NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI:
The computation of basic and diluted net income per common share is as follows:
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For the Years Ended |
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February 28, 2018 |
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February 28, 2017 |
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February 29, 2016 |
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Common Stock |
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Common Stock |
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Common Stock |
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Class A |
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Class B |
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Class A |
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Class B |
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Class A |
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Class B |
(in millions, except per share data) |
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Net income attributable to CBI allocated – basic |
$ |
2,063.7 |
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$ |
255.2 |
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$ |
1,370.1 |
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$ |
165.0 |
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$ |
940.0 |
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$ |
114.9 |
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Conversion of Class B common shares into Class A common shares |
255.2 |
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— |
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165.0 |
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— |
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114.9 |
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— |
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Effect of stock-based awards on allocated net income |
— |
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(6.3 |
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— |
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(3.1 |
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— |
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(3.1 |
) |
Net income attributable to CBI allocated – diluted |
$ |
2,318.9 |
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$ |
248.9 |
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$ |
1,535.1 |
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$ |
161.9 |
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$ |
1,054.9 |
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$ |
111.8 |
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Weighted average common shares outstanding – basic |
171.457 |
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23.336 |
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175.934 |
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23.353 |
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173.383 |
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23.363 |
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Conversion of Class B common shares into Class A common shares |
23.336 |
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— |
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23.353 |
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— |
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23.363 |
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— |
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Stock-based awards, primarily stock options |
5.952 |
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— |
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4.812 |
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— |
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7.075 |
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— |
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Weighted average common shares outstanding – diluted |
200.745 |
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23.336 |
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204.099 |
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23.353 |
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203.821 |
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23.363 |
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Net income per common share attributable to CBI – basic |
$ |
12.04 |
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$ |
10.93 |
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$ |
7.79 |
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$ |
7.07 |
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$ |
5.42 |
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$ |
4.92 |
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Net income per common share attributable to CBI – diluted |
$ |
11.55 |
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$ |
10.66 |
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$ |
7.52 |
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$ |
6.93 |
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$ |
5.18 |
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$ |
4.79 |
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