Condensed Combining Financial Information

Crown European Holdings SA (Issuer), a wholly owned subsidiary of the Company, has €500 ($667 at March 31, 2012) principal amount of 7.125% senior notes due 2018 outstanding that are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and certain subsidiaries. The guarantors are 100% owned by the Company and the guarantees are made on a joint and several basis. The guarantor column includes financial information for all subsidiaries in the United States (except for an insurance subsidiary and a receivable securitization subsidiary), substantially all subsidiaries in Belgium, Canada, France, Germany, Mexico, Switzerland and the United Kingdom, and a subsidiary in the Netherlands. The following condensed combining financial statements:

•statements of comprehensive income for the three months ended March 31, 2012 and 2011,

•balance sheets as of March 31, 2012 and December 31, 2011, and

•statements of cash flows for the three months ended March 31, 2012 and 2011

are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X.

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2012

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,089		$	858					$	1,947
Cost of products sold, excluding depreciation and amortization						911			707						1,618
Depreciation and amortization						18			24						42
Gross profit						160			127						287
Selling and administrative expense						83			23						106
Net interest expense			$	15		31			10						56
Technology royalty						(7		)	7
Translation and foreign exchange						2			1						3
Income/(loss) before income taxes			(15		)	51			86						122
Provision for income taxes						18			14						32
Equity earnings in affiliates	$	69	49			36						$	(154	)	—
Net income	69		34			69			72			(154		)	90
Net income attributable to noncontrolling interests									(21		)				(21		)
Net income attributable to Crown Holdings	$	69	$	34		$	69		$	51		$	(154	)	$	69

Comprehensive income	$	144	$	98		$	144		$	143		$	(361	)	$	168
Comprehensive income attributable to noncontrolling interests									(24		)				(24		)
Comprehensive income attributable to Crown Holdings	$	144	$	98		$	144		$	119		$	(361	)	$	144

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2011

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,266		$	616					$	1,882
Cost of products sold, excluding depreciation and amortization			$	(1	)	1,090			461						1,550
Depreciation and amortization						19			21						40
Gross profit			1			157			134						292
Selling and administrative expense			(1		)	79			24						102
Provision for restructuring						25									25
Asset impairments and sales						(182		)				$	182		—
Loss from early extinguishment of debt						30									30
Net interest expense			19			30			3						52
Technology royalty						(6		)	6
Income/(loss) before income taxes			(17		)	181			101			(182		)	83
Provision for income taxes			1			1			39						41
Equity earnings/(loss) in affiliates	$	16	48			(164		)				100
Net income	16		30			16			62			(82		)	42
Net income attributable to noncontrolling interests									(26		)				(26		)
Net income attributable to Crown Holdings	$	16	$	30		$	16		$	36		$	(82	)	$	16

Comprehensive income	$	82	$	77		$	82		$	148		$	(276	)	$	113
Comprehensive income attributable to noncontrolling interests	—		—			—			(31		)	—			(31		)
Comprehensive income attributable to Crown Holdings	$	82	$	77		$	82		$	117		$	(276	)	$	82

CONDENSED COMBINING BALANCE SHEET

As of March 31, 2012

(in millions)



	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	100		$	150				$	250
Receivables, net						284			782					1,066
Intercompany receivables				$	2	62			25		$	(89	)
Inventories						694			619					1,313
Prepaid expenses and other current assets	$	2		7		139			47					195
Total current assets	2			9		1,279			1,623		(89		)	2,824

Intercompany debt receivables				1,548		3,599			379		(5,526		)
Investments	359			3,195		(543		)			(3,011		)
Goodwill						1,424			574					1,998
Property, plant and equipment, net						609			1,187					1,796
Other non-current assets				12		485			63					560
Total	$	361		$	4,764	$	6,853		$	3,826	$	(8,626	)	$	7,178

Liabilities and equity
Current liabilities
Short-term debt				$	10	$	16		$	138				$	164
Current maturities of long-term debt						1			65					66
Accounts payable and accrued liabilities	$	7		11		1,073			772					1,863
Intercompany payables						25			64		$	(89	)
Total current liabilities	7			21		1,115			1,039		(89		)	2,093

