Molson Coors Beverage (TAP) 10-Q 3 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
Entity Information [Line Items]
Entity Registrant Name	MOLSON COORS BREWING CO
Trading Symbol	tap
Entity Central Index Key	24,545
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Common Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		2,560,948
Common Class B [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		194,746,610
Class A Exchangeable Shares [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		2,878,936
Class B Exchangeable Shares [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		15,093,021

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income (loss) including noncontrolling interests	$ 207.8	$ 163.5
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	81.6	266.9
Unrealized gain (loss) on derivative and non-derivative financial instruments	(8.6)	(19.7)
Reclassification of derivative (gain) loss to income	0	(2.4)
Pension and other postretirement benefit adjustments	1.6	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	0	7
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	1.1	4.8
Total other comprehensive income (loss), net of tax	75.7	256.6
Comprehensive income (loss)	283.5	420.1
Comprehensive (income) loss attributable to noncontrolling interests	$ (6.9)	(0.4)
Comprehensive income (loss) attributable to Molson Coors Brewing Company		$ 419.7

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Sales Revenue, Goods, Gross	$ 2,913.8	$ 950.8
Excise taxes	(465.1)	(293.6)
Net sales	2,448.7	657.2
Cost of goods sold	(1,372.9)	(414)
Gross profit	1,075.8	243.2
Marketing, general and administrative expenses	(702.8)	(250.9)
Special items, net	(3.8)	108.6
Equity income in MillerCoors	0	142.4
Operating income (loss)	369.2	243.3
Interest income (expense), net	(96.6)	(47.3)
Other income (expense), net	0.4	(15.3)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	273	180.7
Income (loss) from continuing operations before income taxes	273	180.7
Income tax benefit (expense)	(64.6)	(16.7)
Net Income (loss) from continuing operations	208.4	164
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) including noncontrolling interests	207.8	163.5
Net (income) loss attributable to noncontrolling interests	(6.5)	(0.8)
Net income (loss) attributable to Molson Coors Brewing Company	$ 201.3	$ 162.7
Basic net income (loss) attributable to Molson Coors Brewing Company per share:
From continuing operations (in dollars per share)	$ 0.94	$ 0.80
From discontinued operations (in dollars per share)	0	0
Basic net income (loss) attributable to Molson Coors Brewing Company per share	0.94	0.80
Diluted net income (loss) attributable to Molson Coors Brewing Company per share:
From continuing operations (in dollars per share)	0.93	0.80
From discontinued operations (in dollars per share)	0	0
Diluted net income (loss) attributable to Molson Coors Brewing Company per share	$ 0.93	$ 0.80
Weighted average shares - basic (in shares)	215	203.6
Weighted average shares - diluted (in shares)	216.5	205.1
Amounts attributable to Molson Coors Brewing Company
Net income (loss) from continuing operations	$ 201.9	$ 163.2
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) attributable to Molson Coors Brewing Company	$ 201.3	$ 162.7

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 395	$ 560.9
Accounts receivable, net	756.5	669.5
Other receivables, net	166.5	135.8
Inventories:
Total inventories	663.5	592.7
Other current assets, net	297.7	210.7
Total current assets	2,279.2	2,169.6
Properties, net	4,528.8	4,507.4
Goodwill	8,276.2	8,250.1
Other intangibles, net	14,032.6	14,031.9
Other assets	426.1	382.5
Total assets	29,542.9	29,341.5
Accounts Payable and Other Accrued Liabilities, Current	2,200.5	2,467.7
Current liabilities:
Current portion of long-term debt and short-term borrowings	843	684.8
Discontinued operations	5.2	5
Total current liabilities	3,048.7	3,157.5
Long-term debt	11,443.1	11,387.7
Pension and postretirement benefits	1,157.9	1,196
Deferred tax liabilities	1,762.6	1,699
Other liabilities	307.2	267
Discontinued operations	13.1	12.6
Total liabilities	17,732.6	17,719.8
Commitments and contingencies (Note 16)
Capital stock:
Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued)	0	0
Paid-in capital	6,629.9	6,635.3
Retained earnings	6,232	6,119
Accumulated other comprehensive income (loss)	(1,470.2)	(1,545.5)
Class B common stock held in treasury at cost (9.5 shares and 9.5 shares, respectively)	(471.4)	(471.4)
Total Molson Coors Brewing Company stockholders' equity	11,598.3	11,418.7
Noncontrolling interests	212	203
Total equity	11,810.3	11,621.7
Total liabilities and equity	29,542.9	29,341.5
Class A common stock, voting [Member]
Capital stock:
Common stock - Class A, $0.01 par value (authorized: 500.0 shares; issued and outstanding: 2.6 shares and 2.6 shares, respectively); Class B, $0.01 par value (authorized: 500.0 shares; issued and outstanding: 204.2 shares and 203.7 shares, respectively)	0	0
Total equity	0	0
Class B common stock, non-voting [Member]
Capital stock:
Common stock - Class A, $0.01 par value (authorized: 500.0 shares; issued and outstanding: 2.6 shares and 2.6 shares, respectively); Class B, $0.01 par value (authorized: 500.0 shares; issued and outstanding: 204.2 shares and 203.7 shares, respectively)	2	2
Total equity	2	2
Class A Exchangeable Shares [Member]
Capital stock:
Exchangeable shares - Class A, no par value (issued and outstanding: 2.9 shares and 2.9 shares, respectively); Class B, no par value (issued and outstanding: 15.1 shares and 15.2 shares, respectively)	108.4	108.1
Total equity	108.4	108.1
Class B Exchangeable Shares [Member]
Capital stock:
Exchangeable shares - Class A, no par value (issued and outstanding: 2.9 shares and 2.9 shares, respectively); Class B, no par value (issued and outstanding: 15.1 shares and 15.2 shares, respectively)	567.6	571.2
Total equity	$ 567.6	$ 571.2

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICALS) - $ / shares shares in Millions	Mar. 31, 2017	Dec. 31, 2016
Preferred Stock, Non-voting, No Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	25	25
Preferred Stock, Shares Issued	0	0
Treasury Stock, Shares	9.5	9.5
Common Class A [Member]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500	500
Common Stock, Shares, Issued	2.6	2.6
Common Stock, Shares, Outstanding	2.6	2.6
Common Class B [Member]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500	500
Common Stock, Shares, Issued	204.2	203.7
Class A Exchangeable Shares [Member]
Exchangeable Stock, No Par Value	$ 0	$ 0
Exchangeable Stock, Shares Issued	2.9	2.9
Exchangeable Stock, Shares Outstanding	2.9	2.9
Class B Exchangeable Shares [Member]
Exchangeable Stock, No Par Value	$ 0	$ 0
Exchangeable Stock, Shares Issued	15.1	15.2
Exchangeable Stock, Shares Outstanding	15.1	15.2

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$ 207.8	$ 163.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	197.1	67.5
Amortization of debt issuance costs and discounts	6.5	16.7
Share-based compensation	15.5	6.1
(Gain) loss on sale or impairment of properties and other assets, net	(4.4)	(110.1)
Equity income in MillerCoors	0	(142.4)
Distributions from MillerCoors	0	142.4
Equity in net (income) loss of other unconsolidated affiliates	7.3	6.5
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net	(63)	(4)
Income tax (benefit) expense	64.6	16.7
Income tax (paid) received	(10.9)	(88.8)
Interest expense, excluding interest amortization	91.7	50.4
Interest (paid)	(120.7)	(46.9)
Pension expense (benefit)	(7.8)	2
Pension Contributions (Paid)	(36)	(6.7)
Change in current assets and liabilities (net of impact of business combinations) and other	(466.6)	(161.7)
(Gain) loss from discontinued operations	0.6	0.5
Net Cash Provided by (Used in) Operating Activities	(118.3)	(88.3)
Cash flows from investing activities:
Additions to properties	(180)	(71.1)
Proceeds from sales of properties and other assets	42	2.4
Investment in MillerCoors	0	(413.7)
Return of capital from MillerCoors	0	283.4
Other	5.9	(6.5)
Net cash provided by investing activities	(132.1)	(205.5)
Cash flows from financing activities:
Proceeds from issuance of common stock, net	0	2,526.4
Exercise of stock options under equity compensation plans	0.3	4.2
Dividends paid	(88.3)	(88.3)
Debt issuance costs	(3.7)	(14.2)
Payments on debt and borrowings	(1,501.1)	(10.3)
Proceeds on debt and borrowings	1,536	20.9
Net proceeds from (payments on) revolving credit facilities and commercial paper	131	2.5
Change in overdraft balances and other	6.1	17.3
Net cash provided by (used in) financing activities	80.3	2,458.5
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(170.1)	2,164.7
Effect of foreign exchange rate changes on cash and cash equivalents	4.2	7.3
Balance at beginning of year	560.9	430.9
Balance at end of period	$ 395	$ 2,602.9

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND NONCONTROLLING INTERESTS - USD ($) $ in Millions	Total	Class A common stock, voting [Member]	Common Class B [Member]	Exchangeable shares issued, Class A	Exchangeable shares issued, Class B	Retained earnings	AOCI Attributable to Parent [Member]	Common stock held in treasury, Class B	Paid-in capital	Noncontrolling interest
Balance at Dec. 31, 2015	$ 7,063.1	$ 0	$ 1.7	$ 108.2	$ 603	$ 4,496	$ (1,694.9)	$ (471.4)	$ 4,000.4	$ 20.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchange of shares	0			0	(21.6)				21.6
Shares issued under equity compensation plan	(7.9)								(7.9)
Amortization of share-based compensation	6.7								6.7
Net income (loss) including noncontrolling interests	163.5					162.7				0.8
Other comprehensive income (loss), net of tax	256.6						257			(0.4)
Stock Issued During Period, Value, New Issues	2,525.6		0.3						2,525.3
Dividends declared and paid	(88.3)					(88.3)
Balance at Mar. 31, 2016	9,919.3	0	2	108.2	581.4	4,570.4	(1,437.9)	(471.4)	6,546.1	20.5
Balance at Dec. 31, 2016	11,621.7	0	2	108.1	571.2	6,119	(1,545.5)	(471.4)	6,635.3	203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchange of shares	0			0.3	(3.6)				3.3
Shares issued under equity compensation plan	23.5								23.5
Amortization of share-based compensation	14.8								14.8
Acquisition of business and purchase of noncontrolling interest	2.1									2.1
Net income (loss) including noncontrolling interests	207.8					201.3				6.5
Other comprehensive income (loss), net of tax	75.7						75.3			0.4
Dividends declared and paid	(88.3)					(88.3)
Balance at Mar. 31, 2017	$ 11,810.3	$ 0	$ 2	$ 108.4	$ 567.6	$ 6,232	$ (1,470.2)	$ (471.4)	$ 6,629.9	$ 212

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Unless otherwise noted in this report, any description of "we," "us" or "our" includes Molson Coors Brewing Company ("MCBC" or the "Company"), principally a holding company, and its operating and non-operating subsidiaries included within our reporting segments and Corporate. Our reporting segments include: MillerCoors LLC ("MillerCoors" or U.S. segment), operating in the United States ("U.S."); Molson Coors Canada ("MCC" or Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom ("U.K.") and various other European countries; and Molson Coors International ("MCI" or MCI segment), operating in various other countries. On October 11, 2016 , we completed the acquisition of SABMiller plc's ("SABMiller") 58% economic interest and 50% voting interest in MillerCoors and all trademarks, contracts and other assets primarily related to the "Miller International Business", as defined in the purchase agreement, outside of the U.S. and Puerto Rico (the "Acquisition") from Anheuser-Busch InBev SA/NV ("ABI"), and MillerCoors, previously a joint venture between MCBC and SABMiller, became a wholly-owned subsidiary of MCBC. Accordingly, for periods prior to October 11, 2016 , our 42% economic ownership interest in MillerCoors was accounted for under the equity method of accounting, and, therefore, its results of operations were reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations, and our 42% share of MillerCoors' net assets were reported as investment in MillerCoors in the unaudited condensed consolidated balance sheets. Beginning October 11, 2016 , MillerCoors was fully consolidated and continues to be reported as our U.S. segment. Additionally, our unaudited condensed consolidated balance sheets as of March 31, 2017 , and December 31, 2016 , include our acquired assets and liabilities, which were recorded at their respective acquisition-date fair values upon completion of the Acquisition. See Note 4, "Acquisition and Investments" for further discussion. Unless otherwise indicated, information in this report is presented in U.S. dollars ("USD" or "$") and comparisons are to comparable prior periods. Our primary operating currencies, other than USD, include the Canadian Dollar ("CAD"), the British Pound ("GBP"), and our Central European operating currencies such as the Euro ("EUR"), Czech Koruna ("CZK"), Croatian Kuna ("HRK") and Serbian Dinar ("RSD"). The accompanying unaudited condensed consolidated interim financial statements reflect all adjustments which are necessary for a fair statement of the financial position, results of operations and cash flows for the periods presented in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP"). Such unaudited interim condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated interim financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2016 ("Annual Report"), and have been prepared on a consistent basis with the accounting policies described in Note 1 of the Notes to the Audited Consolidated Financial Statements included in our Annual Report. Our accounting policies did not change in the first quarter of 2017 . The results of operations for the three months ended March 31, 2017 , are not necessarily indicative of the results that may be achieved for the full year.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New Accounting Pronouncements Previously Adopted In March 2016, the Financial Accounting Standards Board ("FASB") issued authoritative guidance intended to simplify and improve several aspects of the accounting for share-based payment transactions. We early adopted this guidance in the third quarter of the prior year. The adoption of this guidance impacted our previously reported unaudited condensed consolidated financial statements as follows: Three Months Ended March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Statements of Operations: Income tax benefit (expense) $ (20.6 ) $ (16.7 ) Net income (loss) attributable to Molson Coors Brewing Company $ 158.8 $ 162.7 Basic earnings per share $ 0.78 $ 0.80 Diluted earnings per share $ 0.78 $ 0.80 Diluted weighted-average shares outstanding 204.8 205.1 Three Months Ended March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Statements of Cash Flows: Net cash provided by (used in) operating activities $ (93.4 ) $ (88.3 ) Net cash provided by (used in) financing activities $ 2,463.6 $ 2,458.5 As of March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Balance Sheets: Paid-in capital $ 6,550.0 $ 6,546.1 Retained earnings $ 4,566.5 $ 4,570.4 New Accounting Pronouncements Recently Adopted In January 2017, the FASB issued authoritative guidance intended to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, the recognition of an impairment charge is calculated based on the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance should be applied on a prospective basis, and is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We have early adopted this guidance, effective for our quarter ended March 31, 2017. The adoption of this guidance will impact our goodwill impairment testing on a prospective basis, to the extent that an impairment is identified in Step 1 of our testing procedures. In July 2015, the FASB issued authoritative guidance intended to simplify the measurement of inventory. The amendment requires entities to measure in-scope inventory at the lower of cost and net realizable value, and replaces the current requirement to measure in-scope inventory at the lower of cost or market, which considers replacement cost, net realizable value, and net realizable value less an approximate normal profit margin. This guidance is effective for our quarter ended March 31, 2017, and was applied on a prospective basis. The adoption of this guidance did not have an impact on our financial position or results of operations. New Accounting Pronouncements Not Yet Adopted In March 2017, the FASB issued authoritative guidance intended to improve the consistency, transparency and usefulness of financial information related to defined benefit pension or other postretirement plans. Under the new guidance, an employer must disaggregate the service cost component from the other components of net benefit cost within the income statement. Specifically, the new guidance will require us only to report the service cost component in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period; while the other components of net benefit cost will now be presented in the income statement separately from the service cost component and outside of operating income. The amendments in this update also allow only the service cost component to be eligible for capitalization when applicable. This guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The guidance related to the income statement presentation of service costs and other pension and postretirement benefit costs should be applied retrospectively, while the capitalization of service costs component should be applied prospectively. These changes will impact the presentation of net periodic pension costs and net periodic postretirement benefit costs within our results of operations upon adoption of this guidance. In February 2016, the FASB issued authoritative guidance intended to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. Additionally, this guidance will require disclosures to help investors and other financial statement users to better understand the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. The guidance should be applied under a modified retrospective transition approach for leases existing at the beginning of the earliest comparative period presented in the adoption-period financial statements. Any leases that expire before the initial application date will not require any accounting adjustment. This guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. We are currently evaluating the potential impact on our financial position and results of operations upon adoption of this guidance. In May 2014, the FASB issued authoritative guidance related to new accounting requirements for the recognition of revenue from contracts with customers. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for the goods or services. The guidance also includes enhanced disclosure requirements which are intended to help financial statement users better understand the nature, amount, timing and uncertainty of revenue being recognized. Subsequent to the release of this guidance, the FASB has issued additional updates intended to provide interpretive clarifications and to reduce the cost and complexity of applying the new revenue recognition standard both at transition and on an ongoing basis. The new standard and related amendments are effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods. Upon adoption of the new standard, the use of either a full retrospective or cumulative effect transition method is permitted. We are currently in the process of evaluating the potential impact this new guidance will have on our financial statements. We have not completed this evaluation and therefore, cannot conclude whether the guidance will have a significant impact on our financial statements at this time. However, based on preliminary work completed, we are considering the implications that the new standard may have on our contract brewing arrangements, presentation of certain customer related trade spend, as well as the timing of recognition of certain promotional discounts, which are areas that could potentially be impacted by the adoption of the new guidance. We currently anticipate that we will utilize the cumulative effect transition method, however, this expectation may change following the completion of our evaluation of the impact of this guidance on our financial statements. Other than the items noted above, there have been no new accounting pronouncements not yet effective or adopted in the current year that we believe have a significant impact, or potential significant impact, to our unaudited condensed consolidated financial statements.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Our reporting segments are based on the key geographic regions in which we operate, which are the basis on which our chief operating decision maker evaluates the performance of the business. Our reporting segments consist of the U.S., Canada, Europe and MCI. Corporate is not a segment and primarily includes interest, certain other general and administrative costs that are not allocated to any of the operating segments as well as 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. Effective January 1, 2017, European markets including Sweden, Spain, Germany, Ukraine and Russia, which were previously reported under our MCI segment, are reported within our Europe segment. Additionally, effective January 1, 2017, the results of the MillerCoors Puerto Rico business, which were previously reported as part of the U.S. segment, are reported within the MCI segment. We have not recast historical results for these changes on the basis of immateriality. No single customer accounted for more than 10% of our consolidated sales for the three months ended March 31, 2017 , or March 31, 2016 . Net sales represent sales to third-party external customers less excise taxes. Inter-segment transactions impacting sales revenues and income (loss) from continuing operations before income taxes eliminate in consolidation. The following table presents net sales by segment: Three Months Ended March 31, 2017 March 31, 2016 (In millions) U.S. (1) $ 1,749.9 $ — Canada 291.1 268.0 Europe 381.6 358.7 MCI 61.8 31.0 Corporate 0.3 0.4 Eliminations (2) (36.0 ) (0.9 ) Consolidated net sales $ 2,448.7 $ 657.2 (1) Prior to October 11, 2016 , MCBC’s 42% share of MillerCoors' results of operations was reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. As a result of the Acquisition, beginning October 11, 2016 , MillerCoors' results were fully consolidated into MCBC’s consolidated financial statements. (2) Eliminations reflect gross inter-segment sales, purchases, and volumes which are eliminated in the consolidated totals. The following table presents income (loss) from continuing operations before income taxes by segment: Three Months Ended March 31, 2017 March 31, 2016 (In millions) U.S. (1) $ 315.6 $ 142.4 Canada 23.1 146.6 Europe (2) 30.6 (1.2 ) MCI 1.5 (2.3 ) Corporate (97.8 ) (104.8 ) Consolidated income (loss) from continuing operations before income taxes $ 273.0 $ 180.7 (1) Prior to October 11, 2016 , MCBC’s 42% share of MillerCoors' results of operations was reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. As a result of the Acquisition, beginning October 11, 2016 , MillerCoors' results were fully consolidated into MCBC’s consolidated financial statements. (2) Recently, the largest food and retail company in Croatia, Agrokor, announced it is facing significant financial difficulties that have raised doubt about the collectibility of certain of our outstanding receivables with its direct subsidiaries. These subsidiaries are customers of ours within the Europe segment and, therefore, we are closely monitoring the situation. Specifically, Agrokor has entered into active discussions with local regulators, financial institutions and other creditors to stabilize its business and resume payments to suppliers and others as soon as possible. Our exposure related to Agrokor, as of March 31, 2017, was approximately EUR 18 million . Based on the facts and circumstances known at this time, we have recorded a provision for an estimate of uncollectible receivables of approximately $11 million . Separately, we released an indirect tax loss contingency, which was initially recorded in the fourth quarter of 2016, for a benefit of approximately $50 million during the first quarter of 2017; see Note 16, "Commitments and Contingencies" for details. Income (loss) from continuing operations before income taxes includes the impact of special items. Refer to Note 6, "Special Items" for further discussion. Additionally, various costs associated with the Acquisition and its related financing were recorded for the three months ended March 31, 2017 , and March 31, 2016. Refer to Note 4, "Acquisition and Investments" for further details. The following table presents total assets by segment: As of March 31, 2017 December 31, 2016 (In millions) U.S. $ 19,965.3 $ 19,844.7 Canada 4,256.6 4,206.8 Europe 4,771.1 4,673.7 MCI 254.6 255.6 Corporate 295.3 360.7 Consolidated total assets $ 29,542.9 $ 29,341.5

Acquisition and Investments

Acquisition and Investments	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Acquisition and Investments	Acquisition and Investments Acquisition On October 11, 2016 , we completed the Acquisition for $12.0 billion in cash, subject to a downward adjustment as described in the purchase agreement. Prior to the Acquisition, MCBC owned a 50% voting and 42% economic interest in MillerCoors, and MillerCoors was accounted for under the equity method of accounting. Following the completion of the Acquisition, MillerCoors, which was previously a joint venture between MCBC and SABMiller, became a wholly-owned subsidiary of MCBC and its results were fully consolidated by MCBC prospectively beginning on October 11, 2016 . We have a downward purchase price adjustment, as described in the purchase agreement, if the unaudited U.S. GAAP earnings before interest, tax, depreciation and amortization ("EBITDA") for the Miller International Business for the twelve months prior to closing is below $70 million . The determination for the amount of the downward purchase price adjustment, if any, is ongoing pursuant to the terms of the purchase agreement. Under the acquisition method of accounting, MCBC recorded all assets acquired and liabilities assumed at their respective acquisition-date fair values. The excess of total consideration, including the estimated fair value of our previously held equity interest in MillerCoors, over the net identifiable assets acquired and liabilities assumed was recorded as goodwill. The detailed valuation analyses necessary to assess the fair values of the tangible and intangible assets acquired and liabilities assumed and goodwill recognized have been completed, however, the analyses are preliminary in nature and are subject to adjustment as additional information is obtained about the facts and circumstances that existed as of the Acquisition date. Therefore, there may be adjustments to the valuation of our previously held equity interest, as well as to the assigned values of acquired assets and assumed liabilities, including but not limited to brands and other intangible assets and property, plant and equipment that may give rise to increases or decreases in the amounts of depreciation and amortization expense. There have been no changes to these allocated amounts in the first quarter of 2017. The final determination of the fair values will be completed within the measurement period of up to one year from the Acquisition date as permitted under U.S. GAAP and any adjustments to provisional amounts that are identified during the measurement period will be recorded in the reporting period in which the adjustment is determined. The size and complexity of the Acquisition could necessitate the need to use the full one year measurement period to adequately analyze and assess a number of the factors used in establishing the asset and liability fair values. Any potential adjustments made could be material in relation to these preliminary values. Unaudited Pro Forma Financial Information The following unaudited pro forma financial information gives effect to the Acquisition and the completed financing as if they were completed on January 1, 2016, the first day of our 2016 fiscal year and the pro forma adjustments are based on items that are factually supportable, are directly attributable to the Acquisition and are expected to have a continuing impact on MCBC's results of operations. The unaudited pro forma financial information has been calculated after applying MCBC’s accounting policies and adjusting the results of MillerCoors to reflect the additional depreciation and amortization that would have been charged assuming the preliminary fair value adjustments to property, plant and equipment, and intangible assets had been applied from January 1, 2016, together with the consequential tax effects. Pro forma adjustments have been made to remove non-recurring transaction-related costs included in historical results as well as to reflect the incremental interest expense to be prospectively incurred on the debt and term loans issued to finance the Acquisition, in addition to other pro forma adjustments. See below table for significant non-recurring costs. Also, see Note 7, "Other Income and Expense" for details related to certain financing-related expenses incurred. Additionally, the following unaudited pro forma financial information does not reflect the impact of the acquisition of the Miller global brand portfolio and other assets primarily related to the Miller International Business as we are not able to estimate the historical results of operations from this business and have concluded, based on the limited information available to MCBC, that it is insignificant to the overall Acquisition. The preliminary purchase price allocation reflects the estimated value allocated to the Miller global brand portfolio reported within identifiable intangible assets subject to amortization. Based on the limited information regarding such brands received to date, this estimated value allocated to these brands remains subject to change as additional information, reflective of the performance of the brands as of the Acquisition date, becomes available. The unaudited pro forma financial information below does not reflect the realization of any expected ongoing synergies relating to the integration of MillerCoors. Further, the unaudited pro forma financial information should not be considered indicative of the results that would have occurred if the Acquisition and related financing had been consummated on January 1, 2016, nor are they indicative of future results. Three Months Ended March 31, 2016 (in millions) Net sales $ 2,461.4 Net income from continuing operations attributable to MCBC $ 257.4 Net income attributable to MCBC $ 256.9 Net income from continuing operations attributable to MCBC per share: Basic $ 1.20 Diluted $ 1.19 For the three months ended March 31, 2016 , the following non-recurring charges (benefits) directly attributable to the Acquisition were made as adjustments to our pro forma results to remove the impact from our historical operating results within the below noted line items. Three Months Ended March 31, 2016 (In millions) Non-recurring charges (benefits) Location Other transaction-related costs $ 14.9 Marketing, general and administrative expenses Bridge loan - amortization of financing costs $ 18.4 Other income (expense) Term loan - commitment fee $ 1.2 Interest expense, net Swaption - unrealized loss $ 21.1 Interest expense, net Interest income earned on money market and fixed rate deposit accounts $ (2.5 ) Interest income, net MillerCoors Pre-Acquisition Financial Information Summarized financial information for MillerCoors for the periods prior to the Acquisition under the equity method of accounting are as follows: Results of Operations Three Months Ended March 31, 2016 (in millions) Net sales $ 1,816.1 Cost of goods sold (1,033.0 ) Gross profit $ 783.1 Operating income (1) $ 336.5 Net income attributable to MillerCoors (1) $ 335.3 (1) Results include net special charges primarily related to the closure of the Eden, North Carolina brewery, which for the three months ended March 31, 2016, includes $35.9 million of accelerated depreciation in excess of normal depreciation associated with the brewery and $1.0 million of other charges. The following represents our proportionate share in net income attributable to MillerCoors reported under the equity method of accounting prior to the Acquisition: Three Months Ended March 31, 2016 (in millions, except percentages) Net income attributable to MillerCoors $ 335.3 MCBC's economic interest 42 % MCBC's proportionate share of MillerCoors' net income 140.8 Amortization of the difference between MCBC's contributed cost basis and proportionate share of the underlying equity in net assets of MillerCoors 1.1 Share-based compensation adjustment (1) 0.5 Equity income in MillerCoors $ 142.4 (1) The net adjustment is to eliminate all share-based compensation impacts related to pre-existing SABMiller equity awards held by former Miller Brewing Company employees employed by MillerCoors, as well as to add back all share-based compensation impacts related to pre-existing MCBC equity awards held by former MCBC employees who transferred to MillerCoors. The following table summarizes our transactions with MillerCoors: Three Months Ended March 31, 2016 (In millions) Beer sales to MillerCoors $ 2.0 Beer purchases from MillerCoors $ 9.9 Service agreement costs and other charges to MillerCoors $ 0.7 Service agreement costs and other charges from MillerCoors $ 0.1 Investments Our investments include both equity method and consolidated investments. Those entities identified as variable interest entities ("VIEs") have been evaluated to determine whether we are the primary beneficiary. The VIEs included under "Consolidated VIEs" below are those for which we have concluded that we are the primary beneficiary and accordingly, consolidate these entities. None of our consolidated VIEs held debt as of March 31, 2017 , or December 31, 2016 . We have not provided any financial support to any of our VIEs during the year that we were not previously contractually obligated to provide. Amounts due to and due from our equity method investments are recorded as affiliate accounts payable and affiliate accounts receivable. Authoritative guidance related to the consolidation of VIEs requires that we continually reassess whether we are the primary beneficiary of VIEs in which we have an interest. As such, the conclusion regarding the primary beneficiary status is subject to change and we continually evaluate circumstances that could require consolidation or deconsolidation. As of March 31, 2017 , and December 31, 2016 , our consolidated VIEs are Cobra Beer Partnership, Ltd. ("Cobra U.K.") and Grolsch U.K. Ltd. ("Grolsch"), Rocky Mountain Metal Container ("RMMC") and Rocky Mountain Bottle Company ("RMBC"). RMMC and RMBC were previously consolidated VIEs of MillerCoors and as a result of the Acquisition, are now MCBC consolidated VIEs. Our unconsolidated VIEs are Brewers Retail Inc. ("BRI") and Brewers' Distributor Ltd. ("BDL"). Both BRI and BDL have outstanding third party debt which is guaranteed by its shareholders. As a result, we have a guarantee liability of $48.8 million and $31.7 million recorded as of March 31, 2017 , and December 31, 2016 , respectively, which is presented within accounts payable and other current liabilities on the unaudited condensed consolidated balance sheets, and represents our proportionate share of the outstanding balance of these debt instruments. The carrying value of the guarantee liability equals fair value, which considers an adjustment for our own non-performance risk and is considered a Level 2 measurement. The offset to the guarantee liability was recorded as an adjustment to our respective equity method investment within the unaudited condensed consolidated balance sheets. The resulting change in our equity method investments during the year due to movements in the guarantee represents a non-cash investing activity. Consolidated VIEs The following summarizes the assets and liabilities of our consolidated VIEs (including noncontrolling interests): As of March 31, 2017 December 31, 2016 Total Assets Total Liabilities Total Assets Total Liabilities (In millions) Grolsch $ 5.1 $ 0.5 $ 4.4 $ 0.5 Cobra U.K. $ 16.4 $ 0.8 $ 14.2 $ 1.1 RMMC $ 74.9 $ 4.4 $ 70.2 $ 3.5 RMBC $ 57.5 $ 2.6 $ 53.1 $ 2.5

