Crown Cork & Seal Company, Inc. (Issuer), a 100% owned subsidiary of the Company, has $350 principal amount of 7.375% senior notes due 2026 and $40 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 and the guarantees are made on a joint and several basis.

As discussed in Note C, the Company completed its acquisition of Signode on April 3, 2018. Signode is not a guarantor of the debt described above and is included in the Non-Guarantors column of the following financial statements.

The following condensed combining financial statements:

•statements of comprehensive income for the three and six months ended June 30, 2018 and 2017,

•balance sheets as of June 30, 2018 and December 31, 2017, and

•statements of cash flows for the six months ended June 30, 2018 and 2017

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, 2018

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net sales							$	3,046					$	3,046
Cost of products sold, excluding depreciation and amortization							2,466						2,466
Depreciation and amortization							113						113
Selling and administrative expense				$	3		156						159
Restructuring and other	$	9					7						16
Income from operations	(9		)	(3		)	304						292
Other pension and postretirement							(17		)				(17		)
Net interest expense				19			79						98
Foreign exchange							10						10
Income/(loss) before income taxes	(9		)	(22		)	232						201
Provision for / (benefit from) income taxes	(2		)	(5		)	62						55
Equity earnings / (loss) in affiliates	139			131			1			$	(270	)	1
Net income	132			114			171			(270		)	147
Net income attributable to noncontrolling interests							(15		)				(15		)
Net income attributable to Crown Holdings	$	132		$	114		$	156		$	(270	)	$	132

Total comprehensive income	$	16		$	115		$	52		$	(155	)	$	28
Comprehensive income attributable to noncontrolling interests							(12		)				(12		)
Comprehensive income attributable to Crown Holdings	$	16		$	115		$	40		$	(155	)	$	16

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2017

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,161					$	2,161
Cost of products sold, excluding depreciation and amortization						1,732						1,732
Depreciation and amortization						61						61
Selling and administrative expense			$	2		89						91
Restructuring and other			(1		)	19						18
Income from operations			(1		)	260						259
Other pension and postretirement						(12		)				(12		)
Loss from early extinguishment of debt						7						7
Net interest expense			26			32						58
Foreign exchange						5						5
Income/(loss) before income taxes			(27		)	228						201
Provision for / (benefit from) income taxes			(8		)	61						53
Equity earnings / (loss) in affiliates	$	128	130						$	(258	)	—
Net income	128		111			167			(258		)	148
Net income attributable to noncontrolling interests						(20		)				(20		)
Net income attributable to Crown Holdings	$	128	$	111		$	147		$	(258	)	$	128

Total comprehensive income	$	221	$	115		$	261		$	(355	)	$	242
Comprehensive income attributable to noncontrolling interests						(21		)				(21		)
Comprehensive income attributable to Crown Holdings	$	221	$	115		$	240		$	(355	)	$	221

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2018

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net sales							$	5,243					$	5,243
Cost of products sold, excluding depreciation and amortization							4,274						4,274
Depreciation and amortization							178						178
Selling and administrative expense				$	5		244						249
Restructuring and other	$	9					20						29
Income from operations	(9		)	(5		)	527						513
Other pension of postretirement							(34		)				(34		)
Net interest expense				38			128						166
Foreign exchange							28						28
Income/(loss) before income taxes	(9		)	(43		)	405						353
Provision for / (benefit from) income taxes	(2		)	(9		)	105						94
Equity earnings / (loss) in affiliates	229			226			1			$	(455	)	1
Net income	222			192			301			(455		)	260
Net income attributable to noncontrolling interests							(38		)				(38		)
Net income attributable to Crown Holdings	$	222		$	192		$	263		$	(455	)	$	222

Total comprehensive income	$	166		$	162		$	243		$	(369	)	$	202
Comprehensive income attributable to noncontrolling interests							(36		)				(36		)
Comprehensive income attributable to Crown Holdings	$	166		$	162		$	207		$	(369	)	$	166

