Subsidiary Guarantees of Debt (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Condensed Consolidating Statement of Earnings

	Unaudited Condensed Consolidating Statement of Earnings
	Three Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	1,273	$	1,631	$	(49)	$	2,855
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,066)		(1,253)		49		(2,270)
Depreciation and amortization		(2)		(37)		(190)		—		(229)
Selling, general and administrative		(55)		(37)		(36)		—		(128)
Business consolidation and other activities		(14)		(8)		(19)		—		(41)
Equity in results of subsidiaries		148		2		—		(150)		—
Intercompany		81		(45)		(36)		—		—
		158		(1,191)		(1,534)		(101)		(2,668)
Earnings (loss) before interest and taxes		158		82		97		(150)		187
Interest expense		(68)		1		(7)		—		(74)
Debt refinancing and other costs		—		—		(1)		—		(1)
Total interest expense		(68)		1		(8)		—		(75)
Earnings (loss) before taxes		90		83		89		(150)		112
Tax (provision) benefit		9		(27)		(4)		—		(22)
Equity in results of affiliates, net of tax		—		1		9		—		10
Net earnings (loss)		99		57		94		(150)		100
Less net earnings attributable to
noncontrolling interests		—		—		(1)		—		(1)
Net earnings (loss) attributable to
Ball Corporation	$	99	$	57	$	93	$	(150)	$	99
Comprehensive earnings (loss) attributable to Ball Corporation	$	(7)	$	(45)	$	(12)	$	57	$	(7)

	Unaudited Condensed Consolidating Statement of Earnings
	Three Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	1,206	$	882	$	(58)	$	2,030
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(975)		(679)		58		(1,596)
Depreciation and amortization		(1)		(36)		(41)		—		(78)
Selling, general and administrative		(13)		(42)		(50)		—		(105)
Business consolidation and other activities		770		(6)		(736)		—		28
Equity in results of subsidiaries		(481)		286		1		194		—
Intercompany		60		(44)		(16)		—		—
		335		(817)		(1,521)		252		(1,751)
Earnings (loss) before interest and taxes		335		389		(639)		194		279
Interest expense		(38)		(1)		(2)		—		(41)
Debt refinancing and other costs		(36)		—		(10)		—		(46)
Total interest expense		(74)		(1)		(12)		—		(87)
Earnings (loss) before taxes		261		388		(651)		194		192
Tax (provision) benefit		46		(32)		100		—		114
Equity in results of affiliates, net of tax		—		1		—		—		1
Net earnings (loss)		307		357		(551)		194		307
Less net earnings attributable to
noncontrolling interests		—		—		—		—		—
Net earnings (loss) attributable to	$	307	$	357	$	(551)	$	194	$	307
Ball Corporation
Comprehensive earnings (loss) attributable  to Ball Corporation	$	323	$	385	$	(543)	$	158	$	323

	Unaudited Condensed Consolidating Statement of Earnings
	Six Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	2,388	$	3,004	$	(64)	$	5,328
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,969)		(2,340)		64		(4,245)
Depreciation and amortization		(3)		(73)		(301)		—		(377)
Selling, general and administrative		(100)		(79)		(92)		—		(271)
Business consolidation and other activities		(64)		(4)		(28)		—		(96)
Equity in results of subsidiaries		270		7		—		(277)		—
Intercompany		162		(87)		(75)		—		—
		265		(2,205)		(2,836)		(213)		(4,989)
Earnings (loss) before interest and taxes		265		183		168		(277)		339
Interest expense		(134)		3		(11)		—		(142)
Debt refinancing and other costs		—		—		(1)		—		(1)
Total interest expense		(134)		3		(12)		—		(143)
Earnings (loss) before taxes		131		186		156		(277)		196
Tax (provision) benefit		36		(64)		(16)		—		(44)
Equity in results of affiliates, net of tax		—		1		17		—		18
Net earnings		167		123		157		(277)		170
Less net earnings attributable to
noncontrolling interests		—		—		(3)		—		(3)
Net earnings attributable to
Ball Corporation	$	167	$	123	$	154	$	(277)	$	167
Comprehensive earnings (loss) attributable  to Ball Corporation	$	189	$	115	$	134	$	(249)	$	189

	Unaudited Condensed Consolidating Statement of Earnings
	Six Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	2,281	$	1,587	$	(83)	$	3,785
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,862)		(1,233)		83		(3,012)
Depreciation and amortization		(2)		(71)		(80)		—		(153)
Selling, general and administrative		(32)		(82)		(99)		—		(213)
Business consolidation and other activities		510		(23)		(726)		—		(239)
Equity in results of subsidiaries		(396)		322		—		74		—
Intercompany		110		(87)		(23)		—		—
		190		(1,803)		(2,161)		157		(3,617)
Earnings (loss) before interest and taxes		190		478		(574)		74		168
Interest expense		(75)		(1)		(3)		—		(79)
Debt refinancing and other costs		(96)		—		(10)		—		(106)
Total interest expense		(171)		(1)		(13)		—		(185)
Earnings (loss) before taxes		19		477		(587)		74		(17)
Tax (provision) benefit		161		(51)		87		—		197
Equity in results of affiliates, net of tax		—		—		—		—		—
Net earnings		180		426		(500)		74		180
Less net earnings attributable to
noncontrolling interests		—		—		—		—		—
Net earnings attributable to
Ball Corporation	$	180	$	426	$	(500)	$	74	$	180
Comprehensive earnings (loss) attributable  to Ball Corporation	$	227	$	483	$	(474)	$	(9)	$	227

Schedule of Condensed Consolidating Balance Sheet

	Unaudited Condensed Consolidating Balance Sheet
	June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Assets
Current assets
Cash and cash equivalents	$	5	$	—	$	428	$	—	$	433
Receivables, net		67		402		1,168		—		1,637
Intercompany receivables		43		116		959		(1,118)		—
Inventories, net		—		550		974		—		1,524
Other current assets		31		34		106		—		171
Total current assets		146		1,102		3,635		(1,118)		3,765
Noncurrent assets
Property, plant and equipment, net		34		1,138		3,252		—		4,424
Investment in subsidiaries		8,079		2,276		79		(10,434)		—
Goodwill		3		981		3,874		—		4,858
Intangible assets, net		17		71		2,424		—		2,512
Other assets		80		19		1,063		—		1,162
Total assets	$	8,359	$	5,587	$	14,327	$	(11,552)	$	16,721
Liabilities and Shareholders' Equity
Current liabilities
Short-term debt and current portion of long-term debt	$	273	$	—	$	49	$	—	$	322
Accounts payable		11		787		1,348		—		2,146
Intercompany payables		1,014		79		59		(1,152)		—
Accrued employee costs		18		120		153		—		291
Other current liabilities		289		70		232		—		591
Total current liabilities		1,605		1,056		1,841		(1,152)		3,350
Noncurrent liabilities
Long-term debt		6,409		—		817		—		7,226
Employee benefit obligations		346		362		721		—		1,429
Intercompany long-term notes		(3,394)		115		3,245		34		—
Deferred taxes		(353)		207		779		—		633
Other liabilities		142		15		216		—		373
Total liabilities		4,755		1,755		7,619		(1,118)		13,011
Common stock		1,060		635		4,426		(5,061)		1,060
Preferred stock		—		—		5		(5)		—
Retained earnings		4,849		4,018		2,743		(6,761)		4,849
Accumulated other comprehensive earnings (loss)		(919)		(821)		(572)		1,393		(919)
Treasury stock, at cost		(1,386)		—		—		—		(1,386)
Total Ball Corporation shareholders' equity		3,604		3,832		6,602		(10,434)		3,604
Noncontrolling interests		—		—		106		—		106
Total shareholders' equity		3,604		3,832		6,708		(10,434)		3,710
Total liabilities and shareholders' equity	$	8,359	$	5,587	$	14,327	$	(11,552)	$	16,721

