Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.22.4
Goodwill (Tables)
 9 Months Ended
Nov. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The changes in the carrying amount of goodwill are as follows:
Beer Wine and Spirits Consolidated
(in millions)
Balance, February 28, 2021 $ 5,125.6  $ 2,667.9  $ 7,793.5 
Purchase accounting allocations (1)
—  79.6  79.6 
Foreign currency translation adjustments (4.9) (5.8) (10.7)
Balance, February 28, 2022 5,120.7  2,741.7  7,862.4 
Purchase accounting allocations (2)
—  26.3  26.3 
2022 Wine Divestiture —  (24.5) (24.5)
Foreign currency translation adjustments 38.4  (6.0) 32.4 
Balance, November 30, 2022 $ 5,159.1  $ 2,737.5  $ 7,896.6 
(1)Preliminary purchase accounting allocations associated with the acquisition of My Favorite Neighbor and purchase accounting allocations associated with the acquisition of Empathy Wines.
(2)Preliminary purchase accounting allocations associated with the acquisitions of Austin Cocktails and Lingua Franca and purchase accounting allocations associated with the acquisition of My Favorite Neighbor.
Components of gain (loss) on sale of business The following table summarizes the net gain recognized in connection with this divestiture for the nine months and three months ended November 30, 2022:
(in millions)
Cash received from buyer $ 96.7 
Net assets sold (68.1)
Direct costs to sell (1)
(14.8)
Gain on sale of business (2)
$ 13.8 
(1)Includes certain contract termination costs.
(2)Included in selling, general, and administrative expenses within our consolidated results of operations.