During fiscal 2014, the SUPERVALU grocery chain paid approximately $151 million on its lease contracts—$ 26 million on capital leases and $125 million on operating leases.
a. How did the operating lease payments affect the income statement, balance sheet, and statement of cash flows?
b. How did the capital lease payments affect the income statement, balance sheet, and statement of cash flows?
c. Discuss whether SUPERVALU is practicing off-balance-sheet financing.