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Restructuring and Other | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Other | Restructuring and Other The Company recorded restructuring and other items as follows:
| 2024 |  | 2023 |  | 2022
Restructuring | $ | 49 |  |  | $ | 23 |  |  | $ | 35 |
Asset impairments and sales | 19 |  |  | 72 |  |  | (106) |
Other costs | 11 |  |  | 19 |  |  | 14 |
Asbestos | (4) |  |  | — |  |  | 5 |
| $ | 75 |  |  | $ | 114 |  |  | $ | (52) |
2024 Activity Restructuring charges of $49 primarily relates to other exit costs related to previously announced plant closures in the U.S, including the Batesville, Mississippi beverage can facility and the Decatur, Illinois aerosol plant and line consolidations and business reorganization activities in European Beverage. During the third quarter of 2024, the Company closed its food can plant in La Villa, Mexico and entered into an agreement to sell equipment for $30 to be paid in three annual installments, the first of which was received in 2024. The Company recognized a gain of $22 from sale of the equipment, included in asset impairments and sales above and recorded severance and other exit costs of $6 related to the plant closure, included in restructuring above. Asset impairments and sales also includes $20 for the planned closure of the Sihanoukville, Cambodia beverage can plant and $11 related to line consolidations at the Dong Nai, Vietnam beverage can plant. See Note P for more information on the Company's provision for asbestos. 2023 Activity During the fourth quarter of 2023, the Company made the decision to close various production facilities across various segments. Asset impairments and sales primarily includes, $19 for the planned closure of the Batesville, Mississippi beverage can plant, $8 related to a shift in capacity from beverage can plants in Ho Chi Minh City, Vietnam and Singapore to Vung Tau, Vietnam and $5 for the planned closure of the Decatur, Illinois aerosol plant. Asset impairments and sales also includes $19 related to line consolidation and modernization at the Dong Nai, Vietnam beverage can plant. Restructuring included termination benefits and other exit costs of $11 related to the actions described above. In addition, termination and other exit costs of $9 and $3 were recorded in the European Beverage and Other segments, respectively, related to line consolidation and business reorganization activities, including headcount reductions in the beverage can making equipment business. O ther costs includes $11 related to disputes, including a fine fro m the French Competition Authority, and $4 of tax indemnity charges related to the European Tinplate business sold in 2021. See Note Q for more information on the French Competition Authority matter. 2022 Activity Asset sales and impairments primarily relates to the $113 gain on sale of the Kiwiplan business. See Note B for more information on the sale. Restructuring included charges of $29 related to an overhead cost reduction program initiated by the Company's Transit Packaging segment that reduced headcount by approximately 600 employees. Restructuring charges by segment were as follows:
| 2024 |  | 2023 |  | 2022 |  |  |  |
Americas Beverage | $ | 11 |  |  | $ | 4 |  |  | $ | — |  |  |  |  |
European Beverage | 17 |  |  | 9 |  |  | — |  |  |  |  |
Asia Pacific | 4 |  |  | 7 |  |  | — |  |  |  |  |
Transit Packaging | 4 |  |  | (1) |  |  | 35 |  |  |  |  |
Other | 13 |  |  | 4 |  |  | — |  |  |  |  |
| $ | 49 |  |  | $ | 23 |  |  | $ | 35 |  |  |  |  |
Restructuring charges by type were as follows:
| 2024 |  | 2023 |  | 2022
Termination benefits | $ | 15 |  |  | $ | 15 |  |  | $ | 29 |
Other exit costs | 34 |  |  | 8 |  |  | 6 |
| $ | 49 |  |  | $ | 23 |  |  | $ | 35 |
At December 31, 2023, the Company had a restructuring accrual of $22, related to restructuring actions discussed above. During 2024, the Company made severance p ayments of $27 and had a restructuring accrual of $13 related to the actions referenced above. These amounts include payments of $6 related to the overhead cost reduction program initiated in 2022 in the Transit Packaging segment. The Company expects to pay the remaining accrual amounts over the next twelve months.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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