Goodwill (Tables)

3 Months Ended

May 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill are as follows:

	Beer		Wine and Spirits		Consolidated
(in millions)
Balance at February 29, 2024	$	5,238.2	$	2,742.1	$	7,980.3
Purchase accounting allocations (1)	—		71.2		71.2
Foreign currency translation adjustments	(111.4)		0.6		(110.8)
Goodwill impairment (2)	—		(2,740.7)		(2,740.7)
SVEDKA Divestiture (3)	—		(73.2)		(73.2)
Balance at February 28, 2025	5,126.8		—		5,126.8
Foreign currency translation adjustments	30.0		—		30.0
Balance at May 31, 2025	$	5,156.8	$	—	$	5,156.8

(1)Purchase accounting allocations associated with the Sea Smoke acquisition.

(2)In connection with continued negative trends within our Wine and Spirits business primarily attributable to our U.S. wholesale market, driven by declines in both the overall wine market and in our mainstream and premium wine brands, management updated its Fiscal 2025 outlook and financial projections for this reporting unit. Based on the aforementioned factors, we performed quantitative assessments that led to goodwill impairments which resulted in the carrying value being written down to zero.

(3)Amount was based on the relative fair value of the portion of the business sold and the remaining wine and spirits portfolio. The relative fair values were determined using the transaction price and the income approach based on assumptions, including projected revenue growth, terminal growth, and discount rates and other projected financial information.