Condensed Combining Financial Information (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Crown European Holdings SA [Member]

Condensed Combining Statement Of Comprehensive Income

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,188		$	996					$	2,184
Cost of products sold, excluding depreciation and amortization						972			827						1,799
Depreciation and amortization						20			25						45
Gross profit						196			144						340
Selling and administrative expense			$	(1	)	67			24						90
Provision for restructuring						2			1						3
Asset impairments and sales						(1		)	(9		)				(10		)
Net interest expense			13			32			9						54
Technology royalty						(12		)	12						—
Translation and foreign exchange						(2		)	(3		)				(5		)
Income/(loss) before income taxes			(12		)	110			110						208
Provision for income taxes						36			15						51
Equity earnings in affiliates	$	134	65			60						$	(259	)	—
Net income	134		53			134			95			(259		)	157
Net income attributable to noncontrolling interests									(23		)				(23		)
Net income attributable to Crown Holdings	$	134	$	53		$	134		$	72		$	(259	)	$	134
Comprehensive income	$	93	$	6		$	93		$	16		$	(97	)	$	111
Comprehensive income attributable to noncontrolling interests									(18		)				(18		)
Comprehensive income attributable to Crown Holdings	$	93	$	6		$	93		$	(2	)	$	(97	)	$	93

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,083		$	1,198					$	2,281
Cost of products sold, excluding depreciation and amortization			—			851			1,014						1,865
Depreciation and amortization						21			24						45
Gross profit			—			211			160						371
Selling and administrative expense			—			78			22						100
Loss from early extinguishment of debt			$	2		—									2
Net interest expense			20			25			13						58
Technology royalty						(9		)	9						—
Translation and foreign exchange									1						1
Income/(loss) before income taxes			(22		)	117			115			—			210
Provision for income taxes			—			38			16						54
Equity earnings/(loss) in affiliates	$	129	91			50						$	(270	)	—
Net income	129		69			129			99			(270		)	156
Net income attributable to noncontrolling interests									(27		)				(27		)
Net income attributable to Crown Holdings	$	129	$	69		$	129		$	72		$	(270	)	$	129
Comprehensive income	$	138	$	80		$	138		$	114		$	(305	)	$	165
Comprehensive income attributable to noncontrolling interests	—		—			—			(27		)	—			(27		)
Comprehensive income attributable to Crown Holdings	$	138	$	80		$	138		$	87		$	(305	)	$	138

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2012 (in millions)
	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,277		$	1,854					$	4,131
Cost of products sold, excluding depreciation and amortization						1,883			1,534						3,417
Depreciation and amortization						38			49						87
Gross profit						356			271						627
Selling and administrative expense			$	(1	)	150			47						196
Provision for restructuring						2			1						3
Asset impairments and sales						(1		)	(9		)				(10		)
Net interest expense			28			63			19						110
Technology royalty						(19		)	19						—
Translation and foreign exchange						—			(2		)				(2		)
Income/(loss) before income taxes			(27		)	161			196						330
Provision for income taxes			—			54			29						83
Equity earnings in affiliates	$	203	114			96						$	(413	)	—
Net income	203		87			203			167			(413		)	247
Net income attributable to noncontrolling interests									(44		)				(44		)
Net income attributable to Crown Holdings	$	203	$	87		$	203		$	123		$	(413	)	$	203
Comprehensive income	$	237	$	104		$	237		$	159		$	(458	)	$	279
Comprehensive income attributable to noncontrolling interests									(42		)				(42		)
Comprehensive income attributable to Crown Holdings	$	237	$	104		$	237		$	117		$	(458	)	$	237

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2011 (in millions)
	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,349		$	1,814					$	4,163
Cost of products sold, excluding depreciation and amortization			$	(1	)	1,941			1,475						3,415
Depreciation and amortization						40			45						85
Gross profit			1			368			294						663
Selling and administrative expense			(1		)	157			46						202
Provision for restructuring						25									25
Asset impairments and sales						(182		)	—			$	182		—
Loss from early extinguishment of debt			2			30									32
Net interest expense			39			55			16						110
Technology royalty						(15		)	15						—
Translation and foreign exchange						—			1						1
Income/(loss) before income taxes			(39		)	298			216			(182		)	293
Provision for income taxes			1			39			55						95
Equity earnings/(loss) in affiliates	$	145	139			(114		)				(170		)	—
Net income	145		99			145			161			(352		)	198
Net income attributable to noncontrolling interests									(53		)				(53		)
Net income attributable to Crown Holdings	$	145	$	99		$	145		$	108		$	(352	)	$	145
Comprehensive income	$	220	$	157		$	220		$	262		$	(581	)	$	278
Comprehensive income attributable to noncontrolling interests									(58		)				(58		)
Comprehensive income attributable to Crown Holdings	$	220	$	157		$	220		$	204		$	(581	)	$	220

