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Quarterly Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Quarterly Data (unaudited)
(in millions)
 
2018
 
2017
 
 
First (1)
 
Second (2)
 
Third (3)
 
Fourth (4)
 
First (5)
 
Second (6)
 
Third (7)
 
Fourth (8)
Net sales
 
$
2,197

 
$
3,046

 
$
3,174

 
$
2,734

 
$
1,901

 
$
2,161

 
$
2,468

 
$
2,168

Gross profit *
 
324

 
467

 
517

 
390

 
311

 
368

 
433

 
333

Net income (loss) attributable to Crown Holdings
 
90

 
132

 
164

 
53

 
107

 
128

 
177

 
(89
)
Earnings per average common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.67

 
$
0.99

 
$
1.23

 
$
0.40

 
$
0.77

 
$
0.95

 
$
1.32

 
$
(0.67
)
Diluted
 
0.67

 
0.99

 
1.23

 
0.40

 
0.77

 
0.94

 
1.32

 
(0.67
)
Average common shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
133.5

 
133.6

 
133.7

 
133.7

 
138.5
 
135.3
 
134.0

 
133.4
Diluted
 
133.8

 
133.8

 
133.8

 
134.1

 
139.0
 
135.7
 
134.4
 
133.8
* The Company defines gross profit as net sales less cost of products sold and depreciation and amortization.
** Source: New York Stock Exchange - Composite Transactions
Notes:
(1)
Includes pre-tax charges of $13 for restructuring and other and $24 for acquisition costs.
(2)
Includes pre-tax charges of $40 for fair value adjustment to inventory and $16 for restructuring and other.
(3)
Includes a pre-tax benefit of $1 for restructuring and other.
(4)
Includes pre-tax charges of $16 for restructuring and other and $42 for pension and postretirement.
(5)
Includes pre-tax benefits of $4 for restructuring and other and $5 for hedge ineffectiveness.
(6)
Includes pre-tax charges of $18 for restructuring and other, $7 for loss from early extinguishment of debt and $8 for hedge ineffectiveness.
(7)
Includes a pre-tax charge of $16 for restructuring and other and pre-tax benefits of $4 for pension and postretirement of $1 for hedge ineffectiveness.
(8)
Includes pre-tax charges of $3 for asbestos claims and $21 for restructuring and other, a pre-tax benefit of $2 for hedge ineffectiveness, a $1 charge for pension and postretirement, and an income tax charge of $177 to recognize the provisional impact of US tax reform.