Segment Information

6 Months Ended

Jun. 30, 2022

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 and provisions for restructuring and other. 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Americas Beverage	$	1,378	$	1,096	$	2,604	$	2,089
European Beverage	599		479		1,109		868
Asia Pacific	432		330		845		661
Transit Packaging	691		637		1,348		1,194
Other	410		314		766		608
Total	$	3,510	$	2,856	$	6,672	$	5,420

The primary sources of revenue included in Other are the Company's food can, aerosol can, and closures businesses in North America, and beverage tooling and equipment operations in the U.S. and U.K.

	Intersegment Sales				Intersegment Sales
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Americas Beverage	$	7	$	—	$	7	$	—
European Beverage	$	30	$	36	$	60	$	72
Transit Packaging	6		6		14		13
Other	20		30		49		60
Total	$	63	$	72	$	130	$	145

Intersegment sales primarily include sales of cans, ends and parts and equipment used in the manufacturing process.

	Segment Income				Segment Income
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Americas Beverage	$	216	$	197	$	380	$	385
European Beverage	56		78		109		140
Asia Pacific	55		47		108		99
Transit Packaging	74		82		135		152
Total reportable segments	$	401	$	404	$	732	$	776

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,
	2022		2021		2022		2021
Segment income of reportable segments	$	401	$	404	$	732	$	776
Segment income of other	62		36		156		72
Corporate and unallocated items	(31)		(45)		(73)		(84)
Restructuring and other	73		31		74		31
Amortization of intangibles	(39)		(41)		(79)		(83)
Other pension and postretirement	4		2		8		3
Interest expense	(64)		(68)		(118)		(137)
Interest income	3		1		6		3
Foreign exchange	(7)		(1)		3		1
Income from continuing operations before taxes and equity in net earnings of affiliates	$	402	$	319	$	709	$	582

For the three and six months ended June 30, 2022, intercompany profits of $5 and $9 were eliminated within segment income of other.

For the three and six months ended June 30, 2021, intercompany profits of $2 and $4 were eliminated within segment income of other.

Corporate and unallocated items includes corporate and division administrative costs, technology costs, and unallocated items such as stock-based compensation.