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Accumulated Other Comprehensive Income (Loss) ("AOCI") Accumulated Other Comprehensive Income (Loss) ("AOCI")
 3 Months Ended
Mar. 31, 2019
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
and non-derivative instruments
 
Pension and
postretirement
benefit
adjustments
 
Equity method
investments
 
Accumulated
other
comprehensive
income (loss)
 
(In millions)
As of December 31, 2018
$
(744.7
)
 
$
(17.8
)
 
$
(327.2
)
 
$
(60.3
)
 
$
(1,150.0
)
Foreign currency translation adjustments
4.6

 
72.8

 
—

 
—

 
77.4

Unrealized gain (loss) on derivative instruments
—

 
(39.4
)
 
—

 
—

 
(39.4
)
Reclassification of derivative (gain) loss to income
—

 
0.1

 
—

 
—

 
0.1

Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)
—

 
—

 
—

 
1.4

 
1.4

Tax benefit (expense)
12.1

 
(8.5
)
 
0.3

 
(0.4
)
 
3.5

Net current-period other comprehensive income (loss)
16.7

 
25.0

 
(0.6
)
 
1.0

 
42.1

Reclassification of stranded tax effects (see Note 2)
(61.0
)
 
(16.1
)
 
2.3

 
—

 
(74.8
)
As of March 31, 2019
$
(789.0
)
 
$
(8.9
)
 
$
(325.5
)
 
$
(59.3
)
 
$
(1,182.7
)


Reclassifications from AOCI to income:
 
Three Months Ended
 
 
 
March 31, 2019
 
March 31, 2018
 
 
 
Reclassifications from AOCI
 
Location of gain (loss)
recognized in income
 
(In millions)
 
 
Gain/(loss) on cash flow hedges:
 
 
 
 
 
Forward starting interest rate swaps
$
(0.7
)
 
$
(0.8
)
 
Interest expense, net
Foreign currency forwards
0.8

 
(0.6
)
 
Cost of goods sold
Foreign currency forwards
(0.2
)
 
—

 
Other income (expense), net
Total income (loss) reclassified, before tax
(0.1
)
 
(1.4
)
 
 
Income tax benefit (expense)
—

 
0.3

 
 
Net income (loss) reclassified, net of tax
$
(0.1
)
 
$
(1.1
)
 
 
 
 
 
 
 
 
Amortization of defined benefit pension and other postretirement benefit plan items:
 
 
 
 
 
Prior service benefit (cost)
$
(0.1
)
 
$
(0.2
)
 
Other pension and postretirement benefits (costs), net
Curtailment and net actuarial gain (loss)
1.0

 
(1.7
)
 
Other pension and postretirement benefits (costs), net
Total income (loss) reclassified, before tax
0.9

 
(1.9
)
 
 
Income tax benefit (expense)
(0.3
)
 
0.2

 
 
Net income (loss) reclassified, net of tax
$
0.6

 
$
(1.7
)
 
 
 
 
 
 
 
 
Total income (loss) reclassified, net of tax
$
0.5

 
$
(2.8
)