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Supplemental Guarantor Information Supplemental (Tables)
 3 Months Ended
Mar. 31, 2016
Statement of Operations [Member]  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2016
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Sales
$
6.6

 
$
761.4

 
$
216.0

 
$
(33.2
)
 
$
950.8

Excise taxes
—

 
(245.7
)
 
(47.9
)
 
—

 
(293.6
)
Net sales
6.6

 
515.7

 
168.1

 
(33.2
)
 
657.2

Cost of goods sold
—

 
(319.6
)
 
(114.2
)
 
19.8

 
(414.0
)
Gross profit
6.6

 
196.1

 
53.9

 
(13.4
)
 
243.2

Marketing, general and administrative expenses
(47.0
)
 
(143.4
)
 
(73.9
)
 
13.4

 
(250.9
)
Special items, net
—

 
108.8

 
(0.2
)
 
—

 
108.6

Equity income (loss) in subsidiaries
215.8

 
(105.5
)
 
141.4

 
(251.7
)
 
—

Equity income in MillerCoors
—

 
142.4

 
—

 
—

 
142.4

Operating income (loss)
175.4

 
198.4

 
121.2

 
(251.7
)
 
243.3

Interest income (expense), net
(39.9
)
 
56.2

 
(63.6
)
 
—

 
(47.3
)
Other income (expense), net
(18.3
)
 
3.4

 
(0.4
)
 
—

 
(15.3
)
Income (loss) from continuing operations before income taxes
117.2

 
258.0

 
57.2

 
(251.7
)
 
180.7

Income tax benefit (expense)
41.6

 
(87.8
)
 
25.6

 
—

 
(20.6
)
Net income (loss) from continuing operations
158.8

 
170.2

 
82.8

 
(251.7
)
 
160.1

Income (loss) from discontinued operations, net of tax
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Net income (loss) including noncontrolling interests
158.8

 
170.2

 
82.3

 
(251.7
)
 
159.6

Net (income) loss attributable to noncontrolling interests
—

 
—

 
(0.8
)
 
—

 
(0.8
)
Net income (loss) attributable to MCBC
$
158.8

 
$
170.2

 
$
81.5

 
$
(251.7
)
 
$
158.8

Comprehensive income (loss) attributable to MCBC
$
415.8

 
$
403.9

 
$
104.3

 
$
(508.2
)
 
$
415.8


MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2015
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Sales
$
4.9

 
$
823.8

 
$
207.6

 
$
(33.1
)
 
$
1,003.2

Excise taxes
—

 
(256.9
)
 
(46.3
)
 
—

 
(303.2
)
Net sales
4.9

 
566.9

 
161.3

 
(33.1
)
 
700.0

Cost of goods sold
—

 
(361.3
)
 
(116.1
)
 
22.6

 
(454.8
)
Gross profit
4.9

 
205.6

 
45.2

 
(10.5
)
 
245.2

Marketing, general and administrative expenses
(28.1
)
 
(153.0
)
 
(70.0
)
 
10.5

 
(240.6
)
Special items, net
—

 
(10.6
)
 
2.0

 
—

 
(8.6
)
Equity income (loss) in subsidiaries
104.2

 
(92.4
)
 
23.6

 
(35.4
)
 
—

Equity income in MillerCoors
—

 
129.3

 
—

 
—

 
129.3

Operating income (loss)
81.0

 
78.9

 
0.8

 
(35.4
)
 
125.3

Interest income (expense), net
(17.2
)
 
58.9

 
(70.9
)
 
—

 
(29.2
)
Other income (expense), net
(1.3
)
 
(2.3
)
 
1.0

 
—

 
(2.6
)
Income (loss) from continuing operations before income taxes
62.5

 
135.5

 
(69.1
)
 
(35.4
)
 
93.5

Income tax benefit (expense)
18.6

 
(30.9
)
 
(0.5
)
 
—

 
(12.8
)
Net income (loss) from continuing operations
81.1

 
104.6

 
(69.6
)
 
(35.4
)
 
80.7

Income (loss) from discontinued operations, net of tax
—

 
—

 
1.9

 
—

 
1.9

Net income (loss) including noncontrolling interests
81.1

 
104.6

 
(67.7
)
 
