Business Segment Information

12 Months Ended

Dec. 31, 2015

Business Segment Information

Business Segment Information

3.  Business Segment Information

Ball’s operations are organized and reviewed by management along its product lines and geographical areas and presented in the four reportable segments discussed below.

Metal beverage packaging, Americas and Asia:  Consists of the metal beverage packaging, Americas, operations in the U.S., Canada and Brazil, and the metal beverage packaging, Asia, operations in the People’s Republic of China (PRC). The Americas and Asia segments have been aggregated based on similar economic and qualitative characteristics. The operations in this reporting segment manufacture and sell metal beverage containers.

Metal beverage packaging, Europe:  Consists of operations in several countries in Europe, which manufacture and sell metal beverage containers.

Metal food and household products packaging:   Consists of operations in the U.S., Europe, Canada, Mexico, Argentina and India, which manufacture and sell steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum beverage and aerosol containers and aluminum slugs.

Aerospace and technologies:  Consists of the manufacture and sale of aerospace and other related products and the providing of services used in the defense, civil space and commercial space industries.

The accounting policies of the segments are the same as those in the consolidated financial statements and are discussed in Note 1. The company also has investments in companies in the U.S. and Vietnam, which are accounted for under the equity method of accounting and, accordingly, those results are not included in segment sales or earnings.

Major Customers

Net sales to major customers, as a percentage of consolidated net sales, were as follows:

	2015		2014		2013
Coca-Cola Bottlers’ Sales & Services Company LLC	11	%	11	%	11	%
MillerCoors LLC and SABMiller plc	10	%	10	%	9	%
U.S. Government	10	%	10	%	10	%

Summary of Net Sales by Geographic Area (a)

($ in millions)	U.S.		Foreign		Consolidated
2015	$	4,738.0	$	3,259.0	$	7,997.0
2014	5,090.7		3,479.3		8,570.0
2013	5,103.9		3,364.2		8,468.1

Summary of Net Long-Lived Assets by Geographic Area (a) (b)

($ in millions)	U.S.		Brazil		Other		Consolidated
2015	$	1,291.3	$	463.1	$	1,312.7	$	3,067.1
2014	1,219.4		458.6		1,125.4		2,803.4

(a) Includes intercompany eliminations.

(b) Long-lived assets exclude goodwill, intangible assets and noncurrent restricted cash.

Summary of Business by Segment

	Years Ended December 31,
($ in millions)	2015			2014			2013
Net sales
Metal beverage packaging, Americas & Asia	$	4,245.3		$	4,246.8		$	4,193.4
Metal beverage packaging, Europe	1,652.7			1,896.3			1,828.3
Metal food & household products packaging	1,296.6			1,504.4			1,558.6
Aerospace & technologies	810.1			934.8			897.1
Corporate and intercompany eliminations	(7.7		)	(12.3		)	(9.3		)
Net sales	$	7,997.0		$	8,570.0		$	8,468.1
Net earnings
Metal beverage packaging, Americas & Asia	$	510.9		$	534.8		$	512.4
Business consolidation and other activities	(24.1		)	(7.5		)	(3.6		)
Total metal beverage packaging, Americas & Asia	486.8			527.3			508.8
Metal beverage packaging, Europe	192.3			222.9			182.6
Business consolidation and other activities	(9.8		)	(8.7		)	(10.6		)
Total metal beverage packaging, Europe	182.5			214.2			172.0
Metal food & household products packaging	107.7			154.2			177.4
Business consolidation and other activities	(0.5		)	(41.9		)	(63.7		)
Total metal food & household products packaging	107.2			112.3			113.7
Aerospace & technologies	81.8			93.6			80.1
Business consolidation and other activities	0.7			(13.9		)	(0.2		)
Total aerospace & technologies	82.5			79.7			79.9
Segment earnings before interest and taxes	859.0			933.5			874.4
Undistributed corporate expenses and intercompany eliminations, net	(92.8		)	(86.4		)	(78.3		)
Business consolidation and other activities	(161.0		)	(8.5		)	(0.7		)
Total undistributed and corporate expenses and intercompany eliminations, net	(253.8		)	(94.9		)	(79.0		)
Earnings before interest and taxes	605.2			838.6			795.4
Interest expense	(143.2		)	(159.9		)	(183.8		)
Debt refinancing and other costs	(116.5		)	(33.1		)	(28.0		)
Total interest expense	(259.7		)	(193.0		)	(211.8		)
Tax (provision) benefit	(47.0		)	(149.9		)	(149.6		)
Equity in results of affiliates, net of tax	4.4			2.3			0.6
Net earnings from continuing operations	302.9			498.0			434.6
Discontinued operations, net of tax	—			—			0.4
Net earnings	302.9			498.0			435.0
Less net earnings attributable to noncontrolling interests	(22.0		)	(28.0		)	(28.2		)
Net earnings attibutable to Ball Corporation	$	280.9		$	470.0		$	406.8

	Years Ended December 31,
($ in millions)	2015		2014		2013
Depreciation and Amortization
Metal beverage packaging, Americas & Asia	$	134.5	$	128.7	$	121.9
Metal beverage packaging, Europe	59.9		62.5		87.0
Metal food & household products packaging	58.7		57.1		59.4
Aerospace & technologies	26.8		26.2		24.1
Segment depreciation and amortization	279.9		274.5		292.4
Corporate	5.6		6.4		7.5
Depreciation and amortization	$	285.5	$	280.9	$	299.9
Capital Expenditures
Metal beverage packaging, Americas & Asia	$	308.6	$	160.1	$	224.0
Metal beverage packaging, Europe	121.5		108.6		75.4
Metal food & household products packaging	60.8		81.6		43.0
Aerospace & technologies	28.1		30.1		29.4
Segment capital expenditures	519.0		380.4		371.8
Corporate	8.9		10.4		6.5
Capital expenditures	$	527.9	$	390.8	$	378.3

	December 31,
($ in millions)	2015		2014
Total Assets
Metal beverage packaging, Americas & Asia	$	3,598.1	$	3,422.8
Metal beverage packaging, Europe	2,474.7		2,274.5
Metal food & household products packaging	1,527.8		1,508.1
Aerospace & technologies	402.6		411.6
Segment assets	8,003.2		7,617.0
Corporate assets, net of eliminations	1,773.8		(46.0		)
Total assets	$	9,777.0	$	7,571.0
Investments in Affiliates
Metal beverage packaging, Americas & Asia	$	32.6	$	31.3
Metal beverage packaging, Europe	0.3		0.5
Corporate	1.4		1.4
Total investments in affiliates	$	34.3	$	33.2