XML 70 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Subsidiary Guarantees of Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Subsidiary Guarantees of Debt  
Schedule of Condensed Consolidating Statement of Earnings

 

 

Condensed Consolidating Statement of Earnings

 

 

 

For the Year Ended December 31, 2015

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$
4,788.0

 

$
3,258.9

 

$
(49.9

)

$
7,997.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 
(0.3

)
(3,958.5

)
(2,551.4

)
49.9

 
(6,460.3

)

Depreciation and amortization

 
(5.5

)
(132.5

)
(147.5

)

—

 
(285.5

)

Selling, general and administrative

 
(80.2

)
(170.2

)
(200.9

)

—

 
(451.3

)

Business consolidation and other activities

 
(159.4

)
(18.6

)
(16.7

)

—

 
(194.7

)

Equity in results of subsidiaries

 
452.8

 
215.5

 

—

 
(668.3

)

—

 

Intercompany

 
206.8

 
(174.9

)
(31.9

)

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
414.2

 
(4,239.2

)
(2,948.4

)
(618.4

)
(7,391.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 
414.2

 
548.8

 
310.5

 
(668.3

)
605.2

 

Interest expense

 
(139.2

)
5.5

 
(9.5

)

—

 
(143.2

)

Debt refinancing and other costs

 
(114.6

)

—

 
(1.9

)

—

 
(116.5

)

 

 

 

 

 

 

 

 

 

 

 

 

Total interest expense

 
(253.8

)
5.5

 
(11.4

)

—

 
(259.7

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before taxes

 
160.4

 
554.3

 
299.1

 
(668.3

)
345.5

 

Tax (provision) benefit

 
120.5

 
(110.7

)
(56.8

)

—

 
(47.0

)

Equity in results of affiliates, net of tax

 

—

 
2.3

 
2.1

 

—

 
4.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 
280.9

 
445.9

 
244.4

 
(668.3

)
302.9

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 
(22.0

)

—

 
(22.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Ball Corporation

 

$
280.9

 

$
445.9

 

$
222.4

 

$
(668.3

)

$
280.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$
163.1

 

$
327.8

 

$
100.4

 

$
(428.2

)

$
163.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Earnings

 

 

 

For the Year Ended December 31, 2014

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$
5,102.6

 

$
3,479.3

 

$
(11.9

)

$
8,570.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

—

 
(4,207.3

)
(2,708.1

)
11.9

 
(6,903.5

)

Depreciation and amortization

 
(6.4

)
(127.5

)
(147.0

)

—

 
(280.9

)

Selling, general and administrative

 
(77.4

)
(185.5

)
(203.6

)

—

 
(466.5

)

Business consolidation and other activities

 
(11.2

)
(66.6

)
(2.7

)

—

 
(80.5

)

Equity in results of subsidiaries

 
470.2

 
265.4

 

—

 
(735.6

)

—

 

Intercompany

 
254.8

 
(215.8

)
(39.0

)

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
630.0

 
(4,537.3

)
(3,100.4

)
(723.7

)
(7,731.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 
630.0

 
565.3

 
378.9

 
(735.6

)
838.6

 

Interest expense

 
(150.0

)
3.4

 
(13.3

)

—

 
(159.9

)

Debt refinancing and other costs

 
(33.1

)

—

 

—

 

—

 
(33.1

)

 

 

 

 

 

 

 

 

 

 

 

 

Total interest expense

 
(183.1

)
3.4

 
(13.3

)

—

 
(193.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before taxes

 
446.9

 
568.7

 
365.6

 
(735.6

)
645.6

 

Tax (provision) benefit

 
23.1

 
(99.4

)
(73.6

)

—

 
(149.9

)

Equity in results of affiliates, net of tax

 

—

 
1.2

 
1.1

 

—

 
2.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 
470.0

 
470.5

 
293.1

 
(735.6

)
498.0

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 
(28.0

)

—

 
(28.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Ball Corporation

 

$
470.0

 

$
470.5

 

$
265.1

 

$
(735.6

)

$
470.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$
197.9

 

$
209.6

 

$
91.6

 

$
(301.2

)

$
197.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Earnings

 

 

 

For the Year Ended December 31, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$
5,125.5

 

$
3,364.2

 

$
(21.6

)

$
8,468.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 
0.1

 
(4,246.7

)
(2,650.4

)
21.6

 
(6,875.4

)

Depreciation and amortization

 
(7.5

)
(126.7

)
(165.7

)

—

 
(299.9

)

Selling, general and administrative

 
(81.4

)
(179.9

)
(157.3

)

