Condensed Consolidating Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Balance Sheet at May 31, 2017 | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 32.6 |
| | $ | 6.4 |
| | $ | 160.1 |
| | $ | — |
| | $ | 199.1 |
| Accounts receivable | 1.7 |
| | 9.8 |
| | 820.5 |
| | — |
| | 832.0 |
| Inventories | 170.8 |
| | 1,425.9 |
| | 523.7 |
| | (183.5 | ) | | 1,936.9 |
| Intercompany receivable | 22,784.6 |
| | 31,848.6 |
| | 15,813.9 |
| | (70,447.1 | ) | | — |
| Prepaid expenses and other | 90.6 |
| | 62.7 |
| | 319.2 |
| | (80.0 | ) | | 392.5 |
| Total current assets | 23,080.3 |
| | 33,353.4 |
| | 17,637.4 |
| | (70,710.6 | ) | | 3,360.5 |
| Property, plant and equipment | 70.1 |
| | 680.0 |
| | 3,436.8 |
| | — |
| | 4,186.9 |
| Investments in subsidiaries | 17,551.5 |
| | 268.6 |
| | 5,486.3 |
| | (23,306.4 | ) | | — |
| Goodwill | — |
| | 6,185.6 |
| | 1,786.7 |
| | — |
| | 7,972.3 |
| Intangible assets | — |
| | 722.1 |
| | 2,567.6 |
| | — |
| | 3,289.7 |
| Intercompany notes receivable | 5,129.9 |
| | 2,178.4 |
| | — |
| | (7,308.3 | ) | | — |
| Other assets | 17.8 |
| | 4.9 |
| | 127.3 |
| | — |
| | 150.0 |
| Total assets | $ | 45,849.6 |
| | $ | 43,393.0 |
| | $ | 31,042.1 |
| | $ | (101,325.3 | ) | | $ | 18,959.4 |
| | | | | | | | | | | Current liabilities: | | | | | | | | | | Notes payable to banks | $ | 485.0 |
| | $ | — |
| | $ | 503.1 |
| | $ | — |
| | $ | 988.1 |
| Current maturities of long-term debt | 4.5 |
| | 15.0 |
| | 126.7 |
| | — |
| | 146.2 |
| Accounts payable | 35.7 |
| | 147.5 |
| | 375.6 |
| | — |
| | 558.8 |
| Intercompany payable | 32,047.5 |
| | 24,308.6 |
| | 14,091.0 |
| | (70,447.1 | ) | | — |
| Other accrued expenses and liabilities | 201.8 |
| | 274.3 |
| | 121.5 |
| | (108.3 | ) | | 489.3 |
| Total current liabilities | 32,774.5 |
| | 24,745.4 |
| | 15,217.9 |
| | (70,555.4 | ) | | 2,182.4 |
| Long-term debt, less current maturities | 5,638.1 |
| | 8.1 |
| | 2,431.0 |
| | — |
| | 8,077.2 |
| Deferred income taxes | 13.6 |
| | 687.4 |
| | 434.5 |
| | — |
| | 1,135.5 |
| Intercompany notes payable | — |
| | 4,690.1 |
| | 2,618.2 |
| | (7,308.3 | ) | | — |
| Other liabilities | 33.7 |
| | 10.6 |
| | 122.2 |
| | — |
| | 166.5 |
| Total liabilities | 38,459.9 |
| | 30,141.6 |
| | 20,823.8 |
| | (77,863.7 | ) | | 11,561.6 |
| Total CBI stockholders’ equity | 7,389.7 |
| | 13,251.4 |
| | 10,210.2 |
| | (23,461.6 | ) | | 7,389.7 |
| Noncontrolling interests | — |
| | — |
| | 8.1 |
| | — |
| | 8.1 |
| Total stockholders’ equity | 7,389.7 |
| | 13,251.4 |
| | 10,218.3 |
| | (23,461.6 | ) | | 7,397.8 |
| Total liabilities and stockholders’ equity | $ | 45,849.6 |
| | $ | 43,393.0 |
| | $ | 31,042.1 |
| | $ | (101,325.3 | ) | | $ | 18,959.4 |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Balance Sheet at February 28, 2017 | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 9.6 |
| | $ | 5.3 |
| | $ | 162.5 |
| | $ | — |
| | $ | 177.4 |
| Accounts receivable | 2.4 |
| | 18.1 |
| | 716.5 |
| | — |
| | 737.0 |
| Inventories | 162.3 |
| | 1,456.6 |
| | 502.8 |
| | (166.6 | ) | | 1,955.1 |
| Intercompany receivable | 21,894.2 |
| | 30,298.2 |
| | 14,985.4 |
| | (67,177.8 | ) | | — |
| Prepaid expenses and other | 40.4 |
| | 69.1 |
| | 235.2 |
| | 15.8 |
| | 360.5 |
| Total current assets | 22,108.9 |
| | 31,847.3 |
| | 16,602.4 |
| | (67,328.6 | ) | | 3,230.0 |
| Property, plant and equipment | 69.5 |
| | 680.1 |
| | 3,183.2 |
| | — |
| | 3,932.8 |
| Investments in subsidiaries | 16,965.2 |
| | 267.2 |
| | 5,370.3 |
| | (22,602.7 | ) | | — |
| Goodwill | — |
| | 6,185.5 |
| | 1,735.0 |
| | — |
| | 7,920.5 |
| Intangible assets | — |
| | 810.2 |
| | 2,567.5 |
| | — |
| | 3,377.7 |
| Intercompany notes receivable | 5,074.5 |
| | 2,155.5 |
| | — |
| | (7,230.0 | ) | | — |
| Other assets | 17.9 |
| | 4.5 |
| | 119.0 |
| | — |
| | 141.4 |
| Total assets | $ | 44,236.0 |
| | $ | 41,950.3 |
| | $ | 29,577.4 |
| | $ | (97,161.3 | ) | | $ | 18,602.4 |
| | | | | | | | | | | Current liabilities: | | | | | | | | | | Notes payable to banks | $ | 231.0 |
| | $ | — |
| | $ | 375.5 |
| | $ | — |
| | $ | 606.5 |
| Current maturities of long-term debt | 767.9 |
| | 16.2 |
| | 126.8 |
| | — |
| | 910.9 |
| Accounts payable | 47.6 |
