Annual report pursuant to Section 13 and 15(d)

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 28, 2017
Accounting Policies [Abstract]  
Estimated useful lives for depreciation
Depreciation is computed primarily using the straight-line method over the following estimated useful lives:
 
Years
Land improvements
15 to 32
Vineyards
16 to 26
Buildings and improvements
10 to 50
Machinery and equipment
3 to 35
Motor vehicles
3 to 7
The major components of property, plant and equipment are as follows:
 
February 28,
2017
 
February 29,
2016
(in millions)
 
 
 
Land and land improvements
$
400.4

 
$
338.7

Vineyards
232.6

 
244.4

Buildings and improvements
736.1

 
809.1

Machinery and equipment
3,079.6

 
2,253.8

Motor vehicles
124.2

 
74.3

Construction in progress
636.9

 
792.4

 
5,209.8

 
4,512.7

Less – Accumulated depreciation
(1,277.0
)
 
(1,179.3
)
 
$
3,932.8

 
$
3,333.4