Constellation Brands (STZ) 10-Q 28 Jun 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 31, 2019	Jun. 24, 2019
Entity Registrant Name	CONSTELLATION BRANDS, INC.
Entity Central Index Key	0000016918
Document Type	10-Q
Document Period End Date	May 31, 2019
Entity File Number	001-08495
Amendment Flag	false
Document Fiscal Year Focus	2020
Trading Symbol	STZ
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--02-29
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		167,239,478
Class B Common Stock [Member]
Trading Symbol	STZ.B
Entity Common Stock, Shares Outstanding		23,316,564
Class 1 Common Stock [Member]
Entity Common Stock, Shares Outstanding		1,018,119

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Current assets:
Cash and cash equivalents	$ 98.7	$ 93.6
Accounts receivable	788.3	846.9
Inventories	1,494.1	2,130.4
Prepaid expenses and other	530.9	613.1
Assets held for sale - current	668.9	0
Total current assets	3,580.9	3,684
Property, plant, and equipment	5,118	5,267.3
Goodwill	7,756	8,088.8
Intangible assets	2,847.5	3,198.1
Equity method investments	3,430.4	3,465.6
Securities measured at fair value	2,409.5	3,234.7
Deferred income taxes	2,203.1	2,183.3
Assets held for sale	925.7	0
Other assets	680	109.7
Total assets	28,951.1	29,231.5
Current liabilities:
Short-term borrowings	586.4	791.5
Current maturities of long-term debt	1,065.4	1,065.2
Accounts payable	579.1	616.7
Other accrued expenses and liabilities	708.4	690.4
Total current liabilities	2,939.3	3,163.8
Long-term debt, less current maturities	11,745.8	11,759.8
Deferred income taxes and other liabilities	1,777.8	1,470.7
Total liabilities	16,462.9	16,394.3
Commitments and contingencies
CBI stockholders’ equity:
Additional paid-in capital	1,417	1,410.8
Retained earnings	13,888.9	14,276.2
Accumulated other comprehensive income (loss)	(355.5)	(353.9)
Total stockholders’ equity before treasury stock adjustments	14,952.6	15,335.3
Less: Treasury stock –	(2,778)	(2,784.3)
Total CBI stockholders’ equity	12,174.6	12,551
Noncontrolling interests	313.6	286.2
Total stockholders’ equity	12,488.2	12,837.2
Total liabilities and stockholders’ equity	28,951.1	29,231.5
Class A Common Stock [Member]
CBI stockholders’ equity:
Common stock, value	1.9	1.9
Less: Treasury stock –	(2,775.8)	(2,782.1)
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 (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	May 31, 2019	Feb. 28, 2019
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	185,873,845	185,740,178
Treasury stock, shares at cost	18,636,987	18,927,966
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	28,322,364	28,322,419
Treasury stock, shares at cost	5,005,800	5,005,800

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Sales	$ 2,282.5	$ 2,230
Excise taxes	(185.3)	(182.9)
Net sales	2,097.2	2,047.1
Cost of product sold	(1,068.5)	(998.5)
Gross profit	1,028.7	1,048.6
Selling, general, and administrative expenses	(406)	(423.2)
Operating income (loss)	622.7	625.4
Income (loss) from unconsolidated investments	(930.6)	364.4
Interest expense	(114.6)	(87.8)
Income (loss) before income taxes	(422.5)	902
(Provision for) benefit from income taxes	185.4	(155.7)
Net income (loss)	(237.1)	746.3
Net income (loss) attributable to noncontrolling interests	(8.3)	(2.5)
Net income (loss) attributable to CBI	(245.4)	743.8
Comprehensive income (loss)	(239.8)	560.9
Comprehensive (income) loss attributable to noncontrolling interests	(7.2)	7.2
Comprehensive income (loss) attributable to CBI	(247)	568.1
Class A Common Stock [Member]
Net income (loss) attributable to CBI	$ (217.7)	$ 660.6
Net income (loss) per common share attributable to CBI:
Net income (loss) per common share attributable to CBI, basic (in dollars per share)	$ (1.30)	$ 3.93
Net income (loss) per common share attributable to CBI, diluted (in dollars per share)	$ (1.30)	$ 3.77
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	168,118	168,063
Weighted average common shares outstanding, diluted	168,118	197,060
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.75	$ 0.74
Class B Convertible Common Stock [Member]
Net income (loss) attributable to CBI	$ (27.7)	$ 83.2
Net income (loss) per common share attributable to CBI:
Net income (loss) per common share attributable to CBI, basic (in dollars per share)	$ (1.19)	$ 3.57
Net income (loss) per common share attributable to CBI, diluted (in dollars per share)	$ (1.19)	$ 3.48
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic	23,317	23,326
Weighted average common shares outstanding, diluted	23,317	23,326
Cash dividends declared per common share:
Cash dividends declared per common share	$ 0.68	$ 0.67

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Parent [Member]	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B Convertible Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
Stockholders' equity, beginning of period at Feb. 28, 2018	$ 7,991.7		$ 2.6	$ 0.3	$ 2,825.3	$ 9,157.2	$ (202.9)	$ (3,807.4)	$ 16.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	746.3	$ 743.8	0	0	0	743.8	0	0	2.5
Other comprehensive income (loss), net of income tax effect	(185.4)		0	0	0	0	(175.7)	0	(9.7)
Comprehensive income (loss)	560.9
Dividends declared	(140.6)		0	0	0	(140.6)	0	0	0
Shares issued under equity compensation plans	(5.4)		0	0	(7.7)	0	0	2.3	0
Stock-based compensation	17.2		0	0	17.2	0	0	0	0
Stockholders' equity, end of period at May. 31, 2018	10,565.8		2.6	0.3	2,834.8	12,002.4	(378.6)	(3,905.1)	9.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of shares	(100)		0	0	0	0	0	(100)	0
Stockholders' equity, beginning of period at Feb. 28, 2019	12,837.2		1.9	0.3	1,410.8	14,276.2	(353.9)	(2,784.3)	286.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(237.1)	$ (245.4)	0	0	0	(245.4)	0	0	8.3
Other comprehensive income (loss), net of income tax effect	(2.7)		0	0	0	0	(1.6)	0	(1.1)
Comprehensive income (loss)	(239.8)
Dividends declared	(141.9)		0	0	0	(141.9)	0	0	0
Initial recognition of non-controlling interest	20.2		0	0	0	0	0	0	20.2
Shares issued under equity compensation plans	(3)		0	0	(9.3)	0	0	6.3	0
Stock-based compensation	15.5		0	0	15.5	0	0	0	0
Stockholders' equity, end of period at May. 31, 2019	$ 12,488.2		$ 1.9	$ 0.3	$ 1,417	$ 13,888.9	$ (355.5)	$ (2,778)	$ 313.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (237.1)	$ 746.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized net (gain) loss on securities measured at fair value	827.5	(258.3)
Equity in (earnings) losses of equity method investees, net of distributed (earnings) losses	91.1	(4.7)
Depreciation	86.6	84.2
Stock-based compensation	15.5	17.3
Net (gain) loss on sale of unconsolidated investment	0.1	(101.4)
Deferred tax provision (benefit)	(245.4)	116.2
Change in operating assets and liabilities, net of effects from purchase of business:
Accounts receivable	58.6	(49.3)
Inventories	(20.9)	10.6
Prepaid expenses and other current assets	(8.7)	(54.1)
Accounts payable	(22.3)	14.9
Deferred revenue	53.1	47.3
Other accrued expenses and liabilities	(62.3)	(77.7)
Other	57.3	12.7
Total adjustments	830.2	(242.3)
Net cash provided by (used in) operating activities	593.1	504
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment	(155.7)	(168.2)
Purchase of business, net of cash acquired	(36.2)	(0.8)
Investments in equity method investees	(20)	(1.5)
Proceeds from (payments related to) sale of unconsolidated investment	0	110.2
Other investing activities	(1.6)	6.8
Net cash provided by (used in) investing activities	(213.5)	(53.5)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from (repayments of) short-term borrowings	(205)	(77.5)
Dividends paid	(143)	(140.5)
Principal payments of long-term debt	(22.9)	(5.9)
Payments of minimum tax withholdings on stock-based payment awards	(13.9)	(12.9)
Proceeds from shares issued under equity compensation plans	10.4	7.6
Net cash provided by (used in) financing activities	(374.4)	(329.2)
Purchases of treasury stock	0	(100)
Effect of exchange rate changes on cash and cash equivalents	(0.1)	(1.6)
Net increase (decrease) in cash and cash equivalents	5.1	119.7
Cash and cash equivalents, beginning of period	93.6	90.3
Cash and cash equivalents, end of period	98.7	210
Supplemental disclosures of noncash investing and financing activities
Additions to property, plant, and equipment	$ 35.6	$ 138.5

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Unless the context otherwise requires, the terms “Company,” “CBI,” “we,” “our,” or “us” refer to Constellation Brands, Inc. and its subsidiaries. We have prepared the consolidated financial statements included herein, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission applicable to quarterly reporting on Form 10-Q and reflect, in our opinion, all adjustments necessary to present fairly our financial information. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements, prepared in accordance with generally accepted accounting principles, have been condensed or omitted as permitted by such rules and regulations. These consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended February 28, 2019 (the “2019 Annual Report”), and include the recently adopted accounting guidance described in Note 2 and Note 15 herein. Results of operations for interim periods are not necessarily indicative of annual results.

Accounting Guidance Accounting

Accounting Guidance Accounting Guidance	3 Months Ended
	May 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
ACCOUNTING GUIDANCE	ACCOUNTING GUIDANCE Recently adopted accounting guidance In February 2016, the FASB issued guidance for the accounting for leases. Under this guidance, a lessee recognizes assets and liabilities on its balance sheet for most leases. Lease expense continues to be consistent with previous guidance. Additionally, this guidance requires enhanced disclosures regarding the amount, timing, and uncertainty of cash flows arising from leasing arrangements. We adopted the guidance on March 1, 2019, using the modified retrospective approach, accordingly, prior period balances and disclosures have not been restated. We elected the package of transition practical expedients for expired or existing contracts, which retains prior conclusions regarding lease identification, classification, and initial direct costs incurred. We finalized the implementation of changes to our accounting policies, systems and controls, including a new leasing software to capture the required data for accounting and disclosure. The adoption of this guidance resulted in the recognition of operating lease right-of-use assets of $592.5 million and operating lease liabilities of $619.9 million as of March 1, 2019, and did not have a material impact on our results of operations or liquidity. For additional information on leases, refer to Note 15 .

Inventories

Inventories	3 Months Ended
	May 31, 2019
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, 2019 (1) February 28, (in millions) Raw materials and supplies $ 172.8 $ 182.6 In-process inventories 884.7 1,480.5 Finished case goods 436.6 467.3 $ 1,494.1 $ 2,130.4 (1) The inventory balance at May 31, 2019 , excludes amounts reclassified to assets held for sale (see Note 4 ). 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 were $88.5 million and $69.0 million for the three months ended May 31, 2019 , and May 31, 2018 , respectively.

Wine and Spirits Transformation

Wine and Spirits Transformation	3 Months Ended
	May 31, 2019
Text Block [Abstract]
WINE AND SPIRITS TRANSFORMATION	WINE AND SPIRITS TRANSFORMATION Wine and Spirits Transaction In April 2019, we entered into a definitive agreement to sell a portion of our wine and spirits business, including approximately 30 lower-margin, lower-growth wine and spirits brands, wineries, vineyards, offices, and facilities (the “Wine and Spirits Transaction”). The Wine and Spirits Transaction is subject to the satisfaction of certain closing conditions, including receipt of required regulatory approval, and is expected to close in the second half of calendar 2019. We expect to use the net cash proceeds from the Wine and Spirits Transaction primarily to reduce outstanding borrowings. In connection with the Wine and Spirits Transaction, certain Wine and Spirits segment net assets have met the held for sale criteria as of May 31, 2019 . We have concluded that no impairment existed as of May 31, 2019 . The carrying value of assets held for sale consists of the following: May 31, (in millions) Assets Inventories $ 658.8 Prepaid expenses and other 10.1 Assets held for sale - current 668.9 Property, plant, and equipment 179.7 Goodwill 397.3 Intangible assets 347.2 Other assets 1.5 Assets held for sale 925.7 Liabilities Accounts payable 7.8 Other accrued expenses and liabilities 26.3 Deferred income taxes and other liabilities 0.1 Liabilities held for sale (1) 34.2 Net assets held for sale $ 1,560.4 (1) Liabilities held for sale are included in the Consolidated Balance Sheet as of May 31, 2019, within the respective liability line items noted above. Wine and Spirits Optimization We recognized charges in connection with our ongoing efforts to gain efficiencies and reduce our cost structure within the Wine and Spirits segment as follows: Results of Operations Location For the Three Months Ended May 31, 2019 (in millions) Loss on inventory write-downs Cost of product sold $ 27.2 Contract termination costs Cost of product sold 15.8 Employee termination costs Selling, general, and administrative expenses 11.9 Other costs Selling, general, and administrative expenses 6.3 $ 61.2

Derivative Instruments

Derivative Instruments	3 Months Ended
	May 31, 2019
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 2019 Annual Report and have not changed significantly for the three months ended May 31, 2019 . We have investments in certain equity securities which provide us with the option to purchase an additional ownership interest in the equity securities of Canopy (see Note 9 ). These investments are included in securities measured at fair value and are accounted for at fair value, with the net gain (loss) from the changes in fair value of these investments recognized in income (loss) from unconsolidated investments (see Note 6 ). 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 $ 1,510.1 $ 1,579.3 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 645.4 $ 460.3 Commodity derivative contracts $ 271.3 $ 284.7 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, 2019 , the estimated fair value of derivative instruments in a net liability position due to counterparties was $17.2 million . If we were required to settle the net liability position under these derivative instruments on May 31, 2019 , 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 6 ): 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 $ 17.0 $ 14.1 Other accrued expenses and liabilities $ 11.0 $ 8.8 Other assets $ 18.3 $ 22.1 Deferred income taxes and other liabilities $ 9.3 $ 6.3 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.2 $ 2.0 Other accrued expenses and liabilities $ 2.3 $ 0.6 Commodity derivative contracts: Prepaid expenses and other $ 3.0 $ 6.1 Other accrued expenses and liabilities $ 11.8 $ 6.1 Other assets $ 1.0 $ 2.6 Deferred income taxes and other liabilities $ 9.5 $ 5.5 The principal effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, as well as Other Comprehensive Income (Loss) (“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 (Loss) Net Gain (Loss) Reclassified from AOCI to Income (Loss) (in millions) For the Three Months Ended May 31, 2019 Foreign currency contracts $ (2.4 ) Sales $ — Cost of product sold 3.6 $ (2.4 ) $ 3.6 For the Three Months Ended May 31, 2018 Foreign currency contracts $ (44.9 ) Sales $ 0.1 Cost of product sold 4.1 $ (44.9 ) $ 4.2 We expect $12.3 million of net gains, net of income tax effect, to be reclassified from accumulated other comprehensive income (loss) (“AOCI”) to our results of operations within the next 12 months. The effect of our undesignated derivative instruments on our results of operations is as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Net Gain (Loss) Recognized in Income (Loss) Net Gain (Loss) Recognized in Income (Loss) (in millions) For the Three Months Ended May 31, 2019 Commodity derivative contracts Cost of product sold $ (15.9 ) Foreign currency contracts Selling, general, and administrative expenses (3.8 ) $ (19.7 ) 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

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	May 31, 2019
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 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, entered 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). Canopy investments Equity securities – The fair value of the November 2017 Canopy Warrants and the November 2018 Canopy Warrants (both as defined in Note 9 ) is estimated using the Black-Scholes option-pricing model (Level 2 fair value measurement). Refer to Note 9, for information on a modification of the November 2018 Canopy Warrants that occurred in June 2019. The inputs used to estimate the fair value of the warrants are as follows: May 31, 2019 February 28, 2019 November 2018 Canopy Warrants November 2017 Canopy Warrants November November 2017 Canopy Warrants Issue date exercise price (1) C$ 50.40 C$ 12.98 C$ 50.40 C$ 12.98 Valuation date stock price (1) C$ 54.48 C$ 54.48 C$ 62.38 C$ 62.38 Expected life (2) 2.4 years 0.9 years 2.7 years 1.2 years Expected volatility (3) 72.7 % 76.2 % 79.3 % 87.8 % Risk-free interest rate (4) 1.4 % 1.6 % 1.8 % 1.8 % Expected dividend yield (5) 0.0 % 0.0 % 0.0 % 0.0 % (1) Based on the closing market price for Canopy common stock on the Toronto Stock Exchange (“TSX”) as of the applicable date. (2) Based on the expiration date of the warrants. (3) Based on historical volatility levels of the underlying equity security. (4) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a remaining term equal to the expected life. (5) Based on historical dividend levels. Debt securities, Convertible – In June 2018, we acquired convertible debt securities issued by Canopy for C$200.0 million , or $150.5 million (the “Canopy Debt Securities”). We have elected the fair value option to account for the Canopy Debt Securities, which at that time, provided the greatest level of consistency with the accounting treatment for the November 2017 Canopy Warrants. Interest income on the Canopy Debt Securities is calculated using the effective interest method and is recognized separately from the changes in fair value in interest expense. The Canopy Debt Securities have a contractual maturity of five years from the date of issuance but may be converted prior to maturity by either party upon the occurrence of certain events. At settlement, the Canopy Debt Securities can be settled at the option of the issuer, in cash, equity shares of the issuer, or a combination thereof. The fair value is estimated using a binomial lattice option-pricing model (Level 2 fair value measurement), which includes an estimate of the credit spread based on the implied spread as of the issuance date of the notes. The inputs used to estimate the fair value of the Canopy Debt Securities are as follows: May 31, February 28, Conversion price (1) C$ 48.17 C$ 48.17 Valuation date stock price (2) C$ 54.48 C$ 62.38 Remaining term (3) 4.1 years 4.4 years Expected volatility (4) 47.6 % 45.9 % Risk-free interest rate (5) 1.4 % 1.8 % Expected dividend yield (6) 0.0 % 0.0 % (1) Based on the rate which the Canopy Debt Securities may be converted into equity shares, or the equivalent amount of cash, at the option of the issuer. (2) Based on the closing market price for Canopy common stock on the TSX as of the applicable date. (3) Based on the contractual maturity date of the notes. (4) Based on historical volatility levels of the underlying equity security reduced to account for certain risks not incorporated into the option-pricing model. (5) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a term equal to the remaining contractual term of the debt securities. (6) Based on historical dividend levels. 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 rating (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, are variable interest rate bearing notes for which the carrying value approximates the fair value. Long-term debt The term loans under our 2018 Credit Agreement and our Term Credit Agreement (both as defined in Note 12 ) are variable interest rate bearing notes which include a fixed margin which is adjustable based upon our debt rating. The senior floating rate notes are variable interest rate bearing notes which include a fixed margin. The fair value of the term loans and the senior floating rate notes are 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, 2019 , and February 28, 2019 , due to the relatively short maturity of these instruments. As of May 31, 2019 , the carrying amount of long-term debt, including the current portion, was $12,811.2 million , compared with an estimated fair value of $13,199.1 million . As of February 28, 2019 , the carrying amount of long-term debt, including the current portion, was $12,825.0 million , compared with an estimated fair value of $12,768.5 million . Recurring basis measurements The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis: Fair Value Measurements Using Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (in millions) May 31, 2019 Assets: Foreign currency contracts $ — $ 36.5 $ — $ 36.5 Commodity derivative contracts $ — $ 4.0 $ — $ 4.0 Equity securities (1) $ — $ 2,228.3 $ — $ 2,228.3 Canopy Debt Securities (1) $ — $ 181.2 $ — $ 181.2 Liabilities: Foreign currency contracts $ — $ 22.6 $ — $ 22.6 Commodity derivative contracts $ — $ 21.3 $ — $ 21.3 February 28, 2019 Assets: Foreign currency contracts $ — $ 38.2 $ — $ 38.2 Commodity derivative contracts $ — $ 8.7 $ — $ 8.7 Equity securities (1) $ — $ 3,023.2 $ — $ 3,023.2 Canopy Debt Securities (1) $ — $ 211.5 $ — $ 211.5 Liabilities: Foreign currency contracts $ — $ 15.7 $ — $ 15.7 Commodity derivative contracts $ — $ 11.6 $ — $ 11.6 (1) Unrealized net gain (loss) from the changes in fair value of our securities measured at fair value recognized in income (loss) from unconsolidated investments are as follows: For the Three Months Ended May 31, 2019 May 31, 2018 (in millions) November 2017 Canopy Investment (i) $ — $ 132.9 November 2017 Canopy Warrants (134.1 ) 125.4 November 2018 Canopy Warrants (660.8 ) — Canopy Debt Securities (32.6 ) — $ (827.5 ) $ 258.3 (i) Accounted for at fair value from the date of investment in November 2017 through October 31, 2018. Accounted for under the equity method from November 1, 2018. For additional information on the November 2017 Canopy Investment, refer to Note 9.

Goodwill

Goodwill	3 Months Ended
	May 31, 2019
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, 2018 $ 5,157.6 $ 2,925.5 $ 8,083.1 Purchase accounting allocations (1) 22.3 2.7 25.0 Foreign currency translation adjustments (12.0 ) (7.3 ) (19.3 ) Balance, February 28, 2019 5,167.9 2,920.9 8,088.8 Purchase accounting allocations (2) — 72.0 72.0 Foreign currency translation adjustments (2.4 ) (5.1 ) (7.5 ) Reclassified to assets held for sale (3) — (397.3 ) (397.3 ) Balance, May 31, 2019 $ 5,165.5 $ 2,590.5 $ 7,756.0 (1) Purchase accounting allocations associated primarily with the acquisition of F our Corners (Beer). See defined acquisition term below. (2) Preliminary purchase accounting allocations associated primarily with the acquisition of Nelson’s Green Brier (Wine and Spirits). See defined acquisition term below. (3) In connection with the Wine and Spirits Transaction, goodwill associated with the business being sold was reclassified to assets held for sale based on the relative fair values of the portion of the business being sold and the remaining wine and spirits portfolio. The relative fair values were determined using the income approach based on assumptions, including projected revenue growth rates, terminal growth rate, and discount rate and other projected financial information. Acquisitions Nelson’s Green Brier In May 2019, we increased our ownership interest in Nelson’s Green Brier Distillery, LLC (“Nelson’s Green Brier”) to 75% , resulting in consolidation of the business and recognition of a noncontrolling interest. This acquisition included a portfolio of award-winning, Tennessee-based craft bourbon and whiskey products. The preliminary fair value of the business combination was allocated primarily to goodwill, inventory, and property, plant, and equipment. The results of operations of Nelson’s Green Brier are reported in the Wine and Spirits segment and have been included in our consolidated results of operations from the date of acquisition. We recognized a gain of $11.8 million for the three months ended May 31, 2019 , related to the remeasurement of our previously held 20% equity interest in Nelson’s Green Brier to the acquisition-date fair value. This gain is included in selling, general, and administrative expenses within our consolidated results of operations. Four Corners In July 2018, we acquired Four Corners Brewing Company LLC, which included a portfolio of high-quality, dynamic, and bicultural, Texas-based craft beers (“Four Corners”). The purchase price was primarily allocated to goodwill, property, plant, and equipment, and trademarks, plus an earn-out over five years based on the performance of the brands. The results of operations of Four Corners are reported in the Beer segment and have been included in our consolidated results of operations from the date of acquisition.

Intangible Assets

Intangible Assets	3 Months Ended
	May 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS The major components of intangible assets are as follows: May 31, 2019 February 28, 2019 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.9 $ 37.8 $ 89.9 $ 39.1 Other 20.4 0.7 20.5 0.9 Total $ 110.3 38.5 $ 110.4 40.0 Nonamortizable intangible assets Trademarks (1) 2,809.0 3,158.1 Total intangible assets $ 2,847.5 $ 3,198.1 (1) The intangible assets balance at May 31, 2019 , excludes trademarks reclassified to assets held for sale. We did not incur costs to renew or extend the term of acquired intangible assets for the three months ended May 31, 2019 , and May 31, 2018 . Net carrying amount represents the gross carrying value net of accumulated amortization.

Equity Method Invesments

Equity Method Invesments	3 Months Ended
	May 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Our equity method investments are as follows: May 31, 2019 February 28, 2019 Carrying Value Ownership Percentage Carrying Value Ownership Percentage (in millions) Canopy Equity Method Investment $ 3,279.3 35.8 % $ 3,332.1 36.0 % Other equity method investments 151.1 20%-50% 133.5 20%-50% $ 3,430.4 $ 3,465.6 In November 2017, we acquired 18.9 million common shares, which represented a 9.9% ownership interest in Ontario, Canada-based Canopy Growth Corporation (the “November 2017 Canopy Investment”), a public company and leading provider of medicinal and recreational cannabis products (“Canopy”), plus warrants which give us the option to purchase an additional 18.9 million common shares of Canopy (the “November 2017 Canopy Warrants”) for C$245.0 million , or $191.3 million . The November 2017 Canopy Warrants were issued with an exercise price of C$12.98 per warrant share and are exercisable as of May 31, 2019. These warrants expire in May 2020 . The November 2017 Canopy Investment was accounted for at fair value from the date of investment through October 31, 2018. From November 1, 2018, the November 2017 Canopy Investment has been accounted for under the equity method (see “Canopy Equity Method Investment” below). The November 2017 Canopy Warrants have been accounted for at fair value from the date of investment. On November 1, 2018, we increased our ownership interest in Canopy by acquiring an additional 104.5 million common shares (the “November 2018 Canopy Investment”) (see Canopy Equity Method Investment below), plus warrants which give us the option to purchase an additional 139.7 million common shares of Canopy (the “November 2018 Canopy Warrants”, and together with the November 2018 Canopy Investment, the “November 2018 Canopy Transaction”) for C$5,078.7 million , or $3,869.9 million . The November 2018 Canopy Warrants consist of 88.5 million warrants (the “Tranche A Warrants”) and 51.2 million warrants (the “Tranche B Warrants”). The Tranche A Warrants are immediately exercisable at an exercise price of C$50.40 per warrant share. The Tranche B Warrants are exercisable upon the exercise, in full, of the Tranche A Warrants and at an exercise price based on the volume-weighted average of the closing market price of Canopy’s common shares on the TSX for the five trading days immediately preceding the exercise date. The November 2018 Canopy Warrants expire in November 2021 and have been accounted for at fair value from the date of investment. On November 1, 2018, our ownership interest in Canopy increased to 36.6% which allows us to exercise significant influence, but not control, over Canopy. Therefore, we account for the November 2017 Canopy Investment and the November 2018 Canopy Investment, each of which represents an investment in common shares of Canopy, collectively, under the equity method (the “Canopy Equity Method Investment”). We recognize equity in earnings (losses) for this investment on a two-month lag. Accordingly, we recognized $(106.0) million of equity in earnings (losses) from Canopy’s results of operations for the period January 1, 2019, through March 31, 2019, in our consolidated financial statements for the three months ended May 31, 2019 . Equity in earnings (losses) from the Canopy Equity Method Investment and related activities include, among other items, the amortization of the fair value adjustments associated with the definite-lived intangible assets over their estimated useful lives, the flow through of inventory step-up, and unrealized gains associated with changes in our Canopy ownership percentage resulting from periodic equity issuances made by Canopy. Canopy has various convertible equity securities outstanding, including primarily equity awards granted to its employees, and options and warrants issued to various third parties, including our November 2017 Canopy Warrants and November 2018 Canopy Warrants. As of May 31, 2019 , the conversion of Canopy equity securities held by its employees and/or held by other third parties would not have a significant effect on our share of Canopy’s reported earnings or losses. Additionally, under an amended and restated investor rights agreement, we have the option to purchase additional common shares of Canopy at the then-current price of the underlying equity security to allow us to maintain our relative ownership interest. The exercise of our November 2017 Canopy Warrants as of May 31, 2019 , also would not have a significant effect on our share of Canopy’s reported earnings or losses. However, as of May 31, 2019 , the exercise of all of the November 2017 Canopy Warrants and the November 2018 Canopy Warrants held by us would result in an increase in our ownership interest in Canopy to greater than 50% and the consolidation of Canopy’s results of operations in our consolidated results of operations with the recognition of an associated noncontrolling ownership interest, as appropriate. This could have a significant effect on our share of Canopy’s reported earnings or losses. As of May 31, 2019 , the exercise of all Canopy warrants held by us would have required a cash outflow of approximately $5.6 billion based on the terms of the November 2017 Canopy Warrants and the November 2018 Canopy Warrants. Additionally, as of May 31, 2019 , the fair value of the Canopy Equity Method Investment was $4,973.1 million based on the closing price of the underlying equity security as of that date. The following table presents summarized financial information for Canopy presented in accordance with U.S. GAAP. The amounts shown represent 100% of Canopy’s results of operations from January 1, 2019, through March 31, 2019. We recognize our equity in earnings (losses) for Canopy on a two-month lag. Accordingly, we recognized our share of Canopy’s losses from January through March 2019, which was Canopy’s fourth quarter fiscal 2019 results, in our first quarter fiscal 2020 results. For the Three Months Ended May 31, 2019 2018 (in millions) Net sales $ 70.7 NA Gross profit $ 11.3 NA Net gain (loss) $ (268.9 ) NA Net gain (loss) attributable to Canopy $ (284.1 ) NA NA = Not Applicable Subsequent event In June 2019, the Canopy shareholders approved the modification of the terms of the November 2018 Canopy Warrants and certain other rights, and the other required approvals necessary for the modifications to be effective were granted. These changes are the result of Canopy’s intention to acquire Acreage Holdings, Inc. (“Acreage”) upon U.S. Federal cannabis legalization, subject to certain conditions. As a result of the modifications, we continue to have the option to purchase an additional 139.7 million common shares of Canopy upon exercise of the warrants originally received in November 2018; however, this option now consists of three tranches of warrants, including 88.5 million warrants (the “New Tranche A Warrants”), 38.4 million warrants (the “New Tranche B Warrants”), and 12.8 million warrants (the “New Tranche C Warrants”, and collectively with the New Tranche A Warrants and the New Tranche B Warrants, the “New November 2018 Canopy Warrants”). The New Tranche A Warrants have an exercise price of C$50.40 per warrant share and are currently exercisable, but now expire November 1, 2023. The New Tranche B Warrants now have an exercise price of C$76.68 per warrant share and the New Tranche C Warrants have an exercise price based on the volume-weighted average of the closing market price of Canopy’s common shares on the TSX for the five trading days immediately preceding the exercise date. The New Tranche B Warrants and the New Tranche C Warrants now have an expiration date of November 1, 2026. We are currently assessing the impact of the modification of the November 2018 Canopy Warrants and preliminarily expect to recognize a material gain for the second quarter fiscal 2020. If Canopy exercises its right to acquire the shares of Acreage and we were to exercise all of our outstanding November 2017 Canopy Warrants and the New November 2018 Canopy Warrants, our ownership interest in Canopy would no longer be expected to be greater than 50 percent.

Other Assets

Other Assets	3 Months Ended
	May 31, 2019
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) Operating lease right-of-use asset $ 575.3 $ — Other 104.7 109.7 $ 680.0 $ 109.7

Other Accrued Expenses and Liab

Other Accrued Expenses and Liabilities	3 Months Ended
	May 31, 2019
Payables and Accruals [Abstract]
OTHER ACCRUED EXPENSES AND LIABILITIES	OTHER ACCRUED EXPENSES AND LIABILITIES The major components of other accrued expenses and liabilities are as follows: May 31, February 28, (in millions) Promotions and advertising $ 182.6 $ 181.2 Salaries, commissions, and payroll benefits and withholdings 98.1 163.1 Operating lease liability 75.6 — Deferred revenue 68.2 15.0 Accrued interest 65.0 107.3 Accrued excise taxes 32.2 21.0 Other 186.7 202.8 $ 708.4 $ 690.4

Borrowings

Borrowings	3 Months Ended
	May 31, 2019
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS Borrowings consist of the following: May 31, 2019 February 28, Current Long-term Total Total (in millions) Short-term borrowings Senior credit facility, Revolving credit loan $ 55.0 $ 59.0 Commercial paper 531.4 732.5 $ 586.4 $ 791.5 Long-term debt Senior credit facility, Term loan $ 5.0 $ 486.6 $ 491.6 $ 492.8 Term loan credit facilities 50.0 1,424.1 1,474.1 1,486.4 Senior notes 998.6 9,822.1 10,820.7 10,816.9 Other 11.8 13.0 24.8 28.9 $ 1,065.4 $ 11,745.8 $ 12,811.2 $ 12,825.0 Senior credit facility The Company, CB International Finance S.à r.l., a wholly-owned subsidiary of ours (“CB International”), certain of the Company’s subsidiaries as guarantors, 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 “2018 Credit Agreement”). The 2018 Credit Agreement provides for aggregate credit facilities of $2.5 billion . Term Credit Agreement The Company, the Administrative Agent, and certain other lenders are parties to a term loan credit agreement (the “Term Credit Agreement”). The Term Credit Agreement provides for aggregate credit facilities of $1.5 billion , consisting of a $500.0 million three-year term loan facility (the “Three-Year Term Facility”) and a $1.0 billion five-year term loan facility (the “Five-Year Term Facility”). As of May 31, 2019 , aggregate credit facilities under the 2018 Credit Agreement and the Term Credit Agreement consist of the following: Amount Maturity Amount Maturity (in millions) 2018 Credit Agreement Term Credit Agreement Revolving Credit Facility (1) (2) $ 2,000.0 Sept 14, 2023 Three-Year Term Facility (1) (3) $ 500.0 Nov 1, 2021 U.S. Term A-1 Facility (1) (3) 500.0 July 14, 2024 Five-Year Term Facility (1) (3) 1,000.0 Nov 1, 2023 $ 2,500.0 $ 1,500.0 (1) Contractual interest rate varies based on our debt rating (as defined in the respective agreement) and is a function of LIBOR plus a margin, or the base rate plus a margin, or, in certain circumstances where LIBOR cannot be adequately ascertained or available, an alternative benchmark rate plus a margin. (2) We and/or CB International are the borrower under the $2,000.0 million Revolving Credit Facility. Includes a sub-facility for letters of credit of up to $200.0 million . (3) We are the borrower under the U.S. Term A-1 loan facility, the Three-Year Term Facility, and the Five-Year Term Facility. As of May 31, 2019 , information with respect to borrowings under the 2018 Credit Agreement and the Term Credit Agreement is as follows: 2018 Credit Agreement Term Credit Agreement Revolving Credit Facility U.S. Term A-1 Facility (1) Three-Year Term Facility (1) Five-Year Term Facility (1) (in millions) Outstanding borrowings $ 55.0 $ 491.6 $ 499.6 $ 974.5 Interest rate 3.6 % 4.0 % 3.6 % 3.7 % LIBOR margin 1.13 % 1.50 % 1.13 % 1.25 % Outstanding letters of credit $ 12.3 Remaining borrowing capacity (2) $ 1,400.6 (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 2018 Credit Agreement and outstanding borrowings under our commercial paper program of $532.1 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 $2.0 billion of commercial paper. Our commercial paper program is backed by unused commitments under our revolving credit facility under our 2018 Credit Agreement. Accordingly, outstanding borrowings under our commercial paper program reduce the amount available under our revolving credit facility under our 2018 Credit Agreement. As of May 31, 2019 , we had $531.4 million of outstanding borrowings, net of unamortized discount, under our commercial paper program with a weighted average annual interest rate of 2.9% and a weighted average remaining term of 17 days . Subsequent Event 2019 Term Credit Agreement In June 2019, the Company and Bank of America, N.A., as Administrative Agent and lender (the “Lender”) entered into a term loan credit agreement (the “2019 Term Credit Agreement”). The 2019 Term Credit Agreement provides for the creation of a $491.3 million five-year term loan facility (the “2019 Five-Year Term Facility”) maturing on June 28, 2024. The 2019 Five-Year Term Facility will be repaid in quarterly payments of principal equal to 1.25% of the original aggregate principal amount of the 2019 Five-Year Term Facility, with the balance due and payable at maturity. We plan to use proceeds from borrowings under the 2019 Term Credit Agreement to repay in full the U.S. Term A-1 Facility under the 2018 Credit Agreement. The obligations under the 2019 Term Credit Agreement are guaranteed by certain subsidiaries of the Company. The guarantors under the 2019 Term Credit Agreement are the same subsidiary guarantors as under the 2018 Credit Agreement. We and our subsidiaries are subject to covenants that are contained in the 2019 Term Credit Agreement, including those restricting the incurrence of additional indebtedness (including guarantees of indebtedness), additional liens, mergers and consolidations, transactions with affiliates, and sale and leaseback transactions, in each case subject to numerous conditions, exceptions and thresholds. The financial covenants are limited to a minimum interest coverage ratio and a maximum net leverage ratio.

Income Taxes

Income Taxes	3 Months Ended
	May 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our effective tax rate for the three months ended May 31, 2019 was 43.9% of tax benefit as compared with 17.3% of tax expense for the three months ended May 31, 2018 . For the three months ended May 31, 2019 , our effective tax rate was higher than the federal statutory rate of 21% primarily due to the net unrealized loss from the changes in fair value of our investments in Canopy, which has resulted in an overall net loss for the quarter. Our effective tax rate benefited from the following: • the reversal of valuation allowances for capital loss carryforwards in connection with the Wine and Spirits Transaction; • the recognition of a net income tax benefit from stock-based compensation award activity; and • lower effective tax rates applicable to our foreign businesses. For the three months ended May 31, 2018 , our effective tax rate was lower than the federal statutory rate of 21% primarily due to: • lower effective tax rates applicable to our foreign businesses; • the reversal of valuation allowances in connection with the sale of our Accolade Wine Investment (see Note 20 ); and • the recognition of a net income tax benefit from stock-based compensation award activity.

