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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 29, 2013
Jun. 30, 2014
Jun. 29, 2013
Sales $ 1,685.9 $ 1,659.7 $ 2,864.2 $ 2,844.5
Excise taxes (497.4) (481.7) (859.7) (838.0)
Net sales 1,188.5 1,178.0 2,004.5 2,006.5
Cost of goods sold (683.3) (684.1) (1,206.5) (1,231.2)
Gross profit 505.2 493.9 798.0 775.3
Marketing, general and administrative expenses (327.8) (319.5) (591.7) (613.4)
Special items, net (2.7) (1.3) 49.8 (2.8)
Equity income in MillerCoors 190.1 172.6 312.9 290.0
Operating income (loss) 364.8 345.7 569.0 449.1
Interest income (expense), net (36.2) (41.2) (71.6) (116.1)
Other income (expense), net 0.7 (7.3) 1.5 (3.0)
Income (loss) from continuing operations before income taxes 329.3 297.2 [1] 498.9 330.0 [1]
Income tax benefit (expense) (36.4) (30.0) (41.2) (32.0)
Net Income (loss) from continuing operations 292.9 267.2 457.7 298.0
Income (loss) from discontinued operations, net of tax 0.2 1.7 [1] (1.7) 0.8 [1]
Net income (loss) including noncontrolling interests 293.1 268.9 456.0 298.8
Net (income) loss attributable to noncontrolling interests (2.2) (1.6) (1.7) (3.0)
Net income (loss) attributable to Molson Coors Brewing Company 290.9 267.3 [1] 454.3 295.8 [1]
Basic net income (loss) attributable to Molson Coors Brewing Company per share:        
From continuing operations (in dollars per share) $ 1.57 [2] $ 1.45 [1],[2] $ 2.47 [2] $ 1.62 [1],[2]
From discontinued operations (in dollars per share) $ 0.00 [2] $ 0.01 [1],[2] $ (0.01) [2] $ 0.00 [1],[2]
Basic net income (loss) attributable to Molson Coors Brewing Company per share $ 1.57 [2] $ 1.46 [1],[2] $ 2.46 [2] $ 1.62 [1],[2]
Diluted net income (loss) attributable to Molson Coors Brewing Company per share:        
From continuing operations (in dollars per share) $ 1.56 [2] $ 1.44 [1],[2] $ 2.46 [2] $ 1.61 [1],[2]
From discontinued operations (in dollars per share) $ 0.00 [2] $ 0.01 [1],[2] $ (0.01) [2] $ 0.00 [1],[2]
Diluted net income (loss) attributable to Molson Coors Brewing Company per share $ 1.56 [2] $ 1.45 [1],[2] $ 2.45 [2] $ 1.61 [1],[2]
Weighted average shares - basic (in shares) 184.8 182.9 184.5 182.3
Weighted average shares - diluted (in shares) 185.9 184.1 185.7 183.5
Amounts attributable to Molson Coors Brewing Company        
Net income (loss) from continuing operations 290.7 265.6 [1] 456.0 295.0 [1]
Income (loss) from discontinued operations, net of tax 0.2 1.7 [1] (1.7) 0.8 [1]
Net income (loss) attributable to Molson Coors Brewing Company $ 290.9 $ 267.3 [1] $ 454.3 $ 295.8 [1]
[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.
[2] The sum of the quarterly net income per share amounts may not agree to the full year net income per share amounts. We calculate net income per share based on the weighted average number of outstanding shares during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.