Current report filing

Condensed Consolidating Financial Information (Details 1)

v3.8.0.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
May 31, 2017
Feb. 28, 2017
Nov. 30, 2016
Aug. 31, 2016
May 31, 2016
Feb. 29, 2016
Nov. 30, 2015
Aug. 31, 2015
May 31, 2015
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2015
Condensed Consolidating Statement of Comprehensive Income                        
Sales $ 2,115.3       $ 2,053.0         $ 8,061.6 $ 7,223.8 $ 6,672.1
Less – excise taxes (179.8)       (181.2)         (730.1) (675.4) (644.1)
Net sales 1,935.5 $ 1,628.0 $ 1,810.5 $ 2,021.2 1,871.8 $ 1,543.2 $ 1,640.5 $ 1,733.4 $ 1,631.3 7,331.5 6,548.4 6,028.0
Cost of product sold (940.2)       (990.5)         (3,802.1) (3,606.1) (3,449.4)
Gross profit 995.3 787.7 891.4 969.0 881.3 696.1 733.5 775.6 737.1 3,529.4 2,942.3 2,578.6
Selling, general and administrative expenses (427.2)       (328.6)         (1,392.4) (1,177.2) (1,078.4)
Gain on sale of business                   262.4 0.0 0.0
Operating income 568.1       552.7         2,399.4 1,765.1 1,500.2
Equity in earnings (losses) of equity method investees and subsidiaries 0.4       0.7         27.3 26.6 21.5
Interest income 0.1       0.4         1.8 0.8 1.4
Intercompany interest income 0.0       0.0         0.0 0.0 0.0
Interest expense (82.5)       (85.0)         (335.1) (314.7) (339.1)
Intercompany interest expense 0.0       0.0         0.0 0.0 0.0
Income before income taxes 479.4       468.8         2,093.4 1,501.2 1,179.6
(Provision for) benefit from income taxes (74.1)       (149.7)         (554.2) (440.6) (343.4)
Net income 405.3       319.1         1,539.2 1,060.6 836.2
Net (income) loss attributable to noncontrolling interests (2.5)       (0.8)         (4.1) (5.7) 3.1
Net income attributable to CBI 402.8 $ 452.0 $ 405.9 $ 358.9 318.3 $ 243.4 $ 270.5 $ 302.4 $ 238.6 1,535.1 1,054.9 839.3
Comprehensive income attributable to CBI 590.3       314.3         1,587.8 733.3 622.4
Dividend income                     24.5  
Loss on write-off of debt issuance costs (6.7)                 0.0 (1.1) (4.4)
Eliminations [Member]                        
Condensed Consolidating Statement of Comprehensive Income                        
Sales (1,240.0)       (1,218.2)         (4,560.5) (3,929.0) (3,778.5)
Less – excise taxes 0.0       0.0         0.0 0.0 0.0
Net sales (1,240.0)       (1,218.2)         (4,560.5) (3,929.0) (3,778.5)
Cost of product sold 1,221.9       1,177.2         4,496.1 3,883.5 3,728.3
Gross profit (18.1)       (41.0)         (64.4) (45.5) (50.2)
Selling, general and administrative expenses 2.8       5.5         22.8 20.8 15.2
Gain on sale of business                   0.0    
Operating income (15.3)       (35.5)         (41.6) (24.7) (35.0)
Equity in earnings (losses) of equity method investees and subsidiaries (537.8)       (457.5)         (2,010.7) (1,540.1) (1,065.3)
Interest income 0.0       0.0         0.0 0.0 0.0
Intercompany interest income (176.5)       (154.3)         (633.4) (549.1) (484.9)
Interest expense 0.0       0.0         0.0 0.0 0.0
Intercompany interest expense 176.5       154.3         633.4 549.1 484.9
Income before income taxes (553.1)       (493.0)         (2,052.3) (1,564.8) (1,100.3)
(Provision for) benefit from income taxes (16.2)       11.4         3.5 8.3 11.0
Net income (569.3)       (481.6)         (2,048.8) (1,556.5) (1,089.3)
Net (income) loss attributable to noncontrolling interests 0.0       0.0         0.0 0.0 0.0
Net income attributable to CBI (569.3)       (481.6)         (2,048.8) (1,556.5) (1,089.3)
Comprehensive income attributable to CBI (758.9)       (477.2)         (2,071.1) (1,227.5) (867.2)
Dividend income                     0.0  
Loss on write-off of debt issuance costs 0.0                   0.0 0.0
Parent Company [Member]                        
Condensed Consolidating Statement of Comprehensive Income                        
Sales 698.8       623.7         2,832.6 2,522.8 2,406.4
Less – excise taxes (83.6)       (78.0)         (351.9) (332.6) (324.8)
Net sales 615.2       545.7         2,480.7 2,190.2 2,081.6
Cost of product sold (477.2)       (451.4)         (1,974.5) (1,759.6) (1,678.4)
Gross profit 138.0       94.3         506.2 430.6 403.2
Selling, general and administrative expenses (105.0)       (91.4)         (417.2) (378.4) (388.2)
Gain on sale of business                   (23.4)    
Operating income 33.0       2.9         65.6 52.2 15.0
Equity in earnings (losses) of equity method investees and subsidiaries 433.5       369.0         1,657.4 1,224.2 828.0
Interest income 0.0       0.1         0.4 0.2 0.1
Intercompany interest income 57.9       57.4         227.1 191.4 177.8
Interest expense (65.2)       (74.3)         (280.0) (290.1) (296.4)
Intercompany interest expense (93.3)       (73.2)         (311.1) (267.4) (222.0)
Income before income taxes 359.2       281.9         1,359.4 910.1 502.5
(Provision for) benefit from income taxes 43.6       36.4         175.7 144.8 336.8
Net income 402.8       318.3         1,535.1 1,054.9 839.3
Net (income) loss attributable to noncontrolling interests 0.0       0.0         0.0 0.0 0.0
Net income attributable to CBI 402.8       318.3         1,535.1 1,054.9 839.3
Comprehensive income attributable to CBI 590.3       314.3         1,587.8 733.3 622.4
Dividend income                     0.0  
Loss on write-off of debt issuance costs (6.7)                   (0.4) 0.0
Subsidiary Guarantors [Member]                        
Condensed Consolidating Statement of Comprehensive Income                        
Sales 1,753.2       1,643.9         6,254.4 5,491.3 4,936.9
Less – excise taxes (93.4)       (86.8)         (320.8) (280.9) (251.4)
Net sales 1,659.8       1,557.1         5,933.6 5,210.4 4,685.5
Cost of product sold (1,214.6)       (1,146.8)         (4,373.8) (3,835.4) (3,574.7)
Gross profit 445.2       410.3         1,559.8 1,375.0 1,110.8
Selling, general and administrative expenses (281.5)       (173.6)         (707.5) (595.1) (454.0)
Gain on sale of business                   (4.3)    
Operating income 163.7       236.7         848.0 779.9 656.8
Equity in earnings (losses) of equity method investees and subsidiaries (11.5)       (11.3)         (31.1) (30.5) (30.6)
Interest income 0.0       0.0         0.0 0.0 0.0
Intercompany interest income 117.4       96.0         402.7 354.3 304.8
Interest expense (0.3)       (0.4)         (1.5) (1.2) (1.4)
Intercompany interest expense (49.3)       (51.7)         (197.4) (173.7) (161.8)
Income before income taxes 220.0       269.3         1,020.7 928.8 767.8
(Provision for) benefit from income taxes (69.6)       (103.0)         (385.8) (351.4) (291.8)
Net income 150.4       166.3         634.9 577.4 476.0
Net (income) loss attributable to noncontrolling interests 0.0       0.0         0.0 0.0 0.0
Net income attributable to CBI 150.4       166.3         634.9 577.4 476.0
Comprehensive income attributable to CBI 151.3       165.2         634.8 575.7 476.7
Dividend income                     0.0  
Loss on write-off of debt issuance costs 0.0                   0.0 0.0
Subsidiary Nonguarantors [Member]                        
Condensed Consolidating Statement of Comprehensive Income                        
Sales 903.3       1,003.6         3,535.1 3,138.7 3,107.3
Less – excise taxes (2.8)       (16.4)         (57.4) (61.9) (67.9)
Net sales 900.5       987.2         3,477.7 3,076.8 3,039.4
Cost of product sold (470.3)       (569.5)         (1,949.9) (1,894.6) (1,924.6)
Gross profit 430.2       417.7         1,527.8 1,182.2 1,114.8
Selling, general and administrative expenses (43.5)       (69.1)         (290.5) (224.5) (251.4)
Gain on sale of business                   290.1    
Operating income 386.7       348.6         1,527.4 957.7 863.4
Equity in earnings (losses) of equity method investees and subsidiaries 116.2       100.5         411.7 373.0 289.4
Interest income 0.1       0.3         1.4 0.6 1.3
Intercompany interest income 1.2       0.9         3.6 3.4 2.3
Interest expense (17.0)       (10.3)         (53.6) (23.4) (41.3)
Intercompany interest expense (33.9)       (29.4)         (124.9) (108.0) (101.1)
Income before income taxes 453.3       410.6         1,765.6 1,227.1 1,009.6
(Provision for) benefit from income taxes (31.9)       (94.5)         (347.6) (242.3) (399.4)
Net income 421.4       316.1         1,418.0 984.8 610.2
Net (income) loss attributable to noncontrolling interests (2.5)       (0.8)         (4.1) (5.7) 3.1
Net income attributable to CBI 418.9       315.3         1,413.9 979.1 613.3
Comprehensive income attributable to CBI 607.6       $ 312.0         $ 1,436.3 651.8 390.5
Dividend income                     24.5  
Loss on write-off of debt issuance costs $ 0.0                   $ (0.7) $ (4.4)