Other Operating Income (Expense), net (Tables)

12 Months Ended

Dec. 31, 2023

Unusual or Infrequent Items, or Both [Abstract]

Special items recorded by segment

	For the years ended
	December 31, 2023		December 31, 2022		December 31, 2021
	(In millions)
Restructuring
Employee-related charges	$	(4.1)	$	(6.0)	$	(11.7)
Asset abandonment and other restructuring costs(1)	—		(3.1)		(25.9)
Intangible and tangible asset impairments, excluding goodwill(2)	(160.8)		(36.3)		(13.5)
Gains and (losses) on disposals and other(3)	2.2		6.8		6.6
Other operating income (expense), net	$	(162.7)	$	(38.6)	$	(44.5)

(1)A significant portion of asset abandonment and other restructuring costs consists of accelerated depreciation, which is in excess of normal depreciation. There was no accelerated depreciation recorded to other operating income (expense), net for the years ended December 31, 2023 and December 31, 2022 and $15.4 million recorded to other operating income (expense), net for the year ended December 31, 2021.

During the year ended December 31, 2021, we incurred accelerated depreciation related to the Montreal brewery closure and our Burtonwood and Japan locations.

(2)During the year ended December 31, 2023, we recognized a partial impairment charge of $160.7 million to our indefinite-lived intangible asset related to the Staropramen family of brands within our EMEA&APAC segment. The indefinite-lived intangible asset was measured at fair value primarily using a market approach with Level 3 inputs.

During the year ended December 31, 2022, we identified a triggering event related to the former Truss joint venture asset group within our Americas segment and recognized an impairment loss of $28.6 million, of which $12.1 million was attributable to the noncontrolling interest. The asset group was measured at fair value primarily using a market approach with Level 3 inputs.

During the year ended December 31, 2021, we recognized an impairment loss of $13.5 million related to the held for sale classification of the remaining portion of our India business.

(3)During the third quarter of 2023, we sold our controlling interest in Truss and recognized a loss of $11.1 million. See Note 3, "Investments" for further details.

The former Alton brewery site in the U.K. was divided into tranches with one tranche selling in the third quarter of 2021, resulting in a gain of $11.4 million and another tranche selling in the third quarter of 2022 resulting in a gain of $4.9 million.