XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 3,040 $ 3,109 $ 5,824 $ 6,083
Cost of products sold, excluding depreciation and amortization 2,379 2,463 4,626 4,874
Depreciation and amortization 115 125 230 248
Selling and administrative expense 150 148 304 308
Restructuring and other, net 17 6 40 17
Income from operations 379 367 624 636
Other pension and postretirement 13 16 24 27
Interest expense 112 110 225 212
Interest income (16) (12) (36) (21)
Foreign exchange 5 14 12 18
Income before taxes and equity in net earnings of affiliates 265 239 399 400
Provision for income taxes 54 59 94 101
Equity in net earnings of affiliates (4) 7 (5) 10
Net income 207 187 300 309
Net income attributable to noncontrolling interests 33 30 59 50
Net income attributable to Crown Holdings $ 174 $ 157 $ 241 $ 259
Earnings per common share attributable to Crown Holdings:        
Basic (in dollars per share) $ 1.45 $ 1.31 $ 2.02 $ 2.17
Diluted (in dollars per share) $ 1.45 $ 1.31 $ 2.01 $ 2.16