Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.24.4
Goodwill (Tables)
 9 Months Ended
Nov. 30, 2024
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, 2023 $ 5,188.9  $ 2,736.5  $ 7,925.4 
Purchase accounting allocations (1)
—  6.5  6.5 
Foreign currency translation adjustments 49.3  (0.9) 48.4 
Balance, February 29, 2024 5,238.2  2,742.1  7,980.3 
Purchase accounting allocations (2)
—  71.1  71.1 
Foreign currency translation adjustments (117.1) 1.3  (115.8)
Goodwill impairment
 —  (2,250.0) (2,250.0)
Reclassified to assets held for sale (3)
—  (73.2) (73.2)
Balance, November 30, 2024 $ 5,121.1  $ 491.3  $ 5,612.4 
(1)Purchase accounting allocations associated with the June 2023 acquisition of the Domaine Curry wine business.
(2)Preliminary purchase accounting allocations associated with the Sea Smoke acquisition.
(3)In connection with the SVEDKA Divestiture, goodwill associated with the business being sold was reclassified to assets held for sale based on the relative fair value of the portion of the business being sold and the remaining wine and spirits portfolio. The relative fair values were determined using the transaction price and the income approach based on assumptions, including projected revenue growth, terminal growth, and discount rates and other projected financial information. See “Subsequent event” below.