XML 139 R58.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Reporting Income (Loss) From Continuing Operations (Details)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Sep. 28, 2013
USD ($)
Jun. 29, 2013
USD ($)
Mar. 30, 2013
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 29, 2012
USD ($)
Dec. 31, 2013
Heineken
GBP (£)
Dec. 31, 2014
Heineken
USD ($)
Dec. 31, 2014
Heineken
GBP (£)
Dec. 31, 2014
Canada
USD ($)
Dec. 31, 2013
Canada
USD ($)
Dec. 29, 2012
Canada
USD ($)
Dec. 31, 2014
U.S.
USD ($)
Dec. 31, 2013
U.S.
USD ($)
Dec. 29, 2012
U.S.
USD ($)
Dec. 31, 2014
Europe
USD ($)
Dec. 31, 2013
Europe
USD ($)
Dec. 29, 2012
Europe
USD ($)
Dec. 31, 2014
Europe
Brand Impairment
USD ($)
intangible_asset
Dec. 31, 2013
Europe
Brand Impairment
USD ($)
Dec. 31, 2013
Europe
Brand Impairment
USD ($)
Dec. 31, 2014
MCI
USD ($)
Dec. 31, 2013
MCI
USD ($)
Dec. 29, 2012
MCI
USD ($)
Dec. 31, 2014
Corporate
USD ($)
Dec. 31, 2013
Corporate
USD ($)
Dec. 29, 2012
Corporate
USD ($)
Dec. 31, 2014
Eliminations
USD ($)
Dec. 31, 2013
Eliminations
USD ($)
Dec. 29, 2012
Eliminations
USD ($)
Dec. 31, 2014
Modelo
USD ($)
Segment Reporting                                                                        
Net sales $ 973.8tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 1,168.0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 1,188.5tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 816.0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 1,028.4tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 1,171.2tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 1,178.0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 828.5tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 4,146.3tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 4,206.1tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes $ 3,916.5tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes       $ 1,793.9tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_CA
$ 1,943.8tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_CA
$ 2,036.8tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_CA
$ 0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_US
$ 0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_US
$ 0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= country_US
$ 2,200.3tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
$ 2,128.3tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
$ 1,747.5tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[1]       $ 156.3tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
$ 137.6tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
$ 147.0tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
$ 1.1tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
$ 1.2tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
$ 1.2tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
$ (5.3)tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2] $ (4.8)tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2] $ (16.0)tap_SalesRevenueGoodsNetExcludingExciseAndSalesTaxes
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2]  
Interest expense                 (145.0)us-gaap_InterestExpense (183.8)us-gaap_InterestExpense (196.3)us-gaap_InterestExpense       0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_US
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_US
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= country_US
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[1]       0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
(145.0)us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
(183.8)us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
(196.3)us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_InterestExpense
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
 
Interest income                 11.3us-gaap_InvestmentIncomeInterest 13.7us-gaap_InvestmentIncomeInterest 11.3us-gaap_InvestmentIncomeInterest       0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_CA
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_US
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_US
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= country_US
4.4us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
4.9us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
5.7us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[1]       0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
6.9us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
8.8us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
5.6us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
 
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest                   654.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 592.1us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments         363.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= country_CA
423.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= country_CA
  539.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= country_US
510.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= country_US
  34.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[3] 136.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[1]         (11.8)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
(72.1)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
  (270.3)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
(405.9)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
  0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2] 0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2]  
Income (loss) from continuing operations before income taxes                 586.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 654.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 592.1us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest       406.8us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= country_CA
[4]     561.8us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= country_US
    (111.9)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
[5]           (13.3)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= tap_MciMember
    (257.1)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_CorporateMember
    0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementGeographicalAxis
= us-gaap_IntersegmentEliminationMember
[2]      
Income tax benefit (expense)                 (69.0)us-gaap_IncomeTaxExpenseBenefit (84.0)us-gaap_IncomeTaxExpenseBenefit (154.5)us-gaap_IncomeTaxExpenseBenefit                                                  
Net income (loss) from continuing operations                 517.3us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 570.5us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 437.6us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest                                                  
Net (income) loss attributable to noncontrolling interests                 (3.8)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (5.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 3.9us-gaap_NetIncomeLossAttributableToNoncontrollingInterest                                                  
Net income (loss) from continuing operations attributable to MCBC 93.2us-gaap_IncomeLossFromContinuingOperations (35.7)us-gaap_IncomeLossFromContinuingOperations 290.7us-gaap_IncomeLossFromContinuingOperations 165.3us-gaap_IncomeLossFromContinuingOperations 136.9us-gaap_IncomeLossFromContinuingOperations [6] 133.4us-gaap_IncomeLossFromContinuingOperations [6] 265.6us-gaap_IncomeLossFromContinuingOperations [6] 29.4us-gaap_IncomeLossFromContinuingOperations [6] 513.5us-gaap_IncomeLossFromContinuingOperations 565.3us-gaap_IncomeLossFromContinuingOperations [6] 441.5us-gaap_IncomeLossFromContinuingOperations                                                  
Non-cash impairment on indefinite-lived intangible assets                                               360.0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
/ us-gaap_UnusualOrInfrequentItemAxis
= tap_BrandImpairmentMember
150.9us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
/ us-gaap_UnusualOrInfrequentItemAxis
= tap_BrandImpairmentMember
150.9us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
/ us-gaap_UnusualOrInfrequentItemAxis
= tap_BrandImpairmentMember
                   
Number of indefinite-lived intangible assets                                               2tap_NumberofIndefinitelivedIntangibleAssets
/ us-gaap_StatementGeographicalAxis
= us-gaap_EuropeMember
/ us-gaap_UnusualOrInfrequentItemAxis
= tap_BrandImpairmentMember
                       
Proceeds from divestiture of joint venture interest                       13.0us-gaap_ProceedsFromDivestitureOfInterestInJointVenture
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= tap_HeinekenMember
8.5us-gaap_ProceedsFromDivestitureOfInterestInJointVenture
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= tap_HeinekenMember
5.0us-gaap_ProceedsFromDivestitureOfInterestInJointVenture
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= tap_HeinekenMember
                                          63.2us-gaap_ProceedsFromDivestitureOfInterestInJointVenture
/ dei_LegalEntityAxis
= tap_ModeloMember
Total special items                 $ 324.4us-gaap_RestructuringSettlementAndImpairmentProvisions $ 200.0us-gaap_RestructuringSettlementAndImpairmentProvisions $ 81.4us-gaap_RestructuringSettlementAndImpairmentProvisions                                                  
[1] Includes results from our Central Europe operations from the Acquisition date of June 15, 2012.
[2] Represents inter-segment sales from the Europe segment to the MCI segment.
[3] Income from continuing operations for the year ended December 31, 2013, includes a $150.9 million non-cash impairment charge related to two indefinite-lived brand intangibles in our Europe segment. See Note 12, "Goodwill and Intangible Assets" for further discussion.
[4] Income from continuing operations for the year ended December 31, 2014, includes income of $63.2 million within special items, reflective of the agreed upon payment received from Modelo related to the termination of MMI in our Canada segment. See Note 5, "Investments" for further discussion.
[5] Loss from continuing operations for the year ended December 31, 2014, includes a $360.0 million non-cash impairment charge related to two indefinite-lived brand intangibles in our Europe segment. See Note 12, "Goodwill and Intangible Assets" for further discussion.
[6] In previous years, including interim periods within 2013, we recognized advertising costs in expense over the interim periods within a fiscal year based on the proportion of net sales volumes for the interim period in relation to the estimated annual net sales volumes under U.S. GAAP, which permits the allocation of costs across interim periods within a fiscal year when future periods benefit from the expenditure. Advertising expenses were not deferred from one fiscal year to the next. During the first quarter of 2014, we changed our method of accounting for advertising expense for interim periods such that advertising expense is recognized as incurred, effective at the beginning of the first quarter. We adopted this change as a result of management’s belief that the new method is preferable and results in a more objective measure of quarterly expense that will better support planning and resource allocation decisions by management, results in improved financial statements for investor analysis, and further aligns our treatment with that of our U.S. operations within MillerCoors. The new policy of expensing advertising costs as incurred additionally eliminates the uncertainty in estimating overall expected net sales volumes, advertising expenses, and the benefit period of the advertising on an interim basis, and conforms the Company’s interim accounting policy with that used to prepare the annual financial statements. The change will be applied retrospectively to all prior interim periods, and advertising expense for such interim periods have been recast beginning with our first quarter 2014 interim reporting period.