Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s business is organized geographically within three divisions, Americas, Europe and Asia Pacific. Within the Americas and European divisions, the Company has determined that it has the following reportable segments organized along a combination of product lines and geographic areas: Americas Beverage and North America Food within the Americas, and European Beverage and European Food within Europe. The Company's Asia Pacific division is a reportable segment.

Non-reportable segments include 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.

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 income from operations adjusted to add back provisions for asbestos and restructuring and other, the impact of fair value adjustments related to the sale of inventory acquired in an acquisition and the timing impact of hedge ineffectiveness. 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 operating segments for the three years ended December 31, 2015, 2014 and 2013:

2015			Inter-				Depreciation
	External		segment		Segment		and		Capital		Segment
	sales		sales		assets		amortization		expenditures		income
Americas Beverage	$	2,771	$	71	$	2,977	$	93	$	119	$	427
North America Food	680		4		527		10		14		86
European Beverage	1,504		1		1,461		27		97		228
European Food	1,984		93		2,723		53		35		246
Asia Pacific	1,202		2		1,133		40		68		145
Total reportable segments	8,141		171		8,821		223		333		$	1,132
Non-reportable segments	621		96		457		8		15
Corporate and unallocated items	—		—		742		6		6
Total	$	8,762	$	267	$	10,020	$	237	$	354

2014			Inter-				Depreciation
	External		segment		Segment		and		Capital		Segment
	sales		sales		assets		amortization		expenditures		income
Americas Beverage	$	2,335	$	82	$	1,752	$	40	$	114	$	334
North America Food	809		7		456		9		12		127
European Beverage	1,708		2		1,520		27		98		265
European Food	2,197		81		3,213		59		43		221
Asia Pacific	1,226		—		1,335		39		45		142
Total reportable segments	8,275		172		8,276		174		312		$	1,089
Non-reportable segments	822		108		533		9		13
Corporate and unallocated items	—		—		834		7		3
Total	$	9,097	$	280	$	9,643	$	190	$	328

2013			Inter-				Depreciation
	External		segment		Segment		and		Capital		Segment
	sales		sales		assets		amortization		expenditures		income
Americas Beverage	$	2,289	$	61	$	1,588	$	35	$	76	$	327
North America Food	845		10		457		10		5		119
European Beverage	1,731		1		1,605		26		24		257
European Food	1,751		76		1,500		16		28		144
Asia Pacific	1,189		—		1,277		33		110		133
Total reportable segments	7,805		148		6,427		120		243		$	980
Non-reportable segments	851		113		633		8		21
Corporate and unallocated items	—		—		970		6		11
Total	$	8,656	$	261	$	8,030	$	134	$	275

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.

Corporate and unallocated items include corporate and division administrative costs, technology costs, and unallocated items such as the U.S. and U.K. pension plan costs.

A reconciliation of segment income of reportable segments to income before income taxes and equity earnings for the three years ended December 31, 2015, 2014 and 2013 follows:

	2015			2014			2013
Segment income of reportable segments	$	1,132		$	1,089		$	980
Segment income of non-reportable segments	83			92			102
Corporate and unallocated items	(196		)	(197		)	(165		)
Provision for asbestos	(26		)	(45		)	(32		)
Restructuring and other	(66		)	(129		)	(34		)
Loss from early extinguishments of debt	(9		)	(34		)	(41		)
Interest expense	(270		)	(253		)	(236		)
Interest income	11			7			5
Foreign exchange	(20		)	(14		)	(3		)
Income before income taxes and equity earnings	$	639		$	516		$	576

For the three years ended December 31, 2015, 2014 and 2013, intercompany profit of $2, $4 and $2 was eliminated within segment income of non-reportable segments.

For the three years ended December 31, 2015, 2014 and 2013, no one customer accounted for more than 10% of the Company's consolidated net sales.

Sales by major product were:

	2015		2014		2013
Metal beverage cans and ends	$	4,957	$	4,863	$	4,824
Metal food cans and ends	2,410		2,735		2,339
Other metal packaging	977		1,173		1,211
Other products	418		326		282
Consolidated net sales	$	8,762	$	9,097	$	8,656

Sales and long-lived assets for the major countries in which the Company operates follows:

	Net Sales						Long-Lived Assets
	2015		2014		2013		2015		2014
United States	$	2,013	$	2,163	$	2,214	$	391	$	329
United Kingdom	712		783		759		144		174
Mexico	693		119		116		284		17
Spain	669		728		420		224		272
Other	4,675		5,304		5,147		1,656		1,763
Consolidated total	$	8,762	$	9,097	$	8,656	$	2,699	$	2,555