Albertsons 2006 Annual Report Download - page 29

The table below provides information about the company’s financial instruments that are sensitive to
changes in interest rates, including notes receivable, debt obligations and interest rate swap agreements. For debt
obligations, the table presents principal cash flows and related weighted average interest rates by expected
maturity dates. For notes receivable, the table presents the expected collection of principal cash flows and
weighted average interest rates by expected maturity dates. For interest rate swap agreements, the table presents
the estimate of the differential between interest payable and interest receivable under the swap agreements
implied by the yield curve utilized to compute the fair value of the interest rate swaps.
Summary of Financial Instruments
February 25, 2006 Aggregate payments by fiscal year
Fair
Value Total 2007 2008 2009 2010 2011 Thereafter
(in millions, except rates)
Notes receivable
Principal receivable $ 50.9 $ 50.8 $18.0 $12.0 $7.5 $ 4.1 $2.2 $ 7.0
Average Rate receivable 7.5% 6.7% 8.8% 9.2% 9.5% 9.7% 3.8%
Debt with variable interest rates
Principal payable $ 53.9 $ 53.9 $ 3.0 $ 2.4 $7.2 $ 12.4 $0.4 $ 28.5
Average variable rate payable 3.4% 3.8% 3.9% 3.4% 3.4% 6.7% 3.3%
Debt with fixed interest rates
Principal payable $1,029.9 $994.1 $71.6 $ 4.7 $4.9 $353.9 $0.4 $558.6
Average fixed rate payable 6.8% 6.8% 8.1% 8.1% 7.9% 6.8% 6.0%
Fixed-to-variable interest rate swaps
Amount receivable $ 1.1 $ 1.1 $ 0.3 $ 0.3 $0.3 $ 0.2
Average variable rate payable 7.3%
Average fixed rate receivable 7.9%
Cautionary Statements for Purposes of the Safe Harbor Provisions of the Securities Litigation Reform Act
Any statements contained in this report regarding the outlook for our businesses and their respective
markets, such as projections of future performance, statements of our plans and objectives, forecasts of market
trends and other matters, are forward-looking statements based on our assumptions and beliefs. Such statements
may be identified by such words or phrases as “will likely result,” “are expected to,” “will continue,” “outlook,”
“will benefit,” “is anticipated,” “estimate,” “project,” “management believes” or similar expressions. These
forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ
materially from those discussed in such statements and no assurance can be given that the results in any forward-
looking statement will be achieved. For these statements, the company claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Any forward-
looking statement speaks only as of the date on which it is made, and we disclaim any obligation to subsequently
revise any forward-looking statement to reflect events or circumstances after such date or to reflect the
occurrence of anticipated or unanticipated events.
Certain factors could cause our future results to differ materially from those expressed or implied in any
forward-looking statements contained in this report. These factors include the factors discussed in Item 1A of this
report under the heading “Risk Factors,” the factors discussed below and any other cautionary statements, written
or oral, which may be made or referred to in connection with any such forward-looking statements. Since it not
possible to foresee all such factors, these factors should not be considered as complete or exhaustive.
29