Crown Cork & Seal Company, Inc. (Issuer), a 100% owned subsidiary of the Company, has $350 principal amount of 7.375% senior notes due 2026 and $40 principal amount of 7.5% senior notes due 2096 outstanding that are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent). No other subsidiary guarantees the debt and the guarantees are made on a joint and several basis.

As discussed in Note C, the Company completed its acquisition of Signode on April 3, 2018. Signode is not a guarantor of the debt described above and is included in the Non-Guarantors column of the following financial statements.

The following condensed combining financial statements:

•statements of comprehensive income for the three and nine months ended September 30, 2018 and 2017,

•balance sheets as of September 30, 2018 and December 31, 2017, and

•statements of cash flows for the nine months ended September 30, 2018 and 2017

are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X.

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended September 30, 2018

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	3,174					$	3,174
Cost of products sold, excluding depreciation and amortization						2,530						2,530
Depreciation and amortization						127						127
Selling and administrative expense			$	2		151						153
Restructuring and other						(1		)				(1		)
Income from operations	—		(2		)	367						365
Other pension and postretirement						(13		)				(13		)
Net interest expense			18			81						99
Foreign exchange						(14		)				(14		)
Income/(loss) before income taxes	—		(20		)	313						293
Provision for / (benefit from) income taxes			(1		)	103						102
Equity earnings / (loss) in affiliates	$	164	147			2			$	(311	)	2
Net income	164		128			212			(311		)	193
Net income attributable to noncontrolling interests						(29		)				(29		)
Net income attributable to Crown Holdings	$	164	$	128		$	183		$	(311	)	$	164

Total comprehensive income	$	151	$	62		$	198		$	(232	)	$	179
Comprehensive income attributable to noncontrolling interests						(28		)				(28		)
Comprehensive income attributable to Crown Holdings	$	151	$	62		$	170		$	(232	)	$	151

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended September 30, 2017

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	2,468					$	2,468
Cost of products sold, excluding depreciation and amortization						1,972						1,972
Depreciation and amortization						63						63
Selling and administrative expense			$	1		88						89
Restructuring and other						16						16
Income from operations			(1		)	329						328
Other pension and postretirement						(19		)				(19		)
Net interest expense			23			37						60
Income/(loss) before income taxes			(24		)	311						287
Provision for / (benefit from) income taxes			(15		)	94						79
Equity earnings / (loss) in affiliates	$	177	155						$	(332	)	—
Net income	177		146			217			(332		)	208
Net income attributable to noncontrolling interests						(31		)				(31		)
Net income attributable to Crown Holdings	$	177	$	146		$	186		$	(332	)	$	177

Total comprehensive income	$	220	$	184		$	261		$	(413	)	$	252
Comprehensive income attributable to noncontrolling interests						(32		)				(32		)
Comprehensive income attributable to Crown Holdings	$	220	$	184		$	229		$	(413	)	$	220

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the nine months ended September 30, 2018

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net sales							$	8,417					$	8,417
Cost of products sold, excluding depreciation and amortization							6,804						6,804
Depreciation and amortization							305						305
Selling and administrative expense				$	7		395						402
Restructuring and other	$	9					19						28
Income from operations	(9		)	(7		)	894						878
Other pension of postretirement							(47		)				(47		)
Net interest expense				56			209						265
Foreign exchange							14						14
Income/(loss) before income taxes	(9		)	(63		)	718						646
Provision for / (benefit from) income taxes	(2		)	(10		)	208						196
Equity earnings / (loss) in affiliates	393			373			3			$	(766	)	3
Net income	386			320			513			(766		)	453
Net income attributable to noncontrolling interests							(67		)				(67		)
Net income attributable to Crown Holdings	$	386		$	320		$	446		$	(766	)	$	386

Total comprehensive income	$	317		$	224		$	441		$	(601	)	$	381
Comprehensive income attributable to noncontrolling interests							(64		)				(64		)
Comprehensive income attributable to Crown Holdings	$	317		$	224		$	377		$	(601	)	$	317

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the nine months ended September 30, 2017

(in millions)



