ALBERTSONS COMPANIES, INC., 10-K filed on 4/21/2025
Annual Report
v3.25.1
Cover page - USD ($)
$ in Billions
 12 Months Ended
Feb. 22, 2025
Apr. 17, 2025
Sep. 06, 2024
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Feb. 22, 2025    
Current Fiscal Year End Date --02-22    
Document Transition Report false    
Entity File Number 001-39350    
Entity Registrant Name Albertsons Companies, Inc.    
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    
Title of 12(b) Security Class A common stock, $0.01 par value    
Trading Symbol ACI    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 7.8
Entity Common Stock, Shares Outstanding   575,749,857  
Documents Incorporated by Reference Items 10, 11, 12, 13 and 14 of Part III incorporate information by reference from the registrant's definitive proxy statement related to its 2025 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year ended February 22, 2025 (the "Proxy Statement").    
Entity Central Index Key 0001646972    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.1
Audit Information
 12 Months Ended
Feb. 22, 2025
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Boise, Idaho
Auditor Firm ID 34
v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Current assets    
Cash and cash equivalents $ 293.6 $ 188.7
Receivables, net 834.8 724.4
Inventories, net 4,989.0 4,945.2
Prepaid assets 338.8 370.3
Other current assets 102.8 58.9
Total current assets 6,559.0 6,287.5
Property and equipment, net 9,811.0 9,570.3
Operating lease right-of-use assets 6,153.4 5,981.6
Intangible assets, net 2,318.0 2,434.5
Goodwill 1,201.0 1,201.0
Other assets 713.3 746.2
TOTAL ASSETS 26,755.7 26,221.1
Current liabilities    
Accounts payable 4,092.7 4,218.2
Accrued salaries and wages 1,345.2 1,302.6
Current maturities of long-term debt and finance lease obligations 57.6 285.2
Current operating lease obligations 705.5 677.6
Current portion of self-insurance liability 374.0 367.7
Taxes other than income taxes 393.9 325.4
Other current liabilities 282.1 281.0
Total current liabilities 7,251.0 7,457.7
Long-term debt and finance lease obligations 7,762.5 7,783.4
Long-term operating lease obligations 5,657.2 5,493.2
Deferred income taxes 824.1 807.6
Long-term self-insurance liability 922.1 899.9
Other long-term liabilities 952.9 1,031.8
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Additional paid-in capital 2,184.0 2,129.6
Treasury stock, at cost, 22,522,934 and 18,397,745 shares held as of February 22, 2025 and February 24, 2024, respectively (386.7) (304.2)
Accumulated other comprehensive income 94.7 88.0
Retained earnings 1,487.9 828.2
Total stockholders' equity 3,385.9 2,747.5
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 26,755.7 26,221.1
Series A convertible preferred stock    
Current liabilities    
Undesignated preferred stock 0.0 0.0
Series A-1 convertible preferred stock    
Current liabilities    
Undesignated preferred stock 0.0 0.0
Undesignated preferred stock    
STOCKHOLDERS' EQUITY    
Undesignated preferred stock, $0.01 par value; 96,840,000 shares authorized, no shares issued as of February 22, 2025 and February 24, 2024 0.0 0.0
Class A common stock    
STOCKHOLDERS' EQUITY    
Common stock 6.0 5.9
Class A-1 convertible common stock    
STOCKHOLDERS' EQUITY    
Common stock $ 0.0 $ 0.0
v3.25.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Feb. 22, 2025
Feb. 24, 2024
Common stock shares issued (in shares) 597,964,926  
Treasury stock, at cost (in shares) 22,522,934 18,397,745
Series A convertible preferred stock    
Temporary equity, par or stated value per share (in dollars per share) $ 0.01 $ 0.01
Temporary equity, shares authorized (in shares) 1,750,000 1,750,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Series A-1 convertible preferred stock    
Temporary equity, par or stated value per share (in dollars per share) $ 0.01 $ 0.01
Temporary equity, shares authorized (in shares) 1,410,000 1,410,000
Temporary equity, shares issued (in shares) 0 0
Temporary equity, shares outstanding (in shares) 0 0
Undesignated preferred stock    
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 96,840,000 96,840,000
Preferred stock, shares issued (in shares) 0 0
Class A common stock    
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 issued (in shares) 597,964,926 594,445,268
Class A-1 convertible common stock    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 150,000,000 150,000,000
Common stock shares issued (in shares) 0 0
v3.25.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Income Statement [Abstract]      
Net sales and other revenue $ 80,390.9 $ 79,237.7 $ 77,649.7
Cost of sales 58,135.3 57,192.0 55,894.1
Gross margin 22,255.6 22,045.7 21,755.6
Selling and administrative expenses 20,613.7 19,932.9 19,596.0
Loss (gain) on property dispositions and impairment losses, net 95.8 43.9 (147.5)
Operating income 1,546.1 2,068.9 2,307.1
Interest expense, net 459.8 492.1 404.6
Other income, net (43.4) (12.2) (33.0)
Income before income taxes 1,129.7 1,589.0 1,935.5
Income tax expense 171.1 293.0 422.0
Net income 958.6 1,296.0 1,513.5
Other comprehensive income (loss), net of tax:      
Recognition of pension gain 4.9 15.8 4.6
Other 1.8 2.9 (4.3)
Other comprehensive income 6.7 18.7 0.3
Comprehensive income $ 965.3 $ 1,314.7 $ 1,513.8
Net income per Class A common share:      
Basic net income per Class A common share (in dollars per share) $ 1.65 $ 2.25 $ 2.29
Diluted net income per Class A common share (in dollars per share) $ 1.64 $ 2.23 $ 2.27
Weighted average Class A common shares outstanding:      
Basic (in shares) 580.1 575.4 529.0
Diluted (in shares) 583.8 581.1 534.0
v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Cash flows from operating activities:      
Net income $ 958.6 $ 1,296.0 $ 1,513.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on property dispositions and impairment losses, net 95.8 43.9 (147.5)
Depreciation and amortization 1,817.9 1,779.0 1,807.1
Operating lease right-of-use assets amortization 681.2 665.2 652.7
LIFO expense 28.6 52.0 268.0
Deferred income tax (105.1) (112.6) 12.9
Pension and post-retirement benefits expense (income) 8.7 (2.9) (21.7)
Contributions to pension and post-retirement benefit plans (91.3) (18.3) (27.3)
Deferred financing costs 16.3 15.6 16.9
Equity-based compensation expense 106.2 104.5 138.3
Other operating activities (26.0) 1.4 (6.6)
Changes in operating assets and liabilities:      
Receivables, net (113.8) (36.3) (127.1)
Inventories, net (72.4) (215.3) (549.1)
Accounts payable, accrued salaries and wages and other accrued liabilities (170.1) 100.5 (164.2)
Operating lease liabilities (673.0) (654.1) (637.7)
Pension withdrawal liabilities (15.5) (88.7) (103.4)
Self-insurance assets and liabilities 45.9 30.6 56.2
Other operating assets and liabilities 188.6 (301.0) 172.9
Net cash provided by operating activities 2,680.6 2,659.5 2,853.9
Cash flows from investing activities:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,931.2) (2,031.3) (2,153.9)
Proceeds from sale of assets 31.4 217.6 195.2
Other investing activities 8.0 67.0 (18.6)
Net cash used in investing activities (1,891.8) (1,746.7) (1,977.3)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, including ABL facility 50.0 150.0 2,150.0
Payments on long-term borrowings, including ABL facility (250.9) (950.8) (1,150.8)
Payments of obligations under finance leases (60.6) (69.3) (71.6)
Special dividend paid 0.0 0.0 (3,916.9)
Dividends paid on common stock (295.1) (276.2) (255.1)
Dividends paid on convertible preferred stock 0.0 (0.8) (65.3)
Treasury stock purchase, at cost (82.5) 0.0 0.0
Employee tax withholding on vesting of restricted stock units (45.0) (38.8) (44.0)
Other financing activities 0.0 2.5 (11.7)
Net cash used in financing activities (684.1) (1,183.4) (3,365.4)
Net increase (decrease) in cash and cash equivalents and restricted cash 104.7 (270.6) (2,488.8)
Cash and cash equivalents and restricted cash at beginning of period 193.2 463.8 2,952.6
Cash and cash equivalents and restricted cash at end of period 297.9 193.2 463.8
Reconciliation of capital investments:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,931.2) (2,031.3) (2,153.9)
Lease buyouts 3.7 (5.3) (2.8)
Total payments for capital investments, excluding lease buyouts (1,927.5) (2,036.6) (2,156.7)
Non-cash investing and financing activities were as follows:      
Additions of finance lease obligations, excluding business acquisitions 42.9 21.6 23.3
Purchases of property and equipment included in accounts payable 324.8 246.8 333.5
Interest and income taxes paid:      
Interest paid, net of amount capitalized 444.3 484.2 395.3
Income taxes paid $ 168.4 $ 405.4 $ 220.9
v3.25.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Millions
Total
Class A Common Stock
Additional paid in capital
Treasury Stock
Accumulated other comprehensive income
Retained earnings (accumulated deficit)
Beginning balance (in shares) at Feb. 26, 2022   587,904,283        
Beginning balance at Feb. 26, 2022 $ 3,024.6 $ 5.9 $ 2,032.2 $ (1,647.4) $ 69.0 $ 2,564.9
Beginning balance (in shares) at Feb. 26, 2022       99,640,065    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Equity-based compensation 112.4   112.4      
Shares issued and employee tax withholding on vesting of restricted stock units (in shares)   3,064,317        
Shares issued and employee tax withholding on vesting of restricted stock units (44.0)   (44.0)      
Convertible preferred stock conversions 1,232.8   (61.0) $ 1,295.2   (1.4)
Convertible preferred stock conversions (in shares)       (78,339,120)    
Cash dividends declared on common stock (255.1)         (255.1)
Special dividend declared (3,921.3)   31.3     (3,952.6)
Dividends accrued on convertible preferred stock (51.0)         (51.0)
Net income 1,513.5         1,513.5
Other comprehensive income, net of tax 0.3       0.3  
Other activity (1.5)   1.8     (3.3)
Ending balance (in shares) at Feb. 25, 2023   590,968,600        
Ending balance at Feb. 25, 2023 1,610.7 $ 5.9 2,072.7 $ (352.2) 69.3 (185.0)
Ending balance (in shares) at Feb. 25, 2023       21,300,945    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Equity-based compensation 91.5   91.5      
Shares issued and employee tax withholding on vesting of restricted stock units (in shares)   3,476,668        
Shares issued and employee tax withholding on vesting of restricted stock units (38.8)   (38.8)      
Convertible preferred stock conversions 45.7     $ 48.0   (2.3)
Convertible preferred stock conversions (in shares)       (2,903,200)    
Cash dividends declared on common stock (276.2)         (276.2)
Dividends accrued on convertible preferred stock (0.3)         (0.3)
Net income 1,296.0         1,296.0
Other comprehensive income, net of tax 18.7       18.7  
Other activity 0.2   4.2     (4.0)
Ending balance (in shares) at Feb. 24, 2024   594,445,268        
Ending balance at Feb. 24, 2024 $ 2,747.5 $ 5.9 2,129.6 $ (304.2) 88.0 828.2
Ending balance (in shares) at Feb. 24, 2024 18,397,745     18,397,745    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Equity-based compensation $ 99.5   99.5      
Shares issued and employee tax withholding on vesting of restricted stock units (in shares)   3,519,658        
Shares issued and employee tax withholding on vesting of restricted stock units (44.9) $ 0.1 (45.0)      
Repurchase of common stock (in shares)       4,118,733    
Repurchase of common stock (82.5)     $ (82.5)    
Cash dividends declared on common stock (295.1)         (295.1)
Net income 958.6         958.6
Other comprehensive income, net of tax 6.7       6.7  
Other activity (3.9)   (0.1)     (3.8)
Stockholders' Equity, Other Shares       6,456    
Ending balance (in shares) at Feb. 22, 2025   597,964,926        
Ending balance at Feb. 22, 2025 $ 3,385.9 $ 6.0 $ 2,184.0 $ (386.7) $ 94.7 $ 1,487.9
Ending balance (in shares) at Feb. 22, 2025 22,522,934     22,522,934    
v3.25.1
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Dividends declared (in dollars per share) $ 0.51 $ 0.48 $ 0.48
Class A common stock      
Dividends declared (in dollars per share)     $ 6.85
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Feb. 22, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business

Albertsons Companies, Inc. and its subsidiaries (the "Company" or "ACI") is a food and drug retailer that, as of February 22, 2025, operated 2,270 retail stores together with 405 associated fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. The Company's retail food businesses and in-store pharmacies operate throughout the United States (U.S.) under more than 20 well known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, ACME, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci's Food Lovers Market. The Company has no separate assets or liabilities other than its investments in its subsidiaries, and all of its business operations are conducted through its operating subsidiaries.

Basis of Presentation

The Company's Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Intercompany transactions and accounts have been eliminated in consolidation for all periods presented.

Significant Accounting Policies

Fiscal year: The Company's fiscal year ends on the last Saturday in February. Unless the context otherwise indicates, reference to a fiscal year of the Company refers to the calendar year in which such fiscal year commences. The Company's first quarter consists of 16 weeks, the second, third and fourth quarters generally each consist of 12 weeks, and the fiscal year generally consists of 52 weeks.

Use of estimates: The preparation of the Company's Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the reporting periods presented. Certain estimates require difficult, subjective or complex judgments about matters that are inherently uncertain. Actual results could differ from those estimates.

Cash and cash equivalents: Cash equivalents include all highly liquid investments with original maturities of three months or less at the time of purchase and outstanding deposits related to credit and debit card sales transactions that settle within a few days. Cash and cash equivalents related to credit and debit card transactions were $570.8 million and $558.9 million as of February 22, 2025 and February 24, 2024, respectively. The Company has cash and cash equivalents that are in excess of federally insured limits. Though the Company has not experienced any losses on its cash and cash equivalents to date and it does not anticipate incurring any losses, the Company cannot be assured that it will not experience losses on its cash and cash equivalents.

Restricted cash: Restricted cash is included in Other current assets and Other assets depending on the remaining term of the restriction and primarily relates to surety bonds. The Company had $4.3 million and $4.5 million of restricted cash as of February 22, 2025 and February 24, 2024, respectively.

Receivables, net: Receivables consist primarily of trade accounts receivable, pharmacy accounts receivable, tenant receivables and vendor receivables. Management makes estimates of the uncollectibility of its accounts receivable. In determining the adequacy of the allowances for doubtful accounts, management analyzes the value of collateral, historical collection experience, aging of receivables and other economic and industry factors. It is possible that the accuracy of the estimation process could be materially impacted by different judgments, estimations and
assumptions based on the information considered and could result in a further adjustment of receivables. The allowance for doubtful accounts and bad debt expense were not material for any of the periods presented.

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.

As of February 22, 2025, and February 24, 2024, approximately 86.2% and 85.5%, respectively, of the Company's inventories were valued under the last-in, first-out ("LIFO") method. The Company primarily uses the retail inventory or cost method to determine inventory cost before application of any LIFO adjustment. Under the retail inventory method, inventory cost is determined, before the application of any LIFO adjustment, by applying a cost-to-retail ratio to various categories of similar items to the retail value of those items. Under the cost method, the most recent purchase cost is used to determine the cost of inventory before the application of any LIFO adjustment. Replacement or current cost was higher than the carrying amount of inventories valued using LIFO by $666.0 million and $637.4 million as of February 22, 2025 and February 24, 2024, respectively. During fiscal 2024, fiscal 2023 and fiscal 2022, inventory quantities in certain LIFO layers were reduced. These reductions resulted in a liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years as compared with the cost of fiscal 2024, fiscal 2023 and fiscal 2022 purchases. As a result, cost of sales decreased by $0.9 million, $19.0 million and $0.5 million in fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Cost for the remaining inventories, which consists primarily of certain perishable and fuel inventories, was determined using the most recent purchase cost, which approximates the first-in, first-out ("FIFO") method. Perishables are counted every four weeks and are carried at the last purchased cost which approximates FIFO cost. Fuel inventories are carried at the last purchased cost, which approximates FIFO cost. The Company records inventory shortages based on actual physical counts at its facilities and also provides allowances for inventory shortages for the period between the last physical count and the balance sheet date.

Property and equipment, net: Property and equipment is recorded at cost or fair value for assets acquired as part of a business combination, and depreciation is calculated on the straight-line method over the estimated useful lives of the assets. Estimated useful lives are generally as follows: buildings - seven to 40 years; leasehold improvements - the shorter of the remaining lease term or ten to 20 years; and fixtures and equipment - three to 20 years.

Property and equipment under finance leases are recorded at the lower of the present value of the future minimum lease payments or the fair value of the asset and are amortized on the straight-line method over the lesser of the lease term or the estimated useful life. Interest capitalized on property under construction was immaterial for all periods presented.

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. Operating and finance lease assets and liabilities are recognized at the lease commencement date. Operating leases are included in operating lease right-of-use ("ROU") assets, current operating lease obligations and long-term operating lease obligations on the Consolidated Balance Sheets. Finance leases are included in Property and equipment, net, current maturities of long-term debt and finance lease obligations and long-term debt and finance lease obligations on the Consolidated Balance Sheets. Operating lease 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 based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate, which is estimated to approximate the interest rate on a collateralized basis with similar terms, is used in calculating the present value of the sum of the lease payments. Operating lease assets are based on 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 primarily relate to common area maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all asset classes. 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.

Impairment of long-lived assets: The Company regularly reviews the operating performance of its individual stores and other long-lived assets, together with current market conditions, for indicators of impairment. When events or changes in circumstances indicate that the carrying value of the individual store's assets or other long-lived assets may not be recoverable, their future undiscounted cash flows are compared to the carrying value. If the carrying value of the asset is greater than the estimated undiscounted future cash flows, the carrying value of the asset is compared to the asset's estimated fair value and an impairment loss is recognized when the asset's carrying value exceeds its estimated fair value. For assets held for sale, the Company recognizes impairment charges for the excess of the carrying value plus estimated costs of disposal over the fair value. Fair values are determined using an income or market approach based on estimated cash flow expected. The Company uses multiple inputs, including projected future cash flows and discount rates, to determine the estimated fair value, for which actual results could differ due to inherent uncertainty involved in estimating fair value. Long-lived asset impairments are recorded as a component of Loss (gain) on property dispositions and impairment losses, net.

Intangible assets, net: Intangible assets with finite lives consist primarily of trade names, customer prescription files and internally developed software. Intangible assets with finite lives are amortized on a straight-line basis over an estimated economic life ranging from three to 40 years. The Company reviews finite-lived intangible assets for impairment in accordance with its policy for long-lived assets. Intangible assets with indefinite useful lives, which are not amortized, consist of restricted covenants and liquor licenses. The Company reviews intangible assets with indefinite useful lives and tests for impairment annually on the first day of the fourth quarter and also if events or changes in circumstances indicate the occurrence of a triggering event. The review consists of comparing the estimated fair value of the cash flows generated by the asset to the carrying value of the asset.

Cloud computing arrangements that are service contracts: The Company enters into hosted cloud computing arrangements that are considered to be service contracts and capitalizes certain development costs related to implementing the cloud computing arrangement. As of February 22, 2025 and February 24, 2024, the Company had capitalized implementation costs of $246.9 million and $275.9 million, respectively, included in Other assets. The Company amortizes the costs over the related service contract period of the hosting arrangement. Amortization expense for the implementation costs was $80.7 million, $80.5 million and $64.9 million for fiscal 2024, fiscal 2023 and fiscal 2022 respectively, and is included within Selling and administrative expenses. In fiscal 2024 and fiscal 2022, there were no impairment and disposal losses related to capitalized implementation costs. In fiscal 2023, there was $23.4 million of impairment and disposal losses related to capitalized implementation costs, recorded as a component of Loss (gain) on property dispositions and impairment losses, net.

Goodwill: Goodwill represents the difference between the purchase price and the fair value of assets and liabilities acquired in a business combination. Goodwill is not amortized as the Company reviews goodwill for impairment annually on the first day of its fourth quarter and also if events or changes in circumstances indicate the occurrence of a triggering event. The Company reviews goodwill for impairment by initially considering qualitative factors to determine whether it is necessary to perform a quantitative analysis. If it is determined that it is more likely than not that the fair value of reporting unit is less than its carrying amount, a quantitative analysis is performed to identify goodwill impairment. If it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, it is unnecessary to perform a quantitative analysis. The Company may elect to bypass the qualitative assessment and proceed directly to performing a quantitative analysis. Based on the qualitative analysis performed in fiscal 2024, the Company determined that there was no goodwill impairment.
Business combination measurements: In accordance with applicable accounting standards, the Company estimates the fair value of acquired assets and assumed liabilities as of the acquisition date of business combinations. These fair value adjustments are input into the calculation of goodwill related to the excess of the purchase price over the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition.

The fair value of assets acquired and liabilities assumed are determined using market, income and cost approaches from the perspective of a market participant. The fair value measurements can be based on significant inputs that are not readily observable in the market. The market approach indicates value for a subject asset based on available market pricing for comparable assets. The market approach used includes prices and other relevant information generated by market transactions involving comparable assets, as well as pricing guides and other sources. The income approach indicates value for a subject asset based on the present value of cash flows projected to be generated by the asset. Projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money. The cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, is used for certain assets for which the market and income approaches could not be applied due to the nature of the asset. The cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset, adjusted for obsolescence, whether physical, functional or economic.

Equity method investments: Investments in certain companies over which the Company exerts significant influence, but does not control the financial and operating decisions, are accounted for as equity method investments. For equity method investments, the Company regularly reviews its investments to determine whether there is a decline in fair value below carrying value. If there is a decline that is other-than-temporary, the investment is written down to fair value. As of February 22, 2025 and February 24, 2024, the Company has equity method investments of $82.3 million and $78.2 million, respectively, included in Other assets. Equity in earnings from unconsolidated affiliates is included in Other income, net, including income of $4.1 million in fiscal 2024, losses of $8.7 million in fiscal 2023 and income of $11.8 million in fiscal 2022.

The Company's equity method investments previously included an equity interest in Mexico Foods Parent LLC and La Fabrica Parent LLC ("El Rancho"), a Texas-based specialty grocer. During fiscal 2023, El Rancho exercised its contractual option to repurchase the Company's 45% ownership interest in El Rancho and the Company received proceeds of $166.1 million. As a result, the Company realized a gain of $10.5 million during fiscal 2023, included in Other income, net.

Other investments: Investments in equity securities with a readily determinable fair value, not accounted for under the equity method, are recorded at fair value with realized and unrealized gains and losses included in Other income, net. For equity securities without a readily determinable fair value, the investment is recorded at cost, less any impairment, plus or minus adjustments related to observable transactions for the same or similar securities, with realized and unrealized gains and losses included in Other income, net. As of February 22, 2025, the Company has other investments of $26.0 million, included in Other current assets, and $50.8 million, included in Other assets. As of February 24, 2024 the Company has $39.4 million, included in Other assets. Net realized and unrealized gains were $34.9 million for fiscal 2024. Net realized and unrealized losses were $1.3 million and $11.5 million for fiscal 2023 and fiscal 2022, respectively.

Company-Owned life insurance policies ("COLI"): The Company has COLI policies that have a cash surrender value. The Company has loans against these policies. The Company has no intention of repaying the loans prior to maturity or cancellation of the policies. Therefore, the Company offsets the cash surrender value by the related loans. As of February 22, 2025 and February 24, 2024, the cash surrender values of the policies were $138.1 million and $136.2 million, and the balances of the policy loans were $83.1 million and $82.3 million, respectively. The net balance of the COLI policies is included in Other assets.
Derivatives: The Company has entered into contracts to purchase electricity and natural gas at fixed prices for a portion of its energy needs. The Company expects to take delivery of the electricity and natural gas in the normal course of business. Contracts that qualify for the normal purchase exception under derivatives and hedging accounting guidance are not recorded at fair value. Energy purchased under these contracts is expensed as delivered. The Company also manages its exposure to changes in diesel prices utilized in the Company's distribution process through the use of short-term heating oil derivative contracts. These contracts are economic hedges of price risk and are not designated or accounted for as hedging instruments for accounting purposes. Changes in the fair value of these instruments are recognized in current period earnings.

Self-Insurance liabilities: The Company is primarily self-insured for workers' compensation, property, automobile and general liability. The self-insurance liability is undiscounted and determined actuarially, based on claims filed and an estimate of claims incurred but not yet reported. The Company has established stop-loss amounts that limit the Company's further exposure after a claim reaches the designated stop-loss threshold. Stop-loss amounts for claims incurred for the years presented range from $0.25 million to $10.0 million per claim, depending upon the type of insurance coverage and the year the claim was incurred. In determining its self-insurance liabilities, the Company performs a continuing review of its overall position and reserving techniques. Since recorded amounts are based on estimates, the ultimate cost of all incurred claims and related expenses may be more or less than the recorded liabilities.

The Company has reinsurance receivables of $19.1 million and $21.2 million recorded within Receivables, net and $38.2 million and $53.5 million recorded within Other assets as of February 22, 2025 and February 24, 2024, respectively. The self-insurance liabilities and related reinsurance receivables are recorded gross.

Changes in self-insurance liabilities consisted of the following (in millions):
February 22,
2025		February 24,
2024
Beginning balance$1,267.6 $1,234.1 
Expense, net of actuarial adjustments402.5 373.0 
Claim payments(374.0)(339.5)
Ending balance1,296.1 1,267.6 
Less current portion(374.0)(367.7)
Long-term portion$922.1 $899.9 

Benefit plans and Multiemployer plans: Substantially all of the Company's employees are covered by various contributory and non-contributory pension, profit sharing or 401(k) plans, in addition to sponsored defined benefit plans. Certain employees participate in a long-term retention incentive bonus plan. The Company also provides certain health and welfare benefits, including short-term and long-term disability benefits to inactive disabled employees prior to retirement.

The Company recognizes a liability for the underfunded status of the defined benefit plans as a component of Other long-term liabilities. Actuarial gains or losses and prior service costs or credits are recorded within Other comprehensive income (loss). The determination of the Company's obligation and related expense for its sponsored pensions and other post-retirement benefits is dependent, in part, on management's selection of certain actuarial assumptions in calculating these amounts. These assumptions include, among other things, the discount rate and expected long-term rate of return on plan assets.

Most union employees participate in multiemployer retirement plans pursuant to collective bargaining agreements, unless the collective bargaining agreement provides for participation in plans sponsored by the Company. Pension expense for the multiemployer plans is recognized as contributions are funded.
Equity-based compensation: The Company recognizes equity-based compensation expense for restricted stock units ("Restricted Stock Units" or "RSUs") and restricted common stock of the Company ("RSAs") granted to employees and non-employee directors. Actual forfeitures are recognized as they occur. Equity-based compensation expense is based on the fair value on the grant date and is recognized over the requisite service period of the award, generally between one and three years from the date of the award. The fair value of the RSUs and RSAs with a service condition or performance-based condition is generally determined using the fair market value of the Company's Class A common stock on the grant date.

Revenue recognition: Revenues from the retail sale of products are recognized at the point of sale or delivery 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 $464.1 million and $376.1 million as of February 22, 2025 and February 24, 2024, respectively, and are recorded in Receivables, net. For digital related sales, which primarily include home delivery and Drive Up & Go curbside pickup, 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 in fiscal 2024 and fiscal 2023. Media advertising services are classified as either Net sales and other revenue or a reduction in Cost of sales depending on the nature of the media advertising arrangement.

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 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 $119.9 million and $111.4 million as of February 22, 2025 and February 24, 2024, respectively.

Disaggregated Revenues

The following table represents Net sales and other revenue by product type (dollars in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Amount
(1)		% of TotalAmount
(1)		% of TotalAmount
(1)		% of Total
Non-perishables (2)
$40,102.8 49.9 %$39,977.3 50.5 %$39,142.4 50.4 %
Fresh (3)25,507.3 31.7 %25,442.7 32.1 %25,585.4 32.9 %
Pharmacy9,597.2 11.9 %8,240.0 10.4 %6,769.3 8.7 %
Fuel3,980.6 5.0 %4,396.7 5.5 %4,857.6 6.3 %
Other (4)1,203.0 1.5 %1,181.0 1.5 %1,295.0 1.7 %
Total$80,390.9 100.0 %$79,237.7 100.0 %$77,649.7 100.0 %
(1) Digital related sales are included in the categories to which the revenue pertains.
(2) Consists primarily of general merchandise, grocery, dairy and frozen foods.
(3) Consists primarily of produce, meat, deli and prepared foods, bakery, floral and seafood.
(4) Consists primarily of wholesale sales to third parties, commissions, media advertising revenue, rental income and other miscellaneous revenue.
Cost of sales and vendor allowances: Cost of sales includes, among other things, purchasing and sourcing costs, inbound freight costs, product quality testing costs, warehousing and distribution costs, Own Brands program costs and digital-related delivery and handling costs.

The Company receives vendor allowances or rebates ("Vendor Allowances") for a variety of merchandising initiatives and buying activities. The terms of the Company's Vendor Allowances arrangements vary in length but are primarily expected to be completed within a quarter. The Company records Vendor Allowances as a reduction of Cost of sales when the associated products are sold. Vendor Allowances that have been earned as a result of completing the required performance under terms of the underlying agreements but for which the product has not yet been sold are recognized as reductions of inventory. The reduction of inventory for these Vendor Allowances was $71.7 million and $66.6 million as of February 22, 2025 and February 24, 2024, respectively.

Advertising costs are included in Cost of sales and are expensed in the period the advertising occurs. Cooperative advertising funds are recorded as a reduction of Cost of sales when the advertising occurs. Advertising costs were $530.0 million, $535.7 million and $498.2 million, net of cooperative advertising allowances of $62.3 million, $67.0 million and $63.9 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

Selling and administrative expenses: Selling and administrative expenses consist primarily of store and corporate employee-related costs such as salaries and wages, equity-based compensation, health and welfare benefits, workers' compensation and pension benefits, as well as rent, occupancy, debit and credit card fees, depreciation, utilities, amortization of intangibles and other operating and administrative costs.

Income taxes: The Company's income before taxes is primarily from domestic operations. Deferred taxes are provided for the net tax effects of temporary differences between the financial reporting and income tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Valuation allowances are established where management determines that it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company reviews tax positions taken or expected to be taken on tax returns to determine whether and to what extent a tax benefit can be recognized. The Company evaluates its positions taken and establishes liabilities in accordance with the applicable accounting guidance for uncertain tax positions. The Company reviews these liabilities as facts and circumstances change and adjusts accordingly. The Company recognizes any interest and penalties associated with uncertain tax positions as a component of Income tax expense. U.S. shareholders of a controlled foreign corporation are required to provide U.S. taxes on its share of global intangible low-taxed income ("GILTI"). The current and deferred tax impact of GILTI is not material to the Company. Accordingly, the Company will report the tax impact of GILTI as a period cost and not provide deferred taxes for the basis difference that would be expected to reverse as GILTI.

Recently adopted accounting standards: In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting Topic (280): Improvements to Reportable Segment Disclosure." The ASU updated reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The Company adopted this ASU beginning in the fourth quarter of fiscal 2024 on a retrospective basis for all periods presented, requiring additional disclosures in its consolidated financial statements. For additional information about the Company's segment reporting, see Note 15 - Segment Information.

Recently issued accounting standards: In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The ASU enhances the transparency and decision usefulness of income tax disclosures and is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures.
In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses." The ASU requires disclosures about specific types of expenses, including purchases of inventory, employee compensation, depreciation and amortization. The amendments in this ASU are effective for fiscal years beginning after December 15, 2026, and for interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures.
v3.25.1
TERMINATION OF THE MERGER AGREEMENT
 12 Months Ended
Feb. 22, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
TERMINATION OF THE MERGER AGREEMENT TERMINATION OF THE MERGER AGREEMENT
As previously disclosed, on October 13, 2022, the Company, The Kroger Co. ("Kroger") and Kettle Merger Sub, Inc., a wholly owned subsidiary of Kroger ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Merger Sub would have been merged with and into the Company (the "Merger"), with the Company surviving the Merger as the surviving corporation and a direct, wholly owned subsidiary of Kroger.

Pursuant to the Merger Agreement, each share of Class A common stock issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time"), would have converted automatically at the Effective Time into the right to receive from Kroger $34.10 per share in cash, without interest, reduced by the special cash dividend of $6.85 per share of Class A common stock which was paid on January 20, 2023. The adjusted per share cash purchase price was expected to be $27.25 per share of Class A common stock. All outstanding Company equity awards would have converted to Kroger equity awards as described in the Merger Agreement.

In connection with obtaining the requisite regulatory approval to consummate the Merger, on September 8, 2023, the Company and Kroger announced that the parties had entered into a definitive agreement with C&S Wholesale Grocers, LLC ("C&S") for the sale of select stores, banners, distribution centers, offices and private label brands. On April 22, 2024, the Company and Kroger announced they had amended the definitive agreement with C&S. The divestiture to C&S was subject to fulfillment of customary closing conditions, including clearance by the United States Federal Trade Commission ("FTC") and the completion of the proposed Merger.

On February 26, 2024, the FTC instituted an administrative proceeding to prohibit the Merger. On the same day, the FTC (joined by nine states) filed suit in the United States District Court for the District of Oregon, requesting a preliminary injunction to enjoin the consummation of the Merger. On January 15, 2024 and February 14, 2024, the attorneys general of the States of Washington and Colorado, respectively, filed suit in their respective state courts, also seeking to enjoin the consummation of the Merger.

On December 10, 2024, the United States District Court for the District of Oregon issued a preliminary injunction in the case Federal Trade Commission et al. v. The Kroger Company and Albertsons Companies, Inc. (Case No.: 3:24-cv-00347-AN), whereby the court enjoined the consummation of the Merger. In light of the preliminary injunction, and in accordance with Section 8.1(e) of the Merger Agreement, the Company exercised its right to terminate the Merger Agreement and sent a notice to Kroger on December 10, 2024 terminating the Merger Agreement.

Following the Company's termination of the Merger Agreement, on December 10, 2024, the Company filed a lawsuit against Kroger in the Court of Chancery in the State of Delaware, bringing claims for willful breach of the Merger Agreement and breach of the covenant of good faith and fair dealing arising from Kroger's failure to exercise "best efforts" and to take "any and all actions" to secure regulatory approval, as was required of Kroger under the terms of the Merger Agreement. The Company is seeking damages in an amount to be determined at trial, in addition to the $600 million termination fee which Kroger is already obligated to pay to the Company under the Merger Agreement.
On December 11, 2024, Kroger delivered a termination notice to the Company, alleging that the Company's December 10, 2024 termination notice was not effective and that Kroger had no obligation to pay the $600 million termination fee because the Company allegedly failed to perform and comply in all material respects with its covenants under the Merger Agreement. On March 25, 2025, Kroger answered the Company's lawsuit and brought counterclaims against the Company in connection with the Company's alleged failure to perform under the Merger Agreement.
v3.25.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Feb. 22, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment, net consisted of the following (in millions):
February 22,
2025		February 24,
2024
Land$2,094.6 $2,118.9 
Buildings5,787.7 5,537.7 
Property under construction815.9 692.4 
Leasehold improvements2,861.1 2,699.0 
Fixtures and equipment8,948.0 8,792.1 
Property and equipment under finance leases617.9 679.3 
Total property and equipment21,125.2 20,519.4 
Accumulated depreciation and amortization(11,314.2)(10,949.1)
Total property and equipment, net$9,811.0 $9,570.3 

Depreciation expense was $1,353.7 million, $1,334.1 million and $1,433.1 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Amortization expense related to finance lease assets was $45.8 million, $51.7 million and $55.5 million in fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Fixed asset impairment losses of $83.6 million, $0.9 million and $5.1 million were recorded as a component of Loss (gain) on property dispositions and impairment losses, net in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

During the fourth quarter of fiscal 2024, the Company performed an overall review of its retail store portfolio in consideration of its post-Merger business strategy. As a result, the Company identified certain stores with carrying values that exceeded their undiscounted cash flows, and recorded retail store impairment losses of $34.4 million in the fourth quarter of fiscal 2024, for a total of $53.9 million during fiscal 2024. The Company also recorded impairment losses of $29.7 million primarily related to equipment from the closing of our micro-fulfillment centers in fiscal 2024.
v3.25.1
INTANGIBLE ASSETS
 12 Months Ended
Feb. 22, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets, net consisted of the following (in millions):
February 22,
2025		February 24,
2024
Estimated useful lives (Years)Gross carrying amountAccumulated amortizationNetGross carrying amountAccumulated amortizationNet
Trade names40$1,935.8 $(507.7)$1,428.1 $1,935.8 $(459.1)$1,476.7 
Customer prescription files51,441.0 (1,400.2)40.8 1,430.9 (1,389.1)41.8 
Internally developed software
3 to 5
1,889.2 (1,127.5)761.7 1,769.5 (944.3)825.2 
Other intangible assets (1)
3 to 6
44.7 (41.6)3.1 66.1 (61.5)4.6 
Total finite-lived intangible assets5,310.7 (3,077.0)2,233.7 5,202.3 (2,854.0)2,348.3 
Liquor licenses and restricted covenantsIndefinite84.3 — 84.3 86.2 — 86.2 
Total intangible assets, net$5,395.0 $(3,077.0)$2,318.0 $5,288.5 $(2,854.0)$2,434.5 
(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.

Amortization expense for intangible assets was $337.7 million, $312.7 million and $253.6 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):
Fiscal YearAmortization Expected
2025$348.6 
2026283.2 
2027174.5 
202889.4 
202957.4 
Thereafter1,280.6 
Total$2,233.7 

In fiscal 2024 and fiscal 2023, there were $13.6 million and $39.9 million, respectively, of intangible asset impairment and disposal losses related to internally developed software recorded as a component of Loss (gain) on property dispositions and impairment losses, net. There were no intangible asset impairment and disposal losses in fiscal 2022.
v3.25.1
FAIR VALUE MEASUREMENTS
 12 Months Ended
Feb. 22, 2025
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; and
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 certain assets which are measured at fair value on a recurring basis as of February 22, 2025 (in millions):
 Fair Value Measurements
TotalQuoted prices 
in active markets
for identical
assets
(Level 1)		Significant
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets:
Short-term investments (1)$41.3 $6.8 $34.5 $— 
Non-current investments (2)
118.8 7.2 111.6 — 
Derivative contracts (3)0.3 — 0.3 — 
Total$160.4 $14.0 $146.4 $— 
Liabilities:
Derivative contracts (3)$0.6 $— $0.6 $— 
Total$0.6 $— $0.6 $— 
(1) Primarily relates to Mutual Funds (Level 1), and certain equity investments and Certificates of Deposit (Level 2). Included in Other current assets.
(2) Primarily relates to investments in Exchange-Traded Funds (Level 1), and certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to energy derivative contracts. Included in Other assets or Other current liabilities.
The following table presents certain assets which are measured at fair value on a recurring basis as of February 24, 2024 (in millions):
 Fair Value Measurements
TotalQuoted prices 
in active markets
for identical
assets
(Level 1)		Significant
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets:
Short-term investments (1)$23.3 $5.3 $18.0 $— 
Non-current investments (2)
107.3 6.4 100.9 — 
Derivative contracts (3)1.5 — 1.5 — 
Total$132.1 $11.7 $120.4 $— 
Liabilities:
Derivative contracts (3)$0.8 $— $0.8 $— 
Total$0.8 $— $0.8 $— 
(1) Primarily relates to Mutual Funds (Level 1) and Certificates of Deposit (Level 2). Included in Other current assets.
(2) Primarily relates to investments in Exchange-Traded Funds (Level 1), and certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to energy derivative contracts. Included in Other assets and Other current liabilities.

The Company records cash and cash equivalents, restricted cash, accounts receivable and accounts payable at cost. The recorded values of these financial instruments approximate fair value based on their short-term nature.

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 February 22, 2025, the fair value of total debt was $7,312.1 million compared to a carrying value of $7,452.4 million, excluding debt discounts and deferred financing costs. As of February 24, 2024, the fair value of total debt was $7,457.2 million compared to the carrying value of $7,684.2 million, excluding debt discounts and deferred financing costs.

Assets Measured at Fair Value on a Nonrecurring Basis

The Company measures certain assets at fair value on a non-recurring basis, including long-lived assets and goodwill, which are evaluated for impairment. Long-lived assets include store-related assets such as property and equipment, operating lease assets and certain intangible assets. The inputs used to determine the fair value of long-lived assets and a reporting unit are considered Level 3 measurements due to their subjective nature.

The Company recorded long-lived asset impairment and disposal losses of $104.2 million, $42.6 million and $5.1 million during fiscal 2024, fiscal 2023 and fiscal 2022, respectively.
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
 12 Months Ended
Feb. 22, 2025
Debt Disclosure [Abstract]  
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
The Company's long-term debt and finance lease obligations as of February 22, 2025 and February 24, 2024, net of unamortized debt discounts of $28.6 million and $33.3 million, respectively, and deferred financing costs of $31.6 million and $42.7 million, respectively, consisted of the following (in millions):
February 22,
2025		February 24,
2024
Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%
$6,517.0 $6,506.4 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
484.6 480.1 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
375.9 375.4 
ABL Facility— 200.0 
Other financing obligations14.7 46.3 
Finance lease obligations (see Note 7)
427.9 460.4 
Total debt7,820.1 8,068.6 
Less current maturities(57.6)(285.2)
Long-term portion$7,762.5 $7,783.4 

As of February 22, 2025, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2025$0.6 
20262,760.1 
20271,656.6 
202844.0 
20292,477.9 
Thereafter513.2 
Total$7,452.4 

The Company's amended and restated senior secured asset-based loan facility (as amended, 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 and the Company's senior unsecured notes (the "Senior Unsecured Notes"). Each of the ABL Facility 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 and the Senior Unsecured Notes each contain customary exceptions for certain dividends and distributions, if certain conditions are satisfied under the documentation governing the ABL Facility and the Senior Unsecured Notes. The Company was in compliance with all such covenants and provisions as of and for the fiscal year ended February 22, 2025.
ABL Facility

The Company's ABL Facility provides for a $4,000.0 million senior secured revolving credit facility, maturing on December 20, 2026. The ABL Facility has an interest rate of Term SOFR plus a margin ranging from 1.25% to
1.50% and also provides for a letters of credit ("LOC") sub-facility of $1,500.0 million. The unused commitment fee is 0.25% per annum.

As of February 22, 2025, there were no amounts outstanding under the ABL Facility as the Company repaid $250.0 million and borrowed $50.0 million during fiscal 2024, and LOC issued under the LOC sub-facility were $27.4 million. As of February 24, 2024, there was $200.0 million outstanding under the ABL Facility as the Company repaid $950.0 million and borrowed $150.0 million during fiscal 2023, and LOC issued under the LOC sub-facility were $48.3 million. On November 2, 2022, the Company provided notice to the lenders to borrow $1,400.0 million under the ABL Facility, which together with cash on hand was used to fund the payment of the Special Dividend (as defined below in Note 8 - Stockholders' Equity and Convertible Preferred Stock). Subsequently, during fiscal 2022, the Company repaid $400.0 million of the ABL Facility. During the fiscal years ended February 22, 2025 and February 24, 2024, the average interest rate on the ABL Facility was 7.1% and 6.5%, respectively.

The ABL Facility is guaranteed by the Company's existing and future direct and indirect wholly owned domestic subsidiaries that are not borrowers, subject to certain exceptions. The ABL Facility is secured by, subject to certain exceptions, (i) a first-priority lien on substantially all of the ABL Facility priority collateral and (ii) a first-priority lien on substantially all other assets (other than real property). The ABL Facility contains no financial covenant unless and until (a) excess availability is less than (i) 10.0% of the lesser of the aggregate commitments and the then-current borrowing base at any time or is (ii) $250.0 million at any time or (b) an event of default is continuing. If any of such events occur, the Company must maintain a fixed charge coverage ratio of 1.0 to 1.0 from the date such triggering event occurs until such event of default is cured or waived and/or the 30th day that all such triggers under clause (a) no longer exist.

Senior Unsecured Notes

On March 11, 2025, subsequent to the end of fiscal 2024, the Company and substantially all of its subsidiaries completed the issuance of $600.0 million in aggregate principal amount of 6.250% senior unsecured notes due March 15, 2033 (the "2033 Notes"). Interest on the 2033 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, with the first payment commencing on September 15, 2025. On March 17, 2025, subsequent to the end of fiscal 2024, proceeds from the 2033 Notes, together with approximately $5.6 million of cash on hand, were used to (i) redeem in full the $600.0 million outstanding of the Company's 7.500% senior unsecured notes due March 15, 2026 and (ii) pay fees and expenses related to the issuance of the 2033 Notes.

On February 13, 2023, the Company and substantially all of its subsidiaries completed the issuance of $750.0 million in aggregate principal amount of 6.500% senior unsecured notes due February 15, 2028 (the "New 2028 Notes"). Interest on the New 2028 Notes is payable semi-annually in arrears on February 15 and August 15 of each year, and the first payment commenced on August 15, 2023. On February 15, 2023, proceeds from the New 2028 Notes, together with approximately $7.1 million of cash on hand, were used to (i) repay in full the $750.0 million outstanding of the Company's 3.50% senior unsecured notes due February 15, 2023 and (ii) pay fees and expenses related to the issuance of the New 2028 Notes.

The Senior Unsecured Notes have not been and will not be registered with the SEC. Each of these notes are also fully and unconditionally guaranteed, jointly and severally, by substantially all of the Company’s subsidiaries that are not issuers under the indenture governing such notes.

The Company, an issuer and direct or indirect parent of each of the other issuers of the Senior Unsecured Notes, has no independent assets or operations. All of the direct or indirect subsidiaries of the Company, other than subsidiaries that are issuers, or guarantors, as applicable, of the Senior Unsecured Notes are minor, individually and in the aggregate.
Deferred Financing Costs and Interest Expense, Net

Financing costs incurred to obtain all financing, except for ABL Facility financing, are recognized as a direct reduction from the carrying amount of the debt liability and are amortized over the term of the related debt using the effective interest method. Financing costs incurred to obtain ABL Facility financing are capitalized and amortized over the ABL Facility term using the straight-line method. Deferred financing costs associated with ABL Facility financing are included in Other assets and were $9.5 million and $14.7 million as of February 22, 2025 and February 24, 2024, respectively.

Interest expense, net consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
ABL Facility, senior secured and unsecured notes, and debentures$414.8 $446.9 $404.9 
Finance lease obligations38.8 45.5 51.4 
Amortization of deferred financing costs16.3 15.6 16.9 
Other interest income, net(10.1)(15.9)(68.6)
Interest expense, net$459.8 $492.1 $404.6 
v3.25.1
LEASES
 12 Months Ended
Feb. 22, 2025
Leases [Abstract]  
LEASES LEASES
The components of total lease cost, net consisted of the following (in millions):
ClassificationFiscal
 2024		Fiscal
 2023		Fiscal
 2022
Operating lease cost (1)Cost of sales and Selling and administrative expenses (3)$1,111.5 $1,082.8 $1,062.8 
Finance lease cost
Amortization of lease assetsCost of sales and Selling and administrative expenses (3)45.8 51.7 55.5 
Interest on lease liabilitiesInterest expense, net38.8 45.5 51.4 
Variable lease cost (2)Cost of sales and Selling and administrative expenses (3)465.8 456.3 441.9 
Sublease incomeNet sales and other revenue(76.0)(78.6)(83.3)
Total lease cost, net$1,585.9 $1,557.7 $1,528.3 
(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 February 22, 2025 and February 24, 2024 consisted of the following (in millions):
ClassificationFebruary 22,
2025		February 24,
2024
Assets
OperatingOperating lease right-of-use assets$6,153.4 $5,981.6 
FinanceProperty and equipment, net288.0 300.2 
Total lease assets$6,441.4 $6,281.8 
Liabilities
Current
OperatingCurrent operating lease obligations$705.5 $677.6 
FinanceCurrent maturities of long-term debt and finance lease obligations57.0 68.3 
Long-term
OperatingLong-term operating lease obligations5,657.2 5,493.2 
FinanceLong-term debt and finance lease obligations370.9 392.1 
Total lease liabilities$6,790.6 $6,631.2 

The following table presents cash flow information for leases (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,070.1 $1,042.0 $1,020.2 
Operating cash flows from finance leases38.8 45.5 51.4 
Financing cash flows from finance leases60.6 69.3 71.6 
Right-of-use assets obtained in exchange for operating lease obligations868.6 773.0 629.5 
Right-of-use assets obtained in exchange for finance lease obligations41.3 22.6 22.8 
Impairment of right-of-use operating lease assets7.0 1.8 — 

The following table presents the weighted average lease term and discount rate for leases:
February 22,
2025		February 24,
2024
Weighted average remaining lease term - operating leases10.2 years10.5 years
Weighted average remaining lease term - finance leases9.7 years8.7 years
Weighted average discount rate - operating leases6.4 %6.4 %
Weighted average discount rate - finance leases9.2 %10.1 %
Future minimum lease payments for operating and finance lease obligations as of February 22, 2025 consisted of the following (in millions):
Lease Obligations
Fiscal yearOperating LeasesFinance Leases
2025$1,010.6 $81.3 
20261,047.1 78.5 
2027964.3 67.2 
2028881.9 58.9 
2029779.8 50.5 
Thereafter4,194.8 286.7 
Total future minimum obligations 8,878.5 623.1 
Less interest(2,515.8)(195.2)
Present value of net future minimum lease obligations6,362.7 427.9 
Less current portion(705.5)(57.0)
Long-term obligations$5,657.2 $370.9 

The Company subleases certain property to third parties. Future minimum tenant operating lease payments remaining under these non-cancelable operating leases as of February 22, 2025 was $278.0 million.
LEASES LEASES
The components of total lease cost, net consisted of the following (in millions):
ClassificationFiscal
 2024		Fiscal
 2023		Fiscal
 2022
Operating lease cost (1)Cost of sales and Selling and administrative expenses (3)$1,111.5 $1,082.8 $1,062.8 
Finance lease cost
Amortization of lease assetsCost of sales and Selling and administrative expenses (3)45.8 51.7 55.5 
Interest on lease liabilitiesInterest expense, net38.8 45.5 51.4 
Variable lease cost (2)Cost of sales and Selling and administrative expenses (3)465.8 456.3 441.9 
Sublease incomeNet sales and other revenue(76.0)(78.6)(83.3)
Total lease cost, net$1,585.9 $1,557.7 $1,528.3 
(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 February 22, 2025 and February 24, 2024 consisted of the following (in millions):
ClassificationFebruary 22,
2025		February 24,
2024
Assets
OperatingOperating lease right-of-use assets$6,153.4 $5,981.6 
FinanceProperty and equipment, net288.0 300.2 
Total lease assets$6,441.4 $6,281.8 
Liabilities
Current
OperatingCurrent operating lease obligations$705.5 $677.6 
FinanceCurrent maturities of long-term debt and finance lease obligations57.0 68.3 
Long-term
OperatingLong-term operating lease obligations5,657.2 5,493.2 
FinanceLong-term debt and finance lease obligations370.9 392.1 
Total lease liabilities$6,790.6 $6,631.2 

The following table presents cash flow information for leases (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,070.1 $1,042.0 $1,020.2 
Operating cash flows from finance leases38.8 45.5 51.4 
Financing cash flows from finance leases60.6 69.3 71.6 
Right-of-use assets obtained in exchange for operating lease obligations868.6 773.0 629.5 
Right-of-use assets obtained in exchange for finance lease obligations41.3 22.6 22.8 
Impairment of right-of-use operating lease assets7.0 1.8 — 

The following table presents the weighted average lease term and discount rate for leases:
February 22,
2025		February 24,
2024
Weighted average remaining lease term - operating leases10.2 years10.5 years
Weighted average remaining lease term - finance leases9.7 years8.7 years
Weighted average discount rate - operating leases6.4 %6.4 %
Weighted average discount rate - finance leases9.2 %10.1 %
Future minimum lease payments for operating and finance lease obligations as of February 22, 2025 consisted of the following (in millions):
Lease Obligations
Fiscal yearOperating LeasesFinance Leases
2025$1,010.6 $81.3 
20261,047.1 78.5 
2027964.3 67.2 
2028881.9 58.9 
2029779.8 50.5 
Thereafter4,194.8 286.7 
Total future minimum obligations 8,878.5 623.1 
Less interest(2,515.8)(195.2)
Present value of net future minimum lease obligations6,362.7 427.9 
Less current portion(705.5)(57.0)
Long-term obligations$5,657.2 $370.9 

The Company subleases certain property to third parties. Future minimum tenant operating lease payments remaining under these non-cancelable operating leases as of February 22, 2025 was $278.0 million.
LEASES LEASES
The components of total lease cost, net consisted of the following (in millions):
ClassificationFiscal
 2024		Fiscal
 2023		Fiscal
 2022
Operating lease cost (1)Cost of sales and Selling and administrative expenses (3)$1,111.5 $1,082.8 $1,062.8 
Finance lease cost
Amortization of lease assetsCost of sales and Selling and administrative expenses (3)45.8 51.7 55.5 
Interest on lease liabilitiesInterest expense, net38.8 45.5 51.4 
Variable lease cost (2)Cost of sales and Selling and administrative expenses (3)465.8 456.3 441.9 
Sublease incomeNet sales and other revenue(76.0)(78.6)(83.3)
Total lease cost, net$1,585.9 $1,557.7 $1,528.3 
(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 February 22, 2025 and February 24, 2024 consisted of the following (in millions):
ClassificationFebruary 22,
2025		February 24,
2024
Assets
OperatingOperating lease right-of-use assets$6,153.4 $5,981.6 
FinanceProperty and equipment, net288.0 300.2 
Total lease assets$6,441.4 $6,281.8 
Liabilities
Current
OperatingCurrent operating lease obligations$705.5 $677.6 
FinanceCurrent maturities of long-term debt and finance lease obligations57.0 68.3 
Long-term
OperatingLong-term operating lease obligations5,657.2 5,493.2 
FinanceLong-term debt and finance lease obligations370.9 392.1 
Total lease liabilities$6,790.6 $6,631.2 

The following table presents cash flow information for leases (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,070.1 $1,042.0 $1,020.2 
Operating cash flows from finance leases38.8 45.5 51.4 
Financing cash flows from finance leases60.6 69.3 71.6 
Right-of-use assets obtained in exchange for operating lease obligations868.6 773.0 629.5 
Right-of-use assets obtained in exchange for finance lease obligations41.3 22.6 22.8 
Impairment of right-of-use operating lease assets7.0 1.8 — 

The following table presents the weighted average lease term and discount rate for leases:
February 22,
2025		February 24,
2024
Weighted average remaining lease term - operating leases10.2 years10.5 years
Weighted average remaining lease term - finance leases9.7 years8.7 years
Weighted average discount rate - operating leases6.4 %6.4 %
Weighted average discount rate - finance leases9.2 %10.1 %
Future minimum lease payments for operating and finance lease obligations as of February 22, 2025 consisted of the following (in millions):
Lease Obligations
Fiscal yearOperating LeasesFinance Leases
2025$1,010.6 $81.3 
20261,047.1 78.5 
2027964.3 67.2 
2028881.9 58.9 
2029779.8 50.5 
Thereafter4,194.8 286.7 
Total future minimum obligations 8,878.5 623.1 
Less interest(2,515.8)(195.2)
Present value of net future minimum lease obligations6,362.7 427.9 
Less current portion(705.5)(57.0)
Long-term obligations$5,657.2 $370.9 

The Company subleases certain property to third parties. Future minimum tenant operating lease payments remaining under these non-cancelable operating leases as of February 22, 2025 was $278.0 million.
v3.25.1
STOCKHOLDERS' EQUITY AND CONVERTIBLE PREFERRED STOCK
 12 Months Ended
Feb. 22, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY AND CONVERTIBLE PREFERRED STOCK STOCKHOLDERS' EQUITY AND CONVERTIBLE PREFERRED STOCK
Common Stock

On June 8, 2020, the Company amended and restated its certificate of incorporation to authorize 1,150,000,000 shares of common stock, par value $0.01 per share, of which 1,000,000,000 shares were classified as Class A common stock ("Class A common stock") and 150,000,000 shares were classified as Class A-1 convertible common stock ("Class A-1 common stock"). As of February 22, 2025, there were 597,964,926 and 575,441,992 shares of Class A common stock issued and outstanding, respectively, and no shares of Class A-1 common stock issued or outstanding. As of February 24, 2024, there were 594,445,268 and 576,047,523 shares of Class A common stock issued and outstanding, respectively, and no shares of Class A-1 common stock issued or outstanding.

The terms of the Class A common stock are substantially identical to the terms of the Class A-1 common stock, except that the Class A-1 common stock does not have voting rights. Each holder of Class A common stock is entitled to one vote for each share owned of record on all matters voted upon by stockholders. A majority vote is required for all action to be taken by stockholders, except as otherwise provided for in the Company's amended and restated certificate of incorporation and amended and restated bylaws or as required by law. Subject to preferences that may be applicable to any then outstanding preferred stock, holders of the Company's Class A common stock and Class A-1 common stock are entitled to receive ratably those dividends, if any, as may be declared from time to time by the Board of Directors (the "Board") out of legally available funds. In the event of the Company's liquidation, dissolution or winding-up, the holders of Class A common stock and Class A-1 common stock are entitled to share equally and ratably in the Company's assets, if any, remaining after the payment of all debts and liabilities and the liquidation preference of any outstanding preferred stock. When permitted under the relevant antitrust restrictions, any issued shares of Class A-1 common stock would automatically convert on a one-for-one basis to voting shares of Class A common stock.

The Company has established a dividend policy pursuant to which the Company intends to pay a quarterly dividend on its Class A common stock. The Company paid cash dividends on its Class A common stock of $295.1 million during fiscal 2024, $276.2 million during fiscal 2023 and $255.1 million during fiscal 2022, excluding the Special Dividend (as defined below). On December 11, 2024, the Company announced that the Board increased the
quarterly cash dividend 25% from $0.12 per common share to $0.15 per common share. On April 15, 2025, the Company announced the next quarterly dividend payment of $0.15 per share of Class A common stock to be paid on May 9, 2025 to stockholders of record as of the close of business on April 25, 2025. Future dividends will be made at the discretion of the Board and will depend on, among other things, general and economic conditions, industry standards, the Company's financial condition and operating results, the Company's available cash and current and anticipated cash needs, restrictions under the documentation governing certain of the Company's indebtedness, including the ABL Facility and Senior Unsecured Notes, capital requirements, regulations and contractual, legal, tax and regulatory restrictions, and such other factors as the Board may deem relevant.

Special Dividend

In connection with the Company's previously-announced Board-led review of potential strategic alternatives to enhance the Company's growth and maximize stockholder value, on October 13, 2022, the Company declared a special cash dividend of $6.85 per share of Class A common stock (the "Special Dividend"). The Special Dividend was payable to stockholders of record, including holders of Series A preferred stock on an as-converted basis, as of the close of business on October 24, 2022. On January 20, 2023, the Special Dividend of $3,916.9 million was paid.

Convertible Preferred Stock

On June 8, 2020, the Company amended and restated its certificate of incorporation to authorize 100,000,000 shares of convertible preferred stock, par value $0.01 per share, of which 1,750,000 shares were designated Series A preferred stock ("Series A preferred stock") and 1,410,000 shares were designated Series A-1 convertible preferred stock ("Series A-1 preferred stock" and together with the Series A preferred stock, the "Convertible Preferred Stock"). On June 9, 2020 (the "Preferred Closing Date"), the Company sold and issued (i) an aggregate of 1,410,000 shares of Series A-1 preferred stock and (ii) an aggregate of 340,000 shares of Series A preferred stock. The Company received aggregate proceeds of $1,680.0 million from the sale and issuance of the Convertible Preferred Stock which had an aggregate liquidation preference of $1,750.0 million. The Convertible Preferred Stock was presented outside of permanent equity at its original issuance price less costs incurred, due to it being contingently redeemable. The Series A preferred stock was convertible at the option of the holders thereof at any time into shares of Class A common stock, each at an initial conversion price of $17.22 per share and an initial conversion rate of 58.064 shares of Common Stock per share of Convertible Preferred Stock, subject to certain anti-dilution adjustments.

The terms of the Series A preferred stock were substantially identical to the terms of the Series A-1 preferred stock, except that the Series A preferred stock voted together with Class A common stock on an as-converted basis, but the Series A-1 preferred stock could not vote with Class A common stock on an as converted basis. The Convertible Preferred Stock, with respect to dividend rights and/or distribution rights upon the liquidation, winding-up or dissolution, as applicable, ranked senior to each class of common stock and junior to existing and future indebtedness and other liabilities.

During fiscal 2023 and fiscal 2022, certain holders of the Company's Convertible Preferred Stock converted 50,000 and 1,349,186 shares of Convertible Preferred Stock, respectively, into 2,903,200 and 78,339,120 shares of the Company's Class A common stock, respectively, which were issued from treasury stock. As a result, the Company has issued, in the aggregate, 101,611,902 shares of Class A common stock to holders of Convertible Preferred Stock. These non-cash conversions represent 100% of the originally issued Convertible Preferred Stock. As of February 22, 2025 and February 24, 2024, no shares of Convertible Preferred Stock are outstanding.

The holders of Convertible Preferred Stock were entitled to a quarterly dividend at a rate per annum of 6.75% of the liquidation preference per share of the Convertible Preferred Stock. In addition, the holders of Convertible Preferred Stock participated in cash dividends that the Company pays on its common stock to the extent that such cash dividends exceeded $206.25 million per fiscal year. The Company paid cash dividends to holders of the Convertible
Preferred Stock of $0.8 million during fiscal 2023 and $65.3 million during fiscal 2022, excluding the Special Dividend.

Treasury Stock

On December 11, 2024, the Company announced that the Board has authorized a share repurchase program of up to $2.0 billion of the Company's common stock, inclusive of the existing authorization. The share repurchase program could include open market repurchases, accelerated share repurchase programs, tender offers, block trades, potential privately negotiated transactions, or trading plans in compliance with the federal securities laws. As part of the share repurchase program, during fiscal 2024, the Company, through a series of open-market transactions, repurchased 4,118,733 shares of its common stock for an aggregate purchase price of $82.5 million. There were no repurchases of the Company's common stock during fiscal 2023 and fiscal 2022.

During fiscal 2023 and fiscal 2022, the Company reissued 2,903,200 and 78,339,120 shares of treasury stock, at cost, respectively, upon conversion of approximately 50,000 and 1,349,186 shares of Convertible Preferred Stock, respectively into Class A common stock. Shares of treasury stock are reissued based on specific identification.
v3.25.1
EQUITY-BASED COMPENSATION
 12 Months Ended
Feb. 22, 2025
Share-Based Payment Arrangement [Abstract]  
EQUITY-BASED COMPENSATION EQUITY-BASED COMPENSATION
The Company maintains the Albertsons Companies, Inc. 2020 Omnibus Incentive Plan and the Albertsons Companies, Inc. Restricted Stock Unit Plan (the "Equity Plans"). Under the Equity Plans, subsequent to the IPO, 43.6 million shares of Class A common stock have been authorized for issuance as equity awards. As of February 22, 2025, 25.3 million shares of Class A common stock remained available for future awards.

Under the Equity Plans, the Company recognizes equity-based compensation expense for RSUs and RSAs granted to employees and non-employee directors. Upon vesting, RSUs and RSAs will be settled in shares of the Company's Class A common stock. RSUs generally vest over three years from the grant date, based on a service period, or upon a combination of both a service period and achievement of certain performance-based thresholds, and RSAs generally vest over five years from the grant date, with 50% based solely on a service period and 50% upon a service period and achievement of certain performance-based thresholds. For performance-based RSUs ("PBRSUs") granted in fiscal 2024, the number of shares of the Company's Class A common stock to be received at vesting can be adjusted within a predetermined range based on the Company's achieved performance for fiscal 2024 relative to the fiscal 2024 performance target.

In fiscal 2022, all unvested equity awards outstanding participated in the Special Dividend, according to the same vesting terms and conditions as the underlying equity award. Unvested equity awards with dividend equivalent rights ("DERs") received the Special Dividend through the issuance of additional RSUs. Unvested equity awards without DERs received the Special Dividend in cash subject to anti-dilution provisions. For the Special Dividend that settles in cash upon vesting, modification accounting was applied during fiscal 2022 to reflect liability classification. The modification did not result in a material impact to the Company's financial position or results of operations. For further description of the Special Dividend, see Note 8 - Stockholders' Equity and Convertible Preferred Stock.
Equity-based compensation expense recognized in the Consolidated Statements of Operations, net of forfeitures, was as follows (in millions):
Fiscal
2024		Fiscal
2023		Fiscal
2022
RSUs$99.3 $88.3 $104.0 
RSAs0.2 3.2 8.4 
Liability-classified awards6.7 13.0 25.9 
Total equity-based compensation expense $106.2 $104.5 $138.3 
Total related tax benefit$14.7 $19.5 $26.9 

During fiscal 2024, the Company issued 5.8 million RSUs to its employees and directors, of which 4.1 million shares were granted for accounting purposes. The 4.1 million issued and granted awards consist of 3.3 million RSUs that have solely time-based vesting and 0.8 million PBRSUs that were granted upon the establishment of the fiscal 2024 performance target and that would vest upon both the achievement of such performance target and continued service through the vesting period. Additionally, 1.3 million previously issued PBRSUs were granted in fiscal 2024 upon the establishment of the fiscal 2024 annual performance target and that would vest upon both the achievement of such performance target and continued service through the vesting period, and an additional 0.2 million PBRSUs were granted in fiscal 2024 related to previously issued awards based on achieved performance for fiscal 2023 relative to the fiscal 2023 performance target. The 5.6 million RSUs granted in fiscal 2024 have an aggregate grant date value of $111.6 million. The aggregate grant date value of RSUs granted was $129.5 million and $120.1 million in fiscal 2023 and fiscal 2022, respectively.

The following summarizes the activity of RSUs and RSAs during fiscal 2024:
Time-BasedPerformance-Based
Number of shares (in millions)Weighted average grant date fair valueNumber of shares (in millions)Weighted average grant date fair value
Unvested, February 24, 20243.6 $22.61 4.9 $20.98 
Granted3.3 19.83 2.1 20.05 
Performance adjustment (1)— — 0.2 20.04 
Vested(3.2)22.93 (2.7)21.07 
Forfeited or cancelled(0.4)21.24 (0.3)20.14 
Unvested, February 22, 20253.3 $20.18 4.2 $20.45 
(1) Represents additional PBRSUs based on achieved performance for fiscal 2023 relative to the fiscal 2023 performance target. The performance adjustment does not include a reduction of 0.3 million PBRSUs based on achieved performance for fiscal 2024 relative to the fiscal 2024 performance target, although these shares have been estimated and included in the determination of equity-based compensation expense and the calculation of diluted net income per common share for fiscal 2024.

During fiscal 2024, fiscal 2023 and fiscal 2022, the aggregate fair value of RSUs and RSAs that vested was $121.7 million, $119.2 million and $137.9 million, respectively. The number of RSUs and RSAs vested includes shares of common stock that the Company withheld on behalf of employees to satisfy statutory tax withholding requirements.

As of February 22, 2025, the Company had $55.7 million of unrecognized compensation cost related to 7.5 million unvested granted RSUs. That cost is expected to be recognized over a weighted average period of 1.7 years. As of February 22, 2025, there was no unrecognized compensation costs related to RSAs or liability-classified awards.
Upon the establishment of the annual performance target for fiscal 2025 and fiscal 2026, the remaining 2.2 million issued PBRSUs will be granted for accounting purposes. As of February 22, 2025, there are no performance-based RSAs that have not been granted for accounting purposes.
v3.25.1
INCOME TAXES
 12 Months Ended
Feb. 22, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The components of income tax expense consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Current
  Federal (1)$228.9 $348.2 $320.5 
  State (2)46.0 56.4 88.1 
  Foreign1.3 1.0 0.5 
Total Current276.2 405.6 409.1 
Deferred
  Federal(11.8)(83.1)(7.6)
  State(92.9)31.7 11.1 
  Foreign(0.4)(61.2)9.4 
Total Deferred(105.1)(112.6)12.9 
Income tax expense$171.1 $293.0 $422.0 
(1) Federal current tax expense is net of $0.3 million, $0.3 million and $0.5 million tax benefit of net operating losses ("NOL") in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.
(2) State current tax expense is net of $1.0 million tax benefit of NOLs in fiscal 2024. There was no tax benefit of NOLs in fiscal 2023 and fiscal 2022.

The difference between the actual tax provision and the tax provision computed by applying the statutory federal income tax rate of 21% to Income before income taxes was attributable to the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Income tax expense at federal statutory rate$237.3 $333.7 $406.4 
State income taxes, net of federal benefit50.6 58.5 85.9 
Change in valuation allowance3.2 3.2 0.1 
Unrecognized tax benefits(95.2)(67.3)(41.8)
Tax credits(23.0)(37.1)(26.2)
Other(1.8)2.0 (2.4)
Income tax expense$171.1 $293.0 $422.0 
Deferred income taxes reflect the net tax effects of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes. The Company's deferred tax assets and liabilities consisted of the following (in millions):
February 22,
2025		February 24,
2024
Deferred tax assets:
Compensation and benefits$192.2 $204.3 
Net operating loss63.7 71.2 
Pension & postretirement benefits194.5 215.9 
Self-Insurance312.8 299.8 
Tax credits5.7 8.5 
Lease obligations1,775.3 1,735.1 
Other71.3 104.4 
Gross deferred tax assets2,615.5 2,639.2 
Less: valuation allowance(63.7)(65.6)
Total deferred tax assets2,551.8 2,573.6 
Deferred tax liabilities:
Depreciation and amortization1,302.3 1,359.9 
Inventories401.7 374.9 
Operating lease assets1,587.4 1,543.3 
Other84.5 103.1 
Total deferred tax liabilities3,375.9 3,381.2 
Net deferred tax liability$(824.1)$(807.6)
Noncurrent deferred tax asset$— $— 
Noncurrent deferred tax liability(824.1)(807.6)
Total$(824.1)$(807.6)

The valuation allowance activity on deferred tax assets was as follows (in millions):
February 22,
2025		February 24,
2024		February 25,
2023
Beginning balance$65.6 $102.3 $113.6 
Additions charged to income tax expense5.1 6.0 3.1 
Reductions credited to income tax expense(1.9)(2.8)(3.0)
Changes to other comprehensive income or loss and other(5.1)(39.9)(11.4)
Ending balance$63.7 $65.6 $102.3 

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. On the basis of this evaluation, as of February 22, 2025, a valuation allowance of $63.7 million has been recorded for the portion of the deferred tax asset that is not more likely than not to be realized, consisting primarily of tax credits and carryovers in jurisdictions where the Company has minimal presence or does not expect to have future taxable income. The Company will continue to evaluate the need to adjust the valuation allowance. The amount of the deferred tax asset considered realizable, however, could be adjusted depending on the Company's performance in certain subsidiaries or jurisdictions.

The Company currently has federal and state NOL carryforwards of $16.1 million and $1,220.5 million, respectively, which will begin to expire in 2025 and continue through the fiscal year ending February 2045. As of
February 22, 2025, the Company had $5.7 million of state credit carryforwards, which will begin to expire in 2025 and continue through the fiscal year ending February 2039. The Company had no federal credit carryforwards as of February 22, 2025. As of February 22, 2025, the Company currently has federal charitable contribution carryforwards of $13.1 million, which will expire in the fiscal year ending February 2031.

Changes in the Company's unrecognized tax benefits consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Beginning balance$178.8 $216.0 $276.0 
Increase related to tax positions taken in the current year6.4 9.6 5.0 
Increase related to tax positions taken in prior years— — 2.1 
Decrease related to tax position taken in prior years(111.8)(0.9)— 
Decrease related to settlements with taxing authorities(2.1)(5.6)(20.7)
Decrease related to lapse of statute of limitations(13.9)(40.3)(46.4)
Ending balance$57.4 $178.8 $216.0 

Included in the balance of unrecognized tax benefits as of February 22, 2025, February 24, 2024 and February 25, 2023 are tax positions of $22.4 million, $118.1 million and $151.1 million, respectively, which would reduce the Company's effective tax rate if recognized in future periods. As of February 22, 2025, the Company is no longer subject to federal income tax examinations for the fiscal years prior to 2021 and in most states, is no longer subject to state income tax examinations for fiscal years before 2013. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. The Company recognized a benefit related to interest and penalties, net of settlement adjustments, of $2.7 million and $27.2 million for fiscal 2024 and fiscal 2023, respectively, and expense for fiscal 2022 of $2.4 million.

The Company believes it is reasonably possible that the reserve for uncertain tax positions may be reduced by approximately $10 million in the next 12 months due to ongoing tax examinations and expiration of statutes of limitations.
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS
 12 Months Ended
Feb. 22, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS
Employer Sponsored Pension Plans

The Company sponsors a defined benefit pension plan (the "Safeway Plan") for certain employees not participating in multiemployer pension plans. The Safeway Plan is frozen to non-union employees but continues to remain fully open to union employees, and past service benefits, including future interest credits, for non-union employees continue to be accrued under the Safeway Plan. The Company also sponsors a defined benefit pension plan (the "Shaw's Plan") covering union employees under the Shaw's banner. Under the United banner, the Company sponsors a frozen plan (the "United Plan") covering certain United employees and an unfunded Retirement Restoration Plan that provides death benefits and supplemental income payments for certain executives after retirement. On December 21, 2023, the Company initiated the process of terminating the United Plan which is expected to be finalized during fiscal 2025. In connection with the withdrawal from the Combined Plan (as defined below) in fiscal 2020, the Company established and contributes to the Safeway Variable Annuity Pension Plan (the "Safeway VAPP") that provides benefits to participants for future services.

Other Post-Retirement Benefits

In addition to the Company's pension plans, the Company provides post-retirement medical and life insurance benefits to certain employees. Retirees share a portion of the cost of the post-retirement medical plans. The Company pays all the cost of the life insurance plans. These plans are unfunded.
The following table provides a reconciliation of the changes in the retirement plans' benefit obligation and fair value of assets over the two-year period ended February 22, 2025 and a statement of funded status as of February 22, 2025 and February 24, 2024 (in millions):
PensionOther Post-Retirement Benefits
February 22,
2025		February 24,
2024		February 22,
2025		February 24,
2024
Change in projected benefit obligation:
Beginning balance$1,691.5 $1,697.5 $12.0 $12.4 
Service cost16.7 17.3 — — 
Interest cost83.4 83.6 0.5 0.6 
Actuarial loss16.4 28.6 1.1 0.9 
Benefit payments (including settlements)(166.7)(135.4)(1.5)(1.9)
Plan amendments0.1 (0.1)— — 
Ending balance$1,641.4 $1,691.5 $12.1 $12.0 
Change in fair value of plan assets:
Beginning balance$1,443.7 $1,407.3 $— $— 
Actual return on plan assets116.4 155.4 — — 
Employer contributions89.8 16.4 1.5 1.9 
Benefit payments (including settlements)(166.7)(135.4)(1.5)(1.9)
Ending balance$1,483.2 $1,443.7 $— $— 
Components of net amount recognized in financial position:
Other current liabilities $(4.4)$(13.8)$(2.3)$(2.0)
Other long-term liabilities(153.8)(234.0)(9.8)(10.0)
Funded status$(158.2)$(247.8)$(12.1)$(12.0)

The actuarial loss in fiscal 2024 related to the projected benefit obligation was primarily driven by cash balance interest crediting rates. The actuarial loss in fiscal 2023 related to the projected benefit obligation was primarily driven by cash balance interest crediting rates and benefit payments.

Amounts recognized in Accumulated other comprehensive income (loss) consisted of the following (in millions):
PensionOther Post-Retirement
Benefits
February 22,
2025		February 24,
2024		February 22,
2025		February 24,
2024
Net actuarial gain$(116.2)$(108.0)$(9.7)$(11.5)
Prior service cost1.2 1.4 — — 
$(115.0)$(106.6)$(9.7)$(11.5)
Information for the Company's pension plans, all of which have an accumulated benefit obligation in excess of plan assets as of February 22, 2025 and February 24, 2024, is shown below (in millions):
February 22,
2025		February 24,
2024
Projected benefit obligation$1,641.4 $1,691.5 
Accumulated benefit obligation1,637.8 1,688.6 
Fair value of plan assets1,483.2 1,443.7 

The following table provides the components of net pension and post-retirement (income) expense for the retirement plans and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) (in millions):
PensionOther Post-Retirement
Benefits
Fiscal
 2024		Fiscal
 2023		Fiscal 2022Fiscal
 2024		Fiscal
 2023		Fiscal 2022
Components of net (income) expense:
Estimated return on plan assets$(91.1)$(98.5)$(92.9)$— $— $— 
Service cost16.7 17.3 19.9 — — — 
Interest cost83.4 83.6 51.4 0.5 0.6 0.4 
Amortization of prior service cost0.3 0.4 0.3 — — — 
Amortization of net actuarial (gain) loss (3.9)(5.5)0.2 (0.7)(1.1)(0.4)
Loss (income) due to settlement accounting3.5 0.3 (0.6)— — — 
Expense (income), net8.9 (2.4)(21.7)(0.2)(0.5)— 
Changes in plan assets and benefit obligations recognized in Other comprehensive income (loss):   
Net actuarial (gain) loss(8.6)(28.0)(1.1)1.1 0.8 (5.4)
Amortization of net actuarial gain (loss)3.9 5.5 (0.2)0.7 1.1 0.4 
Prior service cost0.1 (0.2)0.5 — — — 
Amortization of prior service cost(0.3)(0.4)(0.3)— — — 
(Loss) income due to settlement accounting(3.5)(0.3)0.6 — — — 
Total recognized in Other comprehensive income (loss)(8.4)(23.4)(0.5)1.8 1.9 (5.0)
Total net expense and changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) $0.5 $(25.8)$(22.2)$1.6 $1.4 $(5.0)

Prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. When the accumulation of actuarial gains and losses exceeds 10% of the greater of the projected benefit obligation and the fair value of plan assets, the excess is amortized over either the average remaining lifetime of all participants or the average remaining service period of active participants. No significant prior service costs or estimated net actuarial gain or loss is expected to be amortized from Other comprehensive income (loss) into periodic benefit cost during fiscal 2025.
Assumptions

The weighted average actuarial assumptions used to determine year-end projected benefit obligations for pension plans were as follows:
February 22,
2025		February 24,
2024
Discount rate5.34 %5.31 %
Rate of compensation increase3.20 %3.20 %
Cash balance plan interest crediting rate4.85 %4.25 %

The weighted average actuarial assumptions used to determine net periodic benefit costs for pension plans were as follows: 
February 22,
2025		February 24,
2024		February 25,
2023
Discount rate5.32 %5.17 %3.26 %
Expected return on plan assets6.67 %7.40 %5.97 %
Cash balance plan interest crediting rate4.25 %3.65 %2.35 %

Discount Rate Assumption. The discount rate reflects the current rate at which the pension obligations could be settled at each measurement date. In all years presented, the discount rates were determined by matching the expected plan benefit payments against a spot rate yield curve constructed to replicate above median yields of AA-graded corporate bonds.

Asset Return Assumption. Expected return on pension plan assets is based on historical experience of the Company's portfolios and the review of projected returns by asset class on return-seeking assets and liability-hedging assets, as well as target asset allocation.

Retirement and Mortality Rates. On February 26, 2022, the Company adopted the MP-2021 mortality improvement projection scale which assumes an improvement in life expectancy at a marginally faster rate than the MP-2020 projection scale. The mortality assumption was not updated during fiscal 2024 and fiscal 2023 as a new improvement scale has not been released.

Investment Policies and Strategies. During the fourth quarter of fiscal 2023, the Company revised the investment policy for the Safeway Plan and the Shaw's Plan, and these changes to the structure of plan assets were implemented during fiscal 2024. The investment policy for the Safeway VAPP remained unchanged. The defined benefit plan investment policy incorporates a strategic long-term asset allocation mix designed to meet the Company's long-term pension requirements. This asset allocation policy is reviewed annually and, on a regular basis, actual allocations are rebalanced to the prevailing targets. The investment policy for the Safeway Plan and the Shaw's Plan allows for a varying asset allocation dependent on each plan's funded status. The investment policy also emphasizes the following key objectives: (1) maintaining a diversified portfolio among asset classes and investment styles; (2) maintaining an acceptable level of risk in pursuit of long-term economic benefit; (3) maximizing the opportunity for value-added returns from active investment management while establishing investment guidelines and monitoring procedures for the investment manager to ensure the characteristics of the portfolio are consistent with the original investment mandate; and (4) maintaining adequate controls over administrative costs.
The following table summarizes actual allocations for the Safeway Plan which had $1,220.5 million in plan assets as of February 22, 2025: 
Plan Assets
Asset categoryTarget (1)February 22,
2025		February 24,
2024
Return-seeking62%63.4 %76.8 %
Liability-hedging38%36.6 %23.2 %
Total
100%100.0 %100.0 %
(1) In accordance with the Safeway Plan investment policy, the target asset allocation was adjusted in fiscal 2024 based on the funded ratio of the Safeway Plan.

The following table summarizes the actual allocations for the Shaw's Plan which had $223.3 million in plan assets as of February 22, 2025:    
Plan Assets
Asset categoryTarget (1)February 22,
2025		February 24,
2024
Return-seeking59%58.9 %63.9 %
Liability-hedging41%41.1 %36.1 %
Total
100%100.0 %100.0 %
(1) In accordance with the Shaw's Plan investment policy, the target asset allocation was adjusted in fiscal 2024 based on the funded ratio of the Shaw's Plan.

The following table summarizes the actual allocations for the Safeway VAPP which had $32.2 million in plan assets as of February 22, 2025:
Plan Assets
Asset categoryTargetFebruary 22,
2025		February 24,
2024
Equity15%18.1 %13.9 %
Fixed income60%60.9 %58.9 %
Other (1)25%18.5 %23.5 %
Cash—%2.5 %3.7 %
Total100%100.0 %100.0 %
(1) Includes real estate, global tactical asset allocation, private equity investments and money market funds.

Additionally, the Company sponsors other defined benefit pension plans which had $7.2 million in plan assets as of February 22, 2025.
Pension Plan Assets

The fair value of the Company's pension plan assets as of February 22, 2025 by asset category are as follows (in millions): 
 Fair Value Measurements
Asset categoryTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Observable Inputs
(Level 2)(1)		Significant Unobservable Inputs
(Level 3)		Assets Measured at NAV (1)
Cash and cash equivalents (2)$1.9 $1.9 $— $— $— 
Short-term investment collective trust (3)53.2 — — — 53.2 
Mutual funds (4)6.7 6.7 — — — 
Public equity funds (5)490.2 — 490.2 — — 
Return-seeking fixed income funds (6)172.2 — 15.5 — 156.7 
Debt funds (7)499.1 — 499.1 — — 
Hedge funds (8)82.4 — — — 82.4 
Real estate funds (9)168.9 — 46.9 — 122.0 
Other securities (10)8.6 — 8.6 — — 
Total$1,483.2 $8.6 $1,060.3 $— $414.3 
(1) Certain of the Company's pension assets are invested in common collective trusts managed and valued by the fund administrator. The fair value of the funds is based on the Net Asset Value ("NAV") of the underlying investments owned by the fund minus its liabilities. Certain of these funds are classified outside of the fair value hierarchy because fair value for those funds is measured using the NAV practical expedient. These specific funds have been determined not to have a readily determinable fair value and the NAV is not the basis for current transactions, as the NAV is only published monthly or quarterly for these funds, and the Company can only redeem these investments monthly or quarterly. The remaining common collective trusts have a daily published NAV, and the Company can redeem those investments daily, therefore these funds are classified within the fair value hierarchy as the Company has determined the funds have a readily determinable fair value that is the basis for current transactions.
(2) The carrying value of these items approximates fair value.
(3) Invested in a fund comprised of high-grade, short term money market instruments. There are no unfunded commitments or redemption restrictions for these funds.
(4) Invested in mutual funds that are registered with the SEC which are valued using the NAV. The NAV of the mutual funds is a published price in an active market. There are no unfunded commitments, or redemption restrictions for these funds, and the funds are required to transact at the published price.
(5) Invested in funds comprised of U.S. and international equity.
(6) Invested in funds comprised of high yield, emerging market debt, leveraged loans and real estate debt.
(7) Invested in funds comprised of intermediate and long duration corporate and private bonds and U.S. government securities.
(8) Invested in hedge funds comprised of a combination of equity, fixed income, private assets and derivatives.
(9) Invested in a fund comprised of underlying real estate properties as well as a fund comprised of underlying real estate investment trusts.
(10) These investments primarily consist of foreign government bonds valued based on yields currently available on comparable securities of issuers with similar credit ratings.
The fair value of the Company's pension plan assets as of February 24, 2024, excluding pending transactions of $47.8 million payable to an intermediary agent, by asset category are as follows (in millions): 
 Fair Value Measurements
Asset categoryTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Assets Measured at NAV
Cash and cash equivalents (1)$5.7 $5.2 $0.5 $— $— 
Short-term investment collective trust (2)34.3 — — — 34.3 
Common and preferred stock: (3)
Domestic common and preferred stock164.8 164.8 — — — 
International common stock57.7 57.7 — — — 
Collective trust funds (2)636.5 — — — 636.5 
Corporate bonds (4)84.0 — 84.0 — — 
Mortgage- and other asset-backed securities (5)22.3 — 22.3 — — 
Mutual funds (6)166.2 138.8 27.4 — — 
U.S. government securities (7)250.2 — 250.2 — — 
Other securities (8)69.8 — 19.3 — 50.5 
Total$1,491.5 $366.5 $403.7 $— $721.3 
(1) The carrying value of these items approximates fair value.
(2) These investments are valued based on the NAV of the underlying investments and are provided by the fund issuers. There are no unfunded commitments or redemption restrictions for these funds.
(3) The fair value of common stock is based on the exchange quoted market prices. When quoted prices are not available for identical stock, an industry valuation model is used which maximizes observable inputs.
(4) The fair value of corporate bonds is generally based on yields currently available on comparable securities of the same or similar issuers with similar credit ratings and maturities. When quoted prices are not available for identical or similar bonds, the fair value is based upon an industry valuation model, which maximizes observable inputs.
(5) The fair value of mortgage- and other asset-backed securities is generally based on yields currently available on comparable securities of the same or similar issuers with similar credit ratings and maturities. When quoted prices are not available for comparable securities, the fair value is based upon an industry valuation model which maximizes observable inputs.
(6) These investments are open-ended mutual funds that are registered with the SEC which are valued using the NAV. The NAV of the mutual funds is a published price in an active market. The NAV is determined once a day after the closing of the exchange based upon the underlying assets in the fund, less the fund's liabilities, expressed on a per-share basis. There are no unfunded commitments, or redemption restrictions for these funds, and the funds are required to transact at the published price.
(7) The fair value of U.S. government securities is based on quoted market prices when available. When quoted prices are not available, the fair value of U.S. government securities is based on yields currently available on comparable securities or on an industry valuation model which maximizes observable inputs.
(8) Level 2 Other securities, which consist primarily of U.S. municipal bonds, foreign government bonds and foreign agency securities are valued based on yields currently available on comparable securities of issuers with similar credit ratings. Also included in Other securities is a commingled fund valued based on the NAV of the underlying investments and is provided by the issuer and exchange-traded derivatives that are valued based on quoted prices in an active market for identical derivatives, assets and liabilities. Funds meeting the practical expedient are included in the Assets Measured at NAV column. Exchange-traded derivatives are valued based on quoted prices in an active market for identical derivatives assets and liabilities. Non-exchange-traded derivatives are valued using industry valuation models, which maximize observable inputs, such as interest-rate yield curve data, foreign exchange rates and applicable spot and forward rates.
Contributions

In fiscal 2024, fiscal 2023 and fiscal 2022, the Company contributed $91.3 million, $18.3 million and $27.3 million, respectively, to its pension and post-retirement plans. The Company's funding policy for the defined benefit pension plan is to contribute the minimum contribution required under the Employee Retirement Income Security Act of
1974, as amended, and other applicable laws as determined by the Company's external actuarial consultant. At the Company's discretion, additional funds may be contributed to the defined benefit pension plans. The Company expects to contribute approximately $57 million to its pension and post-retirement plans in fiscal 2025. The Company will recognize contributions in accordance with applicable regulations, with consideration given to recognition for the earliest plan year permitted.

Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, are expected to be paid to plan participants (in millions):
Pension BenefitsOther Benefits
2025$151.0 $2.3 
2026143.0 2.0 
2027143.0 1.8 
2028140.4 1.5 
2029138.7 1.3 
2030 – 2034650.0 4.0 

Multiemployer Pension Plans

The Company currently contributes to 27 multiemployer pension plans. These multiemployer plans generally provide retirement benefits to participants based on their service to contributing employers. The benefits are paid from assets held in trust for that purpose. Plan trustees typically are responsible for determining the level of benefits to be provided to participants, the investment of the assets and plan administration. Expense is recognized in connection with these plans as contributions are funded.

The risks of participating in these multiemployer plans are different from the risks associated with single-employer plans in the following respects:
•Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
•Though the unfunded obligations of a multiemployer plan are not a liability of the Company, if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
•With respect to some multiemployer plans, if the Company chooses to stop participating, or makes market exits or store closures or otherwise has participation in the plan fall below certain levels, the Company may be required to pay the plan an amount based on the underfunded status of the plan, referred to as withdrawal liability. The Company generally records the actuarially determined liability at an undiscounted amount.

The Company's participation in these plans is outlined in the table below. The EIN-Pension Plan Number column provides the Employer Identification Number ("EIN") and the three-digit plan number, if applicable. Unless otherwise noted, the most recent Pension Protection Act of 2006 ("PPA") zone status available for fiscal 2024 and fiscal 2023 is for the plan's year ended December 31, 2023 and December 31, 2022, respectively. The zone status is based on information received from the plans and is certified by each plan's actuary. The FIP/RP Status Pending/Implemented column indicates plans for which a funding improvement plan ("FIP") or a rehabilitation plan ("RP") is either pending or has been implemented by the plan trustees.
The following tables contain information about the Company's multiemployer plans. Certain plans have been aggregated in the Other funds line in the following table, as the contributions to each of these plans are not individually material.
EIN - PNPension Protection Act zone status (1)Company's 5% of total plan contributionsFIP/RP status pending/implemented
Pension fund2024202320232022
UFCW-Northern California Employers Joint Pension Trust Fund946313554 - 001RedRedYesYesImplemented
Western Conference of Teamsters Pension Plan916145047 - 001GreenGreenNoNoNo
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (4)951939092 - 001RedRedYesYesImplemented
Sound Retirement Trust (6)916069306 - 001GreenGreenYesYesImplemented
Bakery and Confectionery Union and Industry International Pension Fund526118572 - 001RedRedYesYesImplemented
UFCW Union and Participating Food Industry Employers Tri-State Pension Fund236396097 - 001RedRedYesYesImplemented
Rocky Mountain UFCW Unions & Employers Pension Plan846045986 - 001GreenGreenYesYesNo
UFCW Local 152 Retail Meat Pension Fund (5)236209656 - 001RedRedYesYesImplemented
Desert States Employers & UFCW Unions Pension Plan846277982 - 001GreenGreenYesYesNo
UFCW Int'l Union- Albertsons Variable Annuity Pension Fund (5)853326342 - 001GreenGreenYesYesNo
Retail Food Employers and UFCW Local 711 Pension Trust Fund516031512 - 001RedRedYesYesImplemented
Oregon Retail Employees Pension Trust936074377 - 001RedRedYesYesImplemented
Intermountain Retail Store Employees Pension Trust (7)916187192 - 001RedRedYesYesImplemented
UFCW Local 1245 Labor Management Pension Plan516090661 - 001RedRedYesYesImplemented
Contributions of Company (in millions)
Surcharge imposed (2)
Expiration date of collective bargaining agreementsTotal collective bargaining agreementsMost significant collective bargaining agreement(s)(3)
Pension fund202420232022CountExpiration
UFCW-Northern California Employers Joint Pension Trust Fund$130.8 $132.1 $135.2 No4/12/2025 to 2/26/202684804/12/2025
Western Conference of Teamsters Pension Plan78.2 75.9 73.5 No4/19/2025 to 9/30/202955109/21/2025
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (4)136.6 138.5 141.8 No3/4/2025 to 3/6/202640383/4/2025
Sound Retirement Trust (6)73.7 70.1 66.6 No4/26/2025 to 8/3/2029145375/3/2025
Bakery and Confectionery Union and Industry International Pension Fund18.6 18.7 18.3 No7/21/2025 to 3/6/2027119429/6/2025
UFCW Union and Participating Food Industry Employers Tri-State Pension Fund10.7 10.7 11.5 No3/29/2025 to 2/1/2028623/29/2025
Rocky Mountain UFCW Unions & Employers Pension Plan16.5 16.9 17.2 No6/14/2025 to 8/29/2026841211/15/2025
UFCW Local 152 Retail Meat Pension Fund (5)11.1 11.2 11.4 No5/2/2028445/2/2028
Desert States Employers & UFCW Unions Pension Plan11.2 11.0 10.8 No6/14/2025 to 3/7/202620183/7/2026
UFCW Int'l Union- Albertsons Variable Annuity Pension Fund (5)9.6 9.6 8.9 No6/14/2025 to 12/16/20272476/14/2025
Retail Food Employers and UFCW Local 711 Pension Trust Fund8.5 8.6 9.0 No3/1/2025 to 12/19/2026743/1/2025
Oregon Retail Employees Pension Trust13.0 12.8 12.1 No3/1/2025 to 3/4/2028125368/14/2027
Intermountain Retail Store Employees Pension Trust (7)7.8 7.9 8.0 No3/1/2025 to 12/13/20255443/1/2025
UFCW Local 1245 Labor Management Pension Plan6.1 6.0 5.7 No11/28/2026 to 4/8/20284311/28/2026
Other funds 15.3 15.5 16.5 
Total Company contributions to U.S. multiemployer pension plans$547.7 $545.5 $546.5 
(1) PPA established three categories (or "zones") of plans: (1) "Green Zone" for healthy; (2) "Yellow Zone" for endangered; and (3) "Red Zone" for critical. These categories are based upon multiple factors, including the funding ratio of the plan assets to plan liabilities.
(2) Under the PPA, a surcharge may be imposed when employers make contributions under a collective bargaining agreement that is not in compliance with a rehabilitation plan. As of February 22, 2025, the collective bargaining agreements under which the Company was making contributions were in compliance with rehabilitation plans adopted by the applicable pension fund.
(3) These columns represent the number of most significant collective bargaining agreements aggregated by common expiration dates for each of the pension funds listed above.
(4) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at March 31, 2024 and March 31, 2023.
(5) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at June 30, 2023 and June 30, 2022.
(6) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at September 30, 2023 and September 30, 2022.
(7) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at August 31, 2023 and August 31, 2022.

FELRA and MAP: The Company was the second largest contributing employer to the Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund ("FELRA") and the Mid-Atlantic UFCW and Participating Pension Fund ("MAP"). On December 31, 2020, MAP was combined into FELRA (the "Combined Plan"), and the Company withdrew from the Combined Plan. As a result of the withdrawal, commencing February 2021, the Company is required to annually pay $23.2 million to the Combined Plan for the next 25 years. This payment replaces the Company's previous annual contribution to both FELRA and MAP. In addition to the $23.2 million annual payment, the Company was expected to contribute to a new multiemployer
pension plan limited to providing benefits to the former participants in MAP and FELRA in excess of the benefits the Pension Benefit Guaranty Corporation ("PBGC") insures under law (the "Excess Plan"). These contributions were expected to commence in June 2022 and were expected to be approximately $13.7 million annually for 10 years. The Company recorded a non-cash pre-tax charge of $607.2 million ($449.4 million, net of tax) in the fourth quarter of fiscal 2020 to record the pension obligation for these benefits earned for prior service. The pension obligation was determined using a risk-free rate commensurate with the respective payment term related to the Combined Plan and the Excess Plan.

The American Rescue Plan Act ("ARP Act") established a special financial assistance program for financially troubled multiemployer pension plans. The Combined Plan was eligible to receive one-time special financial assistance and qualified to submit its application for $1.2 billion in special financial assistance in the fourth quarter of fiscal 2021. The $1.2 billion in special financial assistance was expected to provide the funding for the Combined Plan to remain solvent for at least 25 years. The Company's estimated funding requirements for the Excess Plan were reduced as the contributions were not expected to commence until approximately 2045. As a result, in the fourth quarter of fiscal 2021, the Company recorded a non-cash pre-tax gain of $106.3 million ($78.7 million, net of tax) to reduce the pension liability for the Excess Plan to approximately $19 million. During the first quarter of fiscal 2022, the Combined Plan received approval and payment from the PBGC for the $1.2 billion in special financial assistance.

On August 8, 2022, the Combined Plan submitted a supplemented application for additional funding of approximately $120 million. The Combined Plan is now expected to remain solvent and therefore the Company currently does not expect to have any funding requirements for the Excess Plan. As a result, during fiscal 2022, the Company recorded a non-cash pre-tax gain of $19.0 million to remove the pension liability for the Excess Plan. During the fourth quarter of fiscal 2022, the Combined Plan received approval and payment of the additional funding.

Collective Bargaining Agreements

As of February 22, 2025, the Company had approximately 285,000 employees, of which approximately 195,000 were covered by collective bargaining agreements. During fiscal 2024, collective bargaining agreements covering approximately 17,500 employees were successfully renegotiated. As of February 22, 2025, collective bargaining agreements covering approximately 120,000 employees have expired or are scheduled to expire in fiscal 2025.

Multiemployer Health and Welfare Plans

The Company makes contributions to multiemployer health and welfare plans in amounts specified in the applicable collective bargaining agreements. These plans provide medical, dental, pharmacy, vision, and other ancillary benefits to active employees and retirees as determined by the trustees of each plan. The majority of the Company's contributions cover active employees and as such, may not constitute contributions to a postretirement benefit plan. However, the Company is unable to separate contribution amounts to postretirement benefit plans from contribution amounts paid to active employee plans. Total contributions to multiemployer health and welfare plans were $1.3 billion for each of fiscal 2024, fiscal 2023 and fiscal 2022.

Defined Contribution Plans and Supplemental Retirement Plans

Many of the Company's employees are eligible to contribute a percentage of their compensation to defined contribution plans ("401(k) Plans"). Participants in the 401(k) Plans may become eligible to receive a profit-sharing allocation in the form of a discretionary Company contribution based on employee compensation. In addition, the Company may also provide matching contributions based on the amount of eligible compensation contributed by the employee. All Company contributions to the 401(k) Plans are made at the discretion of the Board. The Company provides supplemental retirement benefits through a Company sponsored deferred executive compensation plan,
which provides certain key employees with retirement benefits that supplement those provided by the 401(k) Plans. Total contributions accrued for these plans were $83.5 million, $83.0 million and $89.3 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

Merger-Related Retention Benefits

The Merger Agreement provided for the Company to establish a retention program to promote retention and to incentivize efforts to close the Merger and to ensure a successful and efficient integration process. On December 18, 2022, the retention program was approved, with an aggregate amount of up to $100 million, as amended, covering certain executive officers and employees of the Company. With the termination of the Merger Agreement, 50% of the award was paid on December 12, 2024 and 50% will be paid on October 13, 2025. Retention bonus expense was $33.6 million for fiscal 2024 and $35.0 million for fiscal 2023, and is included within Selling and administrative expenses.
v3.25.1
RELATED PARTIES
 12 Months Ended
Feb. 22, 2025
Related Party Transactions [Abstract]  
RELATED PARTIES RELATED PARTIES
The Company's payments to Cerberus Operations and Advisory Company, LLC ("COAC"), an affiliate of Cerberus Capital Management, L.P. ("Cerberus"), were immaterial for fiscal 2024, and totaled $0.1 million and $0.5 million for fiscal 2023 and fiscal 2022, respectively, for consulting services provided in connection with improving the Company's operations.

The Company paid Cerberus Technology Solutions ("CTS"), an affiliate of Cerberus, fees totaling approximately $4.0 million, $5.5 million and $5.5 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively, for information technology advisory and implementation services in connection with modernizing the Company's information systems.
v3.25.1
COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS
 12 Months Ended
Feb. 22, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS
Guarantees

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, including matters involving trade, business and operational practices, personnel and employment issues, lawsuits alleging violations of state and/or federal wage and hour laws, real estate disputes, personal injury, antitrust claims, packaging or product claims, claims related to the sale of drug or pharmacy products, such as opioids, intellectual property claims and other proceedings arising in or outside of the ordinary course of business. Some of these claims or 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 overall 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 is probable and can be reasonably estimated. Nonetheless, assessing and predicting the outcomes of these matters involves substantial uncertainties. While management currently believes that the aggregate estimated liabilities currently recorded are reasonable, it is reasonably possible that differences in actual outcomes or changes in management's evaluation or predictions could arise that could be material to the Company's results of operations or cash flows.

False Claims Act: Two qui tam actions alleging violations of the False Claims Act ("FCA") have been filed against the Company and its subsidiaries. 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. Proctor v. Safeway, filed in the United States District Court for the Central District of Illinois, the relator alleges that Safeway overcharged federal government healthcare programs by not providing the federal government, as part of its usual and customary prices, the benefit of discounts given to customers in pharmacy membership discount and price-matching programs. The relator filed his complaint under seal on November 11, 2011, and the complaint was unsealed on August 26, 2015. The relator amended the complaint on March 31, 2016. On June 12, 2020, the District Court granted Safeway's motion for summary judgment, holding that the relator could not prove that Safeway acted with the intent required under the FCA, and judgment was issued on June 15, 2020. On July 10, 2020, the relator filed a motion to alter or amend the judgment and to supplement the record, which Safeway opposed. On November 13, 2020, the District Court denied relator's motion, and on December 11, 2020, relator filed a notice of appeal. The Seventh Circuit Court of Appeals affirmed the judgment in the Company's favor on April 5, 2022. On August 3, 2022, relators filed a petition seeking review by the U.S. Supreme Court.

In United States ex rel. Schutte and Yarberry v. SuperValu, New Albertson's, Inc., et al., also filed in the Central District of Illinois, the relators allege that defendants (including various subsidiaries of the Company) overcharged federal government healthcare programs by not providing the federal 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. On August 5, 2019, the District Court granted relators' motion for partial summary judgment, holding that price-matched prices are the usual and customary prices for those drugs. On July 1, 2020, the District Court granted the defendants' motions for summary judgment and dismissed the case, holding that the relator could not prove that defendants acted with the intent required under the FCA. Judgment was issued on July 2, 2020. On July 9, 2020, the relators filed a notice of appeal. On August 12, 2021, the Court of Appeals for the Seventh Circuit affirmed the grant of summary judgment in the Company's favor. On September 23, 2021, the relators filed a petition for rehearing en banc with the Seventh Circuit. On December 3, 2021, the Seventh Circuit denied relators' petition. On April 1, 2022, relators filed a petition seeking review by the U.S. Supreme Court.

The U.S. Supreme Court decided to hear the appeals filed by the relators in Proctor and Schutte. The Supreme Court consolidated the two cases for the purpose of hearing the appeal. The Supreme Court heard oral arguments on April 18, 2023. On June 1, 2023, the Supreme Court issued an opinion adverse to the Company that reversed the lower court's rulings. On July 3, 2023, the Supreme Court issued the order remanding both cases back to the Court of Appeals for the Seventh Circuit for further review. On July 27, 2023, the Court of Appeals remanded both cases back to the U.S. District Court for the Central District of Illinois.

On August 22, 2023, the District Court - as to Schutte - set a pretrial conference for March 4, 2024, and a trial date of April 29, 2024. At the same July 27 hearing, the District Court also gave the defendants leave to file motions for summary judgment on a schedule to be agreed upon. On October 11, 2023, the Company and co-defendant filed a motion for summary judgment. On the same day, the relators filed motions for partial summary judgment. On February 16, 2024, the Company and co-defendant filed a motion to reconsider a prior grant of partial summary judgment against the defendants, and also a motion to continue the trial. On February 27, 2024, the District Court
granted the motion to continue and vacated the April 29, 2024 trial date. On April 26, 2024, the District Court denied the motion for reconsideration of partial summary judgment. On May 20, 2024, the District Court heard oral argument on the pending motions for summary judgment. On September 30, 2024, the District Court denied both parties' motions for summary judgment on scienter and granted relators' motion for summary judgment on materiality. On November 18, 2024, the District Court denied a motion by the Company to reconsider the materiality ruling or certify that ruling for an interlocutory appeal. The District Court set trial to begin in Schutte on February 10, 2025. On March 4, 2025, the Company prevailed at trial. The District Court entered judgment in favor of the Company on March 12, 2025. On April 1, 2025, the relators filed a motion to amend the judgment and grant a new trial on damages.

On March 27, 2025, the District Court - as to Proctor - held a status conference and set a trial date of January 20, 2026.

In both of the above cases, the federal government previously investigated the relators' allegations and declined to intervene. The 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. The Company has recorded an estimated liability for these matters.

Pharmacy Benefit Manager (PBM) Litigation: The Company (including its subsidiary, Safeway Inc.) is a defendant in a lawsuit filed on January 21, 2021, in Minnesota state court, captioned Health Care Service Corp. et al. v. Albertsons Companies, LLC, et al. The action challenges certain prescription-drug prices reported by the Company to a pharmacy benefit manager, Prime Therapeutics LLC ("Prime"), which in turn contracted with the health-insurer plaintiffs to adjudicate and process prescription-drug reimbursement claims.

On December 7, 2021, the Company filed a motion to dismiss the complaint. On January 14, 2022, the court denied the Company's motion to dismiss as to all but one count, plaintiffs' claim of negligent misrepresentation. On January 21, 2022, the Company and co-defendant SUPERVALU, Inc. ("SUPERVALU") filed a third-party complaint against Prime, asserting various claims, including: indemnification, fraud and unjust enrichment. On February 17, 2022, the Company filed in the Minnesota Court of Appeals an interlocutory appeal of the denial of their motion to dismiss on personal jurisdiction grounds (the "Jurisdictional Appeal"). On February 24, 2022, the Company and SUPERVALU filed in the trial court an unopposed motion to stay proceedings, pending the resolution of the Jurisdictional Appeal. The parties agreed on March 6, 2022, to an interim stay in the trial court pending a ruling on the unopposed motion to stay proceedings. On September 6, 2022, the Minnesota Court of Appeals denied the Jurisdictional Appeal and affirmed the trial court’s denial of the Company’s motion to dismiss. On October 6, 2022, the Company and SUPERVALU filed a petition seeking review by the Minnesota Supreme Court. On November 23, 2022, the Minnesota Supreme Court denied that petition. The Company and co-defendant SUPERVALU filed an answer to the complaint on January 23, 2023. On March 9, 2023, Prime moved to dismiss the third-party complaint filed by the Company and SUPERVALU. The court heard oral arguments on the motion on May 11, 2023. On August 9, 2023, the court denied Prime's motion as to 16 of the 17 counts in the third-party complaint, and dismissed one count without prejudice. On September 18, 2023, the Company and SUPERVALU filed an amended third-party complaint, which repleaded the one count that had been dismissed (in addition to the other claims asserted in the initial third-party complaint). On October 2, 2023, Prime filed an answer to the amended third-party complaint. The parties are presently engaged in discovery. The case is currently scheduled to be ready for trial on or after March 26, 2026.

The Company is vigorously defending the claims filed against it, and the Company also intends to prosecute its claims against Prime with equal vigor. The Company has recorded an estimated liability for this matter.

Opioid Litigation: The Company is one of dozens of companies that have been named as defendants in lawsuits filed by various plaintiffs, including states, counties, cities, Native American tribes, and hospitals, alleging that defendants contributed to the national opioid epidemic. At present, the Company is named in approximately 81 suits
pending in various state and federal courts including the United States District Court for the Northern District of Ohio, where over 2,000 cases against various defendants have been consolidated as Multi-District Litigation ("MDL") pursuant to 28 U.S.C. §1407. All of the MDL cases naming the Company have been stayed except for two so called "bellwether" actions in Tarrant County (Texas) and Monterey County (California). Discovery has been completed on Tarrant County's liability claim and the matter will be transferred to the Northern District of Texas, Fort Worth Division for trial. Discovery in Monterey County (California) is ongoing. The relief sought by the various plaintiffs in these matters includes compensatory damages, abatement and punitive damages as well as injunctive relief. On July 30, 2024, multiple plaintiffs filed an Omnibus Motion for Leave to Amend complaints, seeking leave from the MDL court to add the Company to over 150 of additional lawsuits. The Company filed its response to the Omnibus Motion on January 16, 2025. The Motion remains pending before the Court.

Prior to the start of a state-court trial that was scheduled for September 6, 2022, the Company reached an agreement to settle with the State of New Mexico. The New Mexico counties and municipal entities that filed 14 additional lawsuits, including Santa Fe County, agreed to the terms of the settlement. Thus, all 15 cases filed by New Mexico entities have been dismissed as a result of the settlement. The Company executed an agreement to settle three matters pending in Nevada state court. The Company recorded a liability of $21.5 million for the settlements of the cases in New Mexico and Nevada which was paid by its insurers in the fourth quarter of fiscal 2022. With respect to the remaining pending state court claims, three claims are currently proceeding through discovery. Those matters are pending in Dallas County (Texas), the State of Washington and the City of Philadelphia (Pennsylvania). The State of Washington matter is scheduled for trial on February 16, 2026. The Company believes that it has substantial factual and legal defenses to these claims, and is vigorously defending these matters. At this stage in the proceedings, the Company is unable to determine the probability of the outcome of these remaining matters or the range of reasonably possible loss.

The Company has also received, subpoenas, Civil Investigative Demands and other requests for documents and information from the U.S. Department of Justice ("DOJ") and certain state Attorneys General, and has had preliminary discussions with the DOJ with respect to purported violations of the federal Controlled Substances Act and the FCA in dispensing prescriptions. The Company has been cooperating with the government with respect to these requests for information.

Other Commitments
In the ordinary course of business, the Company enters into various supply contracts for goods and contracts for fixed assets and information technology. These contracts typically include volume commitments or fixed expiration dates, termination provisions and other standard contractual considerations.
v3.25.1
OTHER COMPREHENSIVE INCOME OR LOSS
 12 Months Ended
Feb. 22, 2025
Stockholders' Equity Note [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 stockholders. Generally, for the Company, total comprehensive income equals net income plus or minus adjustments for pension and other post-retirement liabilities. 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):
Fiscal 2024
TotalPension and Post-retirement benefit plan itemsOther
Beginning AOCI balance$88.0 $87.5 $0.5 
Other comprehensive income before reclassifications9.8 7.4 2.4 
Amounts reclassified from Accumulated other comprehensive income (1)(0.8)(0.8)— 
Tax expense (2.3)(1.7)(0.6)
Current-period other comprehensive income, net6.7 4.9 1.8 
Ending AOCI balance$94.7 $92.4 $2.3 

Fiscal 2023
TotalPension and Post-retirement benefit plan itemsOther
Beginning AOCI balance$69.3 $71.7 $(2.4)
Other comprehensive income before reclassifications31.2 27.3 3.9 
Amounts reclassified from Accumulated other comprehensive income (1)(5.9)(5.9)— 
Tax expense(6.6)(5.6)(1.0)
Current-period other comprehensive income, net18.7 15.8 2.9 
Ending AOCI balance$88.0 $87.5 $0.5 
(1) These amounts are included in the computation of net pension and post-retirement (income) expense. For additional information, see Note 11 - Employee benefit plans and collective bargaining agreements.
v3.25.1
SEGMENT INFORMATION
 12 Months Ended
Feb. 22, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
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 digital channels. The Company's retail 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 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 the Chief Operating Decision Maker ("CODM"), the Company's Chief Executive Officer, regularly reviews the operating results and makes key operating decisions on how to allocate resources. Across all operating segments, the Company operates primarily one store format. Each division offers, through its stores and digital 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.

The CODM evaluates performance and allocates resources using Retail segment EBITDA, defined as earnings (net loss) before interest, income taxes, depreciation and amortization, adjusted to eliminate the effects of items management does not consider in assessing segment performance. The CODM uses Retail segment EBITDA as its principal measure of segment performance to evaluate the Company's operating results and effectiveness of its strategies and to monitor budget versus actual results.

The CODM is not provided asset information by operating segment as asset information is provided to the CODM on a consolidated basis. No customer accounts for 10% or more of the Company's revenues. Substantially all of the Company's revenues are generated in the U.S. and its long-lived assets are predominantly located within the U.S. The accounting policies of the reportable segment generally align with those described in the Company’s summary of significant accounting policies contained in Note 1, except certain classification differences that are not material for all periods presented.
The following table presents segment information for Net sales and other revenue, significant segment expenses and Retail segment EBITDA (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Retail segment sales$79,633.2 $78,494.4 $76,773.7 
Other revenue (1)757.7 743.3 876.0 
Net sales and other revenue$80,390.9 $79,237.7 $77,649.7 
Retail segment expenses:
Merchandise costs, including advertising, distribution and freight56,674.1 55,807.2 54,250.1 
Employee costs (2)11,734.9 11,411.5 11,222.0 
Other segment expenses (3)6,668.5 6,482.8 6,168.9 
Retail segment EBITDA$4,555.7 $4,792.9 $5,132.7 
Reconciliation to Income before income taxes:
Corporate adjusted EBITDA (4)(551.0)(475.2)(455.7)
Depreciation and amortization(1,817.9)(1,779.0)(1,807.1)
Interest expense, net(459.8)(492.1)(404.6)
(Loss) gain on interest rate swaps and energy hedges, net(0.9)3.2 8.4 
Business transformation (5)(105.2)(45.1)(78.3)
Equity-based compensation expense(106.2)(104.5)(138.3)
(Loss) gain on property dispositions and impairment losses, net(95.8)(43.9)147.5 
LIFO expense(28.6)(52.0)(268.0)
Government-mandated incremental COVID-19 pandemic related pay (6)— — (10.8)
Merger-related costs (7)(254.8)(180.6)(56.5)
Certain legal and regulatory accruals and settlements, net(6.1)6.7 (100.7)
Combined Plan (8)— — 19.0 
Miscellaneous adjustments (9)0.3 (41.4)(52.1)
Income before income taxes$1,129.7 $1,589.0 $1,935.5 
(1)    Primarily includes wholesale sales to third parties and other miscellaneous revenue not included in Retail segment sales.
(2)    Includes wages, salaries, benefits, insurance and other employee-related costs.
(3)    Other segment expenses primarily includes rent and occupancy costs, debit and credit card fees, supplies, divisional support costs and allocated corporate costs.
(4) Corporate adjusted EBITDA includes bonus compensation, unallocated corporate costs and contribution from the Company's wholesale and other sales.
(5) Includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and employee termination costs related to the Company's reduction in workforce during the fourth quarter of fiscal 2024.
(6) Represents incremental COVID-19 related pay legislatively required in certain municipalities in which the Company operates.
(7) Primarily relates to third-party legal and advisor fees and retention program expense related to the Merger and costs in connection with the Company's previously-announced Board-led review of potential strategic alternatives.
(8) Related to the Combined Plan during the second quarter of fiscal 2022. For additional information, see Note 11 - Employee benefit plans and collective bargaining agreements.
(9) Primarily includes net realized and unrealized gains and losses related to non-operating investments, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, pension settlement loss, adjustments for unconsolidated equity investments and other costs not allocated to the segment.
v3.25.1
NET INCOME PER COMMON SHARE
 12 Months Ended
Feb. 22, 2025
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE NET INCOME PER COMMON SHARE
The Company calculates basic and diluted net income per Class A common share using the two-class method. The two-class method is an allocation formula that determines net income per Class A common share for each share of Class A common stock and Convertible Preferred Stock, a participating security, according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings (distributed and undistributed) are allocated to Class A common shares and Convertible Preferred Stock based on their respective rights to receive dividends. The holders of Convertible Preferred Stock participated in cash dividends that the Company paid on its common stock to the extent that such cash dividends exceeded $206.25 million per fiscal year and shares of Convertible Preferred Stock remained outstanding as of the applicable record date to participate in such dividends. As of June 17, 2023, 100% of the originally issued Convertible Preferred Stock had been converted into Class A common stock and no shares of Convertible Preferred Stock are outstanding. In applying the two-class method to interim periods, the Company allocates income to its quarterly periods independently and discretely from its year-to-date and annual periods. Basic net income per Class A common share is computed by dividing net income allocated to Class A common stockholders by the weighted average number of Class A common shares outstanding for the period, including Class A common shares to be issued with no prior remaining contingencies prior to issuance. Diluted net income per Class A common share is computed based on the weighted average number of shares of Class A common stock outstanding during each period, plus potential Class A common shares considered outstanding during the period, as long as the inclusion of such awards is not antidilutive. Potential Class A common shares consist of unvested RSUs and RSAs and Convertible Preferred Stock, using the more dilutive of either the two-class method or as-converted stock method. PBRSUs and performance-based RSAs are considered dilutive when the related performance criterion has been met.
The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Basic net income per Class A common share
Net income$958.6 $1,296.0 $1,513.5 
Special Dividend on Convertible Preferred Stock— — (252.2)
Accrued dividends on Convertible Preferred Stock— (0.3)(51.0)
Earnings allocated to Convertible Preferred Stock— (0.7)— 
Net income allocated to Class A common stockholders - Basic$958.6 $1,295.0 $1,210.3 
Weighted average Class A common shares outstanding - Basic (1)580.1 575.4 529.0 
Basic net income per Class A common share$1.65 $2.25 $2.29 
 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic$958.6 $1,295.0 $1,210.3 
Accrued dividends on Convertible Preferred Stock— — — 
Earnings allocated to Convertible Preferred Stock— — — 
Net income allocated to Class A common stockholders - Diluted$958.6 $1,295.0 $1,210.3 
Weighted average Class A common shares outstanding - Basic (1)580.1 575.4 529.0 
Dilutive effect of:
Restricted stock units and awards3.7 5.7 5.0 
Convertible Preferred Stock (2)— — — 
Weighted average Class A common shares outstanding - Diluted (3)583.8 581.1 534.0 
Diluted net income per Class A common share$1.64 $2.23 $2.27 
(1) Fiscal 2024, fiscal 2023 and fiscal 2022 include 2.3 million, 3.0 million and 2.8 million Class A common shares remaining to be issued, respectively.
(2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding. For fiscal 2023 and fiscal 2022, 0.3 million and 42.7 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive, respectively.
(3) The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for fiscal 2024, fiscal 2023 and fiscal 2022 were not material.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Pay vs Performance Disclosure      
Net income $ 958.6 $ 1,296.0 $ 1,513.5
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Feb. 22, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Feb. 22, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Feb. 22, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Our cybersecurity risk management processes for assessing and managing risks from cybersecurity threats include proactively identifying and detecting internal and external threats and vulnerabilities and mitigating, containing or eradicating attacks, as necessary. To ensure the highest levels of availability and integrity of critical business systems and services, we have designed a comprehensive risk reduction strategy. Our cybersecurity related risk management processes include assessing risk based on business criticality, data classification, disaster recovery rating, and security monitoring our operations (e.g., network, systems, retail stores, manufacturing plants and distribution centers) to determine where and how critical business operations could be impacted by a cyber incident. We maintain a risk repository and partner with technology and business teams to identify and remediate risk. Our cybersecurity team conducts regular risk assessments to analyze the likelihood of compromise and magnitude of harm which could potentially result from unauthorized access, use, disclosure, disruption, modification, or destruction of the Company's systems and data. We also perform risk assessments on our third-party suppliers. We make reasonable efforts to require third-party technology service providers to manage vulnerabilities in their environments to prevent the risk of impact to our business operations and enterprise network. We also undertake periodic National Institute of Standards and Technology ("NIST") Cybersecurity Framework assessments,
conducted by a third party, to ensure our cybersecurity program is maturing in-line with industry and includes the key functions and capabilities to address key risk areas.

Collectively with our technology partners, we continuously (24/7) monitor our systems and assets to quickly respond to cybersecurity threats against our business. We conduct vulnerability scanning of our infrastructure and applications to identify risk and work with relevant stakeholders to proactively remediate risk where necessary. Additionally, we partner with multiple third-party managed security service providers ("MSSP") for enhanced monitoring of our information technology and data security environment and to perform proactive detection and investigation of suspicious or malicious activity within our network. We have defined processes with our third-party MSSPs for handling and escalating identified potential malicious activity within the Company’s information technology environment. MSSPs and internal stakeholders perform response actions when a security event is identified. Additionally, we meet regularly with our MSSPs to enhance processes and to ensure service level requirements are being met.
Information security risk events are managed by following our cyber incident response plan and executed by our cybersecurity team in coordination with stakeholders (including legal counsel) who review and assess materiality based on qualitative and quantitative factors. In the case of a risk event that has a broad organizational impact, the event will be escalated to the Company’s Corporate Crisis Management Team comprised of senior leadership who will execute a tailored response plan, activate notification procedures where applicable, and guided by legal counsel, coordinate communications with appropriate business partners, and manage the incidents through closure. We conduct annual tabletop exercises to test our response processes and incident management procedures. The outcomes from these exercises are used to drive continuous improvement in how we handle cybersecurity incidents.
As of the date of this report, we have not identified any cybersecurity threats that have materially affected or are reasonably anticipated to have a material effect on the Company. Although we have not experienced cybersecurity incidents that are individually, or in the aggregate, material, we have experienced cyberattacks in the past, which have been mitigated by preventive, detective, and responsive measures put in place by the Company.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Our cybersecurity risk management processes for assessing and managing risks from cybersecurity threats include proactively identifying and detecting internal and external threats and vulnerabilities and mitigating, containing or eradicating attacks, as necessary. To ensure the highest levels of availability and integrity of critical business systems and services, we have designed a comprehensive risk reduction strategy. Our cybersecurity related risk management processes include assessing risk based on business criticality, data classification, disaster recovery rating, and security monitoring our operations (e.g., network, systems, retail stores, manufacturing plants and distribution centers) to determine where and how critical business operations could be impacted by a cyber incident.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our Board is engaged in risk management and the oversight of Company-wide risks. To supplement its risk oversight function, our Board has delegated certain risk management responsibilities to the Audit and Risk Committee (the "Audit Committee") and the Technology Committee of the Board (the "Technology Committee").
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
As part of its responsibility related to enterprise-wide risk management, the Audit Committee reviews and discusses with management cybersecurity risks, how they are being addressed and the effectiveness of risk management policies and practices to help safeguard the Company's operations, financial systems, and data in an ever-evolving threat landscape. The internal audit team, in its quarterly compliance and risk assessment update to the Audit Committee, reports on its reviews of the Company's cybersecurity risk exposures, controls and management actions. In addition to this regular reporting, significant cybersecurity incidents, risks or threats may also be escalated on an as-needed basis to the Audit Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
As part of its responsibility related to enterprise-wide risk management, the Audit Committee reviews and discusses with management cybersecurity risks, how they are being addressed and the effectiveness of risk management policies and practices to help safeguard the Company's operations, financial systems, and data in an ever-evolving threat landscape. The internal audit team, in its quarterly compliance and risk assessment update to the Audit Committee, reports on its reviews of the Company's cybersecurity risk exposures, controls and management actions. In addition to this regular reporting, significant cybersecurity incidents, risks or threats may also be escalated on an as-needed basis to the Audit Committee.

The Technology Committee is responsible for oversight of the Company's technology risk management, including but not limited to the Company's technology related policies, technology architecture, significant emerging technology issues and trends that may affect the Company, and practices and safeguards for information technology, cybersecurity, and data security. Our Chief Information Security Officer ("CISO") presents cybersecurity related topics quarterly to the Technology Committee, including reviews of key information security risk metrics and program maturity progress, and annually updates the Board on external assessments.
Cybersecurity Risk Role of Management [Text Block]
As part of its responsibility related to enterprise-wide risk management, the Audit Committee reviews and discusses with management cybersecurity risks, how they are being addressed and the effectiveness of risk management policies and practices to help safeguard the Company's operations, financial systems, and data in an ever-evolving threat landscape. The internal audit team, in its quarterly compliance and risk assessment update to the Audit Committee, reports on its reviews of the Company's cybersecurity risk exposures, controls and management actions. In addition to this regular reporting, significant cybersecurity incidents, risks or threats may also be escalated on an as-needed basis to the Audit Committee.

The Technology Committee is responsible for oversight of the Company's technology risk management, including but not limited to the Company's technology related policies, technology architecture, significant emerging technology issues and trends that may affect the Company, and practices and safeguards for information technology, cybersecurity, and data security. Our Chief Information Security Officer ("CISO") presents cybersecurity related topics quarterly to the Technology Committee, including reviews of key information security risk metrics and program maturity progress, and annually updates the Board on external assessments.

At the management level, our cybersecurity organization is led by the Company's CISO, who reports to the Company's Chief Technology and Transformation Officer. The CISO is responsible for all aspects of our cybersecurity program across the Company, which includes cybersecurity engineering and architecture, cybersecurity operations, incident response, threat intelligence, identity and access management, cybersecurity risk and compliance, and vulnerability management. Our CISO has served in leadership roles across the retail, financial services, and national security sectors. Before joining the Company, he was Deputy CISO at Capital One Financial Corp. and Deputy Assistant Secretary of Defense for Cyber Policy. He earned a BS in Mechanical Engineering from
the University of Virginia, MS in Telecommunications and Computers from George Washington University, and MBA from the Stanford Graduate School of Business. He continues to serve as a Colonel in the United States Air Force Reserve as a Senior Advisor to the Commander of USCYBERCOM.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] At the management level, our cybersecurity organization is led by the Company's CISO, who reports to the Company's Chief Technology and Transformation Officer. The CISO is responsible for all aspects of our cybersecurity program across the Company, which includes cybersecurity engineering and architecture, cybersecurity operations, incident response, threat intelligence, identity and access management, cybersecurity risk and compliance, and vulnerability management.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CISO has served in leadership roles across the retail, financial services, and national security sectors. Before joining the Company, he was Deputy CISO at Capital One Financial Corp. and Deputy Assistant Secretary of Defense for Cyber Policy. He earned a BS in Mechanical Engineering from
the University of Virginia, MS in Telecommunications and Computers from George Washington University, and MBA from the Stanford Graduate School of Business. He continues to serve as a Colonel in the United States Air Force Reserve as a Senior Advisor to the Commander of USCYBERCOM.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
The Technology Committee is responsible for oversight of the Company's technology risk management, including but not limited to the Company's technology related policies, technology architecture, significant emerging technology issues and trends that may affect the Company, and practices and safeguards for information technology, cybersecurity, and data security. Our Chief Information Security Officer ("CISO") presents cybersecurity related topics quarterly to the Technology Committee, including reviews of key information security risk metrics and program maturity progress, and annually updates the Board on external assessments.
At the management level, our cybersecurity organization is led by the Company's CISO, who reports to the Company's Chief Technology and Transformation Officer. The CISO is responsible for all aspects of our cybersecurity program across the Company, which includes cybersecurity engineering and architecture, cybersecurity operations, incident response, threat intelligence, identity and access management, cybersecurity risk and compliance, and vulnerability management. Our CISO has served in leadership roles across the retail, financial services, and national security sectors. Before joining the Company, he was Deputy CISO at Capital One Financial Corp. and Deputy Assistant Secretary of Defense for Cyber Policy. He earned a BS in Mechanical Engineering from
the University of Virginia, MS in Telecommunications and Computers from George Washington University, and MBA from the Stanford Graduate School of Business. He continues to serve as a Colonel in the United States Air Force Reserve as a Senior Advisor to the Commander of USCYBERCOM.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Feb. 22, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business/Basis of Presentation
Description of Business

Albertsons Companies, Inc. and its subsidiaries (the "Company" or "ACI") is a food and drug retailer that, as of February 22, 2025, operated 2,270 retail stores together with 405 associated fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. The Company's retail food businesses and in-store pharmacies operate throughout the United States (U.S.) under more than 20 well known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, ACME, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci's Food Lovers Market. The Company has no separate assets or liabilities other than its investments in its subsidiaries, and all of its business operations are conducted through its operating subsidiaries.

Basis of Presentation

The Company's Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Intercompany transactions and accounts have been eliminated in consolidation for all periods presented.
Fiscal year Fiscal year: The Company's fiscal year ends on the last Saturday in February. Unless the context otherwise indicates, reference to a fiscal year of the Company refers to the calendar year in which such fiscal year commences. The Company's first quarter consists of 16 weeks, the second, third and fourth quarters generally each consist of 12 weeks, and the fiscal year generally consists of 52 weeks.
Use of estimates
Use of estimates: The preparation of the Company's Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the reporting periods presented. Certain estimates require difficult, subjective or complex judgments about matters that are inherently uncertain. Actual results could differ from those estimates.
Cash and cash equivalents Cash and cash equivalents: Cash equivalents include all highly liquid investments with original maturities of three months or less at the time of purchase and outstanding deposits related to credit and debit card sales transactions that settle within a few days.
Restricted cash Restricted cash: Restricted cash is included in Other current assets and Other assets depending on the remaining term of the restriction and primarily relates to surety bonds.
Receivables, net
Receivables, net: Receivables consist primarily of trade accounts receivable, pharmacy accounts receivable, tenant receivables and vendor receivables. Management makes estimates of the uncollectibility of its accounts receivable. In determining the adequacy of the allowances for doubtful accounts, management analyzes the value of collateral, historical collection experience, aging of receivables and other economic and industry factors. It is possible that the accuracy of the estimation process could be materially impacted by different judgments, estimations and
assumptions based on the information considered and could result in a further adjustment of receivables. The allowance for doubtful accounts and bad debt expense were not material for any of the periods presented.
Inventories, net
Inventories, net: Substantially all of the Company's inventories consist of finished goods valued at the lower of cost or market and net of vendor allowances.
The Company primarily uses the retail inventory or cost method to determine inventory cost before application of any LIFO adjustment. Under the retail inventory method, inventory cost is determined, before the application of any LIFO adjustment, by applying a cost-to-retail ratio to various categories of similar items to the retail value of those items. Under the cost method, the most recent purchase cost is used to determine the cost of inventory before the application of any LIFO adjustment.During fiscal 2024, fiscal 2023 and fiscal 2022, inventory quantities in certain LIFO layers were reduced. These reductions resulted in a liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years as compared with the cost of fiscal 2024, fiscal 2023 and fiscal 2022 purchases.Cost for the remaining inventories, which consists primarily of certain perishable and fuel inventories, was determined using the most recent purchase cost, which approximates the first-in, first-out ("FIFO") method. Perishables are counted every four weeks and are carried at the last purchased cost which approximates FIFO cost. Fuel inventories are carried at the last purchased cost, which approximates FIFO cost. The Company records inventory shortages based on actual physical counts at its facilities and also provides allowances for inventory shortages for the period between the last physical count and the balance sheet date.
Property and equipment, net
Property and equipment, net: Property and equipment is recorded at cost or fair value for assets acquired as part of a business combination, and depreciation is calculated on the straight-line method over the estimated useful lives of the assets. Estimated useful lives are generally as follows: buildings - seven to 40 years; leasehold improvements - the shorter of the remaining lease term or ten to 20 years; and fixtures and equipment - three to 20 years.
Property and equipment under finance leases are recorded at the lower of the present value of the future minimum lease payments or the fair value of the asset and are amortized on the straight-line method over the lesser of the lease term or the estimated useful life. Interest capitalized on property under construction was immaterial for all periods presented.
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. Operating and finance lease assets and liabilities are recognized at the lease commencement date. Operating leases are included in operating lease right-of-use ("ROU") assets, current operating lease obligations and long-term operating lease obligations on the Consolidated Balance Sheets. Finance leases are included in Property and equipment, net, current maturities of long-term debt and finance lease obligations and long-term debt and finance lease obligations on the Consolidated Balance Sheets. Operating lease 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 based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate, which is estimated to approximate the interest rate on a collateralized basis with similar terms, is used in calculating the present value of the sum of the lease payments. Operating lease assets are based on 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 primarily relate to common area maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all asset classes. 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.
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. Operating and finance lease assets and liabilities are recognized at the lease commencement date. Operating leases are included in operating lease right-of-use ("ROU") assets, current operating lease obligations and long-term operating lease obligations on the Consolidated Balance Sheets. Finance leases are included in Property and equipment, net, current maturities of long-term debt and finance lease obligations and long-term debt and finance lease obligations on the Consolidated Balance Sheets. Operating lease 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 based on the present value of remaining lease payments over the lease term. As the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate, which is estimated to approximate the interest rate on a collateralized basis with similar terms, is used in calculating the present value of the sum of the lease payments. Operating lease assets are based on 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 primarily relate to common area maintenance. Non-lease components and the lease components to which they relate are accounted for together as a single lease component for all asset classes. 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.
Impairment of long-lived assets
Impairment of long-lived assets: The Company regularly reviews the operating performance of its individual stores and other long-lived assets, together with current market conditions, for indicators of impairment. When events or changes in circumstances indicate that the carrying value of the individual store's assets or other long-lived assets may not be recoverable, their future undiscounted cash flows are compared to the carrying value. If the carrying value of the asset is greater than the estimated undiscounted future cash flows, the carrying value of the asset is compared to the asset's estimated fair value and an impairment loss is recognized when the asset's carrying value exceeds its estimated fair value. For assets held for sale, the Company recognizes impairment charges for the excess of the carrying value plus estimated costs of disposal over the fair value. Fair values are determined using an income or market approach based on estimated cash flow expected. The Company uses multiple inputs, including projected future cash flows and discount rates, to determine the estimated fair value, for which actual results could differ due to inherent uncertainty involved in estimating fair value. Long-lived asset impairments are recorded as a component of Loss (gain) on property dispositions and impairment losses, net.
Intangible assets, net Intangible assets, net: Intangible assets with finite lives consist primarily of trade names, customer prescription files and internally developed software. Intangible assets with finite lives are amortized on a straight-line basis over an estimated economic life ranging from three to 40 years. The Company reviews finite-lived intangible assets for impairment in accordance with its policy for long-lived assets. Intangible assets with indefinite useful lives, which are not amortized, consist of restricted covenants and liquor licenses. The Company reviews intangible assets with indefinite useful lives and tests for impairment annually on the first day of the fourth quarter and also if events or changes in circumstances indicate the occurrence of a triggering event. The review consists of comparing the estimated fair value of the cash flows generated by the asset to the carrying value of the asset.
Cloud computing arrangements that are service contracts Cloud computing arrangements that are service contracts: The Company enters into hosted cloud computing arrangements that are considered to be service contracts and capitalizes certain development costs related to implementing the cloud computing arrangement.
Goodwill
Goodwill: Goodwill represents the difference between the purchase price and the fair value of assets and liabilities acquired in a business combination. Goodwill is not amortized as the Company reviews goodwill for impairment annually on the first day of its fourth quarter and also if events or changes in circumstances indicate the occurrence of a triggering event. The Company reviews goodwill for impairment by initially considering qualitative factors to determine whether it is necessary to perform a quantitative analysis. If it is determined that it is more likely than not that the fair value of reporting unit is less than its carrying amount, a quantitative analysis is performed to identify goodwill impairment. If it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, it is unnecessary to perform a quantitative analysis. The Company may elect to bypass the qualitative assessment and proceed directly to performing a quantitative analysis. Based on the qualitative analysis performed in fiscal 2024, the Company determined that there was no goodwill impairment.
Business combination measurements
Business combination measurements: In accordance with applicable accounting standards, the Company estimates the fair value of acquired assets and assumed liabilities as of the acquisition date of business combinations. These fair value adjustments are input into the calculation of goodwill related to the excess of the purchase price over the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition.

The fair value of assets acquired and liabilities assumed are determined using market, income and cost approaches from the perspective of a market participant. The fair value measurements can be based on significant inputs that are not readily observable in the market. The market approach indicates value for a subject asset based on available market pricing for comparable assets. The market approach used includes prices and other relevant information generated by market transactions involving comparable assets, as well as pricing guides and other sources. The income approach indicates value for a subject asset based on the present value of cash flows projected to be generated by the asset. Projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money. The cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, is used for certain assets for which the market and income approaches could not be applied due to the nature of the asset. The cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset, adjusted for obsolescence, whether physical, functional or economic.
Equity method investments Equity method investments: Investments in certain companies over which the Company exerts significant influence, but does not control the financial and operating decisions, are accounted for as equity method investments. For equity method investments, the Company regularly reviews its investments to determine whether there is a decline in fair value below carrying value. If there is a decline that is other-than-temporary, the investment is written down to fair value.
Other investments Other investments: Investments in equity securities with a readily determinable fair value, not accounted for under the equity method, are recorded at fair value with realized and unrealized gains and losses included in Other income, net. For equity securities without a readily determinable fair value, the investment is recorded at cost, less any impairment, plus or minus adjustments related to observable transactions for the same or similar securities, with realized and unrealized gains and losses included in Other income, net.
Company-Owned life insurance policies ("COLI") Company-Owned life insurance policies ("COLI"): The Company has COLI policies that have a cash surrender value. The Company has loans against these policies. The Company has no intention of repaying the loans prior to maturity or cancellation of the policies. Therefore, the Company offsets the cash surrender value by the related loans.
Derivatives
Derivatives: The Company has entered into contracts to purchase electricity and natural gas at fixed prices for a portion of its energy needs. The Company expects to take delivery of the electricity and natural gas in the normal course of business. Contracts that qualify for the normal purchase exception under derivatives and hedging accounting guidance are not recorded at fair value. Energy purchased under these contracts is expensed as delivered. The Company also manages its exposure to changes in diesel prices utilized in the Company's distribution process through the use of short-term heating oil derivative contracts. These contracts are economic hedges of price risk and are not designated or accounted for as hedging instruments for accounting purposes. Changes in the fair value of these instruments are recognized in current period earnings.
Self-Insurance liabilities Self-Insurance liabilities: The Company is primarily self-insured for workers' compensation, property, automobile and general liability. The self-insurance liability is undiscounted and determined actuarially, based on claims filed and an estimate of claims incurred but not yet reported. The Company has established stop-loss amounts that limit the Company's further exposure after a claim reaches the designated stop-loss threshold. Stop-loss amounts for claims incurred for the years presented range from $0.25 million to $10.0 million per claim, depending upon the type of insurance coverage and the year the claim was incurred. In determining its self-insurance liabilities, the Company performs a continuing review of its overall position and reserving techniques. Since recorded amounts are based on estimates, the ultimate cost of all incurred claims and related expenses may be more or less than the recorded liabilities.The self-insurance liabilities and related reinsurance receivables are recorded gross.
Benefit plans and Multiemployer plans
Benefit plans and Multiemployer plans: Substantially all of the Company's employees are covered by various contributory and non-contributory pension, profit sharing or 401(k) plans, in addition to sponsored defined benefit plans. Certain employees participate in a long-term retention incentive bonus plan. The Company also provides certain health and welfare benefits, including short-term and long-term disability benefits to inactive disabled employees prior to retirement.

The Company recognizes a liability for the underfunded status of the defined benefit plans as a component of Other long-term liabilities. Actuarial gains or losses and prior service costs or credits are recorded within Other comprehensive income (loss). The determination of the Company's obligation and related expense for its sponsored pensions and other post-retirement benefits is dependent, in part, on management's selection of certain actuarial assumptions in calculating these amounts. These assumptions include, among other things, the discount rate and expected long-term rate of return on plan assets.
Most union employees participate in multiemployer retirement plans pursuant to collective bargaining agreements, unless the collective bargaining agreement provides for participation in plans sponsored by the Company. Pension expense for the multiemployer plans is recognized as contributions are funded.
Equity-based compensation
Equity-based compensation: The Company recognizes equity-based compensation expense for restricted stock units ("Restricted Stock Units" or "RSUs") and restricted common stock of the Company ("RSAs") granted to employees and non-employee directors. Actual forfeitures are recognized as they occur. Equity-based compensation expense is based on the fair value on the grant date and is recognized over the requisite service period of the award, generally between one and three years from the date of the award. The fair value of the RSUs and RSAs with a service condition or performance-based condition is generally determined using the fair market value of the Company's Class A common stock on the grant date.
Revenue recognition, Cost of sales and vendor allowances Revenue recognition: Revenues from the retail sale of products are recognized at the point of sale or delivery to the customer, net of returns and sales tax. Pharmacy sales are recorded upon the customer receiving the prescription.For digital related sales, which primarily include home delivery and Drive Up & Go curbside pickup, 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 in fiscal 2024 and fiscal 2023. Media advertising services are classified as either Net sales and other revenue or a reduction in Cost of sales depending on the nature of the media advertising arrangement. 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 in proportion to its customers' pattern of redemption, which the Company determined to be the historical redemption rate.
Cost of sales and vendor allowances: Cost of sales includes, among other things, purchasing and sourcing costs, inbound freight costs, product quality testing costs, warehousing and distribution costs, Own Brands program costs and digital-related delivery and handling costs.
The Company receives vendor allowances or rebates ("Vendor Allowances") for a variety of merchandising initiatives and buying activities. The terms of the Company's Vendor Allowances arrangements vary in length but are primarily expected to be completed within a quarter. The Company records Vendor Allowances as a reduction of Cost of sales when the associated products are sold. Vendor Allowances that have been earned as a result of completing the required performance under terms of the underlying agreements but for which the product has not yet been sold are recognized as reductions of inventory.
Advertising costs Advertising costs are included in Cost of sales and are expensed in the period the advertising occurs. Cooperative advertising funds are recorded as a reduction of Cost of sales when the advertising occurs.
Selling and administrative expenses Selling and administrative expenses: Selling and administrative expenses consist primarily of store and corporate employee-related costs such as salaries and wages, equity-based compensation, health and welfare benefits, workers' compensation and pension benefits, as well as rent, occupancy, debit and credit card fees, depreciation, utilities, amortization of intangibles and other operating and administrative costs.
Income taxes
Income taxes: The Company's income before taxes is primarily from domestic operations. Deferred taxes are provided for the net tax effects of temporary differences between the financial reporting and income tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Valuation allowances are established where management determines that it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company reviews tax positions taken or expected to be taken on tax returns to determine whether and to what extent a tax benefit can be recognized. The Company evaluates its positions taken and establishes liabilities in accordance with the applicable accounting guidance for uncertain tax positions. The Company reviews these liabilities as facts and circumstances change and adjusts accordingly. The Company recognizes any interest and penalties associated with uncertain tax positions as a component of Income tax expense. U.S. shareholders of a controlled foreign corporation are required to provide U.S. taxes on its share of global intangible low-taxed income ("GILTI"). The current and deferred tax impact of GILTI is not material to the Company. Accordingly, the Company will report the tax impact of GILTI as a period cost and not provide deferred taxes for the basis difference that would be expected to reverse as GILTI.
Recently adopted accounting standards and Recently issued accounting standards
Recently adopted accounting standards: In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting Topic (280): Improvements to Reportable Segment Disclosure." The ASU updated reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The Company adopted this ASU beginning in the fourth quarter of fiscal 2024 on a retrospective basis for all periods presented, requiring additional disclosures in its consolidated financial statements. For additional information about the Company's segment reporting, see Note 15 - Segment Information.

Recently issued accounting standards: In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The ASU enhances the transparency and decision usefulness of income tax disclosures and is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures.
In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses." The ASU requires disclosures about specific types of expenses, including purchases of inventory, employee compensation, depreciation and amortization. The amendments in this ASU are effective for fiscal years beginning after December 15, 2026, and for interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its Consolidated Financial Statements and related disclosures.
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; and
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.
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Feb. 22, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Self-insurance Liabilities
Changes in self-insurance liabilities consisted of the following (in millions):
February 22,
2025		February 24,
2024
Beginning balance$1,267.6 $1,234.1 
Expense, net of actuarial adjustments402.5 373.0 
Claim payments(374.0)(339.5)
Ending balance1,296.1 1,267.6 
Less current portion(374.0)(367.7)
Long-term portion$922.1 $899.9 
Schedule of Sales Revenue by Type of Similar Products
The following table represents Net sales and other revenue by product type (dollars in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Amount
(1)		% of TotalAmount
(1)		% of TotalAmount
(1)		% of Total
Non-perishables (2)
$40,102.8 49.9 %$39,977.3 50.5 %$39,142.4 50.4 %
Fresh (3)25,507.3 31.7 %25,442.7 32.1 %25,585.4 32.9 %
Pharmacy9,597.2 11.9 %8,240.0 10.4 %6,769.3 8.7 %
Fuel3,980.6 5.0 %4,396.7 5.5 %4,857.6 6.3 %
Other (4)1,203.0 1.5 %1,181.0 1.5 %1,295.0 1.7 %
Total$80,390.9 100.0 %$79,237.7 100.0 %$77,649.7 100.0 %
(1) Digital related sales are included in the categories to which the revenue pertains.
(2) Consists primarily of general merchandise, grocery, dairy and frozen foods.
(3) Consists primarily of produce, meat, deli and prepared foods, bakery, floral and seafood.
(4) Consists primarily of wholesale sales to third parties, commissions, media advertising revenue, rental income and other miscellaneous revenue.
v3.25.1
PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Feb. 22, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
Property and equipment, net consisted of the following (in millions):
February 22,
2025		February 24,
2024
Land$2,094.6 $2,118.9 
Buildings5,787.7 5,537.7 
Property under construction815.9 692.4 
Leasehold improvements2,861.1 2,699.0 
Fixtures and equipment8,948.0 8,792.1 
Property and equipment under finance leases617.9 679.3 
Total property and equipment21,125.2 20,519.4 
Accumulated depreciation and amortization(11,314.2)(10,949.1)
Total property and equipment, net$9,811.0 $9,570.3 
v3.25.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Feb. 22, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net consisted of the following (in millions):
February 22,
2025		February 24,
2024
Estimated useful lives (Years)Gross carrying amountAccumulated amortizationNetGross carrying amountAccumulated amortizationNet
Trade names40$1,935.8 $(507.7)$1,428.1 $1,935.8 $(459.1)$1,476.7 
Customer prescription files51,441.0 (1,400.2)40.8 1,430.9 (1,389.1)41.8 
Internally developed software
3 to 5
1,889.2 (1,127.5)761.7 1,769.5 (944.3)825.2 
Other intangible assets (1)
3 to 6
44.7 (41.6)3.1 66.1 (61.5)4.6 
Total finite-lived intangible assets5,310.7 (3,077.0)2,233.7 5,202.3 (2,854.0)2,348.3 
Liquor licenses and restricted covenantsIndefinite84.3 — 84.3 86.2 — 86.2 
Total intangible assets, net$5,395.0 $(3,077.0)$2,318.0 $5,288.5 $(2,854.0)$2,434.5 
(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net consisted of the following (in millions):
February 22,
2025		February 24,
2024
Estimated useful lives (Years)Gross carrying amountAccumulated amortizationNetGross carrying amountAccumulated amortizationNet
Trade names40$1,935.8 $(507.7)$1,428.1 $1,935.8 $(459.1)$1,476.7 
Customer prescription files51,441.0 (1,400.2)40.8 1,430.9 (1,389.1)41.8 
Internally developed software
3 to 5
1,889.2 (1,127.5)761.7 1,769.5 (944.3)825.2 
Other intangible assets (1)
3 to 6
44.7 (41.6)3.1 66.1 (61.5)4.6 
Total finite-lived intangible assets5,310.7 (3,077.0)2,233.7 5,202.3 (2,854.0)2,348.3 
Liquor licenses and restricted covenantsIndefinite84.3 — 84.3 86.2 — 86.2 
Total intangible assets, net$5,395.0 $(3,077.0)$2,318.0 $5,288.5 $(2,854.0)$2,434.5 
(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.
Schedule of Future Amortization Expense of Finite-Lived Intangible Assets Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):
Fiscal YearAmortization Expected
2025$348.6 
2026283.2 
2027174.5 
202889.4 
202957.4 
Thereafter1,280.6 
Total$2,233.7 
v3.25.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Feb. 22, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents certain assets which are measured at fair value on a recurring basis as of February 22, 2025 (in millions):
 Fair Value Measurements
TotalQuoted prices 
in active markets
for identical
assets
(Level 1)		Significant
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets:
Short-term investments (1)$41.3 $6.8 $34.5 $— 
Non-current investments (2)
118.8 7.2 111.6 — 
Derivative contracts (3)0.3 — 0.3 — 
Total$160.4 $14.0 $146.4 $— 
Liabilities:
Derivative contracts (3)$0.6 $— $0.6 $— 
Total$0.6 $— $0.6 $— 
(1) Primarily relates to Mutual Funds (Level 1), and certain equity investments and Certificates of Deposit (Level 2). Included in Other current assets.
(2) Primarily relates to investments in Exchange-Traded Funds (Level 1), and certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to energy derivative contracts. Included in Other assets or Other current liabilities.
The following table presents certain assets which are measured at fair value on a recurring basis as of February 24, 2024 (in millions):
 Fair Value Measurements
TotalQuoted prices 
in active markets
for identical
assets
(Level 1)		Significant
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets:
Short-term investments (1)$23.3 $5.3 $18.0 $— 
Non-current investments (2)
107.3 6.4 100.9 — 
Derivative contracts (3)1.5 — 1.5 — 
Total$132.1 $11.7 $120.4 $— 
Liabilities:
Derivative contracts (3)$0.8 $— $0.8 $— 
Total$0.8 $— $0.8 $— 
(1) Primarily relates to Mutual Funds (Level 1) and Certificates of Deposit (Level 2). Included in Other current assets.
(2) Primarily relates to investments in Exchange-Traded Funds (Level 1), and certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to energy derivative contracts. Included in Other assets and Other current liabilities.
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
 12 Months Ended
Feb. 22, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company's long-term debt and finance lease obligations as of February 22, 2025 and February 24, 2024, net of unamortized debt discounts of $28.6 million and $33.3 million, respectively, and deferred financing costs of $31.6 million and $42.7 million, respectively, consisted of the following (in millions):
February 22,
2025		February 24,
2024
Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%
$6,517.0 $6,506.4 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
484.6 480.1 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
375.9 375.4 
ABL Facility— 200.0 
Other financing obligations14.7 46.3 
Finance lease obligations (see Note 7)
427.9 460.4 
Total debt7,820.1 8,068.6 
Less current maturities(57.6)(285.2)
Long-term portion$7,762.5 $7,783.4 
Schedule of Future Maturities of Long-term Debt
As of February 22, 2025, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2025$0.6 
20262,760.1 
20271,656.6 
202844.0 
20292,477.9 
Thereafter513.2 
Total$7,452.4 
Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
ABL Facility, senior secured and unsecured notes, and debentures$414.8 $446.9 $404.9 
Finance lease obligations38.8 45.5 51.4 
Amortization of deferred financing costs16.3 15.6 16.9 
Other interest income, net(10.1)(15.9)(68.6)
Interest expense, net$459.8 $492.1 $404.6 
v3.25.1
LEASES (Tables)
 12 Months Ended
Feb. 22, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense and Supplemental Cash Flow Information
The components of total lease cost, net consisted of the following (in millions):
ClassificationFiscal
 2024		Fiscal
 2023		Fiscal
 2022
Operating lease cost (1)Cost of sales and Selling and administrative expenses (3)$1,111.5 $1,082.8 $1,062.8 
Finance lease cost
Amortization of lease assetsCost of sales and Selling and administrative expenses (3)45.8 51.7 55.5 
Interest on lease liabilitiesInterest expense, net38.8 45.5 51.4 
Variable lease cost (2)Cost of sales and Selling and administrative expenses (3)465.8 456.3 441.9 
Sublease incomeNet sales and other revenue(76.0)(78.6)(83.3)
Total lease cost, net$1,585.9 $1,557.7 $1,528.3 
(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 for leases (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,070.1 $1,042.0 $1,020.2 
Operating cash flows from finance leases38.8 45.5 51.4 
Financing cash flows from finance leases60.6 69.3 71.6 
Right-of-use assets obtained in exchange for operating lease obligations868.6 773.0 629.5 
Right-of-use assets obtained in exchange for finance lease obligations41.3 22.6 22.8 
Impairment of right-of-use operating lease assets7.0 1.8 — 

The following table presents the weighted average lease term and discount rate for leases:
February 22,
2025		February 24,
2024
Weighted average remaining lease term - operating leases10.2 years10.5 years
Weighted average remaining lease term - finance leases9.7 years8.7 years
Weighted average discount rate - operating leases6.4 %6.4 %
Weighted average discount rate - finance leases9.2 %10.1 %
Schedule of Balance Sheet Information
Balance sheet information related to leases as of February 22, 2025 and February 24, 2024 consisted of the following (in millions):
ClassificationFebruary 22,
2025		February 24,
2024
Assets
OperatingOperating lease right-of-use assets$6,153.4 $5,981.6 
FinanceProperty and equipment, net288.0 300.2 
Total lease assets$6,441.4 $6,281.8 
Liabilities
Current
OperatingCurrent operating lease obligations$705.5 $677.6 
FinanceCurrent maturities of long-term debt and finance lease obligations57.0 68.3 
Long-term
OperatingLong-term operating lease obligations5,657.2 5,493.2 
FinanceLong-term debt and finance lease obligations370.9 392.1 
Total lease liabilities$6,790.6 $6,631.2 
Schedule of Future Minimum Lease Payments For Finance Lease Obligations
Future minimum lease payments for operating and finance lease obligations as of February 22, 2025 consisted of the following (in millions):
Lease Obligations
Fiscal yearOperating LeasesFinance Leases
2025$1,010.6 $81.3 
20261,047.1 78.5 
2027964.3 67.2 
2028881.9 58.9 
2029779.8 50.5 
Thereafter4,194.8 286.7 
Total future minimum obligations 8,878.5 623.1 
Less interest(2,515.8)(195.2)
Present value of net future minimum lease obligations6,362.7 427.9 
Less current portion(705.5)(57.0)
Long-term obligations$5,657.2 $370.9 
Schedule of Future Minimum Lease Payments For Operating Leases
Future minimum lease payments for operating and finance lease obligations as of February 22, 2025 consisted of the following (in millions):
Lease Obligations
Fiscal yearOperating LeasesFinance Leases
2025$1,010.6 $81.3 
20261,047.1 78.5 
2027964.3 67.2 
2028881.9 58.9 
2029779.8 50.5 
Thereafter4,194.8 286.7 
Total future minimum obligations 8,878.5 623.1 
Less interest(2,515.8)(195.2)
Present value of net future minimum lease obligations6,362.7 427.9 
Less current portion(705.5)(57.0)
Long-term obligations$5,657.2 $370.9 
v3.25.1
EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Feb. 22, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-based Compensation Expense Recognized
Equity-based compensation expense recognized in the Consolidated Statements of Operations, net of forfeitures, was as follows (in millions):
Fiscal
2024		Fiscal
2023		Fiscal
2022
RSUs$99.3 $88.3 $104.0 
RSAs0.2 3.2 8.4 
Liability-classified awards6.7 13.0 25.9 
Total equity-based compensation expense $106.2 $104.5 $138.3 
Total related tax benefit$14.7 $19.5 $26.9 
Schedule of RSU and RSA Activity
The following summarizes the activity of RSUs and RSAs during fiscal 2024:
Time-BasedPerformance-Based
Number of shares (in millions)Weighted average grant date fair valueNumber of shares (in millions)Weighted average grant date fair value
Unvested, February 24, 20243.6 $22.61 4.9 $20.98 
Granted3.3 19.83 2.1 20.05 
Performance adjustment (1)— — 0.2 20.04 
Vested(3.2)22.93 (2.7)21.07 
Forfeited or cancelled(0.4)21.24 (0.3)20.14 
Unvested, February 22, 20253.3 $20.18 4.2 $20.45 
(1) Represents additional PBRSUs based on achieved performance for fiscal 2023 relative to the fiscal 2023 performance target. The performance adjustment does not include a reduction of 0.3 million PBRSUs based on achieved performance for fiscal 2024 relative to the fiscal 2024 performance target, although these shares have been estimated and included in the determination of equity-based compensation expense and the calculation of diluted net income per common share for fiscal 2024.
v3.25.1
INCOME TAXES (Tables)
 12 Months Ended
Feb. 22, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The components of income tax expense consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Current
  Federal (1)$228.9 $348.2 $320.5 
  State (2)46.0 56.4 88.1 
  Foreign1.3 1.0 0.5 
Total Current276.2 405.6 409.1 
Deferred
  Federal(11.8)(83.1)(7.6)
  State(92.9)31.7 11.1 
  Foreign(0.4)(61.2)9.4 
Total Deferred(105.1)(112.6)12.9 
Income tax expense$171.1 $293.0 $422.0 
(1) Federal current tax expense is net of $0.3 million, $0.3 million and $0.5 million tax benefit of net operating losses ("NOL") in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.
(2) State current tax expense is net of $1.0 million tax benefit of NOLs in fiscal 2024. There was no tax benefit of NOLs in fiscal 2023 and fiscal 2022.
Schedule of Effective Income Tax Rate Reconciliation
The difference between the actual tax provision and the tax provision computed by applying the statutory federal income tax rate of 21% to Income before income taxes was attributable to the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Income tax expense at federal statutory rate$237.3 $333.7 $406.4 
State income taxes, net of federal benefit50.6 58.5 85.9 
Change in valuation allowance3.2 3.2 0.1 
Unrecognized tax benefits(95.2)(67.3)(41.8)
Tax credits(23.0)(37.1)(26.2)
Other(1.8)2.0 (2.4)
Income tax expense$171.1 $293.0 $422.0 
Schedule of Deferred Tax Assets and Liabilities The Company's deferred tax assets and liabilities consisted of the following (in millions):
February 22,
2025		February 24,
2024
Deferred tax assets:
Compensation and benefits$192.2 $204.3 
Net operating loss63.7 71.2 
Pension & postretirement benefits194.5 215.9 
Self-Insurance312.8 299.8 
Tax credits5.7 8.5 
Lease obligations1,775.3 1,735.1 
Other71.3 104.4 
Gross deferred tax assets2,615.5 2,639.2 
Less: valuation allowance(63.7)(65.6)
Total deferred tax assets2,551.8 2,573.6 
Deferred tax liabilities:
Depreciation and amortization1,302.3 1,359.9 
Inventories401.7 374.9 
Operating lease assets1,587.4 1,543.3 
Other84.5 103.1 
Total deferred tax liabilities3,375.9 3,381.2 
Net deferred tax liability$(824.1)$(807.6)
Noncurrent deferred tax asset$— $— 
Noncurrent deferred tax liability(824.1)(807.6)
Total$(824.1)$(807.6)
Schedule of Valuation Allowance Activity
The valuation allowance activity on deferred tax assets was as follows (in millions):
February 22,
2025		February 24,
2024		February 25,
2023
Beginning balance$65.6 $102.3 $113.6 
Additions charged to income tax expense5.1 6.0 3.1 
Reductions credited to income tax expense(1.9)(2.8)(3.0)
Changes to other comprehensive income or loss and other(5.1)(39.9)(11.4)
Ending balance$63.7 $65.6 $102.3 
Schedule of Unrecognized Tax Benefits
Changes in the Company's unrecognized tax benefits consisted of the following (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Beginning balance$178.8 $216.0 $276.0 
Increase related to tax positions taken in the current year6.4 9.6 5.0 
Increase related to tax positions taken in prior years— — 2.1 
Decrease related to tax position taken in prior years(111.8)(0.9)— 
Decrease related to settlements with taxing authorities(2.1)(5.6)(20.7)
Decrease related to lapse of statute of limitations(13.9)(40.3)(46.4)
Ending balance$57.4 $178.8 $216.0 
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS (Tables)
 12 Months Ended
Feb. 22, 2025
Retirement Benefits [Abstract]  
Schedule of Changes in Retirement Plan's Benefit Obligation and Fair Value of Assets
The following table provides a reconciliation of the changes in the retirement plans' benefit obligation and fair value of assets over the two-year period ended February 22, 2025 and a statement of funded status as of February 22, 2025 and February 24, 2024 (in millions):
PensionOther Post-Retirement Benefits
February 22,
2025		February 24,
2024		February 22,
2025		February 24,
2024
Change in projected benefit obligation:
Beginning balance$1,691.5 $1,697.5 $12.0 $12.4 
Service cost16.7 17.3 — — 
Interest cost83.4 83.6 0.5 0.6 
Actuarial loss16.4 28.6 1.1 0.9 
Benefit payments (including settlements)(166.7)(135.4)(1.5)(1.9)
Plan amendments0.1 (0.1)— — 
Ending balance$1,641.4 $1,691.5 $12.1 $12.0 
Change in fair value of plan assets:
Beginning balance$1,443.7 $1,407.3 $— $— 
Actual return on plan assets116.4 155.4 — — 
Employer contributions89.8 16.4 1.5 1.9 
Benefit payments (including settlements)(166.7)(135.4)(1.5)(1.9)
Ending balance$1,483.2 $1,443.7 $— $— 
Components of net amount recognized in financial position:
Other current liabilities $(4.4)$(13.8)$(2.3)$(2.0)
Other long-term liabilities(153.8)(234.0)(9.8)(10.0)
Funded status$(158.2)$(247.8)$(12.1)$(12.0)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in Accumulated other comprehensive income (loss) consisted of the following (in millions):
PensionOther Post-Retirement
Benefits
February 22,
2025		February 24,
2024		February 22,
2025		February 24,
2024
Net actuarial gain$(116.2)$(108.0)$(9.7)$(11.5)
Prior service cost1.2 1.4 — — 
$(115.0)$(106.6)$(9.7)$(11.5)
Schedule of Accumulated Benefit Obligation in Excess of Plan Assets
Information for the Company's pension plans, all of which have an accumulated benefit obligation in excess of plan assets as of February 22, 2025 and February 24, 2024, is shown below (in millions):
February 22,
2025		February 24,
2024
Projected benefit obligation$1,641.4 $1,691.5 
Accumulated benefit obligation1,637.8 1,688.6 
Fair value of plan assets1,483.2 1,443.7 
Schedule of Components of Net Pension and Post-retirement Expense
The following table provides the components of net pension and post-retirement (income) expense for the retirement plans and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) (in millions):
PensionOther Post-Retirement
Benefits
Fiscal
 2024		Fiscal
 2023		Fiscal 2022Fiscal
 2024		Fiscal
 2023		Fiscal 2022
Components of net (income) expense:
Estimated return on plan assets$(91.1)$(98.5)$(92.9)$— $— $— 
Service cost16.7 17.3 19.9 — — — 
Interest cost83.4 83.6 51.4 0.5 0.6 0.4 
Amortization of prior service cost0.3 0.4 0.3 — — — 
Amortization of net actuarial (gain) loss (3.9)(5.5)0.2 (0.7)(1.1)(0.4)
Loss (income) due to settlement accounting3.5 0.3 (0.6)— — — 
Expense (income), net8.9 (2.4)(21.7)(0.2)(0.5)— 
Changes in plan assets and benefit obligations recognized in Other comprehensive income (loss):   
Net actuarial (gain) loss(8.6)(28.0)(1.1)1.1 0.8 (5.4)
Amortization of net actuarial gain (loss)3.9 5.5 (0.2)0.7 1.1 0.4 
Prior service cost0.1 (0.2)0.5 — — — 
Amortization of prior service cost(0.3)(0.4)(0.3)— — — 
(Loss) income due to settlement accounting(3.5)(0.3)0.6 — — — 
Total recognized in Other comprehensive income (loss)(8.4)(23.4)(0.5)1.8 1.9 (5.0)
Total net expense and changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) $0.5 $(25.8)$(22.2)$1.6 $1.4 $(5.0)
Schedule of Assumptions Used
The weighted average actuarial assumptions used to determine year-end projected benefit obligations for pension plans were as follows:
February 22,
2025		February 24,
2024
Discount rate5.34 %5.31 %
Rate of compensation increase3.20 %3.20 %
Cash balance plan interest crediting rate4.85 %4.25 %

The weighted average actuarial assumptions used to determine net periodic benefit costs for pension plans were as follows: 
February 22,
2025		February 24,
2024		February 25,
2023
Discount rate5.32 %5.17 %3.26 %
Expected return on plan assets6.67 %7.40 %5.97 %
Cash balance plan interest crediting rate4.25 %3.65 %2.35 %
Schedule of Allocation of Plan Assets
The following table summarizes actual allocations for the Safeway Plan which had $1,220.5 million in plan assets as of February 22, 2025: 
Plan Assets
Asset categoryTarget (1)February 22,
2025		February 24,
2024
Return-seeking62%63.4 %76.8 %
Liability-hedging38%36.6 %23.2 %
Total
100%100.0 %100.0 %
(1) In accordance with the Safeway Plan investment policy, the target asset allocation was adjusted in fiscal 2024 based on the funded ratio of the Safeway Plan.

The following table summarizes the actual allocations for the Shaw's Plan which had $223.3 million in plan assets as of February 22, 2025:    
Plan Assets
Asset categoryTarget (1)February 22,
2025		February 24,
2024
Return-seeking59%58.9 %63.9 %
Liability-hedging41%41.1 %36.1 %
Total
100%100.0 %100.0 %
(1) In accordance with the Shaw's Plan investment policy, the target asset allocation was adjusted in fiscal 2024 based on the funded ratio of the Shaw's Plan.

The following table summarizes the actual allocations for the Safeway VAPP which had $32.2 million in plan assets as of February 22, 2025:
Plan Assets
Asset categoryTargetFebruary 22,
2025		February 24,
2024
Equity15%18.1 %13.9 %
Fixed income60%60.9 %58.9 %
Other (1)25%18.5 %23.5 %
Cash—%2.5 %3.7 %
Total100%100.0 %100.0 %
(1) Includes real estate, global tactical asset allocation, private equity investments and money market funds.
The fair value of the Company's pension plan assets as of February 22, 2025 by asset category are as follows (in millions): 
 Fair Value Measurements
Asset categoryTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Observable Inputs
(Level 2)(1)		Significant Unobservable Inputs
(Level 3)		Assets Measured at NAV (1)
Cash and cash equivalents (2)$1.9 $1.9 $— $— $— 
Short-term investment collective trust (3)53.2 — — — 53.2 
Mutual funds (4)6.7 6.7 — — — 
Public equity funds (5)490.2 — 490.2 — — 
Return-seeking fixed income funds (6)172.2 — 15.5 — 156.7 
Debt funds (7)499.1 — 499.1 — — 
Hedge funds (8)82.4 — — — 82.4 
Real estate funds (9)168.9 — 46.9 — 122.0 
Other securities (10)8.6 — 8.6 — — 
Total$1,483.2 $8.6 $1,060.3 $— $414.3 
(1) Certain of the Company's pension assets are invested in common collective trusts managed and valued by the fund administrator. The fair value of the funds is based on the Net Asset Value ("NAV") of the underlying investments owned by the fund minus its liabilities. Certain of these funds are classified outside of the fair value hierarchy because fair value for those funds is measured using the NAV practical expedient. These specific funds have been determined not to have a readily determinable fair value and the NAV is not the basis for current transactions, as the NAV is only published monthly or quarterly for these funds, and the Company can only redeem these investments monthly or quarterly. The remaining common collective trusts have a daily published NAV, and the Company can redeem those investments daily, therefore these funds are classified within the fair value hierarchy as the Company has determined the funds have a readily determinable fair value that is the basis for current transactions.
(2) The carrying value of these items approximates fair value.
(3) Invested in a fund comprised of high-grade, short term money market instruments. There are no unfunded commitments or redemption restrictions for these funds.
(4) Invested in mutual funds that are registered with the SEC which are valued using the NAV. The NAV of the mutual funds is a published price in an active market. There are no unfunded commitments, or redemption restrictions for these funds, and the funds are required to transact at the published price.
(5) Invested in funds comprised of U.S. and international equity.
(6) Invested in funds comprised of high yield, emerging market debt, leveraged loans and real estate debt.
(7) Invested in funds comprised of intermediate and long duration corporate and private bonds and U.S. government securities.
(8) Invested in hedge funds comprised of a combination of equity, fixed income, private assets and derivatives.
(9) Invested in a fund comprised of underlying real estate properties as well as a fund comprised of underlying real estate investment trusts.
(10) These investments primarily consist of foreign government bonds valued based on yields currently available on comparable securities of issuers with similar credit ratings.
The fair value of the Company's pension plan assets as of February 24, 2024, excluding pending transactions of $47.8 million payable to an intermediary agent, by asset category are as follows (in millions): 
 Fair Value Measurements
Asset categoryTotalQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Assets Measured at NAV
Cash and cash equivalents (1)$5.7 $5.2 $0.5 $— $— 
Short-term investment collective trust (2)34.3 — — — 34.3 
Common and preferred stock: (3)
Domestic common and preferred stock164.8 164.8 — — — 
International common stock57.7 57.7 — — — 
Collective trust funds (2)636.5 — — — 636.5 
Corporate bonds (4)84.0 — 84.0 — — 
Mortgage- and other asset-backed securities (5)22.3 — 22.3 — — 
Mutual funds (6)166.2 138.8 27.4 — — 
U.S. government securities (7)250.2 — 250.2 — — 
Other securities (8)69.8 — 19.3 — 50.5 
Total$1,491.5 $366.5 $403.7 $— $721.3 
(1) The carrying value of these items approximates fair value.
(2) These investments are valued based on the NAV of the underlying investments and are provided by the fund issuers. There are no unfunded commitments or redemption restrictions for these funds.
(3) The fair value of common stock is based on the exchange quoted market prices. When quoted prices are not available for identical stock, an industry valuation model is used which maximizes observable inputs.
(4) The fair value of corporate bonds is generally based on yields currently available on comparable securities of the same or similar issuers with similar credit ratings and maturities. When quoted prices are not available for identical or similar bonds, the fair value is based upon an industry valuation model, which maximizes observable inputs.
(5) The fair value of mortgage- and other asset-backed securities is generally based on yields currently available on comparable securities of the same or similar issuers with similar credit ratings and maturities. When quoted prices are not available for comparable securities, the fair value is based upon an industry valuation model which maximizes observable inputs.
(6) These investments are open-ended mutual funds that are registered with the SEC which are valued using the NAV. The NAV of the mutual funds is a published price in an active market. The NAV is determined once a day after the closing of the exchange based upon the underlying assets in the fund, less the fund's liabilities, expressed on a per-share basis. There are no unfunded commitments, or redemption restrictions for these funds, and the funds are required to transact at the published price.
(7) The fair value of U.S. government securities is based on quoted market prices when available. When quoted prices are not available, the fair value of U.S. government securities is based on yields currently available on comparable securities or on an industry valuation model which maximizes observable inputs.
(8) Level 2 Other securities, which consist primarily of U.S. municipal bonds, foreign government bonds and foreign agency securities are valued based on yields currently available on comparable securities of issuers with similar credit ratings. Also included in Other securities is a commingled fund valued based on the NAV of the underlying investments and is provided by the issuer and exchange-traded derivatives that are valued based on quoted prices in an active market for identical derivatives, assets and liabilities. Funds meeting the practical expedient are included in the Assets Measured at NAV column. Exchange-traded derivatives are valued based on quoted prices in an active market for identical derivatives assets and liabilities. Non-exchange-traded derivatives are valued using industry valuation models, which maximize observable inputs, such as interest-rate yield curve data, foreign exchange rates and applicable spot and forward rates.
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service as appropriate, are expected to be paid to plan participants (in millions):
Pension BenefitsOther Benefits
2025$151.0 $2.3 
2026143.0 2.0 
2027143.0 1.8 
2028140.4 1.5 
2029138.7 1.3 
2030 – 2034650.0 4.0 
Schedule of Multiemployer Plans
The following tables contain information about the Company's multiemployer plans. Certain plans have been aggregated in the Other funds line in the following table, as the contributions to each of these plans are not individually material.
EIN - PNPension Protection Act zone status (1)Company's 5% of total plan contributionsFIP/RP status pending/implemented
Pension fund2024202320232022
UFCW-Northern California Employers Joint Pension Trust Fund946313554 - 001RedRedYesYesImplemented
Western Conference of Teamsters Pension Plan916145047 - 001GreenGreenNoNoNo
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (4)951939092 - 001RedRedYesYesImplemented
Sound Retirement Trust (6)916069306 - 001GreenGreenYesYesImplemented
Bakery and Confectionery Union and Industry International Pension Fund526118572 - 001RedRedYesYesImplemented
UFCW Union and Participating Food Industry Employers Tri-State Pension Fund236396097 - 001RedRedYesYesImplemented
Rocky Mountain UFCW Unions & Employers Pension Plan846045986 - 001GreenGreenYesYesNo
UFCW Local 152 Retail Meat Pension Fund (5)236209656 - 001RedRedYesYesImplemented
Desert States Employers & UFCW Unions Pension Plan846277982 - 001GreenGreenYesYesNo
UFCW Int'l Union- Albertsons Variable Annuity Pension Fund (5)853326342 - 001GreenGreenYesYesNo
Retail Food Employers and UFCW Local 711 Pension Trust Fund516031512 - 001RedRedYesYesImplemented
Oregon Retail Employees Pension Trust936074377 - 001RedRedYesYesImplemented
Intermountain Retail Store Employees Pension Trust (7)916187192 - 001RedRedYesYesImplemented
UFCW Local 1245 Labor Management Pension Plan516090661 - 001RedRedYesYesImplemented
Contributions of Company (in millions)
Surcharge imposed (2)
Expiration date of collective bargaining agreementsTotal collective bargaining agreementsMost significant collective bargaining agreement(s)(3)
Pension fund202420232022CountExpiration
UFCW-Northern California Employers Joint Pension Trust Fund$130.8 $132.1 $135.2 No4/12/2025 to 2/26/202684804/12/2025
Western Conference of Teamsters Pension Plan78.2 75.9 73.5 No4/19/2025 to 9/30/202955109/21/2025
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan (4)136.6 138.5 141.8 No3/4/2025 to 3/6/202640383/4/2025
Sound Retirement Trust (6)73.7 70.1 66.6 No4/26/2025 to 8/3/2029145375/3/2025
Bakery and Confectionery Union and Industry International Pension Fund18.6 18.7 18.3 No7/21/2025 to 3/6/2027119429/6/2025
UFCW Union and Participating Food Industry Employers Tri-State Pension Fund10.7 10.7 11.5 No3/29/2025 to 2/1/2028623/29/2025
Rocky Mountain UFCW Unions & Employers Pension Plan16.5 16.9 17.2 No6/14/2025 to 8/29/2026841211/15/2025
UFCW Local 152 Retail Meat Pension Fund (5)11.1 11.2 11.4 No5/2/2028445/2/2028
Desert States Employers & UFCW Unions Pension Plan11.2 11.0 10.8 No6/14/2025 to 3/7/202620183/7/2026
UFCW Int'l Union- Albertsons Variable Annuity Pension Fund (5)9.6 9.6 8.9 No6/14/2025 to 12/16/20272476/14/2025
Retail Food Employers and UFCW Local 711 Pension Trust Fund8.5 8.6 9.0 No3/1/2025 to 12/19/2026743/1/2025
Oregon Retail Employees Pension Trust13.0 12.8 12.1 No3/1/2025 to 3/4/2028125368/14/2027
Intermountain Retail Store Employees Pension Trust (7)7.8 7.9 8.0 No3/1/2025 to 12/13/20255443/1/2025
UFCW Local 1245 Labor Management Pension Plan6.1 6.0 5.7 No11/28/2026 to 4/8/20284311/28/2026
Other funds 15.3 15.5 16.5 
Total Company contributions to U.S. multiemployer pension plans$547.7 $545.5 $546.5 
(1) PPA established three categories (or "zones") of plans: (1) "Green Zone" for healthy; (2) "Yellow Zone" for endangered; and (3) "Red Zone" for critical. These categories are based upon multiple factors, including the funding ratio of the plan assets to plan liabilities.
(2) Under the PPA, a surcharge may be imposed when employers make contributions under a collective bargaining agreement that is not in compliance with a rehabilitation plan. As of February 22, 2025, the collective bargaining agreements under which the Company was making contributions were in compliance with rehabilitation plans adopted by the applicable pension fund.
(3) These columns represent the number of most significant collective bargaining agreements aggregated by common expiration dates for each of the pension funds listed above.
(4) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at March 31, 2024 and March 31, 2023.
(5) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at June 30, 2023 and June 30, 2022.
(6) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at September 30, 2023 and September 30, 2022.
(7) The information for this fund was obtained from the Form 5500 filed for the plan's year-end at August 31, 2023 and August 31, 2022.
v3.25.1
OTHER COMPREHENSIVE INCOME OR LOSS (Tables)
 12 Months Ended
Feb. 22, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Changes in the Accumulated Other Comprehensive Income or Loss Changes in the AOCI balance by component are shown below (in millions):
Fiscal 2024
TotalPension and Post-retirement benefit plan itemsOther
Beginning AOCI balance$88.0 $87.5 $0.5 
Other comprehensive income before reclassifications9.8 7.4 2.4 
Amounts reclassified from Accumulated other comprehensive income (1)(0.8)(0.8)— 
Tax expense (2.3)(1.7)(0.6)
Current-period other comprehensive income, net6.7 4.9 1.8 
Ending AOCI balance$94.7 $92.4 $2.3 

Fiscal 2023
TotalPension and Post-retirement benefit plan itemsOther
Beginning AOCI balance$69.3 $71.7 $(2.4)
Other comprehensive income before reclassifications31.2 27.3 3.9 
Amounts reclassified from Accumulated other comprehensive income (1)(5.9)(5.9)— 
Tax expense(6.6)(5.6)(1.0)
Current-period other comprehensive income, net18.7 15.8 2.9 
Ending AOCI balance$88.0 $87.5 $0.5 
(1) These amounts are included in the computation of net pension and post-retirement (income) expense. For additional information, see Note 11 - Employee benefit plans and collective bargaining agreements.
v3.25.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
Feb. 22, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents segment information for Net sales and other revenue, significant segment expenses and Retail segment EBITDA (in millions):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Retail segment sales$79,633.2 $78,494.4 $76,773.7 
Other revenue (1)757.7 743.3 876.0 
Net sales and other revenue$80,390.9 $79,237.7 $77,649.7 
Retail segment expenses:
Merchandise costs, including advertising, distribution and freight56,674.1 55,807.2 54,250.1 
Employee costs (2)11,734.9 11,411.5 11,222.0 
Other segment expenses (3)6,668.5 6,482.8 6,168.9 
Retail segment EBITDA$4,555.7 $4,792.9 $5,132.7 
Reconciliation to Income before income taxes:
Corporate adjusted EBITDA (4)(551.0)(475.2)(455.7)
Depreciation and amortization(1,817.9)(1,779.0)(1,807.1)
Interest expense, net(459.8)(492.1)(404.6)
(Loss) gain on interest rate swaps and energy hedges, net(0.9)3.2 8.4 
Business transformation (5)(105.2)(45.1)(78.3)
Equity-based compensation expense(106.2)(104.5)(138.3)
(Loss) gain on property dispositions and impairment losses, net(95.8)(43.9)147.5 
LIFO expense(28.6)(52.0)(268.0)
Government-mandated incremental COVID-19 pandemic related pay (6)— — (10.8)
Merger-related costs (7)(254.8)(180.6)(56.5)
Certain legal and regulatory accruals and settlements, net(6.1)6.7 (100.7)
Combined Plan (8)— — 19.0 
Miscellaneous adjustments (9)0.3 (41.4)(52.1)
Income before income taxes$1,129.7 $1,589.0 $1,935.5 
(1)    Primarily includes wholesale sales to third parties and other miscellaneous revenue not included in Retail segment sales.
(2)    Includes wages, salaries, benefits, insurance and other employee-related costs.
(3)    Other segment expenses primarily includes rent and occupancy costs, debit and credit card fees, supplies, divisional support costs and allocated corporate costs.
(4) Corporate adjusted EBITDA includes bonus compensation, unallocated corporate costs and contribution from the Company's wholesale and other sales.
(5) Includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and employee termination costs related to the Company's reduction in workforce during the fourth quarter of fiscal 2024.
(6) Represents incremental COVID-19 related pay legislatively required in certain municipalities in which the Company operates.
(7) Primarily relates to third-party legal and advisor fees and retention program expense related to the Merger and costs in connection with the Company's previously-announced Board-led review of potential strategic alternatives.
(8) Related to the Combined Plan during the second quarter of fiscal 2022. For additional information, see Note 11 - Employee benefit plans and collective bargaining agreements.
(9) Primarily includes net realized and unrealized gains and losses related to non-operating investments, lease adjustments related to non-cash rent expense and costs incurred on leased surplus properties, pension settlement loss, adjustments for unconsolidated equity investments and other costs not allocated to the segment.
v3.25.1
NET INCOME PER COMMON SHARE (Tables)
 12 Months Ended
Feb. 22, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share
The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data):
Fiscal
 2024		Fiscal
 2023		Fiscal
 2022
Basic net income per Class A common share
Net income$958.6 $1,296.0 $1,513.5 
Special Dividend on Convertible Preferred Stock— — (252.2)
Accrued dividends on Convertible Preferred Stock— (0.3)(51.0)
Earnings allocated to Convertible Preferred Stock— (0.7)— 
Net income allocated to Class A common stockholders - Basic$958.6 $1,295.0 $1,210.3 
Weighted average Class A common shares outstanding - Basic (1)580.1 575.4 529.0 
Basic net income per Class A common share$1.65 $2.25 $2.29 
 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic$958.6 $1,295.0 $1,210.3 
Accrued dividends on Convertible Preferred Stock— — — 
Earnings allocated to Convertible Preferred Stock— — — 
Net income allocated to Class A common stockholders - Diluted$958.6 $1,295.0 $1,210.3 
Weighted average Class A common shares outstanding - Basic (1)580.1 575.4 529.0 
Dilutive effect of:
Restricted stock units and awards3.7 5.7 5.0 
Convertible Preferred Stock (2)— — — 
Weighted average Class A common shares outstanding - Diluted (3)583.8 581.1 534.0 
Diluted net income per Class A common share$1.64 $2.23 $2.27 
(1) Fiscal 2024, fiscal 2023 and fiscal 2022 include 2.3 million, 3.0 million and 2.8 million Class A common shares remaining to be issued, respectively.
(2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding. For fiscal 2023 and fiscal 2022, 0.3 million and 42.7 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive, respectively.
(3) The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for fiscal 2024, fiscal 2023 and fiscal 2022 were not material.
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Description of Business (Details)
Feb. 22, 2025
facility
store
Property, Plant and Equipment [Line Items]  
Number of retail food and drug stores | store 2,270
Fuel centers  
Property, Plant and Equipment [Line Items]  
Number of facilities 405
Distribution centers  
Property, Plant and Equipment [Line Items]  
Number of facilities 22
Manufacturing facilities  
Property, Plant and Equipment [Line Items]  
Number of facilities 19
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Cash and cash equivalents related to credit and debit card $ 570.8 $ 558.9
Restricted cash $ 4.3 $ 4.5
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Inventories (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Percentage of LIFO inventory 86.20% 85.50%  
Inventory, LIFO reserve $ 666.0 $ 637.4  
Decrease in cost of sales $ 0.9 $ 19.0 $ 0.5
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment, Intangible Assets and Cloud Computing Arrangements (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Property, Plant and Equipment [Line Items]      
Capitalized implementation costs $ 246.9 $ 275.9  
Amortization expense for implementation costs 80.7 80.5 $ 64.9
Impairment and disposal losses $ 0.0 $ 23.4 $ 0.0
Minimum      
Property, Plant and Equipment [Line Items]      
Estimated economic life (in years) 3 years    
Maximum      
Property, Plant and Equipment [Line Items]      
Estimated economic life (in years) 40 years    
Buildings | Minimum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 7 years    
Buildings | Maximum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 40 years    
Leasehold improvements | Minimum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 10 years    
Leasehold improvements | Maximum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 20 years    
Fixtures and equipment | Minimum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 3 years    
Fixtures and equipment | Maximum      
Property, Plant and Equipment [Line Items]      
Useful life of property and equipment (in years) 20 years    
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Leases (Details)
Feb. 22, 2025
Minimum  
Lessee, Lease, Description [Line Items]  
Operating lease period 15 years
Maximum  
Lessee, Lease, Description [Line Items]  
Operating lease period 20 years
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investments (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Schedule of Equity Method Investments [Line Items]      
Equity method investments $ 82.3 $ 78.2  
Equity in earnings (loss) from unconsolidated affiliates 4.1 (8.7) $ 11.8
Net realized and unrealized gains 34.9    
Net realized and unrealized losses   1.3 $ 11.5
Other Current Assets      
Schedule of Equity Method Investments [Line Items]      
Other investments 26.0 39.4  
Other Assets      
Schedule of Equity Method Investments [Line Items]      
Other investments 50.8    
Mexico Foods Parent LLC and La Fabrica Parent LLC      
Schedule of Equity Method Investments [Line Items]      
Equity in earnings (loss) from unconsolidated affiliates   $ 10.5  
Proceeds from sale of equity method investments $ 166.1    
Mexico Foods Parent LLC and La Fabrica Parent LLC      
Schedule of Equity Method Investments [Line Items]      
Ownership interest percentage 45.00%    
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company-Owned Life Insurance and Self-Insurance Liabilities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Schedule of Self Insurance Liability [Line Items]    
Cash surrender value of life insurance $ 138,100 $ 136,200
Balance of company-owned life insurance 83,100 82,300
Minimum    
Schedule of Self Insurance Liability [Line Items]    
Stop-loss threshold amount for self-insurance 250  
Maximum    
Schedule of Self Insurance Liability [Line Items]    
Stop-loss threshold amount for self-insurance 10,000  
Receivables, Net, Current    
Schedule of Self Insurance Liability [Line Items]    
Reinsurance receivables 19,100 21,200
Other Assets    
Schedule of Self Insurance Liability [Line Items]    
Reinsurance receivables $ 38,200 $ 53,500
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Self-Insurance Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Movement in Present Value of Future Insurance Profits [Roll Forward]    
Beginning balance $ 1,267.6 $ 1,234.1
Expense, net of actuarial adjustments 402.5 373.0
Claim payments (374.0) (339.5)
Ending balance 1,296.1 1,267.6
Less current portion (374.0) (367.7)
Long-term portion $ 922.1 $ 899.9
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Equity-Based Compensation (Details)
 12 Months Ended
Feb. 22, 2025
Minimum  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Requisite service period of the award (in years) 1 year
Maximum  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Requisite service period of the award (in years) 3 years
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition and Costs of Sales and Vendor Allowances (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Deferred Revenue Arrangement [Line Items]      
Receivables, net $ 834.8 $ 724.4  
Contract liability 119.9 111.4  
Reduction of inventory for Vendor Allowances 71.7 66.6  
Advertising costs 530.0 535.7 $ 498.2
Cooperative advertising allowances 62.3 67.0 $ 63.9
Pharmacy      
Deferred Revenue Arrangement [Line Items]      
Receivables, net $ 464.1 $ 376.1  
v3.25.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Sales Revenue by Product Type (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Concentration Risk [Line Items]      
Net sales and other revenue $ 80,390.9 $ 79,237.7 $ 77,649.7
Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 100.00% 100.00% 100.00%
Non-perishables      
Concentration Risk [Line Items]      
Net sales and other revenue $ 40,102.8 $ 39,977.3 $ 39,142.4
Non-perishables | Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 49.90% 50.50% 50.40%
Fresh      
Concentration Risk [Line Items]      
Net sales and other revenue $ 25,507.3 $ 25,442.7 $ 25,585.4
Fresh | Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 31.70% 32.10% 32.90%
Pharmacy      
Concentration Risk [Line Items]      
Net sales and other revenue $ 9,597.2 $ 8,240.0 $ 6,769.3
Pharmacy | Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 11.90% 10.40% 8.70%
Fuel      
Concentration Risk [Line Items]      
Net sales and other revenue $ 3,980.6 $ 4,396.7 $ 4,857.6
Fuel | Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 5.00% 5.50% 6.30%
Other      
Concentration Risk [Line Items]      
Net sales and other revenue $ 1,203.0 $ 1,181.0 $ 1,295.0
Other | Sales Revenue, Product Line | Product Concentration Risk      
Concentration Risk [Line Items]      
Percentage of total net sales and other revenue 1.50% 1.50% 1.70%
v3.25.1
TERMINATION OF THE MERGER AGREEMENT - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 4 Months Ended
Jan. 20, 2023
Oct. 13, 2022
Feb. 24, 2024
Jun. 15, 2024
Business Acquisition [Line Items]        
Dividends paid (in dollars per share)     $ 0.12 $ 0.15
Merger Agreement        
Business Acquisition [Line Items]        
Business acquisition, share price (in dollars per share)   $ 34.10    
Termination fee   $ 600    
Merger Agreement | Class A common stock        
Business Acquisition [Line Items]        
Dividends paid (in dollars per share) $ 6.85 $ 6.85    
Adjusted expected share price (in dollars per share)   $ 27.25    
v3.25.1
PROPERTY AND EQUIPMENT - Schedule of Property and Equipment (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Property, Plant and Equipment [Line Items]    
Total property and equipment $ 21,125.2 $ 20,519.4
Accumulated depreciation and amortization (11,314.2) (10,949.1)
Total property and equipment, net 9,811.0 9,570.3
Land    
Property, Plant and Equipment [Line Items]    
Total property and equipment 2,094.6 2,118.9
Buildings    
Property, Plant and Equipment [Line Items]    
Total property and equipment 5,787.7 5,537.7
Property under construction    
Property, Plant and Equipment [Line Items]    
Total property and equipment 815.9 692.4
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Total property and equipment 2,861.1 2,699.0
Fixtures and equipment    
Property, Plant and Equipment [Line Items]    
Total property and equipment 8,948.0 8,792.1
Property and equipment under finance leases    
Property, Plant and Equipment [Line Items]    
Total property and equipment $ 617.9 $ 679.3
v3.25.1
PROPERTY AND EQUIPMENT - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 22, 2025
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Property, Plant and Equipment [Line Items]        
Depreciation expense   $ 1,353.7 $ 1,334.1 $ 1,433.1
Amortization of lease assets   45.8 51.7 55.5
Asset impairment charges   $ 83.6 0.9 5.1
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]   (Loss) gain on property dispositions and impairment losses, net    
Asset impairment charges, excluding goodwill impairment   $ 104.2 $ 42.6 $ 5.1
Retail Stores        
Property, Plant and Equipment [Line Items]        
Asset impairment charges, excluding goodwill impairment $ 34.4 53.9    
Micro Fulfillment Centers        
Property, Plant and Equipment [Line Items]        
Asset impairment charges, excluding goodwill impairment   $ 29.7    
v3.25.1
INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 5,310.7 $ 5,202.3
Accumulated amortization (3,077.0) (2,854.0)
Total 2,233.7 2,348.3
Liquor licenses and restricted covenants 84.3 86.2
Total intangible assets, gross 5,395.0 5,288.5
Total intangible assets, net $ 2,318.0 2,434.5
Minimum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 3 years  
Maximum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 40 years  
Trade names    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 40 years  
Gross carrying amount $ 1,935.8 1,935.8
Accumulated amortization (507.7) (459.1)
Total $ 1,428.1 1,476.7
Customer prescription files    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 5 years  
Gross carrying amount $ 1,441.0 1,430.9
Accumulated amortization (1,400.2) (1,389.1)
Total 40.8 41.8
Internally developed software    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 1,889.2 1,769.5
Accumulated amortization (1,127.5) (944.3)
Total $ 761.7 825.2
Internally developed software | Minimum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 3 years  
Internally developed software | Maximum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 5 years  
Other intangible assets    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 44.7 66.1
Accumulated amortization (41.6) (61.5)
Total $ 3.1 $ 4.6
Other intangible assets | Minimum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 3 years  
Other intangible assets | Maximum    
Finite-Lived Intangible Assets [Line Items]    
Estimated useful lives (Years) 6 years  
v3.25.1
INTANGIBLE ASSETS - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract]      
Amortization of intangible assets $ 337.7 $ 312.7 $ 253.6
Intangible assets impairment and disposal losses $ 13.6 $ 39.9 $ 0.0
v3.25.1
INTANGIBLE ASSETS - Schedule Future Amortization Expense (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Amortization Expected    
2025 $ 348.6  
2026 283.2  
2027 174.5  
2028 89.4  
2029 57.4  
Thereafter 1,280.6  
Total $ 2,233.7 $ 2,348.3
v3.25.1
FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Assets:    
Derivative Asset, Statement of Financial Position [Extensible Enumeration]   Other assets
Liabilities:    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other current liabilities  
Recurring    
Assets:    
Short-term investments $ 41.3 $ 23.3
Non-current investments 118.8 107.3
Derivative contracts 0.3 1.5
Total 160.4 132.1
Liabilities:    
Derivative contracts 0.6 0.8
Total 0.6 0.8
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets:    
Short-term investments 6.8 5.3
Non-current investments 7.2 6.4
Derivative contracts 0.0 0.0
Total 14.0 11.7
Liabilities:    
Derivative contracts 0.0 0.0
Total 0.0 0.0
Recurring | Significant Observable Inputs (Level 2)(1)    
Assets:    
Short-term investments 34.5 18.0
Non-current investments 111.6 100.9
Derivative contracts 0.3 1.5
Total 146.4 120.4
Liabilities:    
Derivative contracts 0.6 0.8
Total 0.6 0.8
Recurring | Significant Unobservable Inputs (Level 3)    
Assets:    
Short-term investments 0.0 0.0
Non-current investments 0.0 0.0
Derivative contracts 0.0 0.0
Total 0.0 0.0
Liabilities:    
Derivative contracts 0.0 0.0
Total $ 0.0 $ 0.0
v3.25.1
FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Asset impairment charges, excluding goodwill impairment $ 104.2 $ 42.6 $ 5.1
Fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Total debt amount 7,312.1 7,457.2  
Carrying value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Total debt amount $ 7,452.4 $ 7,684.2  
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Debt Instrument [Line Items]    
Unamortized debt discounts $ 28.6 $ 33.3
Deferred financing costs 31.6 42.7
Long-term debt 7,452.4  
Finance lease obligations 427.9 460.4
Total debt 7,820.1 8,068.6
Less current maturities (57.6) (285.2)
Long-term portion $ 7,762.5 7,783.4
Minimum | Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%    
Debt Instrument [Line Items]    
Stated interest rate 7.25%  
Maximum | Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%    
Debt Instrument [Line Items]    
Stated interest rate 7.45%  
Senior notes | Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%    
Debt Instrument [Line Items]    
Long-term debt $ 6,517.0 6,506.4
Senior notes | Minimum | Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%    
Debt Instrument [Line Items]    
Stated interest rate 3.25%  
Senior notes | Maximum | Senior Unsecured Notes due 2026 to 2030, interest rate range of 3.25% to 7.50%    
Debt Instrument [Line Items]    
Stated interest rate 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 $ 484.6 480.1
Notes payable | Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%    
Debt Instrument [Line Items]    
Long-term debt 375.9 375.4
Notes payable | ABL Facility    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 200.0
Notes payable | Minimum | New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%    
Debt Instrument [Line Items]    
Stated interest rate 6.52%  
Notes payable | Maximum | New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%    
Debt Instrument [Line Items]    
Stated interest rate 8.70%  
Other notes payable | Other financing obligations    
Debt Instrument [Line Items]    
Long-term debt $ 14.7 $ 46.3
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Schedule of Future Maturities of Long-term Debt (Details)
$ in Millions
Feb. 22, 2025
USD ($)
Debt Disclosure [Abstract]  
2025 $ 0.6
2026 2,760.1
2027 1,656.6
2028 44.0
2029 2,477.9
Thereafter 513.2
Total $ 7,452.4
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Asset-Based Loan Facilities (Details) - USD ($)
 12 Months Ended
Nov. 02, 2022
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Debt Instrument [Line Items]        
Long-term debt   $ 7,452,400,000    
Asset-Based Loan Facility | Line of credit        
Debt Instrument [Line Items]        
Maximum borrowing capacity   $ 4,000,000,000    
Unused capacity, commitment fee percentage   0.25%    
Covenant triggering threshold, percentage of aggregate commitments   10.00%    
Covenant triggering threshold, excess availability amount   $ 250,000,000.0    
Debt covenant, fixed charge coverage ratio   1.0    
Asset-Based Loan Facility | Line of credit | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.25%    
Asset-Based Loan Facility | Line of credit | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.50%    
Asset-Based Loan Facility | Notes payable        
Debt Instrument [Line Items]        
Weighted average interest rate (as percent)   7.10% 6.50%  
LOC Sub-facility | Letter of credit        
Debt Instrument [Line Items]        
Maximum borrowing capacity   $ 1,500,000,000    
Outstanding balance on letters of credit   27,400,000 $ 48,300,000  
ABL Facility | Line of credit        
Debt Instrument [Line Items]        
Repayments of lines of credit   250,000,000 950,000,000 $ 400,000,000
Proceeds from lines of credit $ 1,400,000,000 50,000,000 150,000,000  
ABL Facility | Notes payable        
Debt Instrument [Line Items]        
Long-term debt   $ 0 $ 200,000,000  
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Senior Unsecured Notes (Details) - Senior notes - USD ($)
Mar. 11, 2025
Feb. 13, 2023
Senior Unsecured Notes, Maturity 2033 | Subsequent Event    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 600,000,000.0  
Stated interest rate 6.25%  
Senior Unsecured Notes, Maturity 2026 | Subsequent Event    
Debt Instrument [Line Items]    
Stated interest rate 7.50%  
Repayments of debt with cash on hand $ 5,600,000  
Redemption amount $ 600,000,000.0  
Senior Unsecured Notes, Maturity 2028    
Debt Instrument [Line Items]    
Face amount of debt instrument   $ 750,000,000.0
Stated interest rate   6.50%
Senior Unsecured Notes, Maturity 2023    
Debt Instrument [Line Items]    
Stated interest rate   3.50%
Repayments of debt with cash on hand   $ 7,100,000
Redemption amount   $ 750,000,000.0
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Deferred Financing Costs and Interest Expense, Net (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Line of credit | Asset-Based Loan Facility    
Debt Instrument [Line Items]    
Debt issuance costs, line of credit arrangements, net $ 9.5 $ 14.7
v3.25.1
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS - Schedule of Interest Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Debt Disclosure [Abstract]      
ABL Facility, senior secured and unsecured notes, and debentures $ 414.8 $ 446.9 $ 404.9
Finance lease obligations 38.8 45.5 51.4
Amortization of deferred financing costs 16.3 15.6 16.9
Other interest income, net (10.1) (15.9) (68.6)
Interest expense, net $ 459.8 $ 492.1 $ 404.6
v3.25.1
LEASES - Schedule of Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Leases [Abstract]      
Operating lease cost $ 1,111.5 $ 1,082.8 $ 1,062.8
Finance lease cost      
Amortization of lease assets 45.8 51.7 55.5
Interest on lease liabilities 38.8 45.5 51.4
Variable lease cost 465.8 456.3 441.9
Sublease income (76.0) (78.6) (83.3)
Total lease cost, net $ 1,585.9 $ 1,557.7 $ 1,528.3
v3.25.1
LEASES - Schedule of Balance Sheet Information (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Assets    
Operating lease right-of-use assets $ 6,153.4 $ 5,981.6
Property and equipment, net $ 288.0 $ 300.2
Finance lease, right-of-use asset, statement of financial position [Extensible List] Property and equipment, net Property and equipment, net
Total lease assets $ 6,441.4 $ 6,281.8
Current    
Current operating lease obligations 705.5 677.6
Current maturities of long-term debt and finance lease obligations $ 57.0 $ 68.3
Finance lease, liability, current, statement of financial position [Extensible List] Current maturities of long-term debt and finance lease obligations Current maturities of long-term debt and finance lease obligations
Long-term    
Long-term operating lease obligations $ 5,657.2 $ 5,493.2
Long-term obligations $ 370.9 $ 392.1
Finance lease, liability, noncurrent, statement of financial position [Extensible List] Long-term debt and finance lease obligations Long-term debt and finance lease obligations
Total lease liabilities $ 6,790.6 $ 6,631.2
v3.25.1
LEASES - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 1,070.1 $ 1,042.0 $ 1,020.2
Operating cash flows from finance leases 38.8 45.5 51.4
Financing cash flows from finance leases 60.6 69.3 71.6
Right-of-use assets obtained in exchange for operating lease obligations 868.6 773.0 629.5
Right-of-use assets obtained in exchange for finance lease obligations 41.3 22.6 22.8
Impairment of right-of-use operating lease assets $ 7.0 $ 1.8 $ 0.0
Weighted average remaining lease term - operating leases 10 years 2 months 12 days 10 years 6 months  
Weighted average remaining lease term - finance leases 9 years 8 months 12 days 8 years 8 months 12 days  
Weighted average discount rate - operating leases 6.40% 6.40%  
Weighted average discount rate - finance leases 9.20% 10.10%  
v3.25.1
LEASES - Schedule of Future Minimum Lease Payments to be Made (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Operating Leases    
2025 $ 1,010.6  
2026 1,047.1  
2027 964.3  
2028 881.9  
2029 779.8  
Thereafter 4,194.8  
Total future minimum obligations 8,878.5  
Less interest (2,515.8)  
Present value of net future minimum lease obligations 6,362.7  
Less current portion (705.5) $ (677.6)
Long-term obligations 5,657.2 5,493.2
Finance Leases    
2025 81.3  
2026 78.5  
2027 67.2  
2028 58.9  
2029 50.5  
Thereafter 286.7  
Total future minimum obligations 623.1  
Less interest (195.2)  
Present value of net future minimum lease obligations 427.9 460.4
Less current portion (57.0) (68.3)
Long-term obligations $ 370.9 $ 392.1
v3.25.1
LEASES - Narrative (Details)
$ in Millions
Feb. 22, 2025
USD ($)
Leases [Abstract]  
Future minimum tenant rental income under operating leases $ 278.0
v3.25.1
STOCKHOLDERS' EQUITY AND CONVERTIBLE PREFERRED STOCK (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 4 Months Ended 12 Months Ended
Apr. 15, 2025
$ / shares
Dec. 11, 2024
USD ($)
Jan. 20, 2023
USD ($)
$ / shares
Oct. 13, 2022
$ / shares
Jun. 09, 2020
USD ($)
shares
Jun. 08, 2020
USD ($)
$ / shares
shares
Feb. 24, 2024
$ / shares
shares
Jun. 15, 2024
$ / shares
Feb. 22, 2025
USD ($)
$ / shares
shares
Feb. 24, 2024
USD ($)
$ / shares
shares
Feb. 25, 2023
USD ($)
$ / shares
shares
Jun. 17, 2023
shares
Class of Stock [Line Items]                        
Common stock, shares authorized (in shares)           1,150,000,000            
Common stock, par value (in dollars per share) | $ / shares           $ 0.01            
Common stock shares issued (in shares)                 597,964,926      
Dividends paid on common stock | $                 $ 295,100 $ 276,200 $ 255,100  
Quarterly cash dividend rate   25.00%                    
Dividends paid (in dollars per share) | $ / shares             $ 0.12 $ 0.15        
Dividends declared (in dollars per share) | $ / shares                 $ 0.51 $ 0.48 $ 0.48  
Payments of special dividend | $     $ 3,916,900           $ 0 $ 0 $ 3,916,900  
Preferred stock, shares authorized (in shares)           100,000,000            
Preferred stock, par value (in dollars per share) | $ / shares           $ 0.01            
Proceeds from convertible preferred stock | $         $ 1,680,000              
Liquidation preference, value | $         $ 1,750,000              
Convertible preferred stock outstanding percentage                 100.00%      
Dividends paid on convertible preferred stock | $                 $ 0 $ 800 $ 65,300  
Repurchase amount | $                 $ 82,500      
Subsequent Event                        
Class of Stock [Line Items]                        
Dividends paid (in dollars per share) | $ / shares $ 0.15                      
Class A common stock                        
Class of Stock [Line Items]                        
Common stock, shares authorized (in shares)           1,000,000,000 1,000,000,000   1,000,000,000 1,000,000,000    
Common stock, par value (in dollars per share) | $ / shares             $ 0.01   $ 0.01 $ 0.01    
Common stock shares issued (in shares)             594,445,268   597,964,926 594,445,268    
Common stock, shares outstanding (in shares)             576,047,523   575,441,992 576,047,523    
Common stock voting shares (in shares)           1            
Dividends declared (in dollars per share) | $ / shares                     $ 6.85  
Preferred stock convertible, shares (in shares)                 101,611,902      
Conversion of stock, shares converted (in shares)                   2,903,200 78,339,120  
Share repurchase program, amount (up to) | $   $ 2,000,000                    
Number of shares repurchased (in shares)                 4,118,733      
Repurchase amount | $                 $ 82,500 $ 0 $ 0  
Class A common stock | Merger Agreement                        
Class of Stock [Line Items]                        
Dividends paid (in dollars per share) | $ / shares     $ 6.85 $ 6.85                
Class A-1 convertible common stock                        
Class of Stock [Line Items]                        
Common stock, shares authorized (in shares)           150,000,000 150,000,000   150,000,000 150,000,000    
Common stock, par value (in dollars per share) | $ / shares             $ 0.01   $ 0.01 $ 0.01    
Common stock shares issued (in shares)             0   0 0    
Common stock, shares outstanding (in shares)             0   0 0    
Series A-1 convertible preferred stock                        
Class of Stock [Line Items]                        
Conversion basis per share (in shares)           1            
Preferred stock, shares authorized (in shares)           1,410,000            
Preferred stock, shares issued (in shares)         1,410,000              
Liquidation preference per share (in dollars per share) | $ / shares           $ 17.22            
Shares issued upon conversion (in shares)           58.064            
Temporary equity, shares outstanding (in shares)             0   0 0    
Dividend rate, percentage           6.75%            
Preferred stock participation in cash dividends over dividends to common stock | $           $ 206,250     $ 206,250      
Preferred Class A                        
Class of Stock [Line Items]                        
Preferred stock, shares authorized (in shares)           1,750,000            
Preferred stock, shares issued (in shares)         340,000              
Convertible preferred stock                        
Class of Stock [Line Items]                        
Preferred stock convertible, shares (in shares)             50,000     50,000 1,349,186  
Series A convertible preferred stock                        
Class of Stock [Line Items]                        
Temporary equity, shares outstanding (in shares)             0   0 0   0
v3.25.1
EQUITY-BASED COMPENSATION - Narrative (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Jul. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Available for future awards (in shares) 25.3      
RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Issued (in shares) 5.8      
Number of additional shares granted (in shares) 0.2      
Compensation cost not yet recognized $ 55.7      
Number of units unvested remaining (in shares) 7.5      
Period for recognition of unrecognized compensation cost 1 year 8 months 12 days      
RSAs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Fair value of units during period $ 121.7 $ 119.2 $ 137.9  
Compensation cost not yet recognized $ 0.0      
Phantom Share Units, Time-Based        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) 3.3      
Number of units unvested remaining (in shares) 3.3 3.6    
Performance-Based        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) 2.1      
Number of units unvested remaining (in shares) 4.2 4.9    
Restricted Stock Units (RSU) Deemed Not Granted        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Issued (in shares) 4.1      
Restricted Stock Units (RSU), Performance Based, Deemed Granted        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Issued (in shares) 2.2      
Granted (in shares) 0.8      
Restricted Stock Units (RSU), Time-Based, Deemed Granted        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) 3.3      
Performance-Based, Restricted Stock Units and Restricted Stock Awards, Deemed Granted        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Issued (in shares) 1.3      
Granted (in shares) 5.6      
Fair value of units during period $ 111.6 $ 129.5 $ 120.1  
Performance-Based, Restricted Stock Awards, Deemed Granted        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) 0.0      
President and Chief Executive Officer | RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 3 years      
President and Chief Executive Officer | RSAs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 5 years      
President and Chief Executive Officer | Phantom Share Units PSU, Based on Service Period        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Percentage of award vesting rights 50.00%      
IPO        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Authorized (in shares)       43.6
v3.25.1
EQUITY-BASED COMPENSATION - Schedule of Equity-based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total equity-based compensation expense $ 106.2 $ 104.5 $ 138.3
Total related tax benefit 14.7 19.5 26.9
RSUs      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total equity-based compensation expense 99.3 88.3 104.0
RSAs      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total equity-based compensation expense 0.2 3.2 8.4
Liability-classified awards      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total equity-based compensation expense $ 6.7 $ 13.0 $ 25.9
v3.25.1
EQUITY-BASED COMPENSATION - Schedule of RSU and RSA Activity (Details)
shares in Millions
 12 Months Ended
Feb. 22, 2025
$ / shares
shares
Phantom Share Units, Time-Based  
Phantom units  
Beginning period (in shares) 3.6
Granted (in shares) 3.3
Performance adjustment (in shares) 0.0
Vested (in shares) (3.2)
Forfeited or cancelled (in shares) (0.4)
Period end (in shares) 3.3
Weighted-average grant date fair value  
Beginning period (in dollars per share) | $ / shares $ 22.61
Granted (in dollars per share) | $ / shares 19.83
Performance adjustment (in dollars per share) | $ / shares 0
Vested (in dollars per share) | $ / shares 22.93
Forfeited or cancelled (in dollars per share) | $ / shares 21.24
Period end (in dollars per share) | $ / shares $ 20.18
Phantom Shares Units, Performance-Based  
Phantom units  
Beginning period (in shares) 4.9
Granted (in shares) 2.1
Performance adjustment (in shares) 0.2
Vested (in shares) (2.7)
Forfeited or cancelled (in shares) (0.3)
Period end (in shares) 4.2
Weighted-average grant date fair value  
Beginning period (in dollars per share) | $ / shares $ 20.98
Granted (in dollars per share) | $ / shares 20.05
Performance adjustment (in dollars per share) | $ / shares 20.04
Vested (in dollars per share) | $ / shares 21.07
Forfeited or cancelled (in dollars per share) | $ / shares 20.14
Period end (in dollars per share) | $ / shares $ 20.45
Awards granted based on actual performance (in shares) 0.3
v3.25.1
INCOME TAXES - Schedule of Components of Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Current      
Federal $ 228.9 $ 348.2 $ 320.5
State 46.0 56.4 88.1
Foreign 1.3 1.0 0.5
Total Current 276.2 405.6 409.1
Deferred      
Federal (11.8) (83.1) (7.6)
State (92.9) 31.7 11.1
Foreign (0.4) (61.2) 9.4
Total Deferred (105.1) (112.6) 12.9
Income tax expense 171.1 293.0 422.0
Net Operating Loss      
Current      
Federal 0.3 0.3 0.5
State $ 1.0 $ 0.0 $ 0.0
v3.25.1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Income Tax Disclosure [Abstract]      
Income tax expense at federal statutory rate $ 237.3 $ 333.7 $ 406.4
State income taxes, net of federal benefit 50.6 58.5 85.9
Change in valuation allowance 3.2 3.2 0.1
Unrecognized tax benefits (95.2) (67.3) (41.8)
Tax credits (23.0) (37.1) (26.2)
Other (1.8) 2.0 (2.4)
Income tax expense $ 171.1 $ 293.0 $ 422.0
v3.25.1
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Feb. 26, 2022
Deferred tax assets:        
Compensation and benefits $ 192.2 $ 204.3    
Net operating loss 63.7 71.2    
Pension & postretirement benefits 194.5 215.9    
Self-Insurance 312.8 299.8    
Tax credits 5.7 8.5    
Lease obligations 1,775.3 1,735.1    
Other 71.3 104.4    
Gross deferred tax assets 2,615.5 2,639.2    
Less: valuation allowance (63.7) (65.6) $ (102.3) $ (113.6)
Total deferred tax assets 2,551.8 2,573.6    
Deferred tax liabilities:        
Depreciation and amortization 1,302.3 1,359.9    
Inventories 401.7 374.9    
Operating lease assets 1,587.4 1,543.3    
Other 84.5 103.1    
Total deferred tax liabilities 3,375.9 3,381.2    
Net deferred tax liability (824.1) (807.6)    
Noncurrent deferred tax asset 0.0 0.0    
Total (824.1) (807.6)    
Noncurrent deferred tax liability        
Deferred tax liabilities:        
Noncurrent deferred tax liability $ (824.1) $ (807.6)    
v3.25.1
INCOME TAXES - Summary of Valuation Allowance Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Beginning balance $ 65.6 $ 102.3 $ 113.6
Additions charged to income tax expense 5.1 6.0 3.1
Reductions credited to income tax expense (1.9) (2.8) (3.0)
Changes to other comprehensive income or loss and other (5.1) (39.9) (11.4)
Ending balance $ 63.7 $ 65.6 $ 102.3
v3.25.1
INCOME TAXES - Narrative (Details) - USD ($)
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Feb. 26, 2022
Tax Credit Carryforward [Line Items]        
Valuation allowance for deferred tax assets $ 63,700,000 $ 65,600,000 $ 102,300,000 $ 113,600,000
Tax positions that would reduce effective tax rate if recognized in future periods 22,400,000 118,100,000 151,100,000  
Expenses (benefits) related to interest and penalties (2,700,000) $ (27,200,000) $ 2,400,000  
Possible decrease in uncertain tax position in the next twelve months 10,000,000      
Federal        
Tax Credit Carryforward [Line Items]        
Net operating loss carryforwards 16,100,000      
Amount of tax credit carryforward 0      
Charitable contribution carryforwards 13,100,000      
State        
Tax Credit Carryforward [Line Items]        
Net operating loss carryforwards 1,220,500,000      
Amount of tax credit carryforward $ 5,700,000      
v3.25.1
INCOME TAXES - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Unrecognized Tax Benefits [Roll Forward]      
Beginning balance $ 178.8 $ 216.0 $ 276.0
Increase related to tax positions taken in the current year 6.4 9.6 5.0
Increase related to tax positions taken in prior years 0.0 0.0 2.1
Decrease related to tax position taken in prior years (111.8) (0.9) 0.0
Decrease related to settlements with taxing authorities (2.1) (5.6) (20.7)
Decrease related to lapse of statute of limitations (13.9) (40.3) (46.4)
Ending balance $ 57.4 $ 178.8 $ 216.0
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Changes in Retirement Plan's Benefit Obligation and Fair Value of Plan Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Change in fair value of plan assets:      
Employer contributions $ 91.3 $ 18.3 $ 27.3
Pension      
Change in projected benefit obligation:      
Beginning balance 1,691.5 1,697.5  
Service cost 16.7 17.3 19.9
Interest cost 83.4 83.6 51.4
Actuarial loss 16.4 28.6  
Benefit payments (including settlements) (166.7) (135.4)  
Plan amendments 0.1 (0.1)  
Ending balance 1,641.4 1,691.5 1,697.5
Change in fair value of plan assets:      
Beginning balance 1,443.7 1,407.3  
Actual return on plan assets 116.4 155.4  
Employer contributions 89.8 16.4  
Benefit payments (including settlements) (166.7) (135.4)  
Ending balance 1,483.2 1,443.7 1,407.3
Components of net amount recognized in financial position:      
Other current liabilities (4.4) (13.8)  
Other long-term liabilities (153.8) (234.0)  
Funded status (158.2) (247.8)  
Other Post-Retirement Benefits      
Change in projected benefit obligation:      
Beginning balance 12.0 12.4  
Service cost 0.0 0.0 0.0
Interest cost 0.5 0.6 0.4
Actuarial loss 1.1 0.9  
Benefit payments (including settlements) (1.5) (1.9)  
Plan amendments 0.0 0.0  
Ending balance 12.1 12.0 12.4
Change in fair value of plan assets:      
Beginning balance 0.0 0.0  
Actual return on plan assets 0.0 0.0  
Employer contributions 1.5 1.9  
Benefit payments (including settlements) (1.5) (1.9)  
Ending balance 0.0 0.0 $ 0.0
Components of net amount recognized in financial position:      
Other current liabilities (2.3) (2.0)  
Other long-term liabilities (9.8) (10.0)  
Funded status $ (12.1) $ (12.0)  
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Pension    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Net actuarial gain $ (116.2) $ (108.0)
Prior service cost 1.2 1.4
Defined benefit plan recognized in AOCI (115.0) (106.6)
Other Post-Retirement Benefits    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Net actuarial gain (9.7) (11.5)
Prior service cost 0.0 0.0
Defined benefit plan recognized in AOCI $ (9.7) $ (11.5)
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Retirement Benefits [Abstract]    
Projected benefit obligation $ 1,641.4 $ 1,691.5
Accumulated benefit obligation 1,637.8 1,688.6
Fair value of plan assets $ 1,483.2 $ 1,443.7
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Components of Net Pension and Post-retirement Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Pension      
Components of net (income) expense:      
Estimated return on plan assets $ (91.1) $ (98.5) $ (92.9)
Service cost 16.7 17.3 19.9
Interest cost 83.4 83.6 51.4
Amortization of prior service cost 0.3 0.4 0.3
Amortization of net actuarial (gain) loss (3.9) (5.5) 0.2
Loss (income) due to settlement accounting 3.5 0.3 (0.6)
Expense (income), net 8.9 (2.4) (21.7)
Changes in plan assets and benefit obligations recognized in Other comprehensive income (loss):      
Net actuarial (gain) loss (8.6) (28.0) (1.1)
Amortization of net actuarial gain (loss) 3.9 5.5 (0.2)
Prior service cost 0.1 (0.2) 0.5
Amortization of prior service cost (0.3) (0.4) (0.3)
(Loss) income due to settlement accounting (3.5) (0.3) 0.6
Total recognized in Other comprehensive income (loss) (8.4) (23.4) (0.5)
Total net expense and changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) 0.5 (25.8) (22.2)
Other Post-Retirement Benefits      
Components of net (income) expense:      
Estimated return on plan assets 0.0 0.0 0.0
Service cost 0.0 0.0 0.0
Interest cost 0.5 0.6 0.4
Amortization of prior service cost 0.0 0.0 0.0
Amortization of net actuarial (gain) loss (0.7) (1.1) (0.4)
Loss (income) due to settlement accounting 0.0 0.0 0.0
Expense (income), net (0.2) (0.5) 0.0
Changes in plan assets and benefit obligations recognized in Other comprehensive income (loss):      
Net actuarial (gain) loss 1.1 0.8 (5.4)
Amortization of net actuarial gain (loss) 0.7 1.1 0.4
Prior service cost 0.0 0.0 0.0
Amortization of prior service cost 0.0 0.0 0.0
(Loss) income due to settlement accounting 0.0 0.0 0.0
Total recognized in Other comprehensive income (loss) 1.8 1.9 (5.0)
Total net expense and changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) $ 1.6 $ 1.4 $ (5.0)
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Narrative (Details)
$ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Oct. 13, 2025
Dec. 18, 2022
USD ($)
Aug. 08, 2022
USD ($)
Feb. 28, 2021
USD ($)
Feb. 26, 2022
USD ($)
Feb. 22, 2025
USD ($)
employee
plan
Feb. 24, 2024
USD ($)
Feb. 25, 2023
USD ($)
Defined Benefit Plan Disclosure [Line Items]                
Employer contributions           $ 91.3 $ 18.3 $ 27.3
Expected employer contribution next fiscal year           $ 57.0    
Number of multiemployer plans | plan           27    
Employer discretionary contribution amount in 401(k)           $ 83.5 83.0 89.3
Non-cash pre-tax charge         $ 607.2      
Non-cash charge, net of tax         449.4      
Additional funding     $ 120.0          
Number of company employees | employee           285,000    
Number of participants in collective bargaining agreements | employee           195,000    
Number of participants renegotiated | employee           17,500    
Number of employee scheduled to expire in collective bargaining agreements | employee           120,000    
Accrued retention bonus           $ 33.6 35.0  
Merger Agreement                
Defined Benefit Plan Disclosure [Line Items]                
Aggregate retention program amount   $ 100.0            
Merger Agreement | Last day on year granted                
Defined Benefit Plan Disclosure [Line Items]                
Business combination termination, award vesting rights, percentage   50.00%            
Merger Agreement | Next twelve months | Forecast                
Defined Benefit Plan Disclosure [Line Items]                
Business combination termination, award vesting rights, percentage 50.00%              
Pension                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           1,483.2 1,443.7 1,407.3
Payable to intermediary agent             47.8  
Employer contributions           89.8 16.4  
Pension obligation           1,641.4 1,691.5 1,697.5
Contributions by company           547.7 545.5 546.5
Pension | Safeway Plan                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           1,220.5    
Pension | Shaw's Plan                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           223.3    
Pension | Safeway VAPP                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           32.2    
Other Pension Plan                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           7.2    
Other Post-Retirement Benefits                
Defined Benefit Plan Disclosure [Line Items]                
Fair value of plan assets           0.0 0.0 0.0
Employer contributions           1.5 1.9  
Non-cash pre-tax charge               19.0
Pension obligation           12.1 12.0 12.4
Multiemployer Health and Welfare Plans                
Defined Benefit Plan Disclosure [Line Items]                
Contributions by company           $ 1,300.0 $ 1,300.0 $ 1,300.0
Combined Plan                
Defined Benefit Plan Disclosure [Line Items]                
Required annual contribution       $ 23.2        
Defined contribution plan, term (in years)       25 years        
MAP and FELRA                
Defined Benefit Plan Disclosure [Line Items]                
Required annual contribution         1,200.0      
Defined contribution plan, term (in years)           10 years    
MAP and FELRA | Minimum                
Defined Benefit Plan Disclosure [Line Items]                
Defined contribution plan, term (in years)           25 years    
MAP and FELRA | Maximum                
Defined Benefit Plan Disclosure [Line Items]                
Employer discretionary contribution amount in 401(k)           $ 13.7    
MAP and FELRA | Other Post-Retirement Benefits                
Defined Benefit Plan Disclosure [Line Items]                
Non-cash pre-tax charge         106.3      
Non-cash charge, net of tax         78.7      
Pension obligation         $ 19.0      
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Assumptions Used (Details)
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]      
Discount rate 5.34% 5.31%  
Rate of compensation increase 3.20% 3.20%  
Cash balance plan interest crediting rate 4.85% 4.25%  
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]      
Discount rate 5.32% 5.17% 3.26%
Expected return on plan assets 6.67% 7.40% 5.97%
Cash balance plan interest crediting rate 4.25% 3.65% 2.35%
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Plan Assets Allocation (Details) - Pension
Feb. 22, 2025
Feb. 24, 2024
Safeway Plan    
Defined Benefit Plan Disclosure [Line Items]    
Target 100.00%  
Plan Assets 100.00% 100.00%
Safeway Plan | Return-seeking    
Defined Benefit Plan Disclosure [Line Items]    
Target 62.00%  
Plan Assets 63.40% 76.80%
Safeway Plan | Liability-hedging    
Defined Benefit Plan Disclosure [Line Items]    
Target 38.00%  
Plan Assets 36.60% 23.20%
Shaw's Plan    
Defined Benefit Plan Disclosure [Line Items]    
Target 100.00%  
Plan Assets 100.00% 100.00%
Shaw's Plan | Return-seeking    
Defined Benefit Plan Disclosure [Line Items]    
Target 59.00%  
Plan Assets 58.90% 63.90%
Shaw's Plan | Liability-hedging    
Defined Benefit Plan Disclosure [Line Items]    
Target 41.00%  
Plan Assets 41.10% 36.10%
Safeway VAPP    
Defined Benefit Plan Disclosure [Line Items]    
Target 100.00%  
Plan Assets 100.00% 100.00%
Safeway VAPP | Equity    
Defined Benefit Plan Disclosure [Line Items]    
Target 15.00%  
Plan Assets 18.10% 13.90%
Safeway VAPP | Fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Target 60.00%  
Plan Assets 60.90% 58.90%
Safeway VAPP | Other    
Defined Benefit Plan Disclosure [Line Items]    
Target 25.00%  
Plan Assets 18.50% 23.50%
Safeway VAPP | Cash    
Defined Benefit Plan Disclosure [Line Items]    
Target 0.00%  
Plan Assets 2.50% 3.70%
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Fair Value of Plan Assets (Details) - Pension - USD ($)
$ in Millions
Feb. 22, 2025
Feb. 24, 2024
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 1,483.2 $ 1,491.5
Assets Measured at NAV 414.3 721.3
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 8.6 366.5
Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 1,060.3 403.7
Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Cash and cash equivalents    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 1.9 5.7
Assets Measured at NAV 0.0 0.0
Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 1.9 5.2
Cash and cash equivalents | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.5
Cash and cash equivalents | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Short-term investment collective trust    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 53.2 34.3
Assets Measured at NAV 53.2 34.3
Short-term investment collective trust | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Short-term investment collective trust | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Short-term investment collective trust | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Domestic common and preferred stock    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 6.7 164.8
Assets Measured at NAV 0.0 0.0
Domestic common and preferred stock | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 6.7 164.8
Domestic common and preferred stock | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Domestic common and preferred stock | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
International common stock    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 490.2 57.7
Assets Measured at NAV 0.0 0.0
International common stock | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 57.7
International common stock | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 490.2 0.0
International common stock | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Collective trust funds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 172.2 636.5
Assets Measured at NAV 156.7 636.5
Collective trust funds | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Collective trust funds | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 15.5 0.0
Collective trust funds | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Corporate bonds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 499.1 84.0
Assets Measured at NAV 0.0 0.0
Corporate bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Corporate bonds | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 499.1 84.0
Corporate bonds | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Mortgage and other asset-backed securities    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 82.4 22.3
Assets Measured at NAV 82.4 0.0
Mortgage and other asset-backed securities | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Mortgage and other asset-backed securities | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 22.3
Mortgage and other asset-backed securities | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Mutual funds    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 168.9 166.2
Assets Measured at NAV 122.0 0.0
Mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 138.8
Mutual funds | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 46.9 27.4
Mutual funds | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
U.S. government securities    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets   250.2
Assets Measured at NAV   0.0
U.S. government securities | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets   0.0
U.S. government securities | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets   250.2
U.S. government securities | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets   0.0
Other securities    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 8.6 69.8
Assets Measured at NAV 0.0 50.5
Other securities | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0.0 0.0
Other securities | Significant Observable Inputs (Level 2)(1)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 8.6 19.3
Other securities | Significant Unobservable Inputs (Level 3)    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 0.0 $ 0.0
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Expected Future Benefit Payments (Details)
$ in Millions
Feb. 22, 2025
USD ($)
Pension Benefits  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
2025 $ 151.0
2026 143.0
2027 143.0
2028 140.4
2029 138.7
2030 – 2034 650.0
Other Benefits  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
2025 2.3
2026 2.0
2027 1.8
2028 1.5
2029 1.3
2030 – 2034 $ 4.0
v3.25.1
EMPLOYEE BENEFIT PLANS AND COLLECTIVE BARGAINING AGREEMENTS - Schedule of Multiemployer Plan (Details) - Pension
$ in Millions
 12 Months Ended
Feb. 22, 2025
USD ($)
agreement
Feb. 24, 2024
USD ($)
Feb. 25, 2023
USD ($)
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 547.7 $ 545.5 $ 546.5
UFCW-Northern California Employers Joint Pension Trust Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 130.8 132.1 135.2
Total collective bargaining agreements 84    
Most significant collective bargaining agreement 80    
Western Conference of Teamsters Pension Plan      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 78.2 75.9 73.5
Total collective bargaining agreements 55    
Most significant collective bargaining agreement 10    
Southern California United Food & Commercial Workers Unions and Food Employers Joint Pension Plan      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 136.6 138.5 141.8
Total collective bargaining agreements 40    
Most significant collective bargaining agreement 38    
Sound Retirement Trust      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 73.7 70.1 66.6
Total collective bargaining agreements 145    
Most significant collective bargaining agreement 37    
Bakery and Confectionery Union and Industry International Pension Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 18.6 18.7 18.3
Total collective bargaining agreements 119    
Most significant collective bargaining agreement 42    
UFCW Union and Participating Food Industry Employers Tri-State Pension Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 10.7 10.7 11.5
Total collective bargaining agreements 6    
Most significant collective bargaining agreement 2    
Rocky Mountain UFCW Unions & Employers Pension Plan      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 16.5 16.9 17.2
Total collective bargaining agreements 84    
Most significant collective bargaining agreement 12    
UFCW Local 152 Retail Meat Pension Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 11.1 11.2 11.4
Total collective bargaining agreements 4    
Most significant collective bargaining agreement 4    
Desert States Employers & UFCW Unions Pension Plan      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 11.2 11.0 10.8
Total collective bargaining agreements 20    
Most significant collective bargaining agreement 18    
UFCW Int'l Union- Albertsons Variable Annuity Pension Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 9.6 9.6 8.9
Total collective bargaining agreements 24    
Most significant collective bargaining agreement 7    
Retail Food Employers and UFCW Local 711 Pension Trust Fund      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 8.5 8.6 9.0
Total collective bargaining agreements 7    
Most significant collective bargaining agreement 4    
Oregon Retail Employees Pension Trust      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 13.0 12.8 12.1
Total collective bargaining agreements 125    
Most significant collective bargaining agreement 36    
Intermountain Retail Store Employees Pension Trust      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 7.8 7.9 8.0
Total collective bargaining agreements 54    
Most significant collective bargaining agreement 4    
UFCW Local 1245 Labor Management Pension Plan      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 6.1 6.0 5.7
Total collective bargaining agreements 4    
Most significant collective bargaining agreement 3    
Other funds      
Multiemployer Plans [Line Items]      
Contributions by company | $ $ 15.3 $ 15.5 $ 16.5
v3.25.1
RELATED PARTIES (Details) - Affiliated entity - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Consulting Services Fees | Cerberus Operations and Advisory Company, LLC (COAC)      
Related Party Transaction [Line Items]      
Related party fee $ 0.0 $ 0.1 $ 0.5
Advisory and Implementation Services Fee | Cerberus Technology Solutions (CTS)      
Related Party Transaction [Line Items]      
Related party fee $ 4.0 $ 5.5 $ 5.5
v3.25.1
COMMITMENTS AND CONTINGENCIES AND OFF BALANCE SHEET ARRANGEMENTS - Legal Contingencies (Details)
$ in Millions
 12 Months Ended
Jul. 30, 2024
lawsuit
Sep. 06, 2022
lawsuit
case
claim
Feb. 22, 2025
USD ($)
lawsuit
Feb. 22, 2025
case
Feb. 22, 2025
claim
Aug. 09, 2023
count
Apr. 18, 2023
case
Feb. 25, 2023
USD ($)
Qui Tam Lawsuits | Pending litigation                
Loss Contingencies [Line Items]                
Number of lawsuits filed against the company     2          
Qui Tam Lawsuits | Pending litigation | Minimum                
Loss Contingencies [Line Items]                
Damages sought in a lawsuit | $     $ 100.0          
United States ex rel. Schutte and Yarberry v. SuperValu, New Albertson's, Inc., et al. | Pending litigation                
Loss Contingencies [Line Items]                
Number of lawsuits filed against the company | case             2  
Pharmacy Benefit Manager (PBM) Litigation | Pending litigation                
Loss Contingencies [Line Items]                
Number of lawsuits filed against the company | count           17    
Consolidated cases for multidistrict litigation                
Loss Contingencies [Line Items]                
Number of lawsuits filed against the company   3   2,000 3      
Claims settled | case   15            
Liability for settlements | $               $ 21.5
Consolidated cases for multidistrict litigation | New Mexico Counties                
Loss Contingencies [Line Items]                
Additional claims   14            
Consolidated cases for multidistrict litigation | Threatened litigation                
Loss Contingencies [Line Items]                
Additional claims 150              
Consolidated cases for multidistrict litigation | Threatened litigation | Blackfeet Tribe                
Loss Contingencies [Line Items]                
Number of new claims filed     81          
Consolidated cases for multidistrict litigation | Threatened litigation | Tarrant County (Texas), Town of Hull (Massachusetts) and Monterey County (California)                
Loss Contingencies [Line Items]                
Number of lawsuits filed against the company | claim         2      
v3.25.1
OTHER COMPREHENSIVE INCOME OR LOSS (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 2,747.5 $ 1,610.7 $ 3,024.6
Other comprehensive income before reclassifications 9.8 31.2  
Amounts reclassified from Accumulated other comprehensive income (0.8) (5.9)  
Tax expense (2.3) (6.6)  
Other comprehensive income 6.7 18.7 0.3
Ending balance 3,385.9 2,747.5 1,610.7
Total      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 88.0 69.3 69.0
Ending balance 94.7 88.0 69.3
Pension and Post-retirement benefit plan items      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 87.5 71.7  
Other comprehensive income before reclassifications 7.4 27.3  
Amounts reclassified from Accumulated other comprehensive income (0.8) (5.9)  
Tax expense (1.7) (5.6)  
Other comprehensive income 4.9 15.8  
Ending balance 92.4 87.5 71.7
Other      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 0.5 (2.4)  
Other comprehensive income before reclassifications 2.4 3.9  
Amounts reclassified from Accumulated other comprehensive income 0.0 0.0  
Tax expense (0.6) (1.0)  
Other comprehensive income 1.8 2.9  
Ending balance $ 2.3 $ 0.5 $ (2.4)
v3.25.1
SEGMENT INFORMATION - Narrative (Details)
 12 Months Ended
Feb. 22, 2025
segment
format
Segment Reporting [Abstract]  
Number of reportable segments | segment 1
Number of store formats | format 1
v3.25.1
SEGMENT INFORMATION - Segment Reporting Information, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 26, 2022
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Segment Reporting Information [Line Items]        
Net sales and other revenue   $ 80,390.9 $ 79,237.7 $ 77,649.7
Reconciliation to Income before income taxes:        
Depreciation and amortization   (1,817.9) (1,779.0) (1,807.1)
Interest expense, net   (459.8) (492.1) (404.6)
Equity-based compensation expense   (106.2) (104.5) (138.3)
(Loss) gain on property dispositions and impairment losses, net   (95.8) (43.9) 147.5
LIFO expense   (28.6) (52.0) (268.0)
Combined Plan $ (607.2)      
Income before income taxes   1,129.7 1,589.0 1,935.5
Reportable Segment        
Segment Reporting Information [Line Items]        
Net sales and other revenue   80,390.9 79,237.7 77,649.7
Retail segment expenses:        
Merchandise costs, including advertising, distribution and freight   56,674.1 55,807.2 54,250.1
Employee costs   11,734.9 11,411.5 11,222.0
Other segment expenses   6,668.5 6,482.8 6,168.9
Retail segment EBITDA   4,555.7 4,792.9 5,132.7
Reconciliation to Income before income taxes:        
Corporate adjusted EBITDA   (551.0) (475.2) (455.7)
Depreciation and amortization   (1,817.9) (1,779.0) (1,807.1)
Interest expense, net   (459.8) (492.1) (404.6)
(Loss) gain on interest rate swaps and energy hedges, net   (0.9) 3.2 8.4
Business transformation   (105.2) (45.1) (78.3)
Equity-based compensation expense   (106.2) (104.5) (138.3)
(Loss) gain on property dispositions and impairment losses, net   (95.8) (43.9) 147.5
LIFO expense   (28.6) (52.0) (268.0)
Government-mandated incremental COVID-19 pandemic related pay   0.0 0.0 (10.8)
Merger-related costs   (254.8) (180.6) (56.5)
Certain legal and regulatory accruals and settlements, net   (6.1) 6.7 (100.7)
Combined Plan   0.0 0.0 19.0
Miscellaneous adjustments   0.3 (41.4) (52.1)
Income before income taxes   1,129.7 1,589.0 1,935.5
Reportable Segment | Retail segment sales        
Segment Reporting Information [Line Items]        
Net sales and other revenue   79,633.2 78,494.4 76,773.7
Reportable Segment | Other revenue        
Segment Reporting Information [Line Items]        
Net sales and other revenue   $ 757.7 $ 743.3 $ 876.0
v3.25.1
NET INCOME PER COMMON SHARE - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 17, 2023
Jun. 08, 2020
Feb. 22, 2025
Feb. 24, 2024
Series A-1 convertible preferred stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Preferred stock participation in cash dividends over dividends to common stock   $ 206,250 $ 206,250  
Temporary equity, shares outstanding (in shares)     0 0
Series A convertible preferred stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Convertible temporary equity, outstanding, percentage 100.00%      
Temporary equity, shares outstanding (in shares) 0   0 0
v3.25.1
NET INCOME PER COMMON SHARE - Schedule of Computation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Basic net income per Class A common share      
Net income $ 958.6 $ 1,296.0 $ 1,513.5
Special Dividend on Convertible Preferred Stock 0.0 0.0 (252.2)
Accrued dividends on Convertible Preferred Stock 0.0 (0.3) (51.0)
Earnings allocated to Convertible Preferred Stock 0.0 (0.7) 0.0
Net income allocated to Class A common stockholders - Basic $ 958.6 $ 1,295.0 $ 1,210.3
Weighted average Class A common shares outstanding - Basic (in shares) 580.1 575.4 529.0
Basic net income per Class A common share (in dollars per share) $ 1.65 $ 2.25 $ 2.29
Diluted net income per Class A common share      
Net income allocated to Class A common stockholders - Basic $ 958.6 $ 1,295.0 $ 1,210.3
Accrued dividends on Convertible Preferred Stock 0.0 0.0 0.0
Earnings allocated to Convertible Preferred Stock 0.0 0.0 0.0
Net income allocated to Class A common stockholders - Diluted $ 958.6 $ 1,295.0 $ 1,210.3
Weighted average Class A common shares outstanding - Basic (in shares) 580.1 575.4 529.0
Dilutive effect of:      
Convertible preferred stock (in shares) 0.0 0.0 0.0
Weighted average Class A common shares outstanding - Diluted (in shares) 583.8 581.1 534.0
Diluted net income per Class A common share (in dollars per share) $ 1.64 $ 2.23 $ 2.27
RSUs      
Dilutive effect of:      
Restricted stock units and awards (in shares) 3.7 5.7 5.0
Class A common stock      
Dilutive effect of:      
Restricted stock units and awards (in shares) 2.3 3.0 2.8
Series A-1 convertible preferred stock      
Dilutive effect of:      
Convertible preferred stock (in shares)   0.3 42.7