Equity Method Investments (Tables)

6 Months Ended

Aug. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments

Our equity method investments are as follows:

	August 31, 2023				February 28, 2023
	Carrying Value		Ownership Percentage		Carrying Value		Ownership Percentage
(in millions)
Canopy Equity Method Investment (1)	$	134.8	27.4	%	$	485.8	34.7	%
Other equity method investments	142.3		20%-50%		177.5		20%-50%
	$	277.1			$	663.3

(1)The fair value based on the closing price of the underlying equity security as of August 31, 2023, and February 28, 2023, was $97.8 million and $398.4 million, respectively.

Amounts included in our consolidated results of operations for each period are as follows:

	For the Six Months Ended August 31,				For the Three Months Ended August 31,
	2023		2022		2023		2022
(in millions)
Equity in earnings (losses) from Canopy and related activities	$	(231.8)	$	(815.7)	$	(12.0)	$	(650.7)