Segment Information

3 Months Ended

Mar. 31, 2020

The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. The Company defines segment income as income from operations adjusted to exclude intangibles amortization charges, provisions for asbestos and restructuring and other, and the impact of fair value adjustments to inventory acquired in an acquisition.

Segment income should not be considered in isolation or as a substitute for net income 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,
	2020		2019
Americas Beverage	$	871	$	788
European Beverage	346		339
European Food	402		423
Asia Pacific	301		321
Transit Packaging	522		569
Total reportable segments	2,442		2,440
Non-reportable segments	315		315
Total	$	2,757	$	2,755

The primary sources of revenue included in non-reportable segments are the Company's food can and closures business in North America, aerosol can businesses in North America and Europe, 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,
	2020		2019
Americas Beverage	$	6	$	4
European Beverage	1		1
European Food	21		18
Transit Packaging	4		3
Total reportable segments	32		26
Non-reportable segments	29		26
Total	$	61	$	52

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,
	2020		2019
Americas Beverage	$	134	$	113
European Beverage	39		39
European Food	33		48
Asia Pacific	45		45
Transit Packaging	66		73
Total reportable segments	$	317	$	318

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



	Three Months Ended
	March 31,
	2020			2019
Segment income of reportable segments	$	317		$	318
Segment income of non-reportable segments	19			36
Corporate and unallocated items	(38		)	(39		)
Restructuring and other	(7		)	(4		)
Amortization of intangibles	(45		)	(47		)
Accelerated depreciation	—			(2		)
Other pension and postretirement	(31		)	18
Loss from early extinguishments of debt	—			(6		)
Interest expense	(80		)	(98		)
Interest income	4			3
Foreign exchange	12			(1		)
Income before income taxes	$	151		$	178

For the three months ended March 31, 2020, intercompany profits of less than $1 were eliminated within segment income of non-reportable segments.

For the three months ended March 31, 2019, intercompany profits of $1 were eliminated within segment income of non-reportable segments.

Corporate and unallocated items includes corporate and division administrative costs, technology costs, and unallocated items such as stock-based compensation.