Net Income (Loss) Per Common Share Attributable to CBI (Tables)

9 Months Ended

Nov. 30, 2022

Earnings Per Share [Abstract]

Basic and diluted net income (loss) per common share attributable to CBI

The computation of basic and diluted net income (loss) per common share are as follows:

	For the Nine Months Ended
	November 30, 2022				November 30, 2021
	Class A Stock		Class B Stock (1)		Class A Stock		Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic	$	(247.3)	$	(46.7)	$	(386.9)	$	(48.9)
Conversion of Class B common shares into Class A common shares	—		—		—		—
Effect of stock-based awards on allocated net income (loss)	—		—		—		—
Net income (loss) attributable to CBI allocated – diluted	$	(247.3)	$	(46.7)	$	(386.9)	$	(48.9)
Weighted average common shares outstanding – basic	164.573		23.206		167.692		23.230
Conversion of Class B common shares into Class A common shares (2)	—		—		—		—
Stock-based awards, primarily stock options (2)	—		—		—		—
Weighted average common shares outstanding – diluted	164.573		23.206		167.692		23.230
Net income (loss) per common share attributable to CBI – basic	$	(1.48)	$	(2.01)	$	(2.31)	$	(2.10)
Net income (loss) per common share attributable to CBI – diluted	$	(1.48)	$	(2.01)	$	(2.31)	$	(2.10)
	For the Three Months Ended
	November 30, 2022				November 30, 2021
	Class A Stock		Class B Stock (1)		Class A Stock		Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic	$	426.3	$	41.4	$	417.4	$	53.4
Conversion of Class B common shares into Class A common shares	41.4		—		53.4		—
Effect of stock-based awards on allocated net income (loss)	—		(0.1)		—		(0.3)
Net income (loss) attributable to CBI allocated – diluted	$	467.7	$	41.3	$	470.8	$	53.1
Weighted average common shares outstanding – basic	166.677		23.206		164.999		23.222
Conversion of Class B common shares into Class A common shares	17.850		—		23.222		—
Stock-based awards, primarily stock options	0.764		—		1.718		—
Weighted average common shares outstanding – diluted	185.291		23.206		189.939		23.222
Net income (loss) per common share attributable to CBI – basic	$	2.58	$	1.78	$	2.53	$	2.30
Net income (loss) per common share attributable to CBI – diluted	$	2.52	$	1.78	$	2.48	$	2.29

(1)	Net income (loss) per common share attributable to CBI for Class B Stock was determined for the relevant periods through November 10, 2022, the date the Reclassification was completed.
(2)	We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive, in millions:
			For the Nine Months Ended November 30,
			2022	2021
		Class B Stock	21.434	23.230
		Stock-based awards, primarily stock options	0.786	1.807