	Parent		Issuer			Non- Guarantors			Eliminations			Total Company
Net sales						$	6,530					$	6,530
Cost of products sold, excluding depreciation and amortization						5,235						5,235
Depreciation and amortization						183						183
Selling and administrative expense			$	5		265						270
Restructuring and other			(1		)	31						30
Income from operations			(4		)	816						812
Other pension and postretirement						(43		)				(43		)
Loss from early extinguishment of debt						7						7
Net interest expense			69			108						177
Foreign exchange						4						4
Income/(loss) before income taxes			(73		)	740						667
Provision for / (benefit from) income taxes			(33		)	211						178
Equity earnings / (loss) in affiliates	$	412	384						$	(796	)	—
Net income	412		344			529			(796		)	489
Net income attributable to noncontrolling interests						(77		)				(77		)
Net income attributable to Crown Holdings	$	412	$	344		$	452		$	(796	)	$	412

Total comprehensive Income	$	687	$	429		$	807		$	(1,156	)	$	767
Comprehensive income attributable to noncontrolling interests						(80		)				(80		)
Comprehensive income attributable to Crown Holdings	$	687	$	429		$	727		$	(1,156	)	$	687

CONDENSED COMBINING BALANCE SHEET

As of September 30, 2018

(in millions)



	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	298				$	298
Receivables, net			$	9	1,959					1,968
Inventories					1,639					1,639
Prepaid expenses and other current assets	$	1	1		191					193
Total current assets	1		10		4,087					4,098

Intercompany debt receivables					3,573		$	(3,573	)	—
Investments	3,471		3,729				(7,200		)	—
Goodwill					4,495					4,495
Intangible assets, net					2,258					2,258
Property, plant and equipment, net					3,722					3,722
Other non-current assets			178		584					762
Total	$	3,472	$	3,917	$	18,719	$	(10,773	)	$	15,335

Liabilities and equity
Current liabilities
Short-term debt					$	53				$	53
Current maturities of long-term debt					89					89
Accounts payable					2,507					2,507
Accrued liabilities	$	16	$	39	897					952
Total current liabilities	16		39		3,546					3,601

Long-term debt, excluding current maturities			387		8,541					8,928
Long-term intercompany debt	2,515		1,058				$	(3,573	)	—
Postretirement and pension liabilities					616					616
Other non-current liabilities			331		549					880
Commitments and contingent liabilities
Noncontrolling interests					369					369
Crown Holdings shareholders’ equity/(deficit)	941		2,102		5,098		(7,200		)	941
Total equity/(deficit)	941		2,102		5,467		(7,200		)	1,310
Total	$	3,472	$	3,917	$	18,719	$	(10,773	)	$	15,335

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2017

(in millions)



	Parent		Issuer		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents					$	424				$	424
Receivables, net			$	9	1,032					1,041
Inventories					1,385					1,385
Prepaid expenses and other current assets					224					224
Total current assets	—		9		3,065					3,074

Intercompany debt receivables					3,604		$	(3,604	)	—
Investments	$	3,120	$	3,448			(6,568		)	—
Goodwill					3,046					3,046
Intangible assets, net					472					472
Property, plant and equipment, net					3,239					3,239
Other non-current assets			283		549					832
Total	$	3,120	$	3,740	$	13,975	$	(10,172	)	$	10,663

Liabilities and equity
Current liabilities
Short-term debt					$	62				$	62
Current maturities of long-term debt					64					64
Accounts payable					2,367					2,367
Accrued liabilities	$	22	$	41	694					757
Total current liabilities	22		41		3,187					3,250

Long-term debt, excluding current maturities			387		4,830					5,217
Long-term intercompany debt	2,497		1,107				$	(3,604	)	—
Postretirement and pension liabilities					588					588
Other non-current liabilities			336		349					685
Commitments and contingent liabilities
Noncontrolling interests					322					322
Crown Holdings shareholders’ equity/(deficit)	601		1,869		4,699		(6,568		)	601
Total equity/(deficit)	601		1,869		5,021		(6,568		)	923
Total	$	3,120	$	3,740	$	13,975	$	(10,172	)	$	10,663

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the nine months ended September 30, 2018

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(15	)	$	(67	)	$	(145	)	$	(5	)	$	(232	)
Cash flows from investing activities
Capital expenditures							(305		)				(305		)
Beneficial interests in transferred receivables							490						490
Acquisition of business, net of cash acquired							(3,912		)				(3,912		)
Proceeds from sale of property, plant and equipment							27						27
Foreign exchange derivatives related to acquisitions							(25		)				(25		)
Net investment hedge							10						10
Other							(4		)				(4		)
Net cash provided by/(used for) investing activities	—						(3,719		)	—			(3,719		)
Cash flows from financing activities
Proceeds from long-term debt							4,082						4,082
Payments of long-term debt							(56		)				(56		)
Net change in revolving credit facility and short-term debt							(27		)				(27		)
Net change in long-term intercompany balances	18			67			(85		)				—
Debt issue costs							(70		)				(70		)
Common stock issued	1												1
Common stock repurchased	(4		)										(4		)
Dividends paid							(5		)	5			—
Dividend paid to noncontrolling interests							(18		)				(18		)
Foreign exchange derivatives related to debt							(6		)				(6		)
Net cash provided by/(used for) financing activities	15			67			3,815			5			3,902
Effect of exchange rate changes on cash, cash equivalents and restricted cash							(32		)				(32		)
Net change in cash, cash equivalents and restricted cash	—			—			(81		)	—			(81		)
Cash, cash equivalents and restricted cash at January 1							435						435
Cash, cash equivalents and restricted cash at September 30	$	—		$	—		$	354		$	—		$	354

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the nine months ended September 30, 2017

(in millions)



	Parent			Issuer			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(4	)	$	(23	)	$	(207	)	$	(36	)	$	(270	)
Cash flows from investing activities
Capital expenditures							(282		)				(282		)
Beneficial interests in transferred receivables							758						758
Proceeds from sale of property, plant and equipment							8						8
Intercompany investing activities	235									(235		)	—
Other							(20		)				(20		)
Net cash provided by/(used for) investing activities	235						464			(235		)	464
Cash flows from financing activities
Proceeds from long-term debt							1,054						1,054
Payments of long-term debt							(1,100		)				(1,100		)
Net change in revolving credit facility and short-term debt							22						22
Net change in long-term intercompany balances	100			23			(123		)				—
Debt issue costs							(15		)				(15		)
Common stock issued	8												8
Common stock repurchased	(339		)										(339		)
Dividends paid							(271		)	271			—
Dividend paid to noncontrolling interests							(68		)				(68		)
Foreign exchange derivatives related to debt							38						38
Net cash provided by/(used for) financing activities	(231		)	23			(463		)	271			(400		)
Effect of exchange rate changes on cash, cash equivalents and restricted cash							16						16
Net change in cash, cash equivalents and restricted cash	—			—			(190		)	—			(190		)
Cash, cash equivalents and restricted cash at January 1							576						576
Cash, cash equivalents and restricted cash at September 30	$	—		$	—		$	386		$	—		$	386

Crown Americas, LLC, Crown Americas Capital Corp. IV, Crown Americas Capital Corp. V and Crown Americas Capital Corp. VI (collectively, the Issuer), 100% owned subsidiaries of the Company, have outstanding $1,000 principal amount of 4.5% senior notes due 2023, $400 principal amount of 4.25% senior notes due 2026, and $875 principal amount of 4.75% senior notes due 2026, which are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and substantially all of its subsidiaries in the United States. The guarantors are 100% owned by the Company and the guarantees are made on a joint and several basis.

As discussed in Note C, the Company completed its acquisition of Signode on April 3, 2018. Signode's operating subsidiaries in the United States are guarantors of the debt described above and are included in the Guarantors column of the following financial statements.

The following condensed combining financial statements:


•	statements of comprehensive income for the three and nine months ended September 30, 2018 and 2017,


•	balance sheets as of September 30, 2018 and December 31, 2017, and


•	statements of cash flows for the nine months ended September 30, 2018 and 2017

are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X.

