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Receivables
6 Months Ended
Jun. 30, 2015
Receivables  
Receivables

 

6.Receivables

 

 

 

June 30,

 

December 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Trade accounts receivable

 

$

1,074.9

 

$

800.0

 

Less allowance for doubtful accounts

 

(6.2

)

(7.0

)

 

 

 

 

 

 

Net trade accounts receivable

 

1,068.7

 

793.0

 

Other receivables

 

123.3

 

164.1

 

 

 

 

 

 

 

 

 

$

1,192.0

 

$

957.1

 

 

 

 

 

 

 

 

 

 

The company has entered into several regional committed and uncommitted accounts receivable factoring programs with multiple financial institutions for certain receivables of the company. The programs are accounted for as true sales of the receivables, without recourse to Ball, and had combined limits of approximately $481 million at June 30, 2015. A total of $350.9 million and $197.6 million were sold under these programs as of June 30, 2015, and December 31, 2014, respectively.