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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Consolidated |
(in millions) |
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Balance, February 28, 2014 |
$ |
3,714.6 |
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$ |
2,432.2 |
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$ |
6,146.8 |
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Purchase accounting allocations (1)
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66.7 |
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34.0 |
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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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(39.3 |
) |
Balance, February 28, 2015 |
3,776.2 |
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2,432.0 |
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6,208.2 |
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Purchase accounting allocations (2)
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761.8 |
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203.3 |
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965.1 |
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Foreign currency translation adjustments |
(7.9 |
) |
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(26.8 |
) |
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(34.7 |
) |
Balance, February 29, 2016 |
$ |
4,530.1 |
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$ |
2,608.5 |
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$ |
7,138.6 |
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(1) |
Purchase accounting allocations associated with the acquisitions of the glass production plant (Beer) and Casa Noble (Wine and Spirits) (see Note 2).
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(2) |
Preliminary purchase accounting allocations associated with the acquisition of Ballast Point (Beer) and purchase accounting allocations associated with the acquisition of Meiomi (Wine and Spirits) (see Note 2).
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As of February 29, 2016, and February 28, 2015, we have accumulated impairment losses of $213.5 million and $231.0 million, respectively, within our Wine and Spirits segment.
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