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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s business is generally organized by product line and geography. The Company has determined that it has the following reportable segments: Americas Beverage, European Beverage, Asia Pacific and Transit Packaging. Other includes 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.

The Company's chief operating decision maker ("CODM") is the Chairman of the Board, President and Chief Executive Officer. Segment income is used by the CODM to allocate resources, including capital expenditures, and to evaluate operating performance against budgets and forecasts. Segment income, which is not a defined term under GAAP, is defined by the Company as income from operations adjusted to exclude intangibles amortization charges, restructuring and other and the impact of fair value adjustments related to inventory acquired in an acquisition. Segment income includes cost of products sold, depreciation and general selling and administrative expenses. Segment income should not be considered in isolation or as a substitute for net income data 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 operating segments for the three years ended December 31, 2024, 2023 and 2022:

2024Inter-
ExternalsegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$5,240 $— $128 $164 $987 
European Beverage2,071 — 55 133 276 
Asia Pacific1,161 — 46 21 195 
Transit Packaging2,107 15 43 22 270 
Total reportable segments10,579 15 272 340 $1,728 
Other1,222 67 23 42 
Corporate and unallocated items— — 2 21 
Total$11,801 $82 $297 $403 

2023Inter-
ExternalsegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$5,147 $— $149 $296 $876 
European Beverage1,939 — 56 291 199 
Asia Pacific1,297 — 63 66 154 
Transit Packaging2,256 49 44 26 331 
Total reportable segments10,639 49 312 679 $1,560 
Other1,371 144 22 76 
Corporate and unallocated items— — 2 38 
Total$12,010 $193 $336 $793 
2022Inter-
ExternalsegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$5,126 $7 $128 $380 $742 
European Beverage2,114 89 49 283 123 
Asia Pacific1,615 — 62 51 172 
Transit Packaging2,545 36 41 64 281 
Total reportable segments11,400 132 280 778 $1,318 
Other1,543 103 18 61 
Corporate and unallocated items— — 3 — 
Total$12,943 $235 $301 $839 

The company does not disclose total assets by segment as it is not provided to the chief operating decision maker.

Intersegment sales primarily include sales of cans, ends and parts and equipment used in the manufacturing process.

Corporate and unallocated items include corporate and administrative costs, research and development, and unallocated items such as stock-based compensation and insurance costs.

A reconciliation of segment income of reportable segments to income before income taxes for the three years ended December 31, 2024, 2023 and 2022 follows:
 202420232022
Segment income of reportable segments$1,728 $1,560 $1,318 
Other82 117 240 
Corporate and unallocated items(165)(131)(115)
Restructuring and other(75)(114)52 
Amortization of intangibles(151)(163)(159)
Loss from early extinguishments of debt(1)(1)(11)
Other pension and postretirement(546)(49)16 
Gain on sale of equity method investment275 — — 
Interest expense(452)(436)(284)
Interest income82 53 15 
Foreign exchange(34)(41)(16)
Income before income taxes and equity in net earnings of affiliates$743 $795 $1,056 

For the years ended December 31, 2023 and 2022, intercompany profit of $13 and $19 was eliminated within segment income of other.

For the year ended December 31, 2024, two customers each accounted for 12% of the Company's consolidated net sales. For the years ended December 31, 2023 and 2022, the same two customers each accounted for 12% and 11%, of the Company's consolidated net sales. These customers are global beverage companies served by the Company's beverage operations in the Americas, Europe and Asia.
Sales by major product were:
202420232022
Metal beverage cans and ends$7,899 $7,514 $8,096 
Transit packaging2,107 2,256 2,545 
Metal food cans and ends887 1,013 1,099 
Other products461 701 598 
Other metal packaging447 526 605 
Total$11,801 $12,010 $12,943 

The following table provides sales and long-lived asset information for the major countries in which the Company operates. Long-lived assets comprises property, plant and equipment.
Net SalesLong-Lived Assets
20242023202220242023
United States$4,419 $4,482 $4,740 $1,667 $1,694 
Mexico1,053 1,129 1,080 534 560 
Brazil1,061 991 1,011 478 500 
Canada744 823 893 98 99 
United Kingdom398 494 521 502 466 
Vietnam387 423 547 293 317 
Other3,739 3,668 4,151 1,355 1,426 
Total$11,801 $12,010 $12,943 $4,927 $5,062