Accumulated Other Comprehensive Income (Loss) ("AOCI") Accumulated Other Comprehensive Income (Loss) ("AOCI")

6 Months Ended

Jun. 30, 2017

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss) (AOCI)

Accumulated Other Comprehensive Income (Loss) ("AOCI")

	MCBC shareholders
	Foreign currency translation adjustments			Gain (loss) on derivative instruments			Pension and postretirement benefit adjustments			Equity method investments			Accumulated other comprehensive income (loss)
	(In millions)
As of December 31, 2016	$	(994.1	)	$	21.2		$	(502.7	)	$	(69.9	)	$	(1,545.5	)
Foreign currency translation adjustments	367.8			—			—			—			367.8
Unrealized gain (loss) on derivative and non-derivative financial instruments	—			(121.2		)	—			—			(121.2		)
Reclassification of derivative (gain) loss to income	—			(0.7		)	—			—			(0.7		)
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	—			—			10.2			—			10.2
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	—			—			—			2.8			2.8
Tax benefit (expense)	22.7			44.3			(1.9		)	(0.8		)	64.3
As of June 30, 2017	$	(603.6	)	$	(56.4	)	$	(494.4	)	$	(67.9	)	$	(1,222.3	)

Reclassifications from AOCI to income:

	Three Months Ended						Six Months Ended
	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
	Reclassifications from AOCI												Location of gain (loss) recognized in income
	(In millions)
Gain/(loss) on cash flow hedges:
Forward starting interest rate swaps	$	(0.9	)	$	(1.0	)	$	(1.9	)	$	(1.9	)	Interest expense, net
Foreign currency forwards	(1.2		)	(2.1		)	(2.1		)	(4.0		)	Other income (expense), net
Foreign currency forwards	2.8			3.9			4.7			9.3			Cost of goods sold
Total income (loss) reclassified, before tax	0.7			0.8			0.7			3.4
Income tax benefit (expense)	(0.3		)	(0.1		)	(0.3		)	(0.3		)
Net income (loss) reclassified, net of tax	$	0.4		$	0.7		$	0.4		$	3.1
Amortization of defined benefit pension and other postretirement benefit plan items:
Prior service benefit (cost)	$	(0.1	)	$	(0.1	)	$	(0.3	)	$	(0.3	)	(1)
Curtailment and net actuarial gain (loss)	(7.8		)	(7.9		)	(9.9		)	(15.6		)	(1)
Total income (loss) reclassified, before tax	(7.9		)	(8.0		)	(10.2		)	(15.9		)
Income tax benefit (expense)	1.2			1.0			1.9			1.9
Net income (loss) reclassified, net of tax	$	(6.7	)	$	(7.0	)	$	(8.3	)	$	(14.0	)
Total income (loss) reclassified, net of tax	$	(6.3	)	$	(6.3	)	$	(7.9	)	$	(10.9	)

(1) These components of AOCI are included in the computation of net periodic pension and other postretirement benefit cost. See Note 15, "Pension and Other Postretirement Benefits" for additional details.