| | 57.5 |
| | 454.7 |
| | — |
| | 559.8 |
| Intercompany payable | 30,722.8 |
| | 23,203.3 |
| | 13,251.7 |
| | (67,177.8 | ) | | — |
| Other accrued expenses and liabilities | 270.2 |
| | 203.5 |
| | 175.6 |
| | (28.9 | ) | | 620.4 |
| Total current liabilities | 32,039.5 |
| | 23,480.5 |
| | 14,384.3 |
| | (67,206.7 | ) | | 2,697.6 |
| Long-term debt, less current maturities | 5,260.2 |
| | 11.8 |
| | 2,448.7 |
| | — |
| | 7,720.7 |
| Deferred income taxes | 13.3 |
| | 698.0 |
| | 422.3 |
| | — |
| | 1,133.6 |
| Intercompany notes payable | — |
| | 4,639.4 |
| | 2,590.6 |
| | (7,230.0 | ) | | — |
| Other liabilities | 31.8 |
| | 8.9 |
| | 125.0 |
| | — |
| | 165.7 |
| Total liabilities | 37,344.8 |
| | 28,838.6 |
| | 19,970.9 |
| | (74,436.7 | ) | | 11,717.6 |
| | | | | | | | | | | Total CBI stockholders’ equity | 6,891.2 |
| | 13,111.7 |
| | 9,612.9 |
| | (22,724.6 | ) | | 6,891.2 |
| Noncontrolling interests | — |
| | — |
| | (6.4 | ) | | — |
| | (6.4 | ) | Total stockholders’ equity | 6,891.2 |
| | 13,111.7 |
| | 9,606.5 |
| | (22,724.6 | ) | | 6,884.8 |
| Total liabilities and stockholders’ equity | $ | 44,236.0 |
| | $ | 41,950.3 |
| | $ | 29,577.4 |
| | $ | (97,161.3 | ) | | $ | 18,602.4 |
|
|
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Balance Sheet at February 28, 2017 | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 9.6 |
| | $ | 5.3 |
| | $ | 162.5 |
| | $ | — |
| | $ | 177.4 |
| Accounts receivable | 2.4 |
| | 18.1 |
| | 716.5 |
| | — |
| | 737.0 |
| Inventories | 162.3 |
| | 1,456.6 |
| | 502.8 |
| | (166.6 | ) | | 1,955.1 |
| Intercompany receivable | 21,894.2 |
| | 30,298.2 |
| | 14,985.4 |
| | (67,177.8 | ) | | — |
| Prepaid expenses and other | 40.4 |
| | 69.1 |
| | 235.2 |
| | 15.8 |
| | 360.5 |
| Total current assets | 22,108.9 |
| | 31,847.3 |
| | 16,602.4 |
| | (67,328.6 | ) | | 3,230.0 |
| Property, plant and equipment | 69.5 |
| | 680.1 |
| | 3,183.2 |
| | — |
| | 3,932.8 |
| Investments in subsidiaries | 16,965.2 |
| | 267.2 |
| | 5,370.3 |
| | (22,602.7 | ) | | — |
| Goodwill | — |
| | 6,185.5 |
| | 1,735.0 |
| | — |
| | 7,920.5 |
| Intangible assets | — |
| | 810.2 |
| | 2,567.5 |
| | — |
| | 3,377.7 |
| Intercompany notes receivable | 5,074.5 |
| | 2,155.5 |
| | — |
| | (7,230.0 | ) | | — |
| Other assets | 17.9 |
| | 4.5 |
| | 119.0 |
| | — |
| | 141.4 |
| Total assets | $ | 44,236.0 |
| | $ | 41,950.3 |
| | $ | 29,577.4 |
| | $ | (97,161.3 | ) | | $ | 18,602.4 |
| | | | | | | | | | | Current liabilities: | | | | | | | | | | Notes payable to banks | $ | 231.0 |
| | $ | — |
| | $ | 375.5 |
| | $ | — |
| | $ | 606.5 |
| Current maturities of long-term debt | 767.9 |
| | 16.2 |
| | 126.8 |
| | — |
| | 910.9 |
| Accounts payable | 47.6 |
| | 57.5 |
| | 454.7 |
| | — |
| | 559.8 |
| Accrued excise taxes | 17.8 |
| | 26.0 |
| | 0.8 |
| | — |
| | 44.6 |
| Intercompany payable | 30,722.8 |
| | 23,203.3 |
| | 13,251.7 |
| | (67,177.8 | ) | | — |
| Other accrued expenses and liabilities | 252.4 |
| | 177.5 |
| | 174.8 |
| | (28.9 | ) | | 575.8 |
| Total current liabilities | 32,039.5 |
| | 23,480.5 |
| | 14,384.3 |
| | (67,206.7 | ) | | 2,697.6 |
| Long-term debt, less current maturities | 5,260.2 |
| | 11.8 |
| | 2,448.7 |
| | — |
| | 7,720.7 |
| Deferred income taxes | 13.3 |
| | 698.0 |
| | 422.3 |
| | — |
| | 1,133.6 |
| Intercompany notes payable | — |
| | 4,639.4 |
| | 2,590.6 |
| | (7,230.0 | ) | | — |
| Other liabilities | 31.8 |
| | 8.9 |
| | 125.0 |
| | — |
| | 165.7 |
| Total liabilities | 37,344.8 |
| | 28,838.6 |
| | 19,970.9 |
| | (74,436.7 | ) | | 11,717.6 |
| Total CBI stockholders’ equity | 6,891.2 |
| | 13,111.7 |
| | 9,612.9 |
| | (22,724.6 | ) | | 6,891.2 |
| Noncontrolling interests | — |
| | — |
| | (6.4 | ) | | — |
| | (6.4 | ) | Total stockholders’ equity | 6,891.2 |
| | 13,111.7 |
| | 9,606.5 |
| | (22,724.6 | ) | | 6,884.8 |
| Total liabilities and stockholders’ equity | $ | 44,236.0 |
| | $ | 41,950.3 |
| | $ | 29,577.4 |
| | $ | (97,161.3 | ) | | $ | 18,602.4 |
| | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Balance Sheet at February 29, 2016 | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 6.0 |
| | $ | 3.6 |
| | $ | 73.5 |
| | $ | — |
| | $ | 83.1 |
| Accounts receivable | 0.4 |
