Table of Contents MOLSON COORS BEVERAGE COMPANY AND SUBSIDIARIES INDEX Page Glossary of Terms and Abbreviations 2 PART I. Item 1. Business 4 Item 1A. Risk Factors 20 Item 1B. Unresolved Staff Comments 33 Item 2. Properties 34 Item 3. Legal Proceedings 35 Item 4. Mine Safety Disclosures 35 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 Item 6. Selected Financial Data 38 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 66 Item 8. Financial Statements and Supplementary Data 69 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 154 Item 9A. Controls and Procedures 154 Item 9B. Other Information 154 PART III. Item 10. Directors, Executive Officers and Corporate Governance 155 Item 11. Executive Compensation 155 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 155 Item 13. Certain Relationships and Related Transactions, and Director Independence 155 Item 14. Principal Accounting Fees and Services 155 PART IV. Item 15. Exhibits, Financial Statement Schedules 156 Item 16. Form 10-K Summary 163 Signatures 164 1