Constellation Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

12 Months Ended

Feb. 28, 2015

Commitments and Contingencies Disclosure [Abstract]

Future payments under noncancelable operating leases

Future payments under noncancelable operating leases having initial or remaining terms of one year or more are as follows for each of the five succeeding fiscal years and thereafter:



(in millions)
2016	$	48.4
2017	42.7
2018	36.7
2019	33.4
2020	29.2
Thereafter	202.1
	$	392.5

Future minimum purchase commitments and obligations

As of February 28, 2015, the estimated aggregate minimum purchase obligations under these contracts are as follows:



	Type	Length of Commitment	Amount
(in millions)
Raw materials and supplies ⁽¹⁾	Grapes, packaging and other raw materials	through December 2027	$	5,377.3
In-process inventories	Bulk wine	through December 2016	29.7
Finished case goods ⁽²⁾	Beer	through December 2015	469.0
Capital expenditures ⁽³⁾	Property, plant and equipment, and contractor and manufacturing services	through February 2018	1,463.7
Other ⁽⁴⁾	Processing and warehousing services, energy contracts	through December 2027	168.1
			$	7,507.8


⁽¹⁾	Grape purchase contracts require the purchase of grape production yielded from a specified number of acres. The actual tonnage and price of grapes that we must purchase will vary each year depending on certain factors, including weather, time of harvest, overall market conditions and the agricultural practices and location of the growers and suppliers under contract.


⁽²⁾	Consists of a minimum purchase obligation under the interim supply agreement for finished goods entered into in connection with the Beer Business Acquisition.


⁽³⁾	Consists of purchase commitments entered into primarily in connection with the Brewery and glass production plant expansions.


⁽⁴⁾	Includes commitments to utilize outside services to process, package and/or store a minimum volume quantity, as well as for the purchase of certain energy requirements.