XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Acquisitions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Acquisitions and Dispositions |
Summary of divestment business |
|  | Three Months Ended |  | Six Months Ended
($ in millions) |  | June 30, 2016 |  | June 30, 2016
Earnings before taxes |  | $ | 67 |  | $ | 104
Earnings before taxes attributable to Ball Corporation |  |  | 67 |  |  | 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 |
|  | Three Months Ended |  | Six Months Ended
($ in millions, except per share amounts) |  | June 30, 2016 |  | June 30, 2016
Net sales (1) |  | $ | 2,761 |  | $ | 5,179
Net earnings attributable to Ball Corporation (2) |  |  | 28 |  |  | 26
Basic earnings per share |  |  | 0.08 |  |  | 0.07
Diluted earnings per share |  |  | 0.08 |  |  | 0.07
| (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 three and six months ended June 30, 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 three and six months ended June 30, 2016.
| · |  | Excludes the gain on sale of the Divestment Business in the three and six months ended June 30, 2016.

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration