XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s business is organized geographically within three divisions, Americas, Europe and Asia Pacific. Within the Americas and European divisions, the Company has determined that it has the following reportable segments organized along a combination of product lines and geographic areas: Americas Beverage and North America Food within the Americas, and European Beverage and European Food within Europe. The Company's Asia Pacific division is a reportable segment. Non-reportable segments include the Company’s aerosol can businesses in North America and Europe, the Company’s specialty packaging business in Europe and the Company’s tooling and equipment operations in the U.S. and United Kingdom. The Company evaluates performance and allocates resources based on segment income. Segment income, which is not a defined term under GAAP, is defined by the Company as income from operations adjusted to add back provisions for asbestos and restructuring and other, the impact of fair value adjustments related to the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness. Segment income should not be considered in isolation or as a substitute for net income data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies. The tables below present information about operating segments for the three years ended December 31, 2016, 2015 and 2014:
2016 |  |  | Inter- |  |  |  | Depreciation |  |  |  |
| External |  | segment |  | Segment |  | and |  | Capital |  | Segment
| sales |  | sales |  | assets |  | amortization |  | expenditures |  | income
Americas Beverage | $ | 2,757 |  |  | $ | 50 |  |  | $ | 2,886 |  |  | $ | 92 |  |  | $ | 220 |  |  | $ | 456 |
North America Food | 652 |  |  | 24 |  |  | 666 |  |  | 11 |  |  | 9 |  |  | 69 |
European Beverage | 1,420 |  |  | 3 |  |  | 1,381 |  |  | 32 |  |  | 94 |  |  | 243 |
European Food | 1,855 |  |  | 59 |  |  | 2,557 |  |  | 53 |  |  | 42 |  |  | 244 |
Asia Pacific | 1,116 |  |  | — |  |  | 1,161 |  |  | 40 |  |  | 80 |  |  | 152 |
Total reportable segments | 7,800 |  |  | 136 |  |  | 8,651 |  |  | 228 |  |  | 445 |  |  | $ | 1,164 |
Non-reportable segments | 484 |  |  | 129 |  |  | 368 |  |  | 7 |  |  | 14 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 580 |  |  | 12 |  |  | 14 |  |  |
Total | $ | 8,284 |  |  | $ | 265 |  |  | $ | 9,599 |  |  | $ | 247 |  |  | $ | 473 |  |  |  |
2015 |  |  | Inter- |  |  |  | Depreciation |  |  |  |
| External |  | segment |  | Segment |  | and |  | Capital |  | Segment
| sales |  | sales |  | assets |  | amortization |  | expenditures |  | income
Americas Beverage | $ | 2,771 |  |  | $ | 71 |  |  | $ | 2,977 |  |  | $ | 93 |  |  | $ | 119 |  |  | $ | 427 |
North America Food | 680 |  |  | 4 |  |  | 527 |  |  | 10 |  |  | 14 |  |  | 86 |
European Beverage | 1,504 |  |  | 1 |  |  | 1,461 |  |  | 27 |  |  | 97 |  |  | 228 |
European Food | 1,984 |  |  | 93 |  |  | 2,723 |  |  | 53 |  |  | 35 |  |  | 246 |
Asia Pacific | 1,202 |  |  | 2 |  |  | 1,133 |  |  | 40 |  |  | 68 |  |  | 145 |
Total reportable segments | 8,141 |  |  | 171 |  |  | 8,821 |  |  | 223 |  |  | 333 |  |  | $ | 1,132 |
Non-reportable segments | 621 |  |  | 96 |  |  | 457 |  |  | 8 |  |  | 15 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 772 |  |  | 6 |  |  | 6 |  |  |
Total | $ | 8,762 |  |  | $ | 267 |  |  | $ | 10,050 |  |  | $ | 237 |  |  | $ | 354 |  |  |
2014 |  |  | Inter- |  |  |  | Depreciation |  |  |  |
| External |  | segment |  | Segment |  | and |  | Capital |  | Segment
