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Stockholders' Equity (Tables)
12 Months Ended
Feb. 28, 2025
Equity [Abstract]  
Number of shares of common stock issued and treasury stock, and associated share activity
The number of shares of common stock issued and treasury stock, and associated share activity, are as follows:
Common StockTreasury Stock
Class AClass BClass 1Class AClass B
Balance at February 28, 2022187,263,859 28,212,340 2,248,679 22,824,607 5,005,800 
Share repurchases— — — 7,086,446 — 
Retirement of shares (1)
— (5,005,800)— — (5,005,800)
Conversion of shares (2)
25,433,569 (23,206,540)(2,227,029)— — 
Exercise of stock options— — 1,055 (262,970)— 
Employee stock purchases— — — (57,284)— 
Vesting of restricted stock units (3)
— — — (76,047)— 
Vesting of performance share units (3)
— — — (16,326)— 
Balance at February 28, 2023212,697,428 — 22,705 29,498,426 — 
Share repurchases— — — 1,043,366 — 
Conversion of shares
870 — (870)— — 
Exercise of stock options— — 1,826 (582,476)— 
Employee stock purchases— — — (59,408)— 
Vesting of restricted stock units (3)
— — — (76,914)— 
Vesting of performance share units (3)
— — — (13,113)— 
Balance at February 29, 2024212,698,298 — 23,661 29,809,881 — 
Share repurchases— — — 5,252,003 — 
Exercise of stock options— — 3,376 (389,640)— 
Employee stock purchases— — — (67,405)— 
Vesting of restricted stock units (3)
— — — (90,941)— 
Vesting of performance share units (3)
— — — (8,757)— 
Balance at February 28, 2025212,698,298 — 27,037 34,505,141 — 
(1)Shares of our Class B Treasury Stock were retired to authorized and unissued shares of our Class B Stock prior to completing the Reclassification.
(2)Includes shares of Class B Stock issued and outstanding immediately prior to the Effective Time that were reclassified, exchanged, and converted into one share of Class A Stock and the right to receive $64.64 in cash, without interest (see “Reclassification” below).
(3)Net of the following shares withheld to satisfy tax withholding requirements:
For the Years Ended
February 28,
2025
February 29,
2024
February 28,
2023
Restricted Stock Units48,64840,02337,494
Performance Share Units5,7288,7354,919
Summary of share repurchase activity
A summary of share repurchase activity is as follows:
For the Years Ended
February 28, 2025February 29, 2024February 28, 2023
Dollar
Value
Number of
Shares
Dollar
Value
Number of
Shares
Dollar
Value
Number of
Shares
(in millions, except share data)
2018 Authorization$— — $— — $563.6 2,254,536 
2021 Authorization
613.7 2,462,271 249.7 1,043,366 1,136.6 4,831,910 
2023 Authorization
510.1 2,789,732 — — — — 
$1,123.8 5,252,003 $249.7 1,043,366 $1,700.2 7,086,446 
As of April 23, 2025, total shares repurchased under our board authorizations are as follows:
Class A Stock
Repurchase
Authorization
Dollar Value
of Shares
Repurchased
Number of
Shares
Repurchased
(in millions, except share data)
2018 Authorization$3,000.0 $3,000.0 13,331,156
2021 Authorization
$2,000.0 $2,000.0 8,337,547
2023 Authorization (1)
$2,000.0 $510.1 2,789,732
2025 Authorization (1) (2)
$4,000.0 $91.7 494,094
(1)In April 2025, we announced that our Board of Directors authorized the repurchase of up to $4.0 billion of our publicly traded common stock expiring in February 2028. The 2025 Authorization replaced the 2023 Authorization in its entirety and no further repurchases will be made pursuant to the 2023 Authorization. Shares repurchased under the 2025 Authorization have become treasury shares.
(2)As of April 23, 2025, $3,908.3 million remains available for future share repurchases, excluding the impact of Federal excise tax owed pursuant to the IRA.