Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Constellation Brands Inc., balance sheet: property, plant and equipment

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Land and land improvements	456,200)	434,000)	440,200)	456,700)	438,000)	400,400)
Vineyards	255,300)	226,000)	215,800)	221,300)	238,300)	232,600)
Buildings and improvements	1,109,400)	983,400)	975,100)	1,067,300)	883,000)	736,100)
Machinery and equipment	4,827,800)	3,696,900)	3,627,900)	3,931,100)	3,548,300)	3,079,600)
Motor vehicles	140,000)	131,300)	109,500)	81,800)	93,600)	124,200)
Construction in progres	1,223,200)	2,084,200)	1,422,700)	1,214,300)	1,072,500)	636,900)
Property, plant, and equipment, gross	8,011,900)	7,555,800)	6,791,200)	6,972,500)	6,273,700)	5,209,800)
Accumulated depreciation	(1,952,300)	(1,734,200)	(1,458,200)	(1,705,200)	(1,484,000)	(1,277,000)
Property, plant, and equipment, net	6,059,600)	5,821,600)	5,333,000)	5,267,300)	4,789,700)	3,932,800)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

Download chart

Item	Description	The company
Property, plant, and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Constellation Brands Inc. property, plant, and equipment, gross increased from 2020 to 2021 and from 2021 to 2022.
Property, plant, and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Constellation Brands Inc. property, plant, and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Constellation Brands Inc., asset age ratios

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Average age ratio	25.84%	24.35%	22.96%	26.17%	25.43%	26.55%
Estimated total useful life (years)	22	24	19	20	20	20
Estimated age, time elapsed since purchase (years)	6	6	4	5	5	5
Estimated remaining life (years)	17	18	15	14	15	15

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

Download chart

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Constellation Brands Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Constellation Brands Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Constellation Brands Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Estimated remaining life		Constellation Brands Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation	1,952,300)	1,734,200)	1,458,200)	1,705,200)	1,484,000)	1,277,000)
Property, plant, and equipment, gross	8,011,900)	7,555,800)	6,791,200)	6,972,500)	6,273,700)	5,209,800)
Land and land improvements	456,200)	434,000)	440,200)	456,700)	438,000)	400,400)
Asset Age Ratio
Average age¹	25.84%	24.35%	22.96%	26.17%	25.43%	26.55%

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

2022 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant, and equipment, gross – Land and land improvements)
= 100 × 1,952,300 ÷ (8,011,900 – 456,200) = 25.84%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Constellation Brands Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Selected Financial Data (US$ in thousands)
Property, plant, and equipment, gross	8,011,900)	7,555,800)	6,791,200)	6,972,500)	6,273,700)	5,209,800)
Land and land improvements	456,200)	434,000)	440,200)	456,700)	438,000)	400,400)
Depreciation	337,300)	293,800)	326,500)	333,100)	293,800)	237,500)
Asset Age Ratio (Years)
Estimated total useful life¹	22	24	19	20	20	20

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

2022 Calculations

¹ Estimated total useful life = (Property, plant, and equipment, gross – Land and land improvements) ÷ Depreciation
= (8,011,900 – 456,200) ÷ 337,300 = 22

Download chart

Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Constellation Brands Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation	1,952,300)	1,734,200)	1,458,200)	1,705,200)	1,484,000)	1,277,000)
Depreciation	337,300)	293,800)	326,500)	333,100)	293,800)	237,500)
Asset Age Ratio (Years)
Time elapsed since purchase¹	6	6	4	5	5	5

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

2022 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation
= 1,952,300 ÷ 337,300 = 6

Download chart

Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Constellation Brands Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Selected Financial Data (US$ in thousands)
Property, plant, and equipment, net	6,059,600)	5,821,600)	5,333,000)	5,267,300)	4,789,700)	3,932,800)
Land and land improvements	456,200)	434,000)	440,200)	456,700)	438,000)	400,400)
Depreciation	337,300)	293,800)	326,500)	333,100)	293,800)	237,500)
Asset Age Ratio (Years)
Estimated remaining life¹	17	18	15	14	15	15

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

2022 Calculations

¹ Estimated remaining life = (Property, plant, and equipment, net – Land and land improvements) ÷ Depreciation
= (6,059,600 – 456,200) ÷ 337,300 = 17

Download chart

Asset age ratio	Description	The company
Estimated remaining life		Constellation Brands Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Constellation Brands Inc. (NYSE:STZ)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life