Condensed Combining Balance Sheet

	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	35		$	195				$	230
Receivables, net						326			868					1,194
Intercompany receivables				$	1	78			31		$	(110	)
Inventories						657			615					1,272
Prepaid expenses and other current assets	$	2		5		149			57					213
Total current assets	2			6		1,245			1,766		(110		)	2,909
Intercompany debt receivables				1,678		3,711			377		(5,766		)
Investments	453			3,084		(440		)			(3,097		)
Goodwill						1,396			548					1,944
Property, plant and equipment, net						595			1,205					1,800
Other non-current assets				25		466			80					571
Total	$	455		$	4,793	$	6,973		$	3,976	$	(8,973	)	$	7,224
Liabilities and equity
Current liabilities
Short-term debt				$	10	$	8		$	167				$	185
Current maturities of long-term debt				17		28			68					113
Accounts payable and accrued liabilities	$	12		21		1,087			859					1,979
Intercompany payables				—		31			79		$	(110	)
Total current liabilities	12			48		1,154			1,173		(110		)	2,277
Long-term debt, excluding current maturities				962		2,362			169					3,493
Long-term intercompany debt	670			2,549		1,754			793		(5,766		)
Postretirement and pension liabilities						928			18					946
Other non-current liabilities						322			175					497
Commitments and contingent liabilities
Noncontrolling interests						—			238					238
Crown Holdings shareholders’ equity/(deficit)	(227		)	1,234		453			1,410		(3,097		)	(227		)
Total equity/(deficit)	(227		)	1,234		453			1,648		(3,097		)	11
Total	$	455		$	4,793	$	6,973		$	3,976	$	(8,973	)	$	7,224

	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	54		$	288				$	342
Receivables, net						230			718					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		1,088			1,591		(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	$	6,516		$	3,679	$	(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		1,124			926					2,090
Intercompany payables				1		22			62		$	(85	)
Total current liabilities	20			27		1,161			1,162		(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	$	6,516		$	3,679	$	(8,161	)	$	6,868

Condensed Combining Statement Of Cash Flows

	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	1		$	(26	)	$	(95	)	$	(96	)				$	(216	)
Cash flows from investing activities
Capital expenditures							(29		)	(110		)				(139		)
Intercompany investing activities				34			55						$	(89	)	—
Insurance proceeds										23						23
Proceeds from sale of property, plant and equipment							2									2
Other, net										(14		)				(14		)
Net cash provided by/(used for) investing activities	—			34			28			(101		)	(89		)	(128		)
Cash flows from financing activities
Proceeds from long-term debt										42						42
Payments of long-term debt										(32		)				(32		)
Net change in revolving credit facility and short-term debt				4			210			60						274
Net change in long-term intercompany balances	2			(20		)	(115		)	133						—
Common stock issued	4															4
Common stock repurchased	(7		)													(7		)
Dividends paid							(34		)	(55		)	89
Dividends paid to noncontrolling interests										(38		)				(38		)
Other				8			(13		)	—						(5		)
Net cash provided by/(used for) financing activities	(1		)	(8		)	48			110			89			238
Effect of exchange rate changes on cash and cash equivalents										(6		)				(6		)
Net change in cash and cash equivalents	—			—			(19		)	(93		)	—			(112		)
Cash and cash equivalents at January 1							54			288						342
Cash and cash equivalents at June 30	$	—		$	—		$	35		$	195		$	—		$	230

	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(3	)	$	(43	)	$	(103	)	$	(98	)				$	(247	)
Cash flows from investing activities
Capital expenditures							(31		)	(153		)				(184		)
Change in restricted cash				(125		)										(125		)
Intercompany investing activities				6			230			(180		)	$	(56	)
Other							2									2
Net cash provided by/(used for) investing activities				(119		)	201			(333		)	(56		)	(307		)
Cash flows from financing activities
Proceeds from long-term debt				400			900			116						1,416
Payments of long-term debt				(159		)	(747		)	(16		)				(922		)
Net change in revolving credit facility and short-term debt				(29		)	250			27						248
Net change in long-term intercompany balances	206			(63		)	(488		)	345
Debt issue costs							(16		)							(16		)
Common stock issued	9															9
Common stock repurchased	(212		)													(212		)
Dividends paid										(56		)	56
Purchase of noncontrolling interests										(9		)				(9		)
Dividends paid to noncontrolling interests										(38		)				(38		)
Other				13						5						18
Net cash provided by/(used for) financing activities	3			162			(101		)	374			56			494
Effect of exchange rate changes on cash and cash equivalents										18						18
Net change in cash and cash equivalents	—			—			(3		)	(39		)	—			(42		)
Cash and cash equivalents at January 1				—			65			398						463
Cash and cash equivalents at June 30	$	—		$	—		$	62		$	359		$	—		$	421