Share-Based Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Payments	Share-Based Payments We have one share-based compensation plan, the MCBC Incentive Compensation Plan (the "Incentive Compensation Plan"), as of March 31, 2017 , and all outstanding awards fall under this plan. During the three months ended March 31, 2017 , and March 31, 2016 , we recognized share-based compensation expense related to the following Class B common stock awards to certain directors, officers and other eligible employees, pursuant to the Incentive Compensation Plan: restricted stock units ("RSUs"), deferred stock units ("DSUs"), performance share units ("PSUs") and stock options. The settlement amount of the PSUs is determined based on market and performance metrics, which include our total shareholder return performance relative to the S&P 500 and specified internal performance metrics designed to drive greater shareholder return. PSU compensation expense is based on a fair value assigned to the market metric using a Monte Carlo model upon grant, which remains constant throughout the vesting period of three years, and a performance multiplier, which will vary due to changing estimates of the performance metric condition. The following table summarizes share-based compensation expense for the three months ended March 31, 2017, and March 31, 2016 : Three Months Ended March 31, 2017 March 31, 2016 (In millions) Pretax compensation expense $ 15.5 $ 6.7 Tax benefit (5.3 ) (1.9 ) After-tax compensation expense $ 10.2 $ 4.8 The increase in expense in the first quarter of 2017 was primarily driven by the issuance of replacement awards to MillerCoors employees in connection with the completion of the Acquisition, as well as accelerated expense related to certain awards during the first quarter of 2017. As of March 31, 2017 , there was $103.9 million of total unrecognized compensation expense from all share-based compensation arrangements granted under the Incentive Compensation Plan, related to unvested awards. This total compensation expense is expected to be recognized over a weighted-average period of 2.1 years. The following table represents non-vested RSUs, DSUs and PSUs as of March 31, 2017 , and the activity during the three months ended March 31, 2017 : RSUs and DSUs PSUs Units Weighted-average grant date fair value per unit Units Weighted-average grant date fair value per unit (In millions, except per unit amounts) Non-vested as of December 31, 2016 0.8 $87.01 0.5 $81.67 Granted 0.3 $92.00 0.2 $97.13 Vested (0.3 ) $76.67 (0.2 ) $57.29 Converted (1) 0.3 $106.17 (0.1 ) $106.17 Forfeited — $— — $— Non-vested as of March 31, 2017 1.1 $95.21 0.4 $89.44 (1) During the three months ended March 31, 2017, the MillerCoors 2016 PSU replacement awards were converted to RSUs under the Incentive Compensation Plan based on the achievement of the performance metric during the one year performance period ended December 31, 2016. These awards cliff vest at the end of a three year service period in the first quarter of 2019. The weighted-average fair value per unit for the non-vested PSUs is $103.82 as of March 31, 2017 . The following table represents the summary of stock options and stock-only stock appreciation rights ("SOSARs") outstanding as of March 31, 2017 , and the activity during the three months ended March 31, 2017 : Awards Weighted-average exercise price per share Weighted-average remaining contractual life (years) Aggregate intrinsic value (In millions, except per share amounts and years) Outstanding as of December 31, 2016 1.5 $59.79 5.4 $ 58.2 Granted 0.2 $96.77 Exercised (0.1) $54.81 Forfeited — $— Outstanding as of March 31, 2017 1.6 $63.88 5.9 $ 51.4 Expected to vest at March 31, 2017 0.4 $89.67 9.2 $ 2.3 Exercisable at March 31, 2017 1.2 $56.28 4.9 $ 49.0 The total intrinsic values of stock options and SOSARs exercised during the three months ended March 31, 2017 , and March 31, 2016 , were $4.8 million and $7.7 million , respectively. During the three months ended March 31, 2017 , and March 31, 2016 , cash received from stock option exercises was $0.3 million and $4.2 million , respectively, and total tax benefits realized, including excess tax benefits, from share-based awards vested or exercised was $17.0 million and $6.1 million , respectively. The fair value of each option granted in the first quarter of 2017 and 2016 was determined on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: Three Months Ended March 31, 2017 March 31, 2016 Risk-free interest rate 2.04% 1.40% Dividend yield 1.64% 1.81% Volatility range 22.40%-22.88% 23.16%-24.64% Weighted-average volatility 22.52% 23.53% Expected term (years) 5.1 5.2 Weighted-average fair market value $18.66 $16.65 The risk-free interest rates utilized for periods throughout the contractual life of the stock options are based on a zero-coupon U.S. Treasury security yield at the time of grant. Expected volatility is based on a combination of historical and implied volatility of our stock. The expected term of stock options is estimated based upon observations of historical employee option exercise patterns and trends of those employees granted options in the respective year. The fair value of the market metric for each PSU granted in the first quarter of 2017 and 2016 was determined on the date of grant using a Monte Carlo model to simulate total stockholder return for MCBC and peer companies with the following weighted-average assumptions: Three Months Ended March 31, 2017 March 31, 2016 Risk-free interest rate 1.59% 1.04% Dividend yield 1.64% 1.81% Volatility range 13.71%-80.59% 14.10%-77.11% Weighted-average volatility 24.24% 23.68% Expected term (years) 2.8 2.8 Weighted-average fair market value $97.13 $90.49 The risk-free interest rates utilized for periods throughout the expected term of the PSUs are based on a zero-coupon U.S. Treasury security yield at the time of grant. Expected volatility is based on historical volatility of our stock as well as the stock of our peer firms, as shown within the volatility range above, for a period from the grant date consistent with the expected term. The expected term of PSUs is calculated based on the grant date to the end of the performance period. As of March 31, 2017 , there were 4.3 million shares of the Company's Class B common stock available for issuance as awards under the Incentive Compensation Plan.

Special Items

Special Items	3 Months Ended
	Mar. 31, 2017
Unusual or Infrequent Items, or Both [Abstract]
Special Items	Special Items We have incurred charges or realized benefits that either we do not believe to be indicative of our core operations, or we believe are significant to our current operating results warranting separate classification. As such, we have separately classified these charges (benefits) as special items. The table below summarizes special items recorded: Three Months Ended March 31, 2017 March 31, 2016 (In millions) Employee-related charges Restructuring $ 0.9 $ (1.6 ) Canada - OPEB curtailment gain (2.9 ) — Impairments or asset abandonment charges U.S. - Asset abandonment (1) 2.0 — Canada - Asset abandonment (2) 1.2 1.1 Europe - Asset abandonment (3) 2.6 2.3 Termination fees and other (gains) losses Canada - Gain on sale of asset (2) — (110.4 ) Total Special items, net $ 3.8 $ (108.6 ) (1) During the third quarter of 2015, MillerCoors announced plans to close its brewery in Eden, North Carolina, in an effort to optimize the brewery footprint and streamline operations for greater efficiencies. Products produced in Eden were transitioned to other breweries in the U.S. supply chain network and the Eden brewery is now closed. For the three months ended March 31, 2017 , certain costs related to the closure of the brewery were recorded within special items. (2) As part of our ongoing strategic review of our Canadian supply chain network, we completed the sale of our Vancouver brewery on March 31, 2016 , resulting in a gain of $110.4 million within special items in the first quarter of 2016. This amount represents a non-cash investing activity on the unaudited condensed consolidated statement of cash flows for the three months ended March 31, 2016. The net cash proceeds of CAD 183.1 million ( $140.8 million ), remained in trust following the completion of the sale and were received on April 1, 2016. In conjunction with the sale of the brewery, we agreed to leaseback the existing property to continue operations on an uninterrupted basis while our new brewery is being constructed. We have evaluated this transaction pursuant to the accounting guidance for sale-leaseback transactions, and concluded that the relevant criteria had been met for full gain recognition. Additionally, during the three months ended March 31, 2017 , and March 31, 2016 , we incurred other abandonment charges, including accelerated depreciation charges in excess of normal depreciation of $1.2 million and $1.1 million , respectively, related to the planned closure of the Vancouver brewery. (3) As a result of our continued strategic review of our European supply chain network, for the three months ended March 31, 2017 , we incurred $2.6 million of charges associated with the planned closure of our Burton South brewery, of which $2.2 million represents accelerated depreciation charges in excess of our normal depreciation. For the three months ended March 31, 2016 , we incurred $2.3 million of charges associated with the planned closure of our Burton South and completed closures of our Plovdiv and Alton breweries, of which $1.9 million represents accelerated depreciation charges in excess of our normal depreciation. Restructuring Activities Beginning in 2016, restructuring initiatives related to the integration of MillerCoors after the completion of the Acquisition were implemented in order to operate a more efficient business and achieve cost saving targets which to-date resulted in reduced employment levels by approximately 63 employees. Severance costs related to these restructuring activities were recorded as special items within our unaudited condensed consolidated statements of operations. As we continually evaluate our cost structure and seek opportunities for further efficiencies and cost savings as part of these initiatives, we may incur additional restructuring related charges in the future, however, we are unable to estimate the amount of charges at this time. We have continued our ongoing assessment of our supply chain strategies across our segments in order to align with our cost saving objectives. As part of this strategic review, which began in 2014, we closed the Alton and Plovdiv breweries and we plan to close the Vancouver and Burton South breweries. As a result of these restructuring activities, we have reduced employment levels by 403 employees, of which 331 and 72 relate to 2015 and 2014 restructuring programs, respectively. Consequently, we recognized severance and other employee-related charges, which we have recorded as special items within our unaudited condensed consolidated statements of operations. We will continue to evaluate our supply chain network and seek opportunities for further efficiencies and cost savings, and we therefore may incur additional restructuring related charges or adjustments to previously recorded charges in the future, however, we are unable to estimate the amount of charges at this time. The accrued restructuring balances represent expected future cash payments required to satisfy the remaining severance obligations to terminated employees, the majority of which we expect to be paid in the next 12 to 21 months. The table below summarizes the activity in the restructuring accruals by segment: U.S. Canada Europe MCI Corporate Total (In millions) Total at December 31, 2016 $ 5.1 $ 5.9 $ 2.8 $ 0.2 $ 0.7 $ 14.7 Charges incurred 0.5 — — 0.3 0.1 0.9 Payments made (3.6 ) (0.4 ) (0.3 ) — — (4.3 ) Foreign currency and other adjustments — — — — — — Total at March 31, 2017 $ 2.0 $ 5.5 $ 2.5 $ 0.5 $ 0.8 $ 11.3 U.S. Canada Europe MCI Corporate Total (In millions) Total at December 31, 2015 $ — $ 2.3 $ 5.6 $ 1.3 $ — $ 9.2 Payments made — (0.1 ) (0.3 ) (1.3 ) — (1.7 ) Changes in estimates — — (1.6 ) — — (1.6 ) Foreign currency and other adjustments — 0.1 (0.1 ) — — — Total at March 31, 2016 $ — $ 2.3 $ 3.6 $ — $ — $ 5.9

Other Income and Expense

Other Income and Expense	3 Months Ended
	Mar. 31, 2017
Other Income and Expenses [Abstract]
Other Income and Expense	Other Income and Expense The table below summarizes other income and (expense): Three Months Ended March 31, 2017 March 31, 2016 (In millions) Bridge loan commitment fees (1) $ — $ (18.4 ) Gain (loss) from other foreign exchange and derivative activity, net (8.2 ) 3.7 Other, net (2) 8.6 (0.6 ) Other income (expense), net $ 0.4 $ (15.3 ) (1) During the first quarter 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 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.

Income Tax

Income Tax	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax	Income Tax Our effective tax rates for the first quarter of 2017 and 2016 were approximately 24% and 9% , respectively. Our effective tax rates were lower than the U.S. federal statutory rate of 35% primarily due to lower effective income tax rates applicable to our foreign businesses, driven by lower statutory income tax rates and tax planning impacts on statutory taxable income, as well as the impact of discrete items. The increase in the effective tax rate during the first quarter of 2017 versus 2016 , is primarily driven by the inclusion of 100% of MillerCoors' pretax income following the completion of the Acquisition, which is subject to the U.S. federal and state income tax rates, as well as the favorable impacts of tax benefits recognized in the prior year from transaction-related costs resulting from the Acquisition and favorable tax treatment associated with the sale of our Vancouver brewery in 2016. These drivers were partially offset by higher net discrete tax benefits in 2017, including an increase of excess tax benefits from share-based compensation in 2017. Specifically, our total net discrete tax benefit was $8.4 million in the first quarter of 2017 , versus a $5.7 million net discrete tax benefit recognized in the first quarter of 2016 . Our tax rate is volatile and may move up or down with changes in, among other things, the amount and source of income or loss, our ability to utilize foreign tax credits, excess tax benefits from share-based compensation, changes in tax laws, and the movement of liabilities established pursuant to accounting guidance for uncertain tax positions as statutes of limitations expire, positions are effectively settled, or when additional information becomes available. There are proposed or pending tax law changes in various jurisdictions and other changes to regulatory environments in countries in which we do business that, if enacted, may have an impact on our effective tax rate.

Earnings per Share ("EPS")

Earnings per Share ("EPS")	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings per Share ("EPS")	Earnings Per Share ("EPS") Basic EPS was computed using the weighted-average number of shares of common stock outstanding during the period. Diluted EPS includes the additional dilutive effect of our potentially dilutive securities, which include RSUs, DSUs, PSUs, stock options and SOSARs. The dilutive effects of our potentially dilutive securities are calculated using the treasury stock method. The following summarizes the effect of dilutive securities on diluted EPS: Three Months Ended March 31, 2017 March 31, 2016 (In millions, except per share amounts) Amounts attributable to Molson Coors Brewing Company: Net income (loss) from continuing operations $ 201.9 $ 163.2 Income (loss) from discontinued operations, net of tax (0.6 ) (0.5 ) Net income (loss) attributable to Molson Coors Brewing Company $ 201.3 $ 162.7 Weighted-average shares for basic EPS 215.0 203.6 Effect of dilutive securities: RSUs, DSUs, and PSUs 0.9 1.0 Stock options and SOSARs 0.6 0.5 Weighted-average shares for diluted EPS 216.5 205.1 Basic net income (loss) attributable to Molson Coors Brewing Company per share: From continuing operations $ 0.94 $ 0.80 From discontinued operations — — Basic net income (loss) attributable to Molson Coors Brewing Company per share $ 0.94 $ 0.80 Diluted net income (loss) attributable to Molson Coors Brewing Company per share: From continuing operations $ 0.93 $ 0.80 From discontinued operations — — Diluted net income (loss) attributable to Molson Coors Brewing Company per share $ 0.93 $ 0.80 Dividends declared and paid per share $ 0.41 $ 0.41 The following anti-dilutive securities were excluded from the computation of the effect of dilutive securities on diluted EPS: Three Months Ended March 31, 2017 March 31, 2016 (In millions) RSUs and stock options 0.2 0.1 Class B Common Stock Equity Issuance On February 3, 2016, we completed an underwritten public offering of our Class B common stock to partially fund the Acquisition, which increased the number of Class B common shares issued and outstanding by 29.9 million shares and received proceeds of $2.5 billion , net of issuance costs.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The following summarizes the change in goodwill for the three months ended March 31, 2017 : U.S. Canada Europe MCI Consolidated (In millions) Balance at December 31, 2016 $ 6,415.6 $ 567.6 $ 1,260.5 $ 6.4 $ 8,250.1 Foreign currency translation — 5.3 20.5 0.3 26.1 Balance at March 31, 2017 $ 6,415.6 $ 572.9 $ 1,281.0 $ 6.7 $ 8,276.2 The following table presents details of our intangible assets, other than goodwill, as of March 31, 2017 : Useful life Gross Accumulated amortization Net (Years) (In millions) Intangible assets subject to amortization: Brands 10 - 50 $ 4,939.8 $ (341.5 ) $ 4,598.3 License agreements and distribution rights 15 - 28 227.6 (92.5 ) 135.1 Other 2 - 40 133.0 (29.7 ) 103.3 Intangible assets not subject to amortization: Brands Indefinite 8,098.8 — 8,098.8 Distribution networks Indefinite 759.6 — 759.6 Other Indefinite 337.5 — 337.5 Total $ 14,496.3 $ (463.7 ) $ 14,032.6 The following table presents details of our intangible assets, other than goodwill, as of December 31, 2016 : Useful life Gross Accumulated amortization Net (Years) (In millions) Intangible assets subject to amortization: Brands 10 - 50 $ 4,876.3 $ (288.2 ) $ 4,588.1 License agreements and distribution rights 15 - 28 225.9 (89.4 ) 136.5 Other 2 - 40 129.3 (26.4 ) 102.9 Intangible assets not subject to amortization: Brands Indefinite 8,114.2 — 8,114.2 Distribution networks Indefinite 752.6 — 752.6 Other Indefinite 337.6 — 337.6 Total $ 14,435.9 $ (404.0 ) $ 14,031.9 The changes in the gross carrying amounts of intangibles from December 31, 2016 , to March 31, 2017 , are primarily driven by the impact of foreign exchange rates, as a significant amount of intangibles are denominated in foreign currencies. Based on foreign exchange rates as of March 31, 2017 , and the preliminary allocation of fair value to definite-lived intangible assets, the estimated future amortization expense of intangible assets is as follows: Fiscal year Amount (In millions) 2017 - remaining $ 161.5 2018 $ 214.4 2019 $ 213.4 2020 $ 212.4 2021 $ 207.0 Amortization expense of intangible assets was $55.2 million and $9.6 million for the three months ended March 31, 2017 , and March 31, 2016 , respectively. The increase in amortization expense over the prior year is primarily attributable to the addition of MillerCoors definite-lived intangible asset amortization following the completion of the Acquisition, as well as the reclassification of the Molson core brand intangible assets from indefinite to definite-lived following the completion of our annual impairment test as of October 1, 2016. This expense is presented within marketing, general and administrative expenses on the unaudited condensed consolidated statements of operations. We completed our required annual goodwill and indefinite-lived intangible impairment testing as of October 1, 2016, the first day of our fourth quarter, and concluded there were no impairments of goodwill within our Canada, Europe or India reporting units; however, an impairment charge was recorded on the Molson core brand intangible asset in Canada as a result of this review. Outside of the Molson core brands impairment, there were no other impairments of our indefinite-lived intangible assets as a result of the annual review process. Annual Goodwill Impairment Testing Our 2016 annual goodwill impairment testing determined that the fair value of our Canada reporting unit had declined, largely due to continued economic and competitive challenges negatively impacting our business, including sustained challenges facing the Molson core brands. Our Europe reporting unit continued to be considered at risk of failing step one of the goodwill impairment test. Specifically, the fair value of the Europe and Canada reporting units were estimated at approximately 14% and 29% in excess of carrying value, respectively, as of the October 1, 2016, testing date. The fair value of the India reporting unit approximated its carrying value, as there were no significant changes indicating a reduction in the fair value of the reporting unit since our completion of the interim impairment assessment during the second quarter of 2016 or annual impairment assessment as of October 1, 2016. Key Assumptions As of the date of our annual impairment test, performed as of October 1, the Europe reporting unit goodwill is at risk of future impairment in the event of significant unfavorable changes in the forecasted cash flows (including prolonged, or further weakening of, adverse economic conditions or significant unfavorable changes in tax, environmental or other regulations, including interpretations thereof), terminal growth rates, market multiples and/or weighted-average cost of capital utilized in the discounted cash flow analyses. For testing purposes, management's best estimates of the expected future results are the primary driver in determining the fair value. Current projections used for our Europe reporting unit testing reflect continued challenging environments in the future followed by growth resulting from a longer term recovery of the macroeconomic environment, as well as the benefit of anticipated cost savings and specific brand-building and innovation activities. Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions and factors. As a result, there can be no assurance that the estimates and assumptions made for purposes of the annual goodwill and indefinite-lived intangible impairment tests will prove to be an accurate prediction of the future. Examples of events or circumstances that could reasonably be expected to negatively affect the underlying key assumptions and ultimately impact the estimated fair value of our reporting units and indefinite-lived intangibles may include such items as: (i) a decrease in expected future cash flows, specifically, a decrease in sales volume and increase in costs that could significantly impact our immediate and long-range results, a decrease in sales volume driven by a prolonged weakness in consumer demand or other competitive pressures adversely affecting our long-term volume trends, a continuation of the trend away from core brands in certain of our markets, especially in markets where our core brands represent a significant portion of the market, unfavorable working capital changes and an inability to successfully achieve our cost savings targets, (ii) adverse changes in macroeconomic conditions or an economic recovery that significantly differs from our assumptions in timing and/or degree (such as a recession or worsening of the overall European economy), (iii) volatility in the equity and debt markets or other country specific factors which could result in a higher weighted-average cost of capital, (iv) sensitivity to market multiples; and (v) regulation limiting or banning the manufacturing, distribution or sale of alcoholic beverages. Based on known facts and circumstances, we evaluate and consider recent events and uncertain items, as well as related potential implications, as part of our annual assessment and incorporate into the analyses as appropriate. These facts and circumstances are subject to change and may impact future analyses. While historical performance and current expectations have resulted in fair values of our reporting units and indefinite-lived intangible assets in excess of carrying values, if our assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future. Indefinite and Definite-Lived Intangibles Regarding indefinite and definite-lived intangibles, we continuously monitor the performance of the underlying assets for potential triggering events suggesting an impairment review should be performed. No such triggering events were identified in the first quarter of 2017 .

