Condensed Combining Financial Information (Tables)

6 Months Ended

Jun. 30, 2019

Crown Cork & Seal Company Inc.

Condensed Combining Statement of Comprehensive Income

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2019

(in millions)

	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	3,035					$	3,035
Cost of products sold, excluding depreciation and amortization						2,417						2,417
Depreciation and amortization						123						123
Selling and administrative expense						157						157
Restructuring and other						(45		)				(45		)
Income from operations	—		—			383						383
Other pension and postretirement			$	2		27						29
Net interest expense			19			74						93
Foreign exchange						1						1
Income/(loss) before income taxes	—		(21		)	281						260
Provision for / (benefit from) income taxes			(6		)	94						88
Equity earnings / (loss) in affiliates	$	137	129			2			$	(266	)	2
Net income	137		114			189			(266		)	174
Net income attributable to noncontrolling interests						(37		)				(37		)
Net income attributable to Crown Holdings	$	137	$	114		$	152		$	(266	)	$	137
Total comprehensive income	$	152	$	109		$	204		$	(276	)	$	189
Comprehensive income attributable to noncontrolling interests						(37		)				(37		)
Comprehensive income attributable to Crown Holdings	$	152	$	109		$	167		$	(276	)	$	152

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 six months ended June 30, 2019

(in millions)

	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	5,790					$	5,790
Cost of products sold, excluding depreciation and amortization						4,627						4,627
Depreciation and amortization						245						245
Selling and administrative expense			$	1		313						314
Restructuring and other						(41		)				(41		)
Income from operations	—		(1		)	646						645
Loss from early extinguishments of debt						6						6
Other pension and postretirement			4			7						11
Net interest expense			37			151						188
Foreign exchange						2						2
Income/(loss) before income taxes	—		(42		)	480						438
Provision for / (benefit from) income taxes			(10		)	146						136
Equity earnings / (loss) in affiliates	$	240	233			3			$	(473	)	3
Net income	240		201			337			(473		)	305
Net income attributable to noncontrolling interests						(65		)				(65		)
Net income attributable to Crown Holdings	$	240	$	201		$	272		$	(473	)	$	240
Total comprehensive income	$	340	$	279		$	437		$	(651	)	$	405
Comprehensive income attributable to noncontrolling interests						(65		)				(65		)
Comprehensive income attributable to Crown Holdings	$	340	$	279		$	372		$	(651	)	$	340

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 and 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 Balance Sheet

CONDENSED COMBINING BALANCE SHEET

As of June 30, 2019

(in millions)

	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	342				$	342
Receivables, net			$	9	1,821					1,830
Inventories					1,837					1,837
Prepaid expenses and other current assets	$	1			204					205
Total current assets	1		9		4,204					4,214
Intercompany debt receivables					3,544		$	(3,544	)	—
Investments	3,799		4,072				(7,871		)	—
Goodwill					4,448					4,448
Intangible assets, net					2,106					2,106
Property, plant and equipment, net					3,761					3,761
Operating lease right-of-use assets, net					209					209
Other non-current assets			125		702					827
Total	$	3,800	$	4,206	$	18,974	$	(11,415	)	$	15,565
Liabilities and equity
Current liabilities
Short-term debt					$	135				$	135
Current maturities of long-term debt					88					88
Current portion of operating lease liabilities					47					47
Accounts payable					2,355					2,355
Accrued liabilities	$	11	$	33	939					983
Total current liabilities	11		33		3,564					3,608
Long-term debt, excluding current maturities			388		8,161					8,549
Long-term intercompany debt	2,495		1,049				$	(3,544	)	—
Non-current portion of operating lease liabilities					165					165
Postretirement and pension liabilities					663					663
Other non-current liabilities			323		557					880
Commitments and contingent liabilities
Noncontrolling interests					406					406
Crown Holdings shareholders’ equity/(deficit)	1,294		2,413		5,458		(7,871		)	1,294
Total equity/(deficit)	1,294		2,413		5,864		(7,871		)	1,700
Total	$	3,800	$	4,206	$	18,974	$	(11,415	)	$	15,565

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2018

(in millions)

	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	607				$	607
Receivables, net			$	9	1,593					1,602
Inventories					1,690					1,690
Prepaid expenses and other current assets	$	1	1		178					180
Total current assets	1		10		4,068					4,079
Intercompany debt receivables					3,561		$	(3,561	)	—
Investments	3,458		3,764				(7,222		)	—
Goodwill					4,442					4,442
Intangible assets, net					2,193					2,193
Property, plant and equipment, net					3,745					3,745
Other non-current assets			156		647					803
Total	$	3,459	$	3,930	$	18,656	$	(10,783	)	$	15,262
Liabilities and equity
Current liabilities
Short-term debt					$	89				$	89
Current maturities of long-term debt					81					81
Accounts payable					2,732					2,732
Accrued liabilities	$	14	$	30	967					1,011
Total current liabilities	14		30		3,869					3,913
Long-term debt, excluding current maturities			388		8,105					8,493
Long-term intercompany debt	2,508		1,053				$	(3,561	)	—
Postretirement and pension liabilities					683					683
Other non-current liabilities			325		562					887
Commitments and contingent liabilities
Noncontrolling interests					349					349
Crown Holdings shareholders’ equity/(deficit)	937		2,134		5,088		(7,222		)	937
Total equity/(deficit)	937		2,134		5,437		(7,222		)	1,286
Total	$	3,459	$	3,930	$	18,656	$	(10,783	)	$	15,262

