Accumulated Other Comprehensive Loss

12 Months Ended

Feb. 28, 2021

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in AOCL by component net of tax, for the years ended February 28, 2021, February 29, 2020 and February 28, 2019 were as follows:


	As At
	February 28, 2021		February 29, 2020		February 28, 2019
Available-for-Sale Debt Securities
Balance, beginning of period	$	—	$	2	$	(7)
Other comprehensive income (loss) before reclassification	—		(2)		1
Cumulative impact of adoption of ASU 2016-01	—		—		8
Accumulated net unrealized gains on available-for-sale debt securities	$	—	$	—	$	2
Cash Flow Hedges
Balance, beginning of period	$	(1)	$	—	$	(1)
Other comprehensive income (loss) before reclassification	2		(1)		(2)
Amounts reclassified from AOCL into net income (loss)	—		—		3
Accumulated net unrealizes gains (losses) on derivative instruments designated as cash flow hedges	$	1	$	(1)	$	—
Foreign Currency Cumulative Translation Adjustment
Balance, beginning of period	$	(9)	$	(7)	$	(1)
Other comprehensive income (loss) before reclassification	5		(2)		(6)
Foreign currency cumulative translation adjustment	$	(4)	$	(9)	$	(7)
Change in Fair Value From Instrument-Specific Credit Risk On Debentures
Balance, beginning of period	$	(22)	$	(14)	$	—
Other comprehensive income (loss) before reclassification	7		(8)		—
Amounts reclassified from AOCL into net income (loss)	6		—		—
Cumulative impact of adoption of ASU 2016-01	—		—		(14)
Change in fair value from instruments-specific credit risk on Debentures	$	(9)	$	(22)	$	(14)
Other Post-Employment Benefit Obligations
Actuarial losses associated with other post-employment benefit obligations	$	(1)	$	(1)	$	(1)
Accumulated Other Comprehensive Loss, End of Period	$	(13)	$	(33)	$	(20)

As a result of the adoption of ASU 2016-01 in fiscal 2019, the Company reclassified $8 million in unrecognized losses on equity securities that had previously been recorded to other comprehensive income (loss), through a cumulative addition to deficit in the consolidated balance sheet as of March 1, 2018. The Company recognized approximately $14 million on the change in fair value from instrument-specific credit risk associated with the 3.75% Debentures that had previously been recorded to deficit through a cumulative increase to accumulated other comprehensive loss in the consolidated balance sheet as of March 1, 2018.

During the year ended February 28, 2021, nil gains or losses (pre-tax and post-tax) associated with cash flow hedges were reclassified from AOCL into selling, marketing and administration expenses (February 29, 2020 - nil gains or losses).