Albertsons Companies, Inc. Leases Disclosure
| Classification | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 | |||||||||||||||||||||||
| Operating lease cost (1) | Cost of sales and Selling and administrative expenses (3) | $ | 1,167.1 | $ | 1,111.5 | $ | 1,082.8 | |||||||||||||||||||
| Finance lease cost | ||||||||||||||||||||||||||
| Amortization of lease assets | Cost of sales and Selling and administrative expenses (3) | 40.6 | 45.8 | 51.7 | ||||||||||||||||||||||
| Interest on lease liabilities | Interest expense, net | 34.4 | 38.8 | 45.5 | ||||||||||||||||||||||
| Variable lease cost (2) | Cost of sales and Selling and administrative expenses (3) | 483.1 | 465.8 | 456.3 | ||||||||||||||||||||||
| Sublease income | Net sales and other revenue | (72.3) | (76.0) | (78.6) | ||||||||||||||||||||||
| Total lease cost, net | $ | 1,652.9 | $ | 1,585.9 | $ | 1,557.7 | ||||||||||||||||||||
| Classification | February 28, 2026 | February 22, 2025 | ||||||||||||||||||
| Assets | ||||||||||||||||||||
| Operating | Operating lease right-of-use assets | $ | 6,102.4 | $ | 6,153.4 | |||||||||||||||
| Finance | 287.9 | 288.0 | ||||||||||||||||||
| Total lease assets | $ | 6,390.3 | $ | 6,441.4 | ||||||||||||||||
| Liabilities | ||||||||||||||||||||
| Current | ||||||||||||||||||||
| Operating | Current operating lease obligations | $ | 736.7 | $ | 705.5 | |||||||||||||||
| Finance | 48.9 | 57.0 | ||||||||||||||||||
| Long-term | ||||||||||||||||||||
| Operating | Long-term operating lease obligations | 5,613.6 | 5,657.2 | |||||||||||||||||
| Finance | 364.0 | 370.9 | ||||||||||||||||||
| Total lease liabilities | $ | 6,763.2 | $ | 6,790.6 | ||||||||||||||||
| Fiscal 2025 | Fiscal 2024 | Fiscal 2023 | |||||||||||||||
| Cash paid for amounts included in the measurement of lease liabilities: | |||||||||||||||||
| Operating cash flows from operating leases | $ | 1,109.8 | $ | 1,070.1 | $ | 1,042.0 | |||||||||||
| Operating cash flows from finance leases | 34.4 | 38.8 | 45.5 | ||||||||||||||
| Financing cash flows from finance leases | 51.0 | 60.6 | 69.3 | ||||||||||||||
| Right-of-use assets obtained in exchange for operating lease obligations | 689.6 | 868.6 | 773.0 | ||||||||||||||
| Right-of-use assets obtained in exchange for finance lease obligations | 41.6 | 41.3 | 22.6 | ||||||||||||||
| Impairment of right-of-use operating lease assets | 6.3 | 7.0 | 1.8 | ||||||||||||||
| February 28, 2026 | February 22, 2025 | ||||||||||
| Weighted average remaining lease term - operating leases | 9.9 years | 10.2 years | |||||||||
| Weighted average remaining lease term - finance leases | 10.5 years | 9.7 years | |||||||||
| Weighted average discount rate - operating leases | 6.4 | % | 6.4 | % | |||||||
| Weighted average discount rate - finance leases | 8.7 | % | 9.2 | % | |||||||
| Lease Obligations | |||||||||||
| Fiscal year | Operating Leases | Finance Leases | |||||||||
| 2026 | $ | 1,038.5 | $ | 72.8 | |||||||
| 2027 | 1,060.8 | 70.9 | |||||||||
| 2028 | 980.9 | 62.6 | |||||||||
| 2029 | 880.1 | 54.3 | |||||||||
| 2030 | 783.4 | 49.6 | |||||||||
| Thereafter | 4,007.7 | 299.9 | |||||||||
| Total future minimum obligations | 8,751.4 | 610.1 | |||||||||
| Less interest | (2,401.1) | (197.2) | |||||||||
| Present value of net future minimum lease obligations | 6,350.3 | 412.9 | |||||||||
| Less current portion | (736.7) | (48.9) | |||||||||
| Long-term obligations | $ | 5,613.6 | $ | 364.0 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 27, 2026 | Showing above |
| 2025 | Apr 21, 2025 | |
| 2024 | Apr 22, 2024 | |
| 2023 | Apr 25, 2023 | |
| 2022 | Apr 26, 2022 | |
| 2021 | Apr 28, 2021 | |
| 2020 | May 13, 2020 | |
| 2019 | Apr 24, 2019 | |
| 2018 | May 11, 2018 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.