Crown (CCK) 10-Q 28 Apr 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	CROWN HOLDINGS INC
Entity Central Index Key	1,219,601
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		136,086,945

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net sales	$ 1,901	$ 1,893
Cost of products sold, excluding depreciation and amortization	1,519	1,521
Depreciation and amortization	59	60
Selling and administrative expense	90	91
Restructuring and other	(4)	2
Income from operations	237	219
Loss from early extinguishments of debt	0	27
Interest expense	62	64
Interest income	(3)	(3)
Foreign exchange	(1)	(6)
Income before income taxes	179	137
Provision for income taxes	46	38
Net income	133	99
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	$ 107	$ 79
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 0.77	$ 0.57
Diluted (in usd per share)	$ 0.77	$ 0.57

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 133	$ 99
Other comprehensive income, net of tax:
Foreign currency translation adjustments	110	9
Pension and other postretirement benefits	9	13
Derivatives qualifying as hedges	21	2
Total other comprehensive income	140	24
Total comprehensive income	273	123
Net income attributable to noncontrolling interests	(26)	(20)
Derivatives qualifying as hedges attributable to noncontrolling interests	(1)	(1)
Comprehensive income attributable to Crown Holdings	$ 246	$ 102

Consolidated Balance Sheets (Co

Consolidated Balance Sheets (Condensed) (Unaudited) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 338	$ 559	$ 257	$ 717
Receivables, net	899	865
Inventories	1,417	1,245
Prepaid expenses and other current assets	234	172
Total current assets	2,888	2,841
Goodwill and intangible assets, net	3,357	3,263
Property, plant and equipment, net	2,898	2,820
Other non-current assets	727	675
Total	9,870	9,599
Current liabilities
Short-term debt	37	33
Current maturities of long-term debt	57	161
Accounts payable and accrued liabilities	2,402	2,702
Total current liabilities	2,496	2,896
Long-term debt, excluding current maturities	5,206	4,717
Postretirement and pension liabilities	596	620
Other non-current liabilities	713	698
Commitments and contingent liabilities
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity	543	366
Total equity	859	668	$ 503	$ 385
Total	$ 9,870	$ 9,599

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Condensed) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income	$ 133	$ 99
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	59	60
Restructuring and other	(4)	2
Pension expense	5	7
Pension contributions	(13)	(25)
Stock-based compensation	4	6
Changes in assets and liabilities:
Receivables	(36)	(93)
Inventories	(151)	(180)
Accounts payable and accrued liabilities	(324)	(265)
Other, net	7	(19)
Net cash used for operating activities	(320)	(408)
Cash flows from investing activities
Capital expenditures	(107)	(51)
Proceeds from sale of property, plant and equipment	3	4
Other	0	(1)
Net cash used for investing activities	(104)	(48)
Cash flows from financing activities
Proceeds from long-term debt	4	303
Payments of long-term debt	(12)	(709)
Net change in revolving credit facility and short-term debt	351	383
Debt issue costs	0	(2)
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	199	(4)
Effect of exchange rate changes on cash and cash equivalents	4	0
Net change in cash and cash equivalents	(221)	(460)
Cash and cash equivalents at beginning of period	559	717
Cash and cash equivalents at end of period	$ 338	$ 257

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Total Crown Equity [Member]	Noncontrolling Interests [Member]
Balance at beginning of period at Dec. 31, 2015	$ 385	$ 929	$ 426	$ 2,125	$ (3,154)	$ (232)	$ 94	$ 291
Net income attributable to Crown Holdings	79			79			79
Net income attributable to noncontrolling interests	20							20
Net income	99
Other comprehensive income	24				23		23	1
Dividends paid to noncontrolling interests	(8)						0	(8)
Stock-based compensation	6		6				6
Common stock issued	1		1				1
Common stock repurchased	(4)		(4)				(4)
Balance at end of period at Mar. 31, 2016	503	929	429	2,204	(3,131)	(232)	199	304
Cumulative-effect of change in accounting principle	60			60			60
Balance at beginning of period at Dec. 31, 2016	668	929	446	2,621	(3,400)	(230)	366	302
Net income attributable to Crown Holdings	107			107			107
Net income attributable to noncontrolling interests	26							26
Net income	133
Other comprehensive income	140				139		139	1
Dividends paid to noncontrolling interests	(13)						0	(13)
Restricted stock awarded	0		(1)			1	0
Stock-based compensation	4		4				4
Common stock issued	7		6			1	7
Common stock repurchased	(140)		(127)			(13)	(140)
Balance at end of period at Mar. 31, 2017	$ 859	$ 929	$ 328	$ 2,788	$ (3,261)	$ (241)	$ 543	$ 316

Statement of Information Furnis

Statement of Information Furnished	3 Months Ended
	Mar. 31, 2017
Quarterly Financial Data [Abstract]
Statement of Information Furnished	Statement of Information Furnished The consolidated financial statements include the accounts of Crown Holdings, Inc. and its consolidated subsidiaries (the “Company”). The accompanying unaudited interim consolidated financial statements have been prepared in accordance with Form 10-Q instructions. In the opinion of management, these consolidated financial statements contain all adjustments of a normal and recurring nature necessary for a fair statement of the financial position of the Company as of March 31, 2017 and the results of its operations for the three months ended March 31, 2017 and 2016 and of its cash flows for the three months ended March 31, 2017 and 2016 . The results reported in these consolidated financial statements are not necessarily indicative of the results that may be expected for the entire year. These results have been determined on the basis of accounting principles generally accepted in the United States of America (“GAAP”). Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP have been condensed or omitted. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 .

Accounting and Reporting Develo

Accounting and Reporting Developments	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Recently Adopted Accounting Standards In July 2015, the FASB issued new guidance related to the subsequent measurement of inventory. The new guidance requires an entity to subsequently measure inventory at the lower of cost or net realizable value, which is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The guidance became effective for the Company on January 1, 2017 and did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance on how share-based payments are accounted for and presented in the financial statements. The standard eliminates the APIC pool concept and requires that excess tax benefits and deficiencies be recorded in the income statement when awards are settled. The pronouncement also addresses simplifications related to statement of cash flows classification, accounting for forfeitures, and minimum statutory tax withholding requirements. Upon adoption of the standard on January 1, 2017, the Company recorded $60 of deferred tax assets attributable to excess tax benefits that were not previously recognized, because they did not reduce taxes payable, as a cumulative-effect adjustment to retained earnings under the modified retrospective method. The Company also prospectively adopted the guidance requiring all excess tax benefits and deficiencies to be recognized as income tax expense or benefit as discrete items and the guidance requiring all excess tax benefits or deficiencies to be reported as operating activities in the statement of cash flows. Adoption of these provisions did not have a material impact on the the Company's results of operations or statement of cash flows. The treatment of forfeitures has not changed as the Company is electing to continue the current process of estimating forfeitures. In January 2017, the FASB issued guidance that clarifies the definition of a business by adding a framework to assist entities in evaluating whether transactions should be accounted for as acquisitions of assets or businesses. In order to be considered a business under the new guidance, the assets in the transaction need to include an input and a substantive process that together significantly contribute to the ability to create outputs. The Company early adopted this guidance as of January 1, 2017. Adoption did not have an impact on the Company's consolidated financial statements for the three months ended March 31, 2017, however, it may have a material impact on the Company’s consolidated financial statements if it enters into future business combinations. In January 2017, the FASB issued guidance to simplify the accounting for goodwill impairment by removing step two of the impairment test, which requires a hypothetical purchase price allocation. The Company early adopted this guidance on January 1, 2017. The amount of goodwill impaired will now be the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Recently Issued Accounting Standards In May 2014, the FASB issued new guidance which outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. Under the new guidance, revenue is recognized when a customer obtains control of promised goods or services which will either be at a point in time or over time. Certain products that the Company manufactures for customers have no alternative use and are expected to follow an over-time revenue recognition model. For example, beverage cans are generally printed for a specific customer and do not have an alternative use. Food cans may be printed depending upon customer preference which can vary by geographic market. Under current guidance, the Company generally recognizes revenue upon shipment or delivery. Under the new guidance, timing of revenue recognition for these products, may be accelerated such that a portion of revenue will be recognized prior to shipment or delivery dependent upon contract-specific terms. In addition, the new guidance requires enhanced disclosures about the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company has completed its initial assessment and is in the process of designing and implementing changes to processes, systems and controls to be in a position to adopt the standard on a modified retrospective basis in the first quarter of 2018. In February 2016, the FASB issued new guidance on lease accounting. Under the new guidance, lease classification criteria and income statement recognition are similar to current guidance; however, all leases with a term longer than one year will be recorded on the balance sheet through a right-of-use asset and a corresponding lease liability. The guidance will be effective for the Company on January 1, 2019. The Company is currently evaluating the impact of adopting this guidance, which may have a material impact on its financial position. In August 2016, the FASB issued new guidance related to the classification of certain cash receipts and payments on the statement of cash flows. Under the new guidance, cash payments resulting from debt prepayment or extinguishment will be classified as cash outflows from financing activities. In addition, beneficial interests obtained in a securitization of financial assets should be disclosed as a noncash activity and cash receipts from the beneficial interests should be classified as cash inflows from investing activities. Under existing guidance, the Company classifies cash receipts from beneficial interests in securitized receivables and cash payments resulting from debt prepayment or extinguishment as cash flows from operating activities. The guidance will be effective for the Company on January 1, 2018. The Company is currently evaluating the impact of adopting this guidance, which may have a material impact on its cash flows from operating and investing activities. In October 2016, the FASB issued new guidance related to intra-entity transfers of assets other than inventory. Under current guidance, income tax expense associated with intra-entity profits in an intercompany sale or transfer of assets is deferred until the assets leave the consolidated group. Similarly, the entity is prohibited from recognizing deferred tax assets for any increases in tax bases due to the intercompany sale or transfer. The new guidance allows for the recognition of income tax expense and deferred tax benefits on increases on tax bases when an intercompany sale or transfer of other assets occurs. Income tax effects of intercompany inventory transactions will continue to be deferred until the assets leave the consolidated group. The guidance will be effective for the Company on January 1, 2018. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements. In March 2017, the FASB issued new guidance on the presentation of pension and other postretirement benefit costs. Under the new guidance only the service cost component of pension and other postretirement benefit costs will be presented with other employee compensation costs within income from operations or capitalized in assets. The other components will be reported separately outside of income from operations and will not be eligible for capitalization. The guidance will be effective for the Company on January 1, 2018. The guidance is not expected to have a material impact on the Company's consolidated pension and other postretirement benefit costs or net income but is expected to have a material impact on its income from operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following table provides information about the changes in each component of accumulated other comprehensive income. Defined benefit plans Foreign currency translation Gains and losses on cash flow hedges Total Balance at January 1, 2016 $ (1,690 ) $ (1,446 ) $ (18 ) $ (3,154 ) Other comprehensive (loss) income before reclassifications — 9 (2 ) 7 Amounts reclassified from accumulated other comprehensive income 13 3 16 Other comprehensive income 13 9 1 23 Balance at March 31, 2016 $ (1,677 ) $ (1,437 ) $ (17 ) $ (3,131 ) Balance at January 1, 2017 $ (1,524 ) $ (1,879 ) $ 3 $ (3,400 ) Other comprehensive income before reclassifications — 110 21 131 Amounts reclassified from accumulated other comprehensive income 9 (1 ) 8 Other comprehensive income 9 110 20 139 Balance at March 31, 2017 $ (1,515 ) $ (1,769 ) $ 23 $ (3,261 ) The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Details about accumulated other March 31 Affected line item in the comprehensive income components 2017 2016 statement of operations (Gains) losses on cash flow hedges Commodities $ (4 ) $ 7 Cost of products sold (4 ) 7 Income before taxes 1 (2 ) Provision for income taxes $ (3 ) $ 5 Net income Foreign exchange $ 3 $ 2 Net sales (1 ) (4 ) Cost of products sold 2 (2 ) Income before taxes — — Provision for income taxes $ 2 $ (2 ) Net income Total (gains) losses on cash flow hedges $ (1 ) $ 3 Amortization of defined benefit plan items Actuarial losses $ 24 $ 29 (a) Prior service credit (13 ) (13 ) (a) 11 16 Income before taxes (2 ) (3 ) Provision for income taxes $ 9 $ 13 Net income Total reclassifications for the period $ 8 $ 16 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement cost. See Note M for further details.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation A summary of restricted stock transactions during the three months ended March 31, 2017 follows: Number of shares Non-vested stock awards outstanding at January 1, 2017 1,321,292 Awarded: Time-vesting shares 65,575 Performance-based shares 134,795 Released: Time-vesting shares (53,347 ) Performance-based shares (115,732 ) Forfeitures: Time-vesting shares (11,500 ) Performance-based shares (58,749 ) Non-vested stock awards outstanding at March 31, 2017 1,282,334 The performance-based share awards are subject to either a market condition or a performance condition. For awards subject to a market condition, the performance metric is the Company's total shareholder return, which includes share price appreciation and dividends paid during the three-year term of the award, measured against a peer group of companies. These awards cliff vest at the end of three years . The number of performance-based shares that will ultimately vest is based on the level of market performance achieved, ranging between 0% and 200% of the shares originally awarded, and will be settled in stock. For awards subject to a performance condition, the performance metric is the Company's average return on invested capital, over the three-year term. These awards cliff vest at the end of three years . The number of performance-based shares that will ultimately vest is based on the level of performance achieved ranging between 0% and 200% of the shares originally awarded, and will be settled in stock. The time-vesting restricted and deferred stock awards vest ratably over three to five years. The weighted average grant-date fair value of the 2017 time-vesting stock awards was $53.35 and the performance-based stock awards was $51.91 . The fair value of the performance-based shares subject to a market condition awarded in 2017 was calculated using a Monte Carlo valuation model, including a weighted average stock price volatility of 21.1% , an expected term of three years, and a weighted average risk-free interest rate of 1.43% . At March 31, 2017 , unrecognized compensation cost related to outstanding non-vested stock awards was $36 . The weighted average period over which the expense is expected to be recognized is 1.9 years. The aggregate market value of the shares released on the vesting dates was $9 for the three months ended March 31, 2017.

Receivables

Receivables	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Receivables	Receivables March 31, 2017 December 31, 2016 Accounts receivable $ 784 $ 769 Less: allowance for doubtful accounts (77 ) (76 ) Net trade receivables 707 693 Miscellaneous receivables 192 172 Receivables, net $ 899 $ 865 The Company uses receivable securitization facilities in the normal course of business as part of managing its cash flows. In connection with certain receivable securitization facilities, the Company recognized deferred purchase price receivables of $99 and $83 at March 31, 2017 and December 31, 2016, which were included in prepaid expenses and other current assets in the Consolidated Balance Sheet. The net change in deferred purchase price receivable was reflected in the receivables line item in the Consolidated Statement of Cash Flows.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventory, Gross [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or market, with cost for U.S. inventories principally determined under the first-in, first-out (“FIFO”) method. Non-U.S. inventories are principally determined under the FIFO or average cost method. March 31, 2017 December 31, 2016 Raw materials and supplies 682 $ 658 Work in process 132 116 Finished goods 603 471 $ 1,417 $ 1,245

