Pay vs Performance Disclosure - USD ($)

4 Months Ended

8 Months Ended

12 Months Ended

May 15, 2024

Dec. 31, 2024

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

							Value Initial Fixed $100
							Investment Based on:
	Summary		Summary		Average Summary	Average		Peer Group
	Compensation	Compensation	Compensation	Compensation	Compensation	Compensation	Total	Total
	Table Total for	Actually Paid to	Table Total for	Actually Paid to	Table Total for	Actually Paid to	Shareholder	Shareholder	Net
	Former PEO	Former PEO	Current PEO	Current PEO	non-PEO NEOs	non-PEO NEOs	Return	Return	Income (Loss)	EBIT
Year	($)	($)(1)	($)	($)(1)	($)	($)(1)	($)(2)	($)(2)	($ millions)	($ millions)(3)
2024	4,055,300	(5,559,909)	7,466,597	4,983,946	2,049,313	261,738	91.20	108.19	(106)	643
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 Company’s 2024 Chief Executive Officers (referred to in this section as the Former PEO (Mr. Lopez) and Current PEO (Mr. Hardie)) 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	Current PEO	Former PEO	Non-PEO NEOs
2024	Gordon J. Hardie	Andres A. Lopez	John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Giancarlo Currarino, Vitaliano Torno
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 2024 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
Former PEO
2024	$	-	$	-	$	(3,211,791)	$	(5,816,115)	$	-	$	(587,303)	$	-	$	(9,615,209)
Current PEO
2024		(6,479,626)		4,013,282		-		(16,307)		-		-		-		(2,482,651)
Avg. Non-PEO NEOs
2024		(1,048,317)		494,991		(440,721)		(772,445)		-		(91,699)		70,617		(1,787,574)

(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 Company’s 2024 Chief Executive Officers (referred to in this section as the Former PEO (Mr. Lopez) and Current PEO (Mr. Hardie)) 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	Current PEO	Former PEO	Non-PEO NEOs
2024	Gordon J. Hardie	Andres A. Lopez	John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Giancarlo Currarino, Vitaliano Torno
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

Adjustment To PEO Compensation, Footnote

Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2024 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
Former PEO
2024	$	-	$	-	$	(3,211,791)	$	(5,816,115)	$	-	$	(587,303)	$	-	$	(9,615,209)
Current PEO
2024		(6,479,626)		4,013,282		-		(16,307)		-		-		-		(2,482,651)
Avg. Non-PEO NEOs
2024		(1,048,317)		494,991		(440,721)		(772,445)		-		(91,699)		70,617		(1,787,574)

Non-PEO NEO Average Total Compensation Amount

$ 2,049,313

$ 2,842,148

$ 2,793,575

$ 2,480,792

$ 1,846,407

Non-PEO NEO Average Compensation Actually Paid Amount

$ 261,738

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 2024 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
Former PEO
2024	$	-	$	-	$	(3,211,791)	$	(5,816,115)	$	-	$	(587,303)	$	-	$	(9,615,209)
Current PEO
2024		(6,479,626)		4,013,282		-		(16,307)		-		-		-		(2,482,651)
Avg. Non-PEO NEOs
2024		(1,048,317)		494,991		(440,721)		(772,445)		-		(91,699)		70,617		(1,787,574)

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

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, 2024:

● EBIT,

● FCF,

● ROIC,

● EPS,

● TSR, and

● r-TSR

Total Shareholder Return Amount

$ 91.2

137.84

139.47

101.26

100.18

Peer Group Total Shareholder Return Amount

108.19

109.91

106.6

139.2

125.67

Net Income (Loss)

$ (106,000,000)

$ (103,000,000)

$ 584,000,000

$ 149,000,000

$ 249,000,000

Company Selected Measure Amount

643,000,000

943,000,000

753,000,000

680,000,000

579,000,000

PEO Name

Andres A. Lopez

Gordon J. Hardie

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

Gordon J. Hardie

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 7,466,597

PEO Actually Paid Compensation Amount

4,983,946

Andres A. Lopez

Pay vs Performance Disclosure

PEO Total Compensation Amount

4,055,300

$ 11,779,768

$ 12,244,474

$ 10,794,495

$ 8,783,162

PEO Actually Paid Compensation Amount

(5,559,909)

$ 14,408,779

$ 21,333,867

$ 6,373,916

$ 8,969,913

PEO | Gordon J. Hardie

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,482,651)

PEO | Gordon J. Hardie | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,479,626)

PEO | Gordon J. Hardie | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,013,282

PEO | Gordon J. Hardie | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(16,307)

PEO | Andres A. Lopez

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(9,615,209)

PEO | Andres A. Lopez | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(587,303)

PEO | Andres A. Lopez | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,211,791)

PEO | Andres A. Lopez | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,816,115)

Non-PEO NEO

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,787,574)

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(91,699)

Non-PEO NEO | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

70,617

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,048,317)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

494,991

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(440,721)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (772,445)