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Restructuring and Other
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Restructuring and Other
The Company recorded restructuring and other items as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Asset sales and impairments, net$30 $(21)$51 $(17)
Restructuring— 16 43 
Other costs— — (3)
Asbestos— — 11 — 
$30 $(13)$75 $27 

For the three and nine months ended September 30, 2025, asset sales and impairments primarily included asset impairment charges related to plants in Myanmar and China and end line rationalization in the Asia Pacific segment. In addition, in the first quarter of 2025 the Company recognized a gain for a sale of a building in the Transit Packaging segment. For the nine months ended September 30, 2024, asset sales and impairments included a gain of $22 for the sale of food can equipment in Mexico.

For the nine months ended September 30, 2025 restructuring primarily included headcount reductions and other exit costs in the Transit Packaging segment. For the three and nine months ended September 30, 2024, restructuring primarily included headcount reductions and other exit costs in the Company's European Beverage and Other segments.

During the nine months ended September 30, 2025, the Company recorded an $11 asbestos reserve related to an unfavorable jury verdict in the state of California. See Note I for details.

During 2025, the Company made payments of $16 and had a restructuring accrual of $19 as of September 30, 2025, primarily related to previously announced restructuring actions and the items discussed above. The Company expects to pay these amounts over the next twelve months. The Company continues to review its costs structure and may record additional restructuring charges in the future.