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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Business Segment Information  
Summary of business by segment

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

($ in millions)

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

1,131.6

 

$

1,130.1

 

$

2,154.6

 

$

2,127.7

 

Metal beverage packaging, Europe

 

481.0

 

558.4

 

860.2

 

1,008.6

 

Metal food & household products packaging

 

332.0

 

367.7

 

640.3

 

708.8

 

Aerospace & technologies

 

230.2

 

241.1

 

445.0

 

461.8

 

Corporate and intercompany eliminations

 

(2.5

)

(5.4

)

(4.7

)

(8.2

)

 

 

 

 

 

 

 

 

 

 

Net sales

 

2,172.3

 

2,291.9

 

4,095.4

 

4,298.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

126.5

 

$

142.0

 

$

251.5

 

$

267.1

 

Business consolidation and other activities

 

(0.3

)

(3.0

)

(2.6

)

1.8

 

 

 

 

 

 

 

 

 

 

 

Total metal beverage packaging, Americas & Asia

 

126.2

 

139.0

 

248.9

 

268.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metal beverage packaging, Europe

 

59.6

 

73.7

 

88.5

 

129.2

 

Business consolidation and other activities

 

(5.3

)

(1.1

)

(7.3

)

(2.3

)

 

 

 

 

 

 

 

 

 

 

Total metal beverage packaging, Europe

 

54.3

 

72.6

 

81.2

 

126.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Metal food & household products packaging

 

28.7

 

39.8

 

58.9

 

76.1

 

Business consolidation and other activities

 

(0.7

)

(4.0

)

(0.9

)

(7.1

)

 

 

 

 

 

 

 

 

 

 

Total metal food & household products packaging

 

28.0

 

35.8

 

58.0

 

69.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & technologies

 

19.5

 

24.8

 

39.5

 

48.9

 

Business consolidation and other activities

 

 

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

Total aerospace & technologies

 

19.5

 

24.8

 

40.2

 

48.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment earnings before interest and taxes

 

228.0

 

272.2

 

428.3

 

513.7

 

 

 

 

 

 

 

 

 

 

 

Undistributed corporate expenses and intercompany eliminations, net

 

(26.1

)

(15.8

)

(52.3

)

(39.4

)

Business consolidation and other activities

 

71.9

 

(0.5

)

23.7

 

(1.0

)

 

 

 

 

 

 

 

 

 

 

Total undistributed corporate expenses and intercompany eliminations, net

 

45.8

 

(16.3

)

(28.6

)

(40.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before interest and taxes

 

273.8

 

255.9

 

399.7

 

473.3

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

(31.0

)

(40.6

)

(69.5

)

(80.8

)

Debt refinancing and other costs

 

(5.0

)

 

(64.9

)

(33.1

)

 

 

 

 

 

 

 

 

 

 

Total interest expense

 

(36.0

)

(40.6

)

(134.4

)

(113.9

)

Tax provision

 

(78.4

)

(60.2

)

(78.9

)

(99.8

)

Equity in results of affiliates, net of tax

 

1.4

 

1.2

 

1.9

 

1.6

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

160.8

 

156.3

 

188.3

 

261.2

 

Less net earnings attributable to noncontrolling interests

 

(0.4

)

(3.2

)

(7.2

)

(14.6

)

 

 

 

 

 

 

 

 

 

 

Net earnings attibutable to Ball Corporation

 

$

160.4

 

$

153.1

 

$

181.1

 

$

246.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

Metal beverage packaging, Americas & Asia

 

$

3,554.2

 

$

3,422.8

 

Metal beverage packaging, Europe

 

2,372.6

 

2,274.5

 

Metal food & household products packaging

 

1,644.1

 

1,508.1

 

Aerospace & technologies

 

400.0

 

411.6

 

 

 

 

 

 

 

Segment assets

 

7,970.9

 

7,617.0

 

Corporate assets, net of eliminations

 

(118.0

)

(46.0

)

 

 

 

 

 

 

Total assets

 

$

7,852.9

 

$

7,571.0