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

Fair Value of Financial Instruments (Tables)

v3.25.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Feb. 28, 2025
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis:
Fair Value Measurements Using
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(in millions)
February 28, 2025
Assets:
Foreign currency contracts $ —  $ 97.0  $ —  $ 97.0 
Commodity derivative contracts $ —  $ 9.6  $ —  $ 9.6 
Pre-issuance hedge contracts
$ —  $ 2.2  $ —  $ 2.2 
Liabilities:
Foreign currency contracts $ —  $ 76.4  $ —  $ 76.4 
Commodity derivative contracts $ —  $ 12.8  $ —  $ 12.8 
February 29, 2024
Assets:
Foreign currency contracts $ —  $ 311.2  $ —  $ 311.2 
Commodity derivative contracts $ —  $ 6.2  $ —  $ 6.2 
Liabilities:
Foreign currency contracts $ —  $ 5.4  $ —  $ 5.4 
Commodity derivative contracts $ —  $ 36.0  $ —  $ 36.0 
Assets and liabilities measured at estimated fair value on a nonrecurring basis
The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the periods presented:
Fair Value Measurements Using
Balance Sheet Classification
Quoted
Prices in
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Losses
(in millions)
For the Year Ended February 28, 2025
Goodwill
Goodwill
$ —  $ —  $ —  $ 2,740.7 
Assets held for sale
Assets held for sale
—  879.8  —  478.0 
Trademarks
Intangible assets
—  —  125.8  57.0 
Equity method investments
Other assets
—  —  —  8.7 
$ —  $ 879.8  $ 125.8  $ 3,284.4 
For the Year Ended February 29, 2024
Equity method investments
Other assets
$ 56.1  $ 0.6  $ 0.6  $ 136.1 
For the Year Ended February 28, 2023
Equity method investments
Other assets
$ 398.4  $ —  $ —  $ 1,060.3 
Long-lived assets
Property, plant, and equipment
—  —  6.3  53.5 
Trademarks
Intangible assets
—  —  —  13.0 
$ 398.4  $ —  $ 6.3  $ 1,126.8