XML 89 R49.htm IDEA: XBRL DOCUMENT
v3.26.1

Borrowings (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2026
Debt Disclosure [Abstract] |
Borrowings | Borrowings consist of the following:
| February 28, 2026 |  | February 28, 2025
| Current |  | Long-term |  | Total |  | Total
(in millions) |  |  |  |  |  |  |
Short-term borrowings |  |  |  |  |  |  |
Commercial paper | $ | 272.0 |  |  |  |  |  | $ | 806.7
| $ | 272.0 |  |  |  |  |  | $ | 806.7
Long-term debt |  |  |  |  |  |  |
Senior notes | $ | 599.5 |  | $ | 9,685.8 |  | $ | 10,285.3 |  | $ | 10,682.3
Other | 4.1 |  | 7.1 |  | 11.2 |  | 8.7
| $ | 603.6 |  | $ | 9,692.9 |  | $ | 10,296.5 |  | $ | 10,691.0
Information with respect to borrowings under our bank facilities is as follows:
| Outstanding borrowings |  | Interest rate |  | SOFR margin |  | Outstanding letters of credit |  | Remaining borrowing capacity
(in millions) |  |  |  |  |  |  |  |  |
February 28, 2026 |  |  |  |  |  |  |  |  |
Revolving credit facility (1) (2) (3) | $ | — |  | —% |  | —% |  | $ | 11.3 |  | $ | 1,966.6
February 28, 2025 |  |  |  |  |  |  |  |  |
Revolving credit facility (2) (3) (4) | $ | — |  | —% |  | —% |  | $ | 11.3 |  | $ | 1,430.7
(1)Net of outstanding revolving credit facility borrowings and outstanding letters of credit under the 2025 Credit Agreement, and outstanding borrowings under our commercial paper program of $272.1 million (excluding unamortized discount) (see “Commercial paper program” below). (2)Contractual interest rate varies based on our debt rating (as defined in the agreement) and is a function of SOFR plus a margin and a credit spread adjustment, or the base rate plus a margin, or, in certain circumstances where SOFR cannot be adequately ascertained or available, an alternative benchmark rate plus a margin. (3)We and/or CB International are the borrower under the $2,250.0 million revolving credit facility. Includes a sub-facility for letters of credit of up to $200.0 million. (4)Net of outstanding revolving credit facility borrowings and outstanding letters of credit under our then-existing senior credit facility, and outstanding borrowings under our commercial paper program of $808.0 million (excluding unamortized discount) (see “Commercial paper program” below). Information with respect to our outstanding commercial paper borrowings is as follows:
| February 28, 2026 |  | February 28, 2025
(in millions) |  |  |
Outstanding borrowings (1) | $ | 272.0 |  |  | $ | 806.7
Weighted average annual interest rate | 3.9% |  | 4.7%
Weighted average remaining term | 6 days |  | 13 days
(1)Outstanding commercial paper borrowings are net of unamortized discount. ur senior notes, all of which are senior unsecured obligations that rank equally in right of payment to all of our existing and future senior unsecured indebtedness, is as follows:
|  |  | Date of |  | Outstanding Balance (1)
| Principal |  | Issuance |  | Maturity |  | Interest Payments |  | February 28, 2026 |  | February 28, 2025
(in millions) |  |  |  |  |  |  |  |  |  |  |
4.75% Senior Notes (2) | $ | 400.0 |  | Dec 2015 |  | Dec 2025 |  | Jun/Dec |  | $ | — |  |  | $ | 399.5 |
3.70% Senior Notes (3) | $ | 600.0 |  | Dec 2016 |  | Dec 2026 |  | Jun/Dec |  | 599.5 |  |  | 598.9 |
3.50% Senior Notes (3) | $ | 500.0 |  | May 2017 |  | May 2027 |  | May/Nov |  | 499.3 |  |  | 498.8 |
4.50% Senior Notes (3) | $ | 500.0 |  | May 2017 |  | May 2047 |  | May/Nov |  | 494.4 |  |  | 494.2 |
3.60% Senior Notes (3) | $ | 700.0 |  | Feb 2018 |  | Feb 2028 |  | Feb/Aug |  | 698.6 |  |  | 697.9 |
4.10% Senior Notes (3) | $ | 600.0 |  | Feb 2018 |  | Feb 2048 |  | Feb/Aug |  | 593.7 |  |  | 593.4 |
4.40% Senior Notes | $ | 500.0 |  | Oct 2018 |  | Nov 2025 |  | May/Nov |  | — |  |  | 499.5 |
4.65% Senior Notes (3) | $ | 500.0 |  | Oct 2018 |  | Nov 2028 |  | May/Nov |  | 498.5 |  |  | 497.9 |
