Revenue

9 Months Ended

Sep. 30, 2020

Revenue

Revenue

2. Revenue

Revenue is recognized at the point in time when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Sales, value added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment.

For the three- and nine-month periods ended September 30, 2020 and September 30, 2019, the Company had no material bad debt expense and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheet.

Consistent with the disclosures in Note 1 related to the ANZ sale, Asia Pacific revenue for the three and nine months ended September 30, 2020 reflects only one month and seven months, respectively, of revenue from the ANZ businesses. For the three and nine months ended September 30, 2019, revenue of the Asia Pacific segment has been recast to reflect only the revenue of the ANZ businesses. The other businesses that comprised the Asia Pacific segment and that have been retained by the Company have been reclassified to the Other sales line.

The following tables for the three months ended September 30, 2020 and 2019 disaggregate the Company’s revenue by customer end use:

	Three months ended September 30, 2020
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	537	$	452	$	40	$	1,029
Food and other		222		138		6		366
Non-alcoholic beverages		128		54		6		188
Reportable segment totals	$	887	$	644	$	52	$	1,583
Other								33
Net sales							$	1,616
	Three months ended September 30, 2019
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	591	$	409	$	99	$	1,099
Food and other		192		119		16		327
Non-alcoholic beverages		135		60		13		208
Reportable segment totals	$	918	$	588	$	128	$	1,634
Other								36
Net sales							$	1,670

The following tables for the nine months ended September 30, 2020 and 2019 disaggregate the Company’s revenue by customer end use:

	Nine months ended September 30, 2020
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	1,471	$	1,258	$	217	$	2,946
Food and other		609		360		38		1,007
Non-alcoholic beverages		362		157		26		545
Reportable segment totals	$	2,442	$	1,775	$	281	$	4,498
Other								97
Net sales							$	4,595
	Nine months ended September 30, 2019
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	1,744	$	1,315	$	295	$	3,354
Food and other		564		331		51		946
Non-alcoholic beverages		425		188		36		649
Reportable segment totals	$	2,733	$	1,834	$	382	$	4,949
Other								114
Net sales							$	5,063