v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Net sales by segment
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 June 30, 2026
AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
(In millions)
Net sales$2,402.4 $700.8 $— $(6.7)$3,096.5 
Cost of goods sold(1,461.3)(487.6)(91.0)6.7 (2,033.2)
Marketing and sales expenses(301.4)(72.1)— — (373.5)
General and administrative expenses(244.8)(100.2)— — (345.0)
Other operating income (expense), net(13.5)(3.1)— — (16.6)
Equity income (loss)3.7 — — — 3.7 
Interest expense(0.5)(0.6)(67.7)— (68.8)
Interest income— 0.1 8.2 — 8.3 
Other segment items(1)
5.5 0.6 5.6 — 11.7 
Income (loss) before income taxes$390.1 $37.9 $(144.9)$— $283.1 
Income tax benefit (expense)(61.5)
Net income (loss)221.6 
Net (income) loss attributable to noncontrolling interests10.1 
Net income (loss) attributable to MCBC$231.7 
For the three months ended June 30, 2025
AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
(In millions)
Net sales$2,504.8 $703.9 $— $(7.9)$3,200.8 
Cost of goods sold(1,468.4)(465.4)7.0 7.9 (1,918.9)
Marketing and sales expenses(308.7)(75.2)— — (383.9)
General and administrative expenses(217.7)(91.5)— — (309.2)
Other operating income (expense), net(1.6)(7.6)— — (9.2)
Equity income (loss)4.0 — — — 4.0 
Interest expense(0.6)(1.1)(59.9)— (61.6)
Interest income— 0.1 3.0 — 3.1 
Other segment items(1)
26.4 1.6 1.8 — 29.8 
Income (loss) before income taxes$538.2 $64.8 $(48.1)$— $554.9 
Income tax benefit (expense)(130.6)
Net income (loss)424.3 
Net (income) loss attributable to noncontrolling interests4.4 
Net income (loss) attributable to MCBC$428.7 
For the six months ended June 30, 2026
AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
(In millions)
Net sales$4,302.9 $1,156.9 $— $(12.2)$5,447.6 
Cost of goods sold(2,668.5)(829.0)(1.8)12.2 (3,487.1)
Marketing and sales expenses(530.4)(122.0)— — (652.4)
General and administrative expenses(479.5)(196.6)— — (676.1)
Other operating income (expense), net(26.6)(22.1)— — (48.7)
Equity income (loss)6.9 — — — 6.9 
Interest expense(1.0)(1.3)(126.7)— (129.0)
Interest income— 0.2 10.7 — 10.9 
Other segment items(1)
(6.3)0.1 11.9 — 5.7 
Income (loss) before income taxes$597.5 $(13.8)$(105.9)$— $477.8 
Income tax benefit (expense)(106.1)
Net income (loss)371.7 
Net (income) loss attributable to noncontrolling interests11.3 
Net income (loss) attributable to MCBC$383.0 

For the six months ended June 30, 2025
AmericasEMEA&APACUnallocatedInter-segment net sales eliminationsConsolidated
(In millions)
Net sales$4,386.6 $1,131.2 $— $(12.9)$5,504.9 
Cost of goods sold(2,638.3)(772.4)25.7 12.9 (3,372.1)
Marketing and sales expenses(546.4)(123.6)— — (670.0)
General and administrative expenses(494.3)(182.0)— — (676.3)
Other operating income (expense), net(17.5)(7.6)— — (25.1)
Equity income (loss)8.5 — — — 8.5 
Interest expense(1.3)(2.1)(119.5)— (122.9)
Interest income— 0.2 7.6 — 7.8 
Other segment items(1)
50.2 1.9 4.3 — 56.4 
Income (loss) before income taxes$747.5 $45.6 $(81.9)$— $711.2 
Income tax benefit (expense)(163.8)
Net income (loss)547.4 
Net (income) loss attributable to noncontrolling interests2.3 
Net income (loss) attributable to MCBC$549.7 
(1)Other segment items include other pension and postretirement benefit (cost), net and other non-operating income (expense), net.
Schedule of Cash Flows Information by Segment
The following table presents total assets by segment as of June 30, 2026 and December 31, 2025:
As of
June 30, 2026December 31, 2025
(In millions)
Americas$20,834.2 $19,237.9 
EMEA&APAC3,524.8 3,500.5 
Consolidated$24,359.0 $22,738.4 
The following table presents total property, plant and equipment depreciation and intangible asset amortization as well as total capital expenditures by segment for the three and six months ended June 30, 2026 and June 30, 2025:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Depreciation and amortization
(In millions)
Americas $140.6 $125.0 $275.1 $263.9 
EMEA&APAC51.4 45.1 102.6 86.5 
Consolidated$192.0 $170.1 $377.7 $350.4 
Capital expenditures
Americas$76.9 $115.8 $261.8 $291.1 
EMEA&APAC26.6 47.5 73.4 109.5 
Consolidated$103.5 $163.3 $335.2 $400.6