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Molson Coors Beverage Co. – ‘10-K’ for 12/31/22 – ‘EX-31.1’

On:  Tuesday, 2/21/23, at 11:18am ET   ·   For:  12/31/22   ·   Accession #:  24545-23-6   ·   File #:  1-14829

Previous ‘10-K’:  ‘10-K’ on 2/23/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/20/24 for 12/31/23   ·   31 References:   

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

 2/21/23  Molson Coors Beverage Co.         10-K       12/31/22  124:21M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   4.56M 
 2: EX-10.12    Material Contract                                   HTML     51K 
 3: EX-21       Subsidiaries List                                   HTML     38K 
 4: EX-22       Published Report re: Matters Submitted to a Vote    HTML     35K 
                of Security Holders                                              
 5: EX-23       Consent of Expert or Counsel                        HTML     31K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     36K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
 8: EX-32       Certification -- §906 - SOA'02                      HTML     34K 
14: R1          Cover Page                                          HTML    111K 
15: R2          Audit Information                                   HTML     37K 
16: R3          Consolidated Statements of Operations               HTML    142K 
17: R4          Consolidated Statements of Comprehensive Income     HTML     82K 
                (Loss)                                                           
18: R5          Consolidated Balance Sheets                         HTML    160K 
19: R6          Consolidated Balance Sheets (Parenthetical)         HTML     64K 
20: R7          Consolidated Statements of Cash Flows               HTML    123K 
21: R8          Consolidated Statements of Stockholders' Equity     HTML     97K 
                and Noncontrolling Interests                                     
22: R9          Basis of Presentation and Summary of Significant    HTML    119K 
                Accounting Policies                                              
23: R10         New Accounting Pronouncements                       HTML     49K 
24: R11         Investments                                         HTML     68K 
25: R12         Inventories                                         HTML     41K 
26: R13         Properties                                          HTML     47K 
27: R14         Goodwill and Intangible Assets                      HTML    116K 
28: R15         Accounts Payable and Other Current Liabilities      HTML     44K 
29: R16         Leases                                              HTML    149K 
30: R17         Debt                                                HTML     87K 
31: R18         Derivative Instruments and Hedging Activities       HTML    184K 
32: R19         Employee Retirement Plans and Postretirement        HTML    332K 
                Benefits                                                         
33: R20         Income Tax                                          HTML    149K 
34: R21         Commitments and Contingencies                       HTML     77K 
35: R22         Stockholders' Equity                                HTML     62K 
36: R23         Accumulated Other Comprehensive Income (Loss)       HTML    148K 
37: R24         Share-Based Payments                                HTML     93K 
38: R25         Other Operating Income (Expense), net               HTML     82K 
39: R26         Segment Reporting                                   HTML    149K 
40: R27         Schedule Ii                                         HTML     65K 
41: R28         Basis of Presentation and Summary of Significant    HTML    167K 
                Accounting Policies (Policies)                                   
42: R29         Investments (Tables)                                HTML     60K 
43: R30         Inventories (Tables)                                HTML     42K 
44: R31         Properties (Tables)                                 HTML     45K 
45: R32         Goodwill and Intangible Assets (Tables)             HTML    149K 
46: R33         Accounts Payable and Other Current Liabilities      HTML     44K 
                (Tables)                                                         
47: R34         Leases (Tables)                                     HTML    109K 
48: R35         Debt (Tables)                                       HTML     85K 
49: R36         Derivative Instruments and Hedging Activities       HTML    166K 
                (Tables)                                                         
50: R37         Employee Retirement Plans and Postretirement        HTML    315K 
                Benefits (Tables)                                                
51: R38         Income Tax (Tables)                                 HTML    147K 
