Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.2.0.727
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended
May. 31, 2015
May. 31, 2014
Condensed Consolidating Statement of Comprehensive Income    
Sales $ 1,798.0 $ 1,687.1
Less – excise taxes (166.7) (161.1)
Net sales 1,631.3 1,526.0
Cost of product sold (894.2) (855.9)
Gross profit 737.1 670.1
Selling, general and administrative expenses (309.8) (277.9)
Operating income 427.3 392.2
Equity in earnings of equity method investees and subsidiaries 1.0 0.5
Interest income 0.3 0.5
Intercompany interest income 0.0 0.0
Interest expense (77.8) (86.9)
Intercompany interest expense 0.0 0.0
Income before income taxes 350.8 306.3
(Provision for) benefit from income taxes (110.6) (99.6)
Net income 240.2 206.7
Net income attributable to noncontrolling interests (1.6) 0.0
Net income attributable to CBI 238.6 206.7
Comprehensive income attributable to CBI 184.7 254.1
Parent Company [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 558.6 544.5
Less – excise taxes (76.2) (76.3)
Net sales 482.4 468.2
Cost of product sold (390.8) (378.3)
Gross profit 91.6 89.9
Selling, general and administrative expenses (102.8) (92.9)
Operating income (11.2) (3.0)
Equity in earnings of equity method investees and subsidiaries 304.2 505.8
Interest income 0.1 0.0
Intercompany interest income 45.8 44.1
Interest expense (69.3) (71.9)
Intercompany interest expense (63.6) (49.2)
Income before income taxes 206.0 425.8
(Provision for) benefit from income taxes 32.6 (219.1)
Net income 238.6 206.7
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 238.6 206.7
Comprehensive income attributable to CBI 184.7 254.1
Subsidiary Guarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 1,424.9 1,302.3
Less – excise taxes (75.1) (67.6)
Net sales 1,349.8 1,234.7
Cost of product sold (1,003.6) (923.3)
Gross profit 346.2 311.4
Selling, general and administrative expenses (177.2) (148.5)
Operating income 169.0 162.9
Equity in earnings of equity method investees and subsidiaries 2.2 1.5
Interest income 0.0 0.0
Intercompany interest income 63.9 49.3
Interest expense (0.3) (0.3)
Intercompany interest expense (45.9) (44.1)
Income before income taxes 188.9 169.3
(Provision for) benefit from income taxes (73.1) (62.5)
Net income 115.8 106.8
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 115.8 106.8
Comprehensive income attributable to CBI 115.1 108.5
Subsidiary Nonguarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 825.2 814.0
Less – excise taxes (15.4) (17.2)
Net sales 809.8 796.8
Cost of product sold (486.1) (508.7)
Gross profit 323.7 288.1
Selling, general and administrative expenses (33.5) (40.4)
Operating income 290.2 247.7
Equity in earnings of equity method investees and subsidiaries 0.2 0.2
Interest income 0.2 0.5
Intercompany interest income 0.0 0.1
Interest expense (8.2) (14.7)
Intercompany interest expense (0.2) (0.2)
Income before income taxes 282.2 233.6
(Provision for) benefit from income taxes (76.7) 177.4
Net income 205.5 411.0
Net income attributable to noncontrolling interests (1.6) 0.0
Net income attributable to CBI 203.9 411.0
Comprehensive income attributable to CBI 149.6 457.8
Eliminations [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales (1,010.7) (973.7)
Less – excise taxes 0.0 0.0
Net sales (1,010.7) (973.7)
Cost of product sold 986.3 954.4
Gross profit (24.4) (19.3)
Selling, general and administrative expenses 3.7 3.9
Operating income (20.7) (15.4)
Equity in earnings of equity method investees and subsidiaries (305.6) (507.0)
Interest income 0.0 0.0
Intercompany interest income (109.7) (93.5)
Interest expense 0.0 0.0
Intercompany interest expense 109.7 93.5
Income before income taxes (326.3) (522.4)
(Provision for) benefit from income taxes 6.6 4.6
Net income (319.7) (517.8)
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI (319.7) (517.8)
Comprehensive income attributable to CBI $ (264.7) $ (566.3)