Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments (Tables)

v3.23.2
Equity Method Investments (Tables)
 3 Months Ended
May 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity method investments
Our equity method investments are as follows:
May 31, 2023 February 28, 2023
Carrying Value Ownership Percentage Carrying Value Ownership Percentage
(in millions)
Canopy Equity Method Investment (1)
$ 142.7  33.2  % $ 485.8  34.7  %
Other equity method investments 148.6 
20%-50%
 177.5 
20%-50%
$ 291.3  $ 663.3 
(1)The fair value based on the closing price of the underlying equity security as of May 31, 2023, and February 28, 2023, was $142.7 million and $398.4 million, respectively. The balance at May 31, 2023, is net of a $123.5 million impairment of our Canopy Equity Method Investment.
Amounts included in our consolidated results of operations for each period are as follows:
For the Three Months
Ended May 31,
2023 2022
(in millions)
Equity in earnings (losses) from Canopy and related activities $ (219.8) $ (165.0)