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Segment Reporting (Tables)
9 Months Ended
Sep. 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 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.
Schedule of Cash Flows Information by Segment
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