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Segment Information
3 Months Ended
Mar. 31, 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 updated 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
 
Three Months Ended
 
March 31
 
2018
 
2017
Americas Beverage
$
758

 
$
674

European Beverage
371

 
303

European Food
428

 
379

Asia Pacific
337

 
278

Total reportable segments
1,894

 
1,634

Non-reportable segments
303

 
267

Total
$
2,197

 
$
1,901




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
 
Three Months Ended
 
March 31
 
2018
 
2017
Americas Beverage
$
10

 
$
6

European Beverage

 
1

European Food
22

 
16

Asia Pacific

 

Total reportable segments
32

 
23

Non-reportable segments
27

 
35

Total
$
59

 
$
58




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
 
Three Months Ended
 
March 31
 
2018
 
2017
Americas Beverage
$
98

 
$
104

European Beverage
55

 
50

European Food
56

 
51

Asia Pacific
44

 
39

Total reportable segments
$
253

 
$
244




A reconciliation of segment income of reportable segments to income before income taxes is as follows:

 
Three Months Ended
 
March 31
 
2018

2017
Segment income of reportable segments
$
253

 
$
244

Segment income of non-reportable segments
31

 
28

Corporate and unallocated items
(39
)
 
(41
)
Restructuring and other
(13
)
 
4

Amortization of intangibles
(11
)
 
(10
)
Other pension and postretirement
17

 
12

Interest expense
(74
)
 
(62
)
Interest income
6

 
3

Foreign exchange
(18
)
 
1

Income before income taxes
$
152

 
$
179



For the three months ended March 31, 2018 and 2017, intercompany profit of $1 and $3 was eliminated within segment income of non-reportable segments.
 
Corporate and unallocated items includes corporate and division administrative costs, technology costs and fair value adjustments for the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness.