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Equity Investments (Tables)
12 Months Ended
Dec. 31, 2022
Equity Investments  
Company's ownership percentage in affiliates

At December 31, 2022, 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

    

2022

    

2021

    

2020

 

Equity in earnings:

Non-U.S.

$

101

$

83

$

29

U.S.

 

6

 

7

 

8

Total

$

107

$

90

$

37

Dividends received

$

71

$

103

$

58

Summary of balance sheet information of equity investments

    

2022

    

2021

 

At end of year:

Current assets

$

641

$

557

Non-current assets

 

1,369

 

1,317

Total assets

 

2,010

 

1,874

Current liabilities

 

426

 

386

Other liabilities and deferred items

 

207

 

195

Total liabilities and deferred items

 

633

 

581

Net assets

$

1,377

$

1,293

Summary of income statement information of equity investments