Crown Cork & Seal Company, Inc [Member]

Condensed Combining Statement Of Comprehensive Income

	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,184					$	2,184
Cost of products sold, excluding depreciation and amortization						1,799						1,799
Depreciation and amortization						45						45
Gross profit						340						340
Selling and administrative expense			$	2		88						90
Provision for restructuring						3						3
Asset impairments and sales						(10		)				(10		)
Net interest expense			22			32						54
Translation and foreign exchange						(5		)				(5		)
Income/(loss) before income taxes			(24		)	232						208
Provision for/(benefit from) income taxes			(3		)	54						51
Equity earnings in affiliates	$	134	155						$	(289	)	—
Net income	134		134			178			(289		)	157
Net income attributable to noncontrolling interests						(23		)				(23		)
Net income attributable to Crown Holdings	$	134	$	134		$	155		$	(289	)	$	134
Comprehensive income	$	93	$	93		$	133		$	(208	)	$	111
Comprehensive income attributable to noncontrolling interests						(18		)				(18		)
Comprehensive income attributable to Crown Holdings	$	93	$	93		$	115		$	(208	)	$	93

	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,281					$	2,281
Cost of products sold, excluding depreciation and amortization						1,865						1,865
Depreciation and amortization						45						45
Gross profit						371						371
Selling and administrative expense			$	3		97						100
Loss from early extinguishment of debt						2						2
Net interest expense			21			37						58
Translation and foreign exchange						1						1
Income/(loss) before income taxes			(24		)	234						210
Provision for/(benefit from) income taxes			2			52						54
Equity earnings in affiliates	$	129	155						$	(284	)	—
Net income	129		129			182			(284		)	156
Net income attributable to noncontrolling interests						(27		)				(27		)
Net income attributable to Crown Holdings	$	129	$	129		$	155		$	(284	)	$	129
Comprehensive income	$	138	$	138		$	190		$	(301	)	$	165
Comprehensive income attributable to noncontrolling interests						(27		)				(27		)
Comprehensive income attributable to Crown Holdings	$	138	$	138		$	163		$	(301	)	$	138

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2012 (in millions)
	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	4,131					$	4,131
Cost of products sold, excluding depreciation and amortization						3,417						3,417
Depreciation and amortization						87						87
Gross profit	—		—			627			—			627
Selling and administrative expense			$	5		191						196
Provision for restructuring						3						3
Asset impairments and sales						(10		)				(10		)
Net interest expense			45			65						110
Translation and foreign exchange						(2		)				(2		)
Income/(loss) before income taxes			(50		)	380						330
Provision for/(benefit from) income taxes			(7		)	90						83
Equity earnings in affiliates	$	203	246						$	(449	)	—
Net income	203		203			290			(449		)	247
Net income attributable to noncontrolling interests						(44		)				(44		)
Net income attributable to Crown Holdings	$	203	$	203		$	246		$	(449	)	$	203
Comprehensive income	$	237	$	237		$	323		$	(518	)	$	279
Comprehensive income attributable to noncontrolling interests						(42		)				(42		)
Comprehensive income attributable to Crown Holdings	$	237	$	237		$	281		$	(518	)	$	237

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2011 (in millions)
	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net Sales						$	4,163					$	4,163
Cost of products sold, excluding depreciation and amortization						3,415						3,415
Depreciation and amortization						85						85
Gross profit						663						663
Selling and administrative expense			$	5		197						202
Provision for restructuring						25						25
Loss from early extinguishment of debt						32						32
Net interest expense			42			68						110
Translation and foreign exchange						1						1
Income/(loss) before income taxes			(47		)	340						293
Provision for/(benefit from) income taxes			(5		)	100						95
Equity earnings in affiliates	$	145	187						$	(332	)	—
Net income	145		145			240			(332		)	198
Net income attributable to noncontrolling interests						(53		)				(53		)
Net income attributable to Crown Holdings	$	145	$	145		$	187		$	(332	)	$	145
Comprehensive income	$	220	$	220		$	319		$	(481	)	$	278
Comprehensive income attributable to noncontrolling interests						(58		)				(58		)
Comprehensive income attributable to Crown Holdings	$	220	$	220		$	261		$	(481	)	$	220

