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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Our reporting segments are based on the key geographic regions in which we operate and include the Americas and EMEA&APAC segments. Our Americas segment operates in the U.S., Canada and various countries in Latin America and our EMEA&APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries and certain countries within the Middle East, Africa and Asia Pacific. We also have certain activity that is not allocated to our segments, which has been reflected as Unallocated below.
The Company’s CODM who reviews our two reporting segments is the President and Chief Executive Officer. The primary measure of profitability is income (loss) before income taxes. The CODM assesses income (loss) before income taxes to compare current results to budgeted and prior year results at the segment level to assess segment performance. This metric is also used to evaluate the income (loss) generated from segment assets and deciding whether to reinvest in the segment, reallocate resources to another segment, or for other purposes such as dividends or share repurchases.
Reporting Segments
Americas
The Americas segment consists of our production, marketing and sales of our owned brands and partner brands in the U.S., Canada and various countries in Latin America. We have contract brewing agreements to brew, package, market, distribute and/or sell certain products in the Americas as well as joint venture arrangements in Canada to distribute and sell beer in Ontario and the western provinces of Canada.
EMEA&APAC
The EMEA&APAC segment consists of our production, marketing and sales of our owned brands and partner brands in the U.K., Central Europe and various other European countries, along with certain countries within the Middle East, Africa and Asia Pacific. The EMEA&APAC segment includes the sale of factored brands in the U.K. which occurs when we distribute beer, wine, spirits and other products owned and produced by other companies to the on-premise channel such as bars and restaurants.
Unallocated
We also have certain activity that is not allocated to our segments, which has been reflected as Unallocated below. Specifically, Unallocated primarily includes certain financing-related activities such as interest expense and interest income, foreign exchange gains and losses on intercompany balances as well as realized and unrealized changes in fair value on derivative instruments not designated in hedging relationships related to financing and other treasury-related activities. Unallocated activity also includes the unrealized changes in fair value on our commodity swaps not designated in hedging relationships recorded within cost of goods sold, which are later reclassified when realized to the segment in which the underlying exposure resides. Additionally, only the service cost component of net periodic pension and OPEB cost is reported within each operating segment and all other components remain in Unallocated.
Summarized Financial Information
No single customer accounted for more than 10% of our consolidated net sales for the years ended December 31, 2024, 2023 or 2022.
Consolidated net sales represent sales to third-party external customers less excise taxes. Inter-segment transactions impacting net sales and income (loss) before income taxes eliminate upon consolidation and are primarily related to the Americas segment royalties received from and sales to the EMEA&APAC segment.
The following tables present net sales and other activity by segment to arrive at income (loss) before income taxes as well as a reconciliation of amounts shown as income (loss) before income taxes to net income (loss) attributable to MCBC.
Year ended December 31, 2024
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$9,240.2 $2,411.1 $— $(24.3)$11,627.0 
Cost of goods sold(5,561.8)(1,588.9)32.8 24.3 (7,093.6)
Marketing and sales expenses(1,103.8)(252.7)— — (1,356.5)
General and administrative expenses(985.8)(375.2)— — (1,361.0)
Other operating income (expense), net(71.3)5.9 — — (65.4)
Equity income (loss)2.7 — — — 2.7 
Interest expense(1.7)(50.9)(230.1)— (282.7)
