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Revenue | 6 Months Ended
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Jun. 30, 2023
Revenue |
Revenue | 2. 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. Amounts billed to customers related to shipping and handling or other pass-through items are included in net sales in the Condensed Consolidated Results of Operations. 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, 2023 and June 30, 2022, 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 Sheets. ​ The following tables for the three months ended June 30, 2023 and 2022 disaggregate the Company’s revenue by customer end use:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2023
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 585 |  | $ | 647 |  | $ | 1,232
Food and other | ​ |  | 226 | ​ |  | 130 | ​ |  | 356
Non-alcoholic beverages | ​ |  | 185 | ​ |  | 86 | ​ |  | 271
Reportable segment totals | ​ | $ | 996 | ​ | $ | 863 | ​ | $ | 1,859
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 31
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,890
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2022
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 613 | ​ | $ | 576 | ​ | $ | 1,189
Food and other | ​ |  | 199 | ​ | ​ | 122 | ​ |  | 321
Non-alcoholic beverages | ​ |  | 159 | ​ | ​ | 67 | ​ |  | 226
Reportable segment totals | ​ | $ | 971 | ​ | $ | 765 | ​ | $ | 1,736
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 42
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,778
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables for the six months ended June 30, 2023 and 2022 disaggregate the Company’s revenue by customer end use:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2023
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 1,194 |  | $ | 1,251 | ​ | $ | 2,445
Food and other | ​ |  | 444 | ​ |  | 256 | ​ |  | 700
Non-alcoholic beverages | ​ |  | 358 | ​ |  | 155 | ​ |  | 513
Reportable segment totals | ​ | $ | 1,996 | ​ | $ | 1,662 | ​ | $ | 3,658
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 63
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,721
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2022
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 1,189 | ​ | $ | 1,113 | ​ | $ | 2,302
Food and other | ​ |  | 413 | ​ | ​ | 232 | ​ |  | 645
Non-alcoholic beverages | ​ |  | 310 | ​ | ​ | 129 | ​ |  | 439
Reportable segment totals | ​ | $ | 1,912 | ​ | $ | 1,474 | ​ | $ | 3,386
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 83
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,469
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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