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2017

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	4,062					$	4,062
Cost of products sold, excluding depreciation and amortization						3,263						3,263
Depreciation and amortization						120						120
Selling and administrative expense			$	4		177						181
Restructuring and other			(1		)	15						14
Income from operations			(3		)	487						484
Other pension and postretirement						(24		)				(24		)
Loss from early extinguishment of debt						7						7
Net interest expense			46			71						117
Foreign exchange						4						4
Income/(loss) before income taxes			(49		)	429						380
Provision for / (benefit from) income taxes			(18		)	117						99
Equity earnings / (loss) in affiliates	$	235	229						$	(464	)	—
Net income	235		198			312			(464		)	281
Net income attributable to noncontrolling interests						(46		)				(46		)
Net income attributable to Crown Holdings	$	235	$	198		$	266		$	(464	)	$	235

Total comprehensive Income	$	467	$	245		$	546		$	(743	)	$	515
Comprehensive income attributable to noncontrolling interests						(48		)				(48		)
Comprehensive income attributable to Crown Holdings	$	467	$	245		$	498		$	(743	)	$	467

CONDENSED COMBINING BALANCE SHEET

As of June 30, 2018

(in millions)



	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	298				$	298
Receivables, net			$	9	1,781					1,790
Inventories					1,737					1,737
Prepaid expenses and other current assets	$	2			328					330
Total current assets	2		9		4,144					4,155

Intercompany debt receivables					3,556		$	(3,556	)	—
Investments	3,320		3,649				(6,969		)	—
Goodwill					4,443					4,443
Intangible assets, net					2,298					2,298
Property, plant and equipment, net					3,688					3,688
Other non-current assets			163		613					776
Total	$	3,322	$	3,821	$	18,742	$	(10,525	)	$	15,360

Liabilities and equity
Current liabilities
Short-term debt					$	31				$	31
Current maturities of long-term debt					84					84
Accounts payable					2,452					2,452
Accrued liabilities	$	14	$	32	916					962
Total current liabilities	14		32		3,483					3,529

Long-term debt, excluding current maturities			387		8,849					9,236
Long-term intercompany debt	2,524		1,032				$	(3,556	)	—
Postretirement and pension liabilities					614					614
Other non-current liabilities			332		512					844
Commitments and contingent liabilities
Noncontrolling interests					353					353
Crown Holdings shareholders’ equity/(deficit)	784		2,038		4,931		(6,969		)	784
Total equity/(deficit)	784		2,038		5,284		(6,969		)	1,137
Total	$	3,322	$	3,821	$	18,742	$	(10,525	)	$	15,360

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2017

(in millions)



	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	424				$	424
Receivables, net			$	9	1,032					1,041
Inventories					1,385					1,385
Prepaid expenses and other current assets					224					224
Total current assets	—		9		3,065					3,074

Intercompany debt receivables					3,604		$	(3,604	)	—
Investments	$	3,120	$	3,448			(6,568		)	—
Goodwill					3,046					3,046
Intangible assets, net					472					472
Property, plant and equipment, net					3,239					3,239
Other non-current assets			283		549					832
Total	$	3,120	$	3,740	$	13,975	$	(10,172	)	$	10,663

Liabilities and equity
Current liabilities
Short-term debt					$	62				$	62
Current maturities of long-term debt					64					64
Accounts payable					2,367					2,367
Accrued liabilities	$	22	$	41	694					757
Total current liabilities	22		41		3,187					3,250

Long-term debt, excluding current maturities			387		4,830					5,217
Long-term intercompany debt	2,497		1,107				$	(3,604	)	—
Postretirement and pension liabilities					588					588
Other non-current liabilities			336		349					685
Commitments and contingent liabilities
Noncontrolling interests					322					322
Crown Holdings shareholders’ equity/(deficit)	601		1,869		4,699		(6,568		)	601
Total equity/(deficit)	601		1,869		5,021		(6,568		)	923
Total	$	3,120	$	3,740	$	13,975	$	(10,172	)	$	10,663