Condensed Combining Balance Sheet

	Parent			Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	230				$	230
Receivables, net						1,194					1,194
Inventories						1,272					1,272
Prepaid expenses and other current assets	$	2		$	76	135					213
Total current assets	2			76		2,831					2,909
Intercompany debt receivables						1,400		$	(1,400	)
Investments	453			1,445				(1,898		)
Goodwill						1,944					1,944
Property, plant and equipment, net						1,800					1,800
Other non-current assets				366		205					571
Total	$	455		$	1,887	$	8,180	$	(3,298	)	$	7,224
Liabilities and equity
Current liabilities
Short-term debt						$	185				$	185
Current maturities of long-term debt						113					113
Accounts payable and accrued liabilities	$	12		$	28	1,939					1,979
Total current liabilities	12			28		2,237					2,277
Long-term debt, excluding current maturities				411		3,082					3,493
Long-term intercompany debt	670			730				$	(1,400	)
Postretirement and pension liabilities						946					946
Other non-current liabilities				265		232					497
Commitments and contingent liabilities
Noncontrolling interests						238					238
Crown Holdings shareholders’ equity/(deficit)	(227		)	453		1,445		(1,898		)	(227		)
Total equity/(deficit)	(227		)	453		1,683		(1,898		)	11
Total	$	455		$	1,887	$	8,180	$	(3,298	)	$	7,224

	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

	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provide by/(used for) operating activities	$	1		$	(51	)	$	(166	)				$	(216	)
Cash flows from investing activities
Capital expenditures							(139		)				(139		)
Intercompany investing activities				43						$	(43	)	—
Insurance proceeds							23						23
Proceeds from sale of property, plant and equipment							2						2
Other							(14		)				(14		)
Net cash provided by/(used for) investing activities	—			43			(128		)	(43		)	(128		)
Cash flows from financing activities
Proceeds from long-term debt							42						42
Payments of long-term debt							(32		)				(32		)
Net change in revolving credit facility and short-term debt							274						274
Net change in long-term intercompany balances	2			8			(10		)				—
Common stock issued	4												4
Common stock repurchased	(7		)										(7		)
Dividends paid							(43		)	43
Dividend paid to noncontrolling interests							(38		)				(38		)
Other							(5		)				(5		)
Net cash provided by/(used for) financing activities	(1		)	8			188			43			238
Effect of exchange rate changes on cash and cash equivalents							(6		)				(6		)
Net change in cash and cash equivalents	—			—			(112		)	—			(112		)
Cash and cash equivalents at January 1							342						342
Cash and cash equivalents at June 30	$	—		$	—		$	230		$	—		$	230

	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(3	)	$	(43	)	$	(201	)				$	(247	)
Cash flows from investing activities
Capital expenditures							(184		)				(184		)
Change in restricted cash							(125		)				(125		)
Intercompany investing activities				31						$	(31	)
Proceeds from sale of property, plant and equipment							2						2
Net cash provided by/(used for) investing activities				31			(307		)	(31		)	(307		)
Cash flows from financing activities
Proceeds from long-term debt							1,416						1,416
Payments of long-term debt							(922		)				(922		)
Net change in revolving credit facility and short-term debt							248						248
Net change in long-term intercompany balances	206			12			(218		)
Debt issue costs							(16		)				(16		)
Common stock issued	9												9
Common stock repurchased	(212		)										(212		)
Dividends paid							(31		)	31
Purchase of noncontrolling interests							(9		)				(9		)
Dividend paid to noncontrolling interests							(38		)				(38		)
Other							18						18
Net cash provided by/(used for) financing activities	3			12			448			31			494
Effect of exchange rate changes on cash and cash equivalents							18						18
Net change in cash and cash equivalents	—			—			(42		)	—			(42		)
Cash and cash equivalents at January 1							463						463
Cash and cash equivalents at June 30	$	—		$	—		$	421		$	—		$	421

Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]

