XML 85 R73.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsidiary Guarantees of Debt - Condensed Consolidating Statement of Earnings (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Subsidiary Guarantees of Debt        
Ownership interest in guarantor subsidiaries (as a percent)     100.00%  
Net sales $ 2,908 $ 2,752 $ 8,236 $ 6,537
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (2,338) (2,275) (6,583) (5,288)
Depreciation and amortization (162) (147) (539) (299)
Selling, general and administrative (127) (135) (398) (348)
Business consolidation and other activities (157) (63) (253) (302)
Total costs and expenses (2,784) (2,620) (7,773) (6,237)
Earnings before interest and taxes 124 132 463 300
Interest expense (74) (80) (216) (159)
Debt refinancing and other costs   (2) (1) (108)
Total interest expense (74) (82) (217) (267)
Earnings before taxes 50 50 246 33
Tax (provision) benefit (4) (23) (48) 174
Equity in results of affiliates, net of tax 5 7 23 6
Net earnings 51 34 221 213
Net earnings attributable to noncontrolling interests (3) (3) (6) (3)
Net earnings attributable to Ball Corporation 48 31 215 210
Comprehensive earnings (loss) attributable to Ball Corporation 42 7 231 233
Eliminating Adjustments        
Subsidiary Guarantees of Debt        
Net sales (18) (88) (82) (171)
Costs and expenses        
Cost of sales (excluding depreciation and amortization) 18 88 82 171
Equity in results of subsidiaries (43) (378) (320) (302)
Total costs and expenses (25) (290) (238) (131)
Earnings before interest and taxes (43) (378) (320) (302)
Earnings before taxes (43) (378) (320) (302)
Net earnings (43) (378) (320) (302)
Net earnings attributable to Ball Corporation (43) (378) (320) (302)
Comprehensive earnings (loss) attributable to Ball Corporation (34) (338) (283) (345)
Guarantees Relating to Senior Notes        
Subsidiary Guarantees of Debt        
Net sales 2,908 2,752 8,236 6,537
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (2,338) (2,275) (6,583) (5,288)
Depreciation and amortization (162) (147) (539) (299)
Selling, general and administrative (127) (135) (398) (348)
Business consolidation and other activities (157) (63) (253) (302)
Total costs and expenses (2,784) (2,620) (7,773) (6,237)
Earnings before interest and taxes 124 132 463 300
Interest expense (74) (80) (216) (159)
Debt refinancing and other costs   (2) (1) (108)
Total interest expense (74) (82) (217) (267)
Earnings before taxes 50 50 246 33
Tax (provision) benefit (4) (23) (48) 174
Equity in results of affiliates, net of tax 5 7 23 6
Net earnings 51 34 221 213
Net earnings attributable to noncontrolling interests (3) (3) (6) (3)
Net earnings attributable to Ball Corporation 48 31 215 210
Comprehensive earnings (loss) attributable to Ball Corporation 42 7 231 233
Guarantees Relating to Senior Notes | Eliminating Adjustments        
Subsidiary Guarantees of Debt        
Net sales (18) (88) (82) (171)
Costs and expenses        
Cost of sales (excluding depreciation and amortization) 18 88 82 171
Equity in results of subsidiaries 8 (688) (279) 1,025
Total costs and expenses 26 (600) (197) 1,196
Earnings before interest and taxes 8 (688) (279) 1,025
Earnings before taxes 8 (688) (279) 1,025
Net earnings 8 (688) (279) 1,025
Net earnings attributable to Ball Corporation 8 (688) (279) 1,025
Comprehensive earnings (loss) attributable to Ball Corporation 13 (651) (256) 986
Ball Corporation        
Costs and expenses        
Depreciation and amortization (1) (2) (5) (4)
Selling, general and administrative (41) (31) (141) (63)
Business consolidation and other activities (18) (154) (82) 355
Equity in results of subsidiaries 72 339 343 (57)
Intercompany 79 78 241 189
Total costs and expenses 91 230 356 420
Earnings before interest and taxes 91 230 356 420
Interest expense (71) (66) (205) (141)
Debt refinancing and other costs       (97)
Total interest expense (71) (66) (205) (238)
Earnings before taxes 20 164 151 182
Tax (provision) benefit 28 (133) 64 28
Net earnings 48 31 215 210
Net earnings attributable to Ball Corporation 48 31 215 210
Comprehensive earnings (loss) attributable to Ball Corporation 42 7 231 233
Ball Corporation | Guarantees Relating to Senior Notes        
Costs and expenses        
Depreciation and amortization (1) (2) (5) (4)
Selling, general and administrative (41) (31) (141) (63)
Business consolidation and other activities (18) (154) (82) 355
Equity in results of subsidiaries 72 339 343 (57)
Intercompany 79 78 241 189
Total costs and expenses 91 230 356 420
Earnings before interest and taxes 91 230 356 420
Interest expense (71) (66) (205) (141)
Debt refinancing and other costs       (97)
Total interest expense (71) (66) (205) (238)
Earnings before taxes 20 164 151 182
Tax (provision) benefit 28 (133) 64 28
Net earnings 48 31 215 210
Net earnings attributable to Ball Corporation 48 31 215 210
Comprehensive earnings (loss) attributable to Ball Corporation 42 7 231 233
Guarantor Subsidiaries        
Subsidiary Guarantees of Debt        
Net sales 1,232 1,214 3,620 3,495
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (1,003) (992) (2,972) (2,854)
Depreciation and amortization (38) (33) (111) (104)
Selling, general and administrative (40) (43) (118) (126)
Business consolidation and other activities (35) (7) (38) (30)
Equity in results of subsidiaries (29) 39 (23) 359
Intercompany (42) (44) (129) (131)
Total costs and expenses (1,187) (1,080) (3,391) (2,886)
Earnings before interest and taxes 45 134 229 609
Interest expense 1   4 (1)
Total interest expense 1   4 (1)
Earnings before taxes 46 134 233 608
Tax (provision) benefit (19) 56 (83) 6
Equity in results of affiliates, net of tax   1 1  
Net earnings 27 191 151 614
Net earnings attributable to Ball Corporation 27 191 151 614
Comprehensive earnings (loss) attributable to Ball Corporation 21 171 137 651
Guarantor Subsidiaries | Guarantees Relating to Senior Notes        
Subsidiary Guarantees of Debt        
Net sales 1,232 1,214 3,620 3,495
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (1,003) (992) (2,973) (2,854)
Depreciation and amortization (38) (33) (111) (104)
Selling, general and administrative (31) (46) (88) (129)
Business consolidation and other activities (37) (10) (42) (32)
Equity in results of subsidiaries (52) 258 (35) (247)
Intercompany (40) (52) (123) (136)
Total costs and expenses (1,201) (875) (3,372) (3,502)
Earnings before interest and taxes 31 339 248 (7)
Interest expense 1   4 (1)
Total interest expense 1   4 (1)
Earnings before taxes 32 339 252 (8)
Tax (provision) benefit (19) (56) (83) (108)
Equity in results of affiliates, net of tax   1 1  
Net earnings 13 284 170 (116)
Net earnings attributable to Ball Corporation 13 284 170 (116)
Comprehensive earnings (loss) attributable to Ball Corporation 12 265 166 (85)
Non-Guarantor Subsidiaries        
Subsidiary Guarantees of Debt        
Net sales 1,694 1,626 4,698 3,213
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (1,353) (1,371) (3,693) (2,605)
Depreciation and amortization (123) (112) (423) (191)
Selling, general and administrative (46) (61) (139) (159)
Business consolidation and other activities (104) 98 (133) (627)
Intercompany (37) (34) (112) (58)
Total costs and expenses (1,663) (1,480) (4,500) (3,640)
Earnings before interest and taxes 31 146 198 (427)
Interest expense (4) (14) (15) (17)
Debt refinancing and other costs   (2) (1) (11)
Total interest expense (4) (16) (16) (28)
Earnings before taxes 27 130 182 (455)
Tax (provision) benefit (13) 54 (29) 140
Equity in results of affiliates, net of tax 5 6 22 6
Net earnings 19 190 175 (309)
Net earnings attributable to noncontrolling interests (3) (3) (6) (3)
Net earnings attributable to Ball Corporation 16 187 169 (312)
Comprehensive earnings (loss) attributable to Ball Corporation 13 167 146 (306)
Non-Guarantor Subsidiaries | Guarantees Relating to Senior Notes        
Subsidiary Guarantees of Debt        
Net sales 1,694 1,626 4,698 3,213
Costs and expenses        
Cost of sales (excluding depreciation and amortization) (1,353) (1,371) (3,692) (2,605)
Depreciation and amortization (123) (112) (423) (191)
Selling, general and administrative (55) (58) (169) (156)
Business consolidation and other activities (102) 101 (129) (625)
Equity in results of subsidiaries (28) 91 (29) (721)
Intercompany (39) (26) (118) (53)
Total costs and expenses (1,700) (1,375) (4,560) (4,351)
Earnings before interest and taxes (6) 251 138 (1,138)
Interest expense (4) (14) (15) (17)
Debt refinancing and other costs   (2) (1) (11)
Total interest expense (4) (16) (16) (28)
Earnings before taxes (10) 235 122 (1,166)
Tax (provision) benefit (13) 166 (29) 254
Equity in results of affiliates, net of tax 5 6 22 6
Net earnings (18) 407 115 (906)
Net earnings attributable to noncontrolling interests (3) (3) (6) (3)
Net earnings attributable to Ball Corporation (21) 404 109 (909)
Comprehensive earnings (loss) attributable to Ball Corporation $ (25) $ 386 $ 90 $ (901)