

(in millions)
Balance at February 28, 2025	$	5,126.8

Foreign currency translation adjustments	107.1



Balance at February 28, 2026	5,233.9
Purchase accounting allocations (1)	23.1

Foreign currency translation adjustments	(8.1)



Balance at May 31, 2026	$	5,248.9

The carrying amount of our Wine and Spirits segment goodwill was zero as of May 31, 2026, February 28, 2026, and February 28, 2025, respectively.

In April 2026, we purchased the remaining ownership interest in HOPWTR, a premium non-alcoholic brand crafted with hops, adaptogens, and nootropics. HOPWTR has been a part of our corporate ventures portfolio since 2021. This transaction also included the acquisition of goodwill and trademarks. The results of operations of HOPWTR are reported in the Beer segment and have been included in our consolidated results of operations from the date of acquisition.

On June 2, 2025, we sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our then-owned mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities. The net cash proceeds from the 2025 Wine Divestitures were used for repayment of debt. Prior to the completion of the 2025 Wine Divestitures, we recorded the results of operations of the divested and exclusively licensed brands in the Wine and Spirits segment.

In May 2026, we entered into a definitive agreement to divest eight small-scale domestic-market New Zealand mainstream wine brands and associated inventory, equipment, a winery, and vineyards which were reclassified to net assets held for sale as of May 31, 2026. The carrying value of these net assets is largely included with prepaid expenses and other on our consolidated balance sheet. The New Zealand Wine Divestitures transaction was completed in June 2026, and the net cash proceeds were used for general corporate purposes.