Molson Coors Beverage Company
(NYSE:TAP)

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson...

Website: http://www.molsoncoors.com

Founded: 2005

Full Time Employees: 17,700

Sector: Consumer Defensive

Industry: Beverages-Brewers

Beers Wine Beverages

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2011-09-24	2006-12-31	2006-09-24

sales	3,125,800,000	3,484,300,000	3,740,000,000	2,690,200,000	3,243,600,000	3,603,300,000	3,838,100,000	3,049,300,000	3,333,100,000	3,905,600,000	3,871,100,000	2,774,800,000	3,145,400,000	3,517,400,000	3,501,400,000	2,643,300,000	3,194,400,000	3,435,400,000	3,564,000,000	2,256,100,000	2,777,800,000	3,378,400,000	3,029,800,000	2,537,800,000	3,091,000,000	3,498,000,000	3,620,000,000	2,800,100,000	3,024,400,000	3,625,100,000	3,820,500,000	2,868,000,000	3,211,700,000	3,552,900,000	3,793,100,000	2,913,800,000	2,901,900,000	1,337,700,000	1,407,000,000	950,800,000	1,236,900,000	1,454,300,000	1,433,000,000	1,003,200,000	1,413,300,000	1,650,000,000	1,685,900,000	1,178,300,000	1,489,700,000	1,665,400,000	1,659,700,000	1,184,800,000	1,480,200,000	1,685,800,000	1,440,900,000	1,008,100,000	1,395,600,000	1,393,900,000	2,100,969,000	2,126,652,000
excise taxes	-463,400,000	-510,800,000	-539,200,000	-386,100,000	-508,000,000	-560,600,000	-585,800,000	-452,900,000	-542,300,000	-607,200,000	-604,500,000	-428,500,000	-515,900,000	-582,200,000	-579,700,000	-428,700,000	-575,200,000	-612,700,000	-624,600,000	-357,700,000	-483,500,000	-624,900,000	-526,400,000	-435,000,000	-604,800,000	-656,400,000	-671,700,000	-496,800,000	-605,700,000	-690,900,000	-735,300,000	-536,500,000	-632,100,000	-669,700,000	-701,800,000	-465,100,000	-607,900,000	-390,100,000	-420,800,000	-293,600,000	-392,500,000	-436,900,000	-427,300,000	-303,200,000	-439,500,000	-482,000,000	-497,400,000	-362,300,000	-461,300,000	-494,200,000	-481,700,000	-356,300,000	-450,000,000	-490,300,000	-441,500,000	-316,700,000	-458,300,000	-439,500,000	-569,679,000	-549,828,000
net sales	2,662,400,000	2,973,500,000	3,200,800,000	2,304,100,000	2,735,600,000	3,042,700,000	3,252,300,000	2,596,400,000	2,790,800,000	3,298,400,000	3,266,600,000	2,346,300,000	2,629,500,000	2,935,200,000	2,921,700,000	2,214,600,000	2,619,200,000	2,822,700,000	2,939,400,000	1,898,400,000	2,294,300,000	2,753,500,000	2,503,400,000	2,102,800,000	2,486,200,000	2,841,600,000	2,948,300,000	2,303,300,000	2,418,700,000	2,934,200,000	3,085,200,000	2,331,500,000	2,579,600,000	2,883,200,000	3,091,300,000	2,448,700,000	2,294,000,000	947,600,000	986,200,000	657,200,000	844,400,000	1,017,400,000	1,005,700,000	700,000,000	973,800,000	1,168,000,000	1,188,500,000	816,000,000	1,028,400,000	1,171,200,000	1,178,000,000	828,500,000	1,030,200,000	1,195,500,000	999,400,000	691,400,000	937,300,000	954,400,000	1,531,290,000	1,576,824,000
yoy	-2.68%	-2.27%	-1.58%	-11.26%	-1.98%	-7.75%	-0.44%	10.66%	6.13%	12.37%	11.80%	5.95%	0.39%	3.99%	-0.60%	16.66%	14.16%	2.51%	17.42%	-9.72%	-7.72%	-3.10%	-15.09%	-8.70%	2.79%	-3.16%	-4.44%	-1.21%	-6.24%	1.77%	-0.20%	-4.79%	12.45%	204.26%	213.46%	272.60%	171.67%	-6.86%	-1.94%	-6.11%	-13.29%	-12.89%	-15.38%	-14.22%	-5.31%	-0.27%	0.89%	-1.51%	-0.17%	-2.03%	17.87%	19.83%	9.91%	25.26%	-34.73%	-56.15%
qoq	-10.46%	-7.10%	38.92%	-15.77%	-10.09%	-6.44%	25.26%	-6.97%	-15.39%	0.97%	39.22%	-10.77%	-10.41%	0.46%	31.93%	-15.45%	-7.21%	-3.97%	54.84%	-17.26%	-16.68%	9.99%	19.05%	-15.42%	-12.51%	-3.62%	28.00%	-4.77%	-17.57%	-4.89%	32.33%	-9.62%	-10.53%	-6.73%	26.24%	6.74%	142.09%	-3.91%	50.06%	-22.17%	-17.00%	1.16%	43.67%	-28.12%	-16.63%	-1.72%	45.65%	-20.65%	-12.19%	-0.58%	42.18%	-19.58%	-13.83%	19.62%	44.55%	-26.23%	-1.79%	-37.67%	-2.89%
cost of goods sold	-1,694,100,000	-1,800,000,000	-1,918,900,000	-1,453,200,000	-1,698,100,000	-1,840,200,000	-1,922,400,000	-1,632,900,000	-1,757,800,000	-1,952,200,000	-2,047,700,000	-1,575,600,000	-1,705,800,000	-1,951,500,000	-2,101,700,000	-1,286,800,000	-1,761,900,000	-1,629,100,000	-1,667,900,000	-1,167,400,000	-1,399,100,000	-1,551,000,000	-1,456,600,000	-1,479,000,000	-1,520,000,000	-1,685,400,000	-1,759,800,000	-1,413,000,000	-1,596,000,000	-1,714,000,000	-1,739,100,000	-1,535,700,000	-1,498,600,000	-1,589,600,000	-1,756,100,000	-1,372,900,000	-1,485,600,000	-541,300,000	-562,200,000	-414,000,000	-542,900,000	-585,900,000	-579,900,000	-454,800,000	-620,200,000	-666,600,000	-683,300,000	-523,200,000	-644,400,000	-670,000,000	-684,100,000	-547,100,000	-646,600,000	-687,000,000	-580,100,000	-438,800,000	-547,500,000	-550,500,000	-927,132,000	-907,305,000
gross profit	968,300,000	1,173,500,000	1,281,900,000	850,900,000	1,037,500,000	1,202,500,000	1,329,900,000	963,500,000	1,033,000,000	1,346,200,000	1,218,900,000	770,700,000	923,700,000	983,700,000	820,000,000	927,800,000	857,300,000	1,193,600,000	1,271,500,000	731,000,000	895,200,000	1,202,500,000	1,046,800,000	623,800,000	966,200,000	1,156,200,000	1,188,500,000	890,300,000	822,700,000	1,220,200,000	1,346,100,000	795,800,000	1,081,000,000	1,293,600,000	1,335,200,000	1,075,800,000	808,400,000	406,300,000	424,000,000	243,200,000	301,500,000	431,500,000	425,800,000	245,200,000	353,600,000	501,400,000	505,200,000	292,800,000	384,000,000	501,200,000	493,900,000	281,400,000	383,600,000	508,500,000	419,300,000	252,600,000	389,800,000	403,900,000	604,158,000	669,519,000
yoy	-6.67%	-2.41%	-3.61%	-11.69%	0.44%	-10.67%	9.11%	25.02%	11.83%	36.85%	48.65%	-16.93%	7.75%	-17.59%	-35.51%	26.92%	-4.23%	-0.74%	21.47%	17.18%	-7.35%	4.00%	-11.92%	-29.93%	17.44%	-5.25%	-11.71%	11.87%	-23.89%	-5.67%	0.82%	-26.03%	33.72%	218.39%	214.91%	342.35%	168.13%	-5.84%	-0.42%	-0.82%	-14.73%	-13.94%	-15.72%	-16.26%	-7.92%	0.04%	2.29%	4.05%	0.10%	-1.44%	17.79%	11.40%	-1.59%	25.90%	-30.60%	-62.27%
qoq	-17.49%	-8.46%	50.65%	-17.99%	-13.72%	-9.58%	38.03%	-6.73%	-23.27%	10.44%	58.15%	-16.56%	-6.10%	19.96%	-11.62%	8.22%	-28.18%	-6.13%	73.94%	-18.34%	-25.56%	14.87%	67.81%	-35.44%	-16.43%	-2.72%	33.49%	8.22%	-32.58%	-9.35%	69.15%	-26.38%	-16.43%	-3.12%	24.11%	33.08%	98.97%	-4.17%	74.34%	-19.34%	-30.13%	1.34%	73.65%	-30.66%	-29.48%	-0.75%	72.54%	-23.75%	-23.38%	1.48%	75.52%	-26.64%	-24.56%	21.27%	65.99%	-35.20%	-3.49%	-33.15%	-9.76%
gross margin %	36.37%	39.47%	40.05%	36.93%	37.93%	39.52%	40.89%	37.11%	37.01%	40.81%	37.31%	32.85%	35.13%	33.51%	28.07%	41.89%	32.73%	42.29%	43.26%	38.51%	39.02%	43.67%	41.82%	29.67%	38.86%	40.69%	40.31%	38.65%	34.01%	41.59%	43.63%	34.13%	41.91%	44.87%	43.19%	43.93%	35.24%	42.88%	42.99%	37.01%	35.71%	42.41%	42.34%	35.03%	36.31%	42.93%	42.51%	35.88%	37.34%	42.79%	41.93%	33.96%	37.24%	42.53%	41.96%	36.53%	41.59%	42.32%	39.45%	42.46%
marketing, general and administrative expenses	-610,900,000	-686,700,000	-693,100,000	-653,200,000	-649,700,000	-684,700,000	-728,500,000	-654,600,000	-683,200,000	-746,800,000	-734,900,000	-615,000,000	-575,500,000	-660,000,000	-707,600,000	-675,700,000	-665,100,000	-664,800,000	-681,700,000	-542,900,000	-648,300,000	-634,500,000	-524,500,000	-629,700,000	-612,900,000	-690,200,000	-769,700,000	-655,200,000	-663,000,000	-713,900,000	-744,700,000	-681,100,000	-765,600,000	-782,800,000	-781,200,000	-702,800,000	-753,900,000	-278,900,000	-313,600,000	-250,900,000	-262,700,000	-265,200,000	-283,300,000	-240,600,000	-282,600,000	-289,600,000	-327,800,000	-263,900,000	-296,400,000	-307,800,000	-304,300,000	-285,300,000	-272,500,000	-300,600,000	-304,800,000	-248,200,000	-259,900,000	-248,200,000	-434,160,000	-434,106,000
goodwill impairment		-3,645,700,000
other operating income	-35,000,000	-275,200,000	-9,200,000	-15,900,000	-6,000,000	-65,800,000	100,000	6,300,000	-149,700,000	-12,700,000	200,000	-500,000
equity income	1,900,000	3,000,000	4,000,000	4,500,000	6,300,000	-800,000	-1,900,000	-900,000	-800,000	5,500,000	4,300,000	3,000,000	1,000,000	1,100,000	2,700,000	-100,000
operating income	324,300,000	-3,431,100,000	583,600,000	186,300,000	388,100,000	451,200,000	599,600,000	314,300,000	199,300,000	592,200,000	488,500,000	158,200,000	-511,500,000	330,100,000	114,500,000	224,400,000	165,000,000	531,400,000	580,800,000	177,200,000	-1,282,700,000	508,300,000	458,000,000	-92,500,000	310,900,000	-237,300,000	468,700,000	222,100,000	141,700,000	469,700,000	590,900,000	429,500,000	311,700,000	506,700,000	537,500,000	369,200,000	2,509,100,000	289,200,000	267,800,000	243,300,000	74,100,000	8,100,000	314,300,000	125,300,000	154,400,000	3,100,000	364,800,000	204,200,000	154,100,000	178,700,000	360,900,000	112,000,000	162,700,000	304,000,000	278,900,000	121,800,000	214,200,000	255,000,000	173,718,000	206,960,000
yoy	-16.44%	-860.44%	-2.67%	-40.73%	94.73%	-23.81%	22.74%	98.67%	-138.96%	79.40%	326.64%	-29.50%	-410.00%	-37.88%	-80.29%	26.64%	-112.86%	4.54%	26.81%	-291.57%	-512.58%	-314.20%	-2.28%	-141.65%	119.41%	-150.52%	-20.68%	-48.29%	-54.54%	-7.30%	9.93%	16.33%	-87.58%	75.21%	100.71%	51.75%	3286.10%	3470.37%	-14.79%	94.17%	-52.01%	161.29%	-13.84%	-38.64%	0.19%	-98.27%	1.08%	82.32%	-5.29%	-41.22%	29.40%	-8.05%	-24.04%	19.22%	60.55%	-41.15%
qoq	-109.45%	-687.92%	213.26%	-52.00%	-13.98%	-24.75%	90.77%	57.70%	-66.35%	21.23%	208.79%	-130.93%	-254.95%	188.30%	-48.98%	36.00%	-68.95%	-8.51%	227.77%	-113.81%	-352.35%	10.98%	-595.14%	-129.75%	-231.02%	-150.63%	111.03%	56.74%	-69.83%	-20.51%	37.58%	37.79%	-38.48%	-5.73%	45.59%	-85.29%	767.60%	7.99%	10.07%	228.34%	814.81%	-97.42%	150.84%	-18.85%	4880.65%	-99.15%	78.65%	32.51%	-13.77%	-50.48%	222.23%	-31.16%	-46.48%	9.00%	128.98%	-43.14%	-16.00%	46.79%	-16.06%
operating margin %	12.18%	-115.39%	18.23%	8.09%	14.19%	14.83%	18.44%	12.11%	7.14%	17.95%	14.95%	6.74%	-19.45%	11.25%	3.92%	10.13%	6.30%	18.83%	19.76%	9.33%	-55.91%	18.46%	18.30%	-4.40%	12.51%	-8.35%	15.90%	9.64%	5.86%	16.01%	19.15%	18.42%	12.08%	17.57%	17.39%	15.08%	109.38%	30.52%	27.15%	37.02%	8.78%	0.80%	31.25%	17.90%	15.86%	0.27%	30.69%	25.02%	14.98%	15.26%	30.64%	13.52%	15.79%	25.43%	27.91%	17.62%	22.85%	26.72%	11.34%	13.13%
interest income	191,700,000	-56,000,000	-58,500,000	-56,600,000	228,100,000	-93,100,000	-51,200,000	-48,400,000	187,900,000	-48,800,000	-54,600,000	-59,100,000	192,900,000	-58,700,000	-66,600,000	-63,300,000	198,500,000	-63,300,000	-67,900,000	-65,300,000	209,800,000	-67,900,000	-69,700,000	-68,900,000	212,700,000	-65,600,000	-65,600,000	-73,300,000	235,300,000	-67,400,000	-76,700,000	-83,200,000	264,400,000	-72,600,000	-89,200,000	-96,600,000	181,600,000	-66,600,000	-40,500,000	-47,300,000	94,900,000	-26,800,000	-30,600,000	-29,200,000	114,200,000	-31,300,000	-36,200,000	-35,400,000	147,600,000	-17,800,000	-41,200,000	-74,900,000	174,100,000	-54,400,000	-84,600,000	-23,800,000	92,500,000	-27,300,000
other pension and postretirement benefit (cost)	3,600,000	3,500,000	3,500,000	3,800,000	6,900,000	-26,600,000	7,300,000	7,400,000
other non-operating income	-5,400,000	-11,900,000	26,300,000	22,800,000	5,900,000	-100,000	4,200,000	-7,900,000	9,800,000	-1,900,000	4,600,000	200,000
total non-operating income	-58,000,000	-64,400,000	-28,700,000	-30,000,000	-41,800,000	-119,800,000	-39,700,000
income before income taxes	266,300,000	-3,495,500,000	554,900,000	156,300,000	346,300,000	331,400,000	559,900,000	265,400,000	165,500,000	544,000,000	441,100,000	101,900,000	-564,100,000	273,000,000	54,900,000	173,700,000	109,500,000	480,600,000	522,600,000	126,300,000	-1,337,300,000	450,400,000	401,700,000	-158,700,000	206,600,000	-308,600,000	400,600,000	181,300,000	69,300,000	410,100,000	523,000,000	357,400,000
