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, 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 (1)
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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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Purchase accounting allocations (2)
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510.8 |
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373.7 |
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884.5 |
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Canadian Divestiture (3)
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— |
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(126.1 |
) |
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(126.1 |
) |
Foreign currency translation adjustments |
12.1 |
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11.4 |
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23.5 |
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Balance, February 28, 2017 |
$ |
5,053.0 |
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$ |
2,867.5 |
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$ |
7,920.5 |
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(1) |
Purchase accounting allocations associated with the acquisitions of Ballast Point (Beer) and Meiomi (Wine and Spirits) (see Note 2).
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(2) |
Preliminary purchase accounting allocations primarily associated with the acquisitions of the Obregon Brewery (Beer), and Prisoner, High West and Charles Smith (Wine and Spirits) (see Note 2).
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(3) |
Includes accumulated impairment losses associated with goodwill assigned to our Wine and Spirits’ Canadian reporting unit of C$289.1 million, or $216.8 million (see Note 2).
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