Crown (CCK) 10-Q 2 Aug 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
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		135,186,345

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net sales	$ 3,046	$ 2,161	$ 5,243	$ 4,062
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Depreciation and amortization	113	61	178	120
Selling and administrative expense	159	91	249	181
Restructuring and other	16	18	29	14
Income from operations	292	259	513	484
Other pension and postretirement	(17)	(12)	(34)	(24)
Loss from early extinguishments of debt	0	(7)	0	(7)
Interest expense	103	61	177	123
Interest income	(5)	(3)	(11)	(6)
Foreign exchange	10	5	28	4
Income before income taxes	201	201	353	380
Provision for income taxes	55	53	94	99
Equity earnings / (loss) in affiliates	1	0	1	0
Net income	147	148	260	281
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	$ 132	$ 128	$ 222	$ 235
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 0.99	$ 0.95	$ 1.66	$ 1.72
Diluted (in usd per share)	$ 0.99	$ 0.94	$ 1.66	$ 1.71

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 147	$ 148	$ 260	$ 281
Other comprehensive income, net of tax:
Foreign currency translation adjustments	(144)	99	(62)	209
Pension and other postretirement benefits	11	8	22	17
Derivatives qualifying as hedges	14	(13)	(18)	8
Total other comprehensive (loss) income	(119)	94	(58)	234
Total comprehensive income	28	242	202	515
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Translation adjustments attributable to noncontrolling interests	2	(2)	1	(2)
Derivatives qualifying as hedges attributable to noncontrolling interests	1	1	1	0
Comprehensive income attributable to Crown Holdings	$ 16	$ 221	$ 166	$ 467

Consolidated Balance Sheets (Co

Consolidated Balance Sheets (Condensed) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 298		$ 424	$ 301	$ 559
Receivables, net	1,790	$ 1,195	1,041
Inventories	1,737	1,241	1,385
Prepaid expenses and other current assets	330	250	224
Total current assets	4,155	3,110	3,074
Goodwill	4,443		3,046
Intangible assets, net	2,298		472
Property, plant and equipment, net	3,688		3,239
Other non-current assets	776	833	832
Total	15,360	10,700	10,663
Current liabilities
Short-term debt	31		62
Current maturities of long-term debt	84		64
Accounts payable	2,452		2,367
Accrued liabilities	962	774	757
Total current liabilities	3,529	3,267	3,250
Long-term debt, excluding current maturities	9,236		5,217
Postretirement and pension liabilities	614		588
Other non-current liabilities	844	695	685
Commitments and contingent liabilities
Noncontrolling interests	353	323	322
Crown Holdings shareholders’ equity	784	610	601
Total equity	1,137	933	923	$ 935	$ 668
Total	$ 15,360	$ 10,700	$ 10,663

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Condensed) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net income	$ 260	$ 281
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	178	120
Restructuring and other	29	14
Foreign exchange	28	4
Pension expense	3	11
Pension contributions	(10)	(28)
Stock-based compensation	11	10
Changes in assets and liabilities:
Receivables	(659)	(623)
Inventories	(230)	(184)
Accounts payable and accrued liabilities	(112)	(112)
Other, net	10	32
Net cash used for operating activities	(492)	(475)
Cash flows from investing activities
Capital expenditures	(200)	(200)
Acquisition of business, net of cash acquired	(3,907)	0
Beneficial interests in transferred receivables	335	507
Proceeds from sale of property, plant and equipment	5	5
Foreign exchange derivatives related to acquisitions	(25)	0
Net cash (used for) provided by investing activities	(3,792)	312
Cash flows from financing activities
Proceeds from long-term debt	4,082	1,053
Payments of long-term debt	(37)	(1,103)
Net change in revolving credit facility and short-term debt	201	249
Debt issue costs	(70)	(15)
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Dividends paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,162	(111)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(128)	(263)
Cash, cash equivalents and restricted cash beginning balance	435	576
Cash, cash equivalents and restricted cash ending balance	$ 307	$ 313

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Total Crown Equity	Noncontrolling Interests
Cumulative effect of change in accounting principles	$ 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	235			235			235
Net income attributable to noncontrolling interests	46							46
Net income	281
Other comprehensive income	234				232		232	2
Dividends paid to noncontrolling interests	(37)							(37)
Restricted stock awarded	0		(1)			1
Stock-based compensation	10		10				10
Common stock issued	8		6			2	8
Common stock repurchased	(289)		(262)			(27)	(289)
Balance at end of period at Jun. 30, 2017	935	929	199	2,916	(3,168)	(254)	622	313
Cumulative effect of change in accounting principles	10			6	3		9	1
Balance at beginning of period at Dec. 31, 2017	923	929	167	3,004	(3,241)	(258)	601	322
Net income attributable to Crown Holdings	222			222			222
Net income attributable to noncontrolling interests	38							38
Net income	260
Other comprehensive income	(58)				(56)		(56)	(2)
Dividends paid to noncontrolling interests	(6)							(6)
Restricted stock awarded	0		(5)			5
Stock-based compensation	11		11				11
Common stock issued	1		1				1
Common stock repurchased	(4)		(4)				(4)
Balance at end of period at Jun. 30, 2018	$ 1,137	$ 929	$ 170	$ 3,232	$ (3,294)	$ (253)	$ 784	$ 353

Statement of Information Furnis

Statement of Information Furnished	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and the results of its operations for the three and six months ended June 30, 2018 and 2017 and of its cash flows for the six months ended June 30, 2018 and 2017 . 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, 2017 .

Accounting and Reporting Develo

Accounting and Reporting Developments	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Recently Adopted Accounting Standards Statement of Cash Flows 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 are classified as cash outflows from financing activities. In addition, beneficial interests obtained in a securitization of financial assets are disclosed as a noncash activity and cash receipts from the beneficial interests are classified as cash inflows from investing activities. Under previous guidance, the Company classified cash receipts from beneficial interests in securitized receivables and cash payments resulting from debt prepayment or extinguishment as cash flows from operating activities. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. For the period ended June 30, 2017, the Company reclassified $507 from net cash used for operating activities to net cash provided by investing activities. Additionally, for the six months ended June 30, 2018 and 2017, beneficial interests obtained in securitized receivables were $407 and $538 . In November 2016, new accounting guidance was issued that requires the statement of cash flows to explain the change in the total of cash, cash equivalents and restricted cash. In addition, restricted cash is included in a cash reconciliation of beginning-of-period and end-of-period total amounts shown on the statements of cash flows. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows: June 30, 2018 December 31, 2017 Cash and cash equivalents $ 298 $ 424 Restricted cash included in prepaid expenses and other current assets — 2 Restricted cash included in other non-current assets 9 9 Total cash, cash equivalents and restricted cash $ 307 $ 435 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 301 $ 559 Restricted cash included in prepaid expenses and other current assets 2 8 Restricted cash included in other non-current assets 10 9 Total cash, cash equivalents and restricted cash $ 313 $ 576 Amounts included in restricted cash primarily represent amounts required to be set aside by certain of the Company's receivables securitization agreements. Pension and other postretirement benefit costs 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 is presented with other employee compensation costs within income from operations or capitalized in assets. The other components are reported separately outside of income from operations and are not eligible for capitalization. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. Net benefits of $13 and $25 were reclassified from cost of products sold, excluding depreciation and amortization, to other pension and postretirement on the Company's Consolidated Statement of Operations for the three and six months ended June 30, 2017. Additionally, net charges of $1 were reclassified from selling and administrative expense to other pension and postretirement on the Company's Consolidated Statement of Operations for the three and six months ended June 30, 2017. Revenue recognition In May 2014, the FASB issued new guidance which outlined a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. Under previous guidance, the Company generally recognized revenue upon shipment or delivery. Under the new guidance, revenue is recognized when a customer obtains control of promised goods or services which is either at a point in time or over time. In addition to accelerating the timing of revenue recognition, an unbilled receivable is recognized with an offsetting decrease to inventory. The new guidance is not expected to have a material impact on the Company's annual income from operations but could impact income from operations in certain quarters as the Company may recognize revenue from certain products as it builds inventory in anticipation of seasonal demands. On January 1, 2018, the Company adopted the new revenue standard using the modified retrospective method applied to those contracts which were outstanding as of January 1, 2018. The Company recognized the cumulative effect of initially applying the standard as an adjustment to the opening balance of retained earnings. Results for reporting periods beginning after January 1, 2018 are presented under the new revenue standard, while prior period amounts are not adjusted and continue to be reported in accordance with accounting standards in effect for those periods. The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of January 1, 2018 for the adoption of the new revenue standard was as follows: As reported As revised December 31, January 1, 2017 Adjustment 2018 Receivables, net $ 1,041 $ 154 $ 1,195 Inventories 1,385 (144 ) 1,241 Prepaid and other current assets 224 26 250 Total current assets 3,074 36 3,110 Other non-current assets 832 1 833 Total assets 10,663 37 10,700 Accrued liabilities 757 17 774 Total current liabilities 3,250 17 3,267 Other non-current liabilities 685 10 695 Noncontrolling interests 322 1 323 Accumulated earnings 3,004 9 3,013 Crown Holdings shareholders' equity 601 9 610 Total equity 923 10 933 Total liabilities and equity 10,663 37 10,700 The impact of adoption on the Company’s Consolidated Balance Sheet and Statements of Operations was as follows: As reported Balances June 30 Effects of without adoption Consolidated Balance Sheet 2018 change of new standard Receivables, net $ 1,790 $ (229 ) $ 1,561 Inventories 1,737 197 1,934 Prepaid and other current assets 330 (19 ) 311 Total current assets 4,155 (51 ) 4,104 Other non-current assets 776 2 778 Total assets 15,360 (49 ) 15,311 Accrued liabilities 962 (22 ) 940 Total current liabilities 3,529 (22 ) 3,507 Other non-current liabilities 844 (9 ) 835 Noncontrolling interests 353 (1 ) 352 Accumulated earnings 3,232 (17 ) 3,215 Crown Holdings shareholders' equity 784 (17 ) 767 Total equity 1,137 (18 ) 1,119 Total liabilities and equity 15,360 (49 ) 15,311 As reported For the three months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 3,046 $ 5 $ 3,051 Cost of products sold, excluding depreciation and amortization 2,466 6 2,472 Income from operations 292 (1 ) 291 Foreign exchange 10 (3 ) 7 Income before income taxes 201 2 203 Net income 147 2 149 Net income attributable to Crown Holdings 132 2 134 Earnings per common share attributable to Crown Holdings: Basic $ 0.99 $ 0.01 $ 1.00 Diluted $ 0.99 $ 0.01 $ 1.00 As reported For the six months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 5,243 $ (77 ) $ 5,166 Cost of products sold, excluding depreciation and amortization 4,274 (63 ) 4,211 Income from operations 513 (14 ) 499 Foreign exchange 28 (3 ) 25 Income before taxes 353 (11 ) 342 Provision for income taxes 94 (3 ) 91 Net income 260 (8 ) 252 Net income attributable to Crown Holdings 222 (8 ) 214 Earnings per common share attributable to Crown Holdings: Basic $ 1.66 $ (0.06 ) $ 1.60 Diluted $ 1.66 $ (0.06 ) $ 1.60 Hedge Accounting In August 2017, the FASB issued new guidance on hedge accounting. The new guidance allows contractually-specified price components of a commodity purchase or sale to be eligible for hedge accounting. Additionally, the new standard permits qualitative effectiveness assessments for certain hedges after the initial hedge qualification analysis. The Company adopted this guidance on January 1, 2018 using the modified retrospective approach for hedges of contractually-specified price components of commodity purchases and sales that existed on the adoption date. Upon adoption, the Company reclassified a net charge of $3 for the cumulative ineffectiveness of these contracts from retained earnings to accumulated other comprehensive income as a cumulative-effect adjustment. Intercompany transfers In October 2016, the FASB issued new guidance related to intercompany transfers of assets other than inventory. Under previous guidance, income tax expense associated with intercompany profits in an intercompany sale or transfer of assets was deferred until the assets left the consolidated group. Similarly, deferred tax assets were not recognized for any increase 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 in tax bases when an intercompany sale or transfer occurs. Income tax effects of intercompany inventory transactions continue to be deferred until the assets leave the consolidated group. The guidance was effective for the Company on January 1, 2018 and did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Standards 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 Company will adopt the guidance on a modified retrospective basis on January 1, 2019. The guidance is not expected to have a material impact on the Company's consolidated statement of operations but is expected to have a material impact on its financial position.

Acquisition of Signode (Notes)

Acquisition of Signode (Notes)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisition of Signode On April 3, 2018, the Company completed its acquisition of Signode Industrial Group Holdings (Bermuda) Ltd. (“Signode”), a leading global provider of transit packaging systems and solutions, thereby broadening and diversifying its customer base. The Company paid a purchase price of $3.9 billion. The acquisition was undertaken by a subsidiary of Crown European Holdings S.A. See Note L for further details about the acquisition financing. Additionally, the Company entered into forward contracts to partially mitigate its currency exchange rate risk associated with the dollar denominated cash portion of the purchase price. On March 29, 2018, the Company settled these contracts for a loss of $25 . The following table summarizes the consideration transferred to acquire Signode and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date. Fair value of consideration transferred Cash consideration $ 3,907 Recognized amounts of identifiable assets acquired and liabilities assumed Receivables, net 374 Inventories 303 Prepaid expenses and other current assets 45 Intangible assets, net 1,935 Property, plant and equipment, net 462 Other non-current assets 41 Short-term debt (4 ) Accounts payable (222 ) Accrued liabilities (168 ) Long-term debt (4 ) Postretirement and pension liabilities (51 ) Other non-current liabilities (307 ) Total identifiable net assets $ 2,404 Goodwill $ 1,503 Signode will be reported as the Company's Transit Packaging segment. The acquired goodwill was assigned to this segment and is not expected to be deductible for tax purposes. The acquired property, plant and equipment will be depreciated over the estimated remaining useful lives on a straight-line basis. The acquired intangible assets will be amortized over the estimated remaining useful lives of the intangible assets, primarily on a straight-line basis. Intangible assets acquired and the weighted average remaining useful lives were as follows: Preliminary Fair Value Weighted Average Estimated Useful Life Trade names - Indefinite lived $ 535 Indefinite Trade names - Definite lived 33 8 Technology 166 7 Customer relationships 1,201 12 $ 1,935 The Company has not yet finalized the determination of the fair value of assets acquired and liabilities assumed, including income taxes and contingencies. The Company expects to finalize these amounts within one year of the acquisition date . Signode's results of operations have been included in the Company's financial statements for the period subsequent to the completion of the acquisition on April 3, 2018. Signode contributed sales of $620 and net income attributable to Crown Holdings of $3 for the three and six months ended June 30, 2018. The following unaudited supplemental pro forma data presents consolidated information as if the acquisition had been completed on January 1, 2017. These amounts were calculated after adjusting Signode's results to reflect interest expense incurred on the debt to finance the acquisition, additional depreciation and amortization that would have been charged assuming the fair value of property, plant and equipment and intangible assets had been applied from January 1, 2017 and related transaction costs. These adjustments also include an additional charge of $32 in the six months ended June 30, 2017 for the fair value adjustment related to the sale of inventory acquired. Signode's results include foreign exchange losses related to pre-acquisition intercompany debt arrangements of $15 for the six months ended June 30, 2018 and $21 and $24 for the three and six months ended June 30, 2017. Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Pro forma net sales $ 3,046 $ 2,736 $ 5,831 $ 5,163 Pro forma net income attributable to Crown Holdings 176 117 244 184 Earnings per common share attributable to Crown Holdings: Basic $ 1.32 $ 0.86 $ 1.83 $ 1.34 Diluted $ 1.32 $ 0.86 $ 1.82 $ 1.34 The unaudited supplemental pro forma financial information is based on the Company's preliminary assignment of purchase price and therefore subject to adjustment upon finalizing the purchase price assignment. The pro forma data should not be considered indicative of the results that would have occurred if the acquisition and related financing had been consummated on the assumed completion dates, nor are they indicative of future results.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The majority of the Company’s revenues from metal packaging products are derived from multi-year requirement contracts with leading manufacturers and marketers of packaged consumer products for can sets, comprising a can and an end. As requirement contracts do not typically include fixed volumes, customers often purchase products pursuant to purchase orders or other communications which are short-term in nature. The can and the end are considered separate performance obligations because they are distinct and separately identifiable. Revenues from the Company's transit packaging segment are generally derived from individual purchase orders which may include multiple goods and services which are separate performance obligations because they are distinct and separately identifiable. Revenues are recognized when control of the promised products is transferred to customers. The Company manufactures certain products that have no alternative use to the Company once they are printed or manufactured to customer specifications. If the Company has an enforceable right to payment for custom products at all times in the manufacturing process, revenue is recognized over time. In each of the Company’s geographic markets, revenue from beverage cans is primarily recognized over time using the units produced output method as beverage cans are generally printed for a specific customer in a continuous production process and, therefore, the customer obtains value as each unit is produced. The timing of revenue recognition for the Company’s other products, including beverage ends and three-piece products, which includes food cans and ends and aerosol cans and ends, may vary as these products may be printed or customized depending upon customer preferences which can vary by geographic market. Revenue that is recognized over time for the Company’s three-piece products and equipment business is generally recognized using the cost-to-cost input method as these products involve an intermediary step that results in customized work-in-process inventory. For products that follow a point in time model, revenue is generally recognized when title and risk of loss transfer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Standalone selling prices for each performance obligation are generally stated in the contract. When the Company offers variable consideration in the form of volume rebates to customers, it estimates the most likely amount of revenue to which it is expected to be entitled and includes the estimate in the transaction price, limited to the amount which is probable will not result in reversal of cumulative revenue recognized when the variable consideration is resolved. When the Company offers customers options to purchase additional product at discounted prices, judgment is required to determine if the discounted prices represent material rights. If so, the transaction price allocated to the discount is based on its relative standalone price and is recognized upon purchase of the additional product. Customer payment terms are typically less than one year and as such, the Company has applied the practical expedient to exclude consideration of significant financing components from the determination of transaction price. Taxes collected from customers and remitted to governmental authorities are excluded from net sales. Shipping and handling fees and costs from product sales are reported as cost of products sold and are accrued when the Company recognizes revenue over time before the shipping and handling activities occur. Costs to obtain a contract are generally immaterial but the Company has elected the practical expedient to expense these costs as incurred if the duration of the contract is one year or less. For the three and six months ended June 30, 2018, the Company recognized revenue of $1,507 and $2,935 over time and $1,539 and $2,308 at a point in time. See Note R for further disaggregation of the Company's revenue for the three and six months ended June 30, 2018. The Company has applied the practical expedient to exclude disclosure of remaining performance obligations as its binding orders typically have a term of one year or less. Unbilled Receivables Unbilled receivables are recorded for revenue recognized over time when the Company has determined that control has passed to the customer but the customer has not yet been invoiced because the Company does not have present right to payment. The Company generally has a present right to payment when title of product transfers. Unbilled receivables are reflected in receivables in the Consolidated Balance Sheet with an offsetting decrease to inventory. Contract Assets and Contract Liabilities Contract assets are recorded for revenue recognized over time when the Company has determined that control for a performance obligation has passed to the customer, but the right to invoice the customer is contingent upon the completion of the performance obligations included in the contract. Contract assets are classified as current as they are expected to be invoiced within one year and may not exceed their net realizable value. Contract liabilities are established if the Company must defer the recognition of a portion of consideration received because it has to satisfy a future obligation. Contract liabilities are classified as current or noncurrent based on when the Company expects to recognize revenue. Contract assets are typically recognized for work in process related to the Company's three-piece printed products. The Company's equipment business may record contract assets or contract liabilities depending on the timing of satisfaction of performance obligations and receipt of consideration from the customer. These equipment contracts, including payment terms, are typically less than one year in duration. Contract assets and liabilities are reported in a net position on a contract-by-contract basis. Net contract assets were as follows: June 30, 2018 January 1, 2018 Contract assets included in prepaid and other current assets $ 19 $ 26 Contract liabilities included in accrued liabilities (2 ) (1 ) Contract liabilities included in other non-current liabilities (6 ) (7 ) Net contract asset $ 11 $ 18

Receivables

Receivables	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Receivables	Receivables June 30, 2018 December 31, 2017 Accounts receivable $ 1,396 $ 894 Less: allowance for doubtful accounts (75 ) (71 ) Net trade receivables 1,321 823 Unbilled receivables 229 — Miscellaneous receivables 240 218 Receivables, net $ 1,790 $ 1,041

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
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. June 30, 2018 December 31, 2017 Raw materials and supplies 896 $ 737 Work in process 174 139 Finished goods 667 509 $ 1,737 $ 1,385

Intangible Assets, net (Notes)

Intangible Assets, net (Notes)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Intangible Assets Gross carrying amounts and accumulated amortization of finite-lived intangible assets by major class were as follows: June 30, 2018 December 31, 2017 Gross Accumulated amortization Net Gross Accumulated amortization Net Customer relationships $ 1,623 $ (144 ) $ 1,479 $ 461 $ (108 ) $ 353 Technology 161 (6 ) 155 — — — Long term supply contracts 142 (32 ) 110 143 (27 ) 116 Trade names 32 (1 ) 31 — — — $ 1,958 $ (183 ) $ 1,775 $ 604 $ (135 ) $ 469 The table above excludes indefinite-lived trade names acquired with Signode of $520 at June 30, 2018 and other finite-lived intangible assets with net balances of $3 at both June 30, 2018 and December 31, 2017. See Note C for additional information about the intangible assets acquired with Signode. Total amortization expense of intangible assets was $41 and $52 and $10 and $20 for the three and six months ended June 30, 2018 and 2017.

Restructuring and Other

Restructuring and Other	6 Months Ended
	Jun. 30, 2018
Restructuring Reserve [Abstract]
Restructuring and Other	Restructuring and Other The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Asset impairments and sales $ — $ — $ 7 $ (6 ) Restructuring 3 2 6 4 Transaction costs 19 — 22 — Other costs (6 ) 16 (6 ) 16 $ 16 $ 18 $ 29 $ 14 For the three and six months ended June 30, 2018, transaction costs relate to the Signode acquisition. For the three and six months ended June 30, 2017, other costs included a charge of $16 due to a litigation matter related to Mivisa that arose prior to acquisition by the Company in 2014. The Company recorded a benefit due to favorable settlement of this matter during the three and six months ended June 30, 2018. For the six months ended June 30, 2017, asset impairments and sales included 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 in 2015. At June 30, 2018 , the Company had restructuring accruals of $17 primarily related to the closure of a promotional packaging facility in Europe which was announced in 2017 and prior actions to reduce manufacturing capacity and headcount in its European businesses. The Company expects to pay the majority of this liability over the next twelve months. 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 charges in the future.

Asbestos-Related Liabilities

Asbestos-Related Liabilities	6 Months Ended
	Jun. 30, 2018
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 U.S. 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 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 six months ended June 30, 2018 , the Company paid $4 to settle outstanding claims and had claims activity as follows: Beginning claims 55,500 New claims 1,000 Settlements or dismissals (1,000 ) Ending claims 55,500 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, 2017 , the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,500 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 1,500 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: 2017 2016 2015 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 June 30, 2018 . As of June 30, 2018 , the Company’s accrual for pending and future asbestos-related claims and related legal costs was $ 309 , including $ 259 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 81% of the claims outstanding at the end of 2017 ), 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	6 Months Ended
	Jun. 30, 2018
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 $9 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 German market for the supply of metal packaging products. The Company conducted an internal investigation into the matter and discovered instances of inappropriate conduct by certain employees of German subsidiaries of the Company. The Company cooperated with the FCO and submitted a leniency application with the FCO which disclosed the findings of its internal investigation to date. In April 2018, the FCO discontinued its national investigation and referred the matter to the European Commission (the “Commission”). Following the referral, Commission officials conducted unannounced inspections of the premises of several metal packaging manufacturers, including Company subsidiaries in Germany, France and the United Kingdom. The Commission's investigation is ongoing and, to date, the Commission has not officially charged the Company or any of its subsidiaries with violations of competition law. The Company is cooperating with the Commission and submitted a leniency application with the Commission with respect to the findings of the investigation in Germany referenced above. This application may lead to the reduction of possible future penalties. At this stage of the investigation the Company believes that a loss is probable but is unable to predict the ultimate outcome of the Commission’s investigation and is unable to estimate the loss or possible range of losses that could be incurred, and has therefore not recorded a charge in connection with the actions by the Commission. If the Commission finds that the Company or any of its subsidiaries violated competition law, fines levied by the Commission 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 $8 . The Company has acknowledged to CBP that the goods were misclassified and has paid all related duties. The Company has asserted that the misclassification was unintentional and disputes the penalty assessment. 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 (including in connection with tariffs recently imposed in the U.S., which may increase costs) and has periodically adjusted its selling prices to reflect these movements. There can be no assurance 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 June 30, 2018 , 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.

Derivative and Other Financial

Derivative and Other Financial Instruments	6 Months Ended
	Jun. 30, 2018
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 L 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 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 June 30, 2018 mature between one and twenty-eight 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 the 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 tables set forth financial information about the impact on other comprehensive income ("OCI"), 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 OCI recognized in OCI Three Months Ended Six Months Ended Derivatives in cash flow hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Foreign exchange $ — $ 5 $ (3 ) $ 3 Commodities 22 (8 ) (2 ) 15 $ 22 $ (3 ) $ (5 ) $ 18 Amount of gain/ Amount of gain/ (loss) reclassified from (loss) reclassified from AOCI into income AOCI into income Three Months Ended Six Months Ended Derivatives in cash flow hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Affected line item in the statement of operations Foreign exchange $ (1 ) $ 6 $ (1 ) $ 3 Net sales Commodities (3 ) — (5 ) — Net sales Foreign exchange (1 ) (4 ) (1 ) (3 ) Cost of products sold Commodities 14 11 24 15 Cost of products sold 9 13 17 15 Income before taxes (3 ) (4 ) (5 ) (5 ) Provision for income taxes $ 6 $ 9 $ 12 $ 10 Net Income For the three and six months ended June 30, 2017, the Company recognized a gain of $1 ( less than $1 , net of tax) and a loss of $1 ( $1 , net of tax) in earnings related to hedge ineffectiveness caused by volatility in the metal premium component of aluminum prices. There is no ineffectiveness in the current year as the Company has hedged variability in cash flows for contractually specified components of its aluminum purchases. For the twelve month period ending June 30, 2019, a net gain of $6 ( $5 , net of tax) is expected to be reclassified to earnings. No amounts were reclassified during the six months ended June 30, 2018 and 2017 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. 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 arising from 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. For the three and six months ended June 30, 2018, the Company recorded losses of less than $1 from foreign exchange contracts designated as fair value hedges. For the three and six months ended June 30, 2017, the Company recorded losses of less than $1 from foreign exchange contracts designated as fair value hedges. These adjustments were reported within foreign exchange in the Consolidated Statement of Operations. The following table sets forth the impact on earnings from derivatives not designated as hedges. Pre-tax amount of gain/ Pre-tax amount of gain/ (loss) recognized in income (loss) recognized in income on derivative on derivative Three Months Ended Three Months Ended Six Months Ended Six Months Ended Derivatives not designated as hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Affected line item in the statement of operations Foreign exchange $ 3 $ — $ 3 $ 1 Net sales Foreign exchange (3 ) 2 (2 ) 1 Cost of products sold Foreign exchange (14 ) 18 (9 ) 18 Foreign exchange Commodities — (9 ) — (2 ) Cost of products sold $ (14 ) $ 11 $ (8 ) $ 18 For the three and six months ended June 30, 2017, certain commodity hedges did not meet the criteria for hedge accounting and therefore the changes in their fair value were recognized in earnings. Net Investment Hedges The Company designates certain debt and derivative instruments as net investment hedges to manage foreign currency risk relating to net investments in subsidiaries denominated in foreign currencies and reduce the variability in the functional currency equivalent cash flows. During the three and six months ended June 30, 2018 , the Company recorded a gain of $48 ( $48 , net of tax) and a gain of $13 ( $17 , net of tax) in other comprehensive income for certain debt instruments that are designated as hedges of its net investment in a euro-based subsidiary. For the three and six months ended June 30, 2017, the Company recorded losses of $81 ( $65 , net of tax) and $96 ( $77 , net of tax) in other comprehensive income for these net investment hedges. As of June 30, 2018 and December 31, 2017, cumulative losses of $93 and $106 ( $71 and $88 , net of tax) were recognized in accumulated other comprehensive income related to these net investment hedges. As of June 30, 2018 the carrying amount of the hedged net investment was approximately €1,124 ( $1,311 at June 30, 2018). In January 2018, the Company entered into a series of cross-currency swaps with an aggregate notional of $875 ( €718 ). The swaps are designated as a hedge of net investment for financial reporting purposes. Under the cross-currency interest rate contracts, the Company will receive semi-annual fixed U.S. dollar payments at a rate of 4.75% of the U.S. notional value and pay 2.50% on the euro notional value. Gains or losses on net investment hedges remain in accumulated other comprehensive income until disposal of the underlying assets. The following tables set forth financial information about the impact on OCI from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three Months Ended Three Months Ended Six Months Ended Six Months Ended Derivatives designated as net investment hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Foreign exchange $ 36 $ — $ 8 $ — Gains and losses representing components excluded from the assessment of effectiveness on derivatives designated as net investment hedges are recognized in accumulated other comprehensive income. Fair Values of Derivative Financial Instruments and Valuation Hierarchy The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2018 and December 31, 2017 , respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy. Balance Sheet classification June 30, December 31, 2017 Balance Sheet classification June 30, December 31, 2017 Derivatives designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ 9 $ 5 Accrued liabilities $ 11 $ 6 Other non-current assets 1 — Other non-current liabilities — — Foreign exchange contracts fair value Other current assets 2 1 Accrued liabilities 2 1 Commodities contracts cash flow Other current assets 17 25 Accrued liabilities 10 — Other non-current assets 1 4 Other non-current liabilities — — Net investment hedge Other non-current assets 11 — Other non-current liabilities — — Total derivatives designated as hedging instruments $ 41 $ 35 $ 23 $ 7 Derivatives not designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ — $ 1 Accrued liabilities $ — $ 1 Foreign exchange contracts fair value Other current assets 3 5 Accrued liabilities 2 — Commodities contracts cash flow Other current assets — 22 Accrued liabilities — 15 Total derivatives not designated as hedging instruments $ 3 $ 28 $ 2 $ 16 Total derivatives $ 44 $ 63 $ 25 $ 23 Fair Value Hedge Carrying Amounts Carrying amount of the hedged Line item in the statement of assets/(liabilities) financial position in which the June 30, December 31, hedge item is included Cash and cash equivalents $ 1 $ 1 Receivables, net 20 15 Accrued liabilities (18 ) (12 ) As of June 30, 2018 and December 31, 2017 , the cumulative amounts of fair value hedging adjustment included in the carrying amount of the hedge assets and liabilities were less than $1 . 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 June 30, 2018 Derivative assets $44 $8 $36 Derivative liabilities 25 8 17 Balance at December 31, 2017 Derivative assets 63 17 46 Derivative liabilities 23 17 6 Notional Values of Outstanding Derivative Instruments The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at June 30, 2018 and December 31, 2017 were: June 30, 2018 December 31, 2017 Derivatives in cash flow hedges: Foreign exchange $ 694 $ 864 Commodities 247 276 Derivatives in fair value hedges: Foreign exchange 72 60 Derivatives not designated as hedges: Foreign exchange 742 575 Commodities — 40

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company's outstanding debt was as follows: June 30, 2018 December 31, 2017 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 31 $ 31 $ 62 $ 62 Long-term debt Senior secured borrowings: Revolving credit facilities 344 344 $ 122 $ 122 Term loan facilities U.S. dollar at LIBOR + 1.75% due 2022 826 821 741 735 U.S. dollar at LIBOR + 2.00% due 2027 1,150 1,126 — — Euro at EURIBOR + 1.75% due 2022 1 311 311 324 324 Euro at EURIBOR + 2.375% due 2025 2 875 866 — — Senior notes and debentures: €650 at 4.0% due 2022 758 752 781 774 U. S. dollar at 4.50% due 2023 1,000 992 1,000 992 €335 at 2.250% due 2023 391 386 — — €600 at 2.625% due 2024 700 693 720 713 €600 at 3.375% due 2025 700 693 720 711 U.S. dollar at 4.25% due 2026 400 394 400 393 U.S. dollar at 4.75% due 2026 875 862 — — U.S. dollar at 7.375% due 2026 350 347 350 347 €500 at 2.875% due 2026 583 575 — — U.S. dollar at 7.50% due 2096 40 40 40 40 Other indebtedness in various currencies 87 87 101 101 Capital lease obligations 31 31 29 29 Total long-term debt 9,421 9,320 5,328 5,281 Less current maturities (84 ) (84 ) (64 ) (64 ) Total long-term debt, less current maturities $ 9,337 $ 9,236 $ 5,264 $ 5,217 (1) €266 and €270 at June 30, 2018 and December 31, 2017 (2) €750 at June 30, 2018 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 $9,368 at June 30, 2018 and $5,562 at December 31, 2017 . In January 2018, the Company amended its revolving credit agreements, effective as of April 2018, to provide capacity of $1,650 under the revolving credit facility upon completion of the Signode acquisition, increase total leverage ratios and extend the timetable for compliance with total leverage ratios. In January 2018, the Company issued $875 principal amount of 4.750% senior unsecured notes due 2026. The notes were issued at par by Crown Americas LLC, a subsidiary of the Company, and are unconditionally guaranteed by the Company and certain of its subsidiaries. In January 2018, the Company also issued €500 ( $583 at June 30, 2018) principal amount of 2.875% senior unsecured notes due 2026 and €335 ( $391 at June 30, 2018) principal amount of 2.25% senior unsecured notes due 2023. The notes were issued at par by Crown European Holdings S.A., a subsidiary of the Company and are unconditionally guaranteed by the Company and certain of its subsidiaries. In April 2018, the Company borrowed $100 Term A loans and $1,150 Term B loans under its U.S. dollar term loan facility and €750 ( $875 at June 30, 2018) additional Term B loans under its European term loan facility. The Term B loans mature on April 3, 2025 and interest rates are based on LIBOR or EURIBOR plus a margin of 1.00% up to 2.375% .

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [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 and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30 June 30 Pension benefits – U.S. plans 2018 2017 2018 2017 Service cost $ 5 $ 4 $ 9 $ 7 Interest cost 11 13 23 25 Expected return on plan assets (21 ) (21 ) (42 ) (41 ) Recognized net loss 12 13 24 26 Net periodic cost $ 7 $ 9 $ 14 $ 17 Three Months Ended Six Months Ended June 30 June 30 Pension benefits – Non-U.S. plans 2018 2017 2018 2017 Service cost $ 7 $ 6 $ 14 $ 12 Interest cost 20 19 39 38 Expected return on plan assets (40 ) (36 ) (80 ) (71 ) Recognized prior service credit (3 ) (3 ) (6 ) (6 ) Recognized net loss 11 11 22 21 Net periodic benefit $ (5 ) $ (3 ) $ (11 ) $ (6 ) Three Months Ended Six Months Ended June 30 June 30 Other postretirement benefits 2018 2017 2018 2017 Service cost $ — $ — $ — $ — Interest cost 1 1 2 2 Recognized prior service credit (10 ) (10 ) (19 ) (20 ) Recognized net loss 1 1 2 2 Net periodic benefit $ (8 ) $ (8 ) $ (15 ) $ (16 ) The components of net periodic cost / (benefit) other than the service cost component are included in other pension and postretirement in the Consolidated Statement of Operations. The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Six Months Ended Details about accumulated other June 30 June 30 Affected line item in the comprehensive income components 2018 2017 2018 2017 statement of operations Actuarial losses $ 24 $ 25 $ 48 $ 49 Other pension and postretirement Prior service credit (13 ) (13 ) (25 ) (26 ) Other pension and postretirement 11 12 23 23 Income before taxes — (4 ) (1 ) (6 ) Provision for income taxes $ 11 $ 8 $ 22 $ 17 Net income

