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Revenue | 12 Months Ended
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Dec. 31, 2023
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. Amounts billed to customers related to shipping and handling or other pass-through items are included in net sales in the 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 years ended December 31, 2023 and 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 Consolidated Balance Sheet. For the years ended December 31, 2023, 2022 and 2021, revenue recognized from prior periods (for example, due to changes in transaction price) was not material. The Company recognized revenue of approximately $42 million and $31 million from sales to affiliates in 2023 and 2022, respectively. ​ The following table for the year ended December 31, 2023 disaggregates the Company’s revenue by customer end use: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 2,268 |  | $ | 2,320 |  | $ | 4,588
Food and other | ​ |  | 865 | ​ |  | 508 | ​ |  | 1,373
Non-alcoholic beverages | ​ |  | 732 | ​ |  | 289 | ​ |  | 1,021
Reportable segment totals | ​ | $ | 3,865 | ​ | $ | 3,117 | ​ | $ | 6,982
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 123
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,105
​ The following table for the year ended December 31, 2022 disaggregates the Company’s revenue by customer end use: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Americas | ​ | Europe | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alcoholic beverages (beer, wine, spirits) |  | $ | 2,367 |  | $ | 2,169 |  | $ | 4,536
Food and other | ​ |  | 832 | ​ |  | 467 | ​ |  | 1,299
Non-alcoholic beverages | ​ |  | 636 | ​ |  | 242 | ​ |  | 878
Reportable segment totals | ​ | $ | 3,835 | ​ | $ | 2,878 | ​ | $ | 6,713
Other | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | 143
Net sales |  | ​ | ​ | ​ | ​ | ​ | ​ | $ | 6,856
​ 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
​

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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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