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

3 Months Ended

May 31, 2024

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 May 31, 2024 were as follows:

	Cost Basis (1)		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash and Cash Equivalents
Bank balances	$	92	$	—	$	—	$	92	$	92	$	—	$	—	$	—
Other investments	28		6		—		34		—		—		34		—
	120		6		—		126		92		—		34		—
Level 1:
Equity securities	10		—		(10)		—		—		—		—		—
Level 2:
Term deposits, and certificates of deposits	13		—		—		13		—		—		—		13
Bankers' acceptances/bearer deposit notes	12		—		—		12		12		—		—		—
Commercial paper	89		—		—		89		28		61		—		—
Non-U.S. promissory notes	26		—		—		26		11		15		—		—
Non-U.S. treasury bills	4		—		—		4		—		—		—		4
U.S. treasury bills	10		—		—		10		—		10		—		—
	154		—		—		154		51		86		—		17
Level 3:
Other investments	2		1		—		3		—		—		3		—
	$	286	$	7	$	(10)	$	283	$	143	$	86	$	37	$	17

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

The components of cash, cash equivalents and investments by fair value level as at February 29, 2024 were as follows:

	Cost Basis (1)		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash and Cash Equivalents
Bank balances	$	96	$	—	$	—	$	96	$	96	$	—	$	—	$	—
Other investments	30		6		—		36		—		—		36		—
	126		6		—		132		96		—		36		—
Level 1:
Equity securities	10		—		(10)		—		—		—		—		—
Level 2:
Term deposits, and certificates of deposits	21		—		—		21		—		—		—		21
Bearer deposit notes	53		—		—		53		28		25		—		—
Commercial paper	47		—		—		47		15		32		—		—
Non-U.S. promissory notes	35		—		—		35		30		5		—		—
U.S. treasury bills	10		—		—		10		6		—		—		4
	166		—		—		166		79		62		—		25
	$	302	$	6	$	(10)	$	298	$	175	$	62	$	36	$	25

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

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents as at May 31, 2024 and February 29, 2024 from the consolidated balance sheets to the consolidated statements of cash flows:

	As at
	May 31, 2024		February 29, 2024
Cash and cash equivalents	$	143	$	175
Restricted cash and cash equivalents	17		25
Total cash, cash equivalents, restricted cash, and restricted cash equivalents presented in the consolidated statements of cash flows	$	160	$	200

Contractual Maturities of Available-for-Sale Investments

The contractual maturities of available-for-sale investments as at May 31, 2024 and February 29, 2024 were as follows:

	As at
	May 31, 2024				February 29, 2024
	Cost Basis		Fair Value		Cost Basis		Fair Value
Due in one year or less	$	154	$	154	$	166	$	166
No fixed maturity	10		—		10		—
	$	164	$	154	$	176	$	166