PART II ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Table of Con CONSTELLATION BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions, except share and per share data) February 28, 2021 February 29, 2020 ASSETS Current assets: Cash and cash equivalents $ 460.6 $ 81.4  Accounts receivable 785.3 864.8  Inventories 1,291.1 1,373.6  Prepaid expenses and other 507.5 535.8  Assets held for sale - current — 628.5  Total current assets 3,044.5 3,484.1  Property, plant, and equipment 5,821.6 5,333.0  Goodwill 7,793.5 7,757.1  Intangible assets 2,732.1 2,718.9  Equity method investments 2,788.4 3,093.9  Securities measured at fair value 1,818.1 1,117.1  Deferred income taxes 2,492.5 2,656.3  Assets held for sale — 552.1  Other assets 614.1 610.7  Total assets $ 27,104.8 $ 27,323.2  LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term borrowings $ — $ 238.9  Current maturities of long-term debt 29.2 734.9  Accounts payable 460.0 557.6  Other accrued expenses and liabilities 779.9 780.4  Total current liabilities 1,269.1 2,311.8  Long-term debt, less current maturities 10,413.1 11,210.8  Deferred income taxes and other liabilities 1,493.5 1,326.3  Total liabilities 13,175.7 14,848.9  Commitments and contingencies (Note 17) CBI stockholders’ equity: Preferred Stock, $0.01 par value – Authorized, 1,000,000 shares; Issued, none — —  Class A Common Stock, $0.01 par value – Authorized, 322,000,000 shares; Issued, 187,204,280 shares and 186,090,745 shares, respectively 1.9 1.9  Class B Convertible Common Stock, $0.01 par value – Authorized, 30,000,000 shares; Issued, 28,270,288 shares and 28,300,206 shares, respectively 0.3 0.3  Class 1 Common Stock, $0.01 par value – Authorized, 25,000,000 shares; Issued, 612,936 shares and 1,692,227 shares, respectively — —  Additional paid-in capital 1,604.2 1,514.6  Retained earnings 15,117.8 13,695.3  Accumulated other comprehensive income (loss) (335.5) (266.3) 16,388.7 14,945.8  Less: Treasury stock – Class A Common Stock, at cost, 17,070,550 shares and 18,256,826 shares, respectively (2,787.6) (2,811.8) Class B Convertible Common Stock, at cost, 5,005,800 shares (2.2) (2.2) (2,789.8) (2,814.0) Total CBI stockholders’ equity 13,598.9 12,131.8  Noncontrolling interests 330.2 342.5  Total stockholders’ equity 13,929.1 12,474.3  Total liabilities and stockholders’ equity $ 27,104.8 $ 27,323.2  The accompanying notes are an integral part of these statements. Constellation Brands, Inc. FY 2021 Form 10-K #WORTHREACHINGFOR I