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Deferred Costs
3 Months Ended
May 31, 2013
Text Block [Abstract]  
Deferred Costs

Note 11 – Deferred Costs

Deferred costs and future payment commitments for retail supply agreements are included in the following financial statement captions:

 

(In thousands)        May 31, 2013           February 28, 2013           May 25, 2012      

Prepaid expenses and other

     $   88,912                 $   93,873                 $   85,622           

Other assets

     328,063                 332,159                 378,091           
  

 

 

    

 

 

    

 

 

 

  Deferred cost assets

     416,975                 426,032                 463,713           

Other current liabilities

     (63,378)                (61,282)                (45,625)          

Other liabilities

     (91,359)                (92,153)                (131,883)          
  

 

 

    

 

 

    

 

 

 

  Deferred cost liabilities

     (154,737)                (153,435)                (177,508)          
  

 

 

    

 

 

    

 

 

 

Net deferred costs

     $ 262,238                 $ 272,597                 $ 286,205           
  

 

 

    

 

 

    

 

 

 

The Corporation maintains an allowance for deferred costs related to supply agreements of $7.2 million, $7.9 million and $9.2 million at May 31, 2013, February 28, 2013 and May 25, 2012, respectively. This allowance is included in “Other assets” on the Consolidated Statement of Financial Position.