income tax benefit	-57,000,000	558,600,000	-130,600,000	-33,200,000	-52,600,000	-102,600,000	-134,600,000	-55,500,000	-60,000,000	-112,400,000	-95,000,000	-28,700,000	-25,700,000	-54,900,000	-7,000,000	-36,400,000	-27,100,000	-26,800,000	-132,300,000	-44,300,000	-36,600,000	-104,000,000	-204,500,000	43,300,000	-40,400,000	-90,700,000	-70,400,000	-32,200,000	6,400,000	-64,500,000	-92,200,000	-74,900,000	386,100,000	-145,300,000	-123,000,000	-64,600,000	-993,200,000	-19,600,000	-21,200,000	-20,600,000	-7,900,000	27,300,000	-58,400,000	-12,800,000	-27,100,000	-700,000	-36,400,000	-4,800,000	-13,700,000	-32,700,000	-34,100,000	-3,500,000	-68,800,000	-42,500,000	-25,900,000	-17,300,000	-9,000,000	-31,100,000
net income	209,300,000	-2,936,900,000	424,300,000	123,100,000	293,700,000	228,800,000	425,300,000	209,900,000	105,500,000	431,600,000	346,100,000	73,200,000	-589,800,000	218,100,000	47,900,000	137,300,000	82,400,000	453,800,000	390,300,000	82,000,000	-1,373,900,000	346,400,000	197,200,000	-115,400,000	166,200,000	-399,300,000	330,200,000	149,100,000	75,700,000	345,600,000	430,800,000	282,500,000																											99,247,000	135,794,000
yoy	-28.74%	-1383.61%	-0.24%	-41.35%	178.39%	-46.99%	22.88%	186.75%	-117.89%	97.89%	622.55%	-46.69%	-815.78%	-51.94%	-87.73%	67.44%	-106.00%	31.00%	97.92%	-171.06%	-926.65%	-186.75%	-40.28%	-177.40%	119.55%	-215.54%	-23.35%	-47.22%
qoq	-107.13%	-792.18%	244.68%	-58.09%	28.37%	-46.20%	102.62%	98.96%	-75.56%	24.70%	372.81%	-112.41%	-370.43%	355.32%	-65.11%	66.63%	-81.84%	16.27%	375.98%	-105.97%	-496.62%	75.66%	-270.88%	-169.43%	-141.62%	-220.93%	121.46%	96.96%	-78.10%	-19.78%	52.50%																												-26.91%
net income margin %	7.86%	-98.77%	13.26%	5.34%	10.74%	7.52%	13.08%	8.08%	3.78%	13.09%	10.60%	3.12%	-22.43%	7.43%	1.64%	6.20%	3.15%	16.08%	13.28%	4.32%	-59.88%	12.58%	7.88%	-5.49%	6.68%	-14.05%	11.20%	6.47%	3.13%	11.78%	13.96%	12.12%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	6.48%	8.61%
net loss attributable to noncontrolling interests	29,000,000	9,300,000	4,400,000	-2,100,000	-5,900,000	-29,000,000	1,700,000	-2,100,000	-2,200,000	-900,000	-3,700,000	-700,000	-700,000	-1,700,000	-600,000	14,200,000	-2,400,000	-800,000	-1,700,000	2,100,000	4,100,000	-3,600,000	-2,200,000	-1,600,000	-500,000	-3,500,000	-800,000	2,300,000	300,000	-7,300,000	-6,700,000	-4,400,000	-4,425,000	-6,100,000	-5,100,000	-6,500,000	-925,000	-1,300,000	-1,600,000	-800,000
net income attributable to molson coors beverage company	238,300,000	-2,927,600,000	428,700,000	121,000,000	287,800,000	199,800,000	427,000,000	207,800,000	103,300,000	430,700,000	342,400,000	72,500,000	-590,500,000	216,400,000	47,300,000	151,500,000	80,000,000	453,000,000	388,600,000	84,100,000	-1,369,800,000	342,800,000	195,000,000	-117,000,000
net income attributable to molson coors beverage company per share
basic	1.12	-14.79	2.14	0.6	1.4	0.96	2.03	0.98	0.48	1.99	1.58	0.33	-2.72	1	0.22	0.7	0.37	2.09	1.79	0.39	-6.32	1.58	0.9	-0.54	0.76	-1.86	1.52	0.7	0.35	1.57	1.96	1.29
diluted	1.12	-14.79	2.13	0.59	1.39	0.96	2.03	0.97	0.48	1.98	1.57	0.33	-2.72	0.99	0.22	0.7	0.36	2.08	1.79	0.39	-6.32	1.58	0.9	-0.54	0.75	-1.86	1.52	0.7	0.35	1.56	1.96	1.28
weighted-average shares outstanding
basic	199.1	197.9	200.5	203	208.8	207.2	210	212.7	216	216.1	216.4	216.5	216.9	216.8	217	217.2	217.1	217.2	217.1	217	216.8	216.9	216.9	216.7	216.6	216.6	216.6	216.5	216	216	216	215.8
dilutive effect of share-based awards			0.7	1		0.8	0.8	1.5		1.5	1.4	0.8	0.175	0.8	0.8	0.6	0.1	0.4	0.5	0.4	0.05	0.1	0.1				0.3	0.4	-0.1	0.6	0.5	0.8
diluted	-1.3	197.9	201.2	204	-1.1	208	210.8	214.2	-0.3	217.6	217.8	217.3	-0.8	217.6	217.8	217.8	0.1	217.6	217.6	217.4	-0.2	217	217	216.7		216.6	216.9	216.9		216.6	216.5	216.6
other pension and postretirement benefits (costs)									1,925,000	2,500,000	2,600,000	2,600,000	900,000	14,800,000	10,300,000	10,600,000	7,500,000	12,900,000	13,000,000	13,000,000	7,600,000	7,600,000	7,600,000	7,500,000	-22,100,000	8,000,000	8,400,000	8,600,000	10,700,000	7,600,000	9,900,000	10,000,000
special items													-5,725,000	5,300,000	-600,000	-27,600,000	-27,200,000	2,600,000	-9,000,000	-10,900,000	-1,529,600,000	-59,700,000	-64,300,000	-86,600,000	-42,400,000	-703,300,000	49,900,000	-13,000,000	-18,000,000	-36,600,000	-10,500,000	314,800,000	-3,700,000	-4,100,000	-16,500,000	-3,800,000	2,444,900,000	4,900,000	-34,500,000	108,600,000	-10,900,000	-293,500,000	-33,700,000	-8,600,000	-6,600,000	-367,600,000	-2,700,000	52,500,000	-34,200,000	-163,000,000	-1,300,000	-1,500,000	-22,800,000	-35,900,000	-21,200,000	-1,500,000	-1,200,000	-100,000
other income													-3,625,000	-13,200,000	-3,300,000	2,000,000	-1,200,000	-400,000	-3,300,000	1,400,000	2,600,000	2,400,000	5,800,000	-4,800,000	-14,000,000	-13,700,000	-10,900,000	23,900,000	-12,200,000	200,000	-1,100,000	1,100,000	500,000	-2,500,000	1,500,000	400,000	15,200,000	800,000	-30,400,000	-15,300,000	-6,500,000	3,700,000	6,300,000	-2,600,000	-3,000,000	-5,000,000	700,000	800,000	27,400,000	-5,500,000	-7,300,000	4,300,000	-12,000,000	-6,400,000	-70,500,000	-1,400,000	-1,200,000	-2,300,000	8,511,000	6,421,000
anti-dilutive securities excluded from the computation of diluted eps													0.225	0.8	1.2	2.2	0.45	1.8	1.3	1.8	0.575	2.3	2.3	2.9	0.325	1.6	1.3	1.1	0.225	0.9	1.2	0.5
net income attributable to molson coors beverage company per share:
basic	1.12	-14.79	2.14	0.6	1.4	0.96	2.03	0.98	0.48	1.99	1.58	0.33	-2.72	1	0.22	0.7	0.37	2.09	1.79	0.39	-6.32	1.58	0.9	-0.54	0.76	-1.86	1.52	0.7	0.35	1.57	1.96	1.29
diluted	1.12	-14.79	2.13	0.59	1.39	0.96	2.03	0.97	0.48	1.98	1.57	0.33	-2.72	0.99	0.22	0.7	0.36	2.08	1.79	0.39	-6.32	1.58	0.9	-0.54	0.75	-1.86	1.52	0.7	0.35	1.56	1.96	1.28
weighted-average shares outstanding:
basic	199.1	197.9	200.5	203	208.8	207.2	210	212.7	216	216.1	216.4	216.5	216.9	216.8	217	217.2	217.1	217.2	217.1	217	216.8	216.9	216.9	216.7	216.6	216.6	216.6	216.5	216	216	216	215.8
net income attributable to molson coors brewing company																									19,500,000	-402,800,000	329,400,000	151,400,000	76,000,000	338,300,000	424,100,000	278,100,000	609,600,000	280,000,000	323,300,000	201,300,000	1,438,400,000	202,500,000	172,300,000	158,800,000	32,800,000	16,600,000	229,000,000	81,100,000	94,100,000	-34,400,000	290,900,000	163,400,000	131,500,000	121,800,000	278,400,000	35,600,000	60,000,000	198,400,000	105,100,000	79,500,000	173,200,000	197,400,000
net income attributable to molson coors brewing company per share:
basic	1.12	-14.79	2.14	0.6	1.4	0.96	2.03	0.98	0.48	1.99	1.58	0.33	-2.72	1	0.22	0.7	0.37	2.09	1.79	0.39	-6.32	1.58	0.9	-0.54	0.76	-1.86	1.52	0.7	0.35	1.57	1.96	1.29
diluted	1.12	-14.79	2.13	0.59	1.39	0.96	2.03	0.97	0.48	1.98	1.57	0.33	-2.72	0.99	0.22	0.7	0.36	2.08	1.79	0.39	-6.32	1.58	0.9	-0.54	0.75	-1.86	1.52	0.7	0.35	1.56	1.96	1.28
dividends declared and paid per share																													0.308	0.41	0.41	0.41
equity income in millercoors																																					9,700,000	156,900,000	191,900,000	142,400,000	46,200,000	135,300,000	205,500,000	129,300,000	90,000,000	158,900,000	190,100,000	122,800,000	100,700,000	148,300,000	172,600,000	117,400,000	74,400,000	132,000,000	185,600,000	118,900,000	85,500,000	99,400,000
income from continuing operations before income taxes																																	227,300,000	431,600,000	449,800,000	273,000,000	2,434,300,000	223,400,000	196,900,000	180,700,000	42,200,000	-15,000,000	290,000,000	93,500,000	120,600,000	-33,200,000	329,300,000	169,600,000	145,300,000	155,400,000	312,400,000	41,400,000	128,500,000	243,200,000	123,800,000	96,600,000	181,800,000	225,400,000	79,871,250	185,113,000
net income from continuing operations																																	613,400,000	286,300,000	326,800,000	208,400,000	1,441,100,000	203,800,000	175,700,000	160,100,000	34,300,000	12,300,000	231,600,000	80,700,000	93,500,000	-33,900,000	292,900,000	164,800,000	131,600,000	122,700,000	278,300,000	37,900,000	59,700,000	200,700,000	97,900,000	79,300,000	172,800,000	194,300,000
income from discontinued operations, net of tax																																	700,000	-200,000	1,600,000	-600,000	-500,000		-1,800,000	-500,000	-600,000	2,900,000	-300,000	1,900,000	900,000	1,300,000	200,000	-1,900,000	300,000	900,000	1,700,000	-900,000	-100,000	700,000	800,000	100,000	800,000	2,700,000
net income including noncontrolling interests																																	614,100,000	286,100,000	328,400,000	207,800,000	1,440,600,000	203,800,000	173,900,000	159,600,000	33,700,000	15,200,000	231,300,000	82,600,000	94,400,000	-32,600,000	293,100,000	162,900,000	131,900,000	123,600,000	280,000,000	37,000,000	59,600,000	201,400,000	98,700,000	79,400,000	173,600,000	197,000,000
basic net income attributable to molson coors brewing company per share:
from continuing operations																																	2.83	1.3	1.49	0.94	6.77	0.94	0.81	0.78	0.18	0.07	1.23	0.43	0.51	-0.2	1.57	0.9	0.71	0.65	1.51	0.2	0.33	1.09	0.58	0.44	0.96	1.05	0.76	1.42
from discontinued operations																																			0.01				-0.01			0.02		0.01		0.01		-0.01		0.01	0.01							0.01	0.003	0.16
basic net income attributable to molson coors brewing company per share																																	2.83	1.3	1.5	0.94	6.77	0.94	0.8	0.78	0.18	0.09	1.23	0.44	0.51	-0.19	1.57	0.89	0.71	0.66	1.52	0.2
diluted net income attributable to molson coors brewing company per share:
diluted net income attributable to molson coors brewing company per share																																	2.81	1.29	1.49	0.93	6.73	0.94	0.8	0.78	0.18	0.09	1.23	0.43	0.5	-0.19	1.56	0.88	0.71	0.66	1.51	0.2
weighted-average shares—basic																																	215.4	215.5	215.4	215	212	214.8	214.7	203.6	185.3	185	185.7	185.8	184.9	185.1	184.8	184.3	183	183.5	182.9	181.7	180.8	181	180.8	180.3	184.9	185	86,083	86,160
weighted-average shares—diluted																																	216.5	216.5	216.4	216.5	213.4	216.3	215.7	204.8	186.4	186	186.5	186.9	186.1	185.1	185.9	185.5	184.2	184.6	184.1	182.9	181.8	182	181.6	181.7	186.4	186.2	86,656	86,783
amounts attributable to molson coors brewing company
net (income) loss attributable to noncontrolling interests																																									-900,000	1,400,000	-2,300,000	-1,500,000	-300,000	-1,800,000	-2,200,000
less: net (income) loss attributable to noncontrolling interests																																																500,000	-400,000	-1,800,000	-1,600,000	-1,400,000	400,000	-3,000,000	6,400,000	100,000
basic net income per share																																																					0.53	1.09	0.58	0.44	0.675	1.06	1.14	1.58
diluted net income per share																																																					0.528	1.09	0.57	0.44	0.67	1.06	1.14	1.56
less: net loss attributable to noncontrolling interests																																																									-100,000	400,000
special charges																																																											-20,281,000	-28,453,000
interest expense																																																											-45,953,000	-28,268,000
income tax expense																																																											-37,180,000	-57,628,000
income from continuing operations before minority interests																																																											115,385,000	127,485,000
minority interests in net income of consolidated entities																																																											-3,286,000	-5,100,000
income from continuing operations																																																											112,099,000	122,385,000
