Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.8.0.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2017
Nov. 30, 2016
Condensed Consolidating Statement of Comprehensive Income        
Sales $ 1,978.9 $ 1,992.7 $ 6,391.4 $ 6,268.5
Excise taxes (179.8) (182.2) (572.3) (565.0)
Net sales 1,799.1 1,810.5 5,819.1 5,703.5
Cost of product sold (891.6) (919.1) (2,851.0) (2,961.8)
Gross profit 907.5 891.4 2,968.1 2,741.7
Selling, general and administrative expenses (420.7) (357.4) (1,199.3) (1,044.1)
Operating income 486.8 534.0 1,768.8 1,697.6
Equity in earnings (losses) of equity method investees and subsidiaries 32.3 27.5 32.9 28.2
Unrealized gain on equity securities 216.8   216.8 0.0
Interest income 0.2 0.3 0.4 1.3
Intercompany interest income 0.0 0.0 0.0 0.0
Interest expense (81.6) (77.9) (245.5) (257.6)
Intercompany interest expense 0.0 0.0 0.0 0.0
Loss on write-off of debt issuance costs (10.3) 0.0 (19.1) 0.0
Income before income taxes 644.2 483.9 1,754.3 1,469.5
(Provision for) benefit from income taxes (149.5) (78.9) (352.3) (392.2)
Net income 494.7 405.0 1,402.0 1,077.3
Net (income) loss attributable to noncontrolling interests (3.6) 0.9 (8.6) 5.8
Net income attributable to CBI 491.1 405.9 1,393.4 1,083.1
Comprehensive income attributable to CBI 369.5 252.3 1,584.2 938.9
Eliminations [Member]        
Condensed Consolidating Statement of Comprehensive Income        
Sales (1,156.0) (1,114.4) (3,698.5) (3,449.8)
Excise taxes 0.0 0.0 0.0 0.0
Net sales (1,156.0) (1,114.4) (3,698.5) (3,449.8)
Cost of product sold 1,155.0 1,106.9 3,710.0 3,439.3
Gross profit (1.0) (7.5) 11.5 (10.5)
Selling, general and administrative expenses 5.1 10.8 10.9 21.5
Operating income 4.1 3.3 22.4 11.0
Equity in earnings (losses) of equity method investees and subsidiaries (647.4) (523.2) (1,841.4) (1,484.6)
Unrealized gain on equity securities 0.0   0.0  
Interest income 0.0 0.0 0.0 0.0
Intercompany interest income (186.4) (160.1) (545.6) (471.2)
Interest expense 0.0 0.0 0.0 0.0
Intercompany interest expense 186.4 160.1 545.6 471.2
Loss on write-off of debt issuance costs 0.0   0.0  
Income before income taxes (643.3) (519.9) (1,819.0) (1,473.6)
(Provision for) benefit from income taxes (2.0) (0.1) (24.8) (4.3)
Net income (645.3) (520.0) (1,843.8) (1,477.9)
Net (income) loss attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to CBI (645.3) (520.0) (1,843.8) (1,477.9)
Comprehensive income attributable to CBI (523.8) (359.6) (2,038.6) (1,325.3)
Parent Company [Member]        
Condensed Consolidating Statement of Comprehensive Income        
Sales 755.9 734.7 2,174.3 2,070.2
Excise taxes (89.2) (89.9) (263.2) (260.0)
Net sales 666.7 644.8 1,911.1 1,810.2
Cost of product sold (537.9) (522.4) (1,524.4) (1,472.9)
Gross profit 128.8 122.4 386.7 337.3
Selling, general and administrative expenses (130.8) (109.8) (347.1) (310.4)
Operating income (2.0) 12.6 39.6 26.9
Equity in earnings (losses) of equity method investees and subsidiaries 550.2 431.2 1,523.5 1,207.6
Unrealized gain on equity securities 0.0   0.0  
Interest income 0.1 0.0 0.1 0.4
Intercompany interest income 60.3 56.2 177.1 170.9
Interest expense (69.5) (61.5) (198.6) (212.6)
Intercompany interest expense (101.4) (80.2) (293.1) (229.2)
Loss on write-off of debt issuance costs 0.0   (7.0)  
Income before income taxes 437.7 358.3 1,241.6 964.0
(Provision for) benefit from income taxes 53.4 47.6 151.8 119.1
Net income 491.1 405.9 1,393.4 1,083.1
Net (income) loss attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to CBI 491.1 405.9 1,393.4 1,083.1
Comprehensive income attributable to CBI 369.5 252.3 1,584.2 938.9
Subsidiary Guarantors [Member]        
Condensed Consolidating Statement of Comprehensive Income        
Sales 1,583.4 1,510.4 5,277.5 4,911.8
Excise taxes (87.1) (73.7) (299.7) (254.0)
Net sales 1,496.3 1,436.7 4,977.8 4,657.8
Cost of product sold (1,111.3) (1,032.5) (3,686.0) (3,398.8)
Gross profit 385.0 404.2 1,291.8 1,259.0
Selling, general and administrative expenses (186.9) (174.7) (661.0) (531.0)
Operating income 198.1 229.5 630.8 728.0
Equity in earnings (losses) of equity method investees and subsidiaries 8.8 3.3 (14.6) (19.9)
Unrealized gain on equity securities 0.0   0.0  
Interest income 0.0 0.0 0.0 0.0
Intercompany interest income 125.2 103.1 365.2 297.7
Interest expense (0.4) (0.4) (0.9) (1.2)
Intercompany interest expense (48.7) (48.2) (147.2) (149.2)
Loss on write-off of debt issuance costs 0.0   0.0  
Income before income taxes 283.0 287.3 833.3 855.4
(Provision for) benefit from income taxes (98.1) (105.1) (291.2) (322.3)
Net income 184.9 182.2 542.1 533.1
Net (income) loss attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to CBI 184.9 182.2 542.1 533.1
Comprehensive income attributable to CBI 186.7 183.0 541.9 533.2
Subsidiary Nonguarantors [Member]        
Condensed Consolidating Statement of Comprehensive Income        
Sales 795.6 862.0 2,638.1 2,736.3
Excise taxes (3.5) (18.6) (9.4) (51.0)
Net sales 792.1 843.4 2,628.7 2,685.3
Cost of product sold (397.4) (471.1) (1,350.6) (1,529.4)
Gross profit 394.7 372.3 1,278.1 1,155.9
Selling, general and administrative expenses (108.1) (83.7) (202.1) (224.2)
Operating income 286.6 288.6 1,076.0 931.7
Equity in earnings (losses) of equity method investees and subsidiaries 120.7 116.2 365.4 325.1
Unrealized gain on equity securities 216.8   216.8  
Interest income 0.1 0.3 0.3 0.9
Intercompany interest income 0.9 0.8 3.3 2.6
Interest expense (11.7) (16.0) (46.0) (43.8)
Intercompany interest expense (36.3) (31.7) (105.3) (92.8)
Loss on write-off of debt issuance costs (10.3)   (12.1)  
Income before income taxes 566.8 358.2 1,498.4 1,123.7
(Provision for) benefit from income taxes (102.8) (21.3) (188.1) (184.7)
Net income 464.0 336.9 1,310.3 939.0
Net (income) loss attributable to noncontrolling interests (3.6) 0.9 (8.6) 5.8
Net income attributable to CBI 460.4 337.8 1,301.7 944.8
Comprehensive income attributable to CBI $ 337.1 $ 176.6 $ 1,496.7 $ 792.1