Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v2.4.0.6
Goodwill (Tables)
9 Months Ended
Nov. 30, 2011
Goodwill and Intangible Assets [Abstract]  
Changes in the carrying amount of goodwill
      $00,000,000       $00,000,000       $00,000,000       $00,000,000       $00,000,000  
    Constellation
Wines
North
America
(“CWNA”)
    Constellation
Wines
Australia and
Europe
(“CWAE”)
    Crown
Imports
LLC
    Consolidations
and
Eliminations
    Consolidated  

(in millions)

                                       

Balance, February 28, 2010

                                       

Goodwill

  $ 2,570.6     $ 852.6     $ 13.0     $ (13.0   $ 3,423.2  

Accumulated impairment losses

    -               (852.6     -               -               (852.6
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
      2,570.6       -               13.0       (13.0     2,570.6  

Foreign currency translation adjustments

    49.2       -            

 

-        

  

    -               49.2  

Divestiture of business

                                       

Goodwill

    -               (852.6     -               -               (852.6

Accumulated impairment losses

    -               852.6       -               -               852.6  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, February 28, 2011

                                       

Goodwill

    2,619.8       -               13.0       (13.0     2,619.8  

Accumulated impairment losses

    -               -               -               -               -          
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
      2,619.8       -               13.0       (13.0     2,619.8  

Foreign currency translation adjustments

    (17.6     -               -               -               (17.6
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, November 30, 2011

                                       

Goodwill

    2,602.2       -               13.0       (13.0     2,602.2  

Accumulated impairment losses

    -               -               -               -               -          
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 2,602.2     $ -             $ 13.0     $ (13.0   $ 2,602.2  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Net gain recognized and net cash proceeds received on divestiture of business
         
(in millions)      

Net assets sold

  $ (734.1

Cash received from buyer, net of cash divested and post-closing adjustments paid

    205.8  

Retained interest in Accolade

    48.2  

Foreign currency reclassification

    678.8  

Indemnification liabilities (see Note 12)

    (25.4

Direct costs to sell, paid and accrued

    (13.2

Other

    8.0  
   

 

 

 

Net gain on sale

    168.1  

Loss on settlement of pension obligations

    (109.9
   

 

 

 

Net gain

  $ 58.2