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Segment Reporting
 9 Months Ended
Sep. 30, 2025
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. Specifically, Unallocated primarily includes certain financing-related activities such as interest expense and interest income as well as foreign exchange gains and losses on intercompany balances. 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 meanwhile all other components remain in Unallocated.
Summarized Financial Information
No single customer accounted for more than 10% of our consolidated net sales for the three and nine months ended September 30, 2025 and September 30, 2024.
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:
For the three months ended September 30, 2025
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$2,260.0 $721.0 $— $(7.5)$2,973.5 
Cost of goods sold(1,350.6)(468.2)11.3 7.5 (1,800.0)
Marketing and sales expenses(291.0)(75.5)— — (366.5)
General and administrative expenses(231.3)(88.9)— — (320.2)
Goodwill impairment(3,645.7)— — — (3,645.7)
Other operating income (expense), net(75.6)(199.6)— — (275.2)
Equity income (loss)3.0 — — — 3.0 
Interest expense(0.6)(0.8)(61.3)— (62.7)
Interest income— — 6.7 — 6.7 
Other segment items(1)
(13.6)1.6 3.6 — (8.4)
Income (loss) before income taxes$(3,345.4)$(110.4)$(39.7)$— $(3,495.5)
Income tax benefit (expense)  558.6 
Net income (loss)  (2,936.9)
Net (income) loss attributable to noncontrolling interests  9.3 
Net income (loss) attributable to MCBC  $(2,927.6)
For the three months ended September 30, 2024
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$2,345.0 $704.4 $— $(6.7)$3,042.7 
Cost of goods sold(1,403.1)(441.9)(1.9)6.7 (1,840.2)
Marketing and sales expenses(282.4)(70.8)— — (353.2)
General and administrative expenses(239.3)(92.2)— — (331.5)
Other operating income (expense), net(65.3)(0.5)— — (65.8)
Equity income (loss)(0.8)— — — (0.8)
Interest expense(0.4)(46.7)(59.3)— (106.4)
Interest income0.1 (0.6)13.8 — 13.3 
Other segment items(1)
— (0.1)(26.6)— (26.7)
Income (loss) before income taxes$353.8 $51.6 $(74.0)$— $331.4 
Income tax benefit (expense)  (102.6)
Net income (loss)  228.8 
Net (income) loss attributable to noncontrolling interests  (29.0)
Net income (loss) attributable to MCBC  $199.8 
For the nine months ended September 30, 2025
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$6,646.6 $1,852.2 $— $(20.4)$8,478.4 
Cost of goods sold(3,988.9)(1,240.6)37.0 20.4 (5,172.1)
Marketing and sales expenses(837.4)(199.1)— — (1,036.5)
General and administrative expenses(725.6)(270.9)— — (996.5)
Goodwill impairment(3,645.7)— — — (3,645.7)
Other operating income (expense), net(93.1)(207.2)— — (300.3)
Equity income (loss)11.5 — — — 11.5 
Interest expense(1.9)(2.9)(180.8)— (185.6)
Interest income— 0.2 14.3 — 14.5 
Other segment items(1)
36.6 3.5 7.9 — 48.0 
Income (loss) before income taxes$(2,597.9)$(64.8)$(121.6)$— $(2,784.3)
Income tax benefit (expense)  394.8 
Net income (loss)  (2,389.5)
Net (income) loss attributable to noncontrolling interests  11.6 
Net income (loss) attributable to MCBC  $(2,377.9)
For the nine months ended September 30, 2024
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$7,066.3 $1,842.4 $— $(17.3)$8,891.4 
Cost of goods sold(4,244.3)(1,195.4)26.9 17.3 (5,395.5)
Marketing and sales expenses(858.9)(197.5)— — (1,056.4)
General and administrative expenses(730.2)(281.2)— — (1,011.4)
Other operating income (expense), net(65.3)5.9 — — (59.4)
Equity income (loss)(3.6)— — — (3.6)
Interest expense(1.2)(49.1)(169.3)— (219.6)
Interest income0.2 0.3 26.4 — 26.9 
Other segment items(1)
(1.5)(3.6)(10.6)— (15.7)
Income (loss) before income taxes$1,161.5 $121.8 $(126.6)$— $1,156.7 
Income tax benefit (expense)  (292.7)
Net income (loss)  864.0 
Net (income) loss attributable to noncontrolling interests  (29.4)
Net income (loss) attributable to MCBC  $834.6 
(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 by segment as of September 30, 2025 and December 31, 2024:
Total Assets
As of
September 30, 2025December 31, 2024
(In millions)
Americas$19,279.6 $22,706.8 
EMEA&APAC3,593.8 3,357.5 
Consolidated$22,873.4 $26,064.3 
The following table presents total property, plant and equipment depreciation and intangible asset amortization as well as total capital expenditures by segment for the three and nine months ended September 30, 2025 and September 30, 2024:
Three Months EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Depreciation and amortization
(In millions)
Americas $131.1 $133.1 $395.0 $387.1 
EMEA&APAC48.7 42.3 135.2 125.0 
Consolidated$179.8 $175.4 $530.2 $512.1 
Capital expenditures
Americas$85.6 $117.6 $376.7 $416.6 
EMEA&APAC47.5 53.2 157.0 146.4 
Consolidated$133.1 $170.8 $533.7 $563.0