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Borrowings (Tables)
 12 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
Borrowings
Borrowings consist of the following:
February 28, 2026February 28,
2025
CurrentLong-termTotalTotal
(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
Other4.17.111.28.7
$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 rate3.9%4.7%
Weighted average remaining term6 days13 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)
PrincipalIssuanceMaturityInterest
Payments		February 28,
2026		February 28,
2025
(in millions)
4.75% Senior Notes (2)
$400.0Dec 2015Dec 2025Jun/Dec$— $399.5 
3.70% Senior Notes (3)
$600.0Dec 2016Dec 2026Jun/Dec599.5 598.9 
3.50% Senior Notes (3)
$500.0May 2017May 2027May/Nov499.3 498.8 
4.50% Senior Notes (3)
$500.0May 2017May 2047May/Nov494.4 494.2 
3.60% Senior Notes (3)
$700.0Feb 2018Feb 2028Feb/Aug698.6 697.9 
4.10% Senior Notes (3)
$600.0Feb 2018Feb 2048Feb/Aug593.7 593.4 
4.40% Senior Notes
$500.0Oct 2018Nov 2025May/Nov— 499.5 
4.65% Senior Notes (3)
$500.0Oct 2018Nov 2028May/Nov498.5 497.9 
5.25% Senior Notes (3)
$500.0Oct 2018Nov 2048May/Nov494.3 494.1 
3.15% Senior Notes (3)
$800.0Jul 2019Aug 2029Feb/Aug797.6 796.8 
2.875% Senior Notes (3)
$600.0Apr 2020May 2030May/Nov597.4 596.8 
3.75% Senior Notes (3)
$600.0Apr 2020May 2050May/Nov591.3 591.0 
2.25% Senior Notes (3)
$1,000.0Jul 2021Aug 2031Feb/Aug993.1 991.8 
4.35% Senior Notes (3)
$600.0May 2022May 2027May/Nov599.2 598.4 
4.75% Senior Notes (3)
$700.0May 2022May 2032May/Nov695.7 695.0 
5.00% Senior Notes (4)
$500.0Feb 2023Feb 2026Feb/Aug— 499.0 
4.90% Senior Notes (3)
$750.0May 2023May 2033May/Nov742.7 741.6 
4.80% Senior Notes (3)
$400.0Jan 2024Jan 2029Jan/Jul398.3 397.7 
4.80% Senior Notes (3)
$500.0May 2025May 2030
May/Nov
496.5 — 
4.95% Senior Notes (3)
$500.0Oct 2025Nov 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 202625
3.50% Senior Notes due May 2027
Feb 202720
4.50% Senior Notes due May 2047
Nov 204625
3.60% Senior Notes due February 2028
Nov 202715
4.10% Senior Notes due February 2048
Aug 204720
4.65% Senior Notes due November 2028
Aug 202825
Redemption
Stated
Redemption
Date		Stated
Basis
Points
5.25% Senior Notes due November 2048
May 204830
3.15% Senior Notes due August 2029
May 202920
2.875% Senior Notes due May 2030
Feb 203035
3.75% Senior Notes due May 2050
Nov 204940
2.25% Senior Notes due August 2031
May 203115
4.35% Senior Notes due May 2027
Apr 202725
4.75% Senior Notes due May 2032
Feb 203230
4.90% Senior Notes due May 2033
Feb 203325
4.80% Senior Notes due January 2029
Dec 202815
4.80% Senior Notes due May 2030
Apr 203020
4.95% Senior Notes due November 2035
Aug 203515
(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 20281,802.6
Fiscal 2029901.2
Fiscal 2030801.3
Fiscal 20311,101.4
Thereafter5,150.6
$10,361.2