	Unaudited Condensed Consolidating Balance Sheet
	December 31, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Assets
Current assets
Cash and cash equivalents	$	2	$	(11)	$	606	$	—	$	597
Receivables, net		96		450		945		—		1,491
Intercompany receivables		39		125		963		(1,127)		—
Inventories, net		—		516		897		—		1,413
Other current assets		40		33		79		—		152
Total current assets		177		1,113		3,490		(1,127)		3,653
Noncurrent assets
Property, plant and equipment, net		23		1,087		3,277		—		4,387
Investment in subsidiaries		7,815		2,289		79		(10,183)		—
Goodwill		—		990		4,105		—		5,095
Intangible assets, net		18		76		1,840		—		1,934
Other assets		94		20		990		—		1,104
Total assets	$	8,127	$	5,575	$	13,781	$	(11,310)	$	16,173
Liabilities and Shareholders' Equity
Current liabilities
Short-term debt and current portion of long-term debt	$	141	$	—	$	81	$	—	$	222
Accounts payable		18		771		1,244		—		2,033
Intercompany payables		1,010		52		65		(1,127)		—
Accrued employee costs		25		135		155		—		315
Other current liabilities		138		65		196		—		399
Total current liabilities		1,332		1,023		1,741		(1,127)		2,969
Noncurrent liabilities
Long-term debt		6,337		—		973		—		7,310
Employee benefit obligations		347		440		710		—		1,497
Intercompany long-term notes		(3,142)		178		2,964		—		—
Deferred taxes		(308)		198		549		—		439
Other liabilities		127		20		270		—		417
Total liabilities		4,693		1,859		7,207		(1,127)		12,632
Common stock		1,038		635		4,426		(5,061)		1,038
Preferred stock		—		—		5		(5)		—
Retained earnings		4,739		3,893		2,589		(6,482)		4,739
Accumulated other comprehensive earnings (loss)		(942)		(812)		(552)		1,365		(941)
Treasury stock, at cost		(1,401)		—		—		—		(1,401)
Total Ball Corporation shareholders' equity		3,434		3,716		6,468		(10,183)		3,435
Noncontrolling interests		—		—		106		—		106
Total shareholders' equity		3,434		3,716		6,574		(10,183)		3,541
Total liabilities and shareholders' equity	$	8,127	$	5,575	$	13,781	$	(11,310)	$	16,173

Schedule of Condensed Consolidating Statement of Cash Flows

	Unaudited Condensed Consolidating Statement of Cash Flows
	Six Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Consolidated Total
Cash provided by (used in) operating activities	$	219	$	123	$	(79)	$	263
Cash flows from investing activities capital expenditures		(15)		(138)		(87)		(240)
Business dispositions, net of cash sold		—		31		—		31
Other, net		2		26		(26)		2
Cash provided by (used in) investing activities		(13)		(81)		(113)		(207)
Cash flows from financing activities
Long-term borrowings		290		—		—		290
Repayments of long-term borrowings		(325)		—		(236)		(561)
Net change in short-term borrowings		131		—		(40)		91
Proceeds from issuances of common stock, net of shares used for taxes		14		—		—		14
Acquisitions of treasury stock		(3)		—		—		(3)
Common stock dividends		(58)		—		—		(58)
Intercompany		(252)		(30)		282		—
Other, net		—		(1)		—		(1)
Cash provided by (used in) financing activities		(203)		(31)		6		(228)
Effect of exchange rate changes on cash		—		—		8		8
Change in cash and cash equivalents		3		11		(178)		(164)
Cash and cash equivalents – beginning of period		2		(11)		606		597
Cash and cash equivalents – end of period	$	5	$	—	$	428	$	433

	Unaudited Condensed Consolidating Statement of Cash Flows
	Six Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Consolidated Total
Cash provided by (used in) operating activities	$	(23)	$	158	$	(99)	$	36
Cash flows from investing activities capital expenditures		(6)		(97)		(170)		(273)
Business acquisition, net of cash acquired		4,506		(36)		(4,057)		413
Proceeds from dispositions, net of cash sold		884		—		1,931		2,815
Other, net		(91)		6		(1)		(86)
Cash provided by (used in) investing activities		5,293		(127)		(2,297)		2,869
Cash flows from financing activities
Long-term borrowings		2,195		—		1,629		3,824
Repayments of long-term borrowings		(590)		—		(31)		(621)
Net change in short-term borrowings		200		—		50		250
Proceeds from issuances of common stock, net of shares used for taxes		23		—		—		23
Acquisitions of treasury stock		(98)		—		—		(98)
Common stock dividends		(37)		—		—		(37)
Intercompany		(4,827)		(29)		4,856		—
Other, net		(11)		(1)		(9)		(21)
Cash provided by (used in) financing activities		(3,145)		(30)		6,495		3,320
Effect of exchange rate changes on cash		5		—		(55)		(50)
Change in cash and cash equivalents		2,130		1		4,044		6,175
Cash and cash equivalents – beginning of period		5		—		219		224
Cash and cash equivalents – end of period	$	2,135	$	1	$	4,263	$	6,399

