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Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | Depreciation is provided on a straight-line basis over the estimated useful lives of the assets described below (in years). During the first quarter of 2024, the Company completed a review of the useful lives of its beverage machinery and equipment and buildings based on the Company’s experience with the duration over which equipment and buildings of its aluminum beverage can business can be utilized. The Company engaged a third-party appraiser to assist in this review and, as a result, effective January 1, 2024, the Company revised the estimated useful lives of its buildings up to 50 years, and machinery and equipment up to 23 years. The change in useful lives resulted in a net reduction in depreciation expense of approximately $64 or $0.40 per diluted share for the year ended December 31, 2024, respectively, as compared to the amount of depreciation expense that would have been recorded by utilizing the prior depreciable lives.
Land improvements | 25
Buildings and building improvements | 25 – 50
Machinery and equipment | 3– 23
| 2024 |  | 2023
Buildings and improvements | $ | 1,898 |  |  | $ | 1,888 |
Machinery and equipment | 5,940 |  |  | 6,153 |
Land and improvements | 265 |  |  | 269 |
Construction in progress | 469 |  |  | 589 |
| 8,572 |  |  | 8,899 |
Less: accumulated depreciation and amortization | (3,645) |  |  | (3,837) |
| $ | 4,927 |  |  | $ | 5,062 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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