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

Goodwill (Tables)

v3.25.1
Goodwill (Tables)
 12 Months Ended
Feb. 28, 2025
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)
—  71.2  71.2 
Foreign currency translation adjustments (111.4) 0.6  (110.8)
Goodwill impairment
 —  (2,740.7) (2,740.7)
SVEDKA Divestiture (3)
—  (73.2) (73.2)
Balance, February 28, 2025 $ 5,126.8  $ —  $ 5,126.8 
(1)Purchase accounting allocations associated with the Domaine Curry acquisition.
(2)Preliminary purchase accounting allocations associated with the Sea Smoke acquisition.
(3)Allocation was based on the relative fair value of the portion of the business 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.