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v3.22.2.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information Reportable segment information was as follows:
| Dispensing and Specialty Closures |  | Metal Containers |  | Custom Containers |  | Corporate |  | Total
| (Dollars in thousands)
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Net sales | $ | 575,530 |  |  | $ | 1,212,034 |  |  | $ | 182,881 |  |  | $ | — |  |  | $ | 1,970,445 |
Depreciation and amortization(1) | 36,056 |  |  | 17,811 |  |  | 9,882 |  |  | 39 |  |  | 63,788 |
Rationalization charges | 346 |  |  | 2,480 |  |  | (100) |  |  | — |  |  | 2,726 |
Segment income | 79,163 |  |  | 121,267 |  |  | 24,262 |  |  | (5,282) |  |  | 219,410 |
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Net sales | $ | 533,329 |  |  | $ | 942,125 |  |  | $ | 175,616 |  |  | $ | — |  |  | $ | 1,651,070 |
Depreciation and amortization(1) | 30,830 |  |  | 21,231 |  |  | 10,072 |  |  | 38 |  |  | 62,171 |
Rationalization charges | 406 |  |  | 1,822 |  |  | 87 |  |  | — |  |  | 2,315 |
Segment income | 60,090 |  |  | 94,271 |  |  | 22,704 |  |  | (9,148) |  |  | 167,917 |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,775,888 |  |  | $ | 2,617,156 |  |  | $ | 563,068 |  |  | $ | — |  |  | $ | 4,956,112 |
Depreciation and amortization(1) | 109,216 |  |  | 58,749 |  |  | 29,699 |  |  | 120 |  |  | 197,784 |
Rationalization charges | 346 |  |  | 7,182 |  |  | 5 |  |  | — |  |  | 7,533 |
Segment income (2) | 257,825 |  |  | 225,634 |  |  | 79,846 |  |  | (42,486) |  |  | 520,819 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,588,449 |  |  | $ | 2,120,740 |  |  | $ | 528,652 |  |  | $ | — |  |  | $ | 4,237,841 |
Depreciation and amortization(1) | 88,821 |  |  | 63,809 |  |  | 29,077 |  |  | 119 |  |  | 181,826 |
Rationalization charges | 5,704 |  |  | 7,068 |  |  | 254 |  |  | — |  |  | 13,026 |
Segment income | 199,571 |  |  | 198,520 |  |  | 74,434 |  |  | (25,105) |  |  | 447,420 |
_____________ (1)Depreciation and amortization excludes amortization of debt discount and debt issuance costs of $1.3 million and $1.4 million for the three months ended September 30, 2022 and 2021, respectively, and $4.1 million for each of the nine months ended September 30, 2022 and 2021. (2)Corporate includes a charge of $25.2 million for the settlement with the European Commission for the nine months ended September 30, 2022. Total segment income is reconciled to income before income taxes as follows:
| Three Months Ended |  | Nine Months Ended
| Sept. 30, 2022 |  | Sept. 30, 2021 |  | Sept. 30, 2022 |  | Sept. 30, 2021
| (Dollars in thousands)
Total segment income | $ | 219,410 |  |  | $ | 167,917 |  |  | $ | 520,819 |  |  | $ | 447,420 |
Interest and other debt expense | 33,743 |  |  | 27,039 |  |  | 93,233 |  |  | 80,751 |
Income before income taxes | $ | 185,667 |  |  | $ | 140,878 |  |  | $ | 427,586 |  |  | $ | 366,669 |
Sales and segment income of our metal containers segment and of part of our dispensing and specialty closures segment are dependent, in part, upon the vegetable and fruit harvests in the United States and, to a lesser extent, in a variety of national growing regions in Europe. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual segment income during that quarter.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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