Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.19.3.a.u2
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Nov. 30, 2019
Aug. 31, 2019
May 31, 2019
Nov. 30, 2018
Aug. 31, 2018
May 31, 2018
Nov. 30, 2019
Nov. 30, 2018
Condensed Consolidating Statement of Comprehensive Income                
Sales $ 2,181.5     $ 2,160.6     $ 7,037.4 $ 6,916.3
Excise taxes (182.1)     (188.0)     (596.8) (597.5)
Net sales 1,999.4     1,972.6     6,440.6 6,318.8
Cost of product sold (1,011.9)     (1,002.6)     (3,238.5) (3,132.0)
Gross profit 987.5     970.0     3,202.1 3,186.8
Selling, general, and administrative expenses (406.3)     (413.5)     (1,251.7) (1,239.9)
Impairment of assets held for sale (390.0)     0.0     (417.0) 0.0
Gain (loss) on sale of business 76.0     0.0     76.0 0.0
Operating income (loss) 267.2     556.5     1,609.4 1,946.9
Equity in earnings (losses) of equity method investees and subsidiaries and related activities 77.3     29.3     (511.3) 31.9
Unrealized net gain (loss) on securities measured at fair value (534.3)     (163.9)     (2,200.9) 786.5
Net gain (loss) on sale of unconsolidated investment 0.5     0.0     0.4 99.8
Interest income 4.6     4.4     13.8 7.9
Intercompany interest income 0.0     0.0     0.0 0.0
Interest expense (107.7)     (77.2)     (343.1) (256.5)
Intercompany interest expense 0.0     0.0     0.0 0.0
Loss on extinguishment of debt 0.0     (1.7)     (2.4) (1.7)
Income (loss) before income taxes (292.4)     347.4     (1,434.1) 2,614.8
(Provision for) benefit from income taxes 658.9     (35.3)     1,046.5 (405.1)
Net income (loss) 366.5 $ (517.0) $ (237.1) 312.1 $ 1,151.3 $ 746.3 (387.6) 2,209.7
Net income (loss) attributable to noncontrolling interests (6.1)     (9.0)     (22.6) (13.3)
Net income (loss) attributable to CBI 360.4     303.1     (410.2) 2,196.4
Comprehensive income (loss) attributable to CBI 453.2     101.8     (440.1) 1,893.4
Eliminations [Member]                
Condensed Consolidating Statement of Comprehensive Income                
Sales (1,308.0)     (1,262.0)     (4,252.2) (3,996.1)
Excise taxes 0.0     0.0     0.0 0.0
Net sales (1,308.0)     (1,262.0)     (4,252.2) (3,996.1)
Cost of product sold 1,314.5     1,260.9     4,222.9 4,001.6
Gross profit 6.5     (1.1)     (29.3) 5.5
Selling, general, and administrative expenses 6.2     5.6     15.8 17.1
Impairment of assets held for sale 0.0           0.0  
Gain (loss) on sale of business 0.0           0.0  
Operating income (loss) 12.7     4.5     (13.5) 22.6
Equity in earnings (losses) of equity method investees and subsidiaries and related activities (606.6)     (512.6)     (307.3) (2,956.6)
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 (136.7)     (230.1)     (402.2) (689.3)
Interest expense 0.0     0.0     0.0 0.0
Intercompany interest expense 136.7     230.1     402.2 689.3
Loss on extinguishment of debt       0.0     0.0 0.0
Income (loss) before income taxes (593.9)     (508.1)     (320.8) (2,934.0)
(Provision for) benefit from income taxes (0.8)     (3.1)     3.4 (1.1)
Net income (loss) (594.7)     (511.2)     (317.4) (2,935.1)
Net income (loss) attributable to noncontrolling interests 0.0     0.0     0.0 0.0
Net income (loss) attributable to CBI (594.7)     (511.2)     (317.4) (2,935.1)
Comprehensive income (loss) attributable to CBI (687.9)     (309.9)     (279.1) (2,631.7)
Parent Company [Member]                
Condensed Consolidating Statement of Comprehensive Income                
Sales 681.4     772.0     2,048.1 2,263.2
Excise taxes (76.3)     (89.8)     (244.7) (269.5)
Net sales 605.1     682.2     1,803.4 1,993.7
Cost of product sold (475.6)     (530.4)     (1,410.0) (1,565.2)
Gross profit 129.5     151.8     393.4 428.5
Selling, general, and administrative expenses (124.1)     (153.9)     (359.4) (425.5)
Impairment of assets held for sale (21.9)           (21.9)  
Gain (loss) on sale of business 0.0           0.0  
Operating income (loss) (16.5)     (2.1)     12.1 3.0
