XML 97 R87.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Combining Financial Information - Condensed Combining Statement of Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 3,046 $ 2,161 $ 5,243 $ 4,062
Cost of products sold, excluding depreciation and amortization 2,466 1,732 4,274 3,263
Depreciation and amortization 113 61 178 120
Selling and administrative expense 159 91 249 181
Restructuring and other 16 18 29 14
Income from operations 292 259 513 484
Other pension and postretirement (17) (12) (34) (24)
Loss from early extinguishment of debt 0 7 0 7
Foreign exchange 10 5 28 4
Income before income taxes 201 201 353 380
Provision for / (benefit from) income taxes 55 53 94 99
Equity earnings / (loss) in affiliates 1 0 1 0
Net income 147 148 260 281
Net income attributable to noncontrolling interests (15) (20) (38) (46)
Net income attributable to Crown Holdings 132 128 222 235
Total comprehensive income 28 242 202 515
Comprehensive income attributable to Crown Holdings 16 221 166 467
Restructuring 3 2 6 4
Crown Americas, LLC        
Net sales 3,046 2,161 5,243 4,062
Cost of products sold, excluding depreciation and amortization 2,466 1,732 4,274 3,263
Depreciation and amortization 113 61 178 120
Selling and administrative expense 159 91 249 181
Restructuring and other 16 18 29 14
Income from operations 292 259 513 484
Other pension and postretirement (17) (12) (34) (24)
Loss from early extinguishment of debt   7   7
Net interest expense 98 58 166 117
Technology royalty     0 0
Foreign exchange 10 5 28 4
Income before income taxes 201 201 353 380
Provision for / (benefit from) income taxes 55 53 94 99
Equity earnings / (loss) in affiliates 1 0 1 0
Net income 147 148 260 281
Net income attributable to noncontrolling interests (15) (20) (38) (46)
Net income attributable to Crown Holdings 132 128 222 235
Total comprehensive income 28 242 202 515
Comprehensive income attributable to noncontrolling interests (12) (21) (36) (48)
Comprehensive income attributable to Crown Holdings 16 221 166 467
Crown Americas, LLC | Parent        
Net sales    
Cost of products sold, excluding depreciation and amortization    
Depreciation and amortization    
Selling and administrative expense    
Restructuring and other 9 9  
Income from operations (9)   (9)  
Other pension and postretirement    
Net interest expense    
Technology royalty    
Foreign exchange    
Income before income taxes (9)   (9)  
Provision for / (benefit from) income taxes (2) (2)
Equity earnings / (loss) in affiliates 139 128 229 235
Net income 132 128 222 235
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings 132 128 222 235
Total comprehensive income 16 221 166 467
Comprehensive income attributable to noncontrolling interests  
Comprehensive income attributable to Crown Holdings 16 221 166 467
Crown Americas, LLC | Issuer        
Net sales    
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization    
Selling and administrative expense 3 3 5 5
Restructuring and other 3
Income from operations (3) (3) (8) (5)
Other pension and postretirement    
Loss from early extinguishment of debt   6   6
Net interest expense 22 16 45 33
Technology royalty  
Foreign exchange (49) 45 7 55
Income before income taxes 24 (70) (60) (99)
Provision for / (benefit from) income taxes 6 (27) (14) (38)
Equity earnings / (loss) in affiliates 46 51 102 100
Net income 64 8 56 39
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings 64 8 56 39
Total comprehensive income 69 11 62 46
Comprehensive income attributable to noncontrolling interests    
Comprehensive income attributable to Crown Holdings 69 11 62 46
Crown Americas, LLC | Guarantors        
Net sales 975 583 1,577 1,132
Cost of products sold, excluding depreciation and amortization 834 501 1,354 976
Depreciation and amortization 32 10 43 20
Selling and administrative expense 63 35 96 68
Restructuring and other 3 1 5 2
Income from operations 43 36 79 66
Other pension and postretirement (6) (10) (11) (20)
Loss from early extinguishment of debt      
Net interest expense 33 23 54 44
Technology royalty (12) (9) (23) (18)
Foreign exchange (1) (1) (1)
Income before income taxes 28 33 60 61
Provision for / (benefit from) income taxes 8 12 17 20
Equity earnings / (loss) in affiliates 94 90 149 157
Net income 114 111 192 198
Net income attributable to noncontrolling interests  
Net income attributable to Crown Holdings 114 111 192 198
Total comprehensive income 115 115 162 245
Comprehensive income attributable to noncontrolling interests  
Comprehensive income attributable to Crown Holdings 115 115 162 245
Crown Americas, LLC | Non- Guarantors        
Net sales 2,224 1,661 3,916 3,127
Cost of products sold, excluding depreciation and amortization 1,785 1,314 3,170 2,484
Depreciation and amortization 81 51 135 100
Selling and administrative expense 93 53 148 108
Restructuring and other 4 17 12 12
Income from operations 261 226 451 423
Other pension and postretirement (11) (2) (23) (4)
Loss from early extinguishment of debt   1   1
Net interest expense 43 19 67 40
Technology royalty 12 9 23 18
Foreign exchange 11 6 30 5
Income before income taxes 206 193 354 363
Provision for / (benefit from) income taxes 54 53 91 98
Equity earnings / (loss) in affiliates
Net income 152 140 263 265
Net income attributable to noncontrolling interests (15) (20) (38) (46)
Net income attributable to Crown Holdings 137 120 225 219
Total comprehensive income (9) 271 205 542
Comprehensive income attributable to noncontrolling interests (12) (21) (36) (48)
Comprehensive income attributable to Crown Holdings (21) 250 169 494
Crown Cork & Seal Company Inc.        
Net sales 3,046 2,161 5,243 4,062
Cost of products sold, excluding depreciation and amortization 2,466 1,732 4,274 3,263
Depreciation and amortization 113 61 178 120
Selling and administrative expense 159 91 249 181
Restructuring and other 16 18 29 14
Income from operations 292 259 513 484
Other pension and postretirement (17) (12) (34) (24)
Loss from early extinguishment of debt   7   7
Net interest expense 98 58 166 117
Foreign exchange 10 5 28 4
Income before income taxes 201 201 353 380
Provision for / (benefit from) income taxes 55 53 94 99
Equity earnings / (loss) in affiliates 1 0 1 0
Net income 147 148 260 281
Net income attributable to noncontrolling interests (15) (20) (38) (46)
Net income attributable to Crown Holdings 132 128 222 235
Total comprehensive income 28 242 202 515
Comprehensive income attributable to noncontrolling interests (12) (21) (36) (48)
Comprehensive income attributable to Crown Holdings 16 221 166 467
Crown Cork & Seal Company Inc. | Parent        
Net sales    
Cost of products sold, excluding depreciation and amortization    
Depreciation and amortization    
Selling and administrative expense  
Restructuring and other 9 9  
Income from operations (9)   (9)  
Other pension and postretirement    
Net interest expense    
Foreign exchange    
Income before income taxes (9)   (9)  
Provision for / (benefit from) income taxes (2) (2)  
Equity earnings / (loss) in affiliates 139 128 229 235
Net income 132 128 222 235
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings 132 128 222 235
Total comprehensive income 16 221 166 467
Comprehensive income attributable to noncontrolling interests    
Comprehensive income attributable to Crown Holdings 16 221 166 467
Crown Cork & Seal Company Inc. | Issuer        
Net sales    
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization    
Selling and administrative expense 3 2 5 4
Restructuring and other (1) (1)
Income from operations (3) (1) (5) (3)
Other pension and postretirement    
Loss from early extinguishment of debt      
Net interest expense 19 26 38 46
Foreign exchange    
Income before income taxes (22) (27) (43) (49)
Provision for / (benefit from) income taxes (5) (8) (9) (18)
Equity earnings / (loss) in affiliates 131 130 226 229
Net income 114 111 192 198
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings 114 111 192 198
Total comprehensive income 115 115 162 245
Comprehensive income attributable to noncontrolling interests    
Comprehensive income attributable to Crown Holdings 115 115 162 245
Crown Cork & Seal Company Inc. | Non- Guarantors        
Net sales 3,046 2,161 5,243 4,062
Cost of products sold, excluding depreciation and amortization 2,466 1,732 4,274 3,263
Depreciation and amortization 113 61 178 120
Selling and administrative expense 156 89 244 177
Restructuring and other 7 19 20 15
Income from operations 304 260 527 487
Other pension and postretirement (17) (12) (34) (24)
Loss from early extinguishment of debt   7   7
Net interest expense 79 32 128 71
Foreign exchange 10 5 28 4
Income before income taxes 232 228 405 429
Provision for / (benefit from) income taxes 62 61 105 117
Equity earnings / (loss) in affiliates 1 1
Net income 171 167 301 312
Net income attributable to noncontrolling interests (15) (20) (38) (46)
Net income attributable to Crown Holdings 156 147 263 266
Total comprehensive income 52 261 243 546
Comprehensive income attributable to noncontrolling interests (12) (21) (36) (48)
Comprehensive income attributable to Crown Holdings 40 240 207 498
Eliminations | Crown Americas, LLC        
Net sales (153) (83) (250) (197)
Cost of products sold, excluding depreciation and amortization (153) (83) (250) (197)
Depreciation and amortization    
Selling and administrative expense    
Restructuring and other    
Other pension and postretirement    
Net interest expense    
Technology royalty    
Foreign exchange 48 (45) (8) (55)
Income before income taxes (48) 45 8 55
Provision for / (benefit from) income taxes (11) 15 2 19
Equity earnings / (loss) in affiliates (278) (269) (479) (492)
Net income (315) (239) (473) (456)
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings (315) (239) (473) (456)
Total comprehensive income (163) (376) (393) (785)
Comprehensive income attributable to noncontrolling interests  
Comprehensive income attributable to Crown Holdings (163) (376) (393) (785)
Eliminations | Crown Cork & Seal Company Inc.        
Net sales    
Cost of products sold, excluding depreciation and amortization    
Depreciation and amortization    
Selling and administrative expense    
Restructuring and other  
Other pension and postretirement    
Net interest expense    
Foreign exchange    
Income before income taxes      
Provision for / (benefit from) income taxes    
Equity earnings / (loss) in affiliates (270) (258) (455) (464)
Net income (270) (258) (455) (464)
Net income attributable to noncontrolling interests    
Net income attributable to Crown Holdings (270) (258) (455) (464)
Total comprehensive income (155) (355) (369) (743)
Comprehensive income attributable to noncontrolling interests    
Comprehensive income attributable to Crown Holdings $ (155) (355) $ (369) $ (743)
Issuer [Member] | Crown Cork & Seal Company Inc.        
Loss from early extinguishment of debt