Equity Method Investments (Tables)

12 Months Ended

Feb. 29, 2024

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments

Our equity method investments are as follows:

	February 29, 2024				February 28, 2023
	Carrying Value		Ownership Percentage		Carrying Value		Ownership Percentage
(in millions)
Canopy Equity Method Investment (1)	$	42.5	20.7	%	$	485.8	34.7	%
Other equity method investments	128.1		20%-50%		177.5		20%-50%
	$	170.6			$	663.3

(1)The fair value based on the closing price of the underlying equity security as of February 29, 2024, and February 28, 2023, was $56.1 million and $398.4 million, respectively.

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

	For the Years Ended
	February 29, 2024		February 28, 2023		February 28, 2022
(in millions)
Equity in earnings (losses) from Canopy and related activities	$	(321.3)	$	(949.3)	$	(73.6)

The amounts shown represent 100% of Canopy’s financial position and results of operations for the respective periods.

	February 29, 2024		February 28, 2023
(in millions)
Current assets	$	300.0	$	865.4
Noncurrent assets	$	726.8	$	1,362.9
Current liabilities	$	167.1	$	500.8
Noncurrent liabilities	$	448.3	$	665.2
Noncontrolling interests	$	0.1	$	2.1

	For the Years Ended
	February 29, 2024		February 28, 2023		February 28, 2022
(in millions)
Net sales	$	254.9	$	339.3	$	444.3
Gross profit (loss)	$	(22.4)	$	(125.7)	$	(18.6)
Net income (loss)	$	(915.7)	$	(2,466.0)	$	(274.3)
Net income (loss) attributable to Canopy	$	(897.5)	$	(2,447.9)	$	328.7