Debt

Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt Debt obligations Our total borrowings as of March 31, 2017 , and December 31, 2016 , were comprised of the following: As of March 31, 2017 December 31, 2016 (In millions) Long-term debt: Senior notes (1)(2) $ 11,400.7 $ 9,842.2 Term loans (1)(3) 800.0 2,300.0 Other long-term debt 2.2 2.2 Less: unamortized debt discounts and debt issuance costs (84.5 ) (85.0 ) Less: current portion of long-term debt (675.3 ) (671.7 ) Total long-term debt $ 11,443.1 $ 11,387.7 Short-term borrowings: Commercial paper program (4) $ 130.0 $ — Cash pool overdrafts (5) 26.5 2.6 Short-term facilities (6) 8.6 7.0 Other short-term borrowings 2.6 3.5 Current portion of long-term debt 675.3 671.7 Current portion of long-term debt and short-term borrowings $ 843.0 $ 684.8 (1) As of March 31, 2017, and December 31, 2016, our senior notes consist of CAD senior notes of $1,801.9 million and $1,785.6 million , respectively, with maturities ranging from 2017 to 2026 ; USD senior notes of $8,214.0 million and $7,215.2 million , respectively, with maturities ranging from 2017 to 2046 ; and EUR senior notes of $1,384.8 million with maturities ranging from 2019 to 2024 and $841.4 million maturing in 2024 , respectively. As of March 31, 2017, and December 31, 2016, the aggregate weighted-average effective interest rates calculated including the effects of hedging were 2.95% and 3.33% , respectively. Our USD term loans have maturities in 2021 as of March 31, 2017, and maturities ranging from 2019 to 2021 as of December 31, 2016. As of March 31, 2017, and December 31, 2016, the aggregate weighted-average effective interest rates were 3.16% and 1.98% , respectively. (2) On March 15, 2017, MCBC issued approximately $1.5 billion of senior notes, consisting of $500 million 1.90% senior notes due March 15, 2019 , and $500 million 2.25% senior notes due March 15, 2020 (collectively, the "2017 USD Notes") and EUR 500 million floating rate senior notes due March 15, 2019 ("2017 EUR Notes") (2017 USD Notes and 2017 EUR Notes, collectively, the "2017 Notes"). We bear quarterly interest on the 2017 EUR Notes at the rate of 0.35% + 3-month EURIBOR . These issuances resulted in total proceeds of approximately $1.5 billion , net of underwriting fees and discounts of $3.1 million and $0.7 million , respectively. Total estimated debt issuance costs capitalized in connection with these notes, including underwriting fees, discounts and other financing related costs, are $6.1 million and are being amortized over the respective terms of the 2017 Notes. The 2017 Notes began accruing interest upon issuance, with quarterly payments due on the 2017 EUR Notes beginning June 15, 2017 and semi-annual payments due on the 2017 USD Notes beginning September 15, 2017. In the first quarter of 2017, we entered into interest rate swaps to economically convert our fixed rate 2017 USD Notes to floating rate debt. As a result of these hedge programs, the carrying value of the $500 million 1.90% notes and $500 million 2.25% notes include adjustments of $0.2 million and $0.1 million , respectively, for fair value movements attributable to the benchmark interest rate as of March 31, 2017 . Prior to issuing the 2017 EUR Notes, we entered into foreign currency forward agreements to economically hedge the foreign currency exposure of a portion of the respective notes, which were subsequently settled on March 15, 2017, concurrent with the issuance of the 2017 EUR Notes. Additionally, upon issuance we designated the 2017 EUR Notes as a net investment hedge of our Europe business. See Note 14, "Derivative Instruments and Hedging Activities" for further details. (3) During the first quarter of 2017, the net proceeds from the 2017 Notes were used to repay the remaining $800.0 million on our 3 -year tranche term loan due 2019 and make principal payments of $700.0 million on our 5 -year tranche term loan due 2021, and accordingly we accelerated the related amortization. For the three months ended March 31, 2017 , and 2016, $4.0 million and $1.8 million , respectively, was recorded to interest expense related to amortization of issuance and other financing costs associated with the term loan, including the accelerated amortization during the first quarter of 2017 noted above of $3.7 million . (4) As of March 31, 2017, the outstanding borrowings under our commercial paper program were $130.0 million at a weighted-average effective interest rate and tenor of 1.26% and 21 days. There were no outstanding borrowings under our commercial paper program as of December 31, 2016. (5) As of March 31, 2017 , we had $26.5 million in bank overdrafts and $38.2 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $11.7 million . As of December 31, 2016 , we had $2.6 million in bank overdrafts and $18.0 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $15.4 million . (6) We had total outstanding borrowings of $8.6 million and $7.0 million under our two Japanese Yen ("JPY") overdraft facilities as of March 31, 2017 , and December 31, 2016 , respectively. In addition, we have GBP and CAD lines of credit under which we had no borrowings as of March 31, 2017 , or December 31, 2016 . Debt Fair Value Measurements We utilize market approaches to estimate the fair value of certain outstanding borrowings by discounting anticipated future cash flows derived from the contractual terms of the obligations and observable market interest and foreign exchange rates. As of March 31, 2017 , and December 31, 2016 , the fair value of our outstanding long-term debt (including the current portion of long-term debt) was approximately $12.1 billion and $12.0 billion , respectively. All senior notes are valued based on significant observable inputs and classified as Level 2 in the fair value hierarchy. The carrying values of all other outstanding long-term borrowings and our short-term borrowings approximate their fair values and are also classified as Level 2 in the fair value hierarchy. Other As of March 31, 2017 , we had $620.0 million available to draw under our $750 million revolving multi-currency credit facility, as the borrowing capacity is reduced by borrowings under our commercial paper program, and we have no other borrowings drawn on this revolving credit facility. As of December 31, 2016 , we had $750 million available to draw under this facility as there were no outstanding borrowings on the revolving credit facility nor was there any outstanding commercial paper. As part of our anticipated financing for the Acquisition, we amended our $750 million revolving multi-currency credit facility during the fourth quarter of 2015, which became effective following the completion of the Acquisition on October 11, 2016, to increase the maximum leverage ratio to 5.75x debt to earnings before EBITDA, with a decline to 3.75x debt to EBITDA in the fourth year following the closing of the Acquisition. Subsequent to quarter end, we repaid our $300 million 2.0% notes on May 1, 2017 and also repaid $50.0 million on our 5 -year tranche term loan due 2021 utilizing borrowings under our commercial paper program, thereby further reducing our available borrowings under our $750 million revolving multi-credit facility. Under the terms of each of our debt facilities, we must comply with certain restrictions. These include restrictions on priority indebtedness (certain threshold percentages of secured consolidated net tangible assets), leverage thresholds, liens, and restrictions on certain types of sale lease-back transactions and transfers of assets. As of March 31, 2017 , we were in compliance with all of these restrictions and have met all debt payment obligations. All of our outstanding senior notes as of March 31, 2017 , rank pari-passu.

Inventories Inventories

Inventories Inventories	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net of reserves, consist of the following: As of March 31, 2017 December 31, 2016 (In millions) Finished goods $ 263.0 $ 213.8 Work in process 91.2 81.6 Raw materials 250.5 238.5 Packaging materials 58.8 58.8 Inventories, net $ 663.5 $ 592.7

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) ("AOCI") Accumulated Other Comprehensive Income (Loss) ("AOCI")	3 Months Ended
	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss) (AOCI)	Accumulated Other Comprehensive Income (Loss) ("AOCI") 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, 2016 $ (994.1 ) $ 21.2 $ (502.7 ) $ (69.9 ) $ (1,545.5 ) Foreign currency translation adjustments 75.2 — — — 75.2 Unrealized gain (loss) on derivative and non-derivative financial instruments — (12.2 ) — — (12.2 ) Reclassification of derivative (gain) loss to income — — — — — Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income — — 2.3 — 2.3 Ownership share of unconsolidated subsidiaries' other comprehensive income (loss) — — — 1.5 1.5 Tax benefit (expense) 6.0 3.6 (0.7 ) (0.4 ) 8.5 As of March 31, 2017 $ (912.9 ) $ 12.6 $ (501.1 ) $ (68.8 ) $ (1,470.2 ) Reclassifications from AOCI to income: Three Months Ended March 31, 2017 March 31, 2016 Reclassifications from AOCI Location of gain (loss) recognized in income (In millions) Gain/(loss) on cash flow hedges: Forward starting interest rate swaps $ (1.0 ) $ (0.9 ) Interest expense, net Foreign currency forwards (0.9 ) (1.9 ) Other income (expense), net Foreign currency forwards 1.9 5.4 Cost of goods sold Total income (loss) reclassified, before tax — 2.6 Income tax benefit (expense) — (0.2 ) Net income (loss) reclassified, net of tax $ — $ 2.4 Amortization of defined benefit pension and other postretirement benefit plan items: Prior service benefit (cost) $ (0.2 ) $ (0.2 ) (1) Net actuarial gain (loss) (2.1 ) (7.7 ) (1) Total income (loss) reclassified, before tax (2.3 ) (7.9 ) Income tax benefit (expense) 0.7 0.9 Net income (loss) reclassified, net of tax $ (1.6 ) $ (7.0 ) Total income (loss) reclassified, net of tax $ (1.6 ) $ (4.6 ) (1) These components of AOCI are included in the computation of net periodic pension and other postretirement benefit cost. See Note 15, "Pension and Other Postretirement Benefits" for additional details.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Our risk management and derivative accounting policies are presented in Notes 1 and 16 of the Notes included in our Annual Report and did not significantly change during the first quarter of 2017. As noted in Note 16 of the Notes included in our Annual Report, due to the nature of our counterparty agreements, and the fact that we are not subject to master netting arrangements, we are not able to net positions with the same counterparty and, therefore, present our derivative positions on a gross basis in our unaudited condensed consolidated balance sheets. Except as noted below, our significant derivative positions have not changed considerably since year-end. Interest Rate Swaps In the first quarter of 2017, we entered into interest rate swaps with an aggregate notional amount of $1.0 billion to economically convert our fixed rate $1.0 billion 2017 USD Notes to floating rate debt. We will receive fixed interest payments semi-annually at a rate of 1.90% and 2.25% per annum on our $500 million senior notes due March 15, 2019 , and $500 million senior notes due March 15, 2020 , respectively, and pay a rate to our counterparties based on a credit spread plus the one month LIBOR rate, thereby effectively exchanging a fixed interest obligation for a floating interest obligation. We entered into these interest rate swap agreements to minimize exposure to changes in the fair value of each of our $500 million notes that results from fluctuations in the benchmark interest rate, specifically LIBOR, and have designated these swaps as fair value hedges and determined that there is zero ineffectiveness. The changes in fair value of derivatives designated as fair value hedges and the offsetting changes in fair value of the hedged item are recognized in earnings. For the three months ended March 31, 2017, the total changes in fair value of the two $500 million interest rate swaps resulted in total unrealized losses of $0.3 million , which were recorded in interest expense in our unaudited condensed consolidated statement of operations and were fully offset by changes in fair value of the two $500 million notes attributable to the benchmark interest rate, also recorded to interest expense. See Note 11, "Debt" for additional details. Net Investment Hedges On March 15, 2017 , we issued an aggregate of EUR 500 million (approximately $530 million at issuance), three-month EURIBOR floating rate senior notes due March 15, 2019 . We simultaneously designated the principal of the 2017 EUR Notes as a net investment hedge of our investment in our Europe business in order to hedge a portion of the foreign currency translational impacts and accordingly, will record changes in the carrying value of the 2017 EUR Notes due to fluctuations in the spot rate to AOCI. See Note 11, "Debt" for further discussion. Foreign Currency Forwards Prior to issuing the 2017 EUR Notes on March 15, 2017 , we entered into foreign currency forward agreements in the first quarter of 2017 with a total notional amount of EUR 499.0 million , representing a majority of the anticipated net proceeds from the issuance of the respective 2017 EUR Notes, to economically hedge the foreign currency exposure of the associated notes against the USD prior to issuance and to convert the proceeds to USD upon issuance through gross settlement. We settled these foreign currency forwards on March 15, 2017 , resulting in a loss of $8.3 million . See Note 11, "Debt" for further details related to the issuance. These foreign currency forwards were not designated in hedge accounting relationships, and, accordingly, the mark-to-market fair value adjustments and resulting losses were recorded to other income (expense). Derivative Fair Value Measurements We utilize market approaches to estimate the fair value of our derivative instruments by discounting anticipated future cash flows derived from the derivative's contractual terms and observable market interest, foreign exchange and commodity rates. The fair values of our derivatives also include credit risk adjustments to account for our counterparties' credit risk, as well as our own non-performance risk, as appropriate. The table below summarizes our derivative assets and liabilities that were measured at fair value as of March 31, 2017 , and December 31, 2016 . Fair value measurements as of March 31, 2017 Total at March 31, 2017 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (In millions) Interest rate swaps $ (0.3 ) $ — $ (0.3 ) $ — Foreign currency forwards 7.8 — 7.8 — Commodity swaps 49.6 — 49.6 — Total $ 57.1 $ — $ 57.1 $ — Fair value measurements as of December 31, 2016 Total at December 31, 2016 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (In millions) Foreign currency forwards $ 14.4 $ — $ 14.4 $ — Commodity swaps (18.1 ) — (18.1 ) — Total $ (3.7 ) $ — $ (3.7 ) $ — As of March 31, 2017 , we had no significant transfers between Level 1 and Level 2. New derivative contracts transacted during the three months ended March 31, 2017 , were all included in Level 2. Results of Period Derivative Activity The tables below include the year-to-date results of our derivative activity in the unaudited condensed consolidated balance sheets as of March 31, 2017 , and December 31, 2016 , and the unaudited condensed consolidated statements of operations for the three months ended March 31, 2017 , and March 31, 2016 . Fair Value of Derivative Instruments in the Unaudited Condensed Consolidated Balance Sheet (in millions): March 31, 2017 Asset derivatives Liability derivatives Notional amount Balance sheet location Fair value Balance sheet location Fair value Derivatives designated as hedging instruments: Interest rate swaps $ 1,000.0 Other current assets $ — Accounts payable and other current liabilities $ — Other non-current assets — Other liabilities (0.3 ) Foreign currency forwards $ 332.0 Other current assets 8.3 Accounts payable and other current liabilities (0.8 ) Other non-current assets 1.4 Other liabilities (1.1 ) Total derivatives designated as hedging instruments $ 9.7 $ (2.2 ) Derivatives not designated as hedging instruments: Commodity swaps (1) $ 729.1 Other current assets $ 26.9 Accounts payable and other current liabilities $ (8.7 ) Other non-current assets 38.1 Other liabilities (6.7 ) Commodity Options (1) $ 13.6 Other current assets 0.1 Accounts payable and other current liabilities (0.1 ) Other non-current assets 0.1 Other liabilities (0.1 ) Total derivatives not designated as hedging instruments $ 65.2 $ (15.6 ) December 31, 2016 Asset derivatives Liability derivatives Notional amount Balance sheet location Fair value Balance sheet location Fair value Derivatives designated as hedging instruments: Foreign currency forwards $ 329.4 Other current assets $ 12.0 Accounts payable and other current liabilities $ (0.3 ) Other non-current assets 3.3 Other liabilities (0.6 ) Total derivatives designated as hedging instruments $ 15.3 $ (0.9 ) Derivatives not designated as hedging instruments: Commodity swaps (1) $ 791.4 Other current assets $ 11.8 Accounts payable and other current liabilities $ (23.3 ) Other non-current assets 12.6 Other liabilities (19.2 ) Commodity options (1) $ 13.6 Other current and non-current assets — Accounts payable and other current liabilities and other liabilities — Total derivatives not designated as hedging instruments $ 24.4 $ (42.5 ) (1) Notional includes offsetting buy and sell positions, shown in terms of absolute value. Buy and sell positions are shown gross in the asset and/or liability position, as appropriate. The Pretax Effect of Derivative Instruments on the Unaudited Condensed Consolidated Statement of Operations (in millions): For the Three Months Ended March 31, 2017 Derivatives in cash flow hedge relationships Amount of gain Location of gain (loss) Amount of gain Location of gain (loss) Amount of gain (loss) Forward starting interest rate swaps $ — Interest expense, net $ (1.0 ) Interest expense, net $ — Foreign currency forwards (5.5 ) Other income (expense), net (0.9 ) Other income (expense), net — Cost of goods sold 1.9 Cost of goods sold — Total $ (5.5 ) $ — $ — For the Three Months Ended March 31, 2017 Non-derivative financial instruments in net investment hedge relationships Amount of gain Location of gain (loss) Amount of gain Location of gain (loss) Amount of gain (loss) EUR 800 million notes due 2024 $ (10.8 ) Other income (expense), net $ — Other income (expense), net $ — EUR 500 million notes due 2019 4.1 Other income (expense), net — Other income (expense), net — Total $ (6.7 ) $ — $ — For the Three Months Ended March 31, 2017 Derivatives in fair value hedge relationships Amount of gain (loss) recognized in income on derivative Location of gain (loss)recognized in income Interest rate swaps $ (0.3 ) Interest expense, net Total $ (0.3 ) For the Three Months Ended March 31, 2016 Derivatives in cash flow hedge relationships Amount of gain (loss) recognized in OCI on derivative (effective portion) Location of gain (loss) reclassified from AOCI into income (effective portion) Amount of gain (loss) recognized from AOCI on derivative (effective portion) Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Forward starting interest rate swaps $ — Interest expense, net $ (0.9 ) Interest expense, net $ — Foreign currency forwards (21.6 ) Other income (expense), net (1.9 ) Other income (expense), net — Cost of goods sold 5.4 Cost of goods sold — Total $ (21.6 ) $ 2.6 $ — We expect net gains of approximately $4 million (pretax) recorded in AOCI at March 31, 2017 , will be reclassified into earnings within the next 12 months. For derivatives designated in cash flow hedge relationships, the maximum length of time over which forecasted transactions are hedged at March 31, 2017 , is approximately three years. Other Derivatives (in millions): For the Three Months Ended March 31, 2017 Derivatives not in hedging relationships Location of gain (loss) recognized in income on derivative Amount of gain (loss) recognized in income on derivative Commodity swaps Cost of goods sold $ 65.7 Foreign currency forwards Other income (expense), net (8.3 ) Total $ 57.4 In the first quarter of 2017, the total gain recognized in income related to commodity swaps was driven by higher commodity prices. For the Three Months Ended March 31, 2016 Derivatives not in hedging relationships Location of gain (loss) recognized in income on derivative Amount of gain (loss) recognized in income on derivative Commodity swaps Cost of goods sold $ (1.6 ) Foreign currency forwards Other income (expense), net (0.1 ) Swaptions Interest expense, net (21.1 ) Total $ (22.8 )

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits ("OPEB") For the Three Months Ended March 31, 2017 March 31, 2016 Pension OPEB Consolidated Pension OPEB Consolidated (In millions) Net periodic pension and OPEB cost (benefit): Service cost $ 1.8 $ 2.6 $ 4.4 $ 1.8 $ 0.6 $ 2.4 Interest cost 51.5 7.6 59.1 31.9 1.3 33.2 Expected return on plan assets (66.1 ) 0.1 (66.0 ) (39.5 ) — (39.5 ) Amortization of prior service cost (benefit) 0.2 — 0.2 0.2 — 0.2 Amortization of net actuarial loss 5.0 — 5.0 7.7 — 7.7 Curtailment (gain) — (2.9 ) (2.9 ) — — — Less: expected participant contributions (0.2 ) — (0.2 ) (0.1 ) — (0.1 ) Net periodic pension and OPEB cost (benefit) $ (7.8 ) $ 7.4 $ (0.4 ) $ 2.0 $ 1.9 $ 3.9 During the three months ended March 31, 2017 , employer contributions to the defined benefit pension plans were approximately $36 million . Total 2017 employer contributions to the defined benefit plans are expected to be approximately $100 million to $120 million , based on foreign exchange rates as of March 31, 2017 . MillerCoors' pension and OPEB expenses are not included in the three months ended March 31, 2016 , as prior to the completion of the Acquisition on October 11, 2016 , MillerCoors' pension and OPEB expenses were reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. BRI and BDL contributions to their defined benefit pension plans are not included above, as they are not consolidated in our financial statements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Discontinued Operations Kaiser In 2006, we sold our entire equity interest in our Brazilian unit, Cervejarias Kaiser Brasil S.A. ("Kaiser") to FEMSA Cerveza S.A. de C.V. ("FEMSA"). The terms of the sale agreement require us to indemnify FEMSA for certain exposures related to tax, civil and labor contingencies arising prior to FEMSA's purchase of Kaiser. In addition, we provided an indemnity to FEMSA for losses Kaiser may incur with respect to tax claims associated with certain previously utilized purchased tax credits. The discontinued operations balances within the current and non-current liabilities of our unaudited condensed consolidated balance sheets consist entirely of our estimates of these liabilities. These liabilities are denominated in Brazilian Reais and are therefore subject to foreign exchange gains or losses, which are recognized in the discontinued operations section of the unaudited condensed consolidated statements of operations. There have been no changes in the underlying liabilities since December 31, 2016 ; therefore, all changes in the current and non-current liabilities of discontinued operations during the first quarter of 2017 are due to fluctuations in foreign exchange rates from December 31, 2016 , to March 31, 2017 . During the three months ended March 31, 2017 , and March 31, 2016 , we recognized unrealized foreign exchange losses of $0.6 million and $0.5 million , respectively, from discontinued operations associated with foreign exchange movements related to indemnities we provided to FEMSA. Our exposure related to the tax, civil and labor indemnity claims is capped at the amount of the sales price of the 68% equity interest of Kaiser, which was $68.0 million . Separately, the maximum potential claims amount remaining for the purchased tax credits was $112.1 million , based on foreign exchange rates as of March 31, 2017 . Future settlement procedures and related negotiation activities associated with these contingencies are largely outside of our control. Due to the uncertainty involved with the ultimate outcome and timing of these contingencies, significant adjustments to the carrying values of the indemnity obligations have been recorded to date, and additional future adjustments may be required. Guarantees We guarantee indebtedness and other obligations to banks and other third parties for some of our equity method investments and consolidated subsidiaries. As of March 31, 2017 , and December 31, 2016 , accounts payable and other current liabilities in the unaudited condensed consolidated balance sheets includes $48.8 million and $31.7 million , respectively, related to the guarantee of the indebtedness of our equity method investments. See Note 4, "Acquisition and Investments" for further detail. Additionally, related to our previous ownership in the Montréal Canadiens, we guarantee its obligations under a ground lease for the Bell Centre Arena (the "Ground Lease Guarantee"). Upon sale of our interest, the new owners agreed to indemnify us in connection with the liabilities we may incur under the Ground Lease Guarantee and provided us with a CAD 10 million letter of credit to guarantee such indemnity. This transaction did not materially affect our risk exposure related to the Ground Lease Guarantee, which continues to be recognized as a liability on our unaudited condensed consolidated balance sheets. Other liabilities in the unaudited condensed consolidated balance sheets include $4.5 million as of March 31, 2017 , and $4.4 million as of December 31, 2016 , related to the Ground Lease Guarantee, both of which are classified as non-current. Litigation, Other Disputes and Environmental Related to litigation, other disputes and environmental issues, we have accrued an aggregate of $26.0 million as of March 31, 2017 , and $27.7 million as of December 31, 2016 . While we cannot predict the eventual aggregate cost for environmental and related matters in which we are currently involved, we believe adequate reserves have been provided for losses that are probable and estimable. Further, we believe that any payments, if required, for these matters would be made over a period of time in amounts that would not be material in any one year to our results from operations, cash flows or our financial or competitive position. Additionally, we believe that any reasonably possible losses in excess of the amounts accrued are immaterial to our unaudited condensed consolidated financial statements, except as noted below. In addition to the specific cases discussed below, we are involved in other disputes and legal actions arising in the ordinary course of our business. While it is not feasible to predict or determine the outcome of these proceedings, in our opinion, based on a review with legal counsel, other than as discussed below, none of these disputes or legal actions are expected to have a material impact on our business, consolidated financial position, results of operations or cash flows. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. Each year since 2014, we have received assessments from a local country regulatory authority related to indirect tax calculations in our Europe operations. The aggregate amount of the assessments received through the first quarter of 2017 is approximately $136 million based on foreign exchange rates at March 31, 2017 . Based on the assessments received and related impacts, we estimate a current range of loss of up to approximately $142 million , based on foreign exchange rates at March 31, 2017 , excluding consideration of interest and penalties. Since their issuance, we have challenged the validity of these assessments and defended our position regarding our method of calculation, including by following the required regulatory procedures in order to proceed with an appeal of the assessments. During the fourth quarter of 2016, following discussions with the regulatory authority and consideration of existing facts and circumstances at that time, we concluded that a portion of this estimated range of loss was deemed probable. As a result, we recorded a charge of approximately $50 million , based on foreign exchange rates at December 31, 2016, within the excise taxes line item on the consolidated statement of operations for the year ended December 31, 2016. During the first quarter of 2017, a local jurisdictional court heard evidence in this matter and subsequently ruled in our favor in April 2017. Based on this favorable ruling, we released this provision in the first quarter of 2017 as we no longer deem this loss probable. This resulted in a benefit of approximately $50 million , based on foreign exchange rates at March 31, 2017, recorded within the excise taxes line item on the unaudited consolidated statement of operations for the quarter ended March, 31, 2017. While this determination to release the contingency loss is based on the local court ruling in April 2017, the ultimate outcome of the assessments remains uncertain at this time as the ruling remains subject to appeal. The indirect tax calculation methodology challenged in the assessments continues to be applied by us, and, as a result of the fact that the decision of the local court may be appealed, the related range of loss is expected to increase until ultimately resolved. If the assessments, as issued by the regulatory authority, are ultimately upheld or if the relevant statutory provisions or interpretations at issue are changed, it could have a material adverse effect on our European results of operations and operating income. Such an adverse ultimate determination or change also could materially affect our results of operations, including excise taxes, net sales and resulting impacts to other financial statement line items. Litigation and Other Disputes On December 12, 2014, a notice of action captioned David Hughes and 631992 Ontario Inc. v. Liquor Control Board of Ontario ("LCBO"), Brewers Retail Inc., Labatt Breweries of Canada LP, Molson Coors Canada and Sleeman Breweries Ltd. No. CV-14-518059-00CP was filed in Ontario, Canada in the Ontario Superior Court of Justice. BRI and its owners, including Molson Coors Canada, as well as the LCBO are named as defendants in the action. The plaintiffs allege that The Beer Store (retail outlets owned and operated by BRI) and LCBO improperly entered into an agreement to fix prices and market allocation within the Ontario beer market to the detriment of licensees and consumers. The plaintiffs seek to have the claim certified as a class action on behalf of all Ontario beer consumers and licensees and, among other things, damages in the amount of approximately CAD 1.4 billion . We note that The Beer Store operates according to the rules established by the Government of Ontario for regulation, sale and distribution of beer in the province. Additionally, prices at The Beer Store are independently set by each brewer and are approved by the LCBO on a weekly basis. As such, we currently believe the claim has been made without merit, and we intend to vigorously assert and defend our rights in this lawsuit. Environmental Canada Our Canada brewing operations are subject to provincial environmental regulations and local permit requirements. Our Montréal and Toronto breweries have water treatment facilities to pre-treat waste water before it goes to the respective local governmental facility for final treatment. We have environmental programs in Canada including organization, monitoring and verification, regulatory compliance, reporting, education and training, and corrective action. We sold a chemical specialties business in 1996. We are still responsible for certain aspects of environmental remediation, undertaken or planned, at those chemical specialties business locations. We have established provisions for the costs of these remediation programs. United States We were previously notified that we are or may be a potentially responsible party ("PRP") under the Comprehensive Environmental Response, Compensation and Liability Act or similar state laws for the cleanup of sites where hazardous substances have allegedly been released into the environment. We cannot predict with certainty the total costs of cleanup, our share of the total cost, the extent to which contributions will be available from other parties, the amount of time necessary to complete the cleanups or insurance coverage. Lowry We are one of a number of entities named by the Environmental Protection Agency ("EPA") as a PRP at the Lowry Superfund site. This landfill is owned by the City and County of Denver ("Denver") and is managed by Waste Management of Colorado, Inc. ("Waste Management"). In 1990, we recorded a pretax charge of $30 million , a portion of which was put into a trust in 1993 as part of a settlement with Denver and Waste Management regarding the then-outstanding litigation. Our settlement was based on an assumed remediation cost of $120 million (in 1992 adjusted dollars). We are obligated to pay a portion of future costs, if any, in excess of that amount. Waste Management provides us with updated annual cost estimates through 2032. We review these cost estimates in the assessment of our accrual related to this issue. We use certain assumptions that differ from Waste Management's estimates to assess our expected liability. Our expected liability (based on the $120 million threshold being met) is based on our best estimates available. The assumptions used are as follows: • trust management costs are included in projections with regard to the $120 million threshold, but are expensed only as incurred; • income taxes, which we believe are not an included cost, are excluded from projections with regard to the $120 million threshold; • a 2.5% inflation rate for future costs; and • certain operations and maintenance costs were discounted using a 2.71% risk-free rate of return. Based on these assumptions, the present value and gross amount of the costs at March 31, 2017 , are approximately $3 million and $6 million , respectively. We did not assume any future recoveries from insurance companies in the estimate of our liability, and none are expected. Considering the estimates extend through the year 2032 and the related uncertainties at the site, including what additional remedial actions may be required by the EPA, new technologies and what costs are included in the determination of when the $120 million is reached, the estimate of our liability may change as further facts develop. We cannot predict the amount of any such change, but additional accruals in the future are possible. Other In prior years, we were notified by the EPA and certain state environmental divisions that we are a PRP, along with other parties, at the Cooper Drum site in southern California, the East Rutherford and Berry's Creek sites in New Jersey and the Chamblee site in Georgia. Certain former non-beer business operations, which we discontinued use of and subsequently sold, were involved at these sites. Potential losses associated with these sites could increase as remediation planning progresses. We are aware of groundwater contamination at some of our properties in Colorado resulting from historical, ongoing, or nearby activities. There may also be other contamination of which we are currently unaware. Europe and MCI We are subject to the requirements of governmental and local environmental and occupational health and safety laws and regulations within each of the countries in which we operate. Compliance with these laws and regulations did not materially affect our capital expenditures, results of operations or our financial or competitive position for the first quarter of 2017, and we do not anticipate that they will do so during the remainder of the year.

