XML 67 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Net sales by segment
The following table presents net sales by segment:
 
Three Months Ended
 
March 31, 2015
 
March 31, 2014
 
(In millions)
Canada
$
313.5

 
$
347.1

Europe
357.9

 
437.6

MCI
29.1

 
32.2

Corporate
0.4

 
0.3

Eliminations(1)
(0.9
)
 
(1.2
)
         Consolidated
$
700.0

 
$
816.0


(1)
Represents inter-segment sales from the Europe segment to the MCI segment.
Income (loss) from continuing operations before income taxes by segment
The following table presents income (loss) from continuing operations before income taxes by segment:
 
Three Months Ended
 
March 31, 2015
 
March 31, 2014
 
(In millions)
Canada(1)
$
30.9

 
$
88.3

U.S. 
129.3

 
122.8

Europe(2)
(4.1
)
 
27.0

MCI
(5.4
)
 
(3.0
)
Corporate
(57.2
)
 
(65.5
)
         Consolidated
$
93.5

 
$
169.6


(1)
Results for the three months ended March 31, 2014, include $63.2 million of income related to the termination of our Modelo Molson Imports, L.P. ("MMI") joint venture in Canada. See Note 4, "Investments" for further discussion.
(2)
Results for the three months ended March 31, 2015, include $11.8 million of accelerated depreciation expense related to our decision to close one of our U.K. brewing facilities in the second quarter of 2015. See Note 6, "Special Items" for further discussion. Additionally, results for the three months ended March 31, 2014, include a gain of $13.0 million related to the release of an indirect-tax reserve, inclusive of accrued interest. See Note 15, "Commitments and Contingencies" for further discussion.
Total assets by segment
The following table presents total assets by segment:
 
As of
 
March 31, 2015
 
December 31, 2014
 
(In millions)
Canada
$
5,025.2


$
5,537.2

U.S. 
2,499.1


2,388.6

Europe
5,028.7


5,773.3

MCI
68.9


75.2

Corporate
329.8


222.0

         Consolidated
$
12,951.7


$
13,996.3