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's accounting for the Tax Cuts and Jobs Act (H.R. 1), (the "Tax Act") is provisional. As of December 31, 2017, the Company recorded a gross provisional obligation of $113 for the one-time tax imposed on the unremitted earnings of non-U.S. subsidiaries. The Company expects to be able to use foreign tax credit carryforwards to satisfy this obligation. The Company has not completed its assessment of the impact of the Tax Act on state taxable income and any related state tax loss carryforwards but does not expect the Tax Act to have a material impact on related valuation allowances. The Company has not made any additional measurement-period adjustments related to these items during the six months ended June 30, 2018. The Company continues to review the technical interpretations of the Tax Act and other applicable laws, monitor legislative changes, review U.S. state guidance as issued and obtain the information necessary to complete the calculation of the obligation and expects to complete its analysis during the fourth quarter of 2018.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2018
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, 2017 $ (1,524 ) $ (1,879 ) $ 3 $ (3,400 ) Other comprehensive income before reclassifications 207 18 225 Amounts reclassified from accumulated other comprehensive income 17 (10 ) 7 Other comprehensive income 17 207 8 232 Balance at June 30, 2017 $ (1,507 ) $ (1,672 ) $ 11 $ (3,168 ) Balance at January 1, 2018 $ (1,583 ) $ (1,681 ) $ 23 $ (3,241 ) Cumulative effect of change in accounting principle 3 3 Other comprehensive income before reclassifications (61 ) (5 ) (66 ) Amounts reclassified from accumulated other comprehensive income 22 (12 ) 10 Other comprehensive income (loss) 22 (61 ) (14 ) (53 ) Balance at June 30, 2018 $ (1,561 ) $ (1,742 ) $ 9 $ (3,294 ) See Note K and Note M for further details of amounts reclassified from accumulated other comprehensive income related to cash flow hedges and defined benefit plans.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation A summary of restricted stock transactions during the six months ended June 30, 2018 is as follows: Number of shares Non-vested stock awards outstanding at January 1, 2018 1,053,842 Awarded: Time-vesting shares 1,493,093 Performance-based shares 142,154 Released: Time-vesting shares (353,555 ) Performance-based shares — Forfeitures: Time-vesting shares (7,300 ) Performance-based shares (159,738 ) Non-vested stock awards outstanding at June 30, 2018 2,168,496 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 are 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 are settled in stock. The time-vesting restricted and deferred stock awards vest ratably over three to five years. The weighted average grant-date fair values of awards issued during the six months ended June 30, 2018 were $44.51 for the time-vesting stock awards and $58.77 for the performance-based stock awards. The fair value of the performance-based shares subject to a market condition awarded in 2018 was calculated using a Monte Carlo valuation model, including a weighted average stock price volatility of 19.9% , an expected term of three years, and a weighted average risk-free interest rate of 2.01% . As of June 30, 2018 , unrecognized compensation cost related to outstanding non-vested stock awards was $75 . The weighted average period over which the expense is expected to be recognized is 3.9 years. The aggregate market value of the shares released on the vesting dates was $16 for the six months ended June 30, 2018.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
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 Six Months Ended June 30 June 30 2018 2017 2018 2017 Net income attributable to Crown Holdings $ 132 $ 128 $ 222 $ 235 Weighted average shares outstanding: Basic 133.6 135.3 133.5 136.9 Dilutive stock options and restricted stock 0.2 0.4 0.3 0.5 Diluted 133.8 135.7 133.8 137.4 Basic earnings per share $ 0.99 $ 0.95 $ 1.66 $ 1.72 Diluted earnings per share $ 0.99 $ 0.94 $ 1.66 $ 1.71 For the three and six months ended June 30, 2018 , 0.3 million and 0.5 million contingently issuable common shares were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive. For the three and six months ended June 30, 2017, less than 0.1 million contingently issuable common shares were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. Previously, the Company defined segment income as income from operations adjusted to exclude 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. During the first quarter of 2018, the Company revised its definition of segment income to also exclude intangibles amortization charges. Prior period segment income amounts below have been recast to conform to current year presentation of intangible amortization charges and the new guidance related to presentation of pension and other postretirement benefit costs discussed in Note B . 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 External Sales Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 848 $ 729 $ 1,606 $ 1,403 European Beverage 405 402 776 705 European Food 514 459 942 838 Asia Pacific 332 287 669 565 Transit Packaging 620 — 620 — Total reportable segments 2,719 1,877 4,613 3,511 Non-reportable segments 327 284 630 551 Total $ 3,046 $ 2,161 $ 5,243 $ 4,062 The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its food can business in North America, its promotional packaging business in Europe and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Intersegment Sales Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 25 $ 17 $ 35 $ 23 European Beverage 1 — 1 1 European Food 21 19 43 35 Transit Packaging 1 — 1 — Total reportable segments 48 36 80 59 Non-reportable segments 46 27 73 62 Total $ 94 $ 63 $ 153 $ 121 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 Segment Income Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 113 $ 109 $ 211 $ 213 European Beverage 59 71 114 121 European Food 85 71 141 122 Asia Pacific 47 45 91 84 Transit Packaging 94 — 94 — Total reportable segments $ 398 $ 296 $ 651 $ 540 A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Segment income of reportable segments $ 398 $ 296 $ 651 $ 540 Segment income of non-reportable segments 31 34 62 62 Corporate and unallocated items (40 ) (35 ) (79 ) (81 ) Restructuring and other (16 ) (18 ) (29 ) (14 ) Amortization of intangibles (41 ) (10 ) (52 ) (20 ) Fair value adjustment to inventory (40 ) — (40 ) — Other pension and postretirement 17 12 34 24 Loss from early extinguishments of debt — (7 ) — (7 ) Impact of hedge ineffectiveness — (8 ) — (3 ) Interest expense (103 ) (61 ) (177 ) (123 ) Interest income 5 3 11 6 Foreign exchange (10 ) (5 ) (28 ) (4 ) Income before income taxes $ 201 $ 201 $ 353 $ 380 For the three and six months ended June 30, 2018, intercompany profits of $3 and $4 were eliminated within segment income of non-reportable segments. For the three and six months ended June 30, 2017, intercompany profits of $1 and $4 were eliminated within segment income of non-reportable segments. Corporate and unallocated items includes corporate and division administrative costs, technology 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	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information 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 $40 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. As discussed in Note C , the Company completed its acquisition of Signode on April 3, 2018. Signode is not a guarantor of the debt described above and is included in the Non-Guarantors column of the following financial statements. The following condensed combining financial statements: • statements of comprehensive income for the three and six months ended June 30, 2018 and 2017 , • balance sheets as of June 30, 2018 and December 31, 2017 , and • statements of cash flows for the six months ended June 30, 2018 and 2017 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 June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 3,046 $ 3,046 Cost of products sold, excluding depreciation and amortization 2,466 2,466 Depreciation and amortization 113 113 Selling and administrative expense $ 3 156 159 Restructuring and other $ 9 7 16 Income from operations (9 ) (3 ) 304 292 Other pension and postretirement (17 ) (17 ) Net interest expense 19 79 98 Foreign exchange 10 10 Income/(loss) before income taxes (9 ) (22 ) 232 201 Provision for / (benefit from) income taxes (2 ) (5 ) 62 55 Equity earnings / (loss) in affiliates 139 131 1 $ (270 ) 1 Net income 132 114 171 (270 ) 147 Net income attributable to noncontrolling interests (15 ) (15 ) Net income attributable to Crown Holdings $ 132 $ 114 $ 156 $ (270 ) $ 132 Total comprehensive income $ 16 $ 115 $ 52 $ (155 ) $ 28 Comprehensive income attributable to noncontrolling interests (12 ) (12 ) Comprehensive income attributable to Crown Holdings $ 16 $ 115 $ 40 $ (155 ) $ 16 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 2,161 $ 2,161 Cost of products sold, excluding depreciation and amortization 1,732 1,732 Depreciation and amortization 61 61 Selling and administrative expense $ 2 89 91 Restructuring and other (1 ) 19 18 Income from operations (1 ) 260 259 Other pension and postretirement (12 ) (12 ) Loss from early extinguishment of debt 7 7 Net interest expense 26 32 58 Foreign exchange 5 5 Income/(loss) before income taxes (27 ) 228 201 Provision for / (benefit from) income taxes (8 ) 61 53 Equity earnings / (loss) in affiliates $ 128 130 $ (258 ) — Net income 128 111 167 (258 ) 148 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 128 $ 111 $ 147 $ (258 ) $ 128 Total comprehensive income $ 221 $ 115 $ 261 $ (355 ) $ 242 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 221 $ 115 $ 240 $ (355 ) $ 221 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2018 (in millions) Parent Issuer Non- Eliminations Total Net sales $ 5,243 $ 5,243 Cost of products sold, excluding depreciation and amortization 4,274 4,274 Depreciation and amortization 178 178 Selling and administrative expense $ 5 244 249 Restructuring and other $ 9 20 29 Income from operations (9 ) (5 ) 527 513 Other pension of postretirement (34 ) (34 ) Net interest expense 38 128 166 Foreign exchange 28 28 Income/(loss) before income taxes (9 ) (43 ) 405 353 Provision for / (benefit from) income taxes (2 ) (9 ) 105 94 Equity earnings / (loss) in affiliates 229 226 1 $ (455 ) 1 Net income 222 192 301 (455 ) 260 Net income attributable to noncontrolling interests (38 ) (38 ) Net income attributable to Crown Holdings $ 222 $ 192 $ 263 $ (455 ) $ 222 Total comprehensive income $ 166 $ 162 $ 243 $ (369 ) $ 202 Comprehensive income attributable to noncontrolling interests (36 ) (36 ) Comprehensive income attributable to Crown Holdings $ 166 $ 162 $ 207 $ (369 ) $ 166 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2017 (in millions) Parent Issuer Non- Eliminations Total Net sales $ 4,062 $ 4,062 Cost of products sold, excluding depreciation and amortization 3,263 3,263 Depreciation and amortization 120 120 Selling and administrative expense $ 4 177 181 Restructuring and other (1 ) 15 14 Income from operations (3 ) 487 484 Other pension and postretirement (24 ) (24 ) Loss from early extinguishment of debt 7 7 Net interest expense 46 71 117 Foreign exchange 4 4 Income/(loss) before income taxes (49 ) 429 380 Provision for / (benefit from) income taxes (18 ) 117 99 Equity earnings / (loss) in affiliates $ 235 229 $ (464 ) — Net income 235 198 312 (464 ) 281 Net income attributable to noncontrolling interests (46 ) (46 ) Net income attributable to Crown Holdings $ 235 $ 198 $ 266 $ (464 ) $ 235 Total comprehensive Income $ 467 $ 245 $ 546 $ (743 ) $ 515 Comprehensive income attributable to noncontrolling interests (48 ) (48 ) Comprehensive income attributable to Crown Holdings $ 467 $ 245 $ 498 $ (743 ) $ 467 CONDENSED COMBINING BALANCE SHEET As of June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 298 $ 298 Receivables, net $ 9 1,781 1,790 Inventories 1,737 1,737 Prepaid expenses and other current assets $ 2 328 330 Total current assets 2 9 4,144 4,155 Intercompany debt receivables 3,556 $ (3,556 ) — Investments 3,320 3,649 (6,969 ) — Goodwill 4,443 4,443 Intangible assets, net 2,298 2,298 Property, plant and equipment, net 3,688 3,688 Other non-current assets 163 613 776 Total $ 3,322 $ 3,821 $ 18,742 $ (10,525 ) $ 15,360 Liabilities and equity Current liabilities Short-term debt $ 31 $ 31 Current maturities of long-term debt 84 84 Accounts payable 2,452 2,452 Accrued liabilities $ 14 $ 32 916 962 Total current liabilities 14 32 3,483 3,529 Long-term debt, excluding current maturities 387 8,849 9,236 Long-term intercompany debt 2,524 1,032 $ (3,556 ) — Postretirement and pension liabilities 614 614 Other non-current liabilities 332 512 844 Commitments and contingent liabilities Noncontrolling interests 353 353 Crown Holdings shareholders’ equity/(deficit) 784 2,038 4,931 (6,969 ) 784 Total equity/(deficit) 784 2,038 5,284 (6,969 ) 1,137 Total $ 3,322 $ 3,821 $ 18,742 $ (10,525 ) $ 15,360 CONDENSED COMBINING BALANCE SHEET As of December 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 424 $ 424 Receivables, net $ 9 1,032 1,041 Inventories 1,385 1,385 Prepaid expenses and other current assets 224 224 Total current assets — 9 3,065 3,074 Intercompany debt receivables 3,604 $ (3,604 ) — Investments $ 3,120 $ 3,448 (6,568 ) — Goodwill 3,046 3,046 Intangible assets, net 472 472 Property, plant and equipment, net 3,239 3,239 Other non-current assets 283 549 832 Total $ 3,120 $ 3,740 $ 13,975 $ (10,172 ) $ 10,663 Liabilities and equity Current liabilities Short-term debt $ 62 $ 62 Current maturities of long-term debt 64 64 Accounts payable 2,367 2,367 Accrued liabilities $ 22 $ 41 694 757 Total current liabilities 22 41 3,187 3,250 Long-term debt, excluding current maturities 387 4,830 5,217 Long-term intercompany debt 2,497 1,107 $ (3,604 ) — Postretirement and pension liabilities 588 588 Other non-current liabilities 336 349 685 Commitments and contingent liabilities Noncontrolling interests 322 322 Crown Holdings shareholders’ equity/(deficit) 601 1,869 4,699 (6,568 ) 601 Total equity/(deficit) 601 1,869 5,021 (6,568 ) 923 Total $ 3,120 $ 3,740 $ 13,975 $ (10,172 ) $ 10,663 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (24 ) $ (44 ) $ (423 ) $ (1 ) $ (492 ) Cash flows from investing activities Capital expenditures (200 ) (200 ) Beneficial interests in transferred receivables 335 335 Acquisition of businesses, net of cash acquired (3,907 ) (3,907 ) Proceeds from sale of property, plant and equipment 5 5 Other (25 ) (25 ) Net cash provided by/(used for) investing activities — (3,792 ) — (3,792 ) Cash flows from financing activities Proceeds from long-term debt 4,082 4,082 Payments of long-term debt (37 ) (37 ) Net change in revolving credit facility and short-term debt 201 201 Net change in long-term intercompany balances 27 44 (71 ) — Debt issue costs (70 ) (70 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (1 ) 1 — Dividend paid to noncontrolling interests (6 ) (6 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 24 44 4,093 1 4,162 Effect of exchange rate changes on cash, cash equivalents and restricted cash (6 ) (6 ) Net change in cash, cash equivalents and restricted cash — — (128 ) — (128 ) Cash, cash equivalents and restricted cash at January 1 435 435 Cash, cash equivalents and restricted cash at June 30 $ — $ — $ 307 $ — $ 307 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (13 ) $ (41 ) $ (413 ) $ (8 ) $ (475 ) Cash flows from investing activities Capital expenditures (200 ) (200 ) Beneficial interests in transferred receivables 507 507 Proceeds from sale of property, plant and equipment 5 5 Intercompany investing activities 235 (235 ) — Net cash provided by/(used for) investing activities 235 312 (235 ) 312 Cash flows from financing activities Proceeds from long-term debt 1,053 1,053 Payments of long-term debt (1,103 ) (1,103 ) Net change in revolving credit facility and short-term debt 249 249 Net change in long-term intercompany balances 47 41 (88 ) — Debt issue costs (15 ) (15 ) Common stock issued 8 8 Common stock repurchased (277 ) (277 ) Dividends paid (243 ) 243 — Dividend paid to noncontrolling interests (37 ) (37 ) Foreign exchange derivatives related to debt 11 11 Net cash provided by/(used for) financing activities (222 ) 41 (173 ) 243 (111 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 11 Net change in cash, cash equivalents and restricted cash — — (263 ) — (263 ) Cash, cash equivalents and restricted cash at January 1 576 576 Cash, cash equivalents and restricted cash at June 30 $ — $ — $ 313 $ — $ 313 Crown Americas, LLC, Crown Americas Capital Corp. IV, Crown Americas Capital Corp. V and Crown Americas Capital Corp. VI (collectively, the Issuer), 100% owned subsidiaries of the Company, have outstanding $1,000 principal amount of 4.5% senior notes due 2023, $400 principal amount of 4.25% senior notes due 2026, and $875 principal amount of 4.75% 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. As discussed in Note C , the Company completed its acquisition of Signode on April 3, 2018. Signode's operating subsidiaries in the United States are guarantors of the debt described above and are included in the Guarantors column of the following financial statements. The following condensed combining financial statements: • statements of comprehensive income for the three and six months ended June 30, 2018 and 2017 , • balance sheets as of June 30, 2018 and December 31, 2017 , and • statements of cash flows for the six months ended June 30, 2018 and 2017 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 June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 975 $ 2,224 (153 ) $ 3,046 Cost of products sold, excluding depreciation and amortization 834 1,785 (153 ) 2,466 Depreciation and amortization 32 81 113 Selling and administrative expense $ 3 63 93 159 Restructuring and other $ 9 3 4 16 Income from operations (9 ) (3 ) 43 261 292 Other pension and postretirement (6 ) (11 ) (17 ) Net interest expense 22 33 43 98 Technology royalty (12 ) 12 — Foreign exchange (49 ) 11 $ 48 10 Income/(loss) before income taxes (9 ) 24 28 206 (48 ) 201 Provision for / (benefit from) income taxes (2 ) 6 8 54 (11 ) 55 Equity earnings / (loss) in affiliates 139 46 94 (278 ) 1 Net income 132 64 114 152 (315 ) 147 Net income attributable to noncontrolling interests (15 ) (15 ) Net income attributable to Crown Holdings $ 132 $ 64 $ 114 $ 137 $ (315 ) $ 132 Total comprehensive income $ 16 $ 69 $ 115 $ (9 ) $ (163 ) $ 28 Comprehensive income attributable to noncontrolling interests (12 ) (12 ) Comprehensive income attributable to Crown Holdings $ 16 $ 69 $ 115 $ (21 ) $ (163 ) $ 16 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 583 $ 1,661 (83 ) $ 2,161 Cost of products sold, excluding depreciation and amortization 501 1,314 (83 ) 1,732 Depreciation and amortization 10 51 61 Selling and administrative expense $ 3 35 53 91 Restructuring and other 1 17 18 Income from operations (3 ) 36 226 259 Other pension and postretirement (10 ) (2 ) (12 ) Loss from early extinguishment of debt 6 1 7 Net interest expense 16 23 19 58 Technology royalty (9 ) 9 — Foreign exchange 45 (1 ) 6 $ (45 ) 5 Income/(loss) before income taxes (70 ) 33 193 45 201 Provision for / (benefit from) income taxes (27 ) 12 53 15 53 Equity earnings / (loss) in affiliates $ 128 51 90 (269 ) — Net income 128 8 111 140 (239 ) 148 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 128 $ 8 $ 111 $ 120 $ (239 ) $ 128 Total comprehensive income $ 221 $ 11 $ 115 $ 271 $ (376 ) $ 242 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 221 $ 11 $ 115 $ 250 $ (376 ) $ 221 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2018 (in millions) Parent Issuer Guarantors Non- Eliminations Total Net sales $ 1,577 $ 3,916 (250 ) 5,243 Cost of products sold, excluding depreciation and amortization 1,354 3,170 (250 ) 4,274 Depreciation and amortization 43 135 178 Selling and administrative expense $ 5 96 148 249 Restructuring and other $ 9 3 5 12 29 Income from operations (9 ) (8 ) 79 451 513 Other pension and postretirement (11 ) (23 ) (34 ) Net interest expense 45 54 67 166 Technology royalty (23 ) 23 — Foreign exchange 7 (1 ) 30 $ (8 ) 28 Income/(loss) before income taxes (9 ) (60 ) 60 354 8 353 Provision for / (benefit from) income taxes (2 ) (14 ) 17 91 2 94 Equity earnings / (loss) in affiliates 229 102 149 (479 ) 1 Net income 222 56 192 263 (473 ) 260 Net income attributable to noncontrolling interests (38 ) (38 ) Net income attributable to Crown Holdings 222 56 192 225 (473 ) 222 Total comprehensive Income $ 166 $ 62 $ 162 $ 205 $ (393 ) $ 202 Comprehensive income attributable to noncontrolling interests (36 ) (36 ) Comprehensive income attributable to Crown Holdings $ 166 $ 62 $ 162 $ 169 $ (393 ) $ 166 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Eliminations Total Net sales $ 1,132 $ 3,127 (197 ) $ 4,062 Cost of products sold, excluding depreciation and amortization 976 2,484 (197 ) 3,263 Depreciation and amortization 20 100 120 Selling and administrative expense $ 5 68 108 181 Restructuring and other 2 12 14 Income from operations (5 ) 66 423 484 Other pension and postretirement (20 ) (4 ) (24 ) Loss from early extinguishment of debt 6 1 7 Net interest expense 33 44 40 117 Technology royalty (18 ) 18 — Foreign exchange 55 (1 ) 5 $ (55 ) 4 Income/(loss) before income taxes (99 ) 61 363 55 380 Provision for / (benefit from) income taxes (38 ) 20 98 19 99 Equity earnings / (loss) in affiliates $ 235 100 157 (492 ) — Net income 235 39 198 265 (456 ) 281 Net income attributable to noncontrolling interests (46 ) (46 ) Net income attributable to Crown Holdings $ 235 $ 39 $ 198 $ 219 $ (456 ) $ 235 Total comprehensive income $ 467 $ 46 $ 245 $ 542 $ (785 ) $ 515 Comprehensive income attributable to noncontrolling interests (48 ) (48 ) Comprehensive income attributable to Crown Holdings $ 467 $ 46 $ 245 $ 494 $ (785 ) $ 467 CONDENSED COMBINING BALANCE SHEET As of June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 18 $ 1 $ 279 $ 298 Receivables, net 9 195 1,586 1,790 Intercompany receivables 45 21 $ (66 ) — Inventories 461 1,276 1,737 Prepaid expenses and other current assets $ 2 1 19 308 330 Total current assets 2 28 721 3,470 (66 ) 4,155 Intercompany debt receivables 2,802 3,765 65 (6,632 ) — Investments 3,320 2,667 480 (6,467 ) — Goodwill 1,179 3,264 4,443 Intangible assets, net 938 1,360 2,298 Property, plant and equipment, net 1 711 2,976 3,688 Other non-current assets 26 207 543 776 Total $ 3,322 $ 5,524 $ 8,001 $ 11,678 $ (13,165 ) $ 15,360 Liabilities and equity Current liabilities Short-term debt $ 31 $ 31 Current maturities of long-term debt $ 27 $ 14 43 84 Accounts payable 48 630 1,774 2,452 Accrued liabilities $ 14 200 748 962 Intercompany payables 21 45 $ (66 ) — Total current liabilities 14 75 865 2,641 (66 ) 3,529 Long-term debt, excluding current maturities 3,177 1,544 4,515 9,236 Long-term intercompany debt 2,524 717 2,867 524 (6,632 ) — Postretirement and pension liabilities 349 265 614 Other non-current liabilities 338 506 844 Commitments and contingent liabilities Noncontrolling interests 353 353 Crown Holdings shareholders’ equity/(deficit) 784 1,555 2,038 2,874 (6,467 ) 784 Total equity/(deficit) 784 1,555 2,038 3,227 (6,467 ) 1,137 Total $ 3,322 $ 5,524 $ 8,001 $ 11,678 $ (13,165 ) $ 15,360 CONDENSED COMBINING BALANCE SHEET As of December 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 36 $ 3 $ 385 $ 424 Receivables, net 29 1,012 1,041 Intercompany receivables 32 13 $ (45 ) — Inventories 347 1,038 1,385 Prepaid expenses and other current assets 2 17 205 224 Total current assets — 38 428 2,653 (45 ) 3,074 Intercompany debt receivables 2,523 3,325 732 (6,580 ) — Investments $ 3,120 2,479 1,032 (6,631 ) — Goodwill 453 2,593 3,046 Intangible assets, net 13 459 472 Property, plant and equipment, net 1 515 2,723 3,239 Other non-current assets 11 311 510 832 Total $ 3,120 $ 5,052 $ 6,077 $ 9,670 $ (13,256 ) $ 10,663 Liabilities and equity Current liabilities Short-term debt $ 62 $ 62 Current maturities of long-term debt $ 23 $ 3 38 64 Accounts payable 547 1,820 2,367 Accrued liabilities $ 22 31 72 632 757 Intercompany payables 13 32 $ (45 ) — Total current liabilities 22 54 635 2,584 (45 ) 3,250 Long-term debt, excluding current maturities 2,094 408 2,715 5,217 Long-term intercompany debt 2,497 1,411 2,454 218 (6,580 ) — Postretirement and pension liabilities 373 215 588 Other non-current liabilities 338 347 685 Commitments and contingent liabilities Noncontrolling interests 322 322 Crown Holdings shareholders’ equity/(deficit) 601 1,493 1,869 3,269 (6,631 ) 601 Total equity/(deficit) 601 1,493 1,869 3,591 (6,631 ) 923 Total $ 3,120 $ 5,052 $ 6,077 $ 9,670 $ (13,256 ) $ 10,663 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (24 ) $ (45 ) $ 32 $ (454 ) $ (1 ) $ (492 ) Cash flows from investing activities Capital expenditures (36 ) (164 ) (200 ) Beneficial interests in transferred receivables 335 335 Acquisition of businesses, net of cash acquired (3,907 ) (3,907 ) Proceeds from sale of property, plant and equipment 5 5 Intercompany investing activities (80 ) 80 — Other (25 ) (25 ) Net cash provided by/(used for) investing activities — (80 ) (36 ) (3,756 ) 80 (3,792 ) Cash flows from financing activities Proceeds from long-term debt 975 1,150 1,957 4,082 Payments of long-term debt (15 ) (1 ) (21 ) (37 ) Net change in revolving credit facility and short-term debt 160 41 201 Net change in long-term intercompany balances 27 (973 ) (1,147 ) 2,093 — Debt issue costs (40 ) (30 ) (70 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Capital contribution 80 (80 ) — Dividends paid (1 ) 1 — Dividends paid to noncontrolling interests (6 ) (6 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 24 107 2 4,108 (79 ) 4,162 Effect of exchange rate changes on cash, cash equivalents and restricted cash (6 ) (6 ) Net change in cash, cash equivalents and restricted cash — (18 ) (2 ) (108 ) — (128 ) Cash, cash equivalents and restricted cash at January 1 36 3 396 435 Cash, cash equivalents and restricted cash at June 30 $ — $ 18 $ 1 $ 288 $ — $ 307 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (13 ) $ (28 ) $ (23 ) $ (383 ) $ (28 ) $ (475 ) Cash flows from investing activities Capital expenditures (78 ) (122 ) (200 ) Beneficial interests in transferred receivables 507 507 Proceeds from sale of property, plant and equipment 1 4 5 Intercompany investing activities 235 (235 ) — Other — — Net cash provided by/(used for) investing activities 235 — (77 ) 389 (235 ) 312 Cash flows from financing activities Proceeds from long-term debt 750 8 295 1,053 Payments of long-term debt (1,010 ) (93 ) (1,103 ) Net change in revolving credit facility and short-term debt 235 14 249 Net change in long-term intercompany balances 47 22 94 (163 ) — Debt issue costs (14 ) (1 ) (15 ) Common stock issued 8 8 Common stock repurchased (277 ) (277 ) Dividends paid (263 ) 263 — Dividends paid to noncontrolling interests (37 ) (37 ) Foreign exchange derivatives related to debt 11 11 Net cash provided by/(used for) financing activities (222 ) (17 ) 102 (237 ) 263 (111 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 11 Net change in cash, cash equivalents and restricted cash — (45 ) 2 (220 ) — (263 ) Cash, cash equivalents and restricted cash at January 1 83 493 576 Cash, cash equivalents and restricted cash at June 30 $ — $ 38 $ 2 $ 273 $ — $ 313

