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Subsidiary Guarantees of Debt (Tables) | 6 Months Ended
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Jun. 30, 2017
Schedule of Condensed Consolidating Statement of Earnings |
| Unaudited Condensed Consolidating Statement of Earnings |
| Three Months Ended June 30, 2017 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales | $ | — |  | $ | 1,273 |  | $ | 1,631 |  | $ | (49) |  | $ | 2,855 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,066) |  |  | (1,253) |  |  | 49 |  |  | (2,270) |
Depreciation and amortization |  | (2) |  |  | (37) |  |  | (190) |  |  | — |  |  | (229) |
Selling, general and administrative |  | (55) |  |  | (37) |  |  | (36) |  |  | — |  |  | (128) |
Business consolidation and other activities |  | (14) |  |  | (8) |  |  | (19) |  |  | — |  |  | (41) |
Equity in results of subsidiaries |  | 148 |  |  | 2 |  |  | — |  |  | (150) |  |  | — |
Intercompany |  | 81 |  |  | (45) |  |  | (36) |  |  | — |  |  | — |
|  | 158 |  |  | (1,191) |  |  | (1,534) |  |  | (101) |  |  | (2,668) |
Earnings (loss) before interest and taxes |  | 158 |  |  | 82 |  |  | 97 |  |  | (150) |  |  | 187 |
Interest expense |  | (68) |  |  | 1 |  |  | (7) |  |  | — |  |  | (74) |
Debt refinancing and other costs |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Total interest expense |  | (68) |  |  | 1 |  |  | (8) |  |  | — |  |  | (75) |
Earnings (loss) before taxes |  | 90 |  |  | 83 |  |  | 89 |  |  | (150) |  |  | 112 |
Tax (provision) benefit |  | 9 |  |  | (27) |  |  | (4) |  |  | — |  |  | (22) |
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | 9 |  |  | — |  |  | 10 |
Net earnings (loss) |  | 99 |  |  | 57 |  |  | 94 |  |  | (150) |  |  | 100 |
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Net earnings (loss) attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 99 |  | $ | 57 |  | $ | 93 |  | $ | (150) |  | $ | 99 |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | (7) |  | $ | (45) |  | $ | (12) |  | $ | 57 |  | $ | (7) |
| Unaudited Condensed Consolidating Statement of Earnings |
| Three Months Ended June 30, 2016 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales | $ | — |  | $ | 1,206 |  | $ | 882 |  | $ | (58) |  | $ | 2,030 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (975) |  |  | (679) |  |  | 58 |  |  | (1,596) |
Depreciation and amortization |  | (1) |  |  | (36) |  |  | (41) |  |  | — |  |  | (78) |
Selling, general and administrative |  | (13) |  |  | (42) |  |  | (50) |  |  | — |  |  | (105) |
Business consolidation and other activities |  | 770 |  |  | (6) |  |  | (736) |  |  | — |  |  | 28 |
Equity in results of subsidiaries |  | (481) |  |  | 286 |  |  | 1 |  |  | 194 |  |  | — |
Intercompany |  | 60 |  |  | (44) |  |  | (16) |  |  | — |  |  | — |
|  | 335 |  |  | (817) |  |  | (1,521) |  |  | 252 |  |  | (1,751) |
Earnings (loss) before interest and taxes |  | 335 |  |  | 389 |  |  | (639) |  |  | 194 |  |  | 279 |
Interest expense |  | (38) |  |  | (1) |  |  | (2) |  |  | — |  |  | (41) |
Debt refinancing and other costs |  | (36) |  |  | — |  |  | (10) |  |  | — |  |  | (46) |
Total interest expense |  | (74) |  |  | (1) |  |  | (12) |  |  | — |  |  | (87) |
Earnings (loss) before taxes |  | 261 |  |  | 388 |  |  | (651) |  |  | 194 |  |  | 192 |
Tax (provision) benefit |  | 46 |  |  | (32) |  |  | 100 |  |  | — |  |  | 114 |
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net earnings (loss) |  | 307 |  |  | 357 |  |  | (551) |  |  | 194 |  |  | 307 |
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings (loss) attributable to | $ | 307 |  | $ | 357 |  | $ | (551) |  | $ | 194 |  | $ | 307 |
Ball Corporation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 323 |  | $ | 385 |  | $ | (543) |  | $ | 158 |  | $ | 323 |
| Unaudited Condensed Consolidating Statement of Earnings |
| Six Months Ended June 30, 2017 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales | $ | — |  | $ | 2,388 |  | $ | 3,004 |  | $ | (64) |  | $ | 5,328 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,969) |  |  | (2,340) |  |  | 64 |  |  | (4,245) |
Depreciation and amortization |  | (3) |  |  | (73) |  |  | (301) |  |  | — |  |  | (377) |
