Safeway 2005 Annual Report Download - page 68

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
48
(1) In general, contingent rentals are based on individual store sales.
Note F: Interest Expense
Interest expense consisted of the following (in millions):
2005 2004 2003
Property leases:
Minimum rentals $422.4 $406.9 $411.4
Contingent rentals (1) 10.8 9.4 11.5
Less rentals from subleases (30.2) (28.1) (31.4)
403.0 388.2 391.5
Equipment leases 25.7 24.1 25.2
$428.7 $412.3 $416.7
2005 2004 2003
Commercial paper $ 1.5 $ 7.8 $ 16.4
Bank credit agreement 3.3 4.0 3.5
Other bank borrowings 0.2 0.4 0.4
Mortgage notes payable 2.1 2.4 3.3
9.30% Senior Secured Debentures 2.3 2.3 2.3
3.625% Senior Notes -- 12.3
6.05% Senior Notes -- 18.3
6.85% Senior Notes -9.8 13.7
7.25% Senior Notes -20.3 29.0
2.50% Senior Notes 4.1 5.0 0.9
Floating Rate Senior Notes 4.5 2.9 0.4
3.80% Senior Notes 5.3 8.6 8.6
6.15% Senior Notes 43.1 43.1 43.1
4.80% Senior Notes 23.0 23.0 23.0
7.00% Senior Notes 17.5 17.5 17.5
4.125% Senior Notes 12.4 12.4 2.3
4.45% Senior Notes 1.5 --
6.50% Senior Notes 16.3 16.3 16.3
7.50% Senior Notes 37.5 37.5 37.5
4.95% Senior Notes 24.8 9.7 -
6.50% Senior Notes 32.5 32.5 32.5
5.80% Senior Notes 46.4 46.4 46.4
5.625% Senior Notes 14.1 5.5 -
7.45% Senior Debentures 11.2 11.2 11.2
7.25% Senior Debentures 43.5 43.5 43.5
9.65% Senior Subordinated Debentures -0.2 7.8
9.875% Senior Subordinated Debentures 2.4 2.4 2.4
Other notes payable 1.1 0.7 0.7
Medium-term notes --0.4
Obligations under capital leases 64.8 66.0 63.1
Amortization of deferred finance costs 7.5 7.8 8.0
Interest rate swap agreements (4.3) (8.3) (0.5)
Capitalized interest (16.0) (19.7) (21.9)
$402.6 $411.2 $442.4