Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Segments

Our reporting segments include: MillerCoors LLC ("MillerCoors" or U.S. segment), operating in the United States ("U.S."); Molson Coors Canada ("MCC" or Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom ("U.K.") and various other European countries; and Molson Coors International ("MCI" or International segment), operating in various other countries.

New Accounting Pronouncements Not Yet Adopted

In March 2016, the Financial Accounting Standards Board ("FASB") issued authoritative guidance intended to simplify and improve several aspects of the accounting for share-based payment transactions. We early adopted this guidance in the third quarter of 2016. The adoption of this guidance impacted our previously reported unaudited condensed consolidated financial statements as follows:

	Six Months Ended June 30, 2016
	As Reported			As Adjusted
	(In millions, except per share data)
Unaudited Condensed Consolidated Statement of Operations:
Income tax benefit (expense)	$	(41.8	)	$	(37.9	)
Net income (loss) attributable to Molson Coors Brewing Company	$	331.1		$	335.0
Basic earnings per share	$	1.58		$	1.60
Diluted earnings per share	$	1.58		$	1.59
Diluted weighted-average shares outstanding	210.2			210.5

	Six Months Ended June 30, 2016
	As Reported		As Adjusted
	(In millions)
Unaudited Condensed Consolidated Statement of Cash Flows:
Net cash provided by (used in) operating activities	$	264.4	$	282.4
Net cash provided by (used in) financing activities	$	2,356.6	$	2,338.6

	June 30, 2016
	As Reported		As Adjusted
	(In millions)
Unaudited Condensed Consolidated Balance Sheet:
Paid-in capital	$	6,556.6	$	6,552.7
Retained earnings	$	4,650.6	$	4,654.5