5. Business Consolidation and Other Activities

The following is a summary of business consolidation and other activity (charges)/income included in the unaudited condensed consolidated statements of earnings:


	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2016		2015		2016		2015

Beverage packaging, North and Central America	$	(6)	$	(20)	$	(12)	$	(21)
Beverage packaging, South America		(6)		—		(15)		—
Beverage packaging, Europe		(10)		(2)		(19)		(9)
Food and aerosol packaging		(4)		—		(21)		(1)
Aerospace		—		—		—		1
Other		(53)		(130)		(252)		(108)
	$	(79)	$	(152)	$	(319)	$	(138)

2016

Beverage Packaging, North and Central America

For the three and nine months ended September 30, 2016, the company recorded charges of $2 million and $3 million, respectively, for professional services and other costs associated with the acquisition of Rexam.

For the three and nine months ended September 30, 2016, the company also recorded charges of $3 million and $4 million, respectively, related to the plant closure in Bristol, Virginia.

Other charges in the three and nine months ended September 30, 2016, included $1 million and $5 million, respectively, of individually insignificant activities.

Beverage Packaging, South America

For the three and nine months ended September 30, 2016, the company recorded charges of $2 million and $11 million, respectively, for professional services and other costs associated with the acquisition of Rexam.

Other charges in the three and nine months ended September 30, 2016, included $4 million of individually insignificant activities.

Beverage Packaging, Europe

For the nine months ended September 30, 2016, the company recorded charges of $7 million for professional services and other costs associated with the acquisition of Rexam.

Other charges in the three and nine months ended September 30, 2016, included $10 million and $12 million, respectively, of individually insignificant activities.

Food and Aerosol Packaging

During the first quarter of 2016, the company announced the closure of its food and aerosol packaging flat sheet production and end-making facility in Weirton, West Virginia, which will cease production in early 2017. Charges in the three and nine months ended September 30, 2016, were $3 million and $14 million, respectively, and are comprised of employee severance and benefits, facility shutdown costs, and asset impairment and disposal costs.

Other charges in the three and nine months ended September 30, 2016, included $1 million and $7 million, respectively, of individually insignificant activities.

Other

During the three months ended September 30, 2016, the company recorded the following amounts:

Expense of $22 million for compensation arrangements related to the Rexam acquisition primarily for severance payments to terminated or divested personnel and an out-of-period $13 million charge, which is immaterial to both periods, for payroll tax payments that should have been accrued at change of control in the second quarter of 2016.

Expense of $33 million for professional services and other costs associated with the acquisition of Rexam.

$22 million of foreign currency gains from the revaluation of foreign currency denominated restricted cash and intercompany loans related to the cash component of the Rexam acquisition purchase price, the sale of the Divestment Business and the revaluation of the euro-denominated debt issuance in December 2015.

$3 million reduction in the gain related to the sale of the Divestment Business.

Expense of $4 million for individually insignificant activities.

During the nine months ended September 30, 2016, the company recorded the following charges:

Expense of $289 million for professional services and other costs associated with the acquisition of Rexam.

$174 million of foreign currency losses from the revaluation of foreign currency denominated restricted cash and intercompany loans related to the cash component of the Rexam acquisition purchase price, the sale of the Divestment Business, and the revaluation of the euro-denominated debt issuance in December 2015.

Expense of $106 million for compensation arrangements related to the Rexam acquisition.

A gain of $328 million in connection with the sale of the Ball portion of the Divestment Business.

Expense of $11 million for individually insignificant activities.

2015

Beverage Packaging, North and Central America

During the third quarter of 2015, the company announced the closure of its beverage packaging end-making facility in Bristol, Virginia, which ceased production in the second quarter of 2016. The closure will realign end-making capacities in North America to better position the company to meet customer demand. The company recorded initial charges of $20 million in the third quarter, which are comprised of $19 million in severance, pension and other employee benefits and other individually insignificant items totaling $1 million.

During the first nine months of 2015, the company also recognized charges of $1 million for individually insignificant items.

Beverage Packaging, Europe

During the first nine months of 2015, the company recorded a charge of $5 million for the write down of property held for sale to fair value less cost to sell.

During the third quarter and first nine months of 2015, the company recorded charges of $2 million and $4 million, respectively, for individually insignificant items.

Other

During the third quarter and first nine months of 2015, the company recorded charges of $129 million and $105 million respectively, for professional services and other costs associated with the acquisition of Rexam announced in February 2015.

Other charges in the third quarter and first nine months of 2015 included $1 million and $3 million, respectively, for insignificant activities.