v3.26.1
Fair Value Measurements, Cash, Cash Equivalent and Investments (Tables)
 12 Months Ended
Feb. 28, 2026
Cash and Cash Equivalents [Abstract]  
Components of Cash, Cash Equivalents and Investments
The components of cash, cash equivalents and investments by fair value level and balance sheet classification as at February 28, 2026 were as follows:
Cost Basis (1)
Unrealized
Gains		Unrealized
Losses		Fair ValueCash and
Cash
Equivalents		Short-term
Investments		Long-term
Investments		Restricted Cash and Cash Equivalents
Bank balances$168.6 $— $— $168.6 $168.6 $— $— $— 
Investments in privately-held companies51.5 2.4 (1.2)52.7 — — 52.7 — 
220.1 2.4 (1.2)221.3 168.6 — 52.7 — 
Level 2:
Term deposits, and certificates of deposits49.7 — — 49.7 20.1 20.0 — 9.6 
Bearer deposit notes24.9 — — 24.9 11.0 13.9 — — 
Commercial paper93.2 — — 93.2 37.3 51.3 — 4.6 
Non-U.S. promissory notes24.4 — — 24.4 24.4 — — — 
Non-U.S. treasury bills13.3 — — 13.3 13.3 — — — 
205.5 — — 205.5 106.1 85.2 — 14.2 
Level 3:
Investments in privately-held companies1.3 4.3 — 5.6 — — 5.6 — 
1.3 4.3 — 5.6 — — 5.6 — 
$426.9 $6.7 $(1.2)$432.4 $274.7 $85.2 $58.3 $14.2 
______________________________
(1) Cost basis for investments in privately-held companies includes the effect of returns of capital and impairment.
The components of cash, cash equivalents and investments by fair value level and balance sheet classification as at February 28, 2025 were as follows:
Cost Basis (1)
Unrealized
Gains		Unrealized
Losses		Fair ValueCash and
Cash
Equivalents		Short-term
Investments		Long-term
Investments		Restricted Cash and Cash Equivalents
Bank balances$223.7 $— $— $223.7 $223.7 $— $— $— 
Investments in privately-held companies23.3 4.9 — 28.2 — — 28.2 — 
247.0 4.9 — 251.9 223.7 — 28.2 — 
Level 1:
Equity securities10.0 — (10.0)— — — — — 
Level 2:
Term deposits, and certificates of deposits39.3 — — 39.3 — 30.1 — 9.2 
Bearer deposit notes10.3 — — 10.3 7.3 3.0 — — 
Commercial paper55.5 — — 55.5 27.8 27.7 — — 
Non-U.S. promissory notes9.8 — — 9.8 7.9 1.9 — — 
Non-U.S. government sponsored enterprise notes9.3 — — 9.3 — 4.9 — 4.4 
Corporate notes/bonds3.5 — — 3.5 — 3.5 — — 
127.7 — — 127.7 43.0 71.1 — 13.6 
Level 3:
Investments in privately-held companies30.7 1.2 (1.2)30.7 — — 30.7 — 
30.7 1.2 (1.2)30.7 — — 30.7 — 
$415.4 $6.1 $(11.2)$410.3 $266.7 $71.1 $58.9 $13.6 
______________________________
(1) Cost basis for investments in privately-held companies includes the effect of returns of capital and impairment.
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents as at February 28, 2026, February 28, 2025 and February 29, 2024 from the consolidated balance sheets to the consolidated statements of cash flows:
As at
February 28, 2026February 28, 2025February 29, 2024
Cash and cash equivalents$274.7 $266.7 $175.1 
Restricted cash and cash equivalents14.2 13.6 25.4 
Total cash, cash equivalents, restricted cash, and restricted cash equivalents presented in the consolidated statements of cash flows
$288.9 $280.3 $200.5 
Contractual Maturities of Available-for-Sale Investments
The contractual maturities of available-for-sale investments as at February 28, 2026 and February 28, 2025 were as follows:
As at
February 28, 2026February 28, 2025
Cost BasisFair ValueCost BasisFair Value
Due in one year or less $205.5 $205.5 $127.7 $127.7 
No fixed maturity — — 10.0 — 
$205.5 $205.5 $137.7 $127.7