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information For purposes of this Note 17 , including the tables, "Parent Issuer" shall mean MCBC. "Subsidiary Guarantors" shall mean certain Canadian and U.S. subsidiaries reflecting the substantial operations of each of our Canada and U.S. segments. SEC Registered Securities On May 3, 2012, MCBC issued $1.9 billion of senior notes, in a registered public offering, consisting of $300 million 2.0% senior notes due 2017, $500 million 3.5% senior notes due 2022, and $1.1 billion 5.0% senior notes due 2042. Additionally, on July 7, 2016, MCBC issued $500 million 1.45% senior notes due 2019, $1.0 billion 2.10% senior notes due 2021, $2.0 billion 3.0% senior notes due 2026, $1.8 billion 4.2% senior notes due 2046 and EUR $800.0 million 1.25% senior notes due 2024, in a registered public offering. "Parent Issuer" in the below tables is specifically referring to MCBC in its capacity as the issuer of these 2012 and 2016 issuances. These senior notes are guaranteed on a senior unsecured basis by the Subsidiary Guarantors. Each of the Subsidiary Guarantors is 100% owned by the Parent Issuer. The guarantees are full and unconditional and joint and several. None of our other outstanding debt is registered with the SEC, and such other outstanding debt is guaranteed on a senior unsecured basis by the Parent and/or Subsidiary Guarantors. These guarantees are full and unconditional and joint and several. See Note 11, "Debt" for details of all debt issued and outstanding as of March 31, 2017 . Presentation In conjunction with the debt issued July 7, 2016, and as disclosed within Exhibit 99.1 of the Current Report on Form 8-K filed with the SEC on June 28, 2016, we released Molson Coors Brewing Company (U.K.) Limited, our primary U.K. operating entity, Golden Acquisition and Molson Coors Holdings Limited as subsidiary guarantors of our existing and future debt obligations, as evidenced by the supplemental indentures dated May 13, 2016. Accordingly, the 2016 financial information included below has been recast to reflect the release of these entities as subsidiary guarantors. The following information sets forth the unaudited condensed consolidating statements of operations for the three months ended March 31, 2017 , and March 31, 2016 , unaudited condensed consolidating balance sheets as of March 31, 2017 , and December 31, 2016 , and unaudited condensed consolidating statements of cash flows for the three months ended March 31, 2017 , and March 31, 2016 . Investments in subsidiaries are accounted for under the equity method; accordingly, entries necessary to consolidate the Parent Issuer and all of our guarantor and non-guarantor subsidiaries are reflected in the eliminations column. In the opinion of management, separate complete financial statements of MCBC and the Subsidiary Guarantors would not provide additional material information that would be useful in assessing their financial composition. MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 7.0 $ 2,376.6 $ 650.0 $ (119.8 ) $ 2,913.8 Excise taxes — (325.7 ) (139.4 ) — (465.1 ) Net sales 7.0 2,050.9 510.6 (119.8 ) 2,448.7 Cost of goods sold — (1,143.0 ) (339.4 ) 109.5 (1,372.9 ) Gross profit 7.0 907.9 171.2 (10.3 ) 1,075.8 Marketing, general and administrative expenses (67.7 ) (497.6 ) (147.8 ) 10.3 (702.8 ) Special items, net (0.5 ) (0.7 ) (2.6 ) — (3.8 ) Equity income (loss) in subsidiaries 338.8 (78.1 ) 19.0 (279.7 ) — Operating income (loss) 277.6 331.5 39.8 (279.7 ) 369.2 Interest income (expense), net (81.1 ) 58.9 (74.4 ) — (96.6 ) Other income (expense), net (8.2 ) 16.7 (8.1 ) — 0.4 Income (loss) from continuing operations before income taxes 188.3 407.1 (42.7 ) (279.7 ) 273.0 Income tax benefit (expense) 13.0 (68.1 ) (9.5 ) — (64.6 ) Net income (loss) from continuing operations 201.3 339.0 (52.2 ) (279.7 ) 208.4 Income (loss) from discontinued operations, net of tax — — (0.6 ) — (0.6 ) Net income (loss) including noncontrolling interests 201.3 339.0 (52.8 ) (279.7 ) 207.8 Net (income) loss attributable to noncontrolling interests — — (6.5 ) — (6.5 ) Net income (loss) attributable to MCBC $ 201.3 $ 339.0 $ (59.3 ) $ (279.7 ) $ 201.3 Comprehensive income (loss) attributable to MCBC $ 276.6 $ 412.9 $ (13.8 ) $ (399.1 ) $ 276.6 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (IN MILLIONS) (UNAUDITED) AS RECAST FOR CHANGE IN GUARANTORS Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 6.6 $ 375.9 $ 595.3 $ (27.0 ) $ 950.8 Excise taxes — (84.0 ) (209.6 ) — (293.6 ) Net sales 6.6 291.9 385.7 (27.0 ) 657.2 Cost of goods sold — (163.7 ) (270.4 ) 20.1 (414.0 ) Gross profit 6.6 128.2 115.3 (6.9 ) 243.2 Marketing, general and administrative expenses (47.0 ) (79.8 ) (131.0 ) 6.9 (250.9 ) Special items, net — 109.3 (0.7 ) — 108.6 Equity income (loss) in subsidiaries 215.8 (113.4 ) 149.3 (251.7 ) — Equity income in MillerCoors — 142.4 — — 142.4 Operating income (loss) 175.4 186.7 132.9 (251.7 ) 243.3 Interest income (expense), net (39.9 ) 69.2 (76.6 ) — (47.3 ) Other income (expense), net (18.3 ) 4.6 (1.6 ) — (15.3 ) Income (loss) from continuing operations before income taxes 117.2 260.5 54.7 (251.7 ) 180.7 Income tax benefit (expense) 45.5 (85.4 ) 23.2 — (16.7 ) Net income (loss) from continuing operations 162.7 175.1 77.9 (251.7 ) 164.0 Income (loss) from discontinued operations, net of tax — — (0.5 ) — (0.5 ) Net income (loss) including noncontrolling interests 162.7 175.1 77.4 (251.7 ) 163.5 Net (income) loss attributable to noncontrolling interests — — (0.8 ) — (0.8 ) Net income (loss) attributable to MCBC $ 162.7 $ 175.1 $ 76.6 $ (251.7 ) $ 162.7 Comprehensive income (loss) attributable to MCBC $ 419.7 $ 408.8 $ 99.4 $ (508.2 ) $ 419.7 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 7.0 $ 2,376.6 $ 650.0 $ (119.8 ) $ 2,913.8 Excise taxes — (325.7 ) (139.4 ) — (465.1 ) Net sales 7.0 2,050.9 510.6 (119.8 ) 2,448.7 Cost of goods sold — (1,143.0 ) (339.4 ) 109.5 (1,372.9 ) Gross profit 7.0 907.9 171.2 (10.3 ) 1,075.8 Marketing, general and administrative expenses (67.7 ) (497.6 ) (147.8 ) 10.3 (702.8 ) Special items, net (0.5 ) (0.7 ) (2.6 ) — (3.8 ) Equity income (loss) in subsidiaries 338.8 (78.1 ) 19.0 (279.7 ) — Operating income (loss) 277.6 331.5 39.8 (279.7 ) 369.2 Interest income (expense), net (81.1 ) 58.9 (74.4 ) — (96.6 ) Other income (expense), net (8.2 ) 16.7 (8.1 ) — 0.4 Income (loss) from continuing operations before income taxes 188.3 407.1 (42.7 ) (279.7 ) 273.0 Income tax benefit (expense) 13.0 (68.1 ) (9.5 ) — (64.6 ) Net income (loss) from continuing operations 201.3 339.0 (52.2 ) (279.7 ) 208.4 Income (loss) from discontinued operations, net of tax — — (0.6 ) — (0.6 ) Net income (loss) including noncontrolling interests 201.3 339.0 (52.8 ) (279.7 ) 207.8 Net (income) loss attributable to noncontrolling interests — — (6.5 ) — (6.5 ) Net income (loss) attributable to MCBC $ 201.3 $ 339.0 $ (59.3 ) $ (279.7 ) $ 201.3 Comprehensive income (loss) attributable to MCBC $ 276.6 $ 412.9 $ (13.8 ) $ (399.1 ) $ 276.6 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (IN MILLIONS) (UNAUDITED) AS RECAST FOR CHANGE IN GUARANTORS Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 6.6 $ 375.9 $ 595.3 $ (27.0 ) $ 950.8 Excise taxes — (84.0 ) (209.6 ) — (293.6 ) Net sales 6.6 291.9 385.7 (27.0 ) 657.2 Cost of goods sold — (163.7 ) (270.4 ) 20.1 (414.0 ) Gross profit 6.6 128.2 115.3 (6.9 ) 243.2 Marketing, general and administrative expenses (47.0 ) (79.8 ) (131.0 ) 6.9 (250.9 ) Special items, net — 109.3 (0.7 ) — 108.6 Equity income (loss) in subsidiaries 215.8 (113.4 ) 149.3 (251.7 ) — Equity income in MillerCoors — 142.4 — — 142.4 Operating income (loss) 175.4 186.7 132.9 (251.7 ) 243.3 Interest income (expense), net (39.9 ) 69.2 (76.6 ) — (47.3 ) Other income (expense), net (18.3 ) 4.6 (1.6 ) — (15.3 ) Income (loss) from continuing operations before income taxes 117.2 260.5 54.7 (251.7 ) 180.7 Income tax benefit (expense) 45.5 (85.4 ) 23.2 — (16.7 ) Net income (loss) from continuing operations 162.7 175.1 77.9 (251.7 ) 164.0 Income (loss) from discontinued operations, net of tax — — (0.5 ) — (0.5 ) Net income (loss) including noncontrolling interests 162.7 175.1 77.4 (251.7 ) 163.5 Net (income) loss attributable to noncontrolling interests — — (0.8 ) — (0.8 ) Net income (loss) attributable to MCBC $ 162.7 $ 175.1 $ 76.6 $ (251.7 ) $ 162.7 Comprehensive income (loss) attributable to MCBC $ 419.7 $ 408.8 $ 99.4 $ (508.2 ) $ 419.7 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 41.9 $ 91.4 $ 261.7 $ — $ 395.0 Accounts receivable, net — 436.1 320.4 — 756.5 Other receivables, net 44.5 76.7 45.3 — 166.5 Inventories, net — 517.5 146.0 — 663.5 Other current assets, net 16.0 207.3 74.4 — 297.7 Intercompany accounts receivable — 1,219.0 48.0 (1,267.0 ) — Total current assets 102.4 2,548.0 895.8 (1,267.0 ) 2,279.2 Properties, net 27.0 3,456.4 1,045.4 — 4,528.8 Goodwill — 6,649.7 1,626.5 — 8,276.2 Other intangibles, net — 12,160.0 1,872.6 — 14,032.6 Net investment in and advances to subsidiaries 22,933.3 3,460.6 4,436.1 (30,830.0 ) — Other assets 80.7 178.1 202.3 (35.0 ) 426.1 Total assets $ 23,143.4 $ 28,452.8 $ 10,078.7 $ (32,132.0 ) $ 29,542.9 Liabilities and equity Current liabilities: Accounts payable and other current liabilities $ 129.9 $ 1,379.8 $ 690.8 $ — $ 2,200.5 Current portion of long-term debt and short-term borrowings 430.0 375.1 37.9 — 843.0 Discontinued operations — — 5.2 — 5.2 Intercompany accounts payable 951.9 120.5 194.6 (1,267.0 ) — Total current liabilities 1,511.8 1,875.4 928.5 (1,267.0 ) 3,048.7 Long-term debt 10,021.4 1,421.6 0.1 — 11,443.1 Pension and postretirement benefits 2.6 1,141.9 13.4 — 1,157.9 Deferred tax liabilities — 1,015.6 782.0 (35.0 ) 1,762.6 Other liabilities 10.4 206.5 90.3 — 307.2 Discontinued operations — — 13.1 — 13.1 Intercompany notes payable — 1,360.3 5,952.7 (7,313.0 ) — Total liabilities 11,546.2 7,021.3 7,780.1 (8,615.0 ) 17,732.6 MCBC stockholders' equity 11,598.3 27,383.0 3,447.0 (30,830.0 ) 11,598.3 Intercompany notes receivable (1.1 ) (5,951.5 ) (1,360.4 ) 7,313.0 — Total stockholders' equity 11,597.2 21,431.5 2,086.6 (23,517.0 ) 11,598.3 Noncontrolling interests — — 212.0 — 212.0 Total equity 11,597.2 21,431.5 2,298.6 (23,517.0 ) 11,810.3 Total liabilities and equity $ 23,143.4 $ 28,452.8 $ 10,078.7 $ (32,132.0 ) $ 29,542.9 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2016 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 147.3 $ 141.5 $ 272.1 $ — $ 560.9 Accounts receivable, net — 374.8 294.7 — 669.5 Other receivables, net 43.6 53.8 38.4 — 135.8 Inventories, net — 466.6 126.1 — 592.7 Other current assets, net 1.3 139.3 70.1 — 210.7 Intercompany accounts receivable — 1,098.5 36.0 (1,134.5 ) — Total current assets 192.2 2,274.5 837.4 (1,134.5 ) 2,169.6 Properties, net 27.5 3,459.9 1,020.0 — 4,507.4 Goodwill — 6,647.5 1,602.6 — 8,250.1 Other intangibles, net — 12,180.4 1,851.5 — 14,031.9 Net investment in and advances to subsidiaries 22,506.3 3,475.4 4,400.9 (30,382.6 ) — Other assets 80.2 161.7 173.4 (32.8 ) 382.5 Total assets $ 22,806.2 $ 28,199.4 $ 9,885.8 $ (31,549.9 ) $ 29,341.5 Liabilities and equity Current liabilities: Accounts payable and other current liabilities $ 203.6 $ 1,493.5 $ 770.6 $ — $ 2,467.7 Current portion of long-term debt and short-term borrowings 299.9 371.7 13.2 — 684.8 Discontinued operations — — 5.0 — 5.0 Intercompany accounts payable 893.5 101.8 139.2 (1,134.5 ) — Total current liabilities 1,397.0 1,967.0 928.0 (1,134.5 ) 3,157.5 Long-term debt 9,979.4 1,408.2 0.1 — 11,387.7 Pension and postretirement benefits 2.6 1,181.2 12.2 — 1,196.0 Deferred tax liabilities — 972.0 759.8 (32.8 ) 1,699.0 Other liabilities 9.6 229.2 28.2 — 267.0 Discontinued operations — — 12.6 — 12.6 Intercompany notes payable — 1,360.3 5,868.4 (7,228.7 ) — Total liabilities 11,388.6 7,117.9 7,609.3 (8,396.0 ) 17,719.8 MCBC stockholders' equity 11,418.7 26,948.9 3,433.7 (30,382.6 ) 11,418.7 Intercompany notes receivable (1.1 ) (5,867.4 ) (1,360.2 ) 7,228.7 — Total stockholders' equity 11,417.6 21,081.5 2,073.5 (23,153.9 ) 11,418.7 Noncontrolling interests — — 203.0 — 203.0 Total equity 11,417.6 21,081.5 2,276.5 (23,153.9 ) 11,621.7 Total liabilities and equity $ 22,806.2 $ 28,199.4 $ 9,885.8 $ (31,549.9 ) $ 29,341.5 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (172.4 ) $ 141.5 $ (87.4 ) $ — $ (118.3 ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to properties (3.8 ) (142.1 ) (34.1 ) — (180.0 ) Proceeds from sales of properties and other assets — 0.2 41.8 — 42.0 Other — — 5.9 — 5.9 Net intercompany investing activity — (42.6 ) — 42.6 — Net cash provided by (used in) investing activities (3.8 ) (184.5 ) 13.6 42.6 (132.1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Exercise of stock options under equity compensation plans 0.3 — — — 0.3 Dividends paid (80.8 ) — (7.5 ) — (88.3 ) Debt issuance costs (3.7 ) — — — (3.7 ) Payments on debt and borrowings (1,500.0 ) — (1.1 ) — (1,501.1 ) Proceeds on debt and borrowings 1,536.0 — — — 1,536.0 Net proceeds from (payments on) revolving credit facilities and commercial paper 129.9 — 1.1 — 131.0 Change in overdraft balances and other (10.9 ) (7.7 ) 24.7 — 6.1 Net intercompany financing activity — — 42.6 (42.6 ) — Net cash provided by (used in) financing activities 70.8 (7.7 ) 59.8 (42.6 ) 80.3 CASH AND CASH EQUIVALENTS: Net increase (decrease) in cash and cash equivalents (105.4 ) (50.7 ) (14.0 ) — (170.1 ) Effect of foreign exchange rate changes on cash and cash equivalents — 0.6 3.6 — 4.2 Balance at beginning of year 147.3 141.5 272.1 — 560.9 Balance at end of period $ 41.9 $ 91.4 $ 261.7 $ — $ 395.0 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (IN MILLIONS) (UNAUDITED) AS RECAST FOR CHANGE IN GUARANTORS Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (157.1 ) $ 147.5 $ (78.7 ) $ — $ (88.3 ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to properties (7.2 ) (21.5 ) (42.4 ) — (71.1 ) Proceeds from sales of properties and other assets — 1.3 1.1 — 2.4 Investment in MillerCoors — (413.7 ) — — (413.7 ) Return of capital from MillerCoors — 283.4 — — 283.4 Other — — (6.5 ) — (6.5 ) Net intercompany investing activity — (66.1 ) — 66.1 — Net cash provided by (used in) investing activities (7.2 ) (216.6 ) (47.8 ) 66.1 (205.5 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock, net 2,526.4 — — — 2,526.4 Exercise of stock options under equity compensation plans 4.2 — — — 4.2 Dividends paid (80.5 ) — (7.8 ) — (88.3 ) Debt issuance costs (14.2 ) — — — (14.2 ) Payments on debt and borrowings — — (10.3 ) — (10.3 ) Proceeds on debt and borrowings — — 20.9 — 20.9 Net proceeds from (payments on) revolving credit facilities and commercial paper — — 2.5 — 2.5 Change in overdraft balances and other (1.5 ) — 18.8 — 17.3 Net intercompany financing activity — — 66.1 (66.1 ) — Net cash provided by (used in) financing activities 2,434.4 — 90.2 (66.1 ) 2,458.5 CASH AND CASH EQUIVALENTS: Net increase (decrease) in cash and cash equivalents 2,270.1 (69.1 ) (36.3 ) — 2,164.7 Effect of foreign exchange rate changes on cash and cash equivalents — 4.7 2.6 — 7.3 Balance at beginning of year 146.4 106.2 178.3 — 430.9 Balance at end of period $ 2,416.5 $ 41.8 $ 144.6 $ — $ 2,602.9

Basis of Presentation and Sum25

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Segments	Our reporting segments include: MillerCoors LLC ("MillerCoors" or U.S. segment), operating in the United States ("U.S."); Molson Coors Canada ("MCC" or Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom ("U.K.") and various other European countries; and Molson Coors International ("MCI" or MCI segment), operating in various other countries.
New Accounting Pronouncements Not Yet Adopted	In March 2016, the Financial Accounting Standards Board ("FASB") issued authoritative guidance intended to simplify and improve several aspects of the accounting for share-based payment transactions. We early adopted this guidance in the third quarter of the prior year. The adoption of this guidance impacted our previously reported unaudited condensed consolidated financial statements as follows:

New Accounting Pronouncements (

New Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncement, Early Adoption	Three Months Ended March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Statements of Operations: Income tax benefit (expense) $ (20.6 ) $ (16.7 ) Net income (loss) attributable to Molson Coors Brewing Company $ 158.8 $ 162.7 Basic earnings per share $ 0.78 $ 0.80 Diluted earnings per share $ 0.78 $ 0.80 Diluted weighted-average shares outstanding 204.8 205.1 Three Months Ended March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Statements of Cash Flows: Net cash provided by (used in) operating activities $ (93.4 ) $ (88.3 ) Net cash provided by (used in) financing activities $ 2,463.6 $ 2,458.5 As of March 31, 2016 As Reported As Adjusted (In millions) Unaudited Condensed Consolidated Balance Sheets: Paid-in capital $ 6,550.0 $ 6,546.1 Retained earnings $ 4,566.5 $ 4,570.4

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Net sales by segment	The following table presents net sales by segment: Three Months Ended March 31, 2017 March 31, 2016 (In millions) U.S. (1) $ 1,749.9 $ — Canada 291.1 268.0 Europe 381.6 358.7 MCI 61.8 31.0 Corporate 0.3 0.4 Eliminations (2) (36.0 ) (0.9 ) Consolidated net sales $ 2,448.7 $ 657.2 (1) Prior to October 11, 2016 , MCBC’s 42% share of MillerCoors' results of operations was reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. As a result of the Acquisition, beginning October 11, 2016 , MillerCoors' results were fully consolidated into MCBC’s consolidated financial statements. (2) Eliminations reflect gross inter-segment sales, purchases, and volumes which are eliminated in the consolidated totals.
Income (loss) from continuing operations before income taxes by segment	The following table presents income (loss) from continuing operations before income taxes by segment: Three Months Ended March 31, 2017 March 31, 2016 (In millions) U.S. (1) $ 315.6 $ 142.4 Canada 23.1 146.6 Europe (2) 30.6 (1.2 ) MCI 1.5 (2.3 ) Corporate (97.8 ) (104.8 ) Consolidated income (loss) from continuing operations before income taxes $ 273.0 $ 180.7 (1) Prior to October 11, 2016 , MCBC’s 42% share of MillerCoors' results of operations was reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. As a result of the Acquisition, beginning October 11, 2016 , MillerCoors' results were fully consolidated into MCBC’s consolidated financial statements. (2) Recently, the largest food and retail company in Croatia, Agrokor, announced it is facing significant financial difficulties that have raised doubt about the collectibility of certain of our outstanding receivables with its direct subsidiaries. These subsidiaries are customers of ours within the Europe segment and, therefore, we are closely monitoring the situation. Specifically, Agrokor has entered into active discussions with local regulators, financial institutions and other creditors to stabilize its business and resume payments to suppliers and others as soon as possible. Our exposure related to Agrokor, as of March 31, 2017, was approximately EUR 18 million . Based on the facts and circumstances known at this time, we have recorded a provision for an estimate of uncollectible receivables of approximately $11 million . Separately, we released an indirect tax loss contingency, which was initially recorded in the fourth quarter of 2016, for a benefit of approximately $50 million during the first quarter of 2017; see Note 16, "Commitments and Contingencies" for details.
Total assets by segment	The following table presents total assets by segment: As of March 31, 2017 December 31, 2016 (In millions) U.S. $ 19,965.3 $ 19,844.7 Canada 4,256.6 4,206.8 Europe 4,771.1 4,673.7 MCI 254.6 255.6 Corporate 295.3 360.7 Consolidated total assets $ 29,542.9 $ 29,341.5

Acquisition and Investments (Ta

Acquisition and Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	The unaudited pro forma financial information below does not reflect the realization of any expected ongoing synergies relating to the integration of MillerCoors. Further, the unaudited pro forma financial information should not be considered indicative of the results that would have occurred if the Acquisition and related financing had been consummated on January 1, 2016, nor are they indicative of future results. Three Months Ended March 31, 2016 (in millions) Net sales $ 2,461.4 Net income from continuing operations attributable to MCBC $ 257.4 Net income attributable to MCBC $ 256.9 Net income from continuing operations attributable to MCBC per share: Basic $ 1.20 Diluted $ 1.19 For the three months ended March 31, 2016 , the following non-recurring charges (benefits) directly attributable to the Acquisition were made as adjustments to our pro forma results to remove the impact from our historical operating results within the below noted line items. Three Months Ended March 31, 2016 (In millions) Non-recurring charges (benefits) Location Other transaction-related costs $ 14.9 Marketing, general and administrative expenses Bridge loan - amortization of financing costs $ 18.4 Other income (expense) Term loan - commitment fee $ 1.2 Interest expense, net Swaption - unrealized loss $ 21.1 Interest expense, net Interest income earned on money market and fixed rate deposit accounts $ (2.5 ) Interest income, net
Summarized financial information of MillerCoors	Results of Operations Three Months Ended March 31, 2016 (in millions) Net sales $ 1,816.1 Cost of goods sold (1,033.0 ) Gross profit $ 783.1 Operating income (1) $ 336.5 Net income attributable to MillerCoors (1) $ 335.3 (1) Results include net special charges primarily related to the closure of the Eden, North Carolina brewery, which for the three months ended March 31, 2016, includes $35.9 million of accelerated depreciation in excess of normal depreciation associated with the brewery and $1.0 million of other charges.
MCBC's proportional share in MillerCoors of net income reported under the equity method	The following represents our proportionate share in net income attributable to MillerCoors reported under the equity method of accounting prior to the Acquisition: Three Months Ended March 31, 2016 (in millions, except percentages) Net income attributable to MillerCoors $ 335.3 MCBC's economic interest 42 % MCBC's proportionate share of MillerCoors' net income 140.8 Amortization of the difference between MCBC's contributed cost basis and proportionate share of the underlying equity in net assets of MillerCoors 1.1 Share-based compensation adjustment (1) 0.5 Equity income in MillerCoors $ 142.4 (1) The net adjustment is to eliminate all share-based compensation impacts related to pre-existing SABMiller equity awards held by former Miller Brewing Company employees employed by MillerCoors, as well as to add back all share-based compensation impacts related to pre-existing MCBC equity awards held by former MCBC employees who transferred to MillerCoors.
Summary of transactions with MillerCoors	The following table summarizes our transactions with MillerCoors: Three Months Ended March 31, 2016 (In millions) Beer sales to MillerCoors $ 2.0 Beer purchases from MillerCoors $ 9.9 Service agreement costs and other charges to MillerCoors $ 0.7 Service agreement costs and other charges from MillerCoors $ 0.1
Schedules of Consolidated Investments	The following summarizes the assets and liabilities of our consolidated VIEs (including noncontrolling interests): As of March 31, 2017 December 31, 2016 Total Assets Total Liabilities Total Assets Total Liabilities (In millions) Grolsch $ 5.1 $ 0.5 $ 4.4 $ 0.5 Cobra U.K. $ 16.4 $ 0.8 $ 14.2 $ 1.1 RMMC $ 74.9 $ 4.4 $ 70.2 $ 3.5 RMBC $ 57.5 $ 2.6 $ 53.1 $ 2.5

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of components of share-based compensation expense	The following table summarizes share-based compensation expense for the three months ended March 31, 2017, and March 31, 2016 : Three Months Ended March 31, 2017 March 31, 2016 (In millions) Pretax compensation expense $ 15.5 $ 6.7 Tax benefit (5.3 ) (1.9 ) After-tax compensation expense $ 10.2 $ 4.8
Schedule of non-vested RSUs, DSUs, PUs and PSUs outstanding and the activity for the period	The following table represents non-vested RSUs, DSUs and PSUs as of March 31, 2017 , and the activity during the three months ended March 31, 2017 : RSUs and DSUs PSUs Units Weighted-average grant date fair value per unit Units Weighted-average grant date fair value per unit (In millions, except per unit amounts) Non-vested as of December 31, 2016 0.8 $87.01 0.5 $81.67 Granted 0.3 $92.00 0.2 $97.13 Vested (0.3 ) $76.67 (0.2 ) $57.29 Converted (1) 0.3 $106.17 (0.1 ) $106.17 Forfeited — $— — $— Non-vested as of March 31, 2017 1.1 $95.21 0.4 $89.44 (1) During the three months ended March 31, 2017, the MillerCoors 2016 PSU replacement awards were converted to RSUs under the Incentive Compensation Plan based on the achievement of the performance metric during the one year performance period ended December 31, 2016. These awards cliff vest at the end of a three year service period in the first quarter of 2019. The weighted-average fair value per unit for the non-vested PSUs is $103.82 as of March 31, 2017 .
Schedule of stock options and SOSARs outstanding and the activity for the period	The following table represents the summary of stock options and stock-only stock appreciation rights ("SOSARs") outstanding as of March 31, 2017 , and the activity during the three months ended March 31, 2017 : Awards Weighted-average exercise price per share Weighted-average remaining contractual life (years) Aggregate intrinsic value (In millions, except per share amounts and years) Outstanding as of December 31, 2016 1.5 $59.79 5.4 $ 58.2 Granted 0.2 $96.77 Exercised (0.1) $54.81 Forfeited — $— Outstanding as of March 31, 2017 1.6 $63.88 5.9 $ 51.4 Expected to vest at March 31, 2017 0.4 $89.67 9.2 $ 2.3 Exercisable at March 31, 2017 1.2 $56.28 4.9 $ 49.0
Schedule of share-based compensation weighted average assumptions	The fair value of each option granted in the first quarter of 2017 and 2016 was determined on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: Three Months Ended March 31, 2017 March 31, 2016 Risk-free interest rate 2.04% 1.40% Dividend yield 1.64% 1.81% Volatility range 22.40%-22.88% 23.16%-24.64% Weighted-average volatility 22.52% 23.53% Expected term (years) 5.1 5.2 Weighted-average fair market value $18.66 $16.65
Schedule of Share-based payment Award, Performance Share Units, Valuation Assumptions	The fair value of the market metric for each PSU granted in the first quarter of 2017 and 2016 was determined on the date of grant using a Monte Carlo model to simulate total stockholder return for MCBC and peer companies with the following weighted-average assumptions: Three Months Ended March 31, 2017 March 31, 2016 Risk-free interest rate 1.59% 1.04% Dividend yield 1.64% 1.81% Volatility range 13.71%-80.59% 14.10%-77.11% Weighted-average volatility 24.24% 23.68% Expected term (years) 2.8 2.8 Weighted-average fair market value $97.13 $90.49

Special Items (Tables)

Special Items (Tables)	3 Months Ended
	Mar. 31, 2017
Unusual or Infrequent Items, or Both [Abstract]
Special items recorded by segment	The table below summarizes special items recorded: Three Months Ended March 31, 2017 March 31, 2016 (In millions) Employee-related charges Restructuring $ 0.9 $ (1.6 ) Canada - OPEB curtailment gain (2.9 ) — Impairments or asset abandonment charges U.S. - Asset abandonment (1) 2.0 — Canada - Asset abandonment (2) 1.2 1.1 Europe - Asset abandonment (3) 2.6 2.3 Termination fees and other (gains) losses Canada - Gain on sale of asset (2) — (110.4 ) Total Special items, net $ 3.8 $ (108.6 ) (1) During the third quarter of 2015, MillerCoors announced plans to close its brewery in Eden, North Carolina, in an effort to optimize the brewery footprint and streamline operations for greater efficiencies. Products produced in Eden were transitioned to other breweries in the U.S. supply chain network and the Eden brewery is now closed. For the three months ended March 31, 2017 , certain costs related to the closure of the brewery were recorded within special items. (2) As part of our ongoing strategic review of our Canadian supply chain network, we completed the sale of our Vancouver brewery on March 31, 2016 , resulting in a gain of $110.4 million within special items in the first quarter of 2016. This amount represents a non-cash investing activity on the unaudited condensed consolidated statement of cash flows for the three months ended March 31, 2016. The net cash proceeds of CAD 183.1 million ( $140.8 million ), remained in trust following the completion of the sale and were received on April 1, 2016. In conjunction with the sale of the brewery, we agreed to leaseback the existing property to continue operations on an uninterrupted basis while our new brewery is being constructed. We have evaluated this transaction pursuant to the accounting guidance for sale-leaseback transactions, and concluded that the relevant criteria had been met for full gain recognition. Additionally, during the three months ended March 31, 2017 , and March 31, 2016 , we incurred other abandonment charges, including accelerated depreciation charges in excess of normal depreciation of $1.2 million and $1.1 million , respectively, related to the planned closure of the Vancouver brewery. (3) As a result of our continued strategic review of our European supply chain network, for the three months ended March 31, 2017 , we incurred $2.6 million of charges associated with the planned closure of our Burton South brewery, of which $2.2 million represents accelerated depreciation charges in excess of our normal depreciation. For the three months ended March 31, 2016 , we incurred $2.3 million of charges associated with the planned closure of our Burton South and completed closures of our Plovdiv and Alton breweries, of which $1.9 million represents accelerated depreciation charges in excess of our normal depreciation.
Change in the restructuring accrual	The table below summarizes the activity in the restructuring accruals by segment: U.S. Canada Europe MCI Corporate Total (In millions) Total at December 31, 2016 $ 5.1 $ 5.9 $ 2.8 $ 0.2 $ 0.7 $ 14.7 Charges incurred 0.5 — — 0.3 0.1 0.9 Payments made (3.6 ) (0.4 ) (0.3 ) — — (4.3 ) Foreign currency and other adjustments — — — — — — Total at March 31, 2017 $ 2.0 $ 5.5 $ 2.5 $ 0.5 $ 0.8 $ 11.3 U.S. Canada Europe MCI Corporate Total (In millions) Total at December 31, 2015 $ — $ 2.3 $ 5.6 $ 1.3 $ — $ 9.2 Payments made — (0.1 ) (0.3 ) (1.3 ) — (1.7 ) Changes in estimates — — (1.6 ) — — (1.6 ) Foreign currency and other adjustments — 0.1 (0.1 ) — — — Total at March 31, 2016 $ — $ 2.3 $ 3.6 $ — $ — $ 5.9

Other Income and Expense (Table

Other Income and Expense (Tables)	3 Months Ended
	Mar. 31, 2017
Other Income and Expenses [Abstract]
Summarization of other income and expenses	Three Months Ended March 31, 2017 March 31, 2016 (In millions) Bridge loan commitment fees (1) $ — $ (18.4 ) Gain (loss) from other foreign exchange and derivative activity, net (8.2 ) 3.7 Other, net (2) 8.6 (0.6 ) Other income (expense), net $ 0.4 $ (15.3 ) (1) During the first quarter 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 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.

Earnings per Share ("EPS") (Tab

Earnings per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2017
Anti-dilutive securities:
Effect of dilutive securities on diluted earnings per share	The following summarizes the effect of dilutive securities on diluted EPS: Three Months Ended March 31, 2017 March 31, 2016 (In millions, except per share amounts) Amounts attributable to Molson Coors Brewing Company: Net income (loss) from continuing operations $ 201.9 $ 163.2 Income (loss) from discontinued operations, net of tax (0.6 ) (0.5 ) Net income (loss) attributable to Molson Coors Brewing Company $ 201.3 $ 162.7 Weighted-average shares for basic EPS 215.0 203.6 Effect of dilutive securities: RSUs, DSUs, and PSUs 0.9 1.0 Stock options and SOSARs 0.6 0.5 Weighted-average shares for diluted EPS 216.5 205.1 Basic net income (loss) attributable to Molson Coors Brewing Company per share: From continuing operations $ 0.94 $ 0.80 From discontinued operations — — Basic net income (loss) attributable to Molson Coors Brewing Company per share $ 0.94 $ 0.80 Diluted net income (loss) attributable to Molson Coors Brewing Company per share: From continuing operations $ 0.93 $ 0.80 From discontinued operations — — Diluted net income (loss) attributable to Molson Coors Brewing Company per share $ 0.93 $ 0.80 Dividends declared and paid per share $ 0.41 $ 0.41
Schedule of antidilutive securities excluded from computation of earnings per share	The following anti-dilutive securities were excluded from the computation of the effect of dilutive securities on diluted EPS: Three Months Ended March 31, 2017 March 31, 2016 (In millions) RSUs and stock options 0.2 0.1

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill	The following summarizes the change in goodwill for the three months ended March 31, 2017 : U.S. Canada Europe MCI Consolidated (In millions) Balance at December 31, 2016 $ 6,415.6 $ 567.6 $ 1,260.5 $ 6.4 $ 8,250.1 Foreign currency translation — 5.3 20.5 0.3 26.1 Balance at March 31, 2017 $ 6,415.6 $ 572.9 $ 1,281.0 $ 6.7 $ 8,276.2
Schedule of intangible assets excluding goodwill	The following table presents details of our intangible assets, other than goodwill, as of March 31, 2017 : Useful life Gross Accumulated amortization Net (Years) (In millions) Intangible assets subject to amortization: Brands 10 - 50 $ 4,939.8 $ (341.5 ) $ 4,598.3 License agreements and distribution rights 15 - 28 227.6 (92.5 ) 135.1 Other 2 - 40 133.0 (29.7 ) 103.3 Intangible assets not subject to amortization: Brands Indefinite 8,098.8 — 8,098.8 Distribution networks Indefinite 759.6 — 759.6 Other Indefinite 337.5 — 337.5 Total $ 14,496.3 $ (463.7 ) $ 14,032.6 The following table presents details of our intangible assets, other than goodwill, as of December 31, 2016 : Useful life Gross Accumulated amortization Net (Years) (In millions) Intangible assets subject to amortization: Brands 10 - 50 $ 4,876.3 $ (288.2 ) $ 4,588.1 License agreements and distribution rights 15 - 28 225.9 (89.4 ) 136.5 Other 2 - 40 129.3 (26.4 ) 102.9 Intangible assets not subject to amortization: Brands Indefinite 8,114.2 — 8,114.2 Distribution networks Indefinite 752.6 — 752.6 Other Indefinite 337.6 — 337.6 Total $ 14,435.9 $ (404.0 ) $ 14,031.9
Schedule of future amortization expense	Based on foreign exchange rates as of March 31, 2017 , and the preliminary allocation of fair value to definite-lived intangible assets, the estimated future amortization expense of intangible assets is as follows: Fiscal year Amount (In millions) 2017 - remaining $ 161.5 2018 $ 214.4 2019 $ 213.4 2020 $ 212.4 2021 $ 207.0

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Total long-term borrowings	Debt Debt obligations Our total borrowings as of March 31, 2017 , and December 31, 2016 , were comprised of the following: As of March 31, 2017 December 31, 2016 (In millions) Long-term debt: Senior notes (1)(2) $ 11,400.7 $ 9,842.2 Term loans (1)(3) 800.0 2,300.0 Other long-term debt 2.2 2.2 Less: unamortized debt discounts and debt issuance costs (84.5 ) (85.0 ) Less: current portion of long-term debt (675.3 ) (671.7 ) Total long-term debt $ 11,443.1 $ 11,387.7 Short-term borrowings: Commercial paper program (4) $ 130.0 $ — Cash pool overdrafts (5) 26.5 2.6 Short-term facilities (6) 8.6 7.0 Other short-term borrowings 2.6 3.5 Current portion of long-term debt 675.3 671.7 Current portion of long-term debt and short-term borrowings $ 843.0 $ 684.8 (1) As of March 31, 2017, and December 31, 2016, our senior notes consist of CAD senior notes of $1,801.9 million and $1,785.6 million , respectively, with maturities ranging from 2017 to 2026 ; USD senior notes of $8,214.0 million and $7,215.2 million , respectively, with maturities ranging from 2017 to 2046 ; and EUR senior notes of $1,384.8 million with maturities ranging from 2019 to 2024 and $841.4 million maturing in 2024 , respectively. As of March 31, 2017, and December 31, 2016, the aggregate weighted-average effective interest rates calculated including the effects of hedging were 2.95% and 3.33% , respectively. Our USD term loans have maturities in 2021 as of March 31, 2017, and maturities ranging from 2019 to 2021 as of December 31, 2016. As of March 31, 2017, and December 31, 2016, the aggregate weighted-average effective interest rates were 3.16% and 1.98% , respectively. (2) On March 15, 2017, MCBC issued approximately $1.5 billion of senior notes, consisting of $500 million 1.90% senior notes due March 15, 2019 , and $500 million 2.25% senior notes due March 15, 2020 (collectively, the "2017 USD Notes") and EUR 500 million floating rate senior notes due March 15, 2019 ("2017 EUR Notes") (2017 USD Notes and 2017 EUR Notes, collectively, the "2017 Notes"). We bear quarterly interest on the 2017 EUR Notes at the rate of 0.35% + 3-month EURIBOR . These issuances resulted in total proceeds of approximately $1.5 billion , net of underwriting fees and discounts of $3.1 million and $0.7 million , respectively. Total estimated debt issuance costs capitalized in connection with these notes, including underwriting fees, discounts and other financing related costs, are $6.1 million and are being amortized over the respective terms of the 2017 Notes. The 2017 Notes began accruing interest upon issuance, with quarterly payments due on the 2017 EUR Notes beginning June 15, 2017 and semi-annual payments due on the 2017 USD Notes beginning September 15, 2017. In the first quarter of 2017, we entered into interest rate swaps to economically convert our fixed rate 2017 USD Notes to floating rate debt. As a result of these hedge programs, the carrying value of the $500 million 1.90% notes and $500 million 2.25% notes include adjustments of $0.2 million and $0.1 million , respectively, for fair value movements attributable to the benchmark interest rate as of March 31, 2017 . Prior to issuing the 2017 EUR Notes, we entered into foreign currency forward agreements to economically hedge the foreign currency exposure of a portion of the respective notes, which were subsequently settled on March 15, 2017, concurrent with the issuance of the 2017 EUR Notes. Additionally, upon issuance we designated the 2017 EUR Notes as a net investment hedge of our Europe business. See Note 14, "Derivative Instruments and Hedging Activities" for further details. (3) During the first quarter of 2017, the net proceeds from the 2017 Notes were used to repay the remaining $800.0 million on our 3 -year tranche term loan due 2019 and make principal payments of $700.0 million on our 5 -year tranche term loan due 2021, and accordingly we accelerated the related amortization. For the three months ended March 31, 2017 , and 2016, $4.0 million and $1.8 million , respectively, was recorded to interest expense related to amortization of issuance and other financing costs associated with the term loan, including the accelerated amortization during the first quarter of 2017 noted above of $3.7 million . (4) As of March 31, 2017, the outstanding borrowings under our commercial paper program were $130.0 million at a weighted-average effective interest rate and tenor of 1.26% and 21 days. There were no outstanding borrowings under our commercial paper program as of December 31, 2016. (5) As of March 31, 2017 , we had $26.5 million in bank overdrafts and $38.2 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $11.7 million . As of December 31, 2016 , we had $2.6 million in bank overdrafts and $18.0 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $15.4 million . (6) We had total outstanding borrowings of $8.6 million and $7.0 million under our two Japanese Yen ("JPY") overdraft facilities as of March 31, 2017 , and December 31, 2016 , respectively. In addition, we have GBP and CAD lines of credit under which we had no borrowings as of March 31, 2017 , or December 31, 2016 .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories, net of reserves, consist of the following: As of March 31, 2017 December 31, 2016 (In millions) Finished goods $ 263.0 $ 213.8 Work in process 91.2 81.6 Raw materials 250.5 238.5 Packaging materials 58.8 58.8 Inventories, net $ 663.5 $ 592.7

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)	3 Months Ended
	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	13. Accumulated Other Comprehensive Income (Loss) ("AOCI") 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, 2016 $ (994.1 ) $ 21.2 $ (502.7 ) $ (69.9 ) $ (1,545.5 ) Foreign currency translation adjustments 75.2 — — — 75.2 Unrealized gain (loss) on derivative and non-derivative financial instruments — (12.2 ) — — (12.2 ) Reclassification of derivative (gain) loss to income — — — — — Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income — — 2.3 — 2.3 Ownership share of unconsolidated subsidiaries' other comprehensive income (loss) — — — 1.5 1.5 Tax benefit (expense) 6.0 3.6 (0.7 ) (0.4 ) 8.5 As of March 31, 2017 $ (912.9 ) $ 12.6 $ (501.1 ) $ (68.8 ) $ (1,470.2 )
Schedule of Reclassifications from Accumulated Other Comprehensive Income to Earnings	Three Months Ended March 31, 2017 March 31, 2016 Reclassifications from AOCI Location of gain (loss) recognized in income (In millions) Gain/(loss) on cash flow hedges: Forward starting interest rate swaps $ (1.0 ) $ (0.9 ) Interest expense, net Foreign currency forwards (0.9 ) (1.9 ) Other income (expense), net Foreign currency forwards 1.9 5.4 Cost of goods sold Total income (loss) reclassified, before tax — 2.6 Income tax benefit (expense) — (0.2 ) Net income (loss) reclassified, net of tax $ — $ 2.4 Amortization of defined benefit pension and other postretirement benefit plan items: Prior service benefit (cost) $ (0.2 ) $ (0.2 ) (1) Net actuarial gain (loss) (2.1 ) (7.7 ) (1) Total income (loss) reclassified, before tax (2.3 ) (7.9 ) Income tax benefit (expense) 0.7 0.9 Net income (loss) reclassified, net of tax $ (1.6 ) $ (7.0 ) Total income (loss) reclassified, net of tax $ (1.6 ) $ (4.6 ) (1) These components of AOCI are included in the computation of net periodic pension and other postretirement benefit cost. See Note 15, "Pension and Other Postretirement Benefits" for additional details.

Derivative Instruments and He37

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets and Liabilities at Fair Value	The table below summarizes our derivative assets and liabilities that were measured at fair value as of March 31, 2017 , and December 31, 2016 . Fair value measurements as of March 31, 2017 Total at March 31, 2017 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (In millions) Interest rate swaps $ (0.3 ) $ — $ (0.3 ) $ — Foreign currency forwards 7.8 — 7.8 — Commodity swaps 49.6 — 49.6 — Total $ 57.1 $ — $ 57.1 $ — Fair value measurements as of December 31, 2016 Total at December 31, 2016 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (In millions) Foreign currency forwards $ 14.4 $ — $ 14.4 $ — Commodity swaps (18.1 ) — (18.1 ) — Total $ (3.7 ) $ — $ (3.7 ) $ —
Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets	Fair Value of Derivative Instruments in the Unaudited Condensed Consolidated Balance Sheet (in millions): March 31, 2017 Asset derivatives Liability derivatives Notional amount Balance sheet location Fair value Balance sheet location Fair value Derivatives designated as hedging instruments: Interest rate swaps $ 1,000.0 Other current assets $ — Accounts payable and other current liabilities $ — Other non-current assets — Other liabilities (0.3 ) Foreign currency forwards $ 332.0 Other current assets 8.3 Accounts payable and other current liabilities (0.8 ) Other non-current assets 1.4 Other liabilities (1.1 ) Total derivatives designated as hedging instruments $ 9.7 $ (2.2 ) Derivatives not designated as hedging instruments: Commodity swaps (1) $ 729.1 Other current assets $ 26.9 Accounts payable and other current liabilities $ (8.7 ) Other non-current assets 38.1 Other liabilities (6.7 ) Commodity Options (1) $ 13.6 Other current assets 0.1 Accounts payable and other current liabilities (0.1 ) Other non-current assets 0.1 Other liabilities (0.1 ) Total derivatives not designated as hedging instruments $ 65.2 $ (15.6 ) December 31, 2016 Asset derivatives Liability derivatives Notional amount Balance sheet location Fair value Balance sheet location Fair value Derivatives designated as hedging instruments: Foreign currency forwards $ 329.4 Other current assets $ 12.0 Accounts payable and other current liabilities $ (0.3 ) Other non-current assets 3.3 Other liabilities (0.6 ) Total derivatives designated as hedging instruments $ 15.3 $ (0.9 ) Derivatives not designated as hedging instruments: Commodity swaps (1) $ 791.4 Other current assets $ 11.8 Accounts payable and other current liabilities $ (23.3 ) Other non-current assets 12.6 Other liabilities (19.2 ) Commodity options (1) $ 13.6 Other current and non-current assets — Accounts payable and other current liabilities and other liabilities — Total derivatives not designated as hedging instruments $ 24.4 $ (42.5 )
The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations	The Pretax Effect of Derivative Instruments on the Unaudited Condensed Consolidated Statement of Operations (in millions): For the Three Months Ended March 31, 2017 Derivatives in cash flow hedge relationships Amount of gain Location of gain (loss) Amount of gain Location of gain (loss) Amount of gain (loss) Forward starting interest rate swaps $ — Interest expense, net $ (1.0 ) Interest expense, net $ — Foreign currency forwards (5.5 ) Other income (expense), net (0.9 ) Other income (expense), net — Cost of goods sold 1.9 Cost of goods sold — Total $ (5.5 ) $ — $ — For the Three Months Ended March 31, 2017 Non-derivative financial instruments in net investment hedge relationships Amount of gain Location of gain (loss) Amount of gain Location of gain (loss) Amount of gain (loss) EUR 800 million notes due 2024 $ (10.8 ) Other income (expense), net $ — Other income (expense), net $ — EUR 500 million notes due 2019 4.1 Other income (expense), net — Other income (expense), net — Total $ (6.7 ) $ — $ — For the Three Months Ended March 31, 2017 Derivatives in fair value hedge relationships Amount of gain (loss) recognized in income on derivative Location of gain (loss)recognized in income Interest rate swaps $ (0.3 ) Interest expense, net Total $ (0.3 ) For the Three Months Ended March 31, 2016 Derivatives in cash flow hedge relationships Amount of gain (loss) recognized in OCI on derivative (effective portion) Location of gain (loss) reclassified from AOCI into income (effective portion) Amount of gain (loss) recognized from AOCI on derivative (effective portion) Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Forward starting interest rate swaps $ — Interest expense, net $ (0.9 ) Interest expense, net $ — Foreign currency forwards (21.6 ) Other income (expense), net (1.9 ) Other income (expense), net — Cost of goods sold 5.4 Cost of goods sold — Total $ (21.6 ) $ 2.6 $ — We expect net gains of approximately $4 million (pretax) recorded in AOCI at March 31, 2017 , will be reclassified into earnings within the next 12 months. For derivatives designated in cash flow hedge relationships, the maximum length of time over which forecasted transactions are hedged at March 31, 2017 , is approximately three years.
Other Derivatives	Other Derivatives (in millions): For the Three Months Ended March 31, 2017 Derivatives not in hedging relationships Location of gain (loss) recognized in income on derivative Amount of gain (loss) recognized in income on derivative Commodity swaps Cost of goods sold $ 65.7 Foreign currency forwards Other income (expense), net (8.3 ) Total $ 57.4 In the first quarter of 2017, the total gain recognized in income related to commodity swaps was driven by higher commodity prices. For the Three Months Ended March 31, 2016 Derivatives not in hedging relationships Location of gain (loss) recognized in income on derivative Amount of gain (loss) recognized in income on derivative Commodity swaps Cost of goods sold $ (1.6 ) Foreign currency forwards Other income (expense), net (0.1 ) Swaptions Interest expense, net (21.1 ) Total $ (22.8 )

Pension and Other Postretirem38

Pension and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Net periodic pension and OPEB cost	Pension and Other Postretirement Benefits ("OPEB") For the Three Months Ended March 31, 2017 March 31, 2016 Pension OPEB Consolidated Pension OPEB Consolidated (In millions) Net periodic pension and OPEB cost (benefit): Service cost $ 1.8 $ 2.6 $ 4.4 $ 1.8 $ 0.6 $ 2.4 Interest cost 51.5 7.6 59.1 31.9 1.3 33.2 Expected return on plan assets (66.1 ) 0.1 (66.0 ) (39.5 ) — (39.5 ) Amortization of prior service cost (benefit) 0.2 — 0.2 0.2 — 0.2 Amortization of net actuarial loss 5.0 — 5.0 7.7 — 7.7 Curtailment (gain) — (2.9 ) (2.9 ) — — — Less: expected participant contributions (0.2 ) — (0.2 ) (0.1 ) — (0.1 ) Net periodic pension and OPEB cost (benefit) $ (7.8 ) $ 7.4 $ (0.4 ) $ 2.0 $ 1.9 $ 3.9 During the three months ended March 31, 2017 , employer contributions to the defined benefit pension plans were approximately $36 million . Total 2017 employer contributions to the defined benefit plans are expected to be approximately $100 million to $120 million , based on foreign exchange rates as of March 31, 2017 . MillerCoors' pension and OPEB expenses are not included in the three months ended March 31, 2016 , as prior to the completion of the Acquisition on October 11, 2016 , MillerCoors' pension and OPEB expenses were reported as equity income in MillerCoors in the unaudited condensed consolidated statements of operations. BRI and BDL contributions to their defined benefit pension plans are not included above, as they are not consolidated in our financial statements.

