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Segment Reporting
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Our reporting segments are based on the key geographic regions in which we operate and include the Americas and EMEA&APAC segments. Our Americas segment operates in the U.S., Canada and various countries in Latin and South America and our EMEA&APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries and certain countries within the Middle East, Africa and Asia Pacific. We also have certain activity that is not allocated to our segments, which has been reflected as “Unallocated” below.
Reporting Segments
Americas
The Americas segment consists of our production, marketing and sales of our brands and other owned and licensed brands in the U.S., Canada and various countries in Latin and South America. We have contract brewing agreements to brew, package and ship products for Pabst and TYC, and a contract brewing agreement with Labatt USA Operating Co, LLC to brew and package certain Labatt brands for export. We have an agreement with Heineken that grants us the right to import, market, distribute and sell certain Heineken products in Canada.
The Americas segment also includes BRI, our joint venture arrangement related to the distribution and retail sale of beer in Ontario, and BDL, our joint venture arrangement related to the distribution of beer in the western provinces. Additionally, in the third quarter of 2020, we formed TYC, a joint venture equally owned by MCBC and DGY West that, pursuant to an operating agreement, was formed to expand commercialization of Yuengling's brands for any new market expansion outside of Yuengling's then 22-state footprint and New England in the U.S. During the third quarter of 2021, TYC commenced retail operations with its first product sales in the state of Texas. BRI, BDL and TYC are all accounted for as equity method investments.
EMEA&APAC
The EMEA&APAC segment consists of our production, marketing and sales of our brands as well as a number of smaller regional brands in the U.K., Central Europe and various other European countries, along with certain countries within the Middle East, Africa and Asia Pacific. In our EMEA&APAC segment, we also have licensing agreements and distribution agreements with various other brewers.
Unallocated
"Unallocated" activity primarily includes financing-related costs such as interest expense and income, foreign exchange gains and losses on intercompany balances related to financing and other treasury-related activities, and the unrealized changes in fair value on our commodity swaps not designated in hedging relationships recorded within cost of goods sold, which are later reclassified when realized to the segment in which the underlying exposure resides. Additionally, only the service cost component of net periodic pension and OPEB cost is reported within each operating segment and all other components remain unallocated.
Summarized Financial Information
No single customer accounted for more than 10% of our consolidated sales in 2021, 2020 or 2019. Consolidated net sales represent sales to third-party external customers less excise taxes. Inter-segment transactions impacting net sales and income (loss) before income taxes eliminate upon consolidation and are primarily related to the Americas segment sales to, and royalties received from, the EMEA&APAC segment.
The following tables represent consolidated net sales, interest expense, interest income and reconciliations of amounts shown as income (loss) before income taxes to income (loss) attributable to MCBC. Income (loss) before income taxes includes the impact of special items; refer to Note 7, "Special Items" for further discussion. Additionally, integration costs of $25 million were recorded within marketing, general and administrative expenses for 2019, primarily within our Americas segment. No integration costs were recorded in the years ended December 31, 2021 or 2020.
Year ended December 31, 2021
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$8,485.0 $1,802.3 $— $(7.6)$10,279.7 
Interest expense(1.4)(5.8)(253.1)— (260.3)
Interest income— 0.2 1.8 — 2.0 
Income (loss) before income taxes$1,176.5 $32.9 $29.6 $— $1,239.0 
Income tax benefit (expense)  (230.5)
Net income (loss)  1,008.5 
Net (income) loss attributable to noncontrolling interests  (2.8)
Net income (loss) attributable to MCBC  $1,005.7 
 Year ended December 31, 2020
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$8,237.0 $1,431.9 $— $(14.9)$9,654.0 
Interest expense(2.6)(5.7)(266.3)— (274.6)
Interest income0.2 0.3 2.8 — 3.3 
Income (loss) before income taxes$1,080.5 $(1,603.7)$(120.7)$— $(643.9)
Income tax benefit (expense)  (301.8)
Net income (loss)  (945.7)
Net (income) loss attributable to noncontrolling interests  (3.3)
Net income (loss) attributable to MCBC  $(949.0)

 Year ended December 31, 2019
 AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
 (In millions)
Net sales$8,618.2 $1,986.4 $— $(25.2)$10,579.4 
Interest expense2.8 (6.2)(277.5)— (280.9)
Interest income— 0.5 7.7 — 8.2 
Income (loss) before income taxes$645.0 $102.4 $(267.5)$— $479.9 
Income tax benefit (expense)  (233.7)
Net income (loss)  246.2 
Net (income) loss attributable to noncontrolling interests  (4.5)
Net income (loss) attributable to MCBC  $241.7 
The following table presents total assets and select cash flow information by segment.
AssetsDepreciation and amortizationCapital expenditures
 As of December 31,For the years ended December 31,For the years ended December 31,
 20212020202120202019202120202019
 (In millions)
Americas$23,653.5 $23,375.6 $601.4 $743.0 $676.9 $405.0 $461.4 $450.7 
EMEA&APAC3,965.5 3,955.5 184.7 179.0 182.1 117.6 113.4 143.1 
Consolidated$27,619.0 $27,331.1 $786.1 $922.0 $859.0 $522.6 $574.8 $593.8 
The following table presents net sales by geography, based on the location of the customer.
 For the years ended
 December 31, 2021December 31, 2020December 31, 2019
 (In millions)
Net sales to unaffiliated customers   
United States and its territories$7,168.7 $7,016.1 $7,244.9 
Canada1,188.4 1,111.6 1,231.3 
United Kingdom959.1 663.7 1,119.1 
Other foreign countries(1)
963.5 862.6 984.1 
Consolidated net sales$10,279.7 $9,654.0 $10,579.4 
(1)Reflects net sales within certain countries in Europe, Latin America, South America, the Middle East, Africa and Asia. No individual country has total net sales exceeding 10% of the total consolidated net sales.
The following table presents net properties and operating ROU assets by geographic location. See Note 19, "Lease" for further information on our operating ROU assets and Note 9, "Properties" for further information on our net properties.
 As of
 December 31, 2021December 31, 2020
 (In millions)
Net properties and operating ROU assets  
United States and its territories$2,294.1 $2,457.1 
Canada1,114.6 974.8 
United Kingdom383.2 398.9 
Other foreign countries(1)
519.6 555.7 
Consolidated net properties and operating ROU assets$4,311.5 $4,386.5 
(1)Reflects net properties and operating ROU assets within certain countries in Europe, Latin America, South America, Africa and Asia. No individual country has total net properties or operating ROU assets exceeding 10% of the total consolidated net properties or operating ROU assets, respectively.