Constellation Brands (STZ) 10-Q 29 Jun 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 31, 2018	Jun. 25, 2018
Entity Registrant Name	CONSTELLATION BRANDS, INC.
Entity Central Index Key	16,918
Document Type	10-Q
Document Period End Date	May 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
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		167,864,014
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		23,324,443
Class 1 Common Stock [Member]
Entity Common Stock, Shares Outstanding		7,088

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018
Current assets:
Cash and cash equivalents	$ 210	$ 90.3
Accounts receivable	827.9	776.2
Inventories	2,068.4	2,084
Prepaid expenses and other	498.5	523.5
Total current assets	3,604.8	3,474
Property, plant and equipment	4,815.8	4,789.7
Goodwill	8,050.5	8,083.1
Intangible assets	3,301.6	3,304.8
Other assets	3,324	887.1
Total assets	23,096.7	20,538.7
Current liabilities:
Short-term borrowings	669.7	746.8
Current maturities of long-term debt	20.9	22.3
Accounts payable	650.3	592.2
Other accrued expenses and liabilities	649.6	678.3
Total current liabilities	1,990.5	2,039.6
Long-term debt, less current maturities	9,416.4	9,417.6
Other liabilities	1,124	1,089.8
Total liabilities	12,530.9	12,547
Commitments and contingencies
CBI stockholders’ equity:
Additional paid-in capital	2,834.8	2,825.3
Retained earnings	12,002.4	9,157.2
Accumulated other comprehensive loss	(378.6)	(202.9)
Total stockholders’ equity before treasury stock adjustments	14,461.5	11,782.5
Less: Treasury stock –	(3,905.1)	(3,807.4)
Total CBI stockholders’ equity	10,556.4	7,975.1
Noncontrolling interests	9.4	16.6
Total stockholders’ equity	10,565.8	7,991.7
Total liabilities and stockholders’ equity	23,096.7	20,538.7
Class A Common Stock [Member]
CBI stockholders’ equity:
Common stock, value	2.6	2.6
Less: Treasury stock –	(3,902.9)	(3,805.2)
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, 2018	Feb. 28, 2018
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	258,940,446	258,718,356
Treasury stock, shares at cost	91,111,003	90,743,239
Class B Convertible Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	28,330,243	28,335,387
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, 2018	May 31, 2017
Sales	$ 2,230	$ 2,108.3
Excise taxes	(182.9)	(179.8)
Net sales	2,047.1	1,928.5
Cost of product sold	(998.5)	(940.2)
Gross profit	1,048.6	988.3
Selling, general and administrative expenses	(423.2)	(427.2)
Operating income	625.4	561.1
Income from unconsolidated investments	364.4	0.4
Interest expense	(87.8)	(82.4)
Loss on extinguishment of debt	0	(6.7)
Income before income taxes	902	472.4
Provision for income taxes	(155.7)	(71.4)
Net income	746.3	401
Net income attributable to noncontrolling interests	(2.5)	(2.5)
Net income attributable to CBI	743.8	398.5
Comprehensive income	560.9	600.5
Comprehensive (income) loss attributable to noncontrolling interests	7.2	(14.5)
Comprehensive income attributable to CBI	568.1	586
Class A Common Stock [Member]
Net income attributable to CBI	$ 660.6	$ 354.7
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 3.93	$ 2.07
Net income per common share attributable to CBI, diluted	$ 3.77	$ 1.98
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	168,063	171,555
Weighted average common shares outstanding, diluted	197,060	201,030
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.74	$ 0.52
Class B Convertible Common Stock [Member]
Net income attributable to CBI	$ 83.2	$ 43.8
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 3.57	$ 1.88
Net income per common share attributable to CBI, diluted	$ 3.48	$ 1.83
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	23,326	23,344
Weighted average common shares outstanding, diluted	23,326	23,344
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.67	$ 0.47

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Cash flows from operating activities:
Net income	$ 746.3	$ 401
Adjustments to reconcile net income to net cash provided by operating activities:
Unrealized gain on equity securities	(258.3)	0
Gain on sale of unconsolidated investment	(101.4)	0
Deferred tax provision (benefit)	116.2	(11.2)
Depreciation	84.2	70.1
Stock-based compensation	17.3	15.1
Loss on extinguishment of debt and amortization of debt issuance costs	3	9.8
Impairment and amortization of intangible assets	1.5	88.2
Change in operating assets and liabilities:
Accounts receivable	(49.3)	(96.8)
Inventories	10.6	18.4
Prepaid expenses and other current assets	(54.1)	(36)
Accounts payable	14.9	(13.6)
Deferred revenue	47.3	42.4
Other accrued expenses and liabilities	(77.7)	(123.7)
Other	3.5	17.9
Total adjustments	(242.3)	(19.4)
Net cash provided by operating activities	504	381.6
Cash flows from investing activities:
Purchases of property, plant and equipment	(168.2)	(217.1)
Proceeds from sale of unconsolidated investment	110.2	0
Other investing activities	4.5	(4.2)
Net cash used in investing activities	(53.5)	(221.3)
Cash flows from financing activities:
Dividends paid	(140.5)	(100.5)
Purchases of treasury stock	(100)	0
Net proceeds from (repayments of) short-term borrowings	(77.5)	381.3
Payments of minimum tax withholdings on stock-based payment awards	(12.9)	(22.3)
Principal payments of long-term debt	(5.9)	(1,913.4)
Proceeds from shares issued under equity compensation plans	7.6	16.6
Payments of debt issuance costs	0	(11.8)
Proceeds from issuance of long-term debt	0	1,508.5
Net cash used in financing activities	(329.2)	(141.6)
Effect of exchange rate changes on cash and cash equivalents	(1.6)	3
Net increase in cash and cash equivalents	119.7	21.7
Cash and cash equivalents, beginning of period	90.3	177.4
Cash and cash equivalents, end of period	210	199.1
Supplemental disclosures of noncash investing and financing activities:
Additions to property, plant and equipment	$ 138.5	$ 174

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: 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, 2018 (the “2018 Annual Report”), and include the recently adopted accounting guidance described below and in Note 2 herein. Results of operations for interim periods are not necessarily indicative of annual results. During the three months ended May 31, 2018, we recorded an immaterial adjustment in selling, general and administrative expenses of $16.3 million related to prior periods. This adjustment was to correct for previously unrecognized deferred compensation costs associated with certain employment agreements. Summary of significant accounting policies – Revenue recognition: Effective March 1, 2018, we adopted the FASB amended guidance regarding the recognition of revenue from contracts with customers using the retrospective application method (see Note 2 for impacts of adoption). Our revenue (referred to in our financial statements as “sales”) consists primarily of the sale of beer, wine and spirits domestically in the U.S. Sales of products are for cash or otherwise agreed-upon credit terms. Our payment terms vary by location and customer, however, the time period between when revenue is recognized and when payment is due is not significant. Our customers consist primarily of wholesale distributors. Our revenue generating activities have a single performance obligation and are recognized at the point in time when control transfers and our obligation has been fulfilled, which is when the related goods are shipped or delivered to the customer, depending upon the method of distribution and shipping terms. Revenue is measured as the amount of consideration we expect to receive in exchange for the sale of our product. Our sales terms do not allow for a right of return except for matters related to any manufacturing defects on our part. Amounts billed to customers for shipping and handling are included in sales. As noted, the majority of our revenues are generated from the domestic sale of beer, wine and spirits to wholesale distributors in the U.S. Our other revenue generating activities include the export of certain of our products to select international markets, as well as the sale of our products through state alcohol beverage control agencies and on-premise, retail locations in certain markets. We have evaluated these other revenue generating activities under the disaggregation disclosure criteria outlined within the amended guidance and concluded that these other revenue generating activities are immaterial for separate disclosure. See Note 15 for disclosure of net sales by product type. Sales reflect reductions attributable to consideration given to customers in various customer incentive programs, including pricing discounts on single transactions, volume discounts, promotional and advertising allowances, coupons and rebates. This variable consideration is recorded as a reduction of the transaction price based upon expected amounts at the time revenue for the corresponding product sale is recognized. For example, customer promotional discount programs are entered into with certain distributors for certain periods of time. The amount ultimately reimbursed to distributors is determined based upon agreed-upon promotional discounts which are applied to distributors’ sales to retailers. Other common forms of variable consideration include volume rebates for meeting established sales targets, and coupons and mail-in rebates offered to the end consumer. The determination of the reduction of the transaction price for variable consideration requires that we make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. We estimate this variable consideration by taking into account factors such as the nature of the promotional activity, historical information and current trends, availability of actual results, and expectations of customer and consumer behavior. Excise taxes remitted to tax authorities are government-imposed excise taxes on our beverage alcohol products. Excise taxes are shown on a separate line item as a reduction of sales. Excise taxes are recognized as a current liability within other accrued expenses and liabilities, with the liability subsequently reduced when the taxes are remitted to the tax authority.

Accounting Guidance

Accounting Guidance	3 Months Ended
	May 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
ACCOUNTING GUIDANCE	ACCOUNTING GUIDANCE: Recently adopted accounting guidance – 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. Additionally, this guidance requires improved disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. We adopted this guidance on March 1, 2018, using the retrospective application method to allow for comparable reporting in all periods throughout the year ending February 28, 2019. Based on our analysis, we concluded that the adoption of the amended guidance did not have a material impact on our net sales recognition. However, the broad definition of variable consideration under this guidance requires us to estimate and record certain variable payments resulting from various sales incentives earlier than we have historically recorded them. This change in the timing of when we recognize sales incentive expenses resulted in a shift in net sales recognition primarily between our fiscal quarters. Under the retrospective application method, we recognized the cumulative impact of adopting this guidance in the first quarter of fiscal 2019 with a reduction to our March 1, 2016, opening retained earnings of $49.0 million , net of income tax effect, with an offsetting increase to current accrued promotion expense and the recognition of a deferred tax asset to align the timing of when we recognize sales incentive expense and when we recognize revenue. The effects of the retrospective application method on our consolidated financial statements for the periods presented in this report were as follows: As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Balance Sheet at February 28, 2018 Other accrued expenses and liabilities $ 583.4 $ 94.9 $ 678.3 Total current liabilities $ 1,944.7 $ 94.9 $ 2,039.6 Other liabilities (including deferred income taxes – as previously reported, $718.3 million; as adjusted, $694.4 million) $ 1,113.7 $ (23.9 ) $ 1,089.8 Total liabilities $ 12,476.0 $ 71.0 $ 12,547.0 Retained earnings $ 9,228.2 $ (71.0 ) $ 9,157.2 Total stockholders’ equity $ 8,062.7 $ (71.0 ) $ 7,991.7 As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 2,115.3 $ (7.0 ) $ 2,108.3 Net sales $ 1,935.5 $ (7.0 ) $ 1,928.5 Gross profit $ 995.3 $ (7.0 ) $ 988.3 Operating income $ 568.1 $ (7.0 ) $ 561.1 Income before income taxes $ 479.4 $ (7.0 ) $ 472.4 Provision for income taxes $ (74.1 ) $ 2.7 $ (71.4 ) Net income $ 405.3 $ (4.3 ) $ 401.0 Net income attributable to CBI $ 402.8 $ (4.3 ) $ 398.5 Comprehensive income attributable to CBI $ 590.3 $ (4.3 ) $ 586.0 Net income per common share attributable to CBI: Basic – Class A Common Stock $ 2.09 $ (0.02 ) $ 2.07 Basic – Class B Convertible Common Stock $ 1.90 $ (0.02 ) $ 1.88 Diluted – Class A Common Stock $ 2.00 $ (0.02 ) $ 1.98 Diluted – Class B Convertible Common Stock $ 1.85 $ (0.02 ) $ 1.83 The adoption of the revenue recognition guidance had no impact to cash flows from operating, financing or investing activities in our consolidated statement of cash flows for the three months ended May 31, 2017. Income taxes: In October 2016, the FASB issued guidance that simplifies the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Under this guidance, an entity is required to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Prior guidance prohibited the recognition in earnings of current and deferred income taxes for an intra-entity asset transfer until the asset had been sold to an outside party or recovered through use. We adopted this guidance on March 1, 2018, using the modified retrospective basis, which requires a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Based on our assessment of intra-entity asset transfers that are in scope and the related deferred income taxes, in the first quarter of fiscal 2019, we recognized a net increase in our March 1, 2018, opening retained earnings and deferred tax assets of $2.2 billion , primarily in connection with the intra-entity transfer of certain intellectual property related to our imported beer business for the year ended February 28, 2018. Accounting guidance not yet adopted – 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

Inventories	3 Months Ended
	May 31, 2018
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 $ 162.4 $ 160.8 In-process inventories 1,318.4 1,382.8 Finished case goods 587.6 540.4 $ 2,068.4 $ 2,084.0 Related party transactions and arrangements – We have an equally-owned glass production plant joint venture with Owens-Illinois. We have entered into various contractual arrangements with affiliates of Owens-Illinois primarily for the purchase of glass bottles used largely in our imported and craft beer portfolios. Amounts purchased under these arrangements for the three months ended May 31, 2018 , and May 31, 2017 , were $69.0 million and $97.2 million , respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
	May 31, 2018
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 2018 Annual Report and have not changed significantly for the three months ended May 31, 2018 . 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 $ 1,644.2 $ 1,465.4 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 428.9 $ 440.6 Commodity derivative contracts $ 215.1 $ 177.5 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, 2018 , the estimated fair value of derivative instruments in a net liability position due to counterparties was $42.5 million . If we were required to settle the net liability position under these derivative instruments on May 31, 2018 , 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 $ 8.2 $ 21.2 Other accrued expenses and liabilities $ 26.9 $ 7.8 Other assets $ 4.1 $ 17.0 Other liabilities $ 34.7 $ 9.9 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.1 $ 2.1 Other accrued expenses and liabilities $ 3.1 $ 2.2 Commodity derivative contracts: Prepaid expenses and other $ 14.1 $ 6.3 Other accrued expenses and liabilities $ 0.7 $ 3.0 Other assets $ 6.1 $ 2.8 Other liabilities $ 2.1 $ 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 Location of Net Gain (Loss) Reclassified from AOCI to Income Net Gain (Loss) Reclassified from AOCI to Income (in millions) For the Three Months Ended May 31, 2018 Foreign currency contracts $ (41.9 ) Sales $ 0.1 Cost of product sold 4.1 $ (41.9 ) $ 4.2 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 ) We expect $13.0 million of net losses, 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, 2018 Commodity derivative contracts Cost of product sold $ 15.4 Foreign currency contracts Selling, general and administrative expenses (1.9 ) $ 13.5 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

