Inventories (Tables)

9 Months Ended

Nov. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Components of Inventories

Elements of cost include materials, labor, and overhead and consist of the following:

	November 30, 2022		February 28, 2022
(in millions)
Raw materials and supplies	$	227.8	$	185.3
In-process inventories	989.1		804.8
Finished case goods	585.1		583.1
	$	1,802.0	$	1,573.2

We evaluated the carrying value of certain inventories and recognized the following in cost of product sold within our consolidated results of operations:

	For the Nine Months Ended November 30,				For the Three Months Ended November 30,
	2022		2021 (1)		2022		2021
(in millions)
Loss on inventory write-down	$	15.7	$	85.2	$	4.5	$	2.6

(1)We recognized a loss predominantly from excess inventory of hard seltzers, within the Beer segment, largely resulting from a slowdown in the overall category which occurred in early Fiscal 2022.