Long-term debt, excluding current maturities				1,033		2,476			176					3,685
Long-term intercompany debt	678			2,486		1,612			750		(5,526		)
Postretirement and pension liabilities						974			20					994
Other non-current liabilities						317			171					488
Commitments and contingent liabilities
Noncontrolling interests						—			242					242
Crown Holdings shareholders’ equity/(deficit)	(324		)	1,224		359			1,428		(3,011		)	(324		)
Total equity/(deficit)	(324		)	1,224		359			1,670		(3,011		)	(82		)
Total	$	361		$	4,764	$	6,853		$	3,826	$	(8,626	)	$	7,178

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2011

(in millions)



	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	54		$	288				$	342
Receivables, net						456			492					948
Intercompany receivables				$	2	60			23		$	(85	)
Inventories						615			533					1,148
Prepaid expenses and other current assets				7		129			29					165
Total current assets	—			9		1,314			1,365		(85		)	2,603

Intercompany debt receivables				1,590		3,514			327		(5,431		)
Investments	$	215		3,007		(577		)			(2,645		)
Goodwill						1,396			556					1,952
Property, plant and equipment, net						604			1,147					1,751
Other non-current assets				13		491			58					562
Total	$	215		$	4,619	$	6,742		$	3,453	$	(8,161	)	$	6,868

Liabilities and equity
Current liabilities
Short-term debt				$	6	$	14		$	108				$	128
Current maturities of long-term debt						1			66					67
Accounts payable and accrued liabilities	$	20		20		1,350			700					2,090
Intercompany payables				1		22			62		$	(85	)
Total current liabilities	20			27		1,387			936		(85		)	2,285

Long-term debt, excluding current maturities				1,002		2,173			162					3,337
Long-term intercompany debt	668			2,481		1,664			618		(5,431		)
Postretirement and pension liabilities						986			10					996
Other non-current liabilities						321			168					489
Commitments and contingent liabilities
Noncontrolling interests						(4		)	238					234
Crown Holdings shareholders’ equity/(deficit)	(473		)	1,109		215			1,321		(2,645		)	(473		)
Total equity/(deficit)	(473		)	1,109		211			1,559		(2,645		)	(239		)
Total	$	215		$	4,619	$	6,742		$	3,453	$	(8,161	)	$	6,868

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2012

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(5	)	$	(26	)	$	(173	)	$	(185	)				$	(389	)
Cash flows from investing activities
Capital expenditures							(13		)	(49		)				(62		)
Intercompany investing activities							12						$	(12	)	—
Insurance proceeds										23						23
Other, net										(9		)				(9		)
Net cash provided by/(used for) investing activities	—			—			(1		)	(35		)	(12		)	(48		)
Cash flows from financing activities
Proceeds from long-term debt										21						21
Payments of long-term debt										(8		)				(8		)
Net change in revolving credit facility and short-term debt				4			303			31						338
Net change in long-term intercompany balances	10			12			(81		)	59						—
Common stock issued	2															2
Common stock repurchased	(7		)													(7		)
Dividends paid										(12		)	12
Dividends paid to noncontrolling interests										(16		)				(16		)
Other				10			(2		)	—						8
Net cash provided by/(used for) financing activities	5			26			220			75			12			338
Effect of exchange rate changes on cash and cash equivalents										7						7
Net change in cash and cash equivalents	—			—			46			(138		)	—			(92		)
Cash and cash equivalents at January 1							54			288						342
Cash and cash equivalents March 31	$	—		$	—		$	100		$	150		$	—		$	250

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2011

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(7	)	$	(23	)	$	(205	)	$	(82	)				$	(317	)
Cash flows from investing activities
Capital expenditures							(21		)	(82		)				(103		)
Intercompany investing activities				6			188			(180		)	$	(14	)
Other							2									2
Net cash provided by/(used for) investing activities				6			169			(262		)	(14		)	(101		)
Cash flows from financing activities
Proceeds from long-term debt							700			54						754
Payments of long-term debt							(600		)	(5		)				(605		)
Net change in revolving credit facility and short-term debt				12			204			2						218
Debt issue costs							(11		)							(11		)
Net change in long-term intercompany balances	9			(5		)	(273		)	269
Common stock issued	4															4
Common stock repurchased	(6		)													(6		)
Dividends paid										(14		)	14
Dividends paid to noncontrolling interests										(6		)				(6		)
Other				10						(5		)				5
Net cash provided by/(used for) financing activities	7			17			20			295			14			353
Effect of exchange rate changes on cash and cash equivalents										11						11
Net change in cash and cash equivalents	—			—			(16		)	(38		)	—			(54		)
Cash and cash equivalents at January 1				—			65			398						463
Cash and cash equivalents March 31	$	—		$	—		$	49		$	360		$	—		$	409

