Albertsons Companies (ACI) 10-Q 24 Jul 19 2019 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	4 Months Ended
	Jun. 15, 2019	Jul. 24, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	Albertsons Companies, Inc.
Entity Central Index Key	0001646972
Entity Filer Category	Non-accelerated Filer
Current Fiscal Year End	--02-29
Document Fiscal Year Focus	2019
Entity File Number	333-205546
Document Fiscal Period Focus	Q1
Document Period End Date	Jun. 15, 2019
Amendment Flag	false
Shares Outstanding		277,882,010
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-4376911
Entity Address, Address Line One	250 Parkcenter Blvd.
Entity Address, City or Town	Boise
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83706
City Area Code	208
Local Phone Number	395-6200

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Current assets
Cash and cash equivalents	$ 662.1	$ 926.1
Receivables, net	497.4	586.2
Inventories, net	4,385.4	4,332.8
Other current assets	361.9	404.9
Total current assets	5,906.8	6,250
Property and equipment, net	9,662.7	9,861.3
Operating lease right-of-use assets	5,280.8
Intangible assets, net	2,271.2	2,834.5
Goodwill	1,183.3	1,183.3
Other assets	676.4	647.5
TOTAL ASSETS	24,981.2	20,776.6
Current liabilities
Accounts payable	3,077.9	2,918.7
Accrued salaries and wages	978.5	1,054.7
Current maturities of long-term debt and finance lease obligations	145	148.8
Current maturities of operating lease obligations	523.2
Other current liabilities	990.2	1,030.5
Total current liabilities	5,714.8	5,152.7
Long-term debt and finance lease obligations	9,688.6	10,437.6
Long-term operating lease obligations	4,898
Deferred income taxes	754.5	561.4
Other long-term liabilities	1,870.9	3,174.2
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value; 30,000,000 shares authorized, no shares issued and outstanding as of June 15, 2019 and February 23, 2019, 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 June 15, 2019 and February 23, 2019, respectively	2.8	2.8
Additional paid-in capital	1,813.1	1,814.2
Treasury stock, at cost, 1,772,018 shares held as of June 15, 2019 and February 23, 2019, respectively	(25.8)	(25.8)
Accumulated other comprehensive income	89.4	91.3
Retained earnings (accumulated deficit)	174.9	(431.8)
Total stockholders' equity	2,054.4	1,450.7
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 24,981.2	$ 20,776.6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 15, 2019	Feb. 23, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	30,000,000	30,000,000
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares outstanding (in shares)	277,882,010	277,882,010
Common stock shares issued (in shares)	277,882,010	277,882,010
Treasury stock, at cost (in shares)	1,772,018	1,772,018

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Income Statement [Abstract]
Net sales and other revenue	$ 18,738.4	$ 18,653.4
Cost of sales	13,498.8	13,482.7
Gross profit	5,239.6	5,170.7
Selling and administrative expenses	4,918.1	4,977.6
Operating income	321.5	193.1
Interest expense, net	225.2	254.6
Loss on debt extinguishment	42.7	0
Other income	(11.1)	(40.8)
Income (loss) before income taxes	64.7	(20.7)
Income tax expense (benefit)	15.7	(3)
Net income (loss)	49	(17.7)
Other comprehensive income (loss), net of tax
(Loss) gain on interest rate swaps	(27)	8.2
Recognition of pension gain (loss)	23.4	(0.6)
Foreign currency translation adjustment	0	(0.6)
Other	1.7	(1.1)
Other comprehensive (loss) income	(1.9)	5.9
Comprehensive income (loss)	$ 47.1	$ (11.8)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Cash flows from operating activities:
Net income (loss)	$ 49	$ (17.7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Gain on property dispositions and impairment losses, net	(28.5)	(40)
Depreciation and amortization	515.9	536.6
Operating lease right-of-use assets amortization	162.7
LIFO expense	10.5	9.5
Deferred income tax	2.8	(3.6)
Loss on debt extinguishment	42.7	0
Equity-based compensation expense	11.1	13.4
Other	(4.2)	(2.9)
Changes in operating assets and liabilities:
Receivables, net	88.7	64
Inventories, net	(63)	88.5
Accounts payable, accrued salaries and wages and other accrued liabilities	141.4	246.9
Operating lease liabilities	(151.7)
Other operating assets and liabilities	25.3	16.9
Net cash provided by operating activities	802.7	911.6
Cash flows from investing activities:
Payments for property, equipment and intangibles, including payments for lease buyouts	(362.1)	(349.5)
Proceeds from sale of assets	73.4	37.3
Other	(5.3)	34.6
Net cash used in investing activities	(294)	(277.6)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	3.7
Payments on long-term borrowings	(722.5)	(16.4)
Payments of obligations under finance leases	(27.7)
Payments of obligations under finance leases		(28.8)
Other	(12.5)	(25.7)
Net cash used in financing activities	(762.7)	(67.2)
Net (decrease) increase in cash and cash equivalents and restricted cash	(254)	566.8
Cash and cash equivalents and restricted cash at beginning of period	967.7	680.8
Cash and cash equivalents and restricted cash at end of period	$ 713.7	$ 1,247.6

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Additional paid in capital	Treasury stock	Accumulated other comprehensive income	Retained earnings (accumulated deficit)
Beginning balance (in shares) at Feb. 24, 2018		279,654,028
Beginning balance at Feb. 24, 2018	$ 1,398.2	$ 2.8	$ 1,773.3	$ 0	$ 191.1	$ (569)
Equity-based compensation	13.4		13.4
Employee tax withholding on vesting of phantom units	(14.3)		(14.3)
Net income (loss)	(17.7)					(17.7)
Other comprehensive income (loss), net of tax	5.9				5.9
Other activity	5.8					5.8
Ending balance (in shares) at Jun. 16, 2018		279,654,028
Ending balance at Jun. 16, 2018	1,391.3	$ 2.8	1,772.4	0	197	(580.9)
Beginning balance (in shares) at Feb. 23, 2019		277,882,010
Beginning balance at Feb. 23, 2019	1,450.7	$ 2.8	1,814.2	(25.8)	91.3	(431.8)
Equity-based compensation	11.1		11.1
Employee tax withholding on vesting of phantom units	(12.1)		(12.1)
Net income (loss)	49					49
Other comprehensive income (loss), net of tax, adjusted for accounting standards update	(18.5)				(18.5)
Other comprehensive income (loss), net of tax	(1.9)
Other activity	(0.4)		(0.1)			(0.3)
Ending balance (in shares) at Jun. 15, 2019		277,882,010
Ending balance at Jun. 15, 2019	$ 2,054.4	$ 2.8	$ 1,813.1	$ (25.8)	$ 89.4	$ 174.9

