Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI (Tables)

v3.8.0.1
Comprehensive Income Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 2017
Equity [Abstract]  
Reconciliation of net income attributable to CBI to comprehensive income attributable to CBI
The reconciliation of net income attributable to CBI to comprehensive income attributable to CBI is as follows:

 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Nine Months Ended November 30, 2017
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
1,393.4

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
154.4

 
$
(0.1
)
 
154.3

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
154.4

 
(0.1
)
 
154.3

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
57.2

 
(17.1
)
 
40.1

Reclassification adjustments
(4.0
)
 
0.8

 
(3.2
)
Net gain recognized in other comprehensive income
53.2

 
(16.3
)
 
36.9

Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.4
)
 
—

 
(0.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive income
(0.4
)
 
—

 
(0.4
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive income
—

 
—

 
—

Other comprehensive income attributable to CBI
$
207.2

 
$
(16.4
)
 
190.8

Comprehensive income attributable to CBI
 
 
 
 
$
1,584.2

 
 
 
 
 
 
For the Nine Months Ended November 30, 2016
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
1,083.1

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(128.4
)
 
$
(0.7
)
 
(129.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(128.4
)
 
(0.7
)
 
(129.1
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(55.3
)
 
17.8

 
(37.5
)
Reclassification adjustments
32.0

 
(10.1
)
 
21.9

Net loss recognized in other comprehensive loss
(23.3
)
 
7.7

 
(15.6
)
Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.1

 
0.1

 
0.2

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.1

 
0.1

 
0.2

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.5

 
(0.1
)
 
0.4

Net gain recognized in other comprehensive loss
0.4

 
(0.1
)
 
0.3

Other comprehensive loss attributable to CBI
$
(151.2
)
 
$
7.0

 
(144.2
)
Comprehensive income attributable to CBI
 
 
 
 
$
938.9

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended November 30, 2017
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
491.1

Other comprehensive loss attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(99.1
)
 
$
0.9

 
(98.2
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(99.1
)
 
0.9

 
(98.2
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(26.7
)
 
6.8

 
(19.9
)
Reclassification adjustments
(3.8
)
 
0.9

 
(2.9
)
Net loss recognized in other comprehensive loss
(30.5
)
 
7.7

 
(22.8
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.8
)
 
0.2

 
(0.6
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.8
)
 
0.2

 
(0.6
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
—

 
(0.1
)
 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive loss
0.1

 
(0.1
)
 
—

Other comprehensive loss attributable to CBI
$
(130.3
)
 
$
8.7

 
(121.6
)
Comprehensive income attributable to CBI
 
 
 
 
$
369.5

 
 
 
 
 
 
For the Three Months Ended November 30, 2016
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
405.9

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(125.6
)
 
$
1.0

 
(124.6
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(125.6
)
 
1.0

 
(124.6
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(52.2
)
 
15.2

 
(37.0
)
Reclassification adjustments
11.1

 
(3.4
)
 
7.7

Net loss recognized in other comprehensive loss
(41.1
)
 
11.8

 
(29.3
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.1
)
 
—

 
(0.1
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.5

 
(0.2
)
 
0.3

Reclassification adjustments
0.2

 
(0.1
)
 
0.1

Net gain recognized in other comprehensive loss
0.7

 
(0.3
)
 
0.4

Other comprehensive loss attributable to CBI
$
(166.1
)
 
$
12.5

 
(153.6
)
Comprehensive income attributable to CBI
 
 
 
 
$
252.3

Accumulated other comprehensive income (loss), net of income tax effect
Accumulated other comprehensive income (loss), net of income tax effect, includes the following components:
 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
Gains (Losses)
on Derivative
Instruments
 
Net
Unrealized
Losses
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Income (Loss)
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2017
$
(358.0
)
 
$
(38.0
)
 
$
(2.3
)
 
$
(1.5
)
 
$
(399.8
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification adjustments
154.3

 
40.1

 
(0.4
)
 
(0.1
)
 
193.9

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(3.2
)
 
—

 
0.1

 
(3.1
)
Other comprehensive income (loss)
154.3

 
36.9

 
(0.4
)
 
—

 
190.8

Balance, November 30, 2017
$
(203.7
)
 
$
(1.1
)
 
$
(2.7
)
 
$
(1.5
)
 
$
(209.0
)