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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

    

Value Initial Fixed $100

Investment Based on:

Summary

Average Summary

Average

Peer Group

Compensation

Compensation

Compensation

Compensation

Total

Total

Net

Table Total for

Actually Paid to

Table Total for

Actually Paid to

Shareholder

Shareholder

Income

PEO

PEO

non-PEO NEOs

non-PEO NEOs

Return

Return

(Loss)

EBIT

Year

($)

($)(1)

($)

($)(1)

($)(2)

($)(2)

($ millions)

($ millions)(3)

2023

11,779,768

14,408,779

2,842,148

2,967,069

137.84

109.91

(103)

943

2022

12,244,474

21,333,867

2,793,575

3,925,060

139.47

106.60

584

753

2021

 

10,794,495

6,373,916

2,480,792

1,992,573

101.26

139.20

149

680

2020

8,783,162

8,969,913

1,846,407

1,473,863

100.18

125.67

249

579

(1)Amounts represent compensation actually paid to the Chief Executive Officer (referred to in this section as the PEO) and the average compensation actually paid to the remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

    

Year

PEO

Non-PEO NEOs

2023

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno

2022

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno

2021

 

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino

2020

Andres A. Lopez

John A. Haudrich, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino, Miguel I. Alvarez, Mary Beth Wilkinson

Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2023 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

    

Subtract amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for applicable FY

    

YE Value of Current Year Award Outstanding as of YE

    

Change in Value as of YE for Prior Year Awards Outstanding as of YE

    

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

    

Value as of Prior YE for Prior Year Award Forfeited During the Year

    

Change in Actuarial Value of Pension Benefits During Year

    

Increase for Service Cost and, if applicable, Prior Service Cost for pension plans

    

Total Adjustments

CEO

2023

$

(7,654,430)

$

6,002,733

$

1,789,675

$

2,874,924

$

-

$

(383,892)

$

-

$

2,629,011

Avg. Other NEOs

2023

(1,107,767)

868,730

243,855

363,622

-

(326,185)

82,667

124,922

(2)For the relevant year, represents the cumulative TSR (the “Peer Group TSR”) of the following peer companies (which comprise a packaging group consisting of companies with lines of business or product end uses comparable to those of the Company for which market quotations are available): AptarGroup, Inc., Ardagh Group S.A., Ball Corp., Crown Holdings, Inc., O-I Glass, Inc., Sealed Air Corp., Silgan Holdings Inc., and Sonoco Products Co. TSR amounts reported in the graph (both for O-I’s TSR and for the Peer Group TSR) assume an initial fixed investment of $100 in the Company’s common stock or in the peer group, as applicable, for the period beginning on December 31, 2019 through the end of the relevant fiscal year, and that all dividends, if any, were reinvested.I

(3)EBIT is a non-GAAP measure. See Appendix A for a calculation of this measure.

     
Company Selected Measure Name EBIT      
Named Executive Officers, Footnote
(1)Amounts represent compensation actually paid to the Chief Executive Officer (referred to in this section as the PEO) and the average compensation actually paid to the remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

    

Year

PEO

Non-PEO NEOs

2023

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno

2022

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno

2021

 

Andres A. Lopez

John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino

2020

Andres A. Lopez

John A. Haudrich, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino, Miguel I. Alvarez, Mary Beth Wilkinson

     
Peer Group Issuers, Footnote
(2)For the relevant year, represents the cumulative TSR (the “Peer Group TSR”) of the following peer companies (which comprise a packaging group consisting of companies with lines of business or product end uses comparable to those of the Company for which market quotations are available): AptarGroup, Inc., Ardagh Group S.A., Ball Corp., Crown Holdings, Inc., O-I Glass, Inc., Sealed Air Corp., Silgan Holdings Inc., and Sonoco Products Co. TSR amounts reported in the graph (both for O-I’s TSR and for the Peer Group TSR) assume an initial fixed investment of $100 in the Company’s common stock or in the peer group, as applicable, for the period beginning on December 31, 2019 through the end of the relevant fiscal year, and that all dividends, if any, were reinvested.I
     
PEO Total Compensation Amount $ 11,779,768 $ 12,244,474 $ 10,794,495 $ 8,783,162
PEO Actually Paid Compensation Amount $ 14,408,779 21,333,867 6,373,916 8,969,913
Adjustment To PEO Compensation, Footnote

Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2023 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

    

Subtract amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for applicable FY

    

YE Value of Current Year Award Outstanding as of YE

    

Change in Value as of YE for Prior Year Awards Outstanding as of YE

    

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

    

Value as of Prior YE for Prior Year Award Forfeited During the Year

    

Change in Actuarial Value of Pension Benefits During Year

    

Increase for Service Cost and, if applicable, Prior Service Cost for pension plans

    

Total Adjustments

CEO

2023

$

(7,654,430)

$

6,002,733

$

1,789,675

$

2,874,924

$

-

$

(383,892)

$

-

$

2,629,011

Avg. Other NEOs

2023

(1,107,767)

868,730

243,855

363,622

-

(326,185)

82,667

124,922

     
Non-PEO NEO Average Total Compensation Amount $ 2,842,148 2,793,575 2,480,792 1,846,407
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,967,069 3,925,060 1,992,573 1,473,863
Adjustment to Non-PEO NEO Compensation Footnote

Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2023 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

    

Subtract amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for applicable FY

    

YE Value of Current Year Award Outstanding as of YE

    

Change in Value as of YE for Prior Year Awards Outstanding as of YE

    

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

    

Value as of Prior YE for Prior Year Award Forfeited During the Year

    

Change in Actuarial Value of Pension Benefits During Year

    

Increase for Service Cost and, if applicable, Prior Service Cost for pension plans

    

Total Adjustments

CEO

2023

$

(7,654,430)

$

6,002,733

$

1,789,675

$

2,874,924

$

-

$

(383,892)

$

-

$

2,629,011

Avg. Other NEOs

2023

(1,107,767)

868,730

243,855

363,622

-

(326,185)

82,667

124,922

     
Compensation Actually Paid vs. Total Shareholder Return

Graphic

     
Compensation Actually Paid vs. Net Income

Graphic

     
Compensation Actually Paid vs. Company Selected Measure

Graphic

     
Total Shareholder Return Vs Peer Group

Graphic

     
Tabular List, Table

Management believes the following performance measures represent the most important financial performance measures used by the Company to link compensation actually paid to its NEOs for the fiscal year ended December 31, 2023:

EBIT,
FCF,
ROIC,
EPS,
TSR, and
r-TSR
     
Total Shareholder Return Amount $ 137.84 139.47 101.26 100.18
Peer Group Total Shareholder Return Amount 109.91 106.60 139.20 125.67
Net Income (Loss) $ (103,000,000) $ 584,000,000 $ 149,000,000 $ 249,000,000
Company Selected Measure Amount 943,000,000 753,000,000 680,000,000 579,000,000
PEO Name Andres A. Lopez      
Measure:: 1        
Pay vs Performance Disclosure        
Name EBIT      
Non-GAAP Measure Description
(3)EBIT is a non-GAAP measure. See Appendix A for a calculation of this measure.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name FCF      
Measure:: 3        
Pay vs Performance Disclosure        
Name ROIC      
Measure:: 4        
Pay vs Performance Disclosure        
Name EPS      
Measure:: 5        
Pay vs Performance Disclosure        
Name TSR      
Measure:: 6        
Pay vs Performance Disclosure        
Name r-TSR      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 2,629,011      
PEO | Subtract amounts reported in the "Stock Awards" and "Option Awards" columns in the SCT for applicable FY        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (7,654,430)      
PEO | YE Value of Current Year Award Outstanding as of YE        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,002,733      
PEO | Change in Value as of YE for Prior Year Awards Outstanding as of YE        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,789,675      
PEO | Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,874,924      
PEO | Change in Actuarial Value of Pension Benefits During Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (383,892)      
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 124,922      
Non-PEO NEO | Subtract amounts reported in the "Stock Awards" and "Option Awards" columns in the SCT for applicable FY        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,107,767)      
Non-PEO NEO | YE Value of Current Year Award Outstanding as of YE        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 868,730      
Non-PEO NEO | Change in Value as of YE for Prior Year Awards Outstanding as of YE        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 243,855      
Non-PEO NEO | Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 363,622      
Non-PEO NEO | Change in Actuarial Value of Pension Benefits During Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (326,185)      
Non-PEO NEO | Increase for Service Cost and, if applicable, Prior Service Cost for pension plans        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 82,667