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	May 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS: Authoritative guidance establishes a framework for measuring fair value, including 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 following methods and assumptions are used to estimate the fair value for each class of our financial instruments: Foreign currency and commodity derivative contracts: The fair value is estimated using market-based inputs, obtained from independent pricing services, into valuation models. These valuation models require various inputs, including contractual terms, market foreign exchange prices, market commodity prices, interest-rate yield curves and currency volatilities, as applicable (Level 2 fair value measurement). Equity securities: In November 2017, we acquired (i) a 9.9% investment in Ontario, Canada-based Canopy Growth Corporation, a public company and leading provider of medicinal cannabis products (the “Canopy Investment”), and (ii) warrants which give us the option to purchase an additional ownership interest in Canopy Growth Corporation (the “Canopy Warrants”) for C$245.0 million , or $191.3 million . The Canopy Warrants expire in May 2020 . For the three months ended May 31, 2018 , we recognized an unrealized gain of $258.3 million from the changes in fair value of the Canopy Investment and the Canopy Warrants, which is included in income from unconsolidated investments. The fair value of the Canopy Investment is calculated by using the closing market price of the underlying equity security (Level 1 fair value measurement). The fair value of the Canopy Warrants is estimated using the Black-Scholes option-pricing model (Level 2 fair value measurement). The assumptions used to estimate the fair value of the Canopy Warrants as of May 31, 2018 , are as follows: Expected life (1) 1.9 years Expected volatility (2) 77.9 % Risk-free interest rate (3) 1.9 % Expected dividend yield (4) 0.0 % (1) Based on the expiration date of the warrants. (2) Based on historical volatility levels of the underlying equity security. (3) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a remaining term equal to the expected life. (4) Based on historical dividend levels. Debt securities, Available-for-sale (“AFS”) : The fair value is estimated by discounting cash flows using market-based inputs (Level 3 fair value measurement) (see Note 8 ). Short-term borrowings: The revolving credit facility under our senior credit facility is a variable interest rate bearing note which includes a fixed margin which is adjustable based upon our debt ratio (as defined in our senior credit facility). Its fair value is estimated by discounting cash flows using LIBOR plus a margin reflecting current market conditions obtained from participating member financial institutions (Level 2 fair value measurement). The remaining instruments, including our commercial paper and accounts receivable securitization facilities, are variable interest rate bearing notes for which the carrying value approximates the fair value. Long-term debt: The term loan under our senior credit facility is a variable interest rate bearing note which includes a fixed margin which is adjustable based upon our debt ratio. The fair value of the term loan is estimated by discounting cash flows using LIBOR plus a margin reflecting current market conditions obtained from participating member financial institutions (Level 2 fair value measurement). The fair value of the remaining long-term debt, which is primarily fixed interest rate, is estimated by discounting cash flows using interest rates currently available for debt with similar terms and maturities (Level 2 fair value measurement). The carrying amounts of certain of our financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings, approximate fair value as of May 31, 2018 , and February 28, 2018 , due to the relatively short maturity of these instruments. As of May 31, 2018 , the carrying amount of long-term debt, including the current portion, was $9,437.3 million , compared with an estimated fair value of $9,308.2 million . As of February 28, 2018 , the carrying amount of long-term debt, including the current portion, was $9,439.9 million , compared with an estimated fair value of $9,398.4 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, 2018 Assets: Foreign currency contracts $ — $ 13.4 $ — $ 13.4 Commodity derivative contracts $ — $ 20.2 $ — $ 20.2 Equity securities $ 535.2 $ 378.7 $ — $ 913.9 Liabilities: Foreign currency contracts $ — $ 64.7 $ — $ 64.7 Commodity derivative contracts $ — $ 2.8 $ — $ 2.8 February 28, 2018 Assets: Foreign currency contracts $ — $ 40.3 $ — $ 40.3 Commodity derivative contracts $ — $ 9.1 $ — $ 9.1 Equity securities $ 402.4 $ 253.2 $ — $ 655.6 Debt securities, AFS $ — $ — $ 16.6 $ 16.6 Liabilities: Foreign currency contracts $ — $ 19.9 $ — $ 19.9 Commodity derivative contracts $ — $ 5.6 $ — $ 5.6 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 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 then-recent negative craft beer industry trends, 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. 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. Subsequent event – In June 2018, we acquired convertible debt securities issued by Canopy Growth Corporation for C$200.0 million , or $153.0 million . We have elected the fair value option to account for these debt securities, which will be recognized in other assets with unrealized holding gains and losses recognized in income from unconsolidated investments. The convertible debt securities have a contractual maturity of five years from the date of issuance, but may be converted prior to maturity by either party upon the occurrence of certain events. At settlement, the convertible debt securities can be settled at the option of the issuer, in cash, equity shares of the issuer, or a combination thereof.

Goodwill

Goodwill	3 Months Ended
	May 31, 2018
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 28, 2017 $ 5,053.0 $ 2,867.5 $ 7,920.5 Purchase accounting allocations (1) 63.9 56.2 120.1 Foreign currency translation adjustments 40.7 1.8 42.5 Balance, February 28, 2018 5,157.6 2,925.5 8,083.1 Purchase accounting allocations — 0.5 0.5 Foreign currency translation adjustments (29.3 ) (3.8 ) (33.1 ) Balance, May 31, 2018 $ 5,128.3 $ 2,922.2 $ 8,050.5 (1) Purchase accounting allocations associated primarily with the acquisitions of a brewery operation business in Obregon, Sonora, Mexico (the “Obregon Brewery”) (Beer) ( $13.8 million ) and the Schrader Cellars, LLC business (Wine and Spirits), and preliminary purchase accounting allocations associated with the acquisition of the Funky Buddha Brewery LLC business (Beer).

Intangible Assets

Intangible Assets	3 Months Ended
	May 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS: The major components of intangible assets are as follows: May 31, 2018 February 28, 2018 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.8 $ 42.9 $ 89.8 $ 44.2 Other 20.3 1.2 20.3 1.4 Total $ 110.1 44.1 $ 110.1 45.6 Nonamortizable intangible assets Trademarks 3,257.5 3,259.2 Total intangible assets $ 3,301.6 $ 3,304.8 We did not incur costs to renew or extend the term of acquired intangible assets for the three months ended May 31, 2018 , and May 31, 2017 . Net carrying amount represents the gross carrying value net of accumulated amortization.

Other Assets

Other Assets	3 Months Ended
	May 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS: The major components of other assets are as follows: May 31, February 28, (in millions ) Deferred income taxes (see Note 2) $ 2,194.4 $ — Investments in equity securities 913.9 655.6 Investments in equity method investees 127.2 121.5 Other 88.5 110.0 $ 3,324.0 $ 887.1 Sale of Accolade Wine Investment – In May 2018, we completed the sale of our remaining interest in our previously-owned Australian and European business ( the “ Accolade Wine Investment”) for A$149.1 million , or $113.6 million , subject to closing adjustments. We received cash proceeds, net of direct costs to sell, of $110.2 million and a note receivable of $3.4 million . This interest consisted of an investment accounted for under the cost method and AFS debt securities. We have recognized a net gain of $101.4 million in connection with this transaction for the three months ended May 31, 2018. This net gain is included in income from unconsolidated investments.

Borrowings

Borrowings	3 Months Ended
	May 31, 2018
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS: Borrowings consist of the following: May 31, 2018 February 28, Current Long-term Total Total (in millions) Short-term borrowings Senior credit facility, Revolving credit loans $ 138.0 $ 79.0 Commercial paper 239.7 266.9 Other 292.0 400.9 $ 669.7 $ 746.8 Long-term debt Senior credit facility, Term loans $ 5.0 $ 491.4 $ 496.4 $ 497.7 Senior notes — 8,677.5 8,677.5 8,674.2 Other 15.9 247.5 263.4 268.0 $ 20.9 $ 9,416.4 $ 9,437.3 $ 9,439.9 Senior credit facility – The Company, CIH International S.à r.l., a wholly-owned indirect subsidiary of ours (“CIH”), CB International Finance S.à r.l., a wholly-owned indirect subsidiary of ours (“CB International”) (together with CIH, 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 “2017 Credit Agreement”). As of May 31, 2018 , the 2017 Credit Agreement provides for aggregate credit facilities of $2,000.0 million , consisting of the following: Amount Maturity (in millions) Revolving Credit Facility (1) (2) $ 1,500.0 July 14, 2022 U.S. Term A-1 Facility (1) (3) 500.0 July 14, 2024 $ 2,000.0 (1) Contractual interest rate varies based on our debt rating (as defined in the 2017 Credit Agreement) and is a function of LIBOR plus a margin, or the base rate plus a margin. (2) Consists of a $190.0 million U.S. Revolving Credit Facility and a $1,310.0 million European Revolving Credit Facility. We are the borrower under the $1,500.0 million Revolving Credit Facility (inclusive of the U.S. Revolving Credit Facility and the European Revolving Credit Facility). CIH and/or CB International are additional borrowers under the European Revolving Credit Facility. Includes two sub-facilities for letters of credit of up to $200.0 million in the aggregate. (3) We are the borrower under the U.S. Term A-1 loan facility. As of May 31, 2018 , information with respect to borrowings under the 2017 Credit Agreement is as follows: Revolving Credit Facility U.S. Term A-1 Facility (1) (in millions) Outstanding borrowings $ 138.0 $ 496.4 Interest rate 3.1 % 3.4 % LIBOR margin 1.13 % 1.50 % Outstanding letters of credit $ 10.9 Remaining borrowing capacity (2) $ 1,111.1 (1) Outstanding term loan facility borrowings are net of unamortized debt issuance costs. (2) Net of outstanding revolving credit facility borrowings and outstanding letters of credit under the 2017 Credit Agreement and outstanding borrowings under our commercial paper program of $240.0 million (excluding unamortized discount) (see “Commercial paper program”). Commercial paper program – We have a commercial paper program which provides for the issuance of up to an aggregate principal amount of $1.0 billion of commercial paper. Our commercial paper program is backed by unused commitments under our revolving credit facility under our 2017 Credit Agreement. Accordingly, outstanding borrowings under our commercial paper program reduce the amount available under our revolving credit facility under our 2017 Credit Agreement. As of May 31, 2018 , we had $239.7 million of outstanding borrowings, net of unamortized discount, under our commercial paper program with a weighted average annual interest rate of 2.4% and a weighted average remaining term of 23 days . Accounts receivable securitization facilities – In September 2017, 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 $230.0 million up to $330.0 million structured to account for the seasonality of our business, subject to further limitations based upon various pre-agreed formulas. Also, in September 2017, 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 $130.0 million up to $250.0 million structured to account for the seasonality of Crown Imports’ business. As of May 31, 2018 , our accounts receivable securitization facilities are as follows: Outstanding Borrowings Weighted Average Interest Rate Remaining Borrowing Capacity (in millions) CBI Facility $ 207.6 2.8 % $ 52.4 Crown Facility $ 68.7 2.8 % $ 181.3

Income Taxes

Income Taxes	3 Months Ended
	May 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES: Our effective tax rate for the three months ended May 31, 2018 , and May 31, 2017 , was 17.3% and 15.1% , respectively. For the three months ended May 31, 2018 , our effective tax rate was lower than the federal statutory rate of 21% primarily due to (i) lower effective tax rates applicable to our foreign businesses, (ii) the reversal of valuation allowances in connection with the sale of our Accolade Wine Investment and (iii) the recognition of a net income tax benefit from stock-based compensation award activity. For the three months ended May 31, 2017 , our effective tax rate was lower than the federal statutory rate primarily due to the change in our assertion regarding our ability and intent to indefinitely reinvest undistributed earnings of certain foreign subsidiaries. On December 22, 2017, the Tax Cuts and Jobs Act (the “TCJ Act”) was signed into law. The TCJ Act significantly changes U.S. corporate income taxes. Additionally, in December 2017, the SEC issued guidance related to the income tax accounting implications of the TCJ Act. This guidance provides a measurement period, which extends no longer than one year from the enactment date of the TCJ Act, during which a company may complete its accounting for the income tax implications of the TCJ Act. In accordance with this guidance, we recorded a provisional net income tax benefit for the year ended February 28, 2018. Refer to Note 13 of our consolidated financial statements included in our 2018 Annual Report for further information. We did not record any material adjustments to this provisional amount for the three months ended May 31, 2018. However, as we complete our analysis of the TCJ Act and incorporate additional guidance that may be issued by the U.S. Treasury Department, the IRS and other standard-setting bodies, we may adjust the recorded provisional amounts in subsequent reporting periods. Those adjustments may materially impact our provision for income taxes and effective tax rate in the period in which the adjustments are made. The TCJ Act also creates a new requirement that certain income earned by foreign subsidiaries (“GILTI”) be included in U.S. gross income. The FASB allows an accounting policy election of either recognizing deferred taxes for temporary differences expected to reverse as GILTI in future years or recognizing such taxes as a current period expense when incurred. We have elected to treat the tax effect of GILTI as a current-period expense when incurred.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	May 31, 2018
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY: In January 2018, our Board of Directors authorized the repurchase of up to $3.0 billion of our Class A Common Stock and Class B Convertible Common Stock (the “2018 Authorization”). The Board of Directors did not specify a date upon which this authorization would expire. Shares repurchased under the 2018 Authorization have become treasury shares. For the three months ended May 31, 2018 , we repurchased 450,508 shares of Class A Common Stock pursuant to the 2018 Authorization at an aggregate cost of $100.0 million through open market transactions. As of May 31, 2018 , total shares repurchased under the 2018 Authorization are as follows: Class A Common Shares Repurchase Authorization Dollar Value of Shares Repurchased Number of Shares Repurchased (in millions, except share data) 2018 Authorization $ 3,000.0 $ 591.6 2,730,375

Net Income Per Common Share Att

Net Income Per Common Share Attributable to CBI	3 Months Ended
	May 31, 2018
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, 2018 , and May 31, 2017 , 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, 2018 , and May 31, 2017 , 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, 2018 May 31, 2017 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 $ 660.6 $ 83.2 $ 354.7 $ 43.8 Conversion of Class B common shares into Class A common shares 83.2 — 43.8 — Effect of stock-based awards on allocated net income — (1.9 ) — (1.0 ) Net income attributable to CBI allocated – diluted $ 743.8 $ 81.3 $ 398.5 $ 42.8 Weighted average common shares outstanding – basic 168.063 23.326 171.555 23.344 Conversion of Class B common shares into Class A common shares 23.326 — 23.344 — Stock-based awards, primarily stock options 5.671 — 6.131 — Weighted average common shares outstanding – diluted 197.060 23.326 201.030 23.344 Net income per common share attributable to CBI – basic $ 3.93 $ 3.57 $ 2.07 $ 1.88 Net income per common share attributable to CBI – diluted $ 3.77 $ 3.48 $ 1.98 $ 1.83

Comprehensive Income Attributab

Comprehensive Income Attributable to CBI	3 Months Ended
	May 31, 2018
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, 2018 Net income attributable to CBI $ 743.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net losses $ (132.3 ) $ — (132.3 ) Reclassification adjustments — — — Net loss recognized in other comprehensive loss (132.3 ) — (132.3 ) Unrealized loss on cash flow hedges: Net derivative losses (58.2 ) 16.3 (41.9 ) Reclassification adjustments (5.8 ) 1.6 (4.2 ) Net loss recognized in other comprehensive loss (64.0 ) 17.9 (46.1 ) Unrealized loss on AFS debt securities: Net AFS debt securities losses (0.4 ) 0.1 (0.3 ) Reclassification adjustments 1.9 0.9 2.8 Net gain recognized in other comprehensive loss 1.5 1.0 2.5 Pension/postretirement adjustments: Net actuarial gains — — — Reclassification adjustments 0.3 (0.1 ) 0.2 Net gain recognized in other comprehensive loss 0.3 (0.1 ) 0.2 Other comprehensive loss attributable to CBI $ (194.5 ) $ 18.8 (175.7 ) Comprehensive income attributable to CBI $ 568.1 For the Three Months Ended May 31, 2017 Net income attributable to CBI $ 398.5 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 $ 586.0 Accumulated other comprehensive 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 Loss (in millions) Balance, February 28, 2018 $ (212.3 ) $ 14.5 $ (2.5 ) $ (2.6 ) $ (202.9 ) Other comprehensive income (loss): Other comprehensive loss before reclassification adjustments (132.3 ) (41.9 ) (0.3 ) — (174.5 ) Amounts reclassified from accumulated other comprehensive loss — (4.2 ) 2.8 0.2 (1.2 ) Other comprehensive income (loss) (132.3 ) (46.1 ) 2.5 0.2 (175.7 ) Balance, May 31, 2018 $ (344.6 ) $ (31.6 ) $ — $ (2.4 ) $ (378.6 )

