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Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Sep. 28, 2013
Statement of Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in AOCI for the first three quarters of 2013 were as follows:
 
MCBC shareholders
 
Foreign
currency
translation
adjustments
 
Gain (loss) on
derivative
instruments
 
Pension and
postretirement
benefit
adjustments
 
Equity method
investments
 
Accumulated
other
comprehensive
income (loss)
 
(In millions)
As of December 29, 2012
$
1,187.5

 
$
(17.7
)
 
$
(844.1
)
 
$
(398.0
)
 
$
(72.3
)
Foreign currency translation adjustments
(110.2
)
 
—

 
—

 
—

 
(110.2
)
Unrealized gain (loss) on derivative instruments
—

 
34.2

 
—

 
—

 
34.2

Reclassification of derivative (gain) loss to income
—

 
(3.1
)
 
—

 
—

 
(3.1
)
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income
—

 
—

 
40.1

 
—

 
40.1

Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)
—

 
—

 
—

 
9.7

 
9.7

Tax adjustment related to investment in MillerCoors AOCI reclassification(1)
—

 
—

 
—

 
34.3

 
34.3

Tax benefit (expense)(2)
(13.9
)
 
(14.1
)
 
(5.6
)
 
(3.6
)
 
(37.2
)
As of September 28, 2013
$
1,063.4

 
$
(0.7
)
 
$
(809.6
)
 
$
(357.6
)
 
$
(104.5
)
(1)
During the first quarter of 2013, we recorded a tax adjustment related to the reclassification of amounts from the investment in MillerCoors to AOCI that was recorded in the fourth quarter of 2012 to reflect our proportional share of MillerCoors AOCI at formation. We made this reclassification in 2012 as we believe the new presentation provides improved transparency of our share of MillerCoors AOCI. This tax adjustment, which should have been made in 2012 with the reclassification, was not material to either the current or prior period financial statements taken as a whole and therefore prior periods do not reflect the adjustment.
(2)
During the third quarter of 2013, we identified that we had incorrectly recorded tax adjustments related to certain foreign currency movements in the financial statements for both the first and second quarters of 2013. See Note 1, "Basis of Presentation and Summary of Significant Accounting Policies" for further discussion.
Schedule of Reclassifications from Accumulated Other Comprehensive Income to Earnings
Reclassifications from AOCI to income for the third quarter and first three quarters of 2013 were as follows:
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
 
 
 
September 28, 2013
 
September 28, 2013
 
 
 
 
Reclassifications from AOCI
 
Reclassifications from AOCI
 
Location of gain (loss)
recognized in income
 
 
(In millions)
 
 
Gain/(loss) on cash flow hedges:
 
 
 
 
 
 
Forward starting interest rate swaps
 
$
(0.4
)
 
$
(1.2
)
 
Interest expense, net
Foreign currency forwards
 
0.7

 
1.1

 
Other income (expense), net
Foreign currency forwards
 
1.7

 
3.4

 
Cost of goods sold
Commodity swaps
 
(0.2
)
 
(0.2
)
 
Cost of goods sold
Total income (loss) reclassified, before tax
 
1.8

 
3.1

 
 
Income tax benefit (expense)
 
(0.9
)
 
(1.5
)
 
 
Net income (loss) reclassified, net of tax
 
$
0.9

 
$
1.6

 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension and other postretirement benefit plan items:
 
 
 
 
 
 
Prior service benefit (cost)
 
$
0.7

 
$
2.1

 
(1)
Net actuarial gain (loss)
 
(14.0
)
 
(42.2
)
 
(1)
Total income (loss) reclassified, before tax
 
(13.3
)
 
(40.1
)
 
 
Income tax benefit (expense)
 
2.7

 
5.6

 
 
Net income (loss) reclassified, net of tax
 
$
(10.6
)
 
$
(34.5
)
 
 
 
 
 
 
 
 
 
Total income (loss) reclassified, net of tax
 
$
(9.7
)
 
$
(32.9
)
 
 
(1)
These components of AOCI are included in the computation of net periodic pension and other postretirement benefit cost. See Note 15, "Pension and Other Postretirement Benefits" for additional details.