Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

Goodwill (Tables)

6 Months Ended

Aug. 31, 2011

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of goodwill


	Constellation		Constellation
	Wines		Wines
	North		Australia and			Crown		Consolidations
	America		Europe			Imports		and
	(“CWNA”)		(“CWAE”)			LLC		Eliminations			Consolidated
(in millions)
Balance, February 28, 2010
Goodwill	$	2,570.6	$	852.6		$	13.0	$	(13.0	)	$	3,423.2
Accumulated impairment losses		-		(852.6	)		-		-			(852.6	)

		2,570.6		-			13.0		(13.0	)		2,570.6
Foreign currency translation adjustments		49.2		-			-		-			49.2
Divestiture of business
Goodwill		-		(852.6	)		-		-			(852.6	)
Accumulated impairment losses		-		852.6			-		-			852.6

Balance, February 28, 2011
Goodwill		2,619.8		-			13.0		(13.0	)		2,619.8
Accumulated impairment losses		-		-			-		-			-

		2,619.8		-			13.0		(13.0	)		2,619.8
Foreign currency translation adjustments		12.9		-			-		-			12.9

Balance, August 31, 2011
Goodwill		2,632.7		-			13.0		(13.0	)		2,632.7
Accumulated impairment losses		-		-			-		-			-

	$	2,632.7	$	-		$	13.0	$	(13.0	)	$	2,632.7

Net gain recognized net cash proceeds


(in millions)
Net assets sold	$	(734.1	)
Cash received from buyer, net of cash divested and post-closing adjustments paid		203.7
Retained interest in Accolade		48.2
Foreign currency reclassification		678.8
Indemnification liabilities (see Note 12)		(25.4	)
Direct costs to sell, paid and accrued		(13.2	)
Other		7.9

Net gain on sale		165.9
Loss on settlement of pension		(109.9	)

Net gain	$	56.0

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details