Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI

v3.5.0.1
Comprehensive Income Attributable to CBI
 3 Months Ended
May 31, 2016
Equity [Abstract]  
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI:

Comprehensive income consists of net income, foreign currency translation adjustments, net unrealized gains (losses) on derivative instruments, net unrealized gains (losses) on AFS debt securities and pension/postretirement adjustments. 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 Three Months Ended May 31, 2016
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
318.3

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(7.4
)
 
$
(1.8
)
 
(9.2
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(7.4
)
 
(1.8
)
 
(9.2
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(3.2
)
 
1.8

 
(1.4
)
Reclassification adjustments
10.1

 
(3.4
)
 
6.7

Net gain recognized in other comprehensive loss
6.9

 
(1.6
)
 
5.3

Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.1

 
—

 
0.1

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.1

 
—

 
0.1

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.6
)
 
0.2

 
(0.4
)
Reclassification adjustments
0.2

 
—

 
0.2

Net loss recognized in other comprehensive loss
(0.4
)
 
0.2

 
(0.2
)
Other comprehensive loss attributable to CBI
$
(0.8
)
 
$
(3.2
)
 
(4.0
)
Comprehensive income attributable to CBI
 
 
 
 
$
314.3

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended May 31, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
238.6

Other comprehensive loss attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(50.7
)
 
$
(0.6
)
 
(51.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(50.7
)
 
(0.6
)
 
(51.3
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(10.5
)
 
2.9

 
(7.6
)
Reclassification adjustments
7.6

 
(2.5
)
 
5.1

Net loss recognized in other comprehensive loss
(2.9
)
 
0.4

 
(2.5
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.1
)
 
—

 
(0.1
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive loss
—

 
—

 
—

Other comprehensive loss attributable to CBI
$
(53.7
)
 
$
(0.2
)
 
(53.9
)
Comprehensive income attributable to CBI
 
 
 
 
$
184.7



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
Gains (Losses)
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Loss
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 29, 2016
$
(390.5
)
 
$
(46.1
)
 
$
(2.8
)
 
$
(13.1
)
 
$
(452.5
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification adjustments
(9.2
)
 
(1.4
)
 
0.1

 
(0.4
)
 
(10.9
)
Amounts reclassified from accumulated other comprehensive loss
—

 
6.7

 
—

 
0.2

 
6.9

Other comprehensive income (loss)
(9.2
)
 
5.3

 
0.1

 
(0.2
)
 
(4.0
)
Balance, May 31, 2016
$
(399.7
)
 
$
(40.8
)
 
$
(2.7
)
 
$
(13.3
)
 
$
(456.5
)