Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

Business Segment Information (Tables)

3 Months Ended

May 31, 2014

For the three months ended May 31, 2014, and May 31, 2013, Unusual Items included in consolidated operating income consist of:



	For the Three Months Ended May 31,
	2014		2013
(in millions)
Cost of Product Sold
Amortization of favorable interim supply agreement	$	7.6	$	—
Flow through of inventory step-up	—		1.5
Other costs	0.3		—
Total Cost of Product Sold	7.9		1.5

Selling, General and Administrative Expenses
Transaction, integration and other acquisition-related costs	4.5		27.5
Deferred compensation	—		7.0
Restructuring charges and other	—		(2.9		)
Total Selling, General and Administrative Expenses	4.5		31.6

Unusual Items	$	12.4	$	33.1

Segment information

Segment information is as follows:



	For the Three Months Ended May 31,
	2014		2013
(in millions)
Beer
Net sales	$	867.7	$	761.6
Segment operating income	$	287.5	$	134.0
Long-lived tangible assets	$	926.8	$	8.6
Total assets	$	7,800.8	$	511.5
Capital expenditures	$	85.3	$	0.3
Depreciation and amortization	$	17.4	$	0.5



	For the Three Months Ended May 31,
	2014			2013
(in millions)
Wine and Spirits
Net sales:
Wine	$	586.4		$	597.3
Spirits	71.9			76.1
Net sales	$	658.3		$	673.4
Segment operating income	$	143.2		$	127.6
Equity in earnings of equity method investees	$	0.5		$	0.7
Long-lived tangible assets	$	1,105.6		$	1,083.5
Investments in equity method investees	$	73.2		$	74.2
Total assets	$	6,679.5		$	6,791.6
Capital expenditures	$	31.3		$	16.5
Depreciation and amortization	$	25.6		$	24.1

Corporate Operations and Other
Net sales	$	—		$	—
Segment operating loss	$	(26.1	)	$	(24.0	)
Long-lived tangible assets	$	124.7		$	124.1
Total assets	$	362.1		$	2,455.1
Capital expenditures	$	14.8		$	5.5
Depreciation and amortization	$	6.5		$	4.9

Unusual Items
Operating loss	$	(12.4	)	$	(33.1	)
Equity in losses of equity method investees	$	—		$	(0.1	)

Consolidation and Eliminations
Net sales	$	—		$	(761.6	)
Operating income	$	—		$	(134.0	)
Equity in earnings of Crown Imports	$	—		$	66.0
Long-lived tangible assets	$	—		$	(8.6	)
Investments in equity method investees	$	—		$	205.7
Total assets	$	—		$	(305.8	)
Capital expenditures	$	—		$	(0.3	)
Depreciation and amortization	$	—		$	(0.5	)

Consolidated
Net sales	$	1,526.0		$	673.4
Operating income	$	392.2		$	70.5
Equity in earnings of equity method investees	$	0.5		$	66.6
Long-lived tangible assets	$	2,157.1		$	1,207.6
Investments in equity method investees	$	73.2		$	279.9
Total assets	$	14,842.4		$	9,452.4
Capital expenditures	$	131.4		$	22.0
Depreciation and amortization	$	49.5		$	29.0

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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