Restructuring (Tables)

3 Months Ended

May 31, 2025

Restructuring Charges [Abstract]

Restructuring and Related Costs

We recognized pre-tax restructuring costs in connection with the 2025 Restructuring Initiative as follows:

	Results of Operations Location	For the Three Months Ended May 31, 2025
(in millions)
Consulting services	Selling, general, and administrative expenses	$	13.3

Since the inception of the 2025 Restructuring Initiative, we have incurred the following pre-tax restructuring costs:

	Cumulative Costs as of May 31, 2025		Percent of Total Costs
(in millions)
Employee termination	$	46.9	74	%
Consulting services	16.1		26	%
	$	63.0	100	%

The activity for the restructuring costs discussed above and the related accruals is as follows:

	Employee Termination		Consulting Services		Total
(in millions)
Balance at February 28, 2025	$	46.9	$	2.8	$	49.7
Restructuring costs	—		13.3		13.3
Cash payments	(3.3)		(10.6)		(13.9)
Balance at May 31, 2025 (1)	$	43.6	$	5.5	$	49.1

(1)The total accrual was recorded in accrued restructuring within other accrued expenses and liabilities in our consolidated balance sheets.