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

9 Months Ended

Nov. 30, 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 Nine Months Ended
	November 30, 2020				November 30, 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	$	1,436.5	$	178.6	$	(364.0)	$	(46.2)
Conversion of Class B common shares into Class A common shares	178.6		—		—		—
Effect of stock-based awards on allocated net income (loss)	—		(1.2)		—		—
Net income (loss) attributable to CBI allocated – diluted	$	1,615.1	$	177.4	$	(364.0)	$	(46.2)
Weighted average common shares outstanding – basic	170.083		23.284		168.258		23.316
Conversion of Class B common shares into Class A common shares (1)	23.284		—		—		—
Stock-based awards, primarily stock options (1)	1.734		—		—		—
Weighted average common shares outstanding – diluted	195.101		23.284		168.258		23.316
Net income (loss) per common share attributable to CBI – basic	$	8.44	$	7.67	$	(2.17)	$	(1.98)
Net income (loss) per common share attributable to CBI – diluted	$	8.28	$	7.62	$	(2.17)	$	(1.98)

	For the Three Months Ended
	November 30, 2020				November 30, 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	$	1,139.5	$	141.4	$	320.1	$	40.3
Conversion of Class B common shares into Class A common shares	141.4		—		40.3		—
Effect of stock-based awards on allocated net income (loss)	—		(1.1)		—		(0.4)
Net income (loss) attributable to CBI allocated – diluted	$	1,280.9	$	140.3	$	360.4	$	39.9
Weighted average common shares outstanding – basic	170.571		23.274		168.346		23.314
Conversion of Class B common shares into Class A common shares	23.274		—		23.314		—
Stock-based awards, primarily stock options	1.599		—		3.196		—
Weighted average common shares outstanding – diluted	195.444		23.274		194.856		23.314
Net income (loss) per common share attributable to CBI – basic	$	6.68	$	6.07	$	1.90	$	1.73
Net income (loss) per common share attributable to CBI – diluted	$	6.55	$	6.03	$	1.85	$	1.71

(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 Nine Months Ended
			November 30, 2019
		(in millions)
		Class B Convertible Common Stock	23.316
		Stock-based awards, primarily stock options	3.290