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Condensed Combining Financial Information (Tables)
 12 Months Ended
Dec. 31, 2016
Crown Cork & Seal Company, Inc [Member]  
Condensed Combining Statement of Comprehensive Income
CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2016
(in millions)

 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales

 

 
$
8,284

 

 
$
8,284

Cost of products sold, excluding depreciation and amortization

 

 
6,583

 

 
6,583

Depreciation and amortization

 

 
247

 

 
247

Selling and administrative expense

 
$
7

 
361

 

 
368

Provision for asbestos

 
21

 

 

 
21

Restructuring and other

 
13

 
31

 

 
44

Income from operations
—

 
(41
)
 
1,062

 
—

 
1,021

Loss from early extinguishments of debt

 

 
37

 

 
37

Net interest expense

 
106

 
125

 

 
231

Foreign exchange

 

 
(16
)
 

 
(16
)
Income/(loss) before income taxes
—

 
(147
)
 
916

 
—

 
769

Provision for / (benefit from) income taxes

 
(12
)
 
198

 

 
186

Equity earnings in affiliates
$
496

 
529

 

 
$
(1,025
)
 
—

Net income
496

 
394

 
718

 
(1,025
)
 
583

Net income attributable to noncontrolling interests

 

 
(87
)
 

 
(87
)
Net income attributable to Crown Holdings
$
496

 
$
394

 
$
631

 
$
(1,025
)
 
$
496

 

 

 

 

 

Total comprehensive income
$
250

 
$
348

 
$
472

 
$
(733
)
 
$
337

Comprehensive income attributable to noncontrolling interests

 

 
(87
)
 

 
(87
)
Comprehensive income attributable to Crown Holdings
$
250

 
$
348

 
$
385

 
$
(733
)
 
$
250

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the year ended December 31, 2015
(in millions)

 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales

 

 
$
8,762

 

 
$
8,762

Cost of products sold, excluding depreciation and amortization

 

 
7,116

 

 
7,116

Depreciation and amortization

 

 
237

 

 
237

Selling and administrative expense

 
$
10

 
380

 

 
390

Provision for asbestos

 
26

 

 

 
26

Restructuring and other

 
(1
)
 
67

 

 
66

Income from operations
—

 
(35
)
 
962

 
—

 
927

Loss from early extinguishments of debt

 

 
9

 

 
9

Net interest expense

 
100

 
159

 

 
259

Foreign exchange

 

 
20

 

 
20

Income/(loss) before income taxes
—

 
(135
)
 
774

 
—

 
639

Provision for / (benefit from) income taxes

 
(35
)
 
213

 

 
178

Equity earnings in affiliates
$
393

 
385

 

 
$
(778
)
 
—

Net income
393

 
285

 
561

 
(778
)
 
461

Net income attributable to noncontrolling interests

 

 
(68
)
 

 
(68
)
Net income attributable to Crown Holdings
$
393

 
$
285

 
$
493

 
$
(778
)
 
$
393

 

 

 

 

 

Total comprehensive income
$
4

 
$
3

 
$
168

 
$
(107
)
 
$
68

Comprehensive income attributable to noncontrolling interests

 

 
(64
)
 

 
(64
)
Comprehensive income attributable to Crown Holdings
$
4

 
$
3

 
$
104

 
$
(107
)
 
$
4

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the year ended December 31, 2014
(in millions)
 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales

 

 
$
9,097

 

 
$
9,097

Cost of products sold, excluding depreciation and amortization

 

 
7,525

 

 
7,525

Depreciation and amortization

 

 
190

 

 
190

Selling and administrative expense

 
$
10

 
388

 

 
398

Provision for asbestos

 
40

 

 

 
40

Restructuring and other

 
14

 
115

 

 
129

Income from operations
—

 
(64
)
 
879

 
—

 
815

Loss from early extinguishments of debt

 

 
34

 

 
34

Net interest expense

 
93

 
153

 

 
246

Foreign exchange

 

 
14

 

 
14

Income/(loss) before income taxes
—

 
(157
)
 
678

 
—

 
521

Provision for / (benefit from) income taxes

 
(24
)
 
67

 

 
43

Equity earnings in affiliates
$
390

 
500

 

 
$
(890
)
 
—

Net income
390

 
367

 
611

 
(890
)
 
478

Net income attributable to noncontrolling interests

 

 
(88
)
 

 
(88
)
Net income attributable to Crown Holdings
$
390

 
$
367

 
$
523

 
$
(890
)
 
$
390

 

 

 

 

 

Total comprehensive income
$
138

 
$
115

 
$
360

 
$
(386
)
 
$
227

Comprehensive income attributable to noncontrolling interests

 

 
(89
)
 

 
(89
)
Comprehensive income attributable to Crown Holdings
$
138

 
$
115

 
$
271

 
$
(386
)
 
$
138
Condensed Combining Balance Sheet
 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

 

 
$
559

 

 
$
559

Receivables, net

 

 
865

 

 
865

Inventories

 

 
1,245

 

 
1,245

Prepaid expenses and other current assets
$
1

 

 
171

 

 
172

Total current assets
1

 
—

 
2,840

 
—

 
2,841

 
 
 
 
 
 
 
 
 
 
Intercompany debt receivables

 

 
3,447

 
$
(3,447
)
 
—

Investments
2,857

 
$
2,915

 

 
(5,772
)
 
—

Goodwill and intangible assets

 

 
3,263

 

 
3,263

Property, plant and equipment, net

 

 
2,820

 

 
2,820

Other non-current assets

 
447

 
228

 

 
675

Total
$
2,858

 
$
3,362

 
$
12,598

 
$
(9,219
)
 
$
9,599

 
 
 
 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term debt

 

 
$
33

 

 
$
33

Current maturities of long-term debt

 

 
161

 

 
161

Accounts payable and accrued liabilities
$
23

 
$
40

 
2,639

 

 
2,702

Total current liabilities
23

 
40

 
2,833

 
—

 
2,896

 
 
 
 
 
 
 
 
 
 
Long-term debt, excluding current maturities

 
392

 
4,325

 

 
4,717

Long-term intercompany debt
2,469

 
978

 

 
$
(3,447
)
 
—

Postretirement and pension liabilities

 

 
620

 

 
620

Other non-current liabilities

 
358

 
340

 

 
698

Commitments and contingent liabilities

 

 

 

 

Noncontrolling interests

 

 
302

 

 
302

Crown Holdings shareholders’ equity
366

 
1,594

 
4,178

 
(5,772
)
 
366

Total equity
366

 
1,594

 
4,480

 
(5,772
)
 
668

Total
$
2,858

 
$
3,362

 
$
12,598

 
$
(9,219
)
 
$
9,599

 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

 

 
$
717

 

 
$
717

Receivables, net

 

 
912

 

 
912

Inventories

 

 
1,213

 

 
1,213

Prepaid expenses and other current assets

 
$
2

 
205

 

 
207

Total current assets
—

 
2

 
3,047

 

 
3,049

 
 
 
 
 
 
 
 
 
 
Intercompany debt receivables

 

 
3,654

 
$
(3,654
)
 
—

Investments
$
2,887

 
2,490

 

 
(5,377
)
 
—

Goodwill and intangible assets

 

 
3,580

 

 
3,580

Property, plant and equipment, net

 

 
2,699

 

 
2,699

Other non-current assets

 
460

 
262

 

 
722

Total
$
2,887

 
$
2,952

 
$
13,242

 
$
(9,031
)
 
$
10,050

 
 
 
 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term debt

 

 
$
54

 

 
$
54

Current maturities of long-term debt

 

 
209

 

 
209

Accounts payable and accrued liabilities
$
24

 
$
41

 
2,580

 

 
2,645

Total current liabilities
24

 
41

 
2,843

 

 
2,908

 
 
 
 
 
 
 
 
 
 
Long-term debt, excluding current maturities

 
391

 
4,864

 

 
5,255

Long-term intercompany debt
2,769

 
885

 

 
$
(3,654
)
 
—

Postretirement and pension liabilities

 

 
767

 

 
767

Other non-current liabilities

 
389

 
346

 

 
735

Commitments and contingent liabilities

 

 

 

 

Noncontrolling interests

 

 
291

 

 
291

Crown Holdings shareholders’ equity
94

 
1,246

 
4,131

 
(5,377
)
 
94

Total equity
94

 
1,246

 
4,422

 
(5,377
)
 
385

Total
$
2,887

 
$
2,952

 
$
13,242

 
$
(9,031
)
 
$
10,050
Condensed Combining Statement of Cash Flows
 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net cash provided by/(used for) operating activities
$
63

 
$
(92
)
 
$
1,061

 
(102
)
 
$
930

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Capital expenditures

 

 
(473
)
 

 
(473
)
Proceeds from sale of property, plant and equipment

 
(1
)
 
11

 

 
10

Intercompany investing activities
235

 

 

 
$
(235
)
 
—

Other

 

 
21

 

 
21

Net cash provided by/(used for) investing activities
235

 
(1
)
 
(441
)
 
(235
)
 
(442
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt

 

 
1,380

 

 
1,380

Payments of long-term debt

 

 
(1,914
)
 

 
(1,914
)
Net change in revolving credit facility and short-term debt

 

 
(32
)
 

 
(32
)
Net change in long-term intercompany balances
(300
)
 
93

 
207

 

 
—

Debt issuance costs

 

 
(18
)
 

 
(18
)
Common stock issued
10

 

 

 

 
10

Common stock repurchased
(8
)
 

 

 

 
(8
)
Dividends paid

 

 
(337
)
 
337

 
—

Dividend paid to noncontrolling interests

 

 
(80
)
 

 
(80
)
Contribution from noncontrolling interests

 

 
4

 

 
4

Foreign exchange derivatives related to debt

 

 
42

 

 
42

Net cash provided by/(used for) financing activities
(298
)
 
93

 
(748
)
 
337

 
(616
)
Effect of exchange rate changes on cash and cash equivalents

 

 
(30
)
 

 
(30
)
Net change in cash and cash equivalents
—

 
—

 
(158
)
 
—

 
(158
)
Cash and cash equivalents at January 1

 

 
717

 

 
717

Cash and cash equivalents at December 31
$
—

 
$
—

 
$
559

 
$
—


$
559

 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net cash provided by/(used for) operating activities
$
33

 
$
(65
)
 
$
988

 

 
$
956

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Capital expenditures

 

 
(354
)
 

 
(354
)
Acquisition of businesses, net of cash acquired

 

 
(1,207
)
 

 
(1,207
)
Proceeds from sale of businesses, net of cash sold

 

 
33

 

 
33

Proceeds from sale of property, plant and equipment

 

 
7

 

 
7

Intercompany investing activities
(738
)
 
21

 
738

 
$
(21
)
 
—

Net investment hedge settlements

 

 
(11
)
 

 
(11
)
Other

 

 
(16
)
 

 
(16
)
Net cash provided by/(used for) investing activities
(738
)
 
21

 
(810
)
 
(21
)
 
(1,548
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt

 

 
1,435

 

 
1,435

Payments of long-term debt

 
(17
)
 
(883
)
 

 
(900
)
Net change in revolving credit facility and short-term debt

 

 
(7
)
 

 
(7
)
Net change in long-term intercompany balances
708

 
61

 
(769
)
 

 
—

Debt issuance costs

 

 
(18
)
 

 
(18
)
Common stock issued
6

 

 

 

 
6

Common stock repurchased
(9
)
 

 

 

 
(9
)
Dividends paid

 

 
(21
)
 
21

 
—

Dividend paid to noncontrolling interests

 

 
(48
)
 

 
(48
)
Contribution from noncontrolling interests

 

 
5

 

 
5

Foreign exchange derivatives related to debt

 

 
(58
)
 

 
(58
)
Net cash provided by/(used for) financing activities
705

 
44

 
(364
)
 
21

 
406

Effect of exchange rate changes on cash and cash equivalents

 

 
(62
)
 

 
(62
)
Net change in cash and cash equivalents
—

 
—

 
(248
)
 
—

 
(248
)
Cash and cash equivalents at January 1

 

