Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss) Attributable to CBI

v3.24.3
Comprehensive Income (Loss) Attributable to CBI
 6 Months Ended
Aug. 31, 2024
Equity [Abstract]  
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CBI COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CBI
Comprehensive income (loss) consists of net income (loss), foreign currency translation adjustments, unrealized net gain (loss) on derivative instruments, pension/postretirement adjustments, and our share of OCI of equity method investments. The reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI is as follows:
Before Tax
Amount		 Tax (Expense)
Benefit		 Net of Tax
Amount
(in millions)
For the Six Months Ended August 31, 2024
Net income (loss) attributable to CBI $ (322.0)
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ (587.0) $ —  (587.0)
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (587.0) —  (587.0)
Before Tax
Amount		 Tax (Expense)
Benefit		 Net of Tax
Amount
(in millions)
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) (157.5) 18.3  (139.2)
Amounts reclassified (76.9) 9.1  (67.8)
Net gain (loss) recognized in other comprehensive income (loss) (234.4) 27.4  (207.0)
Pension/postretirement adjustments:
Net actuarial gain (loss) 0.5  (0.2) 0.3 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 0.5  (0.2) 0.3 
Share of OCI of equity method investments
Net gain (loss) —  —  — 
Amounts reclassified (10.0) (0.1) (10.1)
Net gain (loss) recognized in other comprehensive income (loss) (10.0) (0.1) (10.1)
Other comprehensive income (loss) attributable to CBI $ (830.9) $ 27.1  (803.8)
Comprehensive income (loss) attributable to CBI $ (1,125.8)
For the Six Months Ended August 31, 2023
Net income (loss) attributable to CBI $ 825.9 
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ 323.6  $ —  323.6 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 323.6  —  323.6 
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) 162.8  (19.5) 143.3 
Amounts reclassified (69.5) 8.0  (61.5)
Net gain (loss) recognized in other comprehensive income (loss) 93.3  (11.5) 81.8 
Pension/postretirement adjustments:
Net actuarial gain (loss) (0.5) 0.1  (0.4)
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (0.5) 0.1  (0.4)
Share of OCI of equity method investments
Net gain (loss) 0.8  0.1  0.9 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 0.8  0.1  0.9 
Other comprehensive income (loss) attributable to CBI $ 417.2  $ (11.3) 405.9 
Comprehensive income (loss) attributable to CBI $ 1,231.8 
Before Tax
Amount		 Tax (Expense)
Benefit		 Net of Tax
Amount
(in millions)
For the Three Months Ended August 31, 2024
Net income (loss) attributable to CBI $ (1,199.0)
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ (600.5) $ —  (600.5)
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (600.5) —  (600.5)
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) (185.7) 21.6  (164.1)
Amounts reclassified (34.8) 4.1  (30.7)
Net gain (loss) recognized in other comprehensive income (loss) (220.5) 25.7  (194.8)
Pension/postretirement adjustments:
Net actuarial gain (loss) 0.5  (0.2) 0.3 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 0.5  (0.2) 0.3 
Share of OCI of equity method investments
Net gain (loss) —  —  — 
Amounts reclassified 0.3  (0.1) 0.2 
Net gain (loss) recognized in other comprehensive income (loss) 0.3  (0.1) 0.2 
Other comprehensive income (loss) attributable to CBI $ (820.2) $ 25.4  (794.8)
Comprehensive income (loss) attributable to CBI $ (1,993.8)
For the Three Months Ended August 31, 2023
Net income (loss) attributable to CBI $ 690.0 
Other comprehensive income (loss) attributable to CBI:
Foreign currency translation adjustments:
Net gain (loss) $ 160.2  $ —  160.2 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 160.2  —  160.2 
Unrealized gain (loss) on cash flow hedges:
Net derivative gain (loss) 76.4  (9.1) 67.3 
Amounts reclassified (41.7) 4.8  (36.9)
Net gain (loss) recognized in other comprehensive income (loss) 34.7  (4.3) 30.4 
Pension/postretirement adjustments:
Net actuarial gain (loss) (0.2) —  (0.2)
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) (0.2) —  (0.2)
Share of OCI of equity method investments
Net gain (loss) 1.1  —  1.1 
Amounts reclassified —  —  — 
Net gain (loss) recognized in other comprehensive income (loss) 1.1  —  1.1 
Other comprehensive income (loss) attributable to CBI $ 195.8  $ (4.3) 191.5 
Comprehensive income (loss) attributable to CBI $ 881.5 
Accumulated other comprehensive income (loss), net of income tax effect, includes the following components:
Foreign
Currency
Translation
Adjustments		 Unrealized Net
Gain (Loss)
on Derivative
Instruments		 Pension/
Postretirement
Adjustments		 Share of OCI
of Equity
Method
Investments		 Accumulated
Other
Comprehensive
Income (Loss)
(in millions)
Balance, February 29, 2024 $ 102.9  $ 266.2  $ (2.6) $ 10.3  $ 376.8 
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassification adjustments (587.0) (139.2) 0.3  —  (725.9)
Amounts reclassified from accumulated other comprehensive income (loss) —  (67.8) —  (10.1) (77.9)
Other comprehensive income (loss) (587.0) (207.0) 0.3  (10.1) (803.8)
Balance, August 31, 2024 $ (484.1) $ 59.2  $ (2.3) $ 0.2  $ (427.0)