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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,
 20242023
Americas Beverage$1,222 $1,261 
European Beverage482 479 
Asia Pacific279 338 
Transit Packaging 520 564 
Other281 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,
 20242023
Transit Packaging$$13 
Other21 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,
 20242023
Americas Beverage$189 $178 
European Beverage51 39 
Asia Pacific42 36 
Transit Packaging68 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,
 20242023
Segment income of reportable segments$350 $331 
Segment income of other27 
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 income20 
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.