Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.19.3
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Aug. 31, 2019
May 31, 2019
Aug. 31, 2018
May 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Condensed Consolidating Statement of Comprehensive Income            
Sales $ 2,573.4   $ 2,525.7   $ 4,855.9 $ 4,755.7
Excise taxes (229.4)   (226.6)   (414.7) (409.5)
Net sales 2,344.0   2,299.1   4,441.2 4,346.2
Cost of product sold (1,158.1)   (1,130.9)   (2,226.6) (2,129.4)
Gross profit 1,185.9   1,168.2   2,214.6 2,216.8
Selling, general, and administrative expenses (466.4)   (403.2)   (872.4) (826.4)
Operating income (loss) 719.5   765.0   1,342.2 1,390.4
Equity in earnings (losses) of equity method investees and subsidiaries (485.6)   (2.1)   (588.6) 2.6
Unrealized net gain (loss) on securities measured at fair value (839.1)   692.1   (1,666.6) 950.4
Net gain (loss) on sale of unconsolidated investment 0.0   (1.6)   (0.1) 99.8
Interest income 4.9   3.1   9.2 3.5
Intercompany interest income 0.0   0.0   0.0 0.0
Interest expense (116.5)   (91.1)   (235.4) (179.3)
Intercompany interest expense 0.0   0.0   0.0 0.0
Loss on extinguishment of debt (2.4)   0.0   (2.4) 0.0
Income (loss) before income taxes (719.2)   1,365.4   (1,141.7) 2,267.4
(Provision for) benefit from income taxes 202.2   (214.1)   387.6 (369.8)
Net income (loss) (517.0) $ (237.1) 1,151.3 $ 746.3 (754.1) 1,897.6
Net income (loss) attributable to noncontrolling interests (8.2)   (1.8)   (16.5) (4.3)
Net income (loss) attributable to CBI (525.2)   1,149.5   (770.6) 1,893.3
Comprehensive income (loss) attributable to CBI (646.3)   1,223.5   (893.3) 1,791.6
Eliminations [Member]            
Condensed Consolidating Statement of Comprehensive Income            
Sales (1,479.7)   (1,392.7)   (2,944.2) (2,734.1)
Excise taxes 0.0   0.0   0.0 0.0
Net sales (1,479.7)   (1,392.7)   (2,944.2) (2,734.1)
Cost of product sold 1,519.5   1,432.0   2,908.4 2,740.7
Gross profit 39.8   39.3   (35.8) 6.6
Selling, general, and administrative expenses 4.9   5.2   9.6 11.5
Operating income (loss) 44.7   44.5   (26.2) 18.1
Equity in earnings (losses) of equity method investees and subsidiaries 266.8   (1,403.4)   299.3 (2,444.0)
Unrealized net gain (loss) on securities measured at fair value 0.0   0.0   0.0 0.0
Net gain (loss) on sale of unconsolidated investment     0.0   0.0 0.0
Interest income 0.0   0.0   0.0 0.0
Intercompany interest income (333.9)   (231.9)   (465.7) (459.2)
Interest expense 0.0   0.0   0.0 0.0
Intercompany interest expense 333.9   231.9   465.7 459.2
Loss on extinguishment of debt 0.0       0.0  
Income (loss) before income taxes 311.5   (1,358.9)   273.1 (2,425.9)
(Provision for) benefit from income taxes (8.8)   (11.5)   4.2 2.0
Net income (loss) 302.7   (1,370.4)   277.3 (2,423.9)
Net income (loss) attributable to noncontrolling interests 0.0   0.0   0.0 0.0
Net income (loss) attributable to CBI 302.7   (1,370.4)   277.3 (2,423.9)
Comprehensive income (loss) attributable to CBI 423.3   (1,445.1)   408.8 (2,321.8)
Parent Company [Member]            
Condensed Consolidating Statement of Comprehensive Income            
Sales 737.5   808.6   1,366.7 1,491.2
Excise taxes (91.5)   (100.9)   (168.4) (179.7)
Net sales 646.0   707.7   1,198.3 1,311.5
Cost of product sold (513.8)   (548.0)   (934.4) (1,034.8)
Gross profit 132.2   159.7   263.9 276.7
Selling, general, and administrative expenses (122.2)   (130.3)   (235.3) (271.6)
Operating income (loss) 10.0   29.4   28.6 5.1
Equity in earnings (losses) of equity method investees and subsidiaries (401.9)   1,235.3   (541.2) 2,145.9