gain from discontinued operations, net of tax																																																											81,750	13,409,000
basic income per share:
diluted income per share:

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2011-09-24	2008-03-30	2007-12-30	2007-09-30	2007-07-01	2007-04-01	2006-12-31	2006-09-24	2006-06-25

assets
current assets
cash and cash equivalents	896,500,000	950,200,000	613,800,000	412,700,000	969,300,000	1,021,700,000	1,647,300,000	458,400,000	868,900,000	801,700,000	960,900,000	328,200,000	600,000,000	525,200,000	442,100,000	358,700,000	637,400,000	616,300,000	1,308,900,000	532,700,000	770,100,000	731,300,000	780,800,000	666,100,000	523,400,000	410,200,000	490,200,000	234,400,000	1,057,900,000	750,100,000	792,900,000	197,900,000	418,600,000	971,300,000	502,900,000	395,000,000	560,900,000	9,981,500,000	2,990,300,000	2,602,900,000	430,900,000	393,600,000	413,800,000	624,600,000	722,100,000	506,000,000	337,600,000	442,300,000	406,900,000	801,600,000	511,500,000	624,000,000	585,700,000	516,000,000	836,300,000	1,078,900,000	987,200,000						182,186,000	179,137,000
trade receivables	703,000,000	842,500,000	1,021,700,000	789,100,000	693,100,000	873,500,000	1,073,800,000	894,100,000	757,800,000
other receivables	187,300,000	151,300,000	133,700,000	119,900,000	149,800,000	144,600,000	130,800,000	122,100,000	121,600,000	161,700,000	129,100,000	121,600,000	126,400,000	178,900,000	206,500,000	207,300,000		183,300,000	154,400,000	159,300,000		123,100,000	129,100,000	107,100,000		129,100,000	175,800,000	141,600,000		184,200,000	131,100,000	168,000,000		197,900,000	113,800,000	166,500,000		164,400,000	155,100,000	316,400,000		91,800,000	90,500,000		115,700,000	141,500,000	161,300,000		104,200,000	109,800,000	138,000,000		127,100,000	136,200,000	133,700,000		149,700,000							139,993,000
inventories	715,900,000	820,600,000	902,000,000	870,500,000	727,800,000	833,300,000	848,500,000	870,900,000	802,300,000	852,600,000	863,400,000	915,600,000		866,800,000	872,400,000	935,800,000		806,500,000	749,500,000	746,400,000		657,700,000	639,100,000	681,500,000		642,800,000	698,100,000	687,900,000		631,900,000	637,500,000	665,600,000		636,000,000	633,700,000	663,500,000
other current assets	432,800,000	465,800,000	404,900,000	371,400,000	308,400,000	356,400,000	337,300,000	331,500,000	297,900,000	353,100,000	360,700,000	382,400,000	378,900,000	368,700,000	465,700,000	607,600,000	457,200,000	505,500,000	457,000,000	369,600,000	297,300,000	434,200,000	280,000,000	280,000,000	224,800,000	283,300,000	304,000,000	364,600,000	245,600,000	312,700,000	341,100,000	326,200,000	277,600,000	277,800,000	275,700,000	297,700,000	210,700,000	109,100,000	128,000,000	156,600,000	105,300,000	89,800,000	105,300,000	79,200,000	109,200,000	119,300,000	123,700,000	82,100,000	118,000,000	134,700,000	141,500,000	89,200,000				72,000,000
total current assets	2,935,500,000	3,230,400,000	3,076,100,000	2,563,600,000	2,848,400,000	3,229,500,000	4,037,700,000	2,677,000,000	2,848,500,000	3,087,800,000	3,329,200,000	2,551,600,000	2,638,000,000	2,749,400,000	2,871,900,000	2,870,600,000	2,778,700,000	2,919,900,000	3,602,100,000	2,365,900,000	2,418,800,000	2,640,500,000	2,542,700,000	2,372,500,000	2,184,400,000	2,286,900,000	2,600,400,000	2,338,000,000	2,766,300,000	2,812,300,000	2,887,500,000	2,137,000,000	2,189,700,000	2,916,400,000	2,489,000,000	2,279,200,000	2,169,600,000	10,947,700,000	4,070,700,000	3,762,800,000	1,258,800,000	1,351,600,000	1,476,200,000	1,578,900,000	1,811,900,000	1,800,300,000	1,484,300,000	1,537,700,000	1,596,100,000	2,071,300,000	1,689,700,000	1,748,000,000	1,780,800,000	1,833,600,000	1,874,200,000	2,118,000,000	1,997,500,000						1,458,356,000	1,452,504,000
property, plant and equipment	4,768,700,000	4,626,700,000	4,633,400,000	4,505,500,000	4,460,400,000	4,497,000,000	4,473,000,000	4,443,000,000	4,444,500,000
goodwill	1,944,700,000	1,943,500,000	5,592,000,000	5,582,300,000	5,582,300,000	5,317,600,000	5,321,900,000	5,321,300,000	5,325,300,000	5,320,800,000	5,296,100,000	5,292,400,000	5,291,900,000	6,133,300,000	6,148,500,000	6,155,000,000	6,152,600,000	6,151,800,000	6,156,900,000	6,153,900,000	6,151,000,000	7,624,100,000	7,561,800,000	7,539,000,000	7,631,400,000	7,549,200,000	8,288,900,000	8,279,400,000	8,260,800,000	8,333,000,000	8,332,600,000	8,442,700,000	8,405,500,000	8,346,900,000	8,391,200,000	8,276,200,000	8,250,100,000	1,925,200,000	1,943,500,000	2,028,900,000	1,983,300,000	2,046,800,000	2,115,300,000	2,191,600,000	2,294,100,000	2,440,700,000	2,394,700,000	2,418,700,000	2,415,300,000	2,325,500,000	2,365,700,000	2,453,100,000	2,415,600,000	2,288,000,000	1,491,500,000	1,453,300,000	1,499,700,000						2,968,676,000	3,018,939,000
other intangibles	11,991,100,000	12,015,000,000	12,394,400,000	12,204,500,000	12,195,200,000	12,408,000,000	12,393,500,000	12,472,300,000	12,614,600,000	12,712,200,000	12,807,000,000	12,799,300,000	12,800,100,000	12,663,200,000	12,993,500,000	13,221,800,000		13,345,600,000	13,498,300,000	13,482,200,000		13,410,400,000	13,384,000,000	13,305,100,000		13,587,200,000	13,767,400,000	13,749,600,000		13,996,400,000	14,018,400,000	14,237,600,000		14,315,800,000	14,199,600,000	14,032,600,000		4,880,400,000	4,928,900,000	4,984,900,000		4,923,600,000	5,373,300,000		6,025,900,000	6,777,200,000	6,652,300,000		6,973,700,000	6,947,400,000	7,028,300,000		7,226,900,000	7,125,300,000	4,682,800,000		4,566,000,000							4,584,410,000
other assets	1,098,400,000	1,057,800,000	1,130,800,000	1,074,600,000	978,000,000	1,183,200,000	1,168,100,000	1,158,700,000	1,142,200,000	1,179,400,000	1,019,300,000	939,100,000	915,500,000	1,104,700,000	1,204,300,000	1,263,600,000	1,208,500,000	1,113,500,000	1,088,800,000	1,018,100,000	954,900,000	820,200,000	806,300,000	850,900,000	841,500,000	896,300,000	899,800,000	903,300,000	698,000,000	735,100,000	723,000,000	686,400,000	681,500,000	508,400,000	453,600,000	426,100,000	382,500,000	228,500,000	237,300,000	222,500,000	216,600,000	208,000,000	196,300,000	203,600,000	230,300,000	241,800,000	251,100,000	260,100,000	204,900,000	202,000,000	188,900,000	196,900,000	130,200,000	140,400,000	108,700,000	165,900,000	84,900,000						148,694,000	110,830,000
total assets	22,738,400,000	22,873,400,000	26,826,700,000	25,930,500,000	26,064,300,000	26,635,300,000	27,394,200,000	26,072,300,000	26,375,100,000	26,568,400,000	26,789,600,000	25,852,500,000	25,868,300,000	26,708,500,000	27,387,900,000	27,721,500,000	27,619,000,000	27,643,500,000	28,519,900,000	27,163,600,000	27,331,100,000	28,675,300,000	28,638,800,000	28,461,100,000	28,859,800,000	28,751,600,000	30,061,600,000	29,823,600,000	30,109,800,000	30,470,300,000	30,560,900,000	30,184,500,000	30,246,900,000	30,677,700,000	30,118,600,000	29,542,900,000	29,341,500,000	22,196,800,000	15,322,200,000	15,210,300,000	12,276,300,000	12,645,300,000	13,397,200,000	13,996,300,000	14,833,400,000	15,873,000,000	15,365,800,000	15,580,100,000	15,772,800,000	16,116,900,000	15,942,700,000	16,212,200,000	16,466,500,000	16,236,700,000	12,436,200,000	12,423,800,000	12,429,900,000						11,603,413,000	11,784,725,000
liabilities and equity
current liabilities
accounts payable and other current liabilities	2,876,700,000	2,937,600,000	3,178,300,000	2,782,600,000	3,013,000,000	3,210,500,000	3,342,100,000	2,957,500,000	3,180,800,000	3,358,900,000	3,406,700,000	2,893,500,000	2,978,300,000	3,086,200,000	3,267,300,000	2,873,400,000	3,107,300,000	3,220,000,000	3,366,800,000	2,532,800,000	2,889,500,000	3,068,400,000	3,192,700,000	2,558,400,000	2,767,300,000	2,694,800,000	3,045,600,000	2,561,300,000	2,706,400,000	2,820,600,000	2,971,000,000	2,537,100,000	2,679,600,000	2,506,100,000	2,616,600,000	2,200,500,000	2,467,700,000	1,273,900,000	1,315,600,000	1,153,900,000	1,184,400,000	1,196,200,000	1,332,900,000	1,305,000,000	1,366,400,000	1,514,700,000	1,267,000,000	1,336,400,000	1,394,600,000	1,363,100,000
current portion of long-term debt and short-term borrowings	2,434,100,000	2,407,200,000	62,300,000	83,200,000	32,200,000	37,700,000	894,200,000	905,500,000	911,800,000	878,800,000	423,200,000	412,700,000	397,100,000	505,000,000	247,000,000	681,900,000	514,900,000	559,800,000	1,525,100,000	1,063,500,000	1,020,100,000	1,242,100,000	613,000,000	1,445,000,000	928,200,000	1,193,800,000	1,034,700,000	1,641,100,000	1,594,500,000	1,602,000,000	1,411,000,000	1,591,300,000	714,800,000	1,745,000,000	686,600,000	843,000,000	684,800,000	326,900,000	347,000,000	63,500,000	28,700,000	48,200,000	832,400,000	849,400,000	1,108,700,000	451,600,000	630,400,000	586,900,000	638,300,000	1,272,400,000	1,260,400,000	1,245,600,000	1,258,600,000	802,500,000	48,200,000	46,900,000	46,400,000
total current liabilities	5,310,800,000	5,344,800,000	3,240,600,000	2,865,800,000	3,045,200,000	3,248,200,000	4,236,300,000	3,863,000,000	4,092,600,000	4,237,700,000	3,829,900,000	3,306,200,000	3,375,400,000	3,591,200,000	3,514,300,000	3,555,300,000	3,622,200,000	3,779,800,000	4,891,900,000	3,596,300,000	3,909,600,000	4,310,500,000	3,805,700,000	4,003,400,000	3,695,500,000	3,888,600,000	4,080,300,000	4,202,400,000	4,300,900,000	4,422,600,000	4,382,000,000	4,128,400,000	3,399,300,000	4,256,200,000	3,308,100,000	3,048,700,000	3,157,500,000	1,605,700,000	1,667,600,000	1,221,900,000	1,217,200,000	1,413,300,000	2,349,500,000	2,325,300,000	2,619,800,000	2,111,700,000	2,071,800,000	2,142,100,000	2,287,900,000	2,919,900,000	2,614,800,000	2,598,700,000	2,725,200,000	2,286,100,000	1,060,000,000	1,277,200,000	1,285,500,000						1,800,116,000	1,936,447,000
long-term debt	3,865,400,000	3,884,800,000	6,257,000,000	6,154,600,000	6,113,900,000	6,203,000,000	6,161,500,000	5,312,200,000	5,312,100,000	5,301,100,000	6,191,900,000	6,177,700,000	6,165,200,000	6,082,700,000	6,557,800,000	6,631,500,000	6,647,200,000	6,661,000,000	6,701,900,000	7,181,200,000	7,208,200,000	7,129,500,000	8,073,700,000	8,032,100,000	8,109,500,000	8,058,500,000	8,517,900,000	8,484,800,000	8,893,800,000	8,970,300,000	9,455,100,000	9,527,000,000	10,598,700,000	10,574,200,000	11,185,100,000	11,443,100,000	11,387,700,000	9,560,700,000	2,680,300,000	2,973,400,000	2,908,700,000	2,953,900,000	2,305,200,000	2,337,100,000	2,345,800,000	3,208,600,000	3,162,300,000	3,213,000,000	3,253,500,000	3,295,700,000	3,390,800,000	3,422,500,000	3,438,100,000	4,097,900,000	1,950,400,000	1,914,900,000	1,901,300,000						2,129,845,000	2,176,970,000
pension and postretirement benefits	427,100,000	409,500,000	415,100,000	413,900,000	416,700,000	452,600,000	455,100,000	459,300,000	465,800,000	463,000,000	468,700,000	470,000,000	473,300,000	625,300,000	640,000,000	649,900,000	654,400,000	737,900,000	751,800,000	757,700,000	763,200,000	691,500,000	694,700,000	693,900,000	716,600,000	715,700,000	725,500,000	726,900,000	726,600,000	827,600,000	828,100,000	838,000,000	848,500,000	895,500,000	1,124,800,000	1,157,900,000	1,196,000,000	206,100,000	209,100,000	208,900,000	201,900,000	243,000,000	269,000,000	542,900,000	417,000,000	443,300,000	436,500,000	462,600,000				833,000,000
deferred tax liabilities	2,284,700,000	2,242,900,000	2,794,200,000	2,738,300,000	2,733,400,000	2,795,300,000	2,760,400,000	2,706,800,000	2,697,200,000	2,706,800,000	2,671,400,000	2,658,600,000	2,646,400,000	2,727,600,000	2,782,700,000	2,776,600,000	2,704,600,000	2,607,700,000	2,585,800,000	2,476,800,000	2,381,600,000	2,276,000,000	2,218,500,000	2,184,200,000	2,258,600,000	2,214,100,000	2,199,600,000	2,151,500,000	2,128,900,000	1,853,600,000	1,771,000,000	1,688,700,000	1,648,600,000	1,932,400,000	1,865,200,000	1,762,600,000	1,699,000,000	798,100,000	802,500,000	796,100,000		164,800,000	179,000,000	164,800,000	138,100,000	138,100,000	167,300,000	138,100,000	111,200,000	112,300,000	168,900,000	152,300,000	171,800,000	171,500,000	169,100,000	161,300,000	236,300,000						116,329,000	151,861,000
