Constellation Brands (STZ) 10-Q 29 Jun 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 31, 2017	Jun. 23, 2017
Entity Registrant Name	CONSTELLATION BRANDS, INC.
Entity Central Index Key	16,918
Document Type	10-Q
Document Period End Date	May 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--02-28
Entity Filer Category	Large Accelerated Filer
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		171,963,496
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		23,338,727
Class 1 Common Stock [Member]
Entity Common Stock, Shares Outstanding		7,720

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Current assets:
Cash and cash equivalents	$ 199.1	$ 177.4
Accounts receivable	832	737
Inventories	1,936.9	1,955.1
Prepaid expenses and other	392.5	360.5
Total current assets	3,360.5	3,230
Property, plant and equipment	4,186.9	3,932.8
Goodwill	7,972.3	7,920.5
Intangible assets	3,289.7	3,377.7
Other assets	150	141.4
Total assets	18,959.4	18,602.4
Current liabilities:
Notes payable to banks	988.1	606.5
Current maturities of long-term debt	146.2	910.9
Accounts payable	558.8	559.8
Other accrued expenses and liabilities	489.3	620.4
Total current liabilities	2,182.4	2,697.6
Long-term debt, less current maturities	8,077.2	7,720.7
Deferred income taxes	1,135.5	1,133.6
Other liabilities	166.5	165.7
Total liabilities	11,561.6	11,717.6
Commitments and contingencies
CBI stockholders’ equity:
Additional paid-in capital	2,759.8	2,755.8
Retained earnings	7,612.3	7,310
Accumulated other comprehensive loss	(212.3)	(399.8)
Total stockholders’ equity before treasury stock adjustments	10,162.7	9,668.9
Less: Treasury stock –	(2,773)	(2,777.7)
Total CBI stockholders’ equity	7,389.7	6,891.2
Noncontrolling interests	8.1	(6.4)
Total stockholders’ equity	7,397.8	6,884.8
Total liabilities and stockholders’ equity	18,959.4	18,602.4
Class A Common Stock [Member]
CBI stockholders’ equity:
Common stock, value	2.6	2.6
Less: Treasury stock –	(2,770.8)	(2,775.5)
Class B Convertible Common Stock [Member]
CBI stockholders’ equity:
Common stock, value	0.3	0.3
Less: Treasury stock –	$ (2.2)	$ (2.2)

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	May 31, 2017	Feb. 28, 2017
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	322,000,000	322,000,000
Common stock, shares issued	258,010,515	257,506,184
Treasury stock, shares at cost	86,082,806	86,262,971
Class B Convertible Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	30,000,000
Common stock, shares issued	28,344,527	28,358,527
Treasury stock, shares at cost	5,005,800	5,005,800

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Sales	$ 2,115.3	$ 2,053
Less – excise taxes	(179.8)	(181.2)
Net sales	1,935.5	1,871.8
Cost of product sold	(940.2)	(990.5)
Gross profit	995.3	881.3
Selling, general and administrative expenses	(427.2)	(328.6)
Operating income	568.1	552.7
Equity in earnings of equity method investees	0.4	0.7
Interest expense	(82.4)	(84.6)
Loss on write-off of debt issuance costs	(6.7)	0
Income before income taxes	479.4	468.8
Provision for income taxes	(74.1)	(149.7)
Net income	405.3	319.1
Net income attributable to noncontrolling interests	(2.5)	(0.8)
Net income attributable to CBI	402.8	318.3
Comprehensive income	604.8	313.2
Comprehensive (income) loss attributable to noncontrolling interests	(14.5)	1.1
Comprehensive income attributable to CBI	590.3	314.3
Class A Common Stock [Member]
Net income attributable to CBI	$ 358.6	$ 284.2
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 2.09	$ 1.61
Net income per common share attributable to CBI, diluted	$ 2	$ 1.55
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	171,555	176,542
Weighted average common shares outstanding, diluted	201,030	205,367
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.52	$ 0.40
Class B Convertible Common Stock [Member]
Net income attributable to CBI	$ 44.2	$ 34.1
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 1.90	$ 1.46
Net income per common share attributable to CBI, diluted	$ 1.85	$ 1.43
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	23,344	23,353
Weighted average common shares outstanding, diluted	23,344	23,353
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.47	$ 0.36

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Cash flows from operating activities:
Net income	$ 405.3	$ 319.1
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment and amortization of intangible assets	88.2	4.2
Depreciation	70.1	55.8
Stock-based compensation	15.1	16
Amortization and loss on write-off of debt issuance costs	9.8	3.2
Deferred tax provision (benefit)	(8.5)	56
Change in operating assets and liabilities, net of effects from purchase of business:
Accounts receivable	(96.8)	(39)
Inventories	18.4	(19)
Prepaid expenses and other current assets	(36)	(31.6)
Accounts payable	(13.6)	55.9
Deferred revenue	42.4	26.8
Other accrued expenses and liabilities	(130.7)	(69.4)
Other	17.9	(32.1)
Total adjustments	(23.7)	26.8
Net cash provided by operating activities	381.6	345.9
Cash flows from investing activities:
Purchases of property, plant and equipment	(217.1)	(169.4)
Payments related to sale of business	(5)	0
Purchase of business	0	(284.9)
Other investing activities	0.8	0.4
Net cash used in investing activities	(221.3)	(453.9)
Cash flows from financing activities:
Principal payments of long-term debt	(1,913.4)	(94.2)
Dividends paid	(100.5)	(79.3)
Payments of minimum tax withholdings on stock-based payment awards	(22.3)	(45.5)
Payments of debt issuance costs	(11.8)	(3.2)
Proceeds from issuance of long-term debt	1,508.5	709.5
Net proceeds from (repayments of) notes payable	381.3	(379.1)
Proceeds from shares issued under equity compensation plans	16.6	15.9
Excess tax benefits from stock-based payment awards	0	68.8
Purchases of treasury stock	0	(1)
Net cash provided by (used in) financing activities	(141.6)	191.9
Effect of exchange rate changes on cash and cash equivalents	3	0.3
Net increase in cash and cash equivalents	21.7	84.2
Cash and cash equivalents, beginning of period	177.4	83.1
Cash and cash equivalents, end of period	199.1	167.3
Supplemental disclosures of noncash investing and financing activities:
Additions to property, plant and equipment	$ 174	$ 88

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION: Unless the context otherwise requires, the terms “Company,” “CBI,” “we,” “our,” or “us” refer to Constellation Brands, Inc. and its subsidiaries. We have prepared the consolidated financial statements included herein, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission applicable to quarterly reporting on Form 10-Q and reflect, in our opinion, all adjustments necessary to present fairly our financial information. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements, prepared in accordance with generally accepted accounting principles, have been condensed or omitted as permitted by such rules and regulations. These consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended February 28, 2017 (the “2017 Annual Report”). Results of operations for interim periods are not necessarily indicative of annual results. For the three months ended May 31, 2016, we reclassified $9.5 million on the Consolidated Statements of Cash Flows from proceeds from noncontrolling interests to proceeds from issuance of long-term debt in connection with an immaterial adjustment recorded during the three months ended August 31, 2016, for the conversion of noncontrolling equity interest to long-term debt related to a prior period.

Recently Adopted Accounting Gui

Recently Adopted Accounting Guidance	3 Months Ended
	May 31, 2017
Accounting Policies [Abstract]
RECENTLY ADOPTED ACCOUNTING GUIDANCE	RECENTLY ADOPTED ACCOUNTING GUIDANCE: Stock-based employee compensation – Effective March 1, 2017, we adopted the FASB amended guidance for, among other items, the accounting for income taxes related to share-based compensation and the related classification in the statement of cash flows. This guidance requires the recognition of excess tax benefits and deficiencies (resulting from an increase or decrease in the fair value of an award from grant date to the vesting or settlement date) in the provision for income taxes as a discrete item in the quarterly period in which they occur. Through February 28, 2017, these amounts were recognized in additional paid-in capital at the time of vesting or settlement. In addition, these amounts are classified as an operating activity in the statement of cash flows instead of as a financing activity where they were previously presented. We adopted this guidance on a prospective basis and, accordingly, prior periods have not been adjusted. Adoption of this guidance resulted in the recognition of excess tax benefits in our provision for income taxes rather than additional paid-in capital of $32.5 million for the three months ended May 31, 2017 . The adoption of this amended guidance also impacted our calculation of diluted earnings per share under the treasury stock method, as excess tax benefits and deficiencies resulting from share-based compensation are no longer included in the assumed proceeds calculation. This change resulted in a decrease in diluted earnings per share of $0.02 for the three months ended May 31, 2017 . We have elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. The remaining provisions of this amended guidance did not have a material impact on our consolidated financial statements.

Inventories

Inventories	3 Months Ended
	May 31, 2017
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES: Inventories are stated at the lower of cost (primarily computed in accordance with the first-in, first-out method) or net realizable value. Elements of cost include materials, labor and overhead and consist of the following: May 31, February 28, (in millions ) Raw materials and supplies $ 169.5 $ 149.7 In-process inventories 1,189.8 1,260.1 Finished case goods 577.6 545.3 $ 1,936.9 $ 1,955.1

Derivative Instruments

Derivative Instruments	3 Months Ended
	May 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS: Overview – Our risk management and derivative accounting policies are presented in Notes 1 and 6 of our consolidated financial statements included in our 2017 Annual Report and have not changed significantly for the three months ended May 31, 2017 . The aggregate notional value of outstanding derivative instruments is as follows: May 31, February 28, (in millions ) Derivative instruments designated as hedging instruments Foreign currency contracts $ 998.7 $ 981.7 Interest rate swap contracts $ 250.0 $ 250.0 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 288.5 $ 389.9 Commodity derivative contracts $ 165.8 $ 153.2 Credit risk – We are exposed to credit-related losses if the counterparties to our derivative contracts default. This credit risk is limited to the fair value of the derivative contracts. To manage this risk, we contract only with major financial institutions that have earned investment-grade credit ratings and with whom we have standard International Swaps and Derivatives Association agreements which allow for net settlement of the derivative contracts. We have also established counterparty credit guidelines that are regularly monitored. Because of these safeguards, we believe the risk of loss from counterparty default to be immaterial. In addition, our derivative instruments are not subject to credit rating contingencies or collateral requirements. As of May 31, 2017 , the estimated fair value of derivative instruments in a net liability position due to counterparties was $16.2 million . If we were required to settle the net liability position under these derivative instruments on May 31, 2017 , we would have had sufficient available liquidity on hand to satisfy this obligation. Results of period derivative activity – The estimated fair value and location of our derivative instruments on our balance sheets are as follows (see Note 5 ): Assets Liabilities May 31, February 28, May 31, February 28, (in millions) Derivative instruments designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 15.4 $ 5.2 Other accrued expenses and liabilities $ 11.7 $ 30.4 Other assets $ 14.2 $ 6.0 Other liabilities $ 15.7 $ 37.4 Interest rate swap contracts: Prepaid expenses and other $ 0.5 $ 0.3 Other accrued expenses and liabilities $ 0.1 $ 0.3 Other assets $ 3.3 $ 4.4 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.7 $ 2.0 Other accrued expenses and liabilities $ 1.0 $ 2.6 Commodity derivative contracts: Prepaid expenses and other $ 3.3 $ 4.3 Other accrued expenses and liabilities $ 6.0 $ 6.9 Other assets $ 1.2 $ 1.5 Other liabilities $ 5.3 $ 4.7 The principal effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, as well as Other Comprehensive Income (“OCI”), net of income tax effect, is as follows: Derivative Instruments in Designated Cash Flow Hedging Relationships Net Gain (Loss) Recognized in OCI (Effective portion) Location of Net Gain (Loss) Reclassified from AOCI to Income (Effective portion) Net Gain (Loss) Reclassified from AOCI to Income (Effective portion) (in millions) For the Three Months Ended May 31, 2017 Foreign currency contracts $ 38.6 Sales $ 0.3 Cost of product sold (2.7 ) Interest rate swap contracts (2.0 ) Interest expense (0.1 ) $ 36.6 $ (2.5 ) For the Three Months Ended May 31, 2016 Foreign currency contracts $ (2.3 ) Sales $ 0.1 Cost of product sold (5.0 ) Interest rate swap contracts 0.9 Interest expense (1.9 ) $ (1.4 ) $ (6.8 ) We expect $3.2 million of net gains, net of income tax effect, to be reclassified from accumulated other comprehensive income (loss) (“AOCI”) to our results of operations within the next 12 months. The effect of our undesignated derivative instruments on our results of operations is as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Net Gain (Loss) Recognized in Income Net Gain (Loss) Recognized in Income (in millions) For the Three Months Ended May 31, 2017 Commodity derivative contracts Cost of product sold $ (3.1 ) Foreign currency contracts Selling, general and administrative expenses 4.7 $ 1.6 For the Three Months Ended May 31, 2016 Commodity derivative contracts Cost of product sold $ 13.1 Foreign currency contracts Selling, general and administrative expenses (10.5 ) $ 2.6

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	May 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS: Authoritative guidance establishes a framework for measuring fair value and requires disclosures about fair value measurements for financial instruments. This guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and states that a fair value measurement should be determined based on assumptions that market participants would use in pricing an asset or liability. It establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The hierarchy includes three levels: • Level 1 inputs are quoted prices in active markets for identical assets or liabilities; • Level 2 inputs include data points that are observable such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) such as interest rates and yield curves that are observable for the asset and liability, either directly or indirectly; and • Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Fair value methodology and assumptions – The methods and assumptions we use to estimate the fair value for each class of our financial instruments are presented in Notes 1 and 7 of our consolidated financial statements included in our 2017 Annual Report and have not changed significantly for the three months ended May 31, 2017 . The carrying amounts of certain of our financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and notes payable to banks, approximate fair value as of May 31, 2017 , and February 28, 2017 , due to the relatively short maturity of these instruments. As of May 31, 2017 , the carrying amount of long-term debt, including the current portion, was $8,223.4 million , compared with an estimated fair value of $8,534.5 million . As of February 28, 2017 , the carrying amount of long-term debt, including the current portion, was $8,631.6 million , compared with an estimated fair value of $8,845.5 million . Recurring basis measurements – The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis: Fair Value Measurements Using Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (in millions) May 31, 2017 Assets: Foreign currency contracts $ — $ 31.3 $ — $ 31.3 Commodity derivative contracts $ — $ 4.5 $ — $ 4.5 Interest rate swap contracts $ — $ 3.8 $ — $ 3.8 Available-for-sale (“AFS”) debt securities $ — $ — $ 9.2 $ 9.2 Liabilities: Foreign currency contracts $ — $ 28.4 $ — $ 28.4 Commodity derivative contracts $ — $ 11.3 $ — $ 11.3 Interest rate swap contracts $ — $ 0.1 $ — $ 0.1 February 28, 2017 Assets: Foreign currency contracts $ — $ 13.2 $ — $ 13.2 Commodity derivative contracts $ — $ 5.8 $ — $ 5.8 Interest rate swap contracts $ — $ 4.7 $ — $ 4.7 AFS debt securities $ — $ — $ 9.5 $ 9.5 Liabilities: Foreign currency contracts $ — $ 70.4 $ — $ 70.4 Commodity derivative contracts $ — $ 11.6 $ — $ 11.6 Interest rate swap contracts $ — $ 0.3 $ — $ 0.3 Nonrecurring basis measurements – The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the period presented: Fair Value Measurements Using Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Losses (in millions) For the Three Months Ended May 31, 2017 Trademarks $ — $ — $ 136.0 $ 86.8 Trademarks: For the first quarter of fiscal 2018, we identified certain negative trends within our Beer segment’s Ballast Point craft beer portfolio which, when combined with the recent negative craft beer industry trends, including slower growth rates and increased competition, indicated that it was more likely than not that the fair value of our indefinite lived intangible asset associated with the craft beer trademarks might be below its carrying value. These negative trends were the result of (i) a disruption in our distribution network transition plan, (ii) an unexpected decrease in sales from product innovations and (iii) a significant shift in market conditions for our craft beer portfolio, all of which resulted in a decline in net sales and depletion trends, which represent distributor shipments of our branded products to retail customers, for the first quarter of fiscal 2018 as compared to the first quarter of fiscal 2017, following consecutive quarters of significant net sales and depletion volume growth for our craft beer portfolio. Additionally, net sales for the first quarter of fiscal 2018 were below our forecasted net sales for the first quarter of fiscal 2018. Accordingly, we performed a quantitative assessment for impairment of the craft beer trademark asset. As a result of this assessment, the craft beer trademark asset with a carrying value of $222.8 million was written down to its estimated fair value of $136.0 million , resulting in an impairment of $86.8 million . This impairment is included in selling, general and administrative expenses. We measured the amount of impairment by calculating the amount by which the carrying value of the trademark asset exceeded its estimated fair value. The estimated fair value was determined based on an income approach using the relief from royalty method, which assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to exploit the related benefits of the trademark asset. The cash flow projections we use to estimate the fair values of our trademarks involve several assumptions, including (i) projected revenue growth rates, (ii) estimated royalty rates, (iii) after-tax royalty savings expected from ownership of the trademarks and (iv) discount rates used to derive the estimated fair value of the trademarks.

