Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

	MCBC stockholders' equity
	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, 2019	$	(652.5)	$	(87.8)	$	(351.0)	$	(70.9)	$	(1,162.2)
Foreign currency translation adjustments	(56.6)		—		—		—		(56.6)
Gain (loss) on net investment hedges	(54.5)		—		—		—		(54.5)
Unrealized gain (loss) on derivative instruments	—		(151.5)		—		—		(151.5)
Reclassification of derivative (gain) loss to income	—		(1.2)		—		—		(1.2)
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	—		—		(6.2)		—		(6.2)
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	—		—		—		3.0		3.0
Tax benefit (expense)	7.4		37.7		1.5		(0.8)		45.8
As of September 30, 2020	$	(756.2)	$	(202.8)	$	(355.7)	$	(68.7)	$	(1,383.4)

Reclassifications from AOCI to net income (loss) were immaterial for the three and nine months ended September 30, 2020 and September 30, 2019.