Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment

v3.22.1
Property, Plant, and Equipment
 12 Months Ended
Feb. 28, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT PROPERTY, PLANT, AND EQUIPMENT
The major components of property, plant, and equipment are as follows:
February 28,
2022		 February 28,
2021
(in millions)
Land and land improvements $ 456.2  $ 434.0 
Vineyards 255.3  226.0 
Buildings and improvements 1,109.4  983.4 
Machinery and equipment 4,827.8  3,696.9 
Motor vehicles 140.0  131.3 
Construction in progress (1) (2)
1,223.2  2,084.2 
8,011.9  7,555.8 
Less – Accumulated depreciation (1,952.3) (1,734.2)
$ 6,059.6  $ 5,821.6 
(1)The balance at February 28, 2022, is net of an impairment of brewery construction in progress of $665.9 million. See Note 7 for further discussion.
(2)Interest costs incurred during the expansion, optimization, and construction of facilities are capitalized to construction in progress. We capitalized interest costs of $25.3 million, $31.5 million, and $37.2 million for the years ended February 28, 2022, February 28, 2021, and February 29, 2020, respectively, primarily due to the Mexico Beer Projects.

Lodi Distribution Center
In December 2021, we purchased a previously leased wine and spirits distribution facility located in Lodi, California.