Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information (Details 1)

v3.7.0.1
Condensed Consolidating Financial Information (Details 1) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 28, 2017
Nov. 30, 2016
Aug. 31, 2016
May 31, 2016
Feb. 29, 2016
Nov. 30, 2015
Aug. 31, 2015
May 31, 2015
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2015
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 $ 8,061.6 $ 7,223.8 $ 6,672.1
Less – excise taxes                 (730.1) (675.4) (644.1)
Net sales $ 1,628.0 $ 1,810.5 $ 2,021.2 $ 1,871.8 $ 1,543.2 $ 1,640.5 $ 1,733.4 $ 1,631.3 7,331.5 6,548.4 6,028.0
Cost of product sold                 (3,802.1) (3,606.1) (3,449.4)
Gross profit 787.7 891.4 969.0 881.3 696.1 733.5 775.6 737.1 3,529.4 2,942.3 2,578.6
Selling, general and administrative expenses                 (1,392.4) (1,177.2) (1,078.4)
Gain on sale of business                 262.4 0.0 0.0
Operating income                 2,399.4 1,765.1 1,500.2
Equity in earnings (losses) of equity method investees and subsidiaries                 27.3 26.6 21.5
Interest income                 1.8 0.8 1.4
Intercompany interest income                 0.0 0.0 0.0
Interest expense                 (335.1) (314.7) (339.1)
Intercompany interest expense                 0.0 0.0 0.0
Income before income taxes                 2,093.4 1,501.2 1,179.6
(Provision for) benefit from income taxes                 (554.2) (440.6) (343.4)
Net income                 1,539.2 1,060.6 836.2
Net (income) loss attributable to noncontrolling interests                 (4.1) (5.7) 3.1
Net income attributable to CBI $ 452.0 $ 405.9 $ 358.9 $ 318.3 $ 243.4 $ 270.5 $ 302.4 $ 238.6 1,535.1 1,054.9 839.3
Comprehensive income attributable to CBI                 1,587.8 733.3 622.4
Dividend income                   24.5  
Loss on write-off of debt issuance costs                 0.0 (1.1) (4.4)
Eliminations [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 (4,349.2) (3,938.4) (3,816.7)
Less – excise taxes                 0.0 0.0 0.0
Net sales                 (4,349.2) (3,938.4) (3,816.7)
Cost of product sold                 4,259.3 3,883.5 3,728.3
Gross profit                 (89.9) (54.9) (88.4)
Selling, general and administrative expenses                 48.4 30.3 53.3
Gain on sale of business                 0.0    
Operating income                 (41.5) (24.6) (35.1)
Equity in earnings (losses) of equity method investees and subsidiaries                 (1,662.6) (1,229.3) (832.3)
Interest income                 0.0 0.0 0.0
Intercompany interest income                 (538.6) (459.5) (400.5)
Interest expense                 0.0 0.0 0.0
Intercompany interest expense                 538.6 459.5 400.5
Income before income taxes                 (1,704.1) (1,253.9) (867.4)
(Provision for) benefit from income taxes                 3.5 8.3 11.0
Net income                 (1,700.6) (1,245.6) (856.4)
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 (1,700.6) (1,245.6) (856.4)
Comprehensive income attributable to CBI                 (1,722.8) (915.6) (635.9)
Dividend income                   0.0  
Loss on write-off of debt issuance costs                   0.0 0.0
Parent Company [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 2,832.6 2,522.8 2,406.4
Less – excise taxes                 (351.9) (332.6) (324.8)
Net sales                 2,480.7 2,190.2 2,081.6
Cost of product sold                 (1,974.5) (1,759.6) (1,678.4)
Gross profit                 506.2 430.6 403.2
Selling, general and administrative expenses                 (417.2) (378.4) (388.2)
Gain on sale of business                 (23.4)    
Operating income                 65.6 52.2 15.0
Equity in earnings (losses) of equity method investees and subsidiaries                 1,657.4 1,224.2 828.0
Interest income                 0.4 0.2 0.1
Intercompany interest income                 227.1 191.4 177.8
Interest expense                 (280.0) (290.1) (296.4)
Intercompany interest expense                 (311.1) (267.4) (222.0)
Income before income taxes                 1,359.4 910.1 502.5
(Provision for) benefit from income taxes                 175.7 144.8 336.8
Net income                 1,535.1 1,054.9 839.3
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 1,535.1 1,054.9 839.3
Comprehensive income attributable to CBI                 1,587.8 733.3 622.4
Dividend income                   0.0  
Loss on write-off of debt issuance costs                   (0.4) 0.0
Subsidiary Guarantors [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 6,453.2 5,614.9 5,078.3
Less – excise taxes                 (321.1) (281.1) (251.6)
Net sales                 6,132.1 5,333.8 4,826.7
Cost of product sold                 (4,433.1) (3,906.2) (3,629.0)
Gross profit                 1,699.0 1,427.6 1,197.7
Selling, general and administrative expenses                 (800.8) (652.6) (470.1)
Gain on sale of business                 (4.3)    
Operating income                 893.9 775.0 727.6
Equity in earnings (losses) of equity method investees and subsidiaries                 33.3 31.2 24.6
Interest income                 0.0 0.0 0.0
Intercompany interest income                 311.5 268.0 222.7
Interest expense                 (1.5) (0.2) (1.4)
Intercompany interest expense                 (226.7) (191.3) (177.6)
Income before income taxes                 1,010.5 882.7 795.9
(Provision for) benefit from income taxes                 (396.2) (346.3) (295.5)
Net income                 614.3 536.4 500.4
Net (income) loss attributable to noncontrolling interests                 0.0 0.0 0.0
Net income attributable to CBI                 614.3 536.4 500.4
Comprehensive income attributable to CBI                 614.1 531.9 503.7
Dividend income                   0.0  
Loss on write-off of debt issuance costs                   0.0 0.0
Subsidiary Nonguarantors [Member]                      
Condensed Consolidating Statement of Comprehensive Income                      
Sales                 3,125.0 3,024.5 3,004.1
Less – excise taxes                 (57.1) (61.7) (67.7)
Net sales                 3,067.9 2,962.8 2,936.4
Cost of product sold                 (1,653.8) (1,823.8) (1,870.3)
Gross profit                 1,414.1 1,139.0 1,066.1
Selling, general and administrative expenses                 (222.8) (176.5) (273.4)
Gain on sale of business                 290.1    
Operating income                 1,481.4 962.5 792.7
Equity in earnings (losses) of equity method investees and subsidiaries                 (0.8) 0.5 1.2
Interest income                 1.4 0.6 1.3
Intercompany interest income                 0.0 0.1 0.0
Interest expense                 (53.6) (24.4) (41.3)
Intercompany interest expense                 (0.8) (0.8) (0.9)
Income before income taxes                 1,427.6 962.3 748.6
(Provision for) benefit from income taxes                 (337.2) (247.4) (395.7)
Net income                 1,090.4 714.9 352.9
Net (income) loss attributable to noncontrolling interests                 (4.1) (5.7) 3.1
Net income attributable to CBI                 1,086.3 709.2 356.0
Comprehensive income attributable to CBI                 $ 1,108.7 383.7 132.2
Dividend income                   24.5  
Loss on write-off of debt issuance costs                   $ (0.7) $ (4.4)