Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.19.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 28, 2019
Nov. 30, 2018
Aug. 31, 2018
May 31, 2018
Feb. 28, 2018
Nov. 30, 2017
Aug. 31, 2017
May 31, 2017
Feb. 28, 2019
Feb. 28, 2018
Feb. 28, 2017
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 $ 8,884.3 $ 8,322.1 $ 8,051.2
Excise taxes                 (768.3) (741.8) (730.1)
Net sales $ 1,797.2 $ 1,972.6 $ 2,299.1 $ 2,047.1 $ 1,762.0 $ 1,801.9 $ 2,087.9 $ 1,928.5 8,116.0 7,580.3 7,321.1
Cost of product sold                 (4,035.7) (3,767.8) (3,802.1)
Gross profit 893.5 970.0 1,168.2 1,048.6 845.2 910.3 1,068.7 988.3 4,080.3 3,812.5 3,519.0
Selling, general and administrative expenses                 (1,668.1) (1,532.7) (1,392.4)
Operating income                 2,412.2 2,279.8 2,389.0
Equity in earnings (losses) of equity method investees and subsidiaries and related activities                 30.6 34.6 27.3
Unrealized net gain on securities measured at fair value                 1,971.2 464.3 0.0
Net gain on sale of unconsolidated investment                 99.8 0.0 0.0
Interest income                 12.0 2.3 1.8
Intercompany interest income                 0.0 0.0 0.0
Interest expense                 (379.1) (334.3) (335.1)
Intercompany interest expense                 0.0 0.0 0.0
Loss on extinguishment of debt                 (1.7) (97.0) 0.0
Income before income taxes                 4,145.0 2,338.0 2,083.0
(Provision for) benefit from income taxes                 (685.9) (22.7) (550.3)
Net income                 3,459.1 2,315.3 1,532.7
Net income attributable to noncontrolling interests                 (23.2) (11.9) (4.1)
Net income attributable to CBI $ 1,239.5 $ 303.1 $ 1,149.5 $ 743.8 $ 910.5 $ 492.8 $ 501.6 $ 398.5 3,435.9 2,303.4 1,528.6
Comprehensive income attributable to CBI                 3,284.9 2,500.3 1,581.3
Unrealized net gain on securities measured at fair value and related activities                   452.6  
Gain on sale of business                 0.0 0.0 262.4
Eliminations [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 (5,341.5) (4,953.8) (4,560.5)
Excise taxes                 0.0 0.0 0.0
Net sales                 (5,341.5) (4,953.8) (4,560.5)
Cost of product sold                 5,348.6 4,917.7 4,496.1
Gross profit                 7.1 (36.1) (64.4)
Selling, general and administrative expenses                 22.3 16.0 22.8
Operating income                 29.4 (20.1) (41.6)
Equity in earnings (losses) of equity method investees and subsidiaries and related activities                 (4,302.5) (3,014.4) (2,008.1)
Unrealized net gain on securities measured at fair value                 0.0    
Net gain on sale of unconsolidated investment                 0.0    
Interest income                 0.0 0.0 0.0
Intercompany interest income                 (913.1) (736.2) (633.4)
Interest expense                 0.0 0.0 0.0
Intercompany interest expense                 913.1 736.2 633.4
Loss on extinguishment of debt                 0.0 0.0  
Income before income taxes                 (4,273.1) (3,034.5) (2,049.7)
(Provision for) benefit from income taxes                 (4.9) (19.9) 3.5
Net income                 (4,278.0) (3,054.4) (2,046.2)
Net income attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 (4,278.0) (3,054.4) (2,046.2)
Comprehensive income attributable to CBI                 (4,136.1) (3,256.8) (2,068.5)
Unrealized net gain on securities measured at fair value and related activities                   0.0  
Gain on sale of business                     0.0
Parent Company [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 2,996.9 2,953.5 2,824.2
Excise taxes                 (359.3) (353.5) (351.9)
Net sales                 2,637.6 2,600.0 2,472.3
Cost of product sold                 (2,060.3) (2,080.3) (1,974.5)
Gross profit                 577.3 519.7 497.8
Selling, general and administrative expenses                 (548.1) (468.8) (417.2)
Operating income                 29.2 50.9 57.2
Equity in earnings (losses) of equity method investees and subsidiaries and related activities                 3,889.6 2,515.1 1,656.1