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2018

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(24	)	$	(44	)	$	(423	)	$	(1	)	$	(492	)
Cash flows from investing activities
Capital expenditures							(200		)				(200		)
Beneficial interests in transferred receivables							335						335
Acquisition of businesses, net of cash acquired							(3,907		)				(3,907		)
Proceeds from sale of property, plant and equipment							5						5
Other							(25		)				(25		)
Net cash provided by/(used for) investing activities	—						(3,792		)	—			(3,792		)
Cash flows from financing activities
Proceeds from long-term debt							4,082						4,082
Payments of long-term debt							(37		)				(37		)
Net change in revolving credit facility and short-term debt							201						201
Net change in long-term intercompany balances	27			44			(71		)				—
Debt issue costs							(70		)				(70		)
Common stock issued	1												1
Common stock repurchased	(4		)										(4		)
Dividends paid							(1		)	1			—
Dividend paid to noncontrolling interests							(6		)				(6		)
Foreign exchange derivatives related to debt							(5		)				(5		)
Net cash provided by/(used for) financing activities	24			44			4,093			1			4,162
Effect of exchange rate changes on cash, cash equivalents and restricted cash							(6		)				(6		)
Net change in cash, cash equivalents and restricted cash	—			—			(128		)	—			(128		)
Cash, cash equivalents and restricted cash at January 1							435						435
Cash, cash equivalents and restricted cash at June 30	$	—		$	—		$	307		$	—		$	307

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2017

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(13	)	$	(41	)	$	(413	)	$	(8	)	$	(475	)
Cash flows from investing activities
Capital expenditures							(200		)				(200		)
Beneficial interests in transferred receivables							507						507
Proceeds from sale of property, plant and equipment							5						5
Intercompany investing activities	235									(235		)	—
Net cash provided by/(used for) investing activities	235						312			(235		)	312
Cash flows from financing activities
Proceeds from long-term debt							1,053						1,053
Payments of long-term debt							(1,103		)				(1,103		)
Net change in revolving credit facility and short-term debt							249						249
Net change in long-term intercompany balances	47			41			(88		)				—
Debt issue costs							(15		)				(15		)
Common stock issued	8												8
Common stock repurchased	(277		)										(277		)
Dividends paid							(243		)	243			—
Dividend paid to noncontrolling interests							(37		)				(37		)
Foreign exchange derivatives related to debt							11						11
Net cash provided by/(used for) financing activities	(222		)	41			(173		)	243			(111		)
Effect of exchange rate changes on cash, cash equivalents and restricted cash							11						11
Net change in cash, cash equivalents and restricted cash	—			—			(263		)	—			(263		)
Cash, cash equivalents and restricted cash at January 1							576						576
Cash, cash equivalents and restricted cash at June 30	$	—		$	—		$	313		$	—		$	313

Crown Americas, LLC, Crown Americas Capital Corp. IV, Crown Americas Capital Corp. V and Crown Americas Capital Corp. VI (collectively, the Issuer), 100% owned subsidiaries of the Company, have outstanding $1,000 principal amount of 4.5% senior notes due 2023, $400 principal amount of 4.25% senior notes due 2026, and $875 principal amount of 4.75% senior notes due 2026, which are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and substantially all of its subsidiaries in the United States. The guarantors are 100% owned by the Company and the guarantees are made on a joint and several basis.

As discussed in Note C, the Company completed its acquisition of Signode on April 3, 2018. Signode's operating subsidiaries in the United States are guarantors of the debt described above and are included in the Guarantors column of the following financial statements.

