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v3.20.4

Quarterly Data (unaudited) | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Quarterly Data (unaudited) | Quarterly Data (unaudited)
(in millions) |  | 2020 |  | 2019
|  | First (1) |  | Second (2) |  | Third (3) |  | Fourth (4) |  | First (5) |  | Second (6) |  | Third (7) |  | Fourth (8)
Net sales |  | $ | 2,757 |  |  | $ | 2,689 |  |  | $ | 3,167 |  |  | $ | 2,962 |  |  | $ | 2,755 |  |  | $ | 3,035 |  |  | $ | 3,084 |  |  | $ | 2,791 |
Gross profit * |  | 415 |  |  | 417 |  |  | 568 |  |  | 512 |  |  | 423 |  |  | 495 |  |  | 508 |  |  | 400 |
Income from operations |  | 246 |  |  | 275 |  |  | 406 |  |  | 337 |  |  | 262 |  |  | 383 |  |  | 352 |  |  | 199 |
Net income (loss) attributable to Crown Holdings |  | 88 |  |  | 126 |  |  | 214 |  |  | 151 |  |  | 103 |  |  | 137 |  |  | 183 |  |  | 87 |
Earnings per average common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.66 |  |  | $ | 0.95 |  |  | $ | 1.61 |  |  | $ | 1.13 |  |  | $ | 0.77 |  |  | $ | 1.02 |  |  | $ | 1.37 |  |  | $ | 0.65 |
Diluted |  | 0.65 |  |  | 0.94 |  |  | 1.59 |  |  | 1.12 |  |  | 0.77 |  |  | 1.02 |  |  | 1.36 |  |  | 0.64 |
Average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | 134.1 |  |  | 133.3 |  |  | 133.3 |  |  | 133.5 |  |  | 133.8 |  | 133.9 |  | 133.9 |  | 134.0
Diluted |  | 135.0 |  |  | 134.0 |  |  | 134.4 |  |  | 134.7 |  |  | 134.4 |  | 134.8 |  | 135.0 |  | 135.2
* The Company defines gross profit as net sales less cost of products sold and depreciation and amortization. Notes: (1)Includes pre-tax charges of $7 for restructuring and other and $37 for pension plan settlements. (2)Includes pre-tax charges of $3 for restructuring and other and $19 for pension plan settlements. (3)Includes pre-tax charges of $10 for restructuring and other and $5 for pension plan settlements. (4)Includes pre-tax charges of $14 for restructuring and other and $5 for pension plan settlements. (5)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. (6)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. (7)Includes pre-tax charges of $6 for pension plan settlements. (8)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.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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