Condensed Combining Statement of Cash Flows

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2019

(in millions)

	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	12		$	4		$	(239	)	$	(4	)	$	(227	)
Cash flows from investing activities
Capital expenditures							(154		)				(154		)
Proceeds from sale of property, plant and equipment							11						11
Net investment hedge							6						6
Net cash provided by/(used for) investing activities	—						(137		)	—			(137		)
Cash flows from financing activities
Payments of long-term debt							(305		)				(305		)
Net change in revolving credit facility and short-term debt							435						435
Net change in long-term intercompany balances	(13		)	(4		)	17						—
Payments of finance leases							(14		)				(14		)
Common stock issued	3												3
Common stock repurchased	(2		)										(2		)
Dividends paid							(4		)	4			—
Dividend paid to noncontrolling interests							(11		)				(11		)
Contribution from noncontrolling interests							3						3
Foreign exchange derivatives related to debt							(10		)				(10		)
Net cash provided by/(used for) financing activities	(12		)	(4		)	111			4			99
Effect of exchange rate changes on cash, cash equivalents and restricted cash							3						3
Net change in cash, cash equivalents and restricted cash	—			—			(262		)	—			(262		)
Cash, cash equivalents and restricted cash at January 1							659						659
Cash, cash equivalents and restricted cash at June 30	$	—		$	—		$	397		$	—		$	397

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
Foreign exchange derivatives related to acquisitions							(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

Crown Americas, LLC

Condensed Combining Statement of Comprehensive Income

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended June 30, 2019

(in millions)

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	994		$	2,164		$	(123	)	$	3,035
Cost of products sold, excluding depreciation and amortization						819			1,721			(123		)	2,417
Depreciation and amortization						35			88						123
Selling and administrative expense			$	2		63			92						157
Restructuring and other						3			(48		)				(45		)
Income from operations	—		(2		)	74			311						383
Other pension and postretirement						(4		)	33						29
Net interest expense			22			31			40						93
Technology royalty						(12		)	12						—
Foreign exchange			9						1			(9		)	1
Income/(loss) before income taxes	—		(33		)	59			225			9			260
Provision for / (benefit from) income taxes			(8		)	26			64			6			88
Equity earnings / (loss) in affiliates	$	137	77			73			2			(287		)	2
Net income	137		52			106			163			(284		)	174
Net income attributable to noncontrolling interests									(37		)				(37		)
Net income attributable to Crown Holdings	$	137	$	52		$	106		$	126		$	(284	)	$	137
Total comprehensive income	$	152	$	42		$	101		$	184		$	(290	)	$	189
Comprehensive income attributable to noncontrolling interests									(37		)				(37		)
Comprehensive income attributable to Crown Holdings	$	152	$	42		$	101		$	147		$	(290	)	$	152

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 six months ended June 30, 2019

(in millions)

	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,886		$	4,143		$	(239	)	$	5,790
Cost of products sold, excluding depreciation and amortization						1,559			3,307			(239		)	4,627
Depreciation and amortization						70			175						245
Selling and administrative expense			$	5		129			180						314
Restructuring and other						3			(44		)				(41		)
Income from operations	—		(5		)	125			525						645
Loss from early extinguishments of debt			6												6
Other pension and postretirement						(9		)	20						11
Net interest expense			41			64			83						188
Technology royalty						(21		)	21						—
Foreign exchange			(9		)				2			9			2
Income/(loss) before income taxes	—		(43		)	91			399			(9		)	438
Provision for / (benefit from) income taxes			(10		)	34			110			2			136
Equity earnings / (loss) in affiliates	$	240	140			135			2			(514		)	3
Net income	240		107			192			291			(525		)	305
Net income attributable to noncontrolling interests									(65		)				(65		)
Net income attributable to Crown Holdings	$	240	$	107		$	192		$	226		$	(525	)	$	240
Total comprehensive Income	$	340	$	115		$	270		$	377		$	(697	)	$	405
Comprehensive income attributable to noncontrolling interests									(65		)				(65		)
Comprehensive income attributable to Crown Holdings	$	340	$	115		$	270		$	312		$	(697	)	$	340

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 Balance Sheet

CONDENSED COMBINING BALANCE SHEET

As of June 30, 2019

(in millions)

