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v3.19.3.a.u2

Quarterly Data (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Quarterly Data (unaudited) |
(in millions) |  | 2019 |  | 2018
|  | First (1) |  | Second (2) |  | Third (3) |  | Fourth (4) |  | First (5) |  | Second (6) |  | Third (7) |  | Fourth (8)
Net sales |  | $ | 2,755 |  |  | $ | 3,035 |  |  | $ | 3,084 |  |  | $ | 2,791 |  |  | $ | 2,197 |  |  | $ | 3,046 |  |  | $ | 3,174 |  |  | $ | 2,734 |
Gross profit * |  | 423 |  |  | 495 |  |  | 508 |  |  | 400 |  |  | 324 |  |  | 467 |  |  | 517 |  |  | 390 |
Income from operations |  | 262 |  |  | 383 |  |  | 352 |  |  | 199 |  |  | 221 |  |  | 292 |  |  | 365 |  |  | 218 |
Net income (loss) attributable to Crown Holdings |  | 103 |  |  | 137 |  |  | 183 |  |  | 87 |  |  | 90 |  |  | 132 |  |  | 164 |  |  | 53 |
Earnings per average common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.77 |  |  | $ | 1.02 |  |  | $ | 1.37 |  |  | $ | 0.65 |  |  | $ | 0.67 |  |  | $ | 0.99 |  |  | $ | 1.23 |  |  | $ | 0.40 |
Diluted |  | 0.77 |  |  | 1.02 |  |  | 1.36 |  |  | 0.64 |  |  | 0.67 |  |  | 0.99 |  |  | 1.23 |  |  | 0.40 |
Average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | 133.8 |  |  | 133.9 |  |  | 133.9 |  |  | 134.0 |  |  | 133.5 |  | 133.6 |  | 133.7 |  |  | 133.7
Diluted |  | 134.4 |  |  | 134.8 |  |  | 135.0 |  |  | 135.2 |  |  | 133.8 |  | 133.8 |  | 133.8 |  | 134.1
* The Company defines gross profit as net sales less cost of products sold and depreciation and amortization. Notes:
(1) | Includes pre-tax charges of $4 for restructuring and other and $6 from early extinguishment of debt and a pension plan curtailment gain of $14.
(2) | Includes pre-tax gains of $45 for restructuring and other, and charges of $31 for a pension plan settlement and $15 to settle a tax contingency.
(3) | Includes pre-tax charges of $6 for pension plan settlements.
(4) | Includes pre-tax charges of $25 for a goodwill impairment, $15 for restructuring and other and $7 for pension plan settlements. Also, includes income tax benefits of $37 primarily related to a deferred tax valuation allowance release.
(5) | Includes pre-tax charges of $13 for restructuring and other and $24 for acquisition costs.
(6) | Includes pre-tax charges of $40 for fair value adjustment to inventory and $16 for restructuring and other.
(7) | Includes a pre-tax benefit of $1 for restructuring and other and income tax charges of $28 related to taxes on distributions of foreign earnings.
(8) Includes pre-tax charges of $16 for restructuring and other and $42 for pension plan settlements.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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