Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.24.1.u1
Intangible Assets (Tables)
12 Months Ended
Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Major components of intangible assets, Amortizable intangible assets
The major components of intangible assets are as follows:
February 29, 2024 February 28, 2023
Gross
Carrying
Amount
Net
Carrying
Amount
Gross
Carrying
Amount
Net
Carrying
Amount
(in millions)
Amortizable intangible assets
Customer relationships $ 85.3  $ 16.2  $ 85.7  $ 17.7 
Other 20.8  0.3  20.8  — 
Total $ 106.1  16.5  $ 106.5  17.7 
Nonamortizable intangible assets
Trademarks 2,715.2  2,710.4 
Total intangible assets $ 2,731.7  $ 2,728.1 
Major components of intangible assets, Nonamortizable intangible assets
The major components of intangible assets are as follows:
February 29, 2024 February 28, 2023
Gross
Carrying
Amount
Net
Carrying
Amount
Gross
Carrying
Amount
Net
Carrying
Amount
(in millions)
Amortizable intangible assets
Customer relationships $ 85.3  $ 16.2  $ 85.7  $ 17.7 
Other 20.8  0.3  20.8  — 
Total $ 106.1  16.5  $ 106.5  17.7 
Nonamortizable intangible assets
Trademarks 2,715.2  2,710.4 
Total intangible assets $ 2,731.7  $ 2,728.1 
Estimated amortization expense
Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
(in millions)
Fiscal 2025 $ 1.4 
Fiscal 2026 $ 1.3 
Fiscal 2027 $ 1.3 
Fiscal 2028 $ 1.3 
Fiscal 2029 $ 1.3 
Thereafter $ 9.9