XML 31 R75.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Guarantor Information Income statement (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales $ 1,178.3 $ 1,184.8
Excise taxes (362.3) (356.3)
Net sales 816.0 828.5
Cost of goods sold (523.2) (547.1)
Gross profit 292.8 281.4
Marketing, general and administrative expenses (263.9) (293.9)
Special items, net 52.5 (1.5)
Equity income in MillerCoors 122.8 117.4
Operating income (loss) 204.2 103.4
Interest income (expense), net (35.4) (74.9)
Other income (expense), net 0.8 4.3
Income (loss) from continuing operations before income taxes 169.6 32.8 [1]
Income tax benefit (expense) (4.8) (2.0)
Net Income (loss) from continuing operations 164.8 30.8
Income (loss) from discontinued operations, net of tax (1.9) (0.9) [1]
Net income (loss) including noncontrolling interests 162.9 29.9
Add back (less): Loss (net income) attributable to noncontrolling interests 0.5 (1.4)
Net income (loss) attributable to MCBC 163.4 28.5 [1]
Comprehensive income attributable to MCBC 1.9 (232.7)
Parent Guarantor, 2007 and 2012 Issuer [Member]
   
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales 8.0 3.9
Excise taxes 0 0
Net sales 8.0 3.9
Cost of goods sold 0 0
Gross profit 8.0 3.9
Marketing, general and administrative expenses (31.2) (37.1)
Special items, net 0 (0.3)
Equity income (loss) in subsidiaries 201.4 99.6
Equity income in MillerCoors 0 0
Operating income (loss) 178.2 66.1
Interest income (expense), net (21.4) (26.0)
Other income (expense), net 0.3 (13.6)
Income (loss) from continuing operations before income taxes 157.1 26.5
Income tax benefit (expense) 6.3 2.0
Net Income (loss) from continuing operations 163.4 28.5
Income (loss) from discontinued operations, net of tax 0 0
Net income (loss) including noncontrolling interests 163.4 28.5
Add back (less): Loss (net income) attributable to noncontrolling interests 0 0
Net income (loss) attributable to MCBC 163.4 28.5
Comprehensive income attributable to MCBC 1.9 (232.7)
Subsidiary Guarantors
   
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales 950.8 972.8
Excise taxes (304.9) (303.8)
Net sales 645.9 669.0
Cost of goods sold (404.7) (427.7)
Gross profit 241.2 241.3
Marketing, general and administrative expenses (173.8) (184.3)
Special items, net (10.7) (0.8)
Equity income (loss) in subsidiaries (33.7) (151.3)
Equity income in MillerCoors 122.8 117.4
Operating income (loss) 145.8 22.3
Interest income (expense), net 75.8 48.1
Other income (expense), net 2.0 30.8
Income (loss) from continuing operations before income taxes 223.6 101.2
Income tax benefit (expense) (15.3) (3.0)
Net Income (loss) from continuing operations 208.3 98.2
Income (loss) from discontinued operations, net of tax 0 0
Net income (loss) including noncontrolling interests 208.3 98.2
Add back (less): Loss (net income) attributable to noncontrolling interests 0 0
Net income (loss) attributable to MCBC 208.3 98.2
Comprehensive income attributable to MCBC 94.0 (124.5)
Subsidiary Non-Guarantors
   
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales 259.0 240.4
Excise taxes (57.4) (52.5)
Net sales 201.6 187.9
Cost of goods sold (142.8) (146.7)
Gross profit 58.8 41.2
Marketing, general and administrative expenses (74.1) (77.5)
Special items, net 63.2 (0.4)
Equity income (loss) in subsidiaries 21.2 35.2
Equity income in MillerCoors 0 0
Operating income (loss) 69.1 (1.5)
Interest income (expense), net (89.8) (97.0)
Other income (expense), net (1.5) (12.9)
Income (loss) from continuing operations before income taxes (22.2) (111.4)
Income tax benefit (expense) 4.2 (1.0)
Net Income (loss) from continuing operations (18.0) (112.4)
Income (loss) from discontinued operations, net of tax (1.9) (0.9)
Net income (loss) including noncontrolling interests (19.9) (113.3)
Add back (less): Loss (net income) attributable to noncontrolling interests 0.5 (1.4)
Net income (loss) attributable to MCBC (19.4) (114.7)
Comprehensive income attributable to MCBC (21.9) (226.0)
Eliminations
   
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales (39.5) (32.3)
Excise taxes 0 0
Net sales (39.5) (32.3)
Cost of goods sold 24.3 27.3
Gross profit (15.2) (5.0)
Marketing, general and administrative expenses 15.2 5.0
Special items, net 0 0
Equity income (loss) in subsidiaries (188.9) 16.5
Equity income in MillerCoors 0 0
Operating income (loss) (188.9) 16.5
Interest income (expense), net 0 0
Other income (expense), net 0 0
Income (loss) from continuing operations before income taxes (188.9) 16.5
Income tax benefit (expense) 0 0
Net Income (loss) from continuing operations (188.9) 16.5
Income (loss) from discontinued operations, net of tax 0 0
Net income (loss) including noncontrolling interests (188.9) 16.5
Add back (less): Loss (net income) attributable to noncontrolling interests 0 0
Net income (loss) attributable to MCBC (188.9) 16.5
Comprehensive income attributable to MCBC (72.1) 350.5
Consolidated [Member]
   
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales 1,178.3 1,184.8
Excise taxes (362.3) (356.3)
Net sales 816.0 828.5
Cost of goods sold (523.2) (547.1)
Gross profit 292.8 281.4
Marketing, general and administrative expenses (263.9) (293.9)
Special items, net 52.5 (1.5)
Equity income (loss) in subsidiaries 0 0
Equity income in MillerCoors 122.8 117.4
Operating income (loss) 204.2 103.4
Interest income (expense), net (35.4) (74.9)
Other income (expense), net 0.8 4.3
Income (loss) from continuing operations before income taxes 169.6 32.8
Income tax benefit (expense) (4.8) (2.0)
Net Income (loss) from continuing operations 164.8 30.8
Income (loss) from discontinued operations, net of tax (1.9) (0.9)
Net income (loss) including noncontrolling interests 162.9 29.9
Add back (less): Loss (net income) attributable to noncontrolling interests 0.5 (1.4)
Net income (loss) attributable to MCBC 163.4 28.5
Comprehensive income attributable to MCBC $ 1.9 $ (232.7)
[1] Amounts have been adjusted to reflect the change in interim accounting for advertising expenses. See Note 1, "Basis of Presentation and Summary of Significant Accounting Policies" for further discussion.