Unrealized net gain (loss) on securities measured at fair value 0.0   0.0   0.0 0.0
Net gain (loss) on sale of unconsolidated investment     0.0   0.0 0.0
Interest income 0.5   0.1   0.5 0.1
Intercompany interest income 70.3   67.7   109.2 135.3
Interest expense (115.9)   (84.3)   (233.9) (164.6)
Intercompany interest expense (130.5)   (137.4)   (219.1) (271.0)
Loss on extinguishment of debt (2.4)       (2.4)  
Income (loss) before income taxes (569.9)   1,110.8   (858.3) 1,850.8
(Provision for) benefit from income taxes 44.7   38.7   87.7 42.5
Net income (loss) (525.2)   1,149.5   (770.6) 1,893.3
Net income (loss) attributable to noncontrolling interests 0.0   0.0   0.0 0.0
Net income (loss) attributable to CBI (525.2)   1,149.5   (770.6) 1,893.3
Comprehensive income (loss) attributable to CBI (646.3)   1,223.5   (893.3) 1,791.6
Subsidiary Guarantors [Member]            
Condensed Consolidating Statement of Comprehensive Income            
Sales 2,194.2   2,112.7   4,126.1 3,993.9
Excise taxes (134.9)   (122.7)   (240.3) (223.6)
Net sales 2,059.3   1,990.0   3,885.8 3,770.3
Cost of product sold (1,606.7)   (1,498.1)   (3,057.4) (2,820.2)
Gross profit 452.6   491.9   828.4 950.1
Selling, general, and administrative expenses (272.1)   (213.4)   (535.8) (452.1)
Operating income (loss) 180.5   278.5   292.6 498.0
Equity in earnings (losses) of equity method investees and subsidiaries 0.2   (13.5)   5.3 (26.0)
Unrealized net gain (loss) on securities measured at fair value 0.0   0.0   0.0 0.0
Net gain (loss) on sale of unconsolidated investment     0.0   0.0 0.0
Interest income 0.3   0.0   0.3 0.0
Intercompany interest income 94.8   162.7   185.7 321.5
Interest expense (0.2)   (0.2)   (0.5) (0.5)
Intercompany interest expense (22.2)   (49.5)   (48.6) (99.0)
Loss on extinguishment of debt 0.0       0.0  
Income (loss) before income taxes 253.4   378.0   434.8 694.0
(Provision for) benefit from income taxes (60.1)   (91.0)   (100.4) (167.9)
Net income (loss) 193.3   287.0   334.4 526.1
Net income (loss) attributable to noncontrolling interests 0.0   0.0   0.0 0.0
Net income (loss) attributable to CBI 193.3   287.0   334.4 526.1
Comprehensive income (loss) attributable to CBI 192.9   287.0   333.7 525.5
Subsidiary Nonguarantors [Member]            
Condensed Consolidating Statement of Comprehensive Income            
Sales 1,121.4   997.1   2,307.3 2,004.7
Excise taxes (3.0)   (3.0)   (6.0) (6.2)
Net sales 1,118.4   994.1   2,301.3 1,998.5
Cost of product sold (557.1)   (516.8)   (1,143.2) (1,015.1)
Gross profit 561.3   477.3   1,158.1 983.4
Selling, general, and administrative expenses (77.0)   (64.7)   (110.9) (114.2)
Operating income (loss) 484.3   412.6   1,047.2 869.2
Equity in earnings (losses) of equity method investees and subsidiaries (350.7)   179.5   (352.0) 326.7
Unrealized net gain (loss) on securities measured at fair value (839.1)   692.1   (1,666.6) 950.4
Net gain (loss) on sale of unconsolidated investment     (1.6)   (0.1) 99.8
Interest income 4.1   3.0   8.4 3.4
Intercompany interest income 168.8   1.5   170.8 2.4
Interest expense (0.4)   (6.6)   (1.0) (14.2)
Intercompany interest expense (181.2)   (45.0)   (198.0) (89.2)
Loss on extinguishment of debt 0.0       0.0  
Income (loss) before income taxes (714.2)   1,235.5   (991.3) 2,148.5
(Provision for) benefit from income taxes 226.4   (150.3)   396.1 (246.4)
Net income (loss) (487.8)   1,085.2   (595.2) 1,902.1
Net income (loss) attributable to noncontrolling interests (8.2)   (1.8)   (16.5) (4.3)
Net income (loss) attributable to CBI (496.0)   1,083.4   (611.7) 1,897.8
Comprehensive income (loss) attributable to CBI $ (616.2)   $ 1,158.1   $ (742.5) $ 1,796.3