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Commitments And Guarantees
12 Months Ended
Feb. 23, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Guarantees
COMMITMENTS
We lease certain sales offices, showrooms, warehouses and equipment under non-cancelable operating leases that expire at various dates through 2029. Operating lease agreements generally contain renewal options that may be exercised at our discretion after the completion of the terms. During the normal course of business, we have entered into sale-leaseback arrangements for certain facilities. Accordingly, these leases are accounted for as operating leases, and the related gains from the sale of the properties are recorded as deferred gains and are amortized over the lease term. Total deferred gains are included as a component of Other long-term liabilities on the Consolidated Balance Sheets and amounted to $0.3 as of February 23, 2018 and $1.5 as of February 24, 2017.
Gross rent expense under all non-cancelable operating leases was $53.7, $49.8 and $48.8 for 2018, 2017 and 2016, respectively. Sublease rental income was $4.4, $4.0 and $5.2 for 2018, 2017 and 2016, respectively.
Our estimated future minimum annual rental commitments and sublease rental income under non-cancelable operating leases as of February 23, 2018 are as follows:
Fiscal Year Ending in February
Minimum annual
rental commitments
Minimum annual
sublease rental income
Minimum annual
rental commitments, net
2019
$
48.5

 
$
(3.7
)
 
$
44.8

 
2020
41.4

 
(3.7
)
 
37.7

 
2021
31.1

 
(3.3
)
 
27.8

 
2022
27.2

 
(3.3
)
 
23.9

 
2023
20.1

 
(2.2
)
 
17.9

 
Thereafter
38.8

 
(0.8
)
 
38.0

 
 
$
207.1

 
$
(17.0
)
 
$
190.1