| sales |  | sales |  | assets |  | amortization |  | expenditures |  | income
Americas Beverage | $ | 2,335 |  |  | $ | 82 |  |  | $ | 1,752 |  |  | $ | 40 |  |  | $ | 114 |  |  | $ | 334 |
North America Food | 809 |  |  | 7 |  |  | 456 |  |  | 9 |  |  | 12 |  |  | 127 |
European Beverage | 1,708 |  |  | 2 |  |  | 1,520 |  |  | 27 |  |  | 98 |  |  | 265 |
European Food | 2,197 |  |  | 81 |  |  | 3,213 |  |  | 59 |  |  | 43 |  |  | 221 |
Asia Pacific | 1,226 |  |  | — |  |  | 1,335 |  |  | 39 |  |  | 45 |  |  | 142 |
Total reportable segments | 8,275 |  |  | 172 |  |  | 8,276 |  |  | 174 |  |  | 312 |  |  | $ | 1,089 |
Non-reportable segments | 822 |  |  | 108 |  |  | 533 |  |  | 9 |  |  | 13 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 884 |  |  | 7 |  |  | 3 |  |  |
Total | $ | 9,097 |  |  | $ | 280 |  |  | $ | 9,693 |  |  | $ | 190 |  |  | $ | 328 |  |  |
Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process. Corporate and unallocated items include corporate and division administrative costs, technology costs, and unallocated items such as the U.S. and U.K. pension plan costs. A reconciliation of segment income of reportable segments to income before income taxes and equity earnings for the three years ended December 31, 2016, 2015 and 2014 follows:
| 2016 |  | 2015 |  | 2014
Segment income of reportable segments | $ | 1,164 |  |  | $ | 1,132 |  |  | $ | 1,089 |
Segment income of non-reportable segments | 70 |  |  | 83 |  |  | 92 |
Corporate and unallocated items | (148 | ) |  | (196 | ) |  | (197 | )
Provision for asbestos | (21 | ) |  | (26 | ) |  | (40 | )
Restructuring and other | (44 | ) |  | (66 | ) |  | (129 | )
Loss from early extinguishments of debt | (37 | ) |  | (9 | ) |  | (34 | )
Interest expense | (243 | ) |  | (270 | ) |  | (253 | )
Interest income | 12 |  |  | 11 |  |  | 7 |
Foreign exchange | 16 |  |  | (20 | ) |  | (14 | )
Income before income taxes and equity earnings | $ | 769 |  |  | $ | 639 |  |  | $ | 521 |
For the three years ended December 31, 2016, 2015 and 2014, intercompany profit of $13, $2 and $4 was eliminated within segment income of non-reportable segments. For the three years ended December 31, 2016, 2015 and 2014, no one customer accounted for more than 10% of the Company's consolidated net sales. Sales by major product were:
| 2016 |  | 2015 |  | 2014
Metal beverage cans and ends | $ | 4,834 |  |  | $ | 4,957 |  |  | $ | 4,863 |
Metal food cans and ends | 2,213 |  |  | 2,410 |  |  | 2,735 |
Other metal packaging | 877 |  |  | 977 |  |  | 1,173 |
Other products | 360 |  |  | 418 |  |  | 326 |
Consolidated net sales | $ | 8,284 |  |  | $ | 8,762 |  |  | $ | 9,097 |
Sales and long-lived assets for the major countries in which the Company operates follows:
| Net Sales |  | Long-Lived Assets
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015
United States | $ | 1,918 |  |  | $ | 2,013 |  |  | $ | 2,163 |  |  | $ | 497 |  |  | $ | 391 |
Mexico | 688 |  |  | 693 |  |  | 119 |  |  | 304 |  |  | 284 |
Spain | 645 |  |  | 669 |  |  | 728 |  |  | 203 |  |  | 224 |
United Kingdom | 559 |  |  | 712 |  |  | 783 |  |  | 136 |  |  | 144 |
Other | 4,474 |  |  | 4,675 |  |  | 5,304 |  |  | 1,680 |  |  | 1,656 |
Consolidated total | $ | 8,284 |  |  | $ | 8,762 |  |  | $ | 9,097 |  |  | $ | 2,820 |  |  | $ | 2,699 |

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

X
- 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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration