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Special Items (Tables)
 12 Months Ended
Dec. 31, 2014
Extraordinary and Unusual Items [Abstract]  
Summary of Special Items Recorded by Segment
The table below summarizes special items recorded by segment:
 
For the years ended
 
December 31, 2014
 
December 31, 2013
 
December 29, 2012
 
(In millions)
Employee-related charges
 
 
 
 
 
Restructuring
 
 
 
 
 
Canada
$
7.6

 
$
10.6

 
$
10.1

Europe
3.7

 
14.5

 
19.8

MCI
—

 
0.4

 
3.0

Corporate
0.3

 
1.3

 
2.0

Special termination benefits
 
 
 
 
 
Canada
—

 
2.2

 
5.0

Impairments or asset abandonment charges
 
 
 
 
 
Canada - Intangible asset write-off and impairment(1)
13.8

 
17.9

 
—

Europe - Intangible asset impairment(2)
360.0

 
150.9

 
—

Europe - Asset abandonment(3)
4.0

 
—

 
7.2

MCI - China impairment and related costs(4)
—

 
—

 
39.2

Unusual or infrequent items
 
 
 
 
 
Canada - Flood loss (insurance reimbursement)(5)
—

 
—

 
(1.4
)
Europe - Release of non-income-related tax reserve(6)
—

 
(4.2
)
 
(3.5
)
Europe - Flood loss (insurance reimbursement), net(7)
(1.8
)
 
(2.0
)
 
—

Termination fees and other (gains)/losses
 
 
 
 
 
Canada - Termination fee income(1)
(63.2
)
 
—

 
—

Europe - Tradeteam transactions(8)
—

 
13.2

 
—

MCI - Sale of China joint venture(4)
—

 
(4.8
)
 
—

Total Special items, net
$
324.4

 
$
200.0

 
$
81.4


(1)
Upon termination of our MMI operations in 2014, we recognized termination fee income and charges associated with the write-off of the definite-lived intangible asset associated with the joint venture. See Note 5, "Investments" for further discussion.
Additionally, in the third quarter of 2014 and fourth quarter of 2013, we recognized impairment charges related to our definite-lived intangible asset associated with our license agreement with Miller in Canada. See Note 12, "Goodwill and Intangible Assets" and Note 19, "Commitments and Contingencies" for further discussion.
(2)
During the third quarters of 2014 and 2013, we recognized impairment charges related to indefinite-lived intangible assets in Europe. See Note 12, "Goodwill and Intangible Assets" for further discussion.
(3)
In December 2013, we entered into an agreement with Heineken to early terminate our contract brewing and kegging agreement with Heineken under which we produced and packaged the Foster's and Kronenbourg brands in the U.K. As a result of the termination, Heineken agreed to pay us an aggregate early termination payment of GBP 13.0 million, of which we received $8.5 million (GBP 5.0 million) in 2014 and will receive the remainder at the end of the transition period, concluding on April 30, 2015. The full amount of the termination payment will be recognized as income within special items at the end of the transition period. Additionally, the termination of this distribution agreement led to a strategic review of our European supply chain network. As part of this analysis, we entered into a consultation process during the fourth quarter of 2014 following a proposal by management to close one of our U.K. brewing facilities in 2015. As a result of management's proposal, we incurred accelerated depreciation expense in excess of our normal depreciation associated with this brewery. We may incur additional charges associated with the proposed closing of this brewery in 2015, which we anticipate will also be recorded within special items.
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)
In December of 2013, we sold our interest in the MC Si'hai joint venture in China and recognized a gain of $6.0 million. The gain consists of the non-cash release of the $5.4 million liability representing the fair value of our remaining investment upon deconsolidation of the joint venture in 2012, as well as $0.6 million of proceeds received for our interest in the joint venture. We also recognized legal and related fees in relation to the sale of $1.2 million during 2013.
In the second quarter of 2012, we recognized impairment charges of $10.4 million related to goodwill and definite-lived intangible assets in our MC Si'hai joint venture in China, and in the third quarter of 2012, we deconsolidated the joint venture and recognized an impairment loss of $27.6 million upon deconsolidation. See Note 5, "Investments" for further discussion of the deconsolidation and subsequent sale of the joint venture.
(5)
During 2012, we received insurance proceeds in excess of expenses incurred related to flood damages at our Toronto offices.
(6)
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 2013.
(7)
During 2014, we recorded losses and related costs of $2.1 million in our Europe business associated with significant flooding in Serbia, Bosnia and Croatia that occurred in the second quarter of 2014. These losses were offset by insurance proceeds of $3.9 million received related to the flooding that occurred in the second quarter of 2014.
During 2013, we recorded losses and related net costs of $5.4 million in our Europe business related to significant flooding in Czech Republic in the second quarter of 2013. These losses were offset by $7.4 million insurance proceeds received in 2013.
(8)
Upon termination of our Tradeteam distribution agreements and subsequent termination of the joint venture and sale of our 49.9% interest in Tradeteam to DHL, we recognized a loss of $13.2 million in December 2013. See Note 5, "Investments" for further discussion.
Schedule of Restructuring Accruals
The table below summarizes the activity in the restructuring accruals by segment:
 
Canada
 
Europe
 
MCI
 
Corporate
 
Total
 
(In millions)
Balance at December 31, 2011
$
0.1

 
$
1.8

 
$
—

 
$
—

 
$
1.9

Charges incurred
10.1

 
19.8

 
3.0

 
2.0

 
34.9

Payments made
(2.9
)
 
(8.0
)
 
(0.2
)
 
(0.5
)
 
(11.6
)
Foreign currency and other adjustments
(0.2
)
 
(0.2
)
 
—

 
—

 
(0.4
)
Balance at December 29, 2012
$
7.1

 
$
13.4

 
$
2.8

 
$
1.5

 
$
24.8

Charges incurred
10.6

 
14.5

 
0.4

 
1.3

 
26.8

Payments made
(7.7
)
 
(14.6
)
 
(2.7
)
 
(1.9
)
 
(26.9
)
Foreign currency and other adjustments
(0.3
)
 
0.3

 
—

 
—

 
—

Balance at December 31, 2013
$
9.7

 
$
13.6

 
$
0.5

 
$
0.9

 
$
24.7

Charges incurred
7.6

 
6.3

 
—

 
0.3

 
14.2

Payments made
(13.0
)
 
(5.2
)
 
(0.5
)
 
(1.0
)
 
(19.7
)
Changes in estimates
—

 
(2.6
)
 
—

 
—

 
(2.6
)
Foreign currency and other adjustments
(0.5
)
 
(0.6
)
 
—

 
—

 
(1.1
)
Balance at December 31, 2014
$
3.8

 
$
11.5

 
$
—

 
$
0.2

 
$
15.5