XML 85 R75.htm IDEA: XBRL DOCUMENT v2.3.0.15
Supplemental Guarantor Information Income statement (Details) (USD $)
In Millions
3 Months Ended9 Months Ended
Sep. 24, 2011
Sep. 25, 2010
Sep. 24, 2011
Sep. 25, 2010
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales$ 1,393.9$ 1,260.1$ 3,774.3$ 3,489.7
Excise taxes(439.5)(385.1)(1,195.9)(1,070.4)
Net sales954.4875.02,578.42,419.3
Cost of goods sold(550.5)(457.4)(1,501.6)(1,336.6)
Gross profit403.9417.61,076.81,082.7
Marketing, general and administrative expenses(248.2)(248.9)(759.1)(747.6)
Special items, net(0.1)(3.1)(11.1)(21.5)
Equity income in MillerCoors99.4135.3372.4389.9
Operating income (loss)255.0300.9679.0703.5
Interest income (expense), net(27.3)(23.9)(81.8)(73.7)
Other income (expense), net(2.3)41.6(4.8)54.4
Income (loss) from continuing operations before income taxes225.4318.6592.4684.2
Income tax benefit (expense)(31.1)(60.7)(90.4)(124.6)
Net Income (loss) from continuing operations194.3257.9502.0559.6
Income (loss) from discontinued operations, net of tax2.7(0.9)1.541.1
Net income (loss) including noncontrolling interests197.0257.0503.5600.7
Less: Net (income) loss attributable to noncontrolling interests0.4(0.9)(0.4)(2.8)
Net income (loss) attributable to MCBC197.4256.1503.1597.9
Parent Guarantor and 2007 Issuer [Member]
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales6.77.920.516.6
Net sales6.77.920.516.6
Gross profit6.77.920.516.6
Marketing, general and administrative expenses(24.5)(27.2)(89.0)(88.7)
Special items, net(0.1)(0.3)(0.6)(1.0)
Equity income (loss) in subsidiaries230.8231.8639.9606.7
Operating income (loss)212.9212.2570.8533.6
Interest income (expense), net(8.4)(8.3)(25.2)(25.0)
Other income (expense), net(0.4)42.50.962.5
Income (loss) from continuing operations before income taxes204.1246.4546.5571.1
Income tax benefit (expense)(6.7)9.7(43.4)26.8
Net Income (loss) from continuing operations197.4256.1503.1597.9
Net income (loss) including noncontrolling interests197.4256.1503.1597.9
Net income (loss) attributable to MCBC197.4256.1503.1597.9
2002 Issuer [Member]
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales57.656.2158.2154.0
Net sales57.656.2158.2154.0
Cost of goods sold(8.4)(10.7)(32.2)(35.4)
Gross profit49.245.5126.0118.6
Marketing, general and administrative expenses(11.1)(8.0)(30.6)(25.7)
Equity income (loss) in subsidiaries111.5104.8196.8239.5
Equity income in MillerCoors0135.30389.9
Operating income (loss)149.6277.6292.2722.3
Interest income (expense), net11.512.135.236.6
Other income (expense), net4.9(0.8)1.7(2.4)
Income (loss) from continuing operations before income taxes166.0288.9329.1756.5
Income tax benefit (expense)(16.2)(57.7)(38.0)(151.5)
Net Income (loss) from continuing operations149.8231.2291.1605.0
Net income (loss) including noncontrolling interests149.8231.2291.1605.0
Net income (loss) attributable to MCBC149.8231.2291.1605.0
2005 Issuers and 2010 Issuer [Member]
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Equity income (loss) in subsidiaries45.137.93.580.3
Operating income (loss)45.137.93.580.3
Interest income (expense), net4.3(21.9)6.7(58.4)
Other income (expense), net  (0.1)(0.1)
Income (loss) from continuing operations before income taxes49.416.010.121.8
Income tax benefit (expense)5.521.112.856.8
Net Income (loss) from continuing operations54.937.122.978.6
Net income (loss) including noncontrolling interests54.937.122.978.6
Net income (loss) attributable to MCBC54.937.122.978.6
Subsidiary Guarantors
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales783.3708.92,030.01,909.7
Excise taxes(192.0)(176.3)(493.5)(457.9)
Net sales591.3532.61,536.51,451.8
Cost of goods sold(315.1)(248.8)(831.7)(732.4)
Gross profit276.2283.8704.8719.4
Marketing, general and administrative expenses(126.7)(124.9)(367.8)(364.9)
Special items, net(0.4)(14.4)(10.7)(17.4)
Equity income (loss) in subsidiaries(115.6)(117.0)(348.0)(296.8)
Equity income in MillerCoors99.4 372.4 
Operating income (loss)132.927.5350.740.3
Interest income (expense), net68.5132.6205.5290.3
Other income (expense), net(7.9)0.2(7.6)0.8
Income (loss) from continuing operations before income taxes193.5160.3548.6331.4
Income tax benefit (expense)(8.1)(23.5)(18.9)(56.4)
Net Income (loss) from continuing operations185.4136.8529.7275.0
Net income (loss) including noncontrolling interests185.4136.8529.7275.0
Net income (loss) attributable to MCBC185.4136.8529.7275.0
Subsidiary Non-Guarantors
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales612.0550.21,743.61,577.4
Excise taxes(247.5)(208.8)(702.4)(612.5)
Net sales364.5341.41,041.2964.9
Cost of goods sold(290.3)(253.1)(799.0)(720.0)
Gross profit74.288.3242.2244.9
Marketing, general and administrative expenses(94.1)(96.9)(291.1)(286.4)
Special items, net0.411.60.2(3.1)
Equity income (loss) in subsidiaries152.5144.7335.2338.4
Operating income (loss)133.0147.7286.5293.8
Interest income (expense), net(103.2)(138.4)(304.3)(317.1)
Other income (expense), net1.1(0.3)0.3(6.4)
Income (loss) from continuing operations before income taxes30.99.0(17.5)(29.7)
Income tax benefit (expense)(5.6)(10.3)(2.9)(0.3)
Net Income (loss) from continuing operations25.3(1.3)(20.4)(30.0)
Income (loss) from discontinued operations, net of tax2.7(0.9)1.541.1
Net income (loss) including noncontrolling interests28.0(2.2)(18.9)11.1
Less: Net (income) loss attributable to noncontrolling interests0.4(0.9)(0.4)(2.8)
Net income (loss) attributable to MCBC28.4(3.1)(19.3)8.3
Eliminations
    
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales(65.7)(63.1)(178.0)(168.0)
Net sales(65.7)(63.1)(178.0)(168.0)
Cost of goods sold63.355.2161.3151.2
Gross profit(2.4)(7.9)(16.7)(16.8)
Marketing, general and administrative expenses8.28.119.418.1
Equity income (loss) in subsidiaries(424.3)(402.2)(827.4)(968.1)
Operating income (loss)(418.5)(402.0)(824.7)(966.8)
Interest income (expense), net 00.3(0.1)
Other income (expense), net0 0 
Income (loss) from continuing operations before income taxes(418.5)(402.0)(824.4)(966.9)
Net Income (loss) from continuing operations(418.5)(402.0)(824.4)(966.9)
Net income (loss) including noncontrolling interests(418.5)(402.0)(824.4)(966.9)
Net income (loss) attributable to MCBC$ (418.5)$ (402.0)$ (824.4)$ (966.9)