v3.26.1
Debt (Tables)
3 Months Ended
May 31, 2026
Debt Disclosure [Abstract]  
Schedule Of Debt
(In thousands)As of May 31As of February 28
Debt Description (1)
Maturity Date20262026
Revolving credit facility (2)
June 2028$893,000 $840,800 
Term loan (2)
November 2030499,309 499,271 
4.17% Senior notesApril 2026 200,000 
4.27% Senior notesApril 2028200,000 200,000 
Financing obligationsVarious dates through February 2059486,325 483,633 
Non-recourse notes payableVarious dates through April 203316,082,391 15,827,609 
Total debt18,161,025 18,051,313 
Less: current portion(571,315)(761,974)
Less: unamortized debt issuance costs(28,734)(28,792)
Long-term debt, net$17,560,976 $17,260,547 

(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 SOFR, the federal funds rate, or the prime rate, depending on the type of borrowing.
Schedule of Funding Vehicles [Table Text Block]
(In billions)Capacity
Warehouse facilities:
September 2026 expiration$2.55 
March 2027 expiration3.10 
May 2027 expiration0.70 
Combined warehouse facility limit$6.35 
Unused capacity$3.24 
Non-recourse notes payable outstanding:
Warehouse facilities$3.11 
Asset-backed term funding transactions12.97 
Non-recourse notes payable$16.08