Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.19.2
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended
May 31, 2019
May 31, 2018
Condensed Consolidating Statement of Comprehensive Income    
Sales $ 2,282.5 $ 2,230.0
Excise taxes (185.3) (182.9)
Net sales 2,097.2 2,047.1
Cost of product sold (1,068.5) (998.5)
Gross profit 1,028.7 1,048.6
Selling, general, and administrative expenses (406.0) (423.2)
Operating income (loss) 622.7 625.4
Equity in earnings (losses) of equity method investees and subsidiaries (103.0) 4.7
Unrealized net gain (loss) on securities measured at fair value (827.5) 258.3
Net gain (loss) on sale of unconsolidated investment (0.1) 101.4
Interest income 4.3 0.4
Intercompany interest income 0.0 0.0
Interest expense (118.9) (88.2)
Intercompany interest expense 0.0 0.0
Income (loss) before income taxes (422.5) 902.0
(Provision for) benefit from income taxes 185.4 (155.7)
Net income (loss) (237.1) 746.3
Net income (loss) attributable to noncontrolling interests (8.3) (2.5)
Net income (loss) attributable to CBI (245.4) 743.8
Comprehensive income (loss) attributable to CBI (247.0) 568.1
Eliminations [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales (1,464.5) (1,341.4)
Excise taxes 0.0 0.0
Net sales (1,464.5) (1,341.4)
Cost of product sold 1,388.9 1,308.7
Gross profit (75.6) (32.7)
Selling, general, and administrative expenses 4.7 6.3
Operating income (loss) (70.9) (26.4)
Equity in earnings (losses) of equity method investees and subsidiaries 32.5 (1,040.6)
Unrealized net gain (loss) on securities measured at fair value 0.0 0.0
Net gain (loss) on sale of unconsolidated investment 0.0 0.0
Interest income 0.0 0.0
Intercompany interest income (131.8) (227.3)
Interest expense 0.0 0.0
Intercompany interest expense 131.8 227.3
Income (loss) before income taxes (38.4) (1,067.0)
(Provision for) benefit from income taxes 13.0 13.5
Net income (loss) (25.4) (1,053.5)
Net income (loss) attributable to noncontrolling interests 0.0 0.0
Net income (loss) attributable to CBI (25.4) (1,053.5)
Comprehensive income (loss) attributable to CBI (14.5) (876.7)
Parent Company [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 629.2 682.6
Excise taxes (76.9) (78.8)
Net sales 552.3 603.8
Cost of product sold (420.6) (486.8)
Gross profit 131.7 117.0
Selling, general, and administrative expenses (113.1) (141.3)
Operating income (loss) 18.6 (24.3)
Equity in earnings (losses) of equity method investees and subsidiaries (139.3) 910.6
Unrealized net gain (loss) on securities measured at fair value 0.0 0.0
Net gain (loss) on sale of unconsolidated investment 0.0 0.0
Interest income 0.0 0.0
Intercompany interest income 38.9 67.6
Interest expense (118.0) (80.3)
Intercompany interest expense (88.6) (133.6)
Income (loss) before income taxes (288.4) 740.0
(Provision for) benefit from income taxes 43.0 3.8
Net income (loss) (245.4) 743.8
Net income (loss) attributable to noncontrolling interests 0.0 0.0
Net income (loss) attributable to CBI (245.4) 743.8
Comprehensive income (loss) attributable to CBI (247.0) 568.1
Subsidiary Guarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 1,931.9 1,881.2
Excise taxes (105.4) (100.9)
Net sales 1,826.5 1,780.3
Cost of product sold (1,450.7) (1,322.1)
Gross profit 375.8 458.2
Selling, general, and administrative expenses (263.7) (238.7)
Operating income (loss) 112.1 219.5
Equity in earnings (losses) of equity method investees and subsidiaries 5.1 (12.5)
Unrealized net gain (loss) on securities measured at fair value 0.0 0.0
Net gain (loss) on sale of unconsolidated investment 0.0 0.0
Interest income 0.0 0.0
Intercompany interest income 90.9 158.8
Interest expense (0.3) (0.3)
Intercompany interest expense (26.4) (49.5)
Income (loss) before income taxes 181.4 316.0
(Provision for) benefit from income taxes (40.3) (76.9)
Net income (loss) 141.1 239.1
Net income (loss) attributable to noncontrolling interests 0.0 0.0
Net income (loss) attributable to CBI 141.1 239.1
Comprehensive income (loss) attributable to CBI 140.8 238.5
Subsidiary Nonguarantors [Member]    
Condensed Consolidating Statement of Comprehensive Income    
Sales 1,185.9 1,007.6
Excise taxes (3.0) (3.2)
Net sales 1,182.9 1,004.4
Cost of product sold (586.1) (498.3)
Gross profit 596.8 506.1
Selling, general, and administrative expenses (33.9) (49.5)
Operating income (loss) 562.9 456.6
Equity in earnings (losses) of equity method investees and subsidiaries (1.3) 147.2
Unrealized net gain (loss) on securities measured at fair value (827.5) 258.3
Net gain (loss) on sale of unconsolidated investment (0.1) 101.4
Interest income 4.3 0.4
Intercompany interest income 2.0 0.9
Interest expense (0.6) (7.6)
Intercompany interest expense (16.8) (44.2)
Income (loss) before income taxes (277.1) 913.0
(Provision for) benefit from income taxes 169.7 (96.1)
Net income (loss) (107.4) 816.9
Net income (loss) attributable to noncontrolling interests (8.3) (2.5)
Net income (loss) attributable to CBI (115.7) 814.4
Comprehensive income (loss) attributable to CBI $ (126.3) $ 638.2