other liabilities	307,700,000	322,600,000	323,100,000	306,100,000	302,400,000	368,500,000	365,200,000	372,800,000	372,300,000	371,800,000	370,800,000	321,000,000	292,800,000	285,200,000	290,300,000	337,700,000	326,500,000	334,600,000	352,100,000	317,600,000	447,200,000	492,200,000	578,200,000	601,500,000	406,500,000	468,200,000	393,300,000	369,900,000	323,800,000	306,200,000	328,100,000	338,900,000	304,400,000	309,900,000	317,200,000	307,200,000	267,000,000	61,000,000	63,800,000	66,900,000	66,900,000	70,300,000	64,600,000	79,700,000	57,100,000	66,700,000	63,500,000	74,200,000	115,800,000	106,800,000	88,400,000	93,900,000	81,300,000	80,500,000	70,000,000	77,500,000	133,600,000						93,721,000	71,459,000
total liabilities	12,195,700,000	12,204,600,000	13,030,000,000	12,478,700,000	12,611,600,000	13,067,600,000	13,978,500,000	12,714,100,000	12,940,000,000	13,080,400,000	13,532,700,000	12,933,500,000	12,953,100,000	13,312,000,000	13,785,100,000	13,951,000,000	13,954,900,000	14,121,000,000	15,283,500,000	14,329,600,000	14,709,800,000	14,899,700,000	15,370,800,000	15,515,100,000	15,186,700,000	15,345,100,000	15,916,600,000	15,935,500,000	16,374,000,000	16,380,300,000	16,764,300,000	16,521,000,000	16,811,900,000	17,981,100,000	17,812,800,000	17,732,600,000	17,719,800,000	12,256,400,000	5,450,300,000	5,291,000,000	5,213,200,000	5,372,600,000	5,765,800,000	6,110,200,000	6,411,000,000	6,887,900,000	6,741,100,000	6,916,300,000	7,454,100,000	8,106,100,000	8,145,800,000	8,220,600,000	8,187,300,000	8,354,800,000	4,588,300,000	4,733,600,000	4,491,100,000						5,739,275,000	5,866,466,000
commitments and contingencies
redeemable noncontrolling interest	115,600,000				168,500,000		26,700,000	27,300,000	27,900,000	28,200,000
molson coors beverage company stockholders' equity
capital stock
preferred stock, 0.01 par value
class a common stock																																																															13,000	14,000
class b common stock	2,200,000	2,200,000	2,200,000	2,200,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	-471,400,000	1,700,000	-421,400,000	-371,400,000	1,700,000	-321,100,000	-321,100,000	-321,100,000	1,700,000	-321,100,000	-321,100,000	-321,100,000	1,600,000	-321,100,000	-321,100,000	-321,100,000	1,600,000	-271,100,000
class a exchangeable shares, no par value	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	100,800,000	102,200,000	102,200,000	102,200,000	102,200,000	102,200,000	102,200,000	102,200,000	102,200,000	102,300,000	102,300,000	102,300,000	102,300,000	102,500,000	102,500,000	102,500,000	102,500,000	103,000,000	103,200,000	103,200,000	103,400,000	107,700,000	107,700,000	107,700,000	107,700,000	107,700,000	108,400,000	108,100,000	108,100,000	108,100,000	108,200,000	108,200,000	108,300,000	108,300,000	108,500,000	108,500,000	108,500,000	108,500,000	108,500,000	108,100,000	108,500,000	108,500,000	110,200,000	110,500,000	110,500,000	110,500,000	110,500,000	110,500,000
class b exchangeable shares, no par value	266,900,000	266,900,000	266,900,000	267,500,000	271,100,000	271,100,000	352,300,000	352,300,000	352,300,000	356,000,000	380,700,000	397,700,000	413,300,000	417,200,000	417,200,000	417,200,000	417,800,000	417,800,000	417,800,000	417,800,000	417,800,000	417,800,000	557,800,000	557,800,000	557,800,000	557,800,000	557,900,000	557,600,000	557,600,000	557,400,000	553,200,000	553,200,000	553,200,000	553,200,000	554,400,000	567,600,000	571,200,000	579,600,000	580,300,000	581,400,000	603,000,000	628,200,000	634,800,000	661,500,000	683,500,000	709,600,000	712,400,000	714,100,000	718,100,000	720,500,000	724,200,000	724,400,000	724,800,000	724,800,000	724,800,000	724,800,000	724,800,000
paid-in capital	7,247,200,000	7,239,500,000	7,230,600,000	7,222,900,000	7,223,600,000	7,211,000,000	7,119,400,000	7,106,900,000	7,108,400,000	7,099,800,000	7,059,500,000	7,025,600,000	7,006,400,000	6,994,100,000	6,984,100,000	6,975,600,000	6,970,900,000	6,963,500,000	6,955,200,000	6,947,100,000	6,937,800,000	6,931,300,000	6,786,300,000	6,780,700,000	6,773,600,000	6,772,900,000	6,783,300,000	6,776,200,000	6,773,100,000	6,715,900,000	6,707,000,000	6,697,400,000	6,688,500,000	6,676,600,000	6,658,500,000	6,629,900,000	6,635,300,000	6,565,600,000	6,556,600,000	6,550,000,000	4,000,400,000	3,951,700,000	3,937,200,000	3,871,200,000	3,836,700,000	3,790,300,000	3,777,600,000	3,747,600,000	3,727,700,000	3,709,500,000	3,659,700,000	3,623,600,000	3,615,400,000	3,604,600,000	3,598,700,000	3,572,100,000	3,567,200,000						2,390,556,000	2,233,769,000
retained earnings	5,723,700,000	5,576,500,000	8,597,500,000	8,263,000,000	8,238,000,000	8,040,200,000	7,932,400,000	7,597,400,000	7,484,300,000	7,470,000,000	7,129,300,000	6,877,000,000	6,894,100,000	7,567,400,000	7,433,800,000	7,469,800,000	7,401,500,000	7,395,800,000	7,016,900,000	6,628,300,000	6,544,200,000	7,914,000,000	7,571,200,000	7,376,200,000	7,617,000,000	7,576,800,000	8,103,100,000	7,862,400,000	7,692,900,000	7,953,200,000	7,703,500,000	7,367,900,000	7,206,100,000	6,658,700,000	6,467,000,000	6,232,000,000	6,119,000,000	4,768,900,000	4,650,600,000	4,566,500,000	4,496,000,000	4,538,500,000	4,597,700,000	4,439,900,000	4,414,300,000	4,517,100,000	4,328,400,000	4,233,200,000	4,160,600,000	4,097,700,000	3,877,900,000	3,900,500,000	3,898,700,000	3,758,400,000	3,711,400,000	3,689,700,000	3,574,500,000						1,673,455,000	1,601,937,000
accumulated other comprehensive income	-1,071,600,000	-1,145,100,000	-1,066,900,000	-1,325,400,000	-1,362,400,000	-1,107,100,000	-1,217,300,000	-1,192,600,000	-1,116,300,000	-1,198,600,000	-1,093,400,000	-1,170,600,000	-1,205,500,000	-1,402,500,000	-1,069,000,000	-949,600,000	-1,006,000,000	-1,134,500,000	-1,038,100,000	-1,045,400,000	-1,167,800,000	-1,383,400,000	-1,545,600,000	-1,661,300,000	-1,162,200,000	-1,378,300,000	-1,178,600,000	-1,182,700,000	-1,150,000,000	-996,400,000	-1,025,400,000	-810,900,000	-860,000,000	-1,038,600,000	-1,222,300,000	-1,470,200,000	-1,545,500,000	-1,633,300,000	-1,573,900,000	-1,437,900,000	-1,694,900,000	-1,556,700,000	-1,301,200,000	-898,400,000	-325,600,000	155,900,000	-6,600,000	154,900,000	-104,500,000	-332,300,000	-279,800,000	-72,300,000	195,300,000	-68,000,000	-18,600,000	-129,700,000	189,500,000						316,978,000	497,737,000
total molson coors beverage company stockholders' equity	10,230,300,000	10,325,100,000	13,440,700,000	13,090,300,000	13,092,400,000	13,345,300,000	13,179,600,000	13,120,100,000	13,196,000,000	13,246,000,000	13,030,800,000	12,696,500,000	12,689,700,000	13,170,300,000	13,372,800,000	13,531,800,000	13,417,100,000	13,275,500,000	12,984,800,000	12,580,800,000	12,365,000,000	13,512,700,000	13,002,900,000	12,686,600,000	13,419,400,000
noncontrolling interests	196,800,000	198,200,000	195,600,000	195,700,000	191,800,000	180,200,000	209,400,000	210,800,000	211,200,000	213,800,000	226,100,000	222,500,000	225,500,000	226,200,000	230,000,000	238,700,000	247,000,000	247,000,000	251,600,000	253,200,000	256,300,000	262,900,000	265,100,000	259,400,000	253,700,000	244,100,000	245,600,000	240,800,000	228,400,000	225,900,000	220,000,000	217,600,000	208,900,000	208,400,000	209,900,000	212,000,000	203,000,000	20,900,000	19,600,000	20,500,000	20,100,000	22,400,000	24,300,000	22,800,000	24,400,000	23,100,000	23,800,000	24,900,000	28,100,000	26,300,000	25,800,000	24,700,000	54,000,000	71,100,000	40,600,000	42,300,000	41,800,000
total equity	10,427,100,000	10,523,300,000	13,636,300,000	13,286,000,000	13,284,200,000	13,525,500,000	13,389,000,000	13,330,900,000	13,407,200,000	13,459,800,000	13,256,900,000	12,919,000,000	12,915,200,000	13,396,500,000	13,602,800,000	13,770,500,000	13,664,100,000	13,522,500,000	13,236,400,000	12,834,000,000	12,621,300,000	13,775,600,000	13,268,000,000	12,946,000,000	13,673,100,000	13,406,500,000	14,145,000,000	13,888,100,000	13,735,800,000	14,090,000,000	13,796,600,000	13,663,500,000	13,435,000,000	12,696,600,000	12,305,800,000	11,810,300,000	11,621,700,000	9,940,400,000	9,871,900,000	9,919,300,000	7,063,100,000	7,272,700,000	7,631,400,000	7,886,100,000	8,422,400,000	8,985,100,000	8,624,700,000	8,663,800,000	8,318,700,000	8,010,800,000	7,796,900,000	7,991,600,000	8,279,200,000	7,881,900,000	7,847,900,000	7,690,200,000	7,938,800,000
total liabilities and equity	22,738,400,000	22,873,400,000	26,826,700,000	25,930,500,000	26,064,300,000	26,635,300,000	27,394,200,000	26,072,300,000	26,375,100,000	26,568,400,000	26,789,600,000	25,852,500,000	25,868,300,000	26,708,500,000	27,387,900,000	27,721,500,000	27,619,000,000	27,643,500,000	28,519,900,000	27,163,600,000	27,331,100,000	28,675,300,000	28,638,800,000	28,461,100,000	28,859,800,000	28,751,600,000	30,061,600,000	29,823,600,000	30,109,800,000	30,470,300,000	30,560,900,000	30,184,500,000	30,246,900,000	30,677,700,000	30,118,600,000	29,542,900,000	29,341,500,000	22,196,800,000	15,322,200,000	15,210,300,000	12,276,300,000	12,645,300,000	13,397,200,000	13,996,300,000	14,833,400,000	15,873,000,000	15,365,800,000	15,580,100,000	15,772,800,000	16,116,900,000	15,942,700,000	16,212,200,000	16,466,500,000	16,236,700,000	12,436,200,000	12,423,800,000	12,429,900,000
redeemable noncontrolling interests		145,500,000	160,400,000	165,800,000		42,200,000
trade receivables, less allowance for doubtful accounts of 12.2 and 13.2, respectively										918,700,000
properties										4,268,200,000	4,338,000,000	4,270,100,000	4,222,800,000	4,057,900,000	4,169,700,000	4,210,500,000		4,112,700,000	4,173,800,000	4,143,500,000		4,180,100,000	4,344,000,000	4,393,600,000		4,432,000,000	4,505,100,000	4,553,300,000		4,593,500,000	4,599,400,000	4,680,800,000		4,590,200,000	4,585,200,000	4,528,800,000		1,527,100,000	1,539,200,000	1,588,700,000		1,614,800,000	1,709,400,000		1,850,200,000	1,974,000,000	1,936,200,000		1,976,700,000	1,910,500,000	1,925,500,000		2,001,000,000	1,977,700,000	1,455,300,000		1,365,600,000							2,403,709,000
trade receivables, less allowance for doubtful accounts of 12.9 and 13.2, respectively											1,015,100,000
trade, less allowance for doubtful accounts of 13.3 and 13.2, respectively												803,800,000
accounts and other receivables
trade, less allowance for doubtful accounts of 13.2 and 19.0, respectively													739,800,000
inventories, less allowance for obsolete inventories of 41.1 and 25.8, respectively													792,900,000
accounts receivable														809,800,000	885,200,000	761,200,000		808,300,000	932,300,000	557,900,000		694,200,000	713,700,000	637,800,000		821,500,000	932,300,000	909,500,000		933,400,000	984,900,000	779,300,000		833,400,000	962,900,000	756,500,000		474,400,000	563,100,000	456,500,000		524,600,000	595,100,000		578,300,000	730,900,000	552,100,000		658,600,000	693,400,000	572,200,000		642,600,000	739,900,000	512,400,000		574,000,000							656,539,000
current assets:
accounts and other receivables:
trade, less allowance for doubtful accounts of 19.0 and 18.1, respectively																	662,700,000
affiliate receivables																	16,200,000				8,400,000				8,900,000				8,400,000				5,500,000				15,100,000				16,800,000			38,800,000
