Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges (Tables)

v2.4.0.6
Restructuring Charges (Tables)
6 Months Ended
Aug. 31, 2012
Restructuring and Related Activities [Abstract]  
Details of restructuring liability by plan
Details of this plan for which the Company expects to incur additional costs are presented separately in the following table. Plans for which exit activities were substantially complete prior to March 1, 2012, are reported below under “Other Plans.”
 
Fiscal
2012
Initiative
 
Other
Plans
 
Total
(in millions)
 
 
 
 
 
Restructuring liability, February 29, 2012
$
8.0

 
$
6.8

 
$
14.8

 
 
 
 
 
 
Restructuring charges:
 
 
 
 
 
Employee termination benefit costs
0.4

 

 
0.4

Contract termination costs

 

 

Facility consolidation/relocation costs

 
0.1

 
0.1

Restructuring charges, May 31, 2012
0.4

 
0.1

 
0.5

 
 
 
 
 
 
Employee termination benefit costs
0.2

 

 
0.2

Contract termination costs

 

 

Facility consolidation/relocation costs

 

 

Restructuring charges, August 31, 2012
0.2

 

 
0.2

Total restructuring charges
0.6

 
0.1

 
0.7

 
 
 
 
 
 
Cash expenditures
(4.9
)
 
(2.0
)
 
(6.9
)
 
 
 
 
 
 
Foreign currency translation and other noncash adjustments

 
(0.1
)
 
(0.1
)
Restructuring liability, August 31, 2012
$
3.7

 
$
4.8

 
$
8.5

Summary of restructuring charges and other costs incurred
The following table presents a summary of restructuring charges and other costs incurred, including a summary of amounts incurred by each of the Company’s reportable segments, in connection with the Company’s restructuring plans noted above.
 
Fiscal
2012
Initiative
 
Other
Plans
 
Total
(in millions)
 
 
 
 
 
For the Six Months Ended August 31, 2012
 
 
 
 
 
Restructuring charges
$
0.6

 
$
0.1

 
$
0.7

Other costs:
 
 
 
 
 
Accelerated depreciation (cost of product sold)

 

 

Other costs (selling, general and administrative expenses)
5.4

 

 
5.4

Total other costs
5.4

 

 
5.4

Total costs
$
6.0

 
$
0.1

 
$
6.1

 
 
 
 
 
 
Total Costs by Reportable Segment:
 
 
 
 
 
Constellation Wines and Spirits
 
 
 
 
 
Restructuring charges
$
1.5

 
$
0.1

 
$
1.6

Other costs
2.5

 

 
2.5

Total Constellation Wines and Spirits
$
4.0

 
$
0.1

 
$
4.1

 
 
 
 
 
 
 
Fiscal
2012
Initiative
 
Other
Plans
 
Total
(in millions)
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
Restructuring charges
$
(0.9
)
 
$

 
$
(0.9
)
Other costs
2.9

 

 
2.9

Total Corporate Operations and Other
$
2.0

 
$

 
$
2.0

 
 
 
 
 
 
For the Six Months Ended August 31, 2011
 
 
 
 
 
Restructuring charges
$
10.8

 
$

 
$
10.8

Other costs:
 
 
 
 
 
Accelerated depreciation (cost of product sold)

 
0.3

 
0.3

Other costs (selling, general and administrative expenses)
3.5

 
0.7

 
4.2

Total other costs
3.5

 
1.0

 
4.5

Total costs
$
14.3

 
$
1.0

 
$
15.3

 
 
 
 
 
 
Total Costs by Reportable Segment:
 
 
 
 
 
Constellation Wines and Spirits
 
 
 
 
 
Restructuring charges
$
5.3

 
$

 
$
5.3

Other costs
2.5

 
1.0

 
3.5

Total Constellation Wines and Spirits
$
7.8

 
$
1.0

 
$
8.8

 
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
Restructuring charges
$
5.5

 
$

 
$
5.5

Other costs
1.0

 

 
1.0

Total Corporate Operations and Other
$
6.5

 
$

 
$
6.5

 
 
