Annual report pursuant to Section 13 and 15(d)


12 Months Ended
Feb. 28, 2022
Inventory Disclosure [Abstract]  
The components of inventories are as follows:
February 28,
February 28,
(in millions)
Raw materials and supplies $ 185.3  $ 151.1 
In-process inventories 804.8  735.9 
Finished case goods 583.1  404.1 
$ 1,573.2  $ 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 Years Ended
February 28, 2022 (1)
February 28, 2021 (2)
February 29, 2020 (3)
(in millions)
Loss on inventory write-down $ 87.7  $ 100.7  $ 124.4 
(1)We recognized a loss predominantly from excess inventory of hard seltzers, within the Beer segment, largely resulting from a slowdown in the overall category which occurred in early Fiscal 2022.
(2)We recognized 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.
(3)We recognized a loss primarily in connection with restructuring and business development costs resulting from our business transformation strategy which aligned our portfolio with consumer-led premiumization trends within the Wine and Spirits segment.