Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

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, 2022	$	(875.2)	$	32.2	$	(335.1)	$	(27.4)	$	(1,205.5)
Foreign currency translation adjustments	(35.6)		—		—		—		(35.6)
Reclassification of cumulative translation adjustment (1)	(0.7)		—		—		—		(0.7)
Gain (loss) on net investment hedges	10.7		—		—		—		10.7
Unrealized gain (loss) on derivative instruments	—		52.2		—		—		52.2
Reclassification of derivative (gain) loss to income (loss)	—		1.3		—		—		1.3
Reclassification of pension and other postretirement prior service (benefit) cost and net actuarial (gain) loss amortization and settlements to income (loss)	—		—		(11.3)		—		(11.3)
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	—		—		—		2.7		2.7
Tax benefit (expense)	(0.3)		(14.0)		2.8		(0.9)		(12.4)
As of September 30, 2023	$	(901.1)	$	71.7	$	(343.6)	$	(25.6)	$	(1,198.6)

(1)As a result of the sale of our interest in Truss, the associated cumulative foreign currency translation adjustment was reclassified from AOCI. The impact of the cumulative foreign currency translation adjustment was recorded in other operating income (expense), net, as a component of the loss on sale when the entity was disposed during the third quarter of 2023.