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Business Segment Information | 9 Months Ended
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Sep. 30, 2015
Business Segment Information |
Business Segment Information | 3.Business Segment Information Ball’s operations are organized and reviewed by management along its product lines and geographical areas and presented in the four reportable segments discussed below. Metal beverage packaging, Americas and Asia: Consists of the metal beverage packaging, Americas, operations in the U.S., Canada and Brazil, and the metal beverage packaging, Asia, operations in the People’s Republic of China (PRC). The Americas and Asia segments have been aggregated based on similar economic and qualitative characteristics. The operations in this reporting segment manufacture and sell metal beverage containers. Metal beverage packaging, Europe: Consists of operations in several countries in Europe, which manufacture and sell metal beverage containers. Metal food and household products packaging: Consists of operations in the U.S., Europe, Canada, Mexico and Argentina, which manufacture and sell steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum beverage and aerosol containers and aluminum slugs. Aerospace and technologies: Consists of the manufacture and sale of aerospace and other related products and the providing of services used in the defense, civil space and commercial space industries. The accounting policies of the segments are the same as those in the unaudited condensed consolidated financial statements. A discussion of the company’s critical and significant accounting policies can be found in Ball’s annual report. The company also has investments in companies in the U.S. and Vietnam, which are accounted for under the equity method of accounting and, accordingly, those results are not included in segment sales or earnings. Summary of Business by Segment
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
($ in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Net sales |  |  |  |  |  |  |  |  |
Metal beverage packaging, Americas & Asia |  | $ | 1,072.3 |  | $ | 1,079.6 |  | $ | 3,226.9 |  | $ | 3,207.3 |
Metal beverage packaging, Europe |  | 450.1 |  | 489.2 |  | 1,310.3 |  | 1,497.8 |
Metal food & household products packaging |  | 372.0 |  | 450.6 |  | 1,012.3 |  | 1,159.4 |
Aerospace & technologies |  | 203.4 |  | 221.7 |  | 648.4 |  | 683.5 |
Corporate and intercompany eliminations |  | (0.8 | ) | (2.2 | ) | (5.5 | ) | (10.4 | )
Net sales |  | $ | 2,097.0 |  | $ | 2,238.9 |  | $ | 6,192.4 |  | $ | 6,537.6 |
Net earnings |  |  |  |  |  |  |  |  |
Metal beverage packaging, Americas & Asia |  | $ | 131.9 |  | $ | 133.7 |  | $ | 383.4 |  | $ | 400.8 |
Business consolidation and other activities |  | (21.2 | ) | (0.1 | ) | (23.8 | ) | 1.7 |
Total metal beverage packaging, Americas & Asia |  | 110.7 |  | 133.6 |  | 359.6 |  | 402.5 |
Metal beverage packaging, Europe |  | 61.1 |  | 63.8 |  | 149.6 |  | 193.0 |
Business consolidation and other activities |  | (1.3 | ) | (4.3 | ) | (8.6 | ) | (6.6 | )
Total metal beverage packaging, Europe |  | 59.8 |  | 59.5 |  | 141.0 |  | 186.4 |
Metal food & household products packaging |  | 30.6 |  | 43.0 |  | 89.5 |  | 119.1 |
Business consolidation and other activities |  | (0.1 | ) | (4.5 | ) | (1.0 | ) | (11.6 | )
Total metal food & household products packaging |  | 30.5 |  | 38.5 |  | 88.5 |  | 107.5 |
Aerospace & technologies |  | 21.4 |  | 21.2 |  | 60.9 |  | 70.1 |
Business consolidation and other activities |  | — |  | — |  | 0.7 |  | — |
Total aerospace & technologies |  | 21.4 |  | 21.2 |  | 61.6 |  | 70.1 |
Segment earnings before interest and taxes |  | 222.4 |  | 252.8 |  | 650.7 |  | 766.5 |
Undistributed corporate expenses and intercompany eliminations, net |  | (17.0 | ) | (24.5 | ) | (69.3 | ) | (63.9 | )
Business consolidation and other activities |  | (129.3 | ) | (0.3 | ) | (105.6 | ) | (1.3 | )
Total undistributed corporate expenses and intercompany eliminations, net |  | (146.3 | ) | (24.8 | ) | (174.9 | ) | (65.2 | )
Earnings before interest and taxes |  | 76.1 |  | 228.0 |  | 475.8 |  | 701.3 |
Interest expense |  | (37.5 | ) | (40.1 | ) | (107.0 | ) | (120.9 | )
Debt refinancing and other costs |  | (21.0 | ) | — |  | (85.9 | ) | (33.1 | )
Total interest expense |  | (58.5 | ) | (40.1 | ) | (192.9 | ) | (154.0 | )
Tax (provision) benefit |  | 31.0 |  | (39.8 | ) | (47.9 | ) | (139.6 | )
Equity in results of affiliates, net of tax |  | 1.5 |  | 0.3 |  | 3.4 |  | 1.9 |
Net earnings |  | 50.1 |  | 148.4 |  | 238.4 |  | 409.6 |
Less net earnings attributable to noncontrolling interests |  | (5.6 | ) | (1.0 | ) | (12.8 | ) | (15.6 | )
Net earnings attibutable to Ball Corporation |  | $ | 44.5 |  | $ | 147.4 |  | $ | 225.6 |  | $ | 394.0 |
|  | September 30, |  | December 31, |
($ in millions) |  | 2015 |  | 2014 |
Total Assets |  |  |  |  |
Metal beverage packaging, Americas & Asia |  | $ | 3,534.4 |  | $ | 3,422.8 |
Metal beverage packaging, Europe |  | 2,309.6 |  | 2,274.5 |
Metal food & household products packaging |  | 1,645.1 |  | 1,508.1 |
Aerospace & technologies |  | 401.2 |  | 411.6 |
Segment assets |  | 7,890.3 |  | 7,617.0 |
Corporate assets, net of eliminations |  | (163.3 | ) | (46.0 | )
Total assets |  | $ | 7,727.0 |  | $ | 7,571.0 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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