Fair Value Measurements, Cash, Cash Equivalent and Investments (Tables)

9 Months Ended

Nov. 30, 2021

Cash and Cash Equivalents [Abstract]

Components of Cash, Cash Equivalents and Investments

The components of cash, cash equivalents and investments by fair value level as at November 30, 2021 were as follows:

	Cost Basis (1)		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash Equivalents
Bank balances	$	109	$	—	$	—	$	109	$	108	$	—	$	—	$	1
Other investments	8		—		—		8		—		—		8		—
	117		—		—		117		108		—		8		1
Level 1:
Equity securities	10		—		(9)		1		—		1		—		—
Level 2:
Term deposits, certificates of deposits, and GIC's	140		—		—		140		53		59		—		28
Bankers’ acceptances/bearer deposit notes	20		—		—		20		12		8		—		—
Commercial paper	192		—		—		192		40		152		—		—
Non-U.S. promissory notes	127		—		—		127		46		81		—		—
Non-U.S. government sponsored enterprise notes	129		—		—		129		—		129		—		—
Non-U.S. treasury bills/notes	24		—		—		24		12		12		—		—
	632		—		—		632		163		441		—		28
Level 3:
Other investments	17		5		—		22		—		—		22		—
	$	776	$	5	$	(9)	$	772	$	271	$	442	$	30	$	29

______________________________

(1) Cost basis for other investments includes the effect of returns of capital.

The components of cash, cash equivalents and investments by fair value level as at February 28, 2021 were as follows:

	Cost Basis		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash Equivalents		Restricted Short-term Investments
Bank balances	$	165	$	—	$	165	$	165	$	—	$	—	$	—	$	—
Other investments	37		—		37		—		—		37		—		—
	202		—		202		165		—		37		—		—
Level 1:
Equity securities	10		(7)		3		—		3		—		—		—
Level 2:
Term deposits, certificates of deposits, and GICs	138		—		138		7		103		—		4		24
Bearer deposit notes	40		—		40		—		40		—		—		—
Commercial paper	162		—		162		15		147		—		—		—
Non-U.S. promissory notes	55		—		55		26		29		—		—		—
Non-U.S. government sponsored enterprise notes	154		—		154		1		153		—		—		—
Non-U.S. treasury bills/notes	25		—		25		—		25		—		—		—
Corporate notes/bonds	25		—		25		—		25		—		—		—
	599		—		599		49		522		—		4		24
	$	811	$	(7)	$	804	$	214	$	525	$	37	$	4	$	24

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents as at November 30, 2021 and February 28, 2021 from the consolidated balance sheets to the consolidated statements of cash flows:

	As at
	November 30, 2021		February 28, 2021
Cash and cash equivalents	$	271	$	214
Restricted cash and cash equivalents	29		4
Total cash, cash equivalents, restricted cash, and restricted cash equivalents presented in the consolidated statements of cash flows	$	300	$	218

Contractual Maturities of Available-for-Sale Investments

The contractual maturities of available-for-sale investments as at November 30, 2021 and February 28, 2021 were as follows:

	As at
	November 30, 2021				February 28, 2021
	Cost Basis		Fair Value		Cost Basis		Fair Value
Due in one year or less	$	632	$	632	$	599	$	599
No fixed maturity	10		1		10		3
	$	642	$	633	$	609	$	602