to those customers under the federal Medicare and Medicaid programs. The Company believes that its provision of the store coupons to its customers is an allowable incentive to encourage vaccinations. The Company cooperated with the U.S. Attorney in the investigation. The Company is currently unable to determine the probability of the outcome of this matter or the range of possible loss, if any. Security Breach: In 2014, the Company was the subject of criminal intrusions by the installation of malware on a portion of its computer network that processes payment card transactions for approximately 800 of its stores through its then service provide SuperValu. The Company believes these were attempts to collect payment card data. The forensic investigation into the intrusions indicated that although the Company was then compliant with the Payment Card Industry (PCI) Data Security Standards issued by the PCI Council, it was not compliant with all of these standards at the time of the intrusions. As a result, the Company was assessed by certain card companies for incremental counterfeit fraud losses, non-ordinary course expenses (such as card reissuance cost) and case management costs. The Company has paid or recorded an estimated liability for all of such assessments, and is seeking recovery from MasterCard of its assessment. As a result of the intrusion two class action complaints were filed against the Company by consumers. These complaints have been dismissed, although the appeal of the dismissal of one case remains pending. In 2015 the Company also received a letter from the Office of the Attorney General of the Commonwealth of Pennsylvania stating that the Illinois and Pennsylvania Attorneys General Offices were leading a multi-state group requesting specified information concerning the two data breach incidents. The Company has cooperated with the investigation. The multistate group did not make a monetary demand, and the Company is unable to estimate the possibility or range of loss, if any. Terraza/Lorenz: Two lawsuits have been brought against Safeway Inc. and the Safeway Benefits Plan Committee (the "Benefit Plans Committee," and together with Safeway, the "Safeway Benefits Plans Defendants") and other third parties alleging breaches of fiduciary duty under the Employee Retirement Income Security Act of 1974, as amended ("ERISA") with respect to Safeway’s 401(k) Plan (the "Safeway 401(k) Plan"). On July 14, 2016, a complaint ("Terraza") was filed in the United States District Court for the Northern District of California by a participant in the Safeway 401(k) Plan individually and on behalf of the Safeway 401(k) Plan. An amended complaint was filed on November 18, 2016. On August 25, 2016, a second complaint ("Lorenz") was filed in the United States District Court for the Northern District of California by another participant in the Safeway 401(k) Plan individually and on behalf of all others similarly situated against the Safeway Benefits Plans Defendants and against the Safeway 401(k) Plan’s former recordkeepers. An amended complaint was filed on September 16, 2016, and a second amended complaint was filed on November 21, 2016. In general, both lawsuits allege that the Safeway Benefits Plans Defendants breached their fiduciary duties under ERISA regarding the selection of investments offered under the Safeway 401(k) Plan and the fees and expenses related to those investments. The Safeway Benefits Plans Defendants filed motions to dismiss both cases. On March 13, 2017 , the court denied the Safeway Benefits Plan Defendants' motion to dismiss with respect to Terraza, and granted in part and denied in part the Safeway Benefits Plan Defendants' motion to dismiss with respect to Lorenz. Discovery closed on June 8, 2018. The parties filed summary judgment motions, which were heard and taken under submission on August 16, 2018. Bench trials for both matters had been set for October 2018, but the judge rescheduled both trials to May 6, 2019. The Company believes these lawsuits are without merit and intends to contest each of them vigorously. Because the question of liability, if any, is uncertain, the Company is currently unable to estimate a range of reasonably possible loss, if any, that may result from these matters False Claims Act : The Company is currently subject to two qui tam actions alleging violations of the False Claims Act ("FCA"). Violations of the FCA are subject to treble damages and penalties of up to a specified dollar amount per false claim. In United States ex rel. Schutte and Yarberry v. SuperValu, New Albertson's, Inc., et al, which is pending in the U.S. District Court for the Central District of Illinois, the relators allege that defendants (including various subsidiaries of the Company) overcharged federal healthcare programs by not providing the government, as a part of usual and customary prices, the benefit of discounts given to customers who requested that defendants match competitor prices. The complaint was originally filed under seal and amended on November 30, 2015. Both sides have moved for summary judgment, and motions are pending before the court. Discovery is substantially complete, and trial is currently set for April 3, 2019. In United States ex rel. Proctor v. Safeway , also pending in the Central District of Illinois, the relator alleges that Safeway Inc. submitted fraudulent, inflated pricing information to government healthcare programs in connection with prescription drug claims, by failing to include pharmacy discount program pricing as a part of its usual and customary prices. On August 26, 2015, the underlying complaint was unsealed. Discovery is substantially complete, and trial is currently set for March 4, 2019. In both of the above cases, the government previously investigated the relators' allegations and declined to intervene. Relators elected to pursue their respective cases on their own and in each case have alleged FCA damages in excess of $100 million . The Company is vigorously defending each of these matters and believes each of these cases is without merit. At this stage of each case's proceedings the Company is unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. The Company was also subject to another FCA qui tam action entitled United States ex rel. Zelickowski v. Albertson's LLC. In that case, the relators alleged that Albertson's LLC overcharged federal healthcare programs by not providing the government, as a part of its usual and customary prices to the government, the benefit of discounts given to customers who enrolled in the Albertson's LLC discount-club program. The complaint was originally filed under seal and amended on June 20, 2017. On December 17, 2018, the case was dismissed, without prejudice. Alaska Attorney General's Investigation: Recently, pharmaceutical manufacturers, wholesale distributors and retailers have faced intense scrutiny and, in some cases, investigations and litigation relating to the distribution of prescription opioid pain medications. On May 22, 2018, the Company received a subpoena from the Office of the Attorney General for the State of Alaska (the "Alaska Attorney General") stating that the Alaska Attorney General has reason to believe the Company has engaged in unfair or deceptive trade practices under Alaska’s Unfair Trade Practices and Consumer Act and seeking documents regarding the Company's policies, procedures, controls, training, dispensing practices and other matters in connection with the sale and marketing of opioid pain medications. The Company has been cooperating with the Alaska Attorney General in this investigation. The Company does not currently have a basis to believe it has violated Alaska’s Unfair Trade Practices and Consumer Act. However, due to the early stages of the investigation, the Company is unable to determine the probability of the outcome of this matter or estimate a range of reasonably possible loss, if any. Opioid Litigation: Albertson’s LLC has been named in a complaint brought by The Blackfeet Tribe of the Blackfeet Indian Reservation. The complaint was filed on August 29, 2018 in the United States District Court for the Northern District of Ohio as one of 62 cases consolidated under rules governing multidistrict litigation. The Company was served with the complaint on January 11, 2019. The complaint asserts unspecified allegations that the Company contributed to the national opioid situation. As a drug retailer that only dispenses medication as prescribed by licensed physicians, the Company believes that the claims are factually inaccurate and without merit. Other Commitments