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	May 31, 2018
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, 2018 , and February 28, 2018 , the condensed consolidating statements of comprehensive income for the three months ended May 31, 2018 , and May 31, 2017 , and the condensed consolidating statements of cash flows for the three months ended May 31, 2018 , and May 31, 2017 , 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 2018 Annual Report, and include the accounting policies and the recently adopted accounting guidance described in Note 1 and Note 2 herein. 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, 2018 Current assets: Cash and cash equivalents $ 5.3 $ 2.8 $ 201.9 $ — $ 210.0 Accounts receivable 0.7 20.4 806.8 — 827.9 Inventories 188.9 1,514.6 575.5 (210.6 ) 2,068.4 Intercompany receivable 27,854.8 37,920.3 19,261.5 (85,036.6 ) — Prepaid expenses and other 98.8 71.0 378.5 (49.8 ) 498.5 Total current assets 28,148.5 39,529.1 21,224.2 (85,297.0 ) 3,604.8 Property, plant and equipment 81.3 790.8 3,943.7 — 4,815.8 Investments in subsidiaries 23,892.2 447.7 6,017.9 (30,357.8 ) — Goodwill — 6,185.5 1,865.0 — 8,050.5 Intangible assets — 716.9 2,584.7 — 3,301.6 Intercompany notes receivable 6,082.7 2,271.0 — (8,353.7 ) — Other assets 37.3 3.3 3,304.3 (20.9 ) 3,324.0 Total assets $ 58,242.0 $ 49,944.3 $ 38,939.8 $ (124,029.4 ) $ 23,096.7 Current liabilities: Short-term borrowings $ 239.7 $ — $ 430.0 $ — $ 669.7 Current maturities of long-term debt 7.1 13.6 0.2 — 20.9 Accounts payable 55.2 106.0 489.1 — 650.3 Intercompany payable 37,872.8 29,665.1 17,498.7 (85,036.6 ) — Other accrued expenses and liabilities 312.5 285.8 138.7 (87.4 ) 649.6 Total current liabilities 38,487.3 30,070.5 18,556.7 (85,124.0 ) 1,990.5 Long-term debt, less current maturities 9,168.9 16.6 230.9 — 9,416.4 Intercompany notes payable — 4,886.6 3,467.1 (8,353.7 ) — Other liabilities 29.4 513.1 602.4 (20.9 ) 1,124.0 Total liabilities 47,685.6 35,486.8 22,857.1 (93,498.6 ) 12,530.9 Total CBI stockholders’ equity 10,556.4 14,457.5 16,073.3 (30,530.8 ) 10,556.4 Noncontrolling interests — — 9.4 — 9.4 Total stockholders’ equity 10,556.4 14,457.5 16,082.7 (30,530.8 ) 10,565.8 Total liabilities and stockholders’ equity $ 58,242.0 $ 49,944.3 $ 38,939.8 $ (124,029.4 ) $ 23,096.7 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2018 Current assets: Cash and cash equivalents $ 4.6 $ 4.4 $ 81.3 $ — $ 90.3 Accounts receivable 2.0 12.6 761.6 — 776.2 Inventories 184.3 1,537.5 546.6 (184.4 ) 2,084.0 Intercompany receivable 27,680.0 37,937.5 18,940.8 (84,558.3 ) — Prepaid expenses and other 138.4 77.7 311.0 (3.6 ) 523.5 Total current assets 28,009.3 39,569.7 20,641.3 (84,746.3 ) 3,474.0 Property, plant and equipment 76.2 775.7 3,937.8 — 4,789.7 Investments in subsidiaries 20,948.7 442.0 5,876.9 (27,267.6 ) — Goodwill — 6,185.5 1,897.6 — 8,083.1 Intangible assets — 718.2 2,586.6 — 3,304.8 Intercompany notes receivable 6,236.4 2,435.4 — (8,671.8 ) — Other assets 33.1 4.7 866.7 (17.4 ) 887.1 Total assets $ 55,303.7 $ 50,131.2 $ 35,806.9 $ (120,703.1 ) $ 20,538.7 Current liabilities: Short-term borrowings $ 266.9 $ — $ 479.9 $ — $ 746.8 Current maturities of long-term debt 7.1 15.0 0.2 — 22.3 Accounts payable 63.4 128.3 400.5 — 592.2 Intercompany payable 37,408.2 30,029.7 17,120.4 (84,558.3 ) — Other accrued expenses and liabilities 356.2 199.3 150.5 (27.7 ) 678.3 Total current liabilities 38,101.8 30,372.3 18,151.5 (84,586.0 ) 2,039.6 Long-term debt, less current maturities 9,166.9 9.1 241.6 — 9,417.6 Intercompany notes payable — 5,029.2 3,642.6 (8,671.8 ) — Other liabilities 59.9 493.5 553.8 (17.4 ) 1,089.8 Total liabilities 47,328.6 35,904.1 22,589.5 (93,275.2 ) 12,547.0 Total CBI stockholders’ equity 7,975.1 14,227.1 13,200.8 (27,427.9 ) 7,975.1 Noncontrolling interests — — 16.6 — 16.6 Total stockholders’ equity 7,975.1 14,227.1 13,217.4 (27,427.9 ) 7,991.7 Total liabilities and stockholders’ equity $ 55,303.7 $ 50,131.2 $ 35,806.9 $ (120,703.1 ) $ 20,538.7 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2018 Sales $ 682.6 $ 1,881.2 $ 1,007.6 $ (1,341.4 ) $ 2,230.0 Excise taxes (78.8 ) (100.9 ) (3.2 ) — (182.9 ) Net sales 603.8 1,780.3 1,004.4 (1,341.4 ) 2,047.1 Cost of product sold (486.8 ) (1,322.1 ) (498.3 ) 1,308.7 (998.5 ) Gross profit 117.0 458.2 506.1 (32.7 ) 1,048.6 Selling, general and administrative expenses (141.3 ) (238.7 ) (49.5 ) 6.3 (423.2 ) Operating income (loss) (24.3 ) 219.5 456.6 (26.4 ) 625.4 Equity in earnings (losses) of equity method investees and subsidiaries 910.6 (12.5 ) 147.2 (1,040.6 ) 4.7 Unrealized gain on equity securities — — 258.3 — 258.3 Net gain on sale of unconsolidated investment — — 101.4 — 101.4 Interest income — — 0.4 — 0.4 Intercompany interest income 67.6 158.8 0.9 (227.3 ) — Interest expense (80.3 ) (0.3 ) (7.6 ) — (88.2 ) Intercompany interest expense (133.6 ) (49.5 ) (44.2 ) 227.3 — Income before income taxes 740.0 316.0 913.0 (1,067.0 ) 902.0 (Provision for) benefit from income taxes 3.8 (76.9 ) (96.1 ) 13.5 (155.7 ) Net income 743.8 239.1 816.9 (1,053.5 ) 746.3 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 743.8 $ 239.1 $ 814.4 $ (1,053.5 ) $ 743.8 Comprehensive income attributable to CBI $ 568.1 $ 238.5 $ 638.2 $ (876.7 ) $ 568.1 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 694.9 $ 1,750.1 $ 903.3 $ (1,240.0 ) $ 2,108.3 Excise taxes (83.6 ) (93.4 ) (2.8 ) — (179.8 ) Net sales 611.3 1,656.7 900.5 (1,240.0 ) 1,928.5 Cost of product sold (477.2 ) (1,214.6 ) (470.3 ) 1,221.9 (940.2 ) Gross profit 134.1 442.1 430.2 (18.1 ) 988.3 Selling, general and administrative expenses (105.0 ) (281.5 ) (43.5 ) 2.8 (427.2 ) Operating income 29.1 160.6 386.7 (15.3 ) 561.1 Equity in earnings (losses) of equity method investees and subsidiaries 431.6 (11.5 ) 114.3 (534.0 ) 0.4 Interest income — — 0.1 — 0.1 Intercompany interest income 57.9 117.4 1.2 (176.5 ) — Interest expense (65.2 ) (0.3 ) (17.0 ) — (82.5 ) Intercompany interest expense (93.3 ) (49.3 ) (33.9 ) 176.5 — Loss on extinguishment of debt (6.7 ) — — — (6.7 ) Income before income taxes 353.4 216.9 451.4 (549.3 ) 472.4 (Provision for) benefit from income taxes 45.1 (68.4 ) (31.9 ) (16.2 ) (71.4 ) Net income 398.5 148.5 419.5 (565.5 ) 401.0 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 398.5 $ 148.5 $ 417.0 $ (565.5 ) $ 398.5 Comprehensive income attributable to CBI $ 586.0 $ 149.4 $ 605.7 $ (755.1 ) $ 586.0 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2018 Net cash provided by (used in) operating activities $ (133.6 ) $ 329.1 $ 308.5 $ — $ 504.0 Cash flows from investing activities: Purchases of property, plant and equipment (3.9 ) (26.8 ) (137.5 ) — (168.2 ) Proceeds from sale of unconsolidated investment — — 110.2 — 110.2 Net proceeds from intercompany notes 265.3 80.5 1.3 (347.1 ) — Net returns of capital from equity affiliates 2.1 — — (2.1 ) — Other investing activities 0.3 0.5 3.7 — 4.5 Net cash provided by (used in) investing activities 263.8 54.2 (22.3 ) (349.2 ) (53.5 ) Cash flows from financing activities: Dividends paid to parent company — — (17.0 ) 17.0 — Net contributions from equity affiliates — 6.8 8.1 (14.9 ) — Net proceeds from (repayments of) intercompany notes 132.3 (374.8 ) (104.6 ) 347.1 — Dividends paid (140.5 ) — — — (140.5 ) Purchases of treasury stock (100.0 ) — — — (100.0 ) Net repayments of short-term borrowings (27.7 ) — (49.8 ) — (77.5 ) Payments of minimum tax withholdings on stock-based payment awards — (12.3 ) (0.6 ) — (12.9 ) Principal payments of long-term debt (1.2 ) (4.6 ) (0.1 ) — (5.9 ) Proceeds from shares issued under equity compensation plans 7.6 — — — 7.6 Net cash used in financing activities (129.5 ) (384.9 ) (164.0 ) 349.2 (329.2 ) Effect of exchange rate changes on cash and cash equivalents — — (1.6 ) — (1.6 ) Net increase (decrease) in cash and cash equivalents 0.7 (1.6 ) 120.6 — 119.7 Cash and cash equivalents, beginning of period 4.6 4.4 81.3 — 90.3 Cash and cash equivalents, end of period $ 5.3 $ 2.8 $ 201.9 $ — $ 210.0 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 ) $ 488.9 $ 53.7 $ — $ 381.6 Cash flows from investing activities: Purchases of property, plant and equipment (4.8 ) (21.9 ) (190.4 ) — (217.1 ) Net proceeds from intercompany notes 419.3 — 0.9 (420.2 ) — Net investments in equity affiliates (5.8 ) — — 5.8 — Other investing activities — — (4.2 ) — (4.2 ) Net cash provided by (used in) investing activities 408.7 (21.9 ) (193.7 ) (414.4 ) (221.3 ) Cash flows from financing activities: Dividends paid to parent company — — (8.0 ) 8.0 — Net contributions from equity affiliates — 11.3 2.5 (13.8 ) — Net proceeds from (repayments of) intercompany notes (1.7 ) (450.9 ) 32.4 420.2 — Dividends paid (100.5 ) — — — (100.5 ) Net proceeds from short-term borrowings 254.0 — 127.3 — 381.3 Payments of minimum tax withholdings on stock-based payment awards — (21.4 ) (0.9 ) — (22.3 ) Principal payments of long-term debt (1,876.8 ) (4.9 ) (31.7 ) — (1,913.4 ) Proceeds from shares issued under equity compensation plans 16.6 — — — 16.6 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 cash provided by (used in) financing activities (224.7 ) (465.9 ) 134.6 414.4 (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 5.3 162.5 — 177.4 Cash and cash equivalents, end of period $ 32.6 $ 6.4 $ 160.1 $ — $ 199.1

Business Segment Information

Business Segment Information	3 Months Ended
	May 31, 2018
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, 2018 2017 (in millions) Cost of product sold Net gain (loss) on undesignated commodity derivative contracts $ 15.4 $ (3.1 ) Accelerated depreciation (3.4 ) — Settlements of undesignated commodity derivative contracts (1.5 ) 2.4 Loss on inventory write-down (1.5 ) — Flow through of inventory step-up (0.6 ) (7.0 ) Total cost of product sold 8.4 (7.7 ) Selling, general and administrative expenses Deferred compensation (16.3 ) — Restructuring and other strategic business development costs (4.3 ) (1.4 ) Impairment of intangible assets — (86.8 ) Costs associated with the sale of the Canadian wine business and related activities — (3.2 ) Transaction, integration and other acquisition-related costs — (1.6 ) Total selling, general and administrative expenses (20.6 ) (93.0 ) Comparable Adjustments, Operating loss $ (12.2 ) $ (100.7 ) 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 2018 Annual Report, and include the accounting policies and the recently adopted accounting guidance described in Note 1 and Note 2 herein. Segment information is as follows: For the Three Months Ended May 31, 2018 2017 (in millions) Beer Net sales $ 1,375.1 $ 1,239.2 Segment operating income $ 520.0 $ 497.5 Long-lived tangible assets $ 3,665.2 $ 3,081.1 Total assets $ 14,674.7 $ 11,679.1 Capital expenditures $ 136.5 $ 191.2 Depreciation and amortization $ 49.5 $ 39.8 For the Three Months Ended May 31, 2018 2017 (in millions) Wine and Spirits Net sales: Wine $ 591.8 $ 602.1 Spirits 80.2 87.2 Net sales $ 672.0 $ 689.3 Segment operating income $ 167.8 $ 201.7 Income from unconsolidated investments $ 4.8 $ 0.2 Long-lived tangible assets $ 1,065.5 $ 982.2 Investments in equity method investees $ 85.0 $ 77.3 Total assets $ 7,093.1 $ 6,888.3 Capital expenditures $ 27.8 $ 21.6 Depreciation and amortization $ 24.4 $ 22.6 Corporate Operations and Other Segment operating loss $ (50.2 ) $ (37.4 ) Income (loss) from unconsolidated investments $ (0.1 ) $ 0.2 Long-lived tangible assets $ 85.1 $ 123.6 Investments in equity method investees $ 42.2 $ 21.3 Total assets $ 1,328.9 $ 392.0 Capital expenditures $ 3.9 $ 4.3 Depreciation and amortization $ 8.4 $ 9.1 Comparable Adjustments Operating loss $ (12.2 ) $ (100.7 ) Income from unconsolidated investments $ 359.7 $ — Depreciation and amortization $ 3.4 $ — Consolidated Net sales $ 2,047.1 $ 1,928.5 Operating income $ 625.4 $ 561.1 Income from unconsolidated investments (1) $ 364.4 $ 0.4 Long-lived tangible assets $ 4,815.8 $ 4,186.9 Investments in equity method investees $ 127.2 $ 98.6 Total assets $ 23,096.7 $ 18,959.4 Capital expenditures $ 168.2 $ 217.1 Depreciation and amortization $ 85.7 $ 71.5 (1) Income from unconsolidated investments consists of: For the Three Months Ended May 31, May 31, (in millions) Unrealized gain on equity securities $ 258.3 $ — Net gain on sale of unconsolidated investment 101.4 — Equity in earnings from equity method investees 4.7 0.4 $ 364.4 $ 0.4

