Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Acquisitions and Dispositions

Summary of divestment business

	Nine Months Ended
($ in millions)	September 30,  2016
Earnings before taxes	$	104
Earnings before taxes attributable to Ball Corporation		104

Summary of net assets acquired

	June 30,
($ in millions)	2016
Cash	$	450
Receivables, net		778
Inventories, net		782
Other current assets		165
Assets held for sale (sold to Ardagh on June 30, 2016)		911
Total current assets		3,086
Property, plant and equipment		2,301
Goodwill		3,415
Intangible assets		2,478
Restricted cash		174
Other assets		490
Total assets acquired		11,944
Short-term debt and current portion of long-term debt		2,792
Accounts payable		858
Accrued employee costs		135
Liabilities held for sale (sold to Ardagh on June 30, 2016)		7
Other current liabilities		373
Total current liabilities		4,165
Long-term debt		28
Employee benefit obligations		508
Deferred taxes and other liabilities		993
Total liabilities assumed		5,694
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	$	2,437	17
Trademarks		41	3
	$	2,478

Summary of unaudited pro forma consolidated results of operations

	Nine Months Ended
($ in millions, except per share amounts)	September 30,  2016
Net sales (1)	$	7,931
Net earnings attributable to Ball Corporation (2)		187
Basic earnings per share		0.54
Diluted earnings per share		0.53

(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 first nine months of 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 first six months of 2016.

· Excludes the gain on sale of the Divestment Business for the first nine months of 2016.