Financial Instruments

12 Months Ended

Feb. 27, 2016

Financial Instruments

Financial Instruments

26. Financial Instruments

        The carrying amounts and fair values of financial instruments at February 27, 2016 and February 28, 2015 are listed as follows:

	2016				2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Variable rate indebtedness	$	3,027,675	$	3,025,500	$	2,642,008	$	2,649,825
Fixed rate indebtedness	$	3,886,808	$	4,210,416	$	2,825,115	$	3,230,801

        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. In addition, the Company has $6,069 of investments, carried at amortized cost as these investments are being held to maturity, which are included as a component of other assets as of February 27, 2016. The Company believes the carrying value of these investments approximates their fair value.

        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.