Fair Value Measurements, Cash, Cash Equivalent and Investments (Tables)

6 Months Ended

Aug. 31, 2026

Cash and Cash Equivalents [Abstract]

Components of Cash, Cash Equivalents and Investments

The components of cash, cash equivalents, restricted cash equivalents and investments by fair value level and balance sheet classification as at August 31, 2026 were as follows:


	Cost Basis (1)		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash Equivalents
Bank balances	$	111.8	$	—	$	—	$	111.8	$	111.8	$	—	$	—	$	—
Investments in privately-held companies	48.8		6.7		—		55.5		—		—		55.5		—
	160.6		6.7		—		167.3		111.8		—		55.5		—





Level 2:
Term deposits, and certificates of deposits	59.6		—		—		59.6		30.1		20.0		—		9.5
Bearer deposit notes	18.4		—		—		18.4		18.4		—		—		—
Commercial paper	147.1		—		(0.1)		147.0		72.4		70.0		—		4.6
Non-U.S. promissory notes	44.1		—		—		44.1		33.5		10.6		—		—


Non-U.S. treasury bills	10.7		—		—		10.7		—		10.7		—		—


	279.9		—		(0.1)		279.8		154.4		111.3		—		14.1





	$	440.5	$	6.7	$	(0.1)	$	447.1	$	266.2	$	111.3	$	55.5	$	14.1

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(1) Cost basis for investments in privately-held companies includes the effect of returns of capital and impairment.

The components of cash, cash equivalents, restricted 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 Value		Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Restricted Cash Equivalents
Bank balances	$	168.6	$	—	$	—	$	168.6	$	168.6	$	—	$	—	$	—
Investments in privately-held companies	51.5		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 deposits	49.7		—		—		49.7		20.1		20.0		—		9.6
Bearer deposit notes	24.9		—		—		24.9		11.0		13.9		—		—
Commercial paper	93.2		—		—		93.2		37.3		51.3		—		4.6
Non-U.S. promissory notes	24.4		—		—		24.4		24.4		—		—		—


Non-U.S. treasury bills/notes	13.3		—		—		13.3		13.3		—		—		—


	205.5		—		—		205.5		106.1		85.2		—		14.2
Level 3:

Investments in privately-held companies	1.3		4.3		—		5.6		—		—		5.6		—

	$	426.9	$	6.7	$	(1.2)	$	432.4	$	274.7	$	85.2	$	58.3	$	14.2

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(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 and restricted cash equivalents as at August 31, 2026 and February 28, 2026 from the consolidated balance sheets to the consolidated statements of cash flows:


	As at
	August 31, 2026		February 28, 2026
Cash and cash equivalents	$	266.2	$	274.7
Restricted cash equivalents	14.1		14.2
Total cash, cash equivalents and restricted cash equivalents presented in the consolidated statements of cash flows	$	280.3	$	288.9

Contractual Maturities of Available-for-Sale Investments

The contractual maturities of available-for-sale investments as at August 31, 2026 and February 28, 2026 were as follows:


	As at
	August 31, 2026				February 28, 2026
	Cost Basis		Fair Value		Cost Basis		Fair Value
Due in one year or less	$	279.9	$	279.8	$	205.5	$	205.5