XML 52 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accounting and Reporting Developments - Revenue Recognition (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Jan. 01, 2018
Dec. 31, 2017
Dec. 31, 2016
Balance Sheet          
Receivables, net $ 1,386   $ 1,195 $ 1,041  
Inventories 1,431   1,241 1,385  
Prepaid expenses and other current assets 243   250 224  
Total current assets 5,261   3,110 3,074  
Other non-current assets 875   833 832  
Total assets 13,079   10,700 10,663  
Accrued liabilities 759   774    
Total current liabilities 2,861   3,267 3,250  
Other non-current liabilities 744   695 685  
Noncontrolling interests 347   323 322  
Accumulated earnings 3,100   3,013    
Crown Holdings shareholders’ equity 765   610 601  
Total equity 1,112 $ 859 933 923 $ 668
Total liabilities and equity 13,079   10,700 10,663  
Statement of Operations          
Net sales 2,197 1,901      
Cost of products sold, excluding depreciation and amortization 1,808 1,531      
Income from operations 221 225      
Income before taxes 152 179      
Provision for income taxes 39 46      
Net income 113 133      
Net income attributable to Crown Holdings $ 90 $ 107      
Earnings per common share attributable to Crown Holdings:          
Basic (in usd per share) $ 0.67 $ 0.77      
Diluted (in usd per share) $ 0.67 $ 0.77      
Calculated under Revenue Guidance in Effect before Topic 606          
Balance Sheet          
Receivables, net $ 1,141     1,041  
Inventories 1,641     1,385  
Prepaid expenses and other current assets 223     224  
Total current assets 5,206     3,074  
Other non-current assets 877     832  
Total assets 13,026     10,663  
Accrued liabilities 737     757  
Total current liabilities 2,839     3,250  
Other non-current liabilities 734     685  
Noncontrolling interests 346     322  
Accumulated earnings 3,080     3,004  
Crown Holdings shareholders’ equity 745     601  
Total equity 1,091     923  
Total liabilities and equity 13,026     $ 10,663  
Statement of Operations          
Net sales 2,115        
Cost of products sold, excluding depreciation and amortization 1,739        
Income from operations 208        
Income before taxes 139        
Provision for income taxes 36        
Net income 103        
Net income attributable to Crown Holdings $ 80        
Earnings per common share attributable to Crown Holdings:          
Basic (in usd per share) $ 0.60        
Diluted (in usd per share) $ 0.60        
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606          
Balance Sheet          
Receivables, net $ (245)   154    
Inventories 210   (144)    
Prepaid expenses and other current assets (20)   26    
Total current assets (55)   36    
Other non-current assets 2   1    
Total assets (53)   37    
Accrued liabilities (22)   17    
Total current liabilities (22)   17    
Other non-current liabilities (10)   10    
Noncontrolling interests (1)   1    
Accumulated earnings (20)   9    
Crown Holdings shareholders’ equity (20)   9    
Total equity (21)   10    
Total liabilities and equity (53)   $ 37    
Statement of Operations          
Net sales (82)        
Cost of products sold, excluding depreciation and amortization (69)        
Income from operations (13)        
Income before taxes (13)        
Provision for income taxes (3)        
Net income (10)        
Net income attributable to Crown Holdings $ (10)        
Earnings per common share attributable to Crown Holdings:          
Basic (in usd per share) $ (0.07)        
Diluted (in usd per share) $ (0.07)