Goodwill

Goodwill	3 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL: The changes in the carrying amount of goodwill are as follows: Beer Wine and Spirits Consolidated (in millions) Balance, February 29, 2016 $ 4,530.1 $ 2,608.5 $ 7,138.6 Purchase accounting allocations (1) 510.8 373.7 884.5 Canadian Divestiture (2) — (126.1 ) (126.1 ) Foreign currency translation adjustments 12.1 11.4 23.5 Balance, February 28, 2017 5,053.0 2,867.5 7,920.5 Purchase accounting allocations (3) 7.8 (0.2 ) 7.6 Foreign currency translation adjustments 45.6 (1.4 ) 44.2 Balance, May 31, 2017 $ 5,106.4 $ 2,865.9 $ 7,972.3 (1) Preliminary purchase accounting allocations associated with the acquisitions of the Obregon Brewery (Beer), and High West and Charles Smith (Wine and Spirits), and purchase accounting allocations primarily associated with the acquisition of Prisoner (Wine and Spirits). See defined acquisition terms below. (2) Includes accumulated impairment losses of C$289.1 million , or $216.8 million . (3) Preliminary purchase accounting allocations associated primarily with the acquisition of the Obregon Brewery. Acquisitions – Obregon Brewery: In December 2016, we acquired a brewery operation business in Obregon, Sonora, Mexico from Grupo Modelo, S. de R.L. de C.V., formerly known as Grupo Modelo, S.A.B. de C.V., (“Modelo”), a subsidiary of Anheuser-Busch InBev SA/NV for cash paid of $568.7 million , net of cash acquired, subject to estimated working capital adjustments due to seller of $1.0 million (the “Obregon Brewery”). The transaction primarily included the acquisition of operations; goodwill; property, plant and equipment; and inventories. The purchase accounting has not yet been finalized due primarily to an incomplete valuation of property, plant and equipment. Further changes to the preliminary purchase price allocation will be recognized as valuations are finalized. This acquisition provided us with immediate functioning brewery capacity to support our fast-growing, high-end Mexican beer portfolio and flexibility for future innovation initiatives. It also enabled us to become fully independent from an interim supply agreement with Modelo, which was terminated at the time of this acquisition. The results of operations of the Obregon Brewery are reported in the Beer segment and have been included in our consolidated results of operations from the date of acquisition. High West: In October 2016, we acquired all of the issued and outstanding common and preferred membership interests of High West Holdings, LLC for $136.6 million , net of cash acquired (“High West”). This transaction primarily included the acquisition of operations, goodwill, trademarks, inventories and property, plant and equipment. This acquisition included a portfolio of craft whiskeys and other select spirits. The results of operations of High West are reported in the Wine and Spirits segment and have been included in our consolidated results of operations from the date of acquisition. Charles Smith: In October 2016, we acquired the Charles Smith Wines, LLC business, a collection of five super and ultra-premium wine brands, for $120.8 million (“Charles Smith”). This transaction primarily included the acquisition of goodwill, trademarks, inventories and certain grape supply contracts, plus an earn-out over three years based on the performance of the brands. The results of operations of Charles Smith are reported in the Wine and Spirits segment and have been included in our consolidated results of operations from the date of acquisition. Prisoner: In April 2016, we acquired The Prisoner Wine Company business, including a portfolio of five super-luxury wine brands, for $284.9 million (“Prisoner”). This transaction primarily included the acquisition of goodwill, inventories, trademarks and certain grape supply contracts. The results of operations of Prisoner are reported in the Wine and Spirits segment and have been included in our results of operations from the date of acquisition. Divestiture – Canadian Divestiture: In December 2016, we sold the Wine and Spirits’ Canadian wine business, which included Canadian wine brands such as Jackson-Triggs and Inniskillin, wineries, vineyards, offices, facilities and Wine Rack retail stores, at a transaction value of C$1.03 billion , or $775.1 million , (the “Canadian Divestiture”). We received cash proceeds of $570.3 million , net of outstanding debt and direct costs to sell of $194.9 million and $9.9 million , respectively. The following table summarizes the net gain recognized in connection with this divestiture: (in millions) Cash received from buyer $ 580.2 Net assets sold (175.3 ) AOCI reclassification adjustments, primarily foreign currency translation (122.5 ) Direct costs to sell (9.9 ) Other (10.1 ) Gain on sale of business $ 262.4 Additionally, our Wine and Spirits’ U.S. business recognized an impairment of $8.4 million in the fourth quarter of fiscal 2017 for trademarks associated with certain U.S. brands sold exclusively through the Canadian wine business for which we expect future sales of these brands to be minimal subsequent to the Canadian Divestiture. We have also recognized $15.2 million of other costs associated with the Canadian Divestiture, with $12.0 million recognized for the year ended February 28, 2017, primarily in connection with the evaluation of the merits of executing an initial public offering for a portion of our then-owned Canadian wine business, and $3.2 million recognized for the three months ended May 31, 2017, in connection with the sale of the Canadian wine business. These amounts are included in selling, general and administrative expenses. In total, we have recognized $238.8 million of net gains associated with the Canadian Divestiture, with $242.0 million of net gains recognized for the year ended February 28, 2017, and $3.2 million of net losses recognized for the three months ended May 31, 2017, as follows: (in millions) Gain on sale of business $ 262.4 Impairment of trademarks (8.4 ) Other net costs (15.2 ) Net gain associated with the Canadian Divestiture and related activities $ 238.8

Intangible Assets

Intangible Assets	3 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS: The major components of intangible assets are as follows: May 31, 2017 February 28, 2017 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.1 $ 47.3 $ 89.1 $ 48.6 Other 19.9 1.6 19.9 1.7 Total $ 109.0 48.9 $ 109.0 50.3 Nonamortizable intangible assets Trademarks 3,240.8 3,327.4 Total intangible assets $ 3,289.7 $ 3,377.7 We did not incur costs to renew or extend the term of acquired intangible assets for the three months ended May 31, 2017 , and May 31, 2016 . Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $1.4 million and $4.2 million for the three months ended May 31, 2017 , and May 31, 2016 , respectively. Estimated amortization expense for the remaining nine months of fiscal 2018 and for each of the five succeeding fiscal years and thereafter is as follows: (in millions) 2018 $ 4.3 2019 $ 5.7 2020 $ 5.5 2021 $ 5.2 2022 $ 4.9 2023 $ 3.2 Thereafter $ 20.1

Borrowings

Borrowings	3 Months Ended
	May 31, 2017
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS: Borrowings consist of the following: May 31, 2017 February 28, Current Long-term Total Total (in millions) Notes payable to banks Senior Credit Facility – Revolving Credit Loans $ 505.0 $ — $ 505.0 $ 231.0 Other 483.1 — 483.1 375.5 $ 988.1 $ — $ 988.1 $ 606.5 Long-term debt Senior Credit Facility – Term Loans $ 129.0 $ 2,458.1 $ 2,587.1 $ 3,787.5 Senior Notes — 5,401.2 5,401.2 4,617.0 Other 17.2 217.9 235.1 227.1 $ 146.2 $ 8,077.2 $ 8,223.4 $ 8,631.6 Senior credit facility – The Company, CIH International S.à r.l., a wholly-owned indirect subsidiary of ours (“CIH”), CIH Holdings S.à r.l., a wholly-owned indirect subsidiary of ours (“CIHH”), CB International Finance S.à r.l., a wholly-owned indirect subsidiary of ours (“CB International” and together with CIH and CIHH, the “European Borrowers”), Bank of America, N.A., as administrative agent (the “Administrative Agent”), and certain other lenders are parties to a credit agreement, as amended and restated (the “2016 Credit Agreement”). In May 2017, we repaid the outstanding obligations under the U.S. Term A loan facility under the 2016 Credit Agreement primarily with a portion of the proceeds from the May 2017 Senior Notes (as defined below) and revolver borrowings under the 2016 Credit Agreement. Accordingly, as of May 31, 2017 , information with respect to borrowings under the 2016 Credit Agreement is as follows: Revolving Credit Facility U.S. Term A-1 Facility (1) European Term A Facility (1) European Term A-1 Facility (1) European Term A-2 Facility (1) (in millions) Outstanding borrowings $ 505.0 $ 237.4 $ 1,299.4 $ 662.4 $ 387.9 Interest rate 2.5 % 2.7 % 2.5 % 2.5 % 2.5 % LIBOR margin 1.5 % 1.75 % 1.5 % 1.5 % 1.5 % Outstanding letters of credit $ 17.5 Remaining borrowing capacity $ 627.5 (1) Outstanding term loan facility borrowings are net of unamortized debt issuance costs. As of May 31, 2017 , the required principal repayments of the term loans under the 2016 Credit Agreement (excluding unamortized debt issuance costs of $10.6 million ) for the remaining nine months of fiscal 2018 and for each of the remaining succeeding fiscal years are as follows: U.S. Term A-1 Facility European Term A Facility European Term A-1 Facility European Term A-2 Facility Total (in millions) 2018 $ 1.8 $ 53.7 $ 26.2 $ 15.0 $ 96.7 2019 2.4 71.5 35.0 20.0 128.9 2020 2.4 71.5 35.0 20.0 128.9 2021 2.4 1,108.3 35.0 20.0 1,165.7 2022 228.7 — 533.8 315.0 1,077.5 $ 237.7 $ 1,305.0 $ 665.0 $ 390.0 $ 2,597.7 Interest rate swap contracts – We have entered into interest rate swap agreements, which are designated as cash flow hedges for $250.0 million of our floating LIBOR rate debt. As a result of these hedges, we have fixed our interest rates on $250.0 million of our floating LIBOR rate debt at an average rate of 1.1% (exclusive of borrowing margins) from September 1, 2016, through July 1, 2020. Senior notes – In May 2017, we issued $1,500.0 million aggregate principal amount of Senior Notes (the “May 2017 Senior Notes”). Proceeds from this offering, net of discount and debt issuance costs, were $1,483.8 million . The May 2017 Senior Notes consist of: Date of Maturity Interest Payments Principal (in millions) 2.70% Senior Notes (1) (2) May 2022 May/Nov $ 500.0 3.50% Senior Notes (1) (3) May 2027 May/Nov $ 500.0 4.50% Senior Notes (1) (4) May 2047 May/Nov $ 500.0 (1) Senior unsecured obligations which rank equally in right of payment to all of our existing and future senior unsecured indebtedness. Guaranteed by certain of our U.S. subsidiaries on a senior unsecured basis. (2) Redeemable, in whole or in part, at our option at any time prior to April 9, 2022, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 15 basis points. On or after April 9, 2022, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest. (3) Redeemable, in whole or in part, at our option at any time prior to February 9, 2027, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 20 basis points. On or after February 9, 2027, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest. (4) Redeemable, in whole or in part, at our option at any time prior to November 9, 2046, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 25 basis points. On or after November 9, 2046, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest. In January 2008, we issued $700.0 million aggregate principal amount of 7.25% Senior Notes due May 2017 (the “January 2008 Senior Notes”) in exchange for notes originally issued in May 2007. In May 2017, we repaid the January 2008 Senior Notes with a portion of the proceeds from the May 2017 Senior Notes. Accounts receivable securitization facilities: On September 27, 2016, we amended our prior trade accounts receivable securitization facility (as amended, the “CBI Facility”) for an additional 364 -day term. Under the CBI Facility, trade accounts receivable generated by us and certain of our subsidiaries are sold by us to a wholly-owned bankruptcy remote single purpose subsidiary, the CBI SPV, which is consolidated by us for financial reporting purposes. The CBI Facility provides borrowing capacity of $235.0 million up to $340.0 million structured to account for the seasonality of our business, subject to further limitations based upon various pre-agreed formulas. Also, on September 27, 2016, Crown Imports amended its prior trade accounts receivable securitization facility (as amended, the “Crown Facility”) for an additional 364 -day term. Under the Crown Facility, trade accounts receivable generated by Crown Imports are sold by Crown Imports to its wholly-owned bankruptcy remote single purpose subsidiary, the Crown SPV, which is consolidated by us for financial reporting purposes. The Crown Facility provides borrowing capacity of $120.0 million up to $210.0 million structured to account for the seasonality of Crown Imports’ business. As of May 31, 2017 , our accounts receivable securitization facilities are as follows: Outstanding Borrowings Weighted Average Interest Rate Remaining Borrowing Capacity (in millions) CBI Facility $ 198.2 1.9 % $ 101.8 Crown Facility $ 206.0 1.9 % $ 4.0

Income Taxes

Income Taxes	3 Months Ended
	May 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES: Our effective tax rate for the three months ended May 31, 2017 , and May 31, 2016 , was 15.5% and 31.9% , respectively. For the three months ended May 31, 2017 , our effective tax rate was lower than the federal statutory rate of 35% primarily due to (i) lower effective tax rates applicable to our foreign businesses, including our assertion regarding indefinitely reinvesting earnings of certain foreign subsidiaries, which was asserted in the third quarter of fiscal 2017, and (ii) the recognition of the income tax effect of stock-based compensation awards in the income statement when the awards vest or are settled in connection with our March 1, 2017, adoption of the FASB’s amended share-based compensation guidance. For the three months ended May 31, 2016 , our effective tax rate was lower than the federal statutory rate primarily due to lower effective tax rates applicable to our foreign businesses.

Net Income Per Common Share Att

Net Income Per Common Share Attributable to CBI	3 Months Ended
	May 31, 2017
Earnings Per Share [Abstract]
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI	NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI: For the three months ended May 31, 2017 , and May 31, 2016 , net income per common share – diluted for Class A Common Stock has been computed using the if-converted method and assumes the exercise of stock options using the treasury stock method and the conversion of Class B Convertible Common Stock as this method is more dilutive than the two-class method. For the three months ended May 31, 2017 , and May 31, 2016 , net income per common share – diluted for Class B Convertible Common Stock has been computed using the two-class method and does not assume conversion of Class B Convertible Common Stock into shares of Class A Common Stock. The computation of basic and diluted net income per common share is as follows: For the Three Months Ended May 31, 2017 May 31, 2016 Common Stock Common Stock Class A Class B Class A Class B (in millions, except per share data) Net income attributable to CBI allocated – basic $ 358.6 $ 44.2 $ 284.2 $ 34.1 Conversion of Class B common shares into Class A common shares 44.2 — 34.1 — Effect of stock-based awards on allocated net income — (1.0 ) — (0.7 ) Net income attributable to CBI allocated – diluted $ 402.8 $ 43.2 $ 318.3 $ 33.4 Weighted average common shares outstanding – basic 171.555 23.344 176.542 23.353 Conversion of Class B common shares into Class A common shares 23.344 — 23.353 — Stock-based awards, primarily stock options 6.131 — 5.472 — Weighted average common shares outstanding – diluted 201.030 23.344 205.367 23.353 Net income per common share attributable to CBI – basic $ 2.09 $ 1.90 $ 1.61 $ 1.46 Net income per common share attributable to CBI – diluted $ 2.00 $ 1.85 $ 1.55 $ 1.43

Comprehensive Income Attributab

Comprehensive Income Attributable to CBI	3 Months Ended
	May 31, 2017
Equity [Abstract]
COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI	COMPREHENSIVE INCOME ATTRIBUTABLE TO CBI: Comprehensive income consists of net income, foreign currency translation adjustments, net unrealized gains (losses) on derivative instruments, net unrealized gains (losses) on AFS debt securities and pension/postretirement adjustments. The reconciliation of net income attributable to CBI to comprehensive income attributable to CBI is as follows: Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2017 Net income attributable to CBI $ 402.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gains $ 148.7 $ (0.2 ) 148.5 Reclassification adjustments — — — Net gain recognized in other comprehensive income 148.7 (0.2 ) 148.5 Unrealized gain on cash flow hedges: Net derivative gains 51.9 (15.3 ) 36.6 Reclassification adjustments 3.8 (1.2 ) 2.6 Net gain recognized in other comprehensive income 55.7 (16.5 ) 39.2 Unrealized loss on AFS debt securities: Net AFS debt securities losses (0.3 ) — (0.3 ) Reclassification adjustments — — — Net loss recognized in other comprehensive income (0.3 ) — (0.3 ) Pension/postretirement adjustments: Net actuarial gains — — — Reclassification adjustments 0.1 — 0.1 Net gain recognized in other comprehensive income 0.1 — 0.1 Other comprehensive income attributable to CBI $ 204.2 $ (16.7 ) 187.5 Comprehensive income attributable to CBI $ 590.3 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2016 Net income attributable to CBI $ 318.3 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net losses $ (7.4 ) $ (1.8 ) (9.2 ) Reclassification adjustments — — — Net loss recognized in other comprehensive loss (7.4 ) (1.8 ) (9.2 ) Unrealized loss on cash flow hedges: Net derivative losses (3.2 ) 1.8 (1.4 ) Reclassification adjustments 10.1 (3.4 ) 6.7 Net gain recognized in other comprehensive loss 6.9 (1.6 ) 5.3 Unrealized gain on AFS debt securities: Net AFS debt securities gains 0.1 — 0.1 Reclassification adjustments — — — Net gain recognized in other comprehensive loss 0.1 — 0.1 Pension/postretirement adjustments: Net actuarial losses (0.6 ) 0.2 (0.4 ) Reclassification adjustments 0.2 — 0.2 Net loss recognized in other comprehensive loss (0.4 ) 0.2 (0.2 ) Other comprehensive loss attributable to CBI $ (0.8 ) $ (3.2 ) (4.0 ) Comprehensive income attributable to CBI $ 314.3 Accumulated other comprehensive income (loss), net of income tax effect, includes the following components: Foreign Currency Translation Adjustments Net Unrealized Gains (Losses) on Derivative Instruments Net Unrealized Losses on AFS Debt Securities Pension/ Postretirement Adjustments Accumulated Other Comprehensive Income (Loss) (in millions) Balance, February 28, 2017 $ (358.0 ) $ (38.0 ) $ (2.3 ) $ (1.5 ) $ (399.8 ) Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 148.5 36.6 (0.3 ) — 184.8 Amounts reclassified from accumulated other comprehensive income (loss) — 2.6 — 0.1 2.7 Other comprehensive income (loss) 148.5 39.2 (0.3 ) 0.1 187.5 Balance, May 31, 2017 $ (209.5 ) $ 1.2 $ (2.6 ) $ (1.4 ) $ (212.3 )

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	May 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	CONDENSED CONSOLIDATING FINANCIAL INFORMATION: The following information sets forth the condensed consolidating balance sheets as of May 31, 2017 , and February 28, 2017 , the condensed consolidating statements of comprehensive income for the three months ended May 31, 2017 , and May 31, 2016 , and the condensed consolidating statements of cash flows for the three months ended May 31, 2017 , and May 31, 2016 , for the parent company, our combined subsidiaries which guarantee our senior notes (“Subsidiary Guarantors”), our combined subsidiaries which are not Subsidiary Guarantors (primarily foreign subsidiaries) (“Subsidiary Nonguarantors”) and the Company. The Subsidiary Guarantors are 100% owned, directly or indirectly, by the parent company and the guarantees are joint and several obligations of each of the Subsidiary Guarantors. The guarantees are full and unconditional, as those terms are used in Rule 3-10 of Regulation S-X, except that a Subsidiary Guarantor can be automatically released and relieved of its obligations under certain customary circumstances contained in the indentures governing our senior notes. These customary circumstances include, so long as other applicable provisions of the indentures are adhered to, the termination or release of a Subsidiary Guarantor’s guarantee of other indebtedness or upon the legal defeasance or covenant defeasance or satisfaction and discharge of our senior notes. Separate financial information for our Subsidiary Guarantors is not presented because we have determined that such financial information would not be material to investors. The accounting policies of the parent company, the Subsidiary Guarantors and the Subsidiary Nonguarantors are the same as those described for the Company in Note 1 of our consolidated financial statements included in our 2017 Annual Report. There are no restrictions on the ability of the Subsidiary Guarantors to transfer funds to us in the form of cash dividends, loans or advances. Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at May 31, 2017 Current assets: Cash and cash equivalents $ 32.6 $ 6.9 $ 159.6 $ — $ 199.1 Accounts receivable 1.7 10.1 820.2 — 832.0 Inventories 170.8 1,578.4 371.2 (183.5 ) 1,936.9 Intercompany receivable 22,818.1 29,965.6 13,180.2 (65,963.9 ) — Prepaid expenses and other 90.6 66.8 247.7 (12.6 ) 392.5 Total current assets 23,113.8 31,627.8 14,778.9 (66,160.0 ) 3,360.5 Property, plant and equipment 70.1 942.8 3,174.0 — 4,186.9 Investments in subsidiaries 14,483.5 126.2 — (14,609.7 ) — Goodwill — 6,587.8 1,384.5 — 7,972.3 Intangible assets — 866.9 2,422.8 — 3,289.7 Intercompany notes receivable 5,129.9 — 101.1 (5,231.0 ) — Other assets 17.8 77.2 55.0 — 150.0 Total assets $ 42,815.1 $ 40,228.7 $ 21,916.3 $ (86,000.7 ) $ 18,959.4 Current liabilities: Notes payable to banks $ 485.0 $ — $ 503.1 $ — $ 988.1 Current maturities of long-term debt 4.5 15.1 126.6 — 146.2 Accounts payable 35.7 157.7 365.4 — 558.8 Intercompany payable 29,013.0 23,973.0 12,977.9 (65,963.9 ) — Other accrued expenses and liabilities 201.8 219.4 109.1 (41.0 ) 489.3 Total current liabilities 29,740.0 24,365.2 14,082.1 (66,004.9 ) 2,182.4 Long-term debt, less current maturities 5,638.1 19.3 2,419.8 — 8,077.2 Deferred income taxes 13.6 814.1 307.8 — 1,135.5 Intercompany notes payable — 5,201.3 29.7 (5,231.0 ) — Other liabilities 33.7 21.2 111.6 — 166.5 Total liabilities 35,425.4 30,421.1 16,951.0 (71,235.9 ) 11,561.6 Total CBI stockholders’ equity 7,389.7 9,807.6 4,957.2 (14,764.8 ) 7,389.7 Noncontrolling interests — — 8.1 — 8.1 Total stockholders’ equity 7,389.7 9,807.6 4,965.3 (14,764.8 ) 7,397.8 Total liabilities and stockholders’ equity $ 42,815.1 $ 40,228.7 $ 21,916.3 $ (86,000.7 ) $ 18,959.4 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2017 Current assets: Cash and cash equivalents $ 9.6 $ 5.8 $ 162.0 $ — $ 177.4 Accounts receivable 2.4 18.5 716.1 — 737.0 Inventories 162.3 1,628.5 330.9 (166.6 ) 1,955.1 Intercompany receivable 21,927.8 28,384.7 12,410.6 (62,723.1 ) — Prepaid expenses and other 40.4 74.8 169.0 76.3 360.5 Total current assets 22,142.5 30,112.3 13,788.6 (62,813.4 ) 3,230.0 Property, plant and equipment 69.5 951.1 2,912.2 — 3,932.8 Investments in subsidiaries 13,884.2 125.0 — (14,009.2 ) — Goodwill — 6,589.9 1,330.6 — 7,920.5 Intangible assets — 955.1 2,422.6 — 3,377.7 Intercompany notes receivable 5,074.5 188.3 100.6 (5,363.4 ) — Other assets 17.9 77.2 46.3 — 141.4 Total assets $ 41,188.6 $ 38,998.9 $ 20,600.9 $ (82,186.0 ) $ 18,602.4 Current liabilities: Notes payable to banks $ 231.0 $ — $ 375.5 $ — $ 606.5 Current maturities of long-term debt 767.9 16.3 126.7 — 910.9 Accounts payable 47.6 146.2 366.0 — 559.8 Intercompany payable 27,675.4 22,786.3 12,261.4 (62,723.1 ) — Other accrued expenses and liabilities 270.2 164.8 153.8 31.6 620.4 Total current liabilities 28,992.1 23,113.6 13,283.4 (62,691.5 ) 2,697.6 Long-term debt, less current maturities 5,260.2 23.0 2,437.5 — 7,720.7 Deferred income taxes 13.3 823.2 297.1 — 1,133.6 Intercompany notes payable — 5,334.0 29.4 (5,363.4 ) — Other liabilities 31.8 18.9 115.0 — 165.7 Total liabilities 34,297.4 29,312.7 16,162.4 (68,054.9 ) 11,717.6 Total CBI stockholders’ equity 6,891.2 9,686.2 4,444.9 (14,131.1 ) 6,891.2 Noncontrolling interests — — (6.4 ) — (6.4 ) Total stockholders’ equity 6,891.2 9,686.2 4,438.5 (14,131.1 ) 6,884.8 Total liabilities and stockholders’ equity $ 41,188.6 $ 38,998.9 $ 20,600.9 $ (82,186.0 ) $ 18,602.4 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 698.8 $ 1,794.2 $ 868.5 $ (1,246.2 ) $ 2,115.3 Less – excise taxes (83.7 ) (93.4 ) (2.7 ) — (179.8 ) Net sales 615.1 1,700.8 865.8 (1,246.2 ) 1,935.5 Cost of product sold (477.2 ) (1,232.0 ) (452.9 ) 1,221.9 (940.2 ) Gross profit 137.9 468.8 412.9 (24.3 ) 995.3 Selling, general and administrative expenses (104.9 ) (303.3 ) (27.9 ) 8.9 (427.2 ) Operating income 33.0 165.5 385.0 (15.4 ) 568.1 Equity in earnings of equity method investees and subsidiaries 433.5 1.1 0.5 (434.7 ) 0.4 Interest income — — 0.1 — 0.1 Intercompany interest income 57.9 93.3 0.8 (152.0 ) — Interest expense (65.2 ) (0.3 ) (17.0 ) — (82.5 ) Intercompany interest expense (93.3 ) (58.1 ) (0.6 ) 152.0 — Loss on write-off of debt issuance costs (6.7 ) — — — (6.7 ) Income before income taxes 359.2 201.5 368.8 (450.1 ) 479.4 (Provision for) benefit from income taxes 43.6 (65.5 ) (36.0 ) (16.2 ) (74.1 ) Net income 402.8 136.0 332.8 (466.3 ) 405.3 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 402.8 $ 136.0 $ 330.3 $ (466.3 ) $ 402.8 Comprehensive income attributable to CBI $ 590.3 $ 135.3 $ 520.2 $ (655.5 ) $ 590.3 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2016 Sales $ 623.7 $ 1,686.8 $ 966.1 $ (1,223.6 ) $ 2,053.0 Less – excise taxes (78.0 ) (86.9 ) (16.3 ) — (181.2 ) Net sales 545.7 1,599.9 949.8 (1,223.6 ) 1,871.8 Cost of product sold (451.4 ) (1,151.5 ) (564.8 ) 1,177.2 (990.5 ) Gross profit 94.3 448.4 385.0 (46.4 ) 881.3 Selling, general and administrative expenses (91.3 ) (193.1 ) (55.2 ) 11.0 (328.6 ) Operating income 3.0 255.3 329.8 (35.4 ) 552.7 Equity in earnings of equity method investees and subsidiaries 368.9 2.3 — (370.5 ) 0.7 Interest income 0.1 — 0.3 — 0.4 Intercompany interest income 57.4 73.3 — (130.7 ) — Interest expense (74.3 ) (0.4 ) (10.3 ) — (85.0 ) Intercompany interest expense (73.1 ) (57.4 ) (0.2 ) 130.7 — Income before income taxes 282.0 273.1 319.6 (405.9 ) 468.8 (Provision for) benefit from income taxes 36.3 (105.9 ) (91.5 ) 11.4 (149.7 ) Net income 318.3 167.2 228.1 (394.5 ) 319.1 Net income attributable to noncontrolling interests — — (0.8 ) — (0.8 ) Net income attributable to CBI $ 318.3 $ 167.2 $ 227.3 $ (394.5 ) $ 318.3 Comprehensive income attributable to CBI $ 314.3 $ 168.7 $ 221.5 $ (390.2 ) $ 314.3 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2017 Net cash provided by (used in) operating activities $ (161.0 ) $ 451.6 $ 91.0 $ — $ 381.6 Cash flows from investing activities: Purchases of property, plant and equipment (4.8 ) (25.6 ) (186.7 ) — (217.1 ) Payments related to sale of business — — (5.0 ) — (5.0 ) Net proceeds from intercompany notes 419.3 0.9 — (420.2 ) — Net investments in equity affiliates (5.8 ) — — 5.8 — Other investing activities — — 0.8 — 0.8 Net cash provided by (used in) investing activities 408.7 (24.7 ) (190.9 ) (414.4 ) (221.3 ) Cash flows from financing activities: Dividends paid to parent company — — (8.0 ) 8.0 — Net contributions from equity affiliates — 13.6 0.2 (13.8 ) — Net repayments of intercompany notes (1.7 ) (413.1 ) (5.4 ) 420.2 — Principal payments of long-term debt (1,876.8 ) (4.9 ) (31.7 ) — (1,913.4 ) Dividends paid (100.5 ) — — — (100.5 ) Payments of minimum tax withholdings on stock-based payment awards — (21.4 ) (0.9 ) — (22.3 ) Payments of debt issuance costs (11.8 ) — — — (11.8 ) Proceeds from issuance of long-term debt 1,495.5 — 13.0 — 1,508.5 Net proceeds from notes payable 254.0 — 127.3 — 381.3 Proceeds from shares issued under equity compensation plans 16.6 — — — 16.6 Net cash provided by (used in) financing activities (224.7 ) (425.8 ) 94.5 414.4 (141.6 ) Effect of exchange rate changes on cash and cash equivalents — — 3.0 — 3.0 Net increase (decrease) in cash and cash equivalents 23.0 1.1 (2.4 ) — 21.7 Cash and cash equivalents, beginning of period 9.6 5.8 162.0 — 177.4 Cash and cash equivalents, end of period $ 32.6 $ 6.9 $ 159.6 $ — $ 199.1 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2016 Net cash provided by (used in) operating activities $ (221.8 ) $ 1.0 $ 566.7 $ — $ 345.9 Cash flows from investing activities: Purchases of property, plant and equipment (4.1 ) (27.5 ) (137.8 ) — (169.4 ) Purchase of business — (284.9 ) — — (284.9 ) Net repayments of intercompany notes (377.2 ) (0.1 ) — 377.3 — Net returns of capital from equity affiliates 354.8 — — (354.8 ) — Other investing activities 0.1 — 0.3 — 0.4 Net cash used in investing activities (26.4 ) (312.5 ) (137.5 ) 22.5 (453.9 ) Cash flows from financing activities: Dividends paid to parent company — — (357.0 ) 357.0 — Net contributions from equity affiliates — 0.1 2.1 (2.2 ) — Net proceeds from (repayments of) intercompany notes 275.5 362.6 (260.8 ) (377.3 ) — Principal payments of long-term debt (16.5 ) (6.0 ) (71.7 ) — (94.2 ) Dividends paid (79.3 ) — — — (79.3 ) Payments of minimum tax withholdings on stock-based payment awards — (42.5 ) (3.0 ) — (45.5 ) Payments of debt issuance costs — — (3.2 ) — (3.2 ) Proceeds from issuance of long-term debt — — 709.5 — 709.5 Net repayments of notes payable — — (379.1 ) — (379.1 ) Proceeds from shares issued under equity compensation plans 15.9 — — — 15.9 Excess tax benefits from stock-based payment awards 68.8 — — — 68.8 Purchases of treasury stock (1.0 ) — — — (1.0 ) Net cash provided by (used in) financing activities 263.4 314.2 (363.2 ) (22.5 ) 191.9 Effect of exchange rate changes on cash and cash equivalents — — 0.3 — 0.3 Net increase in cash and cash equivalents 15.2 2.7 66.3 — 84.2 Cash and cash equivalents, beginning of period 6.0 4.2 72.9 — 83.1 Cash and cash equivalents, end of period $ 21.2 $ 6.9 $ 139.2 $ — $ 167.3

Business Segment Information

Business Segment Information	3 Months Ended
	May 31, 2017
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION: Our internal management financial reporting consists of two business divisions: (i) Beer and (ii) Wine and Spirits, and we report our operating results in three segments: (i) Beer, (ii) Wine and Spirits, and (iii) Corporate Operations and Other. In the Beer segment, our portfolio consists of high-end imported and craft beer brands. We have an exclusive perpetual brand license to import, market and sell in the U.S. our Mexican beer portfolio. In the Wine and Spirits segment, we sell a large number of wine brands across all categories – table wine, sparkling wine and dessert wine – and across all price points – popular, premium and luxury categories, primarily within the $5 to $25 price range at U.S. retail – complemented by certain premium spirits brands. Amounts included in the Corporate Operations and Other segment consist of costs of executive management, corporate development, corporate finance, human resources, internal audit, investor relations, legal, public relations and information technology. The amounts included in the Corporate Operations and Other segment are general costs that are applicable to the consolidated group and are therefore not allocated to the other reportable segments. All costs reported within the Corporate Operations and Other segment are not included in our chief operating decision maker’s evaluation of the operating income performance of the other reportable segments. The business segments reflect how our operations are managed, how resources are allocated, how operating performance is evaluated by senior management and the structure of our internal financial reporting. In addition, management excludes items that affect comparability (“Comparable Adjustments”) from its evaluation of the results of each operating segment as these Comparable Adjustments are not reflective of core operations of the segments. Segment operating performance and segment management compensation are evaluated based upon core segment operating income (loss). As such, the performance measures for incentive compensation purposes for segment management do not include the impact of these Comparable Adjustments. We evaluate segment operating performance based on operating income (loss) of the respective business units. Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows: For the Three Months Ended May 31, 2017 2016 (in millions) Cost of product sold Flow through of inventory step-up $ (7.0 ) $ (8.1 ) Net gain (loss) on undesignated commodity derivative contracts (3.1 ) 13.1 Settlements of undesignated commodity derivative contracts 2.4 8.3 Amortization of favorable interim supply agreement — (2.2 ) Total cost of product sold (7.7 ) 11.1 Selling, general and administrative expenses Impairment of intangible assets (86.8 ) — Costs associated with the Canadian Divestiture and related activities (3.2 ) (3.7 ) Transaction, integration and other acquisition-related costs (1.6 ) (2.3 ) Other losses (1.4 ) (1.1 ) Total selling, general and administrative expenses (93.0 ) (7.1 ) Comparable Adjustments, Operating income (loss) $ (100.7 ) $ 4.0 The accounting policies of the segments are the same as those described for the Company in Note 1 of our consolidated financial statements included in our 2017 Annual Report. Segment information is as follows: For the Three Months Ended May 31, 2017 2016 (in millions) Beer Net sales $ 1,242.3 $ 1,151.0 Segment operating income $ 500.6 $ 409.3 Long-lived tangible assets $ 3,081.1 $ 2,362.3 Total assets $ 11,679.1 $ 10,276.3 Capital expenditures $ 191.2 $ 145.0 Depreciation and amortization $ 39.8 $ 25.9 For the Three Months Ended May 31, 2017 2016 (in millions) Wine and Spirits Net sales: Wine $ 605.0 $ 643.1 Spirits 88.2 77.7 Net sales $ 693.2 $ 720.8 Segment operating income $ 205.6 $ 168.0 Equity in earnings of equity method investees $ 0.2 $ 0.8 Long-lived tangible assets $ 982.2 $ 1,035.3 Investments in equity method investees $ 77.3 $ 76.5 Total assets $ 6,888.3 $ 6,984.8 Capital expenditures $ 21.6 $ 12.5 Depreciation and amortization $ 22.6 $ 24.9 Corporate Operations and Other Segment operating loss $ (37.4 ) $ (28.6 ) Equity in earnings (losses) of equity method investees $ 0.2 $ (0.1 ) Long-lived tangible assets $ 123.6 $ 109.6 Investments in equity method investees $ 21.3 $ 5.9 Total assets $ 392.0 $ 368.9 Capital expenditures $ 4.3 $ 11.9 Depreciation and amortization $ 9.1 $ 7.0 Comparable Adjustments Operating income (loss) $ (100.7 ) $ 4.0 Depreciation and amortization $ — $ 2.2 Consolidated Net sales $ 1,935.5 $ 1,871.8 Operating income $ 568.1 $ 552.7 Equity in earnings of equity method investees $ 0.4 $ 0.7 Long-lived tangible assets $ 4,186.9 $ 3,507.2 Investments in equity method investees $ 98.6 $ 82.4 Total assets $ 18,959.4 $ 17,630.0 Capital expenditures $ 217.1 $ 169.4 Depreciation and amortization $ 71.5 $ 60.0

Accounting Guidance Not Yet Ado

Accounting Guidance Not Yet Adopted	3 Months Ended
	May 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
ACCOUNTING GUIDANCE NOT YET ADOPTED	ACCOUNTING GUIDANCE NOT YET ADOPTED: Revenue recognition – In May 2014, the FASB issued guidance regarding the recognition of revenue from contracts with customers. Under this guidance, an entity will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. A five step process will be utilized to recognize revenue, as follows: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. Additionally, this guidance requires improved disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. We are required to adopt this guidance for our annual and interim periods beginning March 1, 2018, utilizing one of two methods: retrospective restatement for each reporting period presented at time of adoption, or a modified retrospective approach with the cumulative effect of initially applying this guidance recognized at the date of initial application. We intend to implement this guidance under the retrospective approach. Based on our preliminary review, we expect that the broad definition of variable consideration under this guidance will require us to estimate and record certain variable payments resulting from various sales incentives earlier than we currently record them. We do not expect this change to have a material impact on our consolidated financial statements. We are currently preparing to implement changes to our accounting policies, systems and controls to support the new revenue recognition and disclosure requirements. Leases – In February 2016, the FASB issued guidance for the accounting for leases. Under this guidance, a lessee will recognize assets and liabilities for most leases, but will recognize expense similar to current lease accounting guidance. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities. We are required to adopt this guidance for our annual and interim periods beginning March 1, 2019, using a modified retrospective approach. We are currently assessing the financial impact of this guidance on our consolidated financial statements.

Recently Adopted Accounting G20

Recently Adopted Accounting Guidance (Policies)	3 Months Ended
	May 31, 2017
Accounting Policies [Abstract]
Stock-based employee compensation	Stock-based employee compensation – Effective March 1, 2017, we adopted the FASB amended guidance for, among other items, the accounting for income taxes related to share-based compensation and the related classification in the statement of cash flows. This guidance requires the recognition of excess tax benefits and deficiencies (resulting from an increase or decrease in the fair value of an award from grant date to the vesting or settlement date) in the provision for income taxes as a discrete item in the quarterly period in which they occur. Through February 28, 2017, these amounts were recognized in additional paid-in capital at the time of vesting or settlement. In addition, these amounts are classified as an operating activity in the statement of cash flows instead of as a financing activity where they were previously presented. We adopted this guidance on a prospective basis and, accordingly, prior periods have not been adjusted. Adoption of this guidance resulted in the recognition of excess tax benefits in our provision for income taxes rather than additional paid-in capital of $32.5 million for the three months ended May 31, 2017 . The adoption of this amended guidance also impacted our calculation of diluted earnings per share under the treasury stock method, as excess tax benefits and deficiencies resulting from share-based compensation are no longer included in the assumed proceeds calculation. This change resulted in a decrease in diluted earnings per share of $0.02 for the three months ended May 31, 2017 . We have elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. The remaining provisions of this amended guidance did not have a material impact on our consolidated financial statements.
Revenue recognition	Revenue recognition – In May 2014, the FASB issued guidance regarding the recognition of revenue from contracts with customers. Under this guidance, an entity will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. A five step process will be utilized to recognize revenue, as follows: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. Additionally, this guidance requires improved disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. We are required to adopt this guidance for our annual and interim periods beginning March 1, 2018, utilizing one of two methods: retrospective restatement for each reporting period presented at time of adoption, or a modified retrospective approach with the cumulative effect of initially applying this guidance recognized at the date of initial application. We intend to implement this guidance under the retrospective approach. Based on our preliminary review, we expect that the broad definition of variable consideration under this guidance will require us to estimate and record certain variable payments resulting from various sales incentives earlier than we currently record them. We do not expect this change to have a material impact on our consolidated financial statements. We are currently preparing to implement changes to our accounting policies, systems and controls to support the new revenue recognition and disclosure requirements.
Leases	Leases – In February 2016, the FASB issued guidance for the accounting for leases. Under this guidance, a lessee will recognize assets and liabilities for most leases, but will recognize expense similar to current lease accounting guidance. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities. We are required to adopt this guidance for our annual and interim periods beginning March 1, 2019, using a modified retrospective approach. We are currently assessing the financial impact of this guidance on our consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 31, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories are stated at the lower of cost (primarily computed in accordance with the first-in, first-out method) or net realizable value. Elements of cost include materials, labor and overhead and consist of the following: May 31, February 28, (in millions ) Raw materials and supplies $ 169.5 $ 149.7 In-process inventories 1,189.8 1,260.1 Finished case goods 577.6 545.3 $ 1,936.9 $ 1,955.1

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	May 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Aggregate notional value of outstanding derivative instruments	The aggregate notional value of outstanding derivative instruments is as follows: May 31, February 28, (in millions ) Derivative instruments designated as hedging instruments Foreign currency contracts $ 998.7 $ 981.7 Interest rate swap contracts $ 250.0 $ 250.0 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 288.5 $ 389.9 Commodity derivative contracts $ 165.8 $ 153.2
Fair value and location of derivative instruments on our balance sheets	The estimated fair value and location of our derivative instruments on our balance sheets are as follows (see Note 5 ): Assets Liabilities May 31, February 28, May 31, February 28, (in millions) Derivative instruments designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 15.4 $ 5.2 Other accrued expenses and liabilities $ 11.7 $ 30.4 Other assets $ 14.2 $ 6.0 Other liabilities $ 15.7 $ 37.4 Interest rate swap contracts: Prepaid expenses and other $ 0.5 $ 0.3 Other accrued expenses and liabilities $ 0.1 $ 0.3 Other assets $ 3.3 $ 4.4 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.7 $ 2.0 Other accrued expenses and liabilities $ 1.0 $ 2.6 Commodity derivative contracts: Prepaid expenses and other $ 3.3 $ 4.3 Other accrued expenses and liabilities $ 6.0 $ 6.9 Other assets $ 1.2 $ 1.5 Other liabilities $ 5.3 $ 4.7
Effect of derivative instruments on our results of operations	The effect of our undesignated derivative instruments on our results of operations is as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Net Gain (Loss) Recognized in Income Net Gain (Loss) Recognized in Income (in millions) For the Three Months Ended May 31, 2017 Commodity derivative contracts Cost of product sold $ (3.1 ) Foreign currency contracts Selling, general and administrative expenses 4.7 $ 1.6 For the Three Months Ended May 31, 2016 Commodity derivative contracts Cost of product sold $ 13.1 Foreign currency contracts Selling, general and administrative expenses (10.5 ) $ 2.6 The principal effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, as well as Other Comprehensive Income (“OCI”), net of income tax effect, is as follows: Derivative Instruments in Designated Cash Flow Hedging Relationships Net Gain (Loss) Recognized in OCI (Effective portion) Location of Net Gain (Loss) Reclassified from AOCI to Income (Effective portion) Net Gain (Loss) Reclassified from AOCI to Income (Effective portion) (in millions) For the Three Months Ended May 31, 2017 Foreign currency contracts $ 38.6 Sales $ 0.3 Cost of product sold (2.7 ) Interest rate swap contracts (2.0 ) Interest expense (0.1 ) $ 36.6 $ (2.5 ) For the Three Months Ended May 31, 2016 Foreign currency contracts $ (2.3 ) Sales $ 0.1 Cost of product sold (5.0 ) Interest rate swap contracts 0.9 Interest expense (1.9 ) $ (1.4 ) $ (6.8 )

Fair Value of Financial Instr23

Fair Value of Financial Instruments (Tables)	3 Months Ended
	May 31, 2017
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at estimated fair value on a recurring basis	The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis: Fair Value Measurements Using Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (in millions) May 31, 2017 Assets: Foreign currency contracts $ — $ 31.3 $ — $ 31.3 Commodity derivative contracts $ — $ 4.5 $ — $ 4.5 Interest rate swap contracts $ — $ 3.8 $ — $ 3.8 Available-for-sale (“AFS”) debt securities $ — $ — $ 9.2 $ 9.2 Liabilities: Foreign currency contracts $ — $ 28.4 $ — $ 28.4 Commodity derivative contracts $ — $ 11.3 $ — $ 11.3 Interest rate swap contracts $ — $ 0.1 $ — $ 0.1 February 28, 2017 Assets: Foreign currency contracts $ — $ 13.2 $ — $ 13.2 Commodity derivative contracts $ — $ 5.8 $ — $ 5.8 Interest rate swap contracts $ — $ 4.7 $ — $ 4.7 AFS debt securities $ — $ — $ 9.5 $ 9.5 Liabilities: Foreign currency contracts $ — $ 70.4 $ — $ 70.4 Commodity derivative contracts $ — $ 11.6 $ — $ 11.6 Interest rate swap contracts $ — $ 0.3 $ — $ 0.3
Assets and liabilities measured at estimated fair value on a nonrecurring basis	The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the period presented: Fair Value Measurements Using Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Losses (in millions) For the Three Months Ended May 31, 2017 Trademarks $ — $ — $ 136.0 $ 86.8

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill are as follows: Beer Wine and Spirits Consolidated (in millions) Balance, February 29, 2016 $ 4,530.1 $ 2,608.5 $ 7,138.6 Purchase accounting allocations (1) 510.8 373.7 884.5 Canadian Divestiture (2) — (126.1 ) (126.1 ) Foreign currency translation adjustments 12.1 11.4 23.5 Balance, February 28, 2017 5,053.0 2,867.5 7,920.5 Purchase accounting allocations (3) 7.8 (0.2 ) 7.6 Foreign currency translation adjustments 45.6 (1.4 ) 44.2 Balance, May 31, 2017 $ 5,106.4 $ 2,865.9 $ 7,972.3 (1) Preliminary purchase accounting allocations associated with the acquisitions of the Obregon Brewery (Beer), and High West and Charles Smith (Wine and Spirits), and purchase accounting allocations primarily associated with the acquisition of Prisoner (Wine and Spirits). See defined acquisition terms below. (2) Includes accumulated impairment losses of C$289.1 million , or $216.8 million . (3) Preliminary purchase accounting allocations associated primarily with the acquisition of the Obregon Brewery.
Net gain associated with the Canadian Divestiture	In total, we have recognized $238.8 million of net gains associated with the Canadian Divestiture, with $242.0 million of net gains recognized for the year ended February 28, 2017, and $3.2 million of net losses recognized for the three months ended May 31, 2017, as follows: (in millions) Gain on sale of business $ 262.4 Impairment of trademarks (8.4 ) Other net costs (15.2 ) Net gain associated with the Canadian Divestiture and related activities $ 238.8 The following table summarizes the net gain recognized in connection with this divestiture: (in millions) Cash received from buyer $ 580.2 Net assets sold (175.3 ) AOCI reclassification adjustments, primarily foreign currency translation (122.5 ) Direct costs to sell (9.9 ) Other (10.1 ) Gain on sale of business $ 262.4

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Major components of intangible assets	The major components of intangible assets are as follows: May 31, 2017 February 28, 2017 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.1 $ 47.3 $ 89.1 $ 48.6 Other 19.9 1.6 19.9 1.7 Total $ 109.0 48.9 $ 109.0 50.3 Nonamortizable intangible assets Trademarks 3,240.8 3,327.4 Total intangible assets $ 3,289.7 $ 3,377.7
Estimated amortization expense	Estimated amortization expense for the remaining nine months of fiscal 2018 and for each of the five succeeding fiscal years and thereafter is as follows: (in millions) 2018 $ 4.3 2019 $ 5.7 2020 $ 5.5 2021 $ 5.2 2022 $ 4.9 2023 $ 3.2 Thereafter $ 20.1

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	May 31, 2017
Debt Disclosure [Abstract]
Borrowings	As of May 31, 2017 , our accounts receivable securitization facilities are as follows: Outstanding Borrowings Weighted Average Interest Rate Remaining Borrowing Capacity (in millions) CBI Facility $ 198.2 1.9 % $ 101.8 Crown Facility $ 206.0 1.9 % $ 4.0 Borrowings consist of the following: May 31, 2017 February 28, Current Long-term Total Total (in millions) Notes payable to banks Senior Credit Facility – Revolving Credit Loans $ 505.0 $ — $ 505.0 $ 231.0 Other 483.1 — 483.1 375.5 $ 988.1 $ — $ 988.1 $ 606.5 Long-term debt Senior Credit Facility – Term Loans $ 129.0 $ 2,458.1 $ 2,587.1 $ 3,787.5 Senior Notes — 5,401.2 5,401.2 4,617.0 Other 17.2 217.9 235.1 227.1 $ 146.2 $ 8,077.2 $ 8,223.4 $ 8,631.6 Accordingly, as of May 31, 2017 , information with respect to borrowings under the 2016 Credit Agreement is as follows: Revolving Credit Facility U.S. Term A-1 Facility (1) European Term A Facility (1) European Term A-1 Facility (1) European Term A-2 Facility (1) (in millions) Outstanding borrowings $ 505.0 $ 237.4 $ 1,299.4 $ 662.4 $ 387.9 Interest rate 2.5 % 2.7 % 2.5 % 2.5 % 2.5 % LIBOR margin 1.5 % 1.75 % 1.5 % 1.5 % 1.5 % Outstanding letters of credit $ 17.5 Remaining borrowing capacity $ 627.5 (1) Outstanding term loan facility borrowings are net of unamortized debt issuance costs. In May 2017, we issued $1,500.0 million aggregate principal amount of Senior Notes (the “May 2017 Senior Notes”). Proceeds from this offering, net of discount and debt issuance costs, were $1,483.8 million . The May 2017 Senior Notes consist of: Date of Maturity Interest Payments Principal (in millions) 2.70% Senior Notes (1) (2) May 2022 May/Nov $ 500.0 3.50% Senior Notes (1) (3) May 2027 May/Nov $ 500.0 4.50% Senior Notes (1) (4) May 2047 May/Nov $ 500.0 (1) Senior unsecured obligations which rank equally in right of payment to all of our existing and future senior unsecured indebtedness. Guaranteed by certain of our U.S. subsidiaries on a senior unsecured basis. (2) Redeemable, in whole or in part, at our option at any time prior to April 9, 2022, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 15 basis points. On or after April 9, 2022, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest. (3) Redeemable, in whole or in part, at our option at any time prior to February 9, 2027, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 20 basis points. On or after February 9, 2027, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest. (4) Redeemable, in whole or in part, at our option at any time prior to November 9, 2046, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the adjusted Treasury Rate plus 25 basis points. On or after November 9, 2046, redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest.
Required principal repayments under senior credit facility term loan obligations	As of May 31, 2017 , the required principal repayments of the term loans under the 2016 Credit Agreement (excluding unamortized debt issuance costs of $10.6 million ) for the remaining nine months of fiscal 2018 and for each of the remaining succeeding fiscal years are as follows: U.S. Term A-1 Facility European Term A Facility European Term A-1 Facility European Term A-2 Facility Total (in millions) 2018 $ 1.8 $ 53.7 $ 26.2 $ 15.0 $ 96.7 2019 2.4 71.5 35.0 20.0 128.9 2020 2.4 71.5 35.0 20.0 128.9 2021 2.4 1,108.3 35.0 20.0 1,165.7 2022 228.7 — 533.8 315.0 1,077.5 $ 237.7 $ 1,305.0 $ 665.0 $ 390.0 $ 2,597.7

Net Income Per Common Share A27

Net Income Per Common Share Attributable to CBI (Tables)	3 Months Ended
	May 31, 2017
Earnings Per Share [Abstract]
Basic and diluted net income per common share attributable to CBI	The computation of basic and diluted net income per common share is as follows: For the Three Months Ended May 31, 2017 May 31, 2016 Common Stock Common Stock Class A Class B Class A Class B (in millions, except per share data) Net income attributable to CBI allocated – basic $ 358.6 $ 44.2 $ 284.2 $ 34.1 Conversion of Class B common shares into Class A common shares 44.2 — 34.1 — Effect of stock-based awards on allocated net income — (1.0 ) — (0.7 ) Net income attributable to CBI allocated – diluted $ 402.8 $ 43.2 $ 318.3 $ 33.4 Weighted average common shares outstanding – basic 171.555 23.344 176.542 23.353 Conversion of Class B common shares into Class A common shares 23.344 — 23.353 — Stock-based awards, primarily stock options 6.131 — 5.472 — Weighted average common shares outstanding – diluted 201.030 23.344 205.367 23.353 Net income per common share attributable to CBI – basic $ 2.09 $ 1.90 $ 1.61 $ 1.46 Net income per common share attributable to CBI – diluted $ 2.00 $ 1.85 $ 1.55 $ 1.43

Comprehensive Income Attribut28

Comprehensive Income Attributable to CBI (Tables)	3 Months Ended
	May 31, 2017
Equity [Abstract]
Reconciliation of net income attributable to CBI to comprehensive income attributable to CBI	The reconciliation of net income attributable to CBI to comprehensive income attributable to CBI is as follows: Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2017 Net income attributable to CBI $ 402.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gains $ 148.7 $ (0.2 ) 148.5 Reclassification adjustments — — — Net gain recognized in other comprehensive income 148.7 (0.2 ) 148.5 Unrealized gain on cash flow hedges: Net derivative gains 51.9 (15.3 ) 36.6 Reclassification adjustments 3.8 (1.2 ) 2.6 Net gain recognized in other comprehensive income 55.7 (16.5 ) 39.2 Unrealized loss on AFS debt securities: Net AFS debt securities losses (0.3 ) — (0.3 ) Reclassification adjustments — — — Net loss recognized in other comprehensive income (0.3 ) — (0.3 ) Pension/postretirement adjustments: Net actuarial gains — — — Reclassification adjustments 0.1 — 0.1 Net gain recognized in other comprehensive income 0.1 — 0.1 Other comprehensive income attributable to CBI $ 204.2 $ (16.7 ) 187.5 Comprehensive income attributable to CBI $ 590.3 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2016 Net income attributable to CBI $ 318.3 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net losses $ (7.4 ) $ (1.8 ) (9.2 ) Reclassification adjustments — — — Net loss recognized in other comprehensive loss (7.4 ) (1.8 ) (9.2 ) Unrealized loss on cash flow hedges: Net derivative losses (3.2 ) 1.8 (1.4 ) Reclassification adjustments 10.1 (3.4 ) 6.7 Net gain recognized in other comprehensive loss 6.9 (1.6 ) 5.3 Unrealized gain on AFS debt securities: Net AFS debt securities gains 0.1 — 0.1 Reclassification adjustments — — — Net gain recognized in other comprehensive loss 0.1 — 0.1 Pension/postretirement adjustments: Net actuarial losses (0.6 ) 0.2 (0.4 ) Reclassification adjustments 0.2 — 0.2 Net loss recognized in other comprehensive loss (0.4 ) 0.2 (0.2 ) Other comprehensive loss attributable to CBI $ (0.8 ) $ (3.2 ) (4.0 ) Comprehensive income attributable to CBI $ 314.3
Accumulated other comprehensive loss, net of income tax effect	Accumulated other comprehensive income (loss), net of income tax effect, includes the following components: Foreign Currency Translation Adjustments Net Unrealized Gains (Losses) on Derivative Instruments Net Unrealized Losses on AFS Debt Securities Pension/ Postretirement Adjustments Accumulated Other Comprehensive Income (Loss) (in millions) Balance, February 28, 2017 $ (358.0 ) $ (38.0 ) $ (2.3 ) $ (1.5 ) $ (399.8 ) Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 148.5 36.6 (0.3 ) — 184.8 Amounts reclassified from accumulated other comprehensive income (loss) — 2.6 — 0.1 2.7 Other comprehensive income (loss) 148.5 39.2 (0.3 ) 0.1 187.5 Balance, May 31, 2017 $ (209.5 ) $ 1.2 $ (2.6 ) $ (1.4 ) $ (212.3 )

Condensed Consolidating Finan29

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	May 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at May 31, 2017 Current assets: Cash and cash equivalents $ 32.6 $ 6.9 $ 159.6 $ — $ 199.1 Accounts receivable 1.7 10.1 820.2 — 832.0 Inventories 170.8 1,578.4 371.2 (183.5 ) 1,936.9 Intercompany receivable 22,818.1 29,965.6 13,180.2 (65,963.9 ) — Prepaid expenses and other 90.6 66.8 247.7 (12.6 ) 392.5 Total current assets 23,113.8 31,627.8 14,778.9 (66,160.0 ) 3,360.5 Property, plant and equipment 70.1 942.8 3,174.0 — 4,186.9 Investments in subsidiaries 14,483.5 126.2 — (14,609.7 ) — Goodwill — 6,587.8 1,384.5 — 7,972.3 Intangible assets — 866.9 2,422.8 — 3,289.7 Intercompany notes receivable 5,129.9 — 101.1 (5,231.0 ) — Other assets 17.8 77.2 55.0 — 150.0 Total assets $ 42,815.1 $ 40,228.7 $ 21,916.3 $ (86,000.7 ) $ 18,959.4 Current liabilities: Notes payable to banks $ 485.0 $ — $ 503.1 $ — $ 988.1 Current maturities of long-term debt 4.5 15.1 126.6 — 146.2 Accounts payable 35.7 157.7 365.4 — 558.8 Intercompany payable 29,013.0 23,973.0 12,977.9 (65,963.9 ) — Other accrued expenses and liabilities 201.8 219.4 109.1 (41.0 ) 489.3 Total current liabilities 29,740.0 24,365.2 14,082.1 (66,004.9 ) 2,182.4 Long-term debt, less current maturities 5,638.1 19.3 2,419.8 — 8,077.2 Deferred income taxes 13.6 814.1 307.8 — 1,135.5 Intercompany notes payable — 5,201.3 29.7 (5,231.0 ) — Other liabilities 33.7 21.2 111.6 — 166.5 Total liabilities 35,425.4 30,421.1 16,951.0 (71,235.9 ) 11,561.6 Total CBI stockholders’ equity 7,389.7 9,807.6 4,957.2 (14,764.8 ) 7,389.7 Noncontrolling interests — — 8.1 — 8.1 Total stockholders’ equity 7,389.7 9,807.6 4,965.3 (14,764.8 ) 7,397.8 Total liabilities and stockholders’ equity $ 42,815.1 $ 40,228.7 $ 21,916.3 $ (86,000.7 ) $ 18,959.4 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2017 Current assets: Cash and cash equivalents $ 9.6 $ 5.8 $ 162.0 $ — $ 177.4 Accounts receivable 2.4 18.5 716.1 — 737.0 Inventories 162.3 1,628.5 330.9 (166.6 ) 1,955.1 Intercompany receivable 21,927.8 28,384.7 12,410.6 (62,723.1 ) — Prepaid expenses and other 40.4 74.8 169.0 76.3 360.5 Total current assets 22,142.5 30,112.3 13,788.6 (62,813.4 ) 3,230.0 Property, plant and equipment 69.5 951.1 2,912.2 — 3,932.8 Investments in subsidiaries 13,884.2 125.0 — (14,009.2 ) — Goodwill — 6,589.9 1,330.6 — 7,920.5 Intangible assets — 955.1 2,422.6 — 3,377.7 Intercompany notes receivable 5,074.5 188.3 100.6 (5,363.4 ) — Other assets 17.9 77.2 46.3 — 141.4 Total assets $ 41,188.6 $ 38,998.9 $ 20,600.9 $ (82,186.0 ) $ 18,602.4 Current liabilities: Notes payable to banks $ 231.0 $ — $ 375.5 $ — $ 606.5 Current maturities of long-term debt 767.9 16.3 126.7 — 910.9 Accounts payable 47.6 146.2 366.0 — 559.8 Intercompany payable 27,675.4 22,786.3 12,261.4 (62,723.1 ) — Other accrued expenses and liabilities 270.2 164.8 153.8 31.6 620.4 Total current liabilities 28,992.1 23,113.6 13,283.4 (62,691.5 ) 2,697.6 Long-term debt, less current maturities 5,260.2 23.0 2,437.5 — 7,720.7 Deferred income taxes 13.3 823.2 297.1 — 1,133.6 Intercompany notes payable — 5,334.0 29.4 (5,363.4 ) — Other liabilities 31.8 18.9 115.0 — 165.7 Total liabilities 34,297.4 29,312.7 16,162.4 (68,054.9 ) 11,717.6 Total CBI stockholders’ equity 6,891.2 9,686.2 4,444.9 (14,131.1 ) 6,891.2 Noncontrolling interests — — (6.4 ) — (6.4 ) Total stockholders’ equity 6,891.2 9,686.2 4,438.5 (14,131.1 ) 6,884.8 Total liabilities and stockholders’ equity $ 41,188.6 $ 38,998.9 $ 20,600.9 $ (82,186.0 ) $ 18,602.4
Condensed Consolidating Statement of Comprehensive Income	Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 698.8 $ 1,794.2 $ 868.5 $ (1,246.2 ) $ 2,115.3 Less – excise taxes (83.7 ) (93.4 ) (2.7 ) — (179.8 ) Net sales 615.1 1,700.8 865.8 (1,246.2 ) 1,935.5 Cost of product sold (477.2 ) (1,232.0 ) (452.9 ) 1,221.9 (940.2 ) Gross profit 137.9 468.8 412.9 (24.3 ) 995.3 Selling, general and administrative expenses (104.9 ) (303.3 ) (27.9 ) 8.9 (427.2 ) Operating income 33.0 165.5 385.0 (15.4 ) 568.1 Equity in earnings of equity method investees and subsidiaries 433.5 1.1 0.5 (434.7 ) 0.4 Interest income — — 0.1 — 0.1 Intercompany interest income 57.9 93.3 0.8 (152.0 ) — Interest expense (65.2 ) (0.3 ) (17.0 ) — (82.5 ) Intercompany interest expense (93.3 ) (58.1 ) (0.6 ) 152.0 — Loss on write-off of debt issuance costs (6.7 ) — — — (6.7 ) Income before income taxes 359.2 201.5 368.8 (450.1 ) 479.4 (Provision for) benefit from income taxes 43.6 (65.5 ) (36.0 ) (16.2 ) (74.1 ) Net income 402.8 136.0 332.8 (466.3 ) 405.3 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 402.8 $ 136.0 $ 330.3 $ (466.3 ) $ 402.8 Comprehensive income attributable to CBI $ 590.3 $ 135.3 $ 520.2 $ (655.5 ) $ 590.3 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2016 Sales $ 623.7 $ 1,686.8 $ 966.1 $ (1,223.6 ) $ 2,053.0 Less – excise taxes (78.0 ) (86.9 ) (16.3 ) — (181.2 ) Net sales 545.7 1,599.9 949.8 (1,223.6 ) 1,871.8 Cost of product sold (451.4 ) (1,151.5 ) (564.8 ) 1,177.2 (990.5 ) Gross profit 94.3 448.4 385.0 (46.4 ) 881.3 Selling, general and administrative expenses (91.3 ) (193.1 ) (55.2 ) 11.0 (328.6 ) Operating income 3.0 255.3 329.8 (35.4 ) 552.7 Equity in earnings of equity method investees and subsidiaries 368.9 2.3 — (370.5 ) 0.7 Interest income 0.1 — 0.3 — 0.4 Intercompany interest income 57.4 73.3 — (130.7 ) — Interest expense (74.3 ) (0.4 ) (10.3 ) — (85.0 ) Intercompany interest expense (73.1 ) (57.4 ) (0.2 ) 130.7 — Income before income taxes 282.0 273.1 319.6 (405.9 ) 468.8 (Provision for) benefit from income taxes 36.3 (105.9 ) (91.5 ) 11.4 (149.7 ) Net income 318.3 167.2 228.1 (394.5 ) 319.1 Net income attributable to noncontrolling interests — — (0.8 ) — (0.8 ) Net income attributable to CBI $ 318.3 $ 167.2 $ 227.3 $ (394.5 ) $ 318.3 Comprehensive income attributable to CBI $ 314.3 $ 168.7 $ 221.5 $ (390.2 ) $ 314.3
Condensed Consolidating Statement of Cash Flows	Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2017 Net cash provided by (used in) operating activities $ (161.0 ) $ 451.6 $ 91.0 $ — $ 381.6 Cash flows from investing activities: Purchases of property, plant and equipment (4.8 ) (25.6 ) (186.7 ) — (217.1 ) Payments related to sale of business — — (5.0 ) — (5.0 ) Net proceeds from intercompany notes 419.3 0.9 — (420.2 ) — Net investments in equity affiliates (5.8 ) — — 5.8 — Other investing activities — — 0.8 — 0.8 Net cash provided by (used in) investing activities 408.7 (24.7 ) (190.9 ) (414.4 ) (221.3 ) Cash flows from financing activities: Dividends paid to parent company — — (8.0 ) 8.0 — Net contributions from equity affiliates — 13.6 0.2 (13.8 ) — Net repayments of intercompany notes (1.7 ) (413.1 ) (5.4 ) 420.2 — Principal payments of long-term debt (1,876.8 ) (4.9 ) (31.7 ) — (1,913.4 ) Dividends paid (100.5 ) — — — (100.5 ) Payments of minimum tax withholdings on stock-based payment awards — (21.4 ) (0.9 ) — (22.3 ) Payments of debt issuance costs (11.8 ) — — — (11.8 ) Proceeds from issuance of long-term debt 1,495.5 — 13.0 — 1,508.5 Net proceeds from notes payable 254.0 — 127.3 — 381.3 Proceeds from shares issued under equity compensation plans 16.6 — — — 16.6 Net cash provided by (used in) financing activities (224.7 ) (425.8 ) 94.5 414.4 (141.6 ) Effect of exchange rate changes on cash and cash equivalents — — 3.0 — 3.0 Net increase (decrease) in cash and cash equivalents 23.0 1.1 (2.4 ) — 21.7 Cash and cash equivalents, beginning of period 9.6 5.8 162.0 — 177.4 Cash and cash equivalents, end of period $ 32.6 $ 6.9 $ 159.6 $ — $ 199.1 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2016 Net cash provided by (used in) operating activities $ (221.8 ) $ 1.0 $ 566.7 $ — $ 345.9 Cash flows from investing activities: Purchases of property, plant and equipment (4.1 ) (27.5 ) (137.8 ) — (169.4 ) Purchase of business — (284.9 ) — — (284.9 ) Net repayments of intercompany notes (377.2 ) (0.1 ) — 377.3 — Net returns of capital from equity affiliates 354.8 — — (354.8 ) — Other investing activities 0.1 — 0.3 — 0.4 Net cash used in investing activities (26.4 ) (312.5 ) (137.5 ) 22.5 (453.9 ) Cash flows from financing activities: Dividends paid to parent company — — (357.0 ) 357.0 — Net contributions from equity affiliates — 0.1 2.1 (2.2 ) — Net proceeds from (repayments of) intercompany notes 275.5 362.6 (260.8 ) (377.3 ) — Principal payments of long-term debt (16.5 ) (6.0 ) (71.7 ) — (94.2 ) Dividends paid (79.3 ) — — — (79.3 ) Payments of minimum tax withholdings on stock-based payment awards — (42.5 ) (3.0 ) — (45.5 ) Payments of debt issuance costs — — (3.2 ) — (3.2 ) Proceeds from issuance of long-term debt — — 709.5 — 709.5 Net repayments of notes payable — — (379.1 ) — (379.1 ) Proceeds from shares issued under equity compensation plans 15.9 — — — 15.9 Excess tax benefits from stock-based payment awards 68.8 — — — 68.8 Purchases of treasury stock (1.0 ) — — — (1.0 ) Net cash provided by (used in) financing activities 263.4 314.2 (363.2 ) (22.5 ) 191.9 Effect of exchange rate changes on cash and cash equivalents — — 0.3 — 0.3 Net increase in cash and cash equivalents 15.2 2.7 66.3 — 84.2 Cash and cash equivalents, beginning of period 6.0 4.2 72.9 — 83.1 Cash and cash equivalents, end of period $ 21.2 $ 6.9 $ 139.2 $ — $ 167.3

