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

Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss) (Tables)

Comprehensive Income (Loss) (Tables)

9 Months Ended

Nov. 30, 2011

Stockholders' Equity and Comprehensive Income (Loss) [Abstract]

Reconciliation of net income to comprehensive income (loss)


	Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
(in millions)
For the Nine Months Ended November 30, 2011
Net income							$	342.0
Other comprehensive (loss) income:
Foreign currency translation adjustments:
Net losses	$	(46.1	)	$	1.0			(45.1	)
Reclassification adjustments		6.3			-			6.3

Net loss recognized in other comprehensive income		(39.8	)		1.0			(38.8	)
Unrealized loss on cash flow hedges:
Net derivative losses		(28.4	)		12.6			(15.8	)
Reclassification adjustments		(6.2	)		0.8			(5.4	)

Net loss recognized in other comprehensive income		(34.6	)		13.4			(21.2	)
Unrealized loss on AFS debt securities:
Net AFS debt securities gains		1.5			-			1.5
Reclassification adjustments		(3.2	)		-			(3.2	)

Net loss recognized in other comprehensive income		(1.7	)		-			(1.7	)
Pension/postretirement adjustments:
Net gains arising during the period		0.6			(0.2	)		0.4
Reclassification adjustments		0.3			-			0.3

Net gain recognized in other comprehensive income		0.9			(0.2	)		0.7

Other comprehensive loss	$	(75.2	)	$	14.2			(61.0	)

Total comprehensive income							$	281.0


For the Nine Months Ended November 30, 2010
Net income							$	279.7
Other comprehensive income (loss):
Foreign currency translation adjustments:
Net gains	$	100.2		$	(7.3	)		92.9
Reclassification adjustments		-			-			-

Net gain recognized in other comprehensive income		100.2			(7.3	)		92.9
Unrealized loss on cash flow hedges:
Net derivative losses		(3.7	)		0.3			(3.4	)
Reclassification adjustments		(19.9	)		5.0			(14.9	)

Net loss recognized in other comprehensive income		(23.6	)		5.3			(18.3	)
Pension/postretirement adjustments:
Net losses arising during the period		(3.1	)		1.9			(1.2	)
Reclassification adjustments		7.4			(2.1	)		5.3

Net gain recognized in other comprehensive income		4.3			(0.2	)		4.1

Other comprehensive income	$	80.9		$	(2.2	)		78.7

Total comprehensive income							$	358.4

		$000,000,000			$000,000,000			$000,000,000
	Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
(in millions)
For the Three Months Ended November 30, 2011
Net income							$	104.8
Other comprehensive (loss) income:
Foreign currency translation adjustments:
Net losses	$	(88.1	)	$	1.5			(86.6	)
Reclassification adjustments		6.3			-			6.3

Net loss recognized in other comprehensive income		(81.8	)		1.5			(80.3	)
Unrealized loss on cash flow hedges:
Net derivative losses		(8.8	)		2.4			(6.4	)
Reclassification adjustments		(1.1	)		(0.2	)		(1.3	)

Net loss recognized in other comprehensive income		(9.9	)		2.2			(7.7	)
Unrealized loss on AFS debt securities:
Net AFS debt securities gains		1.7			-			1.7
Reclassification adjustments		(3.2	)		-			(3.2	)

Net loss recognized in other comprehensive income		(1.5	)		-			(1.5	)
Pension/postretirement adjustments:
Net gains arising during the period		0.6			(0.2	)		0.4
Reclassification adjustments		0.1			-			0.1

Net gain recognized in other comprehensive income		0.7			(0.2	)		0.5

Other comprehensive loss	$	(92.5	)	$	3.5			(89.0	)

Total comprehensive income							$	15.8


For the Three Months Ended November 30, 2010
Net income							$	139.3
Other comprehensive income (loss):
Foreign currency translation adjustments:
Net gains	$	114.5		$	(5.7	)		108.8
Reclassification adjustments		-			-			-

Net gain recognized in other comprehensive income		114.5			(5.7	)		108.8
Unrealized gain on cash flow hedges:
Net derivative gains		15.4			(4.8	)		10.6
Reclassification adjustments		(6.6	)		1.6			(5.0	)

Net gain recognized in other comprehensive income		8.8			(3.2	)		5.6
Pension/postretirement adjustments:
Net losses arising during the period		(2.4	)		1.5			(0.9	)
Reclassification adjustments		2.5			(0.7	)		1.8

Net gain recognized in other comprehensive income		0.1			0.8			0.9

Other comprehensive income	$	123.4		$	(8.1	)		115.3

Total comprehensive income							$	254.6

Accumulated other comprehensive income, net of income tax effect

		$000,000,000			$000,000,000			$000,000,000			$000,000,000			$000,000,000
	Foreign Currency Translation Adjustments			Net Unrealized Gains (Losses) on Derivatives			Net Unrealized Gains (Losses) on AFS Debt Securities			Pension/ Postretirement Adjustments			Accumulated Other Comprehensive Income
(in millions)
Balance, February 28, 2011	$	193.2		$	4.2		$	0.8		$	(9.4	)	$	188.8
Current period change		(38.8	)		(21.2	)		(1.7	)		0.7			(61.0	)

Balance, November 30, 2011	$	154.4		$	(17.0	)	$	(0.9	)	$	(8.7	)	$	127.8

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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