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Molson Coors Beverage Co – ‘10-Q’ for 6/30/20 – ‘R21’

On:  Thursday, 7/30/20, at 11:52am ET   ·   For:  6/30/20   ·   Accession #:  24545-20-18   ·   File #:  1-14829

Previous ‘10-Q’:  ‘10-Q’ on 4/30/20 for 3/31/20   ·   Next:  ‘10-Q’ on 10/29/20 for 9/30/20   ·   Latest:  ‘10-Q’ on 4/30/24 for 3/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size

 7/30/20  Molson Coors Beverage Co          10-Q        6/30/20   85:18M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.77M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-32       Certification -- §906 - SOA'02                      HTML     27K 
11: R1          Cover Page                                          HTML     97K 
12: R2          Condensed Consolidated Statements of Operations     HTML     92K 
13: R3          Condensed Consolidated Statements of Comprehensive  HTML     55K 
                Income (Loss)                                                    
14: R4          Condensed Consolidated Balance Sheets               HTML    112K 
15: R5          Condensed Consolidated Balance Sheets               HTML     53K 
                (Parenthetical)                                                  
16: R6          Condensed Consolidated Statements of Cash Flows     HTML     91K 
17: R7          Condensed Consolidated Statements of Stockholders'  HTML     86K 
                Equity and Noncontrolling Interests                              
18: R8          Condensed Consolidated Statements of Stockholders'  HTML     27K 
                Equity and Noncontrolling Interests                              
                (Parenthetical)                                                  
19: R9          Basis of Presentation and Summary of Significant    HTML     46K 
                Accounting Policies                                              
20: R10         New Accounting Pronouncements                       HTML     30K 
21: R11         Segment Reporting                                   HTML     81K 
22: R12         Investments                                         HTML     43K 
23: R13         Special Items                                       HTML    101K 
24: R14         Income Tax                                          HTML     35K 
25: R15         Goodwill and Intangible Assets                      HTML    118K 
26: R16         Debt                                                HTML     77K 
27: R17         Inventories                                         HTML     37K 
28: R18         Accumulated Other Comprehensive Income (Loss)       HTML     68K 
29: R19         Derivative Instruments and Hedging Activities       HTML    442K 
30: R20         Commitments and Contingencies                       HTML     40K 
31: R21         Leases                                              HTML    103K 
32: R22         Supplemental Guarantor Information                  HTML    762K 
33: R23         Basis of Presentation and Summary of Significant    HTML     33K 
                Accounting Policies (Policies)                                   
34: R24         Segment Reporting (Tables)                          HTML     81K 
35: R25         Investments (Tables)                                HTML     42K 
36: R26         Special Items (Tables)                              HTML     99K 
37: R27         Income Tax (Tables)                                 HTML     32K 
38: R28         Goodwill and Intangible Assets (Tables)             HTML    108K 
39: R29         Debt (Tables)                                       HTML     75K 
40: R30         Inventories (Tables)                                HTML     38K 
41: R31         Accumulated Other Comprehensive Income (Loss)       HTML     67K 
                (Tables)                                                         
42: R32         Derivative Instruments and Hedging Activities       HTML    446K 
                (Tables)                                                         
43: R33         Leases (Tables)                                     HTML     63K 
44: R34         Supplemental Guarantor Information (Tables)         HTML    757K 
45: R35         Basis of Presentation and Summary of Significant    HTML     25K 
                Accounting Policies (Details)                                    
46: R36         Basis of Presentation and Summary of Significant    HTML     38K 
                Accounting Policies - Coronavirus Global Pandemic                
                (Details)                                                        
47: R37         Basis of Presentation and Summary of Significant    HTML     26K 
                Accounting Policies - Non-Cash Activity (Details)                
48: R38         Basis of Presentation and Summary of Significant    HTML     28K 
                Accounting Policies - Share-Based Compensation                   
                (Details)                                                        
49: R39         Segment Reporting - Narrative (Details)             HTML     25K 
50: R40         Segment Reporting - Net Sales (Details)             HTML     34K 
51: R41         Segment Reporting - Income (Loss) Before Income     HTML     52K 
                Taxes (Details)                                                  
52: R42         Segment Reporting - Total Assets (Details)          HTML     30K 
53: R43         Investments - Variable Interest Entity (Details)    HTML     33K 
54: R44         Investments - Narrative (Details)                   HTML     27K 
55: R45         Special Items - Summary of Special Items (Details)  HTML     62K 
56: R46         Special Items - Narrative (Details)                 HTML     51K 
57: R47         Special Items - Severance and Other Employee        HTML     49K 
                Related (Details)                                                
58: R48         Income Tax - Schedule of Effective Tax Rate         HTML     26K 
                (Details)                                                        
59: R49         Income Tax - Narrative (Details)                    HTML     27K 
60: R50         Goodwill and Intangible Assets - Changes in         HTML     38K 
                Goodwill (Details)                                               
61: R51         Goodwill and Intangible Assets - Intangible Assets  HTML     57K 
                (Details)                                                        
62: R52         Goodwill and Intangible Assets - Amortization       HTML     38K 
                Expense (Details)                                                
63: R53         Goodwill and Intangible Assets - Narrative          HTML     25K 
                (Details)                                                        
64: R54         Debt - Schedule (Details)                           HTML     96K 
65: R55         Debt - Narrative (Details)                          HTML    132K 
66: R56         Inventories (Details)                               HTML     36K 
67: R57         Accumulated Other Comprehensive Income (Loss)       HTML     51K 
                (Details)                                                        
68: R58         Derivative Instruments and Hedging Activities -     HTML     32K 
                Narrative (Details)                                              
69: R59         Derivative Instruments and Hedging Activities -     HTML     69K 
                Derivative Fair Value (Details)                                  
70: R60         Derivative Instruments and Hedging Activities -     HTML     86K 
                Fair Value Balance Sheet (Details)                               
71: R61         Derivative Instruments and Hedging Activities -     HTML     31K 
                Hedging Activities (Details)                                     
72: R62         Derivative Instruments and Hedging Activities -     HTML     93K 
                Cash Flow Hedges (Details)                                       
73: R63         Derivative Instruments and Hedging Activities -     HTML     49K 
                Effect of Fair Value and Cash Flow Hedge                         
                Accounting (Details)                                             
74: R64         Derivative Instruments and Hedging Activities -     HTML     34K 
                Other Derivatives (Details)                                      
75: R65         Commitments and Contingencies - Loss Contingency    HTML     47K 
                (Details)                                                        
76: R66         Leases - Supplemental Balance Sheet Lease           HTML     40K 
                Information (Details)                                            
77: R67         Leases - Supplemental Cash Flow Lease Information   HTML     32K 
                (Details)                                                        
78: R68         Supplemental Guarantor Information - Narrative      HTML     49K 
                (Details)                                                        
79: R69         Supplemental Guarantor Information - Income         HTML    108K 
                Statement (Details)                                              
80: R70         Supplemental Guarantor Information - Balance Sheet  HTML    169K 
                (Details)                                                        
81: R71         Supplemental Guarantor Information - Cash Flows     HTML    106K 
                (Details)                                                        
83: XML         IDEA XML File -- Filing Summary                      XML    155K 
10: XML         XBRL Instance -- tap-20200630_htm                    XML   6.07M 
82: EXCEL       IDEA Workbook of Financial Reports                  XLSX    129K 
 6: EX-101.CAL  XBRL Calculations -- tap-20200630_cal                XML    227K 
 7: EX-101.DEF  XBRL Definitions -- tap-20200630_def                 XML   1.00M 
 8: EX-101.LAB  XBRL Labels -- tap-20200630_lab                      XML   1.67M 
 9: EX-101.PRE  XBRL Presentations -- tap-20200630_pre               XML   1.18M 
 5: EX-101.SCH  XBRL Schema -- tap-20200630                          XSD    189K 
84: JSON        XBRL Instance as JSON Data -- MetaLinks              366±   546K 
85: ZIP         XBRL Zipped Folder -- 0000024545-20-000018-xbrl      Zip    705K

