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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Business Segment Information  
Schedule of major customers

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

Coca-Cola Bottlers' Sales & Services Company LLC

 

9

%  

11

%  

11

%

Molson Coors Brewing Company and subsidiaries

 

9

%  

11

%  

11

%

U.S. Government

 

9

%  

10

%  

10

%

Anheuser-Busch InBev and subsidiaries

 

7

%

10

%

10

%

 

 

 

 

 

 

 

 

 

Summary of net sales and long lived assets by geographic area

Summary of Net Sales by Geographic Area (a)

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

    

U.S.

    

Foreign

    

Consolidated

 

 

 

 

 

 

 

 

 

 

2016

 

$

4,929

 

$

4,132

 

$

9,061

2015

 

 

4,738

 

 

3,259

 

 

7,997

2014

 

 

5,091

 

 

3,479

 

 

8,570

 

Summary of Net Long-Lived Assets by Geographic Area (a) (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

    

U.S.

    

Brazil

    

Other

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

2,097

 

$

885

 

$

2,509

 

$

5,491

2015

 

 

1,211

 

 

463

 

 

1,313

 

 

2,987

(a)

Includes intercompany eliminations.

(b)

Long-lived assets exclude goodwill, intangible assets and noncurrent restricted cash.

Summary of business by segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

($ in millions)

    

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

3,612

 

$

3,202

 

$

3,187

Beverage packaging, South America

 

 

1,014

 

 

591

 

 

588

Beverage packaging, Europe

 

 

1,915

 

 

1,653

 

 

1,896

Food and aerosol packaging

 

 

1,171

 

 

1,297

 

 

1,504

Aerospace

 

 

818

 

 

810

 

 

935

Reportable segment sales

 

 

8,530

 

 

7,553

 

 

8,110

Other

 

 

531

 

 

444

 

 

460

Net sales

 

$

9,061

 

$

7,997

 

$

8,570

 

 

 

 

 

 

 

 

 

 

Comparable operating earnings

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

469

 

$

402

 

$

388

Beverage packaging, South America

 

 

185

 

 

80

 

 

95

Beverage packaging, Europe

 

 

217

 

 

192

 

 

223

Food and aerosol packaging

 

 

109

 

 

108

 

 

154

Aerospace

 

 

88

 

 

82

 

 

94

Reportable segment comparable operating earnings

 

 

1,068

 

 

864

 

 

954

Reconciling items

 

 

 

 

 

 

 

 

 

Other (a)

 

 

(92)

 

 

(63)

 

 

(34)

Business consolidation and other activities

 

 

(337)

 

 

(195)

 

 

(81)

Amortization of acquired Rexam intangibles

 

 

(65)

 

 

 —

 

 

 —

Cost of sales associated with Rexam inventory step-up

 

 

(84)

 

 

 —

 

 

 —

Egyptian pound devaluation

 

 

(27)

 

 

 —

 

 

 —

Earnings before interest and taxes

 

 

463

 

 

606

 

 

839

Interest expense

 

 

(229)

 

 

(143)

 

 

(160)

Debt refinancing and other costs

 

 

(109)

 

 

(117)

 

 

(33)

Total interest expense

 

 

(338)

 

 

(260)

 

 

(193)

Earnings before taxes

 

 

125

 

 

346

 

 

646

Tax (provision) benefit

 

 

126

 

 

(47)

 

 

(150)

Equity in results of affiliates, net of tax

 

 

15

 

 

4

 

 

2

Net earnings

 

 

266

 

 

303

 

 

498

Less net earnings attributable to noncontrolling interests

 

 

(3)

 

 

(22)

 

 

(28)

Net earnings attributable to Ball Corporation

 

$

263

 

$

281

 

$

470

(a)

Includes undistributed corporate expenses, net, of $110 million, $93 million and $86 million for the years ended December 2016, 2015 and 2014, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

($ in millions)

    

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

117

 

$

73

 

$

72

Beverage packaging, South America

 

 

78

 

 

41

 

 

37

Beverage packaging, Europe

 

 

121

 

 

60

 

 

63

Food and aerosol packaging

 

 

57

 

 

59

 

 

57

Aerospace

 

 

30

 

 

27

 

 

26

Reportable segment depreciation and amortization

 

 

403

 

 

260

 

 

255

Other

 

 

50

 

 

26

 

 

26

Depreciation and amortization

 

$

453

 

$

286

 

$

281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

234

 

$

250

 

$

101

Beverage packaging, South America

 

 

33

 

 

25

 

 

23

Beverage packaging, Europe

 

 

126

 

 

122

 

 

109

Food and aerosol packaging

 

 

80

 

 

61

 

 

82

Aerospace

 

 

41

 

 

28

 

 

30

Reportable segment capital expenditures

 

 

514

 

 

486

 

 

345

Other

 

 

92

 

 

42

 

 

46

Capital expenditures

 

$

606

 

$

528

 

$

391