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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Business Segment Information  
Summary of business by segment

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

($ in millions)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

1,130.1

 

$

1,086.3

 

$

2,127.7

 

$

2,081.5

 

Metal beverage packaging, Europe

 

558.4

 

508.7

 

1,008.6

 

911.6

 

Metal food & household products packaging

 

367.7

 

382.6

 

708.8

 

749.8

 

Aerospace & technologies

 

241.1

 

226.1

 

461.8

 

457.5

 

Corporate and intercompany eliminations

 

(5.4

)

(1.3

)

(8.2

)

(7.0

)

Net sales

 

2,291.9

 

2,202.4

 

4,298.7

 

4,193.4

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

142.0

 

$

125.7

 

$

266.9

 

$

229.7

 

Business consolidation and other activities

 

(3.0

)

(11.0

)

1.8

 

(12.5

)

Total metal beverage packaging Americas & Asia

 

139.0

 

114.7

 

268.7

 

217.2

 

 

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Europe

 

73.7

 

51.8

 

129.2

 

82.7

 

Business consolidation and other activities

 

(1.1

)

(1.2

)

(2.3

)

(2.9

)

Total metal beverage packaging, Europe

 

72.6

 

50.6

 

126.9

 

79.8

 

 

 

 

 

 

 

 

 

 

 

Metal food & household products packaging

 

39.8

 

47.5

 

76.1

 

82.2

 

Business consolidation and other activities

 

(4.0

)

(9.7

)

(7.1

)

(28.5

)

Total metal food & household products packaging

 

35.8

 

37.8

 

69.0

 

53.7

 

 

 

 

 

 

 

 

 

 

 

Aerospace & technologies

 

24.8

 

19.1

 

48.9

 

37.0

 

Business consolidation and other activities

 

 

(0.2

)

 

(0.2

)

Total aerospace & technologies

 

24.8

 

18.9

 

48.9

 

36.8

 

 

 

 

 

 

 

 

 

 

 

Segment earnings before interest and taxes

 

272.2

 

222.0

 

513.5

 

387.5

 

 

 

 

 

 

 

 

 

 

 

Undistributed and corporate expenses and intercompany eliminations, net

 

(15.8

)

(18.0

)

(39.2

)

(39.8

)

Business consolidation and other activities

 

(0.5

)

(0.5

)

(1.0

)

(1.2

)

Total undistributed and corporate expenses and intercompany eliminations, net

 

(16.3

)

(18.5

)

(40.2

)

(41.0

)

 

 

 

 

 

 

 

 

 

 

Earnings before interest and taxes

 

255.9

 

203.5

 

473.3

 

346.5

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

(40.6

)

(47.7

)

(80.8

)

(92.5

)

Debt refinancing costs

 

 

(26.7

)

(33.1

)

(26.7

)

Total interest expense

 

(40.6

)

(74.4

)

(113.9

)

(119.2

)

Tax provision

 

(60.2

)

(30.8

)

(99.8

)

(48.9

)

Equity in results of affiliates, net of tax

 

1.2

 

0.8

 

1.6

 

 

Net earnings from continuing operations

 

156.3

 

99.1

 

261.2

 

178.4

 

Discontinued operations, net of tax

 

 

 

 

0.1

 

Net earnings

 

156.3

 

99.1

 

261.2

 

178.5

 

Less net earnings attributable to noncontrolling interests

 

(3.2

)

(4.0

)

(14.6

)

(11.4

)

Net earnings attibutable to Ball Corporation

 

$

153.1

 

$

95.1

 

$

246.6

 

$

167.1

 

 

 

 

June 30,

 

December 31,

 

($ in millions)

 

2014

 

2013

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

3,319.2

 

$

3,425.2

 

Metal beverage packaging, Europe

 

2,551.6

 

2,380.1

 

Metal food & household products packaging (a)

 

1,634.1

 

1,556.3

 

Aerospace & technologies

 

376.1

 

346.1

 

Segment assets (a)

 

7,881.0

 

7,707.7

 

Corporate assets, net of eliminations (a)

 

(109.6

)

112.7

 

Total assets (a)

 

$

7,771.4

 

$

7,820.4

 

 

(a)       2013 amounts have been revised; further details are included in the “Revision of Prior Period Financial Statements Related to Deferred Taxes” section of Note 1.