Deferred Income Taxes and Other

Deferred Income Taxes and Other Liabilities	3 Months Ended
	May 31, 2019
Other Liabilities Disclosure [Abstract]
DEFERRED INCOME TAXES AND OTHER LIABILITIES	DEFERRED INCOME TAXES AND OTHER LIABILITIES The major components of deferred income taxes and other liabilities are as follows: May 31, February 28, (in millions) Deferred income taxes $ 815.4 $ 1,029.7 Operating lease liability 527.0 — Unrecognized tax benefit liabilities 254.8 239.0 Long-term income tax payable 95.4 95.4 Other 85.2 106.6 $ 1,777.8 $ 1,470.7

Leases

Leases	3 Months Ended
	May 31, 2019
Leases [Abstract]
LEASES	LEASES General We primarily lease certain vineyards, office and production facilities, warehouses, production equipment, and vehicles. We assess service arrangements to determine if an asset is explicitly or implicitly specified in the agreement and if we have the right to control the use of the identified asset. We have concluded that certain grape purchasing arrangements associated with the purchase of grape production yielded from a specified block of a vineyard and certain third-party logistics arrangements contain a lease. The right-of-use asset is initially measured at cost, which is primarily comprised of the initial amount of the lease liability, plus initial direct costs and lease payments at or before the lease commencement date, less any lease incentives received, and is amortized on a straight-line basis over the remaining lease term. All right-of-use assets are reviewed periodically for impairment. The lease liability is initially measured at the present value of lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, our secured incremental borrowing rate. The incremental borrowing rates are determined using a portfolio approach based on publicly available information in connection with our unsecured borrowing rates adjusted for items including collateral, currency, and the timing in which lease payments are made. We elected to recognize expenses for leases with a term of 12 months or less on a straight-line basis over the lease term and not to recognize these short-term leases on the balance sheet. Our leases have varying terms with remaining lease terms of up to approximately 30 years . Certain of our lease arrangements provide us with the option to extend or to terminate the lease early. The right-of-use asset and lease liability are calculated including options to extend or to terminate the lease when we determine that it is reasonably certain that we will exercise those options. In making that determination, we consider various existing economic and market factors, business strategies as well as the nature, length, and terms of the agreement. Based on our evaluation using these factors, we concluded that the exercise of renewal options or early termination options would not be reasonably certain in determining the lease term at commencement for leases we currently have in place. Assumptions made at the commencement date are re-evaluated upon occurrence of certain events such as a lease modification. Certain of our contractual arrangements may contain both lease and non-lease components. Non-lease components are distinct elements of a contract that are not related to securing the use of the leased asset, such as raw materials, common area maintenance and other management costs. We elected to measure the lease liability by combining the lease and non-lease components as a single lease component for all asset classes. Certain of our leases include variable lease payments, including payments that depend on an index or rate, as well as variable payments for items such as raw materials, labor, property taxes, insurance, maintenance, and other operating expenses associated with leased assets. Certain grape purchasing arrangements include variable payments that will vary depending on certain factors, including weather, time of harvest, overall market conditions, and the agricultural practices and location of the vineyard. In addition, certain third-party logistics arrangements include variable payments that vary depending on throughput. Such variable lease payments are excluded from the calculation of the right-of-use asset and are recognized in the period in which the obligation is incurred. Balance sheet location A summary of lease right-of-use assets and liabilities are as follows: Balance Sheet Classification May 31, (in millions) Assets Operating lease Other assets $ 575.3 Finance lease Property, plant, and equipment 30.3 Total right-of-use assets $ 605.6 Liabilities Current: Operating lease Other accrued expenses and liabilities $ 75.6 Finance lease Current maturities of long-term debt 11.8 Non-Current: Operating lease Deferred income taxes and other liabilities 527.0 Finance lease Long-term debt, less current maturities 13.0 Total lease liabilities $ 627.4 Lease costs The components of total lease cost are as follows: For the Three Months Ended May 31, 2019 (in millions) Operating lease cost $ 23.4 Finance lease cost: Amortization of right-of-use assets 2.8 Interest on lease liabilities 0.2 Short-term lease cost 3.2 Variable lease cost 42.6 Total lease cost $ 72.2 Lease maturities (1) As of May 31, 2019 , minimum payments due for lease liabilities for the remaining nine months of fiscal 2020 and for each of the five succeeding fiscal years and thereafter are as follows: Operating Leases Finance Leases (in millions) 2020 $ 74.5 $ 9.6 2021 93.7 9.4 2022 81.0 5.1 2023 69.4 1.6 2024 63.0 — 2025 53.2 — Thereafter 310.5 — Total lease payments 745.3 25.7 Less: Interest (142.7 ) (0.9 ) Total lease liabilities $ 602.6 $ 24.8 As of May 31, 2019 , we have additional operating leases that have not yet commenced with aggregate minimum payments of approximately $5.7 million on an undiscounted basis. As of February 28, 2019 , future payments were expected to be as follows: Operating Leases (in millions) 2020 $ 59.0 2021 58.2 2022 51.1 2023 47.9 2024 41.2 Thereafter 302.1 Total lease payments $ 559.5 (1) F or leases with terms in excess of 12 months at inception. Supplemental information For the Three Months Ended May 31, 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 22.5 Operating cash flows from finance leases $ 0.2 Financing cash flows from finance leases $ 3.6 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 8.0 Finance leases $ — Weighted-average remaining lease term: Operating leases 12.0 years Finance leases 3.4 years Weighted-average discount rate: Operating leases 3.7 % Finance leases 2.7 %

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	May 31, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Common stock The number of shares of common stock issued and treasury stock, and associated share activity, are as follows: Common Stock Treasury Stock Class A Class B Class 1 Class A Class B Balance at February 28, 2019 185,740,178 28,322,419 1,149,624 18,927,966 5,005,800 Conversion of shares 133,667 (55 ) (133,612 ) — — Exercise of stock options (1) — — 2,107 (173,725 ) — Vesting of restricted stock units (2) — — — (88,683 ) — Vesting of performance share units (3) — — — (29,015 ) — Cancellation of restricted shares — — — 444 — Balance at May 31, 2019 185,873,845 28,322,364 1,018,119 18,636,987 5,005,800 Balance at February 28, 2018 258,718,356 28,335,387 1,970 90,743,239 5,005,800 Share repurchases — — — 450,508 — Conversion of shares 5,144 (5,144 ) — — — Exercise of stock options 216,946 — 5,118 — — Vesting of restricted stock units (2) — — — (20,392 ) — Vesting of performance share units (3) — — — (62,352 ) — Balance at May 31, 2018 258,940,446 28,330,243 7,088 91,111,003 5,005,800 (1) Includes use of Class A Treasury Stock associated with stock option exercises beginning March 1, 2019. (2) Net of 48,562 shares and 12,743 shares withheld for the three months ended May 31, 2019 , and May 31, 2018 , respectively, to satisfy tax withholding requirements. (3) Net of 17,439 shares and 44,016 shares withheld for the three months ended May 31, 2019 , and May 31, 2018 , respectively, to satisfy tax withholding requirements. Stock repurchases 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. As of May 31, 2019 , total shares repurchased under the 2018 Authorizations 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 $ 995.9 4,632,012

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share Attributable to CBI	3 Months Ended
	May 31, 2019
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI	NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI For the three months ended May 31, 2018 , net income (loss) 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 , net income (loss) 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. We have excluded 23,316,600 of Class B Convertible Common Stock and 3,433,414 of shares issuable under the assumed exercise of stock options using the treasury stock method from the calculation of diluted net income (loss) per share for the three months ended May 31, 2019 , as the effect of including these would have been anti-dilutive. The computation of basic and diluted net income (loss) per common share is as follows: For the Three Months Ended May 31, 2019 May 31, 2018 Common Stock Common Stock Class A Class B Class A Class B (in millions, except per share data) Net income (loss) attributable to CBI allocated – basic $ (217.7 ) $ (27.7 ) $ 660.6 $ 83.2 Conversion of Class B common shares into Class A common shares — — 83.2 — Effect of stock-based awards on allocated net income (loss) — — — (1.9 ) Net income (loss) attributable to CBI allocated – diluted $ (217.7 ) $ (27.7 ) $ 743.8 $ 81.3 Weighted average common shares outstanding – basic 168.118 23.317 168.063 23.326 Conversion of Class B common shares into Class A common shares — — 23.326 — Stock-based awards, primarily stock options — — 5.671 — Weighted average common shares outstanding – diluted 168.118 23.317 197.060 23.326 Net income (loss) per common share attributable to CBI – basic $ (1.30 ) $ (1.19 ) $ 3.93 $ 3.57 Net income (loss) per common share attributable to CBI – diluted $ (1.30 ) $ (1.19 ) $ 3.77 $ 3.48

Comprehensive Income (Loss) Att

Comprehensive Income (Loss) Attributable to CBI	3 Months Ended
	May 31, 2019
Equity [Abstract]
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CBI	COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CBI Comprehensive income (loss) consists of net income (loss), foreign currency translation adjustments, net unrealized gain (loss) on derivative instruments, net unrealized gain (loss) on available-for-sale (“AFS”) debt securities, pension/postretirement adjustments, and our share of OCI of equity method investments. The reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI is as follows: Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2019 Net income (loss) attributable to CBI $ (245.4 ) Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gain (loss) $ 18.3 $ — 18.3 Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) 18.3 — 18.3 Unrealized gain (loss) on cash flow hedges: Net derivative gain (loss) (4.4 ) 1.7 (2.7 ) Reclassification adjustments (2.3 ) (0.6 ) (2.9 ) Net gain (loss) recognized in other comprehensive income (loss) (6.7 ) 1.1 (5.6 ) Pension/postretirement adjustments: Net actuarial gain (loss) 0.1 — 0.1 Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) 0.1 — 0.1 Share of OCI of equity method investments Net gain (loss) (18.8 ) 4.4 (14.4 ) Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) (18.8 ) 4.4 (14.4 ) Other comprehensive income (loss) attributable to CBI $ (7.1 ) $ 5.5 (1.6 ) Comprehensive income (loss) attributable to CBI $ (247.0 ) For the Three Months Ended May 31, 2018 Net income (loss) attributable to CBI $ 743.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gain (loss) $ (132.3 ) $ — (132.3 ) Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) (132.3 ) — (132.3 ) Unrealized gain (loss) on cash flow hedges: Net derivative gain (loss) (59.1 ) 16.6 (42.5 ) Reclassification adjustments (4.9 ) 1.3 (3.6 ) Net gain (loss) recognized in other comprehensive income (loss) (64.0 ) 17.9 (46.1 ) Unrealized gain (loss) on AFS debt securities: Net AFS debt securities gain (loss) (0.4 ) 0.1 (0.3 ) Reclassification adjustments 1.9 0.9 2.8 Net gain (loss) recognized in other comprehensive income (loss) 1.5 1.0 2.5 Pension/postretirement adjustments: Net actuarial gain (loss) — — — Reclassification adjustments 0.3 (0.1 ) 0.2 Net gain (loss) recognized in other comprehensive income (loss) 0.3 (0.1 ) 0.2 Other comprehensive income (loss) attributable to CBI $ (194.5 ) $ 18.8 (175.7 ) Comprehensive income (loss) attributable to CBI $ 568.1 Accumulated other comprehensive income (loss), net of income tax effect, includes the following components: Foreign Currency Translation Adjustments Net Unrealized Gain (Loss) on Derivative Instruments Pension/ Postretirement Adjustments Share of OCI of Equity Method Investments Accumulated Other Comprehensive Income (Loss) (in millions) Balance, February 28, 2019 $ (406.5 ) $ 25.1 $ (2.1 ) $ 29.6 $ (353.9 ) Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 18.3 (2.7 ) 0.1 (14.4 ) 1.3 Amounts reclassified from accumulated other comprehensive income (loss) — (2.9 ) — — (2.9 ) Other comprehensive income (loss) 18.3 (5.6 ) 0.1 (14.4 ) (1.6 ) Balance, May 31, 2019 $ (388.2 ) $ 19.5 $ (2.0 ) $ 15.2 $ (355.5 )

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	May 31, 2019
Condensed Financial Information Disclosure [Abstract]
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	CONDENSED CONSOLIDATING FINANCIAL INFORMATION The following information sets forth the condensed consolidating balance sheets as of May 31, 2019 , and February 28, 2019 , the condensed consolidating statements of comprehensive income (loss) for the three months ended May 31, 2019 , and May 31, 2018 , and the condensed consolidating statements of cash flows for the three months ended May 31, 2019 , and May 31, 2018 , 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 are 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 2019 Annual Report, and include the recently adopted accounting guidance described in Note 2 and Note 15 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, 2019 Current assets: Cash and cash equivalents $ 3.8 $ 2.9 $ 92.0 $ — $ 98.7 Accounts receivable 301.6 431.6 55.1 — 788.3 Inventories 58.8 1,120.3 548.3 (233.3 ) 1,494.1 Intercompany receivable 29,531.1 34,805.7 20,653.9 (84,990.7 ) — Prepaid expenses and other 101.2 68.3 408.6 (47.2 ) 530.9 Assets held for sale - current 157.1 431.5 80.3 — 668.9 Total current assets 30,153.6 36,860.3 21,838.2 (85,271.2 ) 3,580.9 Property, plant, and equipment 60.6 629.2 4,428.2 — 5,118.0 Investments in subsidiaries 26,460.0 1,604.9 3,083.5 (31,148.4 ) — Goodwill — 5,788.6 1,967.4 — 7,756.0 Intangible assets — 343.4 2,504.1 — 2,847.5 Intercompany notes receivable 3,238.3 — 323.1 (3,561.4 ) — Equity method investments — 1.7 3,428.7 — 3,430.4 Securities measured at fair value — — 2,409.5 — 2,409.5 Deferred income taxes 66.0 — 2,203.1 (66.0 ) 2,203.1 Assets held for sale 30.7 797.6 97.4 — 925.7 Other assets 28.1 347.8 304.1 — 680.0 Total assets $ 60,037.3 $ 46,373.5 $ 42,587.3 $ (120,047.0 ) $ 28,951.1 Current liabilities: Short-term borrowings $ 531.4 $ — $ 55.0 $ — $ 586.4 Current maturities of long-term debt 1,053.6 11.5 0.3 — 1,065.4 Accounts payable 46.3 97.7 435.1 — 579.1 Intercompany payable 33,847.1 32,339.5 18,804.1 (84,990.7 ) — Other accrued expenses and liabilities 287.1 338.0 166.1 (82.8 ) 708.4 Total current liabilities 35,765.5 32,786.7 19,460.6 (85,073.5 ) 2,939.3 Long-term debt, less current maturities 11,732.8 12.6 0.4 — 11,745.8 Intercompany notes payable 323.1 2,720.7 517.6 (3,561.4 ) — Deferred income taxes and other liabilities 41.3 848.3 954.2 (66.0 ) 1,777.8 Total liabilities 47,862.7 36,368.3 20,932.8 (88,700.9 ) 16,462.9 CBI stockholders’ equity 12,174.6 10,005.2 21,340.9 (31,346.1 ) 12,174.6 Noncontrolling interests — — 313.6 — 313.6 Total stockholders’ equity 12,174.6 10,005.2 21,654.5 (31,346.1 ) 12,488.2 Total liabilities and stockholders’ equity $ 60,037.3 $ 46,373.5 $ 42,587.3 $ (120,047.0 ) $ 28,951.1 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2019 Current assets: Cash and cash equivalents $ 11.0 $ 2.6 $ 80.0 $ — $ 93.6 Accounts receivable 435.6 370.6 40.7 — 846.9 Inventories 197.7 1,485.4 609.9 (162.6 ) 2,130.4 Intercompany receivable 29,712.5 33,775.4 20,050.6 (83,538.5 ) — Prepaid expenses and other 89.9 78.1 446.7 (1.6 ) 613.1 Total current assets 30,446.7 35,712.1 21,227.9 (83,702.7 ) 3,684.0 Property, plant, and equipment 85.3 786.8 4,395.2 — 5,267.3 Investments in subsidiaries 26,533.8 1,599.6 2,982.1 (31,115.5 ) — Goodwill — 6,185.5 1,903.3 — 8,088.8 Intangible assets — 605.0 2,593.1 — 3,198.1 Intercompany notes receivable 3,218.6 — 38.6 (3,257.2 ) — Equity method investments — 1.7 3,463.9 — 3,465.6 Securities measured at fair value — — 3,234.7 — 3,234.7 Deferred income taxes 69.2 — 2,183.3 (69.2 ) 2,183.3 Other assets 17.3 1.1 91.3 — 109.7 Total assets $ 60,370.9 $ 44,891.8 $ 42,113.4 $ (118,144.6 ) $ 29,231.5 Current liabilities: Short-term borrowings $ 732.5 $ — $ 59.0 $ — $ 791.5 Current maturities of long-term debt 1,052.8 12.2 0.2 — 1,065.2 Accounts payable 59.6 141.3 415.8 — 616.7 Intercompany payable 33,787.6 31,428.9 18,322.0 (83,538.5 ) — Other accrued expenses and liabilities 374.3 184.0 156.6 (24.5 ) 690.4 Total current liabilities 36,006.8 31,766.4 18,953.6 (83,563.0 ) 3,163.8 Long-term debt, less current maturities 11,743.4 16.0 0.4 — 11,759.8 Intercompany notes payable 38.5 2,694.4 524.3 (3,257.2 ) — Deferred income taxes and other liabilities 31.2 540.5 955.9 (56.9 ) 1,470.7 Total liabilities 47,819.9 35,017.3 20,434.2 (86,877.1 ) 16,394.3 CBI stockholders’ equity 12,551.0 9,874.5 21,393.0 (31,267.5 ) 12,551.0 Noncontrolling interests — — 286.2 — 286.2 Total stockholders’ equity 12,551.0 9,874.5 21,679.2 (31,267.5 ) 12,837.2 Total liabilities and stockholders’ equity $ 60,370.9 $ 44,891.8 $ 42,113.4 $ (118,144.6 ) $ 29,231.5 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended May 31, 2019 Sales $ 629.2 $ 1,931.9 $ 1,185.9 $ (1,464.5 ) $ 2,282.5 Excise taxes (76.9 ) (105.4 ) (3.0 ) — (185.3 ) Net sales 552.3 1,826.5 1,182.9 (1,464.5 ) 2,097.2 Cost of product sold (420.6 ) (1,450.7 ) (586.1 ) 1,388.9 (1,068.5 ) Gross profit 131.7 375.8 596.8 (75.6 ) 1,028.7 Selling, general, and administrative expenses (113.1 ) (263.7 ) (33.9 ) 4.7 (406.0 ) Operating income (loss) 18.6 112.1 562.9 (70.9 ) 622.7 Equity in earnings (losses) of equity method investees and subsidiaries (139.3 ) 5.1 (1.3 ) 32.5 (103.0 ) Unrealized net gain (loss) on securities measured at fair value — — (827.5 ) — (827.5 ) Net gain (loss) on sale of unconsolidated investment — — (0.1 ) — (0.1 ) Interest income — — 4.3 — 4.3 Intercompany interest income 38.9 90.9 2.0 (131.8 ) — Interest expense (118.0 ) (0.3 ) (0.6 ) — (118.9 ) Intercompany interest expense (88.6 ) (26.4 ) (16.8 ) 131.8 — Income (loss) before income taxes (288.4 ) 181.4 (277.1 ) (38.4 ) (422.5 ) (Provision for) benefit from income taxes 43.0 (40.3 ) 169.7 13.0 185.4 Net income (loss) (245.4 ) 141.1 (107.4 ) (25.4 ) (237.1 ) Net income (loss) attributable to noncontrolling interests — — (8.3 ) — (8.3 ) Net income (loss) attributable to CBI $ (245.4 ) $ 141.1 $ (115.7 ) $ (25.4 ) $ (245.4 ) Comprehensive income (loss) attributable to CBI $ (247.0 ) $ 140.8 $ (126.3 ) $ (14.5 ) $ (247.0 ) Condensed Consolidating Statement of Comprehensive Income (Loss) 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 net gain (loss) on securities measured at fair value — — 258.3 — 258.3 Net gain (loss) 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 (loss) 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 (loss) 743.8 239.1 816.9 (1,053.5 ) 746.3 Net income (loss) attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income (loss) attributable to CBI $ 743.8 $ 239.1 $ 814.4 $ (1,053.5 ) $ 743.8 Comprehensive income (loss) attributable to CBI $ 568.1 $ 238.5 $ 638.2 $ (876.7 ) $ 568.1 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2019 Net cash provided by (used in) operating activities $ (36.8 ) $ 190.8 $ 439.1 $ — $ 593.1 Cash flows from investing activities: Purchases of property, plant, and equipment (12.6 ) (19.8 ) (123.3 ) — (155.7 ) Purchases of business, net of cash acquired — — (36.2 ) — (36.2 ) Investments in equity method investees — — (20.0 ) — (20.0 ) Net proceeds from (repayments of) intercompany notes (158.8 ) — — 158.8 — Net contributions from (investment in) equity affiliates (77.1 ) — — 77.1 — Other investing activities 0.2 — (1.8 ) — (1.6 ) Net cash provided by (used in) investing activities (248.3 ) (19.8 ) (181.3 ) 235.9 (213.5 ) Cash flows from financing activities: Dividends paid to parent company — — (13.5 ) 13.5 — Net contributions from (investment in) equity affiliates — — 90.6 (90.6 ) — Net proceeds from (repayments of) intercompany notes 625.3 (153.1 ) (313.4 ) (158.8 ) — Net proceeds from (repayments of) short-term borrowings (201.0 ) — (4.0 ) — (205.0 ) Dividends paid (143.0 ) — — — (143.0 ) Principal payments of long-term debt (13.8 ) (4.1 ) (5.0 ) — (22.9 ) Payments of minimum tax withholdings on stock-based payment awards — (13.5 ) (0.4 ) — (13.9 ) Proceeds from shares issued under equity compensation plans 10.4 — — — 10.4 Net cash provided by (used in) financing activities 277.9 (170.7 ) (245.7 ) (235.9 ) (374.4 ) Effect of exchange rate changes on cash and cash equivalents — — (0.1 ) — (0.1 ) Net increase (decrease) in cash and cash equivalents (7.2 ) 0.3 12.0 — 5.1 Cash and cash equivalents, beginning of period 11.0 2.6 80.0 — 93.6 Cash and cash equivalents, end of period $ 3.8 $ 2.9 $ 92.0 $ — $ 98.7 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 ) Purchases of business, net of cash acquired — — (0.8 ) — (0.8 ) Investments in equity method investees — — (1.5 ) — (1.5 ) Proceeds from (payments related to) sale of unconsolidated investment — — 110.2 — 110.2 Net proceeds from (repayments of) intercompany notes 265.3 80.5 1.3 (347.1 ) — Net contributions from (investment in) equity affiliates 2.1 — — (2.1 ) — Other investing activities 0.3 0.5 6.0 — 6.8 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 (investment in) equity affiliates — 6.8 8.1 (14.9 ) — Net proceeds from (repayments of) intercompany notes 132.3 (374.8 ) (104.6 ) 347.1 — Net proceeds from (repayments of) short-term borrowings (27.7 ) — (49.8 ) — (77.5 ) Dividends paid (140.5 ) — — — (140.5 ) Principal payments of long-term debt (1.2 ) (4.6 ) (0.1 ) — (5.9 ) Payments of minimum tax withholdings on stock-based payment awards — (12.3 ) (0.6 ) — (12.9 ) Proceeds from shares issued under equity compensation plans 7.6 — — — 7.6 Purchases of treasury stock (100.0 ) — — — (100.0 ) Net cash provided by (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

