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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Business Segment Information  
Summary of business by segment

 

 

 

 

 

 

 

`

 

Three Months Ended March 31,

($ in millions)

    

2017

    

2016

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

949

 

$

734

Beverage packaging, South America

 

 

371

 

 

126

Beverage packaging, Europe

 

 

508

 

 

356

Food and aerosol packaging

 

 

272

 

 

284

Aerospace

 

 

236

 

 

180

Reportable segment sales

 

 

2,336

 

 

1,680

Other

 

 

137

 

 

76

Net sales

 

$

2,473

 

$

1,756

 

 

 

 

 

 

 

Comparable operating earnings

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

123

 

$

93

Beverage packaging, South America

 

 

58

 

 

18

Beverage packaging, Europe

 

 

47

 

 

39

Food and aerosol packaging

 

 

21

 

 

20

Aerospace

 

 

21

 

 

18

Reportable segment comparable operating earnings

 

 

270

 

 

188

Reconciling items

 

 

 

 

 

 

Other (a)

 

 

(31)

 

 

(31)

Business consolidation and other activities

 

 

(55)

 

 

(267)

Amortization of acquired Rexam intangibles

 

 

(32)

 

 

 —

Earnings (loss) before interest and taxes

 

 

152

 

 

(110)

Interest expense

 

 

(68)

 

 

(38)

Debt refinancing and other costs

 

 

 —

 

 

(61)

Total interest expense

 

 

(68)

 

 

(99)

Earnings (loss) before taxes

 

 

84

 

 

(209)

Tax (provision) benefit

 

 

(22)

 

 

83

Equity in results of affiliates, net of tax

 

 

 8

 

 

(1)

Net earnings (loss)

 

 

70

 

 

(127)

Less net earnings attributable to noncontrolling interests

 

 

(2)

 

 

 —

Net earnings (loss) attributable to Ball Corporation

 

$

68

 

$

(127)


(a)

Includes undistributed corporate expenses, net, of $45 million and $22 million for the first quarter of 2017 and 2016, respectively.