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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
Cost of goods sold, gross profit, net income (loss) from continuing operations, net income (loss) attributable to MCBC and the related basic and diluted per share amounts have been revised to reflect the retrospective application of our change in accounting policy related to net periodic pension cost as discussed in Note 1, "Basis of Presentation and Summary of Significant Accounting Policies".
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016(1)
 
(In millions, except per share data)
Sales
$
2,913.8

 
$
950.8

 
$
3,793.1

 
$
1,407.0

 
$
3,552.9

 
$
1,337.7

 
$
3,211.7

 
$
2,901.9

Excise taxes
(465.1
)
 
(293.6
)
 
(701.8
)
 
(420.8
)
 
(669.7
)
 
(390.1
)
 
(632.1
)
 
(607.9
)
Net sales
2,448.7

 
657.2

 
3,091.3

 
986.2

 
2,883.2

 
947.6

 
2,579.6

 
2,294.0

Cost of goods sold
(1,367.7
)
 
(410.1
)
 
(1,750.7
)
 
(558.1
)
 
(1,584.1
)
 
(537.4
)
 
(1,514.7
)
 
(1,481.9
)
Gross profit
$
1,081.0

 
$
247.1

 
$
1,340.6

 
$
428.1

 
$
1,299.1

 
$
410.2

 
$
1,064.9

 
$
812.1

Amounts attributable to Molson Coors Brewing Company:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
209.1

 
$
168.6

 
$
328.3

 
$
179.7

 
$
287.2

 
$
207.7

 
$
588.1

 
$
1,439.8

Income (loss) from discontinued operations, net of tax
(0.6
)
 
(0.5
)
 
1.6

 
(1.8
)
 
(0.2
)
 
—

 
0.7

 
(0.5
)
Net income (loss) attributable to Molson Coors Brewing Company
$
208.5

 
$
168.1

 
$
329.9

 
$
177.9

 
$
287.0

 
$
207.7

 
$
588.8

 
$
1,439.3

Basic net income (loss) attributable to Molson Coors Brewing Company per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
$
0.97

 
$
0.83

 
$
1.52

 
$
0.84

 
$
1.33

 
$
0.97

 
$
2.73

 
$
6.70

From discontinued operations
—

 
—

 
0.01

 
(0.01
)
 
—

 
—

 
—

 
—

Basic net income (loss) attributable to Molson Coors Brewing Company per share
$
0.97

 
$
0.83

 
$
1.53

 
$
0.83

 
$
1.33

 
$
0.97

 
$
2.73

 
$
6.70

Diluted net income (loss) attributable to Molson Coors Brewing Company per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
$
0.97

 
$
0.82

 
$
1.52

 
$
0.83

 
$
1.33

 
$
0.96

 
$
2.72

 
$
6.65

From discontinued operations
(0.01
)
 
—

 
—

 
(0.01
)
 
—

 
—

 
—

 
—

Diluted net income (loss) attributable to Molson Coors Brewing Company per share
$
0.96

 
$
0.82

 
$
1.52

 
$
0.82

 
$
1.33

 
$
0.96

 
$
2.72

 
$
6.65

(1)
Prior to October 11, 2016, MCBC's 42% share of MillerCoors' results of operations was reported as equity income in MillerCoors in the consolidated statements of operations. As a result of the Acquisition, beginning October 11, 2016, MillerCoors' results of operations were consolidated into MCBC's consolidated financial statements.
The sum of the quarterly net income per share amounts may not agree to the full-year net income per share amounts. We calculate net income per share based on the weighted-average number of outstanding shares during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full-year result that does not agree to the sum of the individual quarters.
Net Periodic Pension Cost Revised Accounting Policy
The following tables present the impacts to our quarterly information resulting from the retrospective application of our change in accounting policy as discussed in Note 1, "Basis of Presentation and Summary of Significant Accounting Policies".
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
Under Prior Method
 
As Adjusted
 
(In millions)
Consolidated Statements of Operations:
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
$
(1,372.9
)
 
$
(1,367.7
)
 
$
(1,756.1
)
 
$
(1,750.7
)
 
$
(1,589.6
)
 
$
(1,584.1
)
 
$
(1,520.3
)
 
$
(1,514.7
)
Marketing, general and administrative expenses
$
(702.8
)
 
$
(699.5
)
 
$
(781.2
)
 
$
(777.8
)
 