Derivative and Other Financial

Derivative and Other Financial Instruments	3 Months Ended
	Mar. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivative and Other Financial Instruments	Derivative and Other Financial Instruments Fair Value Measurements Under GAAP a framework exists for measuring fair value, providing a three-tier hierarchy of pricing inputs used to report assets and liabilities that are adjusted to fair value. Level 1 includes inputs such as quoted prices which are available in active markets for identical assets or liabilities as of the report date. Level 2 includes inputs other than those available in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 includes unobservable pricing inputs that are not corroborated by market data or other objective sources. The Company has no recurring items valued using Level 3 inputs other than certain pension plan assets. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities measured at fair value and their placement within the fair value hierarchy. The Company applies a market approach to value its commodity price hedge contracts. Prices from observable markets are used to develop the fair value of these financial instruments and they are reported under Level 2. The Company uses an income approach to value its foreign exchange forward contracts. These contracts are valued using a discounted cash flow model that calculates the present value of future cash flows under the terms of the contracts using market information as of the reporting date, such as foreign exchange spot and forward rates, and are reported under Level 2 of the fair value hierarchy. Fair value disclosures for financial assets and liabilities that were accounted for at fair value on a recurring basis are provided later in this note. In addition, see Note J for fair value disclosures related to debt. Derivative Financial Instruments In the normal course of business the Company is subject to risk from adverse fluctuations in currency exchange rates, interest rates and commodity prices. The Company manages these risks through a program that includes the use of derivative financial instruments, primarily swaps and forwards. Counterparties to these contracts are major financial institutions. The Company is exposed to credit loss in the event of nonperformance by these counterparties. The Company does not use derivative instruments for trading or speculative purposes. The Company’s objective in managing exposure to market risk is to limit the impact on earnings and cash flow. The extent to which the Company uses such instruments is dependent upon its access to these contracts in the financial markets and its success using other methods, such as netting exposures in the same currencies to mitigate foreign exchange risk and using sales agreements that permit the pass-through of commodity price and foreign exchange rate risk to customers. For derivative financial instruments accounted for in hedging relationships, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the manner in which effectiveness will be assessed. The Company formally assesses, both at inception and at least quarterly thereafter, whether the hedging relationships are effective in offsetting changes in fair value or cash flows of the related underlying exposures. When a hedge no longer qualifies for hedge accounting, the change in fair value from the date of the last effectiveness test is recognized in earnings. Any gain or loss which has accumulated in other comprehensive income at the date of the last effectiveness test is reclassified into earnings at the same time of the underlying exposure. Cash Flow Hedges The Company designates certain derivative financial instruments as cash flow hedges. No components of the hedging instruments are excluded from the assessment of hedge effectiveness. Changes in fair value of outstanding derivatives accounted for as cash flow hedges, except for ineffectiveness, are recorded in other comprehensive income until earnings are impacted by the hedged transaction. Classification of the gain or loss in the Consolidated Statements of Operations upon reclassification from comprehensive income is the same as that of the underlying exposure. Contracts outstanding at March 31, 2017 mature between one and thirty-one months. When the Company discontinues hedge accounting because it is no longer probable that an anticipated transaction will occur in the originally specified period, changes to fair value accumulated in other comprehensive income are recognized immediately in earnings. The Company uses forward contracts to hedge anticipated purchases of various commodities, including aluminum, fuel oil and natural gas and these exposures are hedged by a central treasury unit. The Company also designates certain foreign exchange contracts as cash flow hedges of anticipated foreign currency denominated sales or purchases. The Company manages these risks at the operating unit level. Often, foreign currency risk is hedged together with the related commodity price risk. The following table sets forth financial information about the impact on accumulated other comprehensive income (“AOCI”) and earnings from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in AOCI reclassified from AOCI (effective portion) into earnings Three Months Ended Three Months Ended Three Months Ended Three Months Ended Derivatives in cash flow hedges March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 Foreign exchange $ (2 ) $ — $ (2 ) $ 2 Commodities 23 (2 ) 3 (5 ) Total $ 21 $ (2 ) $ 1 $ (3 ) For the three months ended March 31, 2017 and 2016, the Company recognized a gain of $2 ( $1 , net of tax) and a gain of less than $1 ( $1 , net of tax) in earnings related to hedge ineffectiveness caused by volatility in the metal premium component of aluminum prices. For the twelve month period ending March 31, 2017, a net gain of $21 ( $17 , net of tax) is expected to be reclassified to earnings. No amounts were reclassified during the three months ended March 31, 2017 and 2016 in connection with anticipated transactions that were no longer considered probable. Fair Value Hedges and Contracts Not Designated as Hedges The Company designates certain derivative financial instruments as fair value hedges of recognized foreign-denominated assets and liabilities, generally trade accounts receivable and payable and unrecognized firm commitments. The notional values and maturity dates of the derivative instruments coincide with those of the hedged items. Changes in fair value of the derivative financial instruments, excluding time value, are offset by changes in fair value of the related hedged items. Other than for firm commitments, amounts related to time value are excluded from the assessment and measurement of hedge effectiveness and are reported in earnings. Less than $1 was reported in earnings for the three months ended March 31, 2017 . Certain derivative financial instruments, including foreign exchange contracts related to intercompany debt, were not designated in hedge relationships; however, they are effective economic hedges as the changes in their fair value, except for time value, are offset by changes in re-measurement of the related hedged items. The Company’s primary use of these derivative instruments is to offset the earnings impact that fluctuations in foreign exchange rates have on certain monetary assets and liabilities denominated in currencies other than the entity's functional currency. Changes in fair value of these derivative instruments are immediately recognized in earnings as foreign exchange adjustments. The impact on earnings from foreign exchange contracts designated as fair value hedges was a loss of less than $1 for the three months ended March 31, 2017 and a loss of $1 for the three months ended March 31, 2016 . The impact on earnings from foreign exchange contracts not designated as hedges was a gain of less than $1 for the three months ended March 31, 2017 and a gain of $21 for the same period in 2016 . These adjustments were reported within foreign exchange in the Consolidated Statements of Operations and were offset by changes in the fair values of the related underlying hedged items. For the three months ended March 31, 2017 and 2016 , certain commodity hedges did not meet the criteria for hedge accounting and therefore the change in their fair value during the quarter was recognized in earnings. For the three months ended March 31, 2017 and 2016 , the Company recognized a loss of $7 ( $5 , net of tax) and a gain of less than $1 ( $1 , net of tax) in earnings related to these ineffective hedges. Net Investment Hedges During the three months ended March 31, 2017 and 2016 , the Company recorded a loss of $15 ( $12 , net of tax) and a loss of $45 ( $34 , net of tax) in accumulated other comprehensive income for certain debt instruments that are designated as hedges of its net investment in a euro-based subsidiary. Fair Values of Derivative Financial Instruments and Valuation Hierarchy The following table sets forth the fair value hierarchy for the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 , respectively. Balance Sheet classification Fair Value hierarchy March 31, December 31, Derivative assets Derivatives designated as hedges: Foreign exchange Other current assets 2 $ 22 $ 24 Commodities Other current assets 2 39 13 Commodities Other non-current assets 2 6 3 Derivatives not designated as hedges: Commodities Other current assets 2 13 5 Total $ 80 $ 45 Derivative liabilities Derivatives designated as hedges: Foreign exchange Accounts payable and accrued liabilities 2 $ 24 $ 28 Commodities Accounts payable and accrued liabilities 2 13 3 Foreign exchange Other non-current liabilities 2 1 1 Derivatives not designated as hedges: Foreign exchange Accounts payable and accrued liabilities 2 1 5 Total $ 39 $ 37 Offsetting of Derivative Assets and Liabilities Certain derivative financial instruments are subject to agreements with counterparties similar to master netting arrangements and are eligible for offset. The Company has made an accounting policy election not to offset the fair values of these instruments within the statement of financial position. In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate. Gross amounts recognized in the Balance Sheet Gross amounts not offset in the Balance Sheet Net amount Balance at March 31, 2017 Derivative assets $80 $11 $69 Derivative liabilities 39 11 28 Balance at December 31, 2016 Derivative assets 45 6 39 Derivative liabilities 37 6 31 Notional Values of Outstanding Derivative Instruments The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at March 31, 2017 and December 31, 2016 were: March 31, 2017 December 31, 2016 Derivatives in cash flow hedges: Foreign exchange $ 651 $ 644 Commodities 205 180 Derivatives in fair value hedges: Foreign exchange 59 73 Derivatives not designated as hedges: Foreign exchange 572 618 Commodities 78 72

Restructuring and Other

Restructuring and Other	3 Months Ended
	Mar. 31, 2017
Restructuring Reserve [Abstract]
Restructuring and Other	Restructuring and Other The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended March 31 2017 2016 Asset impairments and sales $ (6 ) $ (2 ) Restructuring 2 — Other costs — 4 $ (4 ) $ 2 For the three months ended March 31, 2017, the Company recorded a benefit of $5 due to the expiration of an environmental indemnification related to the sale of certain operations in the Company's European Specialty Packaging business during 2015. A summary of the outstanding accrual balances associated with prior restructuring actions is provided below. 2015 European Division Actions Through March 31, 2017 , the Company incurred charges of $21 re lated to the closure of two facilities in its European Food segment. The closures are expected to reduce cost by eliminating excess capacity and consolidating manufacturing processes. The facility closures are expected to result in the reduction of approximately 280 employees when completed in 2017. The Company does not expect to incur any additional charges related to this action. The table below summarizes the termination benefits accrual balance and utilization by cost type for these actions. Termination benefits Other exit costs Total Balance at January 1, 2017 $ 8 $ — $ 8 Provision — 1 1 Payments (4 ) (1 ) (5 ) Balance at March 31, 2017 $ 4 $ — $ 4 Other Actions At March 31, 2017 , the Company also had a restructuring accrual of $11 primarily related to prior actions to reduce manufacturing capacity and headcount in its European Aerosol and Specialty Packaging businesses. The Company expects to pay the liability through 2024 as certain employees have elected to receive payment as a fixed monthly sum over future years. The Company continues to review its supply and demand profile and long-term plans in its businesses, and it is possible that the Company may record additional restructuring charges in the future.

Debt

Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt The Company's outstanding debt was as follows: March 31, 2017 December 31, 2016 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 37 $ 37 $ 33 $ 33 Long-term debt Senior secured borrowings: Revolving credit facilities $ 354 $ 354 $ — $ — Term loan facilities U.S. dollar at LIBOR + 1.75% due 2018 654 650 654 649 €58 Euro at EURIBOR + 1.75% due 2018 62 62 61 61 Farm credit facility at LIBOR + 2.00% due 2019 351 347 351 347 Senior notes and debentures: €650 at 4.0% due 2022 694 686 684 676 U. S. dollar at 4.50% due 2023 1,000 991 1,000 991 €600 at 2.625% due 2024 641 634 631 623 €600 at 3.375% due 2025 641 632 631 622 U.S. dollar at 4.25% due 2026 400 393 400 393 U.S. dollar at 7.375% due 2026 350 347 350 347 U.S. dollar at 7.50% due 2096 45 45 45 45 Other indebtedness in various currencies 122 122 124 124 Total long-term debt 5,314 5,263 4,931 4,878 Less current maturities (58 ) (57 ) (162 ) (161 ) Total long-term debt, less current maturities $ 5,256 $ 5,206 $ 4,769 $ 4,717 The estimated fair value of the Company’s long-term borrowings, using a market approach incorporating Level 2 inputs such as quoted market prices for the same or similar issues, was $5,451 at March 31, 2017 and $5,043 at December 31, 2016 . In April 2017, the Company amended its credit agreement to provide for a $1,400 revolving credit facility, a $750 Term A Facility and a €275 Term Euro Facility. The maturity date for the facilities is in April 2022 and the facilities bore interest at LIBOR plus 1.75% as of closing. Interest rates can be reduced up to one-half percent per annum if the Company's total leverage ratio decreases to agreed levels. In connection with the amendment, the Company expects to record a loss from early extinguishment of debt of approximately $8 during the second quarter of 2017. 2016 Activity In February 2016, the Company amended its credit agreement to provide for an additional $300 of term loan borrowings, the proceeds of which, along with borrowings under the revolving credit facilities and cash on hand, were used to redeem the Company's $700 6.25% senior notes due 2021. In September 2016, the Company issued €600 principal amount of 2.625% senior unsecured notes due 2024 and used the proceeds to repay a portion of the Euro term loan facility. In September 2016, the Company also issued $400 principal amount of 4.25% senior unsecured notes due 2026 and used the proceeds to repay a portion of the U.S dollar term loan facility. In connection with the above transactions, the Company recorded a loss from early extinguishment of debt of $27 for the three months ended March 31, 2016 and $37 for the year ended December 31, 2016 for premiums paid and the write-off of deferred financing fees.

Asbestos-Related Liabilities

Asbestos-Related Liabilities	3 Months Ended
	Mar. 31, 2017
Liability for Asbestos and Environmental Claims [Abstract]
Asbestos-Related Liabilities	Asbestos-Related Liabilities Crown Cork & Seal Company, Inc. (“Crown Cork”) is one of many defendants in a substantial number of lawsuits filed throughout the United States by persons alleging bodily injury as a result of exposure to asbestos. These claims arose from the insulation operations of a U.S. company, the majority of whose stock Crown Cork purchased in 1963. Approximately ninety days after the stock purchase, this U.S. company sold its insulation assets and was later merged into Crown Cork. Prior to 1998, amounts paid to asbestos claimants were covered by a fund made available to Crown Cork under a 1985 settlement with carriers insuring Crown Cork through 1976, when Crown Cork became self-insured. The fund was depleted in 1998 and the Company has no remaining coverage for asbestos-related costs. In December 2001, the Commonwealth of Pennsylvania enacted legislation that limits the asbestos-related liabilities of Pennsylvania corporations that are successors by corporate merger to companies involved with asbestos. The legislation limits the successor’s liability for asbestos to the acquired company’s asset value adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the acquired company’s adjusted asset value. In November 2004, the legislation was amended to address a Pennsylvania Supreme Court decision (Ieropoli v. AC&S Corporation, et. al., No. 117 EM 2002) which held that the statute violated the Pennsylvania Constitution due to retroactive application. The Company cautions that the limitations of the statute, as amended, are subject to litigation and may not be upheld. In June 2003, the state of Texas enacted legislation that limits the asbestos-related liabilities in Texas courts of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The Texas legislation, which applies to future claims and pending claims, caps asbestos-related liabilities at the total gross value of the predecessor’s assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total adjusted value of its predecessor’s assets. In October 2010, the Texas Supreme Court, in a 6-2 decision, reversed a lower court decision, Barbara Robinson v. Crown Cork & Seal Company, Inc., No. 14-04-00658-CV, Fourteenth Court of Appeals, Texas, which had upheld the dismissal of an asbestos-related case against Crown Cork. The Texas Supreme Court held that the Texas legislation was unconstitutional under the Texas Constitution when applied to asbestos-related claims pending against Crown Cork when the legislation was enacted in June 2003. The Company believes that the decision of the Texas Supreme Court is limited to retroactive application of the Texas legislation to asbestos-related cases that were pending against Crown Cork in Texas on June 11, 2003 and therefore, in its accrual, continues to assign no value to claims filed after June 11, 2003. In recent years, the states of Alabama, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Michigan, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, West Virginia, Wisconsin and Wyoming enacted legislation that limits asbestos-related liabilities under state law of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The legislation, which applies to future and, with the exception of Arkansas, Georgia, South Carolina, South Dakota, West Virginia and Wyoming, pending claims, caps asbestos-related liabilities at the fair market value of the predecessor's total gross assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total value of its predecessor's assets adjusted for inflation. Crown Cork has integrated the legislation into its claims defense strategy. The Company further cautions that an adverse ruling in any litigation relating to the constitutionality or applicability to Crown Cork of one or more statutes that limits the asbestos-related liability of alleged defendants like Crown Cork could have a material impact on the Company. During the three months ended March 31, 2017 , the Company paid $3 to settle outstanding claims and had claims activity as follows: Beginning claims 55,500 New claims 750 Settlements or dismissals (250 ) Ending claims 56,000 In the fourth quarter of each year, the Company performs an analysis of outstanding claims and categorizes these claims by year of exposure and state filed. As of December 31, 2016 , the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,000 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 2,000 Other states that have enacted asbestos legislation 6,000 Other states 18,500 Total claims outstanding 55,500 The outstanding claims in each period exclude approximately 19,000 inactive claims. Due to the passage of time, the Company considers it unlikely that the plaintiffs in these cases will pursue further action against the Company. The exclusion of these inactive claims had no effect on the calculation of the Company’s accrual as the claims were filed in states, as described above, where the Company’s liability is limited by statute. With respect to claimants alleging first exposure to asbestos before or during 1964, the Company does not include in its accrual any amounts for settlements in states where the Company’s liability is limited by statute except for certain pending claims in Texas as described earlier. With respect to post-1964 claims, regardless of the existence of asbestos legislation, the Company does not include in its accrual any amounts for settlement of these claims because of increased difficulty of establishing identification of relevant insulation products as the cause of injury. Given the Company's settlement experience with post-1964 claims, it does not believe that an adverse ruling in the Texas or Pennsylvania asbestos litigation cases, or in any other state that has enacted asbestos legislation, would have a material impact on the Company with respect to such claims. As of December 31, the percentage of outstanding claims related to claimants alleging serious diseases (primarily mesothelioma and other malignancies) were as follows: 2016 2015 2014 Total claims 22 % 22 % 22 % Pre-1964 claims in states without asbestos legislation 41 % 41 % 41 % Crown Cork has entered into arrangements with plaintiffs’ counsel in certain jurisdictions with respect to claims which are not yet filed, or asserted, against it. However, Crown Cork expects claims under these arrangements to be filed or asserted against Crown Cork in the future. The projected value of these claims is included in the Company’s estimated liability as of March 31, 2017 . As of March 31, 2017 , the Company’s accrual for pending and future asbestos-related claims and related legal costs was $ 337 , including $ 287 for unasserted claims. The Company determines its accrual without limitation to a specific time period. It is reasonably possible that the actual loss could be in excess of the Company’s accrual. However, the Company is unable to estimate the reasonably possible loss in excess of its accrual due to uncertainty in the following assumptions that underlie the Company’s accrual and the possibility of losses in excess of such accrual: the amount of damages sought by the claimant (which was not specified for approximately 82% of the claims outstanding at the end of 2016 ), the Company and claimant’s willingness to negotiate a settlement, the terms of settlements of other defendants with asbestos-related liabilities, the bankruptcy filings of other defendants (which may result in additional claims and higher settlements for non-bankrupt defendants), the nature of pending and future claims (including the seriousness of alleged disease, whether claimants allege first exposure to asbestos before or during 1964 and the claimant’s ability to demonstrate the alleged link to Crown Cork), the volatility of the litigation environment, the defense strategies available to the Company, the level of future claims, the rate of receipt of claims, the jurisdiction in which claims are filed, and the effect of state asbestos legislation (including the validity and applicability of the Pennsylvania legislation to non-Pennsylvania jurisdictions, where the substantial majority of the Company’s asbestos cases are filed).

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities The Company, along with others in most cases, has been identified by the EPA or a comparable state environmental agency as a Potentially Responsible Party (“PRP”) at a number of sites and has recorded aggregate accruals of $7 for its share of estimated future remediation costs at these sites. The Company has been identified as having either directly or indirectly disposed of commercial or industrial waste at the sites subject to the accrual, and where appropriate and supported by available information, generally has agreed to be responsible for a percentage of future remediation costs based on an estimated volume of materials disposed in proportion to the total materials disposed at each site. The Company has not had monetary sanctions imposed nor has the Company been notified of any potential monetary sanctions at any of the sites. The Company has also recorded aggregate accruals of $7 for remediation activities at various worldwide locations that are owned by the Company and for which the Company is not a member of a PRP group. Although the Company believes its accruals are adequate to cover its portion of future remediation costs, there can be no assurance that the ultimate payments will not exceed the amount of the Company’s accruals and will not have a material effect on its results of operations, financial position and cash flow. Any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. In March 2015, the Bundeskartellamt, or German Federal Cartel Office (“FCO”), conducted unannounced inspections of the premises of several metal packaging manufacturers, including a German subsidiary of the Company. The local court order authorizing the inspection cited FCO suspicions of anti-competitive agreements in the market for the supply of metal packaging products. The FCO’s investigation is ongoing. To date, the FCO has not officially charged the Company or any of its subsidiaries with any violations of competition law. The Company has commenced an internal investigation into the matter and has discovered instances of inappropriate conduct by certain employees of German subsidiaries of the Company. The Company is cooperating with the FCO and submitted a leniency application which disclosed the findings of its internal investigation to date and which may lead to the reduction of penalties that the FCO may impose. If the FCO finds that the Company or any of its subsidiaries violated competition law, the FCO has wide discretion to levy fines. At this stage of the investigation the Company believes that a loss is probable. However, the Company is unable to predict the ultimate outcome of the FCO’s investigation and is unable to estimate the loss or possible range of any additional losses that could be incurred, which could be material to the Company’s operating results and cash flows for the periods in which they are resolved or become reasonably estimable. In March 2017, U.S. Customs and Border Protection (“CBP”) at the Port of Milwaukee issued a penalty notification alleging that certain of the Company’s subsidiaries intentionally misclassified the importation of certain goods into the U.S. during the period 2004-2009 and assessed a penalty of $18 . The Company has acknowledged to CBP that the goods were misclassified and has paid all related duties, which were approximately $1 . The Company has asserted that the misclassification was unintentional and disputes the penalty assessment. The Company cannot predict the ultimate outcome of this matter and has not accrued a liability with respect to the assessed penalty because the case at CBP is ongoing. At the present time, based on the information available, the Company does not believe that a loss for the alleged intentional misclassification is probable. There can be no assurance the Company will be successful in contesting the assessed penalty. The Company and its subsidiaries are also subject to various other lawsuits and claims with respect to governmental, labor, environmental, securities, vendor and other matters arising out of the Company’s normal course of business. While the impact on future financial results is not subject to reasonable estimation because considerable uncertainty exists, management believes that the ultimate liabilities resulting from such lawsuits and claims will not materially affect the Company’s consolidated earnings, financial position or cash flow. The Company has various commitments to purchase materials, supplies and utilities as part of the ordinary course of business. The Company’s basic raw materials for its products are steel and aluminum, both of which are purchased from multiple sources. The Company is subject to fluctuations in the cost of these raw materials and has periodically adjusted its selling prices to reflect these movements. There can be no assurance, however, that the Company will be able to fully recover any increases or fluctuations in raw material costs from its customers. The Company also has commitments for standby letters of credit and for purchases of capital assets. At March 31, 2017 , the Company was party to certain indemnification agreements covering environmental remediation, lease payments and other potential costs associated with properties sold or businesses divested. The Company accrues for costs related to these items when it is probable that a liability has been incurred and the amount can be reasonably estimated. At March 31, 2017 , the Company also had guarantees of $20 related to the residual values of leased assets.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table summarizes the computations of basic and diluted earnings per share attributable to the Company. Three Months Ended March 31 2017 2016 Net income attributable to Crown Holdings $ 107 $ 79 Weighted average shares outstanding: Basic 138.5 138.1 Dilutive stock options and restricted stock 0.5 0.9 Diluted 139.0 139.0 Basic earnings per share $ 0.77 $ 0.57 Diluted earnings per share $ 0.77 $ 0.57 For the three months ended March 31, 2016, 0.4 million contingently issuable common shares were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits The components of net periodic pension and other postretirement benefits costs for the three months ended March 31, 2017 and 2016 were as follows: Three Months Ended March 31 Pension benefits – U.S. plans 2017 2016 Service cost $ 4 $ 4 Interest cost 12 13 Expected return on plan assets (21 ) (23 ) Recognized net loss 13 12 Net periodic cost $ 8 $ 6 Three Months Ended March 31 Pension benefits – Non-U.S. plans 2017 2016 Service cost $ 6 $ 6 Interest cost 19 26 Expected return on plan assets (35 ) (41 ) Recognized prior service credit (3 ) (3 ) Recognized net loss 10 13 Net periodic (benefit) cost $ (3 ) $ 1 Three Months Ended March 31 Other postretirement benefits 2017 2016 Service cost $ — $ — Interest cost 1 1 Recognized prior service credit (10 ) (10 ) Recognized net loss 1 1 Net periodic benefit $ (8 ) $ (8 ) During the three months ended March 31, 2016, the Company also recorded pension settlement charges of $3 which were included in restructuring and other in the Consolidated Statement of Operations.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes differs from the amount of income tax determined by applying the U.S. statutory federal income tax rate to pre-tax income as a result of the following items: Three Months Ended March 31 2017 2016 U.S. statutory rate at 35% $ 63 $ 48 Tax on foreign income (21 ) (14 ) Tax contingencies 3 — Valuation allowance 3 2 Other items, net (2 ) 2 Income tax provision $ 46 $ 38

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The Company evaluates performance and allocates resources based on segment income. Segment income, which is not a defined term under GAAP, is defined by the Company as income from operations adjusted to add back provisions for asbestos and restructuring and other, the impact of fair value adjustments related to the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness. Segment income should not be considered in isolation or as a substitute for net income data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies. The tables below present information about the Company's operating segments. External Sales Three Months Ended March 31 2017 2016 Americas Beverage $ 674 $ 643 North America Food 153 146 European Beverage 303 315 European Food 379 398 Asia Pacific 278 277 Total reportable segments 1,787 1,779 Non-reportable segments 114 114 Total $ 1,901 $ 1,893 The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its specialty packaging business in Europe and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Three Months Ended March 31 2017 2016 Americas Beverage $ 6 $ 15 North America Food 6 6 European Beverage 1 1 European Food 16 16 Asia Pacific — — Total reportable segments 29 38 Non-reportable segments 29 18 Total $ 58 $ 56 Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process. Segment Income Three Months Ended March 31 2017 2016 Americas Beverage $ 105 $ 104 North America Food 16 12 European Beverage 51 46 European Food 47 49 Asia Pacific 39 35 Total reportable segments $ 258 $ 246 A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended March 31 2017 2016 Segment income of reportable segments $ 258 $ 246 Segment income of non-reportable segments 15 13 Corporate and unallocated items (40 ) (38 ) Restructuring and other 4 (2 ) Loss from early extinguishments of debt — (27 ) Interest expense (62 ) (64 ) Interest income 3 3 Foreign exchange 1 6 Income before income taxes $ 179 $ 137 For the three months ended March 31, 2017 and 2016, intercompany profit of $3 and $1 was eliminated within segment income of non-reportable segments. Corporate and unallocated items includes corporate and division administrative costs, technology costs, and unallocated items such as the U.S. and U.K. pension plan costs, fair value adjustments for the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness.

Condensed Combining Financial I

Condensed Combining Financial Information	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Combining Financial Information	Condensed Combining Financial Information 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 $45 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. The following condensed combining financial statements: • statements of comprehensive income for the three months ended March 31, 2017 and 2016 , • balance sheets as of March 31, 2017 and December 31, 2016 , and • statements of cash flows for the three months ended March 31, 2017 and 2016 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 March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 1,901 $ 1,901 Cost of products sold, excluding depreciation and amortization 1,519 1,519 Depreciation and amortization 59 59 Selling and administrative expense $ 2 88 90 Restructuring and other (4 ) (4 ) Income from operations (2 ) 239 237 Net interest expense 20 39 59 Foreign exchange (1 ) (1 ) Income/(loss) before income taxes (22 ) 201 179 Provision for / (benefit from) income taxes (10 ) 56 46 Equity earnings / (loss) in affiliates $ 107 99 $ (206 ) — Net income 107 87 145 (206 ) 133 Net income attributable to noncontrolling interests (26 ) (26 ) Net income attributable to Crown Holdings $ 107 $ 87 $ 119 $ (206 ) $ 107 Comprehensive income $ 246 $ 130 $ 285 $ (388 ) $ 273 Comprehensive income attributable to noncontrolling interests (27 ) (27 ) Comprehensive income attributable to Crown Holdings $ 246 $ 130 $ 258 $ (388 ) $ 246 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 1,893 $ 1,893 Cost of products sold, excluding depreciation and amortization 1,521 1,521 Depreciation and amortization 60 60 Selling and administrative expense $ 2 89 91 Restructuring and other 2 2 Income from operations (2 ) 221 219 Loss from early extinguishment of debt 27 27 Net interest expense 27 34 61 Foreign exchange (6 ) (6 ) Income/(loss) before income taxes (29 ) 166 137 Provision for / (benefit from) income taxes (7 ) 45 38 Equity earnings / (loss) in affiliates $ 79 77 $ (156 ) — Net income 79 55 121 (156 ) 99 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 79 $ 55 $ 101 $ (156 ) $ 79 Comprehensive income $ 102 $ 145 $ 145 $ (269 ) $ 123 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 102 $ 145 $ 124 $ (269 ) $ 102 CONDENSED COMBINING BALANCE SHEET As of March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 338 $ 338 Receivables, net 899 899 Inventories 1,417 1,417 Prepaid expenses and other current assets $ 2 232 234 Total current assets 2 — 2,886 2,888 Intercompany debt receivables 3,592 $ (3,592 ) — Investments 3,103 $ 3,053 (6,156 ) — Goodwill and intangible assets 3,357 3,357 Property, plant and equipment, net 2,898 2,898 Other non-current assets 505 222 727 Total $ 3,105 $ 3,558 $ 12,955 $ (9,748 ) $ 9,870 Liabilities and equity Current liabilities Short-term debt $ 37 $ 37 Current maturities of long-term debt 57 57 Accounts payable and accrued liabilities $ 18 $ 39 2,345 2,402 Total current liabilities 18 39 2,439 2,496 Long-term debt, excluding current maturities 392 4,814 5,206 Long-term intercompany debt 2,544 1,048 $ (3,592 ) — Postretirement and pension liabilities 596 596 Other non-current liabilities 355 358 713 Commitments and contingent liabilities Noncontrolling interests 316 316 Crown Holdings shareholders’ equity/(deficit) 543 1,724 4,432 (6,156 ) 543 Total equity/(deficit) 543 1,724 4,748 (6,156 ) 859 Total $ 3,105 $ 3,558 $ 12,955 $ (9,748 ) $ 9,870 CONDENSED COMBINING BALANCE SHEET As of December 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 559 $ 559 Receivables, net 865 865 Inventories 1,245 1,245 Prepaid expenses and other current assets $ 1 171 172 Total current assets 1 — 2,840 2,841 Intercompany debt receivables 3,447 $ (3,447 ) — Investments 2,857 $ 2,915 (5,772 ) — Goodwill and intangible assets 3,263 3,263 Property, plant and equipment, net 2,820 2,820 Other non-current assets 447 228 675 Total $ 2,858 $ 3,362 $ 12,598 $ (9,219 ) $ 9,599 Liabilities and equity Current liabilities Short-term debt $ 33 $ 33 Current maturities of long-term debt 161 161 Accounts payable and accrued liabilities $ 23 $ 40 2,639 2,702 Total current liabilities 23 40 2,833 2,896 Long-term debt, excluding current maturities 392 4,325 4,717 Long-term intercompany debt 2,469 978 $ (3,447 ) — Postretirement and pension liabilities 620 620 Other non-current liabilities 358 340 698 Commitments and contingent liabilities Noncontrolling interests 302 302 Crown Holdings shareholders’ equity/(deficit) 366 1,594 4,178 (5,772 ) 366 Total equity/(deficit) 366 1,594 4,480 (5,772 ) 668 Total $ 2,858 $ 3,362 $ 12,598 $ (9,219 ) $ 9,599 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (9 ) $ (14 ) $ (293 ) $ (4 ) $ (320 ) Cash flows from investing activities Capital expenditures (107 ) (107 ) Proceeds from sale of property, plant and equipment 3 3 Net cash provided by/(used for) investing activities — — (104 ) — (104 ) Cash flows from financing activities Proceeds from long-term debt 4 4 Payments of long-term debt (12 ) (12 ) Net change in revolving credit facility and short-term debt 351 351 Net change in long-term intercompany balances 135 14 (149 ) — Common stock issued 7 7 Common stock repurchased (133 ) (133 ) Dividends paid (4 ) 4 — Dividend paid to noncontrolling interests (13 ) (13 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 9 14 172 4 199 Effect of exchange rate changes on cash and cash equivalents 4 4 Net change in cash and cash equivalents — — (221 ) — (221 ) Cash and cash equivalents at January 1 559 559 Cash and cash equivalents at March 31 $ — $ — $ 338 $ — $ 338 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (10 ) $ (31 ) $ (364 ) $ (3 ) $ (408 ) Cash flows from investing activities Capital expenditures (51 ) (51 ) Proceeds from sale of property, plant and equipment 4 4 Intercompany investing activities 150 (150 ) — Other (1 ) (1 ) Net cash provided by/(used for) investing activities 150 — (48 ) (150 ) (48 ) Cash flows from financing activities Proceeds from long-term debt 303 303 Payments of long-term debt (709 ) (709 ) Net change in revolving credit facility and short-term debt 383 383 Net change in long-term intercompany balances (137 ) 31 106 — Debt issue costs (2 ) (2 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (153 ) 153 — Dividend paid to noncontrolling interests (8 ) (8 ) Foreign exchange derivatives related to debt 32 32 Net cash provided by/(used for) financing activities (140 ) 31 (48 ) 153 (4 ) Effect of exchange rate changes on cash and cash equivalents — Net change in cash and cash equivalents — — (460 ) — (460 ) Cash and cash equivalents at January 1 717 717 Cash and cash equivalents at March 31 $ — $ — $ 257 $ — $ 257 Crown Americas, LLC, Crown Americas Capital Corp. IV and Crown Americas Capital Corp. V (collectively, the Issuer), 100% owned subsidiaries of the Company, have outstanding $1,000 principal amount of 4.5% senior notes due 2023 and $400 principal amount of 4.25% 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. The following condensed combining financial statements: • statements of comprehensive income for the three months ended March 31, 2017 and 2016 , • balance sheets as of March 31, 2017 and December 31, 2016 , and • statements of cash flows for the three months ended March 31, 2017 and 2016 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 March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 445 $ 1,456 $ 1,901 Cost of products sold, excluding depreciation and amortization 361 1,158 1,519 Depreciation and amortization 10 49 59 Selling and administrative expense $ 2 33 55 90 Restructuring and other 1 (5 ) (4 ) Income from operations (2 ) 40 199 237 Net interest expense 17 21 21 59 Technology royalty (9 ) 9 — Foreign exchange 10 (1 ) $ (10 ) (1 ) Income/(loss) before income taxes (29 ) 28 170 10 179 Provision for / (benefit from) income taxes (11 ) 8 45 4 46 Equity earnings / (loss) in affiliates $ 107 49 67 (223 ) — Net income 107 31 87 125 (217 ) 133 Net income attributable to noncontrolling interests (26 ) (26 ) Net income attributable to Crown Holdings $ 107 $ 31 $ 87 $ 99 $ (217 ) $ 107 Comprehensive income $ 246 $ 35 $ 130 $ 271 $ (409 ) $ 273 Comprehensive income attributable to noncontrolling interests (27 ) (27 ) Comprehensive income attributable to Crown Holdings $ 246 $ 35 $ 130 $ 244 $ (409 ) $ 246 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 447 $ 1,446 $ 1,893 Cost of products sold, excluding depreciation and amortization 363 1,158 1,521 Depreciation and amortization 8 52 60 Selling and administrative expense $ 3 35 53 91 Restructuring and other 4 (2 ) 2 Income from operations (3 ) 37 185 219 Loss from early extinguishment of debt 27 27 Net interest expense 20 22 19 61 Technology royalty (9 ) 9 — Foreign exchange 32 (6 ) $ (32 ) (6 ) Income/(loss) before income taxes (82 ) 24 163 32 137 Provision for / (benefit from) income taxes (31 ) 14 44 11 38 Equity earnings / (loss) in affiliates $ 79 64 45 (188 ) — Net income 79 13 55 119 (167 ) 99 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 79 $ 13 $ 55 $ 99 $ (167 ) $ 79 Comprehensive income $ 102 $ 16 $ 145 $ 172 $ (312 ) $ 123 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 102 $ 16 $ 145 $ 151 $ (312 ) $ 102 CONDENSED COMBINING BALANCE SHEET As of March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 79 $ 259 $ 338 Receivables, net $ 10 889 899 Intercompany receivables 32 14 $ (46 ) — Inventories 386 1,031 1,417 Prepaid expenses and other current assets $ 2 2 23 207 234 Total current assets 2 81 451 2,400 (46 ) 2,888 Intercompany debt receivables 2,885 3,346 675 (6,906 ) — Investments 3,103 2,366 1,058 (6,527 ) — Goodwill and intangible assets 468 2,889 3,357 Property, plant and equipment, net 1 505 2,392 2,898 Other non-current assets 3 516 208 727 Total $ 3,105 $ 5,336 $ 6,344 $ 8,564 $ (13,479 ) $ 9,870 Liabilities and equity Current liabilities Short-term debt $ 37 $ 37 Current maturities of long-term debt $ 18 39 57 Accounts payable and accrued liabilities $ 18 15 $ 576 1,793 2,402 Intercompany payables 14 32 $ (46 ) — Total current liabilities 18 33 590 1,901 (46 ) 2,496 Long-term debt, excluding current maturities 2,565 392 2,249 5,206 Long-term intercompany debt 2,544 1,325 2,855 182 (6,906 ) — Postretirement and pension liabilities 408 188 596 Other non-current liabilities 375 338 713 Commitments and contingent liabilities Noncontrolling interests 316 316 Crown Holdings shareholders’ equity/(deficit) 543 1,413 1,724 3,390 (6,527 ) 543 Total equity/(deficit) 543 1,413 1,724 3,706 (6,527 ) 859 Total $ 3,105 $ 5,336 $ 6,344 $ 8,564 $ (13,479 ) $ 9,870 CONDENSED COMBINING BALANCE SHEET As of December 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 83 $ 476 $ 559 Receivables, net 3 $ 20 842 865 Intercompany receivables 33 6 $ (39 ) — Inventories 313 932 1,245 Prepaid expenses and other current assets $ 1 2 13 156 172 Total current assets 1 88 379 2,412 (39 ) 2,841 Intercompany debt receivables 2,703 3,234 690 (6,627 ) — Investments 2,857 2,319 954 (6,130 ) — Goodwill and intangible assets 469 2,794 3,263 Property, plant and equipment, net 1 496 2,323 2,820 Other non-current assets 3 464 208 675 Total $ 2,858 $ 5,114 $ 5,996 $ 8,427 $ (12,796 ) $ 9,599 Liabilities and equity Current liabilities Short-term debt $ 33 $ 33 Current maturities of long-term debt $ 118 43 161 Accounts payable and accrued liabilities $ 23 32 $ 577 2,070 2,702 Intercompany payables 6 33 $ (39 ) — Total current liabilities 23 150 583 2,179 (39 ) 2,896 Long-term debt, excluding current maturities 2,258 392 2,067 4,717 Long-term intercompany debt 2,469 1,328 2,624 206 (6,627 ) — Postretirement and pension liabilities 422 198 620 Other non-current liabilities 381 317 698 Commitments and contingent liabilities Noncontrolling interests 302 302 Crown Holdings shareholders’ equity/(deficit) 366 1,378 1,594 3,158 (6,130 ) 366 Total equity/(deficit) 366 1,378 1,594 3,460 (6,130 ) 668 Total $ 2,858 $ 5,114 $ 5,996 $ 8,427 $ (12,796 ) $ 9,599 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ (9 ) $ (24 ) $ (69 ) $ (208 ) $ (10 ) $ (320 ) Cash flows from investing activities Capital expenditures (50 ) (57 ) (107 ) Proceeds from sale of property, plant and equipment 3 3 Net cash provided by/(used for) investing activities — — (50 ) (54 ) — (104 ) Cash flows from financing activities Proceeds from long-term debt 4 4 Payments of long-term debt (12 ) (12 ) Net change in revolving credit facility and short-term debt 205 146 351 Net change in long-term intercompany balances 135 (185 ) 119 (69 ) — Common stock issued 7 7 Common stock repurchased (133 ) (133 ) Dividends paid (10 ) 10 — Dividends paid to noncontrolling interests (13 ) (13 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 9 20 119 41 10 199 Effect of exchange rate changes on cash and cash equivalents 4 4 Net change in cash and cash equivalents — (4 ) — (217 ) — (221 ) Cash and cash equivalents at January 1 83 476 559 Cash and cash equivalents at March 31 $ — $ 79 $ — $ 259 $ — $ 338 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ (10 ) $ (66 ) $ (2 ) $ (323 ) $ (7 ) $ (408 ) Cash flows from investing activities Capital expenditures (21 ) (30 ) (51 ) Proceeds from sale of property, plant and equipment 4 4 Intercompany investing activities 150 150 (300 ) — Other (1 ) (1 ) Net cash provided by/(used for) investing activities 150 — 129 (27 ) (300 ) (48 ) Cash flows from financing activities Proceeds from long-term debt 300 3 303 Payments of long-term debt (700 ) (9 ) (709 ) Net change in revolving credit facility and short-term debt 75 308 383 Net change in long-term intercompany balances (137 ) 335 (127 ) (71 ) — Debt issue costs (2 ) (2 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (307 ) 307 — Dividends paid to noncontrolling interests (8 ) (8 ) Foreign exchange derivatives related to debt 32 32 Net cash provided by/(used for) financing activities (140 ) 8 (127 ) (52 ) 307 (4 ) Effect of exchange rate changes on cash and cash equivalents — — Net change in cash and cash equivalents — (58 ) — (402 ) — (460 ) Cash and cash equivalents at January 1 104 613 717 Cash and cash equivalents at March 31 $ — $ 46 $ — $ 211 $ — $ 257

Accounting and Reporting Deve23

Accounting and Reporting Developments (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Adopted Accounting Standards In July 2015, the FASB issued new guidance related to the subsequent measurement of inventory. The new guidance requires an entity to subsequently measure inventory at the lower of cost or net realizable value, which is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The guidance became effective for the Company on January 1, 2017 and did not have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued new guidance on how share-based payments are accounted for and presented in the financial statements. The standard eliminates the APIC pool concept and requires that excess tax benefits and deficiencies be recorded in the income statement when awards are settled. The pronouncement also addresses simplifications related to statement of cash flows classification, accounting for forfeitures, and minimum statutory tax withholding requirements. Upon adoption of the standard on January 1, 2017, the Company recorded $60 of deferred tax assets attributable to excess tax benefits that were not previously recognized, because they did not reduce taxes payable, as a cumulative-effect adjustment to retained earnings under the modified retrospective method. The Company also prospectively adopted the guidance requiring all excess tax benefits and deficiencies to be recognized as income tax expense or benefit as discrete items and the guidance requiring all excess tax benefits or deficiencies to be reported as operating activities in the statement of cash flows. Adoption of these provisions did not have a material impact on the the Company's results of operations or statement of cash flows. The treatment of forfeitures has not changed as the Company is electing to continue the current process of estimating forfeitures. In January 2017, the FASB issued guidance that clarifies the definition of a business by adding a framework to assist entities in evaluating whether transactions should be accounted for as acquisitions of assets or businesses. In order to be considered a business under the new guidance, the assets in the transaction need to include an input and a substantive process that together significantly contribute to the ability to create outputs. The Company early adopted this guidance as of January 1, 2017. Adoption did not have an impact on the Company's consolidated financial statements for the three months ended March 31, 2017, however, it may have a material impact on the Company’s consolidated financial statements if it enters into future business combinations. In January 2017, the FASB issued guidance to simplify the accounting for goodwill impairment by removing step two of the impairment test, which requires a hypothetical purchase price allocation. The Company early adopted this guidance on January 1, 2017. The amount of goodwill impaired will now be the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Recently Issued Accounting Standards In May 2014, the FASB issued new guidance which outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. Under the new guidance, revenue is recognized when a customer obtains control of promised goods or services which will either be at a point in time or over time. Certain products that the Company manufactures for customers have no alternative use and are expected to follow an over-time revenue recognition model. For example, beverage cans are generally printed for a specific customer and do not have an alternative use. Food cans may be printed depending upon customer preference which can vary by geographic market. Under current guidance, the Company generally recognizes revenue upon shipment or delivery. Under the new guidance, timing of revenue recognition for these products, may be accelerated such that a portion of revenue will be recognized prior to shipment or delivery dependent upon contract-specific terms. In addition, the new guidance requires enhanced disclosures about the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company has completed its initial assessment and is in the process of designing and implementing changes to processes, systems and controls to be in a position to adopt the standard on a modified retrospective basis in the first quarter of 2018. In February 2016, the FASB issued new guidance on lease accounting. Under the new guidance, lease classification criteria and income statement recognition are similar to current guidance; however, all leases with a term longer than one year will be recorded on the balance sheet through a right-of-use asset and a corresponding lease liability. The guidance will be effective for the Company on January 1, 2019. The Company is currently evaluating the impact of adopting this guidance, which may have a material impact on its financial position. In August 2016, the FASB issued new guidance related to the classification of certain cash receipts and payments on the statement of cash flows. Under the new guidance, cash payments resulting from debt prepayment or extinguishment will be classified as cash outflows from financing activities. In addition, beneficial interests obtained in a securitization of financial assets should be disclosed as a noncash activity and cash receipts from the beneficial interests should be classified as cash inflows from investing activities. Under existing guidance, the Company classifies cash receipts from beneficial interests in securitized receivables and cash payments resulting from debt prepayment or extinguishment as cash flows from operating activities. The guidance will be effective for the Company on January 1, 2018. The Company is currently evaluating the impact of adopting this guidance, which may have a material impact on its cash flows from operating and investing activities. In October 2016, the FASB issued new guidance related to intra-entity transfers of assets other than inventory. Under current guidance, income tax expense associated with intra-entity profits in an intercompany sale or transfer of assets is deferred until the assets leave the consolidated group. Similarly, the entity is prohibited from recognizing deferred tax assets for any increases in tax bases due to the intercompany sale or transfer. The new guidance allows for the recognition of income tax expense and deferred tax benefits on increases on tax bases when an intercompany sale or transfer of other assets occurs. Income tax effects of intercompany inventory transactions will continue to be deferred until the assets leave the consolidated group. The guidance will be effective for the Company on January 1, 2018. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements. In March 2017, the FASB issued new guidance on the presentation of pension and other postretirement benefit costs. Under the new guidance only the service cost component of pension and other postretirement benefit costs will be presented with other employee compensation costs within income from operations or capitalized in assets. The other components will be reported separately outside of income from operations and will not be eligible for capitalization. The guidance will be effective for the Company on January 1, 2018. The guidance is not expected to have a material impact on the Company's consolidated pension and other postretirement benefit costs or net income but is expected to have a material impact on its income from operations.

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides information about the changes in each component of accumulated other comprehensive income. Defined benefit plans Foreign currency translation Gains and losses on cash flow hedges Total Balance at January 1, 2016 $ (1,690 ) $ (1,446 ) $ (18 ) $ (3,154 ) Other comprehensive (loss) income before reclassifications — 9 (2 ) 7 Amounts reclassified from accumulated other comprehensive income 13 3 16 Other comprehensive income 13 9 1 23 Balance at March 31, 2016 $ (1,677 ) $ (1,437 ) $ (17 ) $ (3,131 ) Balance at January 1, 2017 $ (1,524 ) $ (1,879 ) $ 3 $ (3,400 ) Other comprehensive income before reclassifications — 110 21 131 Amounts reclassified from accumulated other comprehensive income 9 (1 ) 8 Other comprehensive income 9 110 20 139 Balance at March 31, 2017 $ (1,515 ) $ (1,769 ) $ 23 $ (3,261 ) The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Details about accumulated other March 31 Affected line item in the comprehensive income components 2017 2016 statement of operations (Gains) losses on cash flow hedges Commodities $ (4 ) $ 7 Cost of products sold (4 ) 7 Income before taxes 1 (2 ) Provision for income taxes $ (3 ) $ 5 Net income Foreign exchange $ 3 $ 2 Net sales (1 ) (4 ) Cost of products sold 2 (2 ) Income before taxes — — Provision for income taxes $ 2 $ (2 ) Net income Total (gains) losses on cash flow hedges $ (1 ) $ 3 Amortization of defined benefit plan items Actuarial losses $ 24 $ 29 (a) Prior service credit (13 ) (13 ) (a) 11 16 Income before taxes (2 ) (3 ) Provision for income taxes $ 9 $ 13 Net income Total reclassifications for the period $ 8 $ 16 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement cost. See Note M for further details.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Share-based Compensation [Abstract]
Summary of Restricted Stock Transactions	A summary of restricted stock transactions during the three months ended March 31, 2017 follows: Number of shares Non-vested stock awards outstanding at January 1, 2017 1,321,292 Awarded: Time-vesting shares 65,575 Performance-based shares 134,795 Released: Time-vesting shares (53,347 ) Performance-based shares (115,732 ) Forfeitures: Time-vesting shares (11,500 ) Performance-based shares (58,749 ) Non-vested stock awards outstanding at March 31, 2017 1,282,334

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of Receivables	March 31, 2017 December 31, 2016 Accounts receivable $ 784 $ 769 Less: allowance for doubtful accounts (77 ) (76 ) Net trade receivables 707 693 Miscellaneous receivables 192 172 Receivables, net $ 899 $ 865

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory, Gross [Abstract]
Components of Inventories	March 31, 2017 December 31, 2016 Raw materials and supplies 682 $ 658 Work in process 132 116 Finished goods 603 471 $ 1,417 $ 1,245

Derivative and Other Financia28

Derivative and Other Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Accumulated Other Comprehensive Income (AOCI) and Earnings From Changes In Fair Value Related To Derivative Instruments	The following table sets forth financial information about the impact on accumulated other comprehensive income (“AOCI”) and earnings from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in AOCI reclassified from AOCI (effective portion) into earnings Three Months Ended Three Months Ended Three Months Ended Three Months Ended Derivatives in cash flow hedges March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 Foreign exchange $ (2 ) $ — $ (2 ) $ 2 Commodities 23 (2 ) 3 (5 ) Total $ 21 $ (2 ) $ 1 $ (3 )
Fair Value of Outstanding Derivative Instruments in the Consolidated Balance Sheets	The following table sets forth the fair value hierarchy for the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 , respectively. Balance Sheet classification Fair Value hierarchy March 31, December 31, Derivative assets Derivatives designated as hedges: Foreign exchange Other current assets 2 $ 22 $ 24 Commodities Other current assets 2 39 13 Commodities Other non-current assets 2 6 3 Derivatives not designated as hedges: Commodities Other current assets 2 13 5 Total $ 80 $ 45 Derivative liabilities Derivatives designated as hedges: Foreign exchange Accounts payable and accrued liabilities 2 $ 24 $ 28 Commodities Accounts payable and accrued liabilities 2 13 3 Foreign exchange Other non-current liabilities 2 1 1 Derivatives not designated as hedges: Foreign exchange Accounts payable and accrued liabilities 2 1 5 Total $ 39 $ 37
Schedule of Offsetting Derivative Assets and Liabilities	In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate. Gross amounts recognized in the Balance Sheet Gross amounts not offset in the Balance Sheet Net amount Balance at March 31, 2017 Derivative assets $80 $11 $69 Derivative liabilities 39 11 28 Balance at December 31, 2016 Derivative assets 45 6 39 Derivative liabilities 37 6 31
Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheet	The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at March 31, 2017 and December 31, 2016 were: March 31, 2017 December 31, 2016 Derivatives in cash flow hedges: Foreign exchange $ 651 $ 644 Commodities 205 180 Derivatives in fair value hedges: Foreign exchange 59 73 Derivatives not designated as hedges: Foreign exchange 572 618 Commodities 78 72