Business Segment Information

Business Segment Information	3 Months Ended
	May 31, 2019
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Through February 28, 2019, our internal management financial reporting consisted of two business divisions: (i) Beer and (ii) Wine and Spirits. Beginning March 1, 2019, as a result of our November 2018 Canopy Investment and a change in our chief operating decision maker (“CODM”) on March 1, 2019, we have changed our internal management financial reporting to consist of three business divisions: (i) Beer, (ii) Wine and Spirits, and (iii) Canopy. Consequently, as of May 31, 2019, we report our operating results in four segments: (i) Beer, (ii) Wine and Spirits, (iii) Corporate Operations and Other, and (iv) Canopy. The Canopy Equity Method Investment makes up the Canopy segment. 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 portfolio that includes higher-margin, higher-growth wine brands complemented by certain higher-end spirits brands. Amounts included in the Corporate Operations and Other segment consist of costs of executive management, corporate development, corporate finance, corporate growth and strategy, human resources, internal audit, investor relations, legal, public relations, and information technology, as well as our investments made through our corporate venture capital function . All costs 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 CODM’s evaluation of the operating income (loss) 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. Long-lived tangible assets and total asset information by segment is not provided to, or reviewed by, our CODM as it is not used to make strategic decisions, allocate resources, or assess performance. 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, 2019 2018 (in millions) Cost of product sold Strategic business development costs $ (44.5 ) $ — Settlements of undesignated commodity derivative contracts (30.0 ) (1.5 ) Accelerated depreciation (3.5 ) (3.4 ) Flow through of inventory step-up (0.4 ) (0.6 ) Net gain (loss) on undesignated commodity derivative contracts 15.9 15.4 Loss on inventory write-down — (1.5 ) Total cost of product sold (62.5 ) 8.4 Selling, general, and administrative expenses Restructuring and other strategic business development costs (23.6 ) (4.3 ) Transaction, integration, and other acquisition-related costs (2.3 ) — Deferred compensation — (16.3 ) Other gains (losses) (1) 13.4 — Total selling, general, and administrative expenses (12.5 ) (20.6 ) Comparable Adjustments, Operating income (loss) $ (75.0 ) $ (12.2 ) (1) Includes a gain of $11.8 million for the three months ended May 31, 2019 , in connection with the increase in our ownership interest in Nelson’s Green Brier. 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 2019 Annual Report, and include the recently adopted accounting guidance described in Note 2 and Note 15 herein. Amounts included below for the Canopy segment represent 100% of Canopy’s reported results on a two-month lag, prepared in accordance with U.S. GAAP , and converted from Canadian dollars to U.S. dollars. Although we own less than 100% of the outstanding shares of Canopy, 100% of the Canopy results are included in the information below and subsequently eliminated in order to reconcile to our consolidated financial statements . Segment information is as follows: For the Three Months Ended May 31, 2019 2018 (in millions) Beer Net sales $ 1,477.4 $ 1,375.1 Segment operating income (loss) $ 580.6 $ 520.0 Capital expenditures $ 102.1 $ 136.5 Depreciation and amortization $ 54.3 $ 49.5 Wine and Spirits Net sales: Wine $ 535.0 $ 591.8 Spirits 84.8 80.2 Net sales $ 619.8 $ 672.0 Segment operating income (loss) $ 160.8 $ 167.8 Income (loss) from unconsolidated investments $ 4.0 $ 4.8 Equity method investments $ 82.7 $ 85.0 Capital expenditures $ 26.9 $ 27.8 Depreciation and amortization $ 25.0 $ 24.4 Corporate Operations and Other Segment operating income (loss) $ (43.7 ) $ (50.2 ) Income (loss) from unconsolidated investments $ (1.1 ) $ (0.1 ) Equity method investments $ 68.4 $ 42.2 Capital expenditures $ 26.7 $ 3.9 Depreciation and amortization $ 5.3 $ 8.4 Canopy Net sales $ 70.7 NA Segment operating income (loss) $ (170.0 ) NA Capital expenditures $ 112.2 NA Depreciation and amortization $ 17.6 NA Consolidation and Eliminations Net sales $ (70.7 ) $ — Operating income (loss) $ 170.0 $ — Income (loss) from unconsolidated investments $ (54.4 ) $ — Equity method investments $ 3,279.3 $ — Capital expenditures $ (112.2 ) $ — Depreciation and amortization $ (17.6 ) $ — For the Three Months Ended May 31, 2019 2018 (in millions) Comparable Adjustments Operating income (loss) $ (75.0 ) $ (12.2 ) Income (loss) from unconsolidated investments $ (879.1 ) $ 359.7 Depreciation and amortization $ 3.5 $ 3.4 Consolidated Net sales $ 2,097.2 $ 2,047.1 Operating income (loss) $ 622.7 $ 625.4 Income (loss) from unconsolidated investments (1) $ (930.6 ) $ 364.4 Equity method investments $ 3,430.4 $ 127.2 Capital expenditures $ 155.7 $ 168.2 Depreciation and amortization $ 88.1 $ 85.7 (1) Income (loss) from unconsolidated investments consists of: For the Three Months Ended May 31, May 31, (in millions) Unrealized net gain (loss) on securities measured at fair value $ (827.5 ) $ 258.3 Net gain (loss) on sale of unconsolidated investment (i) (0.1 ) 101.4 Equity in earnings (losses) from equity method investees (103.0 ) 4.7 $ (930.6 ) $ 364.4 (i) 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 available-for-sale debt securities.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, 2019 (the “2019 Annual Report”), and include the recently adopted accounting guidance described in Note 2 and Note 15 herein. Results of operations for interim periods are not necessarily indicative of annual results.

Accounting Guidance Accountin_2

Accounting Guidance Accounting Guidance (Policies)	3 Months Ended
	May 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Leases	Recently adopted accounting guidance In February 2016, the FASB issued guidance for the accounting for leases. Under this guidance, a lessee recognizes assets and liabilities on its balance sheet for most leases. Lease expense continues to be consistent with previous guidance. Additionally, this guidance requires enhanced disclosures regarding the amount, timing, and uncertainty of cash flows arising from leasing arrangements. We adopted the guidance on March 1, 2019, using the modified retrospective approach, accordingly, prior period balances and disclosures have not been restated. We elected the package of transition practical expedients for expired or existing contracts, which retains prior conclusions regarding lease identification, classification, and initial direct costs incurred. We finalized the implementation of changes to our accounting policies, systems and controls, including a new leasing software to capture the required data for accounting and disclosure. The adoption of this guidance resulted in the recognition of operating lease right-of-use assets of $592.5 million and operating lease liabilities of $619.9 million as of March 1, 2019, and did not have a material impact on our results of operations or liquidity. For additional information on leases, refer to Note 15 .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 31, 2019
Inventory Disclosure [Abstract]
Components of inventories	Elements of cost include materials, labor, and overhead and consist of the following: May 31, 2019 (1) February 28, (in millions) Raw materials and supplies $ 172.8 $ 182.6 In-process inventories 884.7 1,480.5 Finished case goods 436.6 467.3 $ 1,494.1 $ 2,130.4 (1) The inventory balance at May 31, 2019 , excludes amounts reclassified to assets held for sale (see Note 4 ).

Wine and Spirits Transformati_2

Wine and Spirits Transformation (Tables)	3 Months Ended
	May 31, 2019
Text Block [Abstract]
Components of assets held for sale	The carrying value of assets held for sale consists of the following: May 31, (in millions) Assets Inventories $ 658.8 Prepaid expenses and other 10.1 Assets held for sale - current 668.9 Property, plant, and equipment 179.7 Goodwill 397.3 Intangible assets 347.2 Other assets 1.5 Assets held for sale 925.7 Liabilities Accounts payable 7.8 Other accrued expenses and liabilities 26.3 Deferred income taxes and other liabilities 0.1 Liabilities held for sale (1) 34.2 Net assets held for sale $ 1,560.4 (1) Liabilities held for sale are included in the Consolidated Balance Sheet as of May 31, 2019, within the respective liability line items noted above.
Components of restructuring charges	We recognized charges in connection with our ongoing efforts to gain efficiencies and reduce our cost structure within the Wine and Spirits segment as follows: Results of Operations Location For the Three Months Ended May 31, 2019 (in millions) Loss on inventory write-downs Cost of product sold $ 27.2 Contract termination costs Cost of product sold 15.8 Employee termination costs Selling, general, and administrative expenses 11.9 Other costs Selling, general, and administrative expenses 6.3 $ 61.2

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	May 31, 2019
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 $ 1,510.1 $ 1,579.3 Derivative instruments not designated as hedging instruments Foreign currency contracts $ 645.4 $ 460.3 Commodity derivative contracts $ 271.3 $ 284.7
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 6 ): 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 $ 17.0 $ 14.1 Other accrued expenses and liabilities $ 11.0 $ 8.8 Other assets $ 18.3 $ 22.1 Deferred income taxes and other liabilities $ 9.3 $ 6.3 Derivative instruments not designated as hedging instruments Foreign currency contracts: Prepaid expenses and other $ 1.2 $ 2.0 Other accrued expenses and liabilities $ 2.3 $ 0.6 Commodity derivative contracts: Prepaid expenses and other $ 3.0 $ 6.1 Other accrued expenses and liabilities $ 11.8 $ 6.1 Other assets $ 1.0 $ 2.6 Deferred income taxes and other liabilities $ 9.5 $ 5.5
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 (Loss) Net Gain (Loss) Recognized in Income (Loss) (in millions) For the Three Months Ended May 31, 2019 Commodity derivative contracts Cost of product sold $ (15.9 ) Foreign currency contracts Selling, general, and administrative expenses (3.8 ) $ (19.7 ) 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 The principal effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, as well as Other Comprehensive Income (Loss) (“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 (Loss) Net Gain (Loss) Reclassified from AOCI to Income (Loss) (in millions) For the Three Months Ended May 31, 2019 Foreign currency contracts $ (2.4 ) Sales $ — Cost of product sold 3.6 $ (2.4 ) $ 3.6 For the Three Months Ended May 31, 2018 Foreign currency contracts $ (44.9 ) Sales $ 0.1 Cost of product sold 4.1 $ (44.9 ) $ 4.2

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	May 31, 2019
Fair Value Disclosures [Abstract]
Fair value measurement inputs	The inputs used to estimate the fair value of the Canopy Debt Securities are as follows: May 31, February 28, Conversion price (1) C$ 48.17 C$ 48.17 Valuation date stock price (2) C$ 54.48 C$ 62.38 Remaining term (3) 4.1 years 4.4 years Expected volatility (4) 47.6 % 45.9 % Risk-free interest rate (5) 1.4 % 1.8 % Expected dividend yield (6) 0.0 % 0.0 % (1) Based on the rate which the Canopy Debt Securities may be converted into equity shares, or the equivalent amount of cash, at the option of the issuer. (2) Based on the closing market price for Canopy common stock on the TSX as of the applicable date. (3) Based on the contractual maturity date of the notes. (4) Based on historical volatility levels of the underlying equity security reduced to account for certain risks not incorporated into the option-pricing model. (5) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a term equal to the remaining contractual term of the debt securities. (6) Based on historical dividend levels. May 31, 2019 February 28, 2019 November 2018 Canopy Warrants November 2017 Canopy Warrants November November 2017 Canopy Warrants Issue date exercise price (1) C$ 50.40 C$ 12.98 C$ 50.40 C$ 12.98 Valuation date stock price (1) C$ 54.48 C$ 54.48 C$ 62.38 C$ 62.38 Expected life (2) 2.4 years 0.9 years 2.7 years 1.2 years Expected volatility (3) 72.7 % 76.2 % 79.3 % 87.8 % Risk-free interest rate (4) 1.4 % 1.6 % 1.8 % 1.8 % Expected dividend yield (5) 0.0 % 0.0 % 0.0 % 0.0 % (1) Based on the closing market price for Canopy common stock on the Toronto Stock Exchange (“TSX”) as of the applicable date. (2) Based on the expiration date of the warrants. (3) Based on historical volatility levels of the underlying equity security. (4) Based on the implied yield currently available on Canadian Treasury zero coupon issues with a remaining term equal to the expected life. (5) 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, 2019 Assets: Foreign currency contracts $ — $ 36.5 $ — $ 36.5 Commodity derivative contracts $ — $ 4.0 $ — $ 4.0 Equity securities (1) $ — $ 2,228.3 $ — $ 2,228.3 Canopy Debt Securities (1) $ — $ 181.2 $ — $ 181.2 Liabilities: Foreign currency contracts $ — $ 22.6 $ — $ 22.6 Commodity derivative contracts $ — $ 21.3 $ — $ 21.3 February 28, 2019 Assets: Foreign currency contracts $ — $ 38.2 $ — $ 38.2 Commodity derivative contracts $ — $ 8.7 $ — $ 8.7 Equity securities (1) $ — $ 3,023.2 $ — $ 3,023.2 Canopy Debt Securities (1) $ — $ 211.5 $ — $ 211.5 Liabilities: Foreign currency contracts $ — $ 15.7 $ — $ 15.7 Commodity derivative contracts $ — $ 11.6 $ — $ 11.6 (1) Unrealized net gain (loss) from the changes in fair value of our securities measured at fair value recognized in income (loss) from unconsolidated investments are as follows: For the Three Months Ended May 31, 2019 May 31, 2018 (in millions) November 2017 Canopy Investment (i) $ — $ 132.9 November 2017 Canopy Warrants (134.1 ) 125.4 November 2018 Canopy Warrants (660.8 ) — Canopy Debt Securities (32.6 ) — $ (827.5 ) $ 258.3 (i) Accounted for at fair value from the date of investment in November 2017 through October 31, 2018. Accounted for under the equity method from November 1, 2018. For additional information on the November 2017 Canopy Investment, refer to Note 9.

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	May 31, 2019
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, 2018 $ 5,157.6 $ 2,925.5 $ 8,083.1 Purchase accounting allocations (1) 22.3 2.7 25.0 Foreign currency translation adjustments (12.0 ) (7.3 ) (19.3 ) Balance, February 28, 2019 5,167.9 2,920.9 8,088.8 Purchase accounting allocations (2) — 72.0 72.0 Foreign currency translation adjustments (2.4 ) (5.1 ) (7.5 ) Reclassified to assets held for sale (3) — (397.3 ) (397.3 ) Balance, May 31, 2019 $ 5,165.5 $ 2,590.5 $ 7,756.0 (1) Purchase accounting allocations associated primarily with the acquisition of F our Corners (Beer). See defined acquisition term below. (2) Preliminary purchase accounting allocations associated primarily with the acquisition of Nelson’s Green Brier (Wine and Spirits). See defined acquisition term below. (3) In connection with the Wine and Spirits Transaction, goodwill associated with the business being sold was reclassified to assets held for sale based on the relative fair values of the portion of the business being sold and the remaining wine and spirits portfolio. The relative fair values were determined using the income approach based on assumptions, including projected revenue growth rates, terminal growth rate, and discount rate and other projected financial information.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	May 31, 2019
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, 2019 February 28, 2019 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.9 $ 37.8 $ 89.9 $ 39.1 Other 20.4 0.7 20.5 0.9 Total $ 110.3 38.5 $ 110.4 40.0 Nonamortizable intangible assets Trademarks (1) 2,809.0 3,158.1 Total intangible assets $ 2,847.5 $ 3,198.1 (1) The intangible assets balance at May 31, 2019 , excludes trademarks reclassified to assets held for sale.
Major components of intangible assets, Nonamortizable intangible assets	The major components of intangible assets are as follows: May 31, 2019 February 28, 2019 Gross Carrying Amount Net Carrying Amount Gross Carrying Amount Net Carrying Amount (in millions) Amortizable intangible assets Customer relationships $ 89.9 $ 37.8 $ 89.9 $ 39.1 Other 20.4 0.7 20.5 0.9 Total $ 110.3 38.5 $ 110.4 40.0 Nonamortizable intangible assets Trademarks (1) 2,809.0 3,158.1 Total intangible assets $ 2,847.5 $ 3,198.1 (1) The intangible assets balance at May 31, 2019 , excludes trademarks reclassified to assets held for sale.

Equity Method Investments (Tabl

Equity Method Investments (Tables)	3 Months Ended
	May 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	Our equity method investments are as follows: May 31, 2019 February 28, 2019 Carrying Value Ownership Percentage Carrying Value Ownership Percentage (in millions) Canopy Equity Method Investment $ 3,279.3 35.8 % $ 3,332.1 36.0 % Other equity method investments 151.1 20%-50% 133.5 20%-50% $ 3,430.4 $ 3,465.6 The following table presents summarized financial information for Canopy presented in accordance with U.S. GAAP. The amounts shown represent 100% of Canopy’s results of operations from January 1, 2019, through March 31, 2019. We recognize our equity in earnings (losses) for Canopy on a two-month lag. Accordingly, we recognized our share of Canopy’s losses from January through March 2019, which was Canopy’s fourth quarter fiscal 2019 results, in our first quarter fiscal 2020 results. For the Three Months Ended May 31, 2019 2018 (in millions) Net sales $ 70.7 NA Gross profit $ 11.3 NA Net gain (loss) $ (268.9 ) NA Net gain (loss) attributable to Canopy $ (284.1 ) NA NA = Not Applicable

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	May 31, 2019
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) Operating lease right-of-use asset $ 575.3 $ — Other 104.7 109.7 $ 680.0 $ 109.7

Other Accrued Expenses and Li_2

Other Accrued Expenses and Liabilities (Tables)	3 Months Ended
	May 31, 2019
Payables and Accruals [Abstract]
Components of accrued expense and liabilities	The major components of other accrued expenses and liabilities are as follows: May 31, February 28, (in millions) Promotions and advertising $ 182.6 $ 181.2 Salaries, commissions, and payroll benefits and withholdings 98.1 163.1 Operating lease liability 75.6 — Deferred revenue 68.2 15.0 Accrued interest 65.0 107.3 Accrued excise taxes 32.2 21.0 Other 186.7 202.8 $ 708.4 $ 690.4

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	May 31, 2019
Debt Disclosure [Abstract]
Borrowings	Borrowings consist of the following: May 31, 2019 February 28, Current Long-term Total Total (in millions) Short-term borrowings Senior credit facility, Revolving credit loan $ 55.0 $ 59.0 Commercial paper 531.4 732.5 $ 586.4 $ 791.5 Long-term debt Senior credit facility, Term loan $ 5.0 $ 486.6 $ 491.6 $ 492.8 Term loan credit facilities 50.0 1,424.1 1,474.1 1,486.4 Senior notes 998.6 9,822.1 10,820.7 10,816.9 Other 11.8 13.0 24.8 28.9 $ 1,065.4 $ 11,745.8 $ 12,811.2 $ 12,825.0 As of May 31, 2019 , aggregate credit facilities under the 2018 Credit Agreement and the Term Credit Agreement consist of the following: Amount Maturity Amount Maturity (in millions) 2018 Credit Agreement Term Credit Agreement Revolving Credit Facility (1) (2) $ 2,000.0 Sept 14, 2023 Three-Year Term Facility (1) (3) $ 500.0 Nov 1, 2021 U.S. Term A-1 Facility (1) (3) 500.0 July 14, 2024 Five-Year Term Facility (1) (3) 1,000.0 Nov 1, 2023 $ 2,500.0 $ 1,500.0 (1) Contractual interest rate varies based on our debt rating (as defined in the respective agreement) and is a function of LIBOR plus a margin, or the base rate plus a margin, or, in certain circumstances where LIBOR cannot be adequately ascertained or available, an alternative benchmark rate plus a margin. (2) We and/or CB International are the borrower under the $2,000.0 million Revolving Credit Facility. Includes a sub-facility for letters of credit of up to $200.0 million . (3) We are the borrower under the U.S. Term A-1 loan facility, the Three-Year Term Facility, and the Five-Year Term Facility. As of May 31, 2019 , information with respect to borrowings under the 2018 Credit Agreement and the Term Credit Agreement is as follows: 2018 Credit Agreement Term Credit Agreement Revolving Credit Facility U.S. Term A-1 Facility (1) Three-Year Term Facility (1) Five-Year Term Facility (1) (in millions) Outstanding borrowings $ 55.0 $ 491.6 $ 499.6 $ 974.5 Interest rate 3.6 % 4.0 % 3.6 % 3.7 % LIBOR margin 1.13 % 1.50 % 1.13 % 1.25 % Outstanding letters of credit $ 12.3 Remaining borrowing capacity (2) $ 1,400.6 (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 2018 Credit Agreement and outstanding borrowings under our commercial paper program of $532.1 million (excluding unamortized discount) (see “Commercial paper program”).

