Annual report [Section 13 and 15(d), not S-K Item 405]

Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)

v3.25.1
Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 28, 2025
Accounting Policies [Abstract]  
Estimated useful lives for depreciation
Depreciation is computed primarily using the straight-line method over the following estimated useful lives:
Years
Land improvements
15 to 32
Vineyards
16 to 26
Buildings and improvements
10 to 50
Machinery and equipment
3 to 35
Motor vehicles
3 to 8
The major components of property, plant, and equipment are as follows:
February 28, 2025 February 29, 2024
(in millions)
Land and land improvements $ 437.2  $ 473.6 
Vineyards 128.3  264.6 
Buildings and improvements 1,907.9  1,941.6 
Machinery and equipment 5,027.7  5,649.0 
Motor vehicles 238.5  162.9 
Construction in progress (1) (2)
2,218.1  2,296.6 
9,957.7  10,788.3 
Less – Accumulated depreciation (2,547.9) (2,733.1)
$ 7,409.8  $ 8,055.2 
(1)We capitalized $74.2 million, $63.7 million, and $36.5 million of interest costs for the years ended February 28, 2025, February 29, 2024, and February 28, 2023, respectively, primarily due to the Mexico Beer Projects.
(2)Initial production at the Veracruz Brewery is expected to commence in late Fiscal 2026 or early Fiscal 2027.