Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.7.0.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended
May 31, 2017
May 31, 2016
Condensed Consolidating Statement of Comprehensive Income    
Sales $ 2,115.3 $ 2,053.0
Less – excise taxes (179.8) (181.2)
Net sales 1,935.5 1,871.8
Cost of product sold (940.2) (990.5)
Gross profit 995.3 881.3
Selling, general and administrative expenses (427.2) (328.6)
Operating income 568.1 552.7
Equity in earnings of equity method investees and subsidiaries 0.4 0.7
Interest income 0.1 0.4
Intercompany interest income 0.0 0.0
Interest expense (82.5) (85.0)
Intercompany interest expense 0.0 0.0
Loss on write-off of debt issuance costs (6.7) 0.0
Income before income taxes 479.4 468.8
(Provision for) benefit from income taxes (74.1) (149.7)
Net income 405.3 319.1
Net income attributable to noncontrolling interests (2.5) (0.8)
Net income attributable to CBI 402.8 318.3
Comprehensive income attributable to CBI 590.3 314.3
Eliminations [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales (1,246.2) (1,223.6)
Less – excise taxes 0.0 0.0
Net sales (1,246.2) (1,223.6)
Cost of product sold 1,221.9 1,177.2
Gross profit (24.3) (46.4)
Selling, general and administrative expenses 8.9 11.0
Operating income (15.4) (35.4)
Equity in earnings of equity method investees and subsidiaries (434.7) (370.5)
Interest income 0.0 0.0
Intercompany interest income (152.0) (130.7)
Interest expense 0.0 0.0
Intercompany interest expense 152.0 130.7
Loss on write-off of debt issuance costs 0.0  
Income before income taxes (450.1) (405.9)
(Provision for) benefit from income taxes (16.2) 11.4
Net income (466.3) (394.5)
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI (466.3) (394.5)
Comprehensive income attributable to CBI (655.5) (390.2)
Parent Company [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 698.8 623.7
Less – excise taxes (83.7) (78.0)
Net sales 615.1 545.7
Cost of product sold (477.2) (451.4)
Gross profit 137.9 94.3
Selling, general and administrative expenses (104.9) (91.3)
Operating income 33.0 3.0
Equity in earnings of equity method investees and subsidiaries 433.5 368.9
Interest income 0.0 0.1
Intercompany interest income 57.9 57.4
Interest expense (65.2) (74.3)
Intercompany interest expense (93.3) (73.1)
Loss on write-off of debt issuance costs (6.7)  
Income before income taxes 359.2 282.0
(Provision for) benefit from income taxes 43.6 36.3
Net income 402.8 318.3
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 402.8 318.3
Comprehensive income attributable to CBI 590.3 314.3
Subsidiary Guarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 1,794.2 1,686.8
Less – excise taxes (93.4) (86.9)
Net sales 1,700.8 1,599.9
Cost of product sold (1,232.0) (1,151.5)
Gross profit 468.8 448.4
Selling, general and administrative expenses (303.3) (193.1)
Operating income 165.5 255.3
Equity in earnings of equity method investees and subsidiaries 1.1 2.3
Interest income 0.0 0.0
Intercompany interest income 93.3 73.3
Interest expense (0.3) (0.4)
Intercompany interest expense (58.1) (57.4)
Loss on write-off of debt issuance costs 0.0  
Income before income taxes 201.5 273.1
(Provision for) benefit from income taxes (65.5) (105.9)
Net income 136.0 167.2
Net income attributable to noncontrolling interests 0.0 0.0
Net income attributable to CBI 136.0 167.2
Comprehensive income attributable to CBI 135.3 168.7
Subsidiary Nonguarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 868.5 966.1
Less – excise taxes (2.7) (16.3)
Net sales 865.8 949.8
Cost of product sold (452.9) (564.8)
Gross profit 412.9 385.0
Selling, general and administrative expenses (27.9) (55.2)
Operating income 385.0 329.8
Equity in earnings of equity method investees and subsidiaries 0.5 0.0
Interest income 0.1 0.3
Intercompany interest income 0.8 0.0
Interest expense (17.0) (10.3)
Intercompany interest expense (0.6) (0.2)
Loss on write-off of debt issuance costs 0.0  
Income before income taxes 368.8 319.6
(Provision for) benefit from income taxes (36.0) (91.5)
Net income 332.8 228.1
Net income attributable to noncontrolling interests (2.5) (0.8)
Net income attributable to CBI 330.3 227.3
Comprehensive income attributable to CBI $ 520.2 $ 221.5