The following tables present net sales and other activity by segment to arrive at income (loss) before income taxes as well as a reconciliation of amounts shown as income (loss) before income taxes to net income (loss) attributable to MCBC: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2025 | | | Americas | | EMEA&APAC | | Unallocated | | Inter-segment net sales eliminations | | Consolidated | | | (In millions) | | Net sales | $ | 1,881.8 | | | $ | 427.3 | | | $ | — | | | $ | (5.0) | | | $ | 2,304.1 | | | Cost of goods sold | (1,169.9) | | | (307.0) | | | 18.7 | | | 5.0 | | | (1,453.2) | | | Marketing and sales expenses | (237.7) | | | (48.4) | | | — | | | — | | | (286.1) | | | General and administrative expenses | (276.6) | | | (90.5) | | | — | | | — | | | (367.1) | | | | | | | | | | | | | Equity income (loss) | 4.5 | | | — | | | — | | | — | | | 4.5 | | | Interest expense | (0.7) | | | (1.0) | | | (59.6) | | | — | | | (61.3) | | | Interest income | — | | | 0.1 | | | 4.6 | | | — | | | 4.7 | | Other segment items(1) | 7.9 | | | 0.3 | | | 2.5 | | | — | | | 10.7 | | | Income (loss) before income taxes | $ | 209.3 | | | $ | (19.2) | | | $ | (33.8) | | | $ | — | | | $ | 156.3 | | | Income tax benefit (expense) | | | | | | | | | (33.2) | | | Net income (loss) | | | | | | | | | 123.1 | | | Net (income) loss attributable to noncontrolling interests | | | | | | | | | (2.1) | | | Net income (loss) attributable to MCBC | | | | | | | | | $ | 121.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2024 | | | Americas | | EMEA&APAC | | Unallocated | | Inter-segment net sales eliminations | | Consolidated | | | (In millions) | | Net sales | $ | 2,145.4 | | | $ | 454.7 | | | $ | — | | | $ | (3.7) | | | $ | 2,596.4 | | | Cost of goods sold | (1,315.5) | | | (321.6) | | | 0.5 | | | 3.7 | | | (1,632.9) | | | Marketing and sales expenses | (249.7) | | | (51.5) | | | — | | | — | | | (301.2) | | | General and administrative expenses | (257.0) | | | (96.4) | | | — | | | — | | | (353.4) | | | | | | | | | | | | | Equity income (loss) | (0.9) | | | — | | | — | | | — | | | (0.9) | | | Interest expense | (0.3) | | | (1.1) | | | (54.0) | | | — | | | (55.4) | | | Interest income | 0.1 | | | 0.4 | | | 6.5 | | | — | | | 7.0 | | Other segment items(1) | (1.5) | | | 4.5 | | | 2.8 | | | — | | | 5.8 | | | Income (loss) before income taxes | $ | 320.6 | | | $ | (11.0) | | | $ | (44.2) | | | $ | — | | | $ | 265.4 | | | Income tax benefit (expense) | | | | | | | | | (55.5) | | | Net income (loss) | | | | | | | | | 209.9 | | | Net (income) loss attributable to noncontrolling interests | | | | | | | | | (2.1) | | | Net income (loss) attributable to MCBC | | | | | | | | | $ | 207.8 | |
(1)Other segment items include other operating income (expense), net, other pension and postretirement benefit (cost), net and other non-operating income (expense), net.
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