Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI (Tables)

v3.5.0.2
Comprehensive Income Attributable to CBI (Tables)
 6 Months Ended
Aug. 31, 2016
Equity [Abstract]  
Reconciliation of net income attributable to CBI to comprehensive income attributable to CBI
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 Six Months Ended August 31, 2016
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
677.2

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(2.8
)
 
$
(1.7
)
 
(4.5
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive income
(2.8
)
 
(1.7
)
 
(4.5
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(3.1
)
 
2.6

 
(0.5
)
Reclassification adjustments
20.9

 
(6.7
)
 
14.2

Net gain recognized in other comprehensive income
17.8

 
(4.1
)
 
13.7

Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.2

 
0.1

 
0.3

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
0.2

 
0.1

 
0.3

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

 
(0.4
)
Reclassification adjustments
0.3

 
—

 
0.3

Net loss recognized in other comprehensive income
(0.3
)
 
0.2

 
(0.1
)
Other comprehensive income attributable to CBI
$
14.9

 
$
(5.5
)
 
9.4

Comprehensive income attributable to CBI
 
 
 
 
$
686.6

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Six Months Ended August 31, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
541.0

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(217.8
)
 
$
2.8

 
(215.0
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(217.8
)
 
2.8

 
(215.0
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(48.9
)
 
13.0

 
(35.9
)
Reclassification adjustments
16.3

 
(5.1
)
 
11.2

Net loss recognized in other comprehensive loss
(32.6
)
 
7.9

 
(24.7
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.4
)
 
—

 
(0.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.4
)
 
—

 
(0.4
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.9

 
(0.3
)
 
0.6

Reclassification adjustments
0.2

 
—

 
0.2

Net gain recognized in other comprehensive loss
1.1

 
(0.3
)
 
0.8

Other comprehensive loss attributable to CBI
$
(249.7
)
 
$
10.4

 
(239.3
)
Comprehensive income attributable to CBI
 
 
 
 
$
301.7

 
 
 
 
 
 
For the Three Months Ended August 31, 2016
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
358.9

Other comprehensive income attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
4.6

 
$
0.1

 
4.7

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
4.6

 
0.1

 
4.7

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
0.1

 
0.8

 
0.9

Reclassification adjustments
10.8

 
(3.3
)
 
7.5

Net gain recognized in other comprehensive income
10.9

 
(2.5
)
 
8.4

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

 
0.1

 
0.2

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
0.1

 
0.1

 
0.2

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
—

 
—

 
—

Reclassification adjustments
0.1

 
—

 
0.1

Net gain recognized in other comprehensive income
0.1

 
—

 
0.1

Other comprehensive income attributable to CBI
$
15.7

 
$
(2.3
)
 
13.4

Comprehensive income attributable to CBI
 
 
 
 
$
372.3

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended August 31, 2015
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
302.4

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(167.1
)
 
$
3.4

 
(163.7
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(167.1
)
 
3.4

 
(163.7
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(38.4
)
 
10.1

 
(28.3
)
Reclassification adjustments
8.7

 
(2.6
)
 
6.1

Net loss recognized in other comprehensive loss
(29.7
)
 
7.5

 
(22.2
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.3
)
 
—

 
(0.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.3
)
 
—

 
(0.3
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
1.0

 
(0.3
)
 
0.7

Reclassification adjustments
0.1

 
—

 
0.1

Net gain recognized in other comprehensive loss
1.1

 
(0.3
)
 
0.8

Other comprehensive loss attributable to CBI
$
(196.0
)
 
$
10.6

 
(185.4
)
Comprehensive income attributable to CBI
 
 
 
 
$
117.0

Accumulated other comprehensive loss, net of income tax effect
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
(4.5
)
 
(0.5
)
 
0.3

 
(0.4
)
 
(5.1
)
Amounts reclassified from accumulated other comprehensive loss
—

 
14.2

 
—

 
0.3

 
14.5

Other comprehensive income (loss)
(4.5
)
 
13.7

 
0.3

 
(0.1
)
 
9.4

Balance, August 31, 2016
$
(395.0
)
 
$
(32.4
)
 
$
(2.5
)
 
$
(13.2
)
 
$
(443.1
)