XML 125 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting (Tables)
 12 Months Ended
Dec. 29, 2012
Segment Reporting [Abstract]  
Income (loss) from continuing operations before income taxes by segment
The following tables represent consolidated net sales, consolidated interest expense, consolidated interest income, and reconciliations of amount shown as income (loss) from continuing operations before income taxes to income from continuing operations attributable to MCBC:
 
Year ended December 29, 2012
 
Canada
 
U.S.
 
Central Europe(1)
 
U.K.
 
MCI
 
Corporate
 
Eliminations(2)
 
Consolidated
 
(In millions)
Net sales
$
2,036.8

 
$
—

 
$
481.2

 
$
1,266.3

 
$
147.0

 
$
1.2

 
$
(16.0
)
 
$
3,916.5

Interest expense
—

 
—

 
—

 
—

 
—

 
(196.3
)
 
—

 
(196.3
)
Interest income
—

 
—

 
—

 
5.7

 
—

 
5.6

 
—

 
11.3

Income (loss) from continuing operations before income taxes
$
423.0

 
$
510.9

 
$
97.4

 
$
38.8

 
$
(72.1
)
 
$
(405.9
)
 
$
—

 
$
592.1

Income tax benefit (expense)
 

 
 

 
 
 
 

 
 

 
 
 
 
 
(154.5
)
Net income (loss) from continuing operations
 

 
 

 
 
 
 

 
 

 
 
 
 
 
437.6

Less: Net (income) loss attributable to noncontrolling interests
 

 
 

 
 
 
 

 
 

 
 
 
 
 
3.9

Net income (loss) from continuing operations attributable to MCBC
 

 
 

 
 
 
 

 
 

 
 
 
 
 
$
441.5

(1)
Represents activity from the Acquisition date of June 15, 2012.
(2)
Represents inter-segment sales from the U.K. segment to the MCI segment.

 
Year ended December 31, 2011
 
Canada
 
U.S.
 
U.K.
 
MCI
 
Corporate
 
Eliminations(1)
 
Consolidated
 
(In millions)
Net sales
$
2,067.3

 
$
—

 
$
1,333.5

 
$
122.6

 
$
1.3

 
$
(9.0
)
 
$
3,515.7

Interest expense
—

 
—

 
—

 
—

 
(118.7
)
 
—

 
(118.7
)
Interest income
—

 
—

 
6.3

 
—

 
4.4

 
—

 
10.7

Income (loss) from continuing operations before income taxes
$
474.9

 
$
457.9

 
$
99.3

 
$
(33.3
)
 
$
(224.6
)
 
$
—

 
$
774.2

Income tax benefit (expense)
 

 
 

 
 

 
 

 
 
 
 
 
(99.4
)
Net income (loss) from continuing operations
 

 
 

 
 

 
 

 
 
 
 
 
674.8

Less: Net (income) loss attributable to noncontrolling interests
 

 
 

 
 

 
 

 
 
 
 
 
(0.8
)
Net income (loss) from continuing operations attributable to MCBC
 

 
 

 
 

 
 

 
 
 
 
 
$
674.0

(1)
Represents inter-segment sales from the U.K. segment to the MCI segment.
 
 
Year ended December 25, 2010
 
Canada
 
U.S.
 
U.K.
 
MCI
 
Corporate
 
Consolidated
 
(In millions)
Net sales
$
1,938.2

 
$
—

 
$
1,234.9

 
$
80.0

 
$
1.3

 
$
3,254.4

Interest expense
—

 
—

 
—

 
—

 
(110.2
)
 
(110.2
)
Interest income
—

 
—

 
6.7

 
—

 
4.1

 
10.8

Income (loss) from continuing operations before income taxes
$
454.0

 
$
456.1

 
$
95.3

 
$
(25.7
)
 
$
(170.7
)
 
$
809.0

Income tax benefit (expense)
 

 
 

 
 

 
 

 
 
 
(138.7
)
Net income (loss) from continuing operations
 

 
 

 
 

 
 

 
 
 
670.3

Less: Net (income) loss attributable to noncontrolling interests
 

 
 

 
 

 
 

 
 
 
(2.2
)
Net income (loss) from continuing operations attributable to MCBC
 

 
 

 
 

 
 

 
 
 
$
668.1
Total assets by segment
The following table presents total assets by segment:
 
As of
 
December 29, 2012
 
December 31, 2011
 
(In millions)
Canada
$
6,547.1

 
$
6,541.6

U.S.
2,431.8

 
2,487.9

Central Europe
4,324.8

 
—

U.K.
2,417.6

 
2,293.4

MCI
92.0

 
151.7

Corporate
398.9

 
948.9

Discontinued operations
—

 
0.3

Consolidated total assets
$
16,212.2

 
$
12,423.8
Cash flows information by segment
The following table presents select cash flow information by segment:
 
For the years ended
 
December 29, 2012
 
December 31, 2011
 
December 25, 2010
 
 
 
(In millions)
 
 
Depreciation and amortization(1):
 
 
 
 
 
Canada
$
128.2

 
$
125.0

 
$
122.3

Central Europe
58.9

 
—

 
—

United Kingdom
72.7

 
75.6

 
67.5

MCI
3.4

 
3.2

 
0.8

Corporate
9.5

 
13.3

 
11.7

Consolidated depreciation and amortization
$
272.7

 
$
217.1

 
$
202.3

Capital expenditures(2):
 
 
 
 
 
Canada
$
98.8

 
$
138.8

 
$
97.8

Central Europe
34.5

 
—

 
—

United Kingdom
76.2

 
80.3

 
70.0

MCI
5.8

 
12.4

 
4.2

Corporate
7.0

 
3.9

 
5.9

Consolidated capital expenditures
$
222.3

 
$
235.4

 
$
177.9

(1)
Depreciation and amortization amounts do not reflect amortization of bond discounts, fees, or other debt-related items.
(2)
Capital expenditures decreased in 2012 as the impact of including the results of our Central Europe operations was more than offset by the decrease due to cycling the 2011 Canada capital spending on the high-speed can line in our Montréal brewery.
Net sales by geographic segment
The following table presents net sales by geography, based on the location of the customer:
 
For the years ended
 
December 29, 2012
 
December 31, 2011
 
December 25, 2010
 
(In millions)
Net sales to unaffiliated customers:
 
 
 
 
 
Canada
$
1,930.7

 
$
1,987.4

 
$
1,894.9

United States and its territories
107.3

 
81.3

 
44.6

United Kingdom
1,218.4

 
1,313.9

 
1,217.7

Other foreign countries(1)
660.1

 
133.1

 
97.2

Consolidated net sales
$
3,916.5

 
$
3,515.7

 
$
3,254.4

(1)
Reflects the addition of our Central Europe segment, which operates in nine countries and for which no individual country has total net sales exceeding 10% of the total consolidated net sales.
Properties by geographic segment
The following table presents net properties by geographic location:
 
As of
 
December 29, 2012
 
December 31, 2011
 
(In millions)
Net properties:
 
 
 
Canada
$
893.8

 
$
877.5

United States and its territories
33.1

 
35.7

United Kingdom
474.7

 
456.3

Other foreign countries(1)
594.3

 
60.6

Consolidated net properties
$
1,995.9

 
$
1,430.1

(1)
Reflects the addition of our Central Europe segment, which operates in nine countries and for which no individual country has total net properties exceeding 10% of the total consolidated net properties.