BUSINESS SEGMENT INFORMATION: Our internal management financial reporting consists of two business divisions: (i) Beer and (ii) Wine and Spirits, and we report our operating results in three segments: (i) Beer, (ii) Wine and Spirits, and (iii) Corporate Operations and Other. In the Beer segment, our portfolio consists of high-end imported and craft beer brands. We have an exclusive perpetual brand license to import, market and sell in the U.S. our Mexican beer portfolio. In the Wine and Spirits segment, we sell a large number of wine brands across all categories  table wine, sparkling wine and dessert wine  and across all price points  popular, premium and luxury categories, primarily within the $5 to $25 price range at U.S. retail  complemented by certain premium spirits brands. Amounts included in the Corporate Operations and Other segment consist of costs of executive management, corporate development, corporate finance, human resources, internal audit, investor relations, legal, public relations and information technology. The amounts included in the Corporate Operations and Other segment are general costs that are applicable to the consolidated group and are therefore not allocated to the other reportable segments. All costs reported within the Corporate Operations and Other segment are not included in our chief operating decision makers evaluation of the operating income performance of the other reportable segments. The business segments reflect how our operations are managed, how resources are allocated, how operating performance is evaluated by senior management and the structure of our internal financial reporting. In addition, management excludes items that affect comparability (Comparable Adjustments) from its evaluation of the results of each operating segment as these Comparable Adjustments are not reflective of core operations of the segments. Segment operating performance and segment management compensation are evaluated based upon core segment operating income (loss). As such, the performance measures for incentive compensation purposes for segment management do not include the impact of these Comparable Adjustments. We evaluate segment operating performance based on operating income (loss) of the respective business units. Comparable Adjustments that impacted comparability in our segment operating income (loss) for each period are as follows: For the Nine Months Ended November 30, For the Three Months Ended November 30, 2018 2017 2018 2017 (in millions) Cost of product sold Settlements of undesignated commodity derivative contracts $ (7.3 ) $ 4.6 $ (2.2 ) $ (0.1 ) Accelerated depreciation (6.5 )  (1.5 )  Net gain (loss) on undesignated commodity derivative contracts (5.1 ) 4.3 (14.7 ) 3.5 Flow through of inventory step-up (3.6 ) (17.0 ) (2.2 ) (7.2 ) Loss on inventory write-down (2.8 )  (1.3 )  Total cost of product sold (25.3 ) (8.1 ) (21.9 ) (3.8 ) Selling, general and administrative expenses Net loss on foreign currency derivative contracts associated with acquisition of investment (32.6 )  (25.5 )  Deferred compensation (16.3 )    Restructuring and other strategic business development costs (10.9 ) (7.5 ) (2.3 ) (4.1 ) Transaction, integration and other acquisition-related costs (9.1 ) (6.8 ) (8.1 ) (4.5 ) Impairment of intangible assets  (86.8 )   Loss on contract termination (1)  (59.0 )  (59.0 ) Costs associated with the sale of the Canadian wine business and related activities  (3.2 )   Other gains (2) 10.9 11.5 2.4 8.1 Total selling, general and administrative expenses (58.0 ) (151.8 ) (33.5 ) (59.5 ) Comparable Adjustments, Operating