Equity Investments (Tables)

12 Months Ended

Dec. 31, 2019

Equity Investments

Company's ownership percentage in affiliates

At December 31, 2019 the Company’s ownership percentage in affiliates include:

	O-I Ownership
Affiliates	Percentage		Business Type
Empresas Comegua S.A.	49.7	%	Glass container manufacturer
BJC O-I Glass Pte. Ltd.	50	%	Glass container manufacturer
CO Vidrieria SARL ("COV")	50	%	Glass container manufacturer
Rocky Mountain Bottle Company	50	%	Glass container manufacturer
Vetrerie Meridionali SpA ("VeMe")	50	%	Glass container manufacturer
Vetri Speciali SpA	50	%	Specialty glass manufacturer

Equity in earnings

	2019		2018		2017
Equity in earnings:
Non-U.S.	$	58	$	52	$	45
U.S.		20		25		32
Total	$	78	$	77	$	77
Dividends received	$	42	$	72	$	48

Summary of balance sheet information of equity investments

	2019		2018
At end of year:
Current assets	$	460	$	655
Non-current assets		1,356		1,306
Total assets		1,816		1,961
Current liabilities		303		342
Other liabilities and deferred items		158		242
Total liabilities and deferred items		461		584
Net assets	$	1,355	$	1,377

Summary of income statement information of equity investments

For the year:	2019		2018		2017
Net sales	$	908	$	972	$	883
Gross profit	$	232	$	234	$	242
Net earnings	$	114	$	184	$	165