The following condensed combining financial statements:


•	statements of comprehensive income for the three and six months ended June 30, 2018 and 2017,


•	balance sheets as of June 30, 2018 and December 31, 2017, and


•	statements of cash flows for the six months ended June 30, 2018 and 2017

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, 2018

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales							$	975		$	2,224		(153		)	$	3,046
Cost of products sold, excluding depreciation and amortization							834			1,785			(153		)	2,466
Depreciation and amortization							32			81						113
Selling and administrative expense				$	3		63			93						159
Restructuring and other	$	9					3			4						16
Income from operations	(9		)	(3		)	43			261						292
Other pension and postretirement							(6		)	(11		)				(17		)
Net interest expense				22			33			43						98
Technology royalty							(12		)	12						—
Foreign exchange				(49		)				11			$	48		10
Income/(loss) before income taxes	(9		)	24			28			206			(48		)	201
Provision for / (benefit from) income taxes	(2		)	6			8			54			(11		)	55
Equity earnings / (loss) in affiliates	139			46			94						(278		)	1
Net income	132			64			114			152			(315		)	147
Net income attributable to noncontrolling interests										(15		)				(15		)
Net income attributable to Crown Holdings	$	132		$	64		$	114		$	137		$	(315	)	$	132

Total comprehensive income	$	16		$	69		$	115		$	(9	)	$	(163	)	$	28
Comprehensive income attributable to noncontrolling interests										(12		)				(12		)
Comprehensive income attributable to Crown Holdings	$	16		$	69		$	115		$	(21	)	$	(163	)	$	16

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2017

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	583		$	1,661		(83		)	$	2,161
Cost of products sold, excluding depreciation and amortization						501			1,314			(83		)	1,732
Depreciation and amortization						10			51						61
Selling and administrative expense			$	3		35			53						91
Restructuring and other						1			17						18
Income from operations			(3		)	36			226						259
Other pension and postretirement						(10		)	(2		)				(12		)
Loss from early extinguishment of debt			6						1						7
Net interest expense			16			23			19						58
Technology royalty						(9		)	9						—
Foreign exchange			45			(1		)	6			$	(45	)	5
Income/(loss) before income taxes			(70		)	33			193			45			201
Provision for / (benefit from) income taxes			(27		)	12			53			15			53
Equity earnings / (loss) in affiliates	$	128	51			90						(269		)	—
Net income	128		8			111			140			(239		)	148
Net income attributable to noncontrolling interests									(20		)				(20		)
Net income attributable to Crown Holdings	$	128	$	8		$	111		$	120		$	(239	)	$	128

Total comprehensive income	$	221	$	11		$	115		$	271		$	(376	)	$	242
Comprehensive income attributable to noncontrolling interests									(21		)				(21		)
Comprehensive income attributable to Crown Holdings	$	221	$	11		$	115		$	250		$	(376	)	$	221

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2018

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales							$	1,577		$	3,916		(250		)	5,243
Cost of products sold, excluding depreciation and amortization							1,354			3,170			(250		)	4,274
Depreciation and amortization							43			135						178
Selling and administrative expense				$	5		96			148						249
Restructuring and other	$	9		3			5			12						29
Income from operations	(9		)	(8		)	79			451						513
Other pension and postretirement							(11		)	(23		)				(34		)
Net interest expense				45			54			67						166
Technology royalty							(23		)	23						—
Foreign exchange				7			(1		)	30			$	(8	)	28
Income/(loss) before income taxes	(9		)	(60		)	60			354			8			353
Provision for / (benefit from) income taxes	(2		)	(14		)	17			91			2			94
Equity earnings / (loss) in affiliates	229			102			149						(479		)	1
Net income	222			56			192			263			(473		)	260
Net income attributable to noncontrolling interests										(38		)				(38		)
Net income attributable to Crown Holdings	222			56			192			225			(473		)	222

Total comprehensive Income	$	166		$	62		$	162		$	205		$	(393	)	$	202
Comprehensive income attributable to noncontrolling interests										(36		)				(36		)
Comprehensive income attributable to Crown Holdings	$	166		$	62		$	162		$	169		$	(393	)	$	166

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the six months ended June 30, 2017

