19. Business Combinations and Pro Forma Information

On September 1, 2015, the Company completed the Vitro Acquisition in a cash transaction valued at approximately $2.297 billion in cash, subject to a working capital adjustment and certain other adjustments. The Vitro Business in Mexico is the largest supplier of glass containers in that country manufacturing glass containers across multiple end uses, including food, soft drinks, beer, wine and spirits. The Vitro Acquisition included five food and beverage glass container plants in Mexico, a plant in Bolivia and a North American distribution business, and provided the Company with a competitive position in the glass packaging market in Mexico. The results of the Vitro Business have been included in the Company’s consolidated financial statements since September 1, 2015 and contributed approximately $608 million of incremental net sales and $122 million of incremental segment operating profit in the year ended December 31, 2016. Vitro’s food and beverage glass container operations in Mexico and Bolivia are included in the Latin American operating segment while its distribution business is included in the North American operating segment.

Had the Vitro Acquisition occurred at the beginning of 2015, unaudited pro forma consolidated net sales, earnings from continuing operations and earnings from continuing operations per share of common stock (diluted) would have been as follows:


	Year Ending December 31, 2015
	As		Acquisition		Financing		Pro Forma
	Reported		Adjustments		Adjustments		As Adjusted

Net sales	$	6,156	$	574	$	—	$	6,730

Earnings from continuing operations attributable to the Company	$	139	$	79	$	(46)	$	172

Diluted earnings per share from continuing operations	$	0.85					$	1.06