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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Business Segment Information  
Schedule of major customers

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Coca-Cola Bottlers’ Sales & Services Company LLC

 

11 

%

11 

%

11 

%

MillerCoors LLC and SABMiller plc

 

10 

%

10 

%

%

U.S. Government

 

10 

%

10 

%

10 

%

 

Summary of net sales and long lived assets by geographic area

 

 

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