Restructuring and Other (Tables

Restructuring and Other (Tables)	3 Months Ended
	Mar. 31, 2017
Restructuring Reserve [Abstract]
Restructuring and Other Charges	The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended March 31 2017 2016 Asset impairments and sales $ (6 ) $ (2 ) Restructuring 2 — Other costs — 4 $ (4 ) $ 2
Restructuring Accrual Balances and Utilization by Cost Type	The table below summarizes the termination benefits accrual balance and utilization by cost type for these actions. Termination benefits Other exit costs Total Balance at January 1, 2017 $ 8 $ — $ 8 Provision — 1 1 Payments (4 ) (1 ) (5 ) Balance at March 31, 2017 $ 4 $ — $ 4

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The Company's outstanding debt was as follows: March 31, 2017 December 31, 2016 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 37 $ 37 $ 33 $ 33 Long-term debt Senior secured borrowings: Revolving credit facilities $ 354 $ 354 $ — $ — Term loan facilities U.S. dollar at LIBOR + 1.75% due 2018 654 650 654 649 €58 Euro at EURIBOR + 1.75% due 2018 62 62 61 61 Farm credit facility at LIBOR + 2.00% due 2019 351 347 351 347 Senior notes and debentures: €650 at 4.0% due 2022 694 686 684 676 U. S. dollar at 4.50% due 2023 1,000 991 1,000 991 €600 at 2.625% due 2024 641 634 631 623 €600 at 3.375% due 2025 641 632 631 622 U.S. dollar at 4.25% due 2026 400 393 400 393 U.S. dollar at 7.375% due 2026 350 347 350 347 U.S. dollar at 7.50% due 2096 45 45 45 45 Other indebtedness in various currencies 122 122 124 124 Total long-term debt 5,314 5,263 4,931 4,878 Less current maturities (58 ) (57 ) (162 ) (161 ) Total long-term debt, less current maturities $ 5,256 $ 5,206 $ 4,769 $ 4,717

Asbestos-Related Liabilities (T

Asbestos-Related Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Liability for Asbestos and Environmental Claims [Abstract]
Summary of Claims Activity	During the three months ended March 31, 2017 , the Company paid $3 to settle outstanding claims and had claims activity as follows: Beginning claims 55,500 New claims 750 Settlements or dismissals (250 ) Ending claims 56,000
Summary of Outstanding Asbestos Claims by Years of Exposure and State Filed	In the fourth quarter of each year, the Company performs an analysis of outstanding claims and categorizes these claims by year of exposure and state filed. As of December 31, 2016 , the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,000 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 2,000 Other states that have enacted asbestos legislation 6,000 Other states 18,500 Total claims outstanding 55,500
Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases	As of December 31, the percentage of outstanding claims related to claimants alleging serious diseases (primarily mesothelioma and other malignancies) were as follows: 2016 2015 2014 Total claims 22 % 22 % 22 % Pre-1964 claims in states without asbestos legislation 41 % 41 % 41 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Computations of Basic and Diluted Earnings Per Share	The following table summarizes the computations of basic and diluted earnings per share attributable to the Company. Three Months Ended March 31 2017 2016 Net income attributable to Crown Holdings $ 107 $ 79 Weighted average shares outstanding: Basic 138.5 138.1 Dilutive stock options and restricted stock 0.5 0.9 Diluted 139.0 139.0 Basic earnings per share $ 0.77 $ 0.57 Diluted earnings per share $ 0.77 $ 0.57

Pension and Other Postretirem33

Pension and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2017
Pension Benefits - U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	The components of net periodic pension and other postretirement benefits costs for the three months ended March 31, 2017 and 2016 were as follows: Three Months Ended March 31 Pension benefits – U.S. plans 2017 2016 Service cost $ 4 $ 4 Interest cost 12 13 Expected return on plan assets (21 ) (23 ) Recognized net loss 13 12 Net periodic cost $ 8 $ 6
Pension Benefits - Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended March 31 Pension benefits – Non-U.S. plans 2017 2016 Service cost $ 6 $ 6 Interest cost 19 26 Expected return on plan assets (35 ) (41 ) Recognized prior service credit (3 ) (3 ) Recognized net loss 10 13 Net periodic (benefit) cost $ (3 ) $ 1
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended March 31 Other postretirement benefits 2017 2016 Service cost $ — $ — Interest cost 1 1 Recognized prior service credit (10 ) (10 ) Recognized net loss 1 1 Net periodic benefit $ (8 ) $ (8 )

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of U.S. Statutory Federal Income Tax Rate to Pre-tax Income	The provision for income taxes differs from the amount of income tax determined by applying the U.S. statutory federal income tax rate to pre-tax income as a result of the following items: Three Months Ended March 31 2017 2016 U.S. statutory rate at 35% $ 63 $ 48 Tax on foreign income (21 ) (14 ) Tax contingencies 3 — Valuation allowance 3 2 Other items, net (2 ) 2 Income tax provision $ 46 $ 38

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Information of Information about Operating Segments	The tables below present information about the Company's operating segments. External Sales Three Months Ended March 31 2017 2016 Americas Beverage $ 674 $ 643 North America Food 153 146 European Beverage 303 315 European Food 379 398 Asia Pacific 278 277 Total reportable segments 1,787 1,779 Non-reportable segments 114 114 Total $ 1,901 $ 1,893 The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its specialty packaging business in Europe and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Three Months Ended March 31 2017 2016 Americas Beverage $ 6 $ 15 North America Food 6 6 European Beverage 1 1 European Food 16 16 Asia Pacific — — Total reportable segments 29 38 Non-reportable segments 29 18 Total $ 58 $ 56 Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process. Segment Income Three Months Ended March 31 2017 2016 Americas Beverage $ 105 $ 104 North America Food 16 12 European Beverage 51 46 European Food 47 49 Asia Pacific 39 35 Total reportable segments $ 258 $ 246
Reconciliation of Segment Income	A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended March 31 2017 2016 Segment income of reportable segments $ 258 $ 246 Segment income of non-reportable segments 15 13 Corporate and unallocated items (40 ) (38 ) Restructuring and other 4 (2 ) Loss from early extinguishments of debt — (27 ) Interest expense (62 ) (64 ) Interest income 3 3 Foreign exchange 1 6 Income before income taxes $ 179 $ 137

Condensed Combining Financial36

Condensed Combining Financial Information (Tables)	3 Months Ended
	Mar. 31, 2017
Crown Cork & Seal Company Inc [Member]
Condensed Combining Statement of Comprehensive Income	CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 1,901 $ 1,901 Cost of products sold, excluding depreciation and amortization 1,519 1,519 Depreciation and amortization 59 59 Selling and administrative expense $ 2 88 90 Restructuring and other (4 ) (4 ) Income from operations (2 ) 239 237 Net interest expense 20 39 59 Foreign exchange (1 ) (1 ) Income/(loss) before income taxes (22 ) 201 179 Provision for / (benefit from) income taxes (10 ) 56 46 Equity earnings / (loss) in affiliates $ 107 99 $ (206 ) — Net income 107 87 145 (206 ) 133 Net income attributable to noncontrolling interests (26 ) (26 ) Net income attributable to Crown Holdings $ 107 $ 87 $ 119 $ (206 ) $ 107 Comprehensive income $ 246 $ 130 $ 285 $ (388 ) $ 273 Comprehensive income attributable to noncontrolling interests (27 ) (27 ) Comprehensive income attributable to Crown Holdings $ 246 $ 130 $ 258 $ (388 ) $ 246 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 1,893 $ 1,893 Cost of products sold, excluding depreciation and amortization 1,521 1,521 Depreciation and amortization 60 60 Selling and administrative expense $ 2 89 91 Restructuring and other 2 2 Income from operations (2 ) 221 219 Loss from early extinguishment of debt 27 27 Net interest expense 27 34 61 Foreign exchange (6 ) (6 ) Income/(loss) before income taxes (29 ) 166 137 Provision for / (benefit from) income taxes (7 ) 45 38 Equity earnings / (loss) in affiliates $ 79 77 $ (156 ) — Net income 79 55 121 (156 ) 99 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 79 $ 55 $ 101 $ (156 ) $ 79 Comprehensive income $ 102 $ 145 $ 145 $ (269 ) $ 123 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 102 $ 145 $ 124 $ (269 ) $ 102
Condensed Combining Balance Sheet	CONDENSED COMBINING BALANCE SHEET As of March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 338 $ 338 Receivables, net 899 899 Inventories 1,417 1,417 Prepaid expenses and other current assets $ 2 232 234 Total current assets 2 — 2,886 2,888 Intercompany debt receivables 3,592 $ (3,592 ) — Investments 3,103 $ 3,053 (6,156 ) — Goodwill and intangible assets 3,357 3,357 Property, plant and equipment, net 2,898 2,898 Other non-current assets 505 222 727 Total $ 3,105 $ 3,558 $ 12,955 $ (9,748 ) $ 9,870 Liabilities and equity Current liabilities Short-term debt $ 37 $ 37 Current maturities of long-term debt 57 57 Accounts payable and accrued liabilities $ 18 $ 39 2,345 2,402 Total current liabilities 18 39 2,439 2,496 Long-term debt, excluding current maturities 392 4,814 5,206 Long-term intercompany debt 2,544 1,048 $ (3,592 ) — Postretirement and pension liabilities 596 596 Other non-current liabilities 355 358 713 Commitments and contingent liabilities Noncontrolling interests 316 316 Crown Holdings shareholders’ equity/(deficit) 543 1,724 4,432 (6,156 ) 543 Total equity/(deficit) 543 1,724 4,748 (6,156 ) 859 Total $ 3,105 $ 3,558 $ 12,955 $ (9,748 ) $ 9,870 CONDENSED COMBINING BALANCE SHEET As of December 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 559 $ 559 Receivables, net 865 865 Inventories 1,245 1,245 Prepaid expenses and other current assets $ 1 171 172 Total current assets 1 — 2,840 2,841 Intercompany debt receivables 3,447 $ (3,447 ) — Investments 2,857 $ 2,915 (5,772 ) — Goodwill and intangible assets 3,263 3,263 Property, plant and equipment, net 2,820 2,820 Other non-current assets 447 228 675 Total $ 2,858 $ 3,362 $ 12,598 $ (9,219 ) $ 9,599 Liabilities and equity Current liabilities Short-term debt $ 33 $ 33 Current maturities of long-term debt 161 161 Accounts payable and accrued liabilities $ 23 $ 40 2,639 2,702 Total current liabilities 23 40 2,833 2,896 Long-term debt, excluding current maturities 392 4,325 4,717 Long-term intercompany debt 2,469 978 $ (3,447 ) — Postretirement and pension liabilities 620 620 Other non-current liabilities 358 340 698 Commitments and contingent liabilities Noncontrolling interests 302 302 Crown Holdings shareholders’ equity/(deficit) 366 1,594 4,178 (5,772 ) 366 Total equity/(deficit) 366 1,594 4,480 (5,772 ) 668 Total $ 2,858 $ 3,362 $ 12,598 $ (9,219 ) $ 9,599
Condensed Combining Statement of Cash Flows	CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (9 ) $ (14 ) $ (293 ) $ (4 ) $ (320 ) Cash flows from investing activities Capital expenditures (107 ) (107 ) Proceeds from sale of property, plant and equipment 3 3 Net cash provided by/(used for) investing activities — — (104 ) — (104 ) Cash flows from financing activities Proceeds from long-term debt 4 4 Payments of long-term debt (12 ) (12 ) Net change in revolving credit facility and short-term debt 351 351 Net change in long-term intercompany balances 135 14 (149 ) — Common stock issued 7 7 Common stock repurchased (133 ) (133 ) Dividends paid (4 ) 4 — Dividend paid to noncontrolling interests (13 ) (13 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 9 14 172 4 199 Effect of exchange rate changes on cash and cash equivalents 4 4 Net change in cash and cash equivalents — — (221 ) — (221 ) Cash and cash equivalents at January 1 559 559 Cash and cash equivalents at March 31 $ — $ — $ 338 $ — $ 338 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2016 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (10 ) $ (31 ) $ (364 ) $ (3 ) $ (408 ) Cash flows from investing activities Capital expenditures (51 ) (51 ) Proceeds from sale of property, plant and equipment 4 4 Intercompany investing activities 150 (150 ) — Other (1 ) (1 ) Net cash provided by/(used for) investing activities 150 — (48 ) (150 ) (48 ) Cash flows from financing activities Proceeds from long-term debt 303 303 Payments of long-term debt (709 ) (709 ) Net change in revolving credit facility and short-term debt 383 383 Net change in long-term intercompany balances (137 ) 31 106 — Debt issue costs (2 ) (2 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (153 ) 153 — Dividend paid to noncontrolling interests (8 ) (8 ) Foreign exchange derivatives related to debt 32 32 Net cash provided by/(used for) financing activities (140 ) 31 (48 ) 153 (4 ) Effect of exchange rate changes on cash and cash equivalents — Net change in cash and cash equivalents — — (460 ) — (460 ) Cash and cash equivalents at January 1 717 717 Cash and cash equivalents at March 31 $ — $ — $ 257 $ — $ 257
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Condensed Combining Statement of Comprehensive Income	CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 445 $ 1,456 $ 1,901 Cost of products sold, excluding depreciation and amortization 361 1,158 1,519 Depreciation and amortization 10 49 59 Selling and administrative expense $ 2 33 55 90 Restructuring and other 1 (5 ) (4 ) Income from operations (2 ) 40 199 237 Net interest expense 17 21 21 59 Technology royalty (9 ) 9 — Foreign exchange 10 (1 ) $ (10 ) (1 ) Income/(loss) before income taxes (29 ) 28 170 10 179 Provision for / (benefit from) income taxes (11 ) 8 45 4 46 Equity earnings / (loss) in affiliates $ 107 49 67 (223 ) — Net income 107 31 87 125 (217 ) 133 Net income attributable to noncontrolling interests (26 ) (26 ) Net income attributable to Crown Holdings $ 107 $ 31 $ 87 $ 99 $ (217 ) $ 107 Comprehensive income $ 246 $ 35 $ 130 $ 271 $ (409 ) $ 273 Comprehensive income attributable to noncontrolling interests (27 ) (27 ) Comprehensive income attributable to Crown Holdings $ 246 $ 35 $ 130 $ 244 $ (409 ) $ 246 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended March 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 447 $ 1,446 $ 1,893 Cost of products sold, excluding depreciation and amortization 363 1,158 1,521 Depreciation and amortization 8 52 60 Selling and administrative expense $ 3 35 53 91 Restructuring and other 4 (2 ) 2 Income from operations (3 ) 37 185 219 Loss from early extinguishment of debt 27 27 Net interest expense 20 22 19 61 Technology royalty (9 ) 9 — Foreign exchange 32 (6 ) $ (32 ) (6 ) Income/(loss) before income taxes (82 ) 24 163 32 137 Provision for / (benefit from) income taxes (31 ) 14 44 11 38 Equity earnings / (loss) in affiliates $ 79 64 45 (188 ) — Net income 79 13 55 119 (167 ) 99 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 79 $ 13 $ 55 $ 99 $ (167 ) $ 79 Comprehensive income $ 102 $ 16 $ 145 $ 172 $ (312 ) $ 123 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 102 $ 16 $ 145 $ 151 $ (312 ) $ 102
Condensed Combining Balance Sheet	CONDENSED COMBINING BALANCE SHEET As of March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 79 $ 259 $ 338 Receivables, net $ 10 889 899 Intercompany receivables 32 14 $ (46 ) — Inventories 386 1,031 1,417 Prepaid expenses and other current assets $ 2 2 23 207 234 Total current assets 2 81 451 2,400 (46 ) 2,888 Intercompany debt receivables 2,885 3,346 675 (6,906 ) — Investments 3,103 2,366 1,058 (6,527 ) — Goodwill and intangible assets 468 2,889 3,357 Property, plant and equipment, net 1 505 2,392 2,898 Other non-current assets 3 516 208 727 Total $ 3,105 $ 5,336 $ 6,344 $ 8,564 $ (13,479 ) $ 9,870 Liabilities and equity Current liabilities Short-term debt $ 37 $ 37 Current maturities of long-term debt $ 18 39 57 Accounts payable and accrued liabilities $ 18 15 $ 576 1,793 2,402 Intercompany payables 14 32 $ (46 ) — Total current liabilities 18 33 590 1,901 (46 ) 2,496 Long-term debt, excluding current maturities 2,565 392 2,249 5,206 Long-term intercompany debt 2,544 1,325 2,855 182 (6,906 ) — Postretirement and pension liabilities 408 188 596 Other non-current liabilities 375 338 713 Commitments and contingent liabilities Noncontrolling interests 316 316 Crown Holdings shareholders’ equity/(deficit) 543 1,413 1,724 3,390 (6,527 ) 543 Total equity/(deficit) 543 1,413 1,724 3,706 (6,527 ) 859 Total $ 3,105 $ 5,336 $ 6,344 $ 8,564 $ (13,479 ) $ 9,870 CONDENSED COMBINING BALANCE SHEET As of December 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 83 $ 476 $ 559 Receivables, net 3 $ 20 842 865 Intercompany receivables 33 6 $ (39 ) — Inventories 313 932 1,245 Prepaid expenses and other current assets $ 1 2 13 156 172 Total current assets 1 88 379 2,412 (39 ) 2,841 Intercompany debt receivables 2,703 3,234 690 (6,627 ) — Investments 2,857 2,319 954 (6,130 ) — Goodwill and intangible assets 469 2,794 3,263 Property, plant and equipment, net 1 496 2,323 2,820 Other non-current assets 3 464 208 675 Total $ 2,858 $ 5,114 $ 5,996 $ 8,427 $ (12,796 ) $ 9,599 Liabilities and equity Current liabilities Short-term debt $ 33 $ 33 Current maturities of long-term debt $ 118 43 161 Accounts payable and accrued liabilities $ 23 32 $ 577 2,070 2,702 Intercompany payables 6 33 $ (39 ) — Total current liabilities 23 150 583 2,179 (39 ) 2,896 Long-term debt, excluding current maturities 2,258 392 2,067 4,717 Long-term intercompany debt 2,469 1,328 2,624 206 (6,627 ) — Postretirement and pension liabilities 422 198 620 Other non-current liabilities 381 317 698 Commitments and contingent liabilities Noncontrolling interests 302 302 Crown Holdings shareholders’ equity/(deficit) 366 1,378 1,594 3,158 (6,130 ) 366 Total equity/(deficit) 366 1,378 1,594 3,460 (6,130 ) 668 Total $ 2,858 $ 5,114 $ 5,996 $ 8,427 $ (12,796 ) $ 9,599
Condensed Combining Statement of Cash Flows	CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ (9 ) $ (24 ) $ (69 ) $ (208 ) $ (10 ) $ (320 ) Cash flows from investing activities Capital expenditures (50 ) (57 ) (107 ) Proceeds from sale of property, plant and equipment 3 3 Net cash provided by/(used for) investing activities — — (50 ) (54 ) — (104 ) Cash flows from financing activities Proceeds from long-term debt 4 4 Payments of long-term debt (12 ) (12 ) Net change in revolving credit facility and short-term debt 205 146 351 Net change in long-term intercompany balances 135 (185 ) 119 (69 ) — Common stock issued 7 7 Common stock repurchased (133 ) (133 ) Dividends paid (10 ) 10 — Dividends paid to noncontrolling interests (13 ) (13 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 9 20 119 41 10 199 Effect of exchange rate changes on cash and cash equivalents 4 4 Net change in cash and cash equivalents — (4 ) — (217 ) — (221 ) Cash and cash equivalents at January 1 83 476 559 Cash and cash equivalents at March 31 $ — $ 79 $ — $ 259 $ — $ 338 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the three months ended March 31, 2016 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ (10 ) $ (66 ) $ (2 ) $ (323 ) $ (7 ) $ (408 ) Cash flows from investing activities Capital expenditures (21 ) (30 ) (51 ) Proceeds from sale of property, plant and equipment 4 4 Intercompany investing activities 150 150 (300 ) — Other (1 ) (1 ) Net cash provided by/(used for) investing activities 150 — 129 (27 ) (300 ) (48 ) Cash flows from financing activities Proceeds from long-term debt 300 3 303 Payments of long-term debt (700 ) (9 ) (709 ) Net change in revolving credit facility and short-term debt 75 308 383 Net change in long-term intercompany balances (137 ) 335 (127 ) (71 ) — Debt issue costs (2 ) (2 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (307 ) 307 — Dividends paid to noncontrolling interests (8 ) (8 ) Foreign exchange derivatives related to debt 32 32 Net cash provided by/(used for) financing activities (140 ) 8 (127 ) (52 ) 307 (4 ) Effect of exchange rate changes on cash and cash equivalents — — Net change in cash and cash equivalents — (58 ) — (402 ) — (460 ) Cash and cash equivalents at January 1 104 613 717 Cash and cash equivalents at March 31 $ — $ 46 $ — $ 211 $ — $ 257

Accounting and Reporting Deve37

Accounting and Reporting Developments (Details) - Adjustments for new accounting pronouncement [Member] $ in Millions	Jan. 01, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tax asset	$ 60
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of recently adopted accounting standard	$ 60

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Income (Components) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (3,400)	$ (3,154)
Other comprehensive income before reclassifications	131	7
Amounts reclassified from accumulated other comprehensive income	8	16
Other comprehensive income	139	23
Balance at end of period	(3,261)	(3,131)
Defined Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,524)	(1,690)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	9	13
Other comprehensive income	9	13
Balance at end of period	(1,515)	(1,677)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,879)	(1,446)
Other comprehensive income before reclassifications	110	9
Amounts reclassified from accumulated other comprehensive income
Other comprehensive income	110	9
Balance at end of period	(1,769)	(1,437)
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	3	(18)
Other comprehensive income before reclassifications	21	(2)
Amounts reclassified from accumulated other comprehensive income	(1)	3
Other comprehensive income	20	1
Balance at end of period	$ 23	$ (17)

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income (Reclassification) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales		$ 1,901	$ 1,893
Cost of products sold		1,519	1,521
Income before income taxes		179	137
Provision for income taxes		(46)	(38)
Net income		133	99
Total (gains) losses on cash flow hedges		8	16
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total (gains) losses on cash flow hedges		(1)	3
Amortization of Defined Benefit Plan Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total (gains) losses on cash flow hedges		9	13
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income		8	16
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total (gains) losses on cash flow hedges		(1)	3
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges [Member] | Commodities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of products sold		(4)	7
Income before income taxes		(4)	7
Provision for income taxes		1	(2)
Net income		(3)	5
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges [Member] | Foreign Exchange [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales		3	2
Cost of products sold		(1)	(4)
Income before income taxes		2	(2)
Provision for income taxes		0	0
Net income		2	(2)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of Defined Benefit Plan Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income before income taxes		11	16
Provision for income taxes		(2)	(3)
Net income		9	13
Actuarial losses	[1]	24	29
Prior service credit	[1]	$ (13)	$ (13)
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement cost. See Note M for further details.

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Transactions) (Details)	3 Months Ended
	Mar. 31, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested stock awards outstanding at beginning of period (in shares)	1,321,292
Nonvested stock awards outstanding at end of period (in shares)	1,282,334
Time Vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	65,575
Released (in shares)	(53,347)
Forfeitures (in shares)	(11,500)
Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	134,795
Released (in shares)	(115,732)
Forfeitures (in shares)	(58,749)

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 36
Cost expected to be recognized, weighted average period (in years)	1 year 11 months
Market Based Restricted Stock [Member] [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term	cliff vest at the end of three years
Vesting period (in years) for shares awarded	3 years
Level of market performance achieved based on shares awarded, minimum (as a percent)	0.00%
Level of market performance achieved based on shares awarded, maximum (as a percent)	200.00%
Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term	cliff vest at the end of three years
Number of performance-based shares awarded to certain senior executives | shares	134,795
Vesting period (in years) for shares awarded	3 years
Level of market performance achieved based on shares awarded, minimum (as a percent)	0.00%
Level of market performance achieved based on shares awarded, maximum (as a percent)	200.00%
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 51.91
Method used for calculation of performance of share	Monte Carlo
Weighted average stock price volatility	21.10%
Expected term (in years)	3 years
Risk free interest rate	1.43%
Time Vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of performance-based shares awarded to certain senior executives | shares	65,575
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 53.35
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate market value of shares released and issued | $	$ 9
Minimum [Member] | Time Vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years) for shares awarded	3 years
Maximum [Member] | Time Vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years) for shares awarded	5 years

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Accounts receivable	$ 784	$ 769
Less: allowance for doubtful accounts	(77)	(76)
Net trade receivables	707	693
Miscellaneous receivables	192	172
Receivables, net	899	865
North American Facility [Member]
Deferred purchase price	$ 99	$ 83

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory, Gross [Abstract]
Raw materials and supplies	$ 682	$ 658
Work in process	132	116
Finished goods	603	471
Total inventories	$ 1,417	$ 1,245

Derivative and Other Financia44

Derivative and Other Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Objective for using derivative instruments	The Company’s objective in managing exposure to market risk is to limit the impact on earnings and cash flow.
Gain expected to be reclassified to earnings	$ 21,000,000
Gain, net of tax, expected to be reclassified to earnings	17,000,000
Reclassification of anticipated transactions that were no longer considered probable	0	$ 0
Changes in fair value of the derivative financial instruments, excluded from the assessment and measurement of hedge effectiveness reported in earnings (less than)	1,000,000
Accumulated Other Comprehensive Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss on net investment hedge settlements	15,000,000	45,000,000
Loss on net investment hedge settlements, net of tax	12,000,000	34,000,000
Commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain on cash flow hedge ineffectiveness	2,000,000	1,000,000
Gain (loss) on cash flow hedge ineffectiveness, net of tax	1,000,000	1,000,000
Foreign Exchange [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain on foreign exchange contracts designated as fair value hedges	(1,000,000)	(1,000,000)
Gain (loss) on foreign exchange contracts not designated as fair value hedges	$ 1,000,000	21,000,000
Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity Range	1 month
Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity Range	31 months
Not Designated as Hedging Instrument [Member] | Commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain on cash flow hedge ineffectiveness		1,000,000
Gain (loss) on cash flow hedge ineffectiveness, net of tax	$ (5,000,000)	$ 1,000,000
Loss on cash flow hedge ineffectiveness	$ 7,000,000

Derivative and Other Financia45

Derivative and Other Financial Instruments (Accumulated Other Comprehensive Income ("AOCI") and Earnings from Changes in Fair Value Related to Derivative Instruments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	$ 21	$ (2)
Amount of gain/(loss) reclassified from AOCI into earnings	1	(3)
Foreign Exchange [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	(2)	0
Amount of gain/(loss) reclassified from AOCI into earnings	(2)	2
Commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	23	(2)
Amount of gain/(loss) reclassified from AOCI into earnings	$ 3	$ (5)

Derivative and Other Financia46

Derivative and Other Financial Instruments (Fair Values of Outstanding Derivative Instruments in the Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative assets
Total	$ 80	$ 45
Derivative liabilities
Total	39	37
Fair Value, Inputs, Level 2 [Member] | Other Current Assets [Member] | Foreign Exchange [Member] | Designated as Hedging Instrument [Member]
Derivative assets
Derivatives designated as hedges, Foreign exchange	22	24
Fair Value, Inputs, Level 2 [Member] | Other Current Assets [Member] | Commodities [Member] | Designated as Hedging Instrument [Member]
Derivative assets
Derivatives designated as hedges, Commodities	39	13
Fair Value, Inputs, Level 2 [Member] | Other Current Assets [Member] | Commodities [Member] | Not Designated as Hedging Instrument [Member]
Derivative assets
Derivatives designated as hedges, Commodities	13	5
Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Assets [Member] | Commodities [Member] | Designated as Hedging Instrument [Member]
Derivative assets
Derivatives designated as hedges, Commodities	6	3
Fair Value, Inputs, Level 2 [Member] | Accounts Payable and Accrued Liabilities [Member] | Foreign Exchange [Member] | Designated as Hedging Instrument [Member]
Derivative liabilities
Derivatives designated as hedges, Foreign exchange	24	28
Fair Value, Inputs, Level 2 [Member] | Accounts Payable and Accrued Liabilities [Member] | Foreign Exchange [Member] | Not Designated as Hedging Instrument [Member]
Derivative liabilities
Derivatives not designated as hedges, Foreign exchange	1	5
Fair Value, Inputs, Level 2 [Member] | Accounts Payable and Accrued Liabilities [Member] | Commodities [Member] | Designated as Hedging Instrument [Member]
Derivative liabilities
Derivatives designated as hedges, Commodities	13	3
Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Liabilities [Member] | Commodities [Member] | Designated as Hedging Instrument [Member]
Derivative liabilities
Derivatives designated as hedges, Commodities	$ 1	$ 1

Derivative and Other Financia47

Derivative and Other Financial Instruments (Offsetting of Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts Recognized in the Balance Sheet, Derivative Assets	$ 80	$ 45
Gross Amounts Not Offset in the Balance Sheet, Derivative Assets	11	6
Net Amount, Derivative Assets	69	39
Gross Amounts Recognized in the Balance Sheet, Derivative Liabilities	39	37
Gross Amounts Not Offset in the Balance Sheet, Derivative Liabilities	11	6
Net Amount, Derivative Liabilities	$ 28	$ 31

Derivative and Other Financia48

Derivative and Other Financial Instruments (Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheet) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Foreign Exchange [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 572	$ 618
Foreign Exchange [Member] | Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	651	644
Foreign Exchange [Member] | Fair Value Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	59	73
Commodities [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	78	72
Commodities [Member] | Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 205	$ 180

Restructuring and Other (Narrat

Restructuring and Other (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)employeefacility	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Asset impairments and sales	$ (6)	$ (2)
European specialty packaging business [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairments and sales	(5)
2015 European Division Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 21
Number of facilities closed | facility	2
Restructuring accrual	$ 4		$ 8
2015 European Division Actions [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Reduction in number of employees | employee	280
Restructuring accrual	$ 4		$ 8
Other Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	$ 11

Restructuring and Other (Restru

Restructuring and Other (Restructuring Charges by Action/Type) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring Reserve [Abstract]
Asset impairments and sales	$ (6)	$ (2)
Restructuring	2	0
Other costs	0	4
Restructuring and other	$ (4)	$ 2

Restructuring and Other (Compon

Restructuring and Other (Components of Outstanding Restructuring Reserve and Movements) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring Reserve [Roll Forward]
Provision	$ 2	$ 0
2015 European Division Actions [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of period	8
Provision	1
Payments	(5)
Balance at end of period	4
Termination Benefits [Member] | 2015 European Division Actions [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of period	8
Provision	0
Payments	(4)
Balance at end of period	4
Other Exit Costs [Member] | 2015 European Division Actions [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0
Provision	1
Payments	(1)
Balance at end of period	$ 0

Debt (Summary of Outstanding De

Debt (Summary of Outstanding Debt) (Details)	3 Months Ended
	Mar. 31, 2017EUR (€)	Mar. 31, 2017USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)
Debt Instrument [Line Items]
Short-term debt		$ 37,000,000		$ 33,000,000
Principal outstanding
Total long-term debt		5,314,000,000		4,931,000,000
Less: current maturities		(58,000,000)		(162,000,000)
Total long-term debt, less current maturities		5,256,000,000		4,769,000,000
Carrying amount
Total long-term debt		5,263,000,000		4,878,000,000
Less: current maturities		(57,000,000)		(161,000,000)
Total long-term debt, less current maturities		5,206,000,000		4,717,000,000
Senior Secured Borrowings [Member] | U.S. Dollar at LIBOR plus 1.75% due 2018 [Member]
Principal outstanding
Total long-term debt		654,000,000		654,000,000
Carrying amount
Total long-term debt		650,000,000		649,000,000
Senior Secured Borrowings [Member] | Euro at EURIBOR plus 1.75% due 2018 [Member]
Principal outstanding
Total long-term debt		62,000,000		61,000,000
Carrying amount
Total long-term debt		62,000,000		61,000,000
Debt, face amount | €	€ 58,000,000
Senior Secured Borrowings [Member] | Farm Credit Facility at LIBOR Plus 2.00% due 2019 [Member]
Principal outstanding
Total long-term debt		351,000,000		351,000,000
Carrying amount
Total long-term debt		347,000,000		347,000,000
Senior Notes and Debentures [Member] | Euro 4.0% due 2022 [Member]
Principal outstanding
Total long-term debt		694,000,000		684,000,000
Carrying amount
Total long-term debt		$ 686,000,000		676,000,000
Debt instrument stated percentage	4.00%	4.00%
Debt, face amount | €	€ 650,000,000
Senior Notes and Debentures [Member] | U S Dollar 4.50% Due 2023 [Member]
Principal outstanding
Total long-term debt		$ 1,000,000,000		1,000,000,000
Carrying amount
Total long-term debt		$ 991,000,000		991,000,000
Debt instrument stated percentage	4.50%	4.50%
Senior Notes and Debentures [Member] | Euro 2.625% due 2024 [Member]
Principal outstanding
Total long-term debt		$ 641,000,000		631,000,000
Carrying amount
Total long-term debt		$ 634,000,000		$ 623,000,000
Debt instrument stated percentage	2.625%	2.625%	2.625%	2.625%
Debt, face amount | €	€ 600,000,000		€ 600,000,000
Senior Notes and Debentures [Member] | Euro 3.375% due 2025 [Member]
Principal outstanding
Total long-term debt		$ 641,000,000		$ 631,000,000
Carrying amount
Total long-term debt		$ 632,000,000		622,000,000
Debt instrument stated percentage	3.375%	3.375%
Debt, face amount | €	€ 600,000,000
Senior Notes and Debentures [Member] | U S Dollar 4.25% Due 2026 [Member]
Principal outstanding
Total long-term debt		$ 400,000,000		400,000,000
Carrying amount
Total long-term debt		$ 393,000,000		393,000,000
Debt instrument stated percentage	4.25%	4.25%			4.25%
Debt, face amount					$ 400,000,000
Senior Notes and Debentures [Member] | U S Dollar 7.375% Due 2026 Member
Principal outstanding
Total long-term debt		$ 350,000,000		350,000,000
Carrying amount
Total long-term debt		$ 347,000,000		347,000,000
Debt instrument stated percentage	7.375%	7.375%
Senior Notes and Debentures [Member] | U S Dollar 7.50% Due 2096 Member
Principal outstanding
Total long-term debt		$ 45,000,000		45,000,000
Carrying amount
Total long-term debt		$ 45,000,000		45,000,000
Debt instrument stated percentage	7.50%	7.50%
Other Indebtedness, Fixed Rate [Member]
Principal outstanding
Total long-term debt		$ 122,000,000		124,000,000
Carrying amount
Total long-term debt		122,000,000		124,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Principal outstanding
Total long-term debt		354,000,000		0
Carrying amount
Total long-term debt		$ 354,000,000		$ 0
London Interbank Offered Rate (LIBOR) [Member] | Senior Secured Borrowings [Member] | U.S. Dollar at LIBOR plus 1.75% due 2018 [Member]
Carrying amount
Basis spread on variable rate (as a percent)	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Senior Secured Borrowings [Member] | Farm Credit Facility at LIBOR Plus 2.00% due 2019 [Member]
Carrying amount
Basis spread on variable rate (as a percent)	2.00%
EURIBOR [Member] | Senior Secured Borrowings [Member] | Euro at EURIBOR plus 1.75% due 2018 [Member]
Carrying amount
Basis spread on variable rate (as a percent)	1.75%

Debt (Narrative) (Details)

Debt (Narrative) (Details)

1 Months Ended

3 Months Ended

12 Months Ended

Apr. 28, 2017EUR (€)

Feb. 29, 2016USD ($)

Jun. 30, 2017USD ($)

Mar. 31, 2017USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2016USD ($)

Apr. 28, 2017USD ($)

Mar. 31, 2017EUR (€)

Mar. 31, 2017USD ($)

Dec. 31, 2016EUR (€)

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Debt Instrument [Line Items]

Loss from early extinguishments of debt

$ 0

$ 27,000,000

Proceeds from long-term debt

$ 4,000,000

303,000,000

Long-term debt

$ 5,314,000,000

$ 4,931,000,000

Forecast [Member]

Debt Instrument [Line Items]

Loss from early extinguishments of debt

$ 8,000,000

Senior Secured Borrowings [Member] | Term A Facility Due April 2022, LIBOR plus 1.75% [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Debt, face amount

$ 750,000,000

Senior Secured Borrowings [Member] | Term Euro Facility, Due April 2022, LIBOR plus 1.75% [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Debt, face amount | €

€ 275,000,000

Senior Secured Borrowings [Member] | U.S. Dollar at LIBOR plus 1.75% due 2018 [Member]

Debt Instrument [Line Items]

Proceeds from long-term debt

$ 300,000,000

Long-term debt

654,000,000

654,000,000

Senior Secured Borrowings [Member] | Euro at EURIBOR plus 1.75% due 2018 [Member]

Debt Instrument [Line Items]

Debt, face amount | €

€ 58,000,000

Long-term debt

62,000,000

61,000,000

Senior Notes and Debentures [Member] | U.S. Dollar 6.25% due 2021 [Member]

Debt Instrument [Line Items]

Loss from early extinguishments of debt

$ 27,000,000

Long-term debt

$ 700,000,000

Debt instrument stated percentage

6.25%

Senior Notes and Debentures [Member] | Euro 2.625% due 2024 [Member]

Debt Instrument [Line Items]

Debt, face amount | €

€ 600,000,000

€ 600,000,000

Long-term debt

$ 641,000,000

$ 631,000,000

Debt instrument stated percentage

2.625%

2.625%

2.625%

2.625%

Senior Notes and Debentures [Member] | U S Dollar 4.25% Due 2026 [Member]

Debt Instrument [Line Items]

Debt, face amount

$ 400,000,000

Long-term debt

$ 400,000,000

$ 400,000,000

Debt instrument stated percentage

4.25%

4.25%

4.25%

Senior Notes and Debentures [Member] | Euro at EURIBOR plus 1.75% due 2018 [Member]

Debt Instrument [Line Items]

Loss from early extinguishments of debt

$ 37,000,000

Fair Value, Inputs, Level 2 [Member]

Debt Instrument [Line Items]

Long-term debt, fair value

$ 5,451,000,000

5,043,000,000

London Interbank Offered Rate (LIBOR) [Member] | Senior Secured Borrowings [Member] | Term A Facility Due April 2022, LIBOR plus 1.75% [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

1.75%

London Interbank Offered Rate (LIBOR) [Member] | Senior Secured Borrowings [Member] | Term Euro Facility, Due April 2022, LIBOR plus 1.75% [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

1.75%

London Interbank Offered Rate (LIBOR) [Member] | Senior Secured Borrowings [Member] | U.S. Dollar at LIBOR plus 1.75% due 2018 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

1.75%

Revolving Credit Facility [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Long-term debt

$ 354,000,000

$ 0

Revolving Credit Facility [Member] | Line of Credit [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Debt, face amount

$ 1,400,000,000

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Subsequent event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate (as a percent)

1.75%

Asbestos-Related Liabilities (N

Asbestos-Related Liabilities (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)inactive_claim	Dec. 31, 2016
Liability for Asbestos and Environmental Claims [Abstract]
Holding period for insulation operations (in days)	90 days
Liability for asbestos and environmental claims net claims paid	$ 3
Inactive claims (in claims) | inactive_claim	19,000
Accrued asbestos claims and related legal costs	$ 337
Unasserted claims	$ 287
Percentage of claims that do not specify damages		82.00%

Asbestos-Related Liabilities (S

Asbestos-Related Liabilities (Summary of Claims Activity) (Details)	3 Months Ended
	Mar. 31, 2017Claim
Loss Contingency Accrual [Roll Forward]
Beginning claims	55,500
New claims	750
Settlements or dismissals	(250)
Ending claims	56,000

Asbestos-Related Liabilities 56

Asbestos-Related Liabilities (Summary of Outstanding Claims by Year of Exposure and State Filed) (Details) - Claim	Mar. 31, 2017	Dec. 31, 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding	56,000	55,500
Asbestos After 1964 [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		16,000
Texas [Member] | Asbestos Before Or During 1964 [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		13,000
Pennsylvania [Member] | Asbestos Before Or During 1964 [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		2,000
Other States That Have Enacted Asbestos Legislation [Member] | Asbestos Before Or During 1964 [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		6,000
Other States [Member] | Asbestos Before Or During 1964 [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		18,500

Asbestos-Related Liabilities 57

Asbestos-Related Liabilities (Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases) (Details)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims alleging serious diseases	22.00%	22.00%	22.00%
Pre-1964 Claims in States without Asbestos Legislation [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims alleging serious diseases	41.00%	41.00%	41.00%

Commitments and Contingent Li58

Commitments and Contingent Liabilities (Details) $ in Millions	1 Months Ended
	Mar. 31, 2017USD ($)
Property Lease Guarantee [Member]
Commitments And Contingent Liabilities [Line Items]
Guarantees related to residual values of leased assets	$ 20
PRP site [Member]
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	7
Non- PRP sites [Member]
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	7
Penalty Notification Alleging Misclassification of Importation of Certain Goods into U.S. During 2004-2009 [Member] | U.S. Customs and Border Protection (CBP) [Member]
Commitments And Contingent Liabilities [Line Items]
Assessed penalty	18
Penalties paid	$ 1

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to Crown Holdings	$ 107	$ 79
Weighted average shares outstanding:
Basic (in shares)	138.5	138.1
Add: dilutive stock options and restricted stock (in shares)	0.5	0.9
Diluted (in shares)	139	139
Basic earnings per share (in usd per share)	$ 0.77	$ 0.57
Diluted earnings per share (in usd per share)	$ 0.77	$ 0.57
Shares excluded from the computation of diluted earnings per share		0.4

Pension and Other Postretirem60

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension settlement charge	$ 3
Pension Benefits - U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	4	$ 4
Interest cost	12	13
Expected return on plan assets	(21)	(23)
Recognized net loss	13	12
Net periodic cost	8	6
Pension Benefits - Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	6
Interest cost	19	26
Expected return on plan assets	(35)	(41)
Recognized prior service credit	(3)	(3)
Recognized net loss	10	13
Net periodic cost	(3)	1
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0
Interest cost	1	1
Recognized prior service credit	(10)	(10)
Recognized net loss	1	1
Net periodic cost	$ (8)	$ (8)

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Provision for Income Taxes to U.S. Federal Income Tax Rate) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Statutory income tax rate	35.00%	35.00%
U.S. statutory rate at 35%	$ 63	$ 48
Tax on foreign income	(21)	(14)
Tax contingencies	3	0
Valuation allowance	3	2
Other items, net	(2)	2
Income tax provision	$ 46	$ 38

Segment Information (Informatio

Segment Information (Information about Operating Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Total, external sales	$ 1,901	$ 1,893
Segment Income of reportable segments	$ 237	219
Other Segments [Member]
Segment Reporting Information [Line Items]
Segment reporting, description of all other segments	The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its specialty packaging business in Europe and its tooling and equipment operations in the U.S. and U.K.
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	$ 1,787	1,779
Segment Income of reportable segments	258	246
Operating Segments [Member] | Americas Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	674	643
Segment Income of reportable segments	105	104
Operating Segments [Member] | North America Food [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	153	146
Segment Income of reportable segments	16	12
Operating Segments [Member] | European Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	303	315
Segment Income of reportable segments	51	46
Operating Segments [Member] | European Food [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	379	398
Segment Income of reportable segments	47	49
Operating Segments [Member] | Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	278	277
Segment Income of reportable segments	39	35
Segment Reconciling Items [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	114	114
Segment Income of reportable segments	15	13
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	58	56
Intersegment Eliminations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	29	38
Intersegment Eliminations [Member] | Americas Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	6	15
Intersegment Eliminations [Member] | North America Food [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	6	6
Intersegment Eliminations [Member] | European Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	1	1
Intersegment Eliminations [Member] | European Food [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	16	16
Intersegment Eliminations [Member] | Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	0	0
Intersegment Eliminations [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenue from reportable segments	$ 29	$ 18

Segment Information (Reconcilia

Segment Information (Reconciliation of Segment Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	$ 237	$ 219
Restructuring and other	4	(2)
Interest expense	(62)	(64)
Interest income	3	3
Foreign exchange	1	6
Income before income taxes and equity earnings	179	137
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	258	246
Segment Reconciling Items [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Restructuring and other	4	(2)
Loss from early extinguishments of debt	0	(27)
Interest expense	(62)	(64)
Interest income	3	3
Foreign exchange	1	6
Segment Reconciling Items [Member] | Other Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	15	13
Corporate, Non-Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate and unallocated items	$ (40)	$ (38)

Segment Information (Narrative)

Segment Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting [Abstract]
Intercompany profit eliminated	$ 3	$ 1

Condensed Combining Financial65

Condensed Combining Financial Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Long-term Debt, Gross	$ 5,314	$ 4,931
Crown Cork & Seal Company Inc [Member] | U S Dollar 7.375% Due 2026 Member
Senior Notes, Noncurrent	$ 350
Debt instrument stated percentage	7.375%
Crown Cork & Seal Company Inc [Member] | U S Dollar 7.50% Due 2096 Member
Senior Notes, Noncurrent	$ 45
Debt instrument stated percentage	7.50%
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | U S Dollar 4.50% Due 2023 [Member]
Senior Notes, Noncurrent	$ 1,000
Debt instrument stated percentage	4.50%
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | U S Dollar 4.25% Due 2026 [Member]
Senior Notes, Noncurrent	$ 400
Debt instrument stated percentage	4.25%
Issuer [Member] | Crown Cork & Seal Company Inc [Member]
Ownership percentage	100.00%
Issuer [Member] | Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Ownership percentage	100.00%
Guarantor Subsidiaries [Member] | Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Ownership percentage	100.00%

Condensed Combining Financial66

Condensed Combining Financial Information (Condensed Combining Statement of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net sales	$ 1,901	$ 1,893
Cost of products sold, excluding depreciation and amortization	1,519	1,521
Depreciation and amortization	59	60
Selling and administrative expense	90	91
Restructuring and other	(4)	2
Income from operations	237	219
Loss from early extinguishments of debt	0	27
Foreign exchange	(1)	(6)
Income before income taxes	179	137
Provision for income taxes	46	38
Net income	133	99
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	107	79
Comprehensive income	273	123
Comprehensive income attributable to Crown Holdings	246	102
Crown Cork & Seal Company Inc [Member]
Net sales	1,901	1,893
Cost of products sold, excluding depreciation and amortization	1,519	1,521
Depreciation and amortization	59	60
Selling and administrative expense	90	91
Restructuring and other	(4)	2
Income from operations	237	219
Loss from early extinguishments of debt		27
Net interest expense	59	61
Foreign exchange	(1)	(6)
Income before income taxes	179	137
Provision for income taxes	46	38
Equity earnings / (loss) in affiliates	0	0
Net income	133	99
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	107	79
Comprehensive income	273	123
Comprehensive income attributable to noncontrolling interests	(27)	(21)
Comprehensive income attributable to Crown Holdings	246	102
Crown Cork & Seal Company Inc [Member] | Parent [Member]
Selling and administrative expense
Restructuring and other
Equity earnings / (loss) in affiliates	107	79
Net income	107	79
Net income attributable to Crown Holdings	107	79
Comprehensive income	246	102
Comprehensive income attributable to Crown Holdings	246	102
Crown Cork & Seal Company Inc [Member] | Issuer [Member]
Cost of products sold, excluding depreciation and amortization
Selling and administrative expense	2	2
Restructuring and other
Income from operations	(2)	(2)
Loss from early extinguishments of debt
Net interest expense	20	27
Foreign exchange
Income before income taxes	(22)	(29)
Provision for income taxes	(10)	(7)
Equity earnings / (loss) in affiliates	99	77
Net income	87	55
Net income attributable to Crown Holdings	87	55
Comprehensive income	130	145
Comprehensive income attributable to Crown Holdings	130	145
Crown Cork & Seal Company Inc [Member] | Non-Guarantors [Member]
Net sales	1,901	1,893
Cost of products sold, excluding depreciation and amortization	1,519	1,521
Depreciation and amortization	59	60
Selling and administrative expense	88	89
Restructuring and other	(4)	2
Income from operations	239	221
Loss from early extinguishments of debt		27
Net interest expense	39	34
Foreign exchange	(1)	(6)
Income before income taxes	201	166
Provision for income taxes	56	45
Equity earnings / (loss) in affiliates
Net income	145	121
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	119	101
Comprehensive income	285	145
Comprehensive income attributable to noncontrolling interests	(27)	(21)
Comprehensive income attributable to Crown Holdings	258	124
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Net sales	1,901	1,893
Cost of products sold, excluding depreciation and amortization	1,519	1,521
Depreciation and amortization	59	60
Selling and administrative expense	90	91
Restructuring and other	(4)	2
Income from operations	237	219
Loss from early extinguishments of debt		27
Net interest expense	59	61
Foreign exchange	(1)	(6)
Income before income taxes	179	137
Provision for income taxes	46	38
Equity earnings / (loss) in affiliates	0	0
Net income	133	99
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	107	79
Comprehensive income	273	123
Comprehensive income attributable to noncontrolling interests	(27)	(21)
Comprehensive income attributable to Crown Holdings	246	102
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Parent [Member]
Equity earnings / (loss) in affiliates	107	79
Net income	107	79
Net income attributable to Crown Holdings	107	79
Comprehensive income	246	102
Comprehensive income attributable to Crown Holdings	246	102
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Issuer [Member]
Selling and administrative expense	2	3
Restructuring and other
Income from operations	(2)	(3)
Loss from early extinguishments of debt		27
Net interest expense	17	20
Foreign exchange	10	32
Income before income taxes	(29)	(82)
Provision for income taxes	(11)	(31)
Equity earnings / (loss) in affiliates	49	64
Net income	31	13
Net income attributable to Crown Holdings	31	13
Comprehensive income	35	16
Comprehensive income attributable to Crown Holdings	35	16
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Guarantors [Member]
Net sales	445	447
Cost of products sold, excluding depreciation and amortization	361	363
Depreciation and amortization	10	8
Selling and administrative expense	33	35
Restructuring and other	1	4
Income from operations	40	37
Net interest expense	21	22
Technology royalty	(9)	(9)
Income before income taxes	28	24
Provision for income taxes	8	14
Equity earnings / (loss) in affiliates	67	45
Net income	87	55
Net income attributable to Crown Holdings	87	55
Comprehensive income	130	145
Comprehensive income attributable to Crown Holdings	130	145
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Non-Guarantors [Member]
Net sales	1,456	1,446
Cost of products sold, excluding depreciation and amortization	1,158	1,158
Depreciation and amortization	49	52
Selling and administrative expense	55	53
Restructuring and other	(5)	(2)
Income from operations	199	185
Loss from early extinguishments of debt
Net interest expense	21	19
Technology royalty	9	9
Foreign exchange	(1)	(6)
Income before income taxes	170	163
Provision for income taxes	45	44
Net income	125	119
Net income attributable to noncontrolling interests	(26)	(20)
Net income attributable to Crown Holdings	99	99
Comprehensive income	271	172
Comprehensive income attributable to noncontrolling interests	(27)	(21)
Comprehensive income attributable to Crown Holdings	244	151
Eliminations [Member] | Crown Cork & Seal Company Inc [Member]
Equity earnings / (loss) in affiliates	(206)	(156)
Net income	(206)	(156)
Net income attributable to Crown Holdings	(206)	(156)
Comprehensive income	(388)	(269)
Comprehensive income attributable to Crown Holdings	(388)	(269)
Eliminations [Member] | Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Foreign exchange	(10)	(32)
Income before income taxes	10	32
Provision for income taxes	4	11
Equity earnings / (loss) in affiliates	(223)	(188)
Net income	(217)	(167)
Net income attributable to Crown Holdings	(217)	(167)
Comprehensive income	(409)	(312)
Comprehensive income attributable to Crown Holdings	$ (409)	$ (312)

