XML 69 R51.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Financial Information for Subsidiary Guarantors and Non-Guarantors (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Financial Information for Subsidiary Guarantors and Non-Guarantors Disclosure |
Balance Sheet |
|  | December 31, 2016 |
|  |  |  |  | Guarantor |  | Non-Guarantor |  |  |  |  |  |  |
Balance Sheet |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 492 |  | $ | — |  | $ | 492 |
Trade receivables, net |  |  |  |  |  |  |  |  | 580 |  |  |  |  |  | 580 |
Inventories |  |  |  |  |  |  |  |  | 983 |  |  |  |  |  | 983 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 199 |  |  |  |  |  | 199 |
Total current assets |  |  | — |  |  | — |  |  | 2,254 |  |  | — |  |  | 2,254 |
Investments in and advances to subsidiaries |  |  | 1,198 |  |  | 946 |  |  |  |  |  | (2,144) |  |  | — |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,880 |  |  |  |  |  | 2,880 |
Intangibles |  |  |  |  |  |  |  |  | 464 |  |  |  |  |  | 464 |
Goodwill |  |  |  |  |  |  |  |  | 2,462 |  |  |  |  |  | 2,462 |
Other assets |  |  |  |  |  |  |  |  | 1,075 |  |  |  |  |  | 1,075 |
Total assets |  | $ | 1,198 |  | $ | 946 |  | $ | 9,135 |  | $ | (2,144) |  | $ | 9,135 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 195 |  | $ | — |  | $ | 195 |
Current portion of asbestos liability |  |  | 115 |  |  |  |  |  |  |  |  |  |  |  | 115 |
Accounts payable |  |  |  |  |  |  |  |  | 1,135 |  |  |  |  |  | 1,135 |
Other liabilities |  |  | 2 |  |  |  |  |  | 615 |  |  | (2) |  |  | 615 |
Total current liabilities |  |  | 117 |  |  | — |  |  | 1,945 |  |  | (2) |  |  | 2,060 |
Long-term debt |  |  | 250 |  |  |  |  |  | 5,133 |  |  | (250) |  |  | 5,133 |
Asbestos-related liabilities |  |  | 577 |  |  |  |  |  |  |  |  |  |  |  | 577 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 1,002 |  |  |  |  |  | 1,002 |
Share owners’ equity |  |  | 254 |  |  | 946 |  |  | 946 |  |  | (1,892) |  |  | 254 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 109 |  |  |  |  |  | 109 |
Total liabilities and share owners’ equity |  | $ | 1,198 |  | $ | 946 |  | $ | 9,135 |  | $ | (2,144) |  | $ | 9,135 |
|  | December 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Balance Sheet |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 399 |  | $ | — |  | $ | 399 |
Trade receivables, net |  |  |  |  |  |  |  |  | 562 |  |  |  |  |  | 562 |
Inventories |  |  |  |  |  |  |  |  | 1,007 |  |  |  |  |  | 1,007 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 366 |  |  |  |  |  | 366 |
Total current assets |  |  | — |  |  | — |  |  | 2,334 |  |  | — |  |  | 2,334 |
Investments in and advances to subsidiaries |  |  | 1,240 |  |  | 988 |  |  |  |  |  | (2,228) |  |  | — |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,961 |  |  |  |  |  | 2,961 |
Intangibles |  |  |  |  |  |  |  |  | 597 |  |  |  |  |  | 597 |
Goodwill |  |  |  |  |  |  |  |  | 2,489 |  |  |  |  |  | 2,489 |
Other assets |  |  |  |  |  |  |  |  | 1,040 |  |  |  |  |  | 1,040 |
Total assets |  | $ | 1,240 |  | $ | 988 |  | $ | 9,421 |  | $ | (2,228) |  | $ | 9,421 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 228 |  | $ | — |  | $ | 228 |
Current portion of asbestos liability |  |  | 130 |  |  |  |  |  |  |  |  |  |  |  | 130 |
Accounts payable |  |  |  |  |  |  |  |  | 1,212 |  |  |  |  |  | 1,212 |
Other liabilities |  |  | 2 |  |  |  |  |  | 552 |  |  | (2) |  |  | 552 |
Total current liabilities |  |  | 132 |  |  | — |  |  | 1,992 |  |  | (2) |  |  | 2,122 |
Long-term debt |  |  | 250 |  |  |  |  |  | 5,345 |  |  | (250) |  |  | 5,345 |
Asbestos-related liabilities |  |  | 687 |  |  |  |  |  |  |  |  |  |  |  | 687 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 988 |  |  |  |  |  | 988 |
Share owners’ equity |  |  | 171 |  |  | 988 |  |  | 988 |  |  | (1,976) |  |  | 171 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 108 |  |  |  |  |  | 108 |
Total liabilities and share owners’ equity |  | $ | 1,240 |  | $ | 988 |  | $ | 9,421 |  | $ | (2,228) |  | $ | 9,421 |
Results of Operations and Comprehensive Income |
