Debt and Interest Costs (Tables)

9 Months Ended

Sep. 30, 2016

Debt and Interest Costs

Schedule of long-term debt

	September 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		787		760
5.00% due March 2022		750		750
3.50%, euro denominated, due December 2020		449		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		1,174		—
Multi-currency USD revolver due March 2021 at variable rate		290		—
Latapack-Ball Notes Payable, denominated in various currencies
(2015 - 4.35%)		—		168
Other (including debt issuance costs)		(47)		(85)
		7,803		5,028
Less: Current portion of long-term debt		(79)		(54)
	$	7,724	$	4,974

Schedule of Debt Refinancing and Other Costs

	Three Months Ended September 30,				Nine Months Ended September 30,
($in millions)	2016		2015		2016		2015
Debt Refinancing and Other Costs:
Interest expense on 3.5% and 4.375% senior notes	$	—	$	—	$	(49)	$	—
Economic hedge - interest rate risk		—		(15)		(20)		(10)
Refinance of bridge and revolving credit facilities		—		—		(30)		(5)
Amortization of unsecured, committed bridge facility financing fees		—		(6)		(7)		(13)
Redemption of 6.75% and 5.75% senior notes, due September 2020 and May 2021, respectively, and refinance of senior credit facilities		—		—		—		(58)
Individually insignificant items		(2)		—		(2)		—
	$	(2)	$	(21)	$	(108)	$	(86)