Equity in earnings (losses) of equity method investees and subsidiaries and related activities 491.5     373.5     (49.7) 2,519.4
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 0.4     0.5     0.9 0.6
Intercompany interest income 34.2     63.1     107.6 198.4
Interest expense (107.3)     (75.6)     (341.2) (240.2)
Intercompany interest expense (97.8)     (140.5)     (281.1) (411.5)
Loss on extinguishment of debt       (1.7)     (2.4) (1.7)
Income (loss) before income taxes 304.5     217.2     (553.8) 2,068.0
(Provision for) benefit from income taxes 55.9     85.9     143.6 128.4
Net income (loss) 360.4     303.1     (410.2) 2,196.4
Net income (loss) attributable to noncontrolling interests 0.0     0.0     0.0 0.0
Net income (loss) attributable to CBI 360.4     303.1     (410.2) 2,196.4
Comprehensive income (loss) attributable to CBI 453.2     101.8     (440.1) 1,893.4
Subsidiary Guarantors [Member]                
Condensed Consolidating Statement of Comprehensive Income                
Sales 1,800.0     1,763.7     5,926.1 5,757.6
Excise taxes (102.5)     (94.9)     (342.8) (318.5)
Net sales 1,697.5     1,668.8     5,583.3 5,439.1
Cost of product sold (1,371.5)     (1,242.6)     (4,428.9) (4,062.8)
Gross profit 326.0     426.2     1,154.4 1,376.3
Selling, general, and administrative expenses (235.9)     (199.4)     (744.7) (651.5)
Impairment of assets held for sale (329.9)           (356.8)  
Gain (loss) on sale of business 26.7           26.7  
Operating income (loss) (213.1)     226.8     79.6 724.8
Equity in earnings (losses) of equity method investees and subsidiaries and related activities 21.2     0.7     26.5 (25.3)
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 0.1     0.0     0.4 0.0
Intercompany interest income 99.3     165.7     285.0 487.2
Interest expense (0.3)     (0.4)     (0.8) (0.9)
Intercompany interest expense (21.8)     (49.2)     (70.4) (148.2)
Loss on extinguishment of debt       0.0     0.0 0.0
Income (loss) before income taxes (114.6)     343.6     320.3 1,037.6
(Provision for) benefit from income taxes 27.5     (80.5)     (72.9) (248.4)
Net income (loss) (87.1)     263.1     247.4 789.2
Net income (loss) attributable to noncontrolling interests 0.0     0.0     0.0 0.0
Net income (loss) attributable to CBI (87.1)     263.1     247.4 789.2
Comprehensive income (loss) attributable to CBI (87.0)     263.1     246.7 788.6
Subsidiary Nonguarantors [Member]                
Condensed Consolidating Statement of Comprehensive Income                
Sales 1,008.1     886.9     3,315.4 2,891.6
Excise taxes (3.3)     (3.3)     (9.3) (9.5)
Net sales 1,004.8     883.6     3,306.1 2,882.1
Cost of product sold (479.3)     (490.5)     (1,622.5) (1,505.6)
Gross profit 525.5     393.1     1,683.6 1,376.5
Selling, general, and administrative expenses (52.5)     (65.8)     (163.4) (180.0)
Impairment of assets held for sale (38.2)           (38.3)  
Gain (loss) on sale of business 49.3           49.3  
Operating income (loss) 484.1     327.3     1,531.2 1,196.5
Equity in earnings (losses) of equity method investees and subsidiaries and related activities 171.2     167.7     (180.8) 494.4
Unrealized net gain (loss) on securities measured at fair value (534.3)     (163.9)     (2,200.9) 786.5
Net gain (loss) on sale of unconsolidated investment 0.5           0.4 99.8
Interest income 4.1     3.9     12.5 7.3
Intercompany interest income 3.2     1.3     9.6 3.7
Interest expense (0.1)     (1.2)     (1.1) (15.4)
Intercompany interest expense (17.1)     (40.4)     (50.7) (129.6)
Loss on extinguishment of debt       0.0     0.0 0.0
Income (loss) before income taxes 111.6     294.7     (879.8) 2,443.2
(Provision for) benefit from income taxes 576.3     (37.6)     972.4 (284.0)
Net income (loss) 687.9     257.1     92.6 2,159.2
Net income (loss) attributable to noncontrolling interests (6.1)     (9.0)     (22.6) (13.3)
Net income (loss) attributable to CBI 681.8     248.1     70.0 2,145.9
Comprehensive income (loss) attributable to CBI $ 774.9     $ 46.8     $ 32.4 $ 1,843.1