
.	Condensed Combining Financial Information

Crown European Holdings SA (Issuer), a wholly owned subsidiary of the Company, has €500 ($651 at June 30, 2013) 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 wholly 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 and six months ended June 30, 2013 and 2012,

•balance sheets as of June 30, 2013 and December 31, 2012, and

•statements of cash flows for the six months ended June 30, 2013 and 2012

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 June 30, 2013

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,120		$	1,103					$	2,223
Cost of products sold, excluding depreciation and amortization						877			941						1,818
Depreciation and amortization						10			20						30
Gross profit						233			142						375
Selling and administrative expense			$	(2	)	80			24						102
Provision for restructuring			—			4			—						4
Net interest expense			14			32			14						60
Technology royalty			—			(10		)	10						—
Foreign exchange			—			1			(1		)				—
Income/(loss) before income taxes			(12		)	126			95						209
Provision for / (benefit from) income taxes			—			24			31						55
Equity earnings / (loss) in affiliates	$	133	39			31			—			$	(202	)	1
Net income	133		27			133			64			(202		)	155
Net income attributable to noncontrolling interests									(22		)				(22		)
Net income attributable to Crown Holdings	$	133	$	27		$	133		$	42		$	(202	)	$	133

Comprehensive income	$	148	$	28		$	148		$	58		$	(213	)	$	169
Comprehensive income attributable to noncontrolling interests									(21		)				(21		)
Comprehensive income attributable to Crown Holdings	$	148	$	28		$	148		$	37		$	(213	)	$	148

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2012

(in millions)



	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						—
Foreign exchange	—		—			(2		)	(3		)	—			(5		)
Income/(loss) before income taxes			(12		)	110			110			—			208
Provision for / (benefit from) income taxes	—		—			36			15			—			51
Equity earnings / (loss) 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

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2013

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,128		$	2,068					$	4,196
Cost of products sold, excluding depreciation and amortization						1,705			1,753						3,458
Depreciation and amortization						24			40						64
Gross profit						399			275						674
Selling and administrative expense			$	(2	)	161			47						206
Provision for restructuring			—			6			2						8
Loss from early extinguishments of debt			1			37									38
Net interest expense			27			64			27						118
Technology royalty			—			(18		)	18						—
Foreign exchange			—			3			(1		)				2
Income/(loss) before income taxes			(26		)	146			182						302
Provision for / (benefit from) income taxes			—			40			39						79
Equity earnings / (loss) in affiliates	$	174	61			68			—			$	(304	)	(1		)
Net income	174		35			174			143			(304		)	222
Net income attributable to noncontrolling interests									(48		)				(48		)
Net income attributable to Crown Holdings	$	174	$	35		$	174		$	95		$	(304	)	$	174

Comprehensive income	$	172	$	17		$	172		$	107		$	(252	)	$	216
Comprehensive income attributable to noncontrolling interests									(44		)				(44		)
Comprehensive income attributable to Crown Holdings	$	172	$	17		$	172		$	63		$	(252	)	$	172

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						—
Foreign exchange	—		—			—			(2		)				(2		)
Income/(loss) before income taxes			(27		)	161			196			—			330
Provision for / (benefit from) income taxes	—		—			54			29			—			83
Equity earnings / (loss) 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 BALANCE SHEET

As of June 30, 2013

(in millions)



	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	114		$	113				$	227
Receivables, net						340			962					1,302
Intercompany receivables				$	2	88			37		$	(127	)
Inventories						692			732					1,424
Prepaid expenses and other current assets	3			16		133			67					219
Total current assets	3			18		1,367			1,911		(127		)	3,172

Intercompany debt receivables				1,516		3,547			533		(5,596		)
Investments	$	920		3,906		(271		)			(4,555		)
Goodwill						1,382			562					1,944
Property, plant and equipment, net						605			1,413					2,018
Other non-current assets				22		630			83					735
Total	$	923		$	5,462	$	7,260		$	4,502	$	(10,278	)	$	7,869

Liabilities and equity
Current liabilities
Short-term debt				$	1	$	10		$	275				$	286
Current maturities of long-term debt				36		55			77					168
Accounts payable and accrued liabilities	$	11		26		1,087			1,053					2,177
Intercompany payables				—		37			90		$	(127	)
Total current liabilities	11			63		1,189			1,495		(127		)	2,631

Long-term debt, excluding current maturities				1,019		2,450			203					3,672
Long-term intercompany debt	1,073			2,206		1,454			863		(5,596		)
Postretirement and pension liabilities						971			19					990
Other non-current liabilities				8		276			167					451
Commitments and contingent liabilities
Noncontrolling interests						—			286					286
Crown Holdings shareholders’ equity/(deficit)	(161		)	2,166		920			1,469		(4,555		)	(161		)
Total equity/(deficit)	(161		)	2,166		920			1,755		(4,555		)	125
Total	$	923		$	5,462	$	7,260		$	4,502	$	(10,278	)	$	7,869

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2012

(in millions)



	Parent			Issuer		Guarantors			Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	134		$	216				$	350
Receivables, net						274			783					1,057
Intercompany receivables				$	2	41			32		$	(75	)
Inventories						582			584					1,166
Prepaid expenses and other current assets	$	1		14		123			39					177
Total current assets	1			16		1,154			1,654		(75		)	2,750

Intercompany debt receivables				1,578		3,141			492		(5,211		)
Investments	749			3,839		(278		)			(4,310		)
Goodwill						1,429			569					1,998
Property, plant and equipment, net						610			1,385					1,995
Other non-current assets				24		658			65					747
Total	$	750		$	5,457	$	6,714		$	4,165	$	(9,596	)	$	7,490

Liabilities and equity
Current liabilities
Short-term debt				$	2	—			$	259				$	261
Current maturities of long-term debt				18		$	28		69					115
Accounts payable and accrued liabilities	$	18		21		1,097			1,006					2,142
Intercompany payables				—		32			43		$	(75	)
Total current liabilities	18			41		1,157			1,377		(75		)	2,518

Long-term debt, excluding current maturities				1,003		2,073			213					3,289
Long-term intercompany debt	894			2,264		1,340			713		(5,211		)
Postretirement and pension liabilities						1,079			19					1,098
Other non-current liabilities				8		316			138					462
Commitments and contingent liabilities
Noncontrolling interests						—			285					285
Crown Holdings shareholders’ equity/(deficit)	(162		)	2,141		749			1,420		(4,310		)	(162		)
Total equity/(deficit)	(162		)	2,141		749			1,705		(4,310		)	123
Total	$	750		$	5,457	$	6,714		$	4,165	$	(9,596	)	$	7,490

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2013

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	2		$	(21	)	$	(199	)	$	(33	)				$	(251	)
Cash flows from investing activities
Capital expenditures							(29		)	(95		)				(124		)
Insurance proceeds										8						8
Change in restricted cash										(5		)				(5		)
Proceeds from sale of property, plant and equipment							3			2						5
Intercompany investing activities				(39		)	50						$	(11	)	—
Net cash provided by/(used for) investing activities	—			(39		)	24			(90		)	(11		)	(116		)
Cash flows from financing activities
Proceeds from long-term debt							1,000			40						1,040
Payments of long-term debt				(217		)	(729		)	(38		)				(984		)
Net change in revolving credit facility and short-term debt				267			140			16						423
Debt issue costs				—			(15		)	—						(15		)
Net change in long-term intercompany balances	179			11			(253		)	63						—
Capital contribution										39			(39		)	—
Common stock issued	13															13
Common stock repurchased	(194		)													(194		)
Dividends paid							—			(50		)	50
Purchase of noncontrolling interests							—			(10		)				(10		)
Dividends paid to noncontrolling interests										(35		)				(35		)
Other				(1		)	12			—						11
Net cash provided by/(used for) financing activities	(2		)	60			155			25			11			249
Effect of exchange rate changes on cash and cash equivalents										(5		)				(5		)
Net change in cash and cash equivalents	—			—			(20		)	(103		)	—			(123		)
Cash and cash equivalents at January 1							134			216						350
Cash and cash equivalents at June 30	$	—		$	—		$	114		$	113		$	—		$	227

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2012

(in millions)



	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		)
Insurance proceeds										23						23
Change in restricted cash				—						(11		)				(11		)
Proceeds from sale of property, plant and equipment							2									2
Intercompany investing activities				34			55			—			$	(89	)	—
Other							—			(3		)				(3		)
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

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 and six months ended June 30, 2013 and 2012,

•balance sheets as of June 30, 2013 and December 31, 2012, and

•statements of cash flows for the six months ended June 30, 2013 and 2012

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 June 30, 2013

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,223					$	2,223
Cost of products sold, excluding depreciation and amortization			(16		)	1,834						1,818
Depreciation and amortization						30						30
Gross profit			16			359						375
Selling and administrative expense	—		(2		)	104						102
Provision for restructuring	—					4						4
Net interest expense			25			35						60
Income/(loss) before income taxes			(7		)	216			—			209
Provision for / (benefit from) income taxes			(3		)	58						55
Equity earnings / (loss) in affiliates	$	133	137			—			$	(269	)	1
Net income	133		133			158			(269		)	155
Net income attributable to noncontrolling interests						(22		)				(22		)
Net income attributable to Crown Holdings	$	133	$	133		$	136		$	(269	)	$	133

Comprehensive income	$	148	$	148		$	172		$	(299	)	$	169
Comprehensive income attributable to noncontrolling interests						(21		)				(21		)
Comprehensive income attributable to Crown Holdings	$	148	$	148		$	151		$	(299	)	$	148

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2012

(in millions)



	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
Foreign exchange						(5		)				(5		)
Income/(loss) before income taxes			(24		)	232						208
Provision for / (benefit from) income taxes			(3		)	54						51
Equity earnings / (loss) 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

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2013

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	4,196					$	4,196
Cost of products sold, excluding depreciation and amortization			(16		)	3,474						3,458
Depreciation and amortization						64						64
Gross profit	—		16			658			—			674
Selling and administrative expense	—		1			205						206
Provision for restructuring						8						8
Loss from early extinguishment of debt						38						38
Net interest expense			51			67						118
Foreign exchange						2						2
Income/(loss) before income taxes			(36		)	338						302
Provision for / (benefit from) income taxes			(1		)	80						79
Equity earnings / (loss) in affiliates	$	174	209			—			$	(384	)	(1		)
Net income	174		174			258			(384		)	222
Net income attributable to noncontrolling interests						(48		)				(48		)
Net income attributable to Crown Holdings	$	174	$	174		$	210		$	(384	)	$	174

Comprehensive income	$	172	$	172		$	252		$	(380	)	$	216
Comprehensive income attributable to noncontrolling interests						(44		)				(44		)
Comprehensive income attributable to Crown Holdings	$	172	$	172		$	208		$	(380	)	$	172

CONDENSED CO\MBINING 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
Foreign exchange						(2		)				(2		)
Income/(loss) before income taxes			(50		)	380						330
Provision for / (benefit from) income taxes			(7		)	90						83
Equity earnings / (loss) 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 BALANCE SHEET

As of June 30, 2013

(in millions)



	Parent			Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	227				$	227
Receivables, net				$	9	1,293					1,302
Inventories						1,424					1,424
Prepaid expenses and other current assets	$	3		83		133					219
Total current assets	3			92		3,077					3,172

Intercompany debt receivables						1,963		$	(1,963	)
Investments	920			1,927				(2,847		)
Goodwill						1,944					1,944
Property, plant and equipment, net						2,018					2,018
Other non-current assets				502		233					735
Total	$	923		$	2,521	$	9,235	$	(4,810	)	$	7,869

