Borrowings (Tables)

3 Months Ended

May 31, 2021

Debt Disclosure [Abstract]

Borrowings

Borrowings consist of the following:

	May 31, 2021						February 28, 2021
	Current		Long-term		Total		Total
(in millions)
Long-term debt
Term loan credit facilities	$	24.6	$	423.7	$	448.3	$	454.4
Senior notes	499.0		9,476.3		9,975.3		9,972.4
Other	5.8		14.8		20.6		15.5
	$	529.4	$	9,914.8	$	10,444.2	$	10,442.3

As of May 31, 2021, aggregate credit facilities under the 2020 Credit Agreement and the March 2020 Term Credit Agreement consist of the following:

	Amount		Maturity
(in millions)
2020 Credit Agreement
Revolving credit facility (1) (2)	$	2,000.0	Sept 14, 2023
March 2020 Term Credit Agreement
2019 Five-Year Term Facility (1) (3)	$	491.3	Jun 28, 2024

(1)Contractual interest rate varies based on our debt rating (as defined in the respective agreement) and is a function of LIBOR plus a margin, or the base rate plus a margin, or, in certain circumstances where LIBOR cannot be adequately ascertained or available, an alternative benchmark rate plus a margin.

(2)We and/or CB International are the borrower under the $2,000.0 million revolving credit facility. Includes a sub-facility for letters of credit of up to $200.0 million.

(3)We are the borrower under the 2019 Five-Year Term Facility.

As of May 31, 2021, information with respect to borrowings under the 2020 Credit Agreement and the March 2020 Term Credit Agreement is as follows:

	Outstanding borrowing		Interest rate		LIBOR margin		Outstanding letters of credit		Remaining borrowing capacity (1)
(in millions)
2020 Credit Agreement
Revolving credit facility	$	—	—	%	—	%	$	12.2	$	1,987.8
March 2020 Term Credit Agreement
2019 Five-Year Term Facility (2)	$	448.3	1.0	%	0.88	%

(1)Net of outstanding revolving credit facility borrowings, outstanding letters of credit under the 2020 Credit Agreement, and outstanding borrowings under our commercial paper program (excluding unamortized discount) (see “Commercial paper program” below).

(2)Outstanding term loan facilities borrowings are net of unamortized debt issuance costs.