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	4 Months Ended
	Jun. 15, 2019
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 23, 2019 is derived from the Company's annual audited Consolidated Financial Statements for the fiscal year ended February 23, 2019 , 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 16 weeks ended June 15, 2019 and June 16, 2018 . 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 $51.6 million and $41.6 million of restricted cash as of June 15, 2019 and February 23, 2019 , 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 the 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 $10.5 million and $9.5 million for the 16 weeks ended June 15, 2019 and June 16, 2018 , respectively. Equity-based compensation: The Company maintains the Albertsons Companies, Inc. Phantom Unit Plan, an equity-based incentive plan, which provides for grants of phantom units (the "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 ("Albertsons Investor") and KIM ACI, LLC ("KIM ACI"), 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. For the 16 weeks ended June 15, 2019 and June 16, 2018 , equity-based compensation expense recognized by the Company related to Phantom Units was $9.9 million and $13.4 million , respectively. For the 16 weeks ended June 15, 2019 and June 16, 2018 , the Company recorded an income tax benefit related to Phantom Units of $2.6 million and $3.6 million , respectively. As of June 15, 2019 , there was $46.4 million of unrecognized costs related to 1.7 million unvested Phantom Units. That cost is expected to be recognized over a weighted average period of 2.0 years . On April 25, 2019, upon the commencement of employment, the Company's newly appointed Chief Executive Officer was granted direct equity interests in each of the Company's parents, Albertsons Investor and KIM ACI. These equity interests vest over a service period, or upon a service period and achievement certain performance-based thresholds. The fair value of the equity interests 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. The fair value of the equity interests deemed granted was approximately $10.8 million . For the 16 weeks ended June 15, 2019 , equity-based compensation expense recognized by the Company related to these equity interests was $1.2 million . As of June 15, 2019 , there was $9.6 million of unrecognized costs related to the equity interests deemed granted. That cost is expected to be recognized over a weighted average period of 4.1 years . Treasury stock: During fiscal 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 Sheets. 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: Income tax expense was $15.7 million , representing a 24.3% effective tax rate, for the 16 weeks ended June 15, 2019 . Income tax benefit was $3.0 million , representing a 14.5% effective tax rate, for the 16 weeks ended June 16, 2018 . The change in the effective tax rate is primarily the result of the Company reporting pretax income for the 16 weeks ended June 15, 2019 compared to pretax loss for the 16 weeks ended June 16, 2018 . 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 operating divisions, which are reported in 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 division offers through its stores and eCommerce channels 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. 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 $233.8 million and $252.2 million as of June 15, 2019 and February 23, 2019 , respectively, and are recorded in Receivables, net. For eCommerce related sales, which primarily include home delivery, "Drive Up and Go" curbside pickup 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 contract liability balance was immaterial as of June 15, 2019 and February 23, 2019 . 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 $51.7 million as of June 15, 2019 and $55.9 million as of February 23, 2019 . Breakage amounts were immaterial for the 16 weeks ended June 15, 2019 and June 16, 2018 , respectively. Disaggregated Revenues The following table represents sales revenue by type of similar product (dollars in millions): 16 weeks ended June 15, June 16, Amount (1) % of Total Amount (1) % of Total Non-perishables (2) $ 8,022.2 42.8 % $ 8,063.3 43.2 % Perishables (3) 7,811.6 41.7 % 7,727.1 41.4 % Pharmacy 1,573.2 8.4 % 1,527.2 8.2 % Fuel 1,076.5 5.7 % 1,098.1 5.9 % Other (4) 254.9 1.4 % 237.7 1.3 % Net sales and other revenue $ 18,738.4 100.0 % $ 18,653.4 100.0 % (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. Recently adopted accounting standards: On February 25, 2016, the FASB issued ASU 2016-02, " Leases (Topic 842). " ASC Topic 842 supersedes existing lease guidance, including ASC 840 - Leases . Among other things, ASU 2016-02 requires recognition of a Right-of-use ("ROU") asset and liability for future lease payments for contracts that meet the definition of a lease and requires disclosure of certain information about leasing arrangements. On July 30, 2018, the FASB issued ASU 2018-11, " Leases (Topic 842): Targeted Improvements, " which, among other things, allows companies to elect an optional transition method to apply the new lease standard through a cumulative effect adjustment in the period of adoption. The new guidance requires both classifications of leases, operating and finance, to be recognized on the balance sheet. The new guidance also results in a change in naming convention for leases historically classified as capital leases. Under the new guidance, these leases are now referred to as finance leases. Consistent with prior GAAP, the recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on its classification. The Company adopted the guidance effective February 24, 2019 by recognizing and measuring leases at the adoption date with a cumulative effect of initially applying the guidance recognized at the date of initial application and as a result did not restate the prior periods presented in the Condensed Consolidated Financial Statements. The Company elected certain practical expedients permitted under the transitional guidance, including retaining historical lease classification, evaluating whether any expired contracts are or contain leases, and not applying hindsight in determining the lease term. The Company also elected the practical expedient to not separate lease and non-lease components within the lessee lease transaction for all classes of assets. Lastly, the Company elected the short-term lease exception for all classes of assets, and therefore does not apply the recognition requirements for leases of 12 months or less. The adoption of the standard resulted in the recognition of an operating lease ROU asset of $5.3 billion and an operating lease liability of $5.4 billion . Included in the measurement of the new operating lease ROU asset is the reclassification of certain balances, including those historically recorded as lease exit cost liabilities, deferred rent and favorable and unfavorable lease interests. The adoption also resulted in a cumulative effect transitional adjustment of $776.0 million ( $574.6 million , net of tax) to retained earnings related to the elimination of $865.8 million deferred gains on sale-leaseback transactions, partially offset by the recognition of $87.3 million in impairment losses on operating lease ROU assets and the removal of $17.2 million and $14.7 million , respectively, of assets and liabilities related to finance lease obligations under previously existing build-to-suit accounting arrangements. Several other immaterial reclassifications of historical asset and liability line items were also recorded in the Company's Condensed Consolidated Balance Sheets upon adoption. In February 2018, the FASB issued ASU 2018-02, " Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. " This ASU allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The Company adopted this guidance in the first quarter of fiscal 2019 and applied the amendments in the period of adoption. The adoption of this standard resulted in a $16.6 million adjustment to both Retained earnings (accumulated deficit) and Accumulated other comprehensive income. The standard did not have a material impact on the Company's Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Cash Flows.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	4 Months Ended
	Jun. 15, 2019
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 June 15, 2019 (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 $ 229.3 $ 229.3 $ — $ — Short-term investments (1) 20.3 18.0 2.3 — Non-current investments (2) 87.7 33.0 54.7 — Total $ 337.3 $ 280.3 $ 57.0 $ — Liabilities: Derivative contracts (3) $ 55.6 $ — $ 55.6 $ — Total $ 55.6 $ — $ 55.6 $ — (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. The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 23, 2019 (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 $ 489.0 $ 489.0 $ — $ — Short-term investments (1) 23.1 21.0 2.1 — Non-current investments (2) 84.2 30.5 53.7 — Total $ 596.3 $ 540.5 $ 55.8 $ — Liabilities: Derivative contracts (3) $ 21.1 $ — $ 21.1 $ — Total $ 21.1 $ — $ 21.1 $ — (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. 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 June 15, 2019 , the fair value of total debt was $9,333.9 million compared to the carrying value of $9,259.0 million , exclu ding debt discounts and deferred financing costs. As of February 23, 2019 , the fair value of total debt was $9,801.2 million compared to the carrying value of $10,086.3 million , excluding debt discounts and deferred financing costs. Assets Measured at Fair Value on a Non-Recurring Basis

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	4 Months Ended
	Jun. 15, 2019
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, 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 (loss) until the interest payments being hedged are recorded as Interest expense, net, at which time the amounts in Other comprehensive income (loss) are reclassified as an adjustment to Interest expense, net. Gains or losses on any ineffective portion of derivative instruments in cash flow hedging relationships are recorded in the period in which they occur as a component of Other income in the Consolidated Statement of Operations and Comprehensive Income (Loss). The Company has entered into several swaps with maturity dates in 2019 , 2021 and 2023 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 June 15, 2019 and February 23, 2019 were $2,716.2 million and $2,123.2 million , of which $2,716.2 million and $2,065.2 million are designated as Cash Flow Hedges, respectively, 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 have been designated as Cash Flow Hedges as defined by GAAP. As of June 15, 2019 and February 23, 2019 , the fair value of the cash flow interest rate swap liability was $55.6 million and $21.6 million respectively, 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 (loss) income recognized from derivatives Derivatives designated as hedging instruments 16 weeks ended June 15, 2019 16 weeks ended June 16, 2018 Location of (loss) income recognized from derivatives Designated interest rate swaps $ (27.0 ) $ 8.2 Other comprehensive income (loss), net of tax Activity related to the Company's derivative instruments not designated as hedging instruments was immaterial during the 16 weeks ended June 15, 2019 and June 16, 2018

LONG-TERM DEBT AND FINANCE LEAS

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS	4 Months Ended
	Jun. 15, 2019
Debt Disclosure [Abstract]
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS	LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS The Company's long-term debt as of June 15, 2019 and February 23, 2019 , net of unamortized debt discounts of $117.8 million and $197.0 million , respectively, and deferred financing costs of $62.4 million and $65.2 million , respectively, consisted of the following (in millions): June 15, February 23, Albertsons Term Loans due 2022 to 2025, interest rate range of 5.44% to 5.69% $ 4,602.9 $ 4,610.7 Senior Unsecured Notes due 2024, 2025 and 2026, interest rate of 6.625%, 5.750% and 7.5%, respectively 3,072.8 3,071.6 New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70% 694.6 1,322.3 Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45% 642.0 675.3 Other Notes Payable, unsecured 47.9 125.4 Mortgage Notes Payable, secured 18.6 18.8 Finance lease obligations (see Note 5) 754.8 762.3 Total debt 9,833.6 10,586.4 Less current maturities (145.0 ) (148.8 ) Long-term portion $ 9,688.6 $ 10,437.6 The Company's term loans (the "Albertsons Term Loans"), asset-based loan 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 4.0% 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 16 weeks ended June 15, 2019 . Safeway Notes During the first quarter of 2019, the Company completed a cash tender offer and early redemption of Safeway Inc.'s ("Safeway") notes with a par value of $34.1 million and a book value of $33.3 million for $32.6 million , plus accrued and unpaid interest of $0.7 million (the "Safeway Tender"). Including related fees, the Company recognized a loss on debt extinguishment related to the Safeway Tender of $0.5 million . NALP Notes During the first quarter of 2019, the Company completed a cash tender offer and early redemption of New Albertsons L.P.'s notes (the "NALP Notes") with a par value of $402.9 million and a book value of $363.7 million for $382.7 million , plus accrued and unpaid interest of $8.2 million (the "NALP Notes Tender"). Including related fees, the Company recognized a loss on debt extinguishment related to the NALP Notes Tender of $19.1 million . Also during the first quarter of fiscal 2019, the Company repurchased NALP Notes with a par value of $300.8 million and a book value of $271.3 million for $294.4 million plus accrued and unpaid interest of $6.5 million (the "NALP Notes Repurchase"). In connection with the NALP Notes Repurchase, the Company recorded a loss on debt extinguishment of $23.1 million . ABL Facility As of June 15, 2019 and February 23, 2019 there were no loans outstanding under the Company's ABL Facility, and letters of credit ("LOC") issued under the LOC sub-facility were $513.6 million and $520.8 million

LEASES

LEASES	4 Months Ended
	Jun. 15, 2019
Leases [Abstract]
LEASES	LEASES The Company leases certain retail stores, distribution centers, office facilities and equipment from third parties. The Company determines whether a contract is or contains a lease at contract inception. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Lease liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not easily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. ROU assets are recognized at commencement date at the value of the lease liability, adjusted for any prepayments, lease incentives and initial direct costs incurred. The typical real estate lease period is 15 to 20 years with renewal options for varying terms and, to a limited extent, options to purchase. The Company includes renewal options that are reasonably certain to be exercised as part of the lease term. The Company has lease agreements with non-lease components that relate to the lease components. Certain leases contain percent rent based on sales, escalation clauses or payment of executory costs such as property taxes, utilities, insurance and maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all classes of asset. The Company recognizes lease payments for short-term leases as expense either straight-line over the lease term or as incurred depending on whether lease payments are fixed or variable. The components of total lease cost, net consisted of the following (in millions): Classification 16 weeks ended Operating lease cost (1) Cost of sales and Selling and administrative expenses (3) $ 287.2 Finance lease cost Amortization of lease assets Cost of sales and Selling and administrative expenses (3) 28.6 Interest on lease liabilities Interest expense, net 25.5 Variable lease cost (2) Cost of sales and Selling and administrative expenses (3) 118.9 Sublease income Net sales and other revenue (32.4 ) Total lease cost, net $ 427.8 (1) Includes short-term lease cost, which is immaterial. (2) Represents variable lease costs for both operating and finance leases. Includes contingent rent expense and other non-fixed lease related costs, including property taxes, common area maintenance and property insurance. (3) Supply chain-related amounts are included in Cost of sales. Balance sheet information related to leases as of June 15, 2019 consisted of the following (in millions): Classification June 15, 2019 Assets Operating Operating lease right-of-use assets $ 5,280.8 Finance Property and equipment, net 509.9 Total lease assets $ 5,790.7 Liabilities Current Operating Current maturities of operating lease obligations $ 523.2 Finance Current maturities of long-term debt and finance lease obligations 96.2 Long-term Operating Long-term operating lease obligations 4,898.0 Finance Long-term debt and finance lease obligations 658.6 Total lease liabilities $ 6,176.0 The following table presents cash flow information and the weighted average lease term and discount rate for leases (dollars in millions): 16 weeks ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 269.9 Operating cash flows from finance leases 25.5 Financing cash flows from finance leases 27.7 ROU assets obtained in exchange for operating lease obligations 182.4 ROU assets obtained in exchange for finance lease obligations — Weighted average remaining lease term - operating leases (in years) 11.7 Weighted average remaining lease term - finance leases (in years) 9.3 Weighted average discount rate - operating leases 7.1 % Weighted average discount rate - finance leases 13.8 % Future minimum lease payments for operating and finance lease obligations as of June 15, 2019 consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Finance Leases Remainder of 2019 $ 619.6 $ 119.0 2020 868.2 152.7 2021 813.5 138.2 2022 753.9 126.4 2023 681.3 116.9 Thereafter 4,493.4 522.5 Total future minimum obligations 8,229.9 1,175.7 Less interest (2,808.7 ) (420.9 ) Present value of net future minimum lease obligations 5,421.2 754.8 Less current portion (523.2 ) (96.2 ) Long-term obligations $ 4,898.0 $ 658.6 Future minimum lease payments for operating and capital lease obligations as of February 23, 2019 under the previous lease accounting standard consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Capital Leases 2019 $ 879.7 $ 170.5 2020 840.5 151.3 2021 783.2 134.9 2022 723.6 123.1 2023 651.0 114.1 Thereafter 4,338.6 509.1 Total future minimum obligations $ 8,216.6 1,203.0 Less interest (440.7 ) Present value of net future minimum lease obligations 762.3 Less current portion (97.3 ) Long-term obligations $ 665.0 The Company subleases certain properties to third parties. Future minimum sublease income under these non-cancelable operating leases as of June 15, 2019 was $357.4 million . Sale-Leaseback Transactions Subsequent to the end of the first quarter of fiscal 2019, the Company completed two sale and leaseback transactions, which consisted of an aggregate of 50 store properties and one distribution center for an aggregate purchase price, net of closing costs, of approximately $886 million . In connection with the sale and leaseback transactions, the Company entered into lease agreements for each of the properties for initial terms ranging from 15 to 20 years. The aggregate initial annual rent payment for the properties will be approximately $50 million and includes 1.50% to 1.75% annual rent increases over the initial lease terms. The Company expects to account for the related leases as operating leases and estimates recording operating lease ROU assets and corresponding operating lease liabilities of approximately $583 million .
LEASES	LEASES The Company leases certain retail stores, distribution centers, office facilities and equipment from third parties. The Company determines whether a contract is or contains a lease at contract inception. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Lease liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not easily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. ROU assets are recognized at commencement date at the value of the lease liability, adjusted for any prepayments, lease incentives and initial direct costs incurred. The typical real estate lease period is 15 to 20 years with renewal options for varying terms and, to a limited extent, options to purchase. The Company includes renewal options that are reasonably certain to be exercised as part of the lease term. The Company has lease agreements with non-lease components that relate to the lease components. Certain leases contain percent rent based on sales, escalation clauses or payment of executory costs such as property taxes, utilities, insurance and maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all classes of asset. The Company recognizes lease payments for short-term leases as expense either straight-line over the lease term or as incurred depending on whether lease payments are fixed or variable. The components of total lease cost, net consisted of the following (in millions): Classification 16 weeks ended Operating lease cost (1) Cost of sales and Selling and administrative expenses (3) $ 287.2 Finance lease cost Amortization of lease assets Cost of sales and Selling and administrative expenses (3) 28.6 Interest on lease liabilities Interest expense, net 25.5 Variable lease cost (2) Cost of sales and Selling and administrative expenses (3) 118.9 Sublease income Net sales and other revenue (32.4 ) Total lease cost, net $ 427.8 (1) Includes short-term lease cost, which is immaterial. (2) Represents variable lease costs for both operating and finance leases. Includes contingent rent expense and other non-fixed lease related costs, including property taxes, common area maintenance and property insurance. (3) Supply chain-related amounts are included in Cost of sales. Balance sheet information related to leases as of June 15, 2019 consisted of the following (in millions): Classification June 15, 2019 Assets Operating Operating lease right-of-use assets $ 5,280.8 Finance Property and equipment, net 509.9 Total lease assets $ 5,790.7 Liabilities Current Operating Current maturities of operating lease obligations $ 523.2 Finance Current maturities of long-term debt and finance lease obligations 96.2 Long-term Operating Long-term operating lease obligations 4,898.0 Finance Long-term debt and finance lease obligations 658.6 Total lease liabilities $ 6,176.0 The following table presents cash flow information and the weighted average lease term and discount rate for leases (dollars in millions): 16 weeks ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 269.9 Operating cash flows from finance leases 25.5 Financing cash flows from finance leases 27.7 ROU assets obtained in exchange for operating lease obligations 182.4 ROU assets obtained in exchange for finance lease obligations — Weighted average remaining lease term - operating leases (in years) 11.7 Weighted average remaining lease term - finance leases (in years) 9.3 Weighted average discount rate - operating leases 7.1 % Weighted average discount rate - finance leases 13.8 % Future minimum lease payments for operating and finance lease obligations as of June 15, 2019 consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Finance Leases Remainder of 2019 $ 619.6 $ 119.0 2020 868.2 152.7 2021 813.5 138.2 2022 753.9 126.4 2023 681.3 116.9 Thereafter 4,493.4 522.5 Total future minimum obligations 8,229.9 1,175.7 Less interest (2,808.7 ) (420.9 ) Present value of net future minimum lease obligations 5,421.2 754.8 Less current portion (523.2 ) (96.2 ) Long-term obligations $ 4,898.0 $ 658.6 Future minimum lease payments for operating and capital lease obligations as of February 23, 2019 under the previous lease accounting standard consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Capital Leases 2019 $ 879.7 $ 170.5 2020 840.5 151.3 2021 783.2 134.9 2022 723.6 123.1 2023 651.0 114.1 Thereafter 4,338.6 509.1 Total future minimum obligations $ 8,216.6 1,203.0 Less interest (440.7 ) Present value of net future minimum lease obligations 762.3 Less current portion (97.3 ) Long-term obligations $ 665.0 The Company subleases certain properties to third parties. Future minimum sublease income under these non-cancelable operating leases as of June 15, 2019 was $357.4 million . Sale-Leaseback Transactions Subsequent to the end of the first quarter of fiscal 2019, the Company completed two sale and leaseback transactions, which consisted of an aggregate of 50 store properties and one distribution center for an aggregate purchase price, net of closing costs, of approximately $886 million . In connection with the sale and leaseback transactions, the Company entered into lease agreements for each of the properties for initial terms ranging from 15 to 20 years. The aggregate initial annual rent payment for the properties will be approximately $50 million and includes 1.50% to 1.75% annual rent increases over the initial lease terms. The Company expects to account for the related leases as operating leases and estimates recording operating lease ROU assets and corresponding operating lease liabilities of approximately $583 million .
LEASES	LEASES The Company leases certain retail stores, distribution centers, office facilities and equipment from third parties. The Company determines whether a contract is or contains a lease at contract inception. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Lease liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not easily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. ROU assets are recognized at commencement date at the value of the lease liability, adjusted for any prepayments, lease incentives and initial direct costs incurred. The typical real estate lease period is 15 to 20 years with renewal options for varying terms and, to a limited extent, options to purchase. The Company includes renewal options that are reasonably certain to be exercised as part of the lease term. The Company has lease agreements with non-lease components that relate to the lease components. Certain leases contain percent rent based on sales, escalation clauses or payment of executory costs such as property taxes, utilities, insurance and maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all classes of asset. The Company recognizes lease payments for short-term leases as expense either straight-line over the lease term or as incurred depending on whether lease payments are fixed or variable. The components of total lease cost, net consisted of the following (in millions): Classification 16 weeks ended Operating lease cost (1) Cost of sales and Selling and administrative expenses (3) $ 287.2 Finance lease cost Amortization of lease assets Cost of sales and Selling and administrative expenses (3) 28.6 Interest on lease liabilities Interest expense, net 25.5 Variable lease cost (2) Cost of sales and Selling and administrative expenses (3) 118.9 Sublease income Net sales and other revenue (32.4 ) Total lease cost, net $ 427.8 (1) Includes short-term lease cost, which is immaterial. (2) Represents variable lease costs for both operating and finance leases. Includes contingent rent expense and other non-fixed lease related costs, including property taxes, common area maintenance and property insurance. (3) Supply chain-related amounts are included in Cost of sales. Balance sheet information related to leases as of June 15, 2019 consisted of the following (in millions): Classification June 15, 2019 Assets Operating Operating lease right-of-use assets $ 5,280.8 Finance Property and equipment, net 509.9 Total lease assets $ 5,790.7 Liabilities Current Operating Current maturities of operating lease obligations $ 523.2 Finance Current maturities of long-term debt and finance lease obligations 96.2 Long-term Operating Long-term operating lease obligations 4,898.0 Finance Long-term debt and finance lease obligations 658.6 Total lease liabilities $ 6,176.0 The following table presents cash flow information and the weighted average lease term and discount rate for leases (dollars in millions): 16 weeks ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 269.9 Operating cash flows from finance leases 25.5 Financing cash flows from finance leases 27.7 ROU assets obtained in exchange for operating lease obligations 182.4 ROU assets obtained in exchange for finance lease obligations — Weighted average remaining lease term - operating leases (in years) 11.7 Weighted average remaining lease term - finance leases (in years) 9.3 Weighted average discount rate - operating leases 7.1 % Weighted average discount rate - finance leases 13.8 % Future minimum lease payments for operating and finance lease obligations as of June 15, 2019 consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Finance Leases Remainder of 2019 $ 619.6 $ 119.0 2020 868.2 152.7 2021 813.5 138.2 2022 753.9 126.4 2023 681.3 116.9 Thereafter 4,493.4 522.5 Total future minimum obligations 8,229.9 1,175.7 Less interest (2,808.7 ) (420.9 ) Present value of net future minimum lease obligations 5,421.2 754.8 Less current portion (523.2 ) (96.2 ) Long-term obligations $ 4,898.0 $ 658.6 Future minimum lease payments for operating and capital lease obligations as of February 23, 2019 under the previous lease accounting standard consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Capital Leases 2019 $ 879.7 $ 170.5 2020 840.5 151.3 2021 783.2 134.9 2022 723.6 123.1 2023 651.0 114.1 Thereafter 4,338.6 509.1 Total future minimum obligations $ 8,216.6 1,203.0 Less interest (440.7 ) Present value of net future minimum lease obligations 762.3 Less current portion (97.3 ) Long-term obligations $ 665.0 The Company subleases certain properties to third parties. Future minimum sublease income under these non-cancelable operating leases as of June 15, 2019 was $357.4 million . Sale-Leaseback Transactions Subsequent to the end of the first quarter of fiscal 2019, the Company completed two sale and leaseback transactions, which consisted of an aggregate of 50 store properties and one distribution center for an aggregate purchase price, net of closing costs, of approximately $886 million . In connection with the sale and leaseback transactions, the Company entered into lease agreements for each of the properties for initial terms ranging from 15 to 20 years. The aggregate initial annual rent payment for the properties will be approximately $50 million and includes 1.50% to 1.75% annual rent increases over the initial lease terms. The Company expects to account for the related leases as operating leases and estimates recording operating lease ROU assets and corresponding operating lease liabilities of approximately $583 million .

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	4 Months Ended
	Jun. 15, 2019
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 (income) expense (in millions): 16 weeks ended Pension Other post-retirement benefits June 15, June 16, June 15, June 16, Estimated return on plan assets $ (33.9 ) $ (34.6 ) $ — $ — Service cost 4.5 16.1 0.2 0.3 Interest cost 24.8 26.4 0.2 0.2 Amortization of prior service cost 0.1 — 1.1 1.1 Amortization of net actuarial loss (gain) 0.2 (1.9 ) (0.1 ) (0.1 ) Net (income) expense $ (4.3 ) $ 6.0 $ 1.4 $ 1.5 The Company contributed $5.2 million and $5.5 million to its defined benefit pension plans and post-retirement benefit plans during the 16 weeks ended June 15, 2019 and June 16, 2018 , respectively. At the Company's discretion, additional funds may be contributed to the defined benefit pension plans. The Company currently anticipates contributing an additional $7.2 million to these plans for the remainder of fiscal 2019 . Defined Contribution Plans and Supplemental Retirement Plans Total contributions expensed for defined contribution plans (401(k) plans) were $18.6 million and $14.0 million for the 16 weeks ended June 15, 2019 and June 16, 2018

COMMITMENTS AND CONTINGENCIES A

COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS	4 Months Ended
	Jun. 15, 2019
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 INC. ("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. On January 21, 2014, the Company entered into a Collateral Substitution Agreement with the California Self-Insurers' Security Fund to provide collateral. The collateral not covered by the California Self-Insurers' Security Fund is covered by an irrevocable LOC for the benefit of the State of California Office of Self-Insurance Plans. The amount of the LOC is adjusted annually based on semi-annual filings of an actuarial study reflecting liabilities as of December 31 of each year reduced by claim closures and settlements. The related LOC was $143.0 million as of June 15, 2019 and February 23, 2019 . 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 requested 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 provider 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 costs) 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, and the dismissal was upheld on appeal on May 31, 2019. 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 multi-state 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 were brought against Safeway 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 record-keepers. An amended complaint was filed on September 16, 2016, and a second amended complaint was filed on November 21, 2016. In general, both lawsuits alleged 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. On March 13, 2017 , the United States District Court for the Northern District of California 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. Both parties filed summary judgment motions which were heard and taken under submission on August 16, 2018. Plaintiffs' motions were denied and defendants' motions were granted in part and denied in part. Bench trials for both matters were set for May 6, 2019, but a settlement in principle was reached before trial. That settlement is still being finalized and will need to be approved by the Court. The Company has recorded an estimated liability for 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 government 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 complete, and trial will be set after the Court rules on the pending motions. 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 complete, and trial is currently set for January 7, 2020. 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 before trebling and excluding penalties. The Company is vigorously defending each of these matters and believes each of these cases is without merit. The Company has recorded an estimated liability for these matters. 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 ("Albertson's") 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 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: 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, at this time, 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: The Company is one of dozens of companies that have been named in various lawsuits alleging that defendants contributed to the national opioid epidemic. At present, the Company is named in approximately 49 suits pending in various state courts as well as in the United States District Court for the Northern District of Ohio where over 1,800 cases have been consolidated as Multi-District Litigation ("MDL") pursuant to 28 U.S.C. §1407. In one of those MDL cases - MDL No. 2804 filed by The Blackfeet Tribe of the Blackfeet Indian Reservation - the Company filed a motion to dismiss. That motion has yet to be ruled on, but motions by other defendants have been denied and all defendants in the Blackfeet action, including the Company, have been ordered to Answer the Complaint on or before July 26, 2019. To date, no discovery has been conducted against the Company in any of the actions. The Company is vigorously defending these matters and believes that these cases are without merit. At this early stage in the proceedings, the Company is unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. Other Commitments

OTHER COMPREHENSIVE INCOME OR L

OTHER COMPREHENSIVE INCOME OR LOSS	4 Months Ended
	Jun. 15, 2019
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): 16 weeks ended June 15, 2019 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ 91.3 $ 3.4 $ 88.8 $ (1.4 ) $ 0.5 Cumulative effect of accounting change (1) 16.6 1.2 14.9 — 0.5 Other comprehensive (loss) income before reclassifications (23.9 ) (35.7 ) 10.1 — 1.7 Amounts reclassified from accumulated other comprehensive income (1.2 ) (2.5 ) 1.3 — — Tax benefit (expense) 6.6 10.0 (2.9 ) — (0.5 ) Current-period other comprehensive (loss) income, net of tax (1.9 ) (27.0 ) 23.4 — 1.7 Ending balance $ 89.4 $ (23.6 ) $ 112.2 $ (1.4 ) $ 2.2 (1) Related to the adoption of ASU 2018-02, " Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ," (see Note 1 for additional details). 16 weeks ended June 16, 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 7.3 8.7 — (0.7 ) (0.7 ) Amounts reclassified from accumulated other comprehensive income 0.9 2.5 (0.9 ) — (0.7 ) Tax (expense) benefit (2.3 ) (3.0 ) 0.3 0.1 0.3 Current-period other comprehensive income (loss), net of tax 5.9 8.2 (0.6 ) (0.6 ) (1.1 ) Ending balance $ 197.0 $ 27.1 $ 171.3 $ (1.7 ) $ 0.3

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	4 Months Ended
	Jun. 15, 2019
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 23, 2019 is derived from the Company's annual audited Consolidated Financial Statements for the fiscal year ended February 23, 2019 , 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 16 weeks ended June 15, 2019 and June 16, 2018 .
Restricted cash	Restricted cash:
Inventories, net	Inventories, net:
Equity-based compensation	Equity-based compensation: The Company maintains the Albertsons Companies, Inc. Phantom Unit Plan, an equity-based incentive plan, which provides for grants of phantom units (the "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 ("Albertsons Investor") and KIM ACI, LLC ("KIM ACI"), 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: Income tax expense was $15.7 million , representing a 24.3% effective tax rate, for the 16 weeks ended June 15, 2019 . Income tax benefit was $3.0 million , representing a 14.5% effective tax rate, for the 16 weeks ended June 16, 2018 . The change in the effective tax rate is primarily the result of the Company reporting pretax income for the 16 weeks ended June 15, 2019 compared to pretax loss for the 16 weeks ended June 16, 2018 .
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 operating divisions, which are reported in 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 division offers through its stores and eCommerce channels 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.
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 $233.8 million and $252.2 million as of June 15, 2019 and February 23, 2019 , respectively, and are recorded in Receivables, net. For eCommerce related sales, which primarily include home delivery, "Drive Up and Go" curbside pickup 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 contract liability balance was immaterial as of June 15, 2019 and February 23, 2019 .
Recently adopted accounting standards	Recently adopted accounting standards: On February 25, 2016, the FASB issued ASU 2016-02, " Leases (Topic 842). " ASC Topic 842 supersedes existing lease guidance, including ASC 840 - Leases . Among other things, ASU 2016-02 requires recognition of a Right-of-use ("ROU") asset and liability for future lease payments for contracts that meet the definition of a lease and requires disclosure of certain information about leasing arrangements. On July 30, 2018, the FASB issued ASU 2018-11, " Leases (Topic 842): Targeted Improvements, " which, among other things, allows companies to elect an optional transition method to apply the new lease standard through a cumulative effect adjustment in the period of adoption. The new guidance requires both classifications of leases, operating and finance, to be recognized on the balance sheet. The new guidance also results in a change in naming convention for leases historically classified as capital leases. Under the new guidance, these leases are now referred to as finance leases. Consistent with prior GAAP, the recognition, measurement and presentation of expenses and cash flows arising from a lease will depend on its classification. The Company adopted the guidance effective February 24, 2019 by recognizing and measuring leases at the adoption date with a cumulative effect of initially applying the guidance recognized at the date of initial application and as a result did not restate the prior periods presented in the Condensed Consolidated Financial Statements. The Company elected certain practical expedients permitted under the transitional guidance, including retaining historical lease classification, evaluating whether any expired contracts are or contain leases, and not applying hindsight in determining the lease term. The Company also elected the practical expedient to not separate lease and non-lease components within the lessee lease transaction for all classes of assets. Lastly, the Company elected the short-term lease exception for all classes of assets, and therefore does not apply the recognition requirements for leases of 12 months or less. The adoption of the standard resulted in the recognition of an operating lease ROU asset of $5.3 billion and an operating lease liability of $5.4 billion . Included in the measurement of the new operating lease ROU asset is the reclassification of certain balances, including those historically recorded as lease exit cost liabilities, deferred rent and favorable and unfavorable lease interests. The adoption also resulted in a cumulative effect transitional adjustment of $776.0 million ( $574.6 million , net of tax) to retained earnings related to the elimination of $865.8 million deferred gains on sale-leaseback transactions, partially offset by the recognition of $87.3 million in impairment losses on operating lease ROU assets and the removal of $17.2 million and $14.7 million , respectively, of assets and liabilities related to finance lease obligations under previously existing build-to-suit accounting arrangements. Several other immaterial reclassifications of historical asset and liability line items were also recorded in the Company's Condensed Consolidated Balance Sheets upon adoption. In February 2018, the FASB issued ASU 2018-02, " Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. " This ASU allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The Company adopted this guidance in the first quarter of fiscal 2019 and applied the amendments in the period of adoption. The adoption of this standard resulted in a $16.6 million adjustment to both Retained earnings (accumulated deficit) and Accumulated other comprehensive income. The standard did not have a material impact on the Company's Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Cash Flows.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	4 Months Ended
	Jun. 15, 2019
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): 16 weeks ended June 15, June 16, Amount (1) % of Total Amount (1) % of Total Non-perishables (2) $ 8,022.2 42.8 % $ 8,063.3 43.2 % Perishables (3) 7,811.6 41.7 % 7,727.1 41.4 % Pharmacy 1,573.2 8.4 % 1,527.2 8.2 % Fuel 1,076.5 5.7 % 1,098.1 5.9 % Other (4) 254.9 1.4 % 237.7 1.3 % Net sales and other revenue $ 18,738.4 100.0 % $ 18,653.4 100.0 % (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.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	4 Months Ended
	Jun. 15, 2019
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 June 15, 2019 (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 $ 229.3 $ 229.3 $ — $ — Short-term investments (1) 20.3 18.0 2.3 — Non-current investments (2) 87.7 33.0 54.7 — Total $ 337.3 $ 280.3 $ 57.0 $ — Liabilities: Derivative contracts (3) $ 55.6 $ — $ 55.6 $ — Total $ 55.6 $ — $ 55.6 $ — (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. The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 23, 2019 (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 $ 489.0 $ 489.0 $ — $ — Short-term investments (1) 23.1 21.0 2.1 — Non-current investments (2) 84.2 30.5 53.7 — Total $ 596.3 $ 540.5 $ 55.8 $ — Liabilities: Derivative contracts (3) $ 21.1 $ — $ 21.1 $ — Total $ 21.1 $ — $ 21.1 $ — (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.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	4 Months Ended
	Jun. 15, 2019
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 (loss) income recognized from derivatives Derivatives designated as hedging instruments 16 weeks ended June 15, 2019 16 weeks ended June 16, 2018 Location of (loss) income recognized from derivatives Designated interest rate swaps $ (27.0 ) $ 8.2 Other comprehensive income (loss), net of tax

LONG-TERM DEBT AND FINANCE LE_2

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)	4 Months Ended
	Jun. 15, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The Company's long-term debt as of June 15, 2019 and February 23, 2019 , net of unamortized debt discounts of $117.8 million and $197.0 million , respectively, and deferred financing costs of $62.4 million and $65.2 million , respectively, consisted of the following (in millions): June 15, February 23, Albertsons Term Loans due 2022 to 2025, interest rate range of 5.44% to 5.69% $ 4,602.9 $ 4,610.7 Senior Unsecured Notes due 2024, 2025 and 2026, interest rate of 6.625%, 5.750% and 7.5%, respectively 3,072.8 3,071.6 New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70% 694.6 1,322.3 Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45% 642.0 675.3 Other Notes Payable, unsecured 47.9 125.4 Mortgage Notes Payable, secured 18.6 18.8 Finance lease obligations (see Note 5) 754.8 762.3 Total debt 9,833.6 10,586.4 Less current maturities (145.0 ) (148.8 ) Long-term portion $ 9,688.6 $ 10,437.6

LEASES (Tables)

LEASES (Tables)	4 Months Ended
	Jun. 15, 2019
Leases [Abstract]
Components of Lease Expense and Supplemental Cash Flow Information	The components of total lease cost, net consisted of the following (in millions): Classification 16 weeks ended Operating lease cost (1) Cost of sales and Selling and administrative expenses (3) $ 287.2 Finance lease cost Amortization of lease assets Cost of sales and Selling and administrative expenses (3) 28.6 Interest on lease liabilities Interest expense, net 25.5 Variable lease cost (2) Cost of sales and Selling and administrative expenses (3) 118.9 Sublease income Net sales and other revenue (32.4 ) Total lease cost, net $ 427.8 (1) Includes short-term lease cost, which is immaterial. (2) Represents variable lease costs for both operating and finance leases. Includes contingent rent expense and other non-fixed lease related costs, including property taxes, common area maintenance and property insurance. (3) Supply chain-related amounts are included in Cost of sales. The following table presents cash flow information and the weighted average lease term and discount rate for leases (dollars in millions): 16 weeks ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases 269.9 Operating cash flows from finance leases 25.5 Financing cash flows from finance leases 27.7 ROU assets obtained in exchange for operating lease obligations 182.4 ROU assets obtained in exchange for finance lease obligations — Weighted average remaining lease term - operating leases (in years) 11.7 Weighted average remaining lease term - finance leases (in years) 9.3 Weighted average discount rate - operating leases 7.1 % Weighted average discount rate - finance leases 13.8 %
Balance Sheet Information	Balance sheet information related to leases as of June 15, 2019 consisted of the following (in millions): Classification June 15, 2019 Assets Operating Operating lease right-of-use assets $ 5,280.8 Finance Property and equipment, net 509.9 Total lease assets $ 5,790.7 Liabilities Current Operating Current maturities of operating lease obligations $ 523.2 Finance Current maturities of long-term debt and finance lease obligations 96.2 Long-term Operating Long-term operating lease obligations 4,898.0 Finance Long-term debt and finance lease obligations 658.6 Total lease liabilities $ 6,176.0
Future Minimum Lease Payments For Finance Lease Obligations	Future minimum lease payments for operating and finance lease obligations as of June 15, 2019 consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Finance Leases Remainder of 2019 $ 619.6 $ 119.0 2020 868.2 152.7 2021 813.5 138.2 2022 753.9 126.4 2023 681.3 116.9 Thereafter 4,493.4 522.5 Total future minimum obligations 8,229.9 1,175.7 Less interest (2,808.7 ) (420.9 ) Present value of net future minimum lease obligations 5,421.2 754.8 Less current portion (523.2 ) (96.2 ) Long-term obligations $ 4,898.0 $ 658.6
Future Minimum Lease Payments For Operating Leases	Future minimum lease payments for operating and finance lease obligations as of June 15, 2019 consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Finance Leases Remainder of 2019 $ 619.6 $ 119.0 2020 868.2 152.7 2021 813.5 138.2 2022 753.9 126.4 2023 681.3 116.9 Thereafter 4,493.4 522.5 Total future minimum obligations 8,229.9 1,175.7 Less interest (2,808.7 ) (420.9 ) Present value of net future minimum lease obligations 5,421.2 754.8 Less current portion (523.2 ) (96.2 ) Long-term obligations $ 4,898.0 $ 658.6
Future Minimum Lease Payments for Capital Leases Under Previous Lease Accounting Standard	Future minimum lease payments for operating and capital lease obligations as of February 23, 2019 under the previous lease accounting standard consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Capital Leases 2019 $ 879.7 $ 170.5 2020 840.5 151.3 2021 783.2 134.9 2022 723.6 123.1 2023 651.0 114.1 Thereafter 4,338.6 509.1 Total future minimum obligations $ 8,216.6 1,203.0 Less interest (440.7 ) Present value of net future minimum lease obligations 762.3 Less current portion (97.3 ) Long-term obligations $ 665.0
Future Minimum Lease Payments for Operating Leases Under Previous Lease Accounting Standard	Future minimum lease payments for operating and capital lease obligations as of February 23, 2019 under the previous lease accounting standard consisted of the following (in millions): Lease Obligations Fiscal year Operating Leases Capital Leases 2019 $ 879.7 $ 170.5 2020 840.5 151.3 2021 783.2 134.9 2022 723.6 123.1 2023 651.0 114.1 Thereafter 4,338.6 509.1 Total future minimum obligations $ 8,216.6 1,203.0 Less interest (440.7 ) Present value of net future minimum lease obligations 762.3 Less current portion (97.3 ) Long-term obligations $ 665.0

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	4 Months Ended
	Jun. 15, 2019
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 (income) expense (in millions): 16 weeks ended Pension Other post-retirement benefits June 15, June 16, June 15, June 16, Estimated return on plan assets $ (33.9 ) $ (34.6 ) $ — $ — Service cost 4.5 16.1 0.2 0.3 Interest cost 24.8 26.4 0.2 0.2 Amortization of prior service cost 0.1 — 1.1 1.1 Amortization of net actuarial loss (gain) 0.2 (1.9 ) (0.1 ) (0.1 ) Net (income) expense $ (4.3 ) $ 6.0 $ 1.4 $ 1.5

OTHER COMPREHENSIVE INCOME OR_2

OTHER COMPREHENSIVE INCOME OR LOSS (Tables)	4 Months Ended
	Jun. 15, 2019
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): 16 weeks ended June 15, 2019 Total Interest rate swaps Pension and Post-retirement benefit plans Foreign currency translation adjustments Other Beginning balance $ 91.3 $ 3.4 $ 88.8 $ (1.4 ) $ 0.5 Cumulative effect of accounting change (1) 16.6 1.2 14.9 — 0.5 Other comprehensive (loss) income before reclassifications (23.9 ) (35.7 ) 10.1 — 1.7 Amounts reclassified from accumulated other comprehensive income (1.2 ) (2.5 ) 1.3 — — Tax benefit (expense) 6.6 10.0 (2.9 ) — (0.5 ) Current-period other comprehensive (loss) income, net of tax (1.9 ) (27.0 ) 23.4 — 1.7 Ending balance $ 89.4 $ (23.6 ) $ 112.2 $ (1.4 ) $ 2.2 (1) Related to the adoption of ASU 2018-02, " Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ," (see Note 1 for additional details). 16 weeks ended June 16, 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 7.3 8.7 — (0.7 ) (0.7 ) Amounts reclassified from accumulated other comprehensive income 0.9 2.5 (0.9 ) — (0.7 ) Tax (expense) benefit (2.3 ) (3.0 ) 0.3 0.1 0.3 Current-period other comprehensive income (loss), net of tax 5.9 8.2 (0.6 ) (0.6 ) (1.1 ) Ending balance $ 197.0 $ 27.1 $ 171.3 $ (1.7 ) $ 0.3

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	Apr. 25, 2019USD ($)	Jun. 15, 2019USD ($)divisionstore_formatsegmentshares	Jun. 16, 2018USD ($)	Feb. 23, 2019USD ($)shares	Feb. 24, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash		$ 51.6		$ 41.6
LIFO expense (benefit)		10.5	$ 9.5
Equity-based compensation expense		1.2
Compensation cost not yet recognized		$ 9.6
Period for recognition of unrecognized compensation cost		4 years 1 month 6 days
Fair value of equity interests deemed granted	$ 10.8
Payments for repurchased of common stock				25.8
Income tax expense (benefit)		$ 15.7	$ (3)
Effective tax rate		24.30%	14.50%
Number of divisions | division		13
Number of reportable segments | segment		1
Number of store format | store_format		1
Receivables, net		$ 497.4		586.2
Contract liability related to gift cards		51.7		55.9
Adoption of new accounting standards, net of tax					$ 574.6
Right-of-use assets		5,280.8
Lease liabilities		5,421.2
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of new accounting standards, net of tax					558
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					(776)
Adoption of new accounting standards, net of tax					574.6
Right-of-use assets					5,300
Lease liabilities					5,400
ASU 2016-02, Deferred Gains On Sale-Leaseback
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					(865.8)
ASU 2016-02, Impairment Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					87.3
ASU 2016-02, Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					17.2
ASU 2016-02, Liabilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment					14.7
ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of new accounting standards, net of tax					$ 16.6
Pharmacy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net		233.8		$ 252.2
Common Stock
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of shares repurchased (in shares) | shares				1,772,018
Phantom units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity-based compensation expense		9.9	$ 13.4
Income tax benefit		2.6	$ 3.6
Compensation cost not yet recognized		$ 46.4
Number of unvested phantom units (in shares) | shares		1,700,000
Period for recognition of unrecognized compensation cost		2 years
Phantom units | Investor Incentive Units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Units received upon vesting (in shares) | shares		1

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Sales Revenue by Similar Products (Details) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Concentration Risk [Line Items]
Net sales and other revenue	$ 18,738.4	$ 18,653.4
Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 18,738.4	$ 18,653.4
Percentage of total net sales and other revenue	100.00%	100.00%
Non-perishables | Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 8,022.2	$ 8,063.3
Percentage of total net sales and other revenue	42.80%	43.20%
Perishables | Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 7,811.6	$ 7,727.1
Percentage of total net sales and other revenue	41.70%	41.40%
Pharmacy | Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 1,573.2	$ 1,527.2
Percentage of total net sales and other revenue	8.40%	8.20%
Fuel | Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 1,076.5	$ 1,098.1
Percentage of total net sales and other revenue	5.70%	5.90%
Other | Product line | Product concentration risk
Concentration Risk [Line Items]
Net sales and other revenue	$ 254.9	$ 237.7
Percentage of total net sales and other revenue	1.40%	1.30%

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Assets:
Short-term investments	$ 20.3	$ 23.1
Non-current investments	87.7	84.2
Total	337.3	596.3
Liabilities:
Derivative contracts	55.6	21.1
Total	55.6	21.1
Quoted prices in active markets for identical assets (Level 1)
Assets:
Short-term investments	18	21
Non-current investments	33	30.5
Total	280.3	540.5
Liabilities:
Derivative contracts	0	0
Total	0	0
Significant observable inputs (Level 2)
Assets:
Short-term investments	2.3	2.1
Non-current investments	54.7	53.7
Total	57	55.8
Liabilities:
Derivative contracts	55.6	21.1
Total	55.6	21.1
Significant unobservable inputs (Level 3)
Assets:
Short-term investments	0	0
Non-current investments	0	0
Total	0	0
Liabilities:
Derivative contracts	0	0
Total	0	0
Money market
Assets:
Money market	229.3	489
Money market | Quoted prices in active markets for identical assets (Level 1)
Assets:
Money market	229.3	489
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 - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total debt amount	$ 9,333.9	$ 9,801.2
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total debt amount	$ 9,259	$ 10,086.3

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - Designated as hedging instrument $ in Millions	Jun. 20, 2018USD ($)derivative	Jun. 15, 2019USD ($)	Feb. 23, 2019USD ($)
Interest rate swaps
Derivative [Line Items]
Notional amount		$ 2,716.2	$ 2,123.2
Interest rate swaps | Cash flow hedging
Derivative [Line Items]
Notional amount		2,716.2	2,065.2
Number of interest rate swap agreements held | derivative	2
Interest rate swaps | Cash flow hedging | Other current liabilities
Derivative [Line Items]
Derivative liability		$ 55.6	$ 21.6
Interest rate swap one | Cash flow hedging
Derivative [Line Items]
Notional amount	$ 339
Interest rate swap two | Cash flow hedging
Derivative [Line Items]
Notional amount	$ 254

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Cash Flow Hedges (Details) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Designated interest rate swaps | Derivatives designated as hedging instruments | Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) income recognized from derivatives	$ (27)	$ 8.2

LONG-TERM DEBT AND FINANCE LE_3

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Debt Instrument [Line Items]
Finance lease obligations (see Note 5)	$ 754.8
Finance lease obligations (see Note 5)		$ 762.3
Total debt	9,833.6
Total debt		10,586.4
Less current maturities	(145)	(148.8)
Long-term portion	9,688.6	10,437.6
Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 5.44% to 5.69%
Debt Instrument [Line Items]
Long-term debt, gross	$ 4,602.9	4,610.7
Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 5.44% to 5.69% | Minimum
Debt Instrument [Line Items]
Stated interest rate percentage	5.44%
Secured debt | Albertsons Term Loans due 2022 to 2025, interest rate range of 5.44% to 5.69% | Maximum
Debt Instrument [Line Items]
Stated interest rate percentage	5.69%
Senior notes | Senior Unsecured Notes due 2024, 2025 and 2026, interest rate of 6.625%, 5.750% and 7.5%, respectively
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,072.8	3,071.6
Senior notes | Senior Unsecured Notes due 2024, interest rate of 6.625%
Debt Instrument [Line Items]
Stated interest rate percentage	6.625%
Senior notes | Senior Unsecured Notes due 2025, interest rate 5.750%
Debt Instrument [Line Items]
Stated interest rate percentage	5.75%
Senior notes | Senior Unsecured Notes due 2026, interest rate of 7.5%
Debt Instrument [Line Items]
Stated interest rate percentage	7.50%
Notes payable | New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
Debt Instrument [Line Items]
Long-term debt, gross	$ 694.6	1,322.3
Notes payable | New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70% | Minimum
Debt Instrument [Line Items]
Stated interest rate percentage	6.52%
Notes payable | New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70% | Maximum
Debt Instrument [Line Items]
Stated interest rate percentage	8.70%
Notes payable | Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45%
Debt Instrument [Line Items]
Long-term debt, gross	$ 642	675.3
Notes payable | Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45% | Minimum
Debt Instrument [Line Items]
Stated interest rate percentage	3.95%
Notes payable | Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45% | Maximum
Debt Instrument [Line Items]
Stated interest rate percentage	7.45%
Other notes payable | Other Notes Payable, unsecured
Debt Instrument [Line Items]
Long-term debt, gross	$ 47.9	125.4
Mortgage notes payable | Mortgage Notes Payable, secured
Debt Instrument [Line Items]
Long-term debt, gross	$ 18.6	$ 18.8

LONG-TERM DEBT AND FINANCE LE_4

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Narrative (Details) - USD ($)	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018	Feb. 23, 2019
Debt Instrument [Line Items]
Unamortized debt discounts	$ 117,800,000		$ 197,000,000
Deferred financing costs	$ 62,400,000		65,200,000
Debt covenant - maximum cumulative distributions limit as a percentage of total assets	4.00%
Amount of debt repurchase amount	$ 722,500,000	$ 16,400,000
Gain (loss) on debt extinguishment	(42,700,000)	$ 0
Book value of debt			10,586,400,000
Outstanding balance on letters of credit	143,000,000		143,000,000
Asset-Based Loan Facility | Line of credit
Debt Instrument [Line Items]
Outstanding balance on line of credit	0
LOC Sub-facility
Debt Instrument [Line Items]
Outstanding balance on letters of credit	513,600,000		$ 520,800,000
Notes payable | Safeway Notes, Maturity 2020 to 2031
Debt Instrument [Line Items]
Par value of debt repurchased	34,100,000
Amount of debt repurchase amount	32,600,000
Interest expense on debt	700,000
Gain (loss) on debt extinguishment	(500,000)
Book value of debt	33,300,000
Notes payable | NALP Notes Tender
Debt Instrument [Line Items]
Par value of debt repurchased	402,900,000
Amount of debt repurchase amount	382,700,000
Interest expense on debt	8,200,000
Gain (loss) on debt extinguishment	(19,100,000)
Book value of debt	363,700,000
Notes payable | NALP Notes Repurchase
Debt Instrument [Line Items]
Par value of debt repurchased	300,800,000
Amount of debt repurchase amount	294,400,000
Interest expense on debt	6,500,000
Gain (loss) on debt extinguishment	(23,100,000)
Book value of debt	271,300,000
Maximum
Debt Instrument [Line Items]
Debt covenant - maximum cumulative distributions limit	$ 1,000,000,000

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	Jun. 16, 2019USD ($)facilitytransactionstore	Jun. 15, 2019USD ($)
Lessee, Lease, Description [Line Items]
Future minimum sublease income		$ 357.4
Minimum
Lessee, Lease, Description [Line Items]
Real estate lease period		15 years
Maximum
Lessee, Lease, Description [Line Items]
Real estate lease period		20 years
Subsequent Event
Lessee, Lease, Description [Line Items]
Number of sale leaseback transactions | transaction	2
Number of properties sold and leaseback | store	50
Number of facilities sold | facility	1
Aggregate purchase price, net of closing costs	$ 886
Aggregate initial annual rent payment	50
Estimated amount of operating lease right-of-use assets	583
Estimated amount of operating lease liabilities	$ 583
Subsequent Event | Minimum
Lessee, Lease, Description [Line Items]
Annual rental payment increase period two	P15Y
Percent increase in rent payment	1.50%
Subsequent Event | Maximum
Lessee, Lease, Description [Line Items]
Annual rental payment increase period two	P20Y
Percent increase in rent payment	1.75%

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) $ in Millions	4 Months Ended
	Jun. 15, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 287.2
Finance lease cost
Amortization of lease assets	28.6
Interest on lease liabilities	25.5
Variable lease expense	118.9
Sublease income	(32.4)
Total lease cost, net	$ 427.8

LEASES - Balance Sheet Informat

LEASES - Balance Sheet Information (Details) $ in Millions	Jun. 15, 2019USD ($)
Assets
Operating lease right-of-use assets	$ 5,280.8
Property and equipment, net	509.9
Total lease assets	5,790.7
Current
Current maturities of operating lease obligations	523.2
Current maturities of long-term debt and finance lease obligations	96.2
Current
Long-term operating lease obligations	4,898
Long-term debt and finance lease obligations	658.6
Total lease liabilities	$ 6,176

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) $ in Millions	4 Months Ended
	Jun. 15, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating lease liabilities	$ 269.9
Operating cash flows from finance leases	25.5
Financing cash flows from finance leases	27.7
ROU assets obtained in exchange for operating lease obligations	182.4
ROU assets obtained in exchange for finance lease obligations	$ 0
Weighted average remaining lease term - operating leases (in years)	11 years 8 months 12 days
Weighted average remaining lease term - finance leases (in years)	9 years 3 months 18 days
Weighted average discount rate - operating leases	7.10%
Weighted average discount rate - finance leases	13.80%

LEASES - Future Minimum Lease P

LEASES - Future Minimum Lease Payments to be Made (Details) - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Operating Leases
Remainder of 2019	$ 619.6
2020	868.2
2021	813.5
2022	753.9
2023	681.3
Thereafter	4,493.4
Total future minimum obligations	8,229.9
Less interest	(2,808.7)
Total operating lease liabilities	5,421.2
Current maturities of operating lease obligations	(523.2)
Long-term operating lease obligations	4,898
Finance Leases
Remainder of 2019	119
2020	152.7
2021	138.2
2022	126.4
2023	116.9
Thereafter	522.5
Total future minimum obligations	1,175.7
Less interest	(420.9)
Finance lease obligations (see Note 5)	754.8
Less current portion	(96.2)
Long-term debt and finance lease obligations	$ 658.6
Operating Leases, Before Adoption
2019		$ 879.7
2020		840.5
2021		783.2
2022		723.6
2023		651
Thereafter		4,338.6
Total future minimum obligations		8,216.6
Capital Leases
2019		170.5
2020		151.3
2021		134.9
2022		123.1
2023		114.1
Thereafter		509.1
Total future minimum obligations		1,203
Less interest		(440.7)
Present value of net future minimum lease obligations		762.3
Less current portion		(97.3)
Long-term obligations		$ 665

EMPLOYEE BENEFIT PLANS - Schedu

EMPLOYEE BENEFIT PLANS - Schedule of Components of Net Pension and Post-retirement Expense (Details) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated return on plan assets	$ (33.9)	$ (34.6)
Service cost	4.5	16.1
Interest cost	24.8	26.4
Amortization of prior service cost	0.1	0
Amortization of net actuarial loss (gain)	0.2	(1.9)
Net (income) expense	(4.3)	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
Service cost	0.2	0.3
Interest cost	0.2	0.2
Amortization of prior service cost	1.1	1.1
Amortization of net actuarial loss (gain)	(0.1)	(0.1)
Net (income) expense	$ 1.4	$ 1.5

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018
Retirement Benefits [Abstract]
Contribution made to defined benefit plan	$ 5.2	$ 5.5
Expected future employer contributions for remainder of the fiscal year	7.2
Defined contribution plan costs	$ 18.6	$ 14

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS - Guarantees (Details) - USD ($) $ in Millions	Jun. 15, 2019	Feb. 23, 2019
Commitments and Contingencies Disclosure [Abstract]
Outstanding balance on letters of credit	$ 143	$ 143

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS - Legal Contingencies (Details) $ in Millions	4 Months Ended	12 Months Ended
	Jun. 15, 2019USD ($)lawsuit	Jan. 03, 2015claimstore	Aug. 29, 2018claim	Oct. 06, 2015incident
Security breach
Loss Contingencies [Line Items]
Number of stores | store		800
Number of claims filed and dismissed		2
Security breach | Threatened litigation
Loss Contingencies [Line Items]
Number of data breach incidents | incident				2
Safeway's 401(k) Plan | Pending litigation | Safeway Inc
Loss Contingencies [Line Items]
Number of lawsuits filed against the company | lawsuit	2
Qui Tam Lawsuits | Pending litigation
Loss Contingencies [Line Items]
Number of lawsuits filed against the company | lawsuit	2
Qui Tam Lawsuits | Pending litigation | Minimum
Loss Contingencies [Line Items]
Loss contingency, amount of damages sought | $	$ 100
Various State Courts | Threatened litigation
Loss Contingencies [Line Items]
Number of lawsuits filed against the company			49
Consolidated cases for multidistrict litigation
Loss Contingencies [Line Items]
Number of lawsuits filed against the company			1,800

OTHER COMPREHENSIVE INCOME OR_3

OTHER COMPREHENSIVE INCOME OR LOSS - Changes in the AOCI Balance (Details) - USD ($) $ in Millions	4 Months Ended
	Jun. 15, 2019	Jun. 16, 2018	Feb. 24, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,450.7	$ 1,398.2
Cumulative effect of accounting change			$ 574.6
Other comprehensive (loss) income before reclassifications	(23.9)	7.3
Amounts reclassified from accumulated other comprehensive income	(1.2)	0.9
Tax (expense) benefit	6.6	(2.3)
Other comprehensive (loss) income	(1.9)	5.9
Ending balance	2,054.4	1,391.3
Accumulated other comprehensive income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	91.3	191.1
Cumulative effect of accounting change			16.6
Other comprehensive (loss) income		5.9
Ending balance	89.4	197
Interest rate swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	3.4	18.9
Other comprehensive (loss) income before reclassifications	(35.7)	8.7
Amounts reclassified from accumulated other comprehensive income	(2.5)	2.5
Tax (expense) benefit	10	(3)
Other comprehensive (loss) income	(27)	8.2
Ending balance	(23.6)	27.1
Pension and Post-retirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	88.8	171.9
Other comprehensive (loss) income before reclassifications	10.1	0
Amounts reclassified from accumulated other comprehensive income	1.3	(0.9)
Tax (expense) benefit	(2.9)	0.3
Other comprehensive (loss) income	23.4	(0.6)
Ending balance	112.2	171.3
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1.4)	(1.1)
Other comprehensive (loss) income before reclassifications	0	(0.7)
Amounts reclassified from accumulated other comprehensive income	0	0
Tax (expense) benefit	0	0.1
Other comprehensive (loss) income	0	(0.6)
Ending balance	(1.4)	(1.7)
Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.5	1.4
Other comprehensive (loss) income before reclassifications	1.7	(0.7)
Amounts reclassified from accumulated other comprehensive income	0	(0.7)
Tax (expense) benefit	(0.5)	0.3
Other comprehensive (loss) income	1.7	(1.1)
Ending balance	$ 2.2	$ 0.3
ASU 2016-02
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of accounting change			16.6
ASU 2016-02 | Interest rate swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of accounting change			1.2
ASU 2016-02 | Pension and Post-retirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of accounting change			14.9
ASU 2016-02 | Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of accounting change			0
ASU 2016-02 | Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of accounting change			$ 0.5