| | 21.8 |
| | 710.3 |
| | — |
| | 732.5 |
| Inventories | 151.6 |
| | 1,345.8 |
| | 481.5 |
| | (127.3 | ) | | 1,851.6 |
| Intercompany receivable | 16,759.0 |
| | 24,420.0 |
| | 11,756.2 |
| | (52,935.2 | ) | | — |
| Prepaid expenses and other | 29.6 |
| | 57.1 |
| | 347.0 |
| | (123.3 | ) | | 310.4 |
| Total current assets | 16,946.6 |
| | 25,848.3 |
| | 13,368.5 |
| | (53,185.8 | ) | | 2,977.6 |
| Property, plant and equipment | 63.2 |
| | 636.0 |
| | 2,634.2 |
| | — |
| | 3,333.4 |
| Investments in subsidiaries | 16,384.0 |
| | 202.3 |
| | 4,986.1 |
| | (21,572.4 | ) | | — |
| Goodwill | — |
| | 6,184.2 |
| | 954.4 |
| | — |
| | 7,138.6 |
| Intangible assets | — |
| | 863.3 |
| | 2,538.4 |
| | 2.1 |
| | 3,403.8 |
| Intercompany notes receivable | 4,705.9 |
| | 2,067.7 |
| | — |
| | (6,773.6 | ) | | — |
| Other assets | 20.0 |
| | 3.6 |
| | 88.0 |
| | — |
| | 111.6 |
| Total assets | $ | 38,119.7 |
| | $ | 35,805.4 |
| | $ | 24,569.6 |
| | $ | (81,529.7 | ) | | $ | 16,965.0 |
| | | | | | | | | | | Current liabilities: | | | | | | | | | | Notes payable to banks | $ | — |
| | $ | — |
| | $ | 408.3 |
| | $ | — |
| | $ | 408.3 |
| Current maturities of long-term debt | 765.6 |
| | 18.0 |
| | 73.1 |
| | — |
| | 856.7 |
| Accounts payable | 37.7 |
| | 45.6 |
| | 346.0 |
| | — |
| | 429.3 |
| Accrued excise taxes | 14.7 |
| | 14.7 |
| | 4.2 |
| | — |
| | 33.6 |
| Intercompany payable | 24,929.8 |
| | 17,889.6 |
| | 10,115.8 |
| | (52,935.2 | ) | | — |
| Other accrued expenses and liabilities | 349.1 |
| | 186.3 |
| | 173.5 |
| | (164.5 | ) | | 544.4 |
| Total current liabilities | 26,096.9 |
| | 18,154.2 |
| | 11,120.9 |
| | (53,099.7 | ) | | 2,272.3 |
| Long-term debt, less current maturities | 5,421.4 |
| | 15.6 |
| | 1,379.2 |
| | — |
| | 6,816.2 |
| Deferred income taxes | 11.9 |
| | 615.7 |
| | 394.6 |
| | — |
| | 1,022.2 |
| Intercompany notes payable | — |
| | 4,619.8 |
| | 2,153.8 |
| | (6,773.6 | ) | | — |
| Other liabilities | 29.9 |
| | 16.8 |
| | 115.8 |
| | — |
| | 162.5 |
| Total liabilities | 31,560.1 |
| | 23,422.1 |
| | 15,164.3 |
| | (59,873.3 | ) | | 10,273.2 |
| Total CBI stockholders’ equity | 6,559.6 |
| | 12,383.3 |
| | 9,273.1 |
| | (21,656.4 | ) | | 6,559.6 |
| Noncontrolling interests | — |
| | — |
| | 132.2 |
| | — |
| | 132.2 |
| Total stockholders’ equity | 6,559.6 |
| | 12,383.3 |
| | 9,405.3 |
| | (21,656.4 | ) | | 6,691.8 |
| Total liabilities and stockholders’ equity | $ | 38,119.7 |
| | $ | 35,805.4 |
| | $ | 24,569.6 |
| | $ | (81,529.7 | ) | | $ | 16,965.0 |
|
|
Condensed Consolidating Statement of Comprehensive Income |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2017 | Sales | $ | 698.8 |
| | $ | 1,753.2 |
| | $ | 903.3 |
| | $ | (1,240.0 | ) | | $ | 2,115.3 |
| Less – excise taxes | (83.6 | ) | | (93.4 | ) | | (2.8 | ) | | — |
| | (179.8 | ) | Net sales | 615.2 |
| | 1,659.8 |
| | 900.5 |
| | (1,240.0 | ) | | 1,935.5 |
| Cost of product sold | (477.2 | ) | | (1,214.6 | ) | | (470.3 | ) | | 1,221.9 |
| | (940.2 | ) | Gross profit | 138.0 |
| | 445.2 |
| | 430.2 |
| | (18.1 | ) | | 995.3 |
| Selling, general and administrative expenses | (105.0 | ) | | (281.5 | ) | | (43.5 | ) | | 2.8 |
| | (427.2 | ) | Operating income | 33.0 |
| | 163.7 |
| | 386.7 |
| | (15.3 | ) | | 568.1 |
| Equity in earnings (losses) of equity method investees and subsidiaries | 433.5 |
| | (11.5 | ) | | 116.2 |
| | (537.8 | ) | | 0.4 |
| Interest income | — |
| | — |
| | 0.1 |
| | — |
| | 0.1 |
| Intercompany interest income | 57.9 |
| | 117.4 |
| | 1.2 |
| | (176.5 | ) | | — |
| Interest expense | (65.2 | ) | | (0.3 | ) | | (17.0 | ) | | — |
| | (82.5 | ) | Intercompany interest expense | (93.3 | ) | | (49.3 | ) | | (33.9 | ) | | 176.5 |
| | — |
| Loss on write-off of debt issuance costs | (6.7 | ) | | — |
| | — |
| | — |
| | (6.7 | ) | Income before income taxes | 359.2 |
| | 220.0 |
| | 453.3 |
| | (553.1 | ) | | 479.4 |
| (Provision for) benefit from income taxes | 43.6 |
| | (69.6 | ) | | (31.9 | ) | | (16.2 | ) | | (74.1 | ) | Net income | 402.8 |
| | 150.4 |
| | 421.4 |
| | (569.3 | ) | | 405.3 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (2.5 | ) | | — |
| | (2.5 | ) | Net income attributable to CBI | $ | 402.8 |
