Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.22.4
Inventories (Tables)
 9 Months Ended
Nov. 30, 2022
Inventory Disclosure [Abstract]  
Schedule of Components of Inventories Elements of cost include materials, labor, and overhead and consist of the following:
November 30,
2022		 February 28,
2022
(in millions)
Raw materials and supplies $ 227.8  $ 185.3 
In-process inventories 989.1  804.8 
Finished case goods 585.1  583.1 
$ 1,802.0  $ 1,573.2 
We evaluated the carrying value of certain inventories and recognized the following in cost of product sold within our consolidated results of operations:
For the Nine Months
Ended November 30,		 For the Three Months
Ended November 30,
2022
2021 (1)
2022 2021
(in millions)
Loss on inventory write-down $ 15.7  $ 85.2  $ 4.5  $ 2.6 
(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.