Annual report pursuant to Section 13 and 15(d)

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 29, 2016
Accounting Policies [Abstract]  
Estimated useful lives for depreciation
Depreciation is computed primarily using the straight-line method over the following estimated useful lives:
 
Years
Land improvements
15 to 32
Vineyards
16 to 26
Buildings and improvements
10 to 50
Machinery and equipment
3 to 35
Motor vehicles
3 to 7
The major components of property, plant and equipment are as follows:
 
February 29,
2016
 
February 28,
2015
(in millions)
 
 
 
Land and land improvements
$
338.7

 
$
350.1

Vineyards
244.4

 
230.2

Buildings and improvements
809.1

 
580.3

Machinery and equipment
2,253.8

 
1,828.4

Motor vehicles
74.3

 
73.2

Construction in progress
792.4

 
669.6

 
4,512.7

 
3,731.8

Less – Accumulated depreciation
(1,179.3
)
 
(1,050.2
)
 
$
3,333.4

 
$
2,681.6