XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests $ 82.6us-gaap_ProfitLoss $ 162.9us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77.5us-gaap_DepreciationAndAmortization 81.2us-gaap_DepreciationAndAmortization
Amortization of debt issuance costs and discounts 1.4us-gaap_AmortizationOfFinancingCostsAndDiscounts 1.6us-gaap_AmortizationOfFinancingCostsAndDiscounts
Share-based compensation 3.2us-gaap_ShareBasedCompensation 8.3us-gaap_ShareBasedCompensation
Loss (gain) sale or impairment of properties and intangibles (0.7)tap_LossGainOnSaleOrImpairmentOfPropertiesAndIntangibles 1.2tap_LossGainOnSaleOrImpairmentOfPropertiesAndIntangibles
Deferred income taxes (3.8)us-gaap_DeferredIncomeTaxesAndTaxCredits 0.5us-gaap_DeferredIncomeTaxesAndTaxCredits
Equity income in MillerCoors (129.3)tap_EquityIncomeLossInEquityMethodInvestment (122.8)tap_EquityIncomeLossInEquityMethodInvestment
Distributions from MillerCoors 129.3tap_DistributionsFromEquityMethodInvestment 122.8tap_DistributionsFromEquityMethodInvestment
Equity in net income of other unconsolidated affiliates (1.4)us-gaap_IncomeLossFromEquityMethodInvestments (4.2)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions from other unconsolidated affiliates 0us-gaap_EquityMethodInvestmentDividendsOrDistributions 11.1us-gaap_EquityMethodInvestmentDividendsOrDistributions
Excess tax benefits from share-based compensation (6.1)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (2.0)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net 1.4tap_UnrealizedGainLossOnForeignCurrencyFluctuationsAndDerivativeInstruments (1.8)tap_UnrealizedGainLossOnForeignCurrencyFluctuationsAndDerivativeInstruments
Change in current assets and liabilities and other (354.8)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (111.0)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
(Gain) loss from discontinued operations (1.9)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 1.9us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided by operating activities (202.6)us-gaap_NetCashProvidedByUsedInOperatingActivities 149.7us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Additions to properties (73.7)us-gaap_PaymentsToAcquireProductiveAssets (65.3)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sales of properties and other assets 3.0us-gaap_ProceedsFromSaleOfProductiveAssets 1.7us-gaap_ProceedsFromSaleOfProductiveAssets
Acquisition of businesses, net of cash acquired (6.3)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Investment in MillerCoors (417.9)tap_PaymentsToInvestInEquityMethodInvestment (354.9)tap_PaymentsToInvestInEquityMethodInvestment
Return of capital from MillerCoors 310.4tap_ReturnOfCapitalFromEquityMethodInvestment 259.5tap_ReturnOfCapitalFromEquityMethodInvestment
Loan repayments 9.2us-gaap_ProceedsFromCollectionOfLoansReceivable 2.2us-gaap_ProceedsFromCollectionOfLoansReceivable
Loan advances (17.9)us-gaap_PaymentsToAcquireLoansReceivable (16.7)us-gaap_PaymentsToAcquireLoansReceivable
Net cash used in investing activities (193.2)us-gaap_NetCashProvidedByUsedInInvestingActivities (173.5)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Exercise of stock options under equity compensation plans 24.8us-gaap_ProceedsFromStockPlans 20.2us-gaap_ProceedsFromStockPlans
Excess tax benefits from share-based compensation 6.1us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 2.0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (76.2)us-gaap_PaymentsOfDividends (68.2)us-gaap_PaymentsOfDividends
Payments on long-term debt and capital lease obligations (0.3)us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities (46.9)us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
Proceeds from short-term borrowings 16.6us-gaap_ProceedsFromShortTermDebt 20.9us-gaap_ProceedsFromShortTermDebt
Payments on short-term borrowings (7.1)us-gaap_RepaymentsOfShortTermDebt (12.5)us-gaap_RepaymentsOfShortTermDebt
Payments on settlement of derivative instruments 0tap_PaymentsOnSettlementOfDerivativeInstruments (65.2)tap_PaymentsOnSettlementOfDerivativeInstruments
Net proceeds from (payments on) revolving credit facilities and commercial paper 157.8tap_ProceedsFromRepaymentsOfRevolvingCreditFacilities (41.8)tap_ProceedsFromRepaymentsOfRevolvingCreditFacilities
Change in overdraft balances and other 1.6us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 111.3us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities 123.3us-gaap_NetCashProvidedByUsedInFinancingActivities (80.2)us-gaap_NetCashProvidedByUsedInFinancingActivities
Cash and cash equivalents:    
Net increase (decrease) in cash and cash equivalents (272.5)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect (104.0)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
Effect of foreign exchange rate changes on cash and cash equivalents (34.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (0.7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Balance at beginning of year 624.6us-gaap_CashAndCashEquivalentsAtCarryingValue 442.3us-gaap_CashAndCashEquivalentsAtCarryingValue
Balance at end of period $ 317.6us-gaap_CashAndCashEquivalentsAtCarryingValue $ 337.6us-gaap_CashAndCashEquivalentsAtCarryingValue