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)

9 Months Ended

Nov. 30, 2011

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of goodwill

		$00,000,000			$00,000,000			$00,000,000		$00,000,000			$00,000,000
	Constellation Wines North America (“CWNA”)			Constellation Wines Australia and Europe (“CWAE”)			Crown Imports LLC		Consolidations and 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		(17.6	)		-			-		-			(17.6	)

Balance, November 30, 2011
Goodwill		2,602.2			-			13.0		(13.0	)		2,602.2
Accumulated impairment losses		-			-			-		-			-

	$	2,602.2		$	-		$	13.0	$	(13.0	)	$	2,602.2

Net gain recognized and net cash proceeds received on divestiture of business


(in millions)
Net assets sold	$	(734.1	)
Cash received from buyer, net of cash divested and post-closing adjustments paid		205.8
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		8.0

Net gain on sale		168.1
Loss on settlement of pension obligations		(109.9	)

Net gain	$	58.2

- 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