XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net revenues $ 1,495 $ 1,164
Cost of sales (1,263) (1,056)
Gross profit 232 108
Selling, general and administrative expenses (142) (126)
Restructuring, asset impairment and other related charges   2
Other income, net 28 6
Operating income (loss) from continuing operations 118 (10)
Non-operating income, net 10 23
Interest expense, net (49) (42)
Income (loss) from continuing operations before tax 79 (29)
Income tax (expense) benefit (36) 18
Income (loss) from continuing operations 43 (11)
Loss from discontinued operations, net of income taxes   (3)
Net income (loss) 43 (14)
Income attributable to non-controlling interests   (1)
Net income (loss) attributable to Pactiv Evergreen Inc. common shareholders $ 43 $ (15)
From continuing operations    
Basic $ 0.24 $ (0.07)
Diluted 0.24 (0.07)
From discontinued operations    
Basic   (0.02)
Diluted   (0.02)
Total    
Basic 0.24 (0.09)
Diluted $ 0.24 $ (0.09)