Constellation Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Segment Information (Tables)

Business Segment Information (Tables)

12 Months Ended

Feb. 29, 2012

Business Segment Information [Abstract]


	For the Years Ended
	February 29, 2012			February 28, 2011			February 28, 2010
(in millions)
Cost of Product Sold
Flow through of inventory step-up	$	1.6		$	2.4		$	8.4
Accelerated depreciation		0.3			2.2			17.7
Inventory write-downs		—			—			1.6
Other		—			0.1			4.7

Cost of Product Sold		1.9			4.7			32.4

Selling, General and Administrative Expenses
Net gains on acquisition of Ruffino (excluding gain on obligation from put option of Ruffino shareholder) and related activities		(3.8	)		—			—
(Gain) loss on obligation from put option of Ruffino shareholder		(2.5	)		60.0			34.3
Net gains on CWAE Divestiture and related activities		(0.5	)		(83.7	)		—
Other costs		4.3			3.5			31.2

Selling, General and Administrative Expenses		(2.5	)		(20.2	)		65.5
Impairment of Intangible Assets		38.1			23.6			103.2
Restructuring Charges		16.0			23.1			47.6

Restructuring Charges and Unusual Items	$	53.5		$	31.2		$	248.7

Segment information


	For the Years Ended
	February 29, 2012			February 28, 2011			February 28, 2010
(in millions)
CWNA
Net sales	$	2,654.3		$	2,557.3		$	2,434.7
Segment operating income	$	621.9		$	631.0		$	638.0
Equity in earnings of equity method investees	$	13.4		$	12.7		$	11.8
Long-lived assets	$	1,120.9		$	1,101.7		$	1,106.5
Investment in equity method investees	$	71.9		$	79.6		$	75.6
Total assets	$	6,736.3		$	6,623.6		$	6,472.7
Capital expenditures	$	48.1		$	52.1		$	56.6
Depreciation and amortization	$	86.7		$	88.8		$	103.2

CWAE
Net sales	$	—		$	774.7		$	930.1
Segment operating income	$	—		$	9.3		$	16.9
Equity in earnings of equity method investees	$	—		$	5.6		$	5.3
Long-lived assets	$	—		$	—		$	380.2
Investment in equity method investees	$	—		$	—		$	35.7
Total assets	$	—		$	—		$	1,228.4
Capital expenditures	$	—		$	5.3		$	13.4
Depreciation and amortization	$	—		$	26.1		$	39.7

Corporate Operations and Other
Net sales	$	—		$	—		$	—
Segment operating loss	$	(81.9	)	$	(106.6	)	$	(94.7	)
Long-lived assets	$	134.9		$	117.9		$	80.5
Total assets	$	197.2		$	360.7		$	226.0
Capital expenditures	$	20.3		$	31.7		$	37.7
Depreciation and amortization	$	23.6		$	18.9		$	13.0

Crown Imports
Net sales	$	2,469.5		$	2,392.9		$	2,256.2
Segment operating income	$	431.0		$	453.0		$	444.1
Long-lived assets	$	10.0		$	4.8		$	5.0
Total assets	$	409.6		$	419.0		$	368.9
Capital expenditures	$	7.5		$	1.6		$	1.0
Depreciation and amortization	$	2.3		$	1.8		$	1.5

Restructuring Charges and Unusual Items
Operating loss	$	(53.5	)	$	(31.2	)	$	(248.7	)
Equity in losses of equity method investees	$	—		$	(0.6	)	$	(25.4	)

Consolidation and Eliminations
Net sales	$	(2,469.5	)	$	(2,392.9	)	$	(2,256.2	)
Operating income	$	(431.0	)	$	(453.0	)	$	(444.1	)
Equity in earnings of Crown Imports	$	215.1		$	226.1		$	221.9
Long-lived assets	$	(10.0	)	$	(4.8	)	$	(5.0	)
Investment in equity method investees	$	176.4		$	183.3		$	167.2
Total assets	$	(233.2	)	$	(235.7	)	$	(201.7	)
Capital expenditures	$	(7.5	)	$	(1.6	)	$	(1.0	)
Depreciation and amortization	$	(2.3	)	$	(1.8	)	$	(1.5	)

Consolidated
Net sales	$	2,654.3		$	3,332.0		$	3,364.8
Operating income	$	486.5		$	502.5		$	311.5
Equity in earnings of equity method investees	$	228.5		$	243.8		$	213.6
Long-lived assets	$	1,255.8		$	1,219.6		$	1,567.2
Investment in equity method investees	$	248.3		$	262.9		$	278.5
Total assets	$	7,109.9		$	7,167.6		$	8,094.3
Capital expenditures	$	68.4		$	89.1		$	107.7
Depreciation and amortization	$	110.3		$	133.8		$	155.9

Geographic data


	For the Years Ended
	February 29, 2012		February 28, 2011		February 28, 2010
(in millions)
Net Sales
U.S.	$	2,126.5	$	2,087.7	$	2,001.3
Non-U.S.		527.8		1,244.3		1,363.5

Total	$	2,654.3	$	3,332.0	$	3,364.8

Significant non-U.S. revenue sources include:
Canada	$	428.8	$	410.7	$	379.0
New Zealand		80.6		54.7		51.1
Australia		0.5		278.4		294.1
U.K.		—		478.0		611.5
Other		17.9		22.5		27.8

Total	$	527.8	$	1,244.3	$	1,363.5


	February 29, 2012		February 28, 2011
(in millions)
Long-lived assets
U.S.	$	896.0	$	896.3
Non-U.S.		359.8		323.3

Total	$	1,255.8	$	1,219.6

Significant non-U.S. long-lived assets include:
Canada	$	168.3	$	176.2
New Zealand		152.3		144.6
Italy		36.6		—
Other		2.6		2.5

Total	$	359.8	$	323.3

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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