Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v2.4.0.8
Goodwill
 3 Months Ended
May 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
GOODWILL:

The changes in the carrying amount of goodwill are as follows:
 
Wine and Spirits
 
Beer
 
Consolidation
and
Eliminations
 
Consolidated
(in millions)
 
 
 
 
 
 
 
Balance, February 28, 2013
 
 
 
 
 
 
 
Goodwill
$
2,722.3

 
$
13.0

 
$
(13.0
)
 
$
2,722.3

Accumulated impairment losses
—

 
—

 
—

 
—

 
2,722.3

 
13.0

 
(13.0
)
 
2,722.3

Purchase accounting allocations
—

 
3,702.8

 
13.0

 
3,715.8

Impairment of goodwill
(278.7
)
 
—

 
—

 
(278.7
)
Foreign currency translation adjustments
(11.4
)
 
(1.2
)
 
—

 
(12.6
)
Balance, February 28, 2014
 
 
 
 
 
 
 
Goodwill
2,693.5

 
3,714.6

 
—

 
6,408.1

Accumulated impairment losses
(261.3
)
 
—

 
—

 
(261.3
)
 
2,432.2

 
3,714.6

 
—

 
6,146.8

Foreign currency translation adjustments
4.9

 
1.4

 
—

 
6.3

Balance, May 31, 2014
 
 
 
 
 
 
 
Goodwill
2,703.7

 
3,716.0

 
—

 
6,419.7

Accumulated impairment losses
(266.6
)
 
—

 
—

 
(266.6
)
 
$
2,437.1

 
$
3,716.0

 
$
—

 
$
6,153.1



For the year ended February 28, 2014, purchase accounting allocations of $3,702.8 million and $13.0 million in the Beer segment and Consolidation and Eliminations, respectively, consist of purchase accounting allocations associated with the Beer Business Acquisition. For the year ended February 28, 2014, impairment of goodwill in the Wine and Spirits segment consists of an impairment loss of $278.7 million associated with goodwill assigned to the segment’s Canadian reporting unit.