Accounting and Reporting Deve26

Accounting and Reporting Developments (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Statement of Cash Flows 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 are classified as cash outflows from financing activities. In addition, beneficial interests obtained in a securitization of financial assets are disclosed as a noncash activity and cash receipts from the beneficial interests are classified as cash inflows from investing activities. Under previous guidance, the Company classified cash receipts from beneficial interests in securitized receivables and cash payments resulting from debt prepayment or extinguishment as cash flows from operating activities. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. For the period ended June 30, 2017, the Company reclassified $507 from net cash used for operating activities to net cash provided by investing activities. Additionally, for the six months ended June 30, 2018 and 2017, beneficial interests obtained in securitized receivables were $407 and $538 . In November 2016, new accounting guidance was issued that requires the statement of cash flows to explain the change in the total of cash, cash equivalents and restricted cash. In addition, restricted cash is included in a cash reconciliation of beginning-of-period and end-of-period total amounts shown on the statements of cash flows. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows: June 30, 2018 December 31, 2017 Cash and cash equivalents $ 298 $ 424 Restricted cash included in prepaid expenses and other current assets — 2 Restricted cash included in other non-current assets 9 9 Total cash, cash equivalents and restricted cash $ 307 $ 435 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 301 $ 559 Restricted cash included in prepaid expenses and other current assets 2 8 Restricted cash included in other non-current assets 10 9 Total cash, cash equivalents and restricted cash $ 313 $ 576 Amounts included in restricted cash primarily represent amounts required to be set aside by certain of the Company's receivables securitization agreements. Pension and other postretirement benefit costs 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 is presented with other employee compensation costs within income from operations or capitalized in assets. The other components are reported separately outside of income from operations and are not eligible for capitalization. The Company adopted this guidance on January 1, 2018 and recast prior period amounts to conform to the current year presentation. Net benefits of $13 and $25 were reclassified from cost of products sold, excluding depreciation and amortization, to other pension and postretirement on the Company's Consolidated Statement of Operations for the three and six months ended June 30, 2017. Additionally, net charges of $1 were reclassified from selling and administrative expense to other pension and postretirement on the Company's Consolidated Statement of Operations for the three and six months ended June 30, 2017. Revenue recognition In May 2014, the FASB issued new guidance which outlined a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. Under previous guidance, the Company generally recognized revenue upon shipment or delivery. Under the new guidance, revenue is recognized when a customer obtains control of promised goods or services which is either at a point in time or over time. In addition to accelerating the timing of revenue recognition, an unbilled receivable is recognized with an offsetting decrease to inventory. The new guidance is not expected to have a material impact on the Company's annual income from operations but could impact income from operations in certain quarters as the Company may recognize revenue from certain products as it builds inventory in anticipation of seasonal demands. On January 1, 2018, the Company adopted the new revenue standard using the modified retrospective method applied to those contracts which were outstanding as of January 1, 2018. The Company recognized the cumulative effect of initially applying the standard as an adjustment to the opening balance of retained earnings. Results for reporting periods beginning after January 1, 2018 are presented under the new revenue standard, while prior period amounts are not adjusted and continue to be reported in accordance with accounting standards in effect for those periods. The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of January 1, 2018 for the adoption of the new revenue standard was as follows: As reported As revised December 31, January 1, 2017 Adjustment 2018 Receivables, net $ 1,041 $ 154 $ 1,195 Inventories 1,385 (144 ) 1,241 Prepaid and other current assets 224 26 250 Total current assets 3,074 36 3,110 Other non-current assets 832 1 833 Total assets 10,663 37 10,700 Accrued liabilities 757 17 774 Total current liabilities 3,250 17 3,267 Other non-current liabilities 685 10 695 Noncontrolling interests 322 1 323 Accumulated earnings 3,004 9 3,013 Crown Holdings shareholders' equity 601 9 610 Total equity 923 10 933 Total liabilities and equity 10,663 37 10,700 The impact of adoption on the Company’s Consolidated Balance Sheet and Statements of Operations was as follows: As reported Balances June 30 Effects of without adoption Consolidated Balance Sheet 2018 change of new standard Receivables, net $ 1,790 $ (229 ) $ 1,561 Inventories 1,737 197 1,934 Prepaid and other current assets 330 (19 ) 311 Total current assets 4,155 (51 ) 4,104 Other non-current assets 776 2 778 Total assets 15,360 (49 ) 15,311 Accrued liabilities 962 (22 ) 940 Total current liabilities 3,529 (22 ) 3,507 Other non-current liabilities 844 (9 ) 835 Noncontrolling interests 353 (1 ) 352 Accumulated earnings 3,232 (17 ) 3,215 Crown Holdings shareholders' equity 784 (17 ) 767 Total equity 1,137 (18 ) 1,119 Total liabilities and equity 15,360 (49 ) 15,311 As reported For the three months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 3,046 $ 5 $ 3,051 Cost of products sold, excluding depreciation and amortization 2,466 6 2,472 Income from operations 292 (1 ) 291 Foreign exchange 10 (3 ) 7 Income before income taxes 201 2 203 Net income 147 2 149 Net income attributable to Crown Holdings 132 2 134 Earnings per common share attributable to Crown Holdings: Basic $ 0.99 $ 0.01 $ 1.00 Diluted $ 0.99 $ 0.01 $ 1.00 As reported For the six months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 5,243 $ (77 ) $ 5,166 Cost of products sold, excluding depreciation and amortization 4,274 (63 ) 4,211 Income from operations 513 (14 ) 499 Foreign exchange 28 (3 ) 25 Income before taxes 353 (11 ) 342 Provision for income taxes 94 (3 ) 91 Net income 260 (8 ) 252 Net income attributable to Crown Holdings 222 (8 ) 214 Earnings per common share attributable to Crown Holdings: Basic $ 1.66 $ (0.06 ) $ 1.60 Diluted $ 1.66 $ (0.06 ) $ 1.60 Hedge Accounting In August 2017, the FASB issued new guidance on hedge accounting. The new guidance allows contractually-specified price components of a commodity purchase or sale to be eligible for hedge accounting. Additionally, the new standard permits qualitative effectiveness assessments for certain hedges after the initial hedge qualification analysis. The Company adopted this guidance on January 1, 2018 using the modified retrospective approach for hedges of contractually-specified price components of commodity purchases and sales that existed on the adoption date. Upon adoption, the Company reclassified a net charge of $3 for the cumulative ineffectiveness of these contracts from retained earnings to accumulated other comprehensive income as a cumulative-effect adjustment. Intercompany transfers In October 2016, the FASB issued new guidance related to intercompany transfers of assets other than inventory. Under previous guidance, income tax expense associated with intercompany profits in an intercompany sale or transfer of assets was deferred until the assets left the consolidated group. Similarly, deferred tax assets were not recognized for any increase 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 in tax bases when an intercompany sale or transfer occurs. Income tax effects of intercompany inventory transactions continue to be deferred until the assets leave the consolidated group. The guidance was effective for the Company on January 1, 2018 and did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Standards 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 Company will adopt the guidance on a modified retrospective basis on January 1, 2019. The guidance is not expected to have a material impact on the Company's consolidated statement of operations but is expected to have a material impact on its financial position.

Accounting and Reporting Deve27

Accounting and Reporting Developments (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of January 1, 2018 for the adoption of the new revenue standard was as follows: As reported As revised December 31, January 1, 2017 Adjustment 2018 Receivables, net $ 1,041 $ 154 $ 1,195 Inventories 1,385 (144 ) 1,241 Prepaid and other current assets 224 26 250 Total current assets 3,074 36 3,110 Other non-current assets 832 1 833 Total assets 10,663 37 10,700 Accrued liabilities 757 17 774 Total current liabilities 3,250 17 3,267 Other non-current liabilities 685 10 695 Noncontrolling interests 322 1 323 Accumulated earnings 3,004 9 3,013 Crown Holdings shareholders' equity 601 9 610 Total equity 923 10 933 Total liabilities and equity 10,663 37 10,700 The impact of adoption on the Company’s Consolidated Balance Sheet and Statements of Operations was as follows: As reported Balances June 30 Effects of without adoption Consolidated Balance Sheet 2018 change of new standard Receivables, net $ 1,790 $ (229 ) $ 1,561 Inventories 1,737 197 1,934 Prepaid and other current assets 330 (19 ) 311 Total current assets 4,155 (51 ) 4,104 Other non-current assets 776 2 778 Total assets 15,360 (49 ) 15,311 Accrued liabilities 962 (22 ) 940 Total current liabilities 3,529 (22 ) 3,507 Other non-current liabilities 844 (9 ) 835 Noncontrolling interests 353 (1 ) 352 Accumulated earnings 3,232 (17 ) 3,215 Crown Holdings shareholders' equity 784 (17 ) 767 Total equity 1,137 (18 ) 1,119 Total liabilities and equity 15,360 (49 ) 15,311 As reported For the three months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 3,046 $ 5 $ 3,051 Cost of products sold, excluding depreciation and amortization 2,466 6 2,472 Income from operations 292 (1 ) 291 Foreign exchange 10 (3 ) 7 Income before income taxes 201 2 203 Net income 147 2 149 Net income attributable to Crown Holdings 132 2 134 Earnings per common share attributable to Crown Holdings: Basic $ 0.99 $ 0.01 $ 1.00 Diluted $ 0.99 $ 0.01 $ 1.00 As reported For the six months ended Effects of Balances without adoption Statement of Operations June 30, 2018 change of new standard Net sales $ 5,243 $ (77 ) $ 5,166 Cost of products sold, excluding depreciation and amortization 4,274 (63 ) 4,211 Income from operations 513 (14 ) 499 Foreign exchange 28 (3 ) 25 Income before taxes 353 (11 ) 342 Provision for income taxes 94 (3 ) 91 Net income 260 (8 ) 252 Net income attributable to Crown Holdings 222 (8 ) 214 Earnings per common share attributable to Crown Holdings: Basic $ 1.66 $ (0.06 ) $ 1.60 Diluted $ 1.66 $ (0.06 ) $ 1.60
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows: June 30, 2018 December 31, 2017 Cash and cash equivalents $ 298 $ 424 Restricted cash included in prepaid expenses and other current assets — 2 Restricted cash included in other non-current assets 9 9 Total cash, cash equivalents and restricted cash $ 307 $ 435 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 301 $ 559 Restricted cash included in prepaid expenses and other current assets 2 8 Restricted cash included in other non-current assets 10 9 Total cash, cash equivalents and restricted cash $ 313 $ 576
Schedule of Restricted Cash	Cash, cash equivalents and restricted cash included in the Company's Consolidated Balance Sheets were as follows: June 30, 2018 December 31, 2017 Cash and cash equivalents $ 298 $ 424 Restricted cash included in prepaid expenses and other current assets — 2 Restricted cash included in other non-current assets 9 9 Total cash, cash equivalents and restricted cash $ 307 $ 435 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 301 $ 559 Restricted cash included in prepaid expenses and other current assets 2 8 Restricted cash included in other non-current assets 10 9 Total cash, cash equivalents and restricted cash $ 313 $ 576

Acquisition of Signode (Tables)

Acquisition of Signode (Tables)	6 Months Ended
	Jun. 30, 2018
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the consideration transferred to acquire Signode and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date. Fair value of consideration transferred Cash consideration $ 3,907 Recognized amounts of identifiable assets acquired and liabilities assumed Receivables, net 374 Inventories 303 Prepaid expenses and other current assets 45 Intangible assets, net 1,935 Property, plant and equipment, net 462 Other non-current assets 41 Short-term debt (4 ) Accounts payable (222 ) Accrued liabilities (168 ) Long-term debt (4 ) Postretirement and pension liabilities (51 ) Other non-current liabilities (307 ) Total identifiable net assets $ 2,404 Goodwill $ 1,503

Acquisition of Signode Schedule

Acquisition of Signode Schedule of Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Preliminary Fair Value Weighted Average Estimated Useful Life Trade names - Indefinite lived $ 535 Indefinite Trade names - Definite lived 33 8 Technology 166 7 Customer relationships 1,201 12 $ 1,935

Acquisition of Signode Pro Form

Acquisition of Signode Pro Forma Information (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Pro forma net sales $ 3,046 $ 2,736 $ 5,831 $ 5,163 Pro forma net income attributable to Crown Holdings 176 117 244 184 Earnings per common share attributable to Crown Holdings: Basic $ 1.32 $ 0.86 $ 1.83 $ 1.34 Diluted $ 1.32 $ 0.86 $ 1.82 $ 1.34

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Net Contract Assets and Liabilities	Net contract assets were as follows: June 30, 2018 January 1, 2018 Contract assets included in prepaid and other current assets $ 19 $ 26 Contract liabilities included in accrued liabilities (2 ) (1 ) Contract liabilities included in other non-current liabilities (6 ) (7 ) Net contract asset $ 11 $ 18

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Receivables	June 30, 2018 December 31, 2017 Accounts receivable $ 1,396 $ 894 Less: allowance for doubtful accounts (75 ) (71 ) Net trade receivables 1,321 823 Unbilled receivables 229 — Miscellaneous receivables 240 218 Receivables, net $ 1,790 $ 1,041

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory, Gross [Abstract]
Components of Inventories	June 30, 2018 December 31, 2017 Raw materials and supplies 896 $ 737 Work in process 174 139 Finished goods 667 509 $ 1,737 $ 1,385

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross carrying amounts and accumulated amortization of finite-lived intangible assets by major class were as follows: June 30, 2018 December 31, 2017 Gross Accumulated amortization Net Gross Accumulated amortization Net Customer relationships $ 1,623 $ (144 ) $ 1,479 $ 461 $ (108 ) $ 353 Technology 161 (6 ) 155 — — — Long term supply contracts 142 (32 ) 110 143 (27 ) 116 Trade names 32 (1 ) 31 — — — $ 1,958 $ (183 ) $ 1,775 $ 604 $ (135 ) $ 469

Restructuring and Other (Tables

Restructuring and Other (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring Reserve [Abstract]
Restructuring and Other Charges (Benefits)	The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Asset impairments and sales $ — $ — $ 7 $ (6 ) Restructuring 3 2 6 4 Transaction costs 19 — 22 — Other costs (6 ) 16 (6 ) 16 $ 16 $ 18 $ 29 $ 14

Asbestos-Related Liabilities (T

Asbestos-Related Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Liability for Asbestos and Environmental Claims [Abstract]
Summary of Claims Activity	During the six months ended June 30, 2018 , the Company paid $4 to settle outstanding claims and had claims activity as follows: Beginning claims 55,500 New claims 1,000 Settlements or dismissals (1,000 ) Ending claims 55,500
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, 2017 , the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,500 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 1,500 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: 2017 2016 2015 Total claims 22 % 22 % 22 % Pre-1964 claims in states without asbestos legislation 41 % 41 % 41 %

Derivative and Other Financia37

Derivative and Other Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Schedule of Derivative Instruments Included in Earnings	The following table sets forth the impact on earnings from derivatives not designated as hedges. Pre-tax amount of gain/ Pre-tax amount of gain/ (loss) recognized in income (loss) recognized in income on derivative on derivative Three Months Ended Three Months Ended Six Months Ended Six Months Ended Derivatives not designated as hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Affected line item in the statement of operations Foreign exchange $ 3 $ — $ 3 $ 1 Net sales Foreign exchange (3 ) 2 (2 ) 1 Cost of products sold Foreign exchange (14 ) 18 (9 ) 18 Foreign exchange Commodities — (9 ) — (2 ) Cost of products sold $ (14 ) $ 11 $ (8 ) $ 18
Accumulated Other Comprehensive Income (AOCI) and Earnings From Changes In Fair Value Related To Derivative Instruments	The following tables set forth financial information about the impact on other comprehensive income ("OCI"), 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 OCI recognized in OCI Three Months Ended Six Months Ended Derivatives in cash flow hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Foreign exchange $ — $ 5 $ (3 ) $ 3 Commodities 22 (8 ) (2 ) 15 $ 22 $ (3 ) $ (5 ) $ 18 Amount of gain/ Amount of gain/ (loss) reclassified from (loss) reclassified from AOCI into income AOCI into income Three Months Ended Six Months Ended Derivatives in cash flow hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Affected line item in the statement of operations Foreign exchange $ (1 ) $ 6 $ (1 ) $ 3 Net sales Commodities (3 ) — (5 ) — Net sales Foreign exchange (1 ) (4 ) (1 ) (3 ) Cost of products sold Commodities 14 11 24 15 Cost of products sold 9 13 17 15 Income before taxes (3 ) (4 ) (5 ) (5 ) Provision for income taxes $ 6 $ 9 $ 12 $ 10 Net Income The following tables set forth financial information about the impact on OCI from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three Months Ended Three Months Ended Six Months Ended Six Months Ended Derivatives designated as net investment hedges June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Foreign exchange $ 36 $ — $ 8 $ —
Fair Value of Outstanding Derivative Instruments in the Consolidated Balance Sheets	The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2018 and December 31, 2017 , respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy. Balance Sheet classification June 30, December 31, 2017 Balance Sheet classification June 30, December 31, 2017 Derivatives designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ 9 $ 5 Accrued liabilities $ 11 $ 6 Other non-current assets 1 — Other non-current liabilities — — Foreign exchange contracts fair value Other current assets 2 1 Accrued liabilities 2 1 Commodities contracts cash flow Other current assets 17 25 Accrued liabilities 10 — Other non-current assets 1 4 Other non-current liabilities — — Net investment hedge Other non-current assets 11 — Other non-current liabilities — — Total derivatives designated as hedging instruments $ 41 $ 35 $ 23 $ 7 Derivatives not designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ — $ 1 Accrued liabilities $ — $ 1 Foreign exchange contracts fair value Other current assets 3 5 Accrued liabilities 2 — Commodities contracts cash flow Other current assets — 22 Accrued liabilities — 15 Total derivatives not designated as hedging instruments $ 3 $ 28 $ 2 $ 16 Total derivatives $ 44 $ 63 $ 25 $ 23 Fair Value Hedge Carrying Amounts Carrying amount of the hedged Line item in the statement of assets/(liabilities) financial position in which the June 30, December 31, hedge item is included Cash and cash equivalents $ 1 $ 1 Receivables, net 20 15 Accrued liabilities (18 ) (12 )
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 June 30, 2018 Derivative assets $44 $8 $36 Derivative liabilities 25 8 17 Balance at December 31, 2017 Derivative assets 63 17 46 Derivative liabilities 23 17 6
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 June 30, 2018 and December 31, 2017 were: June 30, 2018 December 31, 2017 Derivatives in cash flow hedges: Foreign exchange $ 694 $ 864 Commodities 247 276 Derivatives in fair value hedges: Foreign exchange 72 60 Derivatives not designated as hedges: Foreign exchange 742 575 Commodities — 40

(Tables)

(Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The Company's outstanding debt was as follows: June 30, 2018 December 31, 2017 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 31 $ 31 $ 62 $ 62 Long-term debt Senior secured borrowings: Revolving credit facilities 344 344 $ 122 $ 122 Term loan facilities U.S. dollar at LIBOR + 1.75% due 2022 826 821 741 735 U.S. dollar at LIBOR + 2.00% due 2027 1,150 1,126 — — Euro at EURIBOR + 1.75% due 2022 1 311 311 324 324 Euro at EURIBOR + 2.375% due 2025 2 875 866 — — Senior notes and debentures: €650 at 4.0% due 2022 758 752 781 774 U. S. dollar at 4.50% due 2023 1,000 992 1,000 992 €335 at 2.250% due 2023 391 386 — — €600 at 2.625% due 2024 700 693 720 713 €600 at 3.375% due 2025 700 693 720 711 U.S. dollar at 4.25% due 2026 400 394 400 393 U.S. dollar at 4.75% due 2026 875 862 — — U.S. dollar at 7.375% due 2026 350 347 350 347 €500 at 2.875% due 2026 583 575 — — U.S. dollar at 7.50% due 2096 40 40 40 40 Other indebtedness in various currencies 87 87 101 101 Capital lease obligations 31 31 29 29 Total long-term debt 9,421 9,320 5,328 5,281 Less current maturities (84 ) (84 ) (64 ) (64 ) Total long-term debt, less current maturities $ 9,337 $ 9,236 $ 5,264 $ 5,217 (1) €266 and €270 at June 30, 2018 and December 31, 2017

Pension and Other Postretirem39

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Reclassification out of Accumulated Other Comprehensive Income	The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Six Months Ended Details about accumulated other June 30 June 30 Affected line item in the comprehensive income components 2018 2017 2018 2017 statement of operations Actuarial losses $ 24 $ 25 $ 48 $ 49 Other pension and postretirement Prior service credit (13 ) (13 ) (25 ) (26 ) Other pension and postretirement 11 12 23 23 Income before taxes — (4 ) (1 ) (6 ) Provision for income taxes $ 11 $ 8 $ 22 $ 17 Net income
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended Six Months Ended June 30 June 30 Other postretirement benefits 2018 2017 2018 2017 Service cost $ — $ — $ — $ — Interest cost 1 1 2 2 Recognized prior service credit (10 ) (10 ) (19 ) (20 ) Recognized net loss 1 1 2 2 Net periodic benefit $ (8 ) $ (8 ) $ (15 ) $ (16 )
Pension Benefits - U.S. Plans | Pension Plan
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 and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30 June 30 Pension benefits – U.S. plans 2018 2017 2018 2017 Service cost $ 5 $ 4 $ 9 $ 7 Interest cost 11 13 23 25 Expected return on plan assets (21 ) (21 ) (42 ) (41 ) Recognized net loss 12 13 24 26 Net periodic cost $ 7 $ 9 $ 14 $ 17
Pension Benefits - Non-U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended Six Months Ended June 30 June 30 Pension benefits – Non-U.S. plans 2018 2017 2018 2017 Service cost $ 7 $ 6 $ 14 $ 12 Interest cost 20 19 39 38 Expected return on plan assets (40 ) (36 ) (80 ) (71 ) Recognized prior service credit (3 ) (3 ) (6 ) (6 ) Recognized net loss 11 11 22 21 Net periodic benefit $ (5 ) $ (3 ) $ (11 ) $ (6 )

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2017 $ (1,524 ) $ (1,879 ) $ 3 $ (3,400 ) Other comprehensive income before reclassifications 207 18 225 Amounts reclassified from accumulated other comprehensive income 17 (10 ) 7 Other comprehensive income 17 207 8 232 Balance at June 30, 2017 $ (1,507 ) $ (1,672 ) $ 11 $ (3,168 ) Balance at January 1, 2018 $ (1,583 ) $ (1,681 ) $ 23 $ (3,241 ) Cumulative effect of change in accounting principle 3 3 Other comprehensive income before reclassifications (61 ) (5 ) (66 ) Amounts reclassified from accumulated other comprehensive income 22 (12 ) 10 Other comprehensive income (loss) 22 (61 ) (14 ) (53 ) Balance at June 30, 2018 $ (1,561 ) $ (1,742 ) $ 9 $ (3,294 ) See Note K and Note M for further details of amounts reclassified from accumulated other comprehensive income related to cash flow hedges and defined benefit plans.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Share-based Compensation [Abstract]
Summary of Restricted Stock Transactions	A summary of restricted stock transactions during the six months ended June 30, 2018 is as follows: Number of shares Non-vested stock awards outstanding at January 1, 2018 1,053,842 Awarded: Time-vesting shares 1,493,093 Performance-based shares 142,154 Released: Time-vesting shares (353,555 ) Performance-based shares — Forfeitures: Time-vesting shares (7,300 ) Performance-based shares (159,738 ) Non-vested stock awards outstanding at June 30, 2018 2,168,496

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Computation 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 Six Months Ended June 30 June 30 2018 2017 2018 2017 Net income attributable to Crown Holdings $ 132 $ 128 $ 222 $ 235 Weighted average shares outstanding: Basic 133.6 135.3 133.5 136.9 Dilutive stock options and restricted stock 0.2 0.4 0.3 0.5 Diluted 133.8 135.7 133.8 137.4 Basic earnings per share $ 0.99 $ 0.95 $ 1.66 $ 1.72 Diluted earnings per share $ 0.99 $ 0.94 $ 1.66 $ 1.71

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Information of Information about Operating Segments	The tables below present information about the Company's operating segments. External Sales External Sales Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 848 $ 729 $ 1,606 $ 1,403 European Beverage 405 402 776 705 European Food 514 459 942 838 Asia Pacific 332 287 669 565 Transit Packaging 620 — 620 — Total reportable segments 2,719 1,877 4,613 3,511 Non-reportable segments 327 284 630 551 Total $ 3,046 $ 2,161 $ 5,243 $ 4,062 The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its food can business in North America, its promotional packaging business in Europe and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Intersegment Sales Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 25 $ 17 $ 35 $ 23 European Beverage 1 — 1 1 European Food 21 19 43 35 Transit Packaging 1 — 1 — Total reportable segments 48 36 80 59 Non-reportable segments 46 27 73 62 Total $ 94 $ 63 $ 153 $ 121 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 Segment Income Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Americas Beverage $ 113 $ 109 $ 211 $ 213 European Beverage 59 71 114 121 European Food 85 71 141 122 Asia Pacific 47 45 91 84 Transit Packaging 94 — 94 — Total reportable segments $ 398 $ 296 $ 651 $ 540
Reconciliation of Segment Income	A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended Six Months Ended June 30 June 30 2018 2017 2018 2017 Segment income of reportable segments $ 398 $ 296 $ 651 $ 540 Segment income of non-reportable segments 31 34 62 62 Corporate and unallocated items (40 ) (35 ) (79 ) (81 ) Restructuring and other (16 ) (18 ) (29 ) (14 ) Amortization of intangibles (41 ) (10 ) (52 ) (20 ) Fair value adjustment to inventory (40 ) — (40 ) — Other pension and postretirement 17 12 34 24 Loss from early extinguishments of debt — (7 ) — (7 ) Impact of hedge ineffectiveness — (8 ) — (3 ) Interest expense (103 ) (61 ) (177 ) (123 ) Interest income 5 3 11 6 Foreign exchange (10 ) (5 ) (28 ) (4 ) Income before income taxes $ 201 $ 201 $ 353 $ 380

Condensed Combining Financial44

Condensed Combining Financial Information (Tables)	6 Months Ended
	Jun. 30, 2018
Crown Cork & Seal Company Inc.
Condensed Combining Statement of Comprehensive Income	CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 3,046 $ 3,046 Cost of products sold, excluding depreciation and amortization 2,466 2,466 Depreciation and amortization 113 113 Selling and administrative expense $ 3 156 159 Restructuring and other $ 9 7 16 Income from operations (9 ) (3 ) 304 292 Other pension and postretirement (17 ) (17 ) Net interest expense 19 79 98 Foreign exchange 10 10 Income/(loss) before income taxes (9 ) (22 ) 232 201 Provision for / (benefit from) income taxes (2 ) (5 ) 62 55 Equity earnings / (loss) in affiliates 139 131 1 $ (270 ) 1 Net income 132 114 171 (270 ) 147 Net income attributable to noncontrolling interests (15 ) (15 ) Net income attributable to Crown Holdings $ 132 $ 114 $ 156 $ (270 ) $ 132 Total comprehensive income $ 16 $ 115 $ 52 $ (155 ) $ 28 Comprehensive income attributable to noncontrolling interests (12 ) (12 ) Comprehensive income attributable to Crown Holdings $ 16 $ 115 $ 40 $ (155 ) $ 16 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 2,161 $ 2,161 Cost of products sold, excluding depreciation and amortization 1,732 1,732 Depreciation and amortization 61 61 Selling and administrative expense $ 2 89 91 Restructuring and other (1 ) 19 18 Income from operations (1 ) 260 259 Other pension and postretirement (12 ) (12 ) Loss from early extinguishment of debt 7 7 Net interest expense 26 32 58 Foreign exchange 5 5 Income/(loss) before income taxes (27 ) 228 201 Provision for / (benefit from) income taxes (8 ) 61 53 Equity earnings / (loss) in affiliates $ 128 130 $ (258 ) — Net income 128 111 167 (258 ) 148 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 128 $ 111 $ 147 $ (258 ) $ 128 Total comprehensive income $ 221 $ 115 $ 261 $ (355 ) $ 242 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 221 $ 115 $ 240 $ (355 ) $ 221 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2018 (in millions) Parent Issuer Non- Eliminations Total Net sales $ 5,243 $ 5,243 Cost of products sold, excluding depreciation and amortization 4,274 4,274 Depreciation and amortization 178 178 Selling and administrative expense $ 5 244 249 Restructuring and other $ 9 20 29 Income from operations (9 ) (5 ) 527 513 Other pension of postretirement (34 ) (34 ) Net interest expense 38 128 166 Foreign exchange 28 28 Income/(loss) before income taxes (9 ) (43 ) 405 353 Provision for / (benefit from) income taxes (2 ) (9 ) 105 94 Equity earnings / (loss) in affiliates 229 226 1 $ (455 ) 1 Net income 222 192 301 (455 ) 260 Net income attributable to noncontrolling interests (38 ) (38 ) Net income attributable to Crown Holdings $ 222 $ 192 $ 263 $ (455 ) $ 222 Total comprehensive income $ 166 $ 162 $ 243 $ (369 ) $ 202 Comprehensive income attributable to noncontrolling interests (36 ) (36 ) Comprehensive income attributable to Crown Holdings $ 166 $ 162 $ 207 $ (369 ) $ 166 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2017 (in millions) Parent Issuer Non- Eliminations Total Net sales $ 4,062 $ 4,062 Cost of products sold, excluding depreciation and amortization 3,263 3,263 Depreciation and amortization 120 120 Selling and administrative expense $ 4 177 181 Restructuring and other (1 ) 15 14 Income from operations (3 ) 487 484 Other pension and postretirement (24 ) (24 ) Loss from early extinguishment of debt 7 7 Net interest expense 46 71 117 Foreign exchange 4 4 Income/(loss) before income taxes (49 ) 429 380 Provision for / (benefit from) income taxes (18 ) 117 99 Equity earnings / (loss) in affiliates $ 235 229 $ (464 ) — Net income 235 198 312 (464 ) 281 Net income attributable to noncontrolling interests (46 ) (46 ) Net income attributable to Crown Holdings $ 235 $ 198 $ 266 $ (464 ) $ 235 Total comprehensive Income $ 467 $ 245 $ 546 $ (743 ) $ 515 Comprehensive income attributable to noncontrolling interests (48 ) (48 ) Comprehensive income attributable to Crown Holdings $ 467 $ 245 $ 498 $ (743 ) $ 467
Condensed Combining Balance Sheet	CONDENSED COMBINING BALANCE SHEET As of June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 298 $ 298 Receivables, net $ 9 1,781 1,790 Inventories 1,737 1,737 Prepaid expenses and other current assets $ 2 328 330 Total current assets 2 9 4,144 4,155 Intercompany debt receivables 3,556 $ (3,556 ) — Investments 3,320 3,649 (6,969 ) — Goodwill 4,443 4,443 Intangible assets, net 2,298 2,298 Property, plant and equipment, net 3,688 3,688 Other non-current assets 163 613 776 Total $ 3,322 $ 3,821 $ 18,742 $ (10,525 ) $ 15,360 Liabilities and equity Current liabilities Short-term debt $ 31 $ 31 Current maturities of long-term debt 84 84 Accounts payable 2,452 2,452 Accrued liabilities $ 14 $ 32 916 962 Total current liabilities 14 32 3,483 3,529 Long-term debt, excluding current maturities 387 8,849 9,236 Long-term intercompany debt 2,524 1,032 $ (3,556 ) — Postretirement and pension liabilities 614 614 Other non-current liabilities 332 512 844 Commitments and contingent liabilities Noncontrolling interests 353 353 Crown Holdings shareholders’ equity/(deficit) 784 2,038 4,931 (6,969 ) 784 Total equity/(deficit) 784 2,038 5,284 (6,969 ) 1,137 Total $ 3,322 $ 3,821 $ 18,742 $ (10,525 ) $ 15,360 CONDENSED COMBINING BALANCE SHEET As of December 31, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 424 $ 424 Receivables, net $ 9 1,032 1,041 Inventories 1,385 1,385 Prepaid expenses and other current assets 224 224 Total current assets — 9 3,065 3,074 Intercompany debt receivables 3,604 $ (3,604 ) — Investments $ 3,120 $ 3,448 (6,568 ) — Goodwill 3,046 3,046 Intangible assets, net 472 472 Property, plant and equipment, net 3,239 3,239 Other non-current assets 283 549 832 Total $ 3,120 $ 3,740 $ 13,975 $ (10,172 ) $ 10,663 Liabilities and equity Current liabilities Short-term debt $ 62 $ 62 Current maturities of long-term debt 64 64 Accounts payable 2,367 2,367 Accrued liabilities $ 22 $ 41 694 757 Total current liabilities 22 41 3,187 3,250 Long-term debt, excluding current maturities 387 4,830 5,217 Long-term intercompany debt 2,497 1,107 $ (3,604 ) — Postretirement and pension liabilities 588 588 Other non-current liabilities 336 349 685 Commitments and contingent liabilities Noncontrolling interests 322 322 Crown Holdings shareholders’ equity/(deficit) 601 1,869 4,699 (6,568 ) 601 Total equity/(deficit) 601 1,869 5,021 (6,568 ) 923 Total $ 3,120 $ 3,740 $ 13,975 $ (10,172 ) $ 10,663
Condensed Combining Statement of Cash Flows	CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2018 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (24 ) $ (44 ) $ (423 ) $ (1 ) $ (492 ) Cash flows from investing activities Capital expenditures (200 ) (200 ) Beneficial interests in transferred receivables 335 335 Acquisition of businesses, net of cash acquired (3,907 ) (3,907 ) Proceeds from sale of property, plant and equipment 5 5 Other (25 ) (25 ) Net cash provided by/(used for) investing activities — (3,792 ) — (3,792 ) Cash flows from financing activities Proceeds from long-term debt 4,082 4,082 Payments of long-term debt (37 ) (37 ) Net change in revolving credit facility and short-term debt 201 201 Net change in long-term intercompany balances 27 44 (71 ) — Debt issue costs (70 ) (70 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Dividends paid (1 ) 1 — Dividend paid to noncontrolling interests (6 ) (6 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 24 44 4,093 1 4,162 Effect of exchange rate changes on cash, cash equivalents and restricted cash (6 ) (6 ) Net change in cash, cash equivalents and restricted cash — — (128 ) — (128 ) Cash, cash equivalents and restricted cash at January 1 435 435 Cash, cash equivalents and restricted cash at June 30 $ — $ — $ 307 $ — $ 307 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2017 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (13 ) $ (41 ) $ (413 ) $ (8 ) $ (475 ) Cash flows from investing activities Capital expenditures (200 ) (200 ) Beneficial interests in transferred receivables 507 507 Proceeds from sale of property, plant and equipment 5 5 Intercompany investing activities 235 (235 ) — Net cash provided by/(used for) investing activities 235 312 (235 ) 312 Cash flows from financing activities Proceeds from long-term debt 1,053 1,053 Payments of long-term debt (1,103 ) (1,103 ) Net change in revolving credit facility and short-term debt 249 249 Net change in long-term intercompany balances 47 41 (88 ) — Debt issue costs (15 ) (15 ) Common stock issued 8 8 Common stock repurchased (277 ) (277 ) Dividends paid (243 ) 243 — Dividend paid to noncontrolling interests (37 ) (37 ) Foreign exchange derivatives related to debt 11 11 Net cash provided by/(used for) financing activities (222 ) 41 (173 ) 243 (111 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 11 Net change in cash, cash equivalents and restricted cash — — (263 ) — (263 ) Cash, cash equivalents and restricted cash at January 1 576 576 Cash, cash equivalents and restricted cash at June 30 $ — $ — $ 313 $ — $ 313
Crown Americas, LLC
Condensed Combining Statement of Comprehensive Income	CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 975 $ 2,224 (153 ) $ 3,046 Cost of products sold, excluding depreciation and amortization 834 1,785 (153 ) 2,466 Depreciation and amortization 32 81 113 Selling and administrative expense $ 3 63 93 159 Restructuring and other $ 9 3 4 16 Income from operations (9 ) (3 ) 43 261 292 Other pension and postretirement (6 ) (11 ) (17 ) Net interest expense 22 33 43 98 Technology royalty (12 ) 12 — Foreign exchange (49 ) 11 $ 48 10 Income/(loss) before income taxes (9 ) 24 28 206 (48 ) 201 Provision for / (benefit from) income taxes (2 ) 6 8 54 (11 ) 55 Equity earnings / (loss) in affiliates 139 46 94 (278 ) 1 Net income 132 64 114 152 (315 ) 147 Net income attributable to noncontrolling interests (15 ) (15 ) Net income attributable to Crown Holdings $ 132 $ 64 $ 114 $ 137 $ (315 ) $ 132 Total comprehensive income $ 16 $ 69 $ 115 $ (9 ) $ (163 ) $ 28 Comprehensive income attributable to noncontrolling interests (12 ) (12 ) Comprehensive income attributable to Crown Holdings $ 16 $ 69 $ 115 $ (21 ) $ (163 ) $ 16 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the three months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 583 $ 1,661 (83 ) $ 2,161 Cost of products sold, excluding depreciation and amortization 501 1,314 (83 ) 1,732 Depreciation and amortization 10 51 61 Selling and administrative expense $ 3 35 53 91 Restructuring and other 1 17 18 Income from operations (3 ) 36 226 259 Other pension and postretirement (10 ) (2 ) (12 ) Loss from early extinguishment of debt 6 1 7 Net interest expense 16 23 19 58 Technology royalty (9 ) 9 — Foreign exchange 45 (1 ) 6 $ (45 ) 5 Income/(loss) before income taxes (70 ) 33 193 45 201 Provision for / (benefit from) income taxes (27 ) 12 53 15 53 Equity earnings / (loss) in affiliates $ 128 51 90 (269 ) — Net income 128 8 111 140 (239 ) 148 Net income attributable to noncontrolling interests (20 ) (20 ) Net income attributable to Crown Holdings $ 128 $ 8 $ 111 $ 120 $ (239 ) $ 128 Total comprehensive income $ 221 $ 11 $ 115 $ 271 $ (376 ) $ 242 Comprehensive income attributable to noncontrolling interests (21 ) (21 ) Comprehensive income attributable to Crown Holdings $ 221 $ 11 $ 115 $ 250 $ (376 ) $ 221 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2018 (in millions) Parent Issuer Guarantors Non- Eliminations Total Net sales $ 1,577 $ 3,916 (250 ) 5,243 Cost of products sold, excluding depreciation and amortization 1,354 3,170 (250 ) 4,274 Depreciation and amortization 43 135 178 Selling and administrative expense $ 5 96 148 249 Restructuring and other $ 9 3 5 12 29 Income from operations (9 ) (8 ) 79 451 513 Other pension and postretirement (11 ) (23 ) (34 ) Net interest expense 45 54 67 166 Technology royalty (23 ) 23 — Foreign exchange 7 (1 ) 30 $ (8 ) 28 Income/(loss) before income taxes (9 ) (60 ) 60 354 8 353 Provision for / (benefit from) income taxes (2 ) (14 ) 17 91 2 94 Equity earnings / (loss) in affiliates 229 102 149 (479 ) 1 Net income 222 56 192 263 (473 ) 260 Net income attributable to noncontrolling interests (38 ) (38 ) Net income attributable to Crown Holdings 222 56 192 225 (473 ) 222 Total comprehensive Income $ 166 $ 62 $ 162 $ 205 $ (393 ) $ 202 Comprehensive income attributable to noncontrolling interests (36 ) (36 ) Comprehensive income attributable to Crown Holdings $ 166 $ 62 $ 162 $ 169 $ (393 ) $ 166 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the six months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Eliminations Total Net sales $ 1,132 $ 3,127 (197 ) $ 4,062 Cost of products sold, excluding depreciation and amortization 976 2,484 (197 ) 3,263 Depreciation and amortization 20 100 120 Selling and administrative expense $ 5 68 108 181 Restructuring and other 2 12 14 Income from operations (5 ) 66 423 484 Other pension and postretirement (20 ) (4 ) (24 ) Loss from early extinguishment of debt 6 1 7 Net interest expense 33 44 40 117 Technology royalty (18 ) 18 — Foreign exchange 55 (1 ) 5 $ (55 ) 4 Income/(loss) before income taxes (99 ) 61 363 55 380 Provision for / (benefit from) income taxes (38 ) 20 98 19 99 Equity earnings / (loss) in affiliates $ 235 100 157 (492 ) — Net income 235 39 198 265 (456 ) 281 Net income attributable to noncontrolling interests (46 ) (46 ) Net income attributable to Crown Holdings $ 235 $ 39 $ 198 $ 219 $ (456 ) $ 235 Total comprehensive income $ 467 $ 46 $ 245 $ 542 $ (785 ) $ 515 Comprehensive income attributable to noncontrolling interests (48 ) (48 ) Comprehensive income attributable to Crown Holdings $ 467 $ 46 $ 245 $ 494 $ (785 ) $ 467
Condensed Combining Balance Sheet	CONDENSED COMBINING BALANCE SHEET As of June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 18 $ 1 $ 279 $ 298 Receivables, net 9 195 1,586 1,790 Intercompany receivables 45 21 $ (66 ) — Inventories 461 1,276 1,737 Prepaid expenses and other current assets $ 2 1 19 308 330 Total current assets 2 28 721 3,470 (66 ) 4,155 Intercompany debt receivables 2,802 3,765 65 (6,632 ) — Investments 3,320 2,667 480 (6,467 ) — Goodwill 1,179 3,264 4,443 Intangible assets, net 938 1,360 2,298 Property, plant and equipment, net 1 711 2,976 3,688 Other non-current assets 26 207 543 776 Total $ 3,322 $ 5,524 $ 8,001 $ 11,678 $ (13,165 ) $ 15,360 Liabilities and equity Current liabilities Short-term debt $ 31 $ 31 Current maturities of long-term debt $ 27 $ 14 43 84 Accounts payable 48 630 1,774 2,452 Accrued liabilities $ 14 200 748 962 Intercompany payables 21 45 $ (66 ) — Total current liabilities 14 75 865 2,641 (66 ) 3,529 Long-term debt, excluding current maturities 3,177 1,544 4,515 9,236 Long-term intercompany debt 2,524 717 2,867 524 (6,632 ) — Postretirement and pension liabilities 349 265 614 Other non-current liabilities 338 506 844 Commitments and contingent liabilities Noncontrolling interests 353 353 Crown Holdings shareholders’ equity/(deficit) 784 1,555 2,038 2,874 (6,467 ) 784 Total equity/(deficit) 784 1,555 2,038 3,227 (6,467 ) 1,137 Total $ 3,322 $ 5,524 $ 8,001 $ 11,678 $ (13,165 ) $ 15,360 CONDENSED COMBINING BALANCE SHEET As of December 31, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 36 $ 3 $ 385 $ 424 Receivables, net 29 1,012 1,041 Intercompany receivables 32 13 $ (45 ) — Inventories 347 1,038 1,385 Prepaid expenses and other current assets 2 17 205 224 Total current assets — 38 428 2,653 (45 ) 3,074 Intercompany debt receivables 2,523 3,325 732 (6,580 ) — Investments $ 3,120 2,479 1,032 (6,631 ) — Goodwill 453 2,593 3,046 Intangible assets, net 13 459 472 Property, plant and equipment, net 1 515 2,723 3,239 Other non-current assets 11 311 510 832 Total $ 3,120 $ 5,052 $ 6,077 $ 9,670 $ (13,256 ) $ 10,663 Liabilities and equity Current liabilities Short-term debt $ 62 $ 62 Current maturities of long-term debt $ 23 $ 3 38 64 Accounts payable 547 1,820 2,367 Accrued liabilities $ 22 31 72 632 757 Intercompany payables 13 32 $ (45 ) — Total current liabilities 22 54 635 2,584 (45 ) 3,250 Long-term debt, excluding current maturities 2,094 408 2,715 5,217 Long-term intercompany debt 2,497 1,411 2,454 218 (6,580 ) — Postretirement and pension liabilities 373 215 588 Other non-current liabilities 338 347 685 Commitments and contingent liabilities Noncontrolling interests 322 322 Crown Holdings shareholders’ equity/(deficit) 601 1,493 1,869 3,269 (6,631 ) 601 Total equity/(deficit) 601 1,493 1,869 3,591 (6,631 ) 923 Total $ 3,120 $ 5,052 $ 6,077 $ 9,670 $ (13,256 ) $ 10,663
Condensed Combining Statement of Cash Flows	CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2018 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (24 ) $ (45 ) $ 32 $ (454 ) $ (1 ) $ (492 ) Cash flows from investing activities Capital expenditures (36 ) (164 ) (200 ) Beneficial interests in transferred receivables 335 335 Acquisition of businesses, net of cash acquired (3,907 ) (3,907 ) Proceeds from sale of property, plant and equipment 5 5 Intercompany investing activities (80 ) 80 — Other (25 ) (25 ) Net cash provided by/(used for) investing activities — (80 ) (36 ) (3,756 ) 80 (3,792 ) Cash flows from financing activities Proceeds from long-term debt 975 1,150 1,957 4,082 Payments of long-term debt (15 ) (1 ) (21 ) (37 ) Net change in revolving credit facility and short-term debt 160 41 201 Net change in long-term intercompany balances 27 (973 ) (1,147 ) 2,093 — Debt issue costs (40 ) (30 ) (70 ) Common stock issued 1 1 Common stock repurchased (4 ) (4 ) Capital contribution 80 (80 ) — Dividends paid (1 ) 1 — Dividends paid to noncontrolling interests (6 ) (6 ) Foreign exchange derivatives related to debt (5 ) (5 ) Net cash provided by/(used for) financing activities 24 107 2 4,108 (79 ) 4,162 Effect of exchange rate changes on cash, cash equivalents and restricted cash (6 ) (6 ) Net change in cash, cash equivalents and restricted cash — (18 ) (2 ) (108 ) — (128 ) Cash, cash equivalents and restricted cash at January 1 36 3 396 435 Cash, cash equivalents and restricted cash at June 30 $ — $ 18 $ 1 $ 288 $ — $ 307 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the six months ended June 30, 2017 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ (13 ) $ (28 ) $ (23 ) $ (383 ) $ (28 ) $ (475 ) Cash flows from investing activities Capital expenditures (78 ) (122 ) (200 ) Beneficial interests in transferred receivables 507 507 Proceeds from sale of property, plant and equipment 1 4 5 Intercompany investing activities 235 (235 ) — Other — — Net cash provided by/(used for) investing activities 235 — (77 ) 389 (235 ) 312 Cash flows from financing activities Proceeds from long-term debt 750 8 295 1,053 Payments of long-term debt (1,010 ) (93 ) (1,103 ) Net change in revolving credit facility and short-term debt 235 14 249 Net change in long-term intercompany balances 47 22 94 (163 ) — Debt issue costs (14 ) (1 ) (15 ) Common stock issued 8 8 Common stock repurchased (277 ) (277 ) Dividends paid (263 ) 263 — Dividends paid to noncontrolling interests (37 ) (37 ) Foreign exchange derivatives related to debt 11 11 Net cash provided by/(used for) financing activities (222 ) (17 ) 102 (237 ) 263 (111 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 11 Net change in cash, cash equivalents and restricted cash — (45 ) 2 (220 ) — (263 ) Cash, cash equivalents and restricted cash at January 1 83 493 576 Cash, cash equivalents and restricted cash at June 30 $ — $ 38 $ 2 $ 273 $ — $ 313

Accounting and Reporting Deve45

Accounting and Reporting Developments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash used by operating activities			$ (492)	$ (475)
Net cash provided by investing activities			(3,792)	312
Beneficial interests obtained in securitized receivables	$ 407	$ 538
Cost of products sold	2,466	1,732	4,274	3,263
Reclassification of net benefit to pension and other postretirement	$ 17	12	$ 34	24
Cumulative effect of change in accounting principle						$ 3
Accounting Standards Update 2016-15
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash used by operating activities		507
Net cash provided by investing activities		257
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of products sold		(12)
Retained Earnings | Accounting Standards Update 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle					$ (3)
Accumulated Other Comprehensive Income | Accounting Standards Update 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in accounting principle					$ 3
Cost of Goods, Total [Member] | Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of net benefit to pension and other postretirement		13		25
Selling, General and Administrative Expenses [Member] | Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of net benefit to pension and other postretirement		$ 1		$ 1

Accounting and Reporting Deve46

Accounting and Reporting Developments - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 298	$ 424	$ 301	$ 559
Restricted cash included in prepaid expenses and other current assets	0	2	2	8
Restricted cash included in other non-current assets	9	9	10	9
Total cash, cash equivalents and restricted cash	$ 307	$ 435	$ 313	$ 576

Accounting and Reporting Deve47

Accounting and Reporting Developments - Revenue Recognition (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 3,046	$ 2,161	$ 5,243	$ 4,062
Balance Sheet
Receivables, net	1,790		1,790		$ 1,195	$ 1,041
Inventories	1,737		1,737		1,241	1,385
Prepaid expenses and other current assets	330		330		250	224
Total current assets	4,155		4,155		3,110	3,074
Other non-current assets	776		776		833	832
Total assets	15,360		15,360		10,700	10,663
Accrued liabilities	962		962		774	757
Total current liabilities	3,529		3,529		3,267	3,250
Other non-current liabilities	844		844		695	685
Noncontrolling interests	353		353		323	322
Accumulated earnings	3,232		3,232		3,013
Crown Holdings shareholders’ equity	784		784		610	601
Total equity	1,137	935	1,137	935	933	923	$ 668
Total liabilities and equity	15,360		15,360		10,700	10,663
Statement of Operations
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Income from operations	292	259	513	484
Foreign exchange	10	5	28	4
Income before taxes	201	201	353	380
Provision for income taxes	55	53	94	99
Net income	147	148	260	281
Net income attributable to Crown Holdings	$ 132	$ 128	$ 222	$ 235
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 0.99	$ 0.95	$ 1.66	$ 1.72
Diluted (in usd per share)	$ 0.99	$ 0.94	$ 1.66	$ 1.71
Calculated under Revenue Guidance in Effect before Topic 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 3,051		$ 5,166
Balance Sheet
Receivables, net	1,561		1,561			1,041
Inventories	1,934		1,934			1,385
Prepaid expenses and other current assets	311		311			224
Total current assets	4,104		4,104			3,074
Other non-current assets	778		778			832
Total assets	15,311		15,311			10,663
Accrued liabilities	940		940
Total current liabilities	3,507		3,507			3,250
Other non-current liabilities	835		835			685
Noncontrolling interests	352		352			322
Accumulated earnings	3,215		3,215			3,004
Crown Holdings shareholders’ equity	767		767			601
Total equity	1,119		1,119			923
Total liabilities and equity	15,311		15,311			10,663
Statement of Operations
Cost of products sold, excluding depreciation and amortization	2,472		4,211
Income from operations	291		499
Foreign exchange	7		(25)
Income before taxes	203		342
Provision for income taxes			91
Net income	149		252
Net income attributable to Crown Holdings	$ 134		$ 214
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 1		$ 1.60
Diluted (in usd per share)	$ 1		$ 1.60
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 5		$ (77)
Balance Sheet
Receivables, net	(229)		(229)		154
Inventories	197		197		(144)
Prepaid expenses and other current assets	(19)		(19)		26
Total current assets	(51)		(51)		36
Other non-current assets	2		2		1
Total assets	(49)		(49)		37
Accrued liabilities	(22)		(22)		17
Total current liabilities	(22)		(22)		17
Other non-current liabilities	(9)		(9)		10
Noncontrolling interests	(1)		(1)		1
Accumulated earnings	(17)		(17)		9
Crown Holdings shareholders’ equity	(17)		(17)		9
Total equity	(18)		(18)		10
Total liabilities and equity	(49)		(49)		$ 37
Statement of Operations
Cost of products sold, excluding depreciation and amortization	6		(63)
Income from operations	(1)		(14)
Foreign exchange	(3)		(3)
Income before taxes	2		(11)
Provision for income taxes			(3)
Net income	2		(8)
Net income attributable to Crown Holdings	$ 2		$ (8)
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 0.01		$ (0.06)
Diluted (in usd per share)	$ 0.01		$ (0.06)
Accumulated Earnings
Balance Sheet
Total equity	$ 3,232	$ 2,916	$ 3,232	$ 2,916		$ 3,004	$ 2,621
Statement of Operations
Net income attributable to Crown Holdings			$ 222	$ 235

Acquisition of Signode (Details

Acquisition of Signode (Details) - USD ($) $ in Millions	Apr. 03, 2018	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 4,443	$ 3,046
Signode Industrial Group Holdings (Bermuda) Ltd. [Member]
Business Acquisition [Line Items]
Cash consideration	$ 3,907
Receivables, net	374
Inventories	303
Prepaid expenses and other current assets	45
Intangible assets, net	1,935
Property, plant and equipment, net	462
Other non-current assets	41
Short-term debt	(4)
Accounts payable	(222)
Accrued liabilities	(168)
Long-term debt	(4)
Postretirement and pension liabilities	(51)
Other non-current liabilities	(307)
Total identifiable net assets	2,404
Goodwill	$ 1,503

Acquisition of Signode Narrativ

Acquisition of Signode Narrative (Details)	Apr. 03, 2018USD ($)	Jan. 19, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Jan. 31, 2018EUR (€)	Jan. 31, 2018USD ($)	Dec. 31, 2017EUR (€)
Business Acquisition [Line Items]
Net sales			$ 3,046,000,000	$ 2,161,000,000	$ 5,243,000,000	$ 4,062,000,000
Net Income (Loss) Attributable to Parent			132,000,000	$ 128,000,000	$ 222,000,000	$ 235,000,000
Foreign exchange
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information, Description				21	15	24
Signode Industrial Group Holdings (Bermuda) Ltd. [Member]
Business Acquisition [Line Items]
Net sales			620,000,000		$ 620,000,000
Total consideration	$ 3,900,000,000
Net Income (Loss) Attributable to Parent			$ 3,000,000		$ 3,000,000
€335 at 2.250% due 2023 | Senior Notes and Debentures
Business Acquisition [Line Items]
Debt, face amount							€ 335,000,000	$ 391,000,000	€ 335,000,000
Debt Instrument, Interest Rate, Stated Percentage							2.25%	2.25%	2.25%	2.25%
€500 at 2.875% due 2026 | Senior Notes and Debentures
Business Acquisition [Line Items]
Debt, face amount							€ 500,000,000	$ 583,000,000	€ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage							2.875%	2.875%	2.875%	2.875%
U.S. dollar at 4.75% due 2026 | Senior Notes and Debentures
Business Acquisition [Line Items]
Debt, face amount										$ 875,000,000
Debt Instrument, Interest Rate, Stated Percentage							4.75%	4.75%	4.75%	4.75%
Euro at EURIBOR 1.75% due 20221 | Senior Secured Borrowings
Business Acquisition [Line Items]
Debt, face amount | €							€ 266,000,000				€ 270,000,000
Forward Contracts [Member]
Business Acquisition [Line Items]
Derivative, Loss on Derivative		$ 25,000,000
Fair Value Adjustment to Inventory [Member]
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information, Description						32

Acquisition of Signode Schedu50

Acquisition of Signode Schedule of Intangible Assets (Details) $ in Millions	Apr. 03, 2018USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Trade names - Indefinite lived	$ 535
Finite-lived Intangible Assets Acquired	1,935
Trade names - Definite lived
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 33
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 166
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,201
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years

Acquisition of Signode Pro Fo51

Acquisition of Signode Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net income attributable to Crown Holdings	$ 176	$ 117	$ 244	$ 184
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Basic	$ 1.32	$ 0.86	$ 1.83	$ 1.34
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax, Per Share, Diluted	$ 1.32	$ 0.86	$ 1.82	$ 1.34
Pro forma net sales	$ 3,046	$ 2,736	$ 5,831	$ 5,163

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Deferred Revenue, Revenue Recognized	$ 7
Point in time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,539		$ 2,308
Over time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 1,507	$ 2,935

Revenue - Contract Assets and L

Revenue - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2016
Revenue from Contract with Customer [Abstract]
Contract assets included in prepaid and other current assets	$ 19	$ 26
Contract liabilities included in accrued liabilities	(2)	(1)
Contract liabilities included in other non-current liabilities	(6)	(7)
Net contract asset	$ 11	$ 18

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Receivables [Abstract]
Accounts receivable	$ 1,396		$ 894
Less: allowance for doubtful accounts	(75)		(71)
Net trade receivables	1,321		823
Unbilled receivables	229		0
Miscellaneous receivables	240		218
Receivables, net	$ 1,790	$ 1,195	$ 1,041

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Inventory, Gross [Abstract]
Raw materials and supplies	$ 896		$ 737
Work in process	174		139
Finished goods	667		509
Total inventories	$ 1,737	$ 1,241	$ 1,385

Intangible Assets, net (Details

Intangible Assets, net (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,958	$ 604
Accumulated amortization	(183)	(135)
Net	1,775	469
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	1,623	461
Accumulated amortization	(144)	(108)
Net	1,479	353
Technology
Finite-Lived Intangible Assets [Line Items]
Gross	161	0
Accumulated amortization	(6)	0
Net	155	0
Long term supply contracts
Finite-Lived Intangible Assets [Line Items]
Gross	142	143
Accumulated amortization	(32)	(27)
Net	110	116
Trade names - Definite lived
Finite-Lived Intangible Assets [Line Items]
Gross	32	0
Accumulated amortization	(1)	0
Net	$ 31	$ 0

Intangible Assets, net Narrativ

Intangible Assets, net Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Net	$ 1,775		$ 1,775		$ 469
Amortization of Intangible Assets	41	$ 10	52	$ 20
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Net	3		3		$ 3
Trade names - Definite lived
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 520		$ 520

Restructuring and Other - Restr

Restructuring and Other - Restructuring Charges by Action/Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Reserve [Abstract]
Asset impairments and sales	$ 0	$ 0	$ 7	$ (6)
Restructuring	3	2	6	4
Transaction costs	19	0	22	0
Other Restructuring Costs	(6)	16	(6)	16
Restructuring and other	$ 16	$ 18	$ 29	$ 14

Restructuring and Other - Narra

Restructuring and Other - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Litigation Settlement, Expense		$ 16		$ 16
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$ 0	$ 0	$ (7)	6
European specialty packaging business [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges				$ 5
Other Actions
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	$ 17		$ 17

Asbestos-Related Liabilities -

Asbestos-Related Liabilities - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)inactive_claim	Dec. 31, 2017
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	$ 4
Inactive claims (in claims) | inactive_claim	19,000
Accrued asbestos claims and related legal costs	$ 309
Unasserted claims	$ 259
Percentage of claims that do not specify damages		81.00%

Asbestos-Related Liabilities 61

Asbestos-Related Liabilities - Summary of Claims Activity (Details)	6 Months Ended
	Jun. 30, 2018Claim
Loss Contingency Accrual [Roll Forward]
Beginning claims	55,500
New claims	1,000
Settlements or dismissals	(1,000)
Ending claims	55,500

Asbestos-Related Liabilities 62

Asbestos-Related Liabilities - Summary of Outstanding Claims by Year of Exposure and State Filed (Details) - Claim	Jun. 30, 2018	Dec. 31, 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding	55,500	55,500
Asbestos After 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		16,500
Texas | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		13,000
Pennsylvania | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		1,500
Other states that have enacted asbestos legislation | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		6,000
Other states | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		18,500

Asbestos-Related Liabilities 63

Asbestos-Related Liabilities - Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases (Details)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
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
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 Li64

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
PRP site
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	$ 7
Non- PRP sites
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	$ 9
Penalty Notification Alleging Misclassification of Importation of Certain Goods into U.S. During 2004-2009 | U.S. Customs and Border Protection (CBP)
Commitments And Contingent Liabilities [Line Items]
Assessed penalty		$ 8

Derivative and Other Financia65

Derivative and Other Financial Instruments - Narrative (Details) € in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Jan. 31, 2018EUR (€)	Jan. 31, 2018USD ($)
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.
Loss expected to be reclassified to earnings			$ 6,000,000
Loss, net of tax, expected to be reclassified to earnings			5,000,000
Reclassification of anticipated transactions that were no longer considered probable			$ 0	$ 0
Commodities
Derivative Instruments, Gain (Loss) [Line Items]
Gain on cash flow hedge ineffectiveness		$ 1,000,000		1,000,000
Gain (loss) on cash flow hedge ineffectiveness, net of tax		1,000,000		1,000,000
Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, remaining maturity range			1 month
Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, remaining maturity range			28 months
Derivatives not designated as hedges | Commodities
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of derivative					$ 40,000,000		$ 0
Derivatives not designated as hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of derivative					575,000,000		742,000,000
Derivatives in fair value hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of derivative					60,000,000		72,000,000
Derivatives in fair value hedges | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative amount of fair value hedging adjustment included in the carrying about of the hedged assets					1,000,000		1,000,000
Derivatives in fair value hedges | Designated as Hedging Instrument | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Losses from foreign exchange contracts designated as fair value hedges (less than)	$ 1,000,000	1,000,000	$ 1,000,000	1,000,000
Derivatives designated as net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of hedged net investment						€ 1,124	$ 1,311,000,000
Derivatives designated as net investment hedges | Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Loss on net investment hedge settlements	93,000,000				106,000,000
Loss on net investment hedge settlements, net of tax	71,000,000				$ 88,000,000
Derivatives designated as net investment hedges | Cross Currency Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of derivative								€ 718	$ 875,000,000
Derivatives designated as net investment hedges | Cross Currency Interest Rate Contract on U.S. Notional Amount
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate						4.75%	4.75%
Derivatives designated as net investment hedges | Cross Currency Interest Rate Contract on Euro Notional Amount
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate						2.50%	2.50%
Derivatives designated as net investment hedges | Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Loss on net investment hedge settlements	48,000,000	81,000,000	13,000,000	96,000,000
Loss on net investment hedge settlements, net of tax	$ 48,000,000	$ 65,000,000	$ 17,000,000	$ 77,000,000

Derivative and Other Financia66

Derivative and Other Financial Instruments - Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	$ 3,046	$ 2,161	$ 5,243	$ 4,062
Cost of products sold	2,466	1,732	4,274	3,263
Income Tax Expense (Benefit)	(55)	(53)	(94)	(99)
Net income	147	148	260	281
Designated as Hedging Instrument | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	22	(3)	(5)	18
Designated as Hedging Instrument | Derivatives in cash flow hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	0	5	(3)	3
Designated as Hedging Instrument | Derivatives in cash flow hedges | Commodities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	22	(8)	(2)	15
Reclassification out of Accumulated Other Comprehensive Income | Designated as Hedging Instrument | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) reclassified from AOCI into earnings, before tax	9	13	17	15
Income Tax Expense (Benefit)	(3)	(4)	(5)	(5)
Net income	6	9	12	10
Reclassification out of Accumulated Other Comprehensive Income | Designated as Hedging Instrument | Derivatives in cash flow hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	(1)	6	(1)	3
Cost of products sold	(1)	(4)	(1)	(3)
Reclassification out of Accumulated Other Comprehensive Income | Designated as Hedging Instrument | Derivatives in cash flow hedges | Commodities
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	(3)	0	(5)	0
Cost of products sold	$ 14	$ 11	$ 24	$ 15

Derivative and Other Financia67

Derivative and Other Financial Instruments - Fair Value Hedges and Contracts Not Designated as Hedges (Details) - Derivatives not designated as hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	$ 14	$ (11)	$ 8	$ (18)
Net sales | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	(3)	0	(3)	(1)
Cost of products sold | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	3	(2)	2	(1)
Cost of products sold | Commodities
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	0	9	0	2
Foreign exchange | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	$ (14)	$ 18	$ (9)	$ 18

Derivative and Other Financia68

Derivative and Other Financial Instruments - Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivatives designated as net investment hedges | Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Amount of gain/(loss) recognized in AOCI	$ 36	$ 0	$ 8	$ 0

Derivative and Other Financia69

Derivative and Other Financial Instruments - Fair Values of Derivative Instruments and Valuation Hierarchy (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative assets
Total	$ 44	$ 63
Derivative liabilities
Total	25	23
Fair Value, Inputs, Level 2
Derivative assets
Total	44	63
Derivative liabilities
Total	25	23
Fair Value, Inputs, Level 2 | Other current assets | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	3	28
Fair Value, Inputs, Level 2 | Accrued liabilities | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	2	16
Fair Value, Inputs, Level 2 | Other assets | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	41	35
Fair Value, Inputs, Level 2 | Other liabilities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	23	7
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	9	5
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0	1
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other current assets | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	17	25
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other current assets | Commodities | Derivatives not designated as hedges
Derivative assets
Derivatives designated as hedges, Commodities	0	22
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	11	6
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0	1
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	10	0
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Commodities | Derivatives not designated as hedges
Derivative assets
Derivatives designated as hedges, Commodities	0	15
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other non-current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	1	0
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other non-current assets | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	1	4
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other non-current liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	0	0
Derivatives in cash flow hedges | Fair Value, Inputs, Level 2 | Other non-current liabilities | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	0	0
Derivatives in fair value hedges | Accrued liabilities | Designated as Hedging Instrument
Derivative liabilities
Derivatives designated as hedges, Foreign exchange	18	12
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	2	1
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	3	5
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	2	1
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	2	0
Derivatives designated as net investment hedges | Fair Value, Inputs, Level 2 | Other non-current assets | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	11	0
Derivatives designated as net investment hedges | Fair Value, Inputs, Level 2 | Other non-current liabilities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	$ 0	$ 0

Derivative and Other Financia70

Derivative and Other Financial Instruments - Fair Value Hedge Carrying Amounts (Details) - Derivatives in fair value hedges - Designated as Hedging Instrument - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Cumulative amount of fair value hedging adjustment included in the carrying about of the hedged assets	$ 1	$ 1
Cash and cash equivalents
Derivative [Line Items]
Carrying amount of hedged assets	1	1
Receivables, net
Derivative [Line Items]
Carrying amount of hedged assets	20	15
Accrued liabilities
Derivative [Line Items]
Carrying amount of hedged liabilities	$ (18)	$ (12)

Derivative and Other Financia71

Derivative and Other Financial Instruments - Offsetting of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts Recognized in the Balance Sheet, Derivative Assets	$ 44	$ 63
Gross Amounts Not Offset in the Balance Sheet, Derivative Assets	8	17
Net Amount, Derivative Assets	36	46
Gross Amounts Recognized in the Balance Sheet, Derivative Liabilities	25	23
Gross Amounts Not Offset in the Balance Sheet, Derivative Liabilities	8	17
Net Amount, Derivative Liabilities	$ 17	$ 6

Derivative and Other Financia72

Derivative and Other Financial Instruments - Notional Values of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Foreign exchange | Derivatives not designated as hedges
Derivatives, Fair Value [Line Items]
Notional amount of derivative	$ 742	$ 575
Foreign exchange | Derivatives in cash flow hedges
Derivatives, Fair Value [Line Items]
Notional amount of derivative	694	864
Foreign exchange | Derivatives in fair value hedges
Derivatives, Fair Value [Line Items]
Notional amount of derivative	72	60
Commodities | Derivatives not designated as hedges
Derivatives, Fair Value [Line Items]
Notional amount of derivative	0	40
Commodities | Derivatives in cash flow hedges
Derivatives, Fair Value [Line Items]
Notional amount of derivative	$ 247	$ 276

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details)	6 Months Ended
	Jun. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Apr. 30, 2018EUR (€)	Apr. 30, 2018USD ($)	Jan. 31, 2018EUR (€)	Jan. 31, 2018USD ($)	Dec. 31, 2017EUR (€)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Short-term debt		$ 31,000,000						$ 62,000,000
Principal outstanding
Total long-term debt		9,421,000,000						5,328,000,000
Less: current maturities		(84,000,000)						(64,000,000)
Total long-term debt, less current maturities		9,337,000,000						5,264,000,000
Carrying amount
Total long-term debt		9,320,000,000						5,281,000,000
Less: current maturities		(84,000,000)						(64,000,000)
Total long-term debt, less current maturities		9,236,000,000						5,217,000,000
Capital lease obligations		31,000,000						29,000,000
Senior Secured Borrowings | U.S. dollar at LIBOR 1.75% due 2022
Principal outstanding
Total long-term debt		826,000,000						741,000,000
Carrying amount
Total long-term debt		821,000,000						735,000,000
Senior Secured Borrowings | U.S. dollar at LIBOR 2.00% due 2027
Principal outstanding
Total long-term debt		1,150,000,000						0
Carrying amount
Total long-term debt		1,126,000,000						0
Debt Instrument, Face Amount				$ 1,150,000,000
Senior Secured Borrowings | Euro at EURIBOR 1.75% due 20221
Principal outstanding
Total long-term debt		311,000,000						324,000,000
Carrying amount
Total long-term debt		311,000,000						324,000,000
Debt Instrument, Face Amount | €	€ 266,000,000						€ 270,000,000
Senior Secured Borrowings | Euro at EURIBOR 2.375% due 20252
Principal outstanding
Total long-term debt		875,000,000						0
Carrying amount
Total long-term debt		866,000,000						0
Debt Instrument, Face Amount	€ 750,000,000	875,000,000	€ 750,000,000
Senior Notes and Debentures | €650 at 4.0% due 2022
Principal outstanding
Total long-term debt		758,000,000						781,000,000
Carrying amount
Total long-term debt		$ 752,000,000						774,000,000
Debt instrument stated percentage	4.00%	4.00%
Debt Instrument, Face Amount | €	€ 650,000,000
Senior Notes and Debentures | U. S. dollar at 4.50% due 2023
Principal outstanding
Total long-term debt		$ 1,000,000,000						1,000,000,000
Carrying amount
Total long-term debt		$ 992,000,000						992,000,000
Debt instrument stated percentage	4.50%	4.50%
Senior Notes and Debentures | €335 at 2.250% due 2023
Principal outstanding
Total long-term debt		$ 391,000,000						0
Carrying amount
Total long-term debt		$ 386,000,000						0
Debt instrument stated percentage	2.25%	2.25%			2.25%	2.25%
Debt Instrument, Face Amount	€ 335,000,000	$ 391,000,000			€ 335,000,000
Senior Notes and Debentures | €600 at 2.625% due 2024
Principal outstanding
Total long-term debt		700,000,000						720,000,000
Carrying amount
Total long-term debt		$ 693,000,000						713,000,000
Debt instrument stated percentage	2.625%	2.625%
Debt Instrument, Face Amount | €	€ 600,000,000
Senior Notes and Debentures | €600 at 3.375% due 2025
Principal outstanding
Total long-term debt		$ 700,000,000						720,000,000
Carrying amount
Total long-term debt		$ 693,000,000						711,000,000
Debt instrument stated percentage	3.375%	3.375%
Debt Instrument, Face Amount | €	€ 600,000,000
Senior Notes and Debentures | U.S. dollar at 4.25% due 2026
Principal outstanding
Total long-term debt		$ 400,000,000						400,000,000
Carrying amount
Total long-term debt		$ 394,000,000						393,000,000
Debt instrument stated percentage	4.25%	4.25%
Senior Notes and Debentures | U.S. dollar at 4.75% due 2026
Principal outstanding
Total long-term debt		$ 875,000,000						0
Carrying amount
Total long-term debt		$ 862,000,000						0
Debt instrument stated percentage	4.75%	4.75%			4.75%	4.75%
Debt Instrument, Face Amount						$ 875,000,000
Senior Notes and Debentures | U.S. dollar at 7.375% due 2026
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 | €500 at 2.875% due 2026
Principal outstanding
Total long-term debt		$ 583,000,000						0
Carrying amount
Total long-term debt		$ 575,000,000						0
Debt instrument stated percentage	2.875%	2.875%			2.875%	2.875%
Debt Instrument, Face Amount	€ 500,000,000	$ 583,000,000			€ 500,000,000
Senior Notes and Debentures | U.S. dollar at 7.50% due 2096
Principal outstanding
Total long-term debt		40,000,000						40,000,000
Carrying amount
Total long-term debt		$ 40,000,000						40,000,000
Debt instrument stated percentage	7.50%	7.50%
Other Indebtedness, Fixed Rate
Principal outstanding
Total long-term debt		$ 87,000,000						101,000,000
Carrying amount
Total long-term debt		87,000,000						101,000,000
Revolving Credit Facility | Line of Credit
Principal outstanding
Total long-term debt		344,000,000						122,000,000
Carrying amount
Total long-term debt		$ 344,000,000						$ 122,000,000
London Interbank Offered Rate (LIBOR) | Senior Secured Borrowings | U.S. dollar at LIBOR 1.75% due 2022
Carrying amount
Basis spread on variable rate (as a percent)	1.75%
London Interbank Offered Rate (LIBOR) | Senior Secured Borrowings | U.S. dollar at LIBOR 2.00% due 2027
Carrying amount
Basis spread on variable rate (as a percent)	2.00%
EURIBOR | Senior Secured Borrowings | Euro at EURIBOR 1.75% due 20221
Carrying amount
Basis spread on variable rate (as a percent)	1.75%
EURIBOR | Senior Secured Borrowings | Euro at EURIBOR 2.375% due 20252
Carrying amount
Basis spread on variable rate (as a percent)	2.375%

Debt - Narrative (Details)

Debt - Narrative (Details)	1 Months Ended	6 Months Ended
	Apr. 30, 2018EUR (€)	Jun. 30, 2018EUR (€)	Jun. 30, 2018USD ($)	Apr. 30, 2018USD ($)	Jan. 31, 2018EUR (€)	Jan. 31, 2018USD ($)	Dec. 31, 2017EUR (€)	Dec. 31, 2017USD ($)
Senior Secured Borrowings | Euro at EURIBOR 1.75% due 20221
Debt Instrument [Line Items]
Debt, face amount | €		€ 266,000,000					€ 270,000,000
Senior Secured Borrowings | U.S. dollar at LIBOR 1.75% due 2022 - Term A Loan
Debt Instrument [Line Items]
Debt, face amount				$ 100,000,000
Senior Secured Borrowings | U.S. dollar at LIBOR 2.00% due 2027
Debt Instrument [Line Items]
Debt, face amount				$ 1,150,000,000
Senior Secured Borrowings | Euro at EURIBOR 2.375% due 20252
Debt Instrument [Line Items]
Debt, face amount	€ 750,000,000	€ 750,000,000	$ 875,000,000
Senior Notes and Debentures | U.S. dollar at 4.75% due 2026
Debt Instrument [Line Items]
Debt, face amount						$ 875,000,000
Debt instrument stated percentage		4.75%	4.75%		4.75%	4.75%
Senior Notes and Debentures | €500 at 2.875% due 2026
Debt Instrument [Line Items]
Debt, face amount		€ 500,000,000	$ 583,000,000		€ 500,000,000
Debt instrument stated percentage		2.875%	2.875%		2.875%	2.875%
Senior Notes and Debentures | €335 at 2.250% due 2023
Debt Instrument [Line Items]
Debt, face amount		€ 335,000,000	$ 391,000,000		€ 335,000,000
Debt instrument stated percentage		2.25%	2.25%		2.25%	2.25%
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt, fair value			$ 9,368,000,000					$ 5,562,000,000
London Interbank Offered Rate (LIBOR) | Senior Secured Borrowings | U.S. dollar at LIBOR 2.00% due 2027
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.00%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 1,650,000,000
Minimum | London Interbank Offered Rate (LIBOR) | Term Loan [Member] | Euro And Dollar Term B Loans
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.00%
Maximum | London Interbank Offered Rate (LIBOR) | Term Loan [Member] | Euro And Dollar Term B Loans
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.375%

Pension and Other Postretirem75

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	1	1	2	2
Recognized prior service credit	(10)	(10)	(19)	(20)
Recognized net loss	1	1	2	2
Net periodic cost (benefit)	(8)	(8)	(15)	(16)
Pension Benefits - U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	4	9	7
Interest cost	11	13	23	25
Expected return on plan assets	(21)	(21)	(42)	(41)
Recognized net loss	12	13	24	26
Net periodic cost (benefit)	7	9	14	17
Pension Benefits - Non-U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	7	6	14	12
Interest cost	20	19	39	38
Expected return on plan assets	(40)	(36)	(80)	(71)
Recognized prior service credit	(3)	(3)	(6)	(6)
Recognized net loss	11	11	22	21
Net periodic cost (benefit)	$ (5)	$ (3)	$ (11)	$ (6)

Pension and Other Postretirem76

Pension and Other Postretirement Benefits Amounts reclassified from accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before income taxes	$ 201	$ 201	$ 353	$ 380
Income Tax Expense (Benefit)	(55)	(53)	(94)	(99)
Net income	147	148	260	281
Reclassification out of Accumulated Other Comprehensive Income | Defined benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Actuarial losses	24	25	48	49
Prior service credit	(13)	(13)	(25)	(26)
Income before income taxes	11	12	23	23
Income Tax Expense (Benefit)	0	(4)	(1)	(6)
Net income	$ 11	$ 8	$ 22	$ 17

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Millions	Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Provisional obligation related to transition tax for accumulated foreign earnings	$ 113

Accumulated Other Comprehensi78

Accumulated Other Comprehensive Income - Components (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (3,241)	$ (3,400)
Cumulative effect of change in accounting principle			$ 3
Other comprehensive income before reclassifications	(66)	225
Amounts reclassified from accumulated other comprehensive income	10	7
Other comprehensive income	(53)	232
Balance at end of period	(3,294)	(3,168)
Defined benefit plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,583)	(1,524)
Cumulative effect of change in accounting principle
Other comprehensive income before reclassifications
Amounts reclassified from accumulated other comprehensive income	22	17
Other comprehensive income	22	17
Balance at end of period	(1,561)	(1,507)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,681)	(1,879)
Cumulative effect of change in accounting principle
Other comprehensive income before reclassifications	(61)	207
Amounts reclassified from accumulated other comprehensive income
Other comprehensive income	(61)	207
Balance at end of period	(1,742)	(1,672)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	23	3
Cumulative effect of change in accounting principle			$ 3
Other comprehensive income before reclassifications	(5)	18
Amounts reclassified from accumulated other comprehensive income	(12)	(10)
Other comprehensive income	(14)	8
Balance at end of period	$ 9	$ 11

Accumulated Other Comprehensi79

Accumulated Other Comprehensive Income - Reclassification (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net sales	$ 3,046	$ 2,161	$ 5,243	$ 4,062
Cost of products sold	(2,466)	(1,732)	(4,274)	(3,263)
Income before income taxes	(201)	(201)	(353)	(380)
Provision for income taxes	(55)	(53)	(94)	(99)
Net income	(147)	(148)	(260)	(281)
Total gains on cash flow hedges			10	7
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total gains on cash flow hedges			(12)	(10)
Amortization of defined benefit plan items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total gains on cash flow hedges			22	17
Reclassification out of Accumulated Other Comprehensive Income | Amortization of defined benefit plan items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income before income taxes	(11)	(12)	(23)	(23)
Provision for income taxes	0	(4)	(1)	(6)
Net income	$ (11)	$ (8)	$ (22)	$ (17)

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Transactions) (Details)	6 Months Ended
	Jun. 30, 2018shares
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)	1,053,842
Nonvested stock awards outstanding at end of period (in shares)	2,168,496
Time-vesting shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	1,493,093
Released (in shares)	(353,555)
Forfeitures (in shares)	(7,300)
Performance-based shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	142,154
Released (in shares)	0
Forfeitures (in shares)	(159,738)

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 75
Cost expected to be recognized, weighted average period (in years)	3 years 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
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%
Vesting period for shares awarded (in years)	3 years
Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award term	cliff vest at the end of three 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%
Vesting period for shares awarded (in years)	3 years
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 58.77
Method used for calculation of performance of share	Monte Carlo
Weighted average stock price volatility	19.90%
Expected term (in years)	3 years
Risk free interest rate	2.01%
Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 44.51
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate market value of shares released and issued | $	$ 16
Minimum | Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for shares awarded (in years)	3 years
Maximum | Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for shares awarded (in years)	5 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net income attributable to Crown Holdings	$ 132	$ 128	$ 222	$ 235
Weighted average shares outstanding:
Basic (in shares)	133.6	135.3	133.5	136.9
Add: dilutive stock options and restricted stock (in shares)	0.2	0.4	0.3	0.5
Diluted (in shares)	133.8	135.7	133.8	137.4
Basic earnings per share (in usd per share)	$ 0.99	$ 0.95	$ 1.66	$ 1.72
Diluted earnings per share (in usd per share)	$ 0.99	$ 0.94	$ 1.66	$ 1.71
Value of shares excluded from the computation of diluted earnings per share	0.3	0.1	0.5	0.1

Segment Information - Informati

Segment Information - Information about Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Income from operations	$ 292	$ 259	$ 513	$ 484
Net sales	3,046	2,161	5,243	4,062
Operating Segments
Segment Reporting Information [Line Items]
Income from operations	398	296	651	540
Net sales	2,719	1,877	4,613	3,511
Operating Segments | Americas Beverage
Segment Reporting Information [Line Items]
Income from operations	113	109	211	213
Net sales	848	729	1,606	1,403
Operating Segments | European Beverage
Segment Reporting Information [Line Items]
Income from operations	59	71	114	121
Net sales	405	402	776	705
Operating Segments | European Food
Segment Reporting Information [Line Items]
Income from operations	85	71	141	122
Net sales	514	459	942	838
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Income from operations	47	45	91	84
Net sales	332	287	669	565
Operating Segments | Transit Packaging [Member]
Segment Reporting Information [Line Items]
Income from operations	94	0	94	0
Net sales	620	0	620	0
Segment Reconciling Items | Non-reportable segments
Segment Reporting Information [Line Items]
Income from operations	31	34	62	62
Net sales	327	284	630	551
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	94	63	153	121
Intersegment Eliminations | Americas Beverage
Segment Reporting Information [Line Items]
Net sales	25	17	35	23
Intersegment Eliminations | European Beverage
Segment Reporting Information [Line Items]
Net sales	1	0	1	1
Intersegment Eliminations | European Food
Segment Reporting Information [Line Items]
Net sales	21	19	43	35
Intersegment Eliminations | Transit Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	1	0	1	0
Intersegment Eliminations | Non-reportable segments
Segment Reporting Information [Line Items]
Net sales	46	27	73	62
Intersegment Eliminations | Operating Segments
Segment Reporting Information [Line Items]
Net sales	$ 48	$ 36	$ 80	$ 59

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Intercompany profit eliminated	$ 3	$ 1	$ 4	$ 4
Non-reportable segments
Segment Reporting Information [Line Items]
Segment description			The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, its food can business in North America, its promotional packaging business in Europe and its tooling and equipment operations in the U.S. and U.K.

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	$ 292	$ 259	$ 513	$ 484
Restructuring and other	(16)	(18)	(29)	(14)
Amortization of intangibles	(41)	(10)	(52)	(20)
Fair value adjustment to inventory	(40)	0	(40)	0
Other pension and postretirement	17	12	34	24
Interest expense	(103)	(61)	(177)	(123)
Interest income	5	3	11	6
Foreign exchange	(10)	(5)	(28)	(4)
Income before income taxes	201	201	353	380
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	398	296	651	540
Operating Segments | Americas Beverage
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	113	109	211	213
Operating Segments | European Beverage
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	59	71	114	121
Operating Segments | European Food
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	85	71	141	122
Operating Segments | Asia Pacific
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	47	45	91	84
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Restructuring and other	(16)	(18)	(29)	(14)
Amortization of intangibles	(41)	(10)	(52)	(20)
Other pension and postretirement	17	12	34	24
Loss from early extinguishments of debt	0	(7)	0	(7)
Impact of hedge ineffectiveness	0	(8)	0	(3)
Interest expense	(103)	(61)	(177)	(123)
Interest income	5	3	11	6
Foreign exchange	(10)	(5)	(28)	(4)
Segment Reconciling Items | Non-reportable segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	31	34	62	62
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate and unallocated items	$ (40)	$ (35)	$ (79)	$ (81)

Condensed Combining Financial86

Condensed Combining Financial Information - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Crown Cork & Seal Company Inc | U.S. dollar at 7.375% due 2026
Outstanding senior notes	$ 350
Debt instrument stated percentage	7.375%
Crown Cork & Seal Company Inc | U.S. dollar at 7.50% due 2096
Outstanding senior notes	$ 40
Debt instrument stated percentage	7.50%
Crown Americas, LLC | U. S. dollar at 4.50% due 2023
Outstanding senior notes	$ 1,000
Debt instrument stated percentage	4.50%
Crown Americas, LLC | U.S. dollar at 4.25% due 2026
Outstanding senior notes	$ 400
Debt instrument stated percentage	4.25%
Crown Americas, LLC | U.S. dollar at 4.75% due 2026
Outstanding senior notes	$ 875
Debt instrument stated percentage	4.75%
Guarantors | Crown Americas, LLC
Ownership percentage	100.00%
Issuer [Member] | Crown Cork & Seal Company Inc
Ownership percentage	100.00%
Issuer [Member] | Crown Americas, LLC
Ownership percentage	100.00%

Condensed Combining Financial87

Condensed Combining Financial Information - Condensed Combining Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net sales	$ 3,046	$ 2,161	$ 5,243	$ 4,062
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Depreciation and amortization	113	61	178	120
Selling and administrative expense	159	91	249	181
Restructuring and other	16	18	29	14
Income from operations	292	259	513	484
Other pension and postretirement	(17)	(12)	(34)	(24)
Loss from early extinguishment of debt	0	7	0	7
Foreign exchange	10	5	28	4
Income before income taxes	201	201	353	380
Provision for / (benefit from) income taxes	55	53	94	99
Equity earnings / (loss) in affiliates	1	0	1	0
Net income	147	148	260	281
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	132	128	222	235
Total comprehensive income	28	242	202	515
Comprehensive income attributable to Crown Holdings	16	221	166	467
Restructuring	3	2	6	4
Crown Americas, LLC
Net sales	3,046	2,161	5,243	4,062
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Depreciation and amortization	113	61	178	120
Selling and administrative expense	159	91	249	181
Restructuring and other	16	18	29	14
Income from operations	292	259	513	484
Other pension and postretirement	(17)	(12)	(34)	(24)
Loss from early extinguishment of debt		7		7
Net interest expense	98	58	166	117
Technology royalty			0	0
Foreign exchange	10	5	28	4
Income before income taxes	201	201	353	380
Provision for / (benefit from) income taxes	55	53	94	99
Equity earnings / (loss) in affiliates	1	0	1	0
Net income	147	148	260	281
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	132	128	222	235
Total comprehensive income	28	242	202	515
Comprehensive income attributable to noncontrolling interests	(12)	(21)	(36)	(48)
Comprehensive income attributable to Crown Holdings	16	221	166	467
Crown Americas, LLC | Parent
Net sales
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization
Selling and administrative expense
Restructuring and other	9		9
Income from operations	(9)		(9)
Other pension and postretirement
Net interest expense
Technology royalty
Foreign exchange
Income before income taxes	(9)		(9)
Provision for / (benefit from) income taxes	(2)		(2)
Equity earnings / (loss) in affiliates	139	128	229	235
Net income	132	128	222	235
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	132	128	222	235
Total comprehensive income	16	221	166	467
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	16	221	166	467
Crown Americas, LLC | Issuer
Net sales
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization
Selling and administrative expense	3	3	5	5
Restructuring and other			3
Income from operations	(3)	(3)	(8)	(5)
Other pension and postretirement
Loss from early extinguishment of debt		6		6
Net interest expense	22	16	45	33
Technology royalty
Foreign exchange	(49)	45	7	55
Income before income taxes	24	(70)	(60)	(99)
Provision for / (benefit from) income taxes	6	(27)	(14)	(38)
Equity earnings / (loss) in affiliates	46	51	102	100
Net income	64	8	56	39
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	64	8	56	39
Total comprehensive income	69	11	62	46
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	69	11	62	46
Crown Americas, LLC | Guarantors
Net sales	975	583	1,577	1,132
Cost of products sold, excluding depreciation and amortization	834	501	1,354	976
Depreciation and amortization	32	10	43	20
Selling and administrative expense	63	35	96	68
Restructuring and other	3	1	5	2
Income from operations	43	36	79	66
Other pension and postretirement	(6)	(10)	(11)	(20)
Loss from early extinguishment of debt
Net interest expense	33	23	54	44
Technology royalty	(12)	(9)	(23)	(18)
Foreign exchange		(1)	(1)	(1)
Income before income taxes	28	33	60	61
Provision for / (benefit from) income taxes	8	12	17	20
Equity earnings / (loss) in affiliates	94	90	149	157
Net income	114	111	192	198
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	114	111	192	198
Total comprehensive income	115	115	162	245
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	115	115	162	245
Crown Americas, LLC | Non- Guarantors
Net sales	2,224	1,661	3,916	3,127
Cost of products sold, excluding depreciation and amortization	1,785	1,314	3,170	2,484
Depreciation and amortization	81	51	135	100
Selling and administrative expense	93	53	148	108
Restructuring and other	4	17	12	12
Income from operations	261	226	451	423
Other pension and postretirement	(11)	(2)	(23)	(4)
Loss from early extinguishment of debt		1		1
Net interest expense	43	19	67	40
Technology royalty	12	9	23	18
Foreign exchange	11	6	30	5
Income before income taxes	206	193	354	363
Provision for / (benefit from) income taxes	54	53	91	98
Equity earnings / (loss) in affiliates
Net income	152	140	263	265
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	137	120	225	219
Total comprehensive income	(9)	271	205	542
Comprehensive income attributable to noncontrolling interests	(12)	(21)	(36)	(48)
Comprehensive income attributable to Crown Holdings	(21)	250	169	494
Crown Cork & Seal Company Inc.
Net sales	3,046	2,161	5,243	4,062
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Depreciation and amortization	113	61	178	120
Selling and administrative expense	159	91	249	181
Restructuring and other	16	18	29	14
Income from operations	292	259	513	484
Other pension and postretirement	(17)	(12)	(34)	(24)
Loss from early extinguishment of debt		7		7
Net interest expense	98	58	166	117
Foreign exchange	10	5	28	4
Income before income taxes	201	201	353	380
Provision for / (benefit from) income taxes	55	53	94	99
Equity earnings / (loss) in affiliates	1	0	1	0
Net income	147	148	260	281
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	132	128	222	235
Total comprehensive income	28	242	202	515
Comprehensive income attributable to noncontrolling interests	(12)	(21)	(36)	(48)
Comprehensive income attributable to Crown Holdings	16	221	166	467
Crown Cork & Seal Company Inc. | Parent
Net sales
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization
Selling and administrative expense
Restructuring and other	9		9
Income from operations	(9)		(9)
Other pension and postretirement
Net interest expense
Foreign exchange
Income before income taxes	(9)		(9)
Provision for / (benefit from) income taxes	(2)		(2)
Equity earnings / (loss) in affiliates	139	128	229	235
Net income	132	128	222	235
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	132	128	222	235
Total comprehensive income	16	221	166	467
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	16	221	166	467
Crown Cork & Seal Company Inc. | Issuer
Net sales
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization
Selling and administrative expense	3	2	5	4
Restructuring and other		(1)		(1)
Income from operations	(3)	(1)	(5)	(3)
Other pension and postretirement
Loss from early extinguishment of debt
Net interest expense	19	26	38	46
Foreign exchange
Income before income taxes	(22)	(27)	(43)	(49)
Provision for / (benefit from) income taxes	(5)	(8)	(9)	(18)
Equity earnings / (loss) in affiliates	131	130	226	229
Net income	114	111	192	198
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	114	111	192	198
Total comprehensive income	115	115	162	245
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	115	115	162	245
Crown Cork & Seal Company Inc. | Non- Guarantors
Net sales	3,046	2,161	5,243	4,062
Cost of products sold, excluding depreciation and amortization	2,466	1,732	4,274	3,263
Depreciation and amortization	113	61	178	120
Selling and administrative expense	156	89	244	177
Restructuring and other	7	19	20	15
Income from operations	304	260	527	487
Other pension and postretirement	(17)	(12)	(34)	(24)
Loss from early extinguishment of debt		7		7
Net interest expense	79	32	128	71
Foreign exchange	10	5	28	4
Income before income taxes	232	228	405	429
Provision for / (benefit from) income taxes	62	61	105	117
Equity earnings / (loss) in affiliates	1		1
Net income	171	167	301	312
Net income attributable to noncontrolling interests	(15)	(20)	(38)	(46)
Net income attributable to Crown Holdings	156	147	263	266
Total comprehensive income	52	261	243	546
Comprehensive income attributable to noncontrolling interests	(12)	(21)	(36)	(48)
Comprehensive income attributable to Crown Holdings	40	240	207	498
Eliminations | Crown Americas, LLC
Net sales	(153)	(83)	(250)	(197)
Cost of products sold, excluding depreciation and amortization	(153)	(83)	(250)	(197)
Depreciation and amortization
Selling and administrative expense
Restructuring and other
Other pension and postretirement
Net interest expense
Technology royalty
Foreign exchange	48	(45)	(8)	(55)
Income before income taxes	(48)	45	8	55
Provision for / (benefit from) income taxes	(11)	15	2	19
Equity earnings / (loss) in affiliates	(278)	(269)	(479)	(492)
Net income	(315)	(239)	(473)	(456)
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	(315)	(239)	(473)	(456)
Total comprehensive income	(163)	(376)	(393)	(785)
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	(163)	(376)	(393)	(785)
Eliminations | Crown Cork & Seal Company Inc.
Net sales
Cost of products sold, excluding depreciation and amortization
Depreciation and amortization
Selling and administrative expense
Restructuring and other
Other pension and postretirement
Net interest expense
Foreign exchange
Income before income taxes
Provision for / (benefit from) income taxes
Equity earnings / (loss) in affiliates	(270)	(258)	(455)	(464)
Net income	(270)	(258)	(455)	(464)
Net income attributable to noncontrolling interests
Net income attributable to Crown Holdings	(270)	(258)	(455)	(464)
Total comprehensive income	(155)	(355)	(369)	(743)
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Crown Holdings	$ (155)	(355)	$ (369)	$ (743)
Issuer [Member] | Crown Cork & Seal Company Inc.
Loss from early extinguishment of debt