—

 
(418.6

)

Business consolidation and other activities

 
(0.7

)
(88.5

)
10.4

 

—

 
(78.8

)

Equity in results of subsidiaries

 
426.9

 
248.4

 

—

 
(675.3

)

—

 

Intercompany

 
234.1

 
(188.3

)
(45.8

)

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
571.5

 
(4,581.7

)
(3,008.8

)
(653.7

)
(7,672.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 
571.5

 
543.8

 
355.4

 
(675.3

)
795.4

 

Interest expense

 
(172.0

)
2.5

 
(14.3

)

—

 
(183.8

)

Debt refinancing and other costs

 
(27.9

)

—

 
(0.1

)

—

 
(28.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Total interest expense

 
(199.9

)
2.5

 
(14.4

)

—

 
(211.8

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before taxes

 
371.6

 
546.3

 
341.0

 
(675.3

)
583.6

 

Tax (provision) benefit

 
35.2

 
(113.8

)
(71.0

)

—

 
(149.6

)

Equity in results of affiliates, net of tax

 

—

 
0.4

 
0.2

 

—

 
0.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) from continuing operations

 
406.8

 
432.9

 
270.2

 
(675.3

)
434.6

 

Discontinued operations, net of tax

 

—

 
0.4

 

—

 

—

 
0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 
406.8

 
433.3

 
270.2

 
(675.3

)
435.0

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 
(28.2

)

—

 
(28.2

)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Ball Corporation

 

$
406.8

 

$
433.3

 

$
242.0

 

$
(675.3

)

$
406.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$
519.0

 

$
533.2

 

$
261.3

 

$
(794.5

)

$
519.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Condensed Consolidating Balance Sheet

 

 

 

Condensed Consolidating Balance Sheet

 

 

 

December 31, 2015

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$
5.5

 

$

—

 

$
218.5

 

$

—

 

$
224.0

 

Receivables, net

 
39.6

 
224.3

 
621.5

 

—

 
885.4

 

Intercompany receivables

 
136.5

 
517.1

 
6.6

 
(660.2

)

—

 

Inventories, net

 
(0.3

)
516.7

 
382.0

 

—

 
898.4

 

Deferred taxes and other current assets

 
48.8

 
83.5

 
43.9

 

—

 
176.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 
230.1

 
1,341.6

 
1,272.5

 
(660.2

)
2,184.0

 

Noncurrent assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 
13.8

 
1,026.4

 
1,645.7

 

—

 
2,685.9

 

Investment in subsidiaries

 
3,688.4

 
2,135.1

 
78.6

 
(5,902.1

)

—

 

Goodwill

 

—

 
966.5

 
1,210.0

 

—

 
2,176.5

 

Restricted cash

 
2,154.4

 

—

 

—

 

—

 
2,154.4

 

Intangibles and other assets, net

 
251.4

 
101.2

 
223.6

 

—

 
576.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$
6,338.1

 

$
5,570.8

 

$
4,430.4

 

$
(6,562.3

)

$
9,777.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

Short-term debt and current portion of long-term debt

 

$
0.7

 

$
0.2

 

$
76.4

 

$

—

 

$
77.3

 

Accounts payable

 
19.4

 
791.8

 
689.6

 

—

 
1,500.8

 

Intercompany payables

 
105.1

 
0.5

 
554.3

 
(659.9

)

—

 

Accrued employee costs

 
16.0

 
133.4

 
80.0

 

—

 
229.4

 

Other current liabilities

 
145.4

 
60.0

 
128.7

 

—

 
334.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 
286.6

 
985.9

 
1,529.0

 
(659.9

)
2,141.6

 

Noncurrent liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 
4,938.5

 

—

 
115.7

 

—

 
5,054.2

 

Employee benefit obligations

 
341.6

 
466.2

 
339.4

 

—

 
1,147.2

 

Deferred taxes and other liabilities

 
(479.9

)
375.0

 
277.9

 
(0.3

)
172.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 
5,086.8

 
1,827.1

 
2,262.0

 
(660.2

)
8,515.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 
961.7

 
1,041.8

 
375.2

 
(1,417.0

)
961.7

 

Preferred stock

 

—

 

—

 
4.8

 
(4.8

)

—

 

Retained earnings

 
4,557.5

 
3,276.4

 
2,062.1

 
(5,338.5

)
4,557.5

 

Accumulated other comprehensive earnings (loss)

 
(639.9

)
(574.5

)
(283.7

)
858.2

 
(639.9

)

Treasury stock, at cost

 
(3,628.0

)

—

 

—

 

