Acquisitions and Divestitures (Tables)

3 Months Ended

May 31, 2021

Business Combinations [Abstract]

Components of gain (loss) on sale of business

The following table summarizes the net gain recognized in connection with this divestiture:

(in millions)
Cash received from buyer	$	272.4
Net assets sold	(206.4)
Contract termination	(4.0)
Direct costs to sell	(3.2)
Gain on sale of business	$	58.8

The following table summarizes the net loss recognized in connection with these divestitures:

(in millions)
Cash received from buyer	$	667.4
Net assets sold	(669.1)
Transition services agreements	(13.0)
Direct costs to sell	(8.3)
AOCI reclassification adjustments, primarily foreign currency translation	(5.1)
Other	(5.2)
Loss on sale of business	$	(33.3)