Net Income (Loss) Per Common Share Attributable to CBI

12 Months Ended

Feb. 28, 2021

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

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 Years Ended
	February 28, 2021				February 29, 2020				February 28, 2019
	Common Stock				Common Stock				Common Stock
	Class A		Class B		Class A		Class B		Class A		Class B
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic	$	1,777.2	$	220.8	$	(10.2)	$	(1.6)	$	3,049.5	$	386.4
Conversion of Class B common shares into Class A common shares	220.8		—		—		—		386.4		—
Effect of stock-based awards on allocated net income (loss)	—		(1.5)		—		—		—		(8.3)
Net income (loss) attributable to CBI allocated – diluted	$	1,998.0	$	219.3	$	(10.2)	$	(1.6)	$	3,435.9	$	378.1
Weighted average common shares outstanding – basic	170.239		23.280		168.329		23.313		167.249		23.321
Conversion of Class B common shares into Class A common shares (1)	23.280		—		—		—		23.321		—
Stock-based awards, primarily stock options (1)	1.789		—		—		—		4.962		—
Weighted average common shares outstanding – diluted	195.308		23.280		168.329		23.313		195.532		23.321
Net income (loss) per common share attributable to CBI – basic	$	10.44	$	9.48	$	(0.07)	$	(0.07)	$	18.24	$	16.57
Net income (loss) per common share attributable to CBI – diluted	$	10.23	$	9.42	$	(0.07)	$	(0.07)	$	17.57	$	16.21

(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 Year Ended
			February 29, 2020
		(in millions)
		Class B Convertible Common Stock	23.313
		Stock-based awards, primarily stock options	3.239