v3.26.1
Net Income (Loss) Per Common Share Attributable to CBI
3 Months Ended
May 31, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI
Net income (loss) per common share attributable to CBI (hereafter referred to as “net income (loss) per common share”) – basic for Class A Stock has been computed based on the weighted average shares of common stock outstanding during the period. Net income (loss) per common share – diluted for Class A Stock reflects the weighted average shares of common stock plus the effect of dilutive securities outstanding during the period using the treasury stock method. The effect of dilutive securities includes the impact of outstanding stock-based awards. The dilutive computation does not assume conversion, exercise, or contingent issuance of securities that would have an anti-
dilutive effect on the net income (loss) per common share. The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:
For the Three Months
Ended May 31,
20262025
(in millions, except per share data)
Net income (loss) attributable to CBI$653.8 $516.1 
Weighted average common shares outstanding – basic172.186 177.801 
Stock-based awards (1)
0.221 0.190 
Weighted average common shares outstanding – diluted172.407 177.991 
Net income (loss) per common share attributable to CBI – basic$3.80 $2.90 
Net income (loss) per common share attributable to CBI – diluted$3.79 $2.90 
(1)Primarily includes performance share units and restricted stock units for the three months ended May 31, 2026 and stock options and restricted stock units for the three months ended May 31, 2025.

The following stock-based awards were excluded from the computation of diluted net income (loss) per common share for Class A Stock, as the effect of including these would have been anti-dilutive:
For the Three Months
Ended May 31,
20262025
(in millions, except exercise price)
Stock-based awards, primarily stock options
2.876 1.938 
Weighted average exercise price, stock options$206.84$235.64