Albertsons 2007 Annual Report Download - page 43

T
he table below provides information about the Company’s financial instruments that are sensitive to changes in
i
nterest rates,
i
nc
l
u
di
ng notes rece
i
va
bl
e,
d
e
b
to
bli
gat
i
ons an
di
nterest rate swap agreements. For
d
e
bt
o
bli
g
ations, the table presents principal cash flows and related wei
g
hted avera
g
e interest rates b
y
expected
maturity dates, excluding debt discounts or premiums related to the purchase accounting fair value adjustments
.
For notes rece
i
va
bl
e, t
h
eta
bl
e presents t
h
e expecte
d
co
ll
ect
i
on o
f
pr
i
nc
i
pa
l
cas
hfl
ows an
d
we
i
g
h
te
d
averag
e
interest rates b
y
expected maturit
y
dates. For interest rate swap a
g
reements, the table presents the estimate of th
e
d
ifferential between interest payable and interest receivable under the swap agreements implied by the yiel
d
curve ut
ili
ze
d
to compute t
h
e
f
a
i
rva
l
ue o
f
t
h
e
i
nterest rate swaps
.
S
ummary of Financial Instrument
s
February 24, 200
7
A
ggregate payments by fiscal year
F
ai
r
V
alue
To
t
a
l
2008
2
009
2
0
1
0
20
11
20
12 Th
e
r
eaf
t
e
r
(in millions, exce
p
t rates
)
Notes recei
v
abl
e
P
rincipal receivable
$
55
$
55
$3
0$
9
$
4
$
4
$
2
$
6
A
verage rate receivable 6.2%
5
.1% 7.4% 9.9% 9.8% 9.8% 4.3
%
Debt with variable interest rate
s
P
rincipal pa
y
able $2,843 $2,834 $287 $132 $137 $125 $ 947 $1,206
A
vera
g
e variable rate pa
y
able
6
.9%
6
.1%
6
.7%
6
.
6
%
6
.9% 7.0% 7.0
%
De
b
t
wi
t
hfi
xe
di
nterest rate
s
P
rincipal payable
$
5,625
$
5,564
$
15
$
64
$
774
$
986
$
1
$
3,72
4
A
vera
g
e fixed rate pa
y
able 7.
5
% 6.1% 6.6% 7.4% 7.7% 10.0% 7.4
%
Cautionary
S
tatements for Purposes of the
S
afe Harbor Provisions of the
S
ecurities Litigation Reform Ac
t
An
y
statements contained in this Annual Report on Form 10-K re
g
ardin
g
the outlook for our businesses and their
respect
i
ve mar
k
ets, suc
h
as pro
j
ect
i
ons o
ff
uture per
f
ormance, statements o
f
our p
l
ans an
d
o
bj
ect
i
ves,
f
orecasts o
f
mar
k
et tren
d
san
d
ot
h
er matters, are
f
orwar
d
-
l
oo
ki
n
g
statements
b
ase
d
on our assumpt
i
ons an
db
e
li
e
f
s. Suc
h
statements ma
y
be identified b
y
such words or phrases as “will likel
y
result,” “are expected to,” “will continue,
”
“out
l
oo
k
,” “w
ill b
ene
fi
t,” “
i
s ant
i
c
i
pate
d
,” “est
i
mate,” “pro
j
ect,” “management
b
e
li
eves” or s
i
m
il
ar express
i
ons.
Th
ese
f
orwar
d
-
l
oo
ki
n
g
statements are su
bj
ect to certa
i
nr
i
s
k
san
d
uncerta
i
nt
i
es t
h
at cou
ld
cause actua
l
resu
l
ts t
o
d
iffer materiall
y
from those discussed in such statements and no assurance can be
g
iven that the results in an
y
f
orwar
d
-
l
oo
ki
ng statement w
ill b
eac
hi
eve
d
. For t
h
ese statements, t
h
e Company c
l
a
i
ms t
h
e protect
i
on o
f
t
h
esa
f
e
h
arbor for forward-lookin
g
statements contained in the Private Securities Liti
g
ation Reform Act of 1995. An
y
f
orward-lookin
g
statement speaks onl
y
as of the date on which it is made, and we disclaim an
y
obli
g
ation to
su
b
sequent
l
y rev
i
se any
f
orwar
d
-
l
oo
ki
ng statement to re
fl
ect events or c
i
rcumstances a
f
ter suc
hd
ate or to re
fl
ect
t
h
e occurrence o
f
ant
i
c
i
pate
d
or unant
i
c
i
pate
d
events.
C
ertain factors could cause our future results to differ materiall
y
from those expressed or implied in an
y
forward
-
l
ookin
g
statements contained in this Annual Report on Form 10-K. These factors include the factors discussed i
n
I
tem 1A o
f
t
hi
s Annua
l
Report on Form 10-K un
d
er t
h
e
h
ea
di
ng “R
i
s
k
Factors,” t
h
e
f
actors
di
scusse
db
e
l
ow an
d
a
n
y
other cautionar
y
statements, written or oral, which ma
y
be made or referred to in connection with an
y
suc
h
f
orward-lookin
g
statements. Since it not possible to foresee all such factors, these factors should not be
cons
id
ere
d
as comp
l
ete or ex
h
aust
i
ve
.
E
conomic and Industry Conditions
• Adverse chan
g
es in economic conditions that affect consumer spendin
g
or bu
y
in
g
habits
• Foo
d
an
dd
rug pr
i
ce
i
n
fl
at
i
on or
d
e
fl
at
i
on
3
7