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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales $ 3,378.4 $ 3,498.0 $ 8,946.0 $ 9,918.1
Excise taxes (624.9) (656.4) (1,586.3) (1,824.9)
Net sales 2,753.5 2,841.6 7,359.7 8,093.2
Cost of goods sold (1,551.0) (1,685.4) (4,486.6) (4,858.2)
Gross profit 1,202.5 1,156.2 2,873.1 3,235.0
Marketing, general and administrative expenses (634.5) (690.2) (1,788.7) (2,115.1)
Special items, net (59.7) (703.3) (210.6) (666.4)
Operating income (loss) 508.3 (237.3) 873.8 453.5
Interest income (expense), net (67.9) (65.6) (206.5) (204.5)
Other pension and postretirement benefits (costs), net 7.6 8.0 22.7 25.0
Other income (expense), net 2.4 (13.7) 3.4 (0.7)
Income (loss) before income taxes 450.4 (308.6) 693.4 273.3
Income tax benefit (expense) (104.0) (90.7) (265.2) (193.3)
Net income (loss) 346.4 (399.3) 428.2 80.0
Net (income) loss attributable to noncontrolling interests (3.6) (3.5) (7.4) (2.0)
Net income (loss) attributable to MCBC $ 342.8 $ (402.8) $ 420.8 $ 78.0
Net income (loss) attributable to Molson Coors Beverage Company per share:        
Net income (loss) per share, basic (in dollars per share) $ 1.58 $ (1.86) $ 1.94 $ 0.36
Diluted net income (loss) attributable to Molson Coors Beverage Company per share:        
Net income (loss) per share, diluted (in dollars per share) $ 1.58 $ (1.86) $ 1.94 $ 0.36
Weighted average shares outstanding, basic        
Weighted average shares - basic (in shares) 216.9 216.6 216.8 216.6
Weighted average shares outstanding, diluted        
Dilutive effect of share-based awards (in shares) 0.1 0.0 0.2 0.3
Weighted average shares - diluted (in shares) 217.0 216.6 217.0 216.9
Share-based payment arrangement        
Weighted average shares outstanding, diluted        
Antidilutive securities excluded from the computation of diluted EPS (in shares) 2.3 1.6 2.3 1.3