| | $ | 150.4 |
| | $ | 418.9 |
| | $ | (569.3 | ) | | $ | 402.8 |
| | | | | | | | | | | Comprehensive income attributable to CBI | $ | 590.3 |
| | $ | 151.3 |
| | $ | 607.6 |
| | $ | (758.9 | ) | | $ | 590.3 |
| | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended May 31, 2016 | Sales | $ | 623.7 |
| | $ | 1,643.9 |
| | $ | 1,003.6 |
| | $ | (1,218.2 | ) | | $ | 2,053.0 |
| Less – excise taxes | (78.0 | ) | | (86.8 | ) | | (16.4 | ) | | — |
| | (181.2 | ) | Net sales | 545.7 |
| | 1,557.1 |
| | 987.2 |
| | (1,218.2 | ) | | 1,871.8 |
| Cost of product sold | (451.4 | ) | | (1,146.8 | ) | | (569.5 | ) | | 1,177.2 |
| | (990.5 | ) | Gross profit | 94.3 |
| | 410.3 |
| | 417.7 |
| | (41.0 | ) | | 881.3 |
| Selling, general and administrative expenses | (91.4 | ) | | (173.6 | ) | | (69.1 | ) | | 5.5 |
| | (328.6 | ) | Operating income | 2.9 |
| | 236.7 |
| | 348.6 |
| | (35.5 | ) | | 552.7 |
| Equity in earnings (losses) of equity method investees and subsidiaries | 369.0 |
| | (11.3 | ) | | 100.5 |
| | (457.5 | ) | | 0.7 |
| Interest income | 0.1 |
| | — |
| | 0.3 |
| | — |
| | 0.4 |
| Intercompany interest income | 57.4 |
| | 96.0 |
| | 0.9 |
| | (154.3 | ) | | — |
| Interest expense | (74.3 | ) | | (0.4 | ) | | (10.3 | ) | | — |
| | (85.0 | ) | Intercompany interest expense | (73.2 | ) | | (51.7 | ) | | (29.4 | ) | | 154.3 |
| | — |
| Income before income taxes | 281.9 |
| | 269.3 |
| | 410.6 |
| | (493.0 | ) | | 468.8 |
| (Provision for) benefit from income taxes | 36.4 |
| | (103.0 | ) | | (94.5 | ) | | 11.4 |
| | (149.7 | ) | Net income | 318.3 |
| | 166.3 |
| | 316.1 |
| | (481.6 | ) | | 319.1 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (0.8 | ) | | — |
| | (0.8 | ) | Net income attributable to CBI | $ | 318.3 |
| | $ | 166.3 |
| | $ | 315.3 |
| | $ | (481.6 | ) | | $ | 318.3 |
| | | | | | | | | | | Comprehensive income attributable to CBI | $ | 314.3 |
| | $ | 165.2 |
| | $ | 312.0 |
| | $ | (477.2 | ) | | $ | 314.3 |
|
|
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the Year Ended February 28, 2017 | Sales | $ | 2,832.6 |
| | $ | 6,254.4 |
| | $ | 3,535.1 |
| | $ | (4,560.5 | ) | | $ | 8,061.6 |
| Less – excise taxes | (351.9 | ) | | (320.8 | ) | | (57.4 | ) | | — |
| | (730.1 | ) | Net sales | 2,480.7 |
| | 5,933.6 |
| | 3,477.7 |
| | (4,560.5 | ) | | 7,331.5 |
| Cost of product sold | (1,974.5 | ) | | (4,373.8 | ) | | (1,949.9 | ) | | 4,496.1 |
| | (3,802.1 | ) | Gross profit | 506.2 |
| | 1,559.8 |
| | 1,527.8 |
| | (64.4 | ) | | 3,529.4 |
| Selling, general and administrative expenses | (417.2 | ) | | (707.5 | ) | | (290.5 | ) | | 22.8 |
| | (1,392.4 | ) | Gain on sale of business | (23.4 | ) | | (4.3 | ) | | 290.1 |
| | — |
| | 262.4 |
| Operating income | 65.6 |
| | 848.0 |
| | 1,527.4 |
| | (41.6 | ) | | 2,399.4 |
| Equity in earnings (losses) of equity method investees and subsidiaries | 1,657.4 |
| | (31.1 | ) | | 411.7 |
| | (2,010.7 | ) | | 27.3 |
| Interest income | 0.4 |
| | — |
| | 1.4 |
| | — |
| | 1.8 |
| Intercompany interest income | 227.1 |
| | 402.7 |
| | 3.6 |
| | (633.4 | ) | | — |
| Interest expense | (280.0 | ) | | (1.5 | ) | | (53.6 | ) | | — |
| | (335.1 | ) | Intercompany interest expense | (311.1 | ) | | (197.4 | ) | | (124.9 | ) | | 633.4 |
| | — |
| Income before income taxes | 1,359.4 |
| | 1,020.7 |
| | 1,765.6 |
| | (2,052.3 | ) | | 2,093.4 |
| (Provision for) benefit from income taxes | 175.7 |
| | (385.8 | ) | | (347.6 | ) | | 3.5 |
| | (554.2 | ) | Net income | 1,535.1 |
| | 634.9 |
| | 1,418.0 |
| | (2,048.8 | ) | | 1,539.2 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (4.1 | ) | | — |
| | (4.1 | ) | Net income attributable to CBI | $ | 1,535.1 |
| | $ | 634.9 |
| | $ | 1,413.9 |
| | $ | (2,048.8 | ) | | $ | 1,535.1 |
| | | | | | | | | | | Comprehensive income attributable to CBI | $ | 1,587.8 |
| | $ | 634.8 |
| | $ | 1,436.3 |
| | $ | (2,071.1 | ) | | $ | 1,587.8 |
| | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the Year Ended February 29, 2016 | Sales | $ | 2,522.8 |
| | $ | 5,491.3 |
| | $ | 3,138.7 |
| | $ | (3,929.0 | ) | | $ | 7,223.8 |
| Less – excise taxes | (332.6 | ) | | (280.9 | ) | | (61.9 | ) | | — |
| | (675.4 | ) | Net sales | 2,190.2 |
| | 5,210.4 |
