Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestiture (Tables)

v3.8.0.1
Acquisitions and Divestiture (Tables)
 12 Months Ended
Feb. 28, 2018
Business Combinations [Abstract]  
Allocation of estimated fair value for significant assets acquired
The following table summarizes the allocation of the estimated fair value for the significant assets acquired:
(in millions)
 
Goodwill
$
763.2

Trademarks (see Note 7)
222.8

Other
14.0

Total estimated fair value
1,000.0

Less – cash acquired
(1.5
)
Purchase price
$
998.5

Net gain associated with the Canadian Divestiture
In total, we have recognized $238.8 million of net gains associated with the Canadian Divestiture, with $242.0 million of net gains recognized for the year ended February 28, 2017, and $3.2 million of net losses recognized for the year ended February 28, 2018, as follows:
(in millions)
 
Gain on sale of business
$
262.4

Impairment of trademarks
(8.4
)
Other net costs
(15.2
)
Net gain associated with the Canadian Divestiture and related activities
$
238.8

The following table summarizes the net gain recognized in connection with this divestiture:
(in millions)
 
Cash received from buyer
$
580.2

Net assets sold
(175.3
)
AOCI reclassification adjustments, primarily foreign currency translation
(122.5
)
Direct costs to sell
(9.9
)
Other
(10.1
)
Gain on sale of business
$
262.4