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Receivables
6 Months Ended
Jun. 30, 2016
Receivables  
Receivables

6.     Receivables

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

($ in millions)

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Trade accounts receivable

 

$

1,529

 

$

759

 

Less allowance for doubtful accounts

 

 

(5)

 

 

(5)

 

Net trade accounts receivable

 

 

1,524

 

 

754

 

Other receivables

 

 

386

 

 

131

 

 

 

$

1,910

 

$

885

 

 

The company has entered into several regional committed and uncommitted accounts receivable factoring programs with various 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 $789 million at June 30, 2016. A total of $748 million and $479 million were sold under these programs as of June 30, 2016, and December 31, 2015, respectively. Included within other receivables is $235 million of amounts due from Ardagh for the sale of the Divestment Business.