Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 28, 2022

Accounting Policies [Abstract]

Estimated useful lives for depreciation

Depreciation is computed primarily using the straight-line method over the following estimated useful lives:

	Years
Land improvements	15 to 32
Vineyards	16 to 26
Buildings and improvements	10 to 50
Machinery and equipment	3 to 35
Motor vehicles	3 to 8

The major components of property, plant, and equipment are as follows:

	February 28, 2022		February 28, 2021
(in millions)
Land and land improvements	$	456.2	$	434.0
Vineyards	255.3		226.0
Buildings and improvements	1,109.4		983.4
Machinery and equipment	4,827.8		3,696.9
Motor vehicles	140.0		131.3
Construction in progress (1) (2)	1,223.2		2,084.2
	8,011.9		7,555.8
Less – Accumulated depreciation	(1,952.3)		(1,734.2)
	$	6,059.6	$	5,821.6

(1)The balance at February 28, 2022, is net of an impairment of brewery construction in progress of $665.9 million. See Note 7 for further discussion.

(2)Interest costs incurred during the expansion, optimization, and construction of facilities are capitalized to construction in progress. We capitalized interest costs of $25.3 million, $31.5 million, and $37.2 million for the years ended February 28, 2022, February 28, 2021, and February 29, 2020, respectively, primarily due to the Mexico Beer Projects.