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Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information 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 restructuring and other 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 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, |  |
| 2024 |  | 2023 |  |  |  |
Americas Beverage | $ | 1,222 |  |  | $ | 1,261 |  |  |  |  |
European Beverage | 482 |  |  | 479 |  |  |  |  |
Asia Pacific | 279 |  |  | 338 |  |  |  |  |
Transit Packaging | 520 |  |  | 564 |  |  |  |  |
Other | 281 |  |  | 332 |  |  |  |  |
Total | $ | 2,784 |  |  | $ | 2,974 |  |  |  |  |
The primary sources of revenue included in Other are 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.
| Intersegment Sales |  |
| Three Months Ended |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
Transit Packaging | $ | 5 |  |  | $ | 13 |  |  |  |  |
Other | 21 |  |  | 38 |  |  |  |  |
Total | $ | 26 |  |  | $ | 51 |  |  |  |  |
Intersegment sales primarily include sales of equipment and parts used in the manufacturing process.
| Segment Income |  |
| Three Months Ended |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
Americas Beverage | $ | 189 |  |  | $ | 178 |  |  |  |  |
European Beverage | 51 |  |  | 39 |  |  |  |  |
Asia Pacific | 42 |  |  | 36 |  |  |  |  |
Transit Packaging | 68 |  |  | 78 |  |  |  |  |
Total reportable segments | $ | 350 |  |  | $ | 331 |  |  |  |  |
A reconciliation of segment income of reportable segments to income before income taxes is as follows:
| Three Months Ended |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
Segment income of reportable segments | $ | 350 |  |  | $ | 331 |  |  |  |  |
Segment income of other | 8 |  |  | 27 |  |  |  |  |
Corporate and unallocated items | (50) |  |  | (38) |  |  |  |  |
Restructuring and other, net | (23) |  |  | (11) |  |  |  |  |
Amortization of intangibles | (40) |  |  | (40) |  |  |  |  |
Other pension and postretirement | (11) |  |  | (11) |  |  |  |  |
Interest expense | (113) |  |  | (102) |  |  |  |  |
Interest income | 20 |  |  | 9 |  |  |  |  |
Foreign exchange | (7) |  |  | (4) |  |  |  |  |
Income from operations before taxes and equity in net earnings of affiliates | $ | 134 |  |  | $ | 161 |  |  |  |  |
For the three months ended March 31, 2023, intercompany profits of $1 were eliminated within segment income of other. Corporate and unallocated items include corporate and administrative costs, research and development, and unallocated items such as stock-based compensation and insurance costs.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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