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Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of components of share-based compensation expense
 For the years ended
 December 31, 2020December 31, 2019December 31, 2018
 (In millions)
Pretax share-based compensation expense(1)
$24.2 $8.5 $42.6 
Tax benefit(4.3)(1.6)(6.9)
After-tax share-based compensation expense$19.9 $6.9 $35.7 
(1)    The decrease in share-based compensation expense in 2019 was primarily driven by the reversal of cumulative compensation expense previously recognized for our 2018 and 2017 PSU awards as the achievement of the performance conditions are no longer deemed probable for the respective performance periods, as well as the impacts of the reversal of expense associated with forfeitures related to the revitalization plan initiated in 2019. Additionally, our share-based compensation expense in 2018 also includes expense associated with replacement awards issued in connection with the Acquisition.
Schedule of non-vested RSUs, PSUs and DSUs outstanding and the activity for the period
 RSUs and DSUsPSUs
 UnitsWeighted-average
grant date fair value per unit		UnitsWeighted-average grant date fair value per unit
 (In millions, except per unit amounts)
Non-vested as of December 31, 20191.0$68.180.6$70.37
Granted0.5$48.810.3$52.60
Vested(0.3)$84.81—$—
Forfeited(0.2)$64.12(0.2)$66.22
Non-vested as of December 31, 20201.0$56.210.7$58.12
Schedule of stock options outstanding and the activity for the period
 Stock options
 AwardsWeighted-
average
exercise price per unit		Weighted-
average
remaining
contractual
life (years)		Aggregate
intrinsic
value
(In millions, except per share amounts and years)
Outstanding as of December 31, 20191.6$68.773.8$3.1 
Granted0.4$51.48  
Exercised(0.1)$43.13  
Forfeited(0.1)$60.01  
Outstanding as of December 31, 20201.8$66.324.5$0.2 
Expected to vest as of December 31, 20200.6$54.898.8$— 
Exercisable as of December 31, 20201.2$71.702.5$0.2 
Schedule of share-based compensation weighted average assumptions
The fair value of each option granted in 2020, 2019 and 2018 was determined on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 For the years ended
 December 31, 2020December 31, 2019December 31, 2018
Risk-free interest rate0.91%2.46%2.65%
Dividend yield4.40%4.16%2.08%
Volatility range
25.09% - 26.31%
24.46% - 24.60%
22.36% - 24.14%
Weighted-average volatility25.40%24.48%22.81%
Expected term (years)5.55.35.3
Weighted-average fair value$6.70$9.20$15.44
Schedule of Share-based payment Award, Performance Share Units, Valuation Assumptions
The fair value of the market metric for each PSU granted in 2020, 2019 and 2018 was determined on the date of grant using a Monte Carlo model to simulate total stockholder return for MCBC and peer companies with the following weighted-average assumptions:
For the years ended
December 31, 2020December 31, 2019December 31, 2018
Risk-free interest rate0.84%2.49%2.34%
Dividend yieldN/A4.17%2.08%
Volatility range
15.21% - 45.75%
13.82% - 42.46%
13.03% - 81.87%
Weighted-average volatility26.02%24.97%22.76%
Expected term (years)2.82.82.8
Weighted-average fair market value$52.60$53.31$78.30