v3.24.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 892.8 $ 139.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Unrealized net (gain) loss on securities measured at fair value 0.0 71.8
Deferred tax provision (benefit) 25.0 (0.3)
Depreciation 111.6 105.3
Stock-based compensation 17.3 14.5
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings 1.3 220.6
Noncash lease expense 29.1 22.0
Impairment of equity method investments 0.0 123.5
Net gain on conversion and exchange to Exchangeable Shares (83.3) 0.0
Change in operating assets and liabilities, net of effects from purchase and sale of business:    
Accounts receivable (63.4) (31.5)
Inventories (47.3) (57.6)
Prepaid expenses and other current assets (61.4) (17.9)
Accounts payable 62.7 34.2
Deferred revenue 15.6 24.3
Other accrued expenses and liabilities (97.7) (73.2)
Other (111.8) 90.5
Total adjustments (202.3) 526.2
Net cash provided by (used in) operating activities 690.5 665.4
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant, and equipment (375.3) (277.0)
Investments in equity method investees and securities (13.0) (21.6)
Proceeds from sale of assets 12.9 0.0
Proceeds from sale of business 0.0 6.7
Other investing activities (2.0) 0.0
Net cash provided by (used in) investing activities (377.4) (291.9)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0.0 744.8
Principal payments of long-term debt (552.2) (502.5)
Net proceeds from (repayments of) short-term borrowings 551.8 (346.3)
Dividends paid (185.3) (164.1)
Purchases of treasury stock (200.0) (35.0)
Proceeds from shares issued under equity compensation plans 24.7 15.9
Payments of minimum tax withholdings on stock-based payment awards (13.8) (11.2)
Payments of debt issuance, debt extinguishment, and other financing costs 0.0 (5.0)
Distributions to noncontrolling interests (17.5) (11.3)
Payment of contingent consideration (0.7) 0.0
Net cash provided by (used in) financing activities (393.0) (314.7)
Effect of exchange rate changes on cash and cash equivalents 1.3 0.2
Net increase (decrease) in cash and cash equivalents (78.6) 59.0
Cash and cash equivalents, beginning of period 152.4 133.5
Cash and cash equivalents, end of period 73.8 192.5
Supplemental disclosures of noncash investing and financing activities    
Additions to property, plant, and equipment $ 195.2 $ 142.2

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