Liabilities and equity
Current liabilities
Short-term debt						$	286				$	286
Current maturities of long-term debt						168					168
Accounts payable and accrued liabilities	$	11		$	26	2,140					2,177
Total current liabilities	11			26		2,594					2,631

Long-term debt, excluding current maturities				412		3,260					3,672
Long-term intercompany debt	1,073			890				$	(1,963	)
Postretirement and pension liabilities	—					990					990
Other non-current liabilities	—			273		178					451
Commitments and contingent liabilities
Noncontrolling interests						286					286
Crown Holdings shareholders’ equity/(deficit)	(161		)	920		1,927		(2,847		)	(161		)
Total equity/(deficit)	(161		)	920		2,213		(2,847		)	125
Total	$	923		$	2,521	$	9,235	$	(4,810	)	$	7,869

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2012

(in millions)



	Parent			Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents						$	350				$	350
Receivables, net						1,057					1,057
Inventories						1,166					1,166
Prepaid expenses and other current assets	$	1		$	83	93					177
Total current assets	1			83		2,666					2,750

Intercompany debt receivables						1,769		$	(1,769	)
Investments	749			1,768				(2,517		)
Goodwill						1,998					1,998
Property, plant and equipment, net						1,995					1,995
Other non-current assets				504		243					747
Total	$	750		$	2,355	$	8,671	$	(4,286	)	$	7,490

Liabilities and equity
Current liabilities
Short-term debt						$	261				$	261
Current maturities of long-term debt						115					115
Accounts payable and accrued liabilities	$	18		$	34	2,090					2,142
Total current liabilities	18			34		2,466					2,518

Long-term debt, excluding current maturities				412		2,877					3,289
Long-term intercompany debt	894			875				$	(1,769	)
Postretirement and pension liabilities						1,098					1,098
Other non-current liabilities				285		177					462
Commitments and contingent liabilities
Noncontrolling interests						285					285
Crown Holdings shareholders’ equity/(deficit)	(162		)	749		1,768		(2,517		)	(162		)
Total equity/(deficit)	(162		)	749		2,053		(2,517		)	123
Total	$	750		$	2,355	$	8,671	$	(4,286	)	$	7,490

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2013

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provide by/(used for) operating activities	$	2		$	(63	)	$	(190	)				$	(251	)
Cash flows from investing activities
Capital expenditures							(124		)				(124		)
Insurance proceeds							8						8
Change in restricted cash							(5		)				(5		)
Proceeds from sale of property, plant and equipment							5						5
Intercompany investing activities				47			—			$	(47	)	—
Net cash provided by/(used for) investing activities	—			47			(116		)	(47		)	(116		)
Cash flows from financing activities
Proceeds from long-term debt							1,040						1,040
Payments of long-term debt							(984		)				(984		)
Net change in revolving credit facility and short-term debt							423						423
Debt issue costs							(15		)				(15		)
Net change in long-term intercompany balances	179			16			(195		)				—
Common stock issued	13						—						13
Common stock repurchased	(194		)				—						(194		)
Dividends paid							(47		)	47
Purchase of noncontrollling interests				—			(10		)				(10		)
Dividend paid to noncontrolling interests							(35		)				(35		)
Other							11						11
Net cash provided by/(used for) financing activities	(2		)	16			188			47			249
Effect of exchange rate changes on cash and cash equivalents							(5		)				(5		)
Net change in cash and cash equivalents	—			—			(123		)	—			(123		)
Cash and cash equivalents at January 1	—			—			350			—			350
Cash and cash equivalents at June 30	$	—		$	—		$	227		$	—		$	227

ONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2012

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	1		$	(51	)	$	(166	)				$	(216	)
Cash flows from investing activities
Capital expenditures							(139		)				(139		)
Insurance proceeds							23						23
Change in restricted cash							(11		)				(11		)
Proceeds from sale of property, plant and equipment							2						2
Intercompany investing activities				43						$	(43	)	—
Other							(3		)				(3		)
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

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 $700 principal amount of 6.25% senior notes due 2021 and $1,000 principal amount of 4.5% senior notes due 2023, which are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and substantially all subsidiaries in the United States. The guarantors are wholly 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 and six months ended June 30, 2013 and 2012,


•	balance sheets as of June 30, 2013 and December 31, 2012, and


•	statements of cash flows for the six months ended June 30, 2013 and 2012

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 June 30, 2013

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	580		$	1,643					$	2,223
Cost of products sold, excluding depreciation and amortization			—			434			1,384						1,818
Depreciation and amortization						6			24						30
Gross profit						140			235						375
Selling and administrative expense			$	1		34			67						102
Provision for restructuring						—			4						4
Net interest expense			11			23			26						60
Technology royalty						(13		)	13
Income/(loss) before income taxes			(12		)	96			125						209
Provision for / (benefit from) income taxes			(5		)	39			21						55
Equity earnings / (loss) in affiliates	$	133	72			76			—			$	(280	)	1
Net income	133		65			133			104			(280		)	155
Net income attributable to noncontrolling interests									(22		)				(22		)
Net income attributable to Crown Holdings	$	133	$	65		$	133		$	82		$	(280	)	$	133

Comprehensive income	$	148	$	67		$	148		$	116		$	(310	)	$	169
Comprehensive income attributable to noncontrolling interests									(21		)				(21		)
Comprehensive income attributable to Crown Holdings	$	148	$	67		$	148		$	95		$	(310	)	$	148

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2012

(in millions)



	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
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 / (loss) 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

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2013

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,114		$	3,082					$	4,196
Cost of products sold, excluding depreciation and amortization			—			863			2,595						3,458
Depreciation and amortization						13			51						64
Gross profit						238			436						674
Selling and administrative expense			$	4		71			131						206
Provision for restructuring						4			4						8
Loss from early extinguishment of debt			37						1						38
Net interest expense			24			46			48						118
Technology royalty						(22		)	22
Foreign exchange									2						2
Income/(loss) before income taxes			(65		)	139			228						302
Provision for / (benefit from) income taxes			(25		)	67			37						79
Equity earnings / (loss) in affiliates	$	174	124			102						$	(401	)	(1		)
Net income	174		84			174			191			(401		)	222
Net income attributable to noncontrolling interests									(48		)				(48		)
Net income attributable to Crown Holdings	$	174	$	84		$	174		$	143		$	(401	)	$	174

Comprehensive income	$	172	$	91		$	172		$	178		$	(397	)	$	216
Comprehensive income attributable to noncontrolling interests									(44		)				(44		)
Comprehensive income attributable to Crown Holdings	$	172	$	91		$	172		$	134		$	(397	)	$	172

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
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 / (loss) 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 BALANCE SHEET

As of June 30, 2013

(in millions)



	Parent			Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents				$	21	—		$	206				$	227
Receivables, net				—		$	18	1,284					1,302
Intercompany receivables						41		20		$	(61	)
Inventories						328		1,096					1,424
Prepaid expenses and other current assets	$	3		1		95		120					219
Total current assets	3			22		482		2,726		(61		)	3,172

Intercompany debt receivables				1,673		1,720		14		(3,407		)
Investments	920			1,690		652				(3,262		)
Goodwill						453		1,491					1,944
Property, plant and equipment, net				1		306		1,711					2,018
Other non-current assets				30		495		210					735
Total	$	923		$	3,416	$	4,108	$	6,152	$	(6,730	)	$	7,869

Liabilities and equity
Current liabilities
Short-term debt								$	286				$	286
Current maturities of long-term debt				$	55	—		113					168
Accounts payable and accrued liabilities	$	11		50		$	373	1,743					2,177
Intercompany payables						20		41		$	(61	)
Total current liabilities	11			105		393		2,183		(61		)	2,631