other receivables, less allowance for doubtful accounts of 2.5 and 2.4, respectively																	200,500,000
inventories, less allowance for obsolete inventories of 25.8 and 22.0, respectively																	804,700,000
properties, less accumulated depreciation of 3,507.2 and 3,416.4, respectively																	4,192,400,000
other intangibles, less accumulated amortization of 1,406.3 and 1,206.5, respectively																	13,286,800,000
current liabilities:
capital stock:
trade, less allowance for doubtful accounts of 18.1 and 12.1, respectively																					549,600,000
other receivables, less allowance for doubtful accounts of 2.4 and 0.1, respectively																					129,100,000
inventories, less allowance for obsolete inventories of 22.0 and 10.8, respectively																					664,300,000
properties, less accumulated depreciation of 3,416.4 and 3,004.6, respectively																					4,250,300,000
other intangibles, less accumulated amortization of 1,206.5 and 995.1, respectively																					13,556,100,000
class a common stock, 0.01 par value per share...
class b common stock, 0.01 par value per share...																						2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,100,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000		1,700,000	1,700,000		1,700,000	1,700,000	1,700,000		1,700,000	1,700,000	1,700,000
trade, less allowance for doubtful accounts of 12.1 and 14.5, respectively																									705,900,000
other receivables, less allowance for doubtful accounts of 0.1 and 0.2, respectively																									105,500,000
inventories, less allowance for obsolete inventories of 10.8 and 16.2, respectively																									615,900,000
properties, less accumulated depreciation of 3,004.6 and 2,558.8, respectively																									4,546,500,000
other intangibles, less accumulated amortization of 995.1 and 810.3, respectively																									13,656,000,000
molson coors brewing company stockholders' equity
total molson coors brewing company stockholders' equity																										13,162,400,000	13,899,400,000	13,647,300,000	13,507,400,000	13,864,100,000	13,576,600,000	13,445,900,000	13,226,100,000	12,488,200,000	12,095,900,000	11,598,300,000	11,418,700,000	9,919,500,000	9,852,300,000	9,898,800,000	7,043,000,000	7,250,300,000	7,607,100,000	7,863,300,000	8,398,000,000	8,962,000,000	8,600,900,000	8,638,900,000	8,290,600,000	7,984,500,000	7,771,100,000	7,966,900,000	8,225,200,000	7,810,800,000	7,807,300,000	7,647,900,000	7,897,000,000
trade, less allowance for doubtful accounts of 14.5 and 17.2, respectively																													736,000,000
other receivables, less allowance for doubtful accounts of 0.2 and 0.5, respectively																													126,600,000
inventories, less allowance for obsolete inventories of 16.2 and 8.1, respectively																													591,800,000
properties, less accumulated depreciation of 2,558.8 and 2,096.6, respectively																													4,608,300,000
other intangibles, less accumulated amortization of 810.3 and 662.3, respectively																													13,776,400,000
trade, less allowance for doubtful accounts of 17.2 and 10.7, respectively																																	728,300,000
other receivables, less allowance for doubtful accounts of 0.5 and 0.6, respectively																																	168,200,000
inventories, less allowance for obsolete inventories of 8.1 and 3.3, respectively																																	591,500,000
properties, less accumulated depreciation of 2,096.6 and 1,499.3, respectively																																	4,673,700,000
other intangibles, less accumulated amortization of 662.3 and 404.0, respectively																																	14,296,500,000
discontinued operations																																	4,900,000	5,100,000	4,900,000	5,200,000	5,000,000	4,900,000	5,000,000	4,500,000	4,100,000	4,100,000	5,200,000	6,100,000	6,600,000	7,300,000	7,100,000	6,800,000	7,100,000	7,200,000	8,000,000				300,000	300,000	300,000						4,640,000	6,458,000
trade, less allowance for doubtful accounts of 10.7 and 8.7, respectively																																					654,400,000
other receivables, less allowance for doubtful accounts of 0.6 and 0.8, respectively																																					135,800,000
inventories:
finished																																					213,800,000	178,000,000	188,400,000	183,200,000	139,100,000	173,100,000	175,500,000	135,300,000	188,700,000	189,000,000	179,600,000	133,200,000	159,800,000	178,500,000	174,200,000	139,900,000	178,100,000	175,500,000	181,300,000	140,700,000	138,000,000							155,529,000
in process																																					81,600,000	15,200,000	17,300,000	17,100,000	13,000,000	15,700,000	21,500,000	20,700,000	22,100,000	28,200,000	24,400,000	23,300,000	25,800,000	28,300,000	23,700,000	20,300,000	25,800,000	28,500,000	19,000,000	15,300,000	18,100,000						38,692,000	38,947,000
raw materials																																					238,500,000	11,200,000	11,100,000	14,900,000	18,600,000	24,600,000	35,200,000	34,500,000	38,300,000	42,400,000	42,600,000	36,900,000	39,000,000	41,800,000	45,400,000	43,500,000	48,500,000	43,600,000	46,700,000	41,800,000	35,300,000						80,918,000	82,442,000
packaging materials																																					58,800,000	13,900,000	17,400,000	15,200,000	8,600,000	11,100,000	12,100,000	11,700,000	12,100,000	17,700,000	16,600,000	11,900,000	13,800,000	16,800,000	14,300,000	10,200,000	13,400,000	21,100,000	9,400,000	9,400,000	9,700,000							62,503,000
total inventories																																					592,700,000	218,300,000	234,200,000	230,400,000	179,300,000	224,500,000	244,300,000	202,200,000	261,200,000	277,300,000	263,200,000	205,300,000	238,400,000	265,400,000	257,600,000	213,900,000	265,800,000	268,700,000	256,400,000	207,200,000	201,100,000						319,538,000	339,421,000
properties, less accumulated depreciation of 1,499.3 and 1,390.1, respectively																																					4,507,400,000
other intangibles, less accumulated amortization of 404.0 and 341.8, respectively																																					14,031,900,000
investment in millercoors																																						2,643,600,000	2,557,100,000	2,580,900,000	2,441,000,000	2,440,700,000	2,452,900,000	2,388,600,000	2,580,100,000	2,598,600,000	2,608,500,000	2,506,500,000	2,541,900,000	2,516,600,000	2,530,400,000	2,431,800,000	2,626,600,000	2,605,800,000	2,613,100,000	2,487,900,000	2,589,700,000
molson coors brewing company and subsidiariesconsolidated balance sheets
deferred tax assets																																						26,700,000	28,100,000	23,100,000		27,300,000	27,200,000	27,200,000	25,400,000	25,300,000	46,400,000	50,400,000	70,000,000	66,400,000	68,900,000	39,200,000	29,400,000	32,400,000	26,400,000	11,600,000	300,000						6,477,000	20,126,000
notes receivable																																						17,600,000	17,400,000	18,500,000		21,300,000	22,600,000		23,200,000	23,900,000	23,000,000		24,700,000	24,300,000	24,400,000		27,600,000	27,600,000	32,000,000		40,500,000							76,039,000
unrecognized tax benefits																																						12,200,000	14,300,000	12,400,000	8,400,000	12,900,000	25,300,000	25,400,000	52,100,000	61,700,000	56,500,000	92,700,000	81,400,000	80,500,000	82,000,000	81,800,000	95,800,000	89,100,000	79,900,000	76,400,000	84,000,000
trade, less allowance for doubtful accounts of 8.7 and 11.5, respectively																																									407,900,000
other receivables, less allowance for doubtful accounts of 0.8 and 0.8, respectively																																									101,200,000
maintenance and operating supplies, less allowance for obsolete supplies of 5.1 and 5.0, respectively																																									17,400,000
properties, less accumulated depreciation of 1,390.1 and 1,343.2, respectively																																									1,590,800,000
other intangibles, less accumulated amortization of 341.8 and 359.6, respectively																																									4,745,700,000
notes receivable, less allowance for doubtful accounts of 1.9 and 1.6, respectively																																									19,900,000
preferred stock, no par value
trade, less allowance for doubtful accounts of 11.5 and 13.6, respectively																																												488,900,000
other receivables, less allowance for doubtful accounts of 0.8 and 1.1, respectively																																												94,000,000
maintenance and operating supplies, less allowance for obsolete supplies of 5.0 and 6.8, respectively																																												24,000,000
properties, less accumulated depreciation of 1,343.2 and 1,458.7, respectively																																												1,798,000,000
other intangibles, less accumulated amortization of 359.6 and 513.7, respectively																																												5,755,800,000
notes receivable, less allowance for doubtful accounts of 1.6 and 2.8, respectively																																												21,600,000
accounts and notes receivable
trade, less allowance for doubtful accounts of 13.6 and 13.4, respectively																																																572,800,000
affiliates																																																30,800,000				52,200,000				58,900,000							4,002,000
current notes receivable and other receivables, less allowance for doubtful accounts of 1.1 and 1.6, respectively																																																124,400,000
maintenance and operating supplies, less allowance for obsolete supplies of 6.8 and 7.2, respectively																																																29,600,000
properties, less accumulated depreciation of 1,458.7 and 1,224.6, respectively																																																1,970,100,000
other intangibles, less accumulated amortization of 513.7 and 497.2, respectively																																																6,825,100,000
notes receivable, less allowance for doubtful accounts of 2.8 and 4.0, respectively																																																23,600,000
derivative hedging instruments																																																73,900,000	136,700,000	164,900,000	13,500,000	6,000,000	9,800,000	6,400,000	11,400,000	107,600,000	104,000,000						269,253,000
pension and post-retirement benefits																																																	752,700,000	745,700,000	776,600,000		696,600,000	687,200,000	708,100,000	697,500,000	439,800,000						753,697,000	730,887,000
accounts payable																																																			455,500,000		488,900,000	492,000,000	205,600,000		261,800,000							369,447,000
accrued expenses and other liabilities																																																			708,500,000	759,900,000	788,200,000	799,400,000	612,000,000	646,800,000	623,300,000						1,225,406,000	824,447,000
trade, less allowance for doubtful accounts of 13.4 and 10.3, respectively																																																				608,300,000
current notes receivable and other receivables, less allowance for doubtful accounts of 1.6 and 1.8, respectively																																																				92,900,000
maintenance and operating supplies, less allowance for obsolete supplies of 7.2 and 5.9, respectively																																																				28,300,000
properties, less accumulated depreciation of 1,224.6 and 1,020.1, respectively																																																				1,995,900,000
other intangibles, less accumulated amortization of 497.2 and 442.7, respectively																																																				7,234,800,000
notes receivable, less allowance for doubtful accounts of 4.0 and 4.4, respectively																																																				26,300,000
accounts payable:
trade																																																				392,900,000				268,500,000							388,281,000
preferred stock, non-voting, no par value
class a common stock, voting, 0.01 par value per share...
class b common stock, non-voting, 0.01 par value per share...																																																					1,600,000	1,600,000	1,600,000		1,600,000
trade, less allowance for doubtful accounts of 10.3 and 7.4, respectively																																																								529,900,000
current notes receivable and other receivables, less allowance for doubtful accounts of 1.8 and 2.5, respectively																																																								137,200,000
maintenance and operating supplies, less allowance for obsolete supplies of 5.9 and 4.1, respectively																																																								22,000,000
properties, less accumulated depreciation of 1,020.1 and 926.5, respectively																																																								1,430,100,000
other intangibles, less accumulated amortization of 442.7 and 406.8, respectively																																																								4,586,000,000
notes receivable, less allowance for doubtful accounts of 4.4 and 6.6, respectively																																																								32,700,000
total liabilities and stockholders' equity																																																															11,603,413,000
trade, less allowance for doubtful accounts of 10,363 and 9,480, respectively																																																															679,507,000
current notes receivable and other receivables, less allowance for doubtful accounts of 3,439 and 3,629, respectively																																																															145,090,000
finished, less allowance for obsolete inventories of 1,057 and 876, respectively																																																															138,449,000
packaging materials, less allowance for obsolete inventories of 1,807 and 805, respectively																																																															61,479,000
maintenance and operating supplies, less allowance for obsolete supplies of 9,554 and 9,269, respectively																																																															32,639,000
other current assets, less allowance for advertising supplies of 871 and 983, respectively																																																															84,277,000
properties, less accumulated depreciation of 2,615,000 and 2,663,845, respectively																																																															2,421,484,000
other intangibles, less accumulated amortization of 221,867 and 141,278, respectively																																																															4,395,294,000
notes receivable, less allowance for doubtful accounts of 10,318 and 10,329, respectively																																																															75,243,000
liabilities and stockholders' equity
short-term borrowings																																																															432,000
current portion of long-term debt																																																															4,009,000
minority interests																																																															46,782,000	46,514,000
stockholders' equity
class b common stock, 0.01 par value...																																																															666,000
class a exchangeable shares																																																															124,699,000	130,566,000
class b exchangeable shares																																																															1,310,989,000	1,407,077,000
total capital stock																																																															1,436,367,000	1,538,302,000
total stockholders' equity																																																															5,817,356,000
liabilities and stockholder’s equity
accrued compensation																																																																138,266,000
accrued excise taxes																																																																345,869,000
short-term borrowings and current portion of long-term debt																																																																67,917,000
long-term portion of derivatives liability																																																																266,716,000
stockholder’s equity
class b common stock, non-voting, 0.01 par value...																																																																645,000
unvested restricted stock
total stockholders’ equity																																																																5,871,745,000
total liabilities and stockholders’ equity																																																																11,784,725,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-28	2013-06-29	2013-03-30	2012-12-29	2012-09-29	2012-06-30	2012-03-31	2011-12-31	2006-12-31

cash flows from operating activities
net income including noncontrolling interests	209,300,000	-2,936,900,000	424,300,000	123,100,000	293,700,000	228,800,000	425,300,000	209,900,000	105,500,000	431,600,000	346,100,000	73,200,000	-589,800,000	218,100,000	47,900,000	137,300,000	82,400,000	453,800,000	390,300,000	82,000,000	-1,373,900,000	346,400,000	197,200,000	-115,400,000	166,200,000	-399,300,000	330,200,000	149,100,000	75,700,000	345,600,000	430,800,000	282,500,000	614,100,000	286,100,000	328,400,000	207,800,000	1,440,600,000	207,700,000	173,900,000	159,600,000	33,700,000	15,200,000	94,400,000	-32,600,000	293,100,000	162,900,000	131,900,000	123,600,000	280,000,000	37,000,000	59,600,000	201,400,000	98,700,000	79,400,000	173,600,000
adjustments to reconcile net income to net cash from operating activities
depreciation and amortization	181,100,000	179,800,000	170,100,000	180,300,000	247,300,000	175,400,000	167,700,000	169,000,000	174,200,000	168,700,000	168,400,000	171,500,000	169,200,000	170,200,000	171,700,000	173,700,000	181,900,000	200,300,000	201,600,000	202,300,000	207,100,000	220,700,000	237,700,000	256,500,000	217,600,000	211,700,000	216,800,000	212,900,000	213,300,000	214,600,000	215,900,000	213,700,000	208,500,000	208,300,000	198,900,000	197,100,000	184,100,000	66,600,000	70,200,000	67,500,000	72,500,000	83,000,000	80,000,000	74,600,000	77,200,000	81,200,000	82,400,000	77,200,000	80,700,000	80,200,000	80,700,000	80,200,000	58,400,000	53,400,000	55,800,000	99,898,000
amortization of cloud computing arrangements	3,800,000
amortization of debt issuance costs and discounts	1,300,000	1,200,000	1,300,000	1,300,000	1,200,000	1,400,000	1,400,000	1,300,000	1,300,000	1,500,000	1,400,000	1,500,000	1,500,000	2,100,000	2,500,000	1,600,000	1,900,000	1,700,000	1,300,000	1,800,000	1,800,000	2,300,000	1,900,000	2,100,000	2,400,000	3,700,000	3,800,000	3,700,000	2,700,000	2,800,000	3,100,000	4,100,000	5,600,000	6,400,000	4,700,000	6,500,000	3,300,000	27,700,000	18,800,000	16,700,000	7,500,000	1,000,000	1,400,000	1,400,000	2,600,000	1,600,000	1,700,000	4,400,000	6,900,000	7,300,000	7,200,000	9,500,000	19,400,000	5,600,000
interest expense related to mandatorily redeemable noncontrolling interest					700,000
share-based compensation	7,800,000	8,300,000	7,000,000	11,900,000	8,500,000	10,400,000	11,400,000	12,800,000	10,800,000	13,800,000	10,500,000	9,800,000	7,900,000	8,800,000	8,400,000	8,500,000	7,400,000	8,200,000	8,200,000	8,300,000	6,200,000	6,200,000	5,900,000	5,900,000	1,000,000	-11,100,000	7,200,000	11,400,000	8,800,000	8,700,000	10,300,000	14,800,000	12,100,000	14,600,000	16,100,000	15,500,000	12,300,000	6,100,000	5,400,000	6,100,000	5,500,000	4,800,000	5,500,000	5,900,000	3,800,000	8,300,000	900,000	3,200,000	4,300,000	11,100,000	-1,100,000	5,000,000	5,300,000	4,800,000	5,300,000	2,256,000
goodwill impairment	0
loss on sale or impairment of property, plant, equipment and other assets	-4,800,000	273,500,000	2,100,000	-8,200,000	14,500,000	43,700,000	-600,000	-5,800,000
unrealized loss on foreign currency fluctuations and derivative instruments				-20,100,000	-3,600,000	2,900,000	-34,300,000	6,300,000	3,700,000	-27,000,000	59,100,000	52,500,000	18,700,000	112,000,000	275,300,000	-169,600,000	78,300,000	-89,400,000	-100,100,000	-122,600,000	-85,500,000			103,300,000				-57,200,000			-45,100,000	83,500,000		-43,200,000	22,500,000	-63,000,000		-14,400,000	-1,200,000	-4,000,000
equity loss	-1,900,000	-3,000,000	-4,000,000	-4,500,000	-6,300,000	800,000	1,900,000	900,000	800,000	-5,500,000	-4,300,000	-3,000,000	-1,000,000	-1,100,000	-2,700,000	100,000
income tax expense	57,000,000	-558,600,000	130,600,000	33,200,000	52,600,000	102,600,000	134,600,000	55,500,000	60,000,000	112,400,000	95,000,000	28,700,000	25,700,000	54,900,000	7,000,000	36,400,000	27,100,000	26,800,000	132,300,000	44,300,000	36,600,000			-43,300,000				32,200,000			92,200,000	74,900,000		145,300,000	123,000,000	64,600,000		15,700,000	21,200,000	20,600,000
income tax received	-31,800,000	-41,600,000	-47,600,000	-10,400,000	-110,400,000	-11,500,000	-95,900,000	-9,300,000	-74,700,000	-91,900,000	-68,200,000	-10,000,000	-5,400,000	-63,400,000	-4,700,000	-3,100,000	-134,700,000	-34,300,000	-48,900,000	-9,100,000	-51,300,000			-9,200,000				-8,500,000			28,900,000	-8,900,000		-7,600,000	34,400,000	-10,900,000		-43,100,000	-20,300,000	-88,800,000
interest expense, excluding amortization of debt issuance costs and discounts and mandatorily redeemable noncontrolling interest					61,200,000
interest paid	-28,800,000	-74,700,000	-63,000,000	-74,200,000	-29,100,000	-84,400,000	-28,900,000	-73,600,000	-27,500,000	-92,100,000	-29,000,000	-80,400,000	-28,500,000	-92,000,000	-38,300,000	-81,200,000	-35,600,000	-98,100,000	-35,900,000	-86,600,000	-35,800,000	-106,300,000	-39,500,000	-90,300,000	-35,500,000	-108,600,000	-37,800,000	-103,100,000	-35,600,000	-120,600,000	-37,300,000	-115,200,000	-51,300,000	-123,600,000	-54,700,000	-120,700,000	-56,700,000	-10,700,000	-48,200,000	-46,900,000
other non-cash items	700,000	800,000	26,200,000	-28,300,000
change in current assets and liabilities (net of impact of business combinations) and other		49,000,000	68,300,000	-354,800,000																														10,700,000	224,100,000	-466,600,000		42,800,000	67,100,000	-162,900,000		-33,200,000
receivables
inventories
payables and other current liabilities
other assets and other liabilities
net cash from operating activities	540,700,000	616,100,000	718,300,000	-90,700,000	494,500,000	521,200,000	869,200,000	25,400,000	474,500,000	710,100,000	891,000,000	3,400,000	384,500,000	450,700,000	786,100,000	-119,300,000	305,800,000	519,200,000	939,400,000	-190,900,000	202,500,000	433,300,000	1,078,000,000	-18,100,000	609,100,000	460,200,000	926,500,000	-98,500,000	539,900,000	493,600,000	982,600,000	315,200,000	720,900,000	326,900,000	936,800,000	-118,300,000	496,700,000	365,800,000	357,800,000	-93,400,000	234,900,000	263,400,000	214,200,000	482,400,000	426,300,000	149,700,000	138,200,000	439,000,000	472,600,000	118,400,000	143,700,000	442,600,000	347,000,000	50,400,000	264,700,000	146,498,000
capital expenditures	-182,900,000	-133,100,000	-163,300,000	-237,300,000	-111,100,000	-170,800,000	-177,500,000	-214,700,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	357,800,000	483,000,000	555,000,000	-328,000,000	383,400,000	350,400,000	691,700,000	-189,300,000	474,500,000	710,100,000	891,000,000	3,400,000	384,500,000	450,700,000	786,100,000	-119,300,000	305,800,000	519,200,000	939,400,000	-190,900,000	202,500,000	433,300,000	1,078,000,000	-18,100,000	609,100,000	460,200,000	926,500,000	-98,500,000	539,900,000	493,600,000	982,600,000	315,200,000	720,900,000	326,900,000	936,800,000	-118,300,000	496,700,000	365,800,000	357,800,000	-93,400,000	234,900,000	263,400,000	214,200,000	482,400,000	426,300,000	149,700,000	138,200,000	439,000,000	472,600,000	118,400,000	143,700,000	442,600,000	347,000,000	50,400,000	264,700,000	146,498,000
cash flows from investing activities
additions to property, plant and equipment	-182,900,000	-133,100,000	-163,300,000	-237,300,000	-111,100,000	-170,800,000	-177,500,000	-214,700,000
proceeds from sales of property, plant, equipment and other assets	9,700,000	1,700,000	2,100,000	2,300,000	9,600,000	4,600,000	8,600,000	1,700,000
acquisition of business, net of cash acquired	0	-1,500,000	0	-20,800,000					200,000
other	-13,800,000	-2,500,000	2,800,000	-85,500,000	-7,600,000	17,300,000	0	500,000	400,000	-106,800,000	-10,400,000	-600,000	400,000	-500,000	-200,000	4,400,000	500,000	-22,400,000	-8,200,000	16,800,000	1,900,000	-100,000	-2,900,000	3,500,000	7,300,000	-5,500,000	41,800,000	1,000,000	100,000	500,000	-5,100,000	-45,400,000	-10,200,000	5,100,000	100,000	5,900,000	6,500,000	6,100,000	2,400,000	-6,500,000	15,900,000	-900,000
net cash from investing activities	-187,000,000	-135,400,000	-158,400,000	-341,300,000	-117,700,000	-148,900,000	-168,900,000	-212,500,000	-173,200,000	-327,900,000	-163,200,000	-177,400,000	-120,200,000	-135,400,000	-143,300,000	-226,200,000	-156,800,000	-153,000,000	-115,500,000	-84,600,000	37,700,000	-109,800,000	-121,500,000	-220,000,000	-114,300,000	-151,200,000	26,800,000	-194,600,000	-135,600,000	-136,300,000	-145,100,000	-252,100,000	-140,200,000	-96,100,000	-169,800,000	-132,100,000	-12,097,700,000	-128,300,000	144,900,000	-205,500,000	10,700,000	-87,300,000	-1,500,000	-43,800,000	-20,600,000	-173,500,000	33,600,000	-65,700,000	-71,000,000	-173,900,000	-20,600,000	-61,800,000	-2,294,500,000	-258,200,000	-67,200,000	-105,342,000
cash flows from financing activities
dividends paid	-90,600,000	-93,000,000	-93,500,000	-99,200,000	-89,800,000	-91,000,000	-91,600,000	-96,800,000	-88,000,000	-88,500,000	-88,700,000	-89,500,000	-82,200,000	-82,200,000	-82,500,000	-82,400,000	-73,900,000	-73,700,000			0	0	-1,900,000	-123,400,000	-123,500,000	-123,500,000	-88,700,000	-88,700,000	-88,600,000	-88,600,000	-88,500,000	-88,500,000	-88,500,000	-88,300,000	-88,300,000	-88,300,000	-88,300,000	-88,100,000	-88,200,000	-88,300,000	-75,300,000	-75,800,000	-68,500,000	-68,400,000	-68,500,000	-68,200,000	-58,900,000	-58,900,000	-58,600,000	-58,200,000	-58,200,000	-58,100,000	-58,100,000	-57,800,000	-58,000,000	-28,053,000
payments for purchases of treasury stock	-315,100,000	-26,000,000	-247,200,000	-59,600,000	-206,000,000	-62,100,000	-261,700,000	-113,600,000	-144,900,000	-34,200,000	-12,100,000	-14,600,000
payments on debt and borrowings	-3,200,000	-3,800,000	-2,700,000	-3,100,000	-4,800,000	-875,600,000	-1,800,000	-1,600,000	-1,900,000	-396,800,000	-4,500,000	-1,600,000	-1,800,000	-4,900,000	-501,300,000	-1,100,000	-1,600,000	-1,003,100,000	-1,000,000	-900,000	-5,400,000	-405,900,000	-4,700,000	-502,900,000	-10,300,000	-505,100,000	-3,600,000	-1,067,200,000	-9,600,000	-307,800,000	-1,600,000	-800,000	-398,600,000	-400,000,000	-700,400,000	-1,501,100,000	-200,600,000	-5,400,000	-7,600,000	-10,300,000
proceeds on debt and borrowings					0	0			0	0	4,000,000	3,000,000	0	2,000,000	0	5,000,000					0	500,000	0	1,000,000									0	0	0	1,536,000,000	2,488,700,000	6,940,200,000	10,800,000	20,900,000
net cash from financing activities	-410,200,000	-140,400,000	-375,000,000	-131,200,000	-393,600,000	-1,030,400,000	501,800,000	-216,200,000	-252,800,000	-526,700,000	-99,400,000	-102,500,000	-216,700,000	-203,000,000	-542,300,000	72,500,000	-122,600,000	-1,045,700,000	-48,900,000	45,000,000	-229,100,000	-391,500,000	-848,500,000	398,700,000	-393,400,000	-377,700,000	-701,100,000	-534,800,000	-85,500,000	-398,700,000	-234,800,000	-289,900,000	-1,128,600,000	225,400,000	-673,500,000	80,300,000	2,197,800,000	6,763,500,000	-107,000,000	2,463,600,000	-201,900,000	-185,400,000	-288,800,000	-190,100,000	-242,900,000	-80,200,000	-134,400,000	-780,700,000	-108,900,000	-35,200,000	-85,900,000	-326,300,000	1,629,500,000	-45,900,000	-108,800,000	-35,727,000
effect of foreign exchange rate changes on cash and cash equivalents	2,800,000	-3,900,000	16,200,000	6,600,000	-35,600,000	32,500,000	-13,200,000	-7,200,000	18,700,000	-14,700,000	4,300,000	4,700,000	27,200,000	-29,200,000	-17,100,000	-5,700,000	-5,300,000	-13,100,000	1,200,000	-6,900,000	27,700,000	18,500,000	6,700,000	-17,900,000	11,800,000	-11,300,000	3,600,000	4,400,000	-11,000,000	-1,400,000	-7,700,000	6,100,000	-4,800,000	12,200,000	14,400,000	4,200,000	-17,400,000	-9,800,000	-8,300,000	7,300,000	-6,400,000	-10,900,000	-21,400,000	-32,400,000	5,600,000	-700,000	-2,000,000	12,700,000	-2,600,000	-21,800,000	1,100,000	15,200,000	-2,300,000	11,100,000	3,000,000	-2,380,000
net increase in cash and cash equivalents	-53,700,000	336,400,000	201,100,000	-556,600,000	-52,400,000	-625,600,000	1,188,900,000	-410,500,000	67,200,000	-159,200,000	632,700,000	-271,800,000	74,800,000	60,300,000	100,500,000	-273,000,000	26,400,000	-679,500,000	775,000,000	-230,500,000	11,100,000	-68,000,000	108,000,000	160,600,000	101,400,000	-68,700,000	252,200,000	-827,900,000	318,800,000	-41,400,000	602,700,000	-226,800,000	-547,900,000	456,200,000	93,500,000	-170,100,000	-9,403,200,000	7,001,000,000	395,700,000	2,164,700,000	43,700,000	-9,300,000	-76,100,000	248,500,000	162,800,000	-104,000,000	37,400,000	-407,400,000	292,700,000	-90,700,000	37,200,000	54,500,000	-318,000,000	-253,700,000	88,700,000	5,429,000
balance at beginning of year	0	0	0	969,300,000	0	0	0	868,900,000	0	0	0	600,000,000	0	0	0	637,400,000	0	0	0	770,100,000	0	0	0	523,400,000	0	0	0	1,057,900,000	0	0	0	418,600,000	0	0	0	560,900,000	0	0	0	430,900,000	0	0	0	0	0	442,300,000	0	0	0	624,000,000	0	0	0	1,078,900,000	0
balance at end of year
unrealized loss on foreign currency fluctuations, fair value investments and derivative instruments		500,000
interest expense, excluding amortization of debt issuance costs and discounts		61,500,000	60,300,000	60,000,000			56,400,000	54,100,000	54,300,000	55,600,000	58,700,000	59,700,000	57,900,000	57,800,000	65,000,000	62,200,000	60,300,000
balance at end of period		336,400,000	201,100,000	412,700,000		-625,600,000	1,188,900,000	458,400,000		-159,200,000	632,700,000	328,200,000		83,100,000	83,400,000	358,700,000		-692,600,000	776,200,000	532,700,000		-49,500,000	114,700,000	666,100,000		-80,000,000	255,800,000	234,400,000		-42,800,000	595,000,000	197,900,000		468,400,000	107,900,000	395,000,000		6,991,200,000	387,400,000	2,602,900,000		-20,200,000		216,100,000	168,400,000	337,600,000		-394,700,000	290,100,000	511,500,000		69,700,000	-320,300,000	836,300,000		3,049,000
net proceeds from (payments on) revolving credit facilities and commercial paper													-124,800,000	-104,800,000	69,600,000	156,300,000	-45,000,000	45,000,000	900,000	500,000		24,800,000	-825,700,000	1,025,500,000	-267,600,000	264,800,000	-606,200,000	604,300,000	500,000	1,300,000	-127,400,000	-248,700,000	-625,400,000	717,700,000	151,000,000	131,000,000	-2,700,000	-900,000	0	2,500,000	-13,200,000	-50,100,000	-163,400,000	-136,200,000	-172,500,000	-41,800,000	-41,000,000
change in current assets and liabilities and other						-53,900,000	230,200,000	-395,700,000		132,900,000	252,700,000	-297,600,000		-11,900,000	254,800,000	-307,600,000		800,000	323,800,000	-378,200,000		-112,800,000	463,900,000	-195,100,000		-111,400,000	323,800,000	-411,600,000		-96,700,000	225,100,000	-296,800,000												100,600,000	39,800,000	-111,000,000				-48,900,000				-106,400,000
exercise of stock options under equity compensation plans									200,000	500,000			600,000	1,000,000	600,000	900,000	0	100,000	0	4,500,000	100,000	0	0	4,000,000	100,000	100,000	800,000	600,000	9,300,000	400,000	200,000	6,100,000	400,000	2,500,000	800,000	300,000	3,000,000	2,800,000	1,200,000	4,200,000	3,400,000	2,600,000	5,900,000	10,800,000	7,500,000	20,200,000	13,900,000	11,800,000	35,900,000	27,200,000	6,700,000	6,600,000	1,100,000	19,700,000	3,100,000
loss on sale or impairment of properties and other assets										10,100,000	600,000	-2,500,000	1,800,000	-4,800,000	-800,000	22,400,000	19,300,000	-12,700,000	-300,000	2,800,000	1,513,700,000			-200,000				500,000				700,000		-5,300,000	100,000	-4,400,000		-9,600,000	30,300,000	-110,100,000
additions to properties										-159,000,000	-153,700,000	-181,400,000	-130,700,000	-142,000,000	-144,900,000	-243,800,000	-159,200,000	-151,500,000	-109,400,000	-102,500,000	-118,400,000	-111,300,000	-120,000,000	-225,100,000	-136,500,000	-146,800,000	-112,500,000	-198,000,000	-160,700,000	-139,900,000	-142,800,000	-208,300,000	-133,600,000	-112,000,000	-174,000,000	-180,000,000	-152,900,000	-67,300,000	-50,500,000	-71,100,000	-66,700,000	-68,500,000	-63,700,000	-69,400,000	-61,100,000	-65,300,000	-75,700,000	-68,500,000	-81,400,000	-68,300,000	-78,900,000	-62,000,000	-47,600,000	-33,800,000
proceeds from sales of properties and other assets										1,800,000	900,000	4,600,000	10,100,000	7,100,000	1,800,000	13,200,000	1,900,000	20,900,000	2,100,000	1,100,000	154,200,000	1,600,000	1,400,000	1,600,000	14,900,000	1,100,000	97,500,000	2,400,000	25,000,000	3,100,000	2,800,000	1,600,000	3,600,000	10,800,000	4,100,000	42,000,000	19,100,000	10,800,000	142,200,000	2,400,000	3,000,000	1,300,000	2,800,000	1,900,000	2,400,000	1,700,000
purchases of treasury stock														-12,600,000	-12,100,000	-14,100,000
change in overdraft balances and other														-1,500,000	-16,600,000	7,900,000		-14,000,000	-48,600,000	40,900,000		-10,900,000	-16,200,000	-5,500,000		-14,000,000	-3,400,000	16,200,000		-4,000,000	-17,500,000	42,000,000	-16,500,000	-4,100,000	-35,700,000	6,100,000	-1,800,000	-35,200,000	-22,400,000	18,500,000	8,500,000	-17,300,000	-44,000,000	-13,300,000	19,900,000	111,500,000	7,500,000	-2,800,000	-1,500,000	3,500,000	0	-107,100,000			0	23,897,000
cash and cash equivalents
cash flows from operating activities:
cash flows from investing activities:
cash flows from financing activities:
adjustments to reconcile net income to net cash from operating activities:
change in current assets and liabilities (net of impact of business combinations) and other:
cash and cash equivalents:
interest expense, excluding interest amortization																			67,100,000	64,100,000	63,500,000	66,500,000	68,400,000	67,600,000	65,400,000	66,500,000	68,400,000	72,100,000	72,400,000	76,000,000	76,500,000	79,300,000	79,500,000	81,700,000	85,900,000	91,700,000	91,400,000	75,400,000	45,100,000	50,400,000
(gain) loss on sale or impairment of properties and other assets																									-15,900,000	698,300,000															2,600,000	275,600,000
unrealized (gain) loss on foreign currency fluctuations and derivative instruments																									2,700,000	28,600,000															6,700,000	5,100,000	22,400,000	-7,000,000	-1,400,000	-1,800,000	-8,000,000	-12,500,000	9,800,000	19,100,000	49,400,000
