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Condensed Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net revenues $ 1,164 $ 1,212
Cost of sales (1,056) (1,038)
Gross profit 108 174
Selling, general and administrative expenses (126) (123)
Restructuring, asset impairment and other related charges 2 (3)
Other income, net 6 77
Operating (loss) income from continuing operations (10) 125
Non-operating income, net 23 16
Interest expense, net (42) (102)
(Loss) income from continuing operations before tax (29) 39
Income tax benefit 18 94
(Loss) income from continuing operations (11) 133
(Loss) income from discontinued operations, net of income taxes (3) 3
Net (loss) income (14) 136
Income attributable to non-controlling interests (1)  
Net (loss) income attributable to Pactiv Evergreen Inc. common shareholders $ (15) $ 136
From continuing operations    
Basic $ (0.07) $ 0.99
Diluted (0.07) 0.99
From discontinued operations    
Basic (0.02) 0.02
Diluted (0.02) 0.02
Total    
Basic (0.09) 1.01
Diluted $ (0.09) $ 1.01