Debt and Interest Costs (Tables)

6 Months Ended

Jun. 30, 2016

Debt and Interest Costs

Schedule of long-term debt

	June 30,		December 31,
($ in millions)	2016		2015
Senior Notes
5.25% due July 2025	$	1,000	$	1,000
4.375% due December 2020		1,000		1,000
4.00% due November 2023		1,000		1,000
4.375%, euro denominated, due December 2023		777		760
5.00% due March 2022		750		750
3.50%, euro denominated, due December 2020		444		435
Senior Credit Facilities, due March 2021 (at variable rates)
Term A loan, due March 2021		1,400		—
Term A loan, euro denominated, due March 2021		1,222		—
Multi-currency euro revolver due March 2021 at variable rate		407		—
Multi-currency USD revolver due March 2021 at variable rate		205		—
Latapack-Ball Notes Payable, denominated in various currencies
(2016 - 4.64 %; 2015 - 4.35%)		140		168
Rexam
4.15% due 2022		457		—
4.5% due 2022		176		—
4.30% due 2024		210		—
Euro Revolver		608		—
Subordinated bond		833		—
Rexam Other		489		—
Other (including debt issuance costs)		(83)		(85)
		11,035		5,028
Less: Current portion of long-term debt		(2,801)		(54)
	$	8,234	$	4,974

Schedule of Debt Refinancing and Other Costs

	Three Months Ended June 30,				Six Months Ended June 30,
($in millions)	2016		2015		2016		2015
Debt Refinancing and Other Costs:
Interest expense on 3.5% and 4.375% senior notes	$	(25)	$	—	$	(49)	$	—
Economic hedge - interest rate risk		(4)		5		(20)		5
Refinance of bridge and revolving credit facilities		(17)		(5)		(30)		(5)
Amortization of unsecured, committed bridge facility financing fees		—		(5)		(7)		(7)
Redemption of 6.75% and 5.75% senior notes, due September 2020 and May 2021, respectively, and refinance of senior credit facilities		—		—		—		(58)
	$	(46)	$	(5)	$	(106)	$	(65)