Equity Investments (Tables)

12 Months Ended

Dec. 31, 2020

Equity Investments

Company's ownership percentage in affiliates

At December 31, 2020, 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

	2020		2019		2018
Equity in earnings:
Non-U.S.	$	29	$	58	$	52
U.S.		8		20		25
Total	$	37	$	78	$	77
Dividends received	$	58	$	42	$	72

Summary of balance sheet information of equity investments

	2020		2019
At end of year:
Current assets	$	476	$	460
Non-current assets		1,317		1,356
Total assets		1,793		1,816
Current liabilities		330		303
Other liabilities and deferred items		183		158
Total liabilities and deferred items		513		461
Net assets	$	1,280	$	1,355

Summary of income statement information of equity investments

For the year:	2020		2019		2018
Net sales	$	927	$	908	$	972
Gross profit	$	256	$	232	$	234
Net earnings	$	141	$	114	$	184