Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.23.4
Goodwill (Tables)
 9 Months Ended
Nov. 30, 2023
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, 2022 $ 5,120.7  $ 2,741.7  $ 7,862.4 
Purchase accounting allocations (1)
—  26.3  26.3 
Wine Divestiture —  (24.5) (24.5)
Foreign currency translation adjustments 68.2  (7.0) 61.2 
Balance, February 28, 2023 5,188.9  2,736.5  7,925.4 
Purchase accounting allocations (2)
—  6.5  6.5 
Foreign currency translation adjustments 46.3  —  46.3 
Balance, November 30, 2023 $ 5,235.2  $ 2,743.0  $ 7,978.2 
(1)Purchase accounting allocations associated with the acquisitions of Austin Cocktails, Lingua Franca, and My Favorite Neighbor, LLC.
(2)Preliminary purchase accounting allocation associated with the June 2023 acquisition of the Domaine Curry wine business.
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.