Segment Information

6 Months Ended

Jun. 30, 2016

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 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 the Company's operating segments.

	External Sales				External Sales
	Three Months Ended				Six Months Ended
	June 30				June 30
	2016		2015		2016		2015
Americas Beverage	$	706	$	741	$	1,349	$	1,358
North America Food	168		170		314		330
European Beverage	401		422		716		746
European Food	462		492		860		923
Asia Pacific	281		310		558		620
Total reportable segments	2,018		2,135		3,797		3,977
Non-reportable segments	124		143		238		298
Total	$	2,142	$	2,278	$	4,035	$	4,275

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
	2016		2015		2016		2015
Americas Beverage	$	18	$	24	$	33	$	45
North America Food	7		1		13		2
European Beverage	—		—		1		—
European Food	20		24		36		51
Asia Pacific	—		—		—		—
Total reportable segments	45		49		83		98
Non-reportable segments	44		27		62		54
Total	$	89	$	76	$	145	$	152

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
	2016		2015		2016		2015
Americas Beverage	$	106	$	99	$	210	$	184
North America Food	20		23		32		47
European Beverage	75		66		121		104
European Food	67		68		116		110
Asia Pacific	39		39		74		74
Total reportable segments	$	307	$	295	$	553	$	519

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

	Three Months Ended						Six Months Ended
	June 30						June 30
	2016			2015			2016			2015
Segment income of reportable segments	$	307		$	295		$	553		$	519
Segment income of non-reportable segments	20			20			33			37
Corporate and unallocated items	(35		)	(41		)	(73		)	(94		)
Restructuring and other	3			3			1			(17		)
Loss from early extinguishments of debt				(9		)	(27		)	(9		)
Interest expense	(58		)	(69		)	(122		)	(134		)
Interest income	2			2			5			4
Foreign exchange	11			1			17			(5		)
Income before income taxes	$	250		$	202		$	387		$	301

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.