Crown Cork & Seal Company, Inc. (Issuer), a wholly owned subsidiary, has $350 principal amount of 7.375% senior notes due 2026 and $64 principal amount of 7.5% senior notes due 2096 outstanding that are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent). No other subsidiary guarantees the debt. The following condensed combining financial statements:

•statements of comprehensive income for the three months ended March 31, 2012 and 2011,

•balance sheets as of March 31, 2012 and December 31, 2011, and

•statements of cash flows for the three months ended March 31, 2012 and 2011

are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X.

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2012

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,947					$	1,947
Cost of products sold, excluding depreciation and amortization						1,618						1,618
Depreciation and amortization						42						42
Gross profit						287						287
Selling and administrative expense			$	3		103						106
Net interest expense			23			33						56
Translation and foreign exchange						3						3
Income/(loss) before income taxes			(26		)	148						122
Provision for/(benefit from) income taxes			(4		)	36						32
Equity earnings in affiliates	$	69	91						$	(160	)	—
Net income	69		69			112			(160		)	90
Net income attributable to noncontrolling interests						(21		)				(21		)
Net income attributable to Crown Holdings	$	69	$	69		$	91		$	(160	)	$	69

Comprehensive income	$	144	$	144		$	190		$	(310	)	$	168
Comprehensive income attributable to noncontrolling interests						(24		)				(24		)
Comprehensive income attributable to Crown Holdings	$	144	$	144		$	166		$	(310	)	$	144

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2011

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,882					$	1,882
Cost of products sold, excluding depreciation and amortization						1,550						1,550
Depreciation and amortization						40						40
Gross profit						292						292
Selling and administrative expense			$	2		100						102
Provision for restructuring						25						25
Loss from early extinguishment of debt						30						30
Net interest expense			21			31						52
Income/(loss) before income taxes			(23		)	106						83
Provision for/(benefit from) income taxes			(7		)	48						41
Equity earnings in affiliates	$	16	32						$	(48	)
Net income	16		16			58			(48		)	42
Net income attributable to noncontrolling interests						(26		)				(26		)
Net income attributable to Crown Holdings	$	16	$	16		$	32		$	(48	)	$	16

Comprehensive income	$	82	$	82		$	129		$	(180	)	$	113
Comprehensive income attributable to noncontrolling interests						(31		)				(31		)
Comprehensive income attributable to Crown Holdings	$	82	$	82		$	98		$	(180	)	$	82

CONDENSED COMBINING BALANCE SHEET

As of March 31, 2012

(in millions)



	Parent			Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	250				$	250
Receivables, net						1,066					1,066
Inventories						1,313					1,313
Prepaid expenses and other current assets	$	2		$	76	117					195
Total current assets	2			76		2,746					2,824

Intercompany debt receivables						1,414		$	(1,414	)
Investments	359			1,368				(1,727		)
Goodwill						1,998					1,998
Property, plant and equipment, net						1,796					1,796
Other non-current assets				366		194					560
Total	$	361		$	1,810	$	8,148	$	(3,141	)	$	7,178

Liabilities and equity
Current liabilities
Short-term debt						$	164				$	164
Current maturities of long-term debt						66					66
Accounts payable and accrued liabilities	$	7		$	36	1,820					1,863
Total current liabilities	7			36		2,050					2,093

Long-term debt, excluding current maturities				411		3,274					3,685
Long-term intercompany debt	678			736				$	(1,414	)
Postretirement and pension liabilities						994					994
Other non-current liabilities				268		220					488
Commitments and contingent liabilities
Noncontrolling interests						242					242
Crown Holdings shareholders’ equity/(deficit)	(324		)	359		1,368		(1,727		)	(324		)
Total equity/(deficit)	(324		)	359		1,610		(1,727		)	(82		)
Total	$	361		$	1,810	$	8,148	$	(3,141	)	$	7,178

