Table of Con ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA PART II For the Years Ended February 28, 2021 February 29, 2020 February 28, 2019 (in millions) Net sales $ 378.6  $ 290.2  $ 48.6  Gross profit (loss) $ (14.1) $ 45.4  $ 11.2  Net income (loss) $ (1,775.3) $ (327.0) $ (39.6) Net income (loss) attributable to Canopy $ (1,750.0) $ (312.6) $ (27.8) (1) For the period November 1, 2018, through December 31, 2018. (1) Other equity method investment Booker Vineyard In April 2020, we invested in My Favorite Neighbor, LLC, also known as Booker Vineyard, a super-luxury, direct-to-consumer focused wine business which we account for under the equity method. We recognize our share of their equity in earnings (losses) in our consolidated financial statements in the Wine and Spirits segment. 11. OTHER ACCRUED EXPENSES AND LIABILITIES The major components of other accrued expenses and liabilities are as follows: February 28, 2021 February 29, 2020 (in millions) Salaries, commissions, and payroll benefits and withholdings $ 232.1  $ 182.2  Promotions and advertising 159.9  191.7  Accrued interest 93.4  94.3  Operating lease liability 68.8  76.6  Income taxes payable 24.7  24.9  Derivative liabilities 10.9  61.1  Other 190.1  149.6  $ 779.9  $ 780.4  12. BORROWINGS Borrowings consist of the following: February 28, 2021 February 29, 2020 Current Long-term Total Total (in millions) Short-term borrowings Commercial paper $ —  $ 238.9  $ —  $ 238.9  Long-term debt Term loan credit facilities $ 24.6  $ 429.8  $ 454.4  $ 1,295.7  Senior notes —  9,972.4  9,972.4  10,624.7  Other 4.6  10.9  15.5  25.3  $ 29.2  $ 10,413.1  $ 10,442.3  $ 11,945.7  Constellation Brands, Inc. FY 2021 Form 10-K #WORTHREACHINGFOR I