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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2015
Business Segment Information  
Summary of business by segment

 

 

 

Three Months Ended March 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

1,023.0

 

$

997.6

 

Metal beverage packaging, Europe

 

379.2

 

450.2

 

Metal food & household products packaging

 

308.3

 

341.1

 

Aerospace & technologies

 

214.8

 

220.7

 

Corporate and intercompany eliminations

 

(2.2

)

(2.8

)

Net sales

 

1,923.1

 

2,006.8

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

125.0

 

$

125.1

 

Business consolidation and other activities

 

(2.3

)

4.8

 

Total metal beverage packaging Americas & Asia

 

122.7

 

129.9

 

 

 

 

 

 

 

Metal beverage packaging, Europe

 

28.9

 

55.5

 

Business consolidation and other activities

 

(2.0

)

(1.2

)

Total metal beverage packaging, Europe

 

26.9

 

54.3

 

 

 

 

 

 

 

Metal food & household products packaging

 

30.2

 

36.3

 

Business consolidation and other activities

 

(0.2

)

(3.1

)

Total metal food & household products packaging

 

30.0

 

33.2

 

 

 

 

 

 

 

Aerospace & technologies

 

20.0

 

24.1

 

Business consolidation and other activities

 

0.7

 

 

Total aerospace & technologies

 

20.7

 

24.1

 

 

 

 

 

 

 

Segment earnings before interest and taxes

 

200.3

 

241.5

 

 

 

 

 

 

 

Undistributed corporate expenses and intercompany eliminations, net

 

(26.2

)

(23.6

)

Business consolidation and other activities

 

(48.2

)

(0.5

)

Total undistributed corporate expenses and intercompany eliminations, net

 

(74.4

)

(24.1

)

 

 

 

 

 

 

Earnings before interest and taxes

 

125.9

 

217.4

 

 

 

 

 

 

 

Interest expense

 

(38.5

)

(40.2

)

Debt refinancing and other costs

 

(59.9

)

(33.1

)

Total interest expense

 

(98.4

)

(73.3

)

Tax provision

 

(0.5

)

(39.6

)

Equity in results of affiliates, net of tax

 

0.5

 

0.4

 

Net earnings

 

27.5

 

104.9

 

Less net earnings attributable to noncontrolling interests

 

(6.8

)

(11.4

)

Net earnings attibutable to Ball Corporation

 

$

20.7

 

$

93.5

 

 

 

 

March 31,

 

December 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

3,555.8

 

$

3,422.8

 

Metal beverage packaging, Europe

 

2,216.9

 

2,274.5

 

Metal food & household products packaging

 

1,632.1

 

1,508.1

 

Aerospace & technologies

 

399.4

 

411.6

 

Segment assets

 

7,804.2

 

7,617.0

 

Corporate assets, net of eliminations

 

(143.7

)

(46.0

)

Total assets

 

$

7,660.5

 

$

7,571.0