Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.20.2
Stockholders' Equity
 3 Months Ended
May 31, 2020
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Common stock
The number of shares of common stock issued and treasury stock, and associated share activity, are as follows:
Common Stock Treasury Stock
Class A Class B Class 1 Class A Class B
Balance at February 29, 2020 186,090,745    28,300,206    1,692,227    18,256,826    5,005,800   
Conversion of shares 2,532    (2,532)   —    —    —   
Exercise of stock options —    —    2,576    (44,593)   —   
Vesting of restricted stock units (1)
—    —    —    (76,019)   —   
Vesting of performance share units (1)
—    —    —    (17,335)   —   
Balance at May 31, 2020 186,093,277    28,297,674    1,694,803    18,118,879    5,005,800   
Balance at February 28, 2019 185,740,178    28,322,419    1,149,624    18,927,966    5,005,800   
Conversion of shares 133,667    (55)   (133,612)   —    —   
Exercise of stock options —    —    2,107    (173,725)   —   
Vesting of restricted stock units (1)
—    —    —    (88,683)   —   
Vesting of performance share units (1)
—    —    —    (29,015)   —   
Cancellation of restricted shares —    —    —    444    —   
Balance at May 31, 2019 185,873,845    28,322,364    1,018,119    18,636,987    5,005,800   
(1) Net of the following shares withheld to satisfy tax withholding requirements:
For the Three Months Ended
May 31,
2020
Restricted Stock Units 37,506   
Performance Share Units 9,433   
2019
Restricted Stock Units 48,562   
Performance Share Units 17,439   

Stock repurchases
In January 2018, our Board of Directors authorized the repurchase of up to $3.0 billion of our Class A Common Stock and Class B Convertible Common Stock (the “2018 Authorization”). The Board of Directors did not specify a date upon which this authorization would expire. Shares repurchased under the 2018 Authorization have become treasury shares.

As of May 31, 2020, total shares repurchased under the 2018 Authorizations are as follows:
Class A Common Shares
Repurchase
Authorization		 Dollar Value
of Shares
Repurchased		 Number of
Shares
Repurchased
(in millions, except share data)
2018 Authorization $ 3,000.0    $ 1,045.9    4,897,605