Condensed Combining Statement Of Comprehensive Income

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	600		$	1,584					$	2,184
Cost of products sold, excluding depreciation and amortization						473			1,326						1,799
Depreciation and amortization						10			35						45
Gross profit						117			223						340
Selling and administrative expense			$	1		32			57						90
Provision for restructuring						1			2						3
Asset impairments and sales						(1		)	(9		)				(10		)
Net interest expense			13			23			18						54
Technology royalty						(10		)	10
Translation and foreign exchange									(5		)				(5		)
Income/(loss) before income taxes			(14		)	72			150						208
Provision for/(benefit from) income taxes			(5		)	34			22						51
Equity earnings in affiliates	$	134	61			96						$	(291	)	—
Net income	134		52			134			128			(291		)	157
Net income attributable to noncontrolling interests									(23		)				(23		)
Net income attributable to Crown Holdings	$	134	$	52		$	134		$	105		$	(291	)	$	134
Comprehensive income	$	93	$	59		$	93		$	75		$	(209	)	$	111
Comprehensive income attributable to noncontrolling interests									(18		)				(18		)
Comprehensive income attributable to Crown Holdings	$	93	$	59		$	93		$	57		$	(209	)	$	93

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	513		$	1,768					$	2,281
Cost of products sold, excluding depreciation and amortization						398			1,467						1,865
Depreciation and amortization						9			36						45
Gross profit						106			265						371
Selling and administrative expense			$	1		34			65						100
Loss from early extinguishment of debt			—			2									2
Net interest expense			14			18			26						58
Technology royalty						(13		)	13
Translation and foreign exchange									1						1
Income/(loss) before income taxes			(15		)	65			160						210
Provision for/(benefit from) income taxes			(5		)	(17		)	76						54
Equity earnings in affiliates	$	129	90			47						$	(266	)
Net income	129		80			129			84			(266		)	156
Net income attributable to noncontrolling interests									(27		)				(27		)
Net income attributable to Crown Holdings	$	129	$	80		$	129		$	57		$	(266	)	$	129
Comprehensive income	$	138	$	85		$	138		$	59		$	(255	)	$	165
Comprehensive income attributable to noncontrolling interests	—		—			—			(27		)	—			(27		)
Comprehensive income attributable to Crown Holdings	$	138	$	85		$	138		$	32		$	(255	)	$	138

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2012 (in millions)
	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,140		$	2,991					$	4,131
Cost of products sold, excluding depreciation and amortization						913			2,504						3,417
Depreciation and amortization						20			67						87
Gross profit						207			420						627
Selling and administrative expense			$	3		71			122						196
Provision for restructuring						1			2						3
Asset impairments and sales						(1		)	(9		)				(10		)
Net interest expense			26			45			39						110
Technology royalty						(20		)	20
Translation and foreign exchange									(2		)				(2		)
Income/(loss) before income taxes			(29		)	111			248						330
Provision for/(benefit from) income taxes			(11		)	55			39						83
Equity earnings in affiliates	$	203	116			147						$	(466	)	—
Net income	203		98			203			209			(466		)	247
Net income attributable to noncontrolling interests									(44		)				(44		)
Net income attributable to Crown Holdings	$	203	$	98		$	203		$	165		$	(466	)	$	203
Comprehensive income	$	237	$	105		$	237		$	234		$	(534	)	$	279
Comprehensive income attributable to noncontrolling interests									(42		)				(42		)
Comprehensive income attributable to Crown Holdings	$	237	$	105		$	237		$	192		$	(534	)	$	237

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2011 (in millions)
	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,136		$	3,027					$	4,163
Cost of products sold, excluding depreciation and amortization						926			2,489						3,415
Depreciation and amortization						19			66						85
Gross profit						191			472						663
Selling and administrative expense			$	3		70			129						202
Provision for restructuring									25						25
Loss from early extinguishment of debt			30			2			—						32
Net interest expense			26			40			44						110
Technology royalty						(23		)	23
Translation and foreign exchange									1						1
Income/(loss) before income taxes			(59		)	102			250						293
Provision for/(benefit from) income taxes			(22		)	—			117						95
Equity earnings in affiliates	$	145	116			43						$	(304	)	—
Net income	145		79			145			133			(304		)	198
Net income attributable to noncontrolling interests									(53		)				(53		)
Net income attributable to Crown Holdings	$	145	$	79		$	145		$	80		$	(304	)	$	145
Comprehensive income	$	220	$	89		$	220		$	196		$	(447	)	$	278
Comprehensive income attributable to noncontrolling interests									(58		)				(58		)
Comprehensive income attributable to Crown Holdings	$	220	$	89		$	220		$	138		$	(447	)	$	220