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended September 30, 2018

(in millions)



	Parent		Issuer				Guarantors				Non- Guarantors			Eliminations				Total Company
Net sales							$	973			$	2,335		(134		)		$	3,174
Cost of products sold, excluding depreciation and amortization							826				1,838			(134		)		2,530
Depreciation and amortization							38				89							127
Selling and administrative expense			$	3			60				90							153
Restructuring and other						10				(11		)					(1		)
Income from operations	—		(3		)		39				329							365
Other pension and postretirement							(6		)		(7		)					(13		)
Net interest expense			24				33				42							99
Technology royalty							(14		)		14							—
Foreign exchange			3				1				(15		)	$	(3	)		(14		)
Income/(loss) before income taxes	—		(30		)		25				295			3				293
Provision for / (benefit from) income taxes			(7		)		13				96							102
Equity earnings / (loss) in affiliates	164		52				109				1			(324		)		2
Net income	164		29				121				200			(321		)		193
Net income attributable to noncontrolling interests											(29		)					(29		)
Net income attributable to Crown Holdings	$	164	$	29			$	121			$	171		$	(321	)		$	164

Total comprehensive income	$	151	$	22			$	55			$	196		$	(245	)		$	179
Comprehensive income attributable to noncontrolling interests											(28		)					(28		)
Comprehensive income attributable to Crown Holdings	$	151	$	22			$	55			$	168		$	(245	)		$	151

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the three months ended September 30, 2017

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	614		$	1,962		(108		)	$	2,468
Cost of products sold, excluding depreciation and amortization						522			1,558			(108		)	1,972
Depreciation and amortization						10			53						63
Selling and administrative expense			$	3		31			55						89
Restructuring and other									16						16
Income from operations			(3		)	51			280						328
Other pension and postretirement						(13		)	(6		)				(19		)
Loss from early extinguishment of debt															—
Net interest expense			16			25			19						60
Technology royalty						(15		)	15						—
Foreign exchange			23									$	(23	)	—
Income/(loss) before income taxes			(42		)	54			252			23			287
Provision for / (benefit from) income taxes			(16		)	18			69			8			79
Equity earnings / (loss) in affiliates	$	177	67			110						(354		)	—
Net income	177		41			146			183			(339		)	208
Net income attributable to noncontrolling interests									(31		)				(31		)
Net income attributable to Crown Holdings	$	177	$	41		$	146		$	152		$	(339	)	$	177

Total comprehensive income	$	220	$	37		$	184		$	245		$	(434	)	$	252
Comprehensive income attributable to noncontrolling interests									(32		)				(32		)
Comprehensive income attributable to Crown Holdings	$	220	$	37		$	184		$	213		$	(434	)	$	220

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the nine months ended September 30, 2018

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales							$	2,550		$	6,251		(384		)	8,417
Cost of products sold, excluding depreciation and amortization							2,180			5,008			(384		)	6,804
Depreciation and amortization							81			224						305
Selling and administrative expense				$	8		156			238						402
Restructuring and other	$	9		3			15			1						28
Income from operations	(9		)	(11		)	118			780						878
Other pension and postretirement							(17		)	(30		)				(47		)
Net interest expense				69			87			109						265
Technology royalty							(37		)	37						—
Foreign exchange				10						15			$	(11	)	14
Income/(loss) before income taxes	(9		)	(90		)	85			649			11			646
Provision for / (benefit from) income taxes	(2		)	(21		)	30			187			2			196
Equity earnings / (loss) in affiliates	393			154			258			1			(803		)	3
Net income	386			85			313			463			(794		)	453
Net income attributable to noncontrolling interests										(67		)				(67		)
Net income attributable to Crown Holdings	386			85			313			396			(794		)	386

Total comprehensive Income	$	317		$	84		$	217		$	401		$	(638	)	$	381
Comprehensive income attributable to noncontrolling interests										(64		)				(64		)
Comprehensive income attributable to Crown Holdings	$	317		$	84		$	217		$	337		$	(638	)	$	317

CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME

For the nine months ended September 30, 2017

(in millions)