Basis of Presentation and Sum21

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	May 31, 2018
Accounting Policies [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, 2018 (the “2018 Annual Report”), and include the recently adopted accounting guidance described below and in Note 2 herein. Results of operations for interim periods are not necessarily indicative of annual results. During the three months ended May 31, 2018, we recorded an immaterial adjustment in selling, general and administrative expenses of $16.3 million related to prior periods. This adjustment was to correct for previously unrecognized deferred compensation costs associated with certain employment agreements.
Revenue recognition	Revenue recognition: Effective March 1, 2018, we adopted the FASB amended guidance regarding the recognition of revenue from contracts with customers using the retrospective application method (see Note 2 for impacts of adoption). Our revenue (referred to in our financial statements as “sales”) consists primarily of the sale of beer, wine and spirits domestically in the U.S. Sales of products are for cash or otherwise agreed-upon credit terms. Our payment terms vary by location and customer, however, the time period between when revenue is recognized and when payment is due is not significant. Our customers consist primarily of wholesale distributors. Our revenue generating activities have a single performance obligation and are recognized at the point in time when control transfers and our obligation has been fulfilled, which is when the related goods are shipped or delivered to the customer, depending upon the method of distribution and shipping terms. Revenue is measured as the amount of consideration we expect to receive in exchange for the sale of our product. Our sales terms do not allow for a right of return except for matters related to any manufacturing defects on our part. Amounts billed to customers for shipping and handling are included in sales. As noted, the majority of our revenues are generated from the domestic sale of beer, wine and spirits to wholesale distributors in the U.S. Our other revenue generating activities include the export of certain of our products to select international markets, as well as the sale of our products through state alcohol beverage control agencies and on-premise, retail locations in certain markets. We have evaluated these other revenue generating activities under the disaggregation disclosure criteria outlined within the amended guidance and concluded that these other revenue generating activities are immaterial for separate disclosure. See Note 15 for disclosure of net sales by product type. Sales reflect reductions attributable to consideration given to customers in various customer incentive programs, including pricing discounts on single transactions, volume discounts, promotional and advertising allowances, coupons and rebates. This variable consideration is recorded as a reduction of the transaction price based upon expected amounts at the time revenue for the corresponding product sale is recognized. For example, customer promotional discount programs are entered into with certain distributors for certain periods of time. The amount ultimately reimbursed to distributors is determined based upon agreed-upon promotional discounts which are applied to distributors’ sales to retailers. Other common forms of variable consideration include volume rebates for meeting established sales targets, and coupons and mail-in rebates offered to the end consumer. The determination of the reduction of the transaction price for variable consideration requires that we make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. We estimate this variable consideration by taking into account factors such as the nature of the promotional activity, historical information and current trends, availability of actual results, and expectations of customer and consumer behavior. Excise taxes remitted to tax authorities are government-imposed excise taxes on our beverage alcohol products. Excise taxes are shown on a separate line item as a reduction of sales. Excise taxes are recognized as a current liability within other accrued expenses and liabilities, with the liability subsequently reduced when the taxes are remitted to the tax authority. 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. Additionally, this guidance requires improved disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. We adopted this guidance on March 1, 2018, using the retrospective application method to allow for comparable reporting in all periods throughout the year ending February 28, 2019. Based on our analysis, we concluded that the adoption of the amended guidance did not have a material impact on our net sales recognition. However, the broad definition of variable consideration under this guidance requires us to estimate and record certain variable payments resulting from various sales incentives earlier than we have historically recorded them. This change in the timing of when we recognize sales incentive expenses resulted in a shift in net sales recognition primarily between our fiscal quarters. Under the retrospective application method, we recognized the cumulative impact of adopting this guidance in the first quarter of fiscal 2019 with a reduction to our March 1, 2016, opening retained earnings of $49.0 million , net of income tax effect, with an offsetting increase to current accrued promotion expense and the recognition of a deferred tax asset to align the timing of when we recognize sales incentive expense and when we recognize revenue. The effects of the retrospective application method on our consolidated financial statements for the periods presented in this report were as follows: As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Balance Sheet at February 28, 2018 Other accrued expenses and liabilities $ 583.4 $ 94.9 $ 678.3 Total current liabilities $ 1,944.7 $ 94.9 $ 2,039.6 Other liabilities (including deferred income taxes – as previously reported, $718.3 million; as adjusted, $694.4 million) $ 1,113.7 $ (23.9 ) $ 1,089.8 Total liabilities $ 12,476.0 $ 71.0 $ 12,547.0 Retained earnings $ 9,228.2 $ (71.0 ) $ 9,157.2 Total stockholders’ equity $ 8,062.7 $ (71.0 ) $ 7,991.7 As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 2,115.3 $ (7.0 ) $ 2,108.3 Net sales $ 1,935.5 $ (7.0 ) $ 1,928.5 Gross profit $ 995.3 $ (7.0 ) $ 988.3 Operating income $ 568.1 $ (7.0 ) $ 561.1 Income before income taxes $ 479.4 $ (7.0 ) $ 472.4 Provision for income taxes $ (74.1 ) $ 2.7 $ (71.4 ) Net income $ 405.3 $ (4.3 ) $ 401.0 Net income attributable to CBI $ 402.8 $ (4.3 ) $ 398.5 Comprehensive income attributable to CBI $ 590.3 $ (4.3 ) $ 586.0 Net income per common share attributable to CBI: Basic – Class A Common Stock $ 2.09 $ (0.02 ) $ 2.07 Basic – Class B Convertible Common Stock $ 1.90 $ (0.02 ) $ 1.88 Diluted – Class A Common Stock $ 2.00 $ (0.02 ) $ 1.98 Diluted – Class B Convertible Common Stock $ 1.85 $ (0.02 ) $ 1.83 The adoption of the revenue recognition guidance had no impact to cash flows from operating, financing or investing activities in our consolidated statement of cash flows for the three months ended May 31, 2017.
Income taxes	Income taxes: In October 2016, the FASB issued guidance that simplifies the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Under this guidance, an entity is required to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Prior guidance prohibited the recognition in earnings of current and deferred income taxes for an intra-entity asset transfer until the asset had been sold to an outside party or recovered through use. We adopted this guidance on March 1, 2018, using the modified retrospective basis, which requires a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Based on our assessment of intra-entity asset transfers that are in scope and the related deferred income taxes, in the first quarter of fiscal 2019, we recognized a net increase in our March 1, 2018, opening retained earnings and deferred tax assets of $2.2 billion , primarily in connection with the intra-entity transfer of certain intellectual property related to our imported beer business for the year ended February 28, 2018.
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.

Accounting Guidance (Tables)

Accounting Guidance (Tables)	3 Months Ended
	May 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effect of retrospective application method on consolidated financial statements	The effects of the retrospective application method on our consolidated financial statements for the periods presented in this report were as follows: As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Balance Sheet at February 28, 2018 Other accrued expenses and liabilities $ 583.4 $ 94.9 $ 678.3 Total current liabilities $ 1,944.7 $ 94.9 $ 2,039.6 Other liabilities (including deferred income taxes – as previously reported, $718.3 million; as adjusted, $694.4 million) $ 1,113.7 $ (23.9 ) $ 1,089.8 Total liabilities $ 12,476.0 $ 71.0 $ 12,547.0 Retained earnings $ 9,228.2 $ (71.0 ) $ 9,157.2 Total stockholders’ equity $ 8,062.7 $ (71.0 ) $ 7,991.7 As Previously Reported Revenue Recognition Adjustments As Adjusted (in millions, except per share data ) Consolidated Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 2,115.3 $ (7.0 ) $ 2,108.3 Net sales $ 1,935.5 $ (7.0 ) $ 1,928.5 Gross profit $ 995.3 $ (7.0 ) $ 988.3 Operating income $ 568.1 $ (7.0 ) $ 561.1 Income before income taxes $ 479.4 $ (7.0 ) $ 472.4 Provision for income taxes $ (74.1 ) $ 2.7 $ (71.4 ) Net income $ 405.3 $ (4.3 ) $ 401.0 Net income attributable to CBI $ 402.8 $ (4.3 ) $ 398.5 Comprehensive income attributable to CBI $ 590.3 $ (4.3 ) $ 586.0 Net income per common share attributable to CBI: Basic – Class A Common Stock $ 2.09 $ (0.02 ) $ 2.07 Basic – Class B Convertible Common Stock $ 1.90 $ (0.02 ) $ 1.88 Diluted – Class A Common Stock $ 2.00 $ (0.02 ) $ 1.98 Diluted – Class B Convertible Common Stock $ 1.85 $ (0.02 ) $ 1.83

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 31, 2018
Inventory Disclosure [Abstract]
Components of 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 $ 162.4 $ 160.8 In-process inventories 1,318.4 1,382.8 Finished case goods 587.6 540.4 $ 2,068.4 $ 2,084.0

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	May 31, 2018
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 $ 1,644.2 $ 1,465.4 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 428.9 $ 440.6 Commodity derivative contracts $ 215.1 $ 177.5
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 $ 8.2 $ 21.2 Other accrued expenses and liabilities $ 26.9 $ 7.8 Other assets $ 4.1 $ 17.0 Other liabilities $ 34.7 $ 9.9 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.1 $ 2.1 Other accrued expenses and liabilities $ 3.1 $ 2.2 Commodity derivative contracts: Prepaid expenses and other $ 14.1 $ 6.3 Other accrued expenses and liabilities $ 0.7 $ 3.0 Other assets $ 6.1 $ 2.8 Other liabilities $ 2.1 $ 2.6
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, 2018 Commodity derivative contracts Cost of product sold $ 15.4 Foreign currency contracts Selling, general and administrative expenses (1.9 ) $ 13.5 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 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 Location of Net Gain (Loss) Reclassified from AOCI to Income Net Gain (Loss) Reclassified from AOCI to Income (in millions) For the Three Months Ended May 31, 2018 Foreign currency contracts $ (41.9 ) Sales $ 0.1 Cost of product sold 4.1 $ (41.9 ) $ 4.2 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 )

Fair Value of Financial Instr25

Fair Value of Financial Instruments (Tables)	3 Months Ended
	May 31, 2018
Fair Value Disclosures [Abstract]
Assumptions used to estimate the fair value of warrants	The assumptions used to estimate the fair value of the Canopy Warrants as of May 31, 2018 , are as follows: Expected life (1) 1.9 years Expected volatility (2) 77.9 % Risk-free interest rate (3) 1.9 % Expected dividend yield (4) 0.0 % (1) Based on the expiration date of the warrants. (2) Based on historical volatility levels of the underlying equity security. (3) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a remaining term equal to the expected life. (4) Based on historical dividend levels.
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, 2018 Assets: Foreign currency contracts $ — $ 13.4 $ — $ 13.4 Commodity derivative contracts $ — $ 20.2 $ — $ 20.2 Equity securities $ 535.2 $ 378.7 $ — $ 913.9 Liabilities: Foreign currency contracts $ — $ 64.7 $ — $ 64.7 Commodity derivative contracts $ — $ 2.8 $ — $ 2.8 February 28, 2018 Assets: Foreign currency contracts $ — $ 40.3 $ — $ 40.3 Commodity derivative contracts $ — $ 9.1 $ — $ 9.1 Equity securities $ 402.4 $ 253.2 $ — $ 655.6 Debt securities, AFS $ — $ — $ 16.6 $ 16.6 Liabilities: Foreign currency contracts $ — $ 19.9 $ — $ 19.9 Commodity derivative contracts $ — $ 5.6 $ — $ 5.6
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, 2018
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 28, 2017 $ 5,053.0 $ 2,867.5 $ 7,920.5 Purchase accounting allocations (1) 63.9 56.2 120.1 Foreign currency translation adjustments 40.7 1.8 42.5 Balance, February 28, 2018 5,157.6 2,925.5 8,083.1 Purchase accounting allocations — 0.5 0.5 Foreign currency translation adjustments (29.3 ) (3.8 ) (33.1 ) Balance, May 31, 2018 $ 5,128.3 $ 2,922.2 $ 8,050.5 (1) Purchase accounting allocations associated primarily with the acquisitions of a brewery operation business in Obregon, Sonora, Mexico (the “Obregon Brewery”) (Beer) ( $13.8 million ) and the Schrader Cellars, LLC business (Wine and Spirits), and preliminary purchase accounting allocations associated with the acquisition of the Funky Buddha Brewery LLC business (Beer).

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	May 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Major components of intangible assets, Amortizable intangible assets	The major components of intangible assets are as follows: May 31, 2018 February 28, 2018 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.8 $ 42.9 $ 89.8 $ 44.2 Other 20.3 1.2 20.3 1.4 Total $ 110.1 44.1 $ 110.1 45.6 Nonamortizable intangible assets Trademarks 3,257.5 3,259.2 Total intangible assets $ 3,301.6 $ 3,304.8
Major components of intangible assets, Nonamortizable intangible assets	The major components of intangible assets are as follows: May 31, 2018 February 28, 2018 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.8 $ 42.9 $ 89.8 $ 44.2 Other 20.3 1.2 20.3 1.4 Total $ 110.1 44.1 $ 110.1 45.6 Nonamortizable intangible assets Trademarks 3,257.5 3,259.2 Total intangible assets $ 3,301.6 $ 3,304.8

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	May 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of other assets	The major components of other assets are as follows: May 31, February 28, (in millions ) Deferred income taxes (see Note 2) $ 2,194.4 $ — Investments in equity securities 913.9 655.6 Investments in equity method investees 127.2 121.5 Other 88.5 110.0 $ 3,324.0 $ 887.1

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	May 31, 2018
Debt Disclosure [Abstract]
Borrowings	Borrowings consist of the following: May 31, 2018 February 28, Current Long-term Total Total (in millions) Short-term borrowings Senior credit facility, Revolving credit loans $ 138.0 $ 79.0 Commercial paper 239.7 266.9 Other 292.0 400.9 $ 669.7 $ 746.8 Long-term debt Senior credit facility, Term loans $ 5.0 $ 491.4 $ 496.4 $ 497.7 Senior notes — 8,677.5 8,677.5 8,674.2 Other 15.9 247.5 263.4 268.0 $ 20.9 $ 9,416.4 $ 9,437.3 $ 9,439.9 As of May 31, 2018 , the 2017 Credit Agreement provides for aggregate credit facilities of $2,000.0 million , consisting of the following: Amount Maturity (in millions) Revolving Credit Facility (1) (2) $ 1,500.0 July 14, 2022 U.S. Term A-1 Facility (1) (3) 500.0 July 14, 2024 $ 2,000.0 (1) Contractual interest rate varies based on our debt rating (as defined in the 2017 Credit Agreement) and is a function of LIBOR plus a margin, or the base rate plus a margin. (2) Consists of a $190.0 million U.S. Revolving Credit Facility and a $1,310.0 million European Revolving Credit Facility. We are the borrower under the $1,500.0 million Revolving Credit Facility (inclusive of the U.S. Revolving Credit Facility and the European Revolving Credit Facility). CIH and/or CB International are additional borrowers under the European Revolving Credit Facility. Includes two sub-facilities for letters of credit of up to $200.0 million in the aggregate. (3) We are the borrower under the U.S. Term A-1 loan facility. As of May 31, 2018 , our accounts receivable securitization facilities are as follows: Outstanding Borrowings Weighted Average Interest Rate Remaining Borrowing Capacity (in millions) CBI Facility $ 207.6 2.8 % $ 52.4 Crown Facility $ 68.7 2.8 % $ 181.3 As of May 31, 2018 , information with respect to borrowings under the 2017 Credit Agreement is as follows: Revolving Credit Facility U.S. Term A-1 Facility (1) (in millions) Outstanding borrowings $ 138.0 $ 496.4 Interest rate 3.1 % 3.4 % LIBOR margin 1.13 % 1.50 % Outstanding letters of credit $ 10.9 Remaining borrowing capacity (2) $ 1,111.1 (1) Outstanding term loan facility borrowings are net of unamortized debt issuance costs. (2) Net of outstanding revolving credit facility borrowings and outstanding letters of credit under the 2017 Credit Agreement and outstanding borrowings under our commercial paper program of $240.0 million (excluding unamortized discount) (see “Commercial paper program”).