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2011

(in millions)



	Parent			Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	342				$	342
Receivables, net						948					948
Inventories						1,148					1,148
Prepaid expenses and other current assets				$	76	89					165
Total current assets	—			76		2,527					2,603

Intercompany debt receivables						1,391		$	(1,391	)
Investments	$	215		1,208				(1,423		)
Goodwill						1,952					1,952
Property, plant and equipment, net						1,751					1,751
Other non-current assets				376		186					562
Total	$	215		$	1,660	$	7,807	$	(2,814	)	$	6,868

Liabilities and equity
Current liabilities
Short-term debt						$	128				$	128
Current maturities of long-term debt						67					67
Accounts payable and accrued liabilities	$	20		$	40	2,030					2,090
Total current liabilities	20			40		2,225					2,285

Long-term debt, excluding current maturities				411		2,926					3,337
Long-term intercompany debt	668			723				$	(1,391	)
Postretirement and pension liabilities						996					996
Other non-current liabilities				271		218					489
Commitments and contingent liabilities
Noncontrolling interests						234					234
Crown Holdings shareholders’ equity/(deficit)	(473		)	215		1,208		(1,423		)	(473		)
Total equity/(deficit)	(473		)	215		1,442		(1,423		)	(239		)
Total	$	215		$	1,660	$	7,807	$	(2,814	)	$	6,868

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2012

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provide by/(used for) operating activities	$	(5	)	$	(19	)	$	(365	)				$	(389	)
Cash flows from investing activities
Capital expenditures							(62		)				(62		)
Insurance proceeds							23						23
Investment dividends				6						$	(6	)
Other							(9		)				(9		)
Net cash provided by/(used for) investing activities	—			6			(48		)	(6		)	(48		)
Cash flows from financing activities
Proceeds from long-term debt							21						21
Payments of long-term debt							(8		)				(8		)
Net change in revolving credit facility and short-term debt							338						338
Net change in long-term intercompany balances	10			13			(23		)
Common stock issued	2												2
Common stock repurchased	(7		)										(7		)
Dividends paid							(6		)	6
Dividend paid to noncontrolling interests							(16		)				(16		)
Other							8						8
Net cash provided by/(used for) financing activities	5			13			314			6			338
Effect of exchange rate changes on cash and cash equivalents							7						7
Net change in cash and cash equivalents	—			—			(92		)	—			(92		)
Cash and cash equivalents at January 1							342						342
Cash and cash equivalents March 31	$	—		$	—		$	250		$	—		$	250

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2011

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(7	)	$	(17	)	$	(293	)				$	(317	)
Cash flows from investing activities
Capital expenditures							(103		)				(103		)
Intercompany investing activities				3						$	(3	)
Other							2						2
Net cash provided by/(used for) investing activities				3			(101		)	(3		)	(101		)
Cash flows from financing activities
Proceeds from long-term debt							754						754
Payments of long-term debt							(605		)				(605		)
Net change in revolving credit facility and short-term debt							218						218
Net change in long-term intercompany balances	9			14			(23		)
Debt issue costs							(11		)				(11		)
Common stock issued	4												4
Common stock repurchased	(6		)										(6		)
Dividends paid							(3		)	3
Dividend paid to noncontrolling interests							(6		)				(6		)
Other							5						5
Net cash provided by/(used for) financing activities	7			14			329			3			353
Effect of exchange rate changes on cash and cash equivalents							11						11
Net change in cash and cash equivalents	—			—			(54		)	—			(54		)
Cash and cash equivalents at January 1							463						463
Cash and cash equivalents March 31	$	—		$	—		$	409		$	—		$	409

Crown Americas, LLC, Crown Americas Capital Corp. II and Crown Americas Capital Corp. III (collectively, the Issuers), wholly owned subsidiaries of the Company, have outstanding $400 principal amount of 7.625% senior notes due 2017 and $700 principal amount of 6.25% senior notes due 2021 that are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and substantially all subsidiaries in the United States. The guarantors are 100% owned by the Company and the guarantees are made on a joint and several basis. The following condensed combining financial statements:


•	statements of comprehensive income for the three months ended March 31, 2012 and 2011,


•	balance sheets as of March 31, 2012 and December 31, 2011, and


•	statements of cash flows for the three months ended March 31, 2012 and 2011

are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X.