Supplemental Guarantor Inform39

Supplemental Guarantor Information Supplemental (Tables)	3 Months Ended
	Mar. 31, 2017
Statement of Operations [Member]
Schedule of Supplemental Guarantor Information	MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 7.0 $ 2,376.6 $ 650.0 $ (119.8 ) $ 2,913.8 Excise taxes — (325.7 ) (139.4 ) — (465.1 ) Net sales 7.0 2,050.9 510.6 (119.8 ) 2,448.7 Cost of goods sold — (1,143.0 ) (339.4 ) 109.5 (1,372.9 ) Gross profit 7.0 907.9 171.2 (10.3 ) 1,075.8 Marketing, general and administrative expenses (67.7 ) (497.6 ) (147.8 ) 10.3 (702.8 ) Special items, net (0.5 ) (0.7 ) (2.6 ) — (3.8 ) Equity income (loss) in subsidiaries 338.8 (78.1 ) 19.0 (279.7 ) — Operating income (loss) 277.6 331.5 39.8 (279.7 ) 369.2 Interest income (expense), net (81.1 ) 58.9 (74.4 ) — (96.6 ) Other income (expense), net (8.2 ) 16.7 (8.1 ) — 0.4 Income (loss) from continuing operations before income taxes 188.3 407.1 (42.7 ) (279.7 ) 273.0 Income tax benefit (expense) 13.0 (68.1 ) (9.5 ) — (64.6 ) Net income (loss) from continuing operations 201.3 339.0 (52.2 ) (279.7 ) 208.4 Income (loss) from discontinued operations, net of tax — — (0.6 ) — (0.6 ) Net income (loss) including noncontrolling interests 201.3 339.0 (52.8 ) (279.7 ) 207.8 Net (income) loss attributable to noncontrolling interests — — (6.5 ) — (6.5 ) Net income (loss) attributable to MCBC $ 201.3 $ 339.0 $ (59.3 ) $ (279.7 ) $ 201.3 Comprehensive income (loss) attributable to MCBC $ 276.6 $ 412.9 $ (13.8 ) $ (399.1 ) $ 276.6 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (IN MILLIONS) (UNAUDITED) AS RECAST FOR CHANGE IN GUARANTORS Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Sales $ 6.6 $ 375.9 $ 595.3 $ (27.0 ) $ 950.8 Excise taxes — (84.0 ) (209.6 ) — (293.6 ) Net sales 6.6 291.9 385.7 (27.0 ) 657.2 Cost of goods sold — (163.7 ) (270.4 ) 20.1 (414.0 ) Gross profit 6.6 128.2 115.3 (6.9 ) 243.2 Marketing, general and administrative expenses (47.0 ) (79.8 ) (131.0 ) 6.9 (250.9 ) Special items, net — 109.3 (0.7 ) — 108.6 Equity income (loss) in subsidiaries 215.8 (113.4 ) 149.3 (251.7 ) — Equity income in MillerCoors — 142.4 — — 142.4 Operating income (loss) 175.4 186.7 132.9 (251.7 ) 243.3 Interest income (expense), net (39.9 ) 69.2 (76.6 ) — (47.3 ) Other income (expense), net (18.3 ) 4.6 (1.6 ) — (15.3 ) Income (loss) from continuing operations before income taxes 117.2 260.5 54.7 (251.7 ) 180.7 Income tax benefit (expense) 45.5 (85.4 ) 23.2 — (16.7 ) Net income (loss) from continuing operations 162.7 175.1 77.9 (251.7 ) 164.0 Income (loss) from discontinued operations, net of tax — — (0.5 ) — (0.5 ) Net income (loss) including noncontrolling interests 162.7 175.1 77.4 (251.7 ) 163.5 Net (income) loss attributable to noncontrolling interests — — (0.8 ) — (0.8 ) Net income (loss) attributable to MCBC $ 162.7 $ 175.1 $ 76.6 $ (251.7 ) $ 162.7 Comprehensive income (loss) attributable to MCBC $ 419.7 $ 408.8 $ 99.4 $ (508.2 ) $ 419.7
Balance Sheet [Member]
Schedule of Supplemental Guarantor Information	MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 41.9 $ 91.4 $ 261.7 $ — $ 395.0 Accounts receivable, net — 436.1 320.4 — 756.5 Other receivables, net 44.5 76.7 45.3 — 166.5 Inventories, net — 517.5 146.0 — 663.5 Other current assets, net 16.0 207.3 74.4 — 297.7 Intercompany accounts receivable — 1,219.0 48.0 (1,267.0 ) — Total current assets 102.4 2,548.0 895.8 (1,267.0 ) 2,279.2 Properties, net 27.0 3,456.4 1,045.4 — 4,528.8 Goodwill — 6,649.7 1,626.5 — 8,276.2 Other intangibles, net — 12,160.0 1,872.6 — 14,032.6 Net investment in and advances to subsidiaries 22,933.3 3,460.6 4,436.1 (30,830.0 ) — Other assets 80.7 178.1 202.3 (35.0 ) 426.1 Total assets $ 23,143.4 $ 28,452.8 $ 10,078.7 $ (32,132.0 ) $ 29,542.9 Liabilities and equity Current liabilities: Accounts payable and other current liabilities $ 129.9 $ 1,379.8 $ 690.8 $ — $ 2,200.5 Current portion of long-term debt and short-term borrowings 430.0 375.1 37.9 — 843.0 Discontinued operations — — 5.2 — 5.2 Intercompany accounts payable 951.9 120.5 194.6 (1,267.0 ) — Total current liabilities 1,511.8 1,875.4 928.5 (1,267.0 ) 3,048.7 Long-term debt 10,021.4 1,421.6 0.1 — 11,443.1 Pension and postretirement benefits 2.6 1,141.9 13.4 — 1,157.9 Deferred tax liabilities — 1,015.6 782.0 (35.0 ) 1,762.6 Other liabilities 10.4 206.5 90.3 — 307.2 Discontinued operations — — 13.1 — 13.1 Intercompany notes payable — 1,360.3 5,952.7 (7,313.0 ) — Total liabilities 11,546.2 7,021.3 7,780.1 (8,615.0 ) 17,732.6 MCBC stockholders' equity 11,598.3 27,383.0 3,447.0 (30,830.0 ) 11,598.3 Intercompany notes receivable (1.1 ) (5,951.5 ) (1,360.4 ) 7,313.0 — Total stockholders' equity 11,597.2 21,431.5 2,086.6 (23,517.0 ) 11,598.3 Noncontrolling interests — — 212.0 — 212.0 Total equity 11,597.2 21,431.5 2,298.6 (23,517.0 ) 11,810.3 Total liabilities and equity $ 23,143.4 $ 28,452.8 $ 10,078.7 $ (32,132.0 ) $ 29,542.9 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2016 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 147.3 $ 141.5 $ 272.1 $ — $ 560.9 Accounts receivable, net — 374.8 294.7 — 669.5 Other receivables, net 43.6 53.8 38.4 — 135.8 Inventories, net — 466.6 126.1 — 592.7 Other current assets, net 1.3 139.3 70.1 — 210.7 Intercompany accounts receivable — 1,098.5 36.0 (1,134.5 ) — Total current assets 192.2 2,274.5 837.4 (1,134.5 ) 2,169.6 Properties, net 27.5 3,459.9 1,020.0 — 4,507.4 Goodwill — 6,647.5 1,602.6 — 8,250.1 Other intangibles, net — 12,180.4 1,851.5 — 14,031.9 Net investment in and advances to subsidiaries 22,506.3 3,475.4 4,400.9 (30,382.6 ) — Other assets 80.2 161.7 173.4 (32.8 ) 382.5 Total assets $ 22,806.2 $ 28,199.4 $ 9,885.8 $ (31,549.9 ) $ 29,341.5 Liabilities and equity Current liabilities: Accounts payable and other current liabilities $ 203.6 $ 1,493.5 $ 770.6 $ — $ 2,467.7 Current portion of long-term debt and short-term borrowings 299.9 371.7 13.2 — 684.8 Discontinued operations — — 5.0 — 5.0 Intercompany accounts payable 893.5 101.8 139.2 (1,134.5 ) — Total current liabilities 1,397.0 1,967.0 928.0 (1,134.5 ) 3,157.5 Long-term debt 9,979.4 1,408.2 0.1 — 11,387.7 Pension and postretirement benefits 2.6 1,181.2 12.2 — 1,196.0 Deferred tax liabilities — 972.0 759.8 (32.8 ) 1,699.0 Other liabilities 9.6 229.2 28.2 — 267.0 Discontinued operations — — 12.6 — 12.6 Intercompany notes payable — 1,360.3 5,868.4 (7,228.7 ) — Total liabilities 11,388.6 7,117.9 7,609.3 (8,396.0 ) 17,719.8 MCBC stockholders' equity 11,418.7 26,948.9 3,433.7 (30,382.6 ) 11,418.7 Intercompany notes receivable (1.1 ) (5,867.4 ) (1,360.2 ) 7,228.7 — Total stockholders' equity 11,417.6 21,081.5 2,073.5 (23,153.9 ) 11,418.7 Noncontrolling interests — — 203.0 — 203.0 Total equity 11,417.6 21,081.5 2,276.5 (23,153.9 ) 11,621.7 Total liabilities and equity $ 22,806.2 $ 28,199.4 $ 9,885.8 $ (31,549.9 ) $ 29,341.5
Statement of Cash Flows [Member]
Schedule of Supplemental Guarantor Information	MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (IN MILLIONS) (UNAUDITED) Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (172.4 ) $ 141.5 $ (87.4 ) $ — $ (118.3 ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to properties (3.8 ) (142.1 ) (34.1 ) — (180.0 ) Proceeds from sales of properties and other assets — 0.2 41.8 — 42.0 Other — — 5.9 — 5.9 Net intercompany investing activity — (42.6 ) — 42.6 — Net cash provided by (used in) investing activities (3.8 ) (184.5 ) 13.6 42.6 (132.1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Exercise of stock options under equity compensation plans 0.3 — — — 0.3 Dividends paid (80.8 ) — (7.5 ) — (88.3 ) Debt issuance costs (3.7 ) — — — (3.7 ) Payments on debt and borrowings (1,500.0 ) — (1.1 ) — (1,501.1 ) Proceeds on debt and borrowings 1,536.0 — — — 1,536.0 Net proceeds from (payments on) revolving credit facilities and commercial paper 129.9 — 1.1 — 131.0 Change in overdraft balances and other (10.9 ) (7.7 ) 24.7 — 6.1 Net intercompany financing activity — — 42.6 (42.6 ) — Net cash provided by (used in) financing activities 70.8 (7.7 ) 59.8 (42.6 ) 80.3 CASH AND CASH EQUIVALENTS: Net increase (decrease) in cash and cash equivalents (105.4 ) (50.7 ) (14.0 ) — (170.1 ) Effect of foreign exchange rate changes on cash and cash equivalents — 0.6 3.6 — 4.2 Balance at beginning of year 147.3 141.5 272.1 — 560.9 Balance at end of period $ 41.9 $ 91.4 $ 261.7 $ — $ 395.0 MOLSON COORS BREWING COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (IN MILLIONS) (UNAUDITED) AS RECAST FOR CHANGE IN GUARANTORS Parent Subsidiary Guarantors Subsidiary Non Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (157.1 ) $ 147.5 $ (78.7 ) $ — $ (88.3 ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to properties (7.2 ) (21.5 ) (42.4 ) — (71.1 ) Proceeds from sales of properties and other assets — 1.3 1.1 — 2.4 Investment in MillerCoors — (413.7 ) — — (413.7 ) Return of capital from MillerCoors — 283.4 — — 283.4 Other — — (6.5 ) — (6.5 ) Net intercompany investing activity — (66.1 ) — 66.1 — Net cash provided by (used in) investing activities (7.2 ) (216.6 ) (47.8 ) 66.1 (205.5 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock, net 2,526.4 — — — 2,526.4 Exercise of stock options under equity compensation plans 4.2 — — — 4.2 Dividends paid (80.5 ) — (7.8 ) — (88.3 ) Debt issuance costs (14.2 ) — — — (14.2 ) Payments on debt and borrowings — — (10.3 ) — (10.3 ) Proceeds on debt and borrowings — — 20.9 — 20.9 Net proceeds from (payments on) revolving credit facilities and commercial paper — — 2.5 — 2.5 Change in overdraft balances and other (1.5 ) — 18.8 — 17.3 Net intercompany financing activity — — 66.1 (66.1 ) — Net cash provided by (used in) financing activities 2,434.4 — 90.2 (66.1 ) 2,458.5 CASH AND CASH EQUIVALENTS: Net increase (decrease) in cash and cash equivalents 2,270.1 (69.1 ) (36.3 ) — 2,164.7 Effect of foreign exchange rate changes on cash and cash equivalents — 4.7 2.6 — 7.3 Balance at beginning of year 146.4 106.2 178.3 — 430.9 Balance at end of period $ 2,416.5 $ 41.8 $ 144.6 $ — $ 2,602.9

Basis of Presentation and Sum40

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies (Details)	Oct. 11, 2016	Oct. 10, 2016	Mar. 31, 2016
MillerCoors
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		50.00%
SAB Miller [Member]
Business Acquisition [Line Items]
MCBC economic interest	58.00%
Equity Method Investment, Voting Percentage	50.00%
MillerCoors
Business Acquisition [Line Items]
MCBC economic interest		42.00%	42.00%

New Accounting Pronouncements41

New Accounting Pronouncements (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ (118.3)	$ (88.3)
Net Cash Provided by (Used in) Financing Activities	(80.3)	(2,458.5)
Income tax benefit (expense)	(64.6)	(16.7)
Net income (loss) attributable to MCBC	$ 201.3	$ 162.7
Basic net income (loss) attributable to Molson Coors Brewing Company per share	$ 0.94	$ 0.80
Diluted net income (loss) attributable to Molson Coors Brewing Company per share	$ 0.93	$ 0.80
Weighted average shares - diluted (in shares)	216.5	205.1
Paid-in capital	$ 6,629.9	$ 6,546.1	$ 6,635.3
Retained earnings	$ 6,232	4,570.4	$ 6,119
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net Cash Provided by (Used in) Operating Activities		(93.4)
Net Cash Provided by (Used in) Financing Activities		(2,463.6)
Income tax benefit (expense)		20.6
Net income (loss) attributable to MCBC		$ 158.8
Basic net income (loss) attributable to Molson Coors Brewing Company per share		$ 0.78
Diluted net income (loss) attributable to Molson Coors Brewing Company per share		$ 0.78
Weighted average shares - diluted (in shares)		204.8
Paid-in capital		$ 6,550
Retained earnings		$ 4,566.5

Segment Reporting Net Sales (De

Segment Reporting Net Sales (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting
Net sales	$ 2,448.7	$ 657.2
Maximum percentage of sales accounted for by a single customer (as a percent)	10.00%
UNITED STATES
Segment Reporting
Net sales	$ 1,749.9	0
Canada [Member]
Segment Reporting
Net sales	291.1	268
Europe [Member]
Segment Reporting
Net sales	381.6	358.7
MCI [Member]
Segment Reporting
Net sales	61.8	31
Corporate [Member]
Segment Reporting
Net sales	0.3	0.4
Intersegment sales elimination
Segment Reporting
Net sales	$ (36)	$ (0.9)

Segment Reporting Income (Loss)

Segment Reporting Income (Loss) From Continuing Operations (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2017EUR (€)
Segment Reporting
Income (loss) from continuing operations before income taxes	$ 273	$ 180.7
Loss Contingency Accrual, Period Increase (Decrease)	(50)
UNITED STATES
Segment Reporting
Income (loss) from continuing operations before income taxes	315.6	142.4
Canada [Member]
Segment Reporting
Income (loss) from continuing operations before income taxes	23.1	146.6
Europe [Member]
Segment Reporting
Income (loss) from continuing operations before income taxes	30.6	(1.2)
Europe [Member] | Agrokor [Member]
Segment Reporting
Loss Contingency, Estimate of Possible Loss | €			€ 18
Provision for Doubtful Accounts	11
MCI [Member]
Segment Reporting
Income (loss) from continuing operations before income taxes	1.5	(2.3)
Corporate [Member]
Segment Reporting
Income (loss) from continuing operations before income taxes	$ (97.8)	$ (104.8)

Segment Reporting Total Assets

Segment Reporting Total Assets (Details) - USD ($) shares in Millions, $ in Millions	Feb. 03, 2016	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total assets			$ 29,542.9	$ 29,341.5
Stock Issued During Period, Value, New Issues	$ 2,500	$ 2,525.6
Stock Issued During Period, Shares, New Issues	29.9
Canada [Member]
Segment Reporting Information [Line Items]
Total assets			4,256.6	4,206.8
UNITED STATES
Segment Reporting Information [Line Items]
Total assets			19,965.3	19,844.7
Europe [Member]
Segment Reporting Information [Line Items]
Total assets			4,771.1	4,673.7
MCI [Member]
Segment Reporting Information [Line Items]
Total assets			254.6	255.6
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets			$ 295.3	$ 360.7

Acquisition and Investments Fin

Acquisition and Investments Financials (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016	Oct. 10, 2016	Dec. 31, 2015
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Total equity	$ 9,919.3	$ 11,810.3	$ 11,621.7		$ 7,063.1
MillerCoors
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
MCBC economic interest	42.00%			42.00%
Results of operations
Net sales	$ 1,816.1
Cost of goods sold	(1,033)
Gross profit	783.1
Operating income	336.5
Net income attributable to MillerCoors	335.3
Accelerated depreciation expense	35.9
Other Restructuring Costs	$ 1
MillerCoors
Results of operations
Business Acquisition, Percentage of Voting Interests Acquired				50.00%

Acquisition and Investments Pro

Acquisition and Investments Proportional (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Oct. 10, 2016
Schedule of Equity Method Investments [Line Items]
Equity income in MillerCoors	$ 0	$ 142.4
MillerCoors
Schedule of Equity Method Investments [Line Items]
Net income attributable to MillerCoors		$ 335.3
MCBC economic interest		42.00%	42.00%
MCBC proportionate share of MillerCoors net income		$ 140.8
Amortization of the difference between MCBC contributed cost basis and proportionate share of the underlying equity in the net assets of MillerCoors		1.1
Share-based compensation adjustment		0.5
Equity income in MillerCoors		$ 142.4

Acquisition and Investments Tra

Acquisition and Investments Transactions with MillerCoors (Details) - MillerCoors $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Schedule of Equity Method Investments [Line Items]
Beer sales to MillerCoors	$ 2
Beer purchases from MillerCoors	9.9
Service agreement costs and other charges to MillerCoors	0.7
Service agreement costs and other charges from MillerCoors	$ 0.1

Acquisition and Investments Var

Acquisition and Investments Variable Interest Entity (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Grolsch
Variable Interest Entity
Total Assets	$ 5.1	$ 4.4
Total Liabilities	0.5	0.5
Cobra
Variable Interest Entity
Total Assets	16.4	14.2
Total Liabilities	0.8	1.1
Rocky Mountain Metal Container [Member]
Variable Interest Entity
Total Assets	74.9	70.2
Total Liabilities	4.4	3.5
Rocky Mountain Bottle Company [Member]
Variable Interest Entity
Total Assets	57.5	53.1
Total Liabilities	$ 2.6	$ 2.5

Acquisition and Investments Nar

Acquisition and Investments Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)VIE	Dec. 31, 2016USD ($)VIE
Schedule of Equity Method Investments [Line Items]
Number of Variable Interest Entities with Debt | VIE		0	0
Revolving credit facility, maximum borrowing capacity		$ 750
Guarantees, Fair Value Disclosure		$ 48.8	$ 31.7
MillerCoors
Schedule of Equity Method Investments [Line Items]
Accelerated depreciation expense	$ 35.9

Acquisition and Investments Una

Acquisition and Investments Unaudited Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 11, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Oct. 10, 2016
Business Acquisition [Line Items]
Amortization of Debt Issuance Costs		$ 3.7
MillerCoors
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 12,000
Net sales				$ 2,461.4
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax				257.4
Business Acquisition, Pro Forma Net Income (Loss)				$ 256.9
Basic net income (loss) attributable to Molson Coors Brewing Company per share				$ 1.20
Diluted net income (loss) attributable to Molson Coors Brewing Company per share				$ 1.19
Business Acquisition, Percentage of Voting Interests Acquired					50.00%
Finite-Lived Intangible Assets, Purchase Accounting Adjustments			$ 70
Marketing, General and Administrative Expenses [Member] | MillerCoors
Business Acquisition [Line Items]
Business Acquisition, Other Transaction Costs				$ 14.9
Interest Income [Member] | MillerCoors
Business Acquisition [Line Items]
Interest Income, Deposits with Financial Institutions				(2.5)
Bridge Loan | Other income (expense), net [Member] | MillerCoors
Business Acquisition [Line Items]
Amortization of Debt Issuance Costs				18.4
MillerCoors Acquisition Term Loan [Member] | Interest Expense [Member] | MillerCoors
Business Acquisition [Line Items]
Line of Credit Facility, Commitment Fee Amount				1.2
Swaption [Member] | Interest Expense [Member]
Business Acquisition [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net				21.1
Swaption [Member] | Interest Expense [Member] | MillerCoors
Business Acquisition [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net				$ 21.1
MillerCoors
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage				42.00%	42.00%

Share-Based Payments Compensati

Share-Based Payments Compensation Expense (Details) - Options and Sosars [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense (in dollars)	$ 15.5	$ 6.7
Tax benefit (in dollars)	(5.3)	(1.9)
After-tax compensation expense (in dollars)	$ 10.2	$ 4.8

Share-Based Payments Non-vested

Share-Based Payments Non-vested (Details) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
RSUs and DSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested awards outstanding at the beginning of the period (in shares)	0.8
Granted (in shares)	0.3
Vested (in shares)	(0.3)
Converted (in shares)	0.3
Forfeited (in shares)	0
Non-vested awards outstanding at the end of the period (in shares)	1.1
Non-vested, weighted-average grant date fair value at the beginning of the period (in dollars per unit)	$ 87.01
Granted, weighted-average grant date fair value (in dollars per unit)	92
Vested, weighted-average grant date fair value (in dollars per unit)	76.67
Converted, weighted-average grant date fair value (in dollars per unit)	106.17
Forfeited, weighted-average grant date fair value (in dollars per unit)	0
Non-vested, weighted-average grant date fair value at the end of the period (in dollars per unit)	$ 95.21
PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested awards outstanding at the beginning of the period (in shares)	0.5
Granted (in shares)	0.2
Vested (in shares)	(0.2)
Converted (in shares)	(0.1)
Forfeited (in shares)	0
Non-vested awards outstanding at the end of the period (in shares)	0.4
Non-vested, weighted-average grant date fair value at the beginning of the period (in dollars per unit)	$ 81.67
Granted, weighted-average grant date fair value (in dollars per unit)	97.13	$ 90.49
Vested, weighted-average grant date fair value (in dollars per unit)	57.29
Converted, weighted-average grant date fair value (in dollars per unit)	106.17
Forfeited, weighted-average grant date fair value (in dollars per unit)	0
Non-vested, weighted-average grant date fair value at the end of the period (in dollars per unit)	89.44
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value, Amount Per Share	$ 103.82

Share-Based Payments Stock Opti

Share-Based Payments Stock Options (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds and Excess Tax Benefit from Share-based Compensation	$ 17	$ 6.1
Options and Sosars [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at the beginning of the period (in shares)	1.5
Granted (in shares)	0.2
Exercised (in shares)	(0.1)
Forfeited (in shares)	0
Outstanding at the end of the period (in shares)	1.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Number	0.4
Exercisable (in shares)	1.2
Weighted-average exercise price of shares outstanding, beginning of the period (in dollars per share)	$ 59.79
Weighted-average exercise price of shares granted (in dollars per share)	96.77
Weighted-average exercise price of shares exercised (in dollars per share)	54.81
Weighted-average exercise price of shares forfeited (in dollars per share)	0
Weighted-average exercise price of shares outstanding, end of the period (in dollars per share)	63.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Weighted Average Exercise Price	89.67
Weighted-average exercise price of shares exercisable (in dollars per share)	$ 56.28
Weighted-average remaining contractual life, outstanding (in years)	5 years 10 months 24 days		5 years 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	9 years 2 months 12 days
Weighted-average remaining contractual life, exercisable (in years)	4 years 10 months 24 days
Aggregate intrinsic value of shares outstanding (in dollars)	$ 58.2
Aggregate intrinsic value of shares outstanding (in dollars)	51.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected to Vest, Outstanding, Aggregate Intrinsic Value	2.3
Aggregate intrinsic value of shares exercisable (in dollars)	$ 49

Share-Based Payments Weighted A

Share-Based Payments Weighted Average Assumptions (Details) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Options and Sosars [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (as a percent)	2.04%	1.40%
Dividend yield (as a percent)	1.64%	1.81%
Weighted-average volatility (as a percent)	22.52%	23.53%
Expected term	5 years 1 month 21 days	5 years 2 months 12 days
Weighted-average fair market value	$ 18.66	$ 16.65
Options and Sosars [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility rate (percent)	22.40%	23.16%
Options and Sosars [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility rate (percent)	22.88%	24.64%
PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (as a percent)	1.59%	1.04%
Dividend yield (as a percent)	1.64%	1.81%
Weighted-average volatility (as a percent)	24.24%	23.68%
Expected term	2 years 9 months 22 days	2 years 9 months 22 days
Weighted-average fair market value	$ 97.13	$ 90.49
PSUs [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility rate (percent)	13.71%	14.10%
PSUs [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility rate (percent)	80.59%	77.11%

Share-Based Payments Narrative

Share-Based Payments Narrative (Details) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)planshares	Mar. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense related to non-vested shares from share-based compensation arrangements (in dollars)	$ 103.9
Weighted-average period over which compensation expense is expected to be recognized (in years)	2 years 1 month 6 days
Proceeds from Stock Plans	$ 0.3	$ 4.2
Proceeds and Excess Tax Benefit from Share-based Compensation	$ 17	6.1
Class B common stock, non-voting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock approved by Board of Directors and available for issuance (in shares) | shares	4.3
PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Options and Sosars [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value	$ 4.8	7.7
Proceeds from Stock Plans	$ 0.3	$ 4.2
MCBC Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of incentive compensation plans | plan	1

Special Items Summary Special I

Special Items Summary Special Items (Details) CAD in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Oct. 10, 2016	Mar. 31, 2016CAD	Mar. 31, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Accounts and Other Receivables, Net, Current				CAD 183.1	$ 140.8
Special items	$ 3.8	$ (108.6)
OPEB Recognized Net (Gain) Loss Due to Curtailments	(2.9)	0
Intangible asset write-off	55.2	9.6
MillerCoors
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation expense		35.9
MCBC economic interest			42.00%	42.00%	42.00%
Other Employee-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Special items	0.9	(1.6)
UNITED STATES | Asset Abandonment [Member]
Restructuring Cost and Reserve [Line Items]
Special items	2	0
Canada [Member] | Other Employee-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
OPEB Recognized Net (Gain) Loss Due to Curtailments	(2.9)	0
Canada [Member] | Asset Abandonment [Member]
Restructuring Cost and Reserve [Line Items]
Special items	1.2	1.1
Accelerated depreciation expense	1.2	1.1
Canada [Member] | Sale of Asset [Member]
Restructuring Cost and Reserve [Line Items]
Unusual or Infrequent Item, Gain, Gross	0	(110.4)
Europe [Member] | Asset Abandonment [Member]
Restructuring Cost and Reserve [Line Items]
Special items	2.6	2.3
Burton South [Member] | Europe [Member]
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation expense	2.2	1.9
Business Exit Costs	$ 2.6	$ 2.3

