The following tables present the fair value
of the Company’s financial liabilities as at August 31, 2020 and February 29, 2020:
| |
|
Fair Value Measurements as at August 31, 2020 |
| |
|
Carrying Amount |
|
|
Fair Value |
|
Level in the hierarchy
|
| Instruments measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
| Foreign exchange contracts |
|
$ |
44,923 |
|
|
$ |
44,923 |
|
Level 1 |
| |
|
|
|
|
|
|
|
|
|
| Instruments measured at amortized cost: |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
$ |
2,370,081 |
|
|
$ |
2,380,882 |
|
Level 2 |
| |
|
Fair Value Measurements
at February 29, 2020 |
| |
|
Carrying Amount |
|
|
Fair Value |
|
Level in the hierarchy
|
| Instruments measured at fair value on a recurring basis: |
|
|
|
|
|
|
|
| Foreign exchange contracts |
|
$ |
26,840 |
|
|
$ |
26,840 |
|
Level 1 |
| |
|
|
|
|
|
|
|
|
|
| Instruments measured at amortized cost: |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
$ |
2,290,152 |
|
|
$ |
2,291,109 |
|
Level 2 |
|