(35.4
)
 
82.6

Net (income) loss attributable to noncontrolling interests
—

 
—

 
(1.5
)
 
—

 
(1.5
)
Net income (loss) attributable to MCBC
$
81.1

 
$
104.6

 
$
(69.2
)
 
$
(35.4
)
 
$
81.1

Comprehensive income (loss) attributable to MCBC
$
(556.3
)
 
$
(505.4
)
 
$
(293.8
)
 
$
799.2

 
$
(556.3
)

 
 
 
 
 
 
 
 
 
 
Balance Sheet [Member]  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF MARCH 31, 2016
(IN MILLIONS)
(UNAUDITED)
 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,416.5

 
$
65.7

 
$
120.7

 
$
—

 
$
2,602.9

Accounts receivable, net
0.2

 
318.8

 
137.5

 
—

 
456.5

Other receivables, net
88.0

 
190.9

 
37.5

 
—

 
316.4

Total inventories
—

 
183.7

 
46.7

 
—

 
230.4

Other current assets, net
44.0

 
68.1

 
44.5

 
—

 
156.6

Intercompany accounts receivable
—

 
452.5

 
304.5

 
(757.0
)
 
—

Total current assets
2,548.7

 
1,279.7

 
691.4

 
(757.0
)
 
3,762.8

Properties, net
21.9

 
949.6

 
617.2

 
—

 
1,588.7

Goodwill
—

 
986.5

 
1,042.4

 
—

 
2,028.9

Other intangibles, net
—

 
3,492.0

 
1,492.9

 
—

 
4,984.9

Investment in MillerCoors
—

 
2,580.9

 
—

 
—

 
2,580.9

Net investment in and advances to subsidiaries
9,323.8

 
3,660.3

 
5,788.0

 
(18,772.1
)
 
—

Deferred tax assets
39.9

 
2.5

 
0.1

 
(19.4
)
 
23.1

Other assets, net
13.2

 
187.8

 
40.0

 
—

 
241.0

Total assets
$
11,947.5

 
$
13,139.3

 
$
9,672.0

 
$
(19,548.5
)
 
$
15,210.3

Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and other current liabilities
$
81.3

 
$
738.8

 
$
333.8

 
$
—

 
$
1,153.9

Current portion of long-term debt and short-term borrowings
—

 
—

 
63.5

 
—

 
63.5

Discontinued operations
—

 
—

 
4.5

 
—

 
4.5

Intercompany accounts payable
53.1

 
360.3

 
343.6

 
(757.0
)
 
—

Total current liabilities
134.4

 
1,099.1

 
745.4

 
(757.0
)
 
1,221.9

Long-term debt
1,901.7

 
1,071.7

 
—

 
—

 
2,973.4

Pension and postretirement benefits
3.4

 
199.2

 
6.3

 
—

 
208.9

Deferred tax liabilities
—

 
227.5

 
588.0

 
(19.4
)
 
796.1

Other liabilities
10.3

 
38.2

 
30.8

 
—

 
79.3

Discontinued operations
—

 
—

 
11.4

 
—

 
11.4

Intercompany notes payable
—

 
818.7

 
5,090.8

 
(5,909.5
)
 
—

Total liabilities
2,049.8

 
3,454.4

 
6,472.7

 
(6,685.9
)
 
5,291.0

MCBC stockholders' equity
9,898.8

 
14,774.7

 
3,997.4

 
(18,772.1
)
 
9,898.8

Intercompany notes receivable
(1.1
)
 
(5,089.8
)
 
(818.6
)
 
5,909.5

 
—

Total stockholders' equity
9,897.7

 
9,684.9

 
3,178.8

 
(12,862.6
)
 
9,898.8

Noncontrolling interests
—

 
—

 
20.5

 
—

 
20.5

Total equity
9,897.7

 
9,684.9

 
3,199.3

 
(12,862.6
)
 
9,919.3

Total liabilities and equity
$
11,947.5

 
$
13,139.3

 
$
9,672.0

 
$
(19,548.5
)
 
$
15,210.3


MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2015
(IN MILLIONS)
(UNAUDITED)
 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
146.4

