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Business Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Business Segment Information |
Summary of business by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
($ in millions) | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 1,776 | ​ | $ | 1,463
Beverage packaging, EMEA | ​ | ​ | 1,111 | ​ | ​ | 958
Beverage packaging, South America | ​ | ​ | 585 | ​ | ​ | 544
Reportable segment sales | ​ | ​ | 3,472 | ​ | ​ | 2,965
Other | ​ | ​ | 131 | ​ | ​ | 132
Net sales | ​ | $ | 3,603 | ​ | $ | 3,097
​ | ​ | ​ | ​ | ​ | ​ | ​
Comparable segment operating earnings (a) | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 205 | ​ | $ | 200
Beverage packaging, EMEA | ​ | ​ | 134 | ​ | ​ | 111
Beverage packaging, South America | ​ | ​ | 67 | ​ | ​ | 67
Reportable segment comparable operating earnings | ​ | ​ | 406 | ​ | ​ | 378
Other (b) | ​ | ​ | (19) | ​ | ​ | (26)
​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciling items, net | ​ | ​ | (129) | ​ | ​ | (123)
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings before taxes | ​ | ​ | 258 | ​ | ​ | 229
​
​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciling items: | ​ | ​ | ​ | ​ | ​ | ​
Business consolidation and other activities | ​ | ​ | (11) | ​ | ​ | (13)
Factoring fee expense (c) | ​ | ​ | (10) | ​ | ​ | (10)
FX gain (loss) (c) | ​ | ​ | 19 | ​ | ​ | 7
Intangible amortization | ​ | ​ | (37) | ​ | ​ | (36)
Interest expense | ​ | ​ | (78) | ​ | ​ | (70)
Interest income | ​ | ​ | 10 | ​ | ​ | 7
Stock-based compensation expense (c) | ​ | ​ | (6) | ​ | ​ | (8)
Unrealized gain (loss) on equity-linked notes (c) | ​ | ​ | (14) | ​ | ​ | —
Other, net (c) | ​ | ​ | (2) | ​ | ​ | —
Reconciling items, net | ​ | $ | (129) | ​ | $ | (123)
(a) | The difference between reportable segment net sales and comparable operating earnings is comprised of other segment items. Other segment items include cost of sales, depreciation, and selling, general and administrative, adjusted for other items, identified in (c) below. 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 $38 million and $43 million for the three months ended March 31, 2026, and 2025, respectively.
(c) | During the first quarter of 2026, the company changed its measure of comparable segment operating earnings, to exclude these amounts, as well as interest income and total amortization.
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
($ in millions) | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​
Beverage packaging, North and Central America | ​ | $ | 55 | ​ | $ | 56
Beverage packaging, EMEA | ​ | ​ | 56 | ​ | ​ | 49
Beverage packaging, South America | ​ | ​ | 37 | ​ | ​ | 36
Reportable segment depreciation and amortization | ​ | ​ | 148 | ​ | ​ | 141
Other | ​ | ​ | 11 | ​ | ​ | 9
Depreciation and amortization | ​ | $ | 159 | ​ | $ | 150

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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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