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Financial Instruments
12 Months Ended
Mar. 03, 2012
Financial Instruments  
Financial Instruments

20. Financial Instruments

        The carrying amounts and fair values of financial instruments at March 3, 2012 and February 26, 2011 are listed as follows:

 
  2012   2011  
 
  Carrying
Amount
  Fair
Value
  Carrying
Amount
  Fair
Value
 

Variable rate indebtedness

  $ 1,512,313   $ 1,469,813   $ 1,425,019   $ 1,386,861  

Fixed rate indebtedness

  $ 4,688,904   $ 4,934,587   $ 4,654,548   $ 4,544,974  

        Cash, trade receivables and trade payables are carried at market value, which approximates their fair values due to the short-term maturity of these instruments.

        The following methods and assumptions were used in estimating fair value disclosures for financial instruments:

  • LIBOR-based borrowings under credit facilities:

        The carrying amounts for LIBOR-based borrowings under the credit facilities, term loans and term notes are estimated based on the quoted market price of the financial instruments.

  • Long-term indebtedness:

        The fair values of long-term indebtedness are estimated based on the quoted market prices of the financial instruments. If quoted market prices were not available, the Company estimated the fair value based on the quoted market price of a financial instrument with similar characteristics.