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Segment Reporting (Tables)

3 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Information About Reportable Segments

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)																		2025						2024
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 EBIT																		687						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 income																		15						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.

Reconciliation of Assets from Segment to Consolidated

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)						2025						2024
Global Flexible Packaging Solutions						$	122					$	103
Global Rigid Packaging Solutions						116						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)						2025						2024
Global Flexible Packaging Solutions						$	173					$	107
Global Rigid Packaging Solutions						185						31
Other						4						2
Total depreciation and amortization on long-lived assets						$	362					$	140

Schedule of Disaggregation of Revenue by Segments

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

						Three Months Ended September 30,
						2025																		2024
($ in millions)						Global Flexible Packaging Solutions						Global Rigid Packaging Solutions						Total						Global Flexible Packaging Solutions						Global Rigid Packaging Solutions						Total
North America						$	1,544					$	1,387					$	2,931					$	1,032					$	605					$	1,637
Latin America						267						192						459						271						196						467
Europe						1,050						820						1,870						838						—						838
Asia Pacific						396						89						485						411						—						411
Net sales						$	3,257					$	2,488					$	5,745					$	2,552					$	801					$	3,353

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