Revenue

9 Months Ended

Sep. 30, 2021

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, 2021 and September 30, 2020, 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-month periods ended September 30, 2020, 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, 2021 and 2020 disaggregate the Company’s revenue by customer end use:

	Three months ended September 30, 2021
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	561	$	467	$	—	$	1,028
Food and other		215		124				339
Non-alcoholic beverages		149		64				213
Reportable segment totals	$	925	$	655	$	—	$	1,580
Other								29
Net sales							$	1,609
	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

The following tables for the nine months ended September 30, 2021 and 2020 disaggregate the Company’s revenue by customer end use:

	Nine months ended September 30, 2021
	Americas		Europe		Asia Pacific		Total
Alcoholic beverages (beer, wine, spirits)	$	1,610	$	1,507	$	—	$	3,117
Food and other		627		366				993
Non-alcoholic beverages		415		166				581
Reportable segment totals	$	2,652	$	2,039	$	—	$	4,691
Other								79
Net sales							$	4,770
	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