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Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s business is generally organized by product line and geography within four divisions: Americas, Europe, Asia Pacific and Transit Packaging. Within the Americas and European divisions, the Company has determined that it has the following reportable segments: Americas Beverage within the Americas, and European Beverage and European Food within Europe. The Company's Asia Pacific and Transit Packaging Divisions are reportable segments. Non-reportable segments include the Company’s aerosol can businesses in North America and Europe, the Company's food can business in North America, the Company’s promotional packaging business in Europe and the Company’s tooling and equipment operations in the U.S. and United Kingdom. The Company evaluates performance and allocates resources based on segment income. Segment income, which is not a defined term under GAAP, is defined by the Company as income from operations adjusted to exclude intangibles amortization charges, provisions for asbestos and restructuring and other, the impact of fair value adjustments related to inventory acquired in an acquisition and the timing impact of hedge ineffectiveness. 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. Effective January 1, 2018, the Company made changes to its segment reporting to reflect refinements to its internal reporting. The North America Food segment was classified as a non-reportable segment. Additionally, the Company revised its definition of segment income to also exclude intangibles amortization charges. Prior period segment income amounts have been recast to conform to current year presentation of intangible amortization charges and new guidance related to the presentation of pension and other postretirement benefit costs discussed in Note A. The tables below present information about operating segments for the three years ended December 31, 2018, 2017 and 2016:
2018 |  |  | Inter- |  |  |  |  |  |  |  |
| External |  | segment |  | Segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | assets |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 3,282 |  |  | $ | 53 |  |  | $ | 3,388 |  |  | $ | 84 |  |  | $ | 111 |  |  | $ | 454 |
European Beverage | 1,489 |  |  | 1 |  |  | 1,705 |  |  | 38 |  |  | 121 |  |  | 193 |
European Food | 1,982 |  |  | 69 |  |  | 2,792 |  |  | 39 |  |  | 17 |  |  | 257 |
Asia Pacific | 1,316 |  |  | — |  |  | 1,558 |  |  | 48 |  |  | 130 |  |  | 186 |
Transit Packaging | 1,800 |  |  | 5 |  |  | 4,415 |  |  | 43 |  |  | 24 |  |  | $ | 255 |
Total reportable segments | 9,869 |  |  | 128 |  |  | 13,858 |  |  | 252 |  |  | 403 |  |  | $ | 1,345 |
Non-reportable segments | 1,282 |  |  | 142 |  |  | 1,066 |  |  | 18 |  |  | 27 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 338 |  |  | 7 |  |  | 32 |  |  |
Total | $ | 11,151 |  |  | $ | 270 |  |  | $ | 15,262 |  |  | $ | 277 |  |  | $ | 462 |  |  |  |
2017 |  |  | Inter- |  |  |  |  |  |  |  |
| External |  | segment |  | Segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | assets |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 2,928 |  |  | $ | 34 |  |  | $ | 3,253 |  |  | $ | 75 |  |  | $ | 167 |  |  | $ | 470 |
European Beverage | 1,457 |  |  | 2 |  |  | 1,631 |  |  | 35 |  |  | 109 |  |  | 235 |
European Food | 1,935 |  |  | 70 |  |  | 2,964 |  |  | 35 |  |  | 45 |  |  | 264 |
Asia Pacific | 1,177 |  |  | — |  |  | 1,355 |  |  | 42 |  |  | 123 |  |  | 168 |
Total reportable segments | 7,497 |  |  | 106 |  |  | 9,203 |  |  | 187 |  |  | 444 |  |  | $ | 1,137 |
Non-reportable segments | 1,201 |  |  | 116 |  |  | 1,039 |  |  | 17 |  |  | 27 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 421 |  |  | 4 |  |  | 27 |  |  |
Total | $ | 8,698 |  |  | $ | 222 |  |  | $ | 10,663 |  |  | $ | 208 |  |  | $ | 498 |  |  |
