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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Aug. 31, 2013
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Aug. 31, 2012
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Aug. 31, 2013
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Aug. 31, 2012
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| SALES | $ 1,613.3 | $ 797.7 | $ 2,379.5 | $ 1,523.0 |
| Less - excise taxes | (153.5) | (99.2) | (246.3) | (189.7) |
| Net sales | 1,459.8 | 698.5 | 2,133.2 | 1,333.3 |
| COST OF PRODUCT SOLD | (882.8) | (413.4) | (1,300.1) | (797.6) |
| Gross profit | 577.0 | 285.1 | 833.1 | 535.7 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | (244.1) | (154.5) | (429.7) | (299.0) |
| IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS | (300.9) | 0 | (300.9) | 0 |
| GAIN ON REMEASUREMENT TO FAIR VALUE OF EQUITY METHOD INVESTMENT | 1,642.0 | 0 | 1,642.0 | 0 |
| Operating income | 1,674.0 | 130.6 | 1,744.5 | 236.7 |
| EQUITY IN EARNINGS OF EQUITY METHOD INVESTEES | 3.7 | 70.5 | 70.3 | 131.1 |
| INTEREST EXPENSE, net | (90.3) | (54.6) | (145.1) | (105.3) |
| LOSS ON WRITE-OFF OF FINANCING COSTS | 0 | 0 | 0 | (2.8) |
| Income before income taxes | 1,587.4 | 146.5 | 1,669.7 | 259.7 |
| PROVISION FOR INCOME TAXES | (65.4) | (21.9) | (94.8) | (63.1) |
| NET INCOME | 1,522.0 | 124.6 | 1,574.9 | 196.6 |
| COMPREHENSIVE INCOME | $ 1,478.0 | $ 199.2 | $ 1,507.4 | $ 180.6 |
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Class A Common Stock [Member]
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| Basic and Diluted earnings per common share: | ||||
| Earnings per common share, basic | $ 8.18 | $ 0.71 | $ 8.53 | $ 1.09 |
| Earnings per common share, diluted | $ 7.74 | $ 0.67 | $ 8.03 | $ 1.05 |
| Weighted average common shares outstanding: | ||||
| Weighted average common shares outstanding, basic | 164,825 | 154,794 | 163,277 | 158,527 |
| Weighted average common shares outstanding, diluted | 196,767 | 184,640 | 196,056 | 187,458 |
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Class B Convertible Common Stock [Member]
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| Basic and Diluted earnings per common share: | ||||
| Earnings per common share, basic | $ 7.43 | $ 0.64 | $ 7.75 | $ 0.99 |
| Earnings per common share, diluted | $ 7.11 | $ 0.62 | $ 7.38 | $ 0.96 |
| Weighted average common shares outstanding: | ||||
| Weighted average common shares outstanding, basic | 23,472 | 23,536 | 23,485 | 23,545 |
| Weighted average common shares outstanding, diluted | 23,472 | 23,536 | 23,485 | 23,545 |
| X | ||||||||||
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- Definition
Excise taxes. No definition available.
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- Definition
Loss on write-off of financing costs No definition available.
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| X | ||||||||||
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- Definition
Net sales. No definition available.
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| X | ||||||||||
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- Definition
In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of nonoperating interest income (expense). No definition available.
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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