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	May 31, 2018
Equity [Abstract]
Shares repurchased	As of May 31, 2018 , total shares repurchased under the 2018 Authorization are as follows: Class A Common Shares Repurchase Authorization Dollar Value of Shares Repurchased Number of Shares Repurchased (in millions, except share data) 2018 Authorization $ 3,000.0 $ 591.6 2,730,375

Net Income Per Common Share A31

Net Income Per Common Share Attributable to CBI (Tables)	3 Months Ended
	May 31, 2018
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, 2018 May 31, 2017 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 $ 660.6 $ 83.2 $ 354.7 $ 43.8 Conversion of Class B common shares into Class A common shares 83.2 — 43.8 — Effect of stock-based awards on allocated net income — (1.9 ) — (1.0 ) Net income attributable to CBI allocated – diluted $ 743.8 $ 81.3 $ 398.5 $ 42.8 Weighted average common shares outstanding – basic 168.063 23.326 171.555 23.344 Conversion of Class B common shares into Class A common shares 23.326 — 23.344 — Stock-based awards, primarily stock options 5.671 — 6.131 — Weighted average common shares outstanding – diluted 197.060 23.326 201.030 23.344 Net income per common share attributable to CBI – basic $ 3.93 $ 3.57 $ 2.07 $ 1.88 Net income per common share attributable to CBI – diluted $ 3.77 $ 3.48 $ 1.98 $ 1.83

Comprehensive Income Attribut32

Comprehensive Income Attributable to CBI (Tables)	3 Months Ended
	May 31, 2018
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, 2018 Net income attributable to CBI $ 743.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net losses $ (132.3 ) $ — (132.3 ) Reclassification adjustments — — — Net loss recognized in other comprehensive loss (132.3 ) — (132.3 ) Unrealized loss on cash flow hedges: Net derivative losses (58.2 ) 16.3 (41.9 ) Reclassification adjustments (5.8 ) 1.6 (4.2 ) Net loss recognized in other comprehensive loss (64.0 ) 17.9 (46.1 ) Unrealized loss on AFS debt securities: Net AFS debt securities losses (0.4 ) 0.1 (0.3 ) Reclassification adjustments 1.9 0.9 2.8 Net gain recognized in other comprehensive loss 1.5 1.0 2.5 Pension/postretirement adjustments: Net actuarial gains — — — Reclassification adjustments 0.3 (0.1 ) 0.2 Net gain recognized in other comprehensive loss 0.3 (0.1 ) 0.2 Other comprehensive loss attributable to CBI $ (194.5 ) $ 18.8 (175.7 ) Comprehensive income attributable to CBI $ 568.1 For the Three Months Ended May 31, 2017 Net income attributable to CBI $ 398.5 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 $ 586.0
Accumulated other comprehensive income (loss), net of income tax effect	Accumulated other comprehensive 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 Loss (in millions) Balance, February 28, 2018 $ (212.3 ) $ 14.5 $ (2.5 ) $ (2.6 ) $ (202.9 ) Other comprehensive income (loss): Other comprehensive loss before reclassification adjustments (132.3 ) (41.9 ) (0.3 ) — (174.5 ) Amounts reclassified from accumulated other comprehensive loss — (4.2 ) 2.8 0.2 (1.2 ) Other comprehensive income (loss) (132.3 ) (46.1 ) 2.5 0.2 (175.7 ) Balance, May 31, 2018 $ (344.6 ) $ (31.6 ) $ — $ (2.4 ) $ (378.6 )

Condensed Consolidating Finan33

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	May 31, 2018
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, 2018 Current assets: Cash and cash equivalents $ 5.3 $ 2.8 $ 201.9 $ — $ 210.0 Accounts receivable 0.7 20.4 806.8 — 827.9 Inventories 188.9 1,514.6 575.5 (210.6 ) 2,068.4 Intercompany receivable 27,854.8 37,920.3 19,261.5 (85,036.6 ) — Prepaid expenses and other 98.8 71.0 378.5 (49.8 ) 498.5 Total current assets 28,148.5 39,529.1 21,224.2 (85,297.0 ) 3,604.8 Property, plant and equipment 81.3 790.8 3,943.7 — 4,815.8 Investments in subsidiaries 23,892.2 447.7 6,017.9 (30,357.8 ) — Goodwill — 6,185.5 1,865.0 — 8,050.5 Intangible assets — 716.9 2,584.7 — 3,301.6 Intercompany notes receivable 6,082.7 2,271.0 — (8,353.7 ) — Other assets 37.3 3.3 3,304.3 (20.9 ) 3,324.0 Total assets $ 58,242.0 $ 49,944.3 $ 38,939.8 $ (124,029.4 ) $ 23,096.7 Current liabilities: Short-term borrowings $ 239.7 $ — $ 430.0 $ — $ 669.7 Current maturities of long-term debt 7.1 13.6 0.2 — 20.9 Accounts payable 55.2 106.0 489.1 — 650.3 Intercompany payable 37,872.8 29,665.1 17,498.7 (85,036.6 ) — Other accrued expenses and liabilities 312.5 285.8 138.7 (87.4 ) 649.6 Total current liabilities 38,487.3 30,070.5 18,556.7 (85,124.0 ) 1,990.5 Long-term debt, less current maturities 9,168.9 16.6 230.9 — 9,416.4 Intercompany notes payable — 4,886.6 3,467.1 (8,353.7 ) — Other liabilities 29.4 513.1 602.4 (20.9 ) 1,124.0 Total liabilities 47,685.6 35,486.8 22,857.1 (93,498.6 ) 12,530.9 Total CBI stockholders’ equity 10,556.4 14,457.5 16,073.3 (30,530.8 ) 10,556.4 Noncontrolling interests — — 9.4 — 9.4 Total stockholders’ equity 10,556.4 14,457.5 16,082.7 (30,530.8 ) 10,565.8 Total liabilities and stockholders’ equity $ 58,242.0 $ 49,944.3 $ 38,939.8 $ (124,029.4 ) $ 23,096.7 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2018 Current assets: Cash and cash equivalents $ 4.6 $ 4.4 $ 81.3 $ — $ 90.3 Accounts receivable 2.0 12.6 761.6 — 776.2 Inventories 184.3 1,537.5 546.6 (184.4 ) 2,084.0 Intercompany receivable 27,680.0 37,937.5 18,940.8 (84,558.3 ) — Prepaid expenses and other 138.4 77.7 311.0 (3.6 ) 523.5 Total current assets 28,009.3 39,569.7 20,641.3 (84,746.3 ) 3,474.0 Property, plant and equipment 76.2 775.7 3,937.8 — 4,789.7 Investments in subsidiaries 20,948.7 442.0 5,876.9 (27,267.6 ) — Goodwill — 6,185.5 1,897.6 — 8,083.1 Intangible assets — 718.2 2,586.6 — 3,304.8 Intercompany notes receivable 6,236.4 2,435.4 — (8,671.8 ) — Other assets 33.1 4.7 866.7 (17.4 ) 887.1 Total assets $ 55,303.7 $ 50,131.2 $ 35,806.9 $ (120,703.1 ) $ 20,538.7 Current liabilities: Short-term borrowings $ 266.9 $ — $ 479.9 $ — $ 746.8 Current maturities of long-term debt 7.1 15.0 0.2 — 22.3 Accounts payable 63.4 128.3 400.5 — 592.2 Intercompany payable 37,408.2 30,029.7 17,120.4 (84,558.3 ) — Other accrued expenses and liabilities 356.2 199.3 150.5 (27.7 ) 678.3 Total current liabilities 38,101.8 30,372.3 18,151.5 (84,586.0 ) 2,039.6 Long-term debt, less current maturities 9,166.9 9.1 241.6 — 9,417.6 Intercompany notes payable — 5,029.2 3,642.6 (8,671.8 ) — Other liabilities 59.9 493.5 553.8 (17.4 ) 1,089.8 Total liabilities 47,328.6 35,904.1 22,589.5 (93,275.2 ) 12,547.0 Total CBI stockholders’ equity 7,975.1 14,227.1 13,200.8 (27,427.9 ) 7,975.1 Noncontrolling interests — — 16.6 — 16.6 Total stockholders’ equity 7,975.1 14,227.1 13,217.4 (27,427.9 ) 7,991.7 Total liabilities and stockholders’ equity $ 55,303.7 $ 50,131.2 $ 35,806.9 $ (120,703.1 ) $ 20,538.7
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, 2018 Sales $ 682.6 $ 1,881.2 $ 1,007.6 $ (1,341.4 ) $ 2,230.0 Excise taxes (78.8 ) (100.9 ) (3.2 ) — (182.9 ) Net sales 603.8 1,780.3 1,004.4 (1,341.4 ) 2,047.1 Cost of product sold (486.8 ) (1,322.1 ) (498.3 ) 1,308.7 (998.5 ) Gross profit 117.0 458.2 506.1 (32.7 ) 1,048.6 Selling, general and administrative expenses (141.3 ) (238.7 ) (49.5 ) 6.3 (423.2 ) Operating income (loss) (24.3 ) 219.5 456.6 (26.4 ) 625.4 Equity in earnings (losses) of equity method investees and subsidiaries 910.6 (12.5 ) 147.2 (1,040.6 ) 4.7 Unrealized gain on equity securities — — 258.3 — 258.3 Net gain on sale of unconsolidated investment — — 101.4 — 101.4 Interest income — — 0.4 — 0.4 Intercompany interest income 67.6 158.8 0.9 (227.3 ) — Interest expense (80.3 ) (0.3 ) (7.6 ) — (88.2 ) Intercompany interest expense (133.6 ) (49.5 ) (44.2 ) 227.3 — Income before income taxes 740.0 316.0 913.0 (1,067.0 ) 902.0 (Provision for) benefit from income taxes 3.8 (76.9 ) (96.1 ) 13.5 (155.7 ) Net income 743.8 239.1 816.9 (1,053.5 ) 746.3 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 743.8 $ 239.1 $ 814.4 $ (1,053.5 ) $ 743.8 Comprehensive income attributable to CBI $ 568.1 $ 238.5 $ 638.2 $ (876.7 ) $ 568.1 Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2017 Sales $ 694.9 $ 1,750.1 $ 903.3 $ (1,240.0 ) $ 2,108.3 Excise taxes (83.6 ) (93.4 ) (2.8 ) — (179.8 ) Net sales 611.3 1,656.7 900.5 (1,240.0 ) 1,928.5 Cost of product sold (477.2 ) (1,214.6 ) (470.3 ) 1,221.9 (940.2 ) Gross profit 134.1 442.1 430.2 (18.1 ) 988.3 Selling, general and administrative expenses (105.0 ) (281.5 ) (43.5 ) 2.8 (427.2 ) Operating income 29.1 160.6 386.7 (15.3 ) 561.1 Equity in earnings (losses) of equity method investees and subsidiaries 431.6 (11.5 ) 114.3 (534.0 ) 0.4 Interest income — — 0.1 — 0.1 Intercompany interest income 57.9 117.4 1.2 (176.5 ) — Interest expense (65.2 ) (0.3 ) (17.0 ) — (82.5 ) Intercompany interest expense (93.3 ) (49.3 ) (33.9 ) 176.5 — Loss on extinguishment of debt (6.7 ) — — — (6.7 ) Income before income taxes 353.4 216.9 451.4 (549.3 ) 472.4 (Provision for) benefit from income taxes 45.1 (68.4 ) (31.9 ) (16.2 ) (71.4 ) Net income 398.5 148.5 419.5 (565.5 ) 401.0 Net income attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income attributable to CBI $ 398.5 $ 148.5 $ 417.0 $ (565.5 ) $ 398.5 Comprehensive income attributable to CBI $ 586.0 $ 149.4 $ 605.7 $ (755.1 ) $ 586.0
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, 2018 Net cash provided by (used in) operating activities $ (133.6 ) $ 329.1 $ 308.5 $ — $ 504.0 Cash flows from investing activities: Purchases of property, plant and equipment (3.9 ) (26.8 ) (137.5 ) — (168.2 ) Proceeds from sale of unconsolidated investment — — 110.2 — 110.2 Net proceeds from intercompany notes 265.3 80.5 1.3 (347.1 ) — Net returns of capital from equity affiliates 2.1 — — (2.1 ) — Other investing activities 0.3 0.5 3.7 — 4.5 Net cash provided by (used in) investing activities 263.8 54.2 (22.3 ) (349.2 ) (53.5 ) Cash flows from financing activities: Dividends paid to parent company — — (17.0 ) 17.0 — Net contributions from equity affiliates — 6.8 8.1 (14.9 ) — Net proceeds from (repayments of) intercompany notes 132.3 (374.8 ) (104.6 ) 347.1 — Dividends paid (140.5 ) — — — (140.5 ) Purchases of treasury stock (100.0 ) — — — (100.0 ) Net repayments of short-term borrowings (27.7 ) — (49.8 ) — (77.5 ) Payments of minimum tax withholdings on stock-based payment awards — (12.3 ) (0.6 ) — (12.9 ) Principal payments of long-term debt (1.2 ) (4.6 ) (0.1 ) — (5.9 ) Proceeds from shares issued under equity compensation plans 7.6 — — — 7.6 Net cash used in financing activities (129.5 ) (384.9 ) (164.0 ) 349.2 (329.2 ) Effect of exchange rate changes on cash and cash equivalents — — (1.6 ) — (1.6 ) Net increase (decrease) in cash and cash equivalents 0.7 (1.6 ) 120.6 — 119.7 Cash and cash equivalents, beginning of period 4.6 4.4 81.3 — 90.3 Cash and cash equivalents, end of period $ 5.3 $ 2.8 $ 201.9 $ — $ 210.0 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 ) $ 488.9 $ 53.7 $ — $ 381.6 Cash flows from investing activities: Purchases of property, plant and equipment (4.8 ) (21.9 ) (190.4 ) — (217.1 ) Net proceeds from intercompany notes 419.3 — 0.9 (420.2 ) — Net investments in equity affiliates (5.8 ) — — 5.8 — Other investing activities — — (4.2 ) — (4.2 ) Net cash provided by (used in) investing activities 408.7 (21.9 ) (193.7 ) (414.4 ) (221.3 ) Cash flows from financing activities: Dividends paid to parent company — — (8.0 ) 8.0 — Net contributions from equity affiliates — 11.3 2.5 (13.8 ) — Net proceeds from (repayments of) intercompany notes (1.7 ) (450.9 ) 32.4 420.2 — Dividends paid (100.5 ) — — — (100.5 ) Net proceeds from short-term borrowings 254.0 — 127.3 — 381.3 Payments of minimum tax withholdings on stock-based payment awards — (21.4 ) (0.9 ) — (22.3 ) Principal payments of long-term debt (1,876.8 ) (4.9 ) (31.7 ) — (1,913.4 ) Proceeds from shares issued under equity compensation plans 16.6 — — — 16.6 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 cash provided by (used in) financing activities (224.7 ) (465.9 ) 134.6 414.4 (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 5.3 162.5 — 177.4 Cash and cash equivalents, end of period $ 32.6 $ 6.4 $ 160.1 $ — $ 199.1