	Parent		Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net sales						$	1,745		$	5,090		(305		)	$	6,530
Cost of products sold, excluding depreciation and amortization						1,497			4,043			(305		)	5,235
Depreciation and amortization						30			153						183
Selling and administrative expense			$	8		99			163						270
Restructuring and other						2			28						30
Income from operations			(8		)	117			703						812
Other pension and postretirement						(33		)	(10		)				(43		)
Loss from early extinguishment of debt			6						1						7
Net interest expense			49			69			59						177
Technology royalty						(33		)	33						—
Foreign exchange			78			(1		)	5			$	(78	)	4
Income/(loss) before income taxes			(141		)	115			615			78			667
Provision for / (benefit from) income taxes			(54		)	38			167			27			178
Equity earnings / (loss) in affiliates	$	412	167			267						(846		)	—
Net income	412		80			344			448			(795		)	489
Net income attributable to noncontrolling interests									(77		)				(77		)
Net income attributable to Crown Holdings	$	412	$	80		$	344		$	371		$	(795	)	$	412

Total comprehensive income	$	687	$	83		$	429		$	787		$	(1,219	)	$	767
Comprehensive income attributable to noncontrolling interests									(80		)				(80		)
Comprehensive income attributable to Crown Holdings	$	687	$	83		$	429		$	707		$	(1,219	)	$	687

CONDENSED COMBINING BALANCE SHEET

As of September 30, 2018

(in millions)



	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	24	$	4	$	270				$	298
Receivables, net			4		206		1,758					1,968
Intercompany receivables					47		23		$	(70	)	—
Inventories					446		1,193					1,639
Prepaid expenses and other current assets	$	1	1		16		175					193
Total current assets	1		29		719		3,419		(70		)	4,098

Intercompany debt receivables			2,703		3,812		153		(6,668		)	—
Investments	3,471		2,726		1,177				(7,374		)	—
Goodwill					1,182		3,313					4,495
Intangible assets, net					917		1,341					2,258
Property, plant and equipment, net			1		695		3,026					3,722
Other non-current assets			23		209		530					762
Total	$	3,472	$	5,482	$	8,711	$	11,782	$	(14,112	)	$	15,335

Liabilities and equity
Current liabilities
Short-term debt							$	53				$	53
Current maturities of long-term debt			$	32	$	14	43					89
Accounts payable					681		1,826					2,507
Accrued liabilities	$	16	30		162		744					952
Intercompany payables					23		47		$	(70	)	—
Total current liabilities	16		62		880		2,713		(70		)	3,601

Long-term debt, excluding current maturities			3,048		1,534		4,346					8,928
Long-term intercompany debt	2,515		795		2,856		502		(6,668		)	—
Postretirement and pension liabilities					350		266					616
Other non-current liabilities					339		541					880
Commitments and contingent liabilities
Noncontrolling interests							369					369
Crown Holdings shareholders’ equity/(deficit)	941		1,577		2,752		3,045		(7,374		)	941
Total equity/(deficit)	941		1,577		2,752		3,414		(7,374		)	1,310
Total	$	3,472	$	5,482	$	8,711	$	11,782	$	(14,112	)	$	15,335

CONDENSED COMBINING BALANCE SHEET

As of December 31, 2017

(in millions)



	Parent		Issuer		Guarantors		Non- Guarantors		Eliminations			Total Company
Assets
Current assets
Cash and cash equivalents			$	36	$	3	$	385				$	424
Receivables, net					29		1,012					1,041
Intercompany receivables					32		13		$	(45	)	—
Inventories					347		1,038					1,385
Prepaid expenses and other current assets			2		17		205					224
Total current assets	—		38		428		2,653		(45		)	3,074

Intercompany debt receivables			2,523		3,325		732		(6,580		)	—
Investments	$	3,120	2,479		1,032				(6,631		)	—
Goodwill					453		2,593					3,046
Intangible assets, net					13		459					472
Property, plant and equipment, net			1		515		2,723					3,239
Other non-current assets			11		311		510					832
Total	$	3,120	$	5,052	$	6,077	$	9,670	$	(13,256	)	$	10,663

Liabilities and equity
Current liabilities
Short-term debt							$	62				$	62
Current maturities of long-term debt			$	23	$	3	38					64
Accounts payable					547		1,820					2,367
Accrued liabilities	$	22	31		72		632					757
Intercompany payables					13		32		$	(45	)	—
Total current liabilities	22		54		635		2,584		(45		)	3,250

