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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
Business Segment Information  
Schedule of major customers

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Anheuser-Busch InBev and subsidiaries

 

14

%  

 7

%  

10

%

Coca-Cola Bottlers' Sales & Services Company LLC

 

11

%  

 9

%  

11

%

U.S. Government

 

 9

%  

 9

%  

10

%

Molson Coors Brewing Company and subsidiaries

 

 7

%  

 9

%  

11

%

 

Summary of net sales and long lived assets by geographic area

Summary of Net Sales by Geographic Area (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

    

U.S.

 

Brazil

    

Other

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

$

5,496

 

$

1,427

 

$

4,060

 

$

10,983

2016

 

 

4,929

 

 

904

 

 

3,228

 

 

9,061

2015

 

 

4,738

 

 

591

 

 

2,668

 

 

7,997


(a)

Revenue is attributed based on origin of sale and includes intercompany eliminations.

 

Summary of Net Long-Lived Assets by Geographic Area (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

    

U.S.

    

Brazil

 

U.K.

    

Other

    

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

$

1,852

 

$

876

 

$

659

 

$

2,629

 

$

6,016

As of December 31, 2016

 

 

2,097

 

 

885

 

 

182

 

 

2,327

 

 

5,491


(a)

Long-lived assets exclude goodwill, intangible assets and noncurrent restricted cash.

Summary of business by segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

($ in millions)

    

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

4,178

 

$

3,612

 

$

3,202

Beverage packaging, South America

 

 

1,692

 

 

1,014

 

 

591

Beverage packaging, Europe

 

 

2,360

 

 

1,915

 

 

1,653

Food and aerosol packaging

 

 

1,138

 

 

1,171

 

 

1,297

Aerospace

 

 

991

 

 

818

 

 

810

Reportable segment sales

 

 

10,359

 

 

8,530

 

 

7,553

Other

 

 

624

 

 

531

 

 

444

Net sales

 

$

10,983

 

$

9,061

 

$

7,997

 

 

 

 

 

 

 

 

 

 

Comparable operating earnings

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

533

 

$

469

 

$

402

Beverage packaging, South America

 

 

333

 

 

185

 

 

80

Beverage packaging, Europe

 

 

233

 

 

217

 

 

192

Food and aerosol packaging

 

 

102

 

 

109

 

 

108

Aerospace

 

 

98

 

 

88

 

 

82

Reportable segment comparable operating earnings

 

 

1,299

 

 

1,068

 

 

864

Reconciling items

 

 

 

 

 

 

 

 

 

Other (a)

 

 

(79)

 

 

(92)

 

 

(63)

Business consolidation and other activities

 

 

(221)

 

 

(337)

 

 

(195)

Amortization of acquired Rexam intangibles

 

 

(162)

 

 

(65)

 

 

 —

Catch-up depreciation and amortization for 2016 from finalization of Rexam valuation

 

 

(35)

 

 

 —

 

 

 —

Cost of sales associated with Rexam inventory step-up

 

 

 —

 

 

(84)

 

 

 —

Egyptian pound devaluation

 

 

 —

 

 

(27)

 

 

 —

Earnings before interest and taxes

 

 

802

 

 

463

 

 

606

Interest expense

 

 

(285)

 

 

(229)

 

 

(143)

Debt refinancing and other costs

 

 

(3)

 

 

(109)

 

 

(117)

Total interest expense

 

 

(288)

 

 

(338)

 

 

(260)

Earnings before taxes

 

 

514

 

 

125

 

 

346

Tax (provision) benefit

 

 

(165)

 

 

126

 

 

(47)

Equity in results of affiliates, net of tax

 

 

31

 

 

15

 

 

 4

Net earnings

 

 

380

 

 

266

 

 

303

Net earnings attributable to noncontrolling interests

 

 

(6)

 

 

(3)

 

 

(22)

Net earnings attributable to Ball Corporation

 

$

374

 

$

263

 

$

281


(a)

Includes undistributed corporate expenses, net, of $128 million, $110 million and $93 million for the years ended December 2017, 2016 and 2015, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

($ in millions)

    

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization (a)

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

179

 

$

117

 

$

73

Beverage packaging, South America

 

 

144

 

 

78

 

 

41

Beverage packaging, Europe

 

 

254

 

 

121

 

 

60

Food and aerosol packaging

 

 

56

 

 

57

 

 

59

Aerospace

 

 

31

 

 

30

 

 

27

Reportable segment depreciation and amortization

 

 

664

 

 

403

 

 

260

Other

 

 

65

 

 

50

 

 

26

Depreciation and amortization

 

$

729

 

$

453

 

$

286

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

283

 

$

234

 

$

250

Beverage packaging, South America

 

 

36

 

 

33

 

 

25

Beverage packaging, Europe

 

 

81

 

 

126

 

 

122

Food and aerosol packaging

 

 

50

 

 

80

 

 

61

Aerospace

 

 

70

 

 

41

 

 

28

Reportable segment capital expenditures

 

 

520

 

 

514

 

 

486

Other

 

 

36

 

 

92

 

 

42

Capital expenditures

 

$

556

 

$

606

 

$

528