2. 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. Amounts for 2017 and 2016 in the following tables are presented on the redefined basis for the Americas segment.

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 regarding the Company’s reportable segments is as follows (dollars in millions):


	2018		2017		2016
Net sales:
Americas	$	3,638	$	3,711	$	3,652
Europe		2,489		2,375		2,300
Asia Pacific		675		714		684
Reportable segment totals		6,802		6,800		6,636
Other		75		69		66
Net sales	$	6,877	$	6,869	$	6,702


	2018		2017		2016
Segment operating profit:
Americas	$	585	$	614	$	568
Europe		316		263		237
Asia Pacific		44		65		77
Reportable segment totals		945		942		882
Items excluded from segment operating profit:
Retained corporate costs and other charges		(106)		(104)		(98)
Charge for asbestos-related costs		(125)
Pension settlement charges		(74)		(218)		(98)
Restructuring, asset impairment and other		(102)		(77)		(129)
Gain on China land sale						71
Interest expense, net		(261)		(268)		(272)
Earnings from continuing operations before income taxes	$	277	$	275	$	356


							Reportable		Retained		Consoli-
					Asia		Segment		Corp Costs		dated
	Americas		Europe		Pacific		Totals		and Other		Totals
Total assets:
2018	$	5,497	$	3,036	$	918	$	9,451	$	248	$	9,699
2017		5,411		3,133		1,001		9,545		211		9,756
2016		5,059		2,792		926		8,777		358		9,135
Equity investments:
2018	$	429	$	98	$	106	$	633	$	65	$	698
2017		259		95		114		468		57		525
2016		21		78		117		216		217		433
Equity earnings:
2018	$	39	$	21	$	—	$	60	$	17	$	77
2017		41		18				59		18		77
2016		12		15		4		31		29		60
Capital expenditures:
2018	$	255	$	187	$	92	$	534	$	2	$	536
2017		233		152		55		440		1		441
2016		231		163		59		453		1		454
Depreciation and amortization expense:
2018	$	293	$	136	$	55	$	484	$	10	$	494
2017		310		125		43		478		10		488
2016		312		118		37		467		11		478

The Company’s net property, plant and equipment by geographic segment are as follows:


	U.S.		Non-U.S.		Total
2018	$	681	$	2,404	$	3,085
2017		757		2,374		3,131
2016		749		2,131		2,880

The Company’s net sales by geographic segment are as follows:


	U.S.		Non-U.S.		Total
2018	$	2,020	$	4,857	$	6,877
2017		2,072		4,797		6,869
2016		2,124		4,578		6,702

None of the years presented had a country with operations outside of the U.S. that accounted for more than 10% or more of consolidated net sales.