Long-term debt, excluding current maturities			2,094		408		2,715					5,217
Long-term intercompany debt	2,497		1,411		2,454		218		(6,580		)	—
Postretirement and pension liabilities					373		215					588
Other non-current liabilities					338		347					685
Commitments and contingent liabilities
Noncontrolling interests							322					322
Crown Holdings shareholders’ equity/(deficit)	601		1,493		1,869		3,269		(6,631		)	601
Total equity/(deficit)	601		1,493		1,869		3,591		(6,631		)	923
Total	$	3,120	$	5,052	$	6,077	$	9,670	$	(13,256	)	$	10,663

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the nine months ended September 30, 2018

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(15	)	$	(81	)	$	91		$	(216	)	$	(11	)	$	(232	)
Cash flows from investing activities
Capital expenditures							(39		)	(266		)				(305		)
Beneficial interests in transferred receivables										490						490
Acquisition of business, net of cash acquired										(3,912		)				(3,912		)
Proceeds from sale of property, plant and equipment							9			18						27
Intercompany investing activities				(100		)							100			—
Foreign exchange derivatives related to acquisition										(25		)				(25		)
Net investment hedge				10												10
Other										(4		)				(4		)
Net cash provided by/(used for) investing activities	—			(90		)	(30		)	(3,699		)	100			(3,719		)
Cash flows from financing activities
Proceeds from long-term debt				975			1,150			1,957						4,082
Payments of long-term debt				(20		)	(5		)	(31		)				(56		)
Net change in revolving credit facility and short-term debt				40						(67		)				(27		)
Net change in long-term intercompany balances	18			(796		)	(1,205		)	1,983						—
Debt issue costs				(40		)				(30		)				(70		)
Common stock issued	1															1
Common stock repurchased	(4		)													(4		)
Capital contribution										100			(100		)	—
Dividends paid										(11		)	11			—
Dividends paid to noncontrolling interests										(18		)				(18		)
Foreign exchange derivatives related to debt										(6		)				(6		)
Net cash provided by/(used for) financing activities	15			159			(60		)	3,877			(89		)	3,902
Effect of exchange rate changes on cash, cash equivalents and restricted cash										(32		)				(32		)
Net change in cash, cash equivalents and restricted cash	—			(12		)	1			(70		)	—			(81		)
Cash, cash equivalents and restricted cash at January 1				36			3			396						435
Cash, cash equivalents and restricted cash at September 30	$	—		$	24		$	4		$	326		$	—		$	354

CONDENSED COMBINING STATEMENT OF CASH FLOWS

For the nine months ended September 30, 2017

(in millions)



	Parent			Issuer			Guarantors			Non- Guarantors			Eliminations			Total Company
Net cash provided by/(used for) operating activities	$	(4	)	$	(46	)	$	90		$	(233	)	$	(77	)	$	(270	)
Cash flows from investing activities
Capital expenditures							(91		)	(191		)				(282		)
Beneficial interests in transferred receivables										758						758
Proceeds from sale of property, plant and equipment							1			7						8
Intercompany investing activities	235												(235		)	—
Other							(20		)	—						(20		)
Net cash provided by/(used for) investing activities	235			—			(110		)	574			(235		)	464
Cash flows from financing activities
Proceeds from long-term debt				750			9			295						1,054
Payments of long-term debt				(1,010		)	(2		)	(88		)				(1,100		)
Net change in revolving credit facility and short-term debt				25						(3		)				22
Net change in long-term intercompany balances	100			259			13			(372		)				—
Debt issue costs				(14		)				(1		)				(15		)
Common stock issued	8															8
Common stock repurchased	(339		)													(339		)
Dividends paid										(312		)	312			—
Dividends paid to noncontrolling interests										(68		)				(68		)
Foreign exchange derivatives related to debt										38						38
Net cash provided by/(used for) financing activities	(231		)	10			20			(511		)	312			(400		)
Effect of exchange rate changes on cash, cash equivalents and restricted cash										16						16
Net change in cash, cash equivalents and restricted cash	—			(36		)	—			(154		)	—			(190		)
Cash, cash equivalents and restricted cash at January 1				83						493						576
Cash, cash equivalents and restricted cash at September 30	$	—		$	47		$	—		$	339		$	—		$	386