Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.5.0.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended
May 31, 2016
May 31, 2015
Condensed Consolidating Statement of Comprehensive Income    
Sales $ 2,053.0 $ 1,798.0
Less – excise taxes (181.2) (166.7)
Net sales 1,871.8 1,631.3
Cost of product sold (990.5) (894.2)
Gross profit 881.3 737.1
Selling, general and administrative expenses (328.6) (309.8)
Operating income 552.7 427.3
Equity in earnings of equity method investees and subsidiaries 0.7 1.0
Interest income 0.4 0.3
Intercompany interest income 0.0 0.0
Interest expense (85.0) (77.8)
Intercompany interest expense 0.0 0.0
Income before income taxes 468.8 350.8
(Provision for) benefit from income taxes (149.7) (110.6)
Net income 319.1 240.2
Net income attributable to noncontrolling interests (0.8) (1.6)
Net income attributable to CBI 318.3 238.6
Comprehensive income attributable to CBI 314.3 184.7
Parent Company [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 623.7 558.6
Less – excise taxes (78.0) (76.2)
Net sales 545.7 482.4
Cost of product sold (451.4) (390.8)
Gross profit 94.3 91.6
Selling, general and administrative expenses (91.3) (102.8)
Operating income 3.0 (11.2)
Equity in earnings of equity method investees and subsidiaries 368.9 304.2
Interest income 0.1 0.1
Intercompany interest income 57.4 45.8
Interest expense (74.3) (69.3)
Intercompany interest expense (73.1) (63.6)
Income before income taxes 282.0 206.0
(Provision for) benefit from income taxes 36.3 32.6
Net income 318.3 238.6
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 318.3 238.6
Comprehensive income attributable to CBI 314.3 184.7
Subsidiary Guarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 1,686.8 1,424.9
Less – excise taxes (86.9) (75.1)
Net sales 1,599.9 1,349.8
Cost of product sold (1,151.5) (1,003.6)
Gross profit 448.4 346.2
Selling, general and administrative expenses (193.1) (177.2)
Operating income 255.3 169.0
Equity in earnings of equity method investees and subsidiaries 2.3 2.2
Interest income 0.0 0.0
Intercompany interest income 73.3 63.9
Interest expense (0.4) (0.3)
Intercompany interest expense (57.4) (45.9)
Income before income taxes 273.1 188.9
(Provision for) benefit from income taxes (105.9) (73.1)
Net income 167.2 115.8
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 167.2 115.8
Comprehensive income attributable to CBI 168.7 115.1
Subsidiary Nonguarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 966.1 825.2
Less – excise taxes (16.3) (15.4)
Net sales 949.8 809.8
Cost of product sold (564.8) (486.1)
Gross profit 385.0 323.7
Selling, general and administrative expenses (55.2) (33.5)
Operating income 329.8 290.2
Equity in earnings of equity method investees and subsidiaries 0.0 0.2
Interest income 0.3 0.2
Intercompany interest income 0.0 0.0
Interest expense (10.3) (8.2)
Intercompany interest expense (0.2) (0.2)
Income before income taxes 319.6 282.2
(Provision for) benefit from income taxes (91.5) (76.7)
Net income 228.1 205.5
Net income attributable to noncontrolling interests (0.8) (1.6)
Net income attributable to CBI 227.3 203.9
Comprehensive income attributable to CBI 221.5 149.6
Eliminations [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales (1,223.6) (1,010.7)
Less – excise taxes 0.0 0.0
Net sales (1,223.6) (1,010.7)
Cost of product sold 1,177.2 986.3
Gross profit (46.4) (24.4)
Selling, general and administrative expenses 11.0 3.7
Operating income (35.4) (20.7)
Equity in earnings of equity method investees and subsidiaries (370.5) (305.6)
Interest income 0.0 0.0
Intercompany interest income (130.7) (109.7)
Interest expense 0.0 0.0
Intercompany interest expense 130.7 109.7
Income before income taxes (405.9) (326.3)
(Provision for) benefit from income taxes 11.4 6.6
Net income (394.5) (319.7)
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI (394.5) (319.7)
Comprehensive income attributable to CBI $ (390.2) $ (264.7)