Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
 12 Months Ended
Feb. 28, 2022
Commitments and Contingencies Disclosure [Abstract]  
Future minimum purchase commitments and obligations As of February 28, 2022, the estimated aggregate minimum purchase commitments under these contracts are as follows:
Type Length of Commitment Amount
(in millions)
Raw materials and supplies (1)
Packaging, grapes, hops, corn, and malts through December 2037 $ 3,159.0 
Contract services Transportation, marketing, warehousing, and bottling services, and IT and energy contracts through December 2030 765.4 
Capital expenditures (2)
Property, plant, and equipment and contractor and manufacturing services through January 2024 489.8 
In-process inventories Bulk wine and spirits
through April 2025
 50.6 
Other Finished wine case goods through May 2029 19.7 
$ 4,484.5 
(1)Certain grape purchasing arrangements include the purchase of grape production yielded from specified blocks of a vineyard. The actual tonnage and price of grapes that we purchase will vary each year depending on certain factors, including weather, time of harvest, overall market conditions, and the agricultural practices and location of the vineyard. Amounts included herein for the estimated aggregate minimum grape purchase commitments consist of estimates for the purchase of the grapes and the implicit leases of the land. Certain grape purchasing arrangements classified as leases have not resulted in the recognition of right-of-use assets and lease liabilities on our balance sheet due to their variable nature.
(2)Consists of purchase commitments entered into primarily in connection with the Mexico Beer Projects.