Fair Value of Financial Instruments (Tables)

9 Months Ended

Nov. 30, 2025

Financial assets and liabilities measured at estimated fair value on a recurring basis

The following table presents our financial assets and liabilities measured at estimated fair value on a recurring basis:


	Fair Value Measurements Using
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
(in millions)
November 30, 2025
Assets:
Foreign currency contracts	$	—	$	249.6	$	—	$	249.6
Commodity derivative contracts	$	—	$	21.0	$	—	$	21.0


	Fair Value Measurements Using
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
(in millions)
Liabilities:
Foreign currency contracts	$	—	$	15.1	$	—	$	15.1
Commodity derivative contracts	$	—	$	6.9	$	—	$	6.9
Net investment hedge contracts	$	—	$	4.0	$	—	$	4.0


February 28, 2025
Assets:
Foreign currency contracts	$	—	$	97.0	$	—	$	97.0
Commodity derivative contracts	$	—	$	9.6	$	—	$	9.6
Pre-issuance hedge contracts	$	—	$	2.2	$	—	$	2.2


Liabilities:
Foreign currency contracts	$	—	$	76.4	$	—	$	76.4
Commodity derivative contracts	$	—	$	12.8	$	—	$	12.8

Assets and liabilities measured at estimated fair value on a nonrecurring basis

The following table presents our assets and liabilities measured at estimated fair value on a nonrecurring basis for which an impairment assessment was performed for the period presented:


		Fair Value Measurements Using
	Balance Sheet Classification	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses
(in millions)
For the Nine Months Ended November 30, 2025

Assets held for sale and related net assets	Assets held for sale	$	—	$	—	$	—	$	52.1
Equity method investments	Other assets	—		—		—		1.5
Total		$	—	$	—	$	—	$	53.6
For the Nine Months Ended November 30, 2024
Goodwill	Goodwill	$	—	$	—	$	491.3	$	2,250.0
Equity method investments	Other assets	—		—		—		2.4
Total		$	—	$	—	$	491.3	$	2,252.4