Receivables

9 Months Ended

Sep. 30, 2023


	September 30, 2023		December 31, 2022
Accounts receivable	$	1,113	$	1,132
Less: allowance for credit losses	(31)		(22)
Net trade receivables	1,082		1,110
Unbilled receivables	353		363
Miscellaneous receivables	316		370
Receivables, net	$	1,751	$	1,843

In March 2023 a customer in the Company's Americas Beverage segment filed for bankruptcy and a bankruptcy plan was approved in October 2023. The bankruptcy plan has extended the payment terms of pre-bankruptcy receivables.

The Company has a long-term receivable of $64 related to this customer, which is included in other non-current assets on the Consolidated Balance Sheets as of September 30, 2023.

In December 2021, the Company's Bowling Green plant sustained tornado damage, resulting in curtailment of operations. The Company resumed operations in March 2022. However, it continued to incur incremental costs, including freight and warehousing expenses, to meet customer demand as the plant returned to full operational capacity. As of December 31, 2022, the Company had an insurance receivable, within miscellaneous receivable, for incremental expenses of $23, which was fully collected in 2023.