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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. The Company defines segment income as income from operations adjusted to exclude intangibles amortization charges, provisions for 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 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 the Company's operating segments.

Three Months Ended June 30, 2025
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$1,405 $— $33 $18 $268 
European Beverage635 — 15 22 97 
Asia Pacific256 — 11 4 50 
Transit Packaging526 4 10 7 72 
Total reportable segments2,822 4 69 51 $487 
Other327 15 6 3 
Corporate and unallocated items— — 1 2 
Total$3,149 $19 $76 $56 
Three Months Ended June 30, 2024
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$1,325 $— $32 $38 $243 
European Beverage560 — 13 24 88 
Asia Pacific290 — 11 7 55 
Transit Packaging550 3 10 6 73 
Total reportable segments2,725 3 66 75 $459 
Other315 13 7 7 
Corporate and unallocated items— — 1 2 
Total$3,040 $16 $74 $84 


Six Months Ended June 30, 2025
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$2,725 $— $64 $27 $504 
European Beverage1,147 — 29 38 164 
Asia Pacific535 — 22 4 97 
Transit Packaging1,008 8 21 15 132 
Total reportable segments5,415 8 136 84 $897 
Other621 32 13 3 
Corporate and unallocated items— — 2 2 
Total$6,036 $40 $151 $89 


Six Months Ended June 30, 2024
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$2,547 $— $65 $68 $432 
European Beverage1,042 — 26 65 139 
Asia Pacific569 — 23 14 97 
Transit Packaging1,070 8 21 11 141 
Total reportable segments5,228 8 135 158 $809 
Other596 34 13 14 
Corporate and unallocated items— — 1 6 
Total$5,824 $42 $149 $178 

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

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.

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

Intersegment sales primarily include equipment and parts used in the manufacturing process.
A reconciliation of segment income of reportable segments to income before income taxes is as follows:

Three Months EndedSix Months Ended
 June 30,June 30,
 2025202420252024
Segment income of reportable segments$487 $459 $897 $809 
Segment income of other35 14 64 22 
Corporate and unallocated items(46)(36)(87)(86)
Restructuring and other, net(47)(17)(45)(40)
Amortization of intangibles(38)(41)(73)(81)
Loss from early extinguishments of debt(1)— (1)— 
Other pension and postretirement1 (13)(4)(24)
Interest expense(103)(112)(202)(225)
Interest income14 16 27 36 
Foreign exchange(9)(5)(11)(12)
Income from operations before taxes and equity in net earnings of affiliates$293 $265 $565 $399