52: R39         Commitments and Contingencies (Tables)              HTML     53K 
53: R40         Stockholders' Equity (Tables)                       HTML     58K 
54: R41         Accumulated Other Comprehensive Income (Loss)       HTML    149K 
                (Tables)                                                         
55: R42         Share-Based Payments (Tables)                       HTML     93K 
56: R43         Other Operating Income (Expense), net (Tables)      HTML     80K 
57: R44         Segment Reporting (Tables)                          HTML    149K 
58: R45         Basis of Presentation and Summary of Significant    HTML    158K 
                Accounting Policies - Narrative (Details)                        
59: R46         Investments - Narrative (Details)                   HTML     65K 
60: R47         Investments - Summary of Transactions with          HTML     45K 
                Affiliates (Details)                                             
61: R48         Investments - Schedule of Consolidated Investments  HTML     53K 
                (Details)                                                        
62: R49         Inventories - Summary (Details)                     HTML     43K 
63: R50         Properties - Summary (Details)                      HTML     53K 
64: R51         Properties - Narrative (Details)                    HTML     33K 
65: R52         Goodwill and Intangible Assets - Goodwill           HTML     58K 
                (Details)                                                        
66: R53         Goodwill and Intangible Assets - Narrative          HTML     61K 
                (Details)                                                        
67: R54         Goodwill and Intangible Assets - Intangible Assets  HTML     70K 
                (Details)                                                        
68: R55         Goodwill and Intangible Assets - Amortization       HTML     43K 
                Expense (Details)                                                
69: R56         Accounts Payable and Other Current Liabilities -    HTML     48K 
                Summary (Details)                                                
70: R57         Leases - Narrative (Details)                        HTML     36K 
71: R58         Leases - Components of Lease Expense (Details)      HTML     37K 
72: R59         Leases - Supplemental Cash Flow Information         HTML     46K 
                (Details)                                                        
73: R60         Leases - Assets and Liabilities, Lessee (Details)   HTML     76K 
74: R61         Leases - Maturity of Operating and Finance Lease    HTML     72K 
                Liabilities (Details)                                            
75: R62         Debt - Schedule of Debt Obligations (Details)       HTML     70K 
76: R63         Debt - Schedule of Debt Obligations                 HTML     56K 
                (Parenthetical) (Details)                                        
77: R64         Debt - Narrative (Details)                          HTML    143K 
78: R65         Debt - Schedule of Maturities (Details)             HTML     50K 
79: R66         Debt - Schedule of Interest Charges (Details)       HTML     38K 
80: R67         Derivative Instruments and Hedging Activities -     HTML    109K 
                Narrative (Details)                                              
81: R68         Derivative Instruments and Hedging Activities -     HTML     59K 
                Derivative Fair Value (Details)                                  
82: R69         Derivative Instruments and Hedging Activities -     HTML     81K 
                Fair Value Balance Sheet (Details)                               
83: R70         Derivative Instruments and Hedging Activities -     HTML     72K 
                Cash Flow Hedges and Net Investment Hedges                       
                (Details)                                                        
84: R71         Derivative Instruments and Hedging Activities -     HTML     44K 
                Other Derivatives (Details)                                      
85: R72         Employee Retirement Plans and Postretirement        HTML     83K 
                Benefits - Narrative (Details)                                   
86: R73         Employee Retirement Plans and Postretirement        HTML     77K 
                Benefits - Net Periodic Pension (Details)                        
87: R74         Employee Retirement Plans and Postretirement        HTML    136K 
                Benefits - Projected Benefit Obligation (Details)                
88: R75         Employee Retirement Plans and Postretirement        HTML     57K 
                Benefits - Weighted Average Assumptions (Details)                
89: R76         Employee Retirement Plans and Postretirement        HTML     47K 
                Benefits - Target And Actual Allocations (Details)               
90: R77         Employee Retirement Plans and Postretirement        HTML    127K 
                Benefits - Pension Fair Value Hierarchy (Details)                
91: R78         Employee Retirement Plans and Postretirement        HTML     49K 
                Benefits - Level 3 Rollforward (Details)                         
92: R79         Employee Retirement Plans and Postretirement        HTML     49K 
                Benefits - Expected Benefit Payments (Details)                   
93: R80         Income Tax - Summary of Income Taxes (Details)      HTML     42K 
94: R81         Income Tax - Provision for Income Taxes (Details)   HTML     60K 
95: R82         Income Tax - Reconciliation of Statutory Federal    HTML     77K 
                Income Tax Rate (Details)                                        
96: R83         Income Tax - Narrative (Details)                    HTML     92K 
97: R84         Income Tax - Deferred Tax Assets And Liabilities    HTML     62K 
                (Details)                                                        
98: R85         Income Tax - Net Deferred Tax Assets and            HTML     38K 
                Liabilities Components (Details)                                 
99: R86         Income Tax - Unrecognized Tax Benefit (Details)     HTML     50K 
100: R87         Commitment and Contingencies - Narrative (Details)  HTML     86K  
101: R88         Commitments and Contingencies - Schedule of         HTML     37K  
                Reserves for Indemnity Obligations (Details)                     
102: R89         Commitments and Contingencies - Schedule of         HTML     62K  
                Purchase Obligations (Details)                                   
103: R90         Stockholders' Equity - Capital Stock (Details)      HTML     50K  
104: R91         Stockholders' Equity - Narrative (Details)          HTML     40K  
105: R92         Accumulated Other Comprehensive Income (Loss) -     HTML     84K  
                Rollforward (Details)                                            
106: R93         Accumulated Other Comprehensive Income (Loss) -     HTML     80K  
                AOCI Reclassifications (Details)                                 
107: R94         Share-Based Payments - Narrative (Details)          HTML     80K  
108: R95         Share-Based Payments - Compensation Expense         HTML     39K  
                (Details)                                                        
109: R96         Share-Based Payments - Non-vested (Details)         HTML     70K  
110: R97         Share-Based Payments - Stock Options (Details)      HTML     86K  
111: R98         Share-Based Payments - Weighted-Average             HTML     58K  
                Assumptions (Details)                                            
112: R99         Other Operating Income (Expense), net - Schedule    HTML     43K  
                of Other Operating Income (Expense) (Details)                    
113: R100        Other Operating Income (Expense), net - Narrative   HTML     97K  
                (Details)                                                        
114: R101        Other Operating Income (Expense), net -             HTML     51K  
                Restructuring Accruals (Details)                                 
115: R102        Segment Reporting - Income (Loss) Before Income     HTML     95K  
                Taxes by Segment (Details)                                       
116: R103        Segment Reporting - Total Assets and Cash Flow      HTML     52K  
                Information (Details)                                            
117: R104        Segment Reporting - Net Sales (Details)             HTML     48K  
118: R105        Segment Reporting - Properties (Details)            HTML     43K  
119: R106        Schedule Ii (Details)                               HTML     46K  
122: XML         IDEA XML File -- Filing Summary                      XML    229K  
120: XML         XBRL Instance -- tap-20221231_htm                    XML   6.09M  
121: EXCEL       IDEA Workbook of Financial Reports                  XLSX    312K  
10: EX-101.CAL  XBRL Calculations -- tap-20221231_cal                XML    346K 
11: EX-101.DEF  XBRL Definitions -- tap-20221231_def                 XML   1.48M 
12: EX-101.LAB  XBRL Labels -- tap-20221231_lab                      XML   3.23M 
13: EX-101.PRE  XBRL Presentations -- tap-20221231_pre               XML   2.01M 
 9: EX-101.SCH  XBRL Schema -- tap-20221231                          XSD    311K 
123: JSON        XBRL Instance as JSON Data -- MetaLinks              807±  1.27M  
124: ZIP         XBRL Zipped Folder -- 0000024545-23-000006-xbrl      Zip   1.39M  


