Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.6.0.2
Goodwill (Tables)
 9 Months Ended
Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The changes in the carrying amount of goodwill are as follows:
 
Beer
 
Wine and Spirits
 
Consolidated
(in millions)
 
 
 
 
 
Balance, February 28, 2015
$
3,776.2

 
$
2,432.0

 
$
6,208.2

Purchase accounting allocations (1)
761.8

 
203.3

 
965.1

Foreign currency translation adjustments
(7.9
)
 
(26.8
)
 
(34.7
)
Balance, February 29, 2016
4,530.1

 
2,608.5

 
7,138.6

Purchase accounting allocations (2)
1.4

 
373.7

 
375.1

Foreign currency translation adjustments
(4.4
)
 
8.6

 
4.2

Balance, November 30, 2016
$
4,527.1

 
$
2,990.8

 
$
7,517.9


(1) 
Purchase accounting allocations associated with the acquisitions of Ballast Point (as defined below) (Beer) and Meiomi (as defined below) (Wine and Spirits).
(2) 
Preliminary purchase accounting allocations associated primarily with the acquisitions of Prisoner, High West and Charles Smith (all as defined below) (Wine and Spirits).
Allocation of estimated fair value for significant assets acquired
The following table summarizes the allocation of the estimated fair value for the significant assets acquired:
(in millions)
 
Goodwill
$
763.2

Trademarks
222.8

Other
14.0

Total estimated fair value
1,000.0

Less – cash acquired
(1.5
)
Purchase price
$
998.5

Carrying amounts of major classes of assets and liabilities classified as held for sale
The carrying amounts of the major classes of assets and liabilities classified as held for sale as of November 30, 2016, are presented below. Amounts presented below are included within the respective line on our balance sheet.
 
November 30,
2016
(in millions)
 
Cash
$
7.8

Accounts receivable
44.7

Inventories
147.9

Prepaid expenses and other
6.3

Total current assets
206.7

Property, plant and equipment
112.6

Goodwill
125.1

Intangible assets
68.5

Other assets
1.7

Total assets
514.6

Current liabilities
(93.3
)
Long-term liabilities
(255.8
)
Total liabilities
(349.1
)
Net assets held for sale
$
165.5