Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.19.3.a.u2
Goodwill (Tables)
 9 Months Ended
Nov. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill are as follows:
 
Beer
 
Wine and Spirits
 
Consolidated
(in millions)
 
 
 
 
 
Balance, February 28, 2018
$
5,157.6

 
$
2,925.5

 
$
8,083.1

Purchase accounting allocations (1)
22.3

 
2.7

 
25.0

Foreign currency translation adjustments
(12.0
)
 
(7.3
)
 
(19.3
)
Balance, February 28, 2019
5,167.9

 
2,920.9

 
8,088.8

Purchase accounting allocations (2)
—

 
58.8

 
58.8

Black Velvet Divestiture
—

 
(72.2
)
 
(72.2
)
Foreign currency translation adjustments
(12.2
)
 
(6.7
)
 
(18.9
)
Reclassified to assets held for sale (3)
(4.5
)
 
(280.2
)
 
(284.7
)
Balance, November 30, 2019
$
5,151.2

 
$
2,620.6

 
$
7,771.8


(1) 
Purchase accounting allocations associated primarily with the acquisition of Four Corners (Beer). See defined acquisition term below.
(2) 
Preliminary purchase accounting allocations associated primarily with the acquisition of Nelson’s Green Brier (Wine and Spirits). See defined acquisition term below.
(3) 
Primarily in connection with the New Wine and Spirits Transactions, goodwill associated with the businesses being sold was reclassified to assets held for sale based on the relative fair values of the portion of the business being sold and the remaining wine and spirits and beer portfolios. The relative fair values were determined using the income approach based on assumptions, including projected revenue growth rates, terminal growth rate, and discount rate and other projected financial information.