GOODWILL:
The changes in the carrying amount of goodwill are as follows:
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Beer |
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Wine and Spirits |
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Consolidation
and
Eliminations
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Consolidated |
(in millions) |
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Balance, February 28, 2013 |
$ |
13.0 |
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$ |
2,722.3 |
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$ |
(13.0 |
) |
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$ |
2,722.3 |
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Purchase accounting allocations (1)
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3,702.8 |
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— |
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13.0 |
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3,715.8 |
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Impairment of goodwill (2)
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— |
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(278.7 |
) |
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— |
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(278.7 |
) |
Foreign currency translation adjustments |
(1.2 |
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(11.4 |
) |
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— |
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(12.6 |
) |
Balance, February 28, 2014 |
3,714.6 |
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2,432.2 |
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— |
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6,146.8 |
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Purchase accounting allocations (3)
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66.7 |
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34.0 |
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— |
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100.7 |
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Foreign currency translation adjustments |
(5.1 |
) |
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(34.2 |
) |
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— |
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(39.3 |
) |
Balance, February 28, 2015 |
$ |
3,776.2 |
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$ |
2,432.0 |
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$ |
— |
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$ |
6,208.2 |
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(1) |
Purchase accounting allocations associated with the Beer Business Acquisition (see Note 2). |
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(2) |
Impairment loss associated with goodwill assigned to Wine and Spirits’ Canadian reporting unit (see Note 7). |
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(3) |
Purchase accounting allocations associated with the acquisitions of the glass production plant (Beer) and Casa Noble (Wine and Spirits) (see Note 2). |
As of February 28, 2015, and February 28, 2014, we have accumulated impairment losses of $231.0 million and $261.3 million, respectively, within our Wine and Spirits segment.
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