income tax (benefit) expense																									40,400,000	90,700,000
income tax (paid) received																									-6,700,000	-8,900,000
pension expense																															-14,600,000	-14,900,000	-47,300,000	-6,400,000	-6,300,000	-7,800,000	3,600,000	2,400,000	2,000,000	2,000,000
pension contributions paid																													-1,800,000	-2,100,000	-2,500,000	-2,500,000	-2,300,000	-235,600,000				300,000	-3,700,000	-6,700,000
molson coors beverage company and subsidiariesconsolidated statements of cash flows
revaluation gain on previously held 42% equity interest in millercoors and aoci reclassification
inventory step-up in cost of goods sold
equity income in millercoors																																					-9,700,000	-155,700,000	-180,800,000	-142,400,000	-46,200,000	-135,300,000	-90,000,000	-158,900,000	-190,100,000	-122,800,000	-100,700,000	-148,300,000	-172,600,000	-117,400,000	-74,400,000	-132,000,000	-185,600,000	-118,900,000	-85,500,000
distributions from millercoors																																					9,700,000	155,700,000	180,800,000	142,400,000	46,200,000	135,300,000	90,000,000	158,900,000	190,100,000	122,800,000	100,700,000	148,300,000	172,600,000	117,400,000	74,400,000	132,000,000	185,600,000	118,900,000	85,500,000
payment for completion of acquisition, net of cash acquired
investment in millercoors																																					0	-443,100,000	-396,900,000	-413,700,000	-298,200,000	-386,400,000	-287,700,000	-336,000,000	-409,500,000	-354,900,000	-262,500,000	-308,700,000	-283,500,000	-331,800,000	-182,700,000	-260,400,000	-329,700,000	-236,000,000	-142,800,000
return of capital from millercoors																																					-2,800,000	358,600,000	447,700,000	283,400,000	352,900,000	395,300,000	328,600,000	362,000,000	432,400,000	259,500,000	323,600,000	307,200,000	292,800,000	222,400,000	219,100,000	263,400,000	335,300,000	124,600,000	155,500,000
molson coors brewing company and subsidiariesconsolidated statements of cash flows
proceeds from issuance of common stock																																					0	-300,000	-500,000	2,526,400,000
debt issuance costs																																	0	-2,400,000	-900,000	-3,700,000	-500,000	-45,200,000	-800,000	-14,200,000			-100,000	0			-100,000	-100,000			0	-1,100,000			0
pension benefit
(gain) income from discontinued operations																																									600,000	-2,900,000	-900,000	-1,300,000	-200,000	1,900,000	-300,000	-900,000	-1,700,000	900,000	100,000	-700,000	-800,000	-100,000
acquisition of businesses, net of cash acquired																																									0	-40,100,000									-900,000	0			0
payments for purchase of treasury stock																																									-50,000,000	-50,000,000													-50,000,000
loss from discontinued operations																																		200,000	-1,600,000	600,000		0	1,800,000	500,000
equity in net loss of other unconsolidated affiliates																																			-2,600,000	7,300,000		-5,500,000	-4,100,000	6,500,000
pension contributions																																				-36,000,000
equity in net (income) loss of other unconsolidated affiliates																																									-1,900,000	-700,000
distributions from other unconsolidated affiliates																																											0	4,300,000	0	11,100,000	0	0	1,300,000	11,700,000	4,800,000	-1,400,000	0	11,800,000	5,300,000
payments on settlement of derivative instruments																																												0	0	-65,200,000					0	0
proceeds from sale of business																																									0							0
excess tax benefits from share-based compensation																																							-500,000	-3,900,000	-1,500,000	-900,000	-1,600,000	-3,400,000	-1,200,000	-2,000,000	-1,700,000	-600,000	-3,800,000	-1,600,000	-700,000	-700,000	-200,000	-3,300,000	-900,000
interest (paid) received
deferred income tax (benefit) expense																																										-83,600,000
return of capital from an unconsolidated affiliate																																											9,900,000
loan repayments																																										7,100,000	3,900,000	3,100,000	1,800,000	2,200,000	3,100,000	3,000,000	1,900,000	2,600,000
loan advances																																										-3,800,000	4,700,000	-11,300,000	13,400,000	-16,700,000	-1,400,000	-1,700,000	-1,200,000	-2,500,000
proceeds from long-term debt
payments on long-term debt
proceeds from short-term borrowings																																										5,200,000	-30,700,000	14,600,000	0	20,900,000	-4,300,000	10,000,000	3,400,000	5,900,000	2,000,000	11,500,000			0	24,517,000
payments on short-term borrowings																																										-5,100,000	11,900,000	0	-10,800,000	-12,500,000	-100,000	0	-1,300,000	-13,800,000	-3,200,000	-500,000	-2,700,000	-10,800,000	0	-25,852,000
payments on long-term debt and capital lease obligations																																											-100,000	-700,000	-15,300,000	-46,900,000	-500,000	-1,264,100,000			0	-181,900,000	-44,700,000	-100,000	-100,000	-4,912,000
gain on sale or impairment of properties and other assets																																											3,500,000	369,000,000	1,800,000	1,200,000
deferred income taxes																																											19,200,000	-28,800,000	9,300,000	500,000	-39,500,000	8,800,000	11,800,000	1,300,000	57,000,000	10,000,000	1,200,000	4,300,000	13,400,000	26,898,000
change in current assets and liabilities (net of assets acquired and liabilities assumed in business combinations) and other:
payment on discontinued operations																																																			0
dividends paid to noncontrolling interest holders
payments for purchase of noncontrolling interest																																											300,000	-300,000	-200,000	-200,000	-500,000	0	0	-200,000
proceeds from issuances of long-term debt																																																			0	0
payments on debt assumed in acquisition																																																			0	0
proceeds from settlement of derivative instruments																																															4,000,000
equity in net income of other unconsolidated affiliates																																												-300,000	1,500,000	-4,200,000	-5,800,000	-5,500,000	-6,700,000	-1,100,000	-3,700,000	-5,500,000	-6,400,000	-100,000	-4,500,000
investment in and advances to an unconsolidated affiliate																																																400,000				300,000	900,000	-4,600,000	16,200,000
dividends paid to noncontrolling interests holders																																												0				0				-2,100,000	-1,200,000	-1,700,000
change in restricted cash balances																																																							4,000,000
proceeds from settlements of derivative instruments																																																							0
loss on sale or impairment of properties and intangibles																																																151,500,000	4,900,000	1,400,000		29,900,000	20,100,000	1,000,000
change in current assets and liabilities (net of assets acquired and liabilities assumed in business combinations) and other
proceeds from sales of properties and other long-lived assets																																																2,600,000	1,200,000	3,700,000
net proceeds from (payments on) revolving credit facilities																																																	-1,700,000	-1,200,000
gain on sale or impairment of properties and other long-lived assets
payables
payments on settlements of debt-related derivatives																																																							-5,300,000
change in current assets and liabilities and other, net of effect of acquisition																																																				126,300,000
proceeds from sales of properties and intangible assets																																																				1,700,000	500,000	800,000		3,273,000
trade loan repayments from customers																																																				4,800,000	5,700,000	3,800,000	8,200,000	14,143,000
trade loans advanced to customers																																																				-2,800,000	-2,200,000	-2,400,000	-2,300,000	-7,196,000
net (payments) proceeds from revolving credit facilities																																																				5,700,000	2,400,000	1,500,000
payments on settlement of derivatives																																																						-110,600,000
gain on sale or impairment of properties and intangibles
gain on foreign currency fluctuations and derivative instruments
additions to properties and intangible assets																																																								-131,504,000
proceeds from sales of businesses and other assets, includes 53.3 in 2009 on related party transaction, see note 4.
deconsolidation of brewers' retail, inc.
net proceeds from revolving credit facilities
net income																																																								99,247,000
(gain) loss on sale or impairment of properties and intangibles																																																								1,846,000
gain coincident with the sale of preferred equity holdings of montréal canadiens
cumulative effect of a change in accounting principle, net of tax
equity in net income of unconsolidated affiliates
distributions from unconsolidated affiliates																																																								7,431,000
minority interest in net income of consolidated entities																																																								3,286,000
change in current assets and liabilities (net of assets acquired and liabilities assumed in a business combination) and other:
inventory
accrued expenses and other liabilities
operating cash flows of discontinued operations
proceeds from the sale of preferred equity holdings of montréal canadiens
acquisition of subsidiaries, net of cash acquired
cash recognized on merger with molson
cash expended for merger-related costs
pension settlement with the former owner of our uk subsidiary
cash recognized on initial consolidation of joint ventures
discontinued operations - proceeds from sale of kaiser, net of costs to sell
discontinued operations - additions to properties and intangible assets
issuances of stock under equity compensation plans																																																								42,839,000
dividends paid to minority interest holders																																																								-5,583,000
net (payments on) proceeds from commercial paper																																																								-61,200,000
net (payments on) proceeds from revolving credit facilities																																																								-1,804,000
settlements of debt-related derivatives
financing cash flows of discontinued operations
balance at beginning of period
equity in net (income) loss of unconsolidated affiliates
change in current assets and liabilities (net of assets acquired and liabilities assumed in a business combination) and other
discontinued operations
proceeds coincident with the sale of preferred equity holdings of montréal canadiens
discontinued operations—proceeds from sale of majority stake in kaiser, net of costs to sell
discontinued operations—other
excess income tax benefits from share-based compensation
premium paid to bondholders for debt redemption

Molson Coors Beverage Company(NYSE:TAP)

Molson Coors Beverage Company
(NYSE:TAP)