 
$
171.3

 
$
113.2

 
$
—

 
$
430.9

Accounts receivable, net
—

 
297.8

 
126.9

 
—

 
424.7

Other receivables, net
8.7

 
61.0

 
31.5

 
—

 
101.2

Total inventories
—

 
145.1

 
34.2

 
—

 
179.3

Other current assets, net
45.6

 
43.5

 
33.6

 
—

 
122.7

Intercompany accounts receivable
—

 
3,980.6

 
288.1

 
(4,268.7
)
 
—

Total current assets
200.7

 
4,699.3

 
627.5

 
(4,268.7
)
 
1,258.8

Properties, net
20.4

 
975.7

 
594.7

 
—

 
1,590.8

Goodwill
—

 
991.7

 
991.6

 
—

 
1,983.3

Other intangibles, net
—

 
3,316.9

 
1,428.8

 
—

 
4,745.7

Investment in MillerCoors
—

 
2,441.0

 
—

 
—

 
2,441.0

Net investment in and advances to subsidiaries
12,394.3

 
3,926.1

 
5,421.2

 
(21,741.6
)
 
—

Deferred tax assets
37.7

 
—

 
0.1

 
(17.6
)
 
20.2

Other assets, net
14.0

 
181.2

 
41.3

 
—

 
236.5

Total assets
$
12,667.1

 
$
16,531.9

 
$
9,105.2

 
$
(26,027.9
)
 
$
12,276.3

Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and other current liabilities
$
72.7

 
$
790.6

 
$
321.1

 
$
—

 
$
1,184.4

Current portion of long-term debt and short-term borrowings
—

 
—

 
28.7

 
—

 
28.7

Discontinued operations
—

 
—

 
4.1

 
—

 
4.1

Intercompany accounts payable
3,652.6

 
344.4

 
271.7

 
(4,268.7
)
 
—

Total current liabilities
3,725.3

 
1,135.0

 
625.6

 
(4,268.7
)
 
1,217.2

Long-term debt
1,902.1

 
1,006.6

 
—

 
—

 
2,908.7

Pension and postretirement benefits
3.3

 
192.8

 
5.8

 
—

 
201.9

Deferred tax liabilities
—

 
220.7

 
596.7

 
(17.6
)
 
799.8

Other liabilities
6.5

 
37.8

 
31.0

 
—

 
75.3

Discontinued operations
—

 
—

 
10.3

 
—

 
10.3

Intercompany notes payable
—

 
840.6

 
4,764.0

 
(5,604.6
)
 
—

Total liabilities
5,637.2

 
3,433.5

 
6,033.4

 
(9,890.9
)
 
5,213.2

MCBC stockholders' equity
7,031.0

 
17,861.4

 
3,892.2

 
(21,741.6
)
 
7,043.0

Intercompany notes receivable
(1.1
)
 
(4,763.0
)
 
(840.5
)
 
5,604.6

 
—

Total stockholders' equity
7,029.9

 
13,098.4

 
3,051.7

 
(16,137.0
)
 
7,043.0

Noncontrolling interests
—

 
—

 
20.1

 
—

 
20.1

Total equity
7,029.9

 
13,098.4

 
3,071.8

 
(16,137.0
)
 
7,063.1

Total liabilities and equity
$
12,667.1

 
$
16,531.9

 
$
9,105.2

 
$
(26,027.9
)
 
$
12,276.3
Statement of Cash Flows [Member]  
Schedule of Supplemental Guarantor Information
MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2016
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(162.2
)
 
$
103.9

 
$
(35.1
)
 
$
—

 
$
(93.4
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Additions to properties
(7.2
)
 
(47.2
)
 
(16.7
)
 
—

 
(71.1
)
Proceeds from sales of properties and other assets
—

 
1.4

 
1.0

 
—

 
2.4

Investment in MillerCoors
—

 
(413.7
)
 
—

 
—

 
(413.7
)
Return of capital from MillerCoors
—

 
283.4

 
—

 
—

 
283.4

Other
—

 
0.7

 
(7.2
)
 
—

 
(6.5
)
Net intercompany investing activity
—

 
(37.5
)
 
—

 
37.5

 
—

Net cash provided by (used in) investing activities
(7.2
)
 
(212.9
)
 