Special Items Severance and Oth

Special Items Severance and Other Employee Related (Details) $ in Millions	3 Months Ended		12 Months Ended		24 Months Ended
	Mar. 31, 2017USD ($)employee	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)employee	Dec. 31, 2014employee	Dec. 31, 2015USD ($)employee
Severance and other employee-related costs [Member]
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	$ 14.7	$ 9.2
Charges incurred	0.9
Payments made	(4.3)	(1.7)
Changes in estimates		(1.6)
Foreign currency and other adjustments	0	0
Ending balance of restructuring accruals	11.3	5.9	$ 9.2		$ 9.2
Severance and other employee-related costs [Member] | Canada [Member]
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	5.9	2.3
Charges incurred	0
Payments made	(0.4)	(0.1)
Changes in estimates		0
Foreign currency and other adjustments	0	0.1
Ending balance of restructuring accruals	5.5	2.3	2.3		2.3
Severance and other employee-related costs [Member] | Europe [Member]
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	2.8	5.6
Charges incurred	0
Payments made	(0.3)	(0.3)
Changes in estimates		(1.6)
Foreign currency and other adjustments	0	(0.1)
Ending balance of restructuring accruals	2.5	3.6	5.6		5.6
Severance and other employee-related costs [Member] | MCI [Member]
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	0.2	1.3
Charges incurred	0.3
Payments made	0	(1.3)
Changes in estimates		0
Foreign currency and other adjustments	0	0
Ending balance of restructuring accruals	0.5	0	1.3		1.3
Severance and other employee-related costs [Member] | Corporate [Member]
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	0.7	0
Charges incurred	0.1
Payments made	0	0
Changes in estimates		0
Foreign currency and other adjustments	0	0
Ending balance of restructuring accruals	$ 0.8	0	$ 0		$ 0
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee			331	72	403
Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Payment of severance obligations, term	12 months
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Payment of severance obligations, term	21 months
UNITED STATES
Changes in restructuring accruals [Roll Forward]
Beginning balance of restructuring accruals	$ 5.1	0
Charges incurred	0.5
Payments made	(3.6)	0
Changes in estimates		0
Restructuring Reserve, Translation and Other Adjustment	0	0
Ending balance of restructuring accruals	$ 2	$ 0	$ 0		$ 0
MillerCoors
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	63

Other Income and Expense (Detai

Other Income and Expense (Details) CAD in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017CAD	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)
Other income and expense:
Other income (expense), net		$ 0.4	$ (15.3)
Bridge Facility Fees [Member]
Other income and expense:
Other Nonoperating Income (Expense)		0	(18.4)
Other Foreign Exchange and Derivative Activity [Member]
Other income and expense:
Other income (expense), net		(8.2)	3.7
Other income (expense), net [Member]
Other income and expense:
Other income (expense), net		8.6	$ (0.6)
Affiliated Entity [Member] | Purchase Price Adjustment [Member]
Other income and expense:
Other income (expense), net	CAD 10.6	$ 8.1

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Loss Carryforwards [Line Items]
Effective tax rate (as a percent)	24.00%	9.00%
Federal statutory income tax rate (percent)	35.00%
Net discrete tax expense (benefit)	$ 8.4	$ 5.7

Earnings per Share ("EPS") Basi

Earnings per Share ("EPS") Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amounts attributable to MCBC
Net income (loss) from continuing operations	$ 201.9	$ 163.2
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) attributable to Molson Coors Brewing Company	$ 201.3	$ 162.7
Weighted average shares for basic EPS (in shares)	215	203.6
Effect of dilutive securities:
Weighted average shares for diluted EPS (in shares)	216.5	205.1
Basic net income (loss) per share:
Continuing operations attributable to MCBC (in dollars per share)	$ 0.94	$ 0.80
Discontinued operations attributable to MCBC (in dollars per share)	0	0
Basic net income (loss) attributable to Molson Coors Brewing Company per share	0.94	0.80
Diluted net income (loss) per share:
Continuing operations attributable to MCBC (in dollars per share)	0.93	0.80
Discontinued operations attributable to MCBC (in dollars per share)	0	0
Diluted net income (loss) attributable to Molson Coors Brewing Company per share	0.93	0.80
Dividends declared and paid per share (in dollars per share)	$ 0.41	$ 0.41
RSU DSU PU PSU [Member]
Effect of dilutive securities:
Effect of dilutive securities of RSU's, DSU's, PSU's, Options and SOSAR's	0.9	1
Options and Sosars [Member]
Effect of dilutive securities:
Effect of dilutive securities of RSU's, DSU's, PSU's, Options and SOSAR's	0.6	0.5

Earnings per Share ("EPS") Anti

Earnings per Share ("EPS") Antidilutive (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
RSUs, stock options and SOSARs
Anti-dilutive securities:
Antidilutive securities (in shares)	0.2	0.1

Earnings per Share ("EPS") Clas

Earnings per Share ("EPS") Class B Common Stock Equity Issuance (Details) - USD ($) shares in Millions, $ in Millions	Feb. 03, 2016	Mar. 31, 2016
Earnings Per Share [Abstract]
Stock Issued During Period, Shares, New Issues	29.9
Stock Issued During Period, Value, New Issues	$ 2,500	$ 2,525.6

Goodwill (Details)

Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill activity:
Balance at beginning of year	$ 8,250.1
Foreign currency translation	26.1
Balance at end of year	8,276.2
Canada [Member]
Goodwill activity:
Balance at beginning of year	567.6
Foreign currency translation	5.3
Balance at end of year	572.9
Europe [Member]
Goodwill activity:
Balance at beginning of year	1,260.5
Foreign currency translation	20.5
Balance at end of year	1,281
MCI [Member]
Goodwill activity:
Balance at beginning of year	6.4
Foreign currency translation	0.3
Balance at end of year	6.7
UNITED STATES
Goodwill activity:
Balance at beginning of year	6,415.6
Foreign currency translation	0
Balance at end of year	$ 6,415.6

Goodwill and Intangible Asset64

Goodwill and Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Details of intangible assets, other than goodwill:
Goodwill	$ 8,276.2		$ 8,250.1
Amortization of Intangible Assets	55.2	$ 9.6
Restructuring charges	3.8	$ (108.6)
Intangible assets subject to amortization:
Total Gross	14,496.3		14,435.9
Accumulated amortization	(463.7)		(404)
Total Net	14,032.6		14,031.9
Brands [Member]
Intangible assets subject to amortization:
Finite-Lived Intangible Assets, Gross	4,939.8		4,876.3
Accumulated amortization	(341.5)		(288.2)
Net	4,598.3		4,588.1
Indefinite-lived intangible assets	$ 8,098.8		$ 8,114.2
Brands [Member] | Minimum [Member]
Intangible assets subject to amortization:
Useful life	10 years		10 years
Brands [Member] | Maximum [Member]
Intangible assets subject to amortization:
Useful life	50 years		50 years
License agreements and distribution rights
Intangible assets subject to amortization:
Finite-Lived Intangible Assets, Gross	$ 227.6		$ 225.9
Accumulated amortization	(92.5)		(89.4)
Net	$ 135.1		$ 136.5
License agreements and distribution rights | Minimum [Member]
Intangible assets subject to amortization:
Useful life	15 years		15 years
License agreements and distribution rights | Maximum [Member]
Intangible assets subject to amortization:
Useful life	28 years		28 years
Distribution Networks [Member]
Intangible assets subject to amortization:
Indefinite-lived intangible assets	$ 759.6		$ 752.6
Other Intangible Assets [Member]
Intangible assets subject to amortization:
Finite-Lived Intangible Assets, Gross	133		129.3
Accumulated amortization	(29.7)		(26.4)
Net	103.3		102.9
Indefinite-lived intangible assets	$ 337.5		$ 337.6
Other Intangible Assets [Member] | Minimum [Member]
Intangible assets subject to amortization:
Useful life	2 years		2 years
Other Intangible Assets [Member] | Maximum [Member]
Intangible assets subject to amortization:
Useful life	40 years		40 years
Canada [Member]
Details of intangible assets, other than goodwill:
Goodwill	$ 572.9		$ 567.6
Percentage Of Fair Value Exceeding Carrying Value			29.00%
Europe [Member]
Details of intangible assets, other than goodwill:
Goodwill	$ 1,281		$ 1,260.5
Percentage Of Fair Value Exceeding Carrying Value			14.00%

Goodwill and Intangible Asset65

Goodwill and Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Estimated amortization expense of finite-lived intangible assets
2017 - remaining	$ 161.5
2,018	214.4
2,019	213.4
2,020	212.4
2,021	207
Amortization expense of intangible assets	$ 55.2	$ 9.6
Canada [Member]
Estimated amortization expense of finite-lived intangible assets
Percentage Of Fair Value Exceeding Carrying Value			29.00%

Goodwill and Intangible Asset66

Goodwill and Intangible Assets India Triggering Event and Iterim Impairment Assessment (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Goodwill	$ 8,276.2	$ 8,250.1
MCI [Member]
Subsequent Event [Line Items]
Goodwill	$ 6.7	$ 6.4

Debt Schedule (Details)

Debt Schedule (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	May 03, 2012
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 11,400.7	$ 9,842.2
Less: unamortized debt discounts	(84.5)	(85)
Current portion of long-term debt	(675.3)	(671.7)
Total long-term debt	11,443.1	11,387.7
Commercial Paper	130	0
Overdraft facility	26.5	2.6
Short-term facilities	8.6	7
Other short-term borrowings	2.6	3.5
Current portion of long-term debt and short-term borrowings	843	684.8
Credit facilities [Member] | Japanese Yen [Member]
Debt Instrument [Line Items]
Short-term facilities	8.6	7
MillerCoors Acquisition Term Loan [Member]
Debt Instrument [Line Items]
Long-term debt, carrying amount	800	2,300
Other Long-Term Debt [Member]
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 2.2	$ 2.2
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 1,900

Debt Schedule (Narrative) (Deta

Debt Schedule (Narrative) (Details) € in Millions, $ in Millions	Mar. 15, 2017USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Apr. 18, 2017USD ($)	Mar. 15, 2017EUR (€)	Mar. 15, 2017USD ($)	Dec. 31, 2016USD ($)	May 03, 2012USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 620					$ 750
Debt Instrument, Interest Rate Terms	0.35% + 3-month EURIBOR
Overdraft facility		26.5					2.6
Short-term Debt		8.6					7
Amortization of Debt Issuance Costs		3.7
Commercial Paper		130					0
Central Europe [Member]
Debt Instrument [Line Items]
Overdraft facility		26.5					2.6
Bank cash		38.2					18
Bank cash, net of overdrafts		11.7					15.4
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount								$ 1,900
Five Year Tranche [Member]
Debt Instrument [Line Items]
Debt Instrument, Annual Principal Payment				$ 50
CAD Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes		1,801.9					1,785.6
USD Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes		8,214					7,215.2
EUR Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes		$ 1,384.8					$ 841.4
MillerCoors Acquisition Term Loan and Bridge Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		3.16%
MillerCoors Acquisition Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage							1.98%
MillerCoors Acquisition Term Loan [Member] | Three Year Tranche [Member]
Debt Instrument [Line Items]
Debt Instrument, Annual Principal Payment		$ 800
MillerCoors Acquisition Term Loan [Member] | Five Year Tranche [Member]
Debt Instrument [Line Items]
Debt Instrument, Annual Principal Payment		700
2016 Notes [Member]
Debt Instrument [Line Items]
Senior Notes						$ 1,500
Proceeds from Debt, Net of Issuance Costs	$ 1,500
2016 Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount						1,000
Two Thousand Seventeen Notes [Member]
Debt Instrument [Line Items]
Underwriting Fees Related to Long-term Debt	$ 3.1
Debt Instrument, Unamortized Discount						0.7
2016 Notes [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Gross						6
$300 million 2.0% notes due 2017 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, fair value adjustment		(0.2)
Debt Instrument, Face Amount						$ 500
Debt Instrument, Interest Rate, Stated Percentage					1.90%	1.90%
$500 million 2.25% notes due 2021 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, fair value adjustment		$ (0.1)
Debt Instrument, Face Amount						$ 500
Debt Instrument, Interest Rate, Stated Percentage					2.25%	2.25%
Two Thousand Seventeen EUR Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount | €					€ 500
Interest Expense [Member] | MillerCoors Acquisition Term Loan [Member]
Debt Instrument [Line Items]
Other Financing Costs and Amortization of Financing Costs			$ 1.8
MillerCoors | Interest Income [Member]
Debt Instrument [Line Items]
Interest Income, Deposits with Financial Institutions			$ 2.5
Commercial Paper [Member]
Debt Instrument [Line Items]
Short-term Debt, Weighted Average Interest Rate		1.26%
Weighted Average Interest Rate, Term		21 days
Quarter To Date [Member] | 2017 Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		2.95%					3.33%

Debt Fair Value Measurements (D

Debt Fair Value Measurements (Details) - USD ($) $ in Billions	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Long-term debt, fair value	$ 12.1	$ 12

Debt Acquisition and Other (Nar

Debt Acquisition and Other (Narrative) (Details) - USD ($) $ in Millions	Oct. 11, 2016	Mar. 31, 2017	Mar. 31, 2016	Apr. 18, 2017
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 750
EUR 2017 Notes USD Equivalent [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.35%
Debt Instrument, Description of Variable Rate Basis	EURIBOR
Interest Expense [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Other Financing Costs and Amortization of Financing Costs			$ 1.8
Three Year Tranche [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Annual Principal Payment		800
Five Year Tranche [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Annual Principal Payment				$ 50
Five Year Tranche [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Annual Principal Payment		$ 700
MillerCoors | Revolving Multicurrency Bank Credit Facility [Member]
Line of Credit Facility [Line Items]
Leverage Ratio Following Acquisition		5.75x
Leverage Ratio In Fourth Year Following Acquisition		3.75x
Lenders Party Thereto and Citibank | MillerCoors | Interest Expense [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Other Financing Costs and Amortization of Financing Costs		$ 4
Lenders Party Thereto and Citibank | MillerCoors | Three Year Tranche [Member] | Three Year Tranche [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Debt instrument, term		3 years
Lenders Party Thereto and Citibank | MillerCoors | Five Year Tranche [Member] | Five Year Tranche [Member] | MillerCoors Acquisition Term Loan [Member]
Line of Credit Facility [Line Items]
Debt instrument, term		5 years

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventory, Finished Goods, Net of Reserves	$ 263	$ 213.8
Inventory, Work in Process, Net of Reserves	91.2	81.6
Inventory, Raw Materials, Net of Reserves	250.5	238.5
Inventory, Supplies, Net of Reserves	58.8	58.8
Total inventories	$ 663.5	$ 592.7

Accumulated Other Comprehensi72

Accumulated Other Comprehensive Income (Loss) ("AOCI") Table 1 (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	$ (1,545.5)
As of March 31, 2017	(1,470.2)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	(994.1)
Foreign currency translation adjustments	75.2
Unrealized gain (loss) on derivative and non-derivative financial instruments	0
Reclassification of derivative (gain) loss to income	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	0
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	0
Tax benefit (expense)	6
As of March 31, 2017	(912.9)
Gain (loss) on derivative instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	21.2
Foreign currency translation adjustments	0
Unrealized gain (loss) on derivative and non-derivative financial instruments	(12.2)
Reclassification of derivative (gain) loss to income	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	0
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	0
Tax benefit (expense)	3.6
As of March 31, 2017	12.6
Pension and postretirement benefit adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	(502.7)
Foreign currency translation adjustments	0
Unrealized gain (loss) on derivative and non-derivative financial instruments	0
Reclassification of derivative (gain) loss to income	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	2.3
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	0
Tax benefit (expense)	(0.7)
As of March 31, 2017	(501.1)
Equity method investments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	(69.9)
Foreign currency translation adjustments	0
Unrealized gain (loss) on derivative and non-derivative financial instruments	0
Reclassification of derivative (gain) loss to income	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	0
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	1.5
Tax benefit (expense)	(0.4)
As of March 31, 2017	(68.8)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
As of December 31, 2016	(1,545.5)
Foreign currency translation adjustments	75.2
Unrealized gain (loss) on derivative and non-derivative financial instruments	(12.2)
Reclassification of derivative (gain) loss to income	0
Amortization of net prior service (benefit) cost and net actuarial (gain) loss to income	2.3
Ownership share of unconsolidated subsidiaries' other comprehensive income (loss)	1.5
Tax benefit (expense)	8.5
As of March 31, 2017	$ (1,470.2)

Accumulated Other Comprehensi73

Accumulated Other Comprehensive Income (Loss) ("AOCI") Table 2 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Foreign currency forwards	$ 1,372.9	$ 414
Total income (loss) reclassified, before tax	208.4	164
Income tax benefit (expense)	(64.6)	(16.7)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net income (loss) reclassified, net of tax	(1.6)	(4.6)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gain/(loss) on cash flow hedges [Member]
Total income (loss) reclassified, before tax	0	2.6
Income tax benefit (expense)	0	(0.2)
Net income (loss) reclassified, net of tax	0	2.4
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gain/(loss) on cash flow hedges [Member] | Other income (expense), net [Member]
Foreign currency forwards, other	(0.9)	(1.9)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gain/(loss) on cash flow hedges [Member] | Cost of goods sold [Member]
Foreign currency forwards	1.9	5.4
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gain/(loss) on cash flow hedges [Member] | Forward starting interest rate swaps [Member] | Interest expense, net [Member]
Forward starting interest rate swaps	(1)	(0.9)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of defined benefit pension and other postretirement benefit plan items [Member]
Prior service benefit (cost)	(0.2)	(0.2)
Net actuarial gain (loss)	(2.1)	(7.7)
Total income (loss) reclassified, before tax	(2.3)	(7.9)
Income tax benefit (expense)	0.7	0.9
Net income (loss) reclassified, net of tax	$ (1.6)	$ (7)

Derivative Instruments and He74

Derivative Instruments and Hedging Activities Narrative (Details) € in Millions, $ in Millions	Mar. 15, 2017USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2020	Mar. 15, 2017EUR (€)	Mar. 15, 2017USD ($)	May 03, 2012USD ($)
Forecast [Member]
Schedule of Trading Securities and Other Trading Assets
Cash flow hedge gain (loss), recorded in AOCI to be reclassed within twelve months			$ 4
Term for expected gains recorded in AOCI			12 months
Maximum term of time in cash flow hedge				3 years
Fair Value Hedging [Member]
Schedule of Trading Securities and Other Trading Assets
Amount of gain (loss) recognized in income on derivative		$ (0.3)
Senior Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Debt Instrument, Face Amount							$ 1,900
Two Thousand Seventeen USD Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Senior Notes						$ 1,500
Two Thousand Seventeen USD Notes [Member] | Senior Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Debt Instrument, Face Amount						$ 1,000
Two Thousand Seventeen EUR Notes [Member] | Senior Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Debt Instrument, Face Amount | €					€ 500
$500 million 1.90% notes due 2019 [Member] | Senior Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Debt Instrument, Interest Rate, Stated Percentage					1.90%	1.90%
Debt Instrument, Face Amount						$ 500
$500 million 2.25% notes due 2021 [Member] | Senior Notes [Member]
Schedule of Trading Securities and Other Trading Assets
Debt Instrument, Interest Rate, Stated Percentage					2.25%	2.25%
Debt Instrument, Face Amount						$ 500
EUR 2017 Notes USD Equivalent [Member]
Schedule of Trading Securities and Other Trading Assets
Derivative, notional amount | €					€ 530
Foreign currency forwards [Member]
Schedule of Trading Securities and Other Trading Assets
Derivative, Gain (Loss) on Derivative, Net	$ 8.3
Interest rate swaps [Member] | Fair Value Hedging [Member] | Interest expense, net [Member]
Schedule of Trading Securities and Other Trading Assets
Amount of gain (loss) recognized in income on derivative		$ (0.3)
Foreign Exchange Contract [Member]
Schedule of Trading Securities and Other Trading Assets
Derivative, notional amount | €					€ 499

Derivative Instruments and He75

Derivative Instruments and Hedging Activities Derivative Fair Value (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value, Net	$ 0	$ 0
Fair Value, Inputs, Level 1 [Member] | Interest rate swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	0
Fair Value, Inputs, Level 1 [Member] | Foreign currency forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Fair Value, Inputs, Level 1 [Member] | Commodity swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0
Derivative Liability, Fair Value, Gross Liability		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value, Net	57.1	(3.7)
Fair Value, Inputs, Level 2 [Member] | Interest rate swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	(0.3)
Fair Value, Inputs, Level 2 [Member] | Foreign currency forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	7.8	14.4
Fair Value, Inputs, Level 2 [Member] | Commodity swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	49.6
Derivative Liability, Fair Value, Gross Liability		(18.1)
Significant unobservable inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value, Net	0	0
Significant unobservable inputs (Level 3) [Member] | Interest rate swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	0
Significant unobservable inputs (Level 3) [Member] | Foreign currency forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Significant unobservable inputs (Level 3) [Member] | Commodity swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0
Derivative Liability, Fair Value, Gross Liability		0
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value, Net	57.1	(3.7)
Reported Value Measurement [Member] | Interest rate swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	(0.3)
Reported Value Measurement [Member] | Foreign currency forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	7.8	14.4
Reported Value Measurement [Member] | Commodity swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 49.6
Derivative Liability, Fair Value, Gross Liability		$ (18.1)

Derivative Instruments and He76

Derivative Instruments and Hedging Activities Fair Value Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Designated as Hedging Instrument [Member]
Derivatives designated as hedging instruments:
Derivative asset, fair value, designated as hedging instrument	$ 9.7	$ 15.3
Derivative liability, fair value, designated as hedging instrument	(2.2)	(0.9)
Designated as Hedging Instrument [Member] | Interest rate swaps [Member]
Derivatives designated as hedging instruments:
Derivative, notional amount	1,000
Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | Other current assets [Member]
Derivatives designated as hedging instruments:
Derivative asset, fair value, designated as hedging instrument	0
Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | Other non-current assets [Member]
Derivatives designated as hedging instruments:
Derivative asset, fair value, designated as hedging instrument	0
Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | Accounts payable and other current liabilities [Member]
Derivatives designated as hedging instruments:
Derivative liability, fair value, designated as hedging instrument	0
Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | Other liabilities [Member]
Derivatives designated as hedging instruments:
Derivative liability, fair value, designated as hedging instrument	(0.3)
Designated as Hedging Instrument [Member] | Foreign currency forwards [Member] | Other current assets [Member]
Derivatives designated as hedging instruments:
Derivative asset, fair value, designated as hedging instrument	8.3	12
Designated as Hedging Instrument [Member] | Foreign currency forwards [Member] | Other non-current assets [Member]
Derivatives designated as hedging instruments:
Derivative asset, fair value, designated as hedging instrument	1.4	3.3
Designated as Hedging Instrument [Member] | Foreign currency forwards [Member] | Accounts payable and other current liabilities [Member]
Derivatives designated as hedging instruments:
Derivative liability, fair value, designated as hedging instrument	(0.8)	(0.3)
Designated as Hedging Instrument [Member] | Foreign currency forwards [Member] | Other liabilities [Member]
Derivatives designated as hedging instruments:
Derivative liability, fair value, designated as hedging instrument	(1.1)	(0.6)
Not Designated as Hedging Instrument [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	65.2	24.4
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	(15.6)	(42.5)
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member]
Derivatives designated as hedging instruments:
Derivative, notional amount	729.1	791.4
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member] | Other current assets [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	26.9	11.8
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member] | Other non-current assets [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	38.1	12.6
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member] | Accounts payable and other current liabilities [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	(8.7)	(23.3)
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member] | Other liabilities [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	(6.7)	(19.2)
Not Designated as Hedging Instrument [Member] | Commodity Option [Member]
Derivatives designated as hedging instruments:
Derivative, notional amount	13.6	13.6
Not Designated as Hedging Instrument [Member] | Commodity Option [Member] | Other current assets [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0.1
Not Designated as Hedging Instrument [Member] | Commodity Option [Member] | Other non-current assets [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0.1	0
Not Designated as Hedging Instrument [Member] | Commodity Option [Member] | Accounts payable and other current liabilities [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	(0.1)
Not Designated as Hedging Instrument [Member] | Commodity Option [Member] | Other liabilities [Member]
Derivatives not designated as hedging instruments:
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	(0.1)	0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign currency forwards [Member]
Derivatives designated as hedging instruments:
Derivative, notional amount	$ 332	$ 329.4

Derivative Instruments and He77

Derivative Instruments and Hedging Activities Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (5.5)	$ (21.6)
Foreign currency translation adjustments	(6.7)
Amount of gain (loss) recognized from AOCI on derivative (effective portion)	0	2.6
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	0
Cash Flow Hedging [Member] | Forward starting interest rate swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	0
Cash Flow Hedging [Member] | Forward starting interest rate swap [Member] | Interest expense, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized from AOCI on derivative (effective portion)	(1)	(0.9)
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	0	0
Cash Flow Hedging [Member] | Foreign currency forwards [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(5.5)	(21.6)
Cash Flow Hedging [Member] | Foreign currency forwards [Member] | Other income (expense), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized from AOCI on derivative (effective portion)	(0.9)	(1.9)
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	0	0
Cash Flow Hedging [Member] | Foreign currency forwards [Member] | Cost of goods sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized from AOCI on derivative (effective portion)	1.9	5.4
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	0	$ 0
Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in income on derivative	(0.3)
Senior Notes [Member] | Cash Flow Hedging [Member] | Other income (expense), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency translation adjustments	4.1
EUR 800 million 1.25% notes due 2024 [Member] | Senior Notes [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	0
EUR 800 million 1.25% notes due 2024 [Member] | Senior Notes [Member] | Cash Flow Hedging [Member] | Other income (expense), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency translation adjustments	(10.8)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	$ 0

Derivative Instruments and He78

Derivative Instruments and Hedging Activities Other Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Swaption [Member] | Interest Expense [Member]
Gain (Loss) on Derivative Instruments:
Amount of Gain (Loss) Recognized in Income on Derivative		$ (21.1)
Not Designated as Hedging Instrument [Member]
Gain (Loss) on Derivative Instruments:
Amount of Gain (Loss) Recognized in Income on Derivative	$ 57.4	(22.8)
Not Designated as Hedging Instrument [Member] | Commodity swaps [Member] | Cost of goods sold [Member]
Gain (Loss) on Derivative Instruments:
Amount of Gain (Loss) Recognized in Income on Derivative	65.7	(1.6)
Not Designated as Hedging Instrument [Member] | Foreign currency forwards [Member] | Other income (expense), net [Member]
Gain (Loss) on Derivative Instruments:
Amount of Gain (Loss) Recognized in Income on Derivative	(8.3)	$ (0.1)
Fair Value Hedging [Member]
Gain (Loss) on Derivative Instruments:
Amount of gain (loss) recognized in income on derivative	(0.3)
Fair Value Hedging [Member] | Interest rate swaps [Member] | Interest Expense [Member]
Gain (Loss) on Derivative Instruments:
Amount of gain (loss) recognized in income on derivative	$ (0.3)