Guarantees Relating to Senior Notes

Schedule of Condensed Consolidating Statement of Earnings

	Unaudited Condensed Consolidating Statement of Earnings
	Three Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	1,273	$	1,631	$	(49)	$	2,855
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,066)		(1,253)		49		(2,270)
Depreciation and amortization		(2)		(37)		(190)		—		(229)
Selling, general and administrative		(55)		(16)		(57)		—		(128)
Business consolidation and other activities		(14)		(9)		(18)		—		(41)
Equity in results of subsidiaries		148		13		6		(167)		—
Intercompany		81		(43)		(38)		—		—
		158		(1,158)		(1,550)		(118)		(2,668)
Earnings (loss) before interest and taxes		158		115		81		(167)		187
Interest expense		(68)		1		(7)		—		(74)
Debt refinancing and other costs		—		—		(1)		—		(1)
Total interest expense		(68)		1		(8)		—		(75)
Earnings (loss) before taxes		90		116		73		(167)		112
Tax (provision) benefit		9		(26)		(5)		—		(22)
Equity in results of affiliates, net of tax		—		1		9		—		10
Net earnings (loss)		99		91		77		(167)		100
Less net earnings attributable to
noncontrolling interests		—		—		(1)		—		(1)
Net earnings (loss) attributable to
Ball Corporation	$	99	$	91	$	76	$	(167)	$	99
Comprehensive earnings (loss) attributable to Ball Corporation	$	(7)	$	(15)	$	(30)	$	45	$	(7)

	Unaudited Condensed Consolidating Statement of Earnings
	Three Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	1,206	$	882	$	(58)	$	2,030
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(975)		(679)		58		(1,596)
Depreciation and amortization		(1)		(36)		(41)		—		(78)
Selling, general and administrative		(13)		(42)		(50)		—		(105)
Business consolidation and other activities		770		(19)		(723)		—		28
Equity in results of subsidiaries		(481)		(541)		(810)		1,832		—
Intercompany		60		(43)		(17)		—		—
		335		(1,656)		(2,320)		1,890		(1,751)
Earnings (loss) before interest and taxes		335		(450)		(1,438)		1,832		279
Interest expense		(38)		(1)		(2)		—		(41)
Debt refinancing and other costs		(36)		—		(10)		—		(46)
Total interest expense		(74)		(1)		(12)		—		(87)
Earnings (loss) before taxes		261		(451)		(1,450)		1,832		192
Tax (provision) benefit		46		(32)		100		—		114
Equity in results of affiliates, net of tax		—		1		—		—		1
Net earnings (loss)		307		(482)		(1,350)		1,832		307
Less net earnings attributable to
noncontrolling interests		—		—		—		—		—
Net earnings (loss) attributable to	$	307	$	(482)	$	(1,350)	$	1,832	$	307
Ball Corporation
Comprehensive earnings (loss) attributable  to Ball Corporation	$	323	$	(461)	$	(1,342)	$	1,803	$	323

	Unaudited Condensed Consolidating Statement of Earnings
	Six Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	2,388	$	3,004	$	(64)	$	5,328
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,969)		(2,340)		64		(4,245)
Depreciation and amortization		(3)		(73)		(301)		—		(377)
Selling, general and administrative		(100)		(58)		(113)		—		(271)
Business consolidation and other activities		(64)		(5)		(27)		—		(96)
Equity in results of subsidiaries		270		17		(1)		(286)		—
Intercompany		162		(83)		(79)		—		—
		265		(2,171)		(2,861)		(222)		(4,989)
Earnings (loss) before interest and taxes		265		217		143		(286)		339
Interest expense		(134)		3		(11)		—		(142)
Debt refinancing and other costs		—		—		(1)		—		(1)
Total interest expense		(134)		3		(12)		—		(143)
Earnings (loss) before taxes		131		220		131		(286)		196
Tax (provision) benefit		36		(64)		(16)		—		(44)
Equity in results of affiliates, net of tax		—		1		17		—		18
Net earnings		167		157		132		(286)		170
Less net earnings attributable to
noncontrolling interests		—		—		(3)		—		(3)
Net earnings attributable to
Ball Corporation	$	167	$	157	$	129	$	(286)	$	167
Comprehensive earnings (loss) attributable  to Ball Corporation	$	189	$	154	$	114	$	(268)	$	189

