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Business Segment Information (Tables)
 9 Months Ended
Nov. 30, 2021
Segment Reporting [Abstract]  
Comparable adjustments Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows:
For the Nine Months
Ended November 30,		For the Three Months
Ended November 30,
2021202020212020
(in millions)
Cost of product sold
Net gain (loss) on undesignated commodity derivative contracts$48.1 $(0.3)$— $9.1 
Net flow through of reserved inventory11.6 — 11.6 — 
Settlements of undesignated commodity derivative contracts(24.8)30.2 (12.5)6.6 
Strategic business development costs(2.6)(25.8)— (0.7)
Loss on inventory write-down(1.0)(26.5)(1.0)(26.5)
COVID-19 incremental costs— (6.3)— (0.8)
Flow through of inventory step-up— (0.1)(0.1)— 
Total cost of product sold31.3 (28.8)(2.0)(12.3)
Selling, general, and administrative expenses
Restructuring and other strategic business development costs0.1 (21.6)0.2 (12.7)
Transaction, integration, and other acquisition-related costs(0.8)(5.4)(0.8)(1.5)
Net gain (loss) on foreign currency derivative contracts— (8.0)— — 
COVID-19 incremental costs— (4.8)— (0.2)
Other gains (losses) (1)
12.6 (0.1)18.7 (4.6)
Total selling, general, and administrative expenses11.9 (39.9)18.1 (19.0)
Impairment of brewery construction in progress(665.9)— — — 
Impairment of assets held for sale— (24.0)— (21.0)
Comparable Adjustments, Operating income (loss)$(622.7)$(92.7)$16.1 $(52.3)
(1)
Includes the following:
For the Nine Months
Ended November 30,		For the Three Months
Ended November 30,
2021202020212020
(in millions)
Increase in our ownership interest in My Favorite Neighbor$13.5 $— $13.5 $— 
Property tax settlement$10.4 $— $10.4 $— 
Transition services agreements activity$(11.7)$— $(4.5)$— 
Gain (loss) on vineyard sale$(0.7)$8.8 $(0.7)$— 
Gain (loss) on sale of the Black Velvet Canadian Whisky business$— $(3.6)$— $— 
Segment information
Segment information is as follows:
For the Nine Months
Ended November 30,		For the Three Months
Ended November 30,
2021202020212020
(in millions)
Beer
Net sales$5,185.9 $4,697.9 $1,752.6 $1,677.9 
Segment operating income (loss)$2,089.7 $1,988.0 $723.6 $714.5 
Capital expenditures$501.5 $347.8 $205.7 $149.3 
Depreciation and amortization$183.1 $143.8 $64.6 $50.9 
Wine and Spirits
Net sales:
Wine$1,351.1 $1,711.2 $506.2 $666.7 
Spirits181.2 252.8 61.8 93.5 
Net sales$1,532.3 $1,964.0 $568.0 $760.2 
Segment operating income (loss)$348.9 $507.8 $144.5 $182.3 
Income (loss) from unconsolidated investments$33.6 $26.6 $33.4 $25.5 
Equity method investments (1)
$117.4 $137.7 $117.4 $137.7 
Capital expenditures$78.0 $67.3 $24.0 $29.9 
Depreciation and amortization$59.6 $68.5 $20.0 $23.2 
Corporate Operations and Other
Segment operating income (loss)$(161.7)$(171.3)$(44.3)$(61.4)
Income (loss) from unconsolidated investments$(2.1)$0.2 $(1.3)$(0.3)
Equity method investments$110.3 $83.5 $110.3 $83.5 
Capital expenditures$19.2 $52.6 $15.6 $10.7 
Depreciation and amortization$9.7 $10.9 $3.2 $3.7 
Canopy
Net sales$332.4 $261.5 $104.3 $101.5 
Segment operating income (loss)$(508.0)$(1,071.0)$(171.0)$(213.4)
Capital expenditures$49.7 $135.9 $12.2 $21.5 
Depreciation and amortization$66.2 $78.5 $22.9 $23.9 
Consolidation and Eliminations
Net sales$(332.4)$(261.5)$(104.3)$(101.5)
Operating income (loss)$508.0 $1,071.0 $171.0 $213.4 
Income (loss) from unconsolidated investments $(142.6)$(108.8)$(68.4)$(43.0)
Equity method investments$2,528.7 $2,738.7 $2,528.7 $2,738.7 
Capital expenditures$(49.7)$(135.9)$(12.2)$(21.5)
Depreciation and amortization$(66.2)$(78.5)$(22.9)$(23.9)
Comparable Adjustments
Operating income (loss)$(622.7)$(92.7)$16.1 $(52.3)
Income (loss) from unconsolidated investments$(1,430.7)$212.5 $(135.5)$800.2 
For the Nine Months
Ended November 30,		For the Three Months
Ended November 30,
2021202020212020
(in millions)
Consolidated
Net sales$6,718.2 $6,661.9 $2,320.6 $2,438.1 
Operating income (loss)$1,654.2 $2,231.8 $839.9 $783.1 
Income (loss) from unconsolidated investments (2)
$(1,541.8)$130.5 $(171.8)$782.4 
Equity method investments (1)
$2,756.4 $2,959.9 $2,756.4 $2,959.9 
Capital expenditures$598.7 $467.7 $245.3 $189.9 
Depreciation and amortization$252.4 $223.2 $87.8 $77.8 
(1)
Equity method investments balance at November 30, 2020, exclude amounts reclassified to assets held for sale.
(2)
Income (loss) from unconsolidated investments consists of:
For the Nine Months
Ended November 30,		For the Three Months
Ended November 30,
2021202020212020
(in millions)
Unrealized net gain (loss) on securities measured at fair value$(1,534.8)$524.7 $(199.7)$769.6 
Equity in earnings (losses) from Canopy and related activities(39.5)(421.0)(4.2)(12.4)
Equity in earnings (losses) from other equity method investees32.5 26.8 32.1 25.2 
$(1,541.8)$130.5 $(171.8)$782.4