Pension and Other Postretirem79

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net periodic pension and OPEB costs:
Service cost - benefits earned during the year	$ 4.4	$ 2.4
Interest cost on projected benefit obligation	59.1	33.2
Expected return on plan assets	(66)	(39.5)
Amortization of prior service cost (benefit)	0.2	0.2
Amortization of net actuarial loss (gain)	5	7.7
OPEB Recognized Net (Gain) Loss Due to Curtailments	2.9	0
Defined Benefit Plan Expected Participant Contributions	(0.2)	(0.1)
Net periodic pension and OPEB cost	(0.4)	3.9
Contributions paid to defined benefit plans	36
Defined Benefit Plans
Net periodic pension and OPEB costs:
Service cost - benefits earned during the year	1.8	1.8
Interest cost on projected benefit obligation	51.5	31.9
Expected return on plan assets	(66.1)	(39.5)
Amortization of prior service cost (benefit)	0.2	0.2
Amortization of net actuarial loss (gain)	5	7.7
OPEB Recognized Net (Gain) Loss Due to Curtailments	0	0
Defined Benefit Plan Expected Participant Contributions	(0.2)	(0.1)
Net periodic pension and OPEB cost	(7.8)	2
Other Postretirement Benefits
Net periodic pension and OPEB costs:
Service cost - benefits earned during the year	2.6	0.6
Interest cost on projected benefit obligation	7.6	1.3
Expected return on plan assets	0.1	0
Amortization of prior service cost (benefit)	0	0
Amortization of net actuarial loss (gain)	0	0
OPEB Recognized Net (Gain) Loss Due to Curtailments	2.9	0
Defined Benefit Plan Expected Participant Contributions	0	0
Net periodic pension and OPEB cost	7.4	$ 1.9
Minimum [Member]
Net periodic pension and OPEB costs:
Defined Benefit Plan, Expected Contributions in Current Fiscal Year	100
Maximum [Member]
Net periodic pension and OPEB costs:
Defined Benefit Plan, Expected Contributions in Current Fiscal Year	$ 120

Commitments and Contingencies L

Commitments and Contingencies Loss Contingency (Details) CAD in Millions, $ in Millions	Dec. 12, 2014CAD	Dec. 31, 2009CAD	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 1990USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual, Period Increase (Decrease)			$ 50
Guarantor Obligations, Current Carrying Value			48.8		$ 31.7
Guarantees
Letter of credit provided to entity | CAD		CAD 10
Litigation and Other Disputes
Accrued liabilities, litigations and disputes			26		27.7
Loss contingency, possible loss, portion not accrued			$ 136
Loss Contingency Accrual, Provision					50
Kaiser Tax, Civil and Labor Indemnity Reserve [Member]
Loss Contingencies [Line Items]
Equity interest sold (as a percent)			68.00%
Environmental matters Lowry [Member]
Environmental
Environmental remediation expense, pretax charge						$ 30
Environmental remediation threshold, assumed remediation cost			$ 120
Inflation rate assumption, future costs (as a percent)			2.50%
Risk free rate of return assumption (as a percent)			2.71%
Site contingency, accrual, present value			$ 3
Site contingency, accrual, undiscounted amount			6
David Hughes and 631992 Ontario Inc [Member]
Litigation and Other Disputes
Loss contingency, damages sought | CAD	CAD 1,400
Cervejarias Kaiser Brasil S.A. [Member]
Loss Contingencies [Line Items]
Gain (loss) discontinued operations			(0.6)	$ (0.5)
Other Noncurrent Liabilities [Member] | Canada [Member]
Loss Contingencies [Line Items]
Guarantor Obligations, Current Carrying Value			4.5		$ 4.4
Maximum [Member]
Litigation and Other Disputes
Loss Contingency, Estimate of Possible Loss			142
Maximum [Member] | Kaiser purchased tax credits indemnity reserve, category two
Litigation and Other Disputes
Loss Contingency, Estimate of Possible Loss			112.1
Maximum [Member] | Kaiser Tax, Civil and Labor Indemnity Reserve [Member]
Litigation and Other Disputes
Loss Contingency, Estimate of Possible Loss			$ 68

Supplemental Guarantor Inform81

Supplemental Guarantor Information Supplemental Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016	Jul. 07, 2016	May 03, 2012
Comprehensive income (loss) attributable to Molson Coors Brewing Company	$ 419,700,000
Stockholders' Equity Attributable to Parent		$ 11,598,300,000	$ 11,418,700,000
Parent Company [Member]
Comprehensive income (loss) attributable to Molson Coors Brewing Company	$ 419,700,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		22,933,300,000	22,506,300,000
Stockholders' Equity Attributable to Parent		$ 11,598,300,000	$ 11,418,700,000
Senior Notes [Member]
Debt Instrument, Face Amount					$ 1,900,000,000
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2017 $300M 2.0% [Member]
Debt Instrument, Face Amount					$ 300,000,000
Debt instrument, interest rate percentage					2.00%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2022 $500M 3.5% [Member]
Debt Instrument, Face Amount					$ 500,000,000
Debt instrument, interest rate percentage					3.50%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2042 $1.1B 5.0% [Member]
Debt Instrument, Face Amount					$ 1,100,000,000
Debt instrument, interest rate percentage					5.00%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2019 $500M 1.45% [Member]
Debt Instrument, Face Amount				$ 500,000,000
Debt instrument, interest rate percentage				1.45%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2021 $1B 2.1% [Member]
Debt Instrument, Face Amount				$ 1,000,000,000
Debt instrument, interest rate percentage				2.10%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2026 $2B 3.0% [Member]
Debt Instrument, Face Amount				$ 2,000,000,000
Debt instrument, interest rate percentage				3.00%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2046 $1.8B 4.2% [Member]
Debt Instrument, Face Amount				$ 1,800,000,000
Debt instrument, interest rate percentage				4.20%
Senior Notes [Member] | Parent Company [Member] | Senior Notes Due 2024 EUR800M 1.25% [Member]
Debt Instrument, Face Amount				$ 800,000,000
Debt instrument, interest rate percentage				1.25%

Supplemental Guarantor Inform82

Supplemental Guarantor Information Income statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	$ 2,913.8	$ 950.8
Excise taxes	(465.1)	(293.6)
Net sales	2,448.7	657.2
Cost of goods sold	(1,372.9)	(414)
Gross profit	1,075.8	243.2
Marketing, general and administrative expenses	(702.8)	(250.9)
Special items, net	(3.8)	108.6
Equity income in MillerCoors	0	142.4
Operating income (loss)	369.2	243.3
Interest income (expense), net	(96.6)	(47.3)
Other income (expense), net	0.4	(15.3)
Income (loss) from continuing operations before income taxes	273	180.7
Income tax benefit (expense)	(64.6)	(16.7)
Net Income (loss) from continuing operations	208.4	164
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) including noncontrolling interests	207.8	163.5
Net (income) loss attributable to noncontrolling interests	(6.5)	(0.8)
Net income (loss) attributable to Molson Coors Brewing Company	201.3	162.7
Comprehensive income (loss) attributable to Molson Coors Brewing Company		419.7
Parent Company [Member]
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	7	6.6
Excise taxes	0	0
Net sales	7	6.6
Cost of goods sold	0	0
Gross profit	7	6.6
Marketing, general and administrative expenses	(67.7)	(47)
Special items, net	(0.5)	0
Equity income (loss) in subsidiaries	338.8	215.8
Equity income in MillerCoors		0
Operating income (loss)	277.6	175.4
Interest income (expense), net	(81.1)	(39.9)
Other income (expense), net	(8.2)	(18.3)
Income (loss) from continuing operations before income taxes	188.3	117.2
Income tax benefit (expense)	13	45.5
Net Income (loss) from continuing operations	201.3	162.7
Income (loss) from discontinued operations, net of tax	0	0
Net income (loss) including noncontrolling interests	201.3	162.7
Net (income) loss attributable to noncontrolling interests	0	0
Net income (loss) attributable to Molson Coors Brewing Company	201.3	162.7
Comprehensive income (loss) attributable to Molson Coors Brewing Company		419.7
Subsidiary Guarantors [Member]
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	2,376.6	375.9
Excise taxes	(325.7)	(84)
Net sales	2,050.9	291.9
Cost of goods sold	(1,143)	(163.7)
Gross profit	907.9	128.2
Marketing, general and administrative expenses	(497.6)	(79.8)
Special items, net	(0.7)	109.3
Equity income (loss) in subsidiaries	(78.1)	(113.4)
Equity income in MillerCoors		142.4
Operating income (loss)	331.5	186.7
Interest income (expense), net	58.9	69.2
Other income (expense), net	16.7	4.6
Income (loss) from continuing operations before income taxes	407.1	260.5
Income tax benefit (expense)	(68.1)	(85.4)
Net Income (loss) from continuing operations	339	175.1
Income (loss) from discontinued operations, net of tax	0	0
Net income (loss) including noncontrolling interests	339	175.1
Net (income) loss attributable to noncontrolling interests	0	0
Net income (loss) attributable to Molson Coors Brewing Company	339	175.1
Comprehensive income (loss) attributable to Molson Coors Brewing Company	412.9	408.8
Subsidiary Non Guarantors [Member]
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	650	595.3
Excise taxes	(139.4)	(209.6)
Net sales	510.6	385.7
Cost of goods sold	(339.4)	(270.4)
Gross profit	171.2	115.3
Marketing, general and administrative expenses	(147.8)	(131)
Special items, net	(2.6)	(0.7)
Equity income (loss) in subsidiaries	19	149.3
Equity income in MillerCoors		0
Operating income (loss)	39.8	132.9
Interest income (expense), net	(74.4)	(76.6)
Other income (expense), net	(8.1)	(1.6)
Income (loss) from continuing operations before income taxes	(42.7)	54.7
Income tax benefit (expense)	(9.5)	23.2
Net Income (loss) from continuing operations	(52.2)	77.9
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) including noncontrolling interests	(52.8)	77.4
Net (income) loss attributable to noncontrolling interests	(6.5)	(0.8)
Net income (loss) attributable to Molson Coors Brewing Company	(59.3)	76.6
Comprehensive income (loss) attributable to Molson Coors Brewing Company	(13.8)	99.4
Consolidated [Member]
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	2,913.8	950.8
Excise taxes	(465.1)	(293.6)
Net sales	2,448.7	657.2
Cost of goods sold	(1,372.9)	(414)
Gross profit	1,075.8	243.2
Marketing, general and administrative expenses	(702.8)	(250.9)
Special items, net	(3.8)	108.6
Equity income (loss) in subsidiaries	0	0
Equity income in MillerCoors		142.4
Operating income (loss)	369.2	243.3
Interest income (expense), net	(96.6)	(47.3)
Other income (expense), net	0.4	(15.3)
Income (loss) from continuing operations before income taxes	273	180.7
Income tax benefit (expense)	(64.6)	(16.7)
Net Income (loss) from continuing operations	208.4	164
Income (loss) from discontinued operations, net of tax	(0.6)	(0.5)
Net income (loss) including noncontrolling interests	207.8	163.5
Net (income) loss attributable to noncontrolling interests	(6.5)	(0.8)
Net income (loss) attributable to Molson Coors Brewing Company	201.3	162.7
Comprehensive income (loss) attributable to Molson Coors Brewing Company	276.6	419.7
Consolidation, Eliminations [Member]
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales Revenue, Goods, Gross	(119.8)	(27)
Excise taxes	0	0
Net sales	(119.8)	(27)
Cost of goods sold	109.5	20.1
Gross profit	(10.3)	(6.9)
Marketing, general and administrative expenses	10.3	6.9
Special items, net	0	0
Equity income (loss) in subsidiaries	(279.7)	(251.7)
Equity income in MillerCoors		0
Operating income (loss)	(279.7)	(251.7)
Interest income (expense), net	0	0
Other income (expense), net	0	0
Income (loss) from continuing operations before income taxes	(279.7)	(251.7)
Income tax benefit (expense)	0	0
Net Income (loss) from continuing operations	(279.7)	(251.7)
Income (loss) from discontinued operations, net of tax	0	0
Net income (loss) including noncontrolling interests	(279.7)	(251.7)
Net (income) loss attributable to noncontrolling interests	0	0
Net income (loss) attributable to Molson Coors Brewing Company	(279.7)	(251.7)
Comprehensive income (loss) attributable to Molson Coors Brewing Company	$ (399.1)	$ (508.2)

Supplemental Guarantor Inform83

Supplemental Guarantor Information Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 395	$ 560.9	$ 2,602.9	$ 430.9
Accounts receivable, net	756.5	669.5
Other receivables, net	166.5	135.8
Total inventories, net	663.5	592.7
Other current assets, net	297.7	210.7
Total current assets	2,279.2	2,169.6
Properties, net	4,528.8	4,507.4
Goodwill	8,276.2	8,250.1
Other intangibles, net	14,032.6	14,031.9
Total assets	29,542.9	29,341.5
Current liabilities:
Current portion of long-term debt and short-term borrowings	843	684.8
Discontinued operations	5.2	5
Total current liabilities	3,048.7	3,157.5
Long-term debt	11,443.1	11,387.7
Pension and postretirement benefits	1,157.9	1,196
Deferred tax liabilities	1,762.6	1,699
Discontinued operations	13.1	12.6
Total liabilities	17,732.6	17,719.8
MCBC stockholders' equity	11,598.3	11,418.7
Noncontrolling interests	212	203
Total equity	11,810.3	11,621.7	9,919.3	7,063.1
Total liabilities and equity	29,542.9	29,341.5
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Other receivables, net	0	0
Total inventories, net	0	0
Other current assets, net	0	0
Intercompany accounts receivable	(1,267)	(1,134.5)
Total current assets	(1,267)	(1,134.5)
Properties, net	0	0
Goodwill	0	0
Other intangibles, net	0	0
Net investment in and advances to subsidiaries	(30,830)	(30,382.6)
Other assets	(35)	(32.8)
Total assets	(32,132)	(31,549.9)
Accounts payable and other current liabilities	0	0
Current liabilities:
Current portion of long-term debt and short-term borrowings	0	0
Discontinued operations	0	0
Intercompany accounts payable	(1,267)	(1,134.5)
Total current liabilities	(1,267)	(1,134.5)
Long-term debt	0	0
Pension and postretirement benefits	0	0
Deferred tax liabilities	(35)	(32.8)
Other liabilities	0	0
Discontinued operations	0	0
Intercompany notes payable	(7,313)	(7,228.7)
Total liabilities	(8,615)	(8,396)
MCBC stockholders' equity	(30,830)	(30,382.6)
Intercompany notes receivable	7,313	7,228.7
Total stockholders' equity	(23,517)	(23,153.9)
Noncontrolling interests	0	0
Total equity	(23,517)	(23,153.9)
Total liabilities and equity	(32,132)	(31,549.9)
Parent Company [Member]
Current assets:
Cash and cash equivalents	41.9	147.3	2,416.5	146.4
Accounts receivable, net	0	0
Other receivables, net	44.5	43.6
Total inventories, net	0	0
Other current assets, net	16	1.3
Intercompany accounts receivable	0	0
Total current assets	102.4	192.2
Properties, net	27	27.5
Goodwill	0	0
Other intangibles, net	0	0
Net investment in and advances to subsidiaries	22,933.3	22,506.3
Other assets	80.7	80.2
Total assets	23,143.4	22,806.2
Accounts payable and other current liabilities	129.9	203.6
Current liabilities:
Current portion of long-term debt and short-term borrowings	430	299.9
Discontinued operations	0	0
Intercompany accounts payable	951.9	893.5
Total current liabilities	1,511.8	1,397
Long-term debt	10,021.4	9,979.4
Pension and postretirement benefits	2.6	2.6
Deferred tax liabilities	0	0
Other liabilities	10.4	9.6
Discontinued operations	0	0
Intercompany notes payable	0	0
Total liabilities	11,546.2	11,388.6
MCBC stockholders' equity	11,598.3	11,418.7
Intercompany notes receivable	(1.1)	(1.1)
Total stockholders' equity	11,597.2	11,417.6
Noncontrolling interests	0	0
Total equity	11,597.2	11,417.6
Total liabilities and equity	23,143.4	22,806.2
Subsidiary Guarantors [Member]
Current assets:
Cash and cash equivalents	91.4	141.5	41.8	106.2
Accounts receivable, net	436.1	374.8
Other receivables, net	76.7	53.8
Total inventories, net	517.5	466.6
Other current assets, net	207.3	139.3
Intercompany accounts receivable	1,219	1,098.5
Total current assets	2,548	2,274.5
Properties, net	3,456.4	3,459.9
Goodwill	6,649.7	6,647.5
Other intangibles, net	12,160	12,180.4
Net investment in and advances to subsidiaries	3,460.6	3,475.4
Other assets	178.1	161.7
Total assets	28,452.8	28,199.4
Accounts payable and other current liabilities	1,379.8	1,493.5
Current liabilities:
Current portion of long-term debt and short-term borrowings	375.1	371.7
Discontinued operations	0	0
Intercompany accounts payable	120.5	101.8
Total current liabilities	1,875.4	1,967
Long-term debt	1,421.6	1,408.2
Pension and postretirement benefits	1,141.9	1,181.2
Deferred tax liabilities	1,015.6	972
Other liabilities	206.5	229.2
Discontinued operations	0	0
Intercompany notes payable	1,360.3	1,360.3
Total liabilities	7,021.3	7,117.9
MCBC stockholders' equity	27,383	26,948.9
Intercompany notes receivable	(5,951.5)	(5,867.4)
Total stockholders' equity	21,431.5	21,081.5
Noncontrolling interests	0	0
Total equity	21,431.5	21,081.5
Total liabilities and equity	28,452.8	28,199.4
Subsidiary Non Guarantors [Member]
Current assets:
Cash and cash equivalents	261.7	272.1	144.6	178.3
Accounts receivable, net	320.4	294.7
Other receivables, net	45.3	38.4
Total inventories, net	146	126.1
Other current assets, net	74.4	70.1
Intercompany accounts receivable	48	36
Total current assets	895.8	837.4
Properties, net	1,045.4	1,020
Goodwill	1,626.5	1,602.6
Other intangibles, net	1,872.6	1,851.5
Net investment in and advances to subsidiaries	4,436.1	4,400.9
Other assets	202.3	173.4
Total assets	10,078.7	9,885.8
Accounts payable and other current liabilities	690.8	770.6
Current liabilities:
Current portion of long-term debt and short-term borrowings	37.9	13.2
Discontinued operations	5.2	5
Intercompany accounts payable	194.6	139.2
Total current liabilities	928.5	928
Long-term debt	0.1	0.1
Pension and postretirement benefits	13.4	12.2
Deferred tax liabilities	782	759.8
Other liabilities	90.3	28.2
Discontinued operations	13.1	12.6
Intercompany notes payable	5,952.7	5,868.4
Total liabilities	7,780.1	7,609.3
MCBC stockholders' equity	3,447	3,433.7
Intercompany notes receivable	(1,360.4)	(1,360.2)
Total stockholders' equity	2,086.6	2,073.5
Noncontrolling interests	212	203
Total equity	2,298.6	2,276.5
Total liabilities and equity	10,078.7	9,885.8
Consolidated [Member]
Current assets:
Cash and cash equivalents	395	560.9	$ 2,602.9	$ 430.9
Accounts receivable, net	756.5	669.5
Other receivables, net	166.5	135.8
Total inventories, net	663.5	592.7
Other current assets, net	297.7	210.7
Intercompany accounts receivable	0	0
Total current assets	2,279.2	2,169.6
Properties, net	4,528.8	4,507.4
Goodwill	8,276.2	8,250.1
Other intangibles, net	14,032.6	14,031.9
Net investment in and advances to subsidiaries	0	0
Other assets	426.1	382.5
Total assets	29,542.9	29,341.5
Accounts payable and other current liabilities	2,200.5	2,467.7
Current liabilities:
Current portion of long-term debt and short-term borrowings	843	684.8
Discontinued operations	5.2	5
Intercompany accounts payable	0	0
Total current liabilities	3,048.7	3,157.5
Long-term debt	11,443.1	11,387.7
Pension and postretirement benefits	1,157.9	1,196
Deferred tax liabilities	1,762.6	1,699
Other liabilities	307.2	267
Discontinued operations	13.1	12.6
Intercompany notes payable	0	0
Total liabilities	17,732.6	17,719.8
MCBC stockholders' equity	11,598.3	11,418.7
Intercompany notes receivable	0	0
Total stockholders' equity	11,598.3	11,418.7
Noncontrolling interests	212	203
Total equity	11,810.3	11,621.7
Total liabilities and equity	$ 29,542.9	$ 29,341.5

Supplemental Guarantor Inform84

Supplemental Guarantor Information Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	$ (118.3)	$ (88.3)
Cash flows from investing activities:
Additions to properties	(180)	(71.1)
Proceeds from sales of properties and other assets	42	2.4
Investment in MillerCoors	0	(413.7)
Return of capital from MillerCoors	0	283.4
Other	5.9	(6.5)
Net cash provided by investing activities	(132.1)	(205.5)
Cash flows from financing activities:
Proceeds from issuance of common stock, net	0	2,526.4
Exercise of stock options under equity compensation plans	0.3	4.2
Dividends paid	(88.3)	(88.3)
Debt issuance costs	(3.7)	(14.2)
Payments on debt and borrowings	(1,501.1)	(10.3)
Proceeds on debt and borrowings	1,536	20.9
Net proceeds from (payments on) revolving credit facilities and commercial paper	131	2.5
Change in overdraft balances and other	6.1	17.3
Net cash provided by (used in) financing activities	80.3	2,458.5
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(170.1)	2,164.7
Effect of foreign exchange rate changes on cash and cash equivalents	4.2	7.3
Balance at beginning of year	560.9	430.9
Balance at end of period	395	2,602.9
Parent Company [Member]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	(172.4)	(157.1)
Cash flows from investing activities:
Additions to properties	(3.8)	(7.2)
Proceeds from sales of properties and other assets	0	0
Investment in MillerCoors		0
Return of capital from MillerCoors		0
Other	0	0
Net intercompany investing activity	0	0
Net cash provided by investing activities	(3.8)	(7.2)
Cash flows from financing activities:
Proceeds from issuance of common stock, net		2,526.4
Exercise of stock options under equity compensation plans	0.3	4.2
Dividends paid	(80.8)	(80.5)
Debt issuance costs	(3.7)	(14.2)
Payments on debt and borrowings	(1,500)	0
Proceeds on debt and borrowings	1,536	0
Net proceeds from (payments on) revolving credit facilities and commercial paper	129.9	0
Change in overdraft balances and other	(10.9)	(1.5)
Net intercompany financing activity	0	0
Net cash provided by (used in) financing activities	70.8	2,434.4
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(105.4)	2,270.1
Effect of foreign exchange rate changes on cash and cash equivalents	0	0
Balance at beginning of year	147.3	146.4
Balance at end of period	41.9	2,416.5
Subsidiary Guarantors [Member]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	141.5	147.5
Cash flows from investing activities:
Additions to properties	(142.1)	(21.5)
Proceeds from sales of properties and other assets	0.2	1.3
Investment in MillerCoors		(413.7)
Return of capital from MillerCoors		283.4
Other	0	0
Net intercompany investing activity	(42.6)	(66.1)
Net cash provided by investing activities	(184.5)	(216.6)
Cash flows from financing activities:
Proceeds from issuance of common stock, net		0
Exercise of stock options under equity compensation plans	0	0
Dividends paid	0	0
Debt issuance costs	0	0
Payments on debt and borrowings	0	0
Proceeds on debt and borrowings	0	0
Net proceeds from (payments on) revolving credit facilities and commercial paper	0	0
Change in overdraft balances and other	(7.7)	0
Net intercompany financing activity	0	0
Net cash provided by (used in) financing activities	(7.7)	0
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(50.7)	(69.1)
Effect of foreign exchange rate changes on cash and cash equivalents	0.6	4.7
Balance at beginning of year	141.5	106.2
Balance at end of period	91.4	41.8
Subsidiary Non Guarantors [Member]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	(87.4)	(78.7)
Cash flows from investing activities:
Additions to properties	(34.1)	(42.4)
Proceeds from sales of properties and other assets	41.8	1.1
Investment in MillerCoors		0
Return of capital from MillerCoors		0
Other	5.9	(6.5)
Net intercompany investing activity	0	0
Net cash provided by investing activities	13.6	(47.8)
Cash flows from financing activities:
Proceeds from issuance of common stock, net		0
Exercise of stock options under equity compensation plans	0	0
Dividends paid	(7.5)	(7.8)
Debt issuance costs	0	0
Payments on debt and borrowings	(1.1)	(10.3)
Proceeds on debt and borrowings	0	20.9
Net proceeds from (payments on) revolving credit facilities and commercial paper	1.1	2.5
Change in overdraft balances and other	24.7	18.8
Net intercompany financing activity	42.6	66.1
Net cash provided by (used in) financing activities	59.8	90.2
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(14)	(36.3)
Effect of foreign exchange rate changes on cash and cash equivalents	3.6	2.6
Balance at beginning of year	272.1	178.3
Balance at end of period	261.7	144.6
Consolidated [Member]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	(118.3)	(88.3)
Cash flows from investing activities:
Additions to properties	(180)	(71.1)
Proceeds from sales of properties and other assets	42	2.4
Investment in MillerCoors		(413.7)
Return of capital from MillerCoors		283.4
Other	5.9	(6.5)
Net intercompany investing activity	0	0
Net cash provided by investing activities	(132.1)	(205.5)
Cash flows from financing activities:
Proceeds from issuance of common stock, net		2,526.4
Exercise of stock options under equity compensation plans	0.3	4.2
Dividends paid	(88.3)	(88.3)
Debt issuance costs	(3.7)	(14.2)
Payments on debt and borrowings	(1,501.1)	(10.3)
Proceeds on debt and borrowings	1,536	20.9
Net proceeds from (payments on) revolving credit facilities and commercial paper	131	2.5
Change in overdraft balances and other	6.1	17.3
Net intercompany financing activity	0	0
Net cash provided by (used in) financing activities	80.3	2,458.5
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	(170.1)	2,164.7
Effect of foreign exchange rate changes on cash and cash equivalents	4.2	7.3
Balance at beginning of year	560.9	430.9
Balance at end of period	395	2,602.9
Consolidation, Eliminations [Member]
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Additions to properties	0	0
Proceeds from sales of properties and other assets	0	0
Investment in MillerCoors		0
Return of capital from MillerCoors		0
Other	0	0
Net intercompany investing activity	42.6	66.1
Net cash provided by investing activities	42.6	66.1
Cash flows from financing activities:
Proceeds from issuance of common stock, net		0
Exercise of stock options under equity compensation plans	0	0
Dividends paid	0	0
Debt issuance costs	0	0
Payments on debt and borrowings	0	0
Proceeds on debt and borrowings	0	0
Net proceeds from (payments on) revolving credit facilities and commercial paper	0	0
Change in overdraft balances and other	0	0
Net intercompany financing activity	(42.6)	(66.1)
Net cash provided by (used in) financing activities	(42.6)	(66.1)
Cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	0	0
Effect of foreign exchange rate changes on cash and cash equivalents	0	0
Balance at beginning of year	0	0
Balance at end of period	$ 0	$ 0