5.25% Senior Notes (3) | $ | 500.0 |  | Oct 2018 |  | Nov 2048 |  | May/Nov |  | 494.3 |  |  | 494.1 |
3.15% Senior Notes (3) | $ | 800.0 |  | Jul 2019 |  | Aug 2029 |  | Feb/Aug |  | 797.6 |  |  | 796.8 |
2.875% Senior Notes (3) | $ | 600.0 |  | Apr 2020 |  | May 2030 |  | May/Nov |  | 597.4 |  |  | 596.8 |
3.75% Senior Notes (3) | $ | 600.0 |  | Apr 2020 |  | May 2050 |  | May/Nov |  | 591.3 |  |  | 591.0 |
2.25% Senior Notes (3) | $ | 1,000.0 |  | Jul 2021 |  | Aug 2031 |  | Feb/Aug |  | 993.1 |  |  | 991.8 |
4.35% Senior Notes (3) | $ | 600.0 |  | May 2022 |  | May 2027 |  | May/Nov |  | 599.2 |  |  | 598.4 |
4.75% Senior Notes (3) | $ | 700.0 |  | May 2022 |  | May 2032 |  | May/Nov |  | 695.7 |  |  | 695.0 |
5.00% Senior Notes (4) | $ | 500.0 |  | Feb 2023 |  | Feb 2026 |  | Feb/Aug |  | — |  |  | 499.0 |
4.90% Senior Notes (3) | $ | 750.0 |  | May 2023 |  | May 2033 |  | May/Nov |  | 742.7 |  |  | 741.6 |
4.80% Senior Notes (3) | $ | 400.0 |  | Jan 2024 |  | Jan 2029 |  | Jan/Jul |  | 398.3 |  |  | 397.7 |
4.80% Senior Notes (3) | $ | 500.0 |  | May 2025 |  | May 2030 |  | May/Nov |  | 496.5 |  |  | — |
4.95% Senior Notes (3) | $ | 500.0 |  | Oct 2025 |  | Nov 2035 |  | May/Nov |  | 495.2 |  |  | — |
|  |  |  |  |  |  |  |  | $ | 10,285.3 |  |  | $ | 10,682.3 |
(1)Amounts are net of unamortized debt issuance costs and unamortized discounts, where applicable. (2)Redeemed prior to maturity in July 2025, using proceeds from the 2025 Wine Divestitures and cash on hand, at a redemption price equal to 100% of the outstanding principal amount plus accrued and unpaid interest. (3)Redeemable, in whole or in part, at our option at any time prior to the stated redemption date at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest and a make-whole payment based on the present value of the future payments at the applicable treasury rate plus the stated basis points. On or after the stated redemption date, the notes are redeemable, in whole or in part, at our option at any time at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest.
| Redemption
| Stated Redemption Date |  | Stated Basis Points
3.70% Senior Notes due December 2026 | Sept 2026 |  | 25
3.50% Senior Notes due May 2027 | Feb 2027 |  | 20
4.50% Senior Notes due May 2047 | Nov 2046 |  | 25
3.60% Senior Notes due February 2028 | Nov 2027 |  | 15
4.10% Senior Notes due February 2048 | Aug 2047 |  | 20
4.65% Senior Notes due November 2028 | Aug 2028 |  | 25
| Redemption
| Stated Redemption Date |  | Stated Basis Points
5.25% Senior Notes due November 2048 | May 2048 |  | 30
3.15% Senior Notes due August 2029 | May 2029 |  | 20
2.875% Senior Notes due May 2030 | Feb 2030 |  | 35
3.75% Senior Notes due May 2050 | Nov 2049 |  | 40
2.25% Senior Notes due August 2031 | May 2031 |  | 15
4.35% Senior Notes due May 2027 | Apr 2027 |  | 25
4.75% Senior Notes due May 2032 | Feb 2032 |  | 30
4.90% Senior Notes due May 2033 | Feb 2033 |  | 25
4.80% Senior Notes due January 2029 | Dec 2028 |  | 15
4.80% Senior Notes due May 2030 | Apr 2030 |  | 20
4.95% Senior Notes due November 2035 | Aug 2035 |  | 15
(4)Redeemed prior to maturity in June 2025, using proceeds from the 2025 Wine Divestitures, at a redemption price equal to 100% of the outstanding principal amount plus accrued and unpaid interest.
Schedule of maturities of long-term debt | As of February 28, 2026, the required principal repayments under long-term debt obligations (excluding unamortized debt issuance costs and unamortized discounts of $44.6 million and $20.1 million, respectively) for each of the five succeeding fiscal years and thereafter are as follows:
(in millions) |
Fiscal 2027 | $ | 604.1
Fiscal 2028 | 1,802.6
Fiscal 2029 | 901.2
Fiscal 2030 | 801.3
Fiscal 2031 | 1,101.4
Thereafter | 5,150.6
| $ | 10,361.2

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration