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

Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information (Details 1)

Condensed Consolidating Financial Information (Details 1) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May 31, 2014	Feb. 28, 2014	Nov. 30, 2013	Aug. 31, 2013	May 31, 2013	Feb. 28, 2015	Feb. 28, 2014	Feb. 28, 2013
Condensed Consolidating Statement of Comprehensive Income
Sales									$ 6,672.1us-gaap_SalesRevenueGoodsNet	$ 5,411.0us-gaap_SalesRevenueGoodsNet	$ 3,171.4us-gaap_SalesRevenueGoodsNet
Less – excise taxes									(644.1)stz_ExciseTaxes	(543.3)stz_ExciseTaxes	(375.3)stz_ExciseTaxes
Net sales	1,356.2stz_SalesRevenueNetOfExciseTaxes	1,541.7stz_SalesRevenueNetOfExciseTaxes	1,604.1stz_SalesRevenueNetOfExciseTaxes	1,526.0stz_SalesRevenueNetOfExciseTaxes	1,291.2stz_SalesRevenueNetOfExciseTaxes	1,443.3stz_SalesRevenueNetOfExciseTaxes	1,459.8stz_SalesRevenueNetOfExciseTaxes	673.4stz_SalesRevenueNetOfExciseTaxes	6,028.0stz_SalesRevenueNetOfExciseTaxes	4,867.7stz_SalesRevenueNetOfExciseTaxes	2,796.1stz_SalesRevenueNetOfExciseTaxes
Cost of product sold									(3,449.4)us-gaap_CostOfGoodsSold	(2,876.0)us-gaap_CostOfGoodsSold	(1,687.8)us-gaap_CostOfGoodsSold
Gross profit	597.6us-gaap_GrossProfit	638.9us-gaap_GrossProfit	672.0us-gaap_GrossProfit	670.1us-gaap_GrossProfit	548.9us-gaap_GrossProfit	609.7us-gaap_GrossProfit	577.0us-gaap_GrossProfit	256.1us-gaap_GrossProfit	2,578.6us-gaap_GrossProfit	1,991.7us-gaap_GrossProfit	1,108.3us-gaap_GrossProfit
Selling, general and administrative expenses									(1,078.4)	(895.1)	(585.4)
Operating income									1,500.2us-gaap_OperatingIncomeLoss	2,437.7us-gaap_OperatingIncomeLoss	522.9us-gaap_OperatingIncomeLoss
Equity in earnings of equity method investees and subsidiaries									21.5	87.8	233.1
Interest income									1.4us-gaap_OtherNonoperatingIncome	7.7us-gaap_OtherNonoperatingIncome	6.8us-gaap_OtherNonoperatingIncome
Intercompany interest income									0us-gaap_InterestIncomeRelatedParty	0us-gaap_InterestIncomeRelatedParty	0us-gaap_InterestIncomeRelatedParty
Interest expense									(339.1)us-gaap_InterestExpense	(330.9)us-gaap_InterestExpense	(233.9)us-gaap_InterestExpense
Intercompany interest expense									0us-gaap_InterestExpenseRelatedParty	0us-gaap_InterestExpenseRelatedParty	0us-gaap_InterestExpenseRelatedParty
Loss on write-off of financing costs									(4.4)stz_LossOnWriteOffOfFinancingCosts	0stz_LossOnWriteOffOfFinancingCosts	(12.5)stz_LossOnWriteOffOfFinancingCosts
Income before income taxes									1,179.6	2,202.3	516.4
(Provision for) benefit from income taxes									(343.4)us-gaap_IncomeTaxExpenseBenefit	(259.2)us-gaap_IncomeTaxExpenseBenefit	(128.6)us-gaap_IncomeTaxExpenseBenefit
Net income									836.2us-gaap_ProfitLoss	1,943.1us-gaap_ProfitLoss	387.8us-gaap_ProfitLoss
Net loss attributable to noncontrolling interests									3.1	0	0
Net income attributable to CBI	214.6us-gaap_NetIncomeLoss	222.2us-gaap_NetIncomeLoss	195.8us-gaap_NetIncomeLoss	206.7us-gaap_NetIncomeLoss	157.2us-gaap_NetIncomeLoss	211.0us-gaap_NetIncomeLoss	1,522.0us-gaap_NetIncomeLoss	52.9us-gaap_NetIncomeLoss	839.3us-gaap_NetIncomeLoss	1,943.1us-gaap_NetIncomeLoss	387.8us-gaap_NetIncomeLoss
Comprehensive income attributable to CBI									622.4us-gaap_ComprehensiveIncomeNetOfTax	1,897.0us-gaap_ComprehensiveIncomeNetOfTax	346.2us-gaap_ComprehensiveIncomeNetOfTax
Impairment of goodwill and intangible assets									0	(300.9)	0
Gain on remeasurement to fair value of equity method investment									0	1,642.0	0
Parent Company [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales									2,406.4	2,351.8	2,065.4
Less – excise taxes									(324.8)	(317.3)	(213.0)
Net sales									2,081.6	2,034.5	1,852.4
Cost of product sold									(1,678.4)	(1,730.3)	(1,537.2)
Gross profit									403.2	304.2	315.2
Selling, general and administrative expenses									(388.2)	(395.4)	(344.1)
Operating income									15.0	(91.2)	(28.9)
Equity in earnings of equity method investees and subsidiaries									828.0	2,219.2	622.2
Interest income									0.1	0.1	0.6
Intercompany interest income									177.8	152.4	79.0
Interest expense									(296.4)	(283.2)	(230.1)
Intercompany interest expense									(222.0)	(168.1)	(193.2)
