Quarterly report pursuant to Section 13 or 15(d)

Other Assets

v3.8.0.1
Other Assets
 3 Months Ended
May 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS
OTHER ASSETS:

The major components of other assets are as follows:
 
May 31,
2018
 
February 28,
2018
(in millions)
 
 
 
Deferred income taxes (see Note 2)
$
2,194.4

 
$
—

Investments in equity securities
913.9

 
655.6

Investments in equity method investees
127.2

 
121.5

Other
88.5

 
110.0

 
$
3,324.0

 
$
887.1



Sale of Accolade Wine Investment –
In May 2018, we completed the sale of our remaining interest in our previously-owned Australian and European business ( the “Accolade Wine Investment”) for A$149.1 million, or $113.6 million, subject to closing adjustments. We received cash proceeds, net of direct costs to sell, of $110.2 million and a note receivable of $3.4 million. This interest consisted of an investment accounted for under the cost method and AFS debt securities. We have recognized a net gain of $101.4 million in connection with this transaction for the three months ended May 31, 2018. This net gain is included in income from unconsolidated investments.