Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.2.0.727
Business Segment Information (Tables)
 3 Months Ended
May. 31, 2015
Segment Reporting [Abstract]  
Comparable adjustments
Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows:
 
For the Three Months
Ended May 31,
 
2015
 
2014
(in millions)
 
 
 
Cost of product sold
 
 
 
Amortization of favorable interim supply agreement
$
(8.9
)
 
$
(7.6
)
Net gain (loss) on undesignated commodity derivative contracts
(5.2
)
 
0.2

Settlements of undesignated commodity derivative contracts
5.5

 
(0.5
)
Total cost of product sold
(8.6
)
 
(7.9
)
 
 
 
 
Selling, general and administrative expenses
 
 
 
Restructuring and related charges
(13.0
)
 
—

Integration and other acquisition-related costs
(5.3
)
 
(4.5
)
Total selling, general and administrative expenses
(18.3
)

(4.5
)
Comparable Adjustments, Operating loss
$
(26.9
)
 
$
(12.4
)
Segment information
Segment information is as follows:
 
For the Three Months
Ended May 31,
 
2015
 
2014
(in millions)
 
 
 
Beer
 
 
 
Net sales
$
965.8

 
$
867.7

Segment operating income
$
336.5

 
$
287.5

Long-lived tangible assets
$
1,570.7

 
$
926.8

Total assets
$
8,416.8

 
$
7,800.8

Capital expenditures
$
111.5

 
$
85.3

Depreciation and amortization
$
14.3

 
$
9.8

 
 
 
 
Wine and Spirits
 
 
 
Net sales:
 
 
 
Wine
$
587.8

 
$
586.4

Spirits
77.7

 
71.9

Net sales
$
665.5

 
$
658.3

Segment operating income
$
144.2

 
$
143.2

Equity in earnings of equity method investees
$
1.0

 
$
0.5

Long-lived tangible assets
$
1,053.6

 
$
1,105.6

Investments in equity method investees
$
73.7

 
$
73.2

Total assets
$
6,425.1

 
$
6,679.5

Capital expenditures
$
16.7

 
$
31.3

Depreciation and amortization
$
24.2

 
$
25.6

 
For the Three Months
Ended May 31,
 
2015
 
2014
(in millions)
 
 
 
Corporate Operations and Other
 
 
 
Segment operating loss
$
(26.5
)
 
$
(26.1
)
Long-lived tangible assets
$
117.8

 
$
124.7

Total assets
$
405.4

 
$
362.1

Capital expenditures
$
1.5

 
$
14.8

Depreciation and amortization
$
7.3

 
$
6.5

 
 
 
 
Comparable Adjustments
 
 
 
Operating loss
$
(26.9
)
 
$
(12.4
)
Depreciation and amortization
$
8.9

 
$
7.6

 
 
 
 
Consolidated
 
 
 
Net sales
$
1,631.3

 
$
1,526.0

Operating income
$
427.3

 
$
392.2

Equity in earnings of equity method investees
$
1.0

 
$
0.5

Long-lived tangible assets
$
2,742.1

 
$
2,157.1

Investments in equity method investees
$
73.7

 
$
73.2

Total assets
$
15,247.3

 
$
14,842.4

Capital expenditures
$
129.7

 
$
131.4

Depreciation and amortization
$
54.7

 
$
49.5