
	February 28, 2022		February 28, 2021
(in millions)
Raw materials and supplies	$	185.3	$	151.1
In-process inventories	804.8		735.9
Finished case goods	583.1		404.1
	$	1,573.2	$	1,291.1

We evaluated the carrying value of certain inventories and recognized the following in cost of product sold within our consolidated results of operations:


	For the Years Ended
	February 28, 2022 (1)		February 28, 2021 (2)		February 29, 2020 (3)
(in millions)
Loss on inventory write-down	$	87.7	$	100.7	$	124.4

(1)We recognized a loss predominantly from excess inventory of hard seltzers, within the Beer segment, largely resulting from a slowdown in the overall category which occurred in early Fiscal 2022.

(2)We recognized a loss primarily in connection with the write-down of certain grapes, within the Wine and Spirits segment, as a result of smoke damage sustained during the 2020 U.S. wildfires.

(3)We recognized a loss primarily in connection with restructuring and business development costs resulting from our business transformation strategy which aligned our portfolio with consumer-led premiumization trends within the Wine and Spirits segment.