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Segment, Major Customer and Major Supplier Information (Tables)
6 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Selected segment financial information
Selected Segment Financial Information
 
September 30, 2014
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Investment in and advances to non–consolidated affiliates
$

 
$
560

 
$

 
$

 
$

 
$
560

Assets held for sale - Investment in and advances to non-consolidated affiliates

 

 

 
40

 

 
40

Total assets
$
2,857

 
$
3,108

 
$
1,550

 
$
1,739

 
$
67

 
$
9,321


March 31, 2014
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Investment in and advances to non–consolidated affiliates
$

 
$
612

 

 
$

 
$

 
612

Assets held for sale - Investment in and advances to non-consolidated affiliates

 

 

 
39

 

 
39

Total assets
$
2,998

 
$
3,046

 
$
1,440

 
$
1,583

 
$
47

 
$
9,114

 
Selected Operating Results Three Months Ended September 30, 2014
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Net sales-third party
$
901

 
$
931

 
$
531

 
$
422

 
$
46

 
$
2,831

Net sales-intersegment
6

 
32

 
37

 
23

 
(98
)
 

Net sales
$
907

 
$
963

 
$
568

 
$
445

 
$
(52
)
 
$
2,831

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
34

 
$
27

 
$
18

 
$
16

 
$
(5
)
 
$
90

Income tax (benefit) provision
$
4

 
$
7

 
$
3

 
$
(19
)
 
$
3

 
$
(2
)
Capital expenditures
$
28

 
$
61

 
$
14

 
$
11

 
$
12

 
$
126

 
Selected Operating Results Three Months Ended September 30, 2013
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Net sales-third party
$
756

 
$
770

 
$
461

 
$
380

 
$
47

 
$
2,414

Net sales-intersegment
1

 
39

 
2

 
11

 
(53
)
 

Net sales
$
757

 
$
809

 
$
463

 
$
391

 
$
(6
)
 
$
2,414

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
30

 
$
25

 
$
14

 
$
16

 
$
(6
)
 
$
79

Income tax (benefit) provision
$
(6
)
 
$
13

 
$
7

 
$
10

 
$
2

 
$
26

Capital expenditures
$
30

 
$
52

 
$
59

 
$
37

 
$
6

 
$
184


Selected Operating Results Six Months Ended September 30, 2014
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Net sales
$
1,716

 
$
1,811

 
$
1,060

 
$
825

 
$
99

 
$
5,511

Net sales-intersegment
12

 
66

 
64

 
40

 
(182
)
 

Net sales
$
1,728

 
$
1,877

 
$
1,124

 
$
865

 
$
(83
)
 
$
5,511

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
68

 
$
52

 
$
38

 
$
33

 
$
(12
)
 
$
179

Income tax (benefit) provision
$
(5
)
 
$
19

 
$
6

 
$
(7
)
 
$
9

 
$
22

Capital expenditures
$
47

 
$
150

 
$
34

 
$
28

 
$
5

 
$
264


Selected Operating Results Six Months Ended September 30, 2013
North
America
 
Europe
 
Asia
 
South
America
 
Other and
Eliminations
 
Total
Net sales
$
1,532

 
$
1,548

 
$
933

 
$
707

 
$
95

 
$
4,815

Net sales-intersegment
5

 
68

 
15

 
18

 
(106
)
 

Net sales
$
1,537

 
$
1,616

 
$
948

 
$
725

 
$
(11
)
 
$
4,815

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
60

 
$
49

 
$
28

 
$
31

 
$
(12
)
 
$
156

Income tax (benefit) provision
$
(7
)
 
$
24

 
$
11

 
$
(5
)
 
$
6

 
$
29

Capital expenditures
$
57

 
$
96

 
$
124

 
$
77

 
$
11

 
$
365

Reconciliation from income from reportable segments to "Net income attributable to out common shareholder"
The following table shows the reconciliation from segment income for each of our regions to “Net income attributable to our common shareholder” (in millions). 
 
Three Months Ended September 30,
 
Six Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
North America
$
76

 
$
70

 
$
140

 
$
116

Europe
75

 
61

 
154

 
131

Asia
36

 
41

 
73

 
87

South America
41

 
56

 
96

 
98

Intersegment eliminations
2

 

 
2

 

Depreciation and amortization
(90
)
 
(79
)
 
(179
)
 
(156
)
Interest expense and amortization of debt issuance costs
(82
)
 
(75
)
 
(163
)
 
(151
)
Adjustment to eliminate proportional consolidation
(9
)
 
(8
)
 
(17
)
 
(19
)
Unrealized (losses) gains on change in fair value of derivative instruments, net
(1
)
 
4

 

 
(8
)
Realized gains (losses) on derivative instruments not included in segment income

 
2

 
(1
)
 
4

Gain on assets held for sale

 

 
11

 

Restructuring and impairment, net
(7
)
 
(18
)
 
(13
)
 
(27
)
Loss on sale of fixed assets
(2
)
 
(1
)
 
(3
)
 
(2
)
Other costs, net
(3
)
 
(4
)
 
(5
)
 
(7
)
Income before income taxes
36

 
49

 
95

 
66

Income tax (benefit) provision
(2
)
 
26

 
22

 
29

Net income
38

 
23

 
73

 
37

Net income attributable to noncontrolling interests

 

 

 

Net income attributable to our common shareholder
$
38

 
$
23

 
$
73

 
$
37

Net sales to largest customers, as a percentage of total Net sales
The table below shows our net sales to Rexam Plc (Rexam), Affiliates of Ball Corporation (Ball) and Anheuser-Busch InBev (Anheuser-Busch), our three largest customers, as a percentage of total “Net sales.”
 
 
Three Months Ended September 30,
 
Six Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Rexam
18
%
 
17
%
 
18
%
 
17
%
Ball
12
%
 
9
%
 
11
%
 
10
%
Anheuser-Busch
8
%
 
7
%
 
8
%
 
8
%
Percentage of total combined metal purchases
The table below shows our purchases from RTA as a percentage of total combined metal purchases.
 
 
Three Months Ended September 30,
 
Six Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Purchases from RTA as a percentage of total
16
%
 
17
%
 
15
%
 
18
%