Condensed Combining Financial67

Condensed Combining Financial Information (Condensed Combining Balance Sheet) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Cash and cash equivalents	$ 338	$ 559	$ 257	$ 717
Receivables, net	899	865
Inventories	1,417	1,245
Prepaid expenses and other current assets	234	172
Total current assets	2,888	2,841
Goodwill and intangible assets, net	3,357	3,263
Property, plant and equipment, net	2,898	2,820
Other non-current assets	727	675
Total	9,870	9,599
Short-term debt	37	33
Current maturities of long-term debt	57	161
Accounts payable and accrued liabilities	2,402	2,702
Total current liabilities	2,496	2,896
Long-term debt, excluding current maturities	5,206	4,717
Postretirement and pension liabilities	596	620
Other non-current liabilities	713	698
Commitments and contingent liabilities
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity/(deficit)	543	366
Total equity/(deficit)	859	668	503	385
Total	9,870	9,599
Crown Cork & Seal Company Inc [Member]
Cash and cash equivalents	338	559	257	717
Receivables, net	899	865
Inventories	1,417	1,245
Prepaid expenses and other current assets	234	172
Total current assets	2,888	2,841
Goodwill and intangible assets, net	3,357	3,263
Property, plant and equipment, net	2,898	2,820
Other non-current assets	727	675
Total	9,870	9,599
Short-term debt	37	33
Current maturities of long-term debt	57	161
Accounts payable and accrued liabilities	2,402	2,702
Total current liabilities	2,496	2,896
Long-term debt, excluding current maturities	5,206	4,717
Long-term intercompany debt	0
Postretirement and pension liabilities	596	620
Other non-current liabilities	713	698
Commitments and contingent liabilities
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity/(deficit)	543	366
Total equity/(deficit)	859	668
Total	9,870	9,599
Crown Cork & Seal Company Inc [Member] | Parent [Member]
Cash and cash equivalents	0		0
Prepaid expenses and other current assets	2	1
Total current assets	2	1
Investments	3,103	2,857
Total	3,105	2,858
Accounts payable and accrued liabilities	18	23
Total current liabilities	18	23
Long-term intercompany debt	2,544	2,469
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Crown Holdings shareholders’ equity/(deficit)	543	366
Total equity/(deficit)	543	366
Total	3,105	2,858
Crown Cork & Seal Company Inc [Member] | Issuer [Member]
Cash and cash equivalents	0		0
Receivables, net
Prepaid expenses and other current assets
Investments	3,053	2,915
Other non-current assets	505	447
Total	3,558	3,362
Accounts payable and accrued liabilities	39	40
Total current liabilities	39	40
Long-term debt, excluding current maturities	392	392
Long-term intercompany debt	1,048	978
Other non-current liabilities	355	358
Commitments and contingent liabilities
Crown Holdings shareholders’ equity/(deficit)	1,724	1,594
Total equity/(deficit)	1,724	1,594
Total	3,558	3,362
Crown Cork & Seal Company Inc [Member] | Non-Guarantors [Member]
Cash and cash equivalents	338	559	257	717
Receivables, net	899	865
Inventories	1,417	1,245
Prepaid expenses and other current assets	232	171
Total current assets	2,886	2,840
Intercompany debt receivables	3,592	3,447
Goodwill and intangible assets, net	3,357	3,263
Property, plant and equipment, net	2,898	2,820
Other non-current assets	222	228
Total	12,955	12,598
Short-term debt	37	33
Current maturities of long-term debt	57	161
Accounts payable and accrued liabilities	2,345	2,639
Total current liabilities	2,439	2,833
Long-term debt, excluding current maturities	4,814	4,325
Postretirement and pension liabilities	596	620
Other non-current liabilities	358	340
Commitments and contingent liabilities
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity/(deficit)	4,432	4,178
Total equity/(deficit)	4,748	4,480
Total	12,955	12,598
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Cash and cash equivalents	338	559	257	717
Receivables, net	899	865
Intercompany receivables		0
Inventories	1,417	1,245
Prepaid expenses and other current assets	234	172
Total current assets	2,888	2,841
Intercompany debt receivables		0
Investments		0
Goodwill and intangible assets, net	3,357	3,263
Property, plant and equipment, net	2,898	2,820
Other non-current assets	727	675
Total	9,870	9,599
Short-term debt	37	33
Current maturities of long-term debt	57	161
Accounts payable and accrued liabilities	2,402	2,702
Total current liabilities	2,496	2,896
Long-term debt, excluding current maturities	5,206	4,717
Long-term intercompany debt		0
Postretirement and pension liabilities	596	620
Other non-current liabilities	713	698
Commitments and contingent liabilities
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity/(deficit)	543	366
Total equity/(deficit)	859	668
Total	9,870	9,599
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Parent [Member]
Cash and cash equivalents	0		0
Prepaid expenses and other current assets	2	1
Total current assets	2	1
Investments	3,103	2,857
Total	3,105	2,858
Accounts payable and accrued liabilities	18	23
Total current liabilities	18	23
Long-term intercompany debt	2,544	2,469
Crown Holdings shareholders’ equity/(deficit)	543	366
Total equity/(deficit)	543	366
Total	3,105	2,858
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Issuer [Member]
Cash and cash equivalents	79	83	46	104
Receivables, net		3
Prepaid expenses and other current assets	2	2
Total current assets	81	88
Intercompany debt receivables	2,885	2,703
Investments	2,366	2,319
Property, plant and equipment, net	1	1
Other non-current assets	3	3
Total	5,336	5,114
Current maturities of long-term debt	18	118
Accounts payable and accrued liabilities	15	32
Total current liabilities	33	150
Long-term debt, excluding current maturities	2,565	2,258
Long-term intercompany debt	1,325	1,328
Crown Holdings shareholders’ equity/(deficit)	1,413	1,378
Total equity/(deficit)	1,413	1,378
Total	5,336	5,114
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Guarantors [Member]
Cash and cash equivalents	0
Receivables, net	10	20
Intercompany receivables	32	33
Inventories	386	313
Prepaid expenses and other current assets	23	13
Total current assets	451	379
Intercompany debt receivables	3,346	3,234
Investments	1,058	954
Goodwill and intangible assets, net	468	469
Property, plant and equipment, net	505	496
Other non-current assets	516	464
Total	6,344	5,996
Accounts payable and accrued liabilities	576	577
Intercompany payables	14	6
Total current liabilities	590	583
Long-term debt, excluding current maturities	392	392
Long-term intercompany debt	2,855	2,624
Postretirement and pension liabilities	408	422
Other non-current liabilities	375	381
Crown Holdings shareholders’ equity/(deficit)	1,724	1,594
Total equity/(deficit)	1,724	1,594
Total	6,344	5,996
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Non-Guarantors [Member]
Cash and cash equivalents	259	476	211	$ 613
Receivables, net	889	842
Intercompany receivables	14	6
Inventories	1,031	932
Prepaid expenses and other current assets	207	156
Total current assets	2,400	2,412
Intercompany debt receivables	675	690
Goodwill and intangible assets, net	2,889	2,794
Property, plant and equipment, net	2,392	2,323
Other non-current assets	208	208
Total	8,564	8,427
Short-term debt	37	33
Current maturities of long-term debt	39	43
Accounts payable and accrued liabilities	1,793	2,070
Intercompany payables	32	33
Total current liabilities	1,901	2,179
Long-term debt, excluding current maturities	2,249	2,067
Long-term intercompany debt	182	206
Postretirement and pension liabilities	188	198
Other non-current liabilities	338	317
Noncontrolling interests	316	302
Crown Holdings shareholders’ equity/(deficit)	3,390	3,158
Total equity/(deficit)	3,706	3,460
Total	8,564	8,427
Eliminations [Member] | Crown Cork & Seal Company Inc [Member]
Cash and cash equivalents	0		0
Intercompany debt receivables	(3,592)	(3,447)
Investments	(6,156)	(5,772)
Total	(9,748)	(9,219)
Long-term intercompany debt	(3,592)	(3,447)
Commitments and contingent liabilities
Crown Holdings shareholders’ equity/(deficit)	(6,156)	(5,772)
Total equity/(deficit)	(6,156)	(5,772)
Total	(9,748)	(9,219)
Eliminations [Member] | Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Cash and cash equivalents	0		$ 0
Intercompany receivables	(46)	(39)
Total current assets	(46)	(39)
Intercompany debt receivables	(6,906)	(6,627)
Investments	(6,527)	(6,130)
Total	(13,479)	(12,796)
Intercompany payables	(46)	(39)
Total current liabilities	(46)	(39)
Long-term intercompany debt	(6,906)	(6,627)
Crown Holdings shareholders’ equity/(deficit)	(6,527)	(6,130)
Total equity/(deficit)	(6,527)	(6,130)
Total	$ (13,479)	$ (12,796)

Condensed Combining Financial68

Condensed Combining Financial Information (Condensed Combining Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net cash provided by/(used for) operating activities	$ 320	$ 408
Capital expenditures	(107)	(51)
Proceeds from sale of property, plant and equipment	3	4
Other	0	(1)
Net cash used for investing activities	(104)	(48)
Proceeds from long-term debt	4	303
Payments of long-term debt	(12)	(709)
Net change in revolving credit facility and short-term debt	351	383
Debt issue costs	0	(2)
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	199	(4)
Effect of exchange rate changes on cash and cash equivalents	4	0
Net change in cash and cash equivalents	(221)	(460)
Cash and cash equivalents at beginning of period	559	717
Cash and cash equivalents at end of period	338	257
Crown Cork & Seal Company Inc [Member]
Net cash provided by/(used for) operating activities	320	408
Capital expenditures	(107)	(51)
Proceeds from sale of property, plant and equipment	3	4
Intercompany investing activities		0
Other		(1)
Net cash used for investing activities	(104)	(48)
Proceeds from long-term debt	4	303
Payments of long-term debt	(12)	(709)
Net change in revolving credit facility and short-term debt	351	383
Net change in long-term intercompany balances		0
Debt issue costs		(2)
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Dividends paid	0	0
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	199	(4)
Effect of exchange rate changes on cash and cash equivalents	4
Net change in cash and cash equivalents	(221)	(460)
Cash and cash equivalents at beginning of period	559	717
Cash and cash equivalents at end of period	338	257
Crown Cork & Seal Company Inc [Member] | Parent [Member]
Net cash provided by/(used for) operating activities	9	10
Intercompany investing activities		150
Net cash used for investing activities	0	150
Net change in long-term intercompany balances	135	(137)
Debt issue costs
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Net cash provided by (used for) financing activities	9	(140)
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period	0	0
Crown Cork & Seal Company Inc [Member] | Issuer [Member]
Net cash provided by/(used for) operating activities	14	31
Other
Net change in long-term intercompany balances	14	31
Debt issue costs
Common stock issued
Net cash provided by (used for) financing activities	14	31
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period	0	0
Crown Cork & Seal Company Inc [Member] | Non-Guarantors [Member]
Net cash provided by/(used for) operating activities	293	364
Capital expenditures	(107)	(51)
Proceeds from sale of property, plant and equipment	3	4
Intercompany investing activities
Other		(1)
Net cash used for investing activities	(104)	(48)
Proceeds from long-term debt	4	303
Payments of long-term debt	(12)	(709)
Net change in revolving credit facility and short-term debt	351	383
Net change in long-term intercompany balances	(149)	106
Debt issue costs		(2)
Common stock issued
Common stock repurchased
Dividends paid	(4)	(153)
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	172	(48)
Effect of exchange rate changes on cash and cash equivalents	4
Net change in cash and cash equivalents	(221)	(460)
Cash and cash equivalents at beginning of period	559	717
Cash and cash equivalents at end of period	338	257
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Net cash provided by/(used for) operating activities	320	408
Capital expenditures	(107)	(51)
Proceeds from sale of property, plant and equipment	3	4
Intercompany investing activities		0
Other		(1)
Net cash used for investing activities	(104)	(48)
Proceeds from long-term debt	4	303
Payments of long-term debt	(12)	(709)
Net change in revolving credit facility and short-term debt	351	383
Net change in long-term intercompany balances		0
Debt issue costs		(2)
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Dividends paid	0	0
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	199	(4)
Effect of exchange rate changes on cash and cash equivalents	4
Net change in cash and cash equivalents	(221)	(460)
Cash and cash equivalents at beginning of period	559	717
Cash and cash equivalents at end of period	338	257
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Parent [Member]
Net cash provided by/(used for) operating activities	9	10
Intercompany investing activities		150
Net cash used for investing activities		150
Net change in long-term intercompany balances	135	(137)
Common stock issued	7	1
Common stock repurchased	(133)	(4)
Net cash provided by (used for) financing activities	9	(140)
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at end of period	0	0
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Issuer [Member]
Net cash provided by/(used for) operating activities	24	66
Intercompany investing activities
Proceeds from long-term debt		300
Payments of long-term debt		(700)
Net change in revolving credit facility and short-term debt	205	75
Net change in long-term intercompany balances	(185)	335
Debt issue costs		(2)
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	20	8
Net change in cash and cash equivalents	(4)	(58)
Cash and cash equivalents at beginning of period	83	104
Cash and cash equivalents at end of period	79	46
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Guarantors [Member]
Net cash provided by/(used for) operating activities	69	2
Capital expenditures	(50)	(21)
Proceeds from sale of property, plant and equipment
Intercompany investing activities		150
Other
Net cash used for investing activities	(50)	129
Net change in long-term intercompany balances	119	(127)
Net cash provided by (used for) financing activities	119	(127)
Net change in cash and cash equivalents		0
Cash and cash equivalents at end of period	0
Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member] | Non-Guarantors [Member]
Net cash provided by/(used for) operating activities	208	323
Capital expenditures	(57)	(30)
Proceeds from sale of property, plant and equipment	3	4
Intercompany investing activities
Other		(1)
Net cash used for investing activities	(54)	(27)
Proceeds from long-term debt	4	3
Payments of long-term debt	(12)	(9)
Net change in revolving credit facility and short-term debt	146	308
Net change in long-term intercompany balances	(69)	(71)
Debt issue costs
Dividends paid	(10)	(307)
Dividends paid to noncontrolling interests	(13)	(8)
Foreign exchange derivatives related to debt	(5)	32
Net cash provided by (used for) financing activities	41	(52)
Effect of exchange rate changes on cash and cash equivalents	4	0
Net change in cash and cash equivalents	(217)	(402)
Cash and cash equivalents at beginning of period	476	613
Cash and cash equivalents at end of period	259	211
Eliminations [Member] | Crown Cork & Seal Company Inc [Member]
Net cash provided by/(used for) operating activities	4	3
Intercompany investing activities		(150)
Net cash used for investing activities		(150)
Dividends paid	4	153
Net cash provided by (used for) financing activities	4	153
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period	0	0
Eliminations [Member] | Crown Americas, LLC, Crown Americas Capital Corp. And Crown Americas Capital Corp. II [Member]
Net cash provided by/(used for) operating activities	10	7
Intercompany investing activities		(300)
Net cash used for investing activities		(300)
Dividends paid	10	307
Net cash provided by (used for) financing activities	10	307
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at end of period	$ 0	$ 0