Accumulated Other Comprehensive Income (Loss) ("AOCI") Accumulated Other Comprehensive Income (Loss) ("AOCI")

3 Months Ended

Mar. 31, 2018

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss) (AOCI)

Accumulated Other Comprehensive Income (Loss)

	MCBC shareholders
	Foreign currency translation adjustments			Gain (loss) on derivative instruments			Pension and postretirement benefit adjustments			Equity method investments			Accumulated other comprehensive income (loss)
	(In millions)
As of December 31, 2017	$	(314.6	)	$	(110.9	)	$	(375.0	)	$	(59.5	)	$	(860.0	)
Foreign currency translation adjustments	83.1			—			(1.1		)	—			82.0
Unrealized gain (loss) on derivative and non-derivative financial instruments	—			(34.0		)	—			—			(34.0		)
Reclassification of derivative (gain) loss to income	—			1.4			—			—			1.4
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	—			—			1.9			—			1.9
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	—			—			—			(1.6		)	(1.6		)
Tax benefit (expense)	(8.7		)	7.9			(0.2		)	0.4			(0.6		)
As of March 31, 2018	$	(240.2	)	$	(135.6	)	$	(374.4	)	$	(60.7	)	$	(810.9	)

Reclassifications from AOCI to income:

	Three Months Ended
	March 31, 2018			March 31, 2017
	Reclassifications from AOCI						Location of gain (loss) recognized in income
	(In millions)
Gain/(loss) on cash flow hedges:
Forward starting interest rate swaps	$	(0.8	)	$	(1.0	)	Interest expense, net
Foreign currency forwards	—			(0.9		)	Other income (expense), net
Foreign currency forwards	(0.6		)	1.9			Cost of goods sold
Total income (loss) reclassified, before tax	(1.4		)	—
Income tax benefit (expense)	0.3			—
Net income (loss) reclassified, net of tax	$	(1.1	)	$	—
Amortization of defined benefit pension and other postretirement benefit plan items:
Prior service benefit (cost)	$	(0.2	)	$	(0.2	)	Other pension and postretirement benefits (costs), net
Curtailment and net actuarial gain (loss)	(1.7		)	1.8			Other pension and postretirement benefits (costs), net
Total income (loss) reclassified, before tax	(1.9		)	1.6
Income tax benefit (expense)	0.2			(0.6		)
Net income (loss) reclassified, net of tax	$	(1.7	)	$	1.0
Total income (loss) reclassified, net of tax	$	(2.8	)	$	1.0