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Revenue
 12 Months Ended
Dec. 31, 2021
Revenue  
Revenue

3. Revenue

Revenue is recognized at a 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 years ended December 31, 2021 and 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 Consolidated Balance Sheet. For the years ended December 31, 2021, 2020 and 2019, revenue recognized from prior periods (for example, due to changes in transaction price) was not material.

Consistent with the disclosures in Note 2 related to the ANZ sale, Asia Pacific revenue for the year ended December 31, 2020 reflects only seven months of revenue from the ANZ businesses. For the year ended December 31, 2019, revenue of the Asia Pacific segment 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.

The following table for the year ended December 31, 2021 disaggregates the Company’s revenue by customer end use:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Americas

​

Europe

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

2,165

 

$

1,976

 

$

4,141

​

​

​

Food and other

​

 

830

​

 

487

​

 

1,317

​

​

​

Non-alcoholic beverages

​

 

562

​

 

224

​

 

786

​

​

​

Reportable segment totals

​

$

3,557

​

$

2,687

​

$

6,244

​

​

​

Other

​

 

​

​

​

​

​

​

113

​

​

​

Net sales

 

​

​

​

​

​

​

$

6,357

​

​

​

​

The following table for the year ended December 31, 2020 disaggregates the Company’s revenue by customer end use:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

2,008

 

$

1,681

 

$

217

​

$

3,906

Food and other

​

 

823

​

 

481

​

 

38

​

 

1,342

Non-alcoholic beverages

​

 

491

​

 

202

​

 

26

​

 

719

Reportable segment totals

​

$

3,322

​

$

2,364

​

$

281

​

$

5,967

Other

​

 

​

​

​

​

​

​

​

​

​

124

Net sales

 

​

​

​

​

​

​

​

​

​

$

6,091

​

​

​

The following table for the year ended December 31, 2019 disaggregates the Company’s revenue by customer end use:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Americas

​

Europe

​

Asia Pacific

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

Alcoholic beverages (beer, wine, spirits)

 

$

2,301

 

$

1,715

 

$

412

​

$

4,428

Food and other

​

 

760

​

 

433

​

 

71

​

 

1,264

Non-alcoholic beverages

​

 

561

​

 

239

​

 

51

​

 

851

Reportable segment totals

​

$

3,622

​

$

2,387

​

$

534

​

$

6,543

Other

​

 

​

​

​

​

​

​

​

​

​

148

Net sales

 

​

​

​

​

​

​

​

​

​

$

6,691

​