Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.3.1.900
Goodwill
 9 Months Ended
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
GOODWILL:

The changes in the carrying amount of goodwill are as follows:
 
Beer
 
Wine and Spirits
 
Consolidated
(in millions)
 
 
 
 
 
Balance, February 28, 2014
$
3,714.6

 
$
2,432.2

 
$
6,146.8

Purchase accounting allocations (1)
66.7

 
34.0

 
100.7

Foreign currency translation adjustments
(5.1
)
 
(34.2
)
 
(39.3
)
Balance, February 28, 2015
3,776.2

 
2,432.0

 
6,208.2

Purchase accounting allocations (2)
—

 
203.3

 
203.3

Foreign currency translation adjustments
(4.4
)
 
(25.3
)
 
(29.7
)
Balance, November 30, 2015
$
3,771.8

 
$
2,610.0

 
$
6,381.8


(1) 
Purchase accounting allocations associated with acquisitions of a glass production plant (Beer) and a super-premium tequila brand (Wine and Spirits).
(2) 
Preliminary purchase accounting allocations associated with the acquisition of Meiomi (as defined below).

As of November 30, 2015, and February 28, 2015, we have accumulated impairment losses of $216.4 million and $231.0 million, respectively, within our Wine and Spirits segment.

Meiomi –
In August 2015, we acquired the Meiomi wine business, consisting primarily of the Meiomi trademark, related inventories and certain grape supply contracts (“Meiomi”). The results of operations of Meiomi are reported in the Wine and Spirits segment and are included in our consolidated results of operations from the date of acquisition.

Ballast Point –
In December 2015, we acquired all of the issued and outstanding common and preferred stock of Home Brew Mart, Inc. d/b/a/ Ballast Point Brewing & Spirits (“Ballast Point”) for approximately $1.0 billion. The transaction primarily included the acquisition of goodwill and other intangible assets, inventories and property, plant and equipment. The results of operations of Ballast Point will be reported in the Beer segment and will be included in our consolidated results of operations from the date of acquisition.