Revenue

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

The following tables present our revenues disaggregated by reportable business segment and geography as they best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

Revenues by business segment were as follows:

	2019		2018		2017
	(Dollars in thousands)
Metal containers	$	2,473,214	$	2,377,980	$	2,278,054
Closures	1,405,611		1,456,799		1,246,669
Plastic containers	611,102		614,096		565,131
	$	4,489,927	$	4,448,875	$	4,089,854

Revenues by geography were as follows:

	2019		2018		2017
	(Dollars in thousands)
North America	$	3,593,961	$	3,516,045	$	3,268,126
Europe and other	895,966		932,830		821,728
	$	4,489,927	$	4,448,875	$	4,089,854

Our contracts generally include standard commercial payment terms generally acceptable in each region. We do not provide financing with extended payment terms beyond generally standard commercial payment terms for the applicable industry. We have no significant obligations for refunds, warranties or similar obligations.

Trade accounts receivable, net are shown separately on our Consolidated Balance Sheet. Contract assets are the result of the timing of revenue recognition, billings and cash collections. Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $71.1 million and $72.5 million as of December 31, 2019 and 2018, respectively. Unbilled receivables are included in trade accounts receivable, net on our Consolidated Balance Sheet.