Annual report pursuant to Section 13 and 15(d)

Goodwill

v2.4.1.9
Goodwill
12 Months Ended
Feb. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
GOODWILL:

The changes in the carrying amount of goodwill are as follows:
 
Beer
 
Wine and Spirits
 
Consolidation
and
Eliminations
 
Consolidated
(in millions)
 
 
 
 
 
 
 
Balance, February 28, 2013
$
13.0

 
$
2,722.3

 
$
(13.0
)
 
$
2,722.3

Purchase accounting allocations (1)
3,702.8

 

 
13.0

 
3,715.8

Impairment of goodwill (2)

 
(278.7
)
 

 
(278.7
)
Foreign currency translation adjustments
(1.2
)
 
(11.4
)
 

 
(12.6
)
Balance, February 28, 2014
3,714.6

 
2,432.2

 

 
6,146.8

Purchase accounting allocations (3)
66.7

 
34.0

 

 
100.7

Foreign currency translation adjustments
(5.1
)
 
(34.2
)
 

 
(39.3
)
Balance, February 28, 2015
$
3,776.2

 
$
2,432.0

 
$

 
$
6,208.2


(1) 
Purchase accounting allocations associated with the Beer Business Acquisition (see Note 2).
(2) 
Impairment loss associated with goodwill assigned to Wine and Spirits’ Canadian reporting unit (see Note 7).
(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.