 
965

 

 
965

Cash and cash equivalents at December 31
$
—

 
$
—

 
$
717

 
$
—

 
$
717

CONDENSED COMBINING STATEMENT OF CASH FLOWS
For the year ended December 31, 2014
(in millions)


 
Parent
 
Issuer
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net cash provided by/(used for) operating activities
$
25

 
$
(130
)
 
$
1,017

 

 
$
912

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
Capital expenditures

 

 
(328
)
 

 
(328
)
Acquisition of businesses, net of cash acquired

 

 
(733
)
 

 
(733
)
Proceeds from sale of business, net of cash sold

 

 
22

 

 
22

Proceeds from sale of property, plant and equipment

 

 
16

 

 
16

Intercompany investing activities
(941
)
 
56

 
941

 
$
(56
)
 
—

Other

 

 
2

 

 
2

Net cash provided by/(used for) investing activities
(941
)
 
56

 
(80
)
 
(56
)
 
(1,021
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt

 

 
2,742

 

 
2,742

Payments of long-term debt

 

 
(1,752
)
 

 
(1,752
)
Net change in revolving credit facility and short-term debt

 

 
(319
)
 

 
(319
)
Net change in long-term intercompany balances
904

 
74

 
(978
)
 

 
—

Debt issuance costs

 

 
(41
)
 

 
(41
)
Common stock issued
14

 

 

 

 
14

Common stock repurchased
(2
)
 

 

 

 
(2
)
Dividends paid

 

 
(56
)
 
56

 
—

Purchase of noncontrolling interests

 

 
(93
)
 

 
(93
)
Dividend paid to noncontrolling interests

 

 
(77
)
 

 
(77
)
Foreign exchange derivatives related to debt

 

 
(27
)
 

 
(27
)
Net cash provided by/(used for) financing activities
916

 
74

 
(601
)
 
56

 
445

Effect of exchange rate changes on cash and cash equivalents

 

 
(60
)
 

 
(60
)
Net change in cash and cash equivalents
—

 
—

 
276

 
—

 
276

Cash and cash equivalents at January 1

 

 
689

 

 
689

Cash and cash equivalents at December 31
$
—

 
$
—

 
$
965

 
$
—

 
$
965
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]  
Condensed Combining Statement of Comprehensive Income
CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2016
(in millions)

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales
 
 
 
 
$
1,918

 
$
6,366

 
 
 
$
8,284

Cost of products sold, excluding depreciation and amortization
 
 
 
 
1,550

 
5,033

 
 
 
6,583

Depreciation and amortization
 
 
 
 
33

 
214

 
 
 
247

Selling and administrative expense
 
 
$
10

 
135

 
223

 
 
 
368

Provision for asbestos
 
 
 
 
21

 
 
 
 
 
21

Restructuring and other
 
 
(5
)
 
25

 
24

 
 
 
44

Income from operations

 
(5
)
 
154

 
872

 

 
1,021

Loss from early extinguishments of debt
 
 
32

 
 
 
5

 
 
 
37

Net interest expense
 
 
66

 
86

 
79

 
 
 
231

Technology royalty
 
 
 
 
(38
)
 
38

 
 
 
—

Foreign exchange
 
 
(21
)
 
1

 
(17
)
 
$
21

 
(16
)
Income/(loss) before income taxes

 
(82
)
 
105

 
767

 
(21
)
 
769

Provision for / (benefit from) income taxes
 
 
(31
)
 
81

 
143

 
(7
)
 
186

Equity earnings in affiliates
$
496

 
207

 
370

 
 
 
(1,073
)
 
—

Net income
496

 
156

 
394

 
624

 
(1,087
)
 
583

Net income attributable to noncontrolling interests
 
 
 
 
 
 
(87
)
 
 
 
(87
)
Net income attributable to Crown Holdings
$
496

 
$
156

 
$
394

 
$
537

 
$
(1,087
)
 
$
496

 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income
$
250

 
$
119

 
$
348

 
$
394

 
$
(774
)
 
$
337

Comprehensive income attributable to noncontrolling interests
 
 
 
 
 
 
(87
)
 
 
 
(87
)
Comprehensive income attributable to Crown Holdings
$
250

 
$
119

 
$
348

 
$
307

 
$
(774
)
 
$
250

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2015
(in millions)

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales
 
 
 
 
$
2,013

 
$
6,749

 
 
 
$
8,762

Cost of products sold, excluding depreciation and amortization
 
 
 
 
1,611

 
5,505

 
 
 
7,116

Depreciation and amortization
 
 
 
 
32

 
205

 
 
 
237

Selling and administrative expense
 
 
$
9

 
153

 
228

 
 
 
390

Provision for asbestos
 
 
 
 
26

 
 
 
 
 
26

Restructuring and other
 
 
 
 
7

 
59

 
 
 
66

Income from operations

 
(9
)
 
184

 
752

 

 
927

Loss from early extinguishments of debt
 
 
9

 
 
 
 
 
 
 
9

Net interest expense
 
 
91

 
90

 
78

 
 
 
259

Technology royalty
 
 
 
 
(42
)
 
42

 
 
 
—

Foreign exchange
 
 
(8
)
 
3

 
17

 
$
8

 
20

Income/(loss) before income taxes

 
(101
)
 
133

 
615

 
(8
)
 
639

Provision for / (benefit from) income taxes
 
 
(38
)
 
79

 
140

 
(3
)
 
178

Equity earnings in affiliates
$
393

 
183

 
231

 
 
 
(807
)
 
—

Net income
393

 
120

 
285

 
475

 
(812
)
 
461

Net income attributable to noncontrolling interests
 
 
 
 
 
 
(68
)
 
 
 
(68
)
Net income attributable to Crown Holdings
$
393

 
$
120

 
$
285

 
$
407

 
$
(812
)
 
$
393

 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income
$
4

 
$
146

 
$
64

 
$
46

 
$
(192
)
 
$
68

Comprehensive income attributable to noncontrolling interests
 
 
 
 
 
 
(64
)
 
 
 
(64
)
Comprehensive income attributable to Crown Holdings
$
4

 
$
146

 
$
64

 
$
(18
)
 
$
(192
)
 
$
4

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2014
(in millions)

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net sales
 
 
 
 
$
2,154

 
$
6,943

 
 
 
$
9,097

Cost of products sold, excluding depreciation and amortization
 
 
 
 
1,725

 
5,800

 
 
 
7,525

Depreciation and amortization
 
 
 
 
31

 
159

 
 
 
190

Selling and administrative expense
 
 
$
9

 
144

 
245

 
 
 
398

Provision for asbestos
 
 
 
 
40

 
 
 
 
 
40

Restructuring and other
 
 
5

 
44

 
80

 
 
 
129

Income from operations

 
(14
)
 
170

 
659

 

 
815

Loss from early extinguishments of debt
 
 
 
 
 
 
34

 
 
 
34

Net interest expense
 
 
58

 
90

 
98

 
 
 
246

Technology royalty
 
 
 
 
(48
)
 
48

 
 
 
—

Foreign exchange
 
 
 
 
 
 
14

 
 
 
14

Income/(loss) before income taxes

 
(72
)
 
128

 
465

 

 
521

Provision for / (benefit from) income taxes
 
 
(27
)
 
88

 
(18
)
 
 
 
43

Equity earnings in affiliates
$
390

 
222

 
327

 
 
 
$
(939
)
 
—

Net income
390

 
177

 
367

 
483

 
(939
)
 
478

Net income attributable to noncontrolling interests
 
 
 
 
 
 
(88
)
 
 
 
(88
)
Net income attributable to Crown Holdings
$
390

 
$
177

 
$
367

 
$
395

 
$
(939
)
 
$
390

 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income
$
138

 
$
67

 
$
115

 
$
340

 
$
(433
)
 
$
227

Comprehensive income attributable to noncontrolling interests
 
 
 
 
 
 
(89
)
 
 
 
(89
)
Comprehensive income attributable to Crown Holdings
$
138

 
$
67

 
$
115

 
$
251

 
$
(433
)
 
$
138
Condensed Combining Balance Sheet
 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
$
83

 
 
 
$
476

 
 
 
$
559

Receivables, net
 
 
3

 
$
20

 
842

 
 
 
865

Intercompany receivables
 
 
 
 
33

 
6

 
$
(39
)
 
—

Inventories
 
 
 
 
313

 
932

 
 
 
1,245

Prepaid expenses and other current assets
$
1

 
2

 
13

 
156

 
 
 
172

Total current assets
1

 
88

 
379

 
2,412

 
(39
)
 
2,841

 
 
 
 
 
 
 
 
 
 
 
 
Intercompany debt receivables
 
 
2,703

 
3,234

 
690

 
(6,627
)
 
—

Investments
$
2,857

 
2,319

 
954

 
 
 
(6,130
)
 
—

Goodwill and intangible assets
 
 
 
 
469

 
2,794

 
 
 
3,263

Property, plant and equipment, net
 
 
1

 
496

 
2,323

 
 
 
2,820

Other non-current assets
 
 
3

 
464

 
208

 
 
 
675

Total
$
2,858

 
$
5,114

 
$
5,996

 
$
8,427

 
$
(12,796
)
 
$
9,599

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term debt
 
 
 
 
 
 
$
33

 
 
 
$
33

Current maturities of long-term debt
 
 
$
118

 
 
 
43

 
 
 
161

Accounts payable and accrued liabilities
$
23

 
32

 
$
577

 
2,070

 
 
 
2,702

Intercompany payables
 
 
 
 
6

 
33

 
$
(39
)
 
—

Total current liabilities
23

 
150

 
583

 
2,179

 
(39
)
 
2,896

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, excluding current maturities
 
 
2,258

 
392

 
2,067

 
 
 
4,717

Long-term intercompany debt
2,469

 
1,328

 
2,624

 
206

 
(6,627
)
 
—

Postretirement and pension liabilities
 
 
 
 
422

 
198

 
 
 
620

Other non-current liabilities
 
 
 
 
381

 
317

 
 
 
698

Commitments and contingent liabilities
 
 
 
 
 
 
 
 
 
 

Noncontrolling interests
 
 
 
 
 
 
302

 
 
 
302

Crown Holdings shareholders’ equity
366

 
1,378

 
1,594

 
3,158

 
(6,130
)
 
366

Total equity
366

 
1,378

 
1,594

 
3,460

 
(6,130
)
 
668

Total
$
2,858

 
$
5,114

 
$
5,996

 
$
8,427

 
$
(12,796
)
 
$
9,599

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
$
104

 
 
 
$
613

 
 
 
$
717

Receivables, net
 
 
 
 
$
23

 
889

 
 
 
912

Intercompany receivables
 
 
 
 
30

 
2

 
$
(32
)
 
—

Inventories
 
 
 
 
291

 
922

 
 
 
1,213

Prepaid expenses and other current assets
 
 
2

 
7

 
198

 
 
 
207

Total current assets
—

 
106

 
351

 
2,624

 
(32
)
 
3,049

 
 
 
 
 
 
 
 
 
 
 
 
Intercompany debt receivables
 
 
3,111

 
3,471

 
681

 
(7,263
)
 
—

Investments
$
2,887

 
2,199

 
804

 
 
 
(5,890
)
 
—

Goodwill and intangible assets
 
 
 
 
471

 
3,109

 
 
 
3,580

Property, plant and equipment, net
 
 
1

 
390

 
2,308

 
 
 
2,699

Other non-current assets
 
 
6

 
487

 
229

 
 
 
722

Total
$
2,887

 
$
5,423

 
$
5,974

 
$
8,951

 
$
(13,185
)
 
$
10,050

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term debt
 
 
 
 
 
 
$
54

 
 
 
$
54

Current maturities of long-term debt
 
 
$
90

 
 
 
119

 
 
 
209

Accounts payable and accrued liabilities
$
24

 
47

 
$
526

 
2,048

 
 
 
2,645

Intercompany payables
 
 
 
 
2

 
30

 
$
(32
)
 
—

Total current liabilities
24

 
137

 
528

 
2,251

 
(32
)
 
