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Stockholders' Equity
3 Months Ended
May 31, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Common stock
The number of shares of common stock issued and treasury stock, and associated share activity, are as follows:
Class A
Stock
Class 1
Stock
Class A
Stock in
Treasury
Balance at February 28, 2025212,698,298 27,037 34,505,141 
Share repurchases— — 1,634,718 
Exercise of stock options— 130 (38,775)
Vesting of restricted stock units (1)
— — (98,959)
Balance at May 31, 2025212,698,298 27,167 36,002,125 
Balance at February 29, 2024212,698,298 23,661 29,809,881 
Share repurchases— — 775,334 
Exercise of stock options— 1,880 (149,324)
Vesting of restricted stock units (1)
— — (85,650)
Vesting of performance share units (1)
— — (8,757)
Balance at May 31, 2024212,698,298 25,541 30,341,484 
(1)Net of the following shares withheld to satisfy tax withholding requirements:
For the Three
Months Ended
May 31,
2025
Restricted Stock Units50,720
2024
Restricted Stock Units48,501
Performance Share Units5,728

Stock repurchases
In April 2025, our Board of Directors authorized the repurchase of up to $4.0 billion of our publicly traded common stock under the 2025 Authorization, which expires in February 2028. Shares repurchased under this authorization become treasury shares. For the three months ended May 31, 2025, we repurchased 1,634,718 shares of Class A Stock pursuant to the 2025 Authorization through open market transactions at an aggregate cost of $306.1 million. Subsequent to May 31, 2025, we repurchased 431,578 shares of Class A Stock pursuant to the 2025 Authorization at an aggregate cost of $75.0 million through open market transactions made pursuant to a Rule 10b5-1 trading plan. As of July 2, 2025, total shares repurchased under our board authorization is as follows:
Class A Stock
Repurchase
Authorization
Dollar Value
of Shares
Repurchased
Number of
Shares
Repurchased
(in millions, except share data)
2025 Authorization (1)
$4,000.0 $381.12,066,296
(1)As of July 2, 2025, $3,618.9 million remains available for future share repurchases, excluding the impact of Federal excise tax owed pursuant to the IRA.