Inventories

12 Months Ended

Feb. 28, 2023

The components of inventories are as follows:


	February 28, 2023		February 28, 2022
(in millions)
Raw materials and supplies	$	245.5	$	185.3
In-process inventories	967.8		804.8
Finished case goods	685.4		583.1
	$	1,898.7	$	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 Years Ended
	February 28, 2023		February 28, 2022 (1)		February 28, 2021 (2)
(in millions)
Loss on inventory write-down	$	23.1	$	87.7	$	100.7

(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.

(2)We recognized a loss primarily in connection with the write-down of certain grapes, within the Wine and Spirits segment, as a result of smoke damage sustained during the 2020 U.S. wildfires.