Crown (CCK) 8-K/A Results of Operations and Financial Condition

EXHIBIT 99.1

Crown Holdings, Inc.

Consolidated Statements of Operations (Unaudited)
(modified)

(in millions except share and per share data)

		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2007				2006				2007				2006
Net sales		$	1,871			$	1,676			$	7,727			$	6,982
Cost of products sold			1,596				1,420				6,471				5,863
Depreciation and amortization			61				57				229				227
Gross profit			214				199				1,027				892
Selling and administrative expense			100				84				385				316
Provision for asbestos			29				10				29				10
Provision for restructuring			6				1				20				15
Provision for asset impairments and (gain)/loss on sale of assets			114		(		62	)			100		(		64	)
Interest expense			86				76				318				286
Interest income	(		5	)	(		4	)	(		14	)	(		12	)
Translation and foreign exchange adjustments			1				16		(		12	)			6
(Loss)/income before income taxes,     minority interests and equity earnings	(		117	)			78				201				335
Benefit from income taxes	(		462	)	(		104	)	(		400	)	(		62	)
Minority interests and equity earnings	(		19	)	(		14	)	(		73	)	(		55	)
Income from continuing operations			326				168				528				342
Loss from discontinued operations
Loss from operations													(		6	)
Loss on disposal					(		6	)					(		27	)
Net income		$	326			$	162			$	528			$	309
Basic earnings/(loss) per average common share:
Continuing operations		$	2.05			$	1.04			$	3.27			$	2.07
Discontinued operations					(		0.04	)					(		0.20	)
Net income		$	2.05			$	1.00			$	3.27			$	1.87
Diluted earnings/(loss) per average common share:
Continuing operations		$	2.00			$	1.01			$	3.19			$	2.01
Discontinued operations					(		0.04	)					(		0.19	)
Net income		$	2.00			$	0.97			$	3.19			$	1.82
Weighted average common shares outstanding:
Basic	158,876,567				162,286,149				161,331,007				165,527,147
Diluted	162,741,499				166,666,073				165,464,273				169,750,763
Actual common shares outstanding	159,777,628				162,711,471				159,777,628				162,711,471

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Crown Holdings, Inc.

Consolidated Balance Sheets (Condensed & Unaudited)
(in millions)

(modified)

December 31,	2007			2006
Assets
Current assets
Cash and cash equivalents	$	457		$	407
Receivables, net		673			689
Inventories		1,030			957
Prepaid expenses and other current assets		74			60
Total current assets		2,234			2,113
Goodwill		2,199			2,185
Property, plant and equipment, net		1,604			1,608
Other non-current assets		942			503
Total	$	6,979		$	6,409
Liabilities and shareholders’ equity/(deficit)
Current liabilities
Short-term debt	$	45		$	78
Current maturities of long-term debt		38			43
Other current liabilities		2,000			1,835
Total current liabilities		2,083			1,956
Long-term debt, excluding current maturities		3,354			3,420
Other non-current liabilities and minority interests		1,527			1,527
Shareholders’ equity/(deficit)		15	(		494	)
Total	$	6,979		$	6,409

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