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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Net sales by segment
The following tables present net sales, income (loss) before income taxes and total assets by segment:
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
 
(In millions)
U.S.
$
1,935.8

 
$
1,892.2

 
$
5,656.1

 
$
5,781.0

Canada
388.9

 
406.4

 
1,070.1

 
1,105.1

Europe
577.9

 
561.2

 
1,538.3

 
1,467.5

International
67.0

 
65.7

 
192.4

 
192.6

Corporate
0.2

 
0.3

 
0.7

 
0.9

Inter-segment net sales eliminations
(35.6
)
 
(42.6
)
 
(106.7
)
 
(123.9
)
Consolidated net sales
$
2,934.2

 
$
2,883.2

 
$
8,350.9

 
$
8,423.2
Income (loss) from continuing operations before income taxes by segment
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017(1)
 
September 30, 2018
 
September 30, 2017(1)
 
(In millions)
U.S.
$
374.2

 
$
367.1

 
$
1,081.4

 
$
1,170.2

Canada(2)
77.5

 
77.2

 
147.9

 
167.8

Europe(3)
96.0

 
94.9

 
152.9

 
191.8

International
(1.0
)
 
(6.0
)
 
4.0

 
(12.2
)
Corporate(4)
(136.6
)
 
(92.7
)
 
(95.7
)
 
(336.0
)
Consolidated income (loss) before income taxes
$
410.1

 
$
440.5

 
$
1,290.5

 
$
1,181.6


(1)
Segment results for the three and nine months ended September 30, 2017, have been adjusted to reflect the adoption of the new accounting pronouncement for pension and other postretirement benefit costs as well as the reclassification of all non-service cost components of pension and other postretirement costs to Corporate. See Note 2, "New Accounting Pronouncements" for further details.
(2)
During the first quarter of 2017, we received payment and recorded a gain of CAD 10.6 million, or $8.1 million, resulting from a purchase price adjustment related to the historical sale of Molson Inc.’s ownership interest in the Montreal Canadiens, which is considered an affiliate of MCBC.
(3)
During the three months ended March 31, 2017, we recorded a provision for an estimate of uncollectible receivables of approximately $11 million related to Agrokor, a large customer in Croatia. We have subsequently reduced this exposure and as of September 30, 2018, our estimated provision of uncollectible receivables from Agrokor totals approximately $4 million. The settlement plan related to this matter was approved in October 2018, and will not have a significant impact on our financial statements. Separately, during the first quarter of 2017, we released an indirect tax loss contingency, which was initially recorded in the fourth quarter of 2016, for a benefit of approximately $50 million. See Note 14, "Commitments and Contingencies" for details.
(4)
During the three months ended March 31, 2018, we recorded a gain of $328.0 million related to the Adjustment Amount as defined and further discussed in Note 6, "Special Items". Additionally, related to the unrealized mark-to-market valuation on our commodity hedge positions, we recorded unrealized losses of $23.2 million and $62.8 million during the three and nine months ended September 30, 2018, respectively, compared to unrealized gains of $45.3 million and $85.0 million during the three and nine months ended September 30, 2017, respectively.
Total assets by segment
 
As of
 
September 30, 2018
 
December 31, 2017
 
(In millions)
U.S.
$
19,304.5

 
$
19,353.6

Canada
4,851.1


4,835.7

Europe
5,612.3


5,522.0

International
277.9


294.8

Corporate
424.5


240.8

Consolidated total assets
$
30,470.3


$
30,246.9