Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.21.4
Inventories (Tables)
 9 Months Ended
Nov. 30, 2021
Inventory Disclosure [Abstract]  
Schedule of Components of Inventories Elements of cost include materials, labor, and overhead and consist of the following:
November 30,
2021		 February 28,
2021
(in millions)
Raw materials and supplies $ 157.9  $ 151.1 
In-process inventories 821.7  735.9 
Finished case goods 539.3  404.1 
$ 1,518.9  $ 1,291.1 
We evaluated the carrying value of certain inventories and recognized the following in cost of product sold within our consolidated results of operations:
For the Nine Months
Ended November 30,		 For the Three Months
Ended November 30,
2021 (1)
2020 (2)
2021
2020 (2)
(in millions)
Loss on inventory write-down $ 85.2  $ 38.1  $ 2.6  $ 29.5 
(1)We recognized a loss predominantly from excess inventory of hard seltzers, within the Beer segment, resulting from a slowdown in the overall category which occurred in early Fiscal 2022.
(2)We recognized of a loss primarily in connection with the write-down of certain grapes, within the Wine and Spirits segment, as a result of smoke damage sustained during the 2020 U.S. wildfires.