Selling, general and administrative |  | (100) |  |  | (79) |  |  | (92) |  |  | — |  |  | (271) |
Business consolidation and other activities |  | (64) |  |  | (4) |  |  | (28) |  |  | — |  |  | (96) |
Equity in results of subsidiaries |  | 270 |  |  | 7 |  |  | — |  |  | (277) |  |  | — |
Intercompany |  | 162 |  |  | (87) |  |  | (75) |  |  | — |  |  | — |
|  | 265 |  |  | (2,205) |  |  | (2,836) |  |  | (213) |  |  | (4,989) |
Earnings (loss) before interest and taxes |  | 265 |  |  | 183 |  |  | 168 |  |  | (277) |  |  | 339 |
Interest expense |  | (134) |  |  | 3 |  |  | (11) |  |  | — |  |  | (142) |
Debt refinancing and other costs |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Total interest expense |  | (134) |  |  | 3 |  |  | (12) |  |  | — |  |  | (143) |
Earnings (loss) before taxes |  | 131 |  |  | 186 |  |  | 156 |  |  | (277) |  |  | 196 |
Tax (provision) benefit |  | 36 |  |  | (64) |  |  | (16) |  |  | — |  |  | (44) |
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | 17 |  |  | — |  |  | 18 |
Net earnings |  | 167 |  |  | 123 |  |  | 157 |  |  | (277) |  |  | 170 |
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (3) |
Net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 167 |  | $ | 123 |  | $ | 154 |  | $ | (277) |  | $ | 167 |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 189 |  | $ | 115 |  | $ | 134 |  | $ | (249) |  | $ | 189 |
| Unaudited Condensed Consolidating Statement of Earnings |
| Six Months Ended June 30, 2016
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales | $ | — |  | $ | 2,281 |  | $ | 1,587 |  | $ | (83) |  | $ | 3,785 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,862) |  |  | (1,233) |  |  | 83 |  |  | (3,012) |
Depreciation and amortization |  | (2) |  |  | (71) |  |  | (80) |  |  | — |  |  | (153) |
Selling, general and administrative |  | (32) |  |  | (82) |  |  | (99) |  |  | — |  |  | (213) |
Business consolidation and other activities |  | 510 |  |  | (23) |  |  | (726) |  |  | — |  |  | (239) |
Equity in results of subsidiaries |  | (396) |  |  | 322 |  |  | — |  |  | 74 |  |  | — |
Intercompany |  | 110 |  |  | (87) |  |  | (23) |  |  | — |  |  | — |
|  | 190 |  |  | (1,803) |  |  | (2,161) |  |  | 157 |  |  | (3,617) |
Earnings (loss) before interest and taxes |  | 190 |  |  | 478 |  |  | (574) |  |  | 74 |  |  | 168 |
Interest expense |  | (75) |  |  | (1) |  |  | (3) |  |  | — |  |  | (79) |
Debt refinancing and other costs |  | (96) |  |  | — |  |  | (10) |  |  | — |  |  | (106) |
Total interest expense |  | (171) |  |  | (1) |  |  | (13) |  |  | — |  |  | (185) |
Earnings (loss) before taxes |  | 19 |  |  | 477 |  |  | (587) |  |  | 74 |  |  | (17) |
Tax (provision) benefit |  | 161 |  |  | (51) |  |  | 87 |  |  | — |  |  | 197 |
Equity in results of affiliates, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings |  | 180 |  |  | 426 |  |  | (500) |  |  | 74 |  |  | 180 |
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 180 |  | $ | 426 |  | $ | (500) |  | $ | 74 |  | $ | 180 |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 227 |  | $ | 483 |  | $ | (474) |  | $ | (9) |  | $ | 227 |
Schedule of Condensed Consolidating Balance Sheet |
| Unaudited Condensed Consolidating Balance Sheet |
| June 30, 2017 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5 |  | $ | — |  | $ | 428 |  | $ | — |  | $ | 433 |
Receivables, net |  | 67 |  |  | 402 |  |  | 1,168 |  |  | — |  |  | 1,637 |
Intercompany receivables |  | 43 |  |  | 116 |  |  | 959 |  |  | (1,118) |  |  | — |
Inventories, net |  | — |  |  | 550 |  |  | 974 |  |  | — |  |  | 1,524 |
Other current assets |  | 31 |  |  | 34 |  |  | 106 |  |  | — |  |  | 171 |
Total current assets |  | 146 |  |  | 1,102 |  |  | 3,635 |  |  | (1,118) |  |  | 3,765 |
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 34 |  |  | 1,138 |  |  | 3,252 |  |  | — |  |  | 4,424 |
Investment in subsidiaries |  | 8,079 |  |  | 2,276 |  |  | 79 |  |  | (10,434) |  |  | — |
Goodwill |  | 3 |  |  | 981 |  |  | 3,874 |  |  | — |  |  | 4,858 |
Intangible assets, net |  | 17 |  |  | 71 |  |  | 2,424 |  |  | — |  |  | 2,512 |
Other assets |  | 80 |  |  | 19 |  |  | 1,063 |  |  | — |  |  | 1,162 |