Other Comprehensive Income or L

Other Comprehensive Income or Loss	9 Months Ended
	Dec. 01, 2018
Equity [Abstract]
Other Comprehensive Income or Loss	OTHER COMPREHENSIVE INCOME OR LOSS Total comprehensive earnings are defined as all changes in stockholders' equity during a period, other than those from investments by or distributions to the stockholders. Generally, for the Company, total comprehensive income or loss equals net income plus or minus adjustments for pension and other post-retirement liabilities, interest rate swaps and foreign currency translation adjustments. Total comprehensive earnings represent the activity for a period net of tax. While total comprehensive earnings are the activity in a period and are largely driven by net earnings in that period, accumulated other comprehensive income or loss ("AOCI") represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. Changes in the AOCI balance by component are shown below (in millions): 40 weeks ended December 1, 2018 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ 191.1 $ 18.9 $ 171.9 $ (1.1 ) $ 1.4 Other comprehensive income (loss) before reclassifications 3.8 5.5 — (0.4 ) (1.3 ) Amounts reclassified from accumulated other comprehensive income (2.5 ) 0.4 (2.2 ) — (0.7 ) Tax (expense) benefit (0.3 ) (1.6 ) 0.6 0.1 0.6 Current-period other comprehensive income (loss), net 1.0 4.3 (1.6 ) (0.3 ) (1.4 ) Ending balance $ 192.1 $ 23.2 $ 170.3 $ (1.4 ) $ — 40 weeks ended December 2, 2017 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ (12.8 ) $ (28.1 ) $ 79.7 $ (66.1 ) $ 1.7 Other comprehensive income before reclassifications 32.4 4.8 2.2 23.7 1.7 Amounts reclassified from accumulated other comprehensive income 25.7 27.9 2.8 — (5.0 ) Tax (expense) benefit (18.8 ) (10.1 ) 1.0 (9.4 ) (0.3 ) Current-period other comprehensive income (loss), net 39.3 22.6 6.0 14.3 (3.6 ) Ending balance $ 26.5 $ (5.5 ) $ 85.7 $ (51.8 ) $ (1.9 )

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim Condensed Consolidated Financial Statements include the accounts of Albertsons Companies, Inc. and its subsidiaries (the "Company"). All significant intercompany balances and transactions were eliminated. The Condensed Consolidated Balance Sheet as of February 24, 2018 is derived from the Company's annual audited Consolidated Financial Statements for the fiscal year ended February 24, 2018 , which should be read in conjunction with these Condensed Consolidated Financial Statements and which are included in the Company's Annual Report on Form 10-K. Certain information in footnote disclosures normally included in annual financial statements was condensed or omitted for the interim periods presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, the interim data includes all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The interim results of operations and cash flows are not necessarily indicative of those results and cash flows expected for the year. The Company ’s results of operations are for the 12 and 40 weeks ended December 1, 2018 and December 2, 2017
Prior Period Reclassifications	Prior Period Reclassifications
Restricted cash	Restricted cash: Restricted cash is included in Other current assets or Other assets depending on the remaining term of the restriction and primarily relates to funds held in escrow.
Inventories, net	Inventories, net: Substantially all of the Company’s inventories consist of finished goods valued at the lower of cost or market and net of vendor allowances. The Company uses either item-cost or the retail inventory method to value inventory at lower of cost or market before application of any last-in, first-out ("LIFO") reserve. Interim LIFO inventory costs are based on management's estimates of expected year-end inventory levels and inflation rates.
Equity-based compensation	Equity-based compensation: The Company maintains the Albertsons Companies, Inc. Phantom Unit Plan (the "Phantom Unit Plan"), an equity-based incentive plan, which provides for grants of Phantom Units to certain employees, directors and consultants. Each Phantom Unit provides the participant with a contractual right to receive, upon vesting, one management incentive unit in each of the Company's parents, Albertsons Investor Holdings LLC and KIM ACI, LLC, that collectively own all of the outstanding shares of the Company. The Phantom Units vest over a service period, or upon a combination of both a service period and achievement of certain performance-based thresholds. The fair value of the Phantom Units is determined using an option pricing model, adjusted for lack of marketability and using an expected term or time to liquidity based on judgments made by management.
Income taxes	Income taxes: On December 22, 2017, the President signed the Tax Cuts and Jobs Act (the "Tax Act") into law, which enacted significant changes to U.S. income tax and related laws. Among other things, the Tax Act reduces the top U.S. corporate income tax rate from 35% to 21%, and makes changes to certain other business-related exclusions, deductions and credits. Also on December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 ("SAB 118") to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for income tax effects of the Tax Act. SAB 118 allows the Company to record provisional amounts during a measurement period not to extend beyond one year from the date of enactment. The Tax Act was effective in the fourth quarter of fiscal 2017, during which the Company recorded a provisional tax benefit of $430.4 million . The Company recorded additional provisional benefit of $60.3 million during the 40 weeks ended December 1, 2018, primarily to account for refinement of the transition tax, and the remeasurement of deferred taxes. As of December 1, 2018 , the Company had not completed its accounting for the Tax Act. The Company continues to analyze the Tax Act and refine its calculations, which could impact the measurement of its tax balances. The Company expects to complete its analysis in the fourth quarter of fiscal 2018 in accordance with SAB 118. Income tax benefit was $65.4 million and $523.5 million for the 12 weeks ended December 1, 2018 and December 2, 2017 , respectively. Income tax benefit was $80.3 million and $590.8 million for the 40 weeks ended December 1, 2018 and December 2, 2017 , respectively. The tax benefit in fiscal 2018 was primarily driven by the Company’s provisional SAB 118 adjustment of $60.3 million . The tax benefit in fiscal 2017 was primarily driven by the Company's corporate reorganization and the related non-cash reversal of a valuation allowance against net deferred tax assets. Prior to the fourth quarter of fiscal 2017, the Company was organized as a limited liability company and conducted its operations primarily through limited liability companies and Subchapter C corporations. As such, the Company's effective tax rate in periods prior to the corporate reorganization was largely driven by the mix of pre-tax income or loss between our taxable and nontaxable entities.
Segments	Segments : The Company and its subsidiaries offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through eCommerce channels. The Company's operating divisions are geographically based, have similar economic characteristics and similar expected long-term financial performance. The Company's operating segments and reporting units are its 13 divisions, which have been aggregated into one reportable segment. Each reporting unit constitutes a business for which discrete financial information is available and for which management regularly reviews the operating results. Across all operating segments, the Company operates primarily one
Revenue Recognition	Revenue Recognition: Revenues from the retail sale of products are recognized at the point of sale to the customer, net of returns and sales tax. Pharmacy sales are recorded upon the customer receiving the prescription. Third party receivables from pharmacy sales were $246.1 million and $205.5 million as of December 1, 2018 and February 24, 2018 , respectively, and are recorded in Receivables, net. For eCommerce related sales, which primarily includes home delivery, "Drive Up and Go" stores and meal kit delivery, revenues are recognized upon either pickup in store or delivery to the customer and may include revenue for separately charged delivery services. Discounts provided to customers by the Company at the time of sale are recognized as a reduction in sales as the products are sold. Discounts provided to customers by vendors, usually in the form of coupons, are not recognized as a reduction in sales, provided the coupons are redeemable at any retailer that accepts coupons. The Company recognizes revenue and records a corresponding receivable from the vendor for the difference between the sales prices and the cash received from the customer. The Company records a contract liability when rewards are earned by customers in connection with the Company's loyalty programs. As rewards are redeemed or expire, the Company reduces the contract liability and recognizes revenue.
Recently adopted and issued accounting standards	Recently adopted accounting standards: In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, " Revenue from Contracts with Customers (Topic 606)". The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted this guidance in the first quarter of fiscal 2018 on a modified retrospective basis, including implementing changes to processes and controls to comply with the new disclosure requirements. The adoption of this standard resulted in a decrease to accumulated deficit of $5.8 million . The adjustment relates to breakage on the unredeemed portion of the Company's gift cards, which are now recognized in proportion to customer redemptions of gift cards, rather than waiting until the likelihood of redemption becomes remote. Similar to previous guidance, in certain third-party arrangements where the Company had previously determined it acts as a principal versus an agent, the Company will continue to record revenue for these arrangements on a gross basis under the new guidance. In March 2017, the FASB issued ASU 2017-07, " Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ." The Company adopted this guidance in the first quarter of fiscal 2018 on a retrospective basis. This ASU requires an employer to report the service cost component of net pension and post-retirement expense in the same line as other compensation costs from services rendered by employees during the period. Other components of net pension and post-retirement expense are required to be presented in the income statement separately from the service cost component. For the 12 and 40 weeks ended December 2, 2017 , the Company reclassified $6.1 million and $20.3 million , respectively, of non-service pension and post-retirement cost components to Other (income) expense from Selling and administrative expenses. In November 2016, the FASB issued ASU 2016-18, " Statement of Cash Flows - Restricted Cash (Topic 230)". The Company adopted this guidance in the first quarter of fiscal 2018 on a retrospective basis. The new guidance requires that restricted cash be added to Cash and cash equivalents when reconciling the beginning and ending amounts on the Condensed Consolidated Statements of Cash Flows. The guidance also requires entities that report cash and cash equivalents and restricted cash separately on the Condensed Consolidated Balance Sheets to reconcile those amounts to the Condensed Consolidated Statements of Cash Flows. For the 40 weeks ended December 2, 2017 , the adoption of this standard resulted in a decrease to Net cash used in investing activities and an increase to Net increase (decrease) in cash and cash equivalents and restricted cash of $1.4 million . The following table provides a reconciliation of the amount of Cash and cash equivalents reported on the Condensed Consolidated Balance Sheets to the total of Cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (in millions): December 1, December 2, Cash and cash equivalents $ 462.6 $ 473.3 Restricted cash 23.5 11.3 Cash and cash equivalents and restricted cash $ 486.1 $ 484.6 In August 2017, the FASB issued ASU 2017-12, " Derivatives and Hedging (Topic 815)" . The new guidance more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The guidance expands hedge accounting for both nonfinancial and financial risk components and refines the measurement of hedge results to better reflect an entity’s hedging strategies. The Company elected to early adopt this ASU beginning the first day of fiscal 2018. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01, " Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" . The ASU is intended to improve the recognition and measurement of financial instruments. The Company adopted this guidance in the first quarter of fiscal 2018. The new guidance requires equity investments, other than those accounted for under the equity method, to be measured at fair value, with changes in fair value recognized in net income. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-15, " Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)" . The ASU is intended to improve the recognition and measurement of financial instruments. The new guidance aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company elected to early adopt this ASU in the second quarter of fiscal 2018 on a prospective basis. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Recently issued accounting standards: In February 2016, the FASB issued ASU 2016-02, " Leases (Topic 842) ". The ASU will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The new guidance will require both classifications of leases, operating and capital, to be recognized on the balance sheet. Consistent with current GAAP, the recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on its classification. The ASU also will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The Company plans to adopt this guidance in the first quarter of fiscal 2019. The Company plans to apply the practical expedients permitted within the guidance, which allows the Company to carryforward its historical lease classification, and to apply the transition option which does not require application of the guidance to comparative periods in the year of adoption. The adoption of this ASU will result in the recognition of significant right-of-use assets and lease liabilities in the Company’s Consolidated Balance Sheets. The Company has formed a dedicated project team and developed a comprehensive multi-stage project plan to assess and implement this ASU. This assessment includes reviewing all forms of leases and leveraging a technology solution in implementing the new ASU. The preparation for adoption is ongoing, including the assessment of other potential impacts of this ASU, which includes analysis of the potential transitional adjustments to Stockholders' equity and impact of adoption on the Consolidated Statements of Operations and the Consolidated Statements of Cash Flows. In February 2018, the FASB issued ASU 2018-02, " Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ". This ASU amends ASC 220, " Income Statement - Reporting Comprehensive Income"

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sales Revenue by Type of Similar Products	The following table represents sales revenue by type of similar product (dollars in millions): 12 weeks ended 40 weeks ended December 1, December 2, December 1, December 2, Amount (1) % of Total Amount (1) % of Total Amount (1) % of Total Amount (1) % of Total Non-perishables (2) $ 6,032.9 43.6 % $ 6,039.9 44.4 % $ 20,186.0 43.4 % $ 20,278.6 44.3 % Perishables (3) 5,596.5 40.5 % 5,453.1 40.2 % 19,099.1 41.0 % 18,783.6 40.9 % Pharmacy 1,194.5 8.6 % 1,187.1 8.7 % 3,847.0 8.3 % 3,858.2 8.4 % Fuel 831.3 6.0 % 739.6 5.4 % 2,785.4 6.0 % 2,399.3 5.2 % Other (4) 185.2 1.3 % 179.5 1.3 % 600.4 1.3 % 571.2 1.2 % Net sales and other revenue $ 13,840.4 100.0 % $ 13,599.2 100.0 % $ 46,517.9 100.0 % $ 45,890.9 100.0 % (1) eCommerce related sales are included in the categories to which the revenue pertains. (2) Consists primarily of general merchandise, grocery and frozen foods. (3) Consists primarily of produce, dairy, meat, deli, floral and seafood.
Schedule of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of the amount of Cash and cash equivalents reported on the Condensed Consolidated Balance Sheets to the total of Cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (in millions): December 1, December 2, Cash and cash equivalents $ 462.6 $ 473.3 Restricted cash 23.5 11.3 Cash and cash equivalents and restricted cash $ 486.1 $ 484.6

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 01, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents assets and liabilities which were measured at fair value on a recurring basis as of December 1, 2018 (in millions): Fair Value Measurements Total Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Assets: Cash equivalents: Money market $ 44.0 $ 44.0 $ — $ — Short-term investments (1) 23.2 21.1 2.1 — Non-current investments (2) 89.1 36.9 52.2 — Derivative contracts (3) 3.4 — 3.4 — Total $ 159.7 $ 102.0 $ 57.7 $ — Liabilities: Contingent consideration (4) $ 19.9 $ — $ — $ 19.9 Total $ 19.9 $ — $ — $ 19.9 (1) Primarily relates to Mutual Funds. Included in Other current assets. (2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets. (3) Primarily relates to interest rate swaps. Included in Other current assets. (4) Included in Other long-term liabilities. The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 24, 2018 (in millions): Fair Value Measurements Total Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Assets: Cash equivalents: Money market $ 198.0 $ 198.0 $ — $ — Short-term investments (1) 24.5 22.1 2.4 — Non-current investments (2) 91.2 40.2 51.0 — Total $ 313.7 $ 260.3 $ 53.4 $ — Liabilities: Derivative contracts (3) $ 11.8 $ — $ 11.8 $ — Contingent consideration (4) 60.0 — — 60.0 Total $ 71.8 $ — $ 11.8 $ 60.0 (1) Primarily relates to Mutual Funds. Included in Other current assets. (2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets. (3) Primarily relates to interest rate swaps. Included in Other current liabilities.
Reconciliation of Level 3 Liabilities	A reconciliation of the beginning and ending balances for Level 3 liabilities follows (in millions): Contingent Consideration December 1, 2018 Beginning balance $ 60.0 Change in fair value (39.4 ) Payments (0.7 ) Ending balance $ 19.9

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Dec. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments Designated as Cash Flow Hedges	Activity related to the Company’s derivative instruments designated as cash flow hedges consisted of the following (in millions): Amount of income recognized from derivatives Derivatives designated as hedging instruments 12 weeks ended December 1, 2018 12 weeks ended December 2, 2017 Location of income recognized from derivatives Designated interest rate swaps $ 0.9 $ 22.2 Other comprehensive income (loss), net of tax Amount of income recognized from derivatives Derivatives designated as hedging instruments 40 weeks ended December 1, 2018 40 weeks ended December 2, 2017 Location of income recognized from derivatives Designated interest rate swaps $ 4.3 $ 22.6 Other comprehensive income (loss), net of tax

Long-term Debt and Capitalize_2

Long-term Debt and Capitalized Lease Obligations (Tables)	9 Months Ended
	Dec. 01, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The Company’s long-term debt as of December 1, 2018 and February 24, 2018 , net of unamortized debt discounts of $215.7 million and $249.6 million , respectively, and deferred financing costs of $58.9 million and $79.7 million , respectively, consisted of the following (in millions): December 1, February 24, Albertsons Term Loans due 2022 to 2025, interest rate range of 4.32% to 5.69% $ 4,614.6 $ 5,610.7 Senior Unsecured Notes due 2024 and 2025, interest rate of 6.625% and 5.750%, respectively 2,478.8 2,476.1 New Albertson's, L.P. Notes due 2027 to 2031, interest rate range of 6.52% to 8.70% 1,402.8 1,393.9 Safeway Inc. Notes due 2019 to 2031, interest rate range of 3.95% to 7.45% 944.4 1,266.9 ABL Facility, average interest rate of 3.60% 610.0 — Other Notes Payable, unsecured 124.0 242.7 Mortgage Notes Payable, secured 18.9 20.9 Total debt 10,193.5 11,011.2 Less current maturities (315.1 ) (66.1 ) Long-term portion $ 9,878.4 $ 10,945.1

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Dec. 01, 2018
Retirement Benefits [Abstract]
Schedule of Components of Net Pension and Post-retirement Expense	The following tables provide the components of net pension and post-retirement expense (in millions): 12 weeks ended Pension Other post-retirement benefits December 1, December 2, December 1, December 2, Estimated return on plan assets $ (26.0 ) $ (27.6 ) $ — $ — Service cost 12.1 11.5 0.3 0.3 Interest cost 19.8 20.4 0.1 0.2 Amortization of prior service cost — — 0.8 0.8 Amortization of net actuarial (gain) loss (1.4 ) 0.1 (0.1 ) — Net expense $ 4.5 $ 4.4 $ 1.1 $ 1.3 40 weeks ended Pension Other post-retirement benefits December 1, December 2, December 1, December 2, Estimated return on plan assets $ (86.6 ) $ (92.0 ) $ — $ — Service cost 40.3 38.3 0.8 0.8 Interest cost 66.0 67.9 0.4 0.7 Amortization of prior service cost — 0.1 2.8 2.8 Amortization of net actuarial (gain) loss (4.8 ) 0.3 (0.2 ) — Net expense $ 14.9 $ 14.6 $ 3.8 $ 4.3

Other Comprehensive Income or_2

Other Comprehensive Income or Loss (Tables)	9 Months Ended
	Dec. 01, 2018
Equity [Abstract]
Schedule of Changes in the Accumulated Other Comprehensive Income or Loss	Changes in the AOCI balance by component are shown below (in millions): 40 weeks ended December 1, 2018 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ 191.1 $ 18.9 $ 171.9 $ (1.1 ) $ 1.4 Other comprehensive income (loss) before reclassifications 3.8 5.5 — (0.4 ) (1.3 ) Amounts reclassified from accumulated other comprehensive income (2.5 ) 0.4 (2.2 ) — (0.7 ) Tax (expense) benefit (0.3 ) (1.6 ) 0.6 0.1 0.6 Current-period other comprehensive income (loss), net 1.0 4.3 (1.6 ) (0.3 ) (1.4 ) Ending balance $ 192.1 $ 23.2 $ 170.3 $ (1.4 ) $ — 40 weeks ended December 2, 2017 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ (12.8 ) $ (28.1 ) $ 79.7 $ (66.1 ) $ 1.7 Other comprehensive income before reclassifications 32.4 4.8 2.2 23.7 1.7 Amounts reclassified from accumulated other comprehensive income 25.7 27.9 2.8 — (5.0 ) Tax (expense) benefit (18.8 ) (10.1 ) 1.0 (9.4 ) (0.3 ) Current-period other comprehensive income (loss), net 39.3 22.6 6.0 14.3 (3.6 ) Ending balance $ 26.5 $ (5.5 ) $ 85.7 $ (51.8 ) $ (1.9 )

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	Dec. 17, 2018USD ($)property	Nov. 09, 2018USD ($)shares	Aug. 16, 2018USD ($)property	Dec. 01, 2018USD ($)store_formatshares	Feb. 24, 2018USD ($)	Dec. 02, 2017USD ($)	Dec. 01, 2018USD ($)divisionstore_formatsegmentshares	Dec. 02, 2017USD ($)	Nov. 16, 2018USD ($)	Feb. 25, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash				$ 23.5	$ 10.5	$ 11.3	$ 23.5	$ 11.3
LIFO expense (benefit)				2.8		0.4	15.7	24
Equity-based compensation expense				9.9		6.5	35.5	24.6
Income tax benefit from compensation expense				2.7		1.3	9.6	5
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payments for repurchased of common stock				25.8			25.8	0
Receivables, net				566.9	615.3		566.9
Number of properties sold and leaseback | property			2
Proceeds from financing leases			$ 290				0	99.9
Lease term of sale-leaseback			20 years
Annual rental payment			$ 17
Annual rent increase percentage			1.50%
Other expense (income)				(28.3)		15.4	(88.3)	20.1
Selling and administrative expenses				3,678		3,725.7	12,337	12,509
Decrease in net cash used in investing activities							(360.6)	(614.4)
Increase in cash, cash equivalents, and restricted cash from adoption of new accounting principle							(194.7)	(744.5)
Provisional tax benefit as a result of the Tax Act					430.4		60.3
Income tax benefit				$ 65.4		$ 523.5	$ 80.3	590.8
Number of divisions | division							13
Number of reportable segments | segment							1
Number of store format | store_format				1			1
Contract liability related to gift cards				$ 58.2	55.6		$ 58.2
ASU 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other expense (income)				6.1			20.3
Selling and administrative expenses				6.1			20.3
ASU 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in net cash used in investing activities								1.4
Increase in cash, cash equivalents, and restricted cash from adoption of new accounting principle								$ 1.4
Retained earnings | ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adopting new accounting principle										$ 5.8
Pharmacy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net				$ 246.1	$ 205.5		246.1
Common stock
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of shares repurchased | shares				1,772,018
Phantom units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of share-based units issued during period | shares		1,281,416
Compensation cost not yet recognized				$ 71.5			$ 71.5
Number of unvested Phantom units | shares				2,700,000			2,700,000
Period for recognition of unrecognized compensation cost							2 years 2 months 12 days
Line of credit | Asset-Based Loan Facility
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing costs capitalized									$ 13.5
Subsequent event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of properties sold and leaseback | property	5
Proceeds from financing leases	$ 660
Annual rental payment	$ 38
Subsequent event | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term of sale-leaseback	15 years
Annual rent increase percentage	1.50%
Subsequent event | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term of sale-leaseback	20 years
Annual rent increase percentage	1.75%
Time-based vesting | Phantom units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of share-based units granted during period | shares		948,254
Aggregate grant date value of shares granted		$ 30.3
Performance-based vesting | Phantom units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of share-based units issued during period | shares		333,162

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Sales Revenue by Similar Products (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
Concentration Risk [Line Items]
Net sales and other revenue	$ 13,840.4	$ 13,599.2	$ 46,517.9	$ 45,890.9
Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 13,840.4	$ 13,599.2	$ 46,517.9	$ 45,890.9
Percentage of total net sales and other revenue	100.00%	100.00%	100.00%	100.00%
Non-perishables | Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 6,032.9	$ 6,039.9	$ 20,186	$ 20,278.6
Percentage of total net sales and other revenue	43.60%	44.40%	43.40%	44.30%
Perishables | Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 5,596.5	$ 5,453.1	$ 19,099.1	$ 18,783.6
Percentage of total net sales and other revenue	40.50%	40.20%	41.00%	40.90%
Pharmacy | Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 1,194.5	$ 1,187.1	$ 3,847	$ 3,858.2
Percentage of total net sales and other revenue	8.60%	8.70%	8.30%	8.40%
Fuel | Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 831.3	$ 739.6	$ 2,785.4	$ 2,399.3
Percentage of total net sales and other revenue	6.00%	5.40%	6.00%	5.20%
Other | Sales Revenue, Product Line | Product Concentration Risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 185.2	$ 179.5	$ 600.4	$ 571.2
Percentage of total net sales and other revenue	1.30%	1.30%	1.30%	1.20%

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018	Dec. 02, 2017	Feb. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 462.6	$ 670.3	$ 473.3
Restricted cash	23.5	10.5	11.3
Cash and cash equivalents and restricted cash	$ 486.1	$ 680.8	$ 484.6	$ 1,229.1

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018
Assets:
Short-term investments	$ 23.2	$ 24.5
Non-current investments	89.1	91.2
Derivative contracts	3.4
Total	159.7	313.7
Liabilities:
Derivative liability		11.8
Contingent consideration	19.9	60
Total	19.9	71.8
Quoted prices in active markets for identical assets (Level 1)
Assets:
Short-term investments	21.1	22.1
Non-current investments	36.9	40.2
Derivative contracts	0
Total	102	260.3
Liabilities:
Derivative liability		0
Contingent consideration	0	0
Total	0	0
Significant observable inputs (Level 2)
Assets:
Short-term investments	2.1	2.4
Non-current investments	52.2	51
Derivative contracts	3.4
Total	57.7	53.4
Liabilities:
Derivative liability		11.8
Contingent consideration	0	0
Total	0	11.8
Significant unobservable inputs (Level 3)
Assets:
Short-term investments	0	0
Non-current investments	0	0
Derivative contracts	0
Total	0	0
Liabilities:
Derivative liability		0
Contingent consideration	19.9	60
Total	19.9	60
Money market
Assets:
Money market	44	198
Money market | Quoted prices in active markets for identical assets (Level 1)
Assets:
Money market	44	198
Money market | Significant observable inputs (Level 2)
Assets:
Money market	0	0
Money market | Significant unobservable inputs (Level 3)
Assets:
Money market	$ 0	$ 0

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Level 3 Liabilities (Details) - Contingent consideration $ in Millions	9 Months Ended
	Dec. 01, 2018USD ($)
A reconciliation of the beginning and ending balances of Level 3 liabilities
Beginning balance	$ 60
Change in fair value	(39.4)
Payments	(0.7)
Ending balance	$ 19.9

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total debt amount	$ 9,975.7	$ 10,603.4
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total debt amount	$ 10,468.1	$ 11,340.5

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - Cash flow hedging - Designated as hedging instrument $ in Millions	Jun. 20, 2018USD ($)derivative	Dec. 01, 2018USD ($)	Feb. 24, 2018USD ($)
Interest rate swaps
Derivative [Line Items]
Aggregate notional amounts of interest swaps		$ 3,110	$ 3,052
Number of derivative instruments entered | derivative	2
Interest rate swaps | Other Current Asset
Derivative [Line Items]
Derivative asset		$ 3.4
Interest rate swaps | Other Current Liabilities
Derivative [Line Items]
Derivative liability			$ 13
Interest rate swap, one
Derivative [Line Items]
Aggregate notional amounts of interest swaps	$ 339
Interest rate swap, two
Derivative [Line Items]
Aggregate notional amounts of interest swaps	$ 254

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
Interest rate swaps | Designated as hedging instrument | Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income recognized from derivatives	$ 0.9	$ 22.2	$ 4.3	$ 22.6

Long-term Debt and Capitalize_3

Long-term Debt and Capitalized Lease Obligations - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018
Debt Instrument [Line Items]
Unamortized debt discounts	$ 215.7	$ 249.6
Deferred financing costs	58.9	79.7
Total debt	10,193.5	11,011.2
Less current maturities	(315.1)	(66.1)
Long-term portion	9,878.4	10,945.1
Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 4.32% to 5.69%
Debt Instrument [Line Items]
Total debt	4,614.6	5,610.7
Senior notes | Senior Unsecured Notes due 2024 and 2025, interest rate of 6.625% and 5.750%, respectively
Debt Instrument [Line Items]
Total debt	$ 2,478.8	2,476.1
Senior notes | Albertsons Senior Unsecured Notes due 2024, interest rate of 6.625%
Debt Instrument [Line Items]
Stated interest rate percentage	6.625%
Senior notes | Albertsons Senior Unsecured Notes due 2025, interest rate 5.750%
Debt Instrument [Line Items]
Stated interest rate percentage	5.75%
Notes payable | New Albertson's, L.P. Notes due 2027 to 2031, interest rate range of 6.52% to 8.70%
Debt Instrument [Line Items]
Total debt	$ 1,402.8	1,393.9
Notes payable | Safeway Inc. Notes due 2019 to 2031, interest rate range of 3.95% to 7.45%
Debt Instrument [Line Items]
Total debt	944.4	1,266.9
Line of credit | ABL Facility, average interest rate of 3.60%
Debt Instrument [Line Items]
Total debt	$ 610	0
Average interest rate percentage	3.60%
Other notes payable | Other Notes Payable, unsecured
Debt Instrument [Line Items]
Total debt	$ 124	242.7
Mortgage notes payable | Mortgage Notes Payable, secured
Debt Instrument [Line Items]
Total debt	$ 18.9	$ 20.9
Minimum | Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 4.32% to 5.69%
Debt Instrument [Line Items]
Stated interest rate percentage	4.32%
Minimum | Notes payable | New Albertson's, L.P. Notes due 2027 to 2031, interest rate range of 6.52% to 8.70%
Debt Instrument [Line Items]
Stated interest rate percentage	6.52%
Minimum | Notes payable | Safeway Inc. Notes due 2019 to 2031, interest rate range of 3.95% to 7.45%
Debt Instrument [Line Items]
Stated interest rate percentage	3.95%
Maximum | Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 4.32% to 5.69%
Debt Instrument [Line Items]
Stated interest rate percentage	5.69%
Maximum | Notes payable | New Albertson's, L.P. Notes due 2027 to 2031, interest rate range of 6.52% to 8.70%
Debt Instrument [Line Items]
Stated interest rate percentage	8.70%
Maximum | Notes payable | Safeway Inc. Notes due 2019 to 2031, interest rate range of 3.95% to 7.45%
Debt Instrument [Line Items]
Stated interest rate percentage	7.45%

Long-term Debt and Capitalize_4

Long-term Debt and Capitalized Lease Obligations - Narrative (Details) - USD ($)	Nov. 16, 2018	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017	Feb. 24, 2018	Jun. 27, 2017
Debt Instrument [Line Items]
Debt covenant - maximum cumulative distributions limit as a percentage of total assets		4.00%		4.00%
Carrying amount of debt		$ 10,193,500,000		$ 10,193,500,000		$ 11,011,200,000
Unamortized debt discounts		215,700,000		215,700,000		249,600,000
gain (loss) on debt extinguishment		(9,500,000)	$ 5,000,000	(9,500,000)	$ 5,000,000
Outstanding balance on letters of credit		183,000,000		183,000,000		205,600,000
Capitalized lease obligations		784,400,000		784,400,000		864,600,000
Current maturities of capitalized lease obligations		97,500,000		97,500,000		102,100,000
Long-term maturities of capitalized lease obligations		686,900,000		686,900,000		762,500,000
LOC Sub-facility
Debt Instrument [Line Items]
Outstanding balance on letters of credit		561,200,000		561,200,000		576,800,000
Secured debt | 2018 Term B-7 Loan
Debt Instrument [Line Items]
Face amount of debt instrument	$ 2,000,000,000
Financing costs expensed	4,100,000
Financing costs capitalized	3,600,000
Unamortized debt discounts	$ 15,000,000
Percentage of amortization of principal amount	1.00%
Secured debt | New Term B-4 Loan
Debt Instrument [Line Items]
Repayments of debt	$ 976,000,000
Carrying amount of debt							$ 2,976,000,000
Repayment of debt with cash on hand	610,000,000
Write off of deferred debt issuance cost	12,900,000
Write off of debt discounts	8,600,000
Line of credit | Asset-Based Loan Facility
Debt Instrument [Line Items]
Carrying amount of debt		610,000,000		610,000,000		0
Proceeds from lines of credit	410,000,000
Financing costs capitalized	$ 13,500,000
Outstanding balance on line of credit		610,000,000		610,000,000		$ 0
Maximum
Debt Instrument [Line Items]
Debt covenant - maximum cumulative distributions limit		1,000,000,000		1,000,000,000
Base Rate [Member] | Secured debt | 2018 Term B-7 Loan
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
LIBOR | Secured debt | 2018 Term B-7 Loan
Debt Instrument [Line Items]
Floor percentage on variable rate	0.75%
Basis spread on variable rate	3.00%
Notes payable | Safeway Notes Repurchase
Debt Instrument [Line Items]
Carrying amount of debt		322,400,000		322,400,000
Par value of debt repurchased		333,700,000		333,700,000
Amount of debt repurchase amount		333,700,000		333,700,000
Interest expense on debt		7,700,000
gain (loss) on debt extinguishment		(11,300,000)
Notes payable | NALP Notes Repurchase
Debt Instrument [Line Items]
Carrying amount of debt		10,400,000		10,400,000
Par value of debt repurchased		10,400,000		10,400,000
Amount of debt repurchase amount		8,600,000		$ 8,600,000
Interest expense on debt		200,000
gain (loss) on debt extinguishment		$ 1,800,000

Long-term Debt and Capitalize_5

Long-term Debt and Capitalized Lease Obligations - Merger Related Financing (Details) - Float Rate Notes $ in Millions	Jun. 25, 2018USD ($)
Debt Instrument [Line Items]
Face amount of debt instrument	$ 750
Issued price as a percentage	99.50%
Prior to November 18, 2018
Debt Instrument [Line Items]
Redemption price as a percentage	99.50%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Components of Net Pension and Post-retirement Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated return on plan assets	$ (26)	$ (27.6)	$ (86.6)	$ (92)
Service cost	12.1	11.5	40.3	38.3
Interest cost	19.8	20.4	66	67.9
Amortization of prior service cost	0	0	0	0.1
Amortization of net actuarial (gain) loss	(1.4)	0.1	(4.8)	0.3
Net expense	4.5	4.4	14.9	14.6
Other post-retirement benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated return on plan assets	0	0	0	0
Service cost	0.3	0.3	0.8	0.8
Interest cost	0.1	0.2	0.4	0.7
Amortization of prior service cost	0.8	0.8	2.8	2.8
Amortization of net actuarial (gain) loss	(0.1)	0	(0.2)	0
Net expense	$ 1.1	$ 1.3	$ 3.8	$ 4.3

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
Retirement Benefits [Abstract]
Contribution made to defined benefit plan	$ 186.4	$ 13.4	$ 196.9	$ 19.8
Discretionary contributions to minimize pension benefit guaranty corporation premium			150
Expected future employer contributions for remainder of the fiscal year	2.5		2.5
Defined contribution plan costs	$ 11.7	$ 9.4	$ 32.2	$ 32.6

Commitments and Contingencies_2

Commitments and Contingencies and Off Balance Sheet Arrangements - Guarantees (Details) - USD ($) $ in Millions	Dec. 01, 2018	Feb. 24, 2018
Commitments and Contingencies Disclosure [Abstract]
Outstanding balance on letters of credit	$ 183	$ 205.6

Commitments and Contingencies_3

Commitments and Contingencies and Off Balance Sheet Arrangements - Legal Contingencies (Details) $ in Millions	Aug. 29, 2018claim	Dec. 01, 2018USD ($)claimlawsuit	Jan. 03, 2015claimstore	Oct. 06, 2015incident
Security breach
Loss Contingencies [Line Items]
Number of stores | store			800
Number of claims filed and dismissed			2
Consolidated cases for multidistrict litigation
Loss Contingencies [Line Items]
Number of lawsuits filed against the company		62
Pending litigation | Qui Tam Lawsuits
Loss Contingencies [Line Items]
Number of lawsuits filed against the company | lawsuit		2
Pending litigation | Qui Tam Lawsuits | Minimum
Loss Contingencies [Line Items]
Loss contingency, amount of damages sought | $		$ 100
Pending litigation | Safeway Inc | Safeway's 401(k) Plan
Loss Contingencies [Line Items]
Number of lawsuits filed against the company | lawsuit		2
Threatened litigation | Security breach
Loss Contingencies [Line Items]
Number of data breach incidents | incident				2
Threatened litigation | Consolidated cases for multidistrict litigation | Blackfeet Tribe
Loss Contingencies [Line Items]
New claim filed	1

Other Comprehensive Income or_3

Other Comprehensive Income or Loss - Changes in the AOCI Balance (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 01, 2018	Dec. 02, 2017	Dec. 01, 2018	Dec. 02, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,398.2
Other comprehensive income (loss) before reclassifications			3.8	$ 32.4
Amounts reclassified from accumulated other comprehensive income			(2.5)	25.7
Tax (expense) benefit			(0.3)	(18.8)
Other comprehensive income (loss)	$ (0.1)	$ 5.2	1	39.3
Ending balance	1,390.1		1,390.1
Total AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			191.1	(12.8)
Ending balance	192.1	26.5	192.1	26.5
Interest rate swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			18.9	(28.1)
Other comprehensive income (loss) before reclassifications			5.5	4.8
Amounts reclassified from accumulated other comprehensive income			0.4	27.9
Tax (expense) benefit			(1.6)	(10.1)
Other comprehensive income (loss)			4.3	22.6
Ending balance	23.2	(5.5)	23.2	(5.5)
Pension and Post-retirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			171.9	79.7
Other comprehensive income (loss) before reclassifications			0	2.2
Amounts reclassified from accumulated other comprehensive income			(2.2)	2.8
Tax (expense) benefit			0.6	1
Other comprehensive income (loss)			(1.6)	6
Ending balance	170.3	85.7	170.3	85.7
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1.1)	(66.1)
Other comprehensive income (loss) before reclassifications			(0.4)	23.7
Amounts reclassified from accumulated other comprehensive income			0	0
Tax (expense) benefit			0.1	(9.4)
Other comprehensive income (loss)			(0.3)	14.3
Ending balance	(1.4)	(51.8)	(1.4)	(51.8)
Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			1.4	1.7
Other comprehensive income (loss) before reclassifications			(1.3)	1.7
Amounts reclassified from accumulated other comprehensive income			(0.7)	(5)
Tax (expense) benefit			0.6	(0.3)
Other comprehensive income (loss)			(1.4)	(3.6)
Ending balance	$ 0	$ (1.9)	$ 0	$ (1.9)