|  | Year ended December 31, 2016 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Results of Operations |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net sales |  | $ |  |  | $ |  |  | $ | 6,702 |  | $ |  |  | $ | 6,702 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,490) |  |  |  |  |  | (5,490) |
Gross profit |  |  |  |  |  |  |  |  | 1,212 |  |  |  |  |  | 1,212 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (503) |  |  |  |  |  | (503) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (65) |  |  |  |  |  | (65) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (252) |  |  |  |  |  | (272) |
Equity earnings from subsidiaries |  |  | 209 |  |  | 209 |  |  | — |  |  | (418) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 60 |  |  |  |  |  | 60 |
Other expense, net |  |  |  |  |  |  |  |  | (76) |  |  |  |  |  | (76) |
Earnings before income taxes |  |  | 209 |  |  | 209 |  |  | 356 |  |  | (418) |  |  | 356 |
Provision for income taxes |  |  |  |  |  |  |  |  | (119) |  |  |  |  |  | (119) |
Earnings from continuing operations |  |  | 209 |  |  | 209 |  |  | 237 |  |  | (418) |  |  | 237 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Net earnings |  |  | 209 |  |  | 209 |  |  | 230 |  |  | (418) |  |  | 230 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (21) |  |  |  |  |  | (21) |
Net earnings attributable to the Company |  | $ | 209 |  | $ | 209 |  | $ | 209 |  | $ | (418) |  | $ | 209 |
|  | Year ended December 31, 2016 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Comprehensive Income |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net earnings |  | $ | 209 |  | $ | 209 |  | $ | 230 |  | $ | (418) |  | $ | 230 |
Other comprehensive income (loss) |  |  | (176) |  |  | (176) |  |  | (159) |  |  | 352 |  |  | (159) |
Total comprehensive income (loss) |  |  | 33 |  |  | 33 |  |  | 71 |  |  | (66) |  |  | 71 |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (17) |  |  |  |  |  | (17) |
Comprehensive income (loss) attributable to the Company |  | $ | 33 |  | $ | 33 |  | $ | 54 |  | $ | (66) |  | $ | 54 |
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Results of Operations |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net sales |  | $ | — |  | $ | — |  | $ | 6,156 |  | $ | — |  | $ | 6,156 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,046) |  |  |  |  |  | (5,046) |
Gross profit |  |  |  |  |  |  |  |  | 1,110 |  |  |  |  |  | 1,110 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (476) |  |  |  |  |  | (476) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (64) |  |  |  |  |  | (64) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (231) |  |  |  |  |  | (251) |
Equity earnings from subsidiaries |  |  | 151 |  |  | 151 |  |  |  |  |  | (302) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 60 |  |  |  |  |  | 60 |
Other expense, net |  |  | (16) |  |  |  |  |  | (95) |  |  |  |  |  | (111) |
Earnings before income taxes |  |  | 135 |  |  | 151 |  |  | 284 |  |  | (302) |  |  | 268 |
Provision for income taxes |  |  |  |  |  |  |  |  | (106) |  |  |  |  |  | (106) |
Earnings from continuing operations |  |  | 135 |  |  | 151 |  |  | 178 |  |  | (302) |  |  | 162 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (4) |  |  |  |  |  | (4) |
Net earnings |  |  | 135 |  |  | 151 |  |  | 174 |  |  | (302) |  |  | 158 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (23) |  |  |  |  |  | (23) |
Net earnings attributable to the Company |  | $ | 135 |  | $ | 151 |  | $ | 151 |  | $ | (302) |  | $ | 135 |
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Comprehensive Income |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net earnings |  | $ | 135 |  | $ | 151 |  | $ | 174 |  | $ | (302) |  | $ | 158 |
Other comprehensive income (loss) |  |  | (546) |  |  | (546) |  |  | (539) |  |  | 1,092 |  |  | (539) |
Total comprehensive income (loss) |  |  | (411) |  |  | (395) |  |  | (365) |  |  | 790 |  |  | (381) |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Comprehensive income (loss) attributable to the Company |  | $ | (411) |  | $ | (395) |  | $ | (372) |  | $ | 790 |  | $ | (388) |
