Dispositions

9 Months Ended

Oct. 02, 2011

Dispositions

Dispositions

5. Dispositions

Plastics Packaging, Americas

In August 2010, the company completed the sale of its plastics packaging, Americas, business to Amcor Limited and received gross proceeds of $258.7 million, which included $15 million of contingent consideration recognized at closing and is net of post-closing adjustments of $21.3 million. The sale of Ball’s plastics packaging business included five U.S. plants that manufacture polyethylene terephthalate (PET) bottles and preforms and polypropylene bottles, as well as associated customer contracts and other related assets.

The following table summarizes the operating results for the discontinued operations:

	Three months ended						Nine months ended
	October 2,			September 26,			October 2,			September 26,
($ in millions)	2011			2010			2011			2010
Net sales	$	—		$	55.3		$	—		$	318.5
Earnings from operations	$	—		$	1.9		$	—		$	3.3
Impairment loss	—			—			—			(107.1		)
Gain (loss) on sale of business	—			9.9			(0.8		)	9.9
Business consolidation and other activities	(2.2		)	(2.8		)	(4.0		)	(10.1		)
Tax benefit (provision)	0.9			(3.7		)	1.9			30.6
Discontinued operations, net of tax	$	(1.3	)	$	5.3		$	(2.9	)	$	(73.4	)