—

 
(3,628.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Total Ball Corporation shareholders’ equity

 
1,251.3

 
3,743.7

 
2,158.4

 
(5,902.1

)
1,251.3

 

Noncontrolling interests

 

—

 

—

 
10.0

 

—

 
10.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shareholders’ equity

 
1,251.3

 
3,743.7

 
2,168.4

 
(5,902.1

)
1,261.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and shareholders’ equity

 

$
6,338.1

 

$
5,570.8

 

$
4,430.4

 

$
(6,562.3

)

$
9,777.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Balance Sheet

 

 

 

December 31, 2014

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Eliminating 
Adjustments

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$
1.5

 

$
0.4

 

$
189.5

 

$

—

 

$
191.4

 

Receivables, net

 
43.7

 
241.3

 
672.1

 

—

 
957.1

 

Intercompany receivables

 
94.0

 
99.9

 
4.3

 
(198.2

)

—

 

Inventories, net

 

—

 
575.0

 
441.7

 

—

 
1,016.7

 

Deferred taxes and other current assets

 
3.1

 
75.1

 
70.1

 

—

 
148.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 
142.3

 
991.7

 
1,377.7

 
(198.2

)
2,313.5

 

Noncurrent assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 
15.1

 
968.0

 
1,447.6

 

—

 
2,430.7

 

Investment in subsidiaries

 
3,152.7

 
2,212.2

 
78.6

 
(5,443.5

)

—

 

Goodwill

 

—

 
931.0

 
1,323.5

 

—

 
2,254.5

 

Intangibles and other assets, net

 
232.4

 
93.5

 
246.4

 

—

 
572.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$
3,542.5

 

$
5,196.4

 

$
4,473.8

 

$
(5,641.7

)

$
7,571.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

Short-term debt and current portion of long-term debt

 

$
1.9

 

$
7.6

 

$
165.6

 

$

 —

 

$
175.1

 

Accounts payable

 
7.1

 
732.5

 
600.4

 

—

 
1,340.0

 

Intercompany payables

 
99.7

 
1.5

 
97.0

 
(198.2

)

—

 

Accrued employee costs

 
22.3

 
155.6

 
92.0

 

—

 
269.9

 

Other current liabilities

 
51.6

 
38.0

 
132.2

 

—

 
221.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 
182.6

 
935.2

 
1,087.2

 
(198.2

)
2,006.8

 

Noncurrent liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 
2,750.0

 
0.2

 
243.6

 

—

 
2,993.8

 

Employee benefit obligations

 
329.4

 
432.7

 
416.2

 

—

 
1,178.3

 

Deferred taxes and other liabilities

 
(752.6

)
601.8

 
303.3

 

—

 
152.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 
2,509.4

 
1,969.9

 
2,050.3

 
(198.2

)
6,331.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 
1,131.3

 
2,293.5

 
534.0

 
(2,827.5

)
1,131.3

 

Preferred stock

 

—

 

—

 
4.8

 
(4.8

)

—

 

Retained earnings

 
4,346.9

 
1,389.4

 
1,839.9

 
(3,229.3

)
4,346.9

 

Accumulated other comprehensive earnings (loss)

 
(522.1

)
(456.4

)
(161.7

)
618.1

 
(522.1

)

Treasury stock, at cost

 
(3,923.0

)

—

 

—

 

—

 
(3,923.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Total Ball Corporation shareholders’ equity

 
1,033.1

 
3,226.5

 
2,217.0

 
(5,443.5

)
1,033.1

 

Noncontrolling interests

 

—

 

—

 
206.5

 

—

 
206.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total shareholders’ equity

 
1,033.1

 
3,226.5

 
2,423.5

 
(5,443.5

)
1,239.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilties and shareholders’ equity

 

$
3,542.5

 

$
5,196.4

 

$
4,473.8

 

$
(5,641.7

)

$
7,571.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Condensed Consolidating Statement of Cash Flows

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

 

For the Year Ended December 31, 2015

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) operating activities

 

$
(13.2

)

$
568.3

 

$
451.6

 

$
1,006.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 
(7.8

)
(193.7

)
(326.4

)
(527.9

)

Business acquisition, net of cash acquired

 

—

 
(29.1

)

—

 
(29.1

)

(Increase) decrease in noncurrent restricted cash

 
(2,182.7

)

—

 

—

 
(2,182.7

)

Other, net

 
7.2

 
7.1

 
4.7

 
19.0

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) investing activities

 
(2,183.3

)
(215.7

)
(321.7

)
(2,720.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 
4,509.1

 

—

 
15.1

 
4,524.2

 

Repayments of long-term borrowings

 
(2,300.7

)
(0.1

)
(129.0

)
(2,429.8

)

Net change in short-term borrowings

 
(1.9

)
(7.4

)
(83.9

)
(93.2

)

Proceeds from issuances of common stock

 
36.0

 

—

 

—

 
36.0

 

Acquisitions of treasury stock

 
(135.5

)

—

 

—

 
(135.5

)

Common dividends

 
(71.8

)

—

 

—

 
(71.8

)

Intercompany

 
248.7

 
(340.8

)
92.1

 

—

 

Other, net

 
(73.3

)
(1.7

)
(17.8

)
(92.8

)

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) financing activities

 
2,210.6

 
(350.0

)
(123.5

)
1,737.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 
(10.1

)
(3.0

)
22.6

 
9.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 
4.0

 
(0.4

)
29.0

 
32.6

 

Cash and cash equivalents — beginning of period

 
1.5

 
0.4

 
189.5

 
191.4

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents — end of period

 

$
5.5

 

$

—

 

$
218.5

 

$
224.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

 

For the Year Ended December 31, 2014

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) continuing operating activities

 

$
68.3

 

$
367.8

 

$
576.4

 

$
1,012.5

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 
(10.4

)
(181.8

)
(198.6

)
(390.8

)

Other, net

 
(7.9

)
(10.3

)
17.6

 
(0.6

)

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) investing activities

 
(18.3

)
(192.1

)
(181.0

)
(391.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 
375.0

 

—

 
36.9

 
411.9

 

Repayments of long-term borrowings

 
(690.4

)
(0.5

)
(206.9

)
(897.8

)

Net change in short-term borrowings

 
1.9

 
(22.2

)
88.5

 
68.2

 

Proceeds from issuances of common stock

 
37.2

 

—

 

—

 
37.2

 

Acquisitions of treasury stock

 
(397.3

)

—

 

—

 
(397.3

)

Common dividends

 
(72.7

)

—

 

—

 
(72.7

)

Intercompany

 
470.0

 
(152.9

)
(317.1

)

—

 

Other, net

 
17.5

 

—

 
(12.3

)
5.2

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) financing activities

 
(258.8

)
(175.6

)
(410.9

)
(845.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 
(8.3

)

—

 
7.9

 
(0.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 
(217.1

)
0.1

 
(7.6

)
(224.6

)

Cash and cash equivalents — beginning of period

 
218.6

 
0.3

 
197.1

 
416.0

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents — end of period

 

$
1.5

 

$
0.4

 

$
189.5

 

$
191.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condensed Consolidating Statement of Cash Flows

 

 

 

For the Year Ended December 31, 2013

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) continuing operating activities

 

$
(50.5

)

$
464.7

 

$
427.1

 

$
841.3

 

Cash provided by (used in) discontinued operating activities

 
0.2

 
(2.5

)

—

 
(2.3

)

 

 

 

 

 

 

 

 

 

 

Total cash provided by (used in) operating activities

 
(50.3

)
462.2

 
427.1

 
839.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 
(6.7

)
(169.2

)
(202.4

)
(378.3

)

Business acquisition, net of cash acquired

 

—

 
(12.5

)
(1.7

)
(14.2

)

Other, net

 
(19.6

)
(2.5

)
35.5

 
13.4

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) investing activities

 
(26.3

)
(184.2

)
(168.6

)
(379.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 
1,373.0

 
1.0

 
269.1

 
1,643.1

 

Repayments of long-term borrowings

 
(882.7

)

—

 
(412.2

)
(1,294.9

)

Net change in short-term borrowings

 
(25.0

)
29.6

 
(62.2

)
(57.6

)

Proceeds from issuances of common stock

 
32.9

 

—

 

—

 
32.9

 

Acquisitions of treasury stock

 
(431.7

)

—

 

—

 
(431.7

)

Common dividends

 
(75.2

)

—

 

—

 
(75.2

)

Intercompany

 
316.5

 
(308.6

)
(7.9

)

—

 

Other, net

 
(6.0

)

—

 
(14.6

)
(20.6

)

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) financing activities

 
301.8

 
(278.0

)
(227.8

)
(204.0

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 
(6.8

)

—

 
(7.2

)
(14.0

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 
218.4

 

—

 
23.5

 
241.9

 

Cash and cash equivalents — beginning of period

 
0.2

 
0.3

 
173.6

 
174.1

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents — end of period

 

$
218.6

 

$
0.3

 

$
197.1

 

$
416.0