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Accounting and Reporting Developments (Tables) | 3 Months Ended
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Mar. 31, 2018
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of January 1, 2018 for the adoption of the new revenue standard was as follows:
| As reported |  | As revised
| December 31, |  | January 1,
| 2017 | Adjustment | 2018
Receivables, net | $ | 1,041 |  | $ | 154 |  | $ | 1,195 |
Inventories | 1,385 |  | (144 | ) | 1,241 |
Prepaid and other current assets | 224 |  | 26 |  | 250 |
Total current assets | 3,074 |  | 36 |  | 3,110 |
Other non-current assets | 832 |  | 1 |  | 833 |
Total assets | 10,663 |  | 37 |  | 10,700 |
Accrued liabilities | 757 |  | 17 |  | 774 |
Total current liabilities | 3,250 |  | 17 |  | 3,267 |
Other non-current liabilities | 685 |  | 10 |  | 695 |
Noncontrolling interests | 322 |  | 1 |  | 323 |
Accumulated earnings | 3,004 |  | 9 |  | 3,013 |
Crown Holdings shareholders' equity | 601 |  | 9 |  | 610 |
Total equity | 923 |  | 10 |  | 933 |
Total liabilities and equity | 10,663 |  | 37 |  | 10,700 |
In accordance with the new revenue standard, the impact of adoption on the Company’s Consolidated Balance Sheet and Statement of Operations was as follows:
| As reported |  | Balances
| March 31, | Effects of | without adoption
Consolidated Balance Sheet | 2018 | Change | of new standard
Receivables, net | $ | 1,386 |  | $ | (245 | ) | $ | 1,141 |
Inventories | 1,431 |  | 210 |  | 1,641 |
Prepaid and other current assets | 243 |  | (20 | ) | 223 |
Total current assets | 5,261 |  | (55 | ) | 5,206 |
Other non-current assets | 875 |  | 2 |  | 877 |
Total assets | 13,079 |  | (53 | ) | 13,026 |
Accrued liabilities | 759 |  | (22 | ) | 737 |
Total current liabilities | 2,861 |  | (22 | ) | 2,839 |
Other non-current liabilities | 744 |  | (10 | ) | 734 |
Noncontrolling interests | 347 |  | (1 | ) | 346 |
Accumulated earnings | 3,100 |  | (20 | ) | 3,080 |
Crown Holdings shareholders' equity | 765 |  | (20 | ) | 745 |
Total equity | 1,112 |  | (21 | ) | 1,091 |
Total liabilities and equity | 13,079 |  | (53 | ) | 13,026 |
| As reported |  | Balances
| March 31, | Effects of | without adoption
Statement of Operations | 2018 | Change | of new standard
Net Sales | $ | 2,197 |  | $ | (82 | ) | $ | 2,115 |
Cost of products sold, excluding depreciation and amortization | 1,808 |  | (69 | ) | 1,739 |
Income from operations | 221 |  | (13 | ) | 208 |
Income before taxes | 152 |  | (13 | ) | 139 |
Provision for income taxes | 39 |  | (3 | ) | 36 |
Net income | 113 |  | (10 | ) | 103 |
Net income attributable to Crown Holdings | 90 |  | (10 | ) | 80 |
Earnings per common share attributable to Crown Holdings: |  |  |
Basic | $ | 0.67 |  | $ | (0.07 | ) | $ | 0.60 |
Diluted | $ | 0.67 |  | $ | (0.07 | ) | $ | 0.60 |
Schedule of Cash and Cash Equivalents | Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows:
| March 31, 2018 |  | December 31, 2017
Cash and cash equivalents | $ | 2,201 |  |  | $ | 424 |
Restricted cash, included in prepaid expenses and other current assets | 1 |  |  | 2 |
Restricted cash, included in other non-current assets | 9 |  |  | 9 |
Total cash, cash equivalents and restricted cash | $ | 2,211 |  |  | $ | 435 |
| March 31, 2017 |  | December 31, 2016
Cash and cash equivalents | $ | 338 |  |  | $ | 559 |
Restricted cash, included in prepaid expenses and other current assets | 8 |  |  | 8 |
Restricted cash, included in other non-current assets | 9 |  |  | 9 |
Total cash, cash equivalents and restricted cash | $ | 355 |  |  | $ | 576 |
Schedule of Restricted Cash | Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows:
| March 31, 2018 |  | December 31, 2017
Cash and cash equivalents | $ | 2,201 |  |  | $ | 424 |
Restricted cash, included in prepaid expenses and other current assets | 1 |  |  | 2 |
Restricted cash, included in other non-current assets | 9 |  |  | 9 |
Total cash, cash equivalents and restricted cash | $ | 2,211 |  |  | $ | 435 |
| March 31, 2017 |  | December 31, 2016
Cash and cash equivalents | $ | 338 |  |  | $ | 559 |
Restricted cash, included in prepaid expenses and other current assets | 8 |  |  | 8 |
Restricted cash, included in other non-current assets | 9 |  |  | 9 |
Total cash, cash equivalents and restricted cash | $ | 355 |  |  | $ | 576 |

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