Fair Value of Financial Instruments (Tables)

3 Months Ended

May 31, 2026

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)
May 31, 2026
Assets:
Foreign currency contracts	$	—	$	306.8	$	—	$	306.8
Commodity derivative contracts	$	—	$	70.5	$	—	$	70.5




Liabilities:
Foreign currency contracts	$	—	$	2.2	$	—	$	2.2
Commodity derivative contracts	$	—	$	8.8	$	—	$	8.8
Net investment hedge contracts	$	—	$	5.4	$	—	$	5.4


	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)
February 28, 2026
Assets:
Foreign currency contracts	$	—	$	334.7	$	—	$	334.7
Commodity derivative contracts	$	—	$	31.2	$	—	$	31.2



Liabilities:
Foreign currency contracts	$	—	$	1.1	$	—	$	1.1
Commodity derivative contracts	$	—	$	7.4	$	—	$	7.4
Net investment hedge contracts	$	—	$	6.7	$	—	$	6.7

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 Three Months Ended May 31, 2026

Assets held for sale and related net assets	Prepaid expenses and other	$	—	$	18.4	$	—	$	18.3


For the Three Months Ended May 31, 2025
Assets held for sale and related net assets	Assets held for sale	$	—	$	897.7	$	—	$	52.1