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Revenue
3 Months Ended
Mar. 31, 2021
Revenue Recognition [Abstract]  
Revenue Revenue
The following tables present our revenues disaggregated by reportable segment and geography as they best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Revenues by segment for the three months ended March 31 were as follows:
20212020
(Dollars in thousands)
Dispensing and Specialty Closures$509,352 $357,151 
Metal Containers554,081 508,519 
Custom Containers174,677 164,714 
$1,238,110 $1,030,384 

Revenues by geography for the three months ended March 31 were as follows:
20212020
(Dollars in thousands)
North America$898,402 $822,405 
Europe and other339,708 207,979 
$1,238,110 $1,030,384 
Our contracts generally include standard commercial payment terms generally acceptable in each region. We do not provide financing with extended payment terms beyond generally standard commercial payment terms for the applicable industry. We have no significant obligations for refunds, warranties or similar obligations. Trade accounts receivable, net are shown separately on our Condensed Consolidated Balance Sheets. Contract assets are the result of the timing of revenue recognition, billings and cash collections. Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $86.4 million, $68.9 million, and $83.0 million as of March 31, 2021 and 2020 and December 31, 2020, respectively. Unbilled receivables are included in trade accounts receivable, net on our Condensed Consolidated Balance Sheets.