Unrealized net gain on securities measured at fair value                 0.0    
Net gain on sale of unconsolidated investment                 0.0    
Interest income                 0.6 0.4 0.4
Intercompany interest income                 259.7 240.9 227.1
Interest expense                 (361.7) (279.1) (280.0)
Intercompany interest expense                 (547.1) (395.3) (311.1)
Loss on extinguishment of debt                 (1.7) (81.8)  
Income before income taxes                 3,268.6 2,051.1 1,349.7
(Provision for) benefit from income taxes                 167.3 252.3 178.9
Net income                 3,435.9 2,303.4 1,528.6
Net income attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 3,435.9 2,303.4 1,528.6
Comprehensive income attributable to CBI                 3,284.9 2,500.3 1,581.3
Unrealized net gain on securities measured at fair value and related activities                   0.0  
Gain on sale of business                     (23.4)
Subsidiary Guarantors [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 7,323.1 6,822.8 6,252.4
Excise taxes                 (396.2) (375.6) (320.8)
Net sales                 6,926.9 6,447.2 5,931.6
Cost of product sold                 (5,399.8) (4,809.5) (4,373.8)
Gross profit                 1,527.1 1,637.7 1,557.8
Selling, general and administrative expenses                 (908.7) (820.0) (707.5)
Operating income                 618.4 817.7 846.0
Equity in earnings (losses) of equity method investees and subsidiaries and related activities                 (39.4) (13.9) (31.1)
Unrealized net gain on securities measured at fair value                 0.0    
Net gain on sale of unconsolidated investment                 0.0    
Interest income                 0.0 0.0 0.0
Intercompany interest income                 647.1 491.1 402.7
Interest expense                 (1.0) (1.1) (1.5)
Intercompany interest expense                 (196.3) (195.6) (197.4)
Loss on extinguishment of debt                 0.0 0.0  
Income before income taxes                 1,028.8 1,098.2 1,018.7
(Provision for) benefit from income taxes                 (250.2) (74.2) (385.1)
Net income                 778.6 1,024.0 633.6
Net income attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 778.6 1,024.0 633.6
Comprehensive income attributable to CBI                 777.7 1,024.4 633.5
Unrealized net gain on securities measured at fair value and related activities                   0.0  
Gain on sale of business                     (4.3)
Subsidiary Nonguarantors [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 3,905.8 3,499.6 3,535.1
Excise taxes                 (12.8) (12.7) (57.4)
Net sales                 3,893.0 3,486.9 3,477.7
Cost of product sold                 (1,924.2) (1,795.7) (1,949.9)
Gross profit                 1,968.8 1,691.2 1,527.8
Selling, general and administrative expenses                 (233.6) (259.9) (290.5)
Operating income                 1,735.2 1,431.3 1,527.4
Equity in earnings (losses) of equity method investees and subsidiaries and related activities                 482.9 547.8 410.4
Unrealized net gain on securities measured at fair value                 1,971.2    
Net gain on sale of unconsolidated investment                 99.8    
Interest income                 11.4 1.9 1.4
Intercompany interest income                 6.3 4.2 3.6
Interest expense                 (16.4) (54.1) (53.6)
Intercompany interest expense                 (169.7) (145.3) (124.9)
Loss on extinguishment of debt                 0.0 (15.2)  
Income before income taxes                 4,120.7 2,223.2 1,764.3
(Provision for) benefit from income taxes                 (598.1) (180.9) (347.6)
Net income                 3,522.6 2,042.3 1,416.7
Net income attributable to noncontrolling interests                 (23.2) (11.9) (4.1)
Net income attributable to CBI                 3,499.4 2,030.4 1,412.6
Comprehensive income attributable to CBI                 $ 3,358.4 2,232.4 1,435.0
Unrealized net gain on securities measured at fair value and related activities                   $ 452.6  
Gain on sale of business                     $ 290.1