Special items (Tables)

9 Months Ended

Sep. 28, 2013

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 28, 2013		September 29, 2012		September 28, 2013			September 29, 2012
	(In millions)
Employee related charges
Restructuring(1)
Canada	$	1.6	$	2.5	$	3.0		$	4.1
Europe	7.3		2.5		10.3			8.8
MCI	—		1.2		0.1			1.2
Corporate	—		—		0.3			1.1
Special termination benefits
Canada(2)	0.3		0.3		1.7			2.2
Impairments or asset abandonment charges
Europe - Asset abandonment(3)	—		—		—			7.2
Europe - Intangible asset impairment(4)	150.9		—		150.9			—
MCI - China impairments and related costs(5)	0.3		28.5		1.1			38.9
Unusual or infrequent items
Canada - Flood loss (insurance reimbursement)(6)	—		0.9		—			(1.4		)
Europe - Flood loss (insurance reimbursement)(7)	2.6		—		2.6			—
Europe - Release of non-income-related tax reserve(8)	—		—		(4.2		)	(3.5		)
Special items, net	$	163.0	$	35.9	$	165.8		$	58.6

(1) During 2013 and 2012, we recognized expenses associated with restructuring programs focused on labor savings and organizational effectiveness across all functions. As a result, we have reduced headcount by approximately 740 employees since the start of 2012.

(2) During the third quarter and first three quarters of 2013 and 2012, 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.

(3) During the second quarter of 2012, we recognized an asset abandonment charge related to the discontinuation of primary packaging in the U.K. We determined that our Home Draft package 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) During the third quarter of 2013, we recognized impairment charges related to indefinite-lived intangible assets in Europe. See Note 11, "Goodwill and Intangible Assets" for further discussion.

(5) In the second quarter of 2012, we recognized impairment charges related to goodwill and definite-lived intangible assets in our joint venture in China. See Note 11, "Goodwill and Intangible Assets" for further discussion. In the third quarter of 2012, we deconsolidated our MC Si'hai joint venture in China due to a loss of our ability to control the joint venture and recognized an impairment loss of $27.6 million upon deconsolidation and $0.9 million of related costs.

(6) 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, we received insurance proceeds in excess of expenses incurred related to these damages.

(7) During the third quarter and first three quarters of 2013, we recorded losses and related costs of $2.6 million and $5.9 million, respectively, in our Europe business related to significant flooding in Czech Republic in the second quarter of 2013. These losses were offset by $3.3 million insurance proceeds received in the second quarter of 2013.

(8) During 2009, we established a non-income-related tax reserve of $10.4 million that was recorded as a special item. The amounts recorded in 2013 and 2012 represent the release of this reserve as a result of a change in estimate. As a result, the remaining amount of this non-income-related tax reserve was fully released in the first quarter of 2013.

Change in the restructuring accrual

The table below summarizes the activity in the restructuring accruals by segment:

	Canada			Europe			MCI			Corporate			Total
	(In millions)
Total at December 29, 2012	$	7.1		$	13.4		$	2.8		$	1.5		$	24.8
Charges incurred	3.0			10.3			0.1			0.3			13.7
Payments made	(6.2		)	(12.1		)	(2.5		)	(1.8		)	(22.6		)
Foreign currency and other adjustments	(0.2		)	—			—			—			(0.2		)
Total at September 28, 2013	$	3.7		$	11.6		$	0.4		$	—		$	15.7