Deferred Income Taxes and Oth_2

Deferred Income Taxes and Other Liabilities (Tables)	3 Months Ended
	May 31, 2019
Other Liabilities Disclosure [Abstract]
Components of deferred income taxes and other liabilities	The major components of deferred income taxes and other liabilities are as follows: May 31, February 28, (in millions) Deferred income taxes $ 815.4 $ 1,029.7 Operating lease liability 527.0 — Unrecognized tax benefit liabilities 254.8 239.0 Long-term income tax payable 95.4 95.4 Other 85.2 106.6 $ 1,777.8 $ 1,470.7

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 31, 2019
Leases [Abstract]
Summary of lease right-of-use assets and liabilities	A summary of lease right-of-use assets and liabilities are as follows: Balance Sheet Classification May 31, (in millions) Assets Operating lease Other assets $ 575.3 Finance lease Property, plant, and equipment 30.3 Total right-of-use assets $ 605.6 Liabilities Current: Operating lease Other accrued expenses and liabilities $ 75.6 Finance lease Current maturities of long-term debt 11.8 Non-Current: Operating lease Deferred income taxes and other liabilities 527.0 Finance lease Long-term debt, less current maturities 13.0 Total lease liabilities $ 627.4
Lease cost components	The components of total lease cost are as follows: For the Three Months Ended May 31, 2019 (in millions) Operating lease cost $ 23.4 Finance lease cost: Amortization of right-of-use assets 2.8 Interest on lease liabilities 0.2 Short-term lease cost 3.2 Variable lease cost 42.6 Total lease cost $ 72.2
Operating lease maturities	As of May 31, 2019 , minimum payments due for lease liabilities for the remaining nine months of fiscal 2020 and for each of the five succeeding fiscal years and thereafter are as follows: Operating Leases Finance Leases (in millions) 2020 $ 74.5 $ 9.6 2021 93.7 9.4 2022 81.0 5.1 2023 69.4 1.6 2024 63.0 — 2025 53.2 — Thereafter 310.5 — Total lease payments 745.3 25.7 Less: Interest (142.7 ) (0.9 ) Total lease liabilities $ 602.6 $ 24.8
Finance lease maturities	As of May 31, 2019 , minimum payments due for lease liabilities for the remaining nine months of fiscal 2020 and for each of the five succeeding fiscal years and thereafter are as follows: Operating Leases Finance Leases (in millions) 2020 $ 74.5 $ 9.6 2021 93.7 9.4 2022 81.0 5.1 2023 69.4 1.6 2024 63.0 — 2025 53.2 — Thereafter 310.5 — Total lease payments 745.3 25.7 Less: Interest (142.7 ) (0.9 ) Total lease liabilities $ 602.6 $ 24.8
Future payments of noncancelable operating lease	As of February 28, 2019 , future payments were expected to be as follows: Operating Leases (in millions) 2020 $ 59.0 2021 58.2 2022 51.1 2023 47.9 2024 41.2 Thereafter 302.1 Total lease payments $ 559.5 (1) F or leases with terms in excess of 12 months at inception.
Supplemental cash flow information	Supplemental information For the Three Months Ended May 31, 2019 (in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 22.5 Operating cash flows from finance leases $ 0.2 Financing cash flows from finance leases $ 3.6 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 8.0 Finance leases $ — Weighted-average remaining lease term: Operating leases 12.0 years Finance leases 3.4 years Weighted-average discount rate: Operating leases 3.7 % Finance leases 2.7 %

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	May 31, 2019
Equity [Abstract]
Number of shares of common stock issued and treasury stock, and associated share activity	The number of shares of common stock issued and treasury stock, and associated share activity, are as follows: Common Stock Treasury Stock Class A Class B Class 1 Class A Class B Balance at February 28, 2019 185,740,178 28,322,419 1,149,624 18,927,966 5,005,800 Conversion of shares 133,667 (55 ) (133,612 ) — — Exercise of stock options (1) — — 2,107 (173,725 ) — Vesting of restricted stock units (2) — — — (88,683 ) — Vesting of performance share units (3) — — — (29,015 ) — Cancellation of restricted shares — — — 444 — Balance at May 31, 2019 185,873,845 28,322,364 1,018,119 18,636,987 5,005,800 Balance at February 28, 2018 258,718,356 28,335,387 1,970 90,743,239 5,005,800 Share repurchases — — — 450,508 — Conversion of shares 5,144 (5,144 ) — — — Exercise of stock options 216,946 — 5,118 — — Vesting of restricted stock units (2) — — — (20,392 ) — Vesting of performance share units (3) — — — (62,352 ) — Balance at May 31, 2018 258,940,446 28,330,243 7,088 91,111,003 5,005,800 (1) Includes use of Class A Treasury Stock associated with stock option exercises beginning March 1, 2019. (2) Net of 48,562 shares and 12,743 shares withheld for the three months ended May 31, 2019 , and May 31, 2018 , respectively, to satisfy tax withholding requirements. (3) Net of 17,439 shares and 44,016 shares withheld for the three months ended May 31, 2019 , and May 31, 2018 , respectively, to satisfy tax withholding requirements.
Summary of share repurchase activity	As of May 31, 2019 , total shares repurchased under the 2018 Authorizations 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 $ 995.9 4,632,012

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share Attributable to CBI (Tables)	3 Months Ended
	May 31, 2019
Earnings Per Share [Abstract]
Basic and diluted net income (loss) per common share attributable to CBI	The computation of basic and diluted net income (loss) per common share is as follows: For the Three Months Ended May 31, 2019 May 31, 2018 Common Stock Common Stock Class A Class B Class A Class B (in millions, except per share data) Net income (loss) attributable to CBI allocated – basic $ (217.7 ) $ (27.7 ) $ 660.6 $ 83.2 Conversion of Class B common shares into Class A common shares — — 83.2 — Effect of stock-based awards on allocated net income (loss) — — — (1.9 ) Net income (loss) attributable to CBI allocated – diluted $ (217.7 ) $ (27.7 ) $ 743.8 $ 81.3 Weighted average common shares outstanding – basic 168.118 23.317 168.063 23.326 Conversion of Class B common shares into Class A common shares — — 23.326 — Stock-based awards, primarily stock options — — 5.671 — Weighted average common shares outstanding – diluted 168.118 23.317 197.060 23.326 Net income (loss) per common share attributable to CBI – basic $ (1.30 ) $ (1.19 ) $ 3.93 $ 3.57 Net income (loss) per common share attributable to CBI – diluted $ (1.30 ) $ (1.19 ) $ 3.77 $ 3.48

Comprehensive Income (Loss) A_2

Comprehensive Income (Loss) Attributable to CBI (Tables)	3 Months Ended
	May 31, 2019
Equity [Abstract]
Reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI	The reconciliation of net income (loss) attributable to CBI to comprehensive income (loss) attributable to CBI is as follows: Before Tax Amount Tax (Expense) Benefit Net of Tax Amount (in millions) For the Three Months Ended May 31, 2019 Net income (loss) attributable to CBI $ (245.4 ) Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gain (loss) $ 18.3 $ — 18.3 Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) 18.3 — 18.3 Unrealized gain (loss) on cash flow hedges: Net derivative gain (loss) (4.4 ) 1.7 (2.7 ) Reclassification adjustments (2.3 ) (0.6 ) (2.9 ) Net gain (loss) recognized in other comprehensive income (loss) (6.7 ) 1.1 (5.6 ) Pension/postretirement adjustments: Net actuarial gain (loss) 0.1 — 0.1 Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) 0.1 — 0.1 Share of OCI of equity method investments Net gain (loss) (18.8 ) 4.4 (14.4 ) Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) (18.8 ) 4.4 (14.4 ) Other comprehensive income (loss) attributable to CBI $ (7.1 ) $ 5.5 (1.6 ) Comprehensive income (loss) attributable to CBI $ (247.0 ) For the Three Months Ended May 31, 2018 Net income (loss) attributable to CBI $ 743.8 Other comprehensive income (loss) attributable to CBI: Foreign currency translation adjustments: Net gain (loss) $ (132.3 ) $ — (132.3 ) Reclassification adjustments — — — Net gain (loss) recognized in other comprehensive income (loss) (132.3 ) — (132.3 ) Unrealized gain (loss) on cash flow hedges: Net derivative gain (loss) (59.1 ) 16.6 (42.5 ) Reclassification adjustments (4.9 ) 1.3 (3.6 ) Net gain (loss) recognized in other comprehensive income (loss) (64.0 ) 17.9 (46.1 ) Unrealized gain (loss) on AFS debt securities: Net AFS debt securities gain (loss) (0.4 ) 0.1 (0.3 ) Reclassification adjustments 1.9 0.9 2.8 Net gain (loss) recognized in other comprehensive income (loss) 1.5 1.0 2.5 Pension/postretirement adjustments: Net actuarial gain (loss) — — — Reclassification adjustments 0.3 (0.1 ) 0.2 Net gain (loss) recognized in other comprehensive income (loss) 0.3 (0.1 ) 0.2 Other comprehensive income (loss) attributable to CBI $ (194.5 ) $ 18.8 (175.7 ) Comprehensive income (loss) attributable to CBI $ 568.1
Accumulated other comprehensive income (loss), net of income tax effect	Accumulated other comprehensive income (loss), net of income tax effect, includes the following components: Foreign Currency Translation Adjustments Net Unrealized Gain (Loss) on Derivative Instruments Pension/ Postretirement Adjustments Share of OCI of Equity Method Investments Accumulated Other Comprehensive Income (Loss) (in millions) Balance, February 28, 2019 $ (406.5 ) $ 25.1 $ (2.1 ) $ 29.6 $ (353.9 ) Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 18.3 (2.7 ) 0.1 (14.4 ) 1.3 Amounts reclassified from accumulated other comprehensive income (loss) — (2.9 ) — — (2.9 ) Other comprehensive income (loss) 18.3 (5.6 ) 0.1 (14.4 ) (1.6 ) Balance, May 31, 2019 $ (388.2 ) $ 19.5 $ (2.0 ) $ 15.2 $ (355.5 )

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	May 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at May 31, 2019 Current assets: Cash and cash equivalents $ 3.8 $ 2.9 $ 92.0 $ — $ 98.7 Accounts receivable 301.6 431.6 55.1 — 788.3 Inventories 58.8 1,120.3 548.3 (233.3 ) 1,494.1 Intercompany receivable 29,531.1 34,805.7 20,653.9 (84,990.7 ) — Prepaid expenses and other 101.2 68.3 408.6 (47.2 ) 530.9 Assets held for sale - current 157.1 431.5 80.3 — 668.9 Total current assets 30,153.6 36,860.3 21,838.2 (85,271.2 ) 3,580.9 Property, plant, and equipment 60.6 629.2 4,428.2 — 5,118.0 Investments in subsidiaries 26,460.0 1,604.9 3,083.5 (31,148.4 ) — Goodwill — 5,788.6 1,967.4 — 7,756.0 Intangible assets — 343.4 2,504.1 — 2,847.5 Intercompany notes receivable 3,238.3 — 323.1 (3,561.4 ) — Equity method investments — 1.7 3,428.7 — 3,430.4 Securities measured at fair value — — 2,409.5 — 2,409.5 Deferred income taxes 66.0 — 2,203.1 (66.0 ) 2,203.1 Assets held for sale 30.7 797.6 97.4 — 925.7 Other assets 28.1 347.8 304.1 — 680.0 Total assets $ 60,037.3 $ 46,373.5 $ 42,587.3 $ (120,047.0 ) $ 28,951.1 Current liabilities: Short-term borrowings $ 531.4 $ — $ 55.0 $ — $ 586.4 Current maturities of long-term debt 1,053.6 11.5 0.3 — 1,065.4 Accounts payable 46.3 97.7 435.1 — 579.1 Intercompany payable 33,847.1 32,339.5 18,804.1 (84,990.7 ) — Other accrued expenses and liabilities 287.1 338.0 166.1 (82.8 ) 708.4 Total current liabilities 35,765.5 32,786.7 19,460.6 (85,073.5 ) 2,939.3 Long-term debt, less current maturities 11,732.8 12.6 0.4 — 11,745.8 Intercompany notes payable 323.1 2,720.7 517.6 (3,561.4 ) — Deferred income taxes and other liabilities 41.3 848.3 954.2 (66.0 ) 1,777.8 Total liabilities 47,862.7 36,368.3 20,932.8 (88,700.9 ) 16,462.9 CBI stockholders’ equity 12,174.6 10,005.2 21,340.9 (31,346.1 ) 12,174.6 Noncontrolling interests — — 313.6 — 313.6 Total stockholders’ equity 12,174.6 10,005.2 21,654.5 (31,346.1 ) 12,488.2 Total liabilities and stockholders’ equity $ 60,037.3 $ 46,373.5 $ 42,587.3 $ (120,047.0 ) $ 28,951.1 Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Balance Sheet at February 28, 2019 Current assets: Cash and cash equivalents $ 11.0 $ 2.6 $ 80.0 $ — $ 93.6 Accounts receivable 435.6 370.6 40.7 — 846.9 Inventories 197.7 1,485.4 609.9 (162.6 ) 2,130.4 Intercompany receivable 29,712.5 33,775.4 20,050.6 (83,538.5 ) — Prepaid expenses and other 89.9 78.1 446.7 (1.6 ) 613.1 Total current assets 30,446.7 35,712.1 21,227.9 (83,702.7 ) 3,684.0 Property, plant, and equipment 85.3 786.8 4,395.2 — 5,267.3 Investments in subsidiaries 26,533.8 1,599.6 2,982.1 (31,115.5 ) — Goodwill — 6,185.5 1,903.3 — 8,088.8 Intangible assets — 605.0 2,593.1 — 3,198.1 Intercompany notes receivable 3,218.6 — 38.6 (3,257.2 ) — Equity method investments — 1.7 3,463.9 — 3,465.6 Securities measured at fair value — — 3,234.7 — 3,234.7 Deferred income taxes 69.2 — 2,183.3 (69.2 ) 2,183.3 Other assets 17.3 1.1 91.3 — 109.7 Total assets $ 60,370.9 $ 44,891.8 $ 42,113.4 $ (118,144.6 ) $ 29,231.5 Current liabilities: Short-term borrowings $ 732.5 $ — $ 59.0 $ — $ 791.5 Current maturities of long-term debt 1,052.8 12.2 0.2 — 1,065.2 Accounts payable 59.6 141.3 415.8 — 616.7 Intercompany payable 33,787.6 31,428.9 18,322.0 (83,538.5 ) — Other accrued expenses and liabilities 374.3 184.0 156.6 (24.5 ) 690.4 Total current liabilities 36,006.8 31,766.4 18,953.6 (83,563.0 ) 3,163.8 Long-term debt, less current maturities 11,743.4 16.0 0.4 — 11,759.8 Intercompany notes payable 38.5 2,694.4 524.3 (3,257.2 ) — Deferred income taxes and other liabilities 31.2 540.5 955.9 (56.9 ) 1,470.7 Total liabilities 47,819.9 35,017.3 20,434.2 (86,877.1 ) 16,394.3 CBI stockholders’ equity 12,551.0 9,874.5 21,393.0 (31,267.5 ) 12,551.0 Noncontrolling interests — — 286.2 — 286.2 Total stockholders’ equity 12,551.0 9,874.5 21,679.2 (31,267.5 ) 12,837.2 Total liabilities and stockholders’ equity $ 60,370.9 $ 44,891.8 $ 42,113.4 $ (118,144.6 ) $ 29,231.5
Condensed Consolidating Statement of Comprehensive Income	Parent Company Subsidiary Guarantors Subsidiary Nonguarantors Eliminations Consolidated (in millions) Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended May 31, 2019 Sales $ 629.2 $ 1,931.9 $ 1,185.9 $ (1,464.5 ) $ 2,282.5 Excise taxes (76.9 ) (105.4 ) (3.0 ) — (185.3 ) Net sales 552.3 1,826.5 1,182.9 (1,464.5 ) 2,097.2 Cost of product sold (420.6 ) (1,450.7 ) (586.1 ) 1,388.9 (1,068.5 ) Gross profit 131.7 375.8 596.8 (75.6 ) 1,028.7 Selling, general, and administrative expenses (113.1 ) (263.7 ) (33.9 ) 4.7 (406.0 ) Operating income (loss) 18.6 112.1 562.9 (70.9 ) 622.7 Equity in earnings (losses) of equity method investees and subsidiaries (139.3 ) 5.1 (1.3 ) 32.5 (103.0 ) Unrealized net gain (loss) on securities measured at fair value — — (827.5 ) — (827.5 ) Net gain (loss) on sale of unconsolidated investment — — (0.1 ) — (0.1 ) Interest income — — 4.3 — 4.3 Intercompany interest income 38.9 90.9 2.0 (131.8 ) — Interest expense (118.0 ) (0.3 ) (0.6 ) — (118.9 ) Intercompany interest expense (88.6 ) (26.4 ) (16.8 ) 131.8 — Income (loss) before income taxes (288.4 ) 181.4 (277.1 ) (38.4 ) (422.5 ) (Provision for) benefit from income taxes 43.0 (40.3 ) 169.7 13.0 185.4 Net income (loss) (245.4 ) 141.1 (107.4 ) (25.4 ) (237.1 ) Net income (loss) attributable to noncontrolling interests — — (8.3 ) — (8.3 ) Net income (loss) attributable to CBI $ (245.4 ) $ 141.1 $ (115.7 ) $ (25.4 ) $ (245.4 ) Comprehensive income (loss) attributable to CBI $ (247.0 ) $ 140.8 $ (126.3 ) $ (14.5 ) $ (247.0 ) Condensed Consolidating Statement of Comprehensive Income (Loss) 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 net gain (loss) on securities measured at fair value — — 258.3 — 258.3 Net gain (loss) 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 (loss) 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 (loss) 743.8 239.1 816.9 (1,053.5 ) 746.3 Net income (loss) attributable to noncontrolling interests — — (2.5 ) — (2.5 ) Net income (loss) attributable to CBI $ 743.8 $ 239.1 $ 814.4 $ (1,053.5 ) $ 743.8 Comprehensive income (loss) attributable to CBI $ 568.1 $ 238.5 $ 638.2 $ (876.7 ) $ 568.1
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, 2019 Net cash provided by (used in) operating activities $ (36.8 ) $ 190.8 $ 439.1 $ — $ 593.1 Cash flows from investing activities: Purchases of property, plant, and equipment (12.6 ) (19.8 ) (123.3 ) — (155.7 ) Purchases of business, net of cash acquired — — (36.2 ) — (36.2 ) Investments in equity method investees — — (20.0 ) — (20.0 ) Net proceeds from (repayments of) intercompany notes (158.8 ) — — 158.8 — Net contributions from (investment in) equity affiliates (77.1 ) — — 77.1 — Other investing activities 0.2 — (1.8 ) — (1.6 ) Net cash provided by (used in) investing activities (248.3 ) (19.8 ) (181.3 ) 235.9 (213.5 ) Cash flows from financing activities: Dividends paid to parent company — — (13.5 ) 13.5 — Net contributions from (investment in) equity affiliates — — 90.6 (90.6 ) — Net proceeds from (repayments of) intercompany notes 625.3 (153.1 ) (313.4 ) (158.8 ) — Net proceeds from (repayments of) short-term borrowings (201.0 ) — (4.0 ) — (205.0 ) Dividends paid (143.0 ) — — — (143.0 ) Principal payments of long-term debt (13.8 ) (4.1 ) (5.0 ) — (22.9 ) Payments of minimum tax withholdings on stock-based payment awards — (13.5 ) (0.4 ) — (13.9 ) Proceeds from shares issued under equity compensation plans 10.4 — — — 10.4 Net cash provided by (used in) financing activities 277.9 (170.7 ) (245.7 ) (235.9 ) (374.4 ) Effect of exchange rate changes on cash and cash equivalents — — (0.1 ) — (0.1 ) Net increase (decrease) in cash and cash equivalents (7.2 ) 0.3 12.0 — 5.1 Cash and cash equivalents, beginning of period 11.0 2.6 80.0 — 93.6 Cash and cash equivalents, end of period $ 3.8 $ 2.9 $ 92.0 $ — $ 98.7 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 ) Purchases of business, net of cash acquired — — (0.8 ) — (0.8 ) Investments in equity method investees — — (1.5 ) — (1.5 ) Proceeds from (payments related to) sale of unconsolidated investment — — 110.2 — 110.2 Net proceeds from (repayments of) intercompany notes 265.3 80.5 1.3 (347.1 ) — Net contributions from (investment in) equity affiliates 2.1 — — (2.1 ) — Other investing activities 0.3 0.5 6.0 — 6.8 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 (investment in) equity affiliates — 6.8 8.1 (14.9 ) — Net proceeds from (repayments of) intercompany notes 132.3 (374.8 ) (104.6 ) 347.1 — Net proceeds from (repayments of) short-term borrowings (27.7 ) — (49.8 ) — (77.5 ) Dividends paid (140.5 ) — — — (140.5 ) Principal payments of long-term debt (1.2 ) (4.6 ) (0.1 ) — (5.9 ) Payments of minimum tax withholdings on stock-based payment awards — (12.3 ) (0.6 ) — (12.9 ) Proceeds from shares issued under equity compensation plans 7.6 — — — 7.6 Purchases of treasury stock (100.0 ) — — — (100.0 ) Net cash provided by (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

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	May 31, 2019
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, 2019 2018 (in millions) Cost of product sold Strategic business development costs $ (44.5 ) $ — Settlements of undesignated commodity derivative contracts (30.0 ) (1.5 ) Accelerated depreciation (3.5 ) (3.4 ) Flow through of inventory step-up (0.4 ) (0.6 ) Net gain (loss) on undesignated commodity derivative contracts 15.9 15.4 Loss on inventory write-down — (1.5 ) Total cost of product sold (62.5 ) 8.4 Selling, general, and administrative expenses Restructuring and other strategic business development costs (23.6 ) (4.3 ) Transaction, integration, and other acquisition-related costs (2.3 ) — Deferred compensation — (16.3 ) Other gains (losses) (1) 13.4 — Total selling, general, and administrative expenses (12.5 ) (20.6 ) Comparable Adjustments, Operating income (loss) $ (75.0 ) $ (12.2 ) (1) Includes a gain of $11.8 million for the three months ended May 31, 2019 , in connection with the increase in our ownership interest in Nelson’s Green Brier.
Segment information	Segment information is as follows: For the Three Months Ended May 31, 2019 2018 (in millions) Beer Net sales $ 1,477.4 $ 1,375.1 Segment operating income (loss) $ 580.6 $ 520.0 Capital expenditures $ 102.1 $ 136.5 Depreciation and amortization $ 54.3 $ 49.5 Wine and Spirits Net sales: Wine $ 535.0 $ 591.8 Spirits 84.8 80.2 Net sales $ 619.8 $ 672.0 Segment operating income (loss) $ 160.8 $ 167.8 Income (loss) from unconsolidated investments $ 4.0 $ 4.8 Equity method investments $ 82.7 $ 85.0 Capital expenditures $ 26.9 $ 27.8 Depreciation and amortization $ 25.0 $ 24.4 Corporate Operations and Other Segment operating income (loss) $ (43.7 ) $ (50.2 ) Income (loss) from unconsolidated investments $ (1.1 ) $ (0.1 ) Equity method investments $ 68.4 $ 42.2 Capital expenditures $ 26.7 $ 3.9 Depreciation and amortization $ 5.3 $ 8.4 Canopy Net sales $ 70.7 NA Segment operating income (loss) $ (170.0 ) NA Capital expenditures $ 112.2 NA Depreciation and amortization $ 17.6 NA Consolidation and Eliminations Net sales $ (70.7 ) $ — Operating income (loss) $ 170.0 $ — Income (loss) from unconsolidated investments $ (54.4 ) $ — Equity method investments $ 3,279.3 $ — Capital expenditures $ (112.2 ) $ — Depreciation and amortization $ (17.6 ) $ — For the Three Months Ended May 31, 2019 2018 (in millions) Comparable Adjustments Operating income (loss) $ (75.0 ) $ (12.2 ) Income (loss) from unconsolidated investments $ (879.1 ) $ 359.7 Depreciation and amortization $ 3.5 $ 3.4 Consolidated Net sales $ 2,097.2 $ 2,047.1 Operating income (loss) $ 622.7 $ 625.4 Income (loss) from unconsolidated investments (1) $ (930.6 ) $ 364.4 Equity method investments $ 3,430.4 $ 127.2 Capital expenditures $ 155.7 $ 168.2 Depreciation and amortization $ 88.1 $ 85.7 (1) Income (loss) from unconsolidated investments consists of: For the Three Months Ended May 31, May 31, (in millions) Unrealized net gain (loss) on securities measured at fair value $ (827.5 ) $ 258.3 Net gain (loss) on sale of unconsolidated investment (i) (0.1 ) 101.4 Equity in earnings (losses) from equity method investees (103.0 ) 4.7 $ (930.6 ) $ 364.4 (i) 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 available-for-sale debt securities.

Accounting Guidance (Details)

Accounting Guidance (Details) - USD ($) $ in Millions	May 31, 2019	Mar. 01, 2019	Feb. 28, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use asset	$ 575.3		$ 0
Operating lease liability	$ 602.6
Accounting Standards Update 2016-02, Leases [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use asset		$ 592.5
Operating lease liability		$ 619.9

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018	Feb. 28, 2019
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 172.8		$ 182.6
In-process inventories	884.7		1,480.5
Finished case goods	436.6		467.3
Inventories, Total	1,494.1		$ 2,130.4
Amounts purchased under related party arrangements	$ 88.5	$ 69

Wine and Spirits Transformati_3

Wine and Spirits Transformation (Details) - USD ($)	3 Months Ended
	May 31, 2019	Feb. 28, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale - current	$ 668,900,000	$ 0
Assets held for sale	925,700,000	$ 0
Operating Segments [Member] | Wine and Spirits [Member] | Wine and Spirits Transaction [Member] | Disposal Group, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories	658,800,000
Prepaid expenses and other	10,100,000
Assets held for sale - current	668,900,000
Property, plant, and equipment	179,700,000
Goodwill	397,300,000
Intangible assets	347,200,000
Other assets	1,500,000
Assets held for sale	925,700,000
Accounts payable	7,800,000
Other accrued expenses and liabilities	26,300,000
Deferred income taxes and other liabilities	100,000
Liabilities held for sale	34,200,000
Net assets held for sale	1,560,400,000
Impairment of assets	$ 0

Wine and Spirits Transformati_4

Wine and Spirits Transformation (Details 1) - Operating Segments [Member] - Wine and Spirits [Member] $ in Millions	3 Months Ended
	May 31, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 61.2
Cost of product sold [Member] | Inventory reserves [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	27.2
Cost of product sold [Member] | Contract termination costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	15.8
Selling, general, and administrative expenses [Member] | Employee termination costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	11.9
Selling, general, and administrative expenses [Member] | Other costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6.3

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 1,510.1	$ 1,579.3
Not designated as hedging instrument [Member] | Foreign currency contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	645.4	460.3
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member]
Derivative [Line Items]
Aggregate notional value of derivative instruments	$ 271.3	$ 284.7

Derivative Instruments (Detai_2

Derivative Instruments (Details 1) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
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	$ 17	$ 14.1
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other accrued expenses and liabilities
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	11	8.8
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other assets
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Assets	18.3	22.1
Designated as hedging instrument [Member] | Foreign currency contracts [Member] | Deferred income taxes and other liabilities
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	9.3	6.3
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	1.2	2
Not designated as hedging instrument [Member] | Foreign currency contracts [Member] | Other accrued expenses and liabilities
Fair value and location of our derivative instruments on our balance sheets
Foreign currency contracts, Liabilities	2.3	0.6
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Prepaid expenses and other [Member]
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Assets	3	6.1
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Other accrued expenses and liabilities
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Liabilities	11.8	6.1
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Other assets
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Assets	1	2.6
Not designated as hedging instrument [Member] | Commodity derivative contracts [Member] | Deferred income taxes and other liabilities
Fair value and location of our derivative instruments on our balance sheets
Commodity derivative contracts, Liabilities	$ 9.5	$ 5.5

Derivative Instruments (Detai_3

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Effect of our undesignated derivative instruments on our results of operations
Net Gain (Loss) Recognized in Income (Loss)	$ (19.7)	$ 13.5
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 (Loss)	(3.8)	(1.9)
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 (Loss)	(15.9)	15.4
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	(2.4)	(44.9)
Net Gain (Loss) Reclassified from AOCI to Income (Loss)	3.6	4.2
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	(2.4)	(44.9)
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 (Loss)	0	0.1
Cash flow hedging [Member] | Foreign currency contracts [Member] | Cost of product sold [Member]
Effect of our derivative instruments designated in cash flow hedging relationships on our results of operations, net of income tax effect
Net Gain (Loss) Reclassified from AOCI to Income (Loss)	$ 3.6	$ 4.1

Derivative Instruments (Detai_4

Derivative Instruments (Details Textual) $ in Millions	3 Months Ended
	May 31, 2019USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments in a net liability position due to counterparties	$ 17.2
Amount of net gains, net of income tax effect, to be reclassified from AOCI to earnings within the next 12 months	$ 12.3

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - Significant Other Observable Inputs (Level 2) [Member]	May 31, 2019$ / shares	Feb. 28, 2019$ / shares
Warrant [Member] | November 2018 Canopy Warrants [Member] | Issue date exercise price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, C$ per share	$ 50.40	$ 50.40
Warrant [Member] | November 2018 Canopy Warrants [Member] | Valuation date stock price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, C$ per share	$ 54.48	$ 62.38
Warrant [Member] | November 2018 Canopy Warrants [Member] | Expected life (in years) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, term	2 years 4 months 24 days	2 years 8 months 12 days
Warrant [Member] | November 2018 Canopy Warrants [Member] | Expected volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0.727	0.793
Warrant [Member] | November 2018 Canopy Warrants [Member] | Risk-free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0.014	0.018
Warrant [Member] | November 2018 Canopy Warrants [Member] | Expected dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0	0
Warrant [Member] | November 2017 Canopy Warrants [Member] | Issue date exercise price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, C$ per share	$ 12.98	$ 12.98
Warrant [Member] | November 2017 Canopy Warrants [Member] | Valuation date stock price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, C$ per share	$ 54.48	$ 62.38
Warrant [Member] | November 2017 Canopy Warrants [Member] | Expected life (in years) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, term	10 months 24 days	1 year 2 months 12 days
Warrant [Member] | November 2017 Canopy Warrants [Member] | Expected volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0.762	0.878
Warrant [Member] | November 2017 Canopy Warrants [Member] | Risk-free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0.016	0.018
Warrant [Member] | November 2017 Canopy Warrants [Member] | Expected dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants outstanding, measurement input, decimal	0	0
Convertible debt securities [Member] | Valuation date stock price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt instrument, measurement input, C$ per share	$ 54.48	$ 62.38
Convertible debt securities [Member] | Expected life (in years) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities, term	4 years 1 month 6 days	4 years 4 months 24 days
Convertible debt securities [Member] | Expected volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Instrument, measurement input, decimal	0.476	0.459
Convertible debt securities [Member] | Risk-free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Instrument, measurement input, decimal	0.014	0.018
Convertible debt securities [Member] | Expected dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Instrument, measurement input, decimal	0	0
Convertible debt securities [Member] | Conversion price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt instrument, measurement input, C$ per share	$ 48.17	$ 48.17

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018	Feb. 28, 2019
Fair Value, Net Asset (Liability) [Abstract]
Debt securities	$ 2,409.5		$ 3,234.7
Debt and Equity Securities, Unrealized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Unrealized net gain (loss) on securities measured at fair value	(827.5)	$ 258.3
Equity securities [Member] | November 2017 Canopy Investment [Member]
Debt and Equity Securities, Unrealized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Unrealized net gain (loss) on securities measured at fair value	0	132.9
Warrant [Member] | November 2017 Canopy Warrants [Member]
Debt and Equity Securities, Unrealized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Unrealized net gain (loss) on securities measured at fair value	(134.1)	125.4
Warrant [Member] | November 2018 Canopy Warrants [Member]
Debt and Equity Securities, Unrealized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Unrealized net gain (loss) on securities measured at fair value	(660.8)	0
Convertible debt securities [Member]
Debt and Equity Securities, Unrealized Gain (Loss), Excluding Other-than-temporary Impairment [Abstract]
Unrealized net gain (loss) on securities measured at fair value	(32.6)	$ 0
Recurring [Member] | Foreign currency contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	36.5		38.2
Derivative liability	22.6		15.7
Recurring [Member] | Commodity derivative contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	4		8.7
Derivative liability	21.3		11.6
Recurring [Member] | Equity securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Equity securities	2,228.3		3,023.2
Recurring [Member] | Convertible debt securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Debt securities	181.2		211.5
Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member] | Foreign currency contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	0		0
Derivative liability	0		0
Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member] | Commodity derivative contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	0		0
Derivative liability	0		0
Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member] | Equity securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Equity securities	0		0
Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member] | Convertible debt securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Debt securities	0		0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Foreign currency contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	36.5		38.2
Derivative liability	22.6		15.7
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commodity derivative contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	4		8.7
Derivative liability	21.3		11.6
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Equity securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Equity securities	2,228.3		3,023.2
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Convertible debt securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Debt securities	181.2		211.5
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Foreign currency contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	0		0
Derivative liability	0		0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Commodity derivative contracts [Member]
Fair Value, Net Asset (Liability) [Abstract]
Derivative asset	0		0
Derivative liability	0		0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Equity securities	0		0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Convertible debt securities [Member]
Fair Value, Net Asset (Liability) [Abstract]
Debt securities	$ 0		$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details Textual) $ in Millions, $ in Millions	Jun. 30, 2018CAD ($)	Jun. 30, 2018USD ($)	May 31, 2019USD ($)	May 31, 2018USD ($)	Feb. 28, 2019USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payments to acquire investments			$ 20	$ 1.5
Long-term debt, including current portion			12,811.2		$ 12,825
Carrying amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion			12,811.2		12,825
Fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion			$ 13,199.1		$ 12,768.5
Convertible debt securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payments to acquire investments	$ 200	$ 150.5

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	May 31, 2019	Feb. 28, 2019
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	$ 8,088.8	$ 8,083.1
Purchase accounting allocations	72	25
Foreign currency translation adjustments	(7.5)	(19.3)
Goodwill, end of period	7,756	8,088.8
Reclassified to assets held for sale	(397.3)
Operating Segments [Member] | Beer [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	5,167.9	5,157.6
Purchase accounting allocations	0	22.3
Foreign currency translation adjustments	(2.4)	(12)
Goodwill, end of period	5,165.5	5,167.9
Reclassified to assets held for sale	0
Operating Segments [Member] | Wine and Spirits [Member]
Changes in the carrying amount of goodwill [Roll Forward]
Goodwill, beginning of period	2,920.9	2,925.5
Purchase accounting allocations	72	2.7
Foreign currency translation adjustments	(5.1)	(7.3)
Goodwill, end of period	2,590.5	$ 2,920.9
Reclassified to assets held for sale	$ (397.3)

Goodwill (Details Textual)

Goodwill (Details Textual) $ in Millions	3 Months Ended
	May 31, 2019USD ($)
Goodwill [Line Items]
Preexisting equity interest	20.00%
Operating Segments [Member] | Wine and Spirits [Member]
Goodwill [Line Items]
Equity interest	75.00%
Gain on remeasurement of equity interest	$ 11.8

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	$ 110.3	$ 110.4
Amortizable intangible assets, Net Carrying Amount	38.5	40
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	2,847.5	3,198.1
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Nonamortizable intangible assets, Net Carrying Amount	2,809	3,158.1
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	89.9	89.9
Amortizable intangible assets, Net Carrying Amount	37.8	39.1
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, Gross Carrying Amount	20.4	20.5
Amortizable intangible assets, Net Carrying Amount	$ 0.7	$ 0.9

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	Feb. 28, 2019	Nov. 01, 2018	May 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 3,430.4	$ 3,465.6		$ 127.2
Canopy Equity Method Investment [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 3,279.3	$ 3,332.1
Equity method investment, ownership percentage	35.80%	36.00%	36.60%
Net sales	$ 70.7
Gross profit	11.3
Net gain (loss)	(268.9)
Net gain (loss) attributable to Canopy	(284.1)
Other equity method investments [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 151.1	$ 133.5
Other equity method investments [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	20.00%	20.00%
Other equity method investments [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%	50.00%

Equity Method Investments (De_2

Equity Method Investments (Details Textual) $ / shares in Units, shares in Millions, $ in Millions, $ in Millions	May 31, 2019USD ($)	Nov. 01, 2018CAD ($)$ / sharesshares	Nov. 01, 2018USD ($)	Nov. 30, 2017CAD ($)$ / sharesshares	Nov. 30, 2017USD ($)	May 31, 2019USD ($)	May 31, 2018USD ($)	Jun. 28, 2019$ / sharesshares	Feb. 28, 2019
Schedule of Equity Method Investments [Line Items]
Payments to acquire investments | $						$ 20	$ 1.5
Equity in earnings (losses) of equity method investees | $						(103)	$ 4.7
Canopy Equity Method Investment [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of equity method investment | $	$ 4,973.1					$ 4,973.1
Equity method investment, ownership percentage	35.80%	36.60%				35.80%			36.00%
Equity in earnings (losses) of equity method investees | $						$ (106)
November 2017 Canopy Investment [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment, ownership percentage				9.90%
Equity securities [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire investments		$ 5,078.7	$ 3,869.9	$ 245	$ 191.3
Common Stock [Member] | November 2018 Canopy Investment [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares acquired		104.5
Common Stock [Member] | November 2017 Canopy Investment [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares acquired				18.9
Warrant [Member] | Canopy Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire investments | $	$ 5,600
Warrant [Member] | November 2017 Canopy Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants				18.9
Exercise price of warrants, C$ per share | $ / shares				$ 12.98
Warrant [Member] | November 2018 Canopy Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants		139.7
Warrant [Member] | Tranche A Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants		88.5
Exercise price of warrants, C$ per share | $ / shares		$ 50.40
Warrant [Member] | Tranche B Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants		51.2
Warrant [Member] | New November 2018 Canopy Warrants [Member] | Subsequent event [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants								139.7
Warrant [Member] | New Tranche A Warrants [Member] | Subsequent event [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants								88.5
Exercise price of warrants, C$ per share | $ / shares								$ 50.40
Warrant [Member] | New Tranche B Warrants [Member] | Subsequent event [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants								38.4
Exercise price of warrants, C$ per share | $ / shares								$ 76.68
Warrant [Member] | New Tranche C Warrants [Member] | Subsequent event [Member]
Schedule of Equity Method Investments [Line Items]
Number of common shares to be acquired upon exercise of warrants								12.8

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Operating lease right-of-use asset	$ 575.3	$ 0
Other	104.7	109.7
Other assets, net	$ 680	$ 109.7

Other Accrued Expenses and Li_3

Other Accrued Expenses and Liabilities (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Payables and Accruals [Abstract]
Promotions and advertising	$ 182.6	$ 181.2
Salaries, commissions, and payroll benefits and withholdings	98.1	163.1
Operating lease liability	75.6	0
Deferred revenue	68.2	15
Accrued interest	65	107.3
Accrued excise taxes	32.2	21
Other	186.7	202.8
Other accrued expenses and liabilities, Total	$ 708.4	$ 690.4

Borrowings (Details)