Total assets | $ | 8,359 |  | $ | 5,587 |  | $ | 14,327 |  | $ | (11,552) |  | $ | 16,721 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt | $ | 273 |  | $ | — |  | $ | 49 |  | $ | — |  | $ | 322 |
Accounts payable |  | 11 |  |  | 787 |  |  | 1,348 |  |  | — |  |  | 2,146 |
Intercompany payables |  | 1,014 |  |  | 79 |  |  | 59 |  |  | (1,152) |  |  | — |
Accrued employee costs |  | 18 |  |  | 120 |  |  | 153 |  |  | — |  |  | 291 |
Other current liabilities |  | 289 |  |  | 70 |  |  | 232 |  |  | — |  |  | 591 |
Total current liabilities |  | 1,605 |  |  | 1,056 |  |  | 1,841 |  |  | (1,152) |  |  | 3,350 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 6,409 |  |  | — |  |  | 817 |  |  | — |  |  | 7,226 |
Employee benefit obligations |  | 346 |  |  | 362 |  |  | 721 |  |  | — |  |  | 1,429 |
Intercompany long-term notes |  | (3,394) |  |  | 115 |  |  | 3,245 |  |  | 34 |  |  | — |
Deferred taxes |  | (353) |  |  | 207 |  |  | 779 |  |  | — |  |  | 633 |
Other liabilities |  | 142 |  |  | 15 |  |  | 216 |  |  | — |  |  | 373 |
Total liabilities |  | 4,755 |  |  | 1,755 |  |  | 7,619 |  |  | (1,118) |  |  | 13,011 |
Common stock |  | 1,060 |  |  | 635 |  |  | 4,426 |  |  | (5,061) |  |  | 1,060 |
Preferred stock |  | — |  |  | — |  |  | 5 |  |  | (5) |  |  | — |
Retained earnings |  | 4,849 |  |  | 4,018 |  |  | 2,743 |  |  | (6,761) |  |  | 4,849 |
Accumulated other comprehensive earnings (loss) |  | (919) |  |  | (821) |  |  | (572) |  |  | 1,393 |  |  | (919) |
Treasury stock, at cost |  | (1,386) |  |  | — |  |  | — |  |  | — |  |  | (1,386) |
Total Ball Corporation shareholders' equity |  | 3,604 |  |  | 3,832 |  |  | 6,602 |  |  | (10,434) |  |  | 3,604 |
Noncontrolling interests |  | — |  |  | — |  |  | 106 |  |  | — |  |  | 106 |
Total shareholders' equity |  | 3,604 |  |  | 3,832 |  |  | 6,708 |  |  | (10,434) |  |  | 3,710 |
Total liabilities and shareholders' equity | $ | 8,359 |  | $ | 5,587 |  | $ | 14,327 |  | $ | (11,552) |  | $ | 16,721 |
| Unaudited Condensed Consolidating Balance Sheet |
| December 31, 2016 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2 |  | $ | (11) |  | $ | 606 |  | $ | — |  | $ | 597 |
Receivables, net |  | 96 |  |  | 450 |  |  | 945 |  |  | — |  |  | 1,491 |
Intercompany receivables |  | 39 |  |  | 125 |  |  | 963 |  |  | (1,127) |  |  | — |
Inventories, net |  | — |  |  | 516 |  |  | 897 |  |  | — |  |  | 1,413 |
Other current assets |  | 40 |  |  | 33 |  |  | 79 |  |  | — |  |  | 152 |
Total current assets |  | 177 |  |  | 1,113 |  |  | 3,490 |  |  | (1,127) |  |  | 3,653 |
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 23 |  |  | 1,087 |  |  | 3,277 |  |  | — |  |  | 4,387 |
Investment in subsidiaries |  | 7,815 |  |  | 2,289 |  |  | 79 |  |  | (10,183) |  |  | — |
Goodwill |  | — |  |  | 990 |  |  | 4,105 |  |  | — |  |  | 5,095 |
Intangible assets, net |  | 18 |  |  | 76 |  |  | 1,840 |  |  | — |  |  | 1,934 |
Other assets |  | 94 |  |  | 20 |  |  | 990 |  |  | — |  |  | 1,104 |
Total assets | $ | 8,127 |  | $ | 5,575 |  | $ | 13,781 |  | $ | (11,310) |  | $ | 16,173 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt | $ | 141 |  | $ | — |  | $ | 81 |  | $ | — |  | $ | 222 |
Accounts payable |  | 18 |  |  | 771 |  |  | 1,244 |  |  | — |  |  | 2,033 |
Intercompany payables |  | 1,010 |  |  | 52 |  |  | 65 |  |  | (1,127) |  |  | — |
Accrued employee costs |  | 25 |  |  | 135 |  |  | 155 |  |  | — |  |  | 315 |
Other current liabilities |  | 138 |  |  | 65 |  |  | 196 |  |  | — |  |  | 399 |
Total current liabilities |  | 1,332 |  |  | 1,023 |  |  | 1,741 |  |  | (1,127) |  |  | 2,969 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 6,337 |  |  | — |  |  | 973 |  |  | — |  |  | 7,310 |
Employee benefit obligations |  | 347 |  |  | 440 |  |  | 710 |  |  | — |  |  | 1,497 |
Intercompany long-term notes |  | (3,142) |  |  | 178 |  |  | 2,964 |  |  | — |  |  | — |
Deferred taxes |  | (308) |  |  | 198 |  |  | 549 |  |  | — |  |  | 439 |
Other liabilities |  | 127 |  |  | 20 |  |  | 270 |  |  | — |  |  | 417 |
Total liabilities |  | 4,693 |  |  | 1,859 |  |  | 7,207 |  |  | (1,127) |  |  | 12,632 |
Common stock |  | 1,038 |  |  | 635 |  |  | 4,426 |  |  | (5,061) |  |  | 1,038 |
Preferred stock |  | — |  |  | — |  |  | 5 |  |  | (5) |  |  | — |
Retained earnings |  | 4,739 |  |  | 3,893 |  |  | 2,589 |  |  | (6,482) |  |  | 4,739 |
Accumulated other comprehensive earnings (loss) |  | (942) |  |  | (812) |  |  | (552) |  |  | 1,365 |  |  | (941) |
Treasury stock, at cost |  | (1,401) |  |  | — |  |  | — |  |  | — |  |  | (1,401) |
Total Ball Corporation shareholders' equity |  | 3,434 |  |  | 3,716 |  |  | 6,468 |  |  | (10,183) |  |  | 3,435 |
Noncontrolling interests |  | — |  |  | — |  |  | 106 |  |  | — |  |  | 106 |
Total shareholders' equity |  | 3,434 |  |  | 3,716 |  |  | 6,574 |  |  | (10,183) |  |  | 3,541 |
Total liabilities and shareholders' equity | $ | 8,127 |  | $ | 5,575 |  | $ | 13,781 |  | $ | (11,310) |  | $ | 16,173 |
Schedule of Condensed Consolidating Statement of Cash Flows |
| Unaudited Condensed Consolidating Statement of Cash Flows |
| Six Months Ended June 30, 2017 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total |
Cash provided by (used in) operating activities | $ | 219 |  | $ | 123 |  | $ | (79) |  | $ | 263 |
Cash flows from investing activities capital expenditures |  | (15) |  |  | (138) |  |  | (87) |  |  | (240) |
Business dispositions, net of cash sold |  | — |  |  | 31 |  |  | — |  |  | 31 |
Other, net |  | 2 |  |  | 26 |  |  | (26) |  |  | 2 |
Cash provided by (used in) investing activities |  | (13) |  |  | (81) |  |  | (113) |  |  | (207) |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 290 |  |  | — |  |  | — |  |  | 290 |
Repayments of long-term borrowings |  | (325) |  |  | — |  |  | (236) |  |  | (561) |
Net change in short-term borrowings |  | 131 |  |  | — |  |  | (40) |  |  | 91 |
Proceeds from issuances of common stock, net of shares used for taxes |  | 14 |  |  | — |  |  | — |  |  | 14 |
Acquisitions of treasury stock |  | (3) |  |  | — |  |  | — |  |  | (3) |
Common stock dividends |  | (58) |  |  | — |  |  | — |  |  | (58) |
Intercompany |  | (252) |  |  | (30) |  |  | 282 |  |  | — |
Other, net |  | — |  |  | (1) |  |  | — |  |  | (1) |
Cash provided by (used in) financing activities |  | (203) |  |  | (31) |  |  | 6 |  |  | (228) |
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | 8 |  |  | 8 |
Change in cash and cash equivalents |  | 3 |  |  | 11 |  |  | (178) |  |  | (164) |
Cash and cash equivalents – beginning of period |  | 2 |  |  | (11) |  |  | 606 |  |  | 597 |
Cash and cash equivalents – end of period | $ | 5 |  | $ | — |  | $ | 428 |  | $ | 433 |
| Unaudited Condensed Consolidating Statement of Cash Flows |
| Six Months Ended June 30, 2016 |
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total |
Cash provided by (used in) operating activities | $ | (23) |  | $ | 158 |  | $ | (99) |  | $ | 36 |
Cash flows from investing activities capital expenditures |  | (6) |  |  | (97) |  |  | (170) |  |  | (273) |
Business acquisition, net of cash acquired |  | 4,506 |  |  | (36) |  |  | (4,057) |  |  | 413 |
Proceeds from dispositions, net of cash sold |  | 884 |  |  | — |  |  | 1,931 |  |  | 2,815 |
Other, net |  | (91) |  |  | 6 |  |  | (1) |  |  | (86) |
Cash provided by (used in) investing activities |  | 5,293 |  |  | (127) |  |  | (2,297) |  |  | 2,869 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 2,195 |  |  | — |  |  | 1,629 |  |  | 3,824 |
Repayments of long-term borrowings |  | (590) |  |  | — |  |  | (31) |  |  | (621) |
Net change in short-term borrowings |  | 200 |  |  | — |  |  | 50 |  |  | 250 |
Proceeds from issuances of common stock, net of shares used for taxes |  | 23 |  |  | — |  |  | — |  |  | 23 |
Acquisitions of treasury stock |  | (98) |  |  | — |  |  | — |  |  | (98) |
Common stock dividends |  | (37) |  |  | — |  |  | — |  |  | (37) |
Intercompany |  | (4,827) |  |  | (29) |  |  | 4,856 |  |  | — |
Other, net |  | (11) |  |  | (1) |  |  | (9) |  |  | (21) |
Cash provided by (used in) financing activities |  | (3,145) |  |  | (30) |  |  | 6,495 |  |  | 3,320 |
Effect of exchange rate changes on cash |  | 5 |  |  | — |  |  | (55) |  |  | (50) |
Change in cash and cash equivalents |  | 2,130 |  |  | 1 |  |  | 4,044 |  |  | 6,175 |
Cash and cash equivalents – beginning of period |  | 5 |  |  | — |  |  | 219 |  |  | 224 |
