Debt and Interest Costs (Tables)

12 Months Ended

Dec. 31, 2016

Debt and Interest Costs

Schedule of long-term debt

	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		736		760
5.00% due March 2022		750		750
3.50%, euro denominated, due December 2020		421		435
Senior Credit Facilities, due March 2021 (at variable rates)
Term A loan, due June 2021 (2016 - 2.52%)		1,383		—
Term A loan, euro denominated, due June 2021 (2016 - 1.75%)		954		—
Multi-currency USD revolver due March 2021 (2016 - 2.47%)		190		—
Latapack-Ball Notes Payable, denominated in various currencies
(2015 - 4.35%)		—		168
Other (including debt issuance costs)		(45)		(85)
		7,389		5,028
Less: Current portion of long-term debt		(79)		(54)
	$	7,310	$	4,974

Schedule of Debt Refinancing and Other Costs

	Years Ended December 31,
($ in millions)	2016		2015		2014
Debt Refinancing and Other Costs:
Interest expense on 3.5% and 4.375% senior notes	$	(49)	$	(5)	$	—
Economic hedge - interest rate risk		(20)		(16)		—
Refinance of bridge and revolving credit facilities		(30)		(16)		—
Amortization of unsecured, committed bridge facility financing fees		(7)		(23)		—
Redemption of 6.75% and 5.75% senior notes, due September 2020 and May 2021, respectively, and refinance of senior credit facilities		—		(57)		—
Redemption of 7.375% senior notes, due September 2019		—		—		(33)
Individually insignificant items		(3)		—		—
	$	(109)	$	(117)	$	(33)