CONSTELLATION BRANDS, INC. | 2013 | FY | 3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):

Other comprehensive loss, net of income tax effect, includes the following components:
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Year Ended February 28, 2011
 
 
 
 
 
Other comprehensive (loss) income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
200.7

 
$
(23.3
)
 
$
177.4

Reclassification adjustments
(678.8
)
 
21.7

 
(657.1
)
Net loss recognized in other comprehensive loss
(478.1
)
 
(1.6
)
 
(479.7
)
Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative gains
11.4

 
(2.3
)
 
9.1

Reclassification adjustments
(49.4
)
 
24.9

 
(24.5
)
Net loss recognized in other comprehensive loss
(38.0
)
 
22.6

 
(15.4
)
Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.8

 
—

 
0.8

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.8

 
—

 
0.8

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial gains
12.9

 
(3.6
)
 
9.3

Reclassification adjustments
121.0

 
(34.4
)
 
86.6

Net gain recognized in other comprehensive loss
133.9

 
(38.0
)
 
95.9

Other comprehensive loss
$
(381.4
)
 
$
(17.0
)
 
$
(398.4
)
 
 
 
 
 
 
For the Year Ended February 29, 2012
 
 
 
 
 
Other comprehensive income (loss):
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net gains
$
7.4

 
$
0.9

 
$
8.3

Reclassification adjustments
6.3

 
—

 
6.3

Net gain recognized in other comprehensive loss
13.7

 
0.9

 
14.6

Unrealized loss on cash flow hedges:
 
 
 
 
 
Net derivative losses
(33.7
)
 
15.4

 
(18.3
)
Reclassification adjustments
(6.9
)
 
0.5

 
(6.4
)
Net loss recognized in other comprehensive loss
(40.6
)
 
15.9

 
(24.7
)
Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
3.9

 
(1.6
)
 
2.3

Reclassification adjustments
(3.2
)
 
1.1

 
(2.1
)
Net gain recognized in other comprehensive loss
0.7

 
(0.5
)
 
0.2

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(7.3
)
 
1.8

 
(5.5
)
Reclassification adjustments
0.4

 
(0.1
)
 
0.3

Net loss recognized in other comprehensive loss
(6.9
)
 
1.7

 
(5.2
)
Other comprehensive loss
$
(33.1
)
 
$
18.0

 
$
(15.1
)
 
 
 
 
 
 
 
Before Tax
Amount
 
Tax (Expense)
Benefit
 
Net of Tax
Amount
(in millions)
 
 
 
 
 
For the Year Ended February 28, 2013
 
 
 
 
 
Other comprehensive (loss) income:
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Net losses
$
(46.9
)
 
$
9.5

 
$
(37.4
)
Reclassification adjustments
—

 
—

 
—

Net loss recognized in other comprehensive loss
(46.9
)
 
9.5

 
(37.4
)
Unrealized gain on cash flow hedges:
 
 
 
 
 
Net derivative losses
(4.9
)
 
2.4

 
(2.5
)
Reclassification adjustments
6.2

 
(3.4
)
 
2.8

Net gain recognized in other comprehensive loss
1.3

 
(1.0
)
 
0.3

Unrealized gain on AFS debt securities:
 
 
 
 
 
Net AFS debt securities gains
0.7

 
(0.3
)
 
0.4

Reclassification adjustments
—

 
—

 
—

Net gain recognized in other comprehensive loss
0.7

 
(0.3
)
 
0.4

Pension/postretirement adjustments:
 
 
 
 
 
Net actuarial losses
(7.4
)
 
1.9

 
(5.5
)
Reclassification adjustments
0.8

 
(0.2
)
 
0.6

Net loss recognized in other comprehensive loss
(6.6
)
 
1.7

 
(4.9
)
Other comprehensive loss
$
(51.5
)
 
$
9.9

 
$
(41.6
)

Accumulated other comprehensive income (loss), net of income tax effect, includes the following components:
 
Foreign
Currency
Translation
Adjustments
 
Net
Unrealized
(Losses) Gains on
Derivatives
 
Net
Unrealized
Gains
on AFS Debt
Securities
 
Pension/
Postretirement
Adjustments
 
Accumulated
Other
Comprehensive
Income
(in millions)
 
 
 
 
 
 
 
 
 
Balance, February 29, 2012
$
207.8

 
$
(20.5
)
 
$
1.0

 
$
(14.6
)
 
$
173.7

Current period change
(37.4
)
 
0.3

 
0.4

 
(4.9
)
 
(41.6
)
Balance, February 28, 2013
$
170.4

 
$
(20.2
)
 
$
1.4

 
$
(19.5
)

$
132.1

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