Segment Information

9 Months Ended

Sep. 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				Nine Months Ended
	September 30				September 30
	2016		2015		2016		2015
Americas Beverage	$	719	$	722	$	2,068	$	2,080
North America Food	190		200		504		530
European Beverage	413		427		1,129		1,173
European Food	599		641		1,459		1,564
Asia Pacific	281		300		839		920
Total reportable segments	2,202		2,290		5,999		6,267
Non-reportable segments	124		170		362		468
Total	$	2,326	$	2,460	$	6,361	$	6,735

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

	Intersegment Sales				Intersegment Sales
	Three Months Ended				Nine Months Ended
	September 30				September 30
	2016		2015		2016		2015
Americas Beverage	$	11	$	16	$	44	$	61
North America Food	6		1		19		3
European Beverage	1		1		2		1
European Food	14		26		50		77
Asia Pacific	—		2		—		2
Total reportable segments	32		46		115		144
Non-reportable segments	48		19		110		73
Total	$	80	$	65	$	225	$	217

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				Nine Months Ended
	September 30				September 30
	2016		2015		2016		2015
Americas Beverage	$	119	$	116	$	329	$	300
North America Food	25		25		57		72
European Beverage	83		74		204		178
European Food	96		98		212		208
Asia Pacific	37		37		111		111
Total reportable segments	$	360	$	350	$	913	$	869

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

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2016			2015			2016			2015
Segment income of reportable segments	$	360		$	350		$	913		$	869
Segment income of non-reportable segments	19			25			52			62
Corporate and unallocated items	(44		)	(54		)	(117		)	(148		)
Restructuring and other	(20		)	(40		)	(19		)	(57		)
Loss from early extinguishments of debt	(10		)	—			(37		)	(9		)
Interest expense	(59		)	(68		)	(181		)	(202		)
Interest income	3			4			8			8
Foreign exchange	5			(9		)	22			(14		)
Income before income taxes	$	254		$	208		$	641		$	509

For the three and nine months ended September 30, 2016, intercompany profit of $8 and $12 was eliminated within segment income of non-reportable segments.

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.