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Segment Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company’s business is generally organized by product line and geography within four divisions: Americas, Europe, Asia Pacific and Transit Packaging. Within the Americas and European divisions, the Company has determined that it has the following reportable segments: Americas Beverage within the Americas, and European Beverage and European Food within Europe. The Company's Asia Pacific and Transit Packaging Divisions are reportable segments.

Non-reportable segments include the Company’s aerosol can businesses in North America and Europe, the Company's food can business in North America, the Company’s promotional 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 exclude intangibles amortization charges, provisions for asbestos and restructuring and other, the impact of fair value adjustments related to 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, 2019, 2018 and 2017:

2019
 
 
Inter-
 
 
 
 
 
 
 
 
 
External
 
segment
 
Segment
 
 
 
Capital
 
Segment
 
sales
 
sales
 
assets
 
Depreciation
 
expenditures
 
income
Americas Beverage
$
3,369

 
$
12

 
$
3,577

 
$
88

 
$
167

 
$
534

European Beverage
1,497

 
2

 
1,782

 
54

 
82

 
190

European Food
1,887

 
81

 
2,742

 
36

 
34

 
205

Asia Pacific
1,290

 

 
1,604

 
52

 
65

 
194

Transit Packaging
2,274

 
9

 
4,157

 
57

 
27

 
290

Total reportable segments
10,317

 
104

 
13,862

 
287

 
375

 
$
1,413

Non-reportable segments
1,348

 
143

 
1,106

 
18

 
31

 
 
Corporate and unallocated items

 

 
537

 
4

 
26

 
 
Total
$
11,665

 
$
247

 
$
15,505

 
$
309

 
$
432

 





2018
 
 
Inter-
 
 
 
 
 
 
 
 
 
External
 
segment
 
Segment
 
 
 
Capital
 
Segment
 
sales
 
sales
 
assets
 
Depreciation
 
expenditures
 
income
Americas Beverage
$
3,282

 
$
53

 
$
3,388

 
$
84

 
$
111

 
$
454

European Beverage
1,489

 
1

 
1,705

 
38

 
121

 
193

European Food
1,982

 
69

 
2,792

 
39

 
17

 
257

Asia Pacific
1,316

 

 
1,558

 
48

 
130

 
186

Transit Packaging
1,800

 
5

 
4,415

 
43

 
24

 
255

Total reportable segments
9,869

 
128

 
13,858

 
252

 
403

 
$
1,345

Non-reportable segments
1,282

 
142

 
1,066

 
18

 
27

 
 
Corporate and unallocated items

 

 
338

 
7

 
32

 
 
Total
$
11,151

 
$
270

 
$
15,262

 
$
277

 
$
462

 
 


2017
 
 
Inter-
 
 
 
 
 
 
 
 
 
External
 
segment
 
Segment
 
 
 
Capital
 
Segment
 
sales
 
sales
 
assets
 
Depreciation
 
expenditures
 
income
Americas Beverage
$
2,928

 
$
34

 
$
3,253

 
$
75

 
$
167

 
$
470

European Beverage
1,457

 
2

 
1,631

 
35

 
109

 
235

European Food
1,935

 
70

 
2,964

 
35

 
45

 
264

Asia Pacific
1,177

 

 
1,355

 
42

 
123

 
168

Total reportable segments
7,497

 
106

 
9,203

 
187

 
444

 
$
1,137

Non-reportable segments
1,201

 
116

 
1,039

 
17

 
27

 
 
Corporate and unallocated items

 

 
421

 
4

 
27

 
 
Total
$
8,698

 
$
222

 
$
10,663

 
$
208

 
$
498

 



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 stock-based compensation.

A reconciliation of segment income of reportable segments to income before income taxes for the three years ended December 31, 2019, 2018 and 2017 follows:

 
2019
 
2018
 
2017
Segment income of reportable segments
$
1,413

 
$
1,345

 
$
1,137

Segment income of non-reportable segments
126

 
122

 
123

Corporate and unallocated items
(158
)
 
(139
)
 
(143
)
Provision for asbestos

 

 
(3
)
Restructuring and other
26

 
(44
)
 
(51
)
Goodwill impairment
(25
)
 

 

Amortization of intangibles
(186
)
 
(148
)
 
(39
)
Loss from early extinguishments of debt
(27
)
 

 
(7
)
Fair value adjustment to inventory

 
(40
)
 

Other pension and postretirement
(13
)
 
25

 
53

Interest expense
(378
)
 
(384
)
 
(252
)
Interest income
17

 
21

 
15

Foreign exchange
(9
)
 
(18
)
 
(4
)
Income before income taxes
$
786

 
$
740

 
$
829


For the three years ended December 31, 2019, 2018 and 2017, intercompany profit of $6, $7 and $8 was eliminated within segment income of non-reportable segments.

For the three years ended December 31, 2019, 2018 and 2017, no one customer accounted for more than 10% of the Company's consolidated net sales.

Sales by major product were:
 
2019
 
2018
 
2017
Metal beverage cans and ends
$
5,588

 
$
5,551

 
$
5,085

Metal food cans and ends
2,435

 
2,452

 
2,331

Transit packaging
2,274

 
1,800

 

Other metal packaging
887

 
884

 
887

Other products
481

 
464

 
395

Consolidated net sales
$
11,665

 
$
11,151

 
$
8,698


The following table provides sales and long-lived asset information for the major countries in which the Company operates. Long-lived assets includes property, plant and equipment.
 
Net Sales
 
Long-Lived Assets
 
2019
 
2018
 
2017
 
2019
 
2018
United States
$
3,407

 
$
3,018

 
$
1,931

 
$
722

 
$
694

Mexico
834

 
763

 
699

 
438

 
434

Brazil
714

 
732

 
652

 
393

 
350

United Kingdom
641

 
685

 
600

 
136

 
139

Spain
682

 
666

 
649

 
337

 
346

Other
5,387

 
5,287

 
4,167

 
1,861

 
1,782

Consolidated total
$
11,665

 
$
11,151

 
$
8,698

 
$
3,887

 
$
3,745