	Unaudited Condensed Consolidating Statement of Earnings
	Six Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Net sales	$	—	$	2,281	$	1,587	$	(83)	$	3,785
Cost and expenses
Cost of sales (excluding depreciation and amortization)		—		(1,862)		(1,233)		83		(3,012)
Depreciation and amortization		(2)		(71)		(80)		—		(153)
Selling, general and administrative		(32)		(82)		(99)		—		(213)
Business consolidation and other activities		510		(23)		(726)		—		(239)
Equity in results of subsidiaries		(396)		(505)		(811)		1,712		—
Intercompany		110		(84)		(26)		—		—
		190		(2,627)		(2,975)		1,795		(3,617)
Earnings (loss) before interest and taxes		190		(346)		(1,388)		1,712		168
Interest expense		(75)		(1)		(3)		—		(79)
Debt refinancing and other costs		(96)		—		(10)		—		(106)
Total interest expense		(171)		(1)		(13)		—		(185)
Earnings (loss) before taxes		19		(347)		(1,401)		1,712		(17)
Tax (provision) benefit		161		(51)		87		—		197
Equity in results of affiliates, net of tax		—		—		—		—		—
Net earnings		180		(398)		(1,314)		1,712		180
Less net earnings attributable to
noncontrolling interests		—		—		—		—		—
Net earnings attributable to
Ball Corporation	$	180	$	(398)	$	(1,314)	$	1,712	$	180
Comprehensive earnings (loss) attributable  to Ball Corporation	$	227	$	(348)	$	(1,288)	$	1,636	$	227

Schedule of Condensed Consolidating Balance Sheet

	Unaudited Condensed Consolidating Balance Sheet
	June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Assets
Current assets
Cash and cash equivalents	$	5	$	—	$	428	$	—	$	433
Receivables, net		67		404		1,166		—		1,637
Intercompany receivables		43		491		959		(1,493)		—
Inventories, net		—		550		974		—		1,524
Other current assets		31		40		100		—		171
Total current assets		146		1,485		3,627		(1,493)		3,765
Noncurrent assets
Property, plant and equipment, net		34		1,139		3,251		—		4,424
Investment in subsidiaries		8,079		4,291		426		(12,796)		—
Goodwill		3		981		3,874		—		4,858
Intangible assets, net		17		71		2,424		—		2,512
Other assets		80		300		782		—		1,162
Total assets	$	8,359	$	8,267	$	14,384	$	(14,289)	$	16,721
Liabilities and Shareholders' Equity
Current liabilities
Short-term debt and current portion of long-term debt	$	273	$	—	$	49	$	—	$	322
Accounts payable		11		787		1,348		—		2,146
Intercompany payables		1,014		79		434		(1,527)		—
Accrued employee costs		18		133		140		—		291
Other current liabilities		289		75		227		—		591
Total current liabilities		1,605		1,074		2,198		(1,527)		3,350
Noncurrent liabilities
Long-term debt		6,409		—		817		—		7,226
Employee benefit obligations		346		669		414		—		1,429
Intercompany long-term notes		(3,394)		1,978		1,382		34		—
Deferred taxes		(353)		241		745		—		633
Other liabilities		142		31		200		—		373
Total liabilities		4,755		3,993		5,756		(1,493)		13,011
Common stock		1,060		1,127		6,294		(7,421)		1,060
Preferred stock		—		—		5		(5)		—
Retained earnings		4,849		3,988		2,790		(6,778)		4,849
Accumulated other comprehensive earnings (loss)		(919)		(841)		(567)		1,408		(919)
Treasury stock, at cost		(1,386)		—		—		—		(1,386)
Total Ball Corporation shareholders' equity		3,604		4,274		8,522		(12,796)		3,604
Noncontrolling interests		—		—		106		—		106
Total shareholders' equity		3,604		4,274		8,628		(12,796)		3,710
Total liabilities and shareholders' equity	$	8,359	$	8,267	$	14,384	$	(14,289)	$	16,721

