Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.8.0.1
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Aug. 31, 2017
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at estimated fair value on a recurring basis
The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis:
 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
(in millions)
 
 
 
 
 
 
 
August 31, 2017
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
45.3

 
$
—

 
$
45.3

Commodity derivative contracts
$
—

 
$
8.0

 
$
—

 
$
8.0

Interest rate swap contracts
$
—

 
$
2.7

 
$
—

 
$
2.7

Available-for-sale (“AFS”) debt securities
$
—

 
$
—

 
$
9.9

 
$
9.9

Liabilities:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
11.2

 
$
—

 
$
11.2

Commodity derivative contracts
$
—

 
$
8.3

 
$
—

 
$
8.3

 
 
 
 
 
 
 
 
 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
(in millions)
 
 
 
 
 
 
 
February 28, 2017
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
13.2

 
$
—

 
$
13.2

Commodity derivative contracts
$
—

 
$
5.8

 
$
—

 
$
5.8

Interest rate swap contracts
$
—

 
$
4.7

 
$
—

 
$
4.7

AFS debt securities
$
—

 
$
—

 
$
9.5

 
$
9.5

Liabilities:
 
 
 
 
 
 
 
Foreign currency contracts
$
—

 
$
70.4

 
$
—

 
$
70.4

Commodity derivative contracts
$
—

 
$
11.6

 
$
—

 
$
11.6

Interest rate swap contracts
$
—

 
$
0.3

 
$
—

 
$
0.3

Assets and liabilities measured at estimated fair value on a nonrecurring basis
The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the period presented:
 
Fair Value Measurements Using
 
 
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total Losses
(in millions)
 
 
 
 
 
 
 
For the Six Months Ended August 31, 2017
 
 
 
 
 
 
 
Trademarks
$
—

 
$
—

 
$
136.0

 
$
86.8