| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2015-03-01 - 2016-02-29 |
|---|
Income Tax Disclosure [Abstract] | |
Income before income taxes | Income before income taxes was generated as follows: | | | | | | | | | | | | | | For the Years Ended | | February 29,
2016 | | February 28,
2015 | | February 28,
2014 | (in millions) | | | | | | Domestic | $ | 599.3 |
| | $ | 481.6 |
| | $ | 2,050.8 |
| Foreign | 901.9 |
| | 698.0 |
| | 151.5 |
| | $ | 1,501.2 |
| | $ | 1,179.6 |
| | $ | 2,202.3 |
|
|
Components of income tax provision (benefit) | The income tax provision consisted of the following: | | | | | | | | | | | | | | For the Years Ended | | February 29,
2016 | | February 28,
2015 | | February 28,
2014 | (in millions) | | | | | | Current | | | | | | Federal | $ | 126.2 |
| | $ | 195.0 |
| | $ | 141.7 |
| State | 19.9 |
| | 20.1 |
| | 18.5 |
| Foreign | 43.5 |
| | 49.0 |
| | 57.4 |
| Total current | 189.6 |
| | 264.1 |
| | 217.6 |
| | | | | | | Deferred | | | | | | Federal | 232.4 |
| | 84.6 |
| | 61.4 |
| State | 15.6 |
| | 4.8 |
| | 4.4 |
| Foreign | 3.0 |
| | (10.1 | ) | | (24.2 | ) | Total deferred | 251.0 |
| | 79.3 |
| | 41.6 |
| Income tax provision | $ | 440.6 |
| | $ | 343.4 |
| | $ | 259.2 |
|
|
Significant components of deferred tax assets (liabilities) | Significant components of deferred tax assets (liabilities) consist of the following: | | | | | | | | | | February 29,
2016 | | February 28,
2015 | (in millions) | | | | Deferred tax assets | | | | Net operating losses | $ | 74.2 |
| | $ | 13.3 |
| Stock-based compensation | 50.1 |
| | 51.9 |
| Inventory | 14.1 |
| | 12.5 |
| Derivative instruments | 5.1 |
| | 3.4 |
| Insurance accruals | 3.8 |
| | 3.4 |
| Employee benefits | 2.8 |
| | 2.7 |
| Unrealized foreign exchange | 1.3 |
| | 0.4 |
| Other accruals | 39.4 |
| | 50.2 |
| Gross deferred tax assets | 190.8 |
| | 137.8 |
| Valuation allowances | (35.7 | ) | | (35.3 | ) | Deferred tax assets, net | 155.1 |
| | 102.5 |
| | | | | Deferred tax liabilities | | | | Intangible assets | (688.1 | ) | | (531.5 | ) | Property, plant and equipment | (264.2 | ) | | (263.2 | ) | Provision for unremitted earnings | (199.9 | ) | | (72.6 | ) | Investments in equity method investees | (24.3 | ) | | (25.1 | ) | Total deferred tax liabilities | (1,176.5 | ) | | (892.4 | ) | Deferred tax liabilities, net | $ | (1,021.4 | ) | | $ | (789.9 | ) |
|
Effective income tax rate reconciliation | A reconciliation of the total tax provision (benefit) to the amount computed by applying the statutory U.S. Federal income tax rate to income before provision for (benefit from) income taxes is as follows: | | | | | | | | | | | | | | | | | | | | | | | For the Years Ended | | February 29, 2016 | | February 28, 2015 | | February 28, 2014 | | Amount | | % of Pretax Income | | Amount | | % of Pretax Income | | Amount | | % of Pretax Income | (in millions, except % of pretax income data) | | | | | | | | | | | | Income tax provision at statutory rate | $ | 525.4 |
| | 35.0 | % | | $ | 412.8 |
| | 35.0 | % | | $ | 770.8 |
| | 35.0 | % | State and local income taxes, net of federal income tax benefit | 23.1 |
| | 1.5 | % | | 16.1 |
| | 1.4 | % | | 14.8 |
| | 0.7 | % | Net operating loss valuation allowance | 2.3 |
| | 0.2 | % | | 11.1 |
| | 0.9 | % | | 16.3 |
| | 0.8 | % | Earnings of subsidiaries taxed at other than U.S. statutory rate | (103.5 | ) | | (6.9 | %) | | (86.4 | ) | | (7.3 | %) | | (61.2 | ) | | (2.8 | %) | Impairment of nondeductible goodwill | — |
| | — | % | | — |
| | — | % | | 97.5 |
| | 4.4 | % | Gain on remeasurement to fair value of equity method investment | — |
| | — | % | | — |
| | — | % | | (574.7 | ) | | (26.1 | %) | Miscellaneous items, net | (6.7 | ) | | (0.5 | %) | | (10.2 | ) | | (0.9 | %) | | (4.3 | ) | | (0.2 | %) | Income tax provision at effective rate | $ | 440.6 |
| | 29.3 | % | | $ | 343.4 |
| | 29.1 | % | | $ | 259.2 |
| | 11.8 | % |
|
Reconciliation of unrecognized tax benefit liabilities | The liability for income taxes associated with uncertain tax positions, excluding interest and penalties, and a reconciliation of the beginning and ending unrecognized tax benefit liabilities is as follows: | | | | | | | | | | | | | | For the Years Ended | | February 29,
2016 | | February 28,
2015 | | February 28,
2014 | (in millions) | | | | | | Balance as of March 1 | $ | 85.5 |
| | $ | 101.5 |
| | $ | 100.6 |
| Increases as a result of tax positions taken during a prior period | 0.1 |
| | 0.1 |
| | 2.3 |
| Decreases as a result of tax positions taken during a prior period | (1.2 | ) | | (4.0 | ) | | (3.3 | ) | Increases as a result of tax positions taken during the current period | 3.7 |
| | 7.7 |
| | 11.1 |
| Decreases related to settlements with tax authorities | (54.7 | ) | | (13.9 | ) | | (6.7 | ) | Decreases related to lapse of applicable statute of limitations | (3.0 | ) | | (5.9 | ) | | (2.5 | ) | Balance as of last day of February | $ | 30.4 |
| | $ | 85.5 |
| | $ | 101.5 |
|
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