2,908

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, excluding current maturities
 
 
2,759

 
391

 
2,105

 
 
 
5,255

Long-term intercompany debt
2,769

 
1,268

 
3,041

 
185

 
(7,263
)
 
—

Postretirement and pension liabilities
 
 
 
 
377

 
390

 
 
 
767

Other non-current liabilities
 
 
 
 
391

 
344

 
 
 
735

Commitments and contingent liabilities
 
 
 
 
 
 
 
 
 
 

Noncontrolling interests
 
 
 
 
 
 
291

 
 
 
291

Crown Holdings shareholders’ equity
94

 
1,259

 
1,246

 
3,385

 
(5,890
)
 
94

Total equity
94

 
1,259

 
1,246

 
3,676

 
(5,890
)
 
385

Total
$
2,887

 
$
5,423

 
$
5,974

 
$
8,951

 
$
(13,185
)
 
$
10,050
Condensed Combining Statement of Cash Flows
 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net provided by/(used for) operating activities
$
63

 
$
1

 
$
143

 
$
875

 
$
(152
)
 
$
930

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
(127
)
 
(346
)
 
 
 
(473
)
Proceeds from sale of property, plant and equipment
 
 
 
 
4

 
6

 
 
 
10

Intercompany investing activities
235

 
 
 
150

 
 
 
(385
)
 
—

Other
 
 
 
 
10

 
11

 
 
 
21

Net cash provided by/(used for) investing activities
235

 
—

 
37

 
(329
)
 
(385
)
 
(442
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt
 
 
700

 
 
 
680

 
 
 
1,380

Payments of long-term debt
 
 
(1,181
)
 
 
 
(733
)
 
 
 
(1,914
)
Net change in revolving credit facility and short-term debt
 
 
 
 
 
 
(32
)
 
 
 
(32
)
Net change in long-term intercompany balances
(300
)
 
468

 
(180
)
 
12

 
 
 
—

Debt issuance costs
 
 
(9
)
 
 
 
(9
)
 
 
 
(18
)
Common stock issued
10

 
 
 
 
 
 
 
 
 
10

Common stock repurchased
(8
)
 
 
 
 
 
 
 
 
 
(8
)
Dividends paid
 
 
 
 
 
 
(537
)
 
537

 
—

Dividends paid to noncontrolling interests
 
 
 
 
 
 
(80
)
 
 
 
(80
)
Contribution from noncontrolling interests
 
 
 
 
 
 
4

 
 
 
4

Foreign exchange derivatives related to debt
 
 
 
 
 
 
42

 
 
 
42

Net cash provided by/(used for) financing activities
(298
)
 
(22
)
 
(180
)
 
(653
)
 
537

 
(616
)
Effect of exchange rate changes on cash and cash equivalents
 
 
 
 
 
 
(30
)
 
 
 
(30
)
Net change in cash and cash equivalents
—

 
(21
)
 
—

 
(137
)
 
—

 
(158
)
Cash and cash equivalents at January 1
 
 
104

 


 
613

 
 
 
717

Cash and cash equivalents at December 31
$
—

 
$
83

 
$
—

 
$
476

 
$
—

 
$
559

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net provided by/(used for) operating activities
$
33

 
$
(34
)
 
$
6

 
$
951

 
 
 
$
956

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
(80
)
 
(274
)
 
 
 
(354
)
Acquisition of businesses, net of cash acquired
 
 
 
 
 
 
(1,207
)
 
 
 
(1,207
)
Proceeds from sale of businesses, net of cash sold
 
 
 
 
 
 
33

 
 
 
33

Proceeds from sale of property, plant and equipment
 
 
 
 
2

 
5

 
 
 
7

Intercompany investing activities
(738
)
 
15

 
71

 
738

 
$
(86
)
 
—

Net investment hedge settlements
 
 
(11
)
 
 
 
 
 
 
 
(11
)
Other
 
 
 
 
(10
)
 
(6
)
 
 
 
(16
)
Net cash provided by/(used for) investing activities
(738
)
 
4

 
(17
)
 
(711
)
 
(86
)
 
(1,548
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt
 
 
750

 
 
 
685

 
 
 
1,435

Payments of long-term debt
 
 
(722
)
 
 
 
(178
)
 
 
 
(900
)
Net change in revolving credit facility and short-term debt
 
 
 
 
 
 
(7
)
 
 
 
(7
)
Net change in long-term intercompany balances
708

 
(12
)
 
11

 
(707
)
 
 
 
—

Debt issuance costs
 
 
(10
)
 
 
 
(8
)
 
 
 
(18
)
Common stock issued
6

 
 
 
 
 
 
 
 
 
6

Common stock repurchased
(9
)
 
 
 
 
 
 
 
 
 
(9
)
Dividends paid
 
 
 
 
 
 
(86
)
 
86

 
—

Dividends paid to noncontrolling interests
 
 
 
 
 
 
(48
)
 
 
 
(48
)
Contribution from noncontrolling interests
 
 
 
 
 
 
5

 
 
 
5

Foreign exchange derivatives related to debt
 
 
 
 
 
 
(58
)
 
 
 
(58
)
Net cash provided by/(used for) financing activities
705

 
6

 
11

 
(402
)
 
86

 
406

Effect of exchange rate changes on cash and cash equivalents
 
 
 
 
 
 
(62
)
 
 
 
(62
)
Net change in cash and cash equivalents
—

 
(24
)
 
—

 
(224
)
 
—

 
(248
)
Cash and cash equivalents at January 1
 
 
128

 
 
 
837

 
 
 
965

Cash and cash equivalents at December 31
$
—

 
$
104

 
$
—

 
$
613

 
$
—

 
$
717

 
Parent
 
Issuer
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Total
Company
Net provided by/(used for) operating activities
$
25

 
$
(38
)
 
$
52

 
$
873

 
 
 
$
912

Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
(42
)
 
(286
)
 
 
 
(328
)
Acquisition of businesses, net of cash acquired
 
 
 
 
 
 
(733
)
 
 
 
(733
)
Proceeds from sale of businesses, net of cash sold
 
 
 
 
 
 
22

 
 
 
22

Proceeds from sale of property, plant and equipment
 
 
 
 
6

 
10

 
 
 
16

Intercompany investing activities
(941
)
 
24

 
44

 
954

 
$
(81
)
 
—

Other
 
 
 
 
 
 
2

 
 
 
2

Net cash provided by/(used for) investing activities
(941
)
 
24

 
8

 
(31
)
 
(81
)
 
(1,021
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt
 
 
942

 
 
 
1,800

 
 
 
2,742

Payments of long-term debt
 
 
(4
)
 
 
 
(1,748
)
 
 
 
(1,752
)
Net change in revolving credit facility and short-term debt
 
 
 
 
 
 
(319
)
 
 
 
(319
)
Net change in long-term intercompany balances
904

 
(949
)
 
14

 
31

 
 
 
—

Debt issuance costs
 
 
(24
)
 
 
 
(17
)
 
 
 
(41
)
Common stock issued
14

 
 
 
 
 
 
 
 
 
14

Common stock repurchased
(2
)
 
 
 
 
 
 
 
 
 
(2
)
Dividends paid
 
 
 
 
 
 
(81
)
 
81

 
—

Purchase of noncontrolling interests
 
 
 
 
(76
)
 
(17
)
 
 
 
(93
)
Dividends paid to noncontrolling interests
 
 
 
 
 
 
(77
)
 
 
 
(77
)
Foreign exchange derivatives related to debt
 
 
 
 
 
 
(27
)
 
 
 
(27
)
Net cash provided by/(used for) financing activities
916

 
(35
)
 
(62
)
 
(455
)
 
81

 
445

Effect of exchange rate changes on cash and cash equivalents
 
 
 
 
 
 
(60
)
 
 
 
(60
)
Net change in cash and cash equivalents
—

 
(49
)
 
(2
)
 
327

 
—

 
276

Cash and cash equivalents at January 1
 
 
177

 
2

 
510

 
 
 
689

Cash and cash equivalents at December 31
$
—

 
$
128

 
$
—

 
$
837

 
$
—

 
$
965