Albertsons 2008 Annual Report Download - page 41

The Company makes long-term loans to certain Supply chain customers and as such, holds notes receivable in
the normal course of business. The notes generally bear fixed interest rates negotiated with each retail customer.
The market value of the fixed interest rate notes is subject to change due to fluctuations in market interest rates.
The table below provides information about the Company’s financial instruments that are sensitive to changes in
interest rates, including notes receivable and debt obligations. For debt obligations, the table presents principal
cash flows and related weighted average interest rates by maturity dates, excluding debt discounts or premiums
related to the purchase accounting fair value adjustments. For notes receivable, the table presents the expected
collection of principal cash flows and weighted average interest rates by expected maturity dates.
Summary of Financial Instruments
February 23, 2008 Aggregate payments by fiscal year
Fair
Value Total 2009 2010 2011 2012 2013 Thereafter
(in millions, except rates)
Notes receivable
Principal receivable $ 48 $ 48 $ 21$6$5$3$ 10 $ 3
Average rate receivable 5.8% 3.5% 8.0% 9.0% 9.1% 5.3% 7.7%
Debt with variable interest rates
Principal payable $2,206 $2,252 $404 $137 $125 $380 $1,178 $ 28
Average variable rate payable 4.5% 4.4% 4.3% 4.5% 5.0% 4.6% 3.8%
Debt with fixed interest rates
Principal payable $5,203 $5,428 $122 $776 $996 $ 11 $ 308 $3,215
Average fixed rate payable 7.5% 6.7% 7.4% 7.7% 8.1% 7.5% 7.6%
Cautionary Statements for Purposes of the Safe Harbor Provisions of the Securities Litigation Reform Act
Any statements contained in this Annual Report on Form 10-K 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 Annual Report on Form 10-K. These factors include the factors discussed in
Part I, Item 1A of this Annual Report on Form 10-K 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.
Economic and Industry Conditions
• Adverse changes in economic conditions that affect consumer spending or buying habits
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