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Net periodic benefit cost reported in the Consolidated Statements of Income includes the following components: 

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The following table sets forth the weighted average assumptions used in developing the benefit obligation as of February 29, 2004, and February 28, 2003: 

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The following table sets forth the weighted average assumptions used in developing the net periodic non-pension postretirement expense for the years ended February 29, 2004, and February 28, 2003: 

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The following table sets forth the assumed health care cost trend rates as of February 29, 2004, and February 28, 2003: 

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Assumed health care trend rates could have a significant effect on the amount reported for health care plans. A one percent change in assumed health care cost trend rates would have the following effects: 

## 15. COMMITMENTS AND CONTINGENCIES: 

## Operating leases – 

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Step rent provisions, escalation clauses, capital improvement funding and other lease concessions, when present in the Company’s leases, are taken into account in computing the minimum lease payments. The minimum lease payments for the Company’s operating leases are recognized on a straight-line basis over the minimum lease term. Future payments under noncance- lable operating leases having initial or remaining terms of one year or more are as follows during the next five fiscal years and there- after: 

