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Equity Investments (Tables)

12 Months Ended

Dec. 31, 2021

Equity Investments

Company's ownership percentage in affiliates

At December 31, 2021, the Company’s ownership percentage in affiliates include:

​

​	​	​	​	​	​	​
​	​	O-I Ownership		​	​
Affiliates		Percentage			Business Type
Empresas Comegua S.A.	​	49.7	%	​	Glass container manufacturer	​
BJC O-I Glass Pte. Ltd.	​	50	%	​	Glass container manufacturer	​
CO Vidrieria SARL ("COV")	​	50	%	​	Glass container manufacturer	​
Rocky Mountain Bottle Company	​	50	%	​	Glass container manufacturer	​
Vetrerie Meridionali SpA ("VeMe")	​	50	%	​	Glass container manufacturer	​
Vetri Speciali SpA	​	50	%	​	Specialty glass manufacturer	​

Equity in earnings

​

​	​	​	​	​	​	​	​	​	​	​
​		2021			2020			2019
Equity in earnings:	​	​	​	​	​	​	​	​	​	​
Non-U.S.	​	$	83	​	$	29	​	$	58	​
U.S.	​		7	​		8	​		20	​
Total	​	$	90	​	$	37	​	$	78	​
Dividends received	​	$	103	​	$	58	​	$	42	​

Summary of balance sheet information of equity investments

​

​	​	​	​	​	​	​	​
​		2021			2020
At end of year:	​	​	​	​	​	​	​
Current assets	​	$	557	​	$	476	​
Non-current assets	​		1,317	​		1,317	​
Total assets	​		1,874	​		1,793	​
Current liabilities	​		386	​		330	​
Other liabilities and deferred items	​		195	​		183	​
Total liabilities and deferred items	​		581	​		513	​
Net assets	​	$	1,293	​	$	1,280	​

Summary of income statement information of equity investments

​

​	​	​	​	​	​	​	​	​	​	​
For the year:		2021			2020			2019
Net sales	​	$	1,185	​	$	927	​	$	908	​
Gross profit	​	$	305	​	$	256	​	$	232	​
Net earnings	​	$	169	​	$	141	​	$	114	​

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