Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss) Attributable to CBI (Tables)

v3.22.2
Comprehensive Income (Loss) Attributable to CBI (Tables)
3 Months Ended
May 31, 2022
Equity [Abstract]  
Reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI The reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI is as follows:
Before Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Amount
(in millions)
For the Three Months Ended May 31, 2022
Net income (loss) attributable to CBI $ 389.5 
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ 170.3  $ —  170.3 
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 170.3  —  170.3 
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) 105.5  (14.8) 90.7 
Reclassification adjustments (10.0) 0.9  (9.1)
Net gain (loss) recognized in other comprehensive income (loss) 95.5  (13.9) 81.6 
Pension/postretirement adjustments:
Net actuarial gain (loss) (0.3) —  (0.3)
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (0.3) —  (0.3)
Before Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Amount
(in millions)
Share of OCI of equity method investments
Net gain (loss) (9.0) 3.8  (5.2)
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (9.0) 3.8  (5.2)
Other comprehensive income (loss) attributable to CBI $ 256.5  $ (10.1) 246.4 
Comprehensive income (loss) attributable to CBI $ 635.9 
For the Three Months Ended May 31, 2021
Net income (loss) attributable to CBI $ (908.1)
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ 103.0  $ —  103.0 
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 103.0  —  103.0 
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) 27.5  (9.8) 17.7 
Reclassification adjustments (7.8) 0.2  (7.6)
Net gain (loss) recognized in other comprehensive income (loss) 19.7  (9.6) 10.1 
Pension/postretirement adjustments:
Net actuarial gain (loss) (0.2) —  (0.2)
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (0.2) —  (0.2)
Share of OCI of equity method investments
Net gain (loss) (18.1) 4.1  (14.0)
Reclassification adjustments —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (18.1) 4.1  (14.0)
Other comprehensive income (loss) attributable to CBI $ 104.4  $ (5.5) 98.9 
Comprehensive income (loss) attributable to CBI $ (809.2)
Accumulated other comprehensive income (loss), net of income tax effect
AOCI, net of income tax effect, includes the following components:
Foreign
Currency
Translation
Adjustments
Unrealized Net
Gain (Loss)
on Derivative
Instruments
Pension/
Postretirement
Adjustments
Share of OCI
of Equity
Method
Investments
AOCI
(in millions)
Balance, February 28, 2022 $ (431.4) $ 17.5  $ (4.0) $ 5.2  $ (412.7)
OCI:
OCI before reclassification adjustments 170.3  90.7  (0.3) (5.2) 255.5 
Amounts reclassified from AOCI —  (9.1) —  —  (9.1)
OCI 170.3  81.6  (0.3) (5.2) 246.4 
Balance, May 31, 2022 $ (261.1) $ 99.1  $ (4.3) $ —  $ (166.3)