Interest income0.3 0.4 34.7 — 35.4 
Other segment items(1)
4.5 (4.4)(3.0)— (2.9)
Income (loss) before income taxes$1,523.3 $145.3 $(165.6)$— $1,503.0 
Income tax benefit (expense)  (345.3)
Net income (loss)  1,157.7 
Net (income) loss attributable to noncontrolling interests  (35.3)
Net income (loss) attributable to MCBC  $1,122.4 
 Year ended December 31, 2023
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$9,425.2 $2,296.1 $— $(19.2)$11,702.1 
Cost of goods sold(5,684.0)(1,575.0)(93.5)19.2 (7,333.3)
Marketing and sales expenses(1,136.6)(236.8)— — (1,373.4)
General and administrative expenses(1,049.7)(356.8)— — (1,406.5)
Other operating income (expense), net1.9 (164.6)— (162.7)
Equity income (loss)12.0 — — — 12.0 
Interest expense(1.4)(4.6)(228.0)— (234.0)
Interest income0.7 0.7 24.0 — 25.4 
Other segment items(1)
(1.4)(0.1)24.4 — 22.9 
Income (loss) before income taxes$1,566.7 $(41.1)$(273.1)$— $1,252.5 
Income tax benefit (expense)  (296.1)
Net income (loss)  956.4 
Net (income) loss attributable to noncontrolling interests  (7.5)
Net income (loss) attributable to MCBC  $948.9 
 Year ended December 31, 2022
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$8,711.5 $2,005.2 $— $(15.7)$10,701.0 
Cost of goods sold(5,445.2)(1,386.4)(229.9)15.7 (7,045.8)
Marketing and sales expenses(1,044.8)(224.9)— — (1,269.7)
General and administrative expenses(1,034.3)(314.8)— — (1,349.1)
Goodwill impairment(845.0)— — — (845.0)
Other operating income (expense), net(26.5)(12.1)— — (38.6)
Equity income (loss)4.7 — — — 4.7 
Interest expense(1.5)(5.1)(244.0)— (250.6)
Interest income0.2 0.2 3.9 — 4.3 
Other segment items(1)
(6.2)(1.1)33.6 — 26.3 
Income (loss) before income taxes$312.9 $61.0 $(436.4)$— $(62.5)
Income tax benefit (expense)  (124.0)
Net income (loss)  (186.5)
Net (income) loss attributable to noncontrolling interests  11.2 
Net income (loss) attributable to MCBC  $(175.3)
(1)Other segment items include other pension and postretirement benefit (cost), net and other non-operating income (expense), net.
The following table presents total assets and select cash flow information by segment.
AssetsDepreciation and amortizationCapital expenditures
 As of December 31,For the years ended December 31,For the years ended December 31,
 20242023202420232022202420232022
 (In millions)
Americas$22,706.8 $22,753.8 $592.9 $514.4 $526.9 $487.9 $525.8 $483.5 
EMEA&APAC3,357.5 3,621.3 166.5 168.4 157.9 186.2 145.7 177.9 
Consolidated$26,064.3 $26,375.1 $759.4 $682.8 $684.8 $674.1 $671.5 $661.4 
The following table presents net sales by geography based on the location of the customer.
 For the years ended
 December 31, 2024December 31, 2023December 31, 2022
 (In millions)
Net sales to unaffiliated customers   
United States and its territories$7,823.0 $8,059.6 $7,405.6 
Canada1,278.3 1,224.0 1,165.3 
United Kingdom1,372.7 1,313.7 1,166.3 
Other countries(1)
1,153.0 1,104.8 963.8 
Consolidated net sales$11,627.0 $11,702.1 $10,701.0 
(1)Reflects net sales within certain countries in Europe, Latin America, the Middle East, Africa and Asia. No individual country within the other countries line has total net sales exceeding 10% of total consolidated net sales.
The following table presents property, plant and equipment, net and operating ROU assets by geographic location. See Note 8, "Leases" for further information on our operating ROU assets and Note 5, "Property, Plant and Equipment" for further information on our property, plant and equipment, net.
 As of
 December 31, 2024December 31, 2023
 (In millions)
Property, plant and equipment, net and operating ROU assets
  
United States and its territories$2,850.2 $2,720.2 
Canada874.9 1,002.9 
United Kingdom450.8 414.1 
Other countries(1)
473.5 508.0 
Consolidated property, plant and equipment, net and operating ROU assets
$4,649.4 $4,645.2 
(1)Reflects property, plant and equipment, net and operating ROU assets within certain countries in Europe, Latin America, Africa and Asia. No individual country within the other countries line has total property, plant and equipment, net or operating ROU assets exceeding 10% of total consolidated property, plant and equipment, net or operating ROU assets, respectively.