|12 Months Ended|
Feb. 28, 2022
|Inventory Disclosure [Abstract]|
|Components of inventories||
The components of inventories are as follows:
We evaluated the carrying value of certain inventories and recognized the following in cost of product sold within our consolidated results of operations:
(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.
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef