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SEC Filings

8-K
BALL CORP filed this Form 8-K on 02/07/2018
Entire Document
 


Notes to the Condensed Financial Statements (Fourth Quarter 2017)

2.
Non-Comparable Items

   
Three Months Ended December 31,
 
Year Ended December 31,
 
($ in millions)
 
2017
 
2016
 
2017
 
2016
 
                           
Non-comparable items - income (expense)
                         
Beverage packaging, North and Central America
                         
Business consolidation and other activities
                         
Birmingham, Chatsworth and Longview facility closure costs (1)
 
$
 
$
 
$
 (33)
 
$
 
Reidsville facility closure costs (2)
   
 (2)
   
 (9)
   
 (9)
   
 (9)
 
Rexam transaction related costs (3)
   
   
 (1)
   
 (1)
   
 (4)
 
Individually insignificant items
   
   
 2
   
 (4)
   
 (7)
 
Other non-comparable items
                         
Cost of sales associated with Rexam inventory step-up (4)
   
   
   
   
 (10)
 
Amortization of acquired Rexam intangibles (5)
   
 (9)
   
 (5)
   
 (32)
   
 (11)
 
Catch-up depreciation and amortization for 2016 from finalization of Rexam valuation (6)
   
   
   
 (6)
   
 
Total beverage packaging, North and Central America
   
 (11)
   
 (13)
   
 (85)
   
 (41)
 
                           
Beverage packaging, South America
                         
Business consolidation and other activities
                         
Rexam transaction related costs (3)
   
 (1)
   
   
 (3)
   
 (14)
 
Individually insignificant items
   
   
   
 (2)
   
 (1)
 
Other non-comparable items
                         
Cost of sales associated with Rexam inventory step-up (4)
   
   
   
   
 (20)
 
Amortization of acquired Rexam intangibles (5)
   
 (14)
   
 (8)
   
 (56)
   
 (17)
 
Catch-up depreciation and amortization for 2016 from finalization of Rexam valuation (6)
   
   
   
 (14)
   
 
Total beverage packaging, South America
   
 (15)
   
 (8)
   
 (75)
   
 (52)
 
                           
Beverage packaging, Europe
                         
Business consolidation and other activities
                         
Recklinghausen closure costs (7)
   
 (19)
   
   
 (81)
   
 
Rexam transaction related costs (3)
   
 (2)
   
 (4)
   
 (4)
   
 (22)
 
Individually insignificant items
   
 1
   
 (1)
   
 (4)
   
 (2)
 
Other non-comparable items
                         
Cost of sales associated with Rexam inventory step-up (4)
   
   
 (1)
   
   
 (47)
 
Amortization of acquired Rexam intangibles (5)
   
 (17)
   
 (16)
   
 (67)
   
 (31)
 
Catch-up depreciation and amortization for 2016 from finalization of Rexam valuation (6)
   
 (1)
   
   
 (19)
   
 
Total beverage packaging, Europe
   
 (38)
   
 (22)
   
 (175)
   
 (102)
 
                           
Food and aerosol packaging
                         
Gain on sale of Hubbard facility (8)
   
   
   
 15
   
 
Gain on sale of Baltimore facility (9)
   
   
 9
   
   
 9
 
Manufacturing asset rationalization (10)
   
   
 (10)
         
 (10)
 
Weirton facility closure costs (11)
   
 (1)
   
 (4)
   
 (7)
   
 (18)
 
Individually insignificant items
   
   
   
 (2)
   
 (7)
 
Total food and aerosol packaging
   
 (1)
   
 (5)
   
 6
   
 (26)
 


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