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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Information about Operating Segments | The tables below present information about the Company's operating segments.
| External Sales |  | External Sales
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Americas Beverage | $ | 1,368 |  |  | $ | 1,295 |  |  | $ | 3,915 |  |  | $ | 3,848 |
European Beverage | 573 |  |  | 536 |  |  | 1,615 |  |  | 1,547 |
Asia Pacific | 284 |  |  | 307 |  |  | 853 |  |  | 977 |
Transit Packaging | 526 |  |  | 554 |  |  | 1,596 |  |  | 1,715 |
Other | 323 |  |  | 377 |  |  | 919 |  |  | 1,065 |
Total | $ | 3,074 |  |  | $ | 3,069 |  |  | $ | 8,898 |  |  | $ | 9,152 |
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 |  | Intersegment Sales
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Transit Packaging | $ | 3 |  |  | $ | 9 |  |  | $ | 11 |  |  | $ | 36 |
Other | 14 |  |  | 29 |  |  | 48 |  |  | 113 |
Total | $ | 17 |  |  | $ | 38 |  |  | $ | 59 |  |  | $ | 149 |
Intersegment sales primarily include equipment and parts used in the manufacturing process.
| Segment Income |  | Segment Income
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Americas Beverage | $ | 280 |  |  | $ | 232 |  |  | $ | 712 |  |  | $ | 621 |
European Beverage | 86 |  |  | 73 |  |  | 225 |  |  | 181 |
Asia Pacific | 50 |  |  | 33 |  |  | 147 |  |  | 107 |
Transit Packaging | 70 |  |  | 89 |  |  | 211 |  |  | 256 |
Total reportable segments | $ | 486 |  |  | $ | 427 |  |  | $ | 1,295 |  |  | $ | 1,165 |
Schedule of Reconciliation of Segment Income | A reconciliation of segment income of reportable segments to income before income taxes is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Segment income of reportable segments | $ | 486 |  |  | $ | 427 |  |  | $ | 1,295 |  |  | $ | 1,165 |
Segment income of other | 27 |  |  | 37 |  |  | 49 |  |  | 100 |
Corporate and unallocated items | (41) |  |  | (34) |  |  | (127) |  |  | (101) |
Restructuring and other, net | 13 |  |  | (15) |  |  | (27) |  |  | (32) |
Amortization of intangibles | (41) |  |  | (41) |  |  | (122) |  |  | (122) |
Other pension and postretirement | (523) |  |  | (11) |  |  | (547) |  |  | (38) |
Interest expense | (119) |  |  | (111) |  |  | (344) |  |  | (323) |
Interest income | 24 |  |  | 13 |  |  | 60 |  |  | 34 |
Foreign exchange | (3) |  |  | (13) |  |  | (15) |  |  | (31) |
Income from operations before taxes and equity in net earnings of affiliates | $ | (177) |  |  | $ | 252 |  |  | $ | 222 |  |  | $ | 652 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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