loss $ (83.3 ) $ (159.9 ) $ (55.4 ) $ (63.3 ) (1) Represents a loss incurred in connection with the early termination of a beer glass supply contract with Owens-Illinois. (2) Includes a gain of $8.5 million for the nine months ended November 30, 2018, in connection with the sale of certain non-core assets and a gain of $8.1 million for the nine months and three months ended November 30, 2017, in connection with the reduction in estimated fair value of a contingent liability associated with a prior period acquisition. The accounting policies of the segments are the same as those described for the Company in Note 1 of our consolidated financial statements included in our 2018 Annual Report, and include the accounting policies and the recently adopted accounting guidance described in Note 1 and Note 2 herein. Segment information is as follows: For the Nine Months Ended November 30, For the Three Months Ended November 30, 2018 2017 2018 2017 (in millions) Beer Net sales $ 4,112.0 $ 3,663.4 $ 1,209.8 $ 1,042.5 Segment operating income $ 1,601.5 $ 1,461.3 $ 450.9 $ 394.8 Long-lived tangible assets $ 3,810.1 $ 3,410.7 $ 3,810.1 $ 3,410.7 Total assets $ 14,654.6 $ 12,025.3 $ 14,654.6 $ 12,025.3 Capital expenditures $ 507.3 $ 593.7 $ 211.0 $ 160.6 Depreciation and amortization $ 152.0 $ 121.6 $ 51.5 $ 41.7 Wine and Spirits Net sales: Wine $ 1,933.1 $ 1,882.7 $ 670.3 $ 666.6 Spirits 273.7 272.2 92.5 92.8 Net sales $ 2,206.8 $ 2,154.9 $ 762.8 $ 759.4 Segment operating income $ 575.2 $ 586.8 $ 206.0 $ 199.4 Income from unconsolidated investments $ 32.2 $ 32.3 $ 28.4 $ 32.1 Long-lived tangible assets $ 1,093.5 $ 1,024.7 $ 1,093.5 $ 1,024.7 Equity method investments $ 97.8 $ 97.3 $ 97.8 $ 97.3 Total assets $ 7,366.0 $ 7,268.7 $ 7,366.0 $ 7,268.7 Capital expenditures $ 91.1 $ 98.2 $ 32.3 $ 35.2 Depreciation and amortization $ 73.4 $ 69.9 $ 24.2 $ 24.1 Corporate Operations and Other Segment operating loss $ (146.5 ) $ (120.2 ) $ (45.0 ) $ (41.3 ) Income (loss) from unconsolidated investments $ (0.3 ) $ 0.5 $ 0.9 $ 0.1 Long-lived tangible assets $ 82.7 $ 115.6 $ 82.7 $ 115.6 Equity method investments $ 3,485.2 $ 21.6 $ 3,485.2 $ 21.6 Total assets $ 5,869.8 $ 813.1 $ 5,869.8 $ 813.1 Capital expenditures $ 21.9 $ 13.7 $ 6.4 $ 4.7 Depreciation and amortization $ 22.7 $ 27.3 $ 5.6 $ 9.2 Comparable Adjustments Operating loss $ (83.3 ) $ (159.9 ) $ (55.4 ) $ (63.3 ) Income (loss) from unconsolidated investments $ 886.3 $ 216.9 $ (163.9 ) $ 216.9 Depreciation and amortization $ 6.5 $  $ 1.5 $  Consolidated Net sales $ 6,318.8 $ 5,818.3 $ 1,972.6 $ 1,801.9 Operating income $ 1,946.9 $ 1,768.0 $ 556.5 $ 489.6 Income (loss) from unconsolidated investments (1) $ 918.2 $ 249.7 $ (134.6 ) $ 249.1 Long-lived tangible assets $ 4,986.3 $ 4,551.0 $ 4,986.3 $ 4,551.0 Equity method investments $ 3,583.0 $ 118.9 $ 3,583.0 $ 118.9 Total assets $ 27,890.4 $ 20,107.1 $ 27,890.4 $ 20,107.1 Capital expenditures $ 620.3 $ 705.6 $ 249.7 $ 200.5 Depreciation and amortization $ 254.6 $ 218.8 $ 82.8 $ 75.0 (1) Income (loss) from unconsolidated investments consists of: For the Nine Months Ended For the Three Months Ended November 30, 2018 November 30, 2017 November 30, 2018 November 30, 2017 (in millions) Unrealized net gain (loss) on securities measured at fair value and related activities $ 786.5 $ 216.8 $ (163.9 ) $ 216.8 Net gain on sale of unconsolidated investment 99.8    Equity in earnings from equity method investees 31.9 32.8 29.3 32.2 Net gain on foreign currency derivative contracts associated with November 2017 Canopy securities measured at fair value  0.1  0.1 $ 918.2 $ 249.7 $ (134.6 ) $ 249.1