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	May 31, 2017
Segment Reporting [Abstract]
Comparable adjustments	Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows: For the Three Months Ended May 31, 2017 2016 (in millions) Cost of product sold Flow through of inventory step-up $ (7.0 ) $ (8.1 ) Net gain (loss) on undesignated commodity derivative contracts (3.1 ) 13.1 Settlements of undesignated commodity derivative contracts 2.4 8.3 Amortization of favorable interim supply agreement — (2.2 ) Total cost of product sold (7.7 ) 11.1 Selling, general and administrative expenses Impairment of intangible assets (86.8 ) — Costs associated with the Canadian Divestiture and related activities (3.2 ) (3.7 ) Transaction, integration and other acquisition-related costs (1.6 ) (2.3 ) Other losses (1.4 ) (1.1 ) Total selling, general and administrative expenses (93.0 ) (7.1 ) Comparable Adjustments, Operating income (loss) $ (100.7 ) $ 4.0
Segment information	Segment information is as follows: For the Three Months Ended May 31, 2017 2016 (in millions) Beer Net sales $ 1,242.3 $ 1,151.0 Segment operating income $ 500.6 $ 409.3 Long-lived tangible assets $ 3,081.1 $ 2,362.3 Total assets $ 11,679.1 $ 10,276.3 Capital expenditures $ 191.2 $ 145.0 Depreciation and amortization $ 39.8 $ 25.9 For the Three Months Ended May 31, 2017 2016 (in millions) Wine and Spirits Net sales: Wine $ 605.0 $ 643.1 Spirits 88.2 77.7 Net sales $ 693.2 $ 720.8 Segment operating income $ 205.6 $ 168.0 Equity in earnings of equity method investees $ 0.2 $ 0.8 Long-lived tangible assets $ 982.2 $ 1,035.3 Investments in equity method investees $ 77.3 $ 76.5 Total assets $ 6,888.3 $ 6,984.8 Capital expenditures $ 21.6 $ 12.5 Depreciation and amortization $ 22.6 $ 24.9 Corporate Operations and Other Segment operating loss $ (37.4 ) $ (28.6 ) Equity in earnings (losses) of equity method investees $ 0.2 $ (0.1 ) Long-lived tangible assets $ 123.6 $ 109.6 Investments in equity method investees $ 21.3 $ 5.9 Total assets $ 392.0 $ 368.9 Capital expenditures $ 4.3 $ 11.9 Depreciation and amortization $ 9.1 $ 7.0 Comparable Adjustments Operating income (loss) $ (100.7 ) $ 4.0 Depreciation and amortization $ — $ 2.2 Consolidated Net sales $ 1,935.5 $ 1,871.8 Operating income $ 568.1 $ 552.7 Equity in earnings of equity method investees $ 0.4 $ 0.7 Long-lived tangible assets $ 4,186.9 $ 3,507.2 Investments in equity method investees $ 98.6 $ 82.4 Total assets $ 18,959.4 $ 17,630.0 Capital expenditures $ 217.1 $ 169.4 Depreciation and amortization $ 71.5 $ 60.0

Basis of Presentation (Details

Basis of Presentation (Details Textual) $ in Millions	3 Months Ended
	May 31, 2016USD ($)
Conversion of Equity to Debt [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Reclassification of proceeds from noncontrolling interests to proceeds from issuance of long-term debt	$ 9.5

Recently Adopted Accounting G32

Recently Adopted Accounting Guidance (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ 74.1	$ 149.7
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ 32.5
Net income per common share attributable to CBI, diluted	$ 0.02

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 169.5	$ 149.7
In-process inventories	1,189.8	1,260.1
Finished case goods	577.6	545.3
Inventories, Total	$ 1,936.9	$ 1,955.1

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 998.7	$ 981.7
Designated as hedging instrument [Member] | Interest rate swap contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	250	250
Not designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	288.5	389.9
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 165.8	$ 153.2

Derivative Instruments (Detai35

Derivative Instruments (Details 1) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Prepaid expenses and other [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Assets	$ 15.4	$ 5.2
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other accrued expenses and liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	11.7	30.4
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other assets [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Assets	14.2	6
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	15.7	37.4
Designated as hedging instrument [Member] | Interest rate swap contracts [Member] | Prepaid expenses and other [Member]
Fair value and location of our derivative instruments on our balance sheets
Interest rate swap contracts, Assets	0.5	0.3
Designated as hedging instrument [Member] | Interest rate swap contracts [Member] | Other accrued expenses and liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Interest rate swap contracts, Liabilities	0.1	0.3
Designated as hedging instrument [Member] | Interest rate swap contracts [Member] | Other assets [Member]
Fair value and location of our derivative instruments on our balance sheets
Interest rate swap contracts, Assets	3.3	4.4
Not designated as hedging instrument [Member] | Foreign currency contracts [Member] | Prepaid expenses and other [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Assets	1.7	2
Not designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other accrued expenses and liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	1	2.6
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Prepaid expenses and other [Member]
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Assets	3.3	4.3
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Other accrued expenses and liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Liabilities	6	6.9
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Other assets [Member]
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Assets	1.2	1.5
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Other liabilities [Member]
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Liabilities	$ 5.3	$ 4.7

Derivative Instruments (Detai36

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Effect of our undesignated derivative instruments on our results of operations
Net Gain (Loss) Recognized in Income	$ 1.6	$ 2.6
Foreign currency contracts [Member] | Selling, general and administrative expenses [Member]
Effect of our undesignated derivative instruments on our results of operations
Net Gain (Loss) Recognized in Income	4.7	(10.5)
Commodity derivative contracts [Member] | Cost of product sold [Member]
Effect of our undesignated derivative instruments on our results of operations
Net Gain (Loss) Recognized in Income	(3.1)	13.1
Cash flow hedging [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Recognized in OCI (Effective portion)	36.6	(1.4)
Net Gain (Loss) Reclassified from AOCI to Income (Effective portion)	(2.5)	(6.8)
Cash flow hedging [Member] | Foreign currency contracts [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Recognized in OCI (Effective portion)	38.6	(2.3)
Cash flow hedging [Member] | Foreign currency contracts [Member] | Sales [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Reclassified from AOCI to Income (Effective portion)	0.3	0.1
Cash flow hedging [Member] | Foreign currency contracts [Member] | Cost of product sold [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Reclassified from AOCI to Income (Effective portion)	(2.7)	(5)
Cash flow hedging [Member] | Interest rate swap contracts [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Recognized in OCI (Effective portion)	(2)	0.9
Cash flow hedging [Member] | Interest rate swap contracts [Member] | Interest expense [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Reclassified from AOCI to Income (Effective portion)	$ (0.1)	$ (1.9)

Derivative Instruments (Detai37

Derivative Instruments (Details Textual) $ in Millions	3 Months Ended
	May 31, 2017USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments in a net liability position due to counterparties	$ 16.2
Amount of net losses, net of income tax effect, to be reclassified from AOCI to earnings within the next 12 months	$ 3.2

Fair Value of Financial Instr38

Fair Value of Financial Instruments (Details) - Recurring [Member] - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Assets:
Foreign currency contracts	$ 31.3	$ 13.2
Commodity derivative contracts	4.5	5.8
Interest rate swap contracts	3.8	4.7
Available-for-sale (“AFS”) debt securities	9.2	9.5
Liabilities:
Foreign currency contracts	28.4	70.4
Commodity derivative contracts	11.3	11.6
Interest rate swap contracts	0.1	0.3
Quoted Prices in Active Markets (Level 1) [Member]
Assets:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Interest rate swap contracts	0	0
Available-for-sale (“AFS”) debt securities	0	0
Liabilities:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Interest rate swap contracts	0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Foreign currency contracts	31.3	13.2
Commodity derivative contracts	4.5	5.8
Interest rate swap contracts	3.8	4.7
Available-for-sale (“AFS”) debt securities	0	0
Liabilities:
Foreign currency contracts	28.4	70.4
Commodity derivative contracts	11.3	11.6
Interest rate swap contracts	0.1	0.3
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Interest rate swap contracts	0	0
Available-for-sale (“AFS”) debt securities	9.2	9.5
Liabilities:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Interest rate swap contracts	$ 0	$ 0

Fair Value of Financial Instr39

Fair Value of Financial Instruments (Details 1) - Nonrecurring [Member] - Trademarks [Member] $ in Millions	3 Months Ended
	May 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks, Total Losses	$ 86.8
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks	0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks	$ 136

Fair Value of Financial Instr40

Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 8,223.4	$ 8,631.6
Carrying amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	8,223.4	8,631.6
Fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 8,534.5	$ 8,845.5

Fair Value of Financial Instr41

Fair Value of Financial Instruments Fair Value of Financial Instruments (Details Textual 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	Feb. 28, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks, carrying value	$ 3,289.7	$ 3,377.7
Operating Segments [Member] | Beer [Member] | Nonrecurring [Member] | Trademarks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks, carrying value	222.8
Trademarks, estimated fair value	136
Impairment of trademarks	$ 86.8

Goodwill (Details)

Goodwill (Details) CAD in Millions, $ in Millions	3 Months Ended	12 Months Ended
	May 31, 2017USD ($)	Feb. 28, 2017USD ($)	Dec. 16, 2016USD ($)	Dec. 16, 2016CAD
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	$ 7,920.5	$ 7,138.6
Purchase accounting allocations	7.6	884.5
Canadian Divestiture		(126.1)
Foreign currency translation adjustments	44.2	23.5
Goodwill, end of period	7,972.3	7,920.5
Operating Segments [Member] | Beer [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	5,053	4,530.1
Purchase accounting allocations	7.8	510.8
Canadian Divestiture		0
Foreign currency translation adjustments	45.6	12.1
Goodwill, end of period	5,106.4	5,053
Operating Segments [Member] | Wine and Spirits [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	2,867.5	2,608.5
Purchase accounting allocations	(0.2)	373.7
Canadian Divestiture		(126.1)
Foreign currency translation adjustments	(1.4)	11.4
Goodwill, end of period	$ 2,865.9	$ 2,867.5
Accumulated impairment losses			$ 216.8	CAD 289.1

Goodwill (Details 1)

Goodwill (Details 1) - USD ($) $ in Millions	May 31, 2017	May 31, 2017	Feb. 28, 2017	Feb. 28, 2017	Dec. 16, 2016
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Other net costs	$ (15.2)	$ (3.2)		$ (12)
Net gain associated with the Canadian Divestiture and related activities	238.8	$ (3.2)		242
Operating Segments [Member] | Wine and Spirits [Member] | Trademarks [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Impairment of trademarks			$ (8.4)	(8.4)
Canadian Divestiture [Member] | Disposal Group, Not Discontinued Operations [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Cash received from buyer	$ 580.2
AOCI reclassification adjustments, primarily foreign currency translation				(122.5)
Direct costs to sell			$ (9.9)	(9.9)
Other				(10.1)
Gain on sale of business				262.4
Gain on sale of business				$ 262.4
Canadian Divestiture [Member] | Disposal Group, Not Discontinued Operations [Member] | Operating Segments [Member] | Wine and Spirits [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Net assets sold					$ (175.3)

Goodwill (Details Textual)

Goodwill (Details Textual) - Operating Segments [Member] - USD ($) $ in Millions	1 Months Ended
	Dec. 31, 2016	Oct. 31, 2016	Apr. 30, 2016
Beer [Member] | Obregon Brewery [Member]
Goodwill [Line Items]
Purchase price, net of cash acquired	$ 568.7
Working capital adjustment due to seller	$ 1
Wine and Spirits [Member] | High West Acquisition [Member]
Goodwill [Line Items]
Purchase price, net of cash acquired		$ 136.6
Wine and Spirits [Member] | Charles Smith Acquisition [Member]
Goodwill [Line Items]
Purchase price, net of cash acquired		$ 120.8
Wine and Spirits [Member] | Prisoner Acquisition [Member]
Goodwill [Line Items]
Purchase price, net of cash acquired			$ 284.9

Goodwill (Details Textual 1)

Goodwill (Details Textual 1) CAD in Millions, $ in Millions	May 31, 2017USD ($)	May 31, 2017USD ($)	Feb. 28, 2017USD ($)	Feb. 28, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Outstanding debt	$ 235.1	$ 235.1	$ 227.1	$ 227.1
Other net costs	15.2	3.2		12
Net gain associated with the Canadian Divestiture and related activities	238.8	$ (3.2)		242
Operating Segments [Member] | Wine and Spirits [Member] | Trademarks [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of trademarks			8.4	8.4
Canadian Divestiture [Member] | Disposal Group, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction value of divestiture					$ 775.1	CAD 1,030
Cash proceeds, net of outstanding debt and direct costs to sell	$ 570.3
Outstanding debt					$ 194.9
Direct costs to sell			$ 9.9	$ 9.9

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016	Feb. 28, 2017
Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, Gross Carrying Amount	$ 109		$ 109
Amortizable intangible assets, Net Carrying Amount	48.9		50.3
Intangible assets	3,289.7		3,377.7
Amortization expense for intangible assets	1.4	$ 4.2
Trademarks [Member]
Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Nonamortizable intangible assets, Net Carrying Amount	3,240.8		3,327.4
Customer relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, Gross Carrying Amount	89.1		89.1
Amortizable intangible assets, Net Carrying Amount	47.3		48.6
Other [Member]
Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, Gross Carrying Amount	19.9		19.9
Amortizable intangible assets, Net Carrying Amount	$ 1.6		$ 1.7

