Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.10.0.1
Inventories
 6 Months Ended
Aug. 31, 2018
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES:

Inventories are stated at the lower of cost (primarily computed in accordance with the first-in, first-out method) or net realizable value. Elements of cost include materials, labor and overhead and consist of the following:
 
August 31,
2018
 
February 28,
2018
(in millions)
 
 
 
Raw materials and supplies
$
139.4

 
$
160.8

In-process inventories
1,256.6

 
1,382.8

Finished case goods
545.9

 
540.4

 
$
1,941.9

 
$
2,084.0



Related party transactions and arrangements –
We have an equally-owned glass production plant joint venture with Owens-Illinois. We have entered into various contractual arrangements with affiliates of Owens-Illinois primarily for the purchase of glass bottles used largely in our imported and craft beer portfolios. Amounts purchased under these arrangements were $123.7 million and $199.1 million for the six months ended August 31, 2018, and August 31, 2017, respectively, and $54.7 million and $101.9 million for the three months ended August 31, 2018, and August 31, 2017, respectively.