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Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Information |
Segment Information | 2. Segment Information The Company has three reportable segments and three operating segments based on its geographic locations: Americas, Europe, and Asia Pacific. These three segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. As previously disclosed, to better leverage its scale and presence across a larger geography and market, the Company completed the consolidation of the former North America and Latin America segments into one segment, named the Americas, effective January 1, 2018. The consolidation resulted in the leadership roles of the former North America and Latin America segments being combined into one position, President of the Americas, reporting to the Company’s chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer. Beginning January 1, 2018, the CODM reviews the operating results at the Americas level to make resource allocation decisions and to assess performance. The consolidation also resulted in the elimination of duplicative costs as certain functions of the former North America and Latin America segments were combined to simplify the management of the new Americas segment. For example, the Company consolidated its business shared service centers in North America and Latin America into one Americas shared service center. Amounts for 2017 and 2016 in the following tables are presented on the redefined basis for the Americas segment. Certain assets and activities not directly related to one of the regions or to glass manufacturing are reported with Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, and certain equity investments. Retained corporate costs and other also includes certain headquarters, administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Company’s measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings from continuing operations before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations as well as certain retained corporate costs. The Company’s management uses segment operating profit, in combination with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment operating profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided. Financial information regarding the Company’s reportable segments is as follows (dollars in millions):
|  | 2018 |  | 2017 |  | 2016
Net sales: |  |  |  |  |  |  |  |  |
Americas |  | $ | 3,638 |  | $ | 3,711 |  | $ | 3,652
Europe |  |  | 2,489 |  |  | 2,375 |  |  | 2,300
Asia Pacific |  |  | 675 |  |  | 714 |  |  | 684
Reportable segment totals |  |  | 6,802 |  |  | 6,800 |  |  | 6,636
Other |  |  | 75 |  |  | 69 |  |  | 66
Net sales |  | $ | 6,877 |  | $ | 6,869 |  | $ | 6,702
|  | 2018 |  | 2017 |  | 2016 |
Segment operating profit: |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 585 |  | $ | 614 |  | $ | 568 |
Europe |  |  | 316 |  |  | 263 |  |  | 237 |
Asia Pacific |  |  | 44 |  |  | 65 |  |  | 77 |
Reportable segment totals |  |  | 945 |  |  | 942 |  |  | 882 |
Items excluded from segment operating profit: |  |  |  |  |  |  |  |  |  |
Retained corporate costs and other charges |  |  | (106) |  |  | (104) |  |  | (98) |
Charge for asbestos-related costs |  |  | (125) |  |  |  |  |  |  |
Pension settlement charges |  |  | (74) |  |  | (218) |  |  | (98) |
Restructuring, asset impairment and other |  |  | (102) |  |  | (77) |  |  | (129) |
Gain on China land sale |  |  |  |  |  |  |  |  | 71 |
Interest expense, net |  |  | (261) |  |  | (268) |  |  | (272) |
Earnings from continuing operations before income taxes |  | $ | 277 |  | $ | 275 |  | $ | 356 |
|  |  |  |  |  |  |  |  |  |  | Reportable |  | Retained |  | Consoli- |
|  |  |  |  |  |  | Asia |  | Segment |  | Corp Costs |  | dated |
|  | Americas |  | Europe |  | Pacific |  | Totals |  | and Other |  | Totals |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 5,497 |  | $ | 3,036 |  | $ | 918 |  | $ | 9,451 |  | $ | 248 |  | $ | 9,699 |
2017 |  |  | 5,411 |  |  | 3,133 |  |  | 1,001 |  |  | 9,545 |  |  | 211 |  |  | 9,756 |
2016 |  |  | 5,059 |  |  | 2,792 |  |  | 926 |  |  | 8,777 |  |  | 358 |  |  | 9,135 |
Equity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 429 |  | $ | 98 |  | $ | 106 |  | $ | 633 |  | $ | 65 |  | $ | 698 |
2017 |  |  | 259 |  |  | 95 |  |  | 114 |  |  | 468 |  |  | 57 |  |  | 525 |
2016 |  |  | 21 |  |  | 78 |  |  | 117 |  |  | 216 |  |  | 217 |  |  | 433 |
Equity earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 39 |  | $ | 21 |  | $ | — |  | $ | 60 |  | $ | 17 |  | $ | 77 |
2017 |  |  | 41 |  |  | 18 |  |  |  |  |  | 59 |  |  | 18 |  |  | 77 |
2016 |  |  | 12 |  |  | 15 |  |  | 4 |  |  | 31 |  |  | 29 |  |  | 60 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 255 |  | $ | 187 |  | $ | 92 |  | $ | 534 |  | $ | 2 |  | $ | 536 |
2017 |  |  | 233 |  |  | 152 |  |  | 55 |  |  | 440 |  |  | 1 |  |  | 441 |
2016 |  |  | 231 |  |  | 163 |  |  | 59 |  |  | 453 |  |  | 1 |  |  | 454 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 293 |  | $ | 136 |  | $ | 55 |  | $ | 484 |  | $ | 10 |  | $ | 494 |
2017 |  |  | 310 |  |  | 125 |  |  | 43 |  |  | 478 |  |  | 10 |  |  | 488 |
2016 |  |  | 312 |  |  | 118 |  |  | 37 |  |  | 467 |  |  | 11 |  |  | 478 |
The Company’s net property, plant and equipment by geographic segment are as follows:
|  | U.S. |  | Non-U.S. |  | Total |
2018 |  | $ | 681 |  | $ | 2,404 |  | $ | 3,085 |
2017 |  |  | 757 |  |  | 2,374 |  |  | 3,131 |
2016 |  |  | 749 |  |  | 2,131 |  |  | 2,880 |
The Company’s net sales by geographic segment are as follows:
|  | U.S. |  | Non-U.S. |  | Total |
2018 |  | $ | 2,020 |  | $ | 4,857 |  | $ | 6,877 |
2017 |  |  | 2,072 |  |  | 4,797 |  |  | 6,869 |
2016 |  |  | 2,124 |  |  | 4,578 |  |  | 6,702 |
None of the years presented had a country with operations outside of the U.S. that accounted for more than 10% or more of consolidated net sales.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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