Albertsons 2008 Annual Report Download - page 91

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SUPERVALU INC. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Unit consisted of a forward purchase contract and an interest in a senior note. The remaining forward purchase
contracts were settled on May 16, 2007 at which time the Company received approximately $52 of net cash and
issued approximately 1.1 shares.
NOTE 9—LEASES
The Company leases certain retail food stores, food distribution warehouses, office facilities and equipment from
third parties. Many of these leases include renewal options, and to a limited extent, include options to purchase.
Future minimum lease payments to be made by the Company for noncancellable operating leases and capital
leases at February 23, 2008 were as follows:
Lease Obligations
Operating
Leases
Capital
Leases
Fiscal Year
2009 $ 479 $ 168
2010 397 168
2011 363 162
2012 330 156
2013 288 153
Thereafter 2,196 1,670
Total future minimum obligations $4,053 2,477
Less interest (1,095)
Present value of net future minimum obligations 1,382
Less current obligations (64)
Long-term obligations $ 1,318
Total future minimum obligations have not been reduced for future minimum subtenant rentals of $222 under
certain operating subleases.
F-25