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Segments
 3 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segments Segments
    The Company's business is organized and presented in the two reportable segments outlined below.

    In connection with the Merger, the Company renamed its reportable segments from Flexibles to Global Flexible Packaging Solutions and from Rigid Packaging to Global Rigid Packaging Solutions. The historical results of the Flexibles reportable segment are presented within the Global Flexible Packaging Solutions reportable segment and those of the Rigid Packaging reportable segment within the Global Rigid Packaging Solutions reportable segment.

Global Flexible Packaging Solutions: Consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

Global Rigid Packaging Solutions: Consists of operations that manufacture rigid containers and closures for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications.

    Other consists of the Company's undistributed corporate expenses, including executive and functional compensation costs, equity method and other investments, intercompany eliminations, and other business activities.

    In the fourth quarter of fiscal year 2025, following the Merger with Berry, the Company appointed Chief Operating Officers to lead each of its reportable segments. The Chief Operating Officers report directly to the Company's Chief Operating Decision Maker ("CODM"), which the Company has determined is its Chief Executive Officer. The Company's measure of profit for its reportable segments is adjusted earnings before interest and taxes ("Adjusted EBIT"). The Company defines Adjusted EBIT as operating income adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include equity in income/(loss) of affiliated companies, net of tax. The Company's management, including the CODM, uses Adjusted EBIT to evaluate segment performance and allocate resources. The Company's CODM uses consolidated expense information in the evaluation of segment performance and to allocate resources and is not regularly provided disaggregated expense information for each of the reportable segments.

    The accounting policies of the reportable segments are the same as those in the unaudited condensed consolidated financial statements.

    The following table presents information about reportable segments. Intersegment sales are not material and therefore are not presented in the table below:
Three Months Ended September 30,
($ in millions)20252024
Global Flexible Packaging Solutions
$3,257 $2,552 
Global Rigid Packaging Solutions
2,488 801 
Net sales$5,745 $3,353 
Global Flexible Packaging Solutions$(2,831)$(2,223)
Global Rigid Packaging Solutions(2,193)(739)
Other(34)(26)
Segment expenses and other (1)$(5,058)$(2,988)
Adjusted earnings before interest and taxes ("Adjusted EBIT")
Global Flexible Packaging Solutions
$426 $329 
Global Rigid Packaging Solutions
295 62 
Other(34)(26)
Adjusted EBIT687 365 
Less: Amortization of acquired intangible assets from business combinations (2)(133)(39)
Less: Impact of hyperinflation (3)(11)(2)
Less: Transaction costs (4)(22)— 
Less: Restructuring, integration and related expenses, net (5)(53)(6)
Less: Other (6)(4)(7)
Interest income15 11 
Interest expense(168)(86)
Equity in (income)/loss of affiliated companies, net of tax(2)— 
Income before income taxes and equity in (income)/loss of affiliated companies$309 $236 

(1)Segment expenses and other includes primarily cost of goods sold, selling, general, and administrative expenses, research and development expenses, other income/(expenses), net, and other non-operating income.
(2)Amortization of acquired intangible assets from business combinations includes amortization expense related to all acquired intangible assets from past acquisitions.
(3)Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso.
(4)Transaction costs includes incremental costs related to the Merger. Refer to Note 4 "Restructuring, Transaction, and Integration Expenses, Net".
(5)For the three months ended September 30, 2025, Restructuring, integration and related expenses, net, primarily includes costs incurred in connection with the Berry Plan. For the three months ended September 30, 2024, Restructuring, integration and related expenses, net includes expenses relating to 2023 Restructuring Plan. Refer to Note 5 - "Restructuring" for further information.
(6)For the three months ended September 30, 2025, Other includes various expense and income items primarily relating to legal matters. For the three months ended September 30, 2024, Other includes various expense and income items primarily relating to an impairment charge of $4 million (refer to Note 8 - "Fair Value Measurements"), and fair value movements on economic hedges.

    
    The tables below present additional financial information by reportable segments:

    Capital expenditures for the acquisition of long-lived assets by reportable segment were:
Three Months Ended September 30,
($ in millions)20252024
Global Flexible Packaging Solutions$122 $103 
Global Rigid Packaging Solutions116 41 
Other— 1 
Total capital expenditures for the acquisition of long-lived assets$238 $145 

    Depreciation and amortization on long-lived assets by reportable segment were:
Three Months Ended September 30,
($ in millions)20252024
Global Flexible Packaging Solutions$173 $107 
Global Rigid Packaging Solutions185 31 
Other4 2 
Total depreciation and amortization on long-lived assets$362 $140 


    Total assets by segment are not disclosed as the CODM does not use total assets by segment to evaluate segment performance or allocate resources and capital.

    The following table disaggregates net sales by geography in which the Company operates based on manufacturing or selling operations:

Three Months Ended September 30,
20252024
($ in millions)Global Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotalGlobal Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotal
North America$1,544 $1,387 $2,931 $1,032 $605 $1,637 
Latin America267 192 459 271 196 467 
Europe1,050 820 1,870 838 — 838 
Asia Pacific396 89 485 411 — 411 
Net sales$3,257 $2,488 $5,745 $2,552 $801 $3,353