Segment Information

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Americas Beverage	$	1,312	$	1,151	$	3,916	$	3,240
European Beverage	552		513		1,661		1,381
Asia Pacific	375		280		1,220		941
Transit Packaging	609		644		1,957		1,838
Other	411		332		1,177		940
Total	$	3,259	$	2,920	$	9,931	$	8,340

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				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Americas Beverage	$	—	$	—	$	7	$	—
European Beverage	28		36		88		108
Transit Packaging	9		7		23		20
Other	12		38		61		98
Total	$	49	$	81	$	179	$	226

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

	Segment Income				Segment Income
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Americas Beverage	$	185	$	190	$	565	$	575
European Beverage	20		76		129		216
Asia Pacific	35		32		143		131
Transit Packaging	75		83		210		235
Total reportable segments	$	315	$	381	$	1,047	$	1,157

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,
	2022		2021		2022		2021
Segment income of reportable segments	$	315	$	381	$	1,047	$	1,157
Segment income of other	50		39		206		111
Corporate and unallocated items	(29)		(41)		(102)		(125)
Restructuring and other, net	1		11		75		42
Amortization of intangibles	(40)		(42)		(119)		(125)
Loss from early extinguishments of debt	(11)		—		(11)		—
Other pension and postretirement	5		1		13		4
Interest expense	(76)		(66)		(194)		(203)
Interest income	3		2		9		5
Foreign exchange	(15)		—		(12)		1
Income from continuing operations before taxes and equity in net earnings of affiliates	$	203	$	285	$	912	$	867

For the three and nine months ended September 30, 2022, intercompany profits of $2 and $11 were eliminated within segment income of other.

For the three and nine months ended September 30, 2021, intercompany profits of $4 and $8 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.