Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

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 March 31, 2026
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	1,900.5	$	456.1	$	—	$	(5.5)	$	2,351.1
Cost of goods sold	(1,207.2)		(341.4)		89.2		5.5		(1,453.9)
Marketing and sales expenses	(229.0)		(49.9)		—		—		(278.9)
General and administrative expenses	(234.7)		(96.4)		—		—		(331.1)

Other operating income (expense), net	(13.1)		(19.0)		—		—		(32.1)
Equity income (loss)	3.2		—		—		—		3.2
Interest expense	(0.5)		(0.7)		(59.0)		—		(60.2)
Interest income	—		0.1		2.5		—		2.6
Other segment items(1)	(11.8)		(0.5)		6.3		—		(6.0)
Income (loss) before income taxes	$	207.4	$	(51.7)	$	39.0	$	—	$	194.7
Income tax benefit (expense)									(44.6)
Net income (loss)									150.1
Net (income) loss attributable to noncontrolling interests									1.2
Net income (loss) attributable to MCBC									$	151.3


	For the three months ended March 31, 2025
	Americas		EMEA&APAC		Unallocated		Inter-segment net sales eliminations		Consolidated
	(In millions)
Net sales	$	1,881.8	$	427.3	$	—	$	(5.0)	$	2,304.1
Cost of goods sold	(1,169.9)		(307.0)		18.7		5.0		(1,453.2)
Marketing and sales expenses	(237.7)		(48.4)		—		—		(286.1)
General and administrative expenses	(276.6)		(90.5)		—		—		(367.1)
Other operating income (expense), net	(15.9)		—		—		—		(15.9)

Equity income (loss)	4.5		—		—		—		4.5
Interest expense	(0.7)		(1.0)		(59.6)		—		(61.3)
Interest income	—		0.1		4.6		—		4.7
Other segment items(1)	23.8		0.3		2.5		—		26.6
Income (loss) before income taxes	$	209.3	$	(19.2)	$	(33.8)	$	—	$	156.3
Income tax benefit (expense)									(33.2)
Net income (loss)									123.1
Net (income) loss attributable to noncontrolling interests									(2.1)
Net income (loss) attributable to MCBC									$	121.0

(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 March 31, 2026 and December 31, 2025:

Schedule of Cash Flows Information by Segment


	As of
	March 31, 2026		December 31, 2025
	(In millions)
Americas	$	19,028.8	$	19,237.9
EMEA&APAC	3,339.1		3,500.5
Consolidated	$	22,367.9	$	22,738.4

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 months ended March 31, 2026 and March 31, 2025:


	Three Months Ended
	March 31, 2026		March 31, 2025
Depreciation and amortization	(In millions)
Americas	$	134.5	$	138.9
EMEA&APAC	51.2		41.4
Consolidated	$	185.7	$	180.3
Capital expenditures
Americas	$	184.9	$	175.3
EMEA&APAC	46.8		62.0
Consolidated	$	231.7	$	237.3