Condensed Combining Balance Sheet

	Parent			Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents				$	25	$	1	$	204				$	230
Receivables, net				1		13		1,180					1,194
Intercompany receivables						43		15		$	(58	)
Inventories						294		978					1,272
Prepaid expenses and other current assets	$	2		2		88		121					213
Total current assets	2			28		439		2,498		(58		)	2,909
Intercompany debt receivables				2,258		1,916		340		(4,514		)
Investments	453			1,492		775				(2,720		)
Goodwill						453		1,491					1,944
Property, plant and equipment, net				1		300		1,499					1,800
Other non-current assets				28		344		199					571
Total	$	455		$	3,807	$	4,227	$	6,027	$	(7,292	)	$	7,224
Liabilities and equity
Current liabilities
Short-term debt								$	185				$	185
Current maturities of long-term debt				$	28	—		85					113
Accounts payable and accrued liabilities	$	12		34		$	314	1,619					1,979
Intercompany payables						15		43		$	(58	)
Total current liabilities	12			62		329		1,932		(58		)	2,277
Long-term debt, excluding current maturities				1,895		412		1,186					3,493
Long-term intercompany debt	670			1,193		2,211		440		(4,514		)
Postretirement and pension liabilities						528		418					946
Other non-current liabilities						294		203					497
Commitments and contingent liabilities
Noncontrolling interests								238					238
Crown Holdings shareholders’ equity/(deficit)	(227		)	657		453		1,610		(2,720		)	(227		)
Total equity/(deficit)	(227		)	657		453		1,848		(2,720		)	11
Total	$	455		$	3,807	$	4,227	$	6,027	$	(7,292	)	$	7,224

	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

	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net provided by/(used for) operating activities	$	1		$	(15	)	$	69		$	(271	)				$	(216	)
Cash flows from investing activities
Capital expenditures							(13		)	(126		)				(139		)
Intercompany investing activities				7			43						$	(50	)
Insurance proceeds										23						23
Proceeds from sale of property, plant and equipment							1			1						2
Other										(14		)				(14		)
Net cash provided by/(used for) investing activities				7			31			(116		)	(50		)	(128		)
Cash flows from financing activities
Proceeds from long-term debt										42						42
Payments of long-term debt										(32		)				(32		)
Net change in revolving credit facility and short-term debt				191						83						274
Net change in long-term intercompany balances	2			(179		)	(100		)	277
Common stock issued	4															4
Common stock repurchased	(7		)													(7		)
Dividends paid										(50		)	50
Dividends paid to noncontrolling interests										(38		)				(38		)
Other										(5		)				(5		)
Net cash provided by/(used for) financing activities	(1		)	12			(100		)	277			50			238
Effect of exchange rate changes on cash and cash equivalents										(6		)				(6		)
Net change in cash and cash equivalents	—			4			—			(116		)	—			(112		)
Cash and cash equivalents at January 1				21			1			320						342
Cash and cash equivalents at June 30	$	—		$	25		$	1		$	204		$	—		$	230

	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net provided by/(used for) operating activities	$	(3	)	$	(16	)	$	48		$	(276	)				$	(247	)
Cash flows from investing activities
Capital expenditures							(9		)	(175		)				(184		)
Change in restricted cash										(125		)				(125		)
Proceeds from sale of property, plant and equipment							—			2						2
Intercompany investing activities							32			—			$	(32	)
Other										—						—
Net cash provided by/(used for) investing activities	—			—			23			(298		)	(32		)	(307		)
Cash flows from financing activities
Proceeds from long-term debt				900						516						1,416
Payments of long-term debt				(746		)	(1		)	(175		)				(922		)
Net change in revolving credit facility and short-term debt				225						23						248
Net change in long-term intercompany balances	206			(350		)	(70		)	214
Debt issue costs				(16		)										(16		)
Common stock issued	9															9
Common stock repurchased	(212		)													(212		)
Dividends paid										(32		)	32
Purchase of noncontrolling interests	—									(9		)				(9		)
Dividends paid to noncontrolling interests										(38		)				(38		)
Other										18						18
Net cash provided by/(used for) financing activities	3			13			(71		)	517			32			494
Effect of exchange rate changes on cash and cash equivalents										18						18
Net change in cash and cash equivalents	—			(3		)	—			(39		)	—			(42		)
Cash and cash equivalents at January 1				38			1			424						463
Cash and cash equivalents at June 30	$	—		$	35		$	1		$	385		$	—		$	421