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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s business is generally organized by product line and geography. The Company has determined that it has the following reportable segments: Americas Beverage, European Beverage, Asia Pacific and Transit Packaging. Other includes the Company's food can, aerosol can and closures businesses in North America, and beverage tooling and equipment operations in the U.S. and U.K. 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, Restructuring and other, net and the impact of fair value adjustments related to inventory acquired in an acquisition. 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 operating segments reported as continuing operations for the three years ended December 31, 2022, 2021 and 2020:
2022 |  |  | Inter- |  |  |  |  |  |
| External |  | segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 5,126 |  |  | $ | 7 |  |  | $ | 128 |  |  | $ | 380 |  |  | $ | 742 |
European Beverage | 2,114 |  |  | 89 |  |  | 48 |  |  | 282 |  |  | 144 |
Asia Pacific | 1,615 |  |  | — |  |  | 62 |  |  | 51 |  |  | 172 |
Transit Packaging | 2,545 |  |  | 36 |  |  | 41 |  |  | 64 |  |  | 281 |
Total reportable segments | 11,400 |  |  | 132 |  |  | 279 |  |  | 777 |  |  | $ | 1,339 |
Other | 1,543 |  |  | 103 |  |  | 18 |  |  | 61 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 4 |  |  | 1 |  |  |
Total | $ | 12,943 |  |  | $ | 235 |  |  | $ | 301 |  |  | $ | 839 |  |  |
2021 |  |  | Inter- |  |  |  |  |  |
| External |  | segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 4,441 |  |  | $ | — |  |  | $ | 108 |  |  | $ | 508 |  |  | $ | 756 |
European Beverage | 1,843 |  |  | 133 |  |  | 51 |  |  | 55 |  |  | 259 |
Asia Pacific | 1,322 |  |  | — |  |  | 61 |  |  | 68 |  |  | 182 |
Transit Packaging | 2,530 |  |  | 25 |  |  | 41 |  |  | 58 |  |  | 318 |
Total reportable segments | 10,136 |  |  | 158 |  |  | 261 |  |  | 689 |  |  | $ | 1,515 |
Other | 1,258 |  |  | 114 |  |  | 17 |  |  | 58 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 4 |  |  | 40 |  |  |
Total | $ | 11,394 |  |  | $ | 272 |  |  | $ | 282 |  |  | $ | 787 |  |  |
2020 |  |  | Inter- |  |  |  |  |  |
| External |  | segment |  |  |  | Capital |  | Segment
| sales |  | sales |  | Depreciation |  | expenditures |  | income
Americas Beverage | $ | 3,565 |  |  | $ | 2 |  |  | $ | 93 |  |  | $ | 333 |  |  | $ | 652 |
European Beverage | 1,473 |  |  | 39 |  |  | 47 |  |  | 72 |  |  | 215 |
Asia Pacific | 1,168 |  |  | — |  |  | 56 |  |  | 69 |  |  | 175 |
Transit Packaging | 2,018 |  |  | 13 |  |  | 45 |  |  | 40 |  |  | 254 |
Total reportable segments | 8,224 |  |  | 54 |  |  | 241 |  |  | 514 |  |  | $ | 1,296 |
Other | 1,168 |  |  | 100 |  |  | 15 |  |  | 30 |  |  |
Corporate and unallocated items | — |  |  | — |  |  | 4 |  |  | 10 |  |  |
Total | $ | 9,392 |  |  | $ | 154 |  |  | $ | 260 |  |  | $ | 554 |  |  |
The company does not disclose total assets by segment as it is not provided to the chief operating decision maker. Intersegment sales primarily include sales of cans, ends and parts and equipment used in the manufacturing process. Corporate and unallocated items include corporate and administrative costs, technology costs, and unallocated items such as stock-based compensation. A reconciliation of segment income of reportable segments to income before income taxes for the three years ended December 31, 2022, 2021 and 2020 follows:
| 2022 |  | 2021 |  | 2020
Segment income of reportable segments | $ | 1,339 |  |  | $ | 1,515 |  |  | $ | 1,296 |
Other | 240 |  |  | 144 |  |  | 114 |
Corporate and unallocated items | (136) |  |  | (159) |  |  | (170) |
Restructuring and other | 52 |  |  | 28 |  |  | (30) |
Amortization of intangibles | (159) |  |  | (165) |  |  | (162) |
Loss from early extinguishments of debt | (11) |  |  | (68) |  |  | — |
Other pension and postretirement | 16 |  |  | (1,515) |  |  | (43) |
Interest expense | (284) |  |  | (253) |  |  | (290) |
Interest income | 15 |  |  | 9 |  |  | 8 |
Foreign exchange | (16) |  |  | 45 |  |  | 2 |
Income / (loss) from continuing operations before income taxes and equity in net earnings of affiliates | $ | 1,056 |  |  | $ | (419) |  |  | $ | 725 |
For the three years ended December 31, 2022, 2021 and 2020, intercompany profit of $19, $8 and $9 was eliminated within segment income of other. For the years ended December 31, 2022 and 2021, two customers each accounted for 12% and 11%, of the Company's consolidated net sales. For the year ended December 31, 2020 the same two customers accounted for 11% and 10%, of the Company's consolidated net sales. These customers are global beverage companies served by the Company's beverage operations in the Americas, Europe and Asia. Sales by major product were:
| 2022 |  | 2021 |  | 2020
Metal beverage cans and ends | $ | 8,096 |  |  | $ | 6,982 |  |  | $ | 5,716 |
Transit packaging | 2,545 |  |  | 2,530 |  |  | 2,018 |
Metal food cans and ends | 1,099 |  |  | 789 |  |  | 733 |
Other products | 598 |  |  | 580 |  |  | 451 |
Other metal packaging | 605 |  |  | 513 |  |  | 474 |
Consolidated net sales | $ | 12,943 |  |  | $ | 11,394 |  |  | $ | 9,392 |
The following table provides sales and long-lived asset information for the major countries in which the Company operates. Long-lived assets comprises property, plant and equipment.
| Net Sales |  | Long-Lived Assets
| 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021
United States | $ | 4,740 |  |  | $ | 4,182 |  |  | $ | 3,586 |  |  | $ | 1,557 |  |  | $ | 1,259 |
Mexico | 1,080 |  |  | 896 |  |  | 681 |  |  | 464 |  |  | 437 |
Brazil | 1,011 |  |  | 933 |  |  | 706 |  |  | 530 |  |  | 510 |
Canada | 893 |  |  | 782 |  |  | 662 |  |  | 95 |  |  | 97 |
Vietnam | 547 |  |  | 342 |  |  | 270 |  |  | 282 |  |  | 285 |
United Kingdom | 521 |  |  | 412 |  |  | 234 |  |  | 262 |  |  | 96 |
Other | 4,151 |  |  | 3,847 |  |  | 3,253 |  |  | 1,350 |  |  | 1,352 |
Consolidated total | $ | 12,943 |  |  | $ | 11,394 |  |  | $ | 9,392 |  |  | $ | 4,540 |  |  | $ | 4,036 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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