1. Segment Information

The Company has three reportable segments and three operating segments based on its geographic locations: Americas, Europe, and Asia Pacific. These three segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. As previously disclosed, to better leverage its scale and presence across a larger geography and market, the Company completed the consolidation of the former North America and Latin America segments into one segment, named the Americas, effective January 1, 2018. The consolidation resulted in the leadership roles of the former North America and Latin America segments being combined into one position, President of the Americas, reporting to the Company’s chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer. Beginning January 1, 2018, the CODM reviews the operating results at the Americas level to make resource allocation decisions and to assess performance. The consolidation also resulted in the elimination of duplicative costs as certain functions of the former North America and Latin America segments were combined to simplify the management of the new Americas segment. For example, the Company consolidated its business shared service centers in North America and Latin America into one Americas shared service center.

Certain assets and activities not directly related to one of the regions or to glass manufacturing are reported with Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, and certain equity investments. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments.

The Company’s measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings from continuing operations before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations as well as certain retained corporate costs. The Company’s management uses segment operating profit, in combination with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment operating profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided.

Financial information for the three and nine months ended September 30, 2018 and 2017 regarding the Company’s reportable segments is as follows:


	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Net sales:
Americas	$	939	$	963	$	2,777	$	2,774
Europe		613		624		1,930		1,813
Asia Pacific		165		188		491		516
Reportable segment totals		1,717		1,775		5,198		5,103
Other		17		16		44		54
Net sales	$	1,734	$	1,791	$	5,242	$	5,157


	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Segment operating profit:
Americas	$	158	$	159	$	458	$	459
Europe		87		81		260		220
Asia Pacific		10		20		16		51
Reportable segment totals		255		260		734		730
Items excluded from segment operating profit:
Retained corporate costs and other		(24)		(25)		(81)		(81)
Restructuring, asset impairment and other						(73)		(49)
Interest expense, net		(63)		(63)		(199)		(204)
Earnings from continuing operations before income taxes	$	168	$	172	$	381	$	396

Financial information regarding the Company’s total assets is as follows:


	September 30,		December 31,		September 30,
	2018		2017		2017
Total assets:
Americas	$	5,455	$	5,411	$	5,598
Europe		3,220		3,133		3,140
Asia Pacific		999		1,001		1,046

Reportable segment totals		9,674		9,545		9,784
Other		266		211		215
Consolidated totals	$	9,940	$	9,756	$	9,999