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Revenue
 6 Months Ended
Jun. 30, 2021
Revenue  
Revenue

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2. Revenue

Revenue is recognized at the point in time 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 six-month periods ended June 30, 2021 and June 30, 2020, 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.

Consistent with the disclosures in Note 1 related to the ANZ sale, Asia Pacific revenue for the three- and six-month periods ended June 30, 2020, has been recast to reflect only the revenue of the ANZ businesses. The other businesses that comprised the Asia Pacific segment and that have been retained by the Company have been reclassified to the Other sales line.

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The following tables for the three months ended June 30, 2021 and 2020 disaggregate the Company’s revenue by customer end use:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30, 2021

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

546

 

$

564

 

$

​

​

$

1,110

Food and other

​

 

204

​

 

123

​

 

​

​

 

327

Non-alcoholic beverages

​

 

140

​

 

58

​

 

​

​

 

198

Reportable segment totals

​

$

890

​

$

745

​

$

—

​

$

1,635

Other

​

 

​

​

​

​

​

​

​

​

​

25

Net sales

 

​

​

​

​

​

​

​

​

​

$

1,660

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30, 2020

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

427

​

$

395

​

$

81

​

$

903

Food and other

​

 

198

​

​

117

​

​

17

​

 

332

Non-alcoholic beverages

​

 

99

​

​

43

​

​

8

​

 

150

Reportable segment totals

​

$

724

​

$

555

​

$

106

​

$

1,385

Other

​

 

​

​

​

​

​

​

​

​

​

33

Net sales

 

​

​

​

​

​

​

​

​

​

$

1,418

​

​

​

​

​

​

​

​

​

The following tables for the six months ended June 30, 2021 and 2020 disaggregate the Company’s revenue by customer end use:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended June 30, 2021

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

1,049

 

$

1,040

 

$

​

​

$

2,089

Food and other

​

 

413

​

 

242

​

 

​

​

 

655

Non-alcoholic beverages

​

 

265

​

 

102

​

 

​

​

 

367

Reportable segment totals

​

$

1,727

​

$

1,384

​

$

—

​

$

3,111

Other

​

 

​

​

​

​

​

​

​

​

​

50

Net sales

 

​

​

​

​

​

​

​

​

​

$

3,161

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended June 30, 2020

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

935

​

$

806

​

$

177

​

$

1,918

Food and other

​

 

387

​

​

223

​

​

31

​

 

641

Non-alcoholic beverages

​

 

233

​

​

103

​

​

21

​

 

357

Reportable segment totals

​

$

1,555

​

$

1,132

​

$

229

​

$

2,916

Other

​

 

​

​

​

​

​

​

​

​

​

63

Net sales

 

​

​

​

​

​

​

​

​

​

$

2,979

​

​

​

​

​

​

​

​

​

​

​

​

​

​