Special items (Tables)

9 Months Ended

Sep. 29, 2012

Extraordinary and Unusual Items [Abstract]

Special items recorded by segment

The table below summarizes special items recorded by segment:

	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	September 29, 2012		September 24, 2011			September 29, 2012			September 24, 2011
	(In millions)
Employee related charges
Restructuring(1)
Canada	$	2.5	$	—		$	4.1		$	0.6
Central Europe	0.1		—			0.1			—
U.K.	2.4		(0.5		)	8.7			2.2
MCI	1.2		—			1.2			—
Corporate	—		—			1.1			—
Special termination benefits
Canada(2)	0.3		0.7			2.2			4.7
Impairments or asset abandonment charges
U.K. - Asset abandonment(3)	—		—			7.2			—
MCI - China impairments and related costs(4)	28.5		—			38.9			—
Unusual or infrequent items
Canada - Flood insurance loss (reimbursement)(5)	0.9		(0.4		)	(1.4		)	(0.3		)
Canada - Brewers' Retail Inc. ("BRI") loan guarantee adjustment(6)	—		—			—			(2.0		)
Canada - Fixed asset adjustment(7)	—		—			—			7.6
U.K. - Release of non-income-related tax reserve(8)	—		—			(3.5		)	(2.5		)
U.K. - Costs associated with strategic initiatives	—		0.1			—			0.1
MCI - Costs associated with outsourcing and other strategic initiatives	—		0.2			—			0.7
Total Special items, net	$	35.9	$	0.1		$	58.6		$	11.1

(1) During 2012, we initiated restructuring programs in each of our segments focused on labor savings across all functions. As a result, we have reduced headcount by 189 employees during the first three quarters of 2012 and we expect further headcount reduction during the fourth quarter, although we are unable to estimate future costs at this time.

(2) During the third quarter and first three quarters of 2012 and 2011, we recognized charges related to special termination benefits as eligible employees elected early retirement offered as a result of the ratification of Collective Bargaining Agreements with MCC's brewery groups in 2011 and 2012.

(3) During the second quarter of 2012, we recognized an asset abandonment charge related to the discontinuation of the Home Draft packaging in the U.K. This packaging was not meeting expectations driven by a lack of demand in the U.K. market and as a result, we recognized a loss related to the write-off of the Home Draft packaging line, tooling equipment and packaging materials inventory.

(4) In the second quarter of 2012, we recognized impairment charges related to goodwill and definite-lived intangible assets in our MC Si'hai joint venture in China. See related detail in Note 12 "Goodwill and Intangible Assets." In the third quarter of 2012, we deconsolidated our MC Si'hai joint venture in China and recognized an impairment loss of $27.6 million upon deconsolidation and $0.9 million of related costs. See related detail in Note 5, "Investments."

(5) In the third quarter of 2012, we incurred expenses in excess of insurance proceeds related to flood damage at our Toronto offices. In the first three quarters of 2012 and third quarter and first three quarters of 2011, we received insurance proceeds in excess of expenses incurred related to these damages.

(6) During the first three quarters of 2011, we recognized a gain resulting from a reduction of our guarantee of BRI debt obligations.

(7) During the first three quarters of 2011, we recognized a loss related to the correction of an immaterial error in prior periods to reduce Properties in the Canada segment, resulting from the performance of a fixed asset count. The impact of the error and the related correction in 2011 is not material to any prior annual or interim financial statements and is not material to the fiscal year results for 2011.

(8) During 2009, we established a non-income-related tax reserve of $10.4 million that was recorded as a Special item. Our estimates indicated a range of possible loss relative to this reserve of zero to $22.3 million, inclusive of potential penalties and interest. The amounts recorded in 2012 and 2011 represent a release of a portion of this reserve as a result of a change in estimate.

Change in the restructuring accrual

The table below summarizes the activity in the restructuring accruals:

	Canada			Central Europe		U.K.			MCI		Corporate			Total
	(In millions)
Total at December 31, 2011	$	0.1		$	—	$	1.8		$	—	$	—		$	1.9
Charges incurred	4.1			0.1		8.7			1.2		1.1			15.2
Payments made	(1.2		)	—		(4.9		)	—		(0.3		)	(6.4		)
Foreign currency and other adjustments	(0.1		)	—		(0.2		)	—		—			(0.3		)
Total at September 29, 2012	$	2.9		$	0.1	$	5.4		$	1.2	$	0.8		$	10.4