Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v2.4.0.8
Business Segment Information (Tables)
 3 Months Ended
May 31, 2013
Segment Reporting [Abstract]  
Restructuring charges and unusual items
For the three months ended May 31, 2013, and May 31, 2012, restructuring charges and unusual items included in operating income consist of:
 
For the Three Months
Ended May 31,
 
2013
 
2012
(in millions)
 
 
 
Cost of Product Sold:
 
 
 
Flow through of inventory step-up
$
1.5

 
$
0.8

Cost of Product Sold
1.5

 
0.8

 
 
 
 
Selling, General and Administrative Expenses:
 
 
 
Transaction and related costs associated with the Beer Business Acquisition
27.5

 
—

Deferred compensation
7.0

 
—

Other costs
(2.0
)
 
2.2

Selling, General and Administrative Expenses
32.5


2.2

 
 
 
 
Restructuring Charges
(0.9
)
 
0.5

 
 
 
 
Restructuring Charges and Unusual Items
$
33.1

 
$
3.5

Segment information
Segment information is as follows:
 
For the Three Months
Ended May 31,
 
2013
 
2012
(in millions)
 
 
 
Constellation Wine and Spirits
 
 
 
Net sales:
 
 
 
Wine
$
597.3

 
$
561.3

Spirits
76.1

 
73.5

Net sales
$
673.4

 
$
634.8

Segment operating income
$
127.6

 
$
133.0

Equity in earnings (losses) of equity method investees
$
0.7

 
$
(0.3
)
Long-lived tangible assets
$
1,083.5

 
$
1,083.8

Investment in equity method investees
$
74.2

 
$
70.9

Total assets
$
6,791.6

 
$
6,577.7

Capital expenditures
$
16.5

 
$
15.8

Depreciation and amortization
$
24.1

 
$
22.5

 
 
 
 
 
For the Three Months
Ended May 31,
 
2013
 
2012
(in millions)
 
 
 
Corporate Operations and Other
 
 
 
Net sales
$
—

 
$
—

Segment operating loss
$
(24.0
)
 
$
(23.4
)
Long-lived tangible assets
$
124.1

 
$
135.3

Total assets
$
2,455.1

 
$
225.5

Capital expenditures
$
5.5

 
$
3.8

Depreciation and amortization
$
4.9

 
$
5.6

 
 
 
 
Crown Imports
 
 
 
Net sales
$
761.6

 
$
724.1

Segment operating income
$
134.0

 
$
123.0

Long-lived tangible assets
$
8.6

 
$
9.6

Total assets
$
511.5

 
$
509.4

Capital expenditures
$
0.3

 
$
0.3

Depreciation and amortization
$
0.5

 
$
0.7

 
 
 
 
Restructuring Charges and Unusual Items
 
 
 
Operating loss
$
(33.1
)
 
$
(3.5
)
Equity in losses of equity method investees
$
(0.1
)
 
$
—

 
 
 
 
Consolidation and Eliminations
 
 
 
Net sales
$
(761.6
)
 
$
(724.1
)
Operating income
$
(134.0
)
 
$
(123.0
)
Equity in earnings of Crown Imports
$
66.0

 
$
60.9

Long-lived tangible assets
$
(8.6
)
 
$
(9.6
)
Investment in equity method investees
$
205.7

 
$
205.0

Total assets
$
(305.8
)
 
$
(304.4
)
Capital expenditures
$
(0.3
)
 
$
(0.3
)
Depreciation and amortization
$
(0.5
)
 
$
(0.7
)
 
 
 
 
Consolidated
 
 
 
Net sales
$
673.4

 
$
634.8

Operating income
$
70.5

 
$
106.1

Equity in earnings of equity method investees
$
66.6

 
$
60.6

Long-lived tangible assets
$
1,207.6

 
$
1,219.1

Investment in equity method investees
$
279.9

 
$
275.9

Total assets
$
9,452.4

 
$
7,008.2

Capital expenditures
$
22.0

 
$
19.6

Depreciation and amortization
$
29.0

 
$
28.1