 
 
 
 
For the Three Months Ended August 31, 2012
 
 
 
 
 
Restructuring charges
$
0.2

 
$

 
$
0.2

Other costs:
 
 
 
 
 
Accelerated depreciation (cost of product sold)

 

 

Other costs (selling, general and administrative expenses)
2.7

 

 
2.7

Total other costs
2.7

 

 
2.7

Total costs
$
2.9

 
$

 
$
2.9

 
 
 
 
 
 
Total Costs by Reportable Segment:
 
 
 
 
 
Constellation Wines and Spirits
 
 
 
 
 
Restructuring charges
$
0.9

 
$

 
$
0.9

Other costs
0.9

 

 
0.9

Total Constellation Wines and Spirits
$
1.8

 
$

 
$
1.8

 
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
Restructuring charges
$
(0.7
)
 
$

 
$
(0.7
)
Other costs
1.8

 

 
1.8

Total Corporate Operations and Other
$
1.1

 
$

 
$
1.1

 
 
 
 
 
 
 
Fiscal
2012
Initiative
 
Other
Plans
 
Total
(in millions)
 
 
 
 
 
For the Three Months Ended August 31, 2011
 
 
 
 
 
Restructuring charges
$
(0.2
)
 
$
(0.1
)
 
$
(0.3
)
Other costs:
 
 
 
 
 
Accelerated depreciation (cost of product sold)

 
0.1

 
0.1

Other costs (selling, general and administrative expenses)
2.5

 
0.6

 
3.1

Total other costs
2.5

 
0.7

 
3.2

Total costs
$
2.3

 
$
0.6

 
$
2.9

 
 
 
 
 
 
Total Costs by Reportable Segment:
 
 
 
 
 
Constellation Wines and Spirits
 
 
 
 
 
Restructuring charges
$
(0.2
)
 
$
(0.1
)
 
$
(0.3
)
Other costs
2.4

 
0.7

 
3.1

Total Constellation Wines and Spirits
$
2.2

 
$
0.6

 
$
2.8

 
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
Restructuring charges
$

 
$

 
$

Other costs
0.1

 

 
0.1

Total Corporate Operations and Other
$
0.1

 
$

 
$
0.1


Summary of restructuring charges and other costs incurred since inception and total expected costs for each plan
A summary of restructuring charges and other costs incurred since inception for the Company’s significant restructuring plan with current activity, as well as total expected costs for such plan, is presented in the following table.
 
Fiscal
2012
Initiative
(in millions)
 
Costs Incurred to Date
 
Restructuring charges:
 
Employee termination benefit costs
$
12.8

Contract termination costs

Facility consolidation/relocation costs

Total restructuring charges
12.8

Other costs:
 
Accelerated depreciation (cost of product sold)

Other costs (selling, general and administrative expenses)
12.7

Total other costs
12.7

Total costs incurred to date
$
25.5

 
 
Total Costs Incurred to Date by Reportable Segment:
 
Constellation Wines and Spirits
 
Restructuring charges
$
9.4

Other costs
7.7

Total Constellation Wines and Spirits
$
17.1

 
 
 
Fiscal
2012
Initiative
(in millions)
 
Corporate Operations and Other
 
Restructuring charges
$
3.4

Other costs
5.0

Total Corporate Operations and Other
$
8.4

 
 
Total Expected Costs
 
Restructuring charges:
 
Employee termination benefit costs
$
13.0

Contract termination costs
0.4

Facility consolidation/relocation costs

Total restructuring charges
13.4

Other costs:
 
Accelerated depreciation (cost of product sold)

Other costs (selling, general and administrative expenses)
16.6

Total other costs
16.6

Total expected costs
$
30.0

 
 
Total Expected Costs by Reportable Segment:
 
Constellation Wines and Spirits
 
Restructuring charges
$
9.8

Other costs
10.0

Total Constellation Wines and Spirits
$
19.8

 
 
Corporate Operations and Other
 
Restructuring charges
$
3.6

Other costs
6.6

Total Corporate Operations and Other
$
10.2