Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. The Company defines segment income as income from operations adjusted to exclude intangibles amortization charges, provisions for asbestos and restructuring and other, and the impact of fair value adjustments to inventory acquired in an acquisition.

Segment income should not be considered in isolation or as a substitute for net income 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,
	2020		2019		2020		2019
Americas Beverage	$	960	$	835	$	2,608	$	2,513
European Beverage	418		416		1,094		1,165
European Food	623		581		1,524		1,487
Asia Pacific	281		319		852		959
Transit Packaging	511		564		1,495		1,725
Total reportable segments	2,793		2,715		7,573		7,849
Non-reportable segments	374		369		1,040		1,025
Total	$	3,167	$	3,084	$	8,613	$	8,874

The primary sources of revenue included in non-reportable segments are the Company's food can and closures business in North America, aerosol can businesses in North America and Europe, its promotional 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,
	2020		2019		2020		2019
Americas Beverage	$	—	$	4	$	—	$	10
European Beverage	9		—		11		2
European Food	23		20		66		60
Transit Packaging	3		2		10		6
Total reportable segments	35		26		87		78
Non-reportable segments	18		33		85		99
Total	$	53	$	59	$	172	$	177

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,
	2020		2019		2020		2019
Americas Beverage	$	193	$	134	$	456	$	386
European Beverage	76		64		152		163
European Food	90		79		191		189
Asia Pacific	41		47		125		143
Transit Packaging	72		74		189		227
Total reportable segments	$	472	$	398	$	1,113	$	1,108

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,
	2020		2019		2020		2019
Segment income of reportable segments	$	472	$	398	$	1,113	$	1,108
Segment income of non-reportable segments	36		34		86		103
Corporate and unallocated items	(47)		(37)		(118)		(115)
Restructuring and other	(10)		—		(20)		41
Amortization of intangibles	(45)		(42)		(134)		(136)
Accelerated depreciation	—		(1)		—		(4)
Other pension and postretirement	1		(1)		(43)		(12)
Loss from early extinguishments of debt	—		—		—		(6)
Interest expense	(72)		(95)		(228)		(290)
Interest income	2		5		7		12
Foreign exchange	(2)		(4)		15		(6)
Income before income taxes	$	335	$	257	$	678	$	695

For the three and nine months ended September 30, 2020, intercompany profits of less than $1 and $5 were eliminated within segment income of non-reportable segments.

For the three and nine months ended September 30, 2019, intercompany profits of $1 and $5 were 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 stock-based compensation.