Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI

v3.8.0.1
Comprehensive Income Attributable to CBI
 3 Months Ended
May 31, 2018
Equity [Abstract]  
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI:

Comprehensive income consists of net income, foreign currency translation adjustments, net unrealized gains (losses) on derivative instruments, net unrealized gains (losses) on AFS debt securities and pension/postretirement adjustments. 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 Three Months Ended May 31, 2018
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
743.8

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(132.3
)
 
$
—

 
(132.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(132.3
)
 
—

 
(132.3
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(58.2
)
 
16.3

 
(41.9
)
Reclassification adjustments
(5.8
)
 
1.6

 
(4.2
)
Net loss recognized in other comprehensive loss
(64.0
)
 
17.9

 
(46.1
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.4
)
 
0.1

 
(0.3
)
Reclassification adjustments
1.9

 
0.9

 
2.8

Net gain recognized in other comprehensive loss
1.5

 
1.0

 
2.5

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
—

 
—

 
—

Reclassification adjustments
0.3

 
(0.1
)
 
0.2

Net gain recognized in other comprehensive loss
0.3

 
(0.1
)
 
0.2

Other comprehensive loss attributable to CBI
$
(194.5
)
 
$
18.8

 
(175.7
)
Comprehensive income attributable to CBI
 
 
 
 
$
568.1

 
 
 
 
 
 
For the Three Months Ended May 31, 2017
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
398.5

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
148.7

 
$
(0.2
)
 
148.5

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
148.7

 
(0.2
)
 
148.5

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
51.9

 
(15.3
)
 
36.6

Reclassification adjustments
3.8

 
(1.2
)
 
2.6

Net gain recognized in other comprehensive income
55.7

 
(16.5
)
 
39.2

Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.3
)
 
—

 
(0.3
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive income
(0.3
)
 
—

 
(0.3
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
—

 
—

 
—

Reclassification adjustments
0.1

 
—

 
0.1

Net gain recognized in other comprehensive income
0.1

 
—

 
0.1

Other comprehensive income attributable to CBI
$
204.2

 
$
(16.7
)
 
187.5

Comprehensive income attributable to CBI
 
 
 
 
$
586.0



Accumulated other comprehensive 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
Loss
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2018
$
(212.3
)
 
$
14.5

 
$
(2.5
)
 
$
(2.6
)
 
$
(202.9
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive loss before reclassification adjustments
(132.3
)
 
(41.9
)
 
(0.3
)
 
—

 
(174.5
)
Amounts reclassified from accumulated other comprehensive loss
—

 
(4.2
)
 
2.8

 
0.2

 
(1.2
)
Other comprehensive income (loss)
(132.3
)
 
(46.1
)
 
2.5

 
0.2

 
(175.7
)
Balance, May 31, 2018
$
(344.6
)
 
$
(31.6
)
 
$
—

 
$
(2.4
)
 
$
(378.6
)