Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.4.0.3
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Feb. 29, 2016
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis:
 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
(in millions)
 
 
 
 
 
 
 
February 29, 2016
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
11.5

 
$
—

 
$
11.5

Commodity derivative contracts
$
—

 
$
0.9

 
$
—

 
$
0.9

Interest rate swap contracts
$
—

 
$
1.0

 
$
—

 
$
1.0

AFS debt securities
$
—

 
$
—

 
$
7.3

 
$
7.3

 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
(in millions)
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
69.0

 
$
—

 
$
69.0

Commodity derivative contracts
$
—

 
$
46.1

 
$
—

 
$
46.1

Interest rate swap contracts
$
—

 
$
7.6

 
$
—

 
$
7.6

 
 
 
 
 
 
 
 
February 28, 2015
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
34.6

 
$
—

 
$
34.6

Commodity derivative contracts
$
—

 
$
0.7

 
$
—

 
$
0.7

Interest rate swap contracts
$
—

 
$
3.5

 
$
—

 
$
3.5

AFS debt securities
$
—

 
$
—

 
$
7.8

 
$
7.8

Liabilities:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
59.0

 
$
—

 
$
59.0

Commodity derivative contracts
$
—

 
$
27.4

 
$
—

 
$
27.4

Interest rate swap contracts
$
—

 
$
23.2

 
$
—

 
$
23.2

Assets and liabilities measured at fair value on a nonrecurring basis
The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the period presented:
 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total Losses
(in millions)
 
 
 
 
 
 
 
For the Year Ended February 28, 2014
 
 
 
 
 
 
 
Goodwill
$
—

 
$
—

 
$
159.6

 
$
278.7

Trademarks
—

 
—

 
68.3

 
22.2

 
$
—

 
$
—

 
$
227.9

 
$
300.9