| | 3,076.8 |
| | (3,929.0 | ) | | 6,548.4 |
| Cost of product sold | (1,759.6 | ) | | (3,835.4 | ) | | (1,894.6 | ) | | 3,883.5 |
| | (3,606.1 | ) | Gross profit | 430.6 |
| | 1,375.0 |
| | 1,182.2 |
| | (45.5 | ) | | 2,942.3 |
| Selling, general and administrative expenses | (378.4 | ) | | (595.1 | ) | | (224.5 | ) | | 20.8 |
| | (1,177.2 | ) | Operating income | 52.2 |
| | 779.9 |
| | 957.7 |
| | (24.7 | ) | | 1,765.1 |
| Equity in earnings (losses) of equity method investees and subsidiaries | 1,224.2 |
| | (30.5 | ) | | 373.0 |
| | (1,540.1 | ) | | 26.6 |
| Dividend income | — |
| | — |
| | 24.5 |
| | — |
| | 24.5 |
| Interest income | 0.2 |
| | — |
| | 0.6 |
| | — |
| | 0.8 |
| Intercompany interest income | 191.4 |
| | 354.3 |
| | 3.4 |
| | (549.1 | ) | | — |
| Interest expense | (290.1 | ) | | (1.2 | ) | | (23.4 | ) | | — |
| | (314.7 | ) | Intercompany interest expense | (267.4 | ) | | (173.7 | ) | | (108.0 | ) | | 549.1 |
| | — |
| Loss on write-off of debt issuance costs | (0.4 | ) | | — |
| | (0.7 | ) | | — |
| | (1.1 | ) | Income before income taxes | 910.1 |
| | 928.8 |
| | 1,227.1 |
| | (1,564.8 | ) | | 1,501.2 |
| (Provision for) benefit from income taxes | 144.8 |
| | (351.4 | ) | | (242.3 | ) | | 8.3 |
| | (440.6 | ) | Net income | 1,054.9 |
| | 577.4 |
| | 984.8 |
| | (1,556.5 | ) | | 1,060.6 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (5.7 | ) | | — |
| | (5.7 | ) | Net income attributable to CBI | $ | 1,054.9 |
| | $ | 577.4 |
| | $ | 979.1 |
| | $ | (1,556.5 | ) | | $ | 1,054.9 |
| | | | | | | | | | | Comprehensive income attributable to CBI | $ | 733.3 |
| | $ | 575.7 |
| | $ | 651.8 |
| | $ | (1,227.5 | ) | | $ | 733.3 |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the Year Ended February 28, 2015 | Sales | $ | 2,406.4 |
| | $ | 4,936.9 |
| | $ | 3,107.3 |
| | $ | (3,778.5 | ) | | $ | 6,672.1 |
| Less – excise taxes | (324.8 | ) | | (251.4 | ) | | (67.9 | ) | | — |
| | (644.1 | ) | Net sales | 2,081.6 |
| | 4,685.5 |
| | 3,039.4 |
| | (3,778.5 | ) | | 6,028.0 |
| Cost of product sold | (1,678.4 | ) | | (3,574.7 | ) | | (1,924.6 | ) | | 3,728.3 |
| | (3,449.4 | ) | Gross profit | 403.2 |
| | 1,110.8 |
| | 1,114.8 |
| | (50.2 | ) | | 2,578.6 |
| Selling, general and administrative expenses | (388.2 | ) | | (454.0 | ) | | (251.4 | ) | | 15.2 |
| | (1,078.4 | ) | Operating income | 15.0 |
| | 656.8 |
| | 863.4 |
| | (35.0 | ) | | 1,500.2 |
| Equity in earnings (losses) of equity method investees and subsidiaries | 828.0 |
| | (30.6 | ) | | 289.4 |
| | (1,065.3 | ) | | 21.5 |
| Interest income | 0.1 |
| | — |
| | 1.3 |
| | — |
| | 1.4 |
| Intercompany interest income | 177.8 |
| | 304.8 |
| | 2.3 |
| | (484.9 | ) | | — |
| Interest expense | (296.4 | ) | | (1.4 | ) | | (41.3 | ) | | — |
| | (339.1 | ) | Intercompany interest expense | (222.0 | ) | | (161.8 | ) | | (101.1 | ) | | 484.9 |
| | — |
| Loss on write-off of debt issuance costs | — |
| | — |
| | (4.4 | ) | | — |
| | (4.4 | ) | Income before income taxes | 502.5 |
| | 767.8 |
| | 1,009.6 |
| | (1,100.3 | ) | | 1,179.6 |
| (Provision for) benefit from income taxes | 336.8 |
| | (291.8 | ) | | (399.4 | ) | | 11.0 |
| | (343.4 | ) | Net income | 839.3 |
| | 476.0 |
| | 610.2 |
| | (1,089.3 | ) | | 836.2 |
| Net loss attributable to noncontrolling interests | — |
| | — |
| | 3.1 |
| | — |
| | 3.1 |
| Net income attributable to CBI | $ | 839.3 |
| | $ | 476.0 |
| | $ | 613.3 |
| | $ | (1,089.3 | ) | | $ | 839.3 |
| | | | | | | | | | | Comprehensive income attributable to CBI | $ | 622.4 |
| | $ | 476.7 |
| | $ | 390.5 |
| | $ | (867.2 | ) | | $ | 622.4 |
|
|
Condensed Consolidating Statement of Cash Flows |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2017 | Net cash provided by (used in) operating activities | $ | (161.0 | ) | | $ | 488.9 |
| | $ | 53.7 |
| | $ | — |
| | $ | 381.6 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Purchases of property, plant and equipment | (4.8 | ) | | (21.9 | ) | | (190.4 | ) | | — |
| | (217.1 | ) | Payments related to sale of business | — |
| | — |
| | (5.0 | ) | | — |
| | (5.0 | ) | Net proceeds from intercompany notes | 419.3 |
| | — |
| | 0.9 |
| | (420.2 | ) | | — |
| Net investments in equity affiliates | (5.8 | ) | | — |
| | — |
| | 5.8 |
| | — |
| Other investing activities | — |
| | — |
| | 0.8 |
| | — |
| | 0.8 |
| Net cash provided by (used in) investing activities | 408.7 |
| | (21.9 | ) | | (193.7 | ) | | (414.4 | ) | | (221.3 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends paid to parent company | — |
| | — |
| | (8.0 | ) | | 8.0 |
| | — |
| Net contributions from equity affiliates | — |
| | 11.3 |
| | 2.5 |
| | (13.8 | ) | | — |
| Net proceeds from (repayments of) intercompany notes | (1.7 | ) | | (450.9 | ) | | 32.4 |
| | 420.2 |
| | — |
| Principal payments of long-term debt | (1,876.8 | ) | | (4.9 | ) | | (31.7 | ) | | — |
| | (1,913.4 | ) | Dividends paid | (100.5 | ) | | — |
| | — |
| | — |
| | (100.5 | ) | Payments of minimum tax withholdings on stock-based payment awards | — |
| | (21.4 | ) | | (0.9 | ) | | — |
| | (22.3 | ) | Payments of debt issuance costs | (11.8 | ) | | — |
| | — |
| | — |
| | (11.8 | ) | Proceeds from issuance of long-term debt | 1,495.5 |
| | — |
| | 13.0 |
| | — |
| | 1,508.5 |
| Net proceeds from notes payable | 254.0 |
| | — |
| | 127.3 |
| | — |
| | 381.3 |
| Proceeds from shares issued under equity compensation plans | 16.6 |
| | — |
| | — |
| | — |
| | 16.6 |
| Net cash provided by (used in) financing activities | (224.7 | ) | | (465.9 | ) | | 134.6 |
| | 414.4 |
| | (141.6 | ) | | | | | | | | | | | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | 3.0 |
| | — |
| | 3.0 |
| | | | | | | | | | | Net increase (decrease) in cash and cash equivalents | 23.0 |
| | 1.1 |
| | (2.4 | ) | | — |
| | 21.7 |
| Cash and cash equivalents, beginning of period | 9.6 |
| | 5.3 |
| | 162.5 |
| | — |
| | 177.4 |
| Cash and cash equivalents, end of period | $ | 32.6 |
| | $ | 6.4 |
| | $ | 160.1 |
| | $ | — |
| | $ | 199.1 |
| | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Cash Flows for the Three Months Ended May 31, 2016 | Net cash provided by operating activities | $ | 128.2 |
| | $ | 38.5 |
| | $ | 529.2 |
| | $ | (350.0 | ) | | $ | 345.9 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Purchases of property, plant and equipment | (4.1 | ) | | (14.9 | ) | | (150.4 | ) | | — |
| | (169.4 | ) | Purchase of business | — |
| | — |
| | (284.9 | ) | | — |
| | (284.9 | ) | Net repayments of intercompany notes | (377.2 | ) | | — |
| | — |
| | 377.2 |
| | — |
| Net returns of capital from equity affiliates | 4.8 |
| | — |
| | — |
| | (4.8 | ) | | — |
| Other investing activities | 0.1 |
| | — |
| | 0.3 |
| | — |
| | 0.4 |
| Net cash used in investing activities | (376.4 | ) | | (14.9 | ) | | (435.0 | ) | | 372.4 |
| | (453.9 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends paid to parent company | — |
| | — |
| | (357.0 | ) | | 357.0 |
| | — |
| Net contributions from equity affiliates | — |
| | — |
| | 2.2 |
| | (2.2 | ) | | — |
| Net proceeds from intercompany notes | 275.5 |
| | 27.6 |
| | 74.1 |
| | (377.2 | ) | | — |
| Principal payments of long-term debt | (16.5 | ) | | (5.9 | ) | | (71.8 | ) | | — |
| | (94.2 | ) | Dividends paid | (79.3 | ) | | — |
| | — |
| | — |
| | (79.3 | ) | Payments of minimum tax withholdings on stock-based payment awards | — |
| | (42.5 | ) | | (3.0 | ) | | — |
| | (45.5 | ) | Payments of debt issuance costs | — |
| | — |
| | (3.2 | ) | | — |
| | (3.2 | ) | Proceeds from issuance of long-term debt | — |
| | — |
| | 709.5 |
| | — |
| | 709.5 |
| Net repayments of notes payable | — |
| | — |
| | (379.1 | ) | | — |
| | (379.1 | ) | Proceeds from shares issued under equity compensation plans | 15.9 |
| | — |
| | — |
| | — |
| | 15.9 |
| Excess tax benefits from stock-based payment awards | 68.8 |
| | — |
| | — |
| | — |
| | 68.8 |
| Purchases of treasury stock | (1.0 | ) | | — |
| | — |
| | — |
| | (1.0 | ) | Net cash provided by (used in) financing activities | 263.4 |
| | (20.8 | ) | | (28.3 | ) | | (22.4 | ) | | 191.9 |
| | | | | | | | | | | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | 0.3 |
| | — |
| | 0.3 |
| | | | | | | | | | | Net increase in cash and cash equivalents | 15.2 |
| | 2.8 |
| | 66.2 |
| | — |
| | 84.2 |
| Cash and cash equivalents, beginning of period | 6.0 |
| | 3.6 |
| | 73.5 |
| | — |
| | 83.1 |
| Cash and cash equivalents, end of period | $ | 21.2 |
| | $ | 6.4 |
| | $ | 139.7 |
| | $ | — |
| | $ | 167.3 |
|
|
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Cash Flows for the Year Ended February 28, 2017 | Net cash provided by operating activities | $ | 341.4 |
| | $ | 1,051.5 |
| | $ | 958.5 |
| | $ | (655.4 | ) | | $ | 1,696.0 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Purchases of businesses, net of cash acquired | — |
| | — |
| | (1,111.0 | ) | | — |
| | (1,111.0 | ) | Purchases of property, plant and equipment | (12.8 | ) | | (89.8 | ) | | (804.8 | ) | | — |
| | (907.4 | ) | Proceeds from sale of business | (9.9 | ) | | — |
| | 585.2 |
| | — |
| | 575.3 |
| Net proceeds from intercompany notes | 422.0 |
| | — |
| | — |
| | (422.0 | ) | | — |
| Net returns of capital from equity affiliates | 470.7 |
| | — |
| | — |
| | (470.7 | ) | | — |
| Other investing activities | 0.7 |
| | (0.1 | ) | | (19.3 | ) | | — |
| | (18.7 | ) | Net cash provided by (used in) investing activities | 870.7 |
| | (89.9 | ) | | (1,349.9 | ) | | (892.7 | ) | | (1,461.8 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends paid to parent company | — |
| | — |
| | (868.7 | ) | | 868.7 |
| | — |
| Net returns of capital to equity affiliates | — |
| | (22.0 | ) | | (235.4 | ) | | 257.4 |
| | — |
| Net proceeds from (repayments of) intercompany notes | (20.2 | ) | | (855.4 | ) | | 453.6 |
| | 422.0 |
| | — |
| Purchases of treasury stock | (1,122.7 | ) | | — |
| | — |
| | — |
| | (1,122.7 | ) | Principal payments of long-term debt | (767.6 | ) | | (20.6 | ) | | (183.6 | ) | | — |
| | (971.8 | ) | Dividends paid | (315.1 | ) | | — |
| | — |
| | — |
| | (315.1 | ) | Payments of minimum tax withholdings on stock-based payment awards | — |
| | (61.9 | ) | | (3.0 | ) | | — |
| | (64.9 | ) | Payments of debt issuance costs and other financing costs | (5.0 | ) | | — |
| | (9.1 | ) | | — |
| | (14.1 | ) | Proceeds from issuance of long-term debt | 600.0 |
| | — |
| | 1,365.6 |
| | — |
| | 1,965.6 |
| Net proceeds from (repayments of) notes payable | 231.0 |
| | — |
| | (33.9 | ) | | — |
| | 197.1 |
| Excess tax benefits from stock-based payment awards | 131.4 |
| | — |
| | — |
| | — |
| | 131.4 |
| Proceeds from shares issued under equity compensation plans | 59.7 |
| | — |
| | — |
| | — |
| | 59.7 |
| Net cash provided by (used in) financing activities | (1,208.5 | ) | | (959.9 | ) | | 485.5 |
| | 1,548.1 |
| | (134.8 | ) | | | | | | | | | | | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | (5.1 | ) | | — |
| | (5.1 | ) | | | | | | | | | | | Net increase in cash and cash equivalents | 3.6 |
| | 1.7 |
| | 89.0 |
| | — |
| | 94.3 |
| Cash and cash equivalents, beginning of year | 6.0 |
| | 3.6 |
| | 73.5 |
| | — |
| | 83.1 |
| Cash and cash equivalents, end of year | $ | 9.6 |
| | $ | 5.3 |
| | $ | 162.5 |
| | $ | — |
| | $ | 177.4 |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Cash Flows for the Year Ended February 29, 2016 | Net cash provided by (used in) operating activities | $ | (448.7 | ) | | $ | 1,299.5 |
| | $ | 617.7 |
| | $ | (54.8 | ) | | $ | 1,413.7 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Purchases of businesses, net of cash acquired | (998.5 | ) | | (316.2 | ) | | (1.7 | ) | | — |
| | (1,316.4 | ) | Purchases of property, plant and equipment | (14.1 | ) | | (52.3 | ) | | (824.9 | ) | | — |
| | (891.3 | ) | Net proceeds from intercompany notes | 842.4 |
| | — |
| | — |
| | (842.4 | ) | | — |
| Net investments in equity affiliates | (216.7 | ) | | — |
| | — |
| | 216.7 |
| | — |
| Other investing activities | 3.5 |
| | 0.2 |
| | (3.4 | ) | | — |
| | 0.3 |
| Net cash used in investing activities | (383.4 | ) | | (368.3 | ) | | (830.0 | ) | | (625.7 | ) | | (2,207.4 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends paid to parent company | — |
| | — |
| | (88.8 | ) | | 88.8 |
| | — |
| Net contributions from (returns of) equity affiliates | — |
| | (33.0 | ) | | 283.7 |
| | (250.7 | ) | | — |
| Net proceeds from (repayments of) intercompany notes | 250.4 |
| | (819.8 | ) | | (273.0 | ) | | 842.4 |
| | — |
| Purchases of treasury stock | (33.8 | ) | | — |
| | — |
| | — |
| | (33.8 | ) | Principal payments of long-term debt | (64.5 | ) | | (39.4 | ) | | (104.8 | ) | | — |
