v3.25.4

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2025
Segment Information |
Segment Information | 2. Segment Information T he Company has two reportable segments and two operating segments based on its geographic locations: 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 with 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. ​ In accordance with ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” the Company has disclosed significant segment expenses reviewed by its chief operating decision maker. Other segment expenses (income) includes intangible amortization expense (Americas only), foreign currency exchange gains or losses, certain overhead expenses and other gains or losses. Certain prior year presentations have been recast below to conform to these new reporting requirements. ​ ​ Financial information regarding the Company’s reportable segments is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 3,641 | $ | 2,689 | $ | 6,330 | ​ | $ | 3,584 | $ | 2,820 | $ | 6,404 | ​ | $ | 3,865 | $ | 3,117 | $ | 6,982
Other | ​ | ​ | ​ | ​ | ​ | ​ | 96 | ​ | ​ | ​ | ​ | ​ | ​ | 127 | ​ | ​ | ​ | ​ | ​ | ​ | 123
Net sales | ​ |  | ​ |  | ​ | $ | 6,426 | ​ | ​ | ​ |  | ​ | $ | 6,531 | ​ | ​ | ​ | ​ | ​ | $ | 7,105
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 2,982 | ​ | 2,245 | ​ | ​ | ​ | ​ | 3,053 | ​ | 2,317 | ​ | ​ | ​ | ​ | 3,181 | ​ | 2,314 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 177 | ​ | 175 | ​ | ​ | ​ | ​ | 189 | ​ | 178 | ​ | ​ | ​ | ​ | 210 | ​ | 193 | ​ | ​
Equity earnings | ​ | ​ | (93) | ​ | (25) | ​ | ​ | ​ | ​ | (70) | ​ | (34) | ​ | ​ | ​ | ​ | (59) | ​ | (65) | ​ | ​
Other segment expenses (income) | ​ | ​ | 26 | ​ | (3) | ​ | ​ | ​ | ​ | 20 | ​ | 3 | ​ | ​ | ​ | ​ | 22 | ​ | (7) | ​ | ​
Segment operating profit | ​ | $ | 549 | $ | 297 | $ | 846 | ​ | $ | 392 | $ | 356 | $ | 748 | ​ | $ | 511 | $ | 682 | $ | 1,193
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (107) | ​ | ​ | ​ | ​ | ​ | ​ | (134) | ​ | ​ | ​ | ​ | ​ | ​ | (224)
Charge for goodwill impairment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (445)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (443) | ​ | ​ | ​ | ​ | ​ | ​ | (206) | ​ | ​ | ​ | ​ | ​ | ​ | (100)
Equity investment impairment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (25) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | (4) | ​ | ​ | ​ | ​ | ​ | ​ | (11) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pension settlement and curtailment charges | ​ | ​ | ​ | ​ | ​ | ​ | (5) | ​ | ​ | ​ | ​ | ​ | ​ | (5) | ​ | ​ | ​ | ​ | ​ | ​ | (19)
Gain on sale of divested businesses and miscellaneous assets | ​ | ​ | ​ | ​ | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | ​ | 6 | ​ | ​ | ​ | ​ | ​ | ​ | 4
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (341) | ​ | ​ | ​ | ​ | ​ | ​ | (335) | ​ | ​ | ​ | ​ | ​ | ​ | (342)
Earnings (loss) before income taxes | ​ | ​ | ​ | ​ | ​ | $ | (49) | ​ | ​ | ​ | ​ | ​ | $ | 38 | ​ | ​ | ​ | ​ | ​ | $ | 67
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | Reportable | ​ ​ ​ | Retained | ​ ​ ​ | Consoli- |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated |
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals |
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 4,731 | ​ | $ | 4,102 | ​ | $ | 8,833 | ​ | $ | 410 | ​ | $ | 9,243 | ​
2024 | ​ | ​ | 4,646 | ​ | ​ | 3,534 | ​ | ​ | 8,180 | ​ | ​ | 474 | ​ | ​ | 8,654 | ​
2023 | ​ | ​ | 5,218 | ​ | ​ | 3,949 | ​ | ​ | 9,167 | ​ | ​ | 502 | ​ | ​ | 9,669 | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 485 | ​ | $ | 212 | ​ | $ | 697 | ​ | $ | 38 | ​ | $ | 735 | ​
2024 | ​ | ​ | 446 | ​ | ​ | 182 | ​ | ​ | 628 | ​ | ​ | 33 | ​ | ​ | 661 | ​
2023 | ​ | ​ | 490 | ​ | ​ | 193 | ​ | ​ | 683 | ​ | ​ | 60 | ​ | ​ | 743 | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 93 | ​ | $ | 25 | ​ | $ | 118 | ​ | $ | 1 | ​ | $ | 119 | ​
2024 | ​ | ​ | 70 | ​ | ​ | 34 | ​ | ​ | 104 | ​ | ​ | (25) | ​ | ​ | 79 | ​
2023 | ​ | ​ | 59 | ​ | ​ | 65 | ​ | ​ | 124 | ​ | ​ | 3 | ​ | ​ | 127 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 199 | ​ | $ | 216 | ​ | $ | 415 | ​ | $ | 17 | ​ | $ | 432 | ​
2024 | ​ | ​ | 354 | ​ | ​ | 254 | ​ | ​ | 608 | ​ | ​ | 9 | ​ | ​ | 617 | ​
2023 | ​ | ​ | 459 | ​ | ​ | 221 | ​ | ​ | 680 | ​ | ​ | 8 | ​ | ​ | 688 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 295 | ​ | $ | 168 | ​ | $ | 463 | ​ | $ | 16 | ​ | $ | 479 | ​
2024 | ​ | ​ | 296 | ​ | ​ | 169 | ​ | ​ | 465 | ​ | ​ | 21 | ​ | ​ | 486 | ​
2023 | ​ | ​ | 296 | ​ | ​ | 166 | ​ | ​ | 462 | ​ | ​ | 21 | ​ | ​ | 483 | ​
​ 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | U.S. | ​ ​ ​ | Non-U.S. | ​ ​ ​ | Total |
2025 | ​ | $ | 766 | ​ | $ | 2,867 | ​ | $ | 3,633 | ​
2024 | ​ |  | 927 | ​ | ​ | 2,570 | ​ | ​ | 3,497 | ​
2023 | ​ |  | 845 | ​ | ​ | 2,930 | ​ | ​ | 3,775 | ​
​ The Company’s net sales by geographic region are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | U.S. | ​ ​ ​ | Non-U.S. | ​ ​ ​ | Total |
2025 | ​ | $ | 1,707 | ​ | $ | 4,719 | ​ | $ | 6,426 | ​
2024 | ​ |  | 1,686 | ​ | ​ | 4,845 | ​ | ​ | 6,531 | ​
2023 | ​ |  | 1,828 | ​ | ​ | 5,277 | ​ | ​ | 7,105 | ​
​ Operations outside the U.S. that accounted for 10% or more of consolidated net sales were in France (2025-12%, 2024-11%, 2023-11%), Italy (2025-13%, 2024-13%, 2023-13%), and Mexico (2025-14%, 2024-14%, 2023 -14%). The Company had one customer, which is a customer in both the Europe and Americas segments, that accounted for approximately 10% of consolidated net sales for the year ended December 31, 2025.

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- Definition The entire disclosure for reporting segments including data and tables. 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