This excerpt taken from the KR 8-K filed Dec 11, 2007.
Table 5. Reconciliation of Total Debt to Net Total Debt
Net total debt should not be considered an alternative to any GAAP measure of performance or liquidity. Management believes net total debt is an important measure of liquidity, and a primary component of measuring compliance with the financial covenants under the Company's credit facility. Net total debt should be reviewed in conjunction with Kroger's financial results reported in accordance with GAAP.
The following table provides a reconciliation of total debt to net total debt and compares the balance in the third quarter of 2007 to the balances in the third quarter of 2006 and the fourth quarter of 1999.