| | (208.7 | ) | Dividends paid | (241.6 | ) | | — |
| | — |
| | — |
| | (241.6 | ) | Payments of minimum tax withholdings on stock-based payment awards | — |
| | (35.9 | ) | | (2.7 | ) | | — |
| | (38.6 | ) | Payments of debt issuance costs and other financing costs | (13.3 | ) | | — |
| | — |
| | — |
| | (13.3 | ) | Proceeds from issuance of long-term debt | 600.0 |
| | — |
| | 10.0 |
| | — |
| | 610.0 |
| Net proceeds from notes payable | — |
| | — |
| | 360.6 |
| | — |
| | 360.6 |
| Excess tax benefits from stock-based payment awards | 203.4 |
| | — |
| | — |
| | — |
| | 203.4 |
| Proceeds from shares issued under equity compensation plans | 113.0 |
| | — |
| | — |
| | — |
| | 113.0 |
| Proceeds from noncontrolling interests | — |
| | — |
| | 25.0 |
| | — |
| | 25.0 |
| Net cash provided by (used in) financing activities | 813.6 |
| | (928.1 | ) | | 210.0 |
| | 680.5 |
| | 776.0 |
| | | | | | | | | | | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | (9.3 | ) | | — |
| | (9.3 | ) | | | | | | | | | | | Net increase (decrease) in cash and cash equivalents | (18.5 | ) | | 3.1 |
| | (11.6 | ) | | — |
| | (27.0 | ) | Cash and cash equivalents, beginning of year | 24.5 |
| | 0.5 |
| | 85.1 |
| | — |
| | 110.1 |
| Cash and cash equivalents, end of year | $ | 6.0 |
| | $ | 3.6 |
| | $ | 73.5 |
| | $ | — |
| | $ | 83.1 |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Parent Company | | Subsidiary Guarantors | | Subsidiary Nonguarantors | | Eliminations | | Consolidated | (in millions) | | | | | | | | | | Condensed Consolidating Statement of Cash Flows for the Year Ended February 28, 2015 | Net cash provided by (used in) operating activities | $ | (514.8 | ) | | $ | 834.0 |
| | $ | 800.6 |
| | $ | (38.8 | ) | | $ | 1,081.0 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Purchase of businesses, net of cash acquired | — |
| | — |
| | (310.3 | ) | | — |
| | (310.3 | ) | Purchases of property, plant and equipment | (23.1 | ) | | (36.0 | ) | | (660.3 | ) | | — |
| | (719.4 | ) | Net proceeds from intercompany notes | 485.4 |
| | — |
| | — |
| | (485.4 | ) | | — |
| Net investments in equity affiliates | (41.4 | ) | | — |
| | — |
| | 41.4 |
| | — |
| Other investing activities | (0.1 | ) | | (5.6 | ) | | 19.5 |
| | — |
| | 13.8 |
| Net cash provided by (used in) investing activities | 420.8 |
| | (41.6 | ) | | (951.1 | ) | | (444.0 | ) | | (1,015.9 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends paid to parent company | — |
| | — |
| | (65.8 | ) | | 65.8 |
| | — |
| Net contributions from (returns of capital to) equity affiliates | — |
| | (23.9 | ) | | 92.3 |
| | (68.4 | ) | | — |
| Net proceeds from (repayments of) intercompany notes | (262.8 | ) | | (723.2 | ) | | 500.6 |
| | 485.4 |
| | — |
| Principal payments of long-term debt | (549.2 | ) | | (19.4 | ) | | (37.1 | ) | | — |
| | (605.7 | ) | Payments of minimum tax withholdings on stock-based payment awards | — |
| | (26.1 | ) | | (2.3 | ) | | — |
| | (28.4 | ) | Payments of debt issuance costs and other financing costs | (11.7 | ) | | — |
| | (2.1 | ) | | — |
| | (13.8 | ) | Proceeds from issuance of long-term debt | 800.0 |
| | — |
| | 105.0 |
| | — |
| | 905.0 |
| Net proceeds from notes payable | — |
| | — |
| | 13.1 |
| | — |
| | 13.1 |
| Excess tax benefits from stock-based payment awards | 78.0 |
| | — |
| | — |
| | — |
| | 78.0 |
| Proceeds from shares issued under equity compensation plans | 63.7 |
| | — |
| | — |
| | — |
| | 63.7 |
| Proceeds from noncontrolling interests | — |
| | — |
| | 115.0 |
| | — |
| | 115.0 |
| Payment of delayed purchase price arrangement | — |
| | — |
| | (543.3 | ) | | — |
| | (543.3 | ) | Net cash provided by (used in) financing activities | 118.0 |
| | (792.6 | ) | | 175.4 |
| | 482.8 |
| | (16.4 | ) | | | | | | | | | | | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | (2.5 | ) | | — |
| | (2.5 | ) | | | | | | | | | | | Net increase (decrease) in cash and cash equivalents | 24.0 |
| | (0.2 | ) | | 22.4 |
| | — |
| | 46.2 |
| Cash and cash equivalents, beginning of year | 0.5 |
| | 0.7 |
| | 62.7 |
| | — |
| | 63.9 |
| Cash and cash equivalents, end of year | $ | 24.5 |
| | $ | 0.5 |
| | $ | 85.1 |
| | $ | — |
| | $ | 110.1 |
|
|