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Property, Plant, and Equipment, Net
12 Months Ended
Feb. 28, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT, NET PROPERTY, PLANT, AND EQUIPMENT, NET
The major components of property, plant, and equipment, net are as follows:
February 28, 2026February 28, 2025
(in millions)
Land, land improvements, and vineyards$739.6$565.5
Buildings and improvements2,320.81,907.9
Machinery, equipment, and motor vehicles5,795.85,266.2
Construction in progress (1) (2)
2,759.82,218.1
11,616.09,957.7
Less – Accumulated depreciation(3,095.1)(2,547.9)
$8,520.9$7,409.8
(1)We capitalized $89.7 million, $74.2 million, and $63.7 million of interest costs for the years ended February 28, 2026, February 28, 2025, and February 29, 2024, respectively, primarily due to the Brewery Projects.
(2)Initial production at the Veracruz Brewery is expected to commence around the middle of Fiscal 2027.

For the year ended February 28, 2026, in connection with strategic optimization activities within our Beer segment, we committed to the dismantling and abandonment of certain aged long-lived assets at the Obregón Brewery, resulting in a $57.7 million loss. This loss was included in asset impairment and related expenses within our consolidated results of operations.

In July 2024, we sold the remaining assets classified as held for sale at the Mexicali Brewery.