XML 59 R38.htm IDEA: XBRL DOCUMENT
v3.21.1

Debt (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2021
Debt Instrument [Line Items] |
Schedule of Debt [Table Text Block] |
(In thousands) |  | As of February 28 or 29
Debt Description (1) | Maturity Date | 2021 |  | 2020
Revolving credit facility (2) | June 2024 | $ | — |  |  | $ | 452,740 |
Term loan (2) | June 2024 | 300,000 |  |  | 300,000 |
3.86% Senior notes | April 2023 | 100,000 |  |  | 100,000 |
4.17% Senior notes | April 2026 | 200,000 |  |  | 200,000 |
4.27% Senior notes | April 2028 | 200,000 |  |  | 200,000 |
Financing obligations | Various dates through February 2059 | 533,578 |  |  | 536,739 |
Non-recourse notes payable | Various dates through November 2027 | 13,764,808 |  |  | 13,613,272 |
Total debt |  | 15,098,386 |  |  | 15,402,751 |
Less: current portion |  | (452,579) |  |  | (433,456) |
Less: unamortized debt issuance costs |  | (25,888) |  |  | (25,240) |
Long-term debt, net |  | $ | 14,619,919 |  |  | $ | 14,944,055 |
(1) Interest is payable monthly, with the exception of our senior notes, which are payable semi-annually. (2) Borrowings accrue interest at variable rates based on LIBOR, the federal funds rate, or the prime rate, depending on the type of borrowing.
Schedule of Maturities of Long-term Debt [Table Text Block] |
(In thousands) | As of February 28, 2021
Fiscal 2022 | $ | 53,129 |
Fiscal 2023 | 53,780 |
Fiscal 2024 | 56,075 |
Fiscal 2025 | 54,747 |
Fiscal 2026 | 57,943 |
Thereafter | 845,920 |
Total payments | 1,121,594 |
Less: interest | (588,016) |
Present value of financing obligations | $ | 533,578 |
Schedule of Funding Vehicles [Table Text Block] |
(in billions) | Capacity
Warehouse facilities: |
August 2021 expiration | $ | 1.40 |
September 2021 expiration | 0.18 |
February 2022 expiration | 2.35 |
Combined warehouse facility limit | $ | 3.93 |
Unused capacity | $ | 1.61 |
Non-recourse notes payable outstanding: |
Warehouse facilities | $ | 2.31 |
Asset-backed term funding transactions | 11.45 |
Non-recourse notes payable | $ | 13.76 |

X
- Definition [Table Text Block] for Schedule of Funding Vehicles [Table] + References No definition available. + Details
Name: | kmx_ScheduleofFundingVehiclesTableTextBlock
Namespace Prefix: | kmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration