Net Income (Loss) Per Common Share Attributable to CBI (Tables)

6 Months Ended

Aug. 31, 2020

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 Six Months Ended
	August 31, 2020				August 31, 2019
	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	$	297.3	$	36.9	$	(684.1)	$	(86.5)
Conversion of Class B common shares into Class A common shares	36.9		—		—		—
Effect of stock-based awards on allocated net income (loss)	—		—		—		—
Net income (loss) attributable to CBI allocated – diluted	$	334.2	$	36.9	$	(684.1)	$	(86.5)
Weighted average common shares outstanding – basic	169.841		23.289		168.215		23.316
Conversion of Class B common shares into Class A common shares (1)	23.289		—		—		—
Stock-based awards, primarily stock options (1)	1.832		—		—		—
Weighted average common shares outstanding – diluted	194.962		23.289		168.215		23.316
Net income (loss) per common share attributable to CBI – basic	$	1.74	$	1.58	$	(4.08)	$	(3.71)
Net income (loss) per common share attributable to CBI – diluted	$	1.71	$	1.58	$	(4.08)	$	(3.71)

	For the Three Months Ended
	August 31, 2020				August 31, 2019
	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	$	455.5	$	56.6	$	(466.4)	$	(58.8)
Conversion of Class B common shares into Class A common shares	56.6		—		—		—
Effect of stock-based awards on allocated net income (loss)	—		(0.4)		—		—
Net income (loss) attributable to CBI allocated – diluted	$	512.1	$	56.2	$	(466.4)	$	(58.8)
Weighted average common shares outstanding – basic	170.078		23.284		168.310		23.316
Conversion of Class B common shares into Class A common shares (1)	23.284		—		—		—
Stock-based awards, primarily stock options (1)	1.780		—		—		—
Weighted average common shares outstanding – diluted	195.142		23.284		168.310		23.316
Net income (loss) per common share attributable to CBI – basic	$	2.68	$	2.43	$	(2.77)	$	(2.52)
Net income (loss) per common share attributable to CBI – diluted	$	2.62	$	2.42	$	(2.77)	$	(2.52)

(1)	We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive:
			For the Six Months Ended	For the Three Months Ended
			August 31, 2019	August 31, 2019
		(in millions)
		Class B Convertible Common Stock	23.317	23.316
		Stock-based awards, primarily stock options	3.368	3.305