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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Segment Information |
Summary of business by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
($ in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 1,613 | ​ | $ | 1,469 | ​ | $ | 3,076 | ​ | $ | 2,872
Beverage packaging, EMEA | ​ | ​ | 1,050 | ​ | ​ | 880 | ​ | ​ | 1,953 | ​ | ​ | 1,690
Beverage packaging, South America | ​ | ​ | 477 | ​ | ​ | 422 | ​ | ​ | 1,021 | ​ | ​ | 904
Reportable segment sales | ​ | ​ | 3,140 | ​ | ​ | 2,771 | ​ | ​ | 6,050 | ​ | ​ | 5,466
Other | ​ | ​ | 198 | ​ | ​ | 188 | ​ | ​ | 385 | ​ | ​ | 367
Net sales | ​ | $ | 3,338 | ​ | $ | 2,959 | ​ | $ | 6,435 | ​ | $ | 5,833
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Comparable segment operating earnings (a) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 208 | ​ | $ | 210 | ​ | $ | 403 | ​ | $ | 402
Beverage packaging, EMEA | ​ | ​ | 129 | ​ | ​ | 113 | ​ | ​ | 225 | ​ | ​ | 198
Beverage packaging, South America | ​ | ​ | 51 | ​ | ​ | 37 | ​ | ​ | 120 | ​ | ​ | 92
Reportable segment comparable operating earnings | ​ | ​ | 388 | ​ | ​ | 360 | ​ | ​ | 748 | ​ | ​ | 692
Reconciling items | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other (b) | ​ | ​ | 8 | ​ | ​ | 2 | ​ | ​ | (7) | ​ | ​ | (70)
Business consolidation and other activities | ​ | ​ | (12) | ​ | ​ | (60) | ​ | ​ | (25) | ​ | ​ | (86)
Amortization of acquired intangibles | ​ | ​ | (35) | ​ | ​ | (33) | ​ | ​ | (68) | ​ | ​ | (71)
Interest expense | ​ | ​ | (81) | ​ | ​ | (68) | ​ | ​ | (151) | ​ | ​ | (161)
Debt refinancing and other costs | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | — | ​ | ​ | (3)
Earnings before taxes | ​ | $ | 268 | ​ | $ | 200 | ​ | $ | 497 | ​ | $ | 301
(a) | The difference between reportable segment net sales and comparable operating earnings is comprised of other segment items. Other segment items includes cost of sales, depreciation and amortization, selling, general and administrative and interest income amounts. The CODM does not receive or use these amounts at the reportable segment level. However, the CODM is provided these amounts at a consolidated level to manage operations.
(b) | Includes undistributed corporate expenses, net, of $30 million and $21 million for the three months ended June 30, 2025 and 2024, respectively, and $73 million and $117 million for the six months ended June 30, 2025 and 2024, respectively. Undistributed corporate expenses, net, includes corporate interest income of $12 million for the three months ended June 30, 2024, and $1 million and $29 million for the six months ended June 30, 2025 and 2024, respectively. For the three and six months ended June 30, 2024, undistributed corporate expenses, net, includes $3 million and $82 million of incremental compensation cost from the successful sale of the aerospace business, respectively.
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
($ in millions) |  | 2025 |  | 2024 | ​ | 2025 |  | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 56 | ​ | $ | 53 | ​ | $ | 112 | ​ | $ | 107
Beverage packaging, EMEA | ​ | ​ | 49 | ​ | ​ | 46 | ​ | ​ | 96 | ​ | ​ | 93
Beverage packaging, South America | ​ | ​ | 36 | ​ | ​ | 38 | ​ | ​ | 72 | ​ | ​ | 79
Reportable segment depreciation and amortization | ​ | ​ | 141 | ​ | ​ | 137 | ​ | ​ | 280 | ​ | ​ | 279
Other | ​ | ​ | 14 | ​ | ​ | 15 | ​ | ​ | 25 | ​ | ​ | 31
Depreciation and amortization | ​ | $ | 155 | ​ | $ | 152 | ​ | $ | 305 | ​ | $ | 310
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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