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Revenue

9 Months Ended

Sep. 30, 2019

Revenue

Revenue

2. Revenue

Revenue is recognized when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment.

For the three and nine month periods ended September 30, 2019 and September 30, 2018, the Company had no material bad debt expense and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheet. For the three and nine month periods ended September 30, 2019 and September 30, 2018, revenue recognized from prior periods (for example, due to changes in transaction price) was not material.

The following tables for the three months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use:


		Three months ended September 30, 2019
		Americas			Europe			Asia Pacific			Total

Alcoholic beverages (beer, wine, spirits)		$	591		$	409		$	106		$	1,106
Food and other			192			119			26			337
Non-alcoholic beverages			135			60			20			215
Reportable segment totals		$	918		$	588		$	152		$	1,658
Other												12
Net sales											$	1,670


		Three months ended September 30, 2018
		Americas			Europe			Asia Pacific			Total

Alcoholic beverages (beer, wine, spirits)		$	582		$	419		$	121		$	1,122
Food and other			209			127			24			360
Non-alcoholic beverages			148			67			20			235
Reportable segment totals		$	939		$	613		$	165		$	1,717
Other												17
Net sales											$	1,734

The following tables for the nine months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use:


		Nine months ended September 30, 2019
		Americas			Europe			Asia Pacific			Total

Alcoholic beverages (beer, wine, spirits)		$	1,744		$	1,315		$	320		$	3,379
Food and other			564			331			80			975
Non-alcoholic beverages			425			188			55			668
Reportable segment totals		$	2,733		$	1,834		$	455		$	5,022
Other												41
Net sales											$	5,063


		Nine months ended September 30, 2018
		Americas			Europe			Asia Pacific			Total

Alcoholic beverages (beer, wine, spirits)		$	1,743		$	1,383		$	361		$	3,487
Food and other			594			351			72			1,017
Non-alcoholic beverages			440			196			58			694
Reportable segment totals		$	2,777		$	1,930		$	491		$	5,198
Other												44
Net sales											$	5,242