	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	15	$	2	$	325				$	342
Receivables, net			12		195		1,623					1,830
Intercompany receivables					30		23		$	(53	)	—
Inventories					532		1,305					1,837
Prepaid expenses and other current assets	$	1	1		20		183					205
Total current assets	1		28		779		3,459		(53		)	4,214
Intercompany debt receivables			2,916		3,407		16		(6,339		)	—
Investments	3,799		2,799		1,449				(8,047		)	—
Goodwill					1,182		3,266					4,448
Intangible assets, net					862		1,244					2,106
Property, plant and equipment, net			1		699		3,061					3,761
Operating lease right-of-use assets, net			4		72		133					209
Other non-current assets			42		166		619					827
Total	$	3,800	$	5,790	$	8,616	$	11,798	$	(14,439	)	$	15,565
Liabilities and equity
Current liabilities
Short-term debt							$	135				$	135
Current maturities of long-term debt			$	43			45					88
Current portion of operating lease liabilities					$	17	30					47
Accounts payable					638		1,717					2,355
Accrued liabilities	$	11	49		123		800					983
Intercompany payables					23		30		$	(53	)	—
Total current liabilities	11		92		801		2,757		(53		)	3,608
Long-term debt, excluding current maturities			3,268		1,005		4,276					8,549
Long-term intercompany debt	2,495		750		2,985		109		(6,339		)	—
Non-current portion of operating lease liabilities			4		56		105					165
Postretirement and pension liabilities					405		258					663
Other non-current liabilities			6		316		558					880
Commitments and contingent liabilities
Noncontrolling interests							406					406
Crown Holdings shareholders’ equity/(deficit)	1,294		1,670		3,048		3,329		(8,047		)	1,294
Total equity/(deficit)	1,294		1,670		3,048		3,735		(8,047		)	1,700
Total	$	3,800	$	5,790	$	8,616	$	11,798	$	(14,439	)	$	15,565

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2018

(in millions)

	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	117	$	19	$	471				$	607
Receivables, net			4		182		1,416					1,602
Intercompany receivables					33		13		$	(46	)	—
Inventories					485		1,205					1,690
Prepaid expenses and other current assets	$	1	1		17		161					180
Total current assets	1		122		736		3,266		(46		)	4,079
Intercompany debt receivables			2,577		3,449		12		(6,038		)	—
Investments	3,458		2,657		1,248				(7,363		)	—
Goodwill					1,178		3,264					4,442
Intangible assets, net					901		1,292					2,193
Property, plant and equipment, net			1		693		3,051					3,745
Other non-current assets			29		192		582					803
Total	$	3,459	$	5,386	$	8,397	$	11,467	$	(13,447	)	$	15,262
Liabilities and equity
Current liabilities
Short-term debt							$	89				$	89
Current maturities of long-term debt			$	37			44					81
Accounts payable					$	725	2,007					2,732
Accrued liabilities	$	14	49		144		804					1,011
Intercompany payables					13		33		$	(46	)	—
Total current liabilities	14		86		882		2,977		(46		)	3,913
Long-term debt, excluding current maturities			2,999		1,274		4,220					8,493
Long-term intercompany debt	2,508		746		2,700		84		(6,038		)	—
Postretirement and pension liabilities					432		251					683
Other non-current liabilities					332		555					887
Commitments and contingent liabilities
Noncontrolling interests							349					349
Crown Holdings shareholders’ equity/(deficit)	937		1,555		2,777		3,031		(7,363		)	937
Total equity/(deficit)	937		1,555		2,777		3,380		(7,363		)	1,286
Total	$	3,459	$	5,386	$	8,397	$	11,467	$	(13,447	)	$	15,262

Condensed Combining Statement of Cash Flows

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the six months ended June 30, 2019

(in millions)

	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	12		$	(37	)	$	(25	)	$	(167	)	$	(10	)	$	(227	)
Cash flows from investing activities
Capital expenditures							(37		)	(117		)				(154		)
Proceeds from sale of property, plant and equipment							1			10						11
Net investment hedge				6												6
Net cash provided by/(used for) investing activities	—			6			(36		)	(107		)	—			(137		)
Cash flows from financing activities
Payments of long-term debt				(16		)	(270		)	(19		)				(305		)
Net change in revolving credit facility and short-term debt				280						155						435
Net change in long-term intercompany balances	(13		)	(335		)	327			21						—
Payments of finance leases							(13		)	(1		)				(14		)
Common stock issued	3															3
Common stock repurchased	(2		)													(2		)
Dividends paid										(10		)	10			—
Contributions from noncontrolling interests										3						3
Dividends paid to noncontrolling interests										(11		)				(11		)
Foreign exchange derivatives related to debt										(10		)				(10		)
Net cash provided by/(used for) financing activities	(12		)	(71		)	44			128			10			99
Effect of exchange rate changes on cash, cash equivalents and restricted cash										3						3
Net change in cash, cash equivalents and restricted cash	—			(102		)	(17		)	(143		)	—			(262		)
Cash, cash equivalents and restricted cash at January 1				117			19			523						659
Cash, cash equivalents and restricted cash at June 30	$	—		$	15		$	2		$	380		$	—		$	397

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			—
Foreign exchange derivatives related to acquisitions										(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