(22.9
)
 
37.5

 
(205.5
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Proceeds from issuance of common stock, net
2,526.4

 
—

 
—

 
—

 
2,526.4

Exercise of stock options under equity compensation plans
4.2

 
—

 
—

 
—

 
4.2

Excess tax benefits from share-based compensation
3.9

 
—

 
—

 
—

 
3.9

Dividends paid
(80.5
)
 
—

 
(7.8
)
 
—

 
(88.3
)
Debt issuance costs
(14.2
)
 
—

 
—

 
—

 
(14.2
)
Payments on debt and borrowings
—

 
—

 
(10.3
)
 
—

 
(10.3
)
Proceeds on debt and borrowings
—

 
—

 
20.9

 
—

 
20.9

Net proceeds from (payments on) revolving credit facilities and commercial paper
—

 
—

 
2.5

 
—

 
2.5

Change in overdraft balances and other
(0.3
)
 
—

 
18.8

 
—

 
18.5

Net intercompany financing activity
—

 
—

 
37.5

 
(37.5
)
 
—

Net cash provided by (used in) financing activities
2,439.5

 
—

 
61.6

 
(37.5
)
 
2,463.6

CASH AND CASH EQUIVALENTS:
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
2,270.1

 
(109.0
)
 
3.6

 
—

 
2,164.7

Effect of foreign exchange rate changes on cash and cash equivalents
—

 
3.4

 
3.9

 
—

 
7.3

Balance at beginning of year
146.4

 
171.3

 
113.2

 
—

 
430.9

Balance at end of period
$
2,416.5

 
$
65.7

 
$
120.7

 
$
—

 
$
2,602.9


MOLSON COORS BREWING COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2015
(IN MILLIONS)
(UNAUDITED)

 
Parent
Guarantor and
2012 Issuer
 
Subsidiary
Guarantors
 
Subsidiary
Non
Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(77.7
)
 
$
(87.0
)
 
$
(37.9
)
 
$
—

 
$
(202.6
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Additions to properties
(3.8
)
 
(48.9
)
 
(21.0
)
 
—

 
(73.7
)
Proceeds from sales of properties and other assets
—

 
1.5

 
1.5

 
—

 
3.0

Acquisition of businesses, net of cash acquired
—

 
(6.3
)
 
—

 
—

 
(6.3
)
Investment in MillerCoors
—

 
(417.9
)
 
—

 
—

 
(417.9
)
Return of capital from MillerCoors
—

 
310.4

 
—

 
—

 
310.4

Other
—

 
(1.0
)
 
(7.7
)
 
—

 
(8.7
)
Net intercompany investing activity
—

 
(90.2
)
 
(59.1
)
 
149.3

 
—

Net cash provided by (used in) investing activities
(3.8
)
 
(252.4
)
 
(86.3
)
 
149.3

 
(193.2
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Exercise of stock options under equity compensation plans
24.8

 
—

 
—

 
—

 
24.8

Excess tax benefits from share-based compensation
6.1

 
—

 
—

 
—

 
6.1

Dividends paid
(67.9
)
 
—

 
(8.3
)
 
—

 
(76.2
)
Payments on long-term debt
—

 
—

 
(7.1
)
 
—

 
(7.1
)
Proceeds from short-term borrowings
—

 
—

 
16.6

 
—

 
16.6

Net proceeds from (payments on) revolving credit facilities and commercial paper
127.8

 
—

 
30.0

 
—

 
157.8

Change in overdraft balances and other
(0.1
)
 
(0.2
)
 
1.6

 
—

 
1.3

Net intercompany financing activity
—

 
59.1

 
90.2

 
(149.3
)
 
—

Net cash provided by (used in) financing activities
90.7

 
58.9

 
123.0

 
(149.3
)
 
123.3

CASH AND CASH EQUIVALENTS:
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
9.2

 
(280.5
)
 
(1.2
)
 
—

 
(272.5
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
(21.4
)
 
(13.1
)
 
—

 
(34.5
)
Balance at beginning of year
40.9

 
470.7

 
113.0

 
—

 
624.6

Balance at end of period
$
50.1

 
$
168.8

 
$
98.7

 
$
—

 
317.6