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Results of Operations |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net sales |  | $ | — |  | $ | — |  | $ | 6,784 |  | $ | — |  | $ | 6,784 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,531) |  |  |  |  |  | (5,531) |
Gross profit |  |  |  |  |  |  |  |  | 1,253 |  |  |  |  |  | 1,253 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (523) |  |  |  |  |  | (523) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (63) |  |  |  |  |  | (63) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (210) |  |  |  |  |  | (230) |
Equity earnings from subsidiaries |  |  | 210 |  |  | 210 |  |  |  |  |  | (420) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 64 |  |  |  |  |  | 64 |
Other expense, net |  |  | (46) |  |  |  |  |  | (148) |  |  |  |  |  | (194) |
Earnings before income taxes |  |  | 164 |  |  | 210 |  |  | 353 |  |  | (420) |  |  | 307 |
Provision for income taxes |  |  |  |  |  |  |  |  | (92) |  |  |  |  |  | (92) |
Earnings from continuing operations |  |  | 164 |  |  | 210 |  |  | 261 |  |  | (420) |  |  | 215 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (23) |  |  |  |  |  | (23) |
Net earnings |  |  | 164 |  |  | 210 |  |  | 238 |  |  | (420) |  |  | 192 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (28) |  |  |  |  |  | (28) |
Net earnings attributable to the Company |  | $ | 164 |  | $ | 210 |  | $ | 210 |  | $ | (420) |  | $ | 164 |
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Comprehensive Income |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net earnings |  | $ | 164 |  | $ | 210 |  | $ | 238 |  | $ | (420) |  | $ | 192 |
Other comprehensive income (loss) |  |  | (401) |  |  | (401) |  |  | (394) |  |  | 802 |  |  | (394) |
Total comprehensive income (loss) |  |  | (237) |  |  | (191) |  |  | (156) |  |  | 382 |  |  | (202) |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Comprehensive income (loss) attributable to the Company |  | $ | (237) |  | $ | (191) |  | $ | (163) |  | $ | 382 |  | $ | (209) |
Cash Flows |
|  | Year ended December 31, 2016 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (125) |  | $ | — |  | $ | 876 |  | $ | — |  | $ | 751 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (417) |  |  |  |  |  | (417) |
Cash provided by (utilized in) financing activities |  |  | 125 |  |  |  |  |  | (353) |  |  |  |  |  | (228) |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (13) |  |  |  |  |  | (13) |
Net change in cash |  |  | — |  |  | — |  |  | 93 |  |  | — |  |  | 93 |
Cash at beginning of period |  |  |  |  |  |  |  |  | 399 |  |  |  |  |  | 399 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 492 |  | $ | — |  | $ | 492 |
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (138) |  | $ | — |  | $ | 746 |  | $ | — |  | $ | 608 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (2,748) |  |  |  |  |  | (2,748) |
Cash provided by financing activities |  |  | 138 |  |  |  |  |  | 1,919 |  |  |  |  |  | 2,057 |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (30) |  |  |  |  |  | (30) |
Net change in cash |  |  | — |  |  | — |  |  | (113) |  |  | — |  |  | (113) |
Cash at beginning of period |  |  |  |  |  |  |  |  | 512 |  |  |  |  |  | 512 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 399 |  | $ | — |  | $ | 399 |
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (148) |  | $ | — |  | $ | 823 |  | $ | — |  | $ | 675 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (455) |  |  |  |  |  | (455) |
Cash provided by (utilized in) financing activities |  |  | 148 |  |  |  |  |  | (218) |  |  |  |  |  | (70) |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (21) |  |  |  |  |  | (21) |
Net change in cash |  |  | — |  |  | — |  |  | 129 |  |  | — |  |  | 129 |
Cash at beginning of period |  |  |  |  |  |  |  |  | 383 |  |  |  |  |  | 383 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 512 |  | $ | — |  | $ | 512 |

X
- References No definition available. + Details
Name: | oi_FinancialInformationForSubsidiaryGuarantorsAndNonGuarantorsDisclosureAbstract
Namespace Prefix: | oi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration