Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 28, 2021

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

A summary of selected quarterly financial information is as follows:

	For the Three Months Ended
	February 28, 2021		February 29, 2020
(in millions, except per share data)
Net sales	$	1,953.0	$	1,902.9
Gross profit	$	993.7	$	949.8
Net income (loss) attributable to CBI (1)	$	382.9	$	398.4
Net income (loss) per common share attributable to CBI (1):
Basic – Class A Common Stock	$	2.00	$	2.10
Basic – Class B Convertible Common Stock	$	1.81	$	1.91
Diluted – Class A Common Stock	$	1.95	$	2.04
Diluted – Class B Convertible Common Stock	$	1.80	$	1.89

(1)	Includes the following:
		For the Three Months Ended
		February 28, 2021		February 29, 2020
	(in millions, net of income tax effect)
	Unrealized net gain (loss) on securities measured at fair value	$	206.3	$	56.9
	Net gain (loss) on undesignated commodity derivative contracts	$	19.2	$	(19.2)
	Gain (loss) on sale of business	$	15.6	$	5.2
	Equity in earnings (losses) from Canopy	$	(189.5)	$	(15.6)
	(Loss on) recovery of write-down of certain inventory as a result of smoke damage sustained during wildfires	$	(34.4)	$	—
	Net income tax (provision) benefit recognized for adjustments to valuation allowances	$	(4.8)	$	(25.0)
	Impairment of asset held for sale	$	—	$	(33.2)