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Supplemental Guarantor Information Supplemental (Tables)
 3 Months Ended
Mar. 30, 2013
Statement of Operations [Member]
  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE THIRTEEN WEEKS ENDED MARCH 30, 2013
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Sales
$
3.9

 
$
972.8

 
$
240.4

 
$
(32.3
)
 
$
1,184.8

Excise taxes
—

 
(303.8
)
 
(52.5
)
 
—

 
(356.3
)
Net sales
3.9

 
669.0

 
187.9

 
(32.3
)
 
828.5

Cost of goods sold
—

 
(427.7
)
 
(146.7
)
 
27.3

 
(547.1
)
Gross profit
3.9

 
241.3

 
41.2

 
(5.0
)
 
281.4

Marketing, general and administrative expenses
(37.1
)
 
(179.0
)
 
(74.2
)
 
5.0

 
(285.3
)
Special items, net
(0.3
)
 
(0.8
)
 
(0.4
)
 
—

 
(1.5
)
Equity income (loss) in subsidiaries
103.5

 
(146.4
)
 
41.4

 
1.5

 
—

Equity income in MillerCoors
—

 
117.4

 
—

 
—

 
117.4

Operating income (loss)
70.0

 
32.5

 
8.0

 
1.5

 
112.0

Interest income (expense), net
(26.0
)
 
48.1

 
(97.0
)
 
—

 
(74.9
)
Other income (expense), net
(13.6
)
 
30.8

 
(12.9
)
 
—

 
4.3

Income (loss) from continuing operations before income taxes
30.4

 
111.4

 
(101.9
)
 
1.5

 
41.4

Income tax benefit (expense)
5.2

 
(8.0
)
 
(0.7
)
 
—

 
(3.5
)
Net income (loss) from continuing operations
35.6

 
103.4

 
(102.6
)
 
1.5

 
37.9

Income (loss) from discontinued operations, net of tax
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Net income (loss) including noncontrolling interests
35.6

 
103.4

 
(103.5
)
 
1.5

 
37.0

Add back (less): Loss (net income) attributable to noncontrolling interests
—

 
—

 
(1.4
)
 
—

 
(1.4
)
Net income (loss) attributable to MCBC
$
35.6

 
$
103.4

 
$
(104.9
)
 
$
1.5

 
$
35.6

Comprehensive income attributable to MCBC
$
(206.2
)
 
$
(119.3
)
 
$
(216.2
)
 
$
335.5

 
$
(206.2
)
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE THIRTEEN WEEKS ENDED MARCH 31, 2012
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Sales
$
5.5

 
$
982.7

 
$
59.7

 
$
(39.8
)
 
$
1,008.1

Excise taxes
—

 
(303.9
)
 
(12.8
)
 
—

 
(316.7
)
Net sales
5.5

 
678.8

 
46.9

 
(39.8
)
 
691.4

Cost of goods sold
—

 
(416.6
)
 
(54.5
)
 
32.3

 
(438.8
)
Gross profit
5.5

 
262.2

 
(7.6
)
 
(7.5
)
 
252.6

Marketing, general and administrative expenses
(34.5
)
 
(202.0
)
 
(19.2
)
 
7.5

 
(248.2
)
Special items, net
(1.1
)
 
(0.4
)
 
—

 
—

 
(1.5
)
Equity income (loss) in subsidiaries
85.0

 
(117.6
)
 
26.0

 
6.6

 
—

Equity income in MillerCoors
—

 
118.9

 
—

 
—

 
118.9

Operating income (loss)
54.9

 
61.1

 
(0.8
)
 
6.6

 
121.8

Interest income (expense), net
—

 
74.1

 
(97.9
)
 
—

 
(23.8
)
Other income (expense), net
12.0

 
(12.6
)
 
(0.8
)
 
—

 
(1.4
)
Income (loss) from continuing operations before income taxes
66.9

 
122.6

 
(99.5
)
 
6.6

 
96.6

Income tax benefit (expense)
12.6

 
(37.7
)
 
7.8

 
—

 
(17.3
)
Net income (loss) from continuing operations
79.5

 
84.9

 
(91.7
)
 
6.6

 
79.3

Income (loss) from discontinued operations, net of tax
—

 
—

 
0.1

 
—

 
0.1

Net income (loss) including noncontrolling interests
79.5

 
84.9

 
(91.6
)
 
6.6

 
79.4

Add back (less): Loss (net income) attributable to noncontrolling interests
—

 
—

 
0.1

 
—

 
0.1

Net income (loss) attributable to MCBC
$
79.5

 
$
84.9

 
$
(91.5
)
 
$
6.6

 
$
79.5

Comprehensive income attributable to MCBC
$
190.6

 
$
219.4

 
$
(100.6
)
 
$
(118.8
)
 
$
190.6
Balance Sheet [Member]
  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF MARCH 30, 2013
(IN MILLIONS)
(UNAUDITED)
 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
107.8

 
$
259.3

 
$
144.4

 
$
—

 
$
511.5

Accounts receivable, net
1.4

 
433.2

 
137.6

 
—

 
572.2

Other receivables, net
69.2

 
50.6

 
18.2

 
—

 
138.0

Total inventories, net
—

 
207.6

 
50.0

 
—

 
257.6

Other assets, net
8.9

 
83.7

 
48.9

 
—

 
141.5

Deferred tax assets
—

 
—

 
70.4

 
(1.5
)
 
68.9

Intercompany accounts receivable
—

 
1,910.0

 
804.4

 
(2,714.4
)
 
—

Total current assets
187.3

 
2,944.4

 
1,273.9

 
(2,715.9
)
 
1,689.7

Properties, net
24.3

 
1,282.2

 
619.0

 
—

 
1,925.5

Goodwill
—

 
1,018.2

 
1,347.5

 
—

 
2,365.7

Other intangibles, net
—

 
4,476.7

 
2,551.6

 
—

 
7,028.3

Investment in MillerCoors
—

 
2,530.4

 
—

 
—

 
2,530.4

Net investment in and advances to subsidiaries
10,346.2

 
2,802.9

 
5,929.1

 
(19,078.2
)
 
—

Deferred tax assets
68.7

 
151.9

 
0.8

 
(31.6
)
 
189.8

Other assets, net
38.0

 
122.5

 
52.8

 
—

 
213.3

Total assets
$
10,664.5

 
$
15,329.2

 
$
11,774.7

 
$
(21,825.7
)
 
$
15,942.7

Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable
$
7.1

 
$
268.5

 
$
179.9

 
$
—

 
$
455.5

Accrued expenses and other liabilities
59.1

 
501.0

 
148.4

 
—

 
708.5

Derivative hedging instruments
10.6

 
2.8

 
0.1

 
—

 
13.5

Deferred tax liability
12.4

 
156.9

 
1.1

 
(1.5
)
 
168.9

Current portion of long-term debt and short-term borrowings
568.8

 
678.3

 
13.3

 
—

 
1,260.4

Discontinued operations
—

 
—

 
8.0

 
—

 
8.0

Intercompany accounts payable
1,170.9

 
812.8

 
730.7

 
(2,714.4
)
 
—

Total current liabilities
1,828.9

 
2,420.3

 
1,081.5

 
(2,715.9
)
 
2,614.8

Long-term debt
1,895.7

 
1,374.5

 
120.6

 
—

 
3,390.8

Pension and post-retirement benefits
3.4

 
766.7

 
6.5

 
—

 
776.6

Derivative hedging instruments
—

 
206.5

 
—

 
—

 
206.5

Deferred tax liability
—

 
—

 
998.0

 
(31.6
)
 
966.4

Other liabilities, net
9.8

 
57.3

 
103.3

 
—

 
170.4

Discontinued operations
—

 
—

 
20.3

 
—

 
20.3

Intercompany notes payable
—

 
1,067.9

 
6,810.7

 
(7,878.6
)
 
—

Total liabilities
3,737.8

 
5,893.2

 
9,140.9

 
(10,626.1
)
 
8,145.8

MCBC stockholders' equity
7,771.1

 
15,603.8

 
3,474.4

 
(19,078.2
)
 
7,771.1

Intercompany notes receivable
(844.4
)
 
(6,167.8
)
 
(866.4
)
 
7,878.6

 
—

Total stockholders' equity
6,926.7

 
9,436.0

 
2,608.0

 
(11,199.6
)
 
7,771.1

Noncontrolling interests
—

 
—

 
25.8

 
—

 
25.8

Total equity
6,926.7

 
9,436.0

 
2,633.8

 
(11,199.6
)
 
7,796.9

Total liabilities and equity
$
10,664.5

 
$
15,329.2

 
$
11,774.7

 
$
(21,825.7
)
 
$
15,942.7

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 29, 2012
(IN MILLIONS)
(UNAUDITED)
 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
189.8