‘EX-31.1’   —   Certification — §302 – SOA’02


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EXHIBIT 31.1
SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER
I, Gavin D.K. Hattersley, certify that:
1.I have reviewed this annual report on Form 10-K of Molson Coors Beverage Company;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
/s/ GAVIN D.K. HATTERSLEY
 
President and Chief Executive Officer
(Principal Executive Officer)
February 21, 2023


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/21/238-K
For Period end:12/31/22
 List all Filings 


3 Subsequent Filings that Reference this Filing

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

 2/20/24  Molson Coors Beverage Co.         10-K       12/31/23  125:19M
 4/12/23  SEC                               UPLOAD5/10/23    2:39K  Molson Coors Beverage Co.
 3/24/23  SEC                               UPLOAD5/10/23    2:44K  Molson Coors Beverage Co.


28 Previous Filings that this Filing References

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

 5/23/22  Molson Coors Beverage Co.         8-K:5,9     5/18/22   12:488K                                   Toppan Merrill/FA
 5/03/22  Molson Coors Beverage Co.         10-Q        3/31/22   81:8.9M
 2/23/22  Molson Coors Beverage Co.         10-K       12/31/21  134:23M
10/07/21  Molson Coors Beverage Co.         8-K:1,2,9  10/05/21   12:1.2M                                   Toppan Merrill/FA
10/29/20  Molson Coors Beverage Co.         10-Q        9/30/20   90:15M
 6/22/20  Molson Coors Beverage Co.         8-K:1,2,9   6/19/20   13:398K
 4/30/20  Molson Coors Beverage Co.         10-Q        3/31/20   84:14M
 2/12/20  Molson Coors Beverage Co.         10-K       12/31/19  147:34M
 7/31/19  Molson Coors Beverage Co.         8-K:5,9     7/30/19   13:300K                                   Business Wire/FA
 7/24/19  Molson Coors Beverage Co.         8-K©:5      7/18/19    2:338K
 7/08/19  Molson Coors Beverage Co.         8-K:1       7/07/19    2:90K
 2/12/19  Molson Coors Beverage Co.         10-K       12/31/18  159:37M
 7/19/18  Molson Coors Beverage Co.         8-K:1,9     7/19/18    2:125K
 5/25/18  Molson Coors Beverage Co.         8-K:5,9     5/25/18    2:203K
 2/14/18  Molson Coors Beverage Co.         10-K       12/31/17  163:38M
 7/13/17  Molson Coors Beverage Co.         8-K:1,2,9   7/07/17    4:1.8M                                   Toppan Merrill/FA
 2/14/17  Molson Coors Beverage Co.         10-K       12/31/16  163:37M
11/25/16  Molson Coors Beverage Co.         8-K:5,9    11/22/16    2:43K
11/01/16  Molson Coors Beverage Co.         10-Q        9/30/16  109:20M
 7/07/16  Molson Coors Beverage Co.         8-K:1,2,9   7/07/16   10:2.7M                                   Toppan Merrill/FA
 6/28/16  Molson Coors Beverage Co.         8-K:8,9     6/28/16  138:30M
 8/06/15  Molson Coors Beverage Co.         10-Q        6/30/15   89:18M
 2/12/15  Molson Coors Beverage Co.         10-K       12/31/14  145:51M
 8/08/12  Molson Coors Beverage Co.         10-Q        6/30/12  108:30M
 5/03/12  Molson Coors Beverage Co.         8-K:1,2,9   5/03/12    9:944K                                   Donnelley … Solutions/FA
11/07/08  Molson Coors Beverage Co.         10-Q        9/28/08   12:1.9M                                   Toppan Merrill-FA
 5/11/05  Molson Coors Beverage Co.         10-Q        3/27/05    6:809K                                   Toppan Merrill-FA
 2/15/05  Molson Coors Beverage Co.         8-K:1,2,3,5 2/09/05    3:209K                                   Toppan Merrill-FA
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Filing Submission 0000024545-23-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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