Cash and cash equivalents – end of period | $ | 2,135 |  | $ | 1 |  | $ | 4,263 |  | $ | 6,399 |
Guarantees Relating to Senior Notes |
Schedule of Condensed Consolidating Statement of Earnings |
| Unaudited Condensed Consolidating Statement of Earnings
| Three Months Ended June 30, 2017
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total
Net sales | $ | — |  | $ | 1,273 |  | $ | 1,631 |  | $ | (49) |  | $ | 2,855
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,066) |  |  | (1,253) |  |  | 49 |  |  | (2,270)
Depreciation and amortization |  | (2) |  |  | (37) |  |  | (190) |  |  | — |  |  | (229)
Selling, general and administrative |  | (55) |  |  | (16) |  |  | (57) |  |  | — |  |  | (128)
Business consolidation and other activities |  | (14) |  |  | (9) |  |  | (18) |  |  | — |  |  | (41)
Equity in results of subsidiaries |  | 148 |  |  | 13 |  |  | 6 |  |  | (167) |  |  | —
Intercompany |  | 81 |  |  | (43) |  |  | (38) |  |  | — |  |  | —
|  | 158 |  |  | (1,158) |  |  | (1,550) |  |  | (118) |  |  | (2,668)
Earnings (loss) before interest and taxes |  | 158 |  |  | 115 |  |  | 81 |  |  | (167) |  |  | 187
Interest expense |  | (68) |  |  | 1 |  |  | (7) |  |  | — |  |  | (74)
Debt refinancing and other costs |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1)
Total interest expense |  | (68) |  |  | 1 |  |  | (8) |  |  | — |  |  | (75)
Earnings (loss) before taxes |  | 90 |  |  | 116 |  |  | 73 |  |  | (167) |  |  | 112
Tax (provision) benefit |  | 9 |  |  | (26) |  |  | (5) |  |  | — |  |  | (22)
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | 9 |  |  | — |  |  | 10
Net earnings (loss) |  | 99 |  |  | 91 |  |  | 77 |  |  | (167) |  |  | 100
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1)
Net earnings (loss) attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 99 |  | $ | 91 |  | $ | 76 |  | $ | (167) |  | $ | 99
Comprehensive earnings (loss) attributable to Ball Corporation | $ | (7) |  | $ | (15) |  | $ | (30) |  | $ | 45 |  | $ | (7)
| Unaudited Condensed Consolidating Statement of Earnings
| Three Months Ended June 30, 2016
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total
Net sales | $ | — |  | $ | 1,206 |  | $ | 882 |  | $ | (58) |  | $ | 2,030
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (975) |  |  | (679) |  |  | 58 |  |  | (1,596)
Depreciation and amortization |  | (1) |  |  | (36) |  |  | (41) |  |  | — |  |  | (78)
Selling, general and administrative |  | (13) |  |  | (42) |  |  | (50) |  |  | — |  |  | (105)
Business consolidation and other activities |  | 770 |  |  | (19) |  |  | (723) |  |  | — |  |  | 28
Equity in results of subsidiaries |  | (481) |  |  | (541) |  |  | (810) |  |  | 1,832 |  |  | —
Intercompany |  | 60 |  |  | (43) |  |  | (17) |  |  | — |  |  | —
|  | 335 |  |  | (1,656) |  |  | (2,320) |  |  | 1,890 |  |  | (1,751)
Earnings (loss) before interest and taxes |  | 335 |  |  | (450) |  |  | (1,438) |  |  | 1,832 |  |  | 279
Interest expense |  | (38) |  |  | (1) |  |  | (2) |  |  | — |  |  | (41)
Debt refinancing and other costs |  | (36) |  |  | — |  |  | (10) |  |  | — |  |  | (46)
Total interest expense |  | (74) |  |  | (1) |  |  | (12) |  |  | — |  |  | (87)
Earnings (loss) before taxes |  | 261 |  |  | (451) |  |  | (1,450) |  |  | 1,832 |  |  | 192
Tax (provision) benefit |  | 46 |  |  | (32) |  |  | 100 |  |  | — |  |  | 114
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1
Net earnings (loss) |  | 307 |  |  | (482) |  |  | (1,350) |  |  | 1,832 |  |  | 307
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Net earnings (loss) attributable to | $ | 307 |  | $ | (482) |  | $ | (1,350) |  | $ | 1,832 |  | $ | 307
Ball Corporation |  |  |  |  |  |  |  |  |  |  |  |  |  |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 323 |  | $ | (461) |  | $ | (1,342) |  | $ | 1,803 |  | $ | 323
| Unaudited Condensed Consolidating Statement of Earnings
| Six Months Ended June 30, 2017
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total
Net sales | $ | — |  | $ | 2,388 |  | $ | 3,004 |  | $ | (64) |  | $ | 5,328
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,969) |  |  | (2,340) |  |  | 64 |  |  | (4,245)
Depreciation and amortization |  | (3) |  |  | (73) |  |  | (301) |  |  | — |  |  | (377)
