Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

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

Schedule of 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, 2021	$	(558.7)	$	(131.0)	$	(275.1)	$	(41.2)	$	(1,006.0)
Foreign currency translation adjustments	(30.3)		—		—		—		(30.3)
Reclassification of cumulative translation adjustment to income (loss)(1)	12.1		—		—		—		12.1
Gain (loss) on net investment hedges	24.2		—		—		—		24.2
Unrealized gain (loss) on derivative instruments	—		78.8		—		—		78.8
Reclassification of derivative (gain) loss to income (loss)	—		1.0		—		—		1.0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income (loss)	—		—		(1.2)		—		(1.2)
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	—		—		—		0.3		0.3
Tax benefit (expense)	(3.7)		(25.0)		0.3		(0.1)		(28.5)
As of March 31, 2022	$	(556.4)	$	(76.2)	$	(276.0)	$	(41.0)	$	(949.6)

(1)As a result of the sale of our non-operating India entity, the associated cumulative foreign currency translation adjustment was reclassified from AOCI. The impact of the cumulative foreign currency translation adjustment was recorded in special items, net, as a component of the loss on sale when the entity was classified as held for sale during the fourth quarter of 2021.