Acquisitions (Tables)

3 Months Ended

Mar. 31, 2017

Acquisitions and Dispositions

Summary of divestment business

	Three Months Ended March 31,
($ in millions)	2016
Earnings before taxes	$	37
Earnings before taxes attributable to Ball Corporation	$	37

Summary of net assets acquired

	June 30,
($ in millions)	2016
Cash	$	450
Receivables, net		775
Inventories, net		792
Other current assets		164
Assets held for sale (sold to Ardagh on June 30, 2016)		913
Total current assets		3,094
Property, plant and equipment		2,296
Goodwill		3,799
Intangible assets		1,888
Restricted cash		174
Other assets		439
Total assets acquired		11,690
Short-term debt and current portion of long-term debt		2,792
Accounts payable		870
Accrued employee costs		135
Liabilities held for sale (sold to Ardagh on June 30, 2016)		7
Other current liabilities		377
Total current liabilities		4,181
Long-term debt		28
Employee benefit obligations		508
Deferred taxes and other liabilities		723
Total liabilities assumed		5,440
Net assets acquired		6,250
Noncontrolling interests		(90)
Aggregate value of consideration paid	$	6,160

Summary of certain intangible assets

($ in millions)	Fair Value		Weighted- Average Estimated Useful Life (in Years)
Customer relationships	$	1,840	15
Trademarks		40	5
Technology		8	9
	$	1,888

Summary of unaudited pro forma consolidated results of operations

	Three Months Ended March 31,
($ in millions, except per share amounts)	2016
Net sales (1)	$	2,418
Net earnings attributable to Ball Corporation (2)		22
Basic earnings per share		0.13
Diluted earnings per share		0.12

(1) Net sales were adjusted to include net sales of Rexam. The company also excluded the net sales attributable to the Divestment Business.

(2) Pro forma adjustments to net earnings attributable to Ball Corporation were adjusted as follows:

· Excludes acquisition-related transaction costs and debt refinancing costs incurred in the three months ended March 31, 2016.

· Includes interest expense associated with the new debt utilized to finance the acquisition.

· Includes depreciation and amortization expense based on the increased fair value of property, plant and equipment and amortizable intangible assets acquired.

· Excludes net earnings attributable to the Divestment Business for the three months ended March 31, 2016.