Net Income (Loss) Per Common Share Attributable to CBI (Tables)

6 Months Ended

Aug. 31, 2023

Earnings Per Share [Abstract]

Basic and diluted net income (loss) per common share attributable to CBI

The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:

	For the Six Months Ended August 31, 2023		For the Three Months Ended August 31, 2023
(in millions, except per share data)
Net income (loss) attributable to CBI	$	825.9	$	690.0
Weighted average common shares outstanding – basic	183.384		183.498
Stock-based awards, primarily stock options	0.690		0.779
Weighted average common shares outstanding – diluted	184.074		184.277
Net income (loss) per common share attributable to CBI – basic	$	4.50	$	3.76
Net income (loss) per common share attributable to CBI – diluted	$	4.49	$	3.74

For the six months and three months ended August 31, 2022, net income (loss) per common share – diluted for Class A Stock and Class B Stock has been computed using the two-class method. The computation of basic and diluted net income (loss) per common share are as follows:

	For the Six Months Ended August 31, 2022				For the Three Months Ended August 31, 2022
	Class A Stock		Class B Stock		Class A Stock		Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic	$	(674.2)	$	(87.5)	$	(1,018.2)	$	(133.0)
Conversion of Class B common shares into Class A common shares	—		—		—		—
Effect of stock-based awards on allocated net income (loss)	—		—		—		—
Net income (loss) attributable to CBI allocated – diluted	$	(674.2)	$	(87.5)	$	(1,018.2)	$	(133.0)
Weighted average common shares outstanding – basic	163.532		23.206		161.730		23.206
Conversion of Class B common shares into Class A common shares	—		—		—		—
Stock-based awards, primarily stock options (1)	—		—		—		—
Weighted average common shares outstanding – diluted	163.532		23.206		161.730		23.206
Net income (loss) per common share attributable to CBI – basic	$	(4.13)	$	(3.77)	$	(6.30)	$	(5.73)
Net income (loss) per common share attributable to CBI – diluted	$	(4.13)	$	(3.77)	$	(6.30)	$	(5.73)

(1)	We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive:
			For the Six Months Ended August 31, 2022	For the Three Months Ended August 31, 2022
		(in millions)
		Class B Stock	23.206	23.206
		Stock-based awards, primarily stock options	0.802	0.801