Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI (Tables)

v3.3.1.900
Comprehensive Income Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 2015
Equity [Abstract]  
Reconciliation of net income attributable to CBI to comprehensive income attributable to CBI
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 Nine Months Ended November 30, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
811.5

Other comprehensive loss:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(209.7
)
 
$
2.7

 
(207.0
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(209.7
)
 
2.7

 
(207.0
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(36.2
)
 
9.7

 
(26.5
)
Reclassification adjustments
27.1

 
(8.2
)
 
18.9

Net loss recognized in other comprehensive loss
(9.1
)
 
1.5

 
(7.6
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.4
)
 
—

 
(0.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.4
)
 
—

 
(0.4
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
1.2

 
(0.3
)
 
0.9

Reclassification adjustments
0.3

 
(0.2
)
 
0.1

Net gain recognized in other comprehensive loss
1.5

 
(0.5
)
 
1.0

Other comprehensive loss attributable to CBI
$
(217.7
)
 
$
3.7

 
(214.0
)
Comprehensive income attributable to CBI
 
 
 
 
$
597.5

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Nine Months Ended November 30, 2014
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
624.7

Other comprehensive loss:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(82.1
)
 
$
(2.0
)
 
(84.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(82.1
)
 
(2.0
)
 
(84.1
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(14.7
)
 
4.3

 
(10.4
)
Reclassification adjustments
1.4

 
(1.3
)
 
0.1

Net loss recognized in other comprehensive loss
(13.3
)
 
3.0

 
(10.3
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.5
)
 
—

 
(0.5
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.5
)
 
—

 
(0.5
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.5

 
(0.2
)
 
0.3

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.5

 
(0.2
)
 
0.3

Other comprehensive loss attributable to CBI
$
(95.4
)
 
$
0.8

 
(94.6
)
Comprehensive income attributable to CBI
 
 
 
 
$
530.1

 
 
 
 
 
 
For the Three Months Ended November 30, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
270.5

Other comprehensive income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
8.1

 
$
(0.1
)
 
8.0

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
8.1

 
(0.1
)
 
8.0

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
12.7

 
(3.3
)
 
9.4

Reclassification adjustments
10.8

 
(3.1
)
 
7.7

Net gain recognized in other comprehensive income
23.5

 
(6.4
)
 
17.1

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.3

 
—

 
0.3

Reclassification adjustments
0.1

 
(0.2
)
 
(0.1
)
Net gain recognized in other comprehensive income
0.4

 
(0.2
)
 
0.2

Other comprehensive income attributable to CBI
$
32.0

 
$
(6.7
)
 
25.3

Comprehensive income attributable to CBI
 
 
 
 
$
295.8

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended November 30, 2014
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
222.2

Other comprehensive loss:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(97.9
)
 
$
(0.8
)
 
(98.7
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(97.9
)
 
(0.8
)
 
(98.7
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(21.1
)
 
5.9

 
(15.2
)
Reclassification adjustments
1.5

 
(0.7
)
 
0.8

Net loss recognized in other comprehensive loss
(19.6
)
 
5.2

 
(14.4
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.7
)
 
0.1

 
(0.6
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.7
)
 
0.1

 
(0.6
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.5

 
(0.2
)
 
0.3

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.5

 
(0.2
)
 
0.3

Other comprehensive loss attributable to CBI
$
(117.7
)
 
$
4.3

 
(113.4
)
Comprehensive income attributable to CBI
 
 
 
 
$
108.8

Accumulated other comprehensive loss, net of income tax effect
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 income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification adjustments
(207.0
)
 
(26.5
)
 
(0.4
)
 
0.9

 
(233.0
)
Amounts reclassified from accumulated other comprehensive loss
—

 
18.9

 
—

 
0.1

 
19.0

Other comprehensive income (loss)
(207.0
)
 
(7.6
)
 
(0.4
)
 
1.0

 
(214.0
)
Balance, November 30, 2015
$
(293.1
)
 
$
(36.7
)
 
$
(2.9
)
 
$
(12.2
)
 
$
(344.9
)