Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss) Attributable to CBI (Tables)

v3.19.3
Comprehensive Income (Loss) Attributable to CBI (Tables)
 6 Months Ended
Aug. 31, 2019
Equity [Abstract]  
Reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI The reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI is as follows:
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Six Months Ended August 31, 2019
 
 
 
 
 
Net income (loss) attributable to CBI
 
 
 
 
$
(770.6
)
Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gain (loss)
$
(58.2
)
 
$
—

 
(58.2
)
Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
(58.2
)
 
—

 
(58.2
)
Unrealized gain (loss) on cash flow hedges:
 
 
 
 
 
Net derivative gain (loss)
(38.4
)
 
3.8

 
(34.6
)
Reclassification adjustments
(6.0
)
 
(0.6
)
 
(6.6
)
Net gain (loss) recognized in other comprehensive income (loss)
(44.4
)
 
3.2

 
(41.2
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gain (loss)
—

 
—

 
—

Reclassification adjustments
0.1

 
—

 
0.1

Net gain (loss) recognized in other comprehensive income (loss)
0.1

 
—

 
0.1

Share of OCI of equity method investments
 
 
 
 
 
Net gain (loss)
(30.6
)
 
7.2

 
(23.4
)
Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
(30.6
)
 
7.2

 
(23.4
)
Other comprehensive income (loss) attributable to CBI
$
(133.1
)
 
$
10.4

 
(122.7
)
Comprehensive income (loss) attributable to CBI
 
 
 
 
$
(893.3
)
 
 
 
 
 
 
For the Six Months Ended August 31, 2018
 
 
 
 
 
Net income (loss) attributable to CBI
 
 
 
 
$
1,893.3

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gain (loss)
$
(92.5
)
 
$
—

 
(92.5
)
Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
(92.5
)
 
—

 
(92.5
)
Unrealized gain (loss) on cash flow hedges:
 
 
 
 
 
Net derivative gain (loss)
(9.2
)
 
1.0

 
(8.2
)
Reclassification adjustments
(4.7
)
 
1.0

 
(3.7
)
Net gain (loss) recognized in other comprehensive income (loss)
(13.9
)
 
2.0

 
(11.9
)
Unrealized gain (loss) on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gain (loss)
(0.4
)
 
0.1

 
(0.3
)
Reclassification adjustments
1.9

 
0.9

 
2.8

Net gain (loss) recognized in other comprehensive income (loss)
1.5

 
1.0

 
2.5

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gain (loss)
—

 
—

 
—

Reclassification adjustments
0.3

 
(0.1
)
 
0.2

Net gain (loss) recognized in other comprehensive income (loss)
0.3

 
(0.1
)
 
0.2

Other comprehensive income (loss) attributable to CBI
$
(104.6
)
 
$
2.9

 
(101.7
)
Comprehensive income (loss) attributable to CBI
 
 
 
 
$
1,791.6

 
 
 
 
 
 

 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Three Months Ended August 31, 2019
 
 
 
 
 
Net income (loss) attributable to CBI
 
 
 
 
$
(525.2
)
Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gain (loss)
$
(76.5
)
 
$
—

 
(76.5
)
Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
(76.5
)
 
—

 
(76.5
)
Unrealized gain (loss) on cash flow hedges:
 
 
 
 
 
Net derivative gain (loss)
(34.0
)
 
2.1

 
(31.9
)
Reclassification adjustments
(3.7
)
 
—

 
(3.7
)
Net gain (loss) recognized in other comprehensive income (loss)
(37.7
)
 
2.1

 
(35.6
)
Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gain (loss)
(0.1
)
 
—

 
(0.1
)
Reclassification adjustments
0.1

 
—

 
0.1

Net gain (loss) recognized in other comprehensive income (loss)
—

 
—

 
—

Share of OCI of equity method investments
 
 
 
 
 
Net gain (loss)
(11.8
)
 
2.8

 
(9.0
)
Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
(11.8
)
 
2.8

 
(9.0
)
Other comprehensive income (loss) attributable to CBI
$
(126.0
)
 
$
4.9

 
(121.1
)
Comprehensive income (loss) attributable to CBI
 
 
 
 
$
(646.3
)
 
 
 
 
 
 
For the Three Months Ended August 31, 2018
 
 
 
 
 
Net income (loss) attributable to CBI
 
 
 
 
$
1,149.5

Other comprehensive income (loss) attributable to CBI:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gain (loss)
$
39.8

 
$
—

 
39.8

Reclassification adjustments
—

 
—

 
—

Net gain (loss) recognized in other comprehensive income (loss)
39.8

 
—

 
39.8

Unrealized gain (loss) on cash flow hedges:
 
 
 
 
 
Net derivative gain (loss)
49.9

 
(15.6
)
 
34.3

Reclassification adjustments
0.2

 
(0.3
)
 
(0.1
)
Net gain (loss) recognized in other comprehensive income (loss)
50.1

 
(15.9
)
 
34.2

Other comprehensive income (loss) attributable to CBI
$
89.9

 
$
(15.9
)
 
74.0

Comprehensive income (loss) attributable to CBI
 
 
 
 
$
1,223.5



Accumulated other comprehensive income (loss), net of income tax effect
Accumulated other comprehensive income (loss), net of income tax effect, includes the following components:
 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
Gain (Loss)
on Derivative
Instruments
 
Pension/
Postretirement
Adjustments
 
Share of OCI of Equity Method Investments
 
Accumulated
Other
Comprehensive Income
(Loss)
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 28, 2019
$
(406.5
)
 
$
25.1

 
$
(2.1
)
 
$
29.6

 
$
(353.9
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification adjustments
(58.2
)
 
(34.6
)
 
—

 
(23.4
)
 
(116.2
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(6.6
)
 
0.1

 
—

 
(6.5
)
Other comprehensive income (loss)
(58.2
)
 
(41.2
)
 
0.1

 
(23.4
)
 
(122.7
)
Balance, August 31, 2019
$
(464.7
)
 
$
(16.1
)
 
$
(2.0
)
 
$
6.2

 
$
(476.6
)