Annual report pursuant to Section 13 and 15(d)

Inventories (Tables)

v3.23.1
Inventories (Tables)
 12 Months Ended
Feb. 28, 2023
Inventory Disclosure [Abstract]  
Components of inventories
The components of inventories are as follows:
February 28,
2023		 February 28,
2022
(in millions)
Raw materials and supplies $ 245.5  $ 185.3 
In-process inventories 967.8  804.8 
Finished case goods 685.4  583.1 
$ 1,898.7  $ 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 Years Ended
February 28,
2023
February 28, 2022 (1)
February 28, 2021 (2)
(in millions)
Loss on inventory write-down $ 23.1  $ 87.7  $ 100.7 
(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.
(2)We recognized a loss primarily in connection with the write-down of certain grapes, within the Wine and Spirits segment, as a result of smoke damage sustained during the 2020 U.S. wildfires.