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	May 31, 2018
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, 2018 2017 (in millions) Cost of product sold Net gain (loss) on undesignated commodity derivative contracts $ 15.4 $ (3.1 ) Accelerated depreciation (3.4 ) — Settlements of undesignated commodity derivative contracts (1.5 ) 2.4 Loss on inventory write-down (1.5 ) — Flow through of inventory step-up (0.6 ) (7.0 ) Total cost of product sold 8.4 (7.7 ) Selling, general and administrative expenses Deferred compensation (16.3 ) — Restructuring and other strategic business development costs (4.3 ) (1.4 ) Impairment of intangible assets — (86.8 ) Costs associated with the sale of the Canadian wine business and related activities — (3.2 ) Transaction, integration and other acquisition-related costs — (1.6 ) Total selling, general and administrative expenses (20.6 ) (93.0 ) Comparable Adjustments, Operating loss $ (12.2 ) $ (100.7 )
Segment information	Segment information is as follows: For the Three Months Ended May 31, 2018 2017 (in millions) Beer Net sales $ 1,375.1 $ 1,239.2 Segment operating income $ 520.0 $ 497.5 Long-lived tangible assets $ 3,665.2 $ 3,081.1 Total assets $ 14,674.7 $ 11,679.1 Capital expenditures $ 136.5 $ 191.2 Depreciation and amortization $ 49.5 $ 39.8 For the Three Months Ended May 31, 2018 2017 (in millions) Wine and Spirits Net sales: Wine $ 591.8 $ 602.1 Spirits 80.2 87.2 Net sales $ 672.0 $ 689.3 Segment operating income $ 167.8 $ 201.7 Income from unconsolidated investments $ 4.8 $ 0.2 Long-lived tangible assets $ 1,065.5 $ 982.2 Investments in equity method investees $ 85.0 $ 77.3 Total assets $ 7,093.1 $ 6,888.3 Capital expenditures $ 27.8 $ 21.6 Depreciation and amortization $ 24.4 $ 22.6 Corporate Operations and Other Segment operating loss $ (50.2 ) $ (37.4 ) Income (loss) from unconsolidated investments $ (0.1 ) $ 0.2 Long-lived tangible assets $ 85.1 $ 123.6 Investments in equity method investees $ 42.2 $ 21.3 Total assets $ 1,328.9 $ 392.0 Capital expenditures $ 3.9 $ 4.3 Depreciation and amortization $ 8.4 $ 9.1 Comparable Adjustments Operating loss $ (12.2 ) $ (100.7 ) Income from unconsolidated investments $ 359.7 $ — Depreciation and amortization $ 3.4 $ — Consolidated Net sales $ 2,047.1 $ 1,928.5 Operating income $ 625.4 $ 561.1 Income from unconsolidated investments (1) $ 364.4 $ 0.4 Long-lived tangible assets $ 4,815.8 $ 4,186.9 Investments in equity method investees $ 127.2 $ 98.6 Total assets $ 23,096.7 $ 18,959.4 Capital expenditures $ 168.2 $ 217.1 Depreciation and amortization $ 85.7 $ 71.5 (1) Income from unconsolidated investments consists of: For the Three Months Ended May 31, May 31, (in millions) Unrealized gain on equity securities $ 258.3 $ — Net gain on sale of unconsolidated investment 101.4 — Equity in earnings from equity method investees 4.7 0.4 $ 364.4 $ 0.4

Basis of Presentation and Sum35

Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) $ in Millions	3 Months Ended
	May 31, 2018USD ($)
Selling, general and administrative expenses [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Correction of previously unrecognized deferred compensation costs	$ 16.3

Accounting Guidance (Details)

Accounting Guidance (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017	Feb. 28, 2018
Statement of Financial Position [Abstract]
Other accrued expenses and liabilities	$ 649.6		$ 678.3
Total current liabilities	1,990.5		2,039.6
Other liabilities	1,124		1,089.8
Total liabilities	12,530.9		12,547
Retained earnings	12,002.4		9,157.2
Total stockholders’ equity	10,565.8		7,991.7
Statement of Comprehensive Income [Abstract]
Sales	2,230	$ 2,108.3
Net sales	2,047.1	1,928.5
Gross profit	1,048.6	988.3
Operating income	625.4	561.1
Income before income taxes	902	472.4
Provision for income taxes	(155.7)	(71.4)
Net income	746.3	401
Net income attributable to CBI	743.8	398.5
Comprehensive income attributable to CBI	568.1	586
Class A Common Stock [Member]
Statement of Comprehensive Income [Abstract]
Net income attributable to CBI	$ 660.6	$ 354.7
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 3.93	$ 2.07
Net income per common share attributable to CBI, diluted	$ 3.77	$ 1.98
Class B Convertible Common Stock [Member]
Statement of Comprehensive Income [Abstract]
Net income attributable to CBI	$ 83.2	$ 43.8
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic	$ 3.57	$ 1.88
Net income per common share attributable to CBI, diluted	$ 3.48	$ 1.83
Accounting Standards Update 2014-09, Revenue recognition [Member]
Statement of Financial Position [Abstract]
Other accrued expenses and liabilities			678.3
Total current liabilities			2,039.6
Other liabilities			1,089.8
Total liabilities			12,547
Retained earnings			9,157.2
Total stockholders’ equity			7,991.7
Deferred income taxes			694.4
Statement of Comprehensive Income [Abstract]
Sales		$ 2,108.3
Net sales		1,928.5
Gross profit		988.3
Operating income		561.1
Income before income taxes		472.4
Provision for income taxes		(71.4)
Net income		401
Net income attributable to CBI		398.5
Comprehensive income attributable to CBI		$ 586
Accounting Standards Update 2014-09, Revenue recognition [Member] | Class A Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		$ 2.07
Net income per common share attributable to CBI, diluted		1.98
Accounting Standards Update 2014-09, Revenue recognition [Member] | Class B Convertible Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		1.88
Net income per common share attributable to CBI, diluted		$ 1.83
Accounting Standards Update 2014-09, Revenue recognition [Member] | As Previously Reported [Member]
Statement of Financial Position [Abstract]
Other accrued expenses and liabilities			583.4
Total current liabilities			1,944.7
Other liabilities			1,113.7
Total liabilities			12,476
Retained earnings			9,228.2
Total stockholders’ equity			8,062.7
Deferred income taxes			718.3
Statement of Comprehensive Income [Abstract]
Sales		$ 2,115.3
Net sales		1,935.5
Gross profit		995.3
Operating income		568.1
Income before income taxes		479.4
Provision for income taxes		(74.1)
Net income		405.3
Net income attributable to CBI		402.8
Comprehensive income attributable to CBI		$ 590.3
Accounting Standards Update 2014-09, Revenue recognition [Member] | As Previously Reported [Member] | Class A Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		$ 2.09
Net income per common share attributable to CBI, diluted		2
Accounting Standards Update 2014-09, Revenue recognition [Member] | As Previously Reported [Member] | Class B Convertible Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		1.90
Net income per common share attributable to CBI, diluted		$ 1.85
Accounting Standards Update 2014-09, Revenue recognition [Member] | Revenue Recognition Adjustment [Member]
Statement of Financial Position [Abstract]
Other accrued expenses and liabilities			94.9
Total current liabilities			94.9
Other liabilities			(23.9)
Total liabilities			71
Retained earnings			(71)
Total stockholders’ equity			$ (71)
Statement of Comprehensive Income [Abstract]
Sales		$ (7)
Net sales		(7)
Gross profit		(7)
Operating income		(7)
Income before income taxes		(7)
Provision for income taxes		2.7
Net income		(4.3)
Net income attributable to CBI		(4.3)
Comprehensive income attributable to CBI		$ (4.3)
Accounting Standards Update 2014-09, Revenue recognition [Member] | Revenue Recognition Adjustment [Member] | Class A Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		$ (0.02)
Net income per common share attributable to CBI, diluted		(0.02)
Accounting Standards Update 2014-09, Revenue recognition [Member] | Revenue Recognition Adjustment [Member] | Class B Convertible Common Stock [Member]
Net income per common share attributable to CBI:
Net income per common share attributable to CBI, basic		(0.02)
Net income per common share attributable to CBI, diluted		$ (0.02)

Accounting Guidance (Details Te

Accounting Guidance (Details Textual) $ in Millions	Mar. 01, 2018USD ($)
Accounting Standards Update 2014-09, Revenue recognition [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening retained earnings adjustment	$ (49)
Accounting Standards Update 2016-16, Income taxes [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening retained earnings adjustment	2,200
Deferred tax assets adjustment	$ 2,200

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017	Feb. 28, 2018
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 162.4		$ 160.8
In-process inventories	1,318.4		1,382.8
Finished case goods	587.6		540.4
Inventories, Total	2,068.4		$ 2,084
Amounts purchased under related party arrangements	$ 69	$ 97.2

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018
Designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 1,644.2	$ 1,465.4
Not designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	428.9	440.6
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 215.1	$ 177.5

Derivative Instruments (Detai40

Derivative Instruments (Details 1) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018
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	$ 8.2	$ 21.2
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	26.9	7.8
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	4.1	17
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	34.7	9.9
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	1.1	2.1
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	3.1	2.2
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	14.1	6.3
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	0.7	3
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	6.1	2.8
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	$ 2.1	$ 2.6

Derivative Instruments (Detai41

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Effect of our undesignated derivative instruments on our results of operations
Net Gain (Loss) Recognized in Income	$ 13.5	$ 1.6
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	(1.9)	4.7
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	15.4	(3.1)
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	(41.9)	36.6
Net Gain (Loss) Reclassified from AOCI to Income	4.2	(2.5)
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	(41.9)	38.6
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	0.1	0.3
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	$ 4.1	(2.7)
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		(2)
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		$ (0.1)

Derivative Instruments (Detai42

Derivative Instruments (Details Textual) $ in Millions	3 Months Ended
	May 31, 2018USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments in a net liability position due to counterparties	$ 42.5
Amount of net losses, net of income tax effect, to be reclassified from AOCI to earnings within the next 12 months	$ (13)

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Details) - Warrants [Member] - Significant Other Observable Inputs (Level 2) [Member]	May 31, 2018
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Expected life	1 year 11 months
Expected volatility	77.90%
Risk-free interest rate	1.90%
Expected dividend yield	0.00%

Fair Value of Financial Instr44

Fair Value of Financial Instruments (Details 1) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018
Assets:
Equity securities	$ 913.9	$ 655.6
Recurring [Member]
Assets:
Foreign currency contracts	13.4	40.3
Commodity derivative contracts	20.2	9.1
Equity securities	913.9	655.6
Debt securities, AFS		16.6
Liabilities:
Foreign currency contracts	64.7	19.9
Commodity derivative contracts	2.8	5.6
Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member]
Assets:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Equity securities	535.2	402.4
Debt securities, AFS		0
Liabilities:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets:
Foreign currency contracts	13.4	40.3
Commodity derivative contracts	20.2	9.1
Equity securities	378.7	253.2
Debt securities, AFS		0
Liabilities:
Foreign currency contracts	64.7	19.9
Commodity derivative contracts	2.8	5.6
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets:
Foreign currency contracts	0	0
Commodity derivative contracts	0	0
Equity securities	0	0
Debt securities, AFS		16.6
Liabilities:
Foreign currency contracts	0	0
Commodity derivative contracts	$ 0	$ 0

Fair Value of Financial Instr45

Fair Value of Financial Instruments (Details 2) - 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
Quoted Prices in Active Markets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks	0
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 Instr46

Fair Value of Financial Instruments (Details Textual) $ in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Nov. 30, 2017CAD ($)	Nov. 30, 2017USD ($)	May 31, 2018USD ($)	May 31, 2017USD ($)	Feb. 28, 2018USD ($)
Fair Value Disclosures [Abstract]
Payments to acquire equity securities	$ 245	$ 191.3
Unrealized gain on equity securities			$ 258.3	$ 0
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion			9,437.3		$ 9,439.9
Carrying amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion			9,437.3		9,439.9
Fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion			$ 9,308.2		$ 9,398.4

Fair Value of Financial Instr47

Fair Value of Financial Instruments (Details Textual 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2017	May 31, 2018	Feb. 28, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trademarks, carrying value		$ 3,301.6	$ 3,304.8
Nonrecurring [Member] | Trademarks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of trademarks	$ 86.8
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

Fair Value of Financial Instr48

Fair Value of Financial Instruments (Details Textual 2) $ in Millions, $ in Millions	Jun. 30, 2018CAD ($)	Jun. 30, 2018USD ($)	Nov. 30, 2017CAD ($)	Nov. 30, 2017USD ($)
Subsequent Event [Line Items]
Payments to acquire convertible debt securities			$ 245	$ 191.3
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to acquire convertible debt securities	$ 200	$ 153

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	May 31, 2018	Feb. 28, 2018
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	$ 8,083.1	$ 7,920.5
Purchase accounting allocations		120.1
Foreign currency translation adjustments	(33.1)	42.5
Goodwill, end of period	8,050.5	8,083.1
Purchase accounting allocations, adjustments	0.5
Operating Segments [Member] | Beer [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	5,157.6	5,053
Purchase accounting allocations		63.9
Foreign currency translation adjustments	(29.3)	40.7
Goodwill, end of period	5,128.3	5,157.6
Purchase accounting allocations, adjustments	0
Operating Segments [Member] | Beer [Member] | Obregon Brewery [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Purchase accounting allocations		13.8
Operating Segments [Member] | Wine and Spirits [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	2,925.5	2,867.5
Purchase accounting allocations		56.2
Foreign currency translation adjustments	(3.8)	1.8
Goodwill, end of period	2,922.2	$ 2,925.5
Purchase accounting allocations, adjustments	$ 0.5

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	$ 110.1	$ 110.1
Amortizable intangible assets, Net Carrying Amount	44.1	45.6
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	3,301.6	3,304.8
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Nonamortizable intangible assets, Net Carrying Amount	3,257.5	3,259.2
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	89.8	89.8
Amortizable intangible assets, Net Carrying Amount	42.9	44.2
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	20.3	20.3
Amortizable intangible assets, Net Carrying Amount	$ 1.2	$ 1.4

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018	May 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred income taxes	$ 2,194.4	$ 0
Investments in equity securities	913.9	655.6
Investments in equity method investees	127.2	121.5	$ 98.6
Other	88.5	110
Other assets, net	$ 3,324	$ 887.1

Other Assets (Details Textual)

