Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Reportable Operating Segment Information

Reportable segment information was as follows:

	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended June 30, 2023
Net sales	$	560,096	$	710,864	$	155,767	$	—	$	1,426,727
Adjusted EBIT	76,882		75,740		18,444		(10,268)		160,798
Depreciation	25,756		18,528		8,999		18		53,301
Three Months Ended June 30, 2022
Net sales	$	602,431	$	754,396	$	186,954	$	—	$	1,543,781
Adjusted EBIT	100,340		63,439		29,451		(5,377)		187,853
Depreciation	24,808		19,558		8,796		39		53,201
Six Months Ended June 30, 2023
Net sales	$	1,140,028	$	1,380,960	$	324,020	$	—	$	2,845,008
Adjusted EBIT	159,818		128,140		38,478		(16,234)		310,202
Depreciation	50,515		36,516		17,834		58		104,923
Six Months Ended June 30, 2022
Net sales	$	1,200,358	$	1,405,122	$	380,187	$	—	$	2,985,667
Adjusted EBIT	196,868		96,390		52,815		(12,001)		334,072
Depreciation	49,469		40,289		17,539		81		107,378

Reconciliation of Adjusted EBIT to Income before Income Taxes

Total adjusted EBIT is reconciled to income before income taxes as follows:

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
	(Dollars in thousands)
Total adjusted EBIT	$	160,798	$	187,853	$	310,202	$	334,072
Less:
Acquired intangible asset amortization expense	13,304		13,188		26,525		26,618
Other pension expense (income) for U.S. pension plans	834		(11,983)		1,668		(23,965)
Rationalization charges	2,667		3,428		6,788		4,807
European Commission settlement	—		25,203		—		25,203
Income before interest and income taxes	143,993		158,017		275,221		301,409
Less interest and other debt expense	46,792		28,660		83,558		59,490
Income before income taxes	$	97,201	$	129,357	$	191,663	$	241,919