Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

3 Months Ended

May 31, 2016

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)
May 31, 2016
Assets:
Foreign currency contracts	$	—	$	9.1	$	—	$	9.1
Commodity derivative contracts	$	—	$	2.9	$	—	$	2.9
Interest rate swap contracts	$	—	$	1.7	$	—	$	1.7
Available-for-sale (“AFS”) debt securities	$	—	$	—	$	4.7	$	4.7
Liabilities:
Foreign currency contracts	$	—	$	63.9	$	—	$	63.9
Commodity derivative contracts	$	—	$	26.6	$	—	$	26.6
Interest rate swap contracts	$	—	$	7.2	$	—	$	7.2

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	$	—	$	—	$	4.6	$	4.6
Liabilities:
Foreign currency contracts	$	—	$	69.0	$	—	$	69.0
Commodity derivative contracts	$	—	$	46.1	$	—	$	46.1
Interest rate swap contracts	$	—	$	7.6	$	—	$	7.6