Other Assets (Details Textual) $ in Millions, $ in Millions	3 Months Ended
	May 31, 2018USD ($)	May 31, 2017USD ($)	May 31, 2018AUD ($)	May 31, 2018USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Transaction value of sale of Accolade Wine Investment			$ 149.1	$ 113.6
Proceeds from sale of unconsolidated investment	$ 110.2	$ 0
Note receivable				$ 3.4
Net gain on sale of unconsolidated investment	$ 101.4	$ 0

Borrowings (Details)

Borrowings (Details) - USD ($)	May 31, 2018	Feb. 28, 2018
Short-term Debt
Short-term borrowings	$ 669,700,000	$ 746,800,000
Long-term Debt
Other, Current	15,900,000
Other, Long-term	247,500,000
Other, Total	263,400,000	268,000,000
Long-term debt, Current	20,900,000	22,300,000
Long-term debt, Long-term	9,416,400,000	9,417,600,000
Long-term debt, Total	9,437,300,000	9,439,900,000
Debt instrument, face amount	2,000,000,000
Senior credit facility, Term loans [Member]
Long-term Debt
Senior credit facility, Term loans, Current	5,000,000
Senior credit facility, Term loans, Long-term	491,400,000
Senior credit facility, Term loans, Total	496,400,000	497,700,000
Senior credit facility, Term loans [Member] | U.S. Term A-1 Facility [Member]
Long-term Debt
Senior credit facility, Term loans, Total	496,400,000
Debt instrument, face amount	$ 500,000,000
Interest rate	3.40%
LIBOR margin	1.50%
Senior notes [Member]
Long-term Debt
Senior notes, Current	$ 0
Senior notes, Long-term	8,677,500,000
Senior notes, Total	8,677,500,000	8,674,200,000
Senior credit facility, Revolving credit loans [Member]
Short-term Debt
Short-term borrowings	138,000,000	79,000,000
Long-term Debt
Debt instrument, face amount	$ 1,500,000,000
Interest rate	3.10%
LIBOR margin	1.13%
Remaining borrowing capacity	$ 1,111,100,000
Senior credit facility, Revolving credit loans [Member] | U.S. Revolving Credit Facility [Member]
Long-term Debt
Debt instrument, face amount	190,000,000
Senior credit facility, Revolving credit loans [Member] | European Revolving Credit Facility [Member]
Long-term Debt
Debt instrument, face amount	1,310,000,000
Letters of Credit [Member]
Long-term Debt
Debt instrument, face amount	200,000,000
Outstanding letters of credit	10,900,000
Commercial paper [Member]
Short-term Debt
Short-term borrowings	239,700,000	266,900,000
Long-term Debt
Debt instrument, face amount	$ 240,000,000
Interest rate	2.40%
Other [Member]
Short-term Debt
Short-term borrowings	$ 292,000,000	$ 400,900,000
Other [Member] | CBI Accounts Receivable Securitization Facility [Member]
Short-term Debt
Short-term borrowings	$ 207,600,000
Long-term Debt
Interest rate	2.80%
Remaining borrowing capacity	$ 52,400,000
Other [Member] | Crown Accounts Receivable Securitization Facility [Member]
Short-term Debt
Short-term borrowings	$ 68,700,000
Long-term Debt
Interest rate	2.80%
Remaining borrowing capacity	$ 181,300,000

Borrowings (Details Textual)

Borrowings (Details Textual) - USD ($)	May 31, 2018	Feb. 28, 2018
Schedule of Debt [Line Items]
Debt instrument, face amount	$ 2,000,000,000
Short-term borrowings	669,700,000	$ 746,800,000
Commercial paper [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount	240,000,000
Short-term borrowings	$ 239,700,000	$ 266,900,000
Interest rate	2.40%
Commercial paper [Member] | Maximum [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount	$ 1,000,000,000

Borrowings (Details Textual 1)

Borrowings (Details Textual 1) - Other [Member]	May 31, 2018USD ($)
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	$ 230,000,000
Accounts receivable securitization facility, Maximum borrowings two	$ 330,000,000
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	$ 130,000,000
Accounts receivable securitization facility, Maximum borrowings two	$ 250,000,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	May 31, 2018	May 31, 2017
Income Tax Disclosure [Abstract]
Effective tax rate	17.30%	15.10%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - 2018 Authorization [Member] - USD ($)	May 31, 2018	May 31, 2018	Jan. 31, 2018
Class A and Class B [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization			$ 3,000,000,000
Class A Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Dollar Value of Shares Repurchased	$ 591,600,000	$ 100,000,000
Number of Shares Repurchased	2,730,375	450,508

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - 2018 Authorization [Member] - USD ($)	May 31, 2018	May 31, 2018	Jan. 31, 2018
Class A and Class B [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase authorization			$ 3,000,000,000
Class A Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased	2,730,375	450,508
Dollar value of shares repurchased	$ 591,600,000	$ 100,000,000

Net Income Per Common Share A59

Net Income Per Common Share Attributable to CBI (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	$ 743.8	$ 398.5
Class A Common Stock [Member]
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	660.6	354.7
Conversion of Class B common shares into Class A common shares	83.2	43.8
Effect of stock-based awards on allocated net income	0	0
Net income attributable to CBI allocated – diluted	$ 743.8	$ 398.5
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	168,063	171,555
Conversion of Class B common shares into Class A common shares	23,326	23,344
Stock-based awards, primarily stock options	5,671	6,131
Weighted average common shares outstanding – diluted	197,060	201,030
Basic and diluted net income per common share attributable to CBI
Net income per common share attributable to CBI – basic	$ 3.93	$ 2.07
Net income per common share attributable to CBI – diluted	$ 3.77	$ 1.98
Class B Convertible Common Stock [Member]
Earnings per share reconciliation
Net income attributable to CBI allocated – basic	$ 83.2	$ 43.8
Conversion of Class B common shares into Class A common shares	0	0
Effect of stock-based awards on allocated net income	(1.9)	(1)
Net income attributable to CBI allocated – diluted	$ 81.3	$ 42.8
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	23,326	23,344
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	23,326	23,344
Basic and diluted net income per common share attributable to CBI
Net income per common share attributable to CBI – basic	$ 3.57	$ 1.88
Net income per common share attributable to CBI – diluted	$ 3.48	$ 1.83

Comprehensive Income Attribut60

Comprehensive Income Attributable to CBI (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income attributable to CBI	$ 743.8	$ 398.5
Pension/postretirement adjustments
Comprehensive income attributable to CBI	568.1	586
Accumulated Other Comprehensive Income (Loss) [Member]
Foreign currency translation adjustments
Net gains (losses), Before Tax Amount	(132.3)	148.7
Net gains (losses), Tax (Expense) Benefit	0	(0.2)
Net gains (losses), Net of Tax Amount	(132.3)	148.5
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	(132.3)	148.7
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	(132.3)	148.5
Unrealized gain (loss) on cash flow hedges
Net derivative gains (losses), Before Tax Amount	(58.2)	51.9
Net derivative gains (losses), Tax (Expense) Benefit	16.3	(15.3)
Net derivative gains (losses), Net of Tax Amount	(41.9)	36.6
Reclassification adjustments, Before Tax Amount	(5.8)	3.8
Reclassification adjustments, Tax (Expense) Benefit	1.6	(1.2)
Reclassification adjustments, Net of Tax Amount	(4.2)	2.6
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	(64)	55.7
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	17.9	(16.5)
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	(46.1)	39.2
Unrealized gain (loss) on AFS debt securities
Net AFS debt securities gains (losses), Before Tax Amount	(0.4)	(0.3)
Net AFS debt securities gains (losses), Tax (Expense) Benefit	0.1	0
Net AFS debt securities gains (losses), Net of Tax Amount	(0.3)	(0.3)
Reclassification adjustments, Before Tax Amount	1.9	0
Reclassification adjustments, Tax (Expense) Benefit	0.9	0
Reclassification adjustments, Net of Tax Amount	2.8	0
Net gain (loss) recognized in other comprehensive income (loss), Before Tax Amount	1.5	(0.3)
Net gain (loss) recognized in other comprehensive income (loss), Tax (Expense) Benefit	1	0
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	2.5	(0.3)
Pension/postretirement adjustments
Net actuarial gains (losses), Before Tax Amount	0	0
Net actuarial gains (losses), Tax (Expense) Benefit	0	0
Net actuarial gains (losses), Net of Tax Amount	0	0
Reclassification adjustments, Before Tax Amount	0.3	0.1
Reclassification adjustments, Tax (Expense) Benefit	(0.1)	0
Reclassification adjustments, Net of Tax Amount	0.2	0.1
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	(0.1)	0
Net gain (loss) recognized in other comprehensive income (loss), Net of Tax Amount	0.2	0.1
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	(194.5)	204.2
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	18.8	(16.7)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	$ (175.7)	$ 187.5

Comprehensive Income Attribut61

Comprehensive Income Attributable to CBI (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	$ 7,975.1
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Accumulated other comprehensive income (loss), end of period	10,556.4
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	(202.9)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive loss before reclassification adjustments	(174.5)
Amounts reclassified from accumulated other comprehensive loss	(1.2)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(175.7)	$ 187.5
Accumulated other comprehensive income (loss), end of period	(378.6)
Foreign Currency Translation Adjustments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	(212.3)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive loss before reclassification adjustments	(132.3)
Amounts reclassified from accumulated other comprehensive loss	0
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(132.3)
Accumulated other comprehensive income (loss), end of period	(344.6)
Net Unrealized Gains (Losses) on Derivative Instruments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	14.5
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive loss before reclassification adjustments	(41.9)
Amounts reclassified from accumulated other comprehensive loss	(4.2)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(46.1)
Accumulated other comprehensive income (loss), end of period	(31.6)
Net Unrealized Gains (Losses) on AFS Debt Securities [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	(2.5)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive loss before reclassification adjustments	(0.3)
Amounts reclassified from accumulated other comprehensive loss	2.8
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	2.5
Accumulated other comprehensive income (loss), end of period	0
Pension/ Postretirement Adjustments [Member]
Accumulated other comprehensive income (loss), net of income tax effect [Roll Forward]
Accumulated other comprehensive income (loss), beginning of period	(2.6)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive loss before reclassification adjustments	0
Amounts reclassified from accumulated other comprehensive loss	0.2
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	0.2
Accumulated other comprehensive income (loss), end of period	$ (2.4)

Condensed Consolidating Finan62

Condensed Consolidating Financial Information (Details) - USD ($) $ in Millions	May 31, 2018	Feb. 28, 2018	May 31, 2017	Feb. 28, 2017
Condensed Financial Statements, Captions [Line Items]
Percentage of parent ownership of subsidiary guarantors	100.00%
Current assets:
Cash and cash equivalents	$ 210	$ 90.3	$ 199.1	$ 177.4
Accounts receivable	827.9	776.2
Inventories	2,068.4	2,084
Intercompany receivable	0	0
Prepaid expenses and other	498.5	523.5
Total current assets	3,604.8	3,474
Property, plant and equipment	4,815.8	4,789.7	4,186.9
Investments in subsidiaries	0	0
Goodwill	8,050.5	8,083.1		7,920.5
Intangible assets	3,301.6	3,304.8
Intercompany notes receivable	0	0
Other assets	3,324	887.1
Total assets	23,096.7	20,538.7	18,959.4
Current liabilities:
Short-term borrowings	669.7	746.8
Current maturities of long-term debt	20.9	22.3
Accounts payable	650.3	592.2
Intercompany payable	0	0
Other accrued expenses and liabilities	649.6	678.3
Total current liabilities	1,990.5	2,039.6
Long-term debt, less current maturities	9,416.4	9,417.6
Intercompany notes payable	0	0
Other liabilities	1,124	1,089.8
Total liabilities	12,530.9	12,547
Total CBI stockholders’ equity	10,556.4	7,975.1
Noncontrolling interests	9.4	16.6
Total stockholders’ equity	10,565.8	7,991.7
Total liabilities and stockholders’ equity	23,096.7	20,538.7
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable	0	0
Inventories	(210.6)	(184.4)
Intercompany receivable	(85,036.6)	(84,558.3)
Prepaid expenses and other	(49.8)	(3.6)
Total current assets	(85,297)	(84,746.3)
Property, plant and equipment	0	0
Investments in subsidiaries	(30,357.8)	(27,267.6)
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	(8,353.7)	(8,671.8)
Other assets	(20.9)	(17.4)
Total assets	(124,029.4)	(120,703.1)
Current liabilities:
Short-term borrowings	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	0
Intercompany payable	(85,036.6)	(84,558.3)
Other accrued expenses and liabilities	(87.4)	(27.7)
Total current liabilities	(85,124)	(84,586)
Long-term debt, less current maturities	0	0
Intercompany notes payable	(8,353.7)	(8,671.8)
Other liabilities	(20.9)	(17.4)
Total liabilities	(93,498.6)	(93,275.2)
Total CBI stockholders’ equity	(30,530.8)	(27,427.9)
Noncontrolling interests	0	0
Total stockholders’ equity	(30,530.8)	(27,427.9)
Total liabilities and stockholders’ equity	(124,029.4)	(120,703.1)
Parent Company [Member]
Current assets:
Cash and cash equivalents	5.3	4.6	32.6	9.6
Accounts receivable	0.7	2
Inventories	188.9	184.3
Intercompany receivable	27,854.8	27,680
Prepaid expenses and other	98.8	138.4
Total current assets	28,148.5	28,009.3
Property, plant and equipment	81.3	76.2
Investments in subsidiaries	23,892.2	20,948.7
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	6,082.7	6,236.4
Other assets	37.3	33.1
Total assets	58,242	55,303.7
Current liabilities:
Short-term borrowings	239.7	266.9
Current maturities of long-term debt	7.1	7.1
Accounts payable	55.2	63.4
Intercompany payable	37,872.8	37,408.2
Other accrued expenses and liabilities	312.5	356.2
Total current liabilities	38,487.3	38,101.8
Long-term debt, less current maturities	9,168.9	9,166.9
Intercompany notes payable	0	0
Other liabilities	29.4	59.9
Total liabilities	47,685.6	47,328.6
Total CBI stockholders’ equity	10,556.4	7,975.1
Noncontrolling interests	0	0
Total stockholders’ equity	10,556.4	7,975.1
Total liabilities and stockholders’ equity	58,242	55,303.7
Subsidiary Guarantors [Member]
Current assets:
Cash and cash equivalents	2.8	4.4	6.4	5.3
Accounts receivable	20.4	12.6
Inventories	1,514.6	1,537.5
Intercompany receivable	37,920.3	37,937.5
Prepaid expenses and other	71	77.7
Total current assets	39,529.1	39,569.7
Property, plant and equipment	790.8	775.7
Investments in subsidiaries	447.7	442
Goodwill	6,185.5	6,185.5
Intangible assets	716.9	718.2
Intercompany notes receivable	2,271	2,435.4
Other assets	3.3	4.7
Total assets	49,944.3	50,131.2
Current liabilities:
Short-term borrowings	0	0
Current maturities of long-term debt	13.6	15
Accounts payable	106	128.3
Intercompany payable	29,665.1	30,029.7
Other accrued expenses and liabilities	285.8	199.3
Total current liabilities	30,070.5	30,372.3
Long-term debt, less current maturities	16.6	9.1
Intercompany notes payable	4,886.6	5,029.2
Other liabilities	513.1	493.5
Total liabilities	35,486.8	35,904.1
Total CBI stockholders’ equity	14,457.5	14,227.1
Noncontrolling interests	0	0
Total stockholders’ equity	14,457.5	14,227.1
Total liabilities and stockholders’ equity	49,944.3	50,131.2
Subsidiary Nonguarantors [Member]
Current assets:
Cash and cash equivalents	201.9	81.3	$ 160.1	$ 162.5
Accounts receivable	806.8	761.6
Inventories	575.5	546.6
Intercompany receivable	19,261.5	18,940.8
Prepaid expenses and other	378.5	311
Total current assets	21,224.2	20,641.3
Property, plant and equipment	3,943.7	3,937.8
Investments in subsidiaries	6,017.9	5,876.9
Goodwill	1,865	1,897.6
Intangible assets	2,584.7	2,586.6
Intercompany notes receivable	0	0
Other assets	3,304.3	866.7
Total assets	38,939.8	35,806.9
Current liabilities:
Short-term borrowings	430	479.9
Current maturities of long-term debt	0.2	0.2
Accounts payable	489.1	400.5
Intercompany payable	17,498.7	17,120.4
Other accrued expenses and liabilities	138.7	150.5
Total current liabilities	18,556.7	18,151.5
Long-term debt, less current maturities	230.9	241.6
Intercompany notes payable	3,467.1	3,642.6
Other liabilities	602.4	553.8
Total liabilities	22,857.1	22,589.5
Total CBI stockholders’ equity	16,073.3	13,200.8
Noncontrolling interests	9.4	16.6
Total stockholders’ equity	16,082.7	13,217.4
Total liabilities and stockholders’ equity	$ 38,939.8	$ 35,806.9

Condensed Consolidating Finan63

Condensed Consolidating Financial Information (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Condensed Consolidating Statement of Comprehensive Income
Sales	$ 2,230	$ 2,108.3
Excise taxes	(182.9)	(179.8)
Net sales	2,047.1	1,928.5
Cost of product sold	(998.5)	(940.2)
Gross profit	1,048.6	988.3
Selling, general and administrative expenses	(423.2)	(427.2)
Operating income	625.4	561.1
Equity in earnings (losses) of equity method investees and subsidiaries	4.7	0.4
Unrealized gain on equity securities	258.3	0
Net gain on sale of unconsolidated investment	101.4	0
Interest income	0.4	0.1
Intercompany interest income	0	0
Interest expense	(88.2)	(82.5)
Intercompany interest expense	0	0
Income before income taxes	902	472.4
(Provision for) benefit from income taxes	(155.7)	(71.4)
Net income	746.3	401
Net income attributable to noncontrolling interests	(2.5)	(2.5)
Net income attributable to CBI	743.8	398.5
Comprehensive income attributable to CBI	568.1	586
Loss on extinguishment of debt	0	(6.7)
Eliminations [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	(1,341.4)	(1,240)
Excise taxes	0	0
Net sales	(1,341.4)	(1,240)
Cost of product sold	1,308.7	1,221.9
Gross profit	(32.7)	(18.1)
Selling, general and administrative expenses	6.3	2.8
Operating income	(26.4)	(15.3)
Equity in earnings (losses) of equity method investees and subsidiaries	(1,040.6)	(534)
Unrealized gain on equity securities	0
Net gain on sale of unconsolidated investment	0
Interest income	0	0
Intercompany interest income	(227.3)	(176.5)
Interest expense	0	0
Intercompany interest expense	227.3	176.5
Income before income taxes	(1,067)	(549.3)
(Provision for) benefit from income taxes	13.5	(16.2)
Net income	(1,053.5)	(565.5)
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	(1,053.5)	(565.5)
Comprehensive income attributable to CBI	(876.7)	(755.1)
Loss on extinguishment of debt		0
Parent Company [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	682.6	694.9
Excise taxes	(78.8)	(83.6)
Net sales	603.8	611.3
Cost of product sold	(486.8)	(477.2)
Gross profit	117	134.1
Selling, general and administrative expenses	(141.3)	(105)
Operating income	(24.3)	29.1
Equity in earnings (losses) of equity method investees and subsidiaries	910.6	431.6
Unrealized gain on equity securities	0
Net gain on sale of unconsolidated investment	0
Interest income	0	0
Intercompany interest income	67.6	57.9
Interest expense	(80.3)	(65.2)
Intercompany interest expense	(133.6)	(93.3)
Income before income taxes	740	353.4
(Provision for) benefit from income taxes	3.8	45.1
Net income	743.8	398.5
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	743.8	398.5
Comprehensive income attributable to CBI	568.1	586
Loss on extinguishment of debt		(6.7)
Subsidiary Guarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	1,881.2	1,750.1
Excise taxes	(100.9)	(93.4)
Net sales	1,780.3	1,656.7
Cost of product sold	(1,322.1)	(1,214.6)
Gross profit	458.2	442.1
Selling, general and administrative expenses	(238.7)	(281.5)
Operating income	219.5	160.6
Equity in earnings (losses) of equity method investees and subsidiaries	(12.5)	(11.5)
Unrealized gain on equity securities	0
Net gain on sale of unconsolidated investment	0
Interest income	0	0
Intercompany interest income	158.8	117.4
Interest expense	(0.3)	(0.3)
Intercompany interest expense	(49.5)	(49.3)
Income before income taxes	316	216.9
(Provision for) benefit from income taxes	(76.9)	(68.4)
Net income	239.1	148.5
Net income attributable to noncontrolling interests	0	0
Net income attributable to CBI	239.1	148.5
Comprehensive income attributable to CBI	238.5	149.4
Loss on extinguishment of debt		0
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	1,007.6	903.3
Excise taxes	(3.2)	(2.8)
Net sales	1,004.4	900.5
Cost of product sold	(498.3)	(470.3)
Gross profit	506.1	430.2
Selling, general and administrative expenses	(49.5)	(43.5)
Operating income	456.6	386.7
Equity in earnings (losses) of equity method investees and subsidiaries	147.2	114.3
Unrealized gain on equity securities	258.3
Net gain on sale of unconsolidated investment	101.4
Interest income	0.4	0.1
Intercompany interest income	0.9	1.2
Interest expense	(7.6)	(17)
Intercompany interest expense	(44.2)	(33.9)
Income before income taxes	913	451.4
(Provision for) benefit from income taxes	(96.1)	(31.9)
Net income	816.9	419.5
Net income attributable to noncontrolling interests	(2.5)	(2.5)
Net income attributable to CBI	814.4	417
Comprehensive income attributable to CBI	$ 638.2	605.7
Loss on extinguishment of debt		$ 0

Condensed Consolidating Finan64

Condensed Consolidating Financial Information (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 504	$ 381.6
Cash flows from investing activities:
Purchases of property, plant and equipment	(168.2)	(217.1)
Proceeds from sale of unconsolidated investment	110.2	0
Net proceeds from intercompany notes	0	0
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	4.5	(4.2)
Net cash used in investing activities	(53.5)	(221.3)
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
Dividends paid	(140.5)	(100.5)
Purchases of treasury stock	(100)	0
Net proceeds from (repayments of) short-term borrowings	(77.5)	381.3
Payments of minimum tax withholdings on stock-based payment awards	(12.9)	(22.3)
Principal payments of long-term debt	(5.9)	(1,913.4)
Proceeds from shares issued under equity compensation plans	7.6	16.6
Net cash used in financing activities	(329.2)	(141.6)
Payments of debt issuance costs	0	(11.8)
Proceeds from issuance of long-term debt	0	1,508.5
Effect of exchange rate changes on cash and cash equivalents	(1.6)	3
Net increase in cash and cash equivalents	119.7	21.7
Cash and cash equivalents, beginning of period	90.3	177.4
Cash and cash equivalents, end of period	210	199.1
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
Proceeds from sale of unconsolidated investment	0
Net proceeds from intercompany notes	(347.1)	(420.2)
Net returns of capital from (investments in) equity affiliates	(2.1)	5.8
Other investing activities	0	0
Net cash used in investing activities	(349.2)	(414.4)
Cash flows from financing activities:
Dividends paid to parent company	17	8
Net contributions from equity affiliates	(14.9)	(13.8)
Net proceeds from (repayments of) intercompany notes	347.1	420.2
Dividends paid	0	0
Purchases of treasury stock	0
Net proceeds from (repayments of) short-term borrowings	0	0
Payments of minimum tax withholdings on stock-based payment awards	0	0
Principal payments of long-term debt	0	0
Proceeds from shares issued under equity compensation plans	0	0
Net cash used in financing activities	349.2	414.4
Payments of debt issuance costs		0
Proceeds from issuance of long-term debt		0
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	(133.6)	(161)
Cash flows from investing activities:
Purchases of property, plant and equipment	(3.9)	(4.8)
Proceeds from sale of unconsolidated investment	0
Net proceeds from intercompany notes	265.3	419.3
Net returns of capital from (investments in) equity affiliates	2.1	(5.8)
Other investing activities	0.3	0
Net cash used in investing activities	263.8	408.7
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	132.3	(1.7)
Dividends paid	(140.5)	(100.5)
Purchases of treasury stock	(100)
Net proceeds from (repayments of) short-term borrowings	(27.7)	254
Payments of minimum tax withholdings on stock-based payment awards	0	0
Principal payments of long-term debt	(1.2)	(1,876.8)
Proceeds from shares issued under equity compensation plans	7.6	16.6
Net cash used in financing activities	(129.5)	(224.7)
Payments of debt issuance costs		(11.8)
Proceeds from issuance of long-term debt		1,495.5
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0.7	23
Cash and cash equivalents, beginning of period	4.6	9.6
Cash and cash equivalents, end of period	5.3	32.6
Subsidiaries Guarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	329.1	488.9
Cash flows from investing activities:
Purchases of property, plant and equipment	(26.8)	(21.9)
Proceeds from sale of unconsolidated investment	0
Net proceeds from intercompany notes	80.5	0
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	0.5	0
Net cash used in investing activities	54.2	(21.9)
Cash flows from financing activities:
Dividends paid to parent company	0	0
Net contributions from equity affiliates	6.8	11.3
Net proceeds from (repayments of) intercompany notes	(374.8)	(450.9)
Dividends paid	0	0
Purchases of treasury stock	0
Net proceeds from (repayments of) short-term borrowings	0	0
Payments of minimum tax withholdings on stock-based payment awards	(12.3)	(21.4)
Principal payments of long-term debt	(4.6)	(4.9)
Proceeds from shares issued under equity compensation plans	0	0
Net cash used in financing activities	(384.9)	(465.9)
Payments of debt issuance costs		0
Proceeds from issuance of long-term debt		0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	(1.6)	1.1
Cash and cash equivalents, beginning of period	4.4	5.3
Cash and cash equivalents, end of period	2.8	6.4
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	308.5	53.7
Cash flows from investing activities:
Purchases of property, plant and equipment	(137.5)	(190.4)
Proceeds from sale of unconsolidated investment	110.2
Net proceeds from intercompany notes	1.3	0.9
Net returns of capital from (investments in) equity affiliates	0	0
Other investing activities	3.7	(4.2)
Net cash used in investing activities	(22.3)	(193.7)
Cash flows from financing activities:
Dividends paid to parent company	(17)	(8)
Net contributions from equity affiliates	8.1	2.5
Net proceeds from (repayments of) intercompany notes	(104.6)	32.4
Dividends paid	0	0
Purchases of treasury stock	0
Net proceeds from (repayments of) short-term borrowings	(49.8)	127.3
Payments of minimum tax withholdings on stock-based payment awards	(0.6)	(0.9)
Principal payments of long-term debt	(0.1)	(31.7)
Proceeds from shares issued under equity compensation plans	0	0
Net cash used in financing activities	(164)	134.6
Payments of debt issuance costs		0
Proceeds from issuance of long-term debt		13
Effect of exchange rate changes on cash and cash equivalents	(1.6)	3
Net increase in cash and cash equivalents	120.6	(2.4)
Cash and cash equivalents, beginning of period	81.3	162.5
Cash and cash equivalents, end of period	$ 201.9	$ 160.1

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts	$ 13.5	$ 1.6
Total cost of product sold	(998.5)	(940.2)
Selling, general and administrative expenses
Total selling, general and administrative expenses	(423.2)	(427.2)
Comparable Adjustments [Member]
Cost of product sold
Accelerated depreciation	(3.4)	0
Loss on inventory write-down	(1.5)	0
Flow through of inventory step-up	(0.6)	(7)
Total cost of product sold	8.4	(7.7)
Selling, general and administrative expenses
Deferred compensation	(16.3)	0
Restructuring and other strategic business development costs	(4.3)	(1.4)
Impairment of intangible assets	0	(86.8)
Costs associated with the sale of the Canadian wine business and related activities	0	(3.2)
Transaction, integration and other acquisition-related costs	0	(1.6)
Total selling, general and administrative expenses	(20.6)	(93)
Comparable Adjustments, Operating loss	(12.2)	(100.7)
Comparable Adjustments [Member] | Commodity derivative contracts [Member]
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts	15.4	(3.1)
Settlements of undesignated commodity derivative contracts	$ (1.5)	$ 2.4

Business Segment Information 66

Business Segment Information (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2018	May 31, 2017	Feb. 28, 2018
Segment Reporting Information [Line Items]
Net sales	$ 2,047.1	$ 1,928.5
Operating income (loss)	625.4	561.1
Long-lived tangible assets	4,815.8	4,186.9	$ 4,789.7
Total assets	23,096.7	18,959.4	20,538.7
Capital expenditures	168.2	217.1
Depreciation and amortization	85.7	71.5
Income from unconsolidated investments	364.4	0.4
Investments in equity method investees	127.2	98.6	$ 121.5
Unrealized gain on equity securities	258.3	0
Net gain on sale of unconsolidated investment	101.4	0
Equity in earnings from equity method investees	4.7	0.4
Income from unconsolidated investments	364.4	0.4
Operating Segments [Member] | Beer [Member]
Segment Reporting Information [Line Items]
Net sales	1,375.1	1,239.2
Operating income (loss)	520	497.5
Long-lived tangible assets	3,665.2	3,081.1
Total assets	14,674.7	11,679.1
Capital expenditures	136.5	191.2
Depreciation and amortization	49.5	39.8
Operating Segments [Member] | Wine and Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	672	689.3
Operating income (loss)	167.8	201.7
Long-lived tangible assets	1,065.5	982.2
Total assets	7,093.1	6,888.3
Capital expenditures	27.8	21.6
Depreciation and amortization	24.4	22.6
Income from unconsolidated investments	4.8	0.2
Investments in equity method investees	85	77.3
Income from unconsolidated investments	4.8	0.2
Operating Segments [Member] | Wine and Spirits [Member] | Wine [Member]
Segment Reporting Information [Line Items]
Net sales	591.8	602.1
Operating Segments [Member] | Wine and Spirits [Member] | Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	80.2	87.2
Operating Segments [Member] | Corporate Operations and Other [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(50.2)	(37.4)
Long-lived tangible assets	85.1	123.6
Total assets	1,328.9	392
Capital expenditures	3.9	4.3
Depreciation and amortization	8.4	9.1
Income from unconsolidated investments	(0.1)	0.2
Investments in equity method investees	42.2	21.3
Income from unconsolidated investments	(0.1)	0.2
Comparable Adjustments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(12.2)	(100.7)
Depreciation and amortization	3.4	0
Income from unconsolidated investments	359.7	0
Income from unconsolidated investments	$ 359.7	$ 0

Business Segment Information 67

Business Segment Information (Details Textual)	3 Months Ended
	May 31, 2018divisionsegment
Segment Reporting [Abstract]
Number of business divisions | division	2
Number of reportable operating segments | segment	3