Auditor Firm ID



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| PART II | ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | Table of Contents |

Item 8. Financial Statements and Supplementary Data  
CONSTELLATION BRANDS, INC. AND SUBSIDIARIESINDEX TO CONSOLIDATED FINANCIAL STATEMENTSFEBRUARY 28, 2022

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| Management’s Annual Report on Internal Control Over Financial Reporting | [59](#ie70631d622f7481aa7f7c9d619e9156c_64) |
| Reports of Independent Registered Public Accounting Firm (PCAOB ID 185) | [60](#ie70631d622f7481aa7f7c9d619e9156c_67) |
| Consolidated Balance Sheets | [64](#ie70631d622f7481aa7f7c9d619e9156c_73) |
| Consolidated Statements of Comprehensive Income (Loss) | [65](#ie70631d622f7481aa7f7c9d619e9156c_76) |
| Consolidated Statements of Changes in Stockholders’ Equity | [66](#ie70631d622f7481aa7f7c9d619e9156c_79) |
| Consolidated Statements of Cash Flows | [67](#ie70631d622f7481aa7f7c9d619e9156c_82) |
| Notes to Consolidated Financial Statements |  |
|  | 1. | Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies | [69](#ie70631d622f7481aa7f7c9d619e9156c_88) |
|  | 2. | Acquisitions and Divestitures | [74](#ie70631d622f7481aa7f7c9d619e9156c_91) |
|  | 3. | Inventories | [76](#ie70631d622f7481aa7f7c9d619e9156c_94) |
|  | 4. | Prepaid Expenses and Other | [77](#ie70631d622f7481aa7f7c9d619e9156c_97) |
|  | 5. | Property, Plant, and Equipment | [77](#ie70631d622f7481aa7f7c9d619e9156c_100) |
|  | 6. | Derivative Instruments | [78](#ie70631d622f7481aa7f7c9d619e9156c_103) |
|  | 7. | Fair Value of Financial Instruments | [81](#ie70631d622f7481aa7f7c9d619e9156c_106) |
|  | 8. | Goodwill | [87](#ie70631d622f7481aa7f7c9d619e9156c_109) |
|  | 9. | Intangible Assets | [87](#ie70631d622f7481aa7f7c9d619e9156c_112) |
|  | 10. | Equity Method Investments | [88](#ie70631d622f7481aa7f7c9d619e9156c_115) |
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|  | 11. | Other Accrued Expenses and Liabilities | [90](#ie70631d622f7481aa7f7c9d619e9156c_121) |
|  | 12. | Borrowings | [91](#ie70631d622f7481aa7f7c9d619e9156c_124) |
|  | 13. | Income Taxes | [96](#ie70631d622f7481aa7f7c9d619e9156c_127) |
|  | 14. | Deferred Income Taxes and Other Liabilities | [99](#ie70631d622f7481aa7f7c9d619e9156c_130) |
|  | 15. | Leases | [100](#ie70631d622f7481aa7f7c9d619e9156c_133) |
|  | 16. | Commitments and Contingencies | [102](#ie70631d622f7481aa7f7c9d619e9156c_139) |
|  | 17. | Stockholders' Equity | [103](#ie70631d622f7481aa7f7c9d619e9156c_142) |
|  | 18. | Stock-Based Employee Compensation | [105](#ie70631d622f7481aa7f7c9d619e9156c_145) |
|  | 19. | Net Income (Loss) Per Common Share Attributable to CBI | [108](#ie70631d622f7481aa7f7c9d619e9156c_148) |
|  | 20. | Accumulated Other Comprehensive Income (Loss) | [109](#ie70631d622f7481aa7f7c9d619e9156c_151) |
|  | 21. | Significant Customers and Concentration of Credit Risk | [111](#ie70631d622f7481aa7f7c9d619e9156c_154) |
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|  | 22. | Business Segment Information | [112](#ie70631d622f7481aa7f7c9d619e9156c_157) |
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|  | 23. | Selected Quarterly Financial Information (unaudited) | [116](#ie70631d622f7481aa7f7c9d619e9156c_160) |



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| Constellation Brands, Inc. FY 2022 Form 10-K | #WORTHREACHINGFOR    I    58 |


