Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Net sales by 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:

	For the three months ended June 30, 2025
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	2,504.8	$	703.9	$	—	$	(7.9)	$	3,200.8
Cost of goods sold	(1,468.4)		(465.4)		7.0		7.9		(1,918.9)
Marketing and sales expenses	(308.7)		(75.2)		—		—		(383.9)
General and administrative expenses	(217.7)		(91.5)		—		—		(309.2)
Equity income (loss)	4.0		—		—		—		4.0
Interest expense	(0.6)		(1.1)		(59.9)		—		(61.6)
Interest income	—		0.1		3.0		—		3.1
Other segment items(1)	24.8		(6.0)		1.8		—		20.6
Income (loss) before income taxes	$	538.2	$	64.8	$	(48.1)	$	—	$	554.9
Income tax benefit (expense)									(130.6)
Net income (loss)									424.3
Net (income) loss attributable to noncontrolling interests									4.4
Net income (loss) attributable to MCBC									$	428.7

	For the three months ended June 30, 2024
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	2,575.9	$	683.3	$	—	$	(6.9)	$	3,252.3
Cost of goods sold	(1,525.7)		(431.9)		28.3		6.9		(1,922.4)
Marketing and sales expenses	(326.8)		(75.2)		—		—		(402.0)
General and administrative expenses	(233.9)		(92.6)		—		—		(326.5)
Equity income (loss)	(1.9)		—		—		—		(1.9)
Interest expense	(0.5)		(1.3)		(56.0)		—		(57.8)
Interest income	—		0.5		6.1		—		6.6
Other segment items(1)	—		(1.6)		13.2		—		11.6
Income (loss) before income taxes	$	487.1	$	81.2	$	(8.4)	$	—	$	559.9
Income tax benefit (expense)									(134.6)
Net income (loss)									425.3
Net (income) loss attributable to noncontrolling interests									1.7
Net income (loss) attributable to MCBC									$	427.0

	For the six months ended June 30, 2025
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	4,386.6	$	1,131.2	$	—	$	(12.9)	$	5,504.9
Cost of goods sold	(2,638.3)		(772.4)		25.7		12.9		(3,372.1)
Marketing and sales expenses	(546.4)		(123.6)		—		—		(670.0)
General and administrative expenses	(494.3)		(182.0)		—		—		(676.3)
Equity income (loss)	8.5		—		—		—		8.5
Interest expense	(1.3)		(2.1)		(119.5)		—		(122.9)
Interest income	—		0.2		7.6		—		7.8
Other segment items(1)	32.7		(5.7)		4.3		—		31.3
Income (loss) before income taxes	$	747.5	$	45.6	$	(81.9)	$	—	$	711.2
Income tax benefit (expense)									(163.8)
Net income (loss)									547.4
Net (income) loss attributable to noncontrolling interests									2.3
Net income (loss) attributable to MCBC									$	549.7

	For the six months ended June 30, 2024
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	4,721.3	$	1,138.0	$	—	$	(10.6)	$	5,848.7
Cost of goods sold	(2,841.2)		(753.5)		28.8		10.6		(3,555.3)
Marketing and sales expenses	(576.5)		(126.7)		—		—		(703.2)
General and administrative expenses	(490.9)		(189.0)		—		—		(679.9)
Equity income (loss)	(2.8)		—		—		—		(2.8)
Interest expense	(0.8)		(2.4)		(110.0)		—		(113.2)
Interest income	0.1		0.9		12.6		—		13.6
Other segment items(1)	(1.5)		2.9		16.0		—		17.4
Income (loss) before income taxes	$	807.7	$	70.2	$	(52.6)	$	—	$	825.3
Income tax benefit (expense)									(190.1)
Net income (loss)									635.2
Net (income) loss attributable to noncontrolling interests									(0.4)
Net income (loss) attributable to MCBC									$	634.8

(1)Other segment items include other operating income (expense), net, other pension and postretirement benefit (cost), net and other non-operating income (expense), net.

Schedule of Cash Flows Information by Segment

The following table presents total assets by segment as of June 30, 2025 and December 31, 2024:

	Total Assets
	As of
	June 30, 2025		December 31, 2024
	(In millions)
Americas	$	22,990.6	$	22,706.8
EMEA&APAC	3,836.1		3,357.5
Consolidated	$	26,826.7	$	26,064.3

The following table presents total property, plant and equipment, net depreciation and intangible asset, net amortization as well as total capital expenditures by segment for the three and six months ended June 30, 2025 and June 30, 2024:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Depreciation and amortization	(In millions)
Americas	$	125.0	$	126.3	$	263.9	$	254.0
EMEA&APAC	45.1		41.4		86.5		82.7
Consolidated	$	170.1	$	167.7	$	350.4	$	336.7
Capital expenditures
Americas	$	115.8	$	145.0	$	291.1	$	299.0
EMEA&APAC	47.5		32.5		109.5		93.2
Consolidated	$	163.3	$	177.5	$	400.6	$	392.2