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

Acquisitions and Divestitures (Tables)

v3.25.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Feb. 28, 2025
Business Combinations [Abstract]  
Components of gain (loss) on sale of businesses and assets held for sale The following table summarizes the net gain recognized in connection with this divestiture, for the year ended February 28, 2025:
(in millions)
Cash received from buyer $ 409.2 
Net assets sold (139.7)
Direct costs to sell
 (3.5)
Gain on sale of business (1)
$ 266.0 
(1)Included in gain (loss) on sale of business within our consolidated results of operations.
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 gain (loss) on sale of business within our consolidated results of operations.
The carrying value of assets held for sale as of February 28, 2025, consisted of the following:
(in millions)
Assets
Inventories $ 788.7 
Prepaid expenses and other 0.5 
Property, plant, and equipment 474.4 
Intangible assets 127.9 
Less: Assets held for sale impairment
 (478.0)
Assets held for sale 913.5 
Liabilities
Other accrued expenses and liabilities (1)
33.7 
Net assets held for sale $ 879.8 
(1)Liabilities held for sale are included in the Consolidated Balance Sheet as of February 28, 2025, within other accrued expenses and liabilities.