Annual report pursuant to Section 13 and 15(d)

Business Segment Information - Comparable Adjustments (Details)

v3.22.1
Business Segment Information - Comparable Adjustments (Details) - USD ($)
$ in Millions
 12 Months Ended 14 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2022
Cost of product sold        
Net gain (loss) on undesignated commodity derivative contracts $ 93.2 $ 7.7 $ (56.8)  
Total cost of product sold (4,113.4) (4,148.9) (4,191.6)  
Selling, general, and administrative expenses        
Net gain (loss) on undesignated commodity derivative contracts 93.2 7.7 (56.8)  
Total selling, general, and administrative expenses (1,711.4) (1,665.1) (1,621.8)  
Impairment of brewery construction in progress (665.9) 0.0 0.0  
Impairment of assets held for sale 0.0 (24.0) (449.7)  
Gain (loss) on sale of business 1.7 14.2 74.1  
Disposal Group, Not Discontinued Operations | Wine and Spirits Divestitures        
Selling, general, and administrative expenses        
Transition services agreements activity       $ 13.0
Other gains (losses)       (5.2)
Gain (loss) on sale of business       $ (33.6)
Foreign currency contracts | Selling, general, and administrative expenses        
Cost of product sold        
Net gain (loss) on undesignated commodity derivative contracts (16.7) (17.4) (7.8)  
Selling, general, and administrative expenses        
Net gain (loss) on undesignated commodity derivative contracts (16.7) (17.4) (7.8)  
Segment Reconciling Items [Member]        
Cost of product sold        
Net flow through of reserved inventory 12.1 0.0 0.0  
Strategic business development costs (2.6) (29.8) (124.5)  
Recovery of (loss on) inventory write-down (1.0) (70.4) 8.6  
Flow through of inventory step-up (0.1) (0.4) (1.5)  
COVID-19 incremental costs 0.0 (7.6) 0.0  
Accelerated depreciation 0.0 (0.1) (7.6)  
Total cost of product sold 82.4 (51.6) (162.3)  
Selling, general, and administrative expenses        
Transaction, integration, and other acquisition-related costs (1.4) (7.6) (9.2)  
Restructuring and other strategic business development costs 0.6 (23.9) (25.3)  
Impairment of intangible assets 0.0 (6.0) (11.0)  
COVID-19 incremental costs 0.0 (7.6) 0.0  
Other gains (losses) (2.3) 14.3 7.3  
Total selling, general, and administrative expenses (22.3) (35.6) (40.0)  
Impairment of brewery construction in progress (665.9) 0.0 0.0  
Impairment of assets held for sale 0.0 (24.0) (449.7)  
Gain (loss) on sale of business 1.7 14.2 74.1  
Comparable Adjustments, Operating income (loss) (604.1) (97.0) (577.9)  
Adjustment to understated excise tax accruals primarily related to a prior period acquisition (13.3) 0.0 0.0  
Decrease (increase) in estimated fair value of contingent liabilities associated with prior period acquisitions (9.6) 9.7 (11.4)  
Property tax settlement 10.4 0.0 0.0  
Sale of certain non-core assets 0.0 8.8 (0.3)  
Segment Reconciling Items [Member] | Disposal Group, Not Discontinued Operations | Wine and Spirits Divestitures        
Selling, general, and administrative expenses        
Transition services agreements activity (19.2) 0.4 0.0  
Segment Reconciling Items [Member] | Guarantee obligations        
Selling, general, and administrative expenses        
Recognition of previously deferred gain upon release of a related guarantee 0.0 0.0 6.2  
Segment Reconciling Items [Member] | Wine and Spirits        
Selling, general, and administrative expenses        
Increase in our ownership interest in My Favorite Neighbor (Fiscal 2022) and Nelson’s Green Brier (Fiscal 2020)   0.0    
Segment Reconciling Items [Member] | Wine and Spirits | My Favorite Neighbor Acquisition        
Selling, general, and administrative expenses        
Increase in our ownership interest in My Favorite Neighbor (Fiscal 2022) and Nelson’s Green Brier (Fiscal 2020) 13.5      
Segment Reconciling Items [Member] | Wine and Spirits | Nelson's Green Brier Acquisition        
Selling, general, and administrative expenses        
Increase in our ownership interest in My Favorite Neighbor (Fiscal 2022) and Nelson’s Green Brier (Fiscal 2020)     11.8  
Segment Reconciling Items [Member] | Selling, general, and administrative expenses        
Cost of product sold        
COVID-19 incremental costs 0.0 (4.8) 0.0  
Selling, general, and administrative expenses        
COVID-19 incremental costs 0.0 (4.8) 0.0  
Segment Reconciling Items [Member] | Commodity derivative contracts        
Cost of product sold        
Net gain (loss) on undesignated commodity derivative contracts 109.9 25.1 (49.0)  
Settlements of undesignated commodity derivative contracts (35.9) 31.6 11.7  
Selling, general, and administrative expenses        
Net gain (loss) on undesignated commodity derivative contracts 109.9 25.1 (49.0)  
Segment Reconciling Items [Member] | Foreign currency contracts        
Cost of product sold        
Net gain (loss) on undesignated commodity derivative contracts 0.0 (8.0) (1.8)  
Selling, general, and administrative expenses        
Net gain (loss) on undesignated commodity derivative contracts $ 0.0 $ (8.0) $ (1.8)