On April 7, 2020, the U.S. Department of Treasury enacted final hybrid regulations implementing provisions of the 2017 U.S. Tax Cuts and Jobs Act with full retroactive application to January 1, 2018, with a few exceptions. We’re constantly looking at ways we can support our employees and improve their overall wellbeing, so Moments that Matter gives us a great framework to imbed change into our business. We have six breweries in total, including Franciscan Well in Ireland and Sharp’s down in Rock, and our nearly 300-year old Aspall cyder house in Suffolk. Receive more HR related news and content with our monthly Enewsletter (Ebrief). Specifically, "Unallocated" activity primarily includes financing related costs such as interest expense and income, foreign exchange gains and losses on intercompany balances related to financing and other treasury-related activities, and the unrealized changes in fair value on our commodity swaps not designated in hedging relationships recorded within cost of goods sold, which are later reclassified when realized to the segment in which the underlying exposure resides. Please see 2019 segment recast by quarter on the Investor Relations section of our website. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Saint Archer Gold, Leinenkugel’s Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. Please see 2019 segment recasts by quarter on the Investor Relations section of our website. Share. Tweet. See Appendix for definitions and reconciliations of non-GAAP financial measures. Important factors that could cause actual results to differ materially from the Company’s historical experience, and present projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission (“SEC”). Our worldwide brand volume definition also includes an adjustment from Sales-to-Wholesaler (STW) volume to Sales-to-Retailer (STR) volume. For information on how to unsubscribe or to update your information, please review the Privacy Policy. Sign up now, it's Free. Ireland. Furloughing certain employees in our Europe business and North America hospitality businesses. Our management uses underlying income, underlying income per diluted share, underlying EBITDA and underlying effective tax rate as measures of operating performance, as well as underlying free cash flow in the measure of cash generated from core operations, to assist in comparing performance from period to period on a consistent basis; as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations; in communications with the board of directors, stockholders, analysts and investors concerning our financial performance; as useful comparisons to the performance of our competitors; and as metrics of certain management incentive compensation calculations. Staropramen, the original Czech lager, is available in more than 30 countries worldwide.