$
(782.8
)
 
$
(779.2
)
 
$
(779.4
)
 
$
(775.9
)
Special items, net
$
(3.8
)
 
$
(3.8
)
 
$
(16.5
)
 
$
(16.5
)
 
$
(4.1
)
 
$
(4.1
)
 
$
(3.7
)
 
$
(3.7
)
Income tax benefit (expense)
$
(64.6
)
 
$
(65.9
)
 
$
(123.0
)
 
$
(125.2
)
 
$
(145.3
)
 
$
(147.4
)
 
$
392.4

 
$
391.7

Net income (loss) from continuing operations attributable to MCBC
$
201.9

 
$
209.1

 
$
321.7

 
$
328.3

 
$
280.2

 
$
287.2

 
$
579.7

 
$
588.1

Net income (loss) attributable to MCBC
$
201.3

 
$
208.5

 
$
323.3

 
$
329.9

 
$
280.0

 
$
287.0

 
$
580.4

 
$
588.8

Basic net income (loss) from continuing operations attributable to MCBC per share
$
0.94

 
$
0.97

 
$
1.49

 
$
1.52

 
$
1.30

 
$
1.33

 
$
2.69

 
$
2.73

Basic net income (loss) attributable to MCBC per share
$
0.94

 
$
0.97

 
$
1.50

 
$
1.53

 
$
1.30

 
$
1.33

 
$
2.69

 
$
2.73

Diluted net income (loss) from continuing operations attributable to MCBC per share
$
0.93

 
$
0.97

 
$
1.49

 
$
1.52

 
$
1.29

 
$
1.33

 
$
2.68

 
$
2.72

Diluted net income (loss) attributable to MCBC per share
$
0.93

 
$
0.96

 
$
1.49

 
$
1.52

 
$
1.29

 
$
1.33

 
$
2.68

 
$
2.72


 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
Under Prior Method
 
As Adjusted
 
(In millions)
Consolidated Statements of Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net of tax
$
81.6

 
$
81.6

 
$
310.5

 
$
310.9

 
$
214.9

 
$
215.2

 
$
79.7

 
$
79.0

Pension and other postretirement benefit adjustments, net of tax
$
—


$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
161.2

 
$
145.7

Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income, net of tax
$
1.6

 
$
(1.0
)
 
$
6.7

 
$
4.7

 
$
6.7

 
$
4.6

 
$
2.3

 
$
(4.7
)

 
As of
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
Under Prior Method
 
As Adjusted
 
(In millions)
Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
Other assets
$
426.1

 
$
430.4

 
$
453.6

 
$
462.6

 
$
508.4

 
$
522.3

 
$
681.5

 
$
681.5

Pension and postretirement benefits
$
1,157.9

 
$
1,157.6

 
$
1,124.8

 
$
1,124.2

 
$
895.5

 
$
894.6

 
$
848.5

 
$
848.5

Retained earnings
$
6,232.0

 
$
6,265.5

 
$
6,467.0

 
$
6,507.1

 
$
6,658.7

 
$
6,705.8

 
$
7,150.6

 
$
7,206.1

Accumulated other comprehensive income (loss)
$
(1,470.2
)
 
$
(1,499.1
)
 
$
(1,222.3
)
 
$
(1,252.8
)
 
$
(1,038.6
)
 
$
(1,070.9
)
 
$
(804.5
)
 
$
(860.0
)
 
Three Months Ended
 
Six Months Ended
 
Nine Months Ended
 
Twelve Months Ended
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
Under Prior Method
 
As Adjusted
 
(In millions)
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
 
 
 
Net income (loss) including noncontrolling interests
$
207.8

 
$
215.0

 
$
536.2

 
$
550.0

 
$
822.3

 
$
843.1

 
$
1,407.2

 
$
1,436.4

Income tax (benefit) expense
$
64.6

 
$
65.9

 
$
187.6

 
$
191.1

 
$
332.9

 
$
338.5

 
$
(59.5
)
 
$
(53.2
)
Pension expense (benefit)
$
(7.8
)
 
$
(16.3
)
 
$
(14.1
)
 
$
(31.4
)
 
$
(20.5
)
 
$
(46.9
)
 
$
(32.3
)
 
$
(67.8
)
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
(In millions)
Consolidated Statements of Operations:
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
$
(414.0
)
 
$
(410.1
)
 
$
(562.2
)
 
$
(558.1
)
 
$
(541.3
)
 
$
(537.4
)
 
$
(1,485.6
)
 
$
(1,481.9
)
Marketing, general and administrative expenses
$
(250.9
)
 
$
(249.0
)
 
$
(313.6
)
 
$
(311.6
)
 
$
(278.9
)
 
$
(277.1
)
 
$
(753.9
)
 
$
(752.1
)
Special items, net
$
108.6

 
$
108.6

 
$
(34.5
)
 
$
(34.5
)
 
$
4.9

 
$
4.9

 
$
2,444.9

 
$
2,443.4

Income tax benefit (expense)
$
(16.7
)
 
$
(17.1
)
 
$
(21.2
)
 
$
(21.7
)
 
$
(19.6
)
 
$
(20.1
)
 
$
(993.2
)
 
$
(996.3
)
Net income (loss) from continuing operations attributable to MCBC
$
163.2

 
$
168.6

 
$
174.1

 
$
179.7

 
$
202.5

 
$
207.7

 
$
1,438.9

 
$
1,439.8

Net income (loss) attributable to MCBC
$
162.7

 
$
168.1

 
$
172.3

 
$
177.9

 
$
202.5

 
$
207.7

 
$
1,438.4

 
$
1,439.3

Basic net income (loss) from continuing operations attributable to MCBC per share
$
0.80

 
$
0.83

 
$
0.81

 
$
0.84

 
$
0.94

 
$
0.97

 
$
6.70

 
$
6.70

Basic net income (loss) attributable to MCBC per share
$
0.80

 
$
0.83

 
$
0.80

 
$
0.83

 
$
0.94

 
$
0.97

 
$
6.70

 
$
6.70

Diluted net income (loss) from continuing operations attributable to MCBC per share
$
0.80

 
$
0.82

 
$
0.81

 
$
0.83

 
$
0.94

 
$
0.96

 
$
6.65

 
$
6.65

Diluted net income (loss) attributable to MCBC per share
$
0.80

 
$
0.82

 
$
0.80

 
$
0.82

 
$
0.94

 
$
0.96

 
$
6.65

 
$
6.65

 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
(In millions)
Consolidated Statements of Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
$
266.9

 
$
266.9

 
$
(153.2
)
 
$
(153.5
)
 
$
(57.8
)
 
$
(57.8
)
 
$
(290.3
)
 
$
(290.0
)
Pension and other postretirement benefit adjustments
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
62.3

 
$
53.8

Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income
$
7.0

 
$
4.3

 
$
7.0

 
$
4.3

 
$
6.9

 
$
4.2

 
$
10.5

 
$
10.0

 
As of
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
(In millions)
Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
Other assets
$
264.1

 
$
266.2

 
$
282.8

 
$
286.8

 
$
272.8

 
$
278.7

 
$
382.5

 
$
382.5

Pension and postretirement benefits
$
208.9

 
$
208.3

 
$
209.1

 
$
207.8

 
$
206.1

 
$
204.2

 
$
1,196.0

 
$
1,196.0

Retained earnings
$
4,570.4

 
$
4,585.0

 
$
4,654.5

 
$
4,674.7

 
$
4,768.9

 
$
4,794.3

 
$
6,119.0

 
$
6,145.3

Accumulated other comprehensive income (loss)
$
(1,437.9
)
 
$
(1,449.8
)
 
$
(1,573.9
)
 
$
(1,588.8
)
 
$
(1,633.3
)
 
$
(1,650.9
)
 
$
(1,545.5
)
 
$
(1,571.8
)
 
Three Months Ended
 
Six Months Ended
 
Nine Months Ended
 
Twelve Months Ended
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
As Reported
 
As Adjusted
 
(In millions)
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
 
 
 
Net income (loss) including noncontrolling interests
$
163.5

 
$
168.9

 
$
337.4

 
$
348.4

 
$
541.2

 
$
557.4

 
$
1,981.8

 
$
1,998.9

Income tax (benefit) expense
$
16.7

 
$
17.1

 
$
37.9

 
$
38.8

 
$
57.5

 
$
58.9

 
$
1,050.7

 
$
1,055.2

Pension expense (benefit)
$
2.0

 
$
(3.8
)
 
$
4.0

 
$
(7.9
)
 
$
6.4

 
$
(11.2
)
 
$
10.0

 
$
(11.6
)