2016 |  |  | Inter- |  |  |  |  |  |  |  |
| External |  | segment |  | Segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | assets |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 2,757 |  |  | $ | 50 |  |  | $ | 2,886 |  |  | $ | 71 |  |  | $ | 220 |  |  | $ | 456 |
European Beverage | 1,420 |  |  | 3 |  |  | 1,381 |  |  | 32 |  |  | 94 |  |  | 240 |
European Food | 1,855 |  |  | 59 |  |  | 2,557 |  |  | 36 |  |  | 42 |  |  | 260 |
Asia Pacific | 1,116 |  |  | — |  |  | 1,161 |  |  | 40 |  |  | 80 |  |  | 152 |
Total reportable segments | 7,148 |  |  | 112 |  |  | 7,985 |  |  | 179 |  |  | 436 |  |  | $ | 1,108 |
Non-reportable segments | 1,136 |  |  | 153 |  |  | 1,034 |  |  | 16 |  |  | 23 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 580 |  |  | 11 |  |  | 14 |  |  |
Total | $ | 8,284 |  |  | $ | 265 |  |  | $ | 9,599 |  |  | $ | 206 |  |  | $ | 473 |  |  |
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. Corporate and unallocated items include corporate and division administrative costs, technology costs, and unallocated items such as the U.S. and U.K. pension plan costs. A reconciliation of segment income of reportable segments to income before income taxes for the three years ended December 31, 2018, 2017 and 2016 follows:
| 2018 |  | 2017 |  | 2016
Segment income of reportable segments | $ | 1,345 |  |  | $ | 1,137 |  |  | $ | 1,108 |
Segment income of non-reportable segments | 122 |  |  | 123 |  |  | 123 |
Corporate and unallocated items | (139 | ) |  | (143 | ) |  | (142 | )
Provision for asbestos | — |  |  | (3 | ) |  | (21 | )
Restructuring and other | (44 | ) |  | (51 | ) |  | (30 | )
Amortization of intangibles | (148 | ) |  | (39 | ) |  | (41 | )
Loss from early extinguishments of debt | — |  |  | (7 | ) |  | (37 | )
Fair value adjustment to inventory | (40 | ) |  | — |  |  | — |
Other pension and postretirement | 25 |  |  | 53 |  |  | 24 |
Interest expense | (384 | ) |  | (252 | ) |  | (243 | )
Interest income | 21 |  |  | 15 |  |  | 12 |
Foreign exchange | (18 | ) |  | (4 | ) |  | 16 |
Income before income taxes | $ | 740 |  |  | $ | 829 |  |  | $ | 769 |
For the three years ended December 31, 2018, 2017 and 2016, intercompany profit of $7, $8 and $13 was eliminated within segment income of non-reportable segments. For the three years ended December 31, 2018, 2017 and 2016, no one customer accounted for more than 10% of the Company's consolidated net sales. Sales by major product were:
| 2018 |  | 2017 |  | 2016
Metal beverage cans and ends | $ | 5,551 |  |  | $ | 5,085 |  |  | $ | 4,834 |
Metal food cans and ends | 2,452 |  |  | 2,331 |  |  | 2,213 |
Transit packaging | 1,800 |  |  | — |  |  | — |
Other metal packaging | 884 |  |  | 887 |  |  | 877 |
Other products | 464 |  |  | 395 |  |  | 360 |
Consolidated net sales | $ | 11,151 |  |  | $ | 8,698 |  |  | $ | 8,284 |
The following table provides sales and long-lived asset information for the major countries in which the Company operates. Long-lived assets includes property, plant and equipment attributed to the specific countries listed below.
| Net Sales |  | Long-Lived Assets
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017
United States | $ | 3,018 |  |  | $ | 1,931 |  |  | $ | 1,918 |  |  | $ | 694 |  |  | $ | 516 |
Mexico | 763 |  |  | 699 |  |  | 688 |  |  | 434 |  |  | 388 |
Brazil | 732 |  |  | 652 |  |  | 523 |  |  | 350 |  |  | 335 |
United Kingdom | 685 |  |  | 600 |  |  | 559 |  |  | 139 |  |  | 150 |
Spain | 666 |  |  | 649 |  |  | 645 |  |  | 346 |  |  | 323 |
Other | 5,287 |  |  | 4,167 |  |  | 3,951 |  |  | 1,782 |  |  | 1,527 |
Consolidated total | $ | 11,151 |  |  | $ | 8,698 |  |  | $ | 8,284 |  |  | $ | 3,745 |  |  | $ | 3,239 |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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