 
$
249.3

 
$
184.9

 
$
—

 
$
624.0

Accounts receivable, net
1.7

 
524.7

 
134.1

 
—

 
660.5

Other receivables, net
22.7

 
54.6

 
15.6

 
—

 
92.9

Total inventories, net
—

 
172.5

 
41.4

 
—

 
213.9

Other assets, net
10.7

 
67.1

 
39.7

 
—

 
117.5

Deferred tax assets
—

 
—

 
40.7

 
(1.5
)
 
39.2

Intercompany accounts receivable
—

 
2,077.8

 
1,137.5

 
(3,215.3
)
 
—

Total current assets
224.9

 
3,146.0

 
1,593.9

 
(3,216.8
)
 
1,748.0

Properties, net
25.1

 
1,338.9

 
631.9

 
—

 
1,995.9

Goodwill
—

 
1,068.5

 
1,384.6

 
—

 
2,453.1

Other intangibles, net
—

 
4,606.8

 
2,628.0

 
—

 
7,234.8

Investment in MillerCoors
—

 
2,431.8

 
—

 
—

 
2,431.8

Net investment in and advances to subsidiaries
10,465.2

 
2,291.6

 
5,291.7

 
(18,048.5
)
 
—

Deferred tax assets
47.4

 
104.8

 
4.9

 
(31.7
)
 
125.4

Other assets
38.6

 
125.0

 
59.6

 
—

 
223.2

Total assets
$
10,801.2

 
$
15,113.4

 
$
11,594.6

 
$
(21,297.0
)
 
$
16,212.2

Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable
$
6.9

 
$
250.4

 
$
169.7

 
$
—

 
$
427.0

Accrued expenses and other liabilities
57.1

 
537.3

 
165.5

 
—

 
759.9

Derivative hedging instruments
—

 
6.0

 
—

 
—

 
6.0

Deferred tax liability
11.3

 
142.5

 
—

 
(1.5
)
 
152.3

Current portion of long-term debt and short-term borrowings
564.2

 
668.3

 
13.1

 
—

 
1,245.6

Discontinued operations
—

 
—

 
7.9

 
—

 
7.9

Intercompany accounts payable
1,166.3

 
1,133.3

 
915.7

 
(3,215.3
)
 
—

Total current liabilities
1,805.8

 
2,737.8

 
1,271.9

 
(3,216.8
)
 
2,598.7

Long-term debt
1,895.6

 
1,402.5

 
124.4

 
—

 
3,422.5

Pension and post-retirement benefits
3.3

 
823.1

 
6.6

 
—

 
833.0

Derivative hedging instruments
—

 
222.2

 
—

 
—

 
222.2

Deferred tax liability
—

 
—

 
980.2

 
(31.7
)
 
948.5

Other liabilities, net
6.6

 
64.4

 
104.7

 
—

 
175.7

Discontinued operations
—

 
—

 
20.0

 
—

 
20.0

Intercompany notes payable
—

 
1,135.8

 
6,971.9

 
(8,107.7
)
 
—

Total liabilities
3,711.3

 
6,385.8

 
9,479.7

 
(11,356.2
)
 
8,220.6

MCBC stockholders' equity
7,966.9

 
15,036.7

 
3,011.8

 
(18,048.5
)
 
7,966.9

Intercompany notes receivable
(877.0
)
 
(6,309.1
)
 
(921.6
)
 
8,107.7

 
—

Total stockholders' equity
7,089.9

 
8,727.6

 
2,090.2

 
(9,940.8
)
 
7,966.9

Noncontrolling interests
—

 
—

 
24.7

 
—

 
24.7

Total equity
7,089.9

 
8,727.6

 
2,114.9

 
(9,940.8
)
 
7,991.6

Total liabilities and equity
$
10,801.2

 
$
15,113.4

 
$
11,594.6

 
$
(21,297.0
)
 
$
16,212.2
Statement of Cash Flows [Member]
  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTEEN WEEKS ENDED MARCH 31, 2012
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
155.3

 
$
(214.6
)
 
$
111.3

 
$
(1.6
)
 
$
50.4

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Additions to properties
(1.1
)
 
(29.6
)
 
(3.1
)
 
—

 
(33.8
)
Proceeds from sales of properties and intangible assets
—

 
0.8

 
—

 
—

 
0.8

Investment in MillerCoors
—

 
(236.0
)
 
—

 
—

 
(236.0
)
Return of capital from MillerCoors
—

 
124.6

 
—

 
—

 
124.6

Payments on settlement of derivative instruments
—

 
(110.6
)
 
—

 
—

 
(110.6
)
Investment in and advances to an unconsolidated affiliate
—

 
(2.5
)
 
(2.1
)
 
—

 
(4.6
)
Trade loan repayments from customers
—

 
3.8

 
—

 
—

 
3.8

Trade loans advanced to customers
—

 
(2.4
)
 
—

 
—

 
(2.4
)
Net intercompany investing activity
(39.9
)
 
116.4

 
—

 
(76.5
)
 
—

Net cash provided by (used in) investing activities
(41.0
)
 
(135.5
)
 
(5.2
)
 
(76.5
)
 
(258.2
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Exercise of stock options under equity compensation plans
19.7

 
—

 
—

 
—

 
19.7

Excess tax benefits from share-based compensation
3.3

 
—

 
—

 
—

 
3.3

Dividends paid
(57.8
)
 
(1.6
)
 
—

 
1.6

 
(57.8
)
Dividends paid to noncontrolling interest holders
—

 
(1.7
)
 
—

 
—

 
(1.7
)
Payments on long-term debt and capital lease obligations
—

 
(0.1
)
 
—

 
—

 
(0.1
)
Payments on short-term borrowings
—

 
—

 
(10.8
)
 
—

 
(10.8
)
Net (payments) proceeds from revolving credit facilities
—

 
—

 
1.5

 
—

 
1.5

Net intercompany financing activity
—

 
39.7

 
(116.2
)
 
76.5

 
—

Net cash provided by (used in) financing activities
(34.8
)
 
36.3

 
(125.5
)
 
78.1

 
(45.9
)
CASH AND CASH EQUIVALENTS:
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
79.5

 
(313.8
)
 
(19.4
)
 
—

 
(253.7
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
10.2

 
0.9

 
—

 
11.1

Balance at beginning of year
601.1

 
422.5

 
55.3

 
—

 
1,078.9

Balance at end of period
$
680.6

 
$
118.9

 
$
36.8

 
$
—

 
$
836.3

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTEEN WEEKS ENDED MARCH 30, 2013
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor, 2007 and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(58.0
)
 
$
174.6

 
$
2.5

 
$
(0.7
)
 
$
118.4

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Additions to properties
(1.6
)
 
(30.2
)
 
(36.5
)
 
—

 
(68.3
)
Proceeds from sales of properties and intangible assets
—

 
1.2

 
2.5

 
—

 
3.7

Investment in MillerCoors
—

 
(331.8
)
 
—

 
—

 
(331.8
)
Return of capital from MillerCoors
—

 
222.4

 
—

 
—

 
222.4

Trade loan repayments from customers
—

 
2.6

 
—

 
—

 
2.6

Trade loans advanced to customers
—

 
(2.5
)
 
—

 
—

 
(2.5
)
Net intercompany investing activity
—

 
(9.4
)
 
—

 
9.4

 
—

Net cash provided by (used in) investing activities
(1.6
)
 
(147.7
)
 
(34.0
)
 
9.4

 
(173.9
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Exercise of stock options under equity compensation plans
27.2

 
—

 
—

 
—

 
27.2

Excess tax benefits from share-based compensation
1.6

 
—

 
—

 
—

 
1.6

Dividends paid
(51.2
)
 
—

 
(7.7
)
 
0.7

 
(58.2
)
Payments for purchase of noncontrolling interest
—

 
—

 
(0.2
)
 
—

 
(0.2
)
Proceeds from short-term borrowings
—

 
—

 
5.9

 
—

 
5.9

Payments on short-term borrowings
—

 
—

 
(13.8
)
 
—

 
(13.8
)
Net (payments) proceeds from revolving credit facilities
—

 
—

 
(1.2
)
 
—

 
(1.2
)
Change in overdraft balances and other
—

 
(0.2
)
 
3.7

 
—

 
3.5

Net intercompany financing activity
—

 
—

 
9.4

 
(9.4
)
 
—

Net cash provided by (used in) financing activities
(22.4
)
 
(0.2
)
 
(3.9
)
 
(8.7
)
 
(35.2
)
CASH AND CASH EQUIVALENTS:
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
(82.0
)
 
26.7

 
(35.4
)
 
—

 
(90.7
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
(16.7
)
 
(5.1
)
 
—

 
(21.8
)
Balance at beginning of year
189.8

 
249.3

 
184.9

 
—

 
624.0

Balance at end of period
$
107.8

 
$
259.3

 
$
144.4

 
$
—

 
$
511.5