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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Results of Operations (Unaudited) |
Schedule of quarterly results of operations |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ in millions, except per share amounts) | ​ | First Quarter | ​ | Second Quarter |  | Third Quarter | ​ | Fourth Quarter |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 2,785 | ​ | $ | 3,017 | ​ | $ | 2,953 | ​ | $ | 2,719 | ​ | $ | 11,474
Gross profit (a) | ​ | ​ | 407 | ​ | ​ | 463 | ​ | ​ | 468 | ​ | ​ | 437 | ​ | ​ | 1,775
Earnings before taxes | ​ | $ | 140 | ​ | $ | 226 | ​ | $ | 119 | ​ | $ | 123 | ​ | $ | 608
Net earnings (loss) attributable to Ball Corporation | ​ | $ | 117 | ​ | $ | 197 | ​ | $ | 92 | ​ | $ | 160 | ​ | $ | 566
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings (loss) per share (b) | ​ | $ | 0.35 | ​ | $ | 0.59 | ​ | $ | 0.28 | ​ | $ | 0.49 | ​ | $ | 1.71
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings (loss) per share (b) | ​ | $ | 0.34 | ​ | $ | 0.58 | ​ | $ | 0.27 | ​ | $ | 0.48 | ​ | $ | 1.66
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | First Quarter | ​ | Second Quarter | ​ | Third Quarter | ​ | Fourth Quarter | ​ | Total
2018 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 2,785 | ​ | $ | 3,101 | ​ | $ | 2,946 | ​ | $ | 2,803 | ​ | $ | 11,635
Gross profit (a) | ​ | ​ | 418 | ​ | ​ | 483 | ​ | ​ | 466 | ​ | ​ | 431 | ​ | ​ | 1,798
Earnings before taxes | ​ | $ | 152 | ​ | $ | 166 | ​ | $ | 192 | ​ | $ | 123 | ​ | $ | 633
Net earnings attributable to Ball Corporation | ​ | $ | 125 | ​ | $ | 119 | ​ | $ | 59 | ​ | $ | 151 | ​ | $ | 454
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share (b) | ​ | $ | 0.36 | ​ | $ | 0.34 | ​ | $ | 0.17 | ​ | $ | 0.45 | ​ | $ | 1.32
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings per share (b) | ​ | $ | 0.35 | ​ | $ | 0.34 | ​ | $ | 0.17 | ​ | $ | 0.44 | ​ | $ | 1.29
(a) | Gross profit is shown after depreciation and amortization related to cost of sales of $488 million and $509 million for the years ended December 31, 2019 and 2018, respectively.
(b) | Earnings per share calculations for each quarter are based on the weighted average shares outstanding for that period. As a result, the sum of the quarterly amounts may not equal the annual earnings per share amount.
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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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