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Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Information |
Segment Information | 1. Segment Information The Company has two reportable segments and two operating segments based on its geographic locations: the Americas and Europe. These two segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. Certain assets and activities not directly related to one of the segments or to glass manufacturing are reported within Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, certain equity investments and certain minor businesses in the Asia Pacific region. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Company’s measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations and other adjustments, as well as certain retained corporate costs. The Company’s management, including the chief operating decision maker (defined as the Chief Executive Officer), uses segment operating profit, supplemented by net sales and selected cash flow information, to evaluate segment performance and allocate resources. Segment operating profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided. Segment operating profit is not a recognized term under accounting principles generally accepted in the United States (“U.S. GAAP”) and, therefore, does not purport to be an alternative to earnings (loss) before income taxes. Further, the Company’s measure of segment operating profit may not be comparable to similarly titled measures used by other companies. Financial information for the three months ended March 31, 2025 and 2024 regarding the Company’s reportable segments is as follows, as well as a reconciliation of segment operating profit to earnings before income taxes: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31,
​ |  | 2025 |  | 2024
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 873 | $ | 667 | $ | 1,540 | ​ | $ | 854 | $ | 709 | $ | 1,563
Other | ​ | ​ | ​ | ​ | ​ | ​ | 27 | ​ | ​ | ​ | ​ | ​ | ​ | 30
Net Sales | ​ |  | ​ |  | ​ |  | 1,567 | ​ | ​ | ​ | ​ | ​ | $ | 1,593
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 703 | ​ | 558 | ​ | ​ | ​ | ​ | 712 | ​ | 535 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 43 | ​ | 46 | ​ | ​ | ​ | ​ | 51 | ​ | 46 | ​ | ​
Equity earnings | ​ | ​ | (19) | ​ | (4) | ​ | ​ | ​ | ​ | (19) | ​ | (6) | ​ | ​
Other segment expenses (income) | ​ | ​ | 5 | ​ | (1) | ​ | ​ | ​ | ​ | 8 | ​ | 1 | ​ | ​
Segment operating profit | ​ | $ | 141 | $ | 68 | $ | 209 | ​ | $ | 102 | $ | 133 | $ | 235
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of segment operating profit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (30) | ​ | ​ | ​ | ​ | ​ | ​ | (40)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (82) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | (4) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on sale of miscellaneous assets | ​ | ​ | ​ | ​ | ​ | ​ | 6 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (81) | ​ | ​ | ​ | ​ | ​ | ​ | (78)
Earnings before income taxes | ​ | ​ | ​ | ​ | ​ | $ | 18 | ​ | ​ | ​ | ​ | ​ | $ | 117
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated |
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals |
Total assets (end of period): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 4,707 | ​ | $ | 3,682 | ​ | $ | 8,389 | ​ | $ | 340 | ​ | $ | 8,729 | ​
2024 | ​ | ​ | 5,258 | ​ | ​ | 3,729 | ​ | ​ | 8,987 | ​ | ​ | 422 | ​ | ​ | 9,409 | ​
Equity investments (end of period): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 456 | ​ | $ | 193 | ​ | $ | 649 | ​ | $ | 34 | ​ | $ | 683 | ​
2024 | ​ | ​ | 493 | ​ | ​ | 194 | ​ | ​ | 687 | ​ | ​ | 58 | ​ | ​ | 745 | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 19 | ​ | $ | 4 | ​ | $ | 23 | ​ | $ | — | ​ | $ | 23 | ​
2024 | ​ | ​ | 19 | ​ | ​ | 6 | ​ | ​ | 25 | ​ | ​ | — | ​ | ​ | 25 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 62 | ​ | $ | 72 | ​ | $ | 134 | ​ | $ | 1 | ​ | $ | 135 | ​
2024 | ​ | ​ | 123 | ​ | ​ | 88 | ​ | ​ | 211 | ​ | ​ | 2 | ​ | ​ | 213 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 73 | ​ | $ | 37 | ​ | $ | 110 | ​ | $ | 5 | ​ | $ | 115 | ​
2024 | ​ | ​ | 75 | ​ | ​ | 43 | ​ | ​ | 118 | ​ | ​ | 5 | ​ | ​ | 123 | ​
​ The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of March 31, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 897 | ​ | $ | 2,689 | ​ | $ | 3,586 | ​
2024 | ​ |  | 879 | ​ | ​ | 2,879 | ​ | ​ | 3,758 | ​
​ The Company’s net sales by geographic region are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 441 | ​ | $ | 1,126 | ​ | $ | 1,567 | ​
2024 | ​ |  | 394 | ​ | ​ | 1,199 | ​ | ​ | 1,593 | ​
Operations outside the U.S. that accounted for 10% or more of consolidated net sales were in France (2025-14%, 2024-13%), Italy (2025-12%, 2024-13%), and Mexico (2025-13%, 2024-14%).

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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