Selling, general and administrative |  | (100) |  |  | (58) |  |  | (113) |  |  | — |  |  | (271)
Business consolidation and other activities |  | (64) |  |  | (5) |  |  | (27) |  |  | — |  |  | (96)
Equity in results of subsidiaries |  | 270 |  |  | 17 |  |  | (1) |  |  | (286) |  |  | —
Intercompany |  | 162 |  |  | (83) |  |  | (79) |  |  | — |  |  | —
|  | 265 |  |  | (2,171) |  |  | (2,861) |  |  | (222) |  |  | (4,989)
Earnings (loss) before interest and taxes |  | 265 |  |  | 217 |  |  | 143 |  |  | (286) |  |  | 339
Interest expense |  | (134) |  |  | 3 |  |  | (11) |  |  | — |  |  | (142)
Debt refinancing and other costs |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1)
Total interest expense |  | (134) |  |  | 3 |  |  | (12) |  |  | — |  |  | (143)
Earnings (loss) before taxes |  | 131 |  |  | 220 |  |  | 131 |  |  | (286) |  |  | 196
Tax (provision) benefit |  | 36 |  |  | (64) |  |  | (16) |  |  | — |  |  | (44)
Equity in results of affiliates, net of tax |  | — |  |  | 1 |  |  | 17 |  |  | — |  |  | 18
Net earnings |  | 167 |  |  | 157 |  |  | 132 |  |  | (286) |  |  | 170
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (3)
Net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 167 |  | $ | 157 |  | $ | 129 |  | $ | (286) |  | $ | 167
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 189 |  | $ | 154 |  | $ | 114 |  | $ | (268) |  | $ | 189
| Unaudited Condensed Consolidating Statement of Earnings |
| Six Months Ended June 30, 2016
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales | $ | — |  | $ | 2,281 |  | $ | 1,587 |  | $ | (83) |  | $ | 3,785 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  |  | (1,862) |  |  | (1,233) |  |  | 83 |  |  | (3,012) |
Depreciation and amortization |  | (2) |  |  | (71) |  |  | (80) |  |  | — |  |  | (153) |
Selling, general and administrative |  | (32) |  |  | (82) |  |  | (99) |  |  | — |  |  | (213) |
Business consolidation and other activities |  | 510 |  |  | (23) |  |  | (726) |  |  | — |  |  | (239) |
Equity in results of subsidiaries |  | (396) |  |  | (505) |  |  | (811) |  |  | 1,712 |  |  | — |
Intercompany |  | 110 |  |  | (84) |  |  | (26) |  |  | — |  |  | — |
|  | 190 |  |  | (2,627) |  |  | (2,975) |  |  | 1,795 |  |  | (3,617) |
Earnings (loss) before interest and taxes |  | 190 |  |  | (346) |  |  | (1,388) |  |  | 1,712 |  |  | 168 |
Interest expense |  | (75) |  |  | (1) |  |  | (3) |  |  | — |  |  | (79) |
Debt refinancing and other costs |  | (96) |  |  | — |  |  | (10) |  |  | — |  |  | (106) |
Total interest expense |  | (171) |  |  | (1) |  |  | (13) |  |  | — |  |  | (185) |
Earnings (loss) before taxes |  | 19 |  |  | (347) |  |  | (1,401) |  |  | 1,712 |  |  | (17) |
Tax (provision) benefit |  | 161 |  |  | (51) |  |  | 87 |  |  | — |  |  | 197 |
Equity in results of affiliates, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings |  | 180 |  |  | (398) |  |  | (1,314) |  |  | 1,712 |  |  | 180 |
Less net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ball Corporation | $ | 180 |  | $ | (398) |  | $ | (1,314) |  | $ | 1,712 |  | $ | 180 |
Comprehensive earnings (loss) attributable to Ball Corporation | $ | 227 |  | $ | (348) |  | $ | (1,288) |  | $ | 1,636 |  | $ | 227 |
Schedule of Condensed Consolidating Balance Sheet |
| Unaudited Condensed Consolidating Balance Sheet
| June 30, 2017
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5 |  | $ | — |  | $ | 428 |  | $ | — |  | $ | 433
Receivables, net |  | 67 |  |  | 404 |  |  | 1,166 |  |  | — |  |  | 1,637
Intercompany receivables |  | 43 |  |  | 491 |  |  | 959 |  |  | (1,493) |  |  | —
Inventories, net |  | — |  |  | 550 |  |  | 974 |  |  | — |  |  | 1,524
Other current assets |  | 31 |  |  | 40 |  |  | 100 |  |  | — |  |  | 171
Total current assets |  | 146 |  |  | 1,485 |  |  | 3,627 |  |  | (1,493) |  |  | 3,765
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 34 |  |  | 1,139 |  |  | 3,251 |  |  | — |  |  | 4,424
Investment in subsidiaries |  | 8,079 |  |  | 4,291 |  |  | 426 |  |  | (12,796) |  |  | —
Goodwill |  | 3 |  |  | 981 |  |  | 3,874 |  |  | — |  |  | 4,858
Intangible assets, net |  | 17 |  |  | 71 |  |  | 2,424 |  |  | — |  |  | 2,512
Other assets |  | 80 |  |  | 300 |  |  | 782 |  |  | — |  |  | 1,162
