Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment (Tables)

v3.22.1
Property, Plant, and Equipment (Tables)
 12 Months Ended
Feb. 28, 2022
Property, Plant and Equipment [Abstract]  
Components of property, plant, and equipment
Depreciation is computed primarily using the straight-line method over the following estimated useful lives:
Years
Land improvements
15 to 32
Vineyards
16 to 26
Buildings and improvements
10 to 50
Machinery and equipment
3 to 35
Motor vehicles
3 to 8
The major components of property, plant, and equipment are as follows:
February 28,
2022		 February 28,
2021
(in millions)
Land and land improvements $ 456.2  $ 434.0 
Vineyards 255.3  226.0 
Buildings and improvements 1,109.4  983.4 
Machinery and equipment 4,827.8  3,696.9 
Motor vehicles 140.0  131.3 
Construction in progress (1) (2)
1,223.2  2,084.2 
8,011.9  7,555.8 
Less – Accumulated depreciation (1,952.3) (1,734.2)
$ 6,059.6  $ 5,821.6 
(1)The balance at February 28, 2022, is net of an impairment of brewery construction in progress of $665.9 million. See Note 7 for further discussion.
(2)Interest costs incurred during the expansion, optimization, and construction of facilities are capitalized to construction in progress. We capitalized interest costs of $25.3 million, $31.5 million, and $37.2 million for the years ended February 28, 2022, February 28, 2021, and February 29, 2020, respectively, primarily due to the Mexico Beer Projects.