Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.7.0.1
Business Segment Information (Tables)
 3 Months Ended
May 31, 2017
Segment Reporting [Abstract]  
Comparable adjustments
Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows:
 
For the Three Months Ended May 31,
 
2017
 
2016
(in millions)
 
 
 
Cost of product sold
 
 
 
Flow through of inventory step-up
$
(7.0
)
 
$
(8.1
)
Net gain (loss) on undesignated commodity derivative contracts
(3.1
)
 
13.1

Settlements of undesignated commodity derivative contracts
2.4

 
8.3

Amortization of favorable interim supply agreement
—

 
(2.2
)
Total cost of product sold
(7.7
)
 
11.1

 
 
 
 
Selling, general and administrative expenses
 
 
 
Impairment of intangible assets
(86.8
)
 
—

Costs associated with the Canadian Divestiture and related activities
(3.2
)
 
(3.7
)
Transaction, integration and other acquisition-related costs
(1.6
)
 
(2.3
)
Other losses
(1.4
)
 
(1.1
)
Total selling, general and administrative expenses
(93.0
)

(7.1
)
Comparable Adjustments, Operating income (loss)
$
(100.7
)
 
$
4.0

Segment information
Segment information is as follows:
 
For the Three Months Ended May 31,
 
2017
 
2016
(in millions)
 
 
 
Beer
 
 
 
Net sales
$
1,242.3

 
$
1,151.0

Segment operating income
$
500.6

 
$
409.3

Long-lived tangible assets
$
3,081.1

 
$
2,362.3

Total assets
$
11,679.1

 
$
10,276.3

Capital expenditures
$
191.2

 
$
145.0

Depreciation and amortization
$
39.8

 
$
25.9

 
 
 
 
 
For the Three Months Ended May 31,
 
2017
 
2016
(in millions)
 
 
 
Wine and Spirits
 
 
 
Net sales:
 
 
 
Wine
$
605.0

 
$
643.1

Spirits
88.2

 
77.7

Net sales
$
693.2

 
$
720.8

Segment operating income
$
205.6

 
$
168.0

Equity in earnings of equity method investees
$
0.2

 
$
0.8

Long-lived tangible assets
$
982.2

 
$
1,035.3

Investments in equity method investees
$
77.3

 
$
76.5

Total assets
$
6,888.3

 
$
6,984.8

Capital expenditures
$
21.6

 
$
12.5

Depreciation and amortization
$
22.6

 
$
24.9

 
 
 
 
Corporate Operations and Other
 
 
 
Segment operating loss
$
(37.4
)
 
$
(28.6
)
Equity in earnings (losses) of equity method investees
$
0.2

 
$
(0.1
)
Long-lived tangible assets
$
123.6

 
$
109.6

Investments in equity method investees
$
21.3

 
$
5.9

Total assets
$
392.0

 
$
368.9

Capital expenditures
$
4.3

 
$
11.9

Depreciation and amortization
$
9.1

 
$
7.0

 
 
 
 
Comparable Adjustments
 
 
 
Operating income (loss)
$
(100.7
)
 
$
4.0

Depreciation and amortization
$
—

 
$
2.2

 
 
 
 
Consolidated
 
 
 
Net sales
$
1,935.5

 
$
1,871.8

Operating income
$
568.1

 
$
552.7

Equity in earnings of equity method investees
$
0.4

 
$
0.7

Long-lived tangible assets
$
4,186.9

 
$
3,507.2

Investments in equity method investees
$
98.6

 
$
82.4

Total assets
$
18,959.4

 
$
17,630.0

Capital expenditures
$
217.1

 
$
169.4

Depreciation and amortization
$
71.5

 
$
60.0