Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information (Details 2)

v3.19.1
Condensed Consolidating Financial Information (Details 2) - USD ($)
$ in Millions
12 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Feb. 28, 2017
Condensed Consolidating Statement of Cash Flows      
Net cash provided by (used in) operating activities $ 2,246.3 $ 1,931.4 $ 1,696.0
Cash flows from investing activities:      
Investments in equity method investees and securities (4,081.5) (210.9) (17.1)
Purchases of property, plant and equipment (886.3) (1,057.6) (907.4)
Purchases of businesses, net of cash acquired (45.6) (150.1) (1,111.0)
Proceeds from sale of unconsolidated investment 110.2 0.0 0.0
Proceeds from sales of assets 72.3 5.9 2.1
Net proceeds from intercompany notes 0.0 0.0 0.0
Net returns of capital from (investment in) equity affiliates 0.0 0.0 0.0
Other investing activities (0.9) (5.4) (3.7)
Net cash used in investing activities (4,831.8) (1,423.1) (1,461.8)
Proceeds from (payments related to) sale of business 0.0 (5.0) 575.3
Cash flows from financing activities:      
Dividends paid to parent company 0.0 0.0 0.0
Net contributions from (returns of capital to) equity affiliates 0.0 0.0 0.0
Net proceeds from (repayments of) intercompany notes 0.0 0.0 0.0
Proceeds from issuance of long-term debt 3,657.6 7,933.4 1,965.6
Proceeds from shares issued under equity compensation plans 63.2 49.4 59.7
Net proceeds from (repayments of) short-term borrowings 45.5 137.2 197.1
Dividends paid (557.7) (400.1) (315.1)
Purchases of treasury stock (504.3) (1,038.5) (1,122.7)
Principal payments of long-term debt (62.8) (7,128.7) (971.8)
Payments of debt issuance, debt extinguishment and other financing costs (34.6) (122.2) (14.1)
Payments of minimum tax withholdings on stock-based payment awards (13.6) (31.7) (64.9)
Net cash provided by (used in) financing activities 2,593.3 (601.2) (134.8)
Excess tax benefits from stock-based payment awards 0.0 0.0 131.4
Effect of exchange rate changes on cash and cash equivalents (4.5) 5.8 (5.1)
Net increase (decrease) in cash and cash equivalents 3.3 (87.1) 94.3
Cash and cash equivalents, beginning of year 90.3 177.4 83.1
Cash and cash equivalents, end of year 93.6 90.3 177.4
Eliminations [Member]      
Condensed Consolidating Statement of Cash Flows      
Net cash provided by (used in) operating activities (157.0) 0.0 (655.4)
Cash flows from investing activities:      
Investments in equity method investees and securities 0.0 0.0 0.0
Purchases of property, plant and equipment 0.0 0.0 0.0
Purchases of businesses, net of cash acquired 0.0 0.0 0.0
Proceeds from sale of unconsolidated investment 0.0    
Proceeds from sales of assets 0.0 0.0 0.0
Net proceeds from intercompany notes (525.1) (269.6) (422.0)
Net returns of capital from (investment in) equity affiliates 3,938.9 1,355.0 (470.7)
Other investing activities 0.0 0.0 0.0
Net cash used in investing activities 3,413.8 1,085.4 (892.7)
Proceeds from (payments related to) sale of business   0.0 0.0
Cash flows from financing activities:      
Dividends paid to parent company 209.5 70.0 868.7
Net contributions from (returns of capital to) equity affiliates (3,991.4) (1,425.0) 257.4
Net proceeds from (repayments of) intercompany notes 525.1 269.6 422.0
Proceeds from issuance of long-term debt 0.0 0.0 0.0
Proceeds from shares issued under equity compensation plans 0.0 0.0 0.0
Net proceeds from (repayments of) short-term borrowings 0.0 0.0 0.0
Dividends paid 0.0 0.0 0.0
Purchases of treasury stock 0.0 0.0 0.0
Principal payments of long-term debt 0.0 0.0 0.0
Payments of debt issuance, debt extinguishment and other financing costs 0.0 0.0 0.0
Payments of minimum tax withholdings on stock-based payment awards 0.0 0.0 0.0
Net cash provided by (used in) financing activities (3,256.8) (1,085.4) 1,548.1
Excess tax benefits from stock-based payment awards     0.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net increase (decrease) in cash and cash equivalents 0.0 0.0 0.0
Cash and cash equivalents, beginning of year 0.0 0.0 0.0
Cash and cash equivalents, end of year 0.0 0.0 0.0
Parent Company [Member]      
Condensed Consolidating Statement of Cash Flows      
Net cash provided by (used in) operating activities 169.8 (374.5) 341.4
Cash flows from investing activities:      
Investments in equity method investees and securities 0.0 0.0 0.0
Purchases of property, plant and equipment (34.4) (21.3) (12.8)
Purchases of businesses, net of cash acquired 0.0 0.0 0.0
Proceeds from sale of unconsolidated investment 0.0    
Proceeds from sales of assets 0.6 0.1 0.7
Net proceeds from intercompany notes 525.1 265.8 422.0
Net returns of capital from (investment in) equity affiliates (3,927.8) (1,355.0) 470.7
Other investing activities 0.0 (6.2) 0.0
Net cash used in investing activities (3,436.5) (1,116.6) 870.7
Proceeds from (payments related to) sale of business   0.0 (9.9)
Cash flows from financing activities:      
Dividends paid to parent company 0.0 0.0 0.0
Net contributions from (returns of capital to) equity affiliates 0.0 0.0 0.0
Net proceeds from (repayments of) intercompany notes 214.9 (211.0) (20.2)
Proceeds from issuance of long-term debt 3,645.6 5,886.4 600.0
Proceeds from shares issued under equity compensation plans 63.2 49.4 59.7
Net proceeds from (repayments of) short-term borrowings 465.6 33.3 231.0
Dividends paid (557.7) (400.1) (315.1)
Purchases of treasury stock (504.3) (1,038.5) (1,122.7)
Principal payments of long-term debt (19.6) (2,717.8) (767.6)
Payments of debt issuance, debt extinguishment and other financing costs (34.6) (115.6) (5.0)
Payments of minimum tax withholdings on stock-based payment awards 0.0 0.0 0.0
Net cash provided by (used in) financing activities 3,273.1 1,486.1 (1,208.5)
Excess tax benefits from stock-based payment awards     131.4
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net increase (decrease) in cash and cash equivalents 6.4 (5.0) 3.6
Cash and cash equivalents, beginning of year 4.6 9.6 6.0
Cash and cash equivalents, end of year 11.0 4.6 9.6
Subsidiaries Guarantors [Member]      
Condensed Consolidating Statement of Cash Flows      
Net cash provided by (used in) operating activities 353.1 1,288.2 1,051.5
Cash flows from investing activities:      
Investments in equity method investees and securities (0.1) (0.1) (0.1)
Purchases of property, plant and equipment (104.2) (128.3) (89.8)
Purchases of businesses, net of cash acquired (19.5) (70.9) 0.0
Proceeds from sale of unconsolidated investment 0.0    
Proceeds from sales of assets 41.1 0.0 0.0
Net proceeds from intercompany notes 0.0 0.0 0.0
Net returns of capital from (investment in) equity affiliates (11.1) 0.0 0.0
Other investing activities 0.0 0.0 0.0
Net cash used in investing activities (93.8) (199.3) (89.9)
Proceeds from (payments related to) sale of business   0.0 0.0
Cash flows from financing activities:      
Dividends paid to parent company 0.0 0.0 0.0
Net contributions from (returns of capital to) equity affiliates 25.8 0.9 (22.0)
Net proceeds from (repayments of) intercompany notes (256.9) (1,041.1) (855.4)
Proceeds from issuance of long-term debt 0.0 0.0 0.0
Proceeds from shares issued under equity compensation plans 0.0 0.0 0.0
Net proceeds from (repayments of) short-term borrowings 0.0 0.0 0.0
Dividends paid 0.0 0.0 0.0
Purchases of treasury stock 0.0 0.0 0.0
Principal payments of long-term debt (17.2) (19.1) (20.6)
Payments of debt issuance, debt extinguishment and other financing costs 0.0 0.0 0.0
Payments of minimum tax withholdings on stock-based payment awards (12.8) (30.5) (61.9)
Net cash provided by (used in) financing activities (261.1) (1,089.8) (959.9)
Excess tax benefits from stock-based payment awards     0.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net increase (decrease) in cash and cash equivalents (1.8) (0.9) 1.7
Cash and cash equivalents, beginning of year 4.4 5.3 3.6
Cash and cash equivalents, end of year 2.6 4.4 5.3
Subsidiary Nonguarantors [Member]      
Condensed Consolidating Statement of Cash Flows      
Net cash provided by (used in) operating activities 1,880.4 1,017.7 958.5
Cash flows from investing activities:      
Investments in equity method investees and securities (4,081.4) (210.8) (17.0)
Purchases of property, plant and equipment (747.7) (908.0) (804.8)
Purchases of businesses, net of cash acquired (26.1) (79.2) (1,111.0)
Proceeds from sale of unconsolidated investment 110.2    
Proceeds from sales of assets 30.6 5.8 1.4
Net proceeds from intercompany notes 0.0 3.8 0.0
Net returns of capital from (investment in) equity affiliates 0.0 0.0 0.0
Other investing activities (0.9) 0.8 (3.7)
Net cash used in investing activities (4,715.3) (1,192.6) (1,349.9)
Proceeds from (payments related to) sale of business   (5.0) 585.2
Cash flows from financing activities:      
Dividends paid to parent company (209.5) (70.0) (868.7)
Net contributions from (returns of capital to) equity affiliates 3,965.6 1,424.1 (235.4)
Net proceeds from (repayments of) intercompany notes (483.1) 982.5 453.6
Proceeds from issuance of long-term debt 12.0 2,047.0 1,365.6
Proceeds from shares issued under equity compensation plans 0.0 0.0 0.0
Net proceeds from (repayments of) short-term borrowings (420.1) 103.9 (33.9)
Dividends paid 0.0 0.0 0.0
Purchases of treasury stock 0.0 0.0 0.0
Principal payments of long-term debt (26.0) (4,391.8) (183.6)
Payments of debt issuance, debt extinguishment and other financing costs 0.0 (6.6) (9.1)
Payments of minimum tax withholdings on stock-based payment awards (0.8) (1.2) (3.0)
Net cash provided by (used in) financing activities 2,838.1 87.9 485.5
Excess tax benefits from stock-based payment awards     0.0
Effect of exchange rate changes on cash and cash equivalents (4.5) 5.8 (5.1)
Net increase (decrease) in cash and cash equivalents (1.3) (81.2) 89.0
Cash and cash equivalents, beginning of year 81.3 162.5 73.5
Cash and cash equivalents, end of year $ 80.0 $ 81.3 $ 162.5