Revenue

3 Months Ended

Mar. 31, 2022

Revenue

Revenue

2. Revenue

Revenue is recognized at a 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-month periods ended March 31, 2022 and March 31, 2021, 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.

The following tables for the three months ended March 31, 2022 and 2021 disaggregate the Company’s revenue by customer end use:

	Three months ended March 31, 2022
	Americas		Europe		Total
Alcoholic beverages (beer, wine, spirits)	$	575	$	536	$	1,111
Food and other		214		110		324
Non-alcoholic beverages		151		62		213
Reportable segment totals	$	940	$	708	$	1,648
Other						44
Net sales					$	1,692
	Three months ended March 31, 2021
	Americas		Europe		Total
Alcoholic beverages (beer, wine, spirits)	$	502	$	477	$	979
Food and other		209		118		327
Non-alcoholic beverages		126		44		170
Reportable segment totals	$	837	$	639	$	1,476
Other						24
Net sales					$	1,500