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

Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

Business Segment Information (Tables)

3 Months Ended

May 31, 2012

For the three months ended May 31, 2012, and May 31, 2011, restructuring charges and unusual items included in operating income consist of:



	For the Three Months Ended May 31,
	2012		2011
(in millions)
Cost of Product Sold:
Flow through of inventory step-up	$	0.8	$	—
Accelerated depreciation	—		0.2
Cost of Product Sold	0.8		0.2

Selling, General and Administrative Expenses:
Net foreign currency loss on contractual obligation from put option of Ruffino shareholder	—		2.2
Net gains on CWAE Divestiture and related activities	—		(0.8		)
Other costs	2.2		1.1
Selling, General and Administrative Expenses	2.2		2.5

Restructuring Charges	0.5		11.1

Restructuring Charges and Unusual Items	$	3.5	$	13.8

Segment information

Segment information is as follows:



	For the Three Months Ended May 31,
	2012			2011
(in millions)
Constellation Wines and Spirits:
Net sales	$	634.8		$	635.3
Segment operating income	$	133.0		$	136.6
Equity in (losses) earnings of equity method investees	$	(0.3	)	$	2.4
Long-lived tangible assets	$	1,083.8		$	1,106.1
Investment in equity method investees	$	70.9		$	82.0
Total assets	$	6,577.7		$	6,668.5
Capital expenditures	$	15.8		$	13.7
Depreciation and amortization	$	22.5		$	21.2

Corporate Operations and Other:
Net sales	$	—		$	—
Segment operating loss	$	(23.4	)	$	(21.1	)
Long-lived tangible assets	$	135.3		$	124.6
Total assets	$	225.5		$	223.2
Capital expenditures	$	3.8		$	7.3
Depreciation and amortization	$	7.0		$	5.7

Crown Imports:
Net sales	$	724.1		$	677.5
Segment operating income	$	123.0		$	119.8
Long-lived tangible assets	$	9.6		$	5.2
Total assets	$	509.4		$	466.7
Capital expenditures	$	0.3		$	0.9
Depreciation and amortization	$	0.7		$	0.5

Restructuring Charges and Unusual Items:
Operating loss	$	(3.5	)	$	(13.8	)

Consolidation and Eliminations:
Net sales	$	(724.1	)	$	(677.5	)
Operating income	$	(123.0	)	$	(119.8	)
Equity in earnings of Crown Imports	$	60.9		$	59.8
Long-lived tangible assets	$	(9.6	)	$	(5.2	)
Investment in equity method investees	$	205.0		$	183.7
Total assets	$	(304.4	)	$	(283.0	)
Capital expenditures	$	(0.3	)	$	(0.9	)
Depreciation and amortization	$	(0.7	)	$	(0.5	)



	For the Three Months Ended May 31,
	2012		2011
(in millions)
Consolidated:
Net sales	$	634.8	$	635.3
Operating income	$	106.1	$	101.7
Equity in earnings of equity method investees	$	60.6	$	62.2
Long-lived tangible assets	$	1,219.1	$	1,230.7
Investment in equity method investees	$	275.9	$	265.7
Total assets	$	7,008.2	$	7,075.4
Capital expenditures	$	19.6	$	21.0
Depreciation and amortization	$	29.5	$	26.9

- 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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