Property, Plant and Equipment (Tables)

12 Months Ended

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