Borrowings (Details) - USD ($)	May 31, 2019	Feb. 28, 2019	Sep. 30, 2018
Short-term Debt
Short-term borrowings	$ 586,400,000	$ 791,500,000
Long-term Debt
Other, Current	11,800,000
Other, Long-term	13,000,000
Other, Total	24,800,000	28,900,000
Long-term debt, Current	1,065,400,000	1,065,200,000
Long-term debt, Long-term	11,745,800,000	11,759,800,000
Long-term debt, Total	12,811,200,000	12,825,000,000
Debt instrument, face amount	2,500,000,000		$ 2,500,000,000
Unsecured debt [Member] | Senior credit facility, Term loan [Member]
Long-term Debt
Unsecured debt, Current	5,000,000
Unsecured debt, Long-term	486,600,000
Unsecured debt, Total	491,600,000	492,800,000
Unsecured debt [Member] | Term Credit Agreement [Member]
Long-term Debt
Unsecured debt, Current	50,000,000
Unsecured debt, Long-term	1,424,100,000
Unsecured debt, Total	1,474,100,000	1,486,400,000
Debt instrument, face amount	1,500,000,000		1,500,000,000
Unsecured debt [Member] | Senior notes [Member]
Long-term Debt
Unsecured debt, Current	998,600,000
Unsecured debt, Long-term	9,822,100,000
Unsecured debt, Total	10,820,700,000	10,816,900,000
Unsecured debt [Member] | U.S. Term A-1 Facility [Member]
Long-term Debt
Unsecured debt, Total	491,600,000
Debt instrument, face amount	$ 500,000,000
Interest rate	4.00%
LIBOR margin	1.50%
Unsecured debt [Member] | Three-Year Term Facility [Member]
Long-term Debt
Unsecured debt, Total	$ 499,600,000
Debt instrument, face amount	$ 500,000,000		500,000,000
Interest rate	3.60%
LIBOR margin	1.13%
Unsecured debt [Member] | Five-Year Term Facility [Member]
Long-term Debt
Unsecured debt, Total	$ 974,500,000
Debt instrument, face amount	$ 1,000,000,000		$ 1,000,000,000
Interest rate	3.70%
LIBOR margin	1.25%
Senior credit facility, Revolving credit loans [Member]
Short-term Debt
Short-term borrowings	$ 55,000,000	59,000,000
Long-term Debt
Debt instrument, face amount	$ 2,000,000,000
Interest rate	3.60%
LIBOR margin	1.13%
Remaining borrowing capacity	$ 1,400,600,000
Letters of credit [Member]
Long-term Debt
Debt instrument, face amount	200,000,000
Outstanding letters of credit	12,300,000
Commercial paper [Member]
Short-term Debt
Short-term borrowings	531,400,000	$ 732,500,000
Long-term Debt
Debt instrument, face amount	$ 532,100,000
Interest rate	2.90%

Borrowings (Details Textual)

Borrowings (Details Textual) - USD ($)	Jun. 28, 2019	May 31, 2019	Feb. 28, 2019	Oct. 31, 2018	Sep. 30, 2018
Schedule of Debt [Line Items]
Debt instrument, face amount		$ 2,500,000,000			$ 2,500,000,000
Short-term borrowings		586,400,000	$ 791,500,000
Commercial paper [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount		532,100,000
Short-term borrowings		$ 531,400,000	$ 732,500,000
Interest rate		2.90%
Commercial paper [Member] | Maximum [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount				$ 2,000,000,000
Unsecured debt [Member] | Term Credit Agreement [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount		$ 1,500,000,000			1,500,000,000
Unsecured debt [Member] | Three-Year Term Facility [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount		$ 500,000,000			500,000,000
Interest rate		3.60%
Unsecured debt [Member] | Five-Year Term Facility [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount		$ 1,000,000,000			$ 1,000,000,000
Interest rate		3.70%
Unsecured debt [Member] | 2019 Five-Year Term Facility [Member] | Subsequent event [Member]
Schedule of Debt [Line Items]
Debt instrument, face amount	$ 491,300,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	May 31, 2019	May 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	43.90%	17.30%

Deferred Income Taxes and Oth_3

Deferred Income Taxes and Other Liabilities (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Other Liabilities Disclosure [Abstract]
Deferred income taxes	$ 815.4	$ 1,029.7
Operating lease liability	527	0
Unrecognized tax benefit liabilities	254.8	239
Long-term income tax payable	95.4	95.4
Other	85.2	106.6
Deferred income taxes and other liabilities, Total	$ 1,777.8	$ 1,470.7

Leases (Details)

Leases (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019
Lessee, Lease, Description [Line Items]
Operating lease right-of-use asset	$ 575.3	$ 0
Total lease assets	605.6
Operating lease liability	75.6	0
Operating lease liability	527	$ 0
Total lease liabilities	627.4
Other assets
Lessee, Lease, Description [Line Items]
Operating lease right-of-use asset	575.3
Property, plant, and equipment
Lessee, Lease, Description [Line Items]
Finance lease assets	30.3
Other accrued expenses and liabilities
Lessee, Lease, Description [Line Items]
Operating lease liability	75.6
Current maturities of long-term debt
Lessee, Lease, Description [Line Items]
Current lease liability, finance leases	11.8
Deferred income taxes and other liabilities
Lessee, Lease, Description [Line Items]
Operating lease liability	527
Long-term debt, less current maturities
Lessee, Lease, Description [Line Items]
Long-term lease liability, finance leases	$ 13

Leases (Details 1)

Leases (Details 1) $ in Millions	3 Months Ended
	May 31, 2019USD ($)
Lease, Cost [Abstract]
Operating lease cost	$ 23.4
Finance lease cost, Amortization of leased assets	2.8
Finance lease cost, Interest on lease liabilities	0.2
Short-term lease cost	3.2
Variable lease cost	42.6
Total lease cost	$ 72.2

Leases (Details 2)

Leases (Details 2) $ in Millions	May 31, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2020	$ 74.5
2021	93.7
2022	81
2023	69.4
2024	63
2025	53.2
Thereafter	310.5
Total lease payments	745.3
Interest	(142.7)
Total lease liabilities	602.6
Finance Lease Liabilities, Payments, Due [Abstract]
2020	9.6
2021	9.4
2022	5.1
2023	1.6
2024	0
2025	0
Thereafter	0
Total lease payments	25.7
Interest	(0.9)
Total lease liabilities	$ 24.8

Leases (Details 3)

Leases (Details 3) $ in Millions	Feb. 28, 2019USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020	$ 59
2021	58.2
2022	51.1
2023	47.9
2024	41.2
Thereafter	302.1
Future payments under noncancelable operating leases, Total	$ 559.5

Leases (Details 4)

Leases (Details 4) $ in Millions	3 Months Ended
	May 31, 2019USD ($)
Leases [Abstract]
Operating cash flows included in the measurement of lease liabilities, Operating leases	$ 22.5
Operating cash flows included in the measurement of lease liabilities, Finance leases	0.2
Financing cash flows included in the measurement of lease liabilities, Finance leases	3.6
Right-of-use-assets obtained in exchange for new lease liabilities, Operating leases	8
Right-of-use-assets obtained in exchange for new lease liabilities, Finance leases	$ 0
Remaining lease term, Operating leases	12 years
Remaining lease term, Finance leases	3 years 4 months 24 days
Discount rate, Operating leases	3.70%
Discount rate, Finance leases	2.70%

Leases (Details Textual)

Leases (Details Textual) $ in Millions	May 31, 2019USD ($)
Leases [Abstract]
Remaining lease term	30 years
Operating lease not yet commenced	$ 5.7

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	3 Months Ended
	May 31, 2019	May 31, 2018
Class A Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, beginning of period	185,740,178
Treasury Stock, beginning of period	18,927,966
Common Stock, end of period	185,873,845
Treasury Stock, end of period	18,636,987
Class B Convertible Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, beginning of period	28,322,419
Treasury Stock, beginning of period	5,005,800
Common Stock, end of period	28,322,364
Treasury Stock, end of period	5,005,800
Common Stock [Member] | Class A Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, beginning of period	185,740,178	258,718,356
Conversion of shares	133,667	5,144
Exercise of stock options	0	216,946
Common Stock, end of period	185,873,845	258,940,446
Share repurchases		0
Common Stock [Member] | Class A Common Stock [Member] | Restricted stock units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class A Common Stock [Member] | Performance share units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class A Common Stock [Member] | Restricted shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cancellation of restricted shares	0
Common Stock [Member] | Class B Convertible Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, beginning of period	28,322,419	28,335,387
Conversion of shares	(55)	(5,144)
Exercise of stock options	0	0
Common Stock, end of period	28,322,364	28,330,243
Share repurchases		0
Common Stock [Member] | Class B Convertible Common Stock [Member] | Restricted stock units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class B Convertible Common Stock [Member] | Performance share units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class B Convertible Common Stock [Member] | Restricted shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cancellation of restricted shares	0
Common Stock [Member] | Class 1 Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, beginning of period	1,149,624	1,970
Conversion of shares	(133,612)	0
Exercise of stock options	2,107	5,118
Common Stock, end of period	1,018,119	7,088
Share repurchases		0
Common Stock [Member] | Class 1 Common Stock [Member] | Restricted stock units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class 1 Common Stock [Member] | Performance share units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Common Stock [Member] | Class 1 Common Stock [Member] | Restricted shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cancellation of restricted shares	0
Treasury Stock [Member] | Class A Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, beginning of period	18,927,966	90,743,239
Conversion of shares	0	0
Exercise of stock options	(173,725)	0
Treasury Stock, end of period	18,636,987	91,111,003
Share repurchases		450,508
Treasury Stock [Member] | Class A Common Stock [Member] | Restricted stock units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	(88,683)	(20,392)
Shares withheld to satisfy tax withholding requirements	48,562	12,743
Treasury Stock [Member] | Class A Common Stock [Member] | Performance share units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	(29,015)	(62,352)
Shares withheld to satisfy tax withholding requirements	17,439	44,016
Treasury Stock [Member] | Class A Common Stock [Member] | Restricted shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cancellation of restricted shares	444
Treasury Stock [Member] | Class B Convertible Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, beginning of period	5,005,800	5,005,800
Conversion of shares	0	0
Exercise of stock options	0	0
Treasury Stock, end of period	5,005,800	5,005,800
Share repurchases		0
Treasury Stock [Member] | Class B Convertible Common Stock [Member] | Restricted stock units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Treasury Stock [Member] | Class B Convertible Common Stock [Member] | Performance share units [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of stock units	0	0
Treasury Stock [Member] | Class B Convertible Common Stock [Member] | Restricted shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cancellation of restricted shares	0

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($)	May 31, 2019	May 31, 2018	Jan. 31, 2018
Equity, Class of Treasury Stock [Line Items]
Dollar Value of Shares Repurchased		$ 100,000,000
Class A and Class B [Member] | 2018 Authorization [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization			$ 3,000,000,000
Class A Common Stock [Member] | 2018 Authorization [Member]
Equity, Class of Treasury Stock [Line Items]
Dollar Value of Shares Repurchased	$ 995,900,000
Number of Shares Repurchased	4,632,012

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual)	Jan. 31, 2018USD ($)
Class A and Class B [Member] | 2018 Authorization [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase authorization	$ 3,000,000,000

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share Attributable to CBI (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Earnings per share reconciliation
Net income (loss) attributable to CBI allocated – basic	$ (245.4)	$ 743.8
Class A Common Stock [Member]
Earnings per share reconciliation
Net income (loss) attributable to CBI allocated – basic	(217.7)	660.6
Conversion of Class B common shares into Class A common shares	0	83.2
Effect of stock-based awards on allocated net income (loss)	0	0
Net income (loss) attributable to CBI allocated – diluted	$ (217.7)	$ 743.8
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	168,118	168,063
Conversion of Class B common shares into Class A common shares	0	23,326
Stock-based awards, primarily stock options	0	5,671
Weighted average common shares outstanding – diluted	168,118	197,060
Basic and diluted net income (loss) per common share attributable to CBI
Net income (loss) per common share attributable to CBI – basic	$ (1.30)	$ 3.93
Net income (loss) per common share attributable to CBI – diluted	$ (1.30)	$ 3.77
Class B Convertible Common Stock [Member]
Earnings per share reconciliation
Net income (loss) attributable to CBI allocated – basic	$ (27.7)	$ 83.2
Conversion of Class B common shares into Class A common shares	0	0
Effect of stock-based awards on allocated net income (loss)	0	(1.9)
Net income (loss) attributable to CBI allocated – diluted	$ (27.7)	$ 81.3
Weighted average number of shares outstanding reconciliation
Weighted average common shares outstanding – basic	23,317	23,326
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	23,317	23,326
Basic and diluted net income (loss) per common share attributable to CBI
Net income (loss) per common share attributable to CBI – basic	$ (1.19)	$ 3.57
Net income (loss) per common share attributable to CBI – diluted	$ (1.19)	$ 3.48

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share Attributable to CBI (Details Textual)	3 Months Ended
	May 31, 2019shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	3,433,414
Class B Convertible Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	23,316,600

Comprehensive Income (Loss) A_3

Comprehensive Income (Loss) Attributable to CBI (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss) attributable to CBI	$ (237.1)	$ 746.3
Other comprehensive income (loss) attributable to CBI
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(2.7)	(185.4)
Comprehensive income (loss) attributable to CBI	(247)	568.1
Share of other comprehensive income (loss) of equity method investments [Member]
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Before Tax Amount	(18.8)
Net gain (loss), Tax (Expense) Benefit	4.4
Net gain (loss), Net of Tax Amount	(14.4)
Reclassification adjustments, Before Tax Amount	0
Reclassification adjustments, Tax (Expense) Benefit	0
Reclassification adjustments, Net of Tax Amount	0
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	(18.8)
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	4.4
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(14.4)
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss) attributable to CBI	(245.4)	743.8
Other comprehensive income (loss) attributable to CBI
Comprehensive income (loss) attributable to CBI	(247)	568.1
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss) attributable to CBI	0	0
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Net of Tax Amount	1.3
Reclassification adjustments, Net of Tax Amount	(2.9)
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	(7.1)	(194.5)
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	5.5	18.8
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(1.6)	(175.7)
Foreign currency translation adjustments [Member]
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Before Tax Amount	18.3	(132.3)
Net gain (loss), Tax (Expense) Benefit	0	0
Net gain (loss), Net of Tax Amount	18.3	(132.3)
Reclassification adjustments, Before Tax Amount	0	0
Reclassification adjustments, Tax (Expense) Benefit	0	0
Reclassification adjustments, Net of Tax Amount	0	0
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	18.3	(132.3)
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	0	0
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	18.3	(132.3)
Net gain (loss) on derivative instruments [Member]
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Before Tax Amount	(4.4)	(59.1)
Net gain (loss), Tax (Expense) Benefit	1.7	16.6
Net gain (loss), Net of Tax Amount	(2.7)	(42.5)
Reclassification adjustments, Before Tax Amount	(2.3)	(4.9)
Reclassification adjustments, Tax (Expense) Benefit	(0.6)	1.3
Reclassification adjustments, Net of Tax Amount	(2.9)	(3.6)
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	(6.7)	(64)
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	1.1	17.9
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(5.6)	(46.1)
Net unrealized gain (loss) on AFS debt securities [Member]
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Before Tax Amount		(0.4)
Net gain (loss), Tax (Expense) Benefit		0.1
Net gain (loss), Net of Tax Amount		(0.3)
Reclassification adjustments, Before Tax Amount		1.9
Reclassification adjustments, Tax (Expense) Benefit		0.9
Reclassification adjustments, Net of Tax Amount		2.8
Other comprehensive income (loss) attributable to CBI, Before Tax Amount		1.5
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit		1
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount		2.5
Pension/ postretirement adjustments [Member]
Other comprehensive income (loss) attributable to CBI
Net gain (loss), Before Tax Amount	0.1	0
Net gain (loss), Tax (Expense) Benefit	0	0
Net gain (loss), Net of Tax Amount	0.1	0
Reclassification adjustments, Before Tax Amount	0	0.3
Reclassification adjustments, Tax (Expense) Benefit	0	(0.1)
Reclassification adjustments, Net of Tax Amount	0	0.2
Other comprehensive income (loss) attributable to CBI, Before Tax Amount	0.1	0.3
Other comprehensive income (loss) attributable to CBI, Tax (Expense) Benefit	0	(0.1)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	$ 0.1	$ 0.2

Comprehensive Income (Loss) A_4

Comprehensive Income (Loss) Attributable to CBI (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	$ 12,551
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(2.7)	$ (185.4)
Stockholders' equity, period end	12,174.6
Share of other comprehensive income (loss) of equity method investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	29.6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	(14.4)
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(14.4)
Stockholders' equity, period end	15.2
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	(353.9)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	1.3
Amounts reclassified from accumulated other comprehensive income (loss)	(2.9)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(1.6)	(175.7)
Stockholders' equity, period end	(355.5)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	(406.5)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	18.3	(132.3)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	18.3	(132.3)
Stockholders' equity, period end	(388.2)
Net gain (loss) on derivative instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	25.1
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	(2.7)	(42.5)
Amounts reclassified from accumulated other comprehensive income (loss)	(2.9)	(3.6)
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	(5.6)	(46.1)
Stockholders' equity, period end	19.5
Pension/ postretirement adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity, beginning of period	(2.1)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss) before reclassification adjustments	0.1	0
Amounts reclassified from accumulated other comprehensive income (loss)	0	0.2
Other comprehensive income (loss) attributable to CBI, Net of Tax Amount	0.1	$ 0.2
Stockholders' equity, period end	$ (2)

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 28, 2019	May 31, 2018	Feb. 28, 2018
Condensed Financial Statements, Captions [Line Items]
Percentage of parent ownership of subsidiary guarantors	100.00%
Current assets:
Cash and cash equivalents	$ 98.7	$ 93.6	$ 210	$ 90.3
Accounts receivable	788.3	846.9
Inventories	1,494.1	2,130.4
Intercompany receivable	0	0
Prepaid expenses and other	530.9	613.1
Assets held for sale - current	668.9	0
Total current assets	3,580.9	3,684
Property, plant, and equipment	5,118	5,267.3
Investments in subsidiaries	0	0
Goodwill	7,756	8,088.8		8,083.1
Intangible assets	2,847.5	3,198.1
Intercompany notes receivable	0	0
Equity method investments	3,430.4	3,465.6	127.2
Securities measured at fair value	2,409.5	3,234.7
Deferred income taxes	2,203.1	2,183.3
Assets held for sale	925.7	0
Other assets	680	109.7
Total assets	28,951.1	29,231.5
Current liabilities:
Short-term borrowings	586.4	791.5
Current maturities of long-term debt	1,065.4	1,065.2
Accounts payable	579.1	616.7
Intercompany payable	0	0
Other accrued expenses and liabilities	708.4	690.4
Total current liabilities	2,939.3	3,163.8
Long-term debt, less current maturities	11,745.8	11,759.8
Intercompany notes payable	0	0
Deferred income taxes and other liabilities	1,777.8	1,470.7
Total liabilities	16,462.9	16,394.3
CBI stockholders’ equity	12,174.6	12,551
Noncontrolling interests	313.6	286.2
Total stockholders’ equity	12,488.2	12,837.2	10,565.8	7,991.7
Total liabilities and stockholders’ equity	28,951.1	29,231.5
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable	0	0
Inventories	(233.3)	(162.6)
Intercompany receivable	(84,990.7)	(83,538.5)
Prepaid expenses and other	(47.2)	(1.6)
Assets held for sale - current	0
Total current assets	(85,271.2)	(83,702.7)
Property, plant, and equipment	0	0
Investments in subsidiaries	(31,148.4)	(31,115.5)
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	(3,561.4)	(3,257.2)
Equity method investments	0	0
Securities measured at fair value	0	0
Deferred income taxes	(66)	(69.2)
Assets held for sale	0
Other assets	0	0
Total assets	(120,047)	(118,144.6)
Current liabilities:
Short-term borrowings	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	0
Intercompany payable	(84,990.7)	(83,538.5)
Other accrued expenses and liabilities	(82.8)	(24.5)
Total current liabilities	(85,073.5)	(83,563)
Long-term debt, less current maturities	0	0
Intercompany notes payable	(3,561.4)	(3,257.2)
Deferred income taxes and other liabilities	(66)	(56.9)
Total liabilities	(88,700.9)	(86,877.1)
CBI stockholders’ equity	(31,346.1)	(31,267.5)
Noncontrolling interests	0	0
Total stockholders’ equity	(31,346.1)	(31,267.5)
Total liabilities and stockholders’ equity	(120,047)	(118,144.6)
Parent Company [Member]
Current assets:
Cash and cash equivalents	3.8	11	5.3	4.6
Accounts receivable	301.6	435.6
Inventories	58.8	197.7
Intercompany receivable	29,531.1	29,712.5
Prepaid expenses and other	101.2	89.9
Assets held for sale - current	157.1
Total current assets	30,153.6	30,446.7
Property, plant, and equipment	60.6	85.3
Investments in subsidiaries	26,460	26,533.8
Goodwill	0	0
Intangible assets	0	0
Intercompany notes receivable	3,238.3	3,218.6
Equity method investments	0	0
Securities measured at fair value	0	0
Deferred income taxes	66	69.2
Assets held for sale	30.7
Other assets	28.1	17.3
Total assets	60,037.3	60,370.9
Current liabilities:
Short-term borrowings	531.4	732.5
Current maturities of long-term debt	1,053.6	1,052.8
Accounts payable	46.3	59.6
Intercompany payable	33,847.1	33,787.6
Other accrued expenses and liabilities	287.1	374.3
Total current liabilities	35,765.5	36,006.8
Long-term debt, less current maturities	11,732.8	11,743.4
Intercompany notes payable	323.1	38.5
Deferred income taxes and other liabilities	41.3	31.2
Total liabilities	47,862.7	47,819.9
CBI stockholders’ equity	12,174.6	12,551
Noncontrolling interests	0	0
Total stockholders’ equity	12,174.6	12,551
Total liabilities and stockholders’ equity	60,037.3	60,370.9
Subsidiary Guarantors [Member]
Current assets:
Cash and cash equivalents	2.9	2.6	2.8	4.4
Accounts receivable	431.6	370.6
Inventories	1,120.3	1,485.4
Intercompany receivable	34,805.7	33,775.4
Prepaid expenses and other	68.3	78.1
Assets held for sale - current	431.5
Total current assets	36,860.3	35,712.1
Property, plant, and equipment	629.2	786.8
Investments in subsidiaries	1,604.9	1,599.6
Goodwill	5,788.6	6,185.5
Intangible assets	343.4	605
Intercompany notes receivable	0	0
Equity method investments	1.7	1.7
Securities measured at fair value	0	0
Deferred income taxes	0	0
Assets held for sale	797.6
Other assets	347.8	1.1
Total assets	46,373.5	44,891.8
Current liabilities:
Short-term borrowings	0	0
Current maturities of long-term debt	11.5	12.2
Accounts payable	97.7	141.3
Intercompany payable	32,339.5	31,428.9
Other accrued expenses and liabilities	338	184
Total current liabilities	32,786.7	31,766.4
Long-term debt, less current maturities	12.6	16
Intercompany notes payable	2,720.7	2,694.4
Deferred income taxes and other liabilities	848.3	540.5
Total liabilities	36,368.3	35,017.3
CBI stockholders’ equity	10,005.2	9,874.5
Noncontrolling interests	0	0
Total stockholders’ equity	10,005.2	9,874.5
Total liabilities and stockholders’ equity	46,373.5	44,891.8
Subsidiary Nonguarantors [Member]
Current assets:
Cash and cash equivalents	92	80	$ 201.9	$ 81.3
Accounts receivable	55.1	40.7
Inventories	548.3	609.9
Intercompany receivable	20,653.9	20,050.6
Prepaid expenses and other	408.6	446.7
Assets held for sale - current	80.3
Total current assets	21,838.2	21,227.9
Property, plant, and equipment	4,428.2	4,395.2
Investments in subsidiaries	3,083.5	2,982.1
Goodwill	1,967.4	1,903.3
Intangible assets	2,504.1	2,593.1
Intercompany notes receivable	323.1	38.6
Equity method investments	3,428.7	3,463.9
Securities measured at fair value	2,409.5	3,234.7
Deferred income taxes	2,203.1	2,183.3
Assets held for sale	97.4
Other assets	304.1	91.3
Total assets	42,587.3	42,113.4
Current liabilities:
Short-term borrowings	55	59
Current maturities of long-term debt	0.3	0.2
Accounts payable	435.1	415.8
Intercompany payable	18,804.1	18,322
Other accrued expenses and liabilities	166.1	156.6
Total current liabilities	19,460.6	18,953.6
Long-term debt, less current maturities	0.4	0.4
Intercompany notes payable	517.6	524.3
Deferred income taxes and other liabilities	954.2	955.9
Total liabilities	20,932.8	20,434.2
CBI stockholders’ equity	21,340.9	21,393
Noncontrolling interests	313.6	286.2
Total stockholders’ equity	21,654.5	21,679.2
Total liabilities and stockholders’ equity	$ 42,587.3	$ 42,113.4

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information (Details 1) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Condensed Consolidating Statement of Comprehensive Income
Sales	$ 2,282.5	$ 2,230
Excise taxes	(185.3)	(182.9)
Net sales	2,097.2	2,047.1
Cost of product sold	(1,068.5)	(998.5)
Gross profit	1,028.7	1,048.6
Selling, general, and administrative expenses	(406)	(423.2)
Operating income (loss)	622.7	625.4
Equity in earnings (losses) of equity method investees and subsidiaries	(103)	4.7
Unrealized net gain (loss) on securities measured at fair value	(827.5)	258.3
Net gain (loss) on sale of unconsolidated investment	(0.1)	101.4
Interest income	4.3	0.4
Intercompany interest income	0	0
Interest expense	(118.9)	(88.2)
Intercompany interest expense	0	0
Income (loss) before income taxes	(422.5)	902
(Provision for) benefit from income taxes	185.4	(155.7)
Net income (loss)	(237.1)	746.3
Net income (loss) attributable to noncontrolling interests	(8.3)	(2.5)
Net income (loss) attributable to CBI	(245.4)	743.8
Comprehensive income (loss) attributable to CBI	(247)	568.1
Eliminations [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	(1,464.5)	(1,341.4)
Excise taxes	0	0
Net sales	(1,464.5)	(1,341.4)
Cost of product sold	1,388.9	1,308.7
Gross profit	(75.6)	(32.7)
Selling, general, and administrative expenses	4.7	6.3
Operating income (loss)	(70.9)	(26.4)
Equity in earnings (losses) of equity method investees and subsidiaries	32.5	(1,040.6)
Unrealized net gain (loss) on securities measured at fair value	0	0
Net gain (loss) on sale of unconsolidated investment	0	0
Interest income	0	0
Intercompany interest income	(131.8)	(227.3)
Interest expense	0	0
Intercompany interest expense	131.8	227.3
Income (loss) before income taxes	(38.4)	(1,067)
(Provision for) benefit from income taxes	13	13.5
Net income (loss)	(25.4)	(1,053.5)
Net income (loss) attributable to noncontrolling interests	0	0
Net income (loss) attributable to CBI	(25.4)	(1,053.5)
Comprehensive income (loss) attributable to CBI	(14.5)	(876.7)
Parent Company [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	629.2	682.6
Excise taxes	(76.9)	(78.8)
Net sales	552.3	603.8
Cost of product sold	(420.6)	(486.8)
Gross profit	131.7	117
Selling, general, and administrative expenses	(113.1)	(141.3)
Operating income (loss)	18.6	(24.3)
Equity in earnings (losses) of equity method investees and subsidiaries	(139.3)	910.6
Unrealized net gain (loss) on securities measured at fair value	0	0
Net gain (loss) on sale of unconsolidated investment	0	0
Interest income	0	0
Intercompany interest income	38.9	67.6
Interest expense	(118)	(80.3)
Intercompany interest expense	(88.6)	(133.6)
Income (loss) before income taxes	(288.4)	740
(Provision for) benefit from income taxes	43	3.8
Net income (loss)	(245.4)	743.8
Net income (loss) attributable to noncontrolling interests	0	0
Net income (loss) attributable to CBI	(245.4)	743.8
Comprehensive income (loss) attributable to CBI	(247)	568.1
Subsidiary Guarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	1,931.9	1,881.2
Excise taxes	(105.4)	(100.9)
Net sales	1,826.5	1,780.3
Cost of product sold	(1,450.7)	(1,322.1)
Gross profit	375.8	458.2
Selling, general, and administrative expenses	(263.7)	(238.7)
Operating income (loss)	112.1	219.5
Equity in earnings (losses) of equity method investees and subsidiaries	5.1	(12.5)
Unrealized net gain (loss) on securities measured at fair value	0	0
Net gain (loss) on sale of unconsolidated investment	0	0
Interest income	0	0
Intercompany interest income	90.9	158.8
Interest expense	(0.3)	(0.3)
Intercompany interest expense	(26.4)	(49.5)
Income (loss) before income taxes	181.4	316
(Provision for) benefit from income taxes	(40.3)	(76.9)
Net income (loss)	141.1	239.1
Net income (loss) attributable to noncontrolling interests	0	0
Net income (loss) attributable to CBI	141.1	239.1
Comprehensive income (loss) attributable to CBI	140.8	238.5
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales	1,185.9	1,007.6
Excise taxes	(3)	(3.2)
Net sales	1,182.9	1,004.4
Cost of product sold	(586.1)	(498.3)
Gross profit	596.8	506.1
Selling, general, and administrative expenses	(33.9)	(49.5)
Operating income (loss)	562.9	456.6
Equity in earnings (losses) of equity method investees and subsidiaries	(1.3)	147.2
Unrealized net gain (loss) on securities measured at fair value	(827.5)	258.3
Net gain (loss) on sale of unconsolidated investment	(0.1)	101.4
Interest income	4.3	0.4
Intercompany interest income	2	0.9
Interest expense	(0.6)	(7.6)
Intercompany interest expense	(16.8)	(44.2)
Income (loss) before income taxes	(277.1)	913
(Provision for) benefit from income taxes	169.7	(96.1)
Net income (loss)	(107.4)	816.9
Net income (loss) attributable to noncontrolling interests	(8.3)	(2.5)
Net income (loss) attributable to CBI	(115.7)	814.4
Comprehensive income (loss) attributable to CBI	$ (126.3)	$ 638.2

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information (Details 2) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 593.1	$ 504
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment	(155.7)	(168.2)
Purchase of business, net of cash acquired	(36.2)	(0.8)
Investments in equity method investees	(20)	(1.5)
Net proceeds from (repayments of) intercompany notes	0	0
Net contributions from (investment in) equity affiliates	0	0
Other investing activities	(1.6)	6.8
Net cash provided by (used in) investing activities	(213.5)	(53.5)
Proceeds from (payments related to) sale of unconsolidated investment	0	110.2
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to parent company	0	0
Net contributions from (investment in) equity affiliates	0	0
Net proceeds from (repayments of) intercompany notes	0	0
Net proceeds from (repayments of) short-term borrowings	(205)	(77.5)
Dividends paid	(143)	(140.5)
Principal payments of long-term debt	(22.9)	(5.9)
Payments of minimum tax withholdings on stock-based payment awards	(13.9)	(12.9)
Proceeds from shares issued under equity compensation plans	10.4	7.6
Net cash provided by (used in) financing activities	(374.4)	(329.2)
Purchases of treasury stock	0	(100)
Effect of exchange rate changes on cash and cash equivalents	(0.1)	(1.6)
Net increase (decrease) in cash and cash equivalents	5.1	119.7
Cash and cash equivalents, beginning of period	93.6	90.3
Cash and cash equivalents, end of period	98.7	210
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
Purchase of business, net of cash acquired	0	0
Investments in equity method investees	0	0
Net proceeds from (repayments of) intercompany notes	158.8	(347.1)
Net contributions from (investment in) equity affiliates	77.1	(2.1)
Other investing activities	0	0
Net cash provided by (used in) investing activities	235.9	(349.2)
Proceeds from (payments related to) sale of unconsolidated investment		0
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to parent company	13.5	17
Net contributions from (investment in) equity affiliates	(90.6)	(14.9)
Net proceeds from (repayments of) intercompany notes	(158.8)	347.1
Net proceeds from (repayments of) short-term borrowings	0	0
Dividends paid	0	0
Principal payments of long-term debt	0	0
Payments of minimum tax withholdings on stock-based payment awards	0	0
Proceeds from shares issued under equity compensation plans	0	0
Net cash provided by (used in) financing activities	(235.9)	349.2
Purchases of treasury stock		0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) 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	(36.8)	(133.6)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment	(12.6)	(3.9)
Purchase of business, net of cash acquired	0	0
Investments in equity method investees	0	0
Net proceeds from (repayments of) intercompany notes	(158.8)	265.3
Net contributions from (investment in) equity affiliates	(77.1)	2.1
Other investing activities	0.2	0.3
Net cash provided by (used in) investing activities	(248.3)	263.8
Proceeds from (payments related to) sale of unconsolidated investment		0
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to parent company	0	0
Net contributions from (investment in) equity affiliates	0	0
Net proceeds from (repayments of) intercompany notes	625.3	132.3
Net proceeds from (repayments of) short-term borrowings	(201)	(27.7)
Dividends paid	(143)	(140.5)
Principal payments of long-term debt	(13.8)	(1.2)
Payments of minimum tax withholdings on stock-based payment awards	0	0
Proceeds from shares issued under equity compensation plans	10.4	7.6
Net cash provided by (used in) financing activities	277.9	(129.5)
Purchases of treasury stock		(100)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(7.2)	0.7
Cash and cash equivalents, beginning of period	11	4.6
Cash and cash equivalents, end of period	3.8	5.3
Subsidiaries Guarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	190.8	329.1
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment	(19.8)	(26.8)
Purchase of business, net of cash acquired	0	0
Investments in equity method investees	0	0
Net proceeds from (repayments of) intercompany notes	0	80.5
Net contributions from (investment in) equity affiliates	0	0
Other investing activities	0	0.5
Net cash provided by (used in) investing activities	(19.8)	54.2
Proceeds from (payments related to) sale of unconsolidated investment		0
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to parent company	0	0
Net contributions from (investment in) equity affiliates	0	6.8
Net proceeds from (repayments of) intercompany notes	(153.1)	(374.8)
Net proceeds from (repayments of) short-term borrowings	0	0
Dividends paid	0	0
Principal payments of long-term debt	(4.1)	(4.6)
Payments of minimum tax withholdings on stock-based payment awards	(13.5)	(12.3)
Proceeds from shares issued under equity compensation plans	0	0
Net cash provided by (used in) financing activities	(170.7)	(384.9)
Purchases of treasury stock		0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0.3	(1.6)
Cash and cash equivalents, beginning of period	2.6	4.4
Cash and cash equivalents, end of period	2.9	2.8
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	439.1	308.5
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment	(123.3)	(137.5)
Purchase of business, net of cash acquired	(36.2)	(0.8)
Investments in equity method investees	(20)	(1.5)
Net proceeds from (repayments of) intercompany notes	0	1.3
Net contributions from (investment in) equity affiliates	0	0
Other investing activities	(1.8)	6
Net cash provided by (used in) investing activities	(181.3)	(22.3)
Proceeds from (payments related to) sale of unconsolidated investment		110.2
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to parent company	(13.5)	(17)
Net contributions from (investment in) equity affiliates	90.6	8.1
Net proceeds from (repayments of) intercompany notes	(313.4)	(104.6)
Net proceeds from (repayments of) short-term borrowings	(4)	(49.8)
Dividends paid	0	0
Principal payments of long-term debt	(5)	(0.1)
Payments of minimum tax withholdings on stock-based payment awards	(0.4)	(0.6)
Proceeds from shares issued under equity compensation plans	0	0
Net cash provided by (used in) financing activities	(245.7)	(164)
Purchases of treasury stock		0
Effect of exchange rate changes on cash and cash equivalents	(0.1)	(1.6)
Net increase (decrease) in cash and cash equivalents	12	120.6
Cash and cash equivalents, beginning of period	80	81.3
Cash and cash equivalents, end of period	$ 92	$ 201.9

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	May 31, 2019	May 31, 2018
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts	$ (19.7)	$ 13.5
Total cost of product sold	(1,068.5)	(998.5)
Selling, general, and administrative expenses
Total selling, general, and administrative expenses	(406)	(423.2)
Comparable Adjustments [Member]
Cost of product sold
Strategic business development costs	(44.5)	0
Accelerated depreciation	(3.5)	(3.4)
Flow through of inventory step-up	(0.4)	(0.6)
Loss on inventory write-down	0	(1.5)
Total cost of product sold	(62.5)	8.4
Selling, general, and administrative expenses
Restructuring and other strategic business development costs	(23.6)	(4.3)
Transaction, integration, and other acquisition-related costs	(2.3)	0
Deferred compensation	0	(16.3)
Other gains (losses)	13.4	0
Total selling, general, and administrative expenses	(12.5)	(20.6)
Comparable Adjustments, Operating income (loss)	(75)	(12.2)
Comparable Adjustments [Member] | Commodity derivative contracts [Member]
Cost of product sold
Settlements of undesignated commodity derivative contracts	(30)	(1.5)
Net gain (loss) on undesignated commodity derivative contracts	15.9	$ 15.4
Operating Segments [Member] | Wine and Spirits [Member]
Selling, general, and administrative expenses
Restructuring and other strategic business development costs	(61.2)
Gain on remeasurement of equity interest	$ 11.8

Business Segment Information _2

Business Segment Information (Details 1) $ in Millions, $ in Millions	3 Months Ended
	May 31, 2019USD ($)	May 31, 2018USD ($)	Feb. 28, 2019USD ($)	May 31, 2018AUD ($)
Segment Reporting Information [Line Items]
Net sales	$ 2,097.2	$ 2,047.1
Operating income (loss)	622.7	625.4
Capital expenditures	155.7	168.2
Depreciation and amortization	88.1	85.7
Income (loss) from unconsolidated investments	(930.6)	364.4
Equity method investments	3,430.4	127.2	$ 3,465.6
Gain (Loss) on Investments, Excluding Other than Temporary Impairments [Abstract]
Unrealized net gain (loss) on securities measured at fair value	(827.5)	258.3
Net gain (loss) on sale of unconsolidated investment	(0.1)	101.4
Equity in earnings (losses) of equity method investees	(103)	4.7
Income (loss) from unconsolidated investments	(930.6)	364.4
Transaction value of sale of Accolade Wine Investment		113.6		$ 149.1
Proceeds from sale of unconsolidated investment	0	110.2
Note receivable		3.4
Operating Segments [Member] | Beer [Member]
Segment Reporting Information [Line Items]
Net sales	1,477.4	1,375.1
Operating income (loss)	580.6	520
Capital expenditures	102.1	136.5
Depreciation and amortization	54.3	49.5
Operating Segments [Member] | Wine and Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	619.8	672
Operating income (loss)	160.8	167.8
Capital expenditures	26.9	27.8
Depreciation and amortization	25	24.4
Income (loss) from unconsolidated investments	4	4.8
Equity method investments	82.7	85
Gain (Loss) on Investments, Excluding Other than Temporary Impairments [Abstract]
Income (loss) from unconsolidated investments	4	4.8
Operating Segments [Member] | Wine and Spirits [Member] | Wine [Member]
Segment Reporting Information [Line Items]
Net sales	535	591.8
Operating Segments [Member] | Wine and Spirits [Member] | Spirits [Member]
Segment Reporting Information [Line Items]
Net sales	84.8	80.2
Operating Segments [Member] | Corporate Operations and Other [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(43.7)	(50.2)
Capital expenditures	26.7	3.9
Depreciation and amortization	5.3	8.4
Income (loss) from unconsolidated investments	(1.1)	(0.1)
Equity method investments	68.4	42.2
Gain (Loss) on Investments, Excluding Other than Temporary Impairments [Abstract]
Income (loss) from unconsolidated investments	(1.1)	(0.1)
Operating Segments [Member] | Canopy [Member]
Segment Reporting Information [Line Items]
Net sales	70.7
Operating income (loss)	(170)
Capital expenditures	112.2
Depreciation and amortization	17.6
Consolidation and Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(70.7)	0
Operating income (loss)	170	0
Capital expenditures	(112.2)	0
Depreciation and amortization	(17.6)	0
Income (loss) from unconsolidated investments	(54.4)	0
Equity method investments	3,279.3	0
Gain (Loss) on Investments, Excluding Other than Temporary Impairments [Abstract]
Income (loss) from unconsolidated investments	(54.4)	0
Comparable Adjustments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(75)	(12.2)
Depreciation and amortization	3.5	3.4
Income (loss) from unconsolidated investments	(879.1)	359.7
Gain (Loss) on Investments, Excluding Other than Temporary Impairments [Abstract]
Income (loss) from unconsolidated investments	$ (879.1)	$ 359.7

Business Segment Information _3

Business Segment Information (Details Textual)	3 Months Ended
	May 31, 2019divisionsegment
Segment Reporting [Abstract]
Number of business divisions | division	3
Number of reportable operating segments | segment	4

Uncategorized Items - stz531201

Label	Element	Value
Accounting Standards Update 2016-16 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	$ 2,242,000,000
Accounting Standards Update 2016-16 [Member] | Treasury Stock [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	0
Accounting Standards Update 2016-16 [Member] | Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	2,242,000,000
Accounting Standards Update 2016-16 [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	0
Accounting Standards Update 2016-16 [Member] | AOCI Attributable to Parent [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	0
Accounting Standards Update 2016-16 [Member] | Noncontrolling Interest [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	0
Accounting Standards Update 2016-16 [Member] | Common Class B [Member] | Common Stock [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	0
Accounting Standards Update 2016-16 [Member] | Common Class A [Member] | Common Stock [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1	$ 0