Long-term debt, excluding current maturities				1,996		412		1,264					3,672
Long-term intercompany debt	1,073			510		1,582		242		(3,407		)
Postretirement and pension liabilities						526		464					990
Other non-current liabilities						275		176					451
Commitments and contingent liabilities
Noncontrolling interests								286					286
Crown Holdings shareholders’ equity/(deficit)	(161		)	805		920		1,537		(3,262		)	(161		)
Total equity/(deficit)	(161		)	805		920		1,823		(3,262		)	125
Total	$	923		$	3,416	$	4,108	$	6,152	$	(6,730	)	$	7,869

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2012

(in millions)



	Parent			Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents				$	27	$	1	$	322				$	350
Receivables, net				2		14		1,041					1,057
Intercompany receivables						7		17		$	(24	)
Inventories						282		884					1,166
Prepaid expenses and other current assets	$	1		1		92		83					177
Total current assets	1			30		396		2,347		(24		)	2,750

Intercompany debt receivables				1,530		1,483		279		(3,292		)
Investments	749			1,560		606				(2,915		)
Goodwill						453		1,545					1,998
Property, plant and equipment, net				1		308		1,686					1,995
Other non-current assets				26		529		192					747
Total	$	750		$	3,147	$	3,775	$	6,049	$	(6,231	)	$	7,490

Liabilities and equity
Current liabilities
Short-term debt								$	261				$	261
Current maturities of long-term debt				$	28	—		87					115
Accounts payable and accrued liabilities	$	18		33		$	317	1,774					2,142
Intercompany payables						17		7		$	(24	)
Total current liabilities	18			61		334		2,129		(24		)	2,518

Long-term debt, excluding current maturities				1,616		412		1,261					3,289
Long-term intercompany debt	894			756		1,447		195		(3,292		)	—
Postretirement and pension liabilities						545		553					1,098
Other non-current liabilities						288		174					462
Commitments and contingent liabilities
Noncontrolling interests								285					285
Crown Holdings shareholders’ equity/(deficit)	(162		)	714		749		1,452		(2,915		)	(162		)
Total equity/(deficit)	(162		)	714		749		1,737		(2,915		)	123
Total	$	750		$	3,147	$	3,775	$	6,049	$	(6,231	)	$	7,490

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2013

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net provided by/(used for) operating activities	$	2		$	(5	)	$	65		$	(313	)				$	(251	)
Cash flows from investing activities
Capital expenditures							(13		)	(111		)				(124		)
Insurance proceeds										8						8
Change in restricted cash										(5		)				(5		)
Proceeds from sale of property, plant and equipment							3			2						5
Intercompany investing activities				2			46						$	(48	)
Net cash provided by/(used for) investing activities				2			36			(106		)	(48		)	(116		)
Cash flows from financing activities
Proceeds from long-term debt				1,000						40						1,040
Payments of long-term debt				(729		)				(255		)				(984		)
Net change in revolving credit facility and short-term debt				130						293						423
Debt issue costs				(15		)				—						(15		)
Net change in long-term intercompany balances	179			(389		)	(102		)	312
Common stock issued	13															13
Common stock repurchased	(194		)													(194		)
Dividends paid										(48		)	48
Purchase of noncontrolling interests							—			(10		)				(10		)
Dividends paid to noncontrolling interests										(35		)				(35		)
Other										11						11
Net cash provided by/(used for) financing activities	(2		)	(3		)	(102		)	308			48			249
Effect of exchange rate changes on cash and cash equivalents										(5		)				(5		)
Net change in cash and cash equivalents	—			(6		)	(1		)	(116		)	—			(123		)
Cash and cash equivalents at January 1				27			1			322						350
Cash and cash equivalents at June 30	$	—		$	21		$	—		$	206		$	—		$	227

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2012

(in millions)



	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		)
Insurance Proceeds										23						23
Change in restricted cash				—			—			(11		)	—			(11		)
Proceeds from sale of property, plant and equipment							1			1						2
Intercompany investing activities				7			43			—			$	(50	)	—
Other							—			(3		)				(3		)
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