Current report filing

Acquisitions and Divestiture (Tables)

v3.8.0.1
Acquisitions and Divestiture (Tables)
12 Months Ended
Feb. 28, 2017
Business Combinations [Abstract]  
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

Net gain associated with the Canadian Divestiture
The following table summarizes the net gain recognized in connection with this divestiture for the year ended February 28, 2017:
(in millions)
 
Cash received from buyer
$
585.2

Net assets sold
(175.4
)
AOCI reclassification adjustments, primarily foreign currency translation
(122.5
)
Direct costs to sell
(9.9
)
Estimated working capital adjustments to be paid
(4.9
)
Other
(10.1
)
Gain on sale of business
$
262.4

In total, for the year ended February 28, 2017, we recognized a net gain associated with the Canadian Divestiture as follows:
(in millions)
 
Gain on sale of business
$
262.4

Impairment of trademarks
(8.4
)
Other net costs
(12.0
)
Net gain associated with the Canadian Divestiture and related activities
$
242.0