Goodwill (Tables)

9 Months Ended

Nov. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill are as follows:

	Beer		Wine and Spirits		Consolidated
(in millions)
Balance, February 28, 2021	$	5,125.6	$	2,667.9	$	7,793.5
Purchase accounting allocations (1)	—		79.6		79.6
Foreign currency translation adjustments	(4.9)		(5.8)		(10.7)
Balance, February 28, 2022	5,120.7		2,741.7		7,862.4
Purchase accounting allocations (2)	—		26.3		26.3
2022 Wine Divestiture	—		(24.5)		(24.5)
Foreign currency translation adjustments	38.4		(6.0)		32.4
Balance, November 30, 2022	$	5,159.1	$	2,737.5	$	7,896.6

(1)Preliminary purchase accounting allocations associated with the acquisition of My Favorite Neighbor and purchase accounting allocations associated with the acquisition of Empathy Wines.

(2)Preliminary purchase accounting allocations associated with the acquisitions of Austin Cocktails and Lingua Franca and purchase accounting allocations associated with the acquisition of My Favorite Neighbor.

Components of gain (loss) on sale of business

The following table summarizes the net gain recognized in connection with this divestiture for the nine months and three months ended November 30, 2022:

(in millions)
Cash received from buyer	$	96.7
Net assets sold	(68.1)
Direct costs to sell (1)	(14.8)
Gain on sale of business (2)	$	13.8

(1)Includes certain contract termination costs.

(2)Included in selling, general, and administrative expenses within our consolidated results of operations.