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,132		$	3,127		(197		)	$	4,062
Cost of products sold, excluding depreciation and amortization						976			2,484			(197		)	3,263
Depreciation and amortization						20			100						120
Selling and administrative expense			$	5		68			108						181
Restructuring and other						2			12						14
Income from operations			(5		)	66			423						484
Other pension and postretirement						(20		)	(4		)				(24		)
Loss from early extinguishment of debt			6						1						7
Net interest expense			33			44			40						117
Technology royalty						(18		)	18						—
Foreign exchange			55			(1		)	5			$	(55	)	4
Income/(loss) before income taxes			(99		)	61			363			55			380
Provision for / (benefit from) income taxes			(38		)	20			98			19			99
Equity earnings / (loss) in affiliates	$	235	100			157						(492		)	—
Net income	235		39			198			265			(456		)	281
Net income attributable to noncontrolling interests									(46		)				(46		)
Net income attributable to Crown Holdings	$	235	$	39		$	198		$	219		$	(456	)	$	235

Total comprehensive income	$	467	$	46		$	245		$	542		$	(785	)	$	515
Comprehensive income attributable to noncontrolling interests									(48		)				(48		)
Comprehensive income attributable to Crown Holdings	$	467	$	46		$	245		$	494		$	(785	)	$	467

CONDENSED COMBINING BALANCE SHEET

As of June 30, 2018

(in millions)



	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	18	$	1	$	279				$	298
Receivables, net			9		195		1,586					1,790
Intercompany receivables					45		21		$	(66	)	—
Inventories					461		1,276					1,737
Prepaid expenses and other current assets	$	2	1		19		308					330
Total current assets	2		28		721		3,470		(66		)	4,155

Intercompany debt receivables			2,802		3,765		65		(6,632		)	—
Investments	3,320		2,667		480				(6,467		)	—
Goodwill					1,179		3,264					4,443
Intangible assets, net					938		1,360					2,298
Property, plant and equipment, net			1		711		2,976					3,688
Other non-current assets			26		207		543					776
Total	$	3,322	$	5,524	$	8,001	$	11,678	$	(13,165	)	$	15,360

Liabilities and equity
Current liabilities
Short-term debt							$	31				$	31
Current maturities of long-term debt			$	27	$	14	43					84
Accounts payable			48		630		1,774					2,452
Accrued liabilities	$	14			200		748					962
Intercompany payables					21		45		$	(66	)	—
Total current liabilities	14		75		865		2,641		(66		)	3,529

Long-term debt, excluding current maturities			3,177		1,544		4,515					9,236
Long-term intercompany debt	2,524		717		2,867		524		(6,632		)	—
Postretirement and pension liabilities					349		265					614
Other non-current liabilities					338		506					844
Commitments and contingent liabilities
Noncontrolling interests							353					353
Crown Holdings shareholders’ equity/(deficit)	784		1,555		2,038		2,874		(6,467		)	784
Total equity/(deficit)	784		1,555		2,038		3,227		(6,467		)	1,137
Total	$	3,322	$	5,524	$	8,001	$	11,678	$	(13,165	)	$	15,360

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2017

(in millions)



	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	36	$	3	$	385				$	424
Receivables, net					29		1,012					1,041
Intercompany receivables					32		13		$	(45	)	—
Inventories					347		1,038					1,385
Prepaid expenses and other current assets			2		17		205					224
Total current assets	—		38		428		2,653		(45		)	3,074

Intercompany debt receivables			2,523		3,325		732		(6,580		)	—
Investments	$	3,120	2,479		1,032				(6,631		)	—
Goodwill					453		2,593					3,046
Intangible assets, net					13		459					472
Property, plant and equipment, net			1		515		2,723					3,239
Other non-current assets			11		311		510					832
Total	$	3,120	$	5,052	$	6,077	$	9,670	$	(13,256	)	$	10,663

Liabilities and equity
Current liabilities
Short-term debt							$	62				$	62
Current maturities of long-term debt			$	23	$	3	38					64
Accounts payable					547		1,820					2,367
Accrued liabilities	$	22	31		72		632					757
Intercompany payables					13		32		$	(45	)	—
Total current liabilities	22		54		635		2,584		(45		)	3,250

Long-term debt, excluding current maturities			2,094		408		2,715					5,217
Long-term intercompany debt	2,497		1,411		2,454		218		(6,580		)	—
Postretirement and pension liabilities					373		215					588
Other non-current liabilities					338		347					685
Commitments and contingent liabilities
Noncontrolling interests							322					322
Crown Holdings shareholders’ equity/(deficit)	601		1,493		1,869		3,269		(6,631		)	601
Total equity/(deficit)	601		1,493		1,869		3,591		(6,631		)	923
Total	$	3,120	$	5,052	$	6,077	$	9,670	$	(13,256	)	$	10,663

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2018

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(24	)	$	(45	)	$	32		$	(454	)	$	(1	)	$	(492	)
Cash flows from investing activities
Capital expenditures							(36		)	(164		)				(200		)
Beneficial interests in transferred receivables										335						335
Acquisition of businesses, net of cash acquired										(3,907		)				(3,907		)
Proceeds from sale of property, plant and equipment										5						5
Intercompany investing activities				(80		)							80			—
Other										(25		)				(25		)
Net cash provided by/(used for) investing activities	—			(80		)	(36		)	(3,756		)	80			(3,792		)
Cash flows from financing activities
Proceeds from long-term debt				975			1,150			1,957						4,082
Payments of long-term debt				(15		)	(1		)	(21		)				(37		)
Net change in revolving credit facility and short-term debt				160						41						201
Net change in long-term intercompany balances	27			(973		)	(1,147		)	2,093						—
Debt issue costs				(40		)				(30		)				(70		)
Common stock issued	1															1
Common stock repurchased	(4		)													(4		)
Capital contribution										80			(80		)	—
Dividends paid										(1		)	1			—
Dividends paid to noncontrolling interests										(6		)				(6		)
Foreign exchange derivatives related to debt										(5		)				(5		)
Net cash provided by/(used for) financing activities	24			107			2			4,108			(79		)	4,162
Effect of exchange rate changes on cash, cash equivalents and restricted cash										(6		)				(6		)
Net change in cash, cash equivalents and restricted cash	—			(18		)	(2		)	(108		)	—			(128		)
Cash, cash equivalents and restricted cash at January 1				36			3			396						435
Cash, cash equivalents and restricted cash at June 30	$	—		$	18		$	1		$	288		$	—		$	307

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2017

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(13	)	$	(28	)	$	(23	)	$	(383	)	$	(28	)	$	(475	)
Cash flows from investing activities
Capital expenditures							(78		)	(122		)				(200		)
Beneficial interests in transferred receivables										507						507
Proceeds from sale of property, plant and equipment							1			4						5
Intercompany investing activities	235												(235		)	—
Other										—						—
Net cash provided by/(used for) investing activities	235			—			(77		)	389			(235		)	312
Cash flows from financing activities
Proceeds from long-term debt				750			8			295						1,053
Payments of long-term debt				(1,010		)				(93		)				(1,103		)
Net change in revolving credit facility and short-term debt				235						14						249
Net change in long-term intercompany balances	47			22			94			(163		)				—
Debt issue costs				(14		)				(1		)				(15		)
Common stock issued	8															8
Common stock repurchased	(277		)													(277		)
Dividends paid										(263		)	263			—
Dividends paid to noncontrolling interests										(37		)				(37		)
Foreign exchange derivatives related to debt										11						11
Net cash provided by/(used for) financing activities	(222		)	(17		)	102			(237		)	263			(111		)
Effect of exchange rate changes on cash, cash equivalents and restricted cash										11						11
Net change in cash, cash equivalents and restricted cash	—			(45		)	2			(220		)	—			(263		)
Cash, cash equivalents and restricted cash at January 1				83						493						576
Cash, cash equivalents and restricted cash at June 30	$	—		$	38		$	2		$	273		$	—		$	313