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2012

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	540		$	1,407					$	1,947
Cost of products sold, excluding depreciation and amortization						440			1,178						1,618
Depreciation and amortization						10			32						42
Gross profit						90			197						287
Selling and administrative expense			$	2		39			65						106
Net interest expense			13			22			21						56
Technology royalty						(10		)	10
Translation and foreign exchange									3						3
Income/(loss) before income taxes			(15		)	39			98						122
Provision for/(benefit from) income taxes			(6		)	21			17						32
Equity earnings in affiliates	$	69	55			51						$	(175	)	—
Net income	69		46			69			81			(175		)	90
Net income attributable to noncontrolling interests									(21		)				(21		)
Net income attributable to Crown Holdings	$	69	$	46		$	69		$	60		$	(175	)	$	69

Comprehensive income	$	144	$	46		$	144		$	159		$	(325	)	$	168
Comprehensive income attributable to noncontrolling interests									(24		)				(24		)
Comprehensive income attributable to Crown Holdings	$	144	$	46		$	144		$	135		$	(325	)	$	144

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended March 31, 2011

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	623		$	1,259					$	1,882
Cost of products sold, excluding depreciation and amortization						528			1,022						1,550
Depreciation and amortization						10			30						40
Gross profit						85			207						292
Selling and administrative expense			$	2		36			64						102
Provision for restructuring						20			5						25
Loss from early extinguishment of debt			30												30
Net interest expense			12			22			18						52
Technology royalty						(10		)	10
Income/(loss) before income taxes			(44		)	17			110						83
Provision for/(benefit from) income taxes			(17		)	17			41						41
Equity earnings in affiliates	$	16	26			16						$	(58	)
Net income/(loss)	16		(1		)	16			69			(58		)	42
Net income attributable to noncontrolling interests									(26		)				(26		)
Net income/(loss) attributable to Crown Holdings	$	16	$	(1	)	$	16		$	43		$	(58	)	$	16

Comprehensive income	$	82	$	4		$	82		$	137		$	(192	)	$	113
Comprehensive income attributable to noncontrolling interests	—		—			—			(31		)	—			(31		)
Comprehensive income attributable to Crown Holdings	$	82	$	4		$	82		$	106		$	(192	)	$	82

CONDENSED COMBINING BALANCE SHEET

As of March 31, 2012

(in millions)



	Parent			Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents				$	28	$	1	$	221				$	250
Receivables, net				1		7		1,058					1,066
Intercompany receivables						33		13		$	(46	)
Inventories						331		982					1,313
Prepaid expenses and other current assets	$	2		2		89		102					195
Total current assets	2			31		461		2,376		(46		)	2,824

Intercompany debt receivables				2,272		1,784		345		(4,401		)
Investments	359			1,436		751				(2,546		)
Goodwill						453		1,545					1,998
Property, plant and equipment, net				1		300		1,495					1,796
Other non-current assets				30		369		161					560
Total	$	361		$	3,770	$	4,118	$	5,922	$	(6,993	)	$	7,178

Liabilities and equity
Current liabilities
Short-term debt								$	164				$	164
Current maturities of long-term debt						$	1	65					66
Accounts payable and accrued liabilities	$	7		$	31	319		1,506					1,863
Intercompany payables						13		33		$	(46	)
Total current liabilities	7			31		333		1,768		(46		)	2,093

Long-term debt, excluding current maturities				1,993		411		1,281					3,685
Long-term intercompany debt	678			1,147		2,177		399		(4,401		)
Postretirement and pension liabilities						545		449					994
Other non-current liabilities						293		195					488
Commitments and contingent liabilities
Noncontrolling interests								242					242
Crown Holdings shareholders’ equity/(deficit)	(324		)	599		359		1,588		(2,546		)	(324		)
Total equity/(deficit)	(324		)	599		359		1,830		(2,546		)	(82		)
Total	$	361		$	3,770	$	4,118	$	5,922	$	(6,993	)	$	7,178

