Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company evaluates performance and allocates resources based on segment income. Segment income, which is not a defined term under GAAP, is defined by the Company as gross profit excluding the impact of fair value adjustments related to the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness, less selling and administrative expenses. Segment income should not be considered in isolation or as a substitute for net income data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The tables below present information about the Company's operating segments.

	External Sales				External Sales
	Three Months Ended				Six Months Ended
	June 30				June 30
	2015		2014		2015		2014
Americas Beverage	$	741	$	594	$	1,358	$	1,143
North America Food	170		213		330		392
European Beverage	422		496		746		884
European Food	492		555		923		928
Asia Pacific	310		316		620		614
Total reportable segments	2,135		2,174		3,977		3,961
Non-reportable segments	143		209		298		415
Total	$	2,278	$	2,383	$	4,275	$	4,376

The primary sources of revenue included in non-reportable segments are the Company's aerosol can businesses in North America and Europe, the Company's specialty packaging business in Europe and the Company's tooling and equipment operations in the U.S. and United Kingdom.

	Intersegment Sales				Intersegment Sales
	Three Months Ended				Six Months Ended
	June 30				June 30
	2015		2014		2015		2014
Americas Beverage	$	24	$	32	$	45	$	51
North America Food	1		1		2		4
European Beverage	—		1		—		1
European Food	24		25		51		47
Asia Pacific	—		—		—		—
Total reportable segments	49		59		98		103
Non-reportable segments	27		29		54		58
Total	$	76	$	88	$	152	$	161

Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process.

	Segment Income				Segment Income
	Three Months Ended				Six Months Ended
	June 30				June 30
	2015		2014		2015		2014
Americas Beverage	$	99	$	85	$	184	$	164
North America Food	23		38		47		67
European Beverage	66		83		104		142
European Food	68		63		110		89
Asia Pacific	39		36		74		70
Total reportable segments	$	295	$	305	$	519	$	532

A reconciliation of segment income of reportable segments to income before income taxes and equity earnings is as follows:

	Three Months Ended						Six Months Ended
	June 30						June 30
	2015			2014			2015			2014
Segment income of reportable segments	$	295		$	305		$	519		$	532
Segment income of non-reportable segments	20			22			37			46
Corporate and unallocated items	(41		)	(54		)	(94		)	(112		)
Restructuring and other	3			(31		)	(17		)	(83		)
Loss from early extinguishments of debt	(9		)	—			(9		)	—
Interest expense	(69		)	(66		)	(134		)	(124		)
Interest income	2			1			4			3
Foreign exchange	1			—			(5		)	(6		)
Income before income taxes	$	202		$	177		$	301		$	256

Corporate and unallocated items includes corporate and division administrative costs, technology costs, and unallocated items such as the U.S. and U.K. pension plan costs, fair value adjustments for the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness.