Financial Instruments

12 Months Ended

Mar. 01, 2014

Financial Instruments

Financial Instruments

22. Financial Instruments

        The carrying amounts and fair values of financial instruments at March 1, 2014 and March 2, 2013 are listed as follows:

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Variable rate indebtedness	$	2,522,293	$	2,524,508	$	2,296,001	$	2,275,694
Fixed rate indebtedness	$	3,127,439	$	3,569,777	$	3,622,351	$	3,912,903

        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.