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Other Income and Expense (Tables)
6 Months Ended
Jun. 30, 2017
Other Income and Expenses [Abstract]  
Summarization of other income and expenses
 
Three Months Ended
 
Six Months Ended
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
 
(In millions)
Bridge loan commitment fees(1)
$

 
$
(20.2
)
 
$

 
$
(38.6
)
Gain (loss) from other foreign exchange and derivative activity, net(2)
1.5

 
(10.6
)
 
(6.7
)
 
(6.9
)
Other, net(3)

 
0.4

 
8.6

 
(0.2
)
Other income (expense), net
$
1.5

 
$
(30.4
)
 
$
1.9

 
$
(45.7
)

(1)
During the first half of 2016, we recognized amortization of commitment fees and other financing costs incurred in connection with our bridge loan agreement entered into subsequent to the announcement of the Acquisition.
(2)
During the three and six months ended June 30, 2016, we recorded unrealized losses of approximately $11.6 million related to the foreign currency forwards we entered into in the second quarter of 2016, in connection with our July 7, 2016, debt issuance.
(3)
During the first quarter of 2017, we recorded a gain of CAD 10.6 million, or $8.1 million, resulting from a purchase price adjustment related to the historical sale of Molson Inc.’s ownership interest in the Montreal Canadiens. The CAD 10.6 million was paid by the Montreal Canadiens, who are a considered an affiliate of MCBC, in the first quarter of 2017.