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Acquisition of Molson Coors Central Europe - Allocation of Consideration Transferred (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended 0 Months Ended
Jun. 30, 2012
Jun. 25, 2011
Dec. 31, 2011
Jun. 15, 2012
Molson Coors Central Europe (MCCE) [Member]
Jun. 29, 2012
Molson Coors Central Europe (MCCE) [Member]
Subordinated Deferred Payment Obligation, Including Interest and Other Costs [Member]
Jun. 15, 2012
Molson Coors Central Europe (MCCE) [Member]
Subordinated Deferred Payment Obligation, Including Interest and Other Costs [Member]
Business Acquisition, Purchase Price Allocation            
Cash and cash equivalents       $ 143.6    
Current assets       262.1 [1]    
Properties, net       555.6    
Other intangibles, net       2,525.1 [2]    
Other assets       44.5    
Total assets acquired       3,530.9    
Current liabilities       846.0 [3]    
Non-current liabilities       431.0 [4]    
Total liabilities assumed       1,277.0   423.4 [5]
Total identifiable net assets       2,253.9    
Noncontrolling interest measured at fair value       38.5    
Goodwill 2,288.0   1,453.3 831.5 [6]    
Total purchase price       3,046.9    
Business acquisition, assets assumed, net receivables       152.2    
Business acquisition, assets assumed, inventory       57.3    
Repayments of assumed debt 424.3 0     425.7  
Deferred tax liabilities, noncurrent $ 883.8   $ 455.6 $ 409.9    
[1] Includes trade receivables of $152.2 million and inventory of $57.3 million.
[2] See Note 12, "Goodwill and Intangible Assets" for further discussion.
[3] Includes the $423.4 million SDPO assumed, which was subsequently repaid for $425.7 million on June 29, 2012.
[4] Includes $409.9 million of deferred tax liabilities.
[5] We assumed the pre-existing StarBev $423.4 million SDPO payable to third-party creditors, which we subsequently repaid on June 29, 2012, in accordance with the terms of the SDPO agreement. The SDPO was held by private investors and accrued interest at 11%. The settlement of the SDPO was not required by our agreement with the Seller.
[6] The goodwill resulting from the Acquisition is primarily attributable to MCCE's licensed brand brewing, distribution and import business, anticipated synergies and the assembled workforce. All of the goodwill was preliminarily assigned to the new Central Europe segment and is not expected to be deductible for tax purposes. See Note 12, "Goodwill and Intangible Assets" for further discussion.