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Goodwill
 3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets  
Goodwill

9.     Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

    


Beverage
Packaging,
North & Central
America

    


Beverage
Packaging,
South America

    


Beverage
Packaging,
Europe

    

Food
&
Aerosol
Packaging

    


Aerospace

    

Other

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

1,614

 

$

970

 

$

1,632

 

$

599

 

$

40

 

$

240

 

$

5,095

Opening balance sheet adjustments

 

 

18

 

 

 4

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

22

Business dispositions

 

 

 —

 

 

 —

 

 

 —

 

 

(9)

 

 

 —

 

 

 —

 

 

(9)

Effects of currency exchange rates

 

 

 —

 

 

 —

 

 

40

 

 

 2

 

 

 —

 

 

 2

 

 

44

Balance at March 31, 2017

 

$

1,632

 

$

974

 

$

1,672

 

$

592

 

$

40

 

$

242

 

$

5,152

 

The company’s annual goodwill impairment test completed in the fourth quarter of 2016 indicated the fair value of the beverage packaging, Asia (Beverage Asia), reporting unit exceeded its carrying amount by approximately 23 percent. The current supply of metal beverage packaging exceeds demand in China, resulting in pricing pressure and negative impacts on the profitability of our Beverage Asia reporting unit. If it becomes an expectation that this oversupply situation will continue for an extended period of time, the company may be required to record a noncash impairment charge for some or all of the goodwill associated with the Beverage Asia reporting unit, the total balance of which was $78 million at March 31, 2017.