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2011

(in millions)



	Parent			Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents				$	21	$	1	$	320				$	342
Receivables, net				1		37		910					948
Intercompany receivables						40		17		$	(57	)
Inventories						285		863					1,148
Prepaid expenses and other current assets				2		58		105					165
Total current assets	—			24		421		2,215		(57		)	2,603

Intercompany debt receivables				1,833		1,354		525		(3,712		)
Investments	$	215		1,386		632				(2,233		)
Goodwill						453		1,499					1,952
Property, plant and equipment, net				1		298		1,452					1,751
Other non-current assets				30		382		150					562
Total	$	215		$	3,274	$	3,540	$	5,841	$	(6,002	)	$	6,868

Liabilities and equity
Current liabilities
Short-term debt								$	128				$	128
Current maturities of long-term debt						$	1	66					67
Accounts payable and accrued liabilities	$	20		$	34	323		1,713					2,090
Intercompany payables						17		40		$	(57	)
Total current liabilities	20			34		341		1,947		(57		)	2,285

Long-term debt, excluding current maturities				1,732		412		1,193					3,337
Long-term intercompany debt	668			956		1,726		362		(3,712		)
Postretirement and pension liabilities						550		446					996
Other non-current liabilities						296		193					489
Commitments and contingent liabilities
Noncontrolling interests								234					234
Crown Holdings shareholders’ equity/(deficit)	(473		)	552		215		1,466		(2,233		)	(473		)
Total equity/(deficit)	(473		)	552		215		1,700		(2,233		)	(239		)
Total	$	215		$	3,274	$	3,540	$	5,841	$	(6,002	)	$	6,868

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2012

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net provided by/(used for) operating activities	$	(5	)	$	(10	)	$	(24	)	$	(350	)				$	(389	)
Cash flows from investing activities
Capital expenditures							(4		)	(58		)				(62		)
Insurance proceeds										23						23
Intercompany investing activities				5			7						$	(12	)
Other										(9		)				(9		)
Net cash provided by/(used for) investing activities				5			3			(44		)	(12		)	(48		)
Cash flows from financing activities
Proceeds from long-term debt										21						21
Payments of long-term debt										(8		)				(8		)
Net change in revolving credit facility and short-term debt				260						78						338
Net change in long-term intercompany balances	10			(248		)	21			217
Common stock issued	2															2
Common stock repurchased	(7		)													(7		)
Dividends paid										(12		)	12
Dividends paid to noncontrolling interests										(16		)				(16		)
Other										8						8
Net cash provided by/(used for) financing activities	5			12			21			288			12			338
Effect of exchange rate changes on cash and cash equivalents										7						7
Net change in cash and cash equivalents	—			7			—			(99		)	—			(92		)
Cash and cash equivalents at January 1				21			1			320						342
Cash and cash equivalents March 31	$	—		$	28		$	1		$	221		$	—		$	250

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2011

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net provided by/(used for) operating activities	$	(7	)	$	(12	)	$	4		$	(302	)				$	(317	)
Cash flows from investing activities
Capital expenditures							(9		)	(94		)				(103		)
Intercompany investing activities							3			11			$	(14	)
Other										2						2
Net cash provided by/(used for) investing activities	—			—			(6		)	(81		)	(14		)	(101		)
Cash flows from financing activities
Proceeds from long-term debt				700						54						754
Payments of long-term debt				(600		)				(5		)				(605		)
Net change in revolving credit facility and short-term debt				160						58						218
Debt issue costs				(11		)										(11		)
Net change in long-term intercompany balances	9			(242		)	1			232
Common stock issued	4															4
Common stock repurchased	(6		)													(6		)
Dividends paid										(14		)	14
Dividends paid to noncontrolling interests										(6		)				(6		)
Other										5						5
Net cash provided by/(used for) financing activities	7			7			1			324			14			353
Effect of exchange rate changes on cash and cash equivalents										11						11
Net change in cash and cash equivalents	—			(5		)	(1		)	(48		)	—			(54		)
Cash and cash equivalents at January 1				38			1			424						463
Cash and cash equivalents March 31	$	—		$	33		$	—		$	376		$	—		$	409