Constellation Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

Acquisitions and Divestitures (Tables)

12 Months Ended

Feb. 29, 2024

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.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details