Net Income (Loss) Per Common Share Attributable to CBI

6 Months Ended

Aug. 31, 2025

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

Net income (loss) per common share attributable to CBI (hereafter referred to as “net income (loss) per common share”) – basic for Class A Stock has been computed based on the weighted average shares of common stock outstanding during the period. Net income (loss) per common share – diluted for Class A Stock reflects the weighted average shares of common stock plus the effect of dilutive securities outstanding during the period using the treasury stock method. The effect of dilutive securities includes the impact of outstanding stock-based awards. The dilutive computation does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on the net income (loss) per common share. The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:


	For the Six Months Ended August 31,				For the Three Months Ended August 31,
	2025		2024		2025		2024
(in millions, except per share data)
Net income (loss) attributable to CBI	$	982.1	$	(322.0)	$	466.0	$	(1,199.0)

Weighted average common shares outstanding – basic	176.804		182.356		175.821		181.947
Stock-based awards, primarily stock options (1)	0.153		—		0.117		—
Weighted average common shares outstanding – diluted	176.957		182.356		175.938		181.947

Net income (loss) per common share attributable to CBI – basic	$	5.55	$	(1.77)	$	2.65	$	(6.59)
Net income (loss) per common share attributable to CBI – diluted	$	5.55	$	(1.77)	$	2.65	$	(6.59)

(1)We have excluded the following weighted average common shares outstanding from the calculation of diluted net loss per common share, as the effect of including these would have been anti-dilutive, in millions:


	For the Six Months Ended August 31, 2024	For the Three Months Ended August 31, 2024


Stock-based awards, primarily stock options	0.604		0.539