Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.20.1
Goodwill
 12 Months Ended
Feb. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL 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
0.2

 
(9.5
)
 
(9.3
)
Reclassified to assets held for sale (3)
(4.7
)
 
(304.3
)
 
(309.0
)
Balance, February 29, 2020
$
5,163.4

 
$
2,593.7

 
$
7,757.1


(1) 
Purchase accounting allocations associated primarily with the acquisition of Four Corners (Beer).
(2) 
Preliminary purchase accounting allocations associated primarily with the acquisition of Nelson’s Green Brier (Wine and Spirits).
(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.