Loss on write-off of financing costs									0		(12.5)
Income before income taxes									502.5	1,829.2	237.1
(Provision for) benefit from income taxes									336.8	113.9	150.7
Net income									839.3	1,943.1	387.8
Net loss attributable to noncontrolling interests									0	0	0
Net income attributable to CBI									839.3	1,943.1	387.8
Comprehensive income attributable to CBI									622.4	1,897.0	346.2
Impairment of goodwill and intangible assets										0
Gain on remeasurement to fair value of equity method investment										0
Subsidiary Guarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales									5,078.3	3,868.3	1,758.6
Less – excise taxes									(251.6)	(155.9)	(95.9)
Net sales									4,826.7	3,712.4	1,662.7
Cost of product sold									(3,629.0)	(2,661.6)	(1,156.6)
Gross profit									1,197.7	1,050.8	506.1
Selling, general and administrative expenses									(470.1)	(361.7)	(101.4)
Operating income									727.6	2,331.1	404.7
Equity in earnings of equity method investees and subsidiaries									24.6	92.7	232.9
Interest income									0	0	0
Intercompany interest income									222.7	168.5	193.2
Interest expense									(1.4)	(2.5)	(1.4)
Intercompany interest expense									(177.6)	(153.6)	(80.2)
Loss on write-off of financing costs									0		0
Income before income taxes									795.9	2,436.2	749.2
(Provision for) benefit from income taxes									(295.5)	(292.5)	(274.7)
Net income									500.4	2,143.7	474.5
Net loss attributable to noncontrolling interests									0	0	0
Net income attributable to CBI									500.4	2,143.7	474.5
Comprehensive income attributable to CBI									503.7	2,167.7	439.5
Impairment of goodwill and intangible assets										0
Gain on remeasurement to fair value of equity method investment										1,642.0
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales									3,004.1	2,093.9	827.8
Less – excise taxes									(67.7)	(70.1)	(66.4)
Net sales									2,936.4	2,023.8	761.4
Cost of product sold									(1,870.3)	(1,312.1)	(460.8)
Gross profit									1,066.1	711.7	300.6
Selling, general and administrative expenses									(273.4)	(155.0)	(154.3)
Operating income									792.7	255.8	146.3
Equity in earnings of equity method investees and subsidiaries									1.2	0.6	0.5
Interest income									1.3	7.6	6.2
Intercompany interest income									0	1.5	1.5
Interest expense									(41.3)	(45.2)	(2.4)
Intercompany interest expense									(0.9)	(0.7)	(0.3)
Loss on write-off of financing costs									(4.4)		0
Income before income taxes									748.6	219.6	151.8
(Provision for) benefit from income taxes									(395.7)	(100.1)	(4.5)
Net income									352.9	119.5	147.3
Net loss attributable to noncontrolling interests									3.1	0	0
Net income attributable to CBI									356.0	119.5	147.3
Comprehensive income attributable to CBI									132.2	64.0	103.5
Impairment of goodwill and intangible assets										(300.9)
Gain on remeasurement to fair value of equity method investment										0
Eliminations [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales									(3,816.7)	(2,903.0)	(1,480.4)
Less – excise taxes									0	0	0
Net sales									(3,816.7)	(2,903.0)	(1,480.4)
Cost of product sold									3,728.3	2,828.0	1,466.8
Gross profit									(88.4)	(75.0)	(13.6)
Selling, general and administrative expenses									53.3	17.0	14.4
Operating income									(35.1)	(58.0)	0.8
Equity in earnings of equity method investees and subsidiaries									(832.3)	(2,224.7)	(622.5)
Interest income									0	0	0
Intercompany interest income									(400.5)	(322.4)	(273.7)
Interest expense									0	0	0
Intercompany interest expense									400.5	322.4	273.7
Loss on write-off of financing costs									0		0
Income before income taxes									(867.4)	(2,282.7)	(621.7)
(Provision for) benefit from income taxes									11.0	19.5	(0.1)
Net income									(856.4)	(2,263.2)	(621.8)
Net loss attributable to noncontrolling interests									0	0	0
Net income attributable to CBI									(856.4)	(2,263.2)	(621.8)
Comprehensive income attributable to CBI									(635.9)	(2,231.7)	(543.0)
Impairment of goodwill and intangible assets										0
Gain on remeasurement to fair value of equity method investment										$ 0