Equity Method Investments (Tables)

3 Months Ended

May 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments

Our equity method investments are as follows:

	May 31, 2023				February 28, 2023
	Carrying Value		Ownership Percentage		Carrying Value		Ownership Percentage
(in millions)
Canopy Equity Method Investment (1)	$	142.7	33.2	%	$	485.8	34.7	%
Other equity method investments	148.6		20%-50%		177.5		20%-50%
	$	291.3			$	663.3

(1)The fair value based on the closing price of the underlying equity security as of May 31, 2023, and February 28, 2023, was $142.7 million and $398.4 million, respectively. The balance at May 31, 2023, is net of a $123.5 million impairment of our Canopy Equity Method Investment.

Amounts included in our consolidated results of operations for each period are as follows:

	For the Three Months Ended May 31,
	2023		2022
(in millions)
Equity in earnings (losses) from Canopy and related activities	$	(219.8)	$	(165.0)