Condensed Combining Financial88

Condensed Combining Financial Information - Condensed Combining Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Cash and cash equivalents	$ 298		$ 424	$ 301	$ 559
Receivables, net	1,790	$ 1,195	1,041
Inventories	1,737	1,241	1,385
Prepaid expenses and other current assets	330	250	224
Total current assets	4,155	3,110	3,074
Goodwill	4,443		3,046
Intangible assets, net	2,298		472
Property, plant and equipment, net	3,688		3,239
Other non-current assets	776	833	832
Total	15,360	10,700	10,663
Short-term debt	31		62
Current maturities of long-term debt	84		64
Accounts payable	2,452		2,367
Accrued liabilities	962	774	757
Total current liabilities	3,529	3,267	3,250
Long-term debt, excluding current maturities	9,236		5,217
Postretirement and pension liabilities	614		588
Other non-current liabilities	844	695	685
Commitments and contingent liabilities
Noncontrolling interests	353	323	322
Crown Holdings shareholders’ equity/(deficit)	784	610	601
Total equity/(deficit)	1,137	933	923	$ 935	$ 668
Total	15,360	$ 10,700	10,663
Crown Americas, LLC
Cash and cash equivalents	298		424
Receivables, net	1,790		1,041
Intercompany receivables			0
Inventories	1,737		1,385
Prepaid expenses and other current assets	330		224
Total current assets	4,155		3,074
Intercompany debt receivables			0
Investments			0
Goodwill	4,443		3,046
Intangible assets, net	2,298		472
Property, plant and equipment, net	3,688		3,239
Other non-current assets	776		832
Total	15,360		10,663
Short-term debt	31		62
Current maturities of long-term debt	84		64
Accounts payable	2,452		2,367
Accrued liabilities	962		757
Total current liabilities	3,529		3,250
Long-term debt, excluding current maturities	9,236		5,217
Long-term intercompany debt			0
Postretirement and pension liabilities	614		588
Other non-current liabilities	844		685
Commitments and contingent liabilities
Noncontrolling interests	353		322
Crown Holdings shareholders’ equity/(deficit)	784		601
Total equity/(deficit)	1,137		923
Total	15,360		10,663
Crown Americas, LLC | Parent
Cash and cash equivalents
Receivables, net
Intercompany receivables
Inventories
Prepaid expenses and other current assets	2
Total current assets	2
Intercompany debt receivables
Investments	3,320		3,120
Goodwill
Intangible assets, net
Property, plant and equipment, net
Other non-current assets
Total	3,322		3,120
Short-term debt
Current maturities of long-term debt
Accounts payable
Accrued liabilities	14		22
Intercompany payables
Total current liabilities	14		22
Long-term debt, excluding current maturities
Long-term intercompany debt	2,524		2,497
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	784		601
Total equity/(deficit)	784		601
Total	3,322		3,120
Crown Americas, LLC | Issuer
Cash and cash equivalents	18		36
Receivables, net	9
Intercompany receivables
Inventories
Prepaid expenses and other current assets	1		2
Total current assets	28		38
Intercompany debt receivables	2,802		2,523
Investments	2,667		2,479
Goodwill
Intangible assets, net
Property, plant and equipment, net	1		1
Other non-current assets	26		11
Total	5,524		5,052
Short-term debt
Current maturities of long-term debt	27		23
Accounts payable	48
Accrued liabilities			31
Intercompany payables
Total current liabilities	75		54
Long-term debt, excluding current maturities	3,177		2,094
Long-term intercompany debt	717		1,411
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	1,555		1,493
Total equity/(deficit)	1,555		1,493
Total	5,524		5,052
Crown Americas, LLC | Guarantors
Cash and cash equivalents	1		3
Receivables, net	195		29
Intercompany receivables	45		32
Inventories	461		347
Prepaid expenses and other current assets	19		17
Total current assets	721		428
Intercompany debt receivables	3,765		3,325
Investments	480		1,032
Goodwill	1,179		453
Intangible assets, net	938		13
Property, plant and equipment, net	711		515
Other non-current assets	207		311
Total	8,001		6,077
Short-term debt
Current maturities of long-term debt	14		3
Accounts payable	630		547
Accrued liabilities	200		72
Intercompany payables	21		13
Total current liabilities	865		635
Long-term debt, excluding current maturities	1,544		408
Long-term intercompany debt	2,867		2,454
Postretirement and pension liabilities	349		373
Other non-current liabilities	338		338
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	2,038		1,869
Total equity/(deficit)	2,038		1,869
Total	8,001		6,077
Crown Americas, LLC | Non- Guarantors
Cash and cash equivalents	279		385
Receivables, net	1,586		1,012
Intercompany receivables	21		13
Inventories	1,276		1,038
Prepaid expenses and other current assets	308		205
Total current assets	3,470		2,653
Intercompany debt receivables	65		732
Investments
Goodwill	3,264		2,593
Intangible assets, net	1,360		459
Property, plant and equipment, net	2,976		2,723
Other non-current assets	543		510
Total	11,678		9,670
Short-term debt	31		62
Current maturities of long-term debt	43		38
Accounts payable	1,774		1,820
Accrued liabilities	748		632
Intercompany payables	45		32
Total current liabilities	2,641		2,584
Long-term debt, excluding current maturities	4,515		2,715
Long-term intercompany debt	524		218
Postretirement and pension liabilities	265		215
Other non-current liabilities	506		347
Commitments and contingent liabilities
Noncontrolling interests	353		322
Crown Holdings shareholders’ equity/(deficit)	2,874		3,269
Total equity/(deficit)	3,227		3,591
Total	11,678		9,670
Crown Cork & Seal Company Inc.
Cash and cash equivalents	298		424
Receivables, net	1,790		1,041
Inventories	1,737		1,385
Prepaid expenses and other current assets	330		224
Total current assets	4,155		3,074
Goodwill	4,443		3,046
Intangible assets, net	2,298		472
Property, plant and equipment, net	3,688		3,239
Other non-current assets	776		832
Total	15,360		10,663
Short-term debt	31		62
Current maturities of long-term debt	84		64
Accounts payable	2,452		2,367
Accrued liabilities	962		757
Total current liabilities	3,529		3,250
Long-term debt, excluding current maturities	9,236		5,217
Long-term intercompany debt	0
Postretirement and pension liabilities	614		588
Other non-current liabilities	844		685
Commitments and contingent liabilities
Noncontrolling interests	353		322
Crown Holdings shareholders’ equity/(deficit)	784		601
Total equity/(deficit)	1,137		923
Total	15,360		10,663
Crown Cork & Seal Company Inc. | Parent
Cash and cash equivalents
Receivables, net
Inventories
Prepaid expenses and other current assets	2
Total current assets	2
Intercompany debt receivables
Investments	3,320		3,120
Goodwill
Intangible assets, net
Property, plant and equipment, net
Other non-current assets
Total	3,322		3,120
Short-term debt
Current maturities of long-term debt
Accounts payable
Accrued liabilities	14		22
Total current liabilities	14		22
Long-term debt, excluding current maturities
Long-term intercompany debt	2,524		2,497
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	784		601
Total equity/(deficit)	784		601
Total	3,322		3,120
Crown Cork & Seal Company Inc. | Issuer
Cash and cash equivalents
Receivables, net	9		9
Inventories
Prepaid expenses and other current assets
Total current assets	9		9
Intercompany debt receivables
Investments	3,649		3,448
Goodwill
Intangible assets, net
Property, plant and equipment, net
Other non-current assets	163		283
Total	3,821		3,740
Short-term debt
Current maturities of long-term debt
Accounts payable
Accrued liabilities	32		41
Total current liabilities	32		41
Long-term debt, excluding current maturities	387		387
Long-term intercompany debt	1,032		1,107
Postretirement and pension liabilities
Other non-current liabilities	332		336
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	2,038		1,869
Total equity/(deficit)	2,038		1,869
Total	3,821		3,740
Crown Cork & Seal Company Inc. | Non- Guarantors
Cash and cash equivalents	298		424
Receivables, net	1,781		1,032
Inventories	1,737		1,385
Prepaid expenses and other current assets	328		224
Total current assets	4,144		3,065
Intercompany debt receivables	3,556		3,604
Investments
Goodwill	4,443		3,046
Intangible assets, net	2,298		472
Property, plant and equipment, net	3,688		3,239
Other non-current assets	613		549
Total	18,742		13,975
Short-term debt	31		62
Current maturities of long-term debt	84		64
Accounts payable	2,452		2,367
Accrued liabilities	916		694
Total current liabilities	3,483		3,187
Long-term debt, excluding current maturities	8,849		4,830
Long-term intercompany debt
Postretirement and pension liabilities	614		588
Other non-current liabilities	512		349
Commitments and contingent liabilities
Noncontrolling interests	353		322
Crown Holdings shareholders’ equity/(deficit)	4,931		4,699
Total equity/(deficit)	5,284		5,021
Total	18,742		13,975
Eliminations | Crown Americas, LLC
Cash and cash equivalents
Receivables, net
Intercompany receivables	(66)		(45)
Inventories
Prepaid expenses and other current assets
Total current assets	(66)		(45)
Intercompany debt receivables	(6,632)		(6,580)
Investments	(6,467)		(6,631)
Goodwill
Intangible assets, net
Property, plant and equipment, net
Other non-current assets
Total	(13,165)		(13,256)
Short-term debt
Current maturities of long-term debt
Accounts payable
Accrued liabilities
Intercompany payables	(66)		(45)
Total current liabilities	(66)		(45)
Long-term debt, excluding current maturities
Long-term intercompany debt	(6,632)		(6,580)
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	(6,467)		(6,631)
Total equity/(deficit)	(6,467)		(6,631)
Total	(13,165)		(13,256)
Eliminations | Crown Cork & Seal Company Inc.
Cash and cash equivalents
Receivables, net
Inventories
Prepaid expenses and other current assets
Intercompany debt receivables	(3,556)		(3,604)
Investments	(6,969)		(6,568)
Goodwill
Intangible assets, net
Property, plant and equipment, net
Other non-current assets
Total	(10,525)		(10,172)
Short-term debt
Current maturities of long-term debt
Accounts payable
Accrued liabilities
Long-term debt, excluding current maturities
Long-term intercompany debt	(3,556)		(3,604)
Postretirement and pension liabilities
Other non-current liabilities
Commitments and contingent liabilities
Noncontrolling interests
Crown Holdings shareholders’ equity/(deficit)	(6,969)		(6,568)
Total equity/(deficit)	(6,969)		(6,568)
Total	$ (10,525)		$ (10,172)

Condensed Combining Financial89

Condensed Combining Financial Information - Condensed Combining Statement of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Net cash provided by/(used for) operating activities	$ (492)	$ (475)
Capital expenditures	(200)	(200)
Beneficial interests in transferred receivables	335	507
Acquisition of business, net of cash acquired	(3,907)	0
Proceeds from sale of property, plant and equipment	5	5
Payments for (Proceeds from) Hedge, Investing Activities	(25)	0
Net cash (used for) provided by investing activities	(3,792)	312
Proceeds from long-term debt	4,082	1,053
Payments of long-term debt	(37)	(1,103)
Net change in revolving credit facility and short-term debt	201	249
Debt issue costs	(70)	(15)
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Dividend paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,162	(111)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(128)	(263)
Cash, cash equivalents and restricted cash beginning balance	435	576	$ 576
Cash, cash equivalents and restricted cash ending balance	307	313	435
Crown Americas, LLC
Net cash provided by/(used for) operating activities	(492)	(475)
Capital expenditures	(200)	(200)
Beneficial interests in transferred receivables	335	507
Acquisition of business, net of cash acquired	(3,907)
Proceeds from sale of property, plant and equipment	5	5
Foreign exchange derivatives related to an acquisition	(25)
Payments for (Proceeds from) Hedge, Investing Activities		0
Net cash (used for) provided by investing activities	(3,792)	312
Proceeds from long-term debt	4,082	1,053
Payments of long-term debt	(37)	(1,103)
Net change in revolving credit facility and short-term debt	201	249
Debt issue costs	(70)	(15)
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Proceeds from Contributed Capital	0
Dividends paid	0	0
Dividend paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,162	(111)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(128)	(263)
Cash, cash equivalents and restricted cash beginning balance	435	576	576
Cash, cash equivalents and restricted cash ending balance	307	313	435
Crown Americas, LLC | Parent
Net cash provided by/(used for) operating activities	(24)	(13)
Capital expenditures
Beneficial interests in transferred receivables
Acquisition of business, net of cash acquired
Proceeds from sale of property, plant and equipment
Proceeds from Contributions from Affiliates		235
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities		235
Proceeds from long-term debt
Payments of long-term debt
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances	27	47
Debt issue costs
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Proceeds from Contributed Capital
Dividends paid
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	24	(222)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash beginning balance
Cash, cash equivalents and restricted cash ending balance
Crown Americas, LLC | Issuer
Net cash provided by/(used for) operating activities	(45)	(28)
Capital expenditures
Beneficial interests in transferred receivables
Acquisition of business, net of cash acquired
Proceeds from sale of property, plant and equipment
Proceeds from Contributions from Affiliates	(80)
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities	(80)
Proceeds from long-term debt	975	750
Payments of long-term debt	(15)	(1,010)
Net change in revolving credit facility and short-term debt	160	235
Net change in long-term intercompany balances	(973)	22
Debt issue costs	(40)	(14)
Common stock issued
Common stock repurchased
Proceeds from Contributed Capital
Dividends paid
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	107	(17)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Net change in cash, cash equivalents and restricted cash	(18)	(45)
Cash, cash equivalents and restricted cash beginning balance	36	83	83
Cash, cash equivalents and restricted cash ending balance	18	38	36
Crown Americas, LLC | Guarantors
Net cash provided by/(used for) operating activities	32	(23)
Capital expenditures	(36)	(78)
Beneficial interests in transferred receivables
Acquisition of business, net of cash acquired
Proceeds from sale of property, plant and equipment		1
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities	(36)	(77)
Proceeds from long-term debt	1,150	8
Payments of long-term debt	(1)
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances	(1,147)	94
Debt issue costs
Common stock issued
Common stock repurchased
Proceeds from Contributed Capital
Dividends paid
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	2	102
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Net change in cash, cash equivalents and restricted cash	(2)	2
Cash, cash equivalents and restricted cash beginning balance	3
Cash, cash equivalents and restricted cash ending balance	1	2	3
Crown Americas, LLC | Non- Guarantors
Net cash provided by/(used for) operating activities	(454)	(383)
Capital expenditures	(164)	(122)
Beneficial interests in transferred receivables	335	507
Acquisition of business, net of cash acquired	(3,907)
Proceeds from sale of property, plant and equipment	5	4
Proceeds from Contributions from Affiliates
Foreign exchange derivatives related to an acquisition	(25)
Payments for (Proceeds from) Hedge, Investing Activities		0
Net cash (used for) provided by investing activities	(3,756)	389
Proceeds from long-term debt	1,957	295
Payments of long-term debt	(21)	(93)
Net change in revolving credit facility and short-term debt	41	14
Net change in long-term intercompany balances	2,093	(163)
Debt issue costs	(30)	(1)
Common stock issued
Common stock repurchased
Proceeds from Contributed Capital	80
Dividends paid	(1)	(263)
Dividend paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,108	(237)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(108)	(220)
Cash, cash equivalents and restricted cash beginning balance	396	493	493
Cash, cash equivalents and restricted cash ending balance	288	273	396
Crown Cork & Seal Company Inc.
Net cash provided by/(used for) operating activities	(492)	(475)
Capital expenditures	(200)	(200)
Beneficial interests in transferred receivables	335	507
Acquisition of business, net of cash acquired	(3,907)
Proceeds from sale of property, plant and equipment	5	5
Foreign exchange derivatives related to an acquisition	(25)
Net cash (used for) provided by investing activities	(3,792)	312
Proceeds from long-term debt	4,082	1,053
Payments of long-term debt	(37)	(1,103)
Net change in revolving credit facility and short-term debt	201	249
Net change in long-term intercompany balances		0
Debt issue costs	(70)	(15)
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Dividends paid	0	0
Dividend paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,162	(111)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(128)	(263)
Cash, cash equivalents and restricted cash beginning balance	435	576	576
Cash, cash equivalents and restricted cash ending balance	307	313	435
Crown Cork & Seal Company Inc. | Parent
Net cash provided by/(used for) operating activities	(24)	(13)
Capital expenditures
Beneficial interests in transferred receivables
Proceeds from sale of property, plant and equipment
Proceeds from Contributions from Affiliates		235
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities	0	235
Proceeds from long-term debt
Payments of long-term debt
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances	27	47
Debt issue costs
Common stock issued	1	8
Common stock repurchased	(4)	(277)
Dividends paid
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	24	(222)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash beginning balance
Cash, cash equivalents and restricted cash ending balance
Crown Cork & Seal Company Inc. | Issuer
Net cash provided by/(used for) operating activities	(44)	(41)
Capital expenditures
Beneficial interests in transferred receivables
Proceeds from sale of property, plant and equipment
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities
Proceeds from long-term debt
Payments of long-term debt
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances	44	41
Debt issue costs
Common stock issued
Common stock repurchased
Dividends paid
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	44	41
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash beginning balance
Cash, cash equivalents and restricted cash ending balance
Crown Cork & Seal Company Inc. | Non- Guarantors
Net cash provided by/(used for) operating activities	(423)	(413)
Capital expenditures	(200)	(200)
Beneficial interests in transferred receivables	335	507
Acquisition of business, net of cash acquired	(3,907)
Proceeds from sale of property, plant and equipment	5	5
Foreign exchange derivatives related to an acquisition	(25)
Net cash (used for) provided by investing activities	(3,792)	312
Proceeds from long-term debt	4,082	1,053
Payments of long-term debt	(37)	(1,103)
Net change in revolving credit facility and short-term debt	201	249
Net change in long-term intercompany balances	(71)	(88)
Debt issue costs	(70)	(15)
Common stock issued
Common stock repurchased
Dividends paid	(1)	(243)
Dividend paid to noncontrolling interests	(6)	(37)
Foreign exchange derivatives related to debt	(5)	11
Net cash provided by (used for) financing activities	4,093	(173)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	11
Net change in cash, cash equivalents and restricted cash	(128)	(263)
Cash, cash equivalents and restricted cash beginning balance	435	576	576
Cash, cash equivalents and restricted cash ending balance	307	313	435
Eliminations | Crown Americas, LLC
Net cash provided by/(used for) operating activities	(1)	(28)
Capital expenditures
Beneficial interests in transferred receivables
Acquisition of business, net of cash acquired
Proceeds from sale of property, plant and equipment
Proceeds from Contributions from Affiliates	80	(235)
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities	80	(235)
Proceeds from long-term debt
Payments of long-term debt
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances
Debt issue costs
Common stock issued
Common stock repurchased
Proceeds from Contributed Capital	(80)
Dividends paid	1	263
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	(79)	263
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash beginning balance
Cash, cash equivalents and restricted cash ending balance
Eliminations | Crown Cork & Seal Company Inc.
Net cash provided by/(used for) operating activities	(1)	(8)
Capital expenditures
Beneficial interests in transferred receivables
Proceeds from sale of property, plant and equipment
Proceeds from Contributions from Affiliates		(235)
Foreign exchange derivatives related to an acquisition
Net cash (used for) provided by investing activities		(235)
Proceeds from long-term debt
Payments of long-term debt
Net change in revolving credit facility and short-term debt
Net change in long-term intercompany balances
Debt issue costs
Common stock issued
Common stock repurchased
Dividends paid	1	243
Dividend paid to noncontrolling interests
Foreign exchange derivatives related to debt
Net cash provided by (used for) financing activities	1	243
Effect of exchange rate changes on cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash beginning balance
Cash, cash equivalents and restricted cash ending balance