Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

v3.22.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Feb. 28, 2022
Business Combinations [Abstract]  
Components of gain (loss) on sale of businesses The following table summarizes the net gain recognized, primarily for the year ended February 28, 2021, in connection with this divestiture:
(in millions)
Cash received from buyer $ 272.0 
Net assets sold (206.4)
Contract termination (4.0)
Direct costs to sell (3.2)
Gain on sale of business $ 58.4 
The following table summarizes the net loss recognized, primarily for the year ended February 28, 2021, in connection with these divestitures:
(in millions)
Cash received from buyer $ 667.4 
Net assets sold (669.2)
Transition services agreements (13.0)
Direct costs to sell (8.5)
AOCI reclassification adjustments, primarily foreign currency translation (5.1)
Other (5.2)
Loss on sale of business $ (33.6)
(in millions)
Cash received from buyer $ 266.7 
Net assets sold (213.3)
AOCI reclassification adjustments, primarily foreign currency translation 20.9 
Direct costs to sell (3.8)
Gain on sale of business $ 70.5