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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2013
Business Segment Information  
Summary of business by segment

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

($ in millions)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

1,109.2

 

$

1,169.6

 

$

3,190.7

 

$

3,426.9

 

Metal beverage packaging, Europe

 

488.9

 

450.8

 

1,400.5

 

1,377.0

 

Metal food & household products packaging

 

463.6

 

445.8

 

1,213.4

 

1,196.7

 

Aerospace & technologies

 

217.5

 

219.9

 

675.0

 

631.8

 

Corporate and intercompany eliminations

 

(1.3

)

(3.6

)

(8.3

)

(10.9

)

Net sales

 

$

2,277.9

 

$

2,282.5

 

$

6,471.3

 

$

6,621.5

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

134.8

 

$

142.2

 

$

364.5

 

$

384.5

 

Business consolidation and other activities

 

(14.1

)

(31.5

)

(26.6

)

(32.9

)

Total metal beverage packaging, Americas & Asia

 

120.7

 

110.7

 

337.9

 

351.6

 

 

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Europe

 

60.5

 

54.3

 

143.2

 

152.7

 

Business consolidation and other activities

 

(1.7

)

(3.5

)

(4.6

)

(6.2

)

Total metal beverage packaging, Europe

 

58.8

 

50.8

 

138.6

 

146.5

 

 

 

 

 

 

 

 

 

 

 

Metal food & household products packaging

 

58.4

 

50.1

 

140.6

 

131.0

 

Business consolidation and other activities

 

(28.9

)

 

(57.4

)

 

Total metal food & household products packaging

 

29.5

 

50.1

 

83.2

 

131.0

 

 

 

 

 

 

 

 

 

 

 

Aerospace & technologies

 

18.0

 

22.5

 

55.0

 

62.4

 

Business consolidation and other activities

 

 

 

(0.2

)

 

Total aerospace & technologies

 

18.0

 

22.5

 

54.8

 

62.4

 

 

 

 

 

 

 

 

 

 

 

Segment earnings before interest and taxes

 

227.0

 

234.1

 

614.5

 

691.5

 

 

 

 

 

 

 

 

 

 

 

Undistributed and corporate expenses and intercompany eliminations, net

 

(16.3

)

(13.7

)

(56.1

)

(48.4

)

Business consolidation and other activities

 

0.9

 

(1.8

)

(0.3

)

(4.9

)

Total undistributed and corporate expenses and intercompany eliminations, net

 

(15.4

)

(15.5

)

(56.4

)

(53.3

)

 

 

 

 

 

 

 

 

 

 

Earnings before interest and taxes

 

211.6

 

218.6

 

558.1

 

638.2

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

(45.5

)

(44.2

)

(138.0

)

(134.2

)

Debt refinancing costs

 

(1.3

)

 

(28.0

)

(15.1

)

Total interest expense

 

(46.8

)

(44.2

)

(166.0

)

(149.3

)

Tax provision

 

(44.1

)

(51.7

)

(93.0

)

(129.7

)

Equity in results of affiliates, net of tax

 

0.9

 

(0.8

)

0.9

 

(1.0

)

Net earnings from continuing operations

 

121.6

 

121.9

 

300.0

 

358.2

 

Discontinued operations, net of tax

 

0.3

 

(2.2

)

0.4

 

(2.9

)

Net earnings

 

121.9

 

119.7

 

300.4

 

355.3

 

Less net earnings attributable to noncontrolling interests

 

(6.7

)

(4.6

)

(18.1

)

(12.4

)

Net earnings attibutable to Ball Corporation

 

$

115.2

 

$

115.1

 

$

282.3

 

$

342.9

 

 

 

 

September 30,

 

December 31,

 

($ in millions)

 

2013

 

2012

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

3,307.6

 

$

3,227.5

 

Metal beverage packaging, Europe

 

2,325.9

 

2,299.8

 

Metal food & household products packaging

 

1,635.3

 

1,568.9

 

Aerospace & technologies

 

346.6

 

332.8

 

Segment assets

 

7,615.4

 

7,429.0

 

Corporate assets and intercompany eliminations

 

93.8

 

78.1

 

Total assets

 

$

7,709.2

 

$

7,507.1