Total assets | $ | 8,359 |  | $ | 8,267 |  | $ | 14,384 |  | $ | (14,289) |  | $ | 16,721
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt | $ | 273 |  | $ | — |  | $ | 49 |  | $ | — |  | $ | 322
Accounts payable |  | 11 |  |  | 787 |  |  | 1,348 |  |  | — |  |  | 2,146
Intercompany payables |  | 1,014 |  |  | 79 |  |  | 434 |  |  | (1,527) |  |  | —
Accrued employee costs |  | 18 |  |  | 133 |  |  | 140 |  |  | — |  |  | 291
Other current liabilities |  | 289 |  |  | 75 |  |  | 227 |  |  | — |  |  | 591
Total current liabilities |  | 1,605 |  |  | 1,074 |  |  | 2,198 |  |  | (1,527) |  |  | 3,350
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 6,409 |  |  | — |  |  | 817 |  |  | — |  |  | 7,226
Employee benefit obligations |  | 346 |  |  | 669 |  |  | 414 |  |  | — |  |  | 1,429
Intercompany long-term notes |  | (3,394) |  |  | 1,978 |  |  | 1,382 |  |  | 34 |  |  | —
Deferred taxes |  | (353) |  |  | 241 |  |  | 745 |  |  | — |  |  | 633
Other liabilities |  | 142 |  |  | 31 |  |  | 200 |  |  | — |  |  | 373
Total liabilities |  | 4,755 |  |  | 3,993 |  |  | 5,756 |  |  | (1,493) |  |  | 13,011
Common stock |  | 1,060 |  |  | 1,127 |  |  | 6,294 |  |  | (7,421) |  |  | 1,060
Preferred stock |  | — |  |  | — |  |  | 5 |  |  | (5) |  |  | —
Retained earnings |  | 4,849 |  |  | 3,988 |  |  | 2,790 |  |  | (6,778) |  |  | 4,849
Accumulated other comprehensive earnings (loss) |  | (919) |  |  | (841) |  |  | (567) |  |  | 1,408 |  |  | (919)
Treasury stock, at cost |  | (1,386) |  |  | — |  |  | — |  |  | — |  |  | (1,386)
Total Ball Corporation shareholders' equity |  | 3,604 |  |  | 4,274 |  |  | 8,522 |  |  | (12,796) |  |  | 3,604
Noncontrolling interests |  | — |  |  | — |  |  | 106 |  |  | — |  |  | 106
Total shareholders' equity |  | 3,604 |  |  | 4,274 |  |  | 8,628 |  |  | (12,796) |  |  | 3,710
Total liabilities and shareholders' equity | $ | 8,359 |  | $ | 8,267 |  | $ | 14,384 |  | $ | (14,289) |  | $ | 16,721
| Unaudited Condensed Consolidating Balance Sheet
| December 31, 2016
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2 |  | $ | (11) |  | $ | 606 |  | $ | — |  | $ | 597
Receivables, net |  | 96 |  |  | 450 |  |  | 945 |  |  | — |  |  | 1,491
Intercompany receivables |  | 39 |  |  | 467 |  |  | 963 |  |  | (1,469) |  |  | —
Inventories, net |  | — |  |  | 516 |  |  | 897 |  |  | — |  |  | 1,413
Other current assets |  | 40 |  |  | 39 |  |  | 73 |  |  | — |  |  | 152
Total current assets |  | 177 |  |  | 1,461 |  |  | 3,484 |  |  | (1,469) |  |  | 3,653
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 23 |  |  | 1,087 |  |  | 3,277 |  |  | — |  |  | 4,387
Investment in subsidiaries |  | 7,815 |  |  | 4,291 |  |  | 423 |  |  | (12,529) |  |  | —
Goodwill |  | — |  |  | 985 |  |  | 4,110 |  |  | — |  |  | 5,095
Intangible assets, net |  | 18 |  |  | 76 |  |  | 1,840 |  |  | — |  |  | 1,934
Other assets |  | 94 |  |  | 306 |  |  | 704 |  |  | — |  |  | 1,104
Total assets | $ | 8,127 |  | $ | 8,206 |  | $ | 13,838 |  | $ | (13,998) |  | $ | 16,173
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt | $ | 141 |  | $ | — |  | $ | 81 |  | $ | — |  | $ | 222
Accounts payable |  | 18 |  |  | 772 |  |  | 1,243 |  |  | — |  |  | 2,033
Intercompany payables |  | 1,010 |  |  | 53 |  |  | 408 |  |  | (1,471) |  |  | —
Accrued employee costs |  | 25 |  |  | 152 |  |  | 138 |  |  | — |  |  | 315
Other current liabilities |  | 138 |  |  | 69 |  |  | 192 |  |  | — |  |  | 399
Total current liabilities |  | 1,332 |  |  | 1,046 |  |  | 2,062 |  |  | (1,471) |  |  | 2,969
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 6,337 |  |  | — |  |  | 973 |  |  | — |  |  | 7,310
Employee benefit obligations |  | 347 |  |  | 760 |  |  | 390 |  |  | — |  |  | 1,497
Intercompany long-term notes |  | (3,142) |  |  | 2,018 |  |  | 1,122 |  |  | 2 |  |  | —
Deferred taxes |  | (308) |  |  | 232 |  |  | 515 |  |  | — |  |  | 439
Other liabilities |  | 127 |  |  | 35 |  |  | 255 |  |  | — |  |  | 417
Total liabilities |  | 4,693 |  |  | 4,091 |  |  | 5,317 |  |  | (1,469) |  |  | 12,632
Common stock |  | 1,038 |  |  | 1,120 |  |  | 6,301 |  |  | (7,421) |  |  | 1,038
Preferred stock |  | — |  |  | — |  |  | 5 |  |  | (5) |  |  | —
Retained earnings |  | 4,739 |  |  | 3,832 |  |  | 2,661 |  |  | (6,493) |  |  | 4,739
Accumulated other comprehensive earnings (loss) |  | (942) |  |  | (837) |  |  | (552) |  |  | 1,390 |  |  | (941)
Treasury stock, at cost |  | (1,401) |  |  | — |  |  | — |  |  | — |  |  | (1,401)
Total Ball Corporation shareholders' equity |  | 3,434 |  |  | 4,115 |  |  | 8,415 |  |  | (12,529) |  |  | 3,435
Noncontrolling interests |  | — |  |  | — |  |  | 106 |  |  | — |  |  | 106
Total shareholders' equity |  | 3,434 |  |  | 4,115 |  |  | 8,521 |  |  | (12,529) |  |  | 3,541
Total liabilities and shareholders' equity | $ | 8,127 |  | $ | 8,206 |  | $ | 13,838 |  | $ | (13,998) |  | $ | 16,173
Schedule of Condensed Consolidating Statement of Cash Flows |
| Unaudited Condensed Consolidating Statement of Cash Flows
| Six Months Ended June 30, 2017
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash provided by (used in) operating activities | $ | 219 |  | $ | 127 |  | $ | (83) |  | $ | 263
Cash flows from investing activities capital expenditures |  | (15) |  |  | (138) |  |  | (87) |  |  | (240)
Proceeds from dispositions, net of cash sold |  | — |  |  | 31 |  |  | — |  |  | 31
Other, net |  | 2 |  |  | 31 |  |  | (31) |  |  | 2
Cash provided by (used in) investing activities |  | (13) |  |  | (76) |  |  | (118) |  |  | (207)
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 290 |  |  | — |  |  | — |  |  | 290
Repayments of long-term borrowings |  | (325) |  |  | — |  |  | (236) |  |  | (561)
Net change in short-term borrowings |  | 131 |  |  | — |  |  | (40) |  |  | 91
Proceeds from issuances of common stock, net of shares used for taxes |  | 14 |  |  | — |  |  | — |  |  | 14
Acquisitions of treasury stock |  | (3) |  |  | — |  |  | — |  |  | (3)
Common stock dividends |  | (58) |  |  | — |  |  | — |  |  | (58)
Intercompany |  | (252) |  |  | (39) |  |  | 291 |  |  | —
Other, net |  | — |  |  | (1) |  |  | — |  |  | (1)
Cash provided by (used in) financing activities |  | (203) |  |  | (40) |  |  | 15 |  |  | (228)
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | 8 |  |  | 8
Change in cash and cash equivalents |  | 3 |  |  | 11 |  |  | (178) |  |  | (164)
Cash and cash equivalents – beginning of period |  | 2 |  |  | (11) |  |  | 606 |  |  | 597
Cash and cash equivalents – end of period | $ | 5 |  | $ | — |  | $ | 428 |  | $ | 433
| Unaudited Condensed Consolidating Statement of Cash Flows
| Six Months Ended June 30, 2016
($ in millions) | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash provided by (used in) operating activities | $ | (23) |  | $ | 162 |  | $ | (103) |  | $ | 36
Cash flows from investing activities capital expenditures |  | (6) |  |  | (97) |  |  | (170) |  |  | (273)
Business acquisition, net of cash acquired |  | 4,506 |  |  | (1,890) |  |  | (2,203) |  |  | 413
Proceeds from dispositions, net of cash sold |  | 884 |  |  | — |  |  | 1,931 |  |  | 2,815
Other, net |  | (91) |  |  | 6 |  |  | (1) |  |  | (86)
Cash provided by (used in) investing activities |  | 5,293 |  |  | (1,981) |  |  | (443) |  |  | 2,869
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 2,195 |  |  | — |  |  | 1,629 |  |  | 3,824
Repayments of long-term borrowings |  | (590) |  |  | — |  |  | (31) |  |  | (621)
Net change in short-term borrowings |  | 200 |  |  | — |  |  | 50 |  |  | 250
Proceeds from issuances of common stock, net of shares used for taxes |  | 23 |  |  | — |  |  | — |  |  | 23
Acquisitions of treasury stock |  | (98) |  |  | — |  |  | — |  |  | (98)
Common stock dividends |  | (37) |  |  | — |  |  | — |  |  | (37)
Intercompany |  | (4,827) |  |  | 1,820 |  |  | 3,007 |  |  | —
Other, net |  | (11) |  |  | (1) |  |  | (9) |  |  | (21)
Cash provided by (used in) financing activities |  | (3,145) |  |  | 1,819 |  |  | 4,646 |  |  | 3,320
Effect of exchange rate changes on cash |  | 5 |  |  | 3 |  |  | (58) |  |  | (50)
Change in cash and cash equivalents |  | 2,130 |  |  | 3 |  |  | 4,042 |  |  | 6,175
Cash and cash equivalents – beginning of period |  | 5 |  |  | — |  |  | 219 |  |  | 224
Cash and cash equivalents – end of period | $ | 2,135 |  | $ | 3 |  | $ | 4,261 |  | $ | 6,399

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