XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Receivables
9 Months Ended
Sep. 30, 2016
Receivables  
Receivables

6.     Receivables

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

($ in millions)

2016

    

2015

 

 

 

 

 

 

 

 

Trade accounts receivable

$

1,482

 

$

759

 

Less allowance for doubtful accounts

 

(8)

 

 

(5)

 

Net trade accounts receivable

 

1,474

 

 

754

 

Other receivables

 

315

 

 

131

 

 

$

1,789

 

$

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 $679 million at September 30, 2016. A total of $465 million and $479 million were sold under these programs as of September 30, 2016, and December 31, 2015, respectively. Included in other receivables is $75 million due from Ardagh for the sale of the Divestment Business.