Business Acquisition Business Combination

9 Months Ended

Dec. 03, 2016

Business Acquisition [Abstract]

Business Combination Disclosure [Text Block]

NOTE 2—BUSINESS ACQUISITIONS

The Condensed Consolidated Financial Statements reflect the final purchase accounting allocations of the acquisitions discussed below. Pro forma information for the acquisitions discussed below are not presented since the results of operations of the acquired businesses, both individually and in the aggregate, are not material to the Company’s Condensed Consolidated Financial Statements.

In the third quarter of fiscal 2017, the Company paid $17 to acquire 22 Food Lion stores located in northern West Virginia, western Maryland, south central Pennsylvania and northwestern Virginia. The acquisition included certain store assets, including inventories, property, plant, and equipment, and capital and operating leases. The fair value of assets acquired was $17, including inventories of $8, long-lived assets of $7, favorable operating lease intangibles of $1, and other current assets of $1. The acquired stores were converted to the Company's Shop ‘N Save format that is currently used by some of the Company's Wholesale customers in that region and are now included in the Company's Retail segment.