Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v2.4.0.8
Business Segment Information (Tables)
6 Months Ended
Aug. 31, 2013
Segment Reporting [Abstract]  
Restructuring charges and unusual items
For the six months and three months ended August 31, 2013, and August 31, 2012, restructuring charges and unusual items included in operating income consist of:
 
For the Six Months
Ended August 31,
 
For the Three Months
Ended August 31,
 
2013
 
2012
 
2013
 
2012
(in millions)
 
 
 
 
 
 
 
Cost of Product Sold:
 
 
 
 
 
 
 
Flow through of inventory step-up
$
11.0

 
$
2.3

 
$
9.5

 
$
1.5

Amortization of favorable interim supply agreement
2.1

 

 
2.1

 

Cost of Product Sold
13.1

 
2.3

 
11.6

 
1.5

 
 
 
 
 
 
 
 
Selling, General and Administrative Expenses:
 
 
 
 
 
 
 
Transaction and related costs associated with pending and completed acquisitions
34.9

 
9.1

 
7.4

 
9.1

Deferred compensation
7.0

 

 

 

Restructuring charges
(0.9
)
 
0.7

 

 
0.2

Other costs
(2.0
)
 
1.4

 

 
(0.8
)
Selling, General and Administrative Expenses
39.0


11.2

 
7.4

 
8.5

 
 
 
 
 
 
 
 
Impairment of Goodwill and Intangible Assets
300.9

 

 
300.9

 

 
 
 
 
 
 
 
 
Gain on Remeasurement to Fair Value of Equity Method Investment
(1,642.0
)
 

 
(1,642.0
)
 

 
 
 
 
 
 
 
 
Restructuring Charges and Unusual Items
$
(1,289.0
)
 
$
13.5

 
$
(1,322.1
)
 
$
10.0

Segment information
Segment information is as follows:
 
For the Six Months
Ended August 31,
 
For the Three Months
Ended August 31,
 
2013
 
2012
 
2013
 
2012
(in millions)
 
 
 
 
 
 
 
Beer
 
 
 
 
 
 
 
Net sales
$
1,576.2

 
$
1,512.5

 
$
814.6

 
$
788.4

Segment operating income
$
363.9

 
$
266.4

 
$
229.9

 
$
143.4

Long-lived tangible assets
$
668.7

 
$
9.0

 
$
668.7

 
$
9.0

Total assets
$
7,294.5

 
$
463.7

 
$
7,294.5

 
$
463.7

Capital expenditures
$
3.6

 
$
0.4

 
$
3.3

 
$
0.1

Depreciation and amortization
$
13.1

 
$
1.5

 
$
12.6

 
$
0.8

 
 
 
 
 
 
 
 
 
For the Six Months
Ended August 31,
 
For the Three Months
Ended August 31,
 
2013
 
2012
 
2013
 
2012
(in millions)
 
 
 
 
 
 
 
Wine and Spirits
 
 
 
 
 
 
 
Net sales:
 
 
 
 
 
 
 
Wine
$
1,226.4

 
$
1,177.2

 
$
629.1

 
$
615.9

Spirits
144.0

 
156.1

 
$
67.9

 
$
82.6

Net sales
$
1,370.4

 
$
1,333.3

 
$
697.0

 
$
698.5

Segment operating income
$
282.4

 
$
294.3

 
$
154.8

 
$
161.3

Equity in earnings (losses) of equity method investees
$
0.1

 
$
(1.1
)
 
$
(0.6
)
 
$
(0.8
)
Long-lived tangible assets
$
1,081.3

 
$
1,101.7

 
$
1,081.3

 
$
1,101.7

Investments in equity method investees
$
73.2

 
$
70.3

 
$
73.2

 
$
70.3

Total assets
$
6,403.1

 
$
6,822.4

 
$
6,403.1

 
$
6,822.4

Capital expenditures
$
35.6

 
$
30.7

 
$
19.1

 
$
14.9

Depreciation and amortization
$
47.5

 
$
44.4

 
$
23.4

 
$
21.9

 
 
 
 
 
 
 
 
Corporate Operations and Other
 
 
 
 
 
 
 
Net sales
$

 
$

 
$

 
$

Segment operating loss
$
(48.2
)
 
$
(44.1
)
 
$
(24.2
)
 
$
(20.7
)
Long-lived tangible assets
$
120.4

 
$
131.8

 
$
120.4

 
$
131.8

Total assets
$
425.2

 
$
1,039.0

 
$
425.2

 
$
1,039.0

Capital expenditures
$
10.3

 
$
4.9

 
$
4.8

 
$
1.1

Depreciation and amortization
$
11.1

 
$
11.6

 
$
6.2

 
$
6.0

 
 
 
 
 
 
 
 
Restructuring Charges and Unusual Items
 
 
 
 
 
 
 
Operating income (loss)
$
1,289.0

 
$
(13.5
)
 
$
1,322.1

 
$
(10.0
)
Equity in losses of equity method investees
$
(0.1
)
 
$

 
$

 
$

 
 
 
 
 
 
 
 
Consolidation and Eliminations
 
 
 
 
 
 
 
Net sales
$
(813.4
)
 
$
(1,512.5
)
 
$
(51.8
)
 
$
(788.4
)
Operating income
$
(142.6
)
 
$
(266.4
)
 
$
(8.6
)
 
$
(143.4
)
Equity in earnings of Crown Imports
$
70.3

 
$
132.2

 
$
4.3

 
$
71.3

Long-lived tangible assets
$

 
$
(9.0
)
 
$

 
$
(9.0
)
Investments in equity method investees
$

 
$
179.1

 
$

 
$
179.1

Total assets
$

 
$
(284.6
)
 
$

 
$
(284.6
)
Capital expenditures
$
(0.3
)
 
$
(0.4
)
 
$

 
$
(0.1
)
Depreciation and amortization
$
(0.5
)
 
$
(1.5
)
 
$

 
$
(0.8
)
 
 
 
 
 
 
 
 
Consolidated
 
 
 
 
 
 
 
Net sales
$
2,133.2

 
$
1,333.3

 
$
1,459.8

 
$
698.5

Operating income
$
1,744.5

 
$
236.7

 
$
1,674.0

 
$
130.6

Equity in earnings of equity method investees
$
70.3

 
$
131.1

 
$
3.7

 
$
70.5

Long-lived tangible assets
$
1,870.4

 
$
1,233.5

 
$
1,870.4

 
$
1,233.5

Investments in equity method investees
$
73.2

 
$
249.4

 
$
73.2

 
$
249.4

Total assets
$
14,122.8

 
$
8,040.5

 
$
14,122.8

 
$
8,040.5

Capital expenditures
$
49.2

 
$
35.6

 
$
27.2

 
$
16.0

Depreciation and amortization
$
71.2

 
$
56.0

 
$
42.2

 
$
27.9