Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI

v3.2.0.727
Comprehensive Income Attributable to CBI
 3 Months Ended
May. 31, 2015
Equity [Abstract]  
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI:

Comprehensive income consists of net income, foreign currency translation adjustments, net unrealized gains (losses) on derivative instruments, net unrealized gains (losses) on AFS debt securities and pension/postretirement adjustments. The reconciliation of net income attributable to CBI to comprehensive income attributable to CBI is as follows:
 
Before Tax
Amount
 
Tax (Expense) Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended May 31, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
238.6

Other comprehensive loss:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(50.7
)
 
$
(0.6
)
 
(51.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(50.7
)
 
(0.6
)
 
(51.3
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(10.5
)
 
2.9

 
(7.6
)
Reclassification adjustments
7.6

 
(2.5
)
 
5.1

Net loss recognized in other comprehensive loss
(2.9
)
 
0.4

 
(2.5
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.1
)
 
—

 
(0.1
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive loss
—

 
—

 
—

Other comprehensive loss attributable to CBI
$
(53.7
)
 
$
(0.2
)
 
(53.9
)
Comprehensive income attributable to CBI
 
 
 
 
$
184.7

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense) Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended May 31, 2014
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
206.7

Other comprehensive income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
37.5

 
$
(0.7
)
 
36.8

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
37.5

 
(0.7
)
 
36.8

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
13.6

 
(3.8
)
 
9.8

Reclassification adjustments
1.4

 
(0.8
)
 
0.6

Net gain recognized in other comprehensive income
15.0

 
(4.6
)
 
10.4

Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.3

 
(0.1
)
 
0.2

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
0.3

 
(0.1
)
 
0.2

Other comprehensive income attributable to CBI
$
52.8

 
$
(5.4
)
 
47.4

Comprehensive income attributable to CBI
 
 
 
 
$
254.1



Accumulated other comprehensive loss, net of income tax effect, includes the following components:
 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
Losses on
Derivative Instruments
 
Net
Unrealized
Losses
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Loss
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2015
$
(86.1
)
 
$
(29.1
)
 
$
(2.5
)
 
$
(13.2
)
 
$
(130.9
)
Other comprehensive loss:
 
 
 
 
 
 
 
 
 
Other comprehensive loss before reclassification adjustments
(51.3
)
 
(7.6
)
 
(0.1
)
 
(0.1
)
 
(59.1
)
Amounts reclassified from accumulated other comprehensive loss
—

 
5.1

 
—

 
0.1

 
5.2

Other comprehensive loss
(51.3
)
 
(2.5
)
 
(0.1
)
 
—

 
(53.9
)
Balance, May 31, 2015
$
(137.4
)
 
$
(31.6
)
 
$
(2.6
)
 
$
(13.2
)
 
$
(184.8
)