‘R21’   —   Leases

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.20.2
Leases
 6 Months Ended
Leases [Abstract]  
Leases Leases
Supplemental balance sheet information related to leases as of June 30, 2020 and December 31, 2019 was as follows:
As of
June 30, 2020December 31, 2019
Balance Sheet Classification(In millions)
Operating Leases
Operating lease right-of-use assetsOther assets$140.6  $154.5  
Current operating lease liabilitiesAccounts payable and other current liabilities$47.2  $46.6  
Non-current operating lease liabilitiesOther liabilities108.5  119.5  
Total operating lease liabilities$155.7  $166.1  
Finance Leases
Finance lease right-of-use assetsProperties, net$64.6  $73.0  
Current finance lease liabilitiesCurrent portion of long-term debt and short-term borrowings$32.8  $34.5  
Non-current finance lease liabilitiesLong-term debt56.2  60.0  
Total finance lease liabilities$89.0  $94.5  
Supplemental cash flow information related to leases for the six months ended June 30, 2020 and June 30, 2019 was as follows:
Six Months Ended
June 30, 2020June 30, 2019
(In millions)
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from operating leases$25.7  $26.2  
Operating cash flows from finance leases$1.9  $1.8  
Financing cash flows from finance leases$3.1  $1.1  
Supplemental non-cash information on right-of-use assets obtained in exchange for new lease liabilities:
Operating leases$12.0  $25.6  
Separately, we recorded an impairment loss inclusive of our Denver, Colorado office lease right-of use asset during the three months ended June 30, 2020 as discussed in Note 5, "Special Items".
Leases Leases
Supplemental balance sheet information related to leases as of June 30, 2020 and December 31, 2019 was as follows:
As of
June 30, 2020December 31, 2019
Balance Sheet Classification(In millions)
Operating Leases
Operating lease right-of-use assetsOther assets$140.6  $154.5  
Current operating lease liabilitiesAccounts payable and other current liabilities$47.2  $46.6  
Non-current operating lease liabilitiesOther liabilities108.5  119.5  
Total operating lease liabilities$155.7  $166.1  
Finance Leases
Finance lease right-of-use assetsProperties, net$64.6  $73.0  
Current finance lease liabilitiesCurrent portion of long-term debt and short-term borrowings$32.8  $34.5  
Non-current finance lease liabilitiesLong-term debt56.2  60.0  
Total finance lease liabilities$89.0  $94.5  
Supplemental cash flow information related to leases for the six months ended June 30, 2020 and June 30, 2019 was as follows:
Six Months Ended
June 30, 2020June 30, 2019
(In millions)
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from operating leases$25.7  $26.2  
Operating cash flows from finance leases$1.9  $1.8  
Financing cash flows from finance leases$3.1  $1.1  
Supplemental non-cash information on right-of-use assets obtained in exchange for new lease liabilities:
Operating leases$12.0  $25.6  
Separately, we recorded an impairment loss inclusive of our Denver, Colorado office lease right-of use asset during the three months ended June 30, 2020 as discussed in Note 5, "Special Items".

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/30/208-K
For Period end:6/30/204
12/31/1910-K,  4
6/30/1910-Q,  4
 List all Filings 
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Filing Submission 0000024545-20-000018   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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