	Unaudited Condensed Consolidating Balance Sheet
	December 31, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Eliminating Adjustments		Consolidated Total
Assets
Current assets
Cash and cash equivalents	$	2	$	(11)	$	606	$	—	$	597
Receivables, net		96		450		945		—		1,491
Intercompany receivables		39		467		963		(1,469)		—
Inventories, net		—		516		897		—		1,413
Other current assets		40		39		73		—		152
Total current assets		177		1,461		3,484		(1,469)		3,653
Noncurrent assets
Property, plant and equipment, net		23		1,087		3,277		—		4,387
Investment in subsidiaries		7,815		4,291		423		(12,529)		—
Goodwill		—		985		4,110		—		5,095
Intangible assets, net		18		76		1,840		—		1,934
Other assets		94		306		704		—		1,104
Total assets	$	8,127	$	8,206	$	13,838	$	(13,998)	$	16,173
Liabilities and Shareholders' Equity
Current liabilities
Short-term debt and current portion of long-term debt	$	141	$	—	$	81	$	—	$	222
Accounts payable		18		772		1,243		—		2,033
Intercompany payables		1,010		53		408		(1,471)		—
Accrued employee costs		25		152		138		—		315
Other current liabilities		138		69		192		—		399
Total current liabilities		1,332		1,046		2,062		(1,471)		2,969
Noncurrent liabilities
Long-term debt		6,337		—		973		—		7,310
Employee benefit obligations		347		760		390		—		1,497
Intercompany long-term notes		(3,142)		2,018		1,122		2		—
Deferred taxes		(308)		232		515		—		439
Other liabilities		127		35		255		—		417
Total liabilities		4,693		4,091		5,317		(1,469)		12,632
Common stock		1,038		1,120		6,301		(7,421)		1,038
Preferred stock		—		—		5		(5)		—
Retained earnings		4,739		3,832		2,661		(6,493)		4,739
Accumulated other comprehensive earnings (loss)		(942)		(837)		(552)		1,390		(941)
Treasury stock, at cost		(1,401)		—		—		—		(1,401)
Total Ball Corporation shareholders' equity		3,434		4,115		8,415		(12,529)		3,435
Noncontrolling interests		—		—		106		—		106
Total shareholders' equity		3,434		4,115		8,521		(12,529)		3,541
Total liabilities and shareholders' equity	$	8,127	$	8,206	$	13,838	$	(13,998)	$	16,173

Schedule of Condensed Consolidating Statement of Cash Flows

	Unaudited Condensed Consolidating Statement of Cash Flows
	Six Months Ended June 30, 2017
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Consolidated Total
Cash provided by (used in) operating activities	$	219	$	127	$	(83)	$	263
Cash flows from investing activities capital expenditures		(15)		(138)		(87)		(240)
Proceeds from dispositions, net of cash sold		—		31		—		31
Other, net		2		31		(31)		2
Cash provided by (used in) investing activities		(13)		(76)		(118)		(207)
Cash flows from financing activities
Long-term borrowings		290		—		—		290
Repayments of long-term borrowings		(325)		—		(236)		(561)
Net change in short-term borrowings		131		—		(40)		91
Proceeds from issuances of common stock, net of shares used for taxes		14		—		—		14
Acquisitions of treasury stock		(3)		—		—		(3)
Common stock dividends		(58)		—		—		(58)
Intercompany		(252)		(39)		291		—
Other, net		—		(1)		—		(1)
Cash provided by (used in) financing activities		(203)		(40)		15		(228)
Effect of exchange rate changes on cash		—		—		8		8
Change in cash and cash equivalents		3		11		(178)		(164)
Cash and cash equivalents – beginning of period		2		(11)		606		597
Cash and cash equivalents – end of period	$	5	$	—	$	428	$	433

	Unaudited Condensed Consolidating Statement of Cash Flows
	Six Months Ended June 30, 2016
($ in millions)	Ball Corporation		Guarantor Subsidiaries		Non-Guarantor    Subsidiaries		Consolidated Total
Cash provided by (used in) operating activities	$	(23)	$	162	$	(103)	$	36
Cash flows from investing activities capital expenditures		(6)		(97)		(170)		(273)
Business acquisition, net of cash acquired		4,506		(1,890)		(2,203)		413
Proceeds from dispositions, net of cash sold		884		—		1,931		2,815
Other, net		(91)		6		(1)		(86)
Cash provided by (used in) investing activities		5,293		(1,981)		(443)		2,869
Cash flows from financing activities
Long-term borrowings		2,195		—		1,629		3,824
Repayments of long-term borrowings		(590)		—		(31)		(621)
Net change in short-term borrowings		200		—		50		250
Proceeds from issuances of common stock, net of shares used for taxes		23		—		—		23
Acquisitions of treasury stock		(98)		—		—		(98)
Common stock dividends		(37)		—		—		(37)
Intercompany		(4,827)		1,820		3,007		—
Other, net		(11)		(1)		(9)		(21)
Cash provided by (used in) financing activities		(3,145)		1,819		4,646		3,320
Effect of exchange rate changes on cash		5		3		(58)		(50)
Change in cash and cash equivalents		2,130		3		4,042		6,175
Cash and cash equivalents – beginning of period		5		—		219		224
Cash and cash equivalents – end of period	$	2,135	$	3	$	4,261	$	6,399