Property, Plant, and Equipment (Tables)

12 Months Ended

Feb. 28, 2025

Property, Plant and Equipment [Abstract]

Components of property, plant, and equipment

Depreciation is computed primarily using the straight-line method over the following estimated useful lives:

	Years
Land improvements	15 to 32
Vineyards	16 to 26
Buildings and improvements	10 to 50
Machinery and equipment	3 to 35
Motor vehicles	3 to 8

The major components of property, plant, and equipment are as follows:

	February 28, 2025		February 29, 2024
(in millions)
Land and land improvements	$	437.2	$	473.6
Vineyards	128.3		264.6
Buildings and improvements	1,907.9		1,941.6
Machinery and equipment	5,027.7		5,649.0
Motor vehicles	238.5		162.9
Construction in progress (1) (2)	2,218.1		2,296.6
	9,957.7		10,788.3
Less – Accumulated depreciation	(2,547.9)		(2,733.1)
	$	7,409.8	$	8,055.2

(1)We capitalized $74.2 million, $63.7 million, and $36.5 million of interest costs for the years ended February 28, 2025, February 29, 2024, and February 28, 2023, respectively, primarily due to the Mexico Beer Projects.

(2)Initial production at the Veracruz Brewery is expected to commence in late Fiscal 2026 or early Fiscal 2027.