Current report filing

Business Segment Information (Tables)

v3.8.0.1
Business Segment Information (Tables)
12 Months Ended
Feb. 28, 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 Years Ended
 
February 28,
2017
 
February 29,
2016
 
February 28,
2015
(in millions)
 
 
 
 
 
Cost of product sold
 
 
 
 
 
Settlements of undesignated commodity derivative contracts
$
23.4

 
$
29.5

 
$
4.4

Net gain (loss) on undesignated commodity derivative contracts
16.3

 
(48.1
)
 
(32.7
)
Flow through of inventory step-up
(20.1
)
 
(18.4
)
 

Amortization of favorable interim supply agreement
(2.2
)
 
(31.7
)
 
(28.4
)
Other losses

 

 
(2.8
)
Total cost of product sold
17.4

 
(68.7
)
 
(59.5
)
 
 
 
 
 
 
Selling, general and administrative expenses
 
 
 
 
 
Impairment of intangible assets
(37.6
)
 

 

Costs associated with the Canadian Divestiture and related activities
(20.4
)
 

 

Transaction, integration and other acquisition-related costs
(14.2
)
 
(15.4
)
 
(30.5
)
Restructuring and related charges
(0.9
)
 
(16.4
)
 

Other gains (losses)
(2.6
)
 

 
7.2

Total selling, general and administrative expenses
(75.7
)

(31.8
)
 
(23.3
)
 
 
 
 
 
 
Gain on sale of business
262.4

 

 

 
 
 
 
 
 
Comparable Adjustments, Operating income (loss)
$
204.1

 
$
(100.5
)
 
$
(82.8
)


Segment information
Segment information is as follows:
 
For the Years Ended
 
February 28,
2017
 
February 29,
2016
 
February 28,
2015
(in millions)
 
 
 
 
 
Beer
 
 
 
 
 
Net sales
$
4,229.3

 
$
3,622.6

 
$
3,188.6

Segment operating income
$
1,534.4

 
$
1,264.1

 
$
1,017.8

Long-lived tangible assets
$
2,810.0

 
$
2,187.8

 
$
1,485.6

Total assets
$
11,325.3

 
$
9,900.7

 
$
8,281.0

Capital expenditures
$
759.2

 
$
800.3

 
$
587.3

Depreciation and amortization
$
114.9

 
$
61.5

 
$
45.4

 
 
 
 
 
 
Wine and Spirits
 
 
 
 
 
Net sales:
 
 
 
 
 
Wine
$
2,739.3

 
$
2,591.4

 
$
2,523.4

Spirits
362.9

 
334.4

 
316.0

Net sales
$
3,102.2

 
$
2,925.8

 
$
2,839.4

Segment operating income
$
800.8

 
$
727.0

 
$
674.3

Earnings from unconsolidated investments
$
29.2

 
$
26.6

 
$
21.5

Long-lived tangible assets
$
992.9

 
$
1,039.8

 
$
1,071.8

Investments in equity method investees
$
77.6

 
$
76.2

 
$
73.5

Total assets
$
6,976.6

 
$
6,770.4

 
$
6,508.2

Capital expenditures
$
100.0

 
$
81.7

 
$
96.8

Depreciation and amortization
$
99.4

 
$
100.2

 
$
100.0

 
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
Segment operating loss
$
(139.9
)
 
$
(125.5
)
 
$
(109.1
)
Losses from unconsolidated investments
$
(0.2
)
 
$

 
$

Long-lived tangible assets
$
129.9

 
$
105.8

 
$
124.2

Investments in equity method investees
$
21.1

 
$
6.0

 
$

Total assets
$
300.5

 
$
293.9

 
$
303.8

Capital expenditures
$
48.2

 
$
9.3

 
$
35.3

Depreciation and amortization
$
31.4

 
$
27.6

 
$
28.2

 
 
 
 
 
 
Comparable Adjustments
 
 
 
 
 
Operating income (loss)
$
204.1

 
$
(100.5
)
 
$
(82.8
)
Earnings (losses) from unconsolidated investments
$
(1.7
)
 
$
24.5

 
$

Depreciation and amortization
$
2.2

 
$
31.7

 
$
28.4

 
 
 
 
 
 
Consolidated
 
 
 
 
 
Net sales
$
7,331.5

 
$
6,548.4

 
$
6,028.0

Operating income
$
2,399.4

 
$
1,765.1

 
$
1,500.2

Earnings from unconsolidated investments
$
27.3

 
$
51.1

 
$
21.5

Long-lived tangible assets
$
3,932.8

 
$
3,333.4

 
$
2,681.6

Investments in equity method investees
$
98.7

 
$
82.2

 
$
73.5

Total assets
$
18,602.4

 
$
16,965.0

 
$
15,093.0

Capital expenditures
$
907.4

 
$
891.3

 
$
719.4

Depreciation and amortization
$
247.9

 
$
221.0

 
$
202.0

Geographic data
Geographic data is as follows:
 
For the Years Ended
 
February 28,
2017
 
February 29,
2016
 
February 28,
2015
(in millions)
 
 
 
 
 
Net sales
 
 
 
 
 
U.S.
$
6,807.7

 
$
5,960.9

 
$
5,360.0

Non-U.S. (primarily Canada)
523.8

 
587.5

 
668.0

 
$
7,331.5

 
$
6,548.4

 
$
6,028.0

 
February 28,
2017
 
February 29,
2016
(in millions)
 
 
 
Long-lived tangible assets
 
 
 
U.S.
$
1,037.6

 
$
933.3

Non-U.S. (primarily Mexico)
2,895.2

 
2,400.1

 
$
3,932.8

 
$
3,333.4