Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

v3.23.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Feb. 28, 2023
Business Combinations [Abstract]  
Components of gain (loss) on sale of businesses The following table summarizes the net gain recognized in connection with this divestiture, for the year ended February 28, 2023:
(in millions)
Cash received from buyer $ 96.7 
Net assets sold (66.9)
Direct costs to sell (1)
(14.8)
Gain on sale of business (2)
$ 15.0 
(1)Includes certain contract termination costs.
(2)Included in selling, general, and administrative expenses within our consolidated results of operations.
The following table summarizes the net gain recognized, primarily for the year ended February 28, 2021, in connection with this divestiture:
(in millions)
Cash received from buyer $ 272.0 
Net assets sold (206.4)
Contract termination (4.0)
Direct costs to sell (3.2)
Gain on sale of business (1)
$ 58.4 
(1)Included in selling, general, and administrative expenses within our consolidated results of operations.
The following table summarizes the net loss recognized, primarily for the year ended February 28, 2021, in connection with these divestitures:
(in millions)
Cash received from buyer $ 667.4 
Net assets sold (669.2)
Transition services agreements (13.0)
Direct costs to sell (8.5)
AOCI reclassification adjustments, primarily foreign currency translation (5.1)
Other (5.2)
Loss on sale of business (1)
$ (33.6)