Intangible Assets (Details 1)

Intangible Assets (Details 1) $ in Millions	May 31, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 4.3
2,019	5.7
2,020	5.5
2,021	5.2
2,022	4.9
2,023	3.2
Thereafter	$ 20.1

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	Feb. 28, 2017
Short-term Debt
Notes payable to banks	$ 988.1	$ 606.5
Notes payable to banks, Long-term	0
Notes payable to banks, Total	988.1	606.5
Long-term Debt
Other, Current	17.2
Other, Long-term	217.9
Other, Total	235.1	227.1
Long-term debt, Current	146.2	910.9
Long-term debt, Long-term	8,077.2	7,720.7
Long-term debt, Total	8,223.4	8,631.6
Senior Credit Facility - Term Loans [Member]
Long-term Debt
Senior Credit Facility - Term Loans, Current	129
Senior Credit Facility - Term Loans, Long-term	2,458.1
Senior Credit Facility - Term Loans, Total	2,587.1	3,787.5
Senior Credit Facility - Term Loans [Member] | U.S. Term A-1 Facility [Member]
Long-term Debt
Senior Credit Facility - Term Loans, Total	$ 237.4
Interest rate	2.70%
LIBOR margin	1.75%
Senior Credit Facility - Term Loans [Member] | European Term A Facility [Member]
Long-term Debt
Senior Credit Facility - Term Loans, Total	$ 1,299.4
Interest rate	2.50%
LIBOR margin	1.50%
Senior Credit Facility - Term Loans [Member] | European Term A-1 Facility [Member]
Long-term Debt
Senior Credit Facility - Term Loans, Total	$ 662.4
Interest rate	2.50%
LIBOR margin	1.50%
Senior Credit Facility - Term Loans [Member] | European Term A-2 Facility [Member]
Long-term Debt
Senior Credit Facility - Term Loans, Total	$ 387.9
Interest rate	2.50%
LIBOR margin	1.50%
Senior Notes [Member]
Long-term Debt
Senior Notes, Current	$ 0
Senior Notes, Long-term	5,401.2
Senior Notes, Total	5,401.2	4,617
Senior Notes [Member] | May 2017 Five Year Senior Notes [Member]
Long-term Debt
Debt instrument, face amount	$ 500
Percentage of outstanding principal amount as redemption price	100.00%
Basis points above adjusted treasury rate	15.00%
Coupon rate of notes	2.70%
Senior Notes [Member] | May 2017 Ten Year Senior Notes [Member]
Long-term Debt
Debt instrument, face amount	$ 500
Percentage of outstanding principal amount as redemption price	100.00%
Basis points above adjusted treasury rate	20.00%
Coupon rate of notes	3.50%
Senior Notes [Member] | May 2017 Thirty Year Senior Notes [Member]
Long-term Debt
Debt instrument, face amount	$ 500
Percentage of outstanding principal amount as redemption price	100.00%
Basis points above adjusted treasury rate	25.00%
Coupon rate of notes	4.50%
Senior Credit Facility - Revolving Credit Loans [Member]
Short-term Debt
Notes payable to banks	$ 505
Notes payable to banks, Long-term	0
Notes payable to banks, Total	$ 505	231
Long-term Debt
Interest rate	2.50%
LIBOR margin	1.50%
Remaining borrowing capacity	$ 627.5
Letters of Credit [Member]
Long-term Debt
Outstanding letters of credit	17.5
Other [Member]
Short-term Debt
Notes payable to banks	483.1
Notes payable to banks, Long-term	0
Notes payable to banks, Total	483.1	$ 375.5
Other [Member] | CBI Accounts Receivable Securitization Facility [Member]
Short-term Debt
Notes payable to banks	$ 198.2
Long-term Debt
Interest rate	1.90%
Remaining borrowing capacity	$ 101.8
Other [Member] | Crown Accounts Receivable Securitization Facility [Member]
Short-term Debt
Notes payable to banks	$ 206
Long-term Debt
Interest rate	1.90%
Remaining borrowing capacity	$ 4

Borrowings (Details 1)

Borrowings (Details 1) - Senior Credit Facility - Term Loans [Member] $ in Millions	May 31, 2017USD ($)
Required principal repayments under term loan obligations
2,018	$ 96.7
2,019	128.9
2,020	128.9
2,021	1,165.7
2,022	1,077.5
Long-term Debt, Gross	2,597.7
U.S. Term A-1 Facility [Member]
Required principal repayments under term loan obligations
2,018	1.8
2,019	2.4
2,020	2.4
2,021	2.4
2,022	228.7
Long-term Debt, Gross	237.7
European Term A Facility [Member]
Required principal repayments under term loan obligations
2,018	53.7
2,019	71.5
2,020	71.5
2,021	1,108.3
2,022	0
Long-term Debt, Gross	1,305
European Term A-1 Facility [Member]
Required principal repayments under term loan obligations
2,018	26.2
2,019	35
2,020	35
2,021	35
2,022	533.8
Long-term Debt, Gross	665
European Term A-2 Facility [Member]
Required principal repayments under term loan obligations
2,018	15
2,019	20
2,020	20
2,021	20
2,022	315
Long-term Debt, Gross	$ 390

Borrowings (Details Textual)

Borrowings (Details Textual) - USD ($)	3 Months Ended
	May 31, 2017	Jan. 31, 2008
Senior Credit Facility - Term Loans [Member]
Schedule of Debt [Line Items]
Unamortized debt issuance costs, long-term debt obligations	$ 10,600,000
Senior Notes [Member] | May 2017 Senior Notes [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount	1,500,000,000
Proceeds from issuance of long-term debt, net of discount and debt issuance costs	$ 1,483,800,000
Senior Notes [Member] | May 2007 Senior Notes [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount		$ 700,000,000
Coupon rate of notes		7.25%

Borrowings (Details Textual 1)

Borrowings (Details Textual 1) - USD ($)	May 31, 2017	Feb. 28, 2017
Debt Instrument [Line Items]
Derivative fixed average interest rate	1.10%
LIBOR [Member]
Debt Instrument [Line Items]
Floating LIBOR rate debt	$ 250,000,000
Interest rate swap contracts [Member] | Designated as hedging instrument [Member]
Debt Instrument [Line Items]
Aggregate notional value of derivative instruments	250,000,000	$ 250,000,000
Interest rate swap contracts [Member] | Designated as hedging instrument [Member] | Cash flow hedging [Member]
Debt Instrument [Line Items]
Aggregate notional value of derivative instruments	$ 250,000,000

Borrowings (Details Textual 2)

Borrowings (Details Textual 2) - Other [Member]	Sep. 27, 2016USD ($)
CBI Accounts Receivable Securitization Facility [Member]
Short-term Debt [Line Items]
Accounts receivable securitization facility, term	364 days
Accounts receivable securitization facility, Maximum borrowings one	$ 235,000,000
Accounts receivable securitization facility, Maximum borrowings two	$ 340,000,000
Crown Accounts Receivable Securitization Facility [Member]
Short-term Debt [Line Items]
Accounts receivable securitization facility, term	364 days
Accounts receivable securitization facility, Maximum borrowings one	$ 120,000,000
Accounts receivable securitization facility, Maximum borrowings two	$ 210,000,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	May 31, 2017	May 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	15.50%	31.90%

Net Income Per Common Share A54

Net Income Per Common Share Attributable to CBI (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	$ 402.8	$ 318.3
Class A Common Stock [Member]
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	358.6	284.2
Conversion of Class B common shares into Class A common shares	44.2	34.1
Effect of stock-based awards on allocated net income	0	0
Net income attributable to CBI allocated – diluted	$ 402.8	$ 318.3
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	171,555	176,542
Conversion of Class B common shares into Class A common shares	23,344	23,353
Stock-based awards, primarily stock options	6,131	5,472
Weighted average common shares outstanding – diluted	201,030	205,367
Basic and diluted net income per common share attributable to CBI
Net income per common share attributable to CBI – basic	$ 2.09	$ 1.61
Net income per common share attributable to CBI – diluted	$ 2	$ 1.55
Class B Convertible Common Stock [Member]
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	$ 44.2	$ 34.1
Conversion of Class B common shares into Class A common shares	0	0
Effect of stock-based awards on allocated net income	(1)	(0.7)
Net income attributable to CBI allocated – diluted	$ 43.2	$ 33.4
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	23,344	23,353
Conversion of Class B common shares into Class A common shares	0	0
Stock-based awards, primarily stock options	0	0
Weighted average common shares outstanding – diluted	23,344	23,353
Basic and diluted net income per common share attributable to CBI
Net income per common share attributable to CBI – basic	$ 1.90	$ 1.46
Net income per common share attributable to CBI – diluted	$ 1.85	$ 1.43

Comprehensive Income Attribut55

Comprehensive Income Attributable to CBI (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income attributable to CBI	$ 402.8	$ 318.3
Pension/postretirement adjustments
Comprehensive income attributable to CBI	590.3	314.3
Accumulated Other Comprehensive Income (Loss) [Member]
Foreign currency translation adjustments
Net gains (losses), Before Tax Amount	148.7	(7.4)
Net gains (losses), Tax (Expense) Benefit	(0.2)	(1.8)
Net gains (losses), Net of Tax Amount	148.5	(9.2)
Reclassification adjustments, Before Tax Amount	0	0
Reclassification adjustments, Tax (Expense) Benefit	0	0
Reclassification adjustments, Net of Tax Amount	0	0
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	148.7	(7.4)
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	(0.2)	(1.8)
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	148.5	(9.2)
Unrealized gain (loss) on cash flow hedges
Net derivative gains (losses), Before Tax Amount	51.9	(3.2)
Net derivative gains (losses), Tax (Expense) Benefit	(15.3)	1.8
Net derivative gains (losses), Net of Tax Amount	36.6	(1.4)
Reclassification adjustments, Before Tax Amount	3.8	10.1
Reclassification adjustments, Tax (Expense) Benefit	(1.2)	(3.4)
Reclassification adjustments, Net of Tax Amount	2.6	6.7
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	55.7	6.9
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	(16.5)	(1.6)
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	39.2	5.3
Unrealized gain (loss) on AFS debt securities
Net AFS debt securities gains (losses), Before Tax Amount	(0.3)	0.1
Net AFS debt securities gains (losses), Tax (Expense) Benefit	0	0
Net AFS debt securities gains (losses), Net of Tax Amount	(0.3)	0.1
Reclassification adjustments, Before Tax Amount	0	0
Reclassification adjustments, Tax (Expense) Benefit	0	0
Reclassification adjustments, Net of Tax Amount	0	0
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	(0.3)	0.1
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	0	0
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	(0.3)	0.1
Pension/postretirement adjustments
Net actuarial gains (losses), Before Tax Amount	0	(0.6)
Net actuarial gains (losses), Tax (Expense) Benefit	0	0.2
Net actuarial gains (losses), Net of Tax Amount	0	(0.4)
Reclassification adjustments, Before Tax Amount	0.1	0.2
Reclassification adjustments, Tax (Expense) Benefit	0	0
Reclassification adjustments, Net of Tax Amount	0.1	0.2
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	0.1	(0.4)
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	0	0.2
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	0.1	(0.2)
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	204.2	(0.8)
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	(16.7)	(3.2)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	$ 187.5	$ (4)

Comprehensive Income Attribut56

Comprehensive Income Attributable to CBI (Details 1) $ in Millions	3 Months Ended
	May 31, 2017USD ($)
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	$ 6,891.2
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Balance, May 31, 2017	7,389.7
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	(399.8)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	184.8
Amounts reclassified from accumulated other comprehensive income (loss)	2.7
Other comprehensive income (loss)	187.5
Balance, May 31, 2017	(212.3)
Foreign Currency Translation Adjustments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	(358)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	148.5
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income (loss)	148.5
Balance, May 31, 2017	(209.5)
Net Unrealized Gains (Losses) on Derivative Instruments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	(38)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	36.6
Amounts reclassified from accumulated other comprehensive income (loss)	2.6
Other comprehensive income (loss)	39.2
Balance, May 31, 2017	1.2
Net Unrealized Losses on AFS Debt Securities [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	(2.3)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	(0.3)
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income (loss)	(0.3)
Balance, May 31, 2017	(2.6)
Pension/ Postretirement Adjustments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Balance, February 28, 2017	(1.5)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.1
Other comprehensive income (loss)	0.1
Balance, May 31, 2017	$ (1.4)

Condensed Consolidating Finan57

Condensed Consolidating Financial Information (Details) - USD ($) $ in Millions	May 31, 2017	Feb. 28, 2017	May 31, 2016	Feb. 29, 2016
Condensed Financial Statements, Captions [Line Items]
Percentage of parent ownership of subsidiary guarantors	100.00%
Current assets:
Cash and cash equivalents	$ 199.1	$ 177.4	$ 167.3	$ 83.1
Accounts receivable	832	737
Inventories	1,936.9	1,955.1
Intercompany receivable	0	0
Prepaid expenses and other	392.5	360.5
Total current assets	3,360.5	3,230
Property, plant and equipment	4,186.9	3,932.8	3,507.2
Investments in subsidiaries	0	0
Goodwill	7,972.3	7,920.5		7,138.6
Intangible assets	3,289.7	3,377.7
Intercompany notes receivable	0	0
Other assets	150	141.4
Total assets	18,959.4	18,602.4	17,630
Current liabilities:
Notes payable to banks	988.1	606.5
Current maturities of long-term debt	146.2	910.9
Accounts payable	558.8	559.8
Intercompany payable	0	0
Other accrued expenses and liabilities	489.3	620.4
Total current liabilities	2,182.4	2,697.6
Long-term debt, less current maturities	8,077.2	7,720.7
Deferred income taxes	1,135.5	1,133.6
Intercompany notes payable	0	0
Other liabilities	166.5	165.7
Total liabilities	11,561.6	11,717.6
Total CBI stockholders’ equity	7,389.7	6,891.2
Noncontrolling interests	8.1	(6.4)
Total stockholders’ equity	7,397.8	6,884.8
Total liabilities and stockholders’ equity	18,959.4	18,602.4
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable	0	0
Inventories	(183.5)	(166.6)
Intercompany receivable	(65,963.9)	(62,723.1)
Prepaid expenses and other	(12.6)	76.3
Total current assets	(66,160)	(62,813.4)
Property, plant and equipment	0	0
Investments in subsidiaries	(14,609.7)	(14,009.2)
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	(5,231)	(5,363.4)
Other assets	0	0
Total assets	(86,000.7)	(82,186)
Current liabilities:
Notes payable to banks	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	0
Intercompany payable	(65,963.9)	(62,723.1)
Other accrued expenses and liabilities	(41)	31.6
Total current liabilities	(66,004.9)	(62,691.5)
Long-term debt, less current maturities	0	0
Deferred income taxes	0	0
Intercompany notes payable	(5,231)	(5,363.4)
Other liabilities	0	0
Total liabilities	(71,235.9)	(68,054.9)
Total CBI stockholders’ equity	(14,764.8)	(14,131.1)
Noncontrolling interests	0	0
Total stockholders’ equity	(14,764.8)	(14,131.1)
Total liabilities and stockholders’ equity	(86,000.7)	(82,186)
Parent Company [Member]
Current assets:
Cash and cash equivalents	32.6	9.6	21.2	6
Accounts receivable	1.7	2.4
Inventories	170.8	162.3
Intercompany receivable	22,818.1	21,927.8
Prepaid expenses and other	90.6	40.4
Total current assets	23,113.8	22,142.5
Property, plant and equipment	70.1	69.5
Investments in subsidiaries	14,483.5	13,884.2
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	5,129.9	5,074.5
Other assets	17.8	17.9
Total assets	42,815.1	41,188.6
Current liabilities:
Notes payable to banks	485	231
Current maturities of long-term debt	4.5	767.9
Accounts payable	35.7	47.6
Intercompany payable	29,013	27,675.4
Other accrued expenses and liabilities	201.8	270.2
Total current liabilities	29,740	28,992.1
Long-term debt, less current maturities	5,638.1	5,260.2
Deferred income taxes	13.6	13.3
Intercompany notes payable	0	0
Other liabilities	33.7	31.8
Total liabilities	35,425.4	34,297.4
Total CBI stockholders’ equity	7,389.7	6,891.2
Noncontrolling interests	0	0
Total stockholders’ equity	7,389.7	6,891.2
Total liabilities and stockholders’ equity	42,815.1	41,188.6
Subsidiary Guarantors [Member]
Current assets:
Cash and cash equivalents	6.9	5.8	6.9	4.2
Accounts receivable	10.1	18.5
Inventories	1,578.4	1,628.5
Intercompany receivable	29,965.6	28,384.7
Prepaid expenses and other	66.8	74.8
Total current assets	31,627.8	30,112.3
Property, plant and equipment	942.8	951.1
Investments in subsidiaries	126.2	125
Goodwill	6,587.8	6,589.9
Intangible assets	866.9	955.1
Intercompany notes receivable	0	188.3
Other assets	77.2	77.2
Total assets	40,228.7	38,998.9
Current liabilities:
Notes payable to banks	0	0
Current maturities of long-term debt	15.1	16.3
Accounts payable	157.7	146.2
Intercompany payable	23,973	22,786.3
Other accrued expenses and liabilities	219.4	164.8
Total current liabilities	24,365.2	23,113.6
Long-term debt, less current maturities	19.3	23
Deferred income taxes	814.1	823.2
Intercompany notes payable	5,201.3	5,334
Other liabilities	21.2	18.9
Total liabilities	30,421.1	29,312.7
Total CBI stockholders’ equity	9,807.6	9,686.2
Noncontrolling interests	0	0
Total stockholders’ equity	9,807.6	9,686.2
Total liabilities and stockholders’ equity	40,228.7	38,998.9
Subsidiary Nonguarantors [Member]
Current assets:
Cash and cash equivalents	159.6	162	$ 139.2	$ 72.9
Accounts receivable	820.2	716.1
Inventories	371.2	330.9
Intercompany receivable	13,180.2	12,410.6
Prepaid expenses and other	247.7	169
Total current assets	14,778.9	13,788.6
Property, plant and equipment	3,174	2,912.2
Investments in subsidiaries	0	0
Goodwill	1,384.5	1,330.6
Intangible assets	2,422.8	2,422.6
Intercompany notes receivable	101.1	100.6
Other assets	55	46.3
Total assets	21,916.3	20,600.9
Current liabilities:
Notes payable to banks	503.1	375.5
Current maturities of long-term debt	126.6	126.7
Accounts payable	365.4	366
Intercompany payable	12,977.9	12,261.4
Other accrued expenses and liabilities	109.1	153.8
Total current liabilities	14,082.1	13,283.4
Long-term debt, less current maturities	2,419.8	2,437.5
Deferred income taxes	307.8	297.1
Intercompany notes payable	29.7	29.4
Other liabilities	111.6	115
Total liabilities	16,951	16,162.4
Total CBI stockholders’ equity	4,957.2	4,444.9
Noncontrolling interests	8.1	(6.4)
Total stockholders’ equity	4,965.3	4,438.5
Total liabilities and stockholders’ equity	$ 21,916.3	$ 20,600.9

Condensed Consolidating Finan58

Condensed Consolidating Financial Information (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Condensed Consolidating Statement of Comprehensive Income
Sales	$ 2,115.3	$ 2,053
Less – excise taxes	(179.8)	(181.2)
Net sales	1,935.5	1,871.8
Cost of product sold	(940.2)	(990.5)
Gross profit	995.3	881.3
Selling, general and administrative expenses	(427.2)	(328.6)
Operating income	568.1	552.7
Equity in earnings of equity method investees and subsidiaries	0.4	0.7
Interest income	0.1	0.4
Intercompany interest income	0	0
Interest expense	(82.5)	(85)
Intercompany interest expense	0	0
Loss on write-off of debt issuance costs	(6.7)	0
Income before income taxes	479.4	468.8
(Provision for) benefit from income taxes	(74.1)	(149.7)
Net income	405.3	319.1
Net income attributable to noncontrolling interests	(2.5)	(0.8)
Net income attributable to CBI	402.8	318.3
Comprehensive income attributable to CBI	590.3	314.3
Eliminations [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	(1,246.2)	(1,223.6)
Less – excise taxes	0	0
Net sales	(1,246.2)	(1,223.6)
Cost of product sold	1,221.9	1,177.2
Gross profit	(24.3)	(46.4)
Selling, general and administrative expenses	8.9	11
Operating income	(15.4)	(35.4)
Equity in earnings of equity method investees and subsidiaries	(434.7)	(370.5)
Interest income	0	0
Intercompany interest income	(152)	(130.7)
Interest expense	0	0
Intercompany interest expense	152	130.7
Loss on write-off of debt issuance costs	0
Income before income taxes	(450.1)	(405.9)
(Provision for) benefit from income taxes	(16.2)	11.4
Net income	(466.3)	(394.5)
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	(466.3)	(394.5)
Comprehensive income attributable to CBI	(655.5)	(390.2)
Parent Company [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	698.8	623.7
Less – excise taxes	(83.7)	(78)
Net sales	615.1	545.7
Cost of product sold	(477.2)	(451.4)
Gross profit	137.9	94.3
Selling, general and administrative expenses	(104.9)	(91.3)
Operating income	33	3
Equity in earnings of equity method investees and subsidiaries	433.5	368.9
Interest income	0	0.1
Intercompany interest income	57.9	57.4
Interest expense	(65.2)	(74.3)
Intercompany interest expense	(93.3)	(73.1)
Loss on write-off of debt issuance costs	(6.7)
Income before income taxes	359.2	282
(Provision for) benefit from income taxes	43.6	36.3
Net income	402.8	318.3
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	402.8	318.3
Comprehensive income attributable to CBI	590.3	314.3
Subsidiary Guarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	1,794.2	1,686.8
Less – excise taxes	(93.4)	(86.9)
Net sales	1,700.8	1,599.9
Cost of product sold	(1,232)	(1,151.5)
Gross profit	468.8	448.4
Selling, general and administrative expenses	(303.3)	(193.1)
Operating income	165.5	255.3
Equity in earnings of equity method investees and subsidiaries	1.1	2.3
Interest income	0	0
Intercompany interest income	93.3	73.3
Interest expense	(0.3)	(0.4)
Intercompany interest expense	(58.1)	(57.4)
Loss on write-off of debt issuance costs	0
Income before income taxes	201.5	273.1
(Provision for) benefit from income taxes	(65.5)	(105.9)
Net income	136	167.2
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	136	167.2
Comprehensive income attributable to CBI	135.3	168.7
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	868.5	966.1
Less – excise taxes	(2.7)	(16.3)
Net sales	865.8	949.8
Cost of product sold	(452.9)	(564.8)
Gross profit	412.9	385
Selling, general and administrative expenses	(27.9)	(55.2)
Operating income	385	329.8
Equity in earnings of equity method investees and subsidiaries	0.5	0
Interest income	0.1	0.3
Intercompany interest income	0.8	0
Interest expense	(17)	(10.3)
Intercompany interest expense	(0.6)	(0.2)
Loss on write-off of debt issuance costs	0
Income before income taxes	368.8	319.6
(Provision for) benefit from income taxes	(36)	(91.5)
Net income	332.8	228.1
Net income attributable to noncontrolling interests	(2.5)	(0.8)
Net income attributable to CBI	330.3	227.3
Comprehensive income attributable to CBI	$ 520.2	$ 221.5

Condensed Consolidating Finan59

Condensed Consolidating Financial Information (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 381.6	$ 345.9
Cash flows from investing activities:
Purchases of property, plant and equipment	(217.1)	(169.4)
Payments related to sale of business	(5)	0
Net proceeds from (repayments of) intercompany notes	0	0
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	0.8	0.4
Purchase of business	0	(284.9)
Net cash used in investing activities	(221.3)	(453.9)
Cash flows from financing activities:
Dividends paid to parent company	0	0
Net contributions from equity affiliates	0	0
Net proceeds from (repayments of) intercompany notes	0	0
Principal payments of long-term debt	(1,913.4)	(94.2)
Dividends paid	(100.5)	(79.3)
Payments of minimum tax withholdings on stock-based payment awards	(22.3)	(45.5)
Payments of debt issuance costs	(11.8)	(3.2)
Proceeds from issuance of long-term debt	1,508.5	709.5
Net proceeds from (repayments of) notes payable	381.3	(379.1)
Proceeds from shares issued under equity compensation plans	16.6	15.9
Excess tax benefits from stock-based payment awards	0	68.8
Purchases of treasury stock	0	(1)
Net cash provided by (used in) financing activities	(141.6)	191.9
Effect of exchange rate changes on cash and cash equivalents	3	0.3
Net increase in cash and cash equivalents	21.7	84.2
Cash and cash equivalents, beginning of period	177.4	83.1
Cash and cash equivalents, end of period	199.1	167.3
Eliminations [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Purchases of property, plant and equipment	0	0
Payments related to sale of business	0
Net proceeds from (repayments of) intercompany notes	(420.2)	377.3
Net returns of capital from (investments in) equity affiliates	5.8	(354.8)
Other investing activities	0	0
Purchase of business		0
Net cash used in investing activities	(414.4)	22.5
Cash flows from financing activities:
Dividends paid to parent company	8	357
Net contributions from equity affiliates	(13.8)	(2.2)
Net proceeds from (repayments of) intercompany notes	420.2	(377.3)
Principal payments of long-term debt	0	0
Dividends paid	0	0
Payments of minimum tax withholdings on stock-based payment awards	0	0
Payments of debt issuance costs	0	0
Proceeds from issuance of long-term debt	0	0
Net proceeds from (repayments of) notes payable	0	0
Proceeds from shares issued under equity compensation plans	0	0
Excess tax benefits from stock-based payment awards		0
Purchases of treasury stock		0
Net cash provided by (used in) financing activities	414.4	(22.5)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Parent Company [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(161)	(221.8)
Cash flows from investing activities:
Purchases of property, plant and equipment	(4.8)	(4.1)
Payments related to sale of business	0
Net proceeds from (repayments of) intercompany notes	419.3	(377.2)
Net returns of capital from (investments in) equity affiliates	(5.8)	354.8
Other investing activities	0	0.1
Purchase of business		0
Net cash used in investing activities	408.7	(26.4)
Cash flows from financing activities:
Dividends paid to parent company	0	0
Net contributions from equity affiliates	0	0
Net proceeds from (repayments of) intercompany notes	(1.7)	275.5
Principal payments of long-term debt	(1,876.8)	(16.5)
Dividends paid	(100.5)	(79.3)
Payments of minimum tax withholdings on stock-based payment awards	0	0
Payments of debt issuance costs	(11.8)	0
Proceeds from issuance of long-term debt	1,495.5	0
Net proceeds from (repayments of) notes payable	254	0
Proceeds from shares issued under equity compensation plans	16.6	15.9
Excess tax benefits from stock-based payment awards		68.8
Purchases of treasury stock		(1)
Net cash provided by (used in) financing activities	(224.7)	263.4
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	23	15.2
Cash and cash equivalents, beginning of period	9.6	6
Cash and cash equivalents, end of period	32.6	21.2
Subsidiaries Guarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	451.6	1
Cash flows from investing activities:
Purchases of property, plant and equipment	(25.6)	(27.5)
Payments related to sale of business	0
Net proceeds from (repayments of) intercompany notes	0.9	(0.1)
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	0	0
Purchase of business		(284.9)
Net cash used in investing activities	(24.7)	(312.5)
Cash flows from financing activities:
Dividends paid to parent company	0	0
Net contributions from equity affiliates	13.6	0.1
Net proceeds from (repayments of) intercompany notes	(413.1)	362.6
Principal payments of long-term debt	(4.9)	(6)
Dividends paid	0	0
Payments of minimum tax withholdings on stock-based payment awards	(21.4)	(42.5)
Payments of debt issuance costs	0	0
Proceeds from issuance of long-term debt	0	0
Net proceeds from (repayments of) notes payable	0	0
Proceeds from shares issued under equity compensation plans	0	0
Excess tax benefits from stock-based payment awards		0
Purchases of treasury stock		0
Net cash provided by (used in) financing activities	(425.8)	314.2
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	1.1	2.7
Cash and cash equivalents, beginning of period	5.8	4.2
Cash and cash equivalents, end of period	6.9	6.9
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	91	566.7
Cash flows from investing activities:
Purchases of property, plant and equipment	(186.7)	(137.8)
Payments related to sale of business	(5)
Net proceeds from (repayments of) intercompany notes	0	0
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	0.8	0.3
Purchase of business		0
Net cash used in investing activities	(190.9)	(137.5)
Cash flows from financing activities:
Dividends paid to parent company	(8)	(357)
Net contributions from equity affiliates	0.2	2.1
Net proceeds from (repayments of) intercompany notes	(5.4)	(260.8)
Principal payments of long-term debt	(31.7)	(71.7)
Dividends paid	0	0
Payments of minimum tax withholdings on stock-based payment awards	(0.9)	(3)
Payments of debt issuance costs	0	(3.2)
Proceeds from issuance of long-term debt	13	709.5
Net proceeds from (repayments of) notes payable	127.3	(379.1)
Proceeds from shares issued under equity compensation plans	0	0
Excess tax benefits from stock-based payment awards		0
Purchases of treasury stock		0
Net cash provided by (used in) financing activities	94.5	(363.2)
Effect of exchange rate changes on cash and cash equivalents	3	0.3
Net increase in cash and cash equivalents	(2.4)	66.3
Cash and cash equivalents, beginning of period	162	72.9
Cash and cash equivalents, end of period	$ 159.6	$ 139.2

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	May 31, 2017	May 31, 2017	May 31, 2016	Feb. 28, 2017
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts		$ 1.6	$ 2.6
Total cost of product sold		(940.2)	(990.5)
Selling, general and administrative expenses
Costs associated with the Canadian Divestiture and related activities	$ (15.2)	(3.2)		$ (12)
Total selling, general and administrative expenses		(427.2)	(328.6)
Comparable Adjustments [Member]
Cost of product sold
Flow through of inventory step-up		(7)	(8.1)
Amortization of favorable interim supply agreement		0	(2.2)
Total cost of product sold		(7.7)	11.1
Selling, general and administrative expenses
Impairment of intangible assets		(86.8)	0
Costs associated with the Canadian Divestiture and related activities		(3.2)	(3.7)
Transaction, integration and other acquisition-related costs		(1.6)	(2.3)
Other losses		(1.4)	(1.1)
Total selling, general and administrative expenses		(93)	(7.1)
Comparable Adjustments, Operating income (loss)		(100.7)	4
Comparable Adjustments [Member] | Commodity derivative contracts [Member]
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts		(3.1)	13.1
Settlements of undesignated commodity derivative contracts		$ 2.4	$ 8.3

Business Segment Information 61

Business Segment Information (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2016	Feb. 28, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,935.5	$ 1,871.8
Segment operating income (loss)	568.1	552.7
Long-lived tangible assets	4,186.9	3,507.2	$ 3,932.8
Total assets	18,959.4	17,630	$ 18,602.4
Capital expenditures	217.1	169.4
Depreciation and amortization	71.5	60
Equity in earnings of equity method investees	0.4	0.7
Investments in equity method investees	98.6	82.4
Operating Segments [Member] | Beer [Member]
Segment Reporting Information [Line Items]
Net sales	1,242.3	1,151
Segment operating income (loss)	500.6	409.3
Long-lived tangible assets	3,081.1	2,362.3
Total assets	11,679.1	10,276.3
Capital expenditures	191.2	145
Depreciation and amortization	39.8	25.9
Operating Segments [Member] | Wine and Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	693.2	720.8
Segment operating income (loss)	205.6	168
Long-lived tangible assets	982.2	1,035.3
Total assets	6,888.3	6,984.8
Capital expenditures	21.6	12.5
Depreciation and amortization	22.6	24.9
Equity in earnings of equity method investees	0.2	0.8
Investments in equity method investees	77.3	76.5
Operating Segments [Member] | Wine and Spirits [Member] | Wine [Member]
Segment Reporting Information [Line Items]
Net sales	605	643.1
Operating Segments [Member] | Wine and Spirits [Member] | Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	88.2	77.7
Operating Segments [Member] | Corporate Operations and Other [Member]
Segment Reporting Information [Line Items]
Segment operating income (loss)	(37.4)	(28.6)
Long-lived tangible assets	123.6	109.6
Total assets	392	368.9
Capital expenditures	4.3	11.9
Depreciation and amortization	9.1	7
Equity in earnings of equity method investees	0.2	(0.1)
Investments in equity method investees	21.3	5.9
Comparable Adjustments [Member]
Segment Reporting Information [Line Items]
Segment operating income (loss)	(100.7)	4
Depreciation and amortization	$ 0	$ 2.2

Business Segment Information 62

Business Segment Information (Details Textual)	3 Months Ended
	May 31, 2017divisionsegment
Segment Reporting [Abstract]
Number of business divisions | division	2
Number of reportable operating segments | segment	3