Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income Attributable to CBI

v3.10.0.1
Comprehensive Income Attributable to CBI
 9 Months Ended
Nov. 30, 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 Nine Months Ended November 30, 2018
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
2,196.4

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(248.4
)
 
$
—

 
(248.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(248.4
)
 
—

 
(248.4
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(61.7
)
 
8.1

 
(53.6
)
Reclassification adjustments
(5.0
)
 
1.2

 
(3.8
)
Net loss recognized in other comprehensive loss
(66.7
)
 
9.3

 
(57.4
)
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
0.2

 
(0.1
)
 
0.1

Reclassification adjustments
0.3

 
(0.1
)
 
0.2

Net gain recognized in other comprehensive loss
0.5

 
(0.2
)
 
0.3

Other comprehensive loss attributable to CBI
$
(313.1
)
 
$
10.1

 
(303.0
)
Comprehensive income attributable to CBI
 
 
 
 
$
1,893.4

 
 
 
 
 
 
For the Nine Months Ended November 30, 2017
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
1,392.9

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
154.4

 
$
(0.1
)
 
154.3

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive income
154.4

 
(0.1
)
 
154.3

Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative gains
55.6

 
(16.7
)
 
38.9

Reclassification adjustments
(2.4
)
 
0.4

 
(2.0
)
Net gain recognized in other comprehensive income
53.2

 
(16.3
)
 
36.9

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

 
(0.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive income
(0.4
)
 
—

 
(0.4
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive income
—

 
—

 
—

Other comprehensive income attributable to CBI
$
207.2

 
$
(16.4
)
 
190.8

Comprehensive income attributable to CBI
 
 
 
 
$
1,583.7

 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended November 30, 2018
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
303.1

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(155.9
)
 
$
—

 
(155.9
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(155.9
)
 
—

 
(155.9
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(52.5
)
 
7.1

 
(45.4
)
Reclassification adjustments
(0.3
)
 
0.2

 
(0.1
)
Net loss recognized in other comprehensive loss
(52.8
)
 
7.3

 
(45.5
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
0.2

 
(0.1
)
 
0.1

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.2

 
(0.1
)
 
0.1

Other comprehensive loss attributable to CBI
$
(208.5
)
 
$
7.2

 
(201.3
)
Comprehensive income attributable to CBI
 
 
 
 
$
101.8

 
 
 
 
 
 
For the Three Months Ended November 30, 2017
 
 
 
 
 
Net income attributable to CBI
 
 
 
 
$
492.8

Other comprehensive loss attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(99.1
)
 
$
0.9

 
(98.2
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(99.1
)
 
0.9

 
(98.2
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(27.4
)
 
7.0

 
(20.4
)
Reclassification adjustments
(3.1
)
 
0.7

 
(2.4
)
Net loss recognized in other comprehensive loss
(30.5
)
 
7.7

 
(22.8
)
Unrealized loss on AFS debt securities:
 
 
 
 
 
Net AFS debt securities losses
(0.8
)
 
0.2

 
(0.6
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(0.8
)
 
0.2

 
(0.6
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
—

 
(0.1
)
 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net loss recognized in other comprehensive loss
0.1

 
(0.1
)
 
—

Other comprehensive loss attributable to CBI
$
(130.3
)
 
$
8.7

 
(121.6
)
Comprehensive income attributable to CBI
 
 
 
 
$
371.2



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 income (loss) before reclassification adjustments
(248.4
)
 
(53.6
)
 
(0.3
)
 
0.1

 
(302.2
)
Amounts reclassified from accumulated other comprehensive loss
—

 
(3.8
)
 
2.8

 
0.2

 
(0.8
)
Other comprehensive income (loss)
(248.4
)
 
(57.4
)
 
2.5

 
0.3

 
(303.0
)
Balance, November 30, 2018
$
(460.7
)
 
$
(42.9
)
 
$
—

 
$
(2.3
)
 
$
(505.9
)