BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Reportable segment information for each of the past three years is as follows:


	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
2024
Net sales	$	2,304,370	$	2,900,678	$	649,646	$	—	$	5,854,694
Segment expenses and other (a)	1,939,445		2,658,257		568,668		30,815		5,197,185
Equity in earnings of affiliates, net of tax	685		—		—		—		685
Adjusted EBIT	365,610		242,421		80,978		(30,815)		658,194
Depreciation	109,956		77,389		35,757		162		223,264
Segment assets	5,376,183		2,309,297		805,657		45,082		8,536,219
Capital expenditures	126,185		104,701		31,842		58		262,786
2023
Net sales	$	2,221,430	$	3,140,830	$	625,945	$	—	$	5,988,205
Segment expenses and other (a)	1,880,786		2,858,428		562,628		25,810		5,327,652
Adjusted EBIT	340,644		282,402		63,317		(25,810)		660,553
Depreciation	101,664		73,558		34,846		74		210,142
Segment assets	4,437,833		2,178,416		898,582		46,270		7,561,101
Capital expenditures	110,073		95,260		20,474		1,003		226,810
2022
Net sales	$	2,316,690	$	3,371,776	$	723,033	$	—	$	6,411,499
Segment expenses and other (a)	1,956,937		3,089,562		636,225		22,470		5,705,194
Adjusted EBIT	359,753		282,214		86,808		(22,470)		706,305
Depreciation	98,214		76,537		35,325		159		210,235
Segment assets	4,391,599		1,965,415		898,308		43,911		7,299,233
Capital expenditures	105,759		81,533		28,462		7		215,761

______________________

(a) Segment expenses and other includes cost of goods sold, selling, general and administrative expenses, and other pension and postretirement (income) expense and excludes acquired intangible asset amortization expense, other pension (income) expense only for U.S. pension plans, the impact from charges for the write-up of acquired inventory, the charge for the European Commission settlement, and costs attributed to announced acquisitions.

Reconciliation of Adjusted EBIT To Consolidated Income (Loss) Before Income Taxes

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


	2024		2023		2022
	(Dollars in thousands)
Total adjusted EBIT	$	658,194	$	660,553	$	706,305
Less:
Acquired intangible asset amortization expense	52,620		53,091		52,553
Other pension (income) expense for U.S. pension plans	(4,110)		3,614		(47,494)
Equity in earnings of affiliates, net of tax	685		—		—
Rationalization charges	59,481		8,412		74,081
Purchase accounting write-up of inventory	6,062		—		—
European Commission settlement	—		—		25,203
Costs attributed to announced acquisitions	28,361		—		—
Income before interest and income taxes	515,095		595,436		601,962
Interest and other debt expense	167,425		173,315		127,823
Income before income taxes	$	347,670	$	422,121	$	474,139

Reconciliation of Total Segment Assets to Total Assets

Total segment assets at December 31 are reconciled to total assets as follows:


	2024		2023
	(Dollars in thousands)
Total segment assets	$	8,536,219	$	7,561,101
Other assets	48,449		50,135
Total assets	$	8,584,668	$	7,611,236

Financial Information Relating to Operations by Geographic Area

Financial information relating to our operations by geographic area is as follows:


	2024		2023		2022
	(Dollars in thousands)
Net sales:
United States	$	4,159,904	$	4,377,928	$	4,805,266
Foreign:
Europe	1,241,806		1,201,534		1,299,616

Other	452,984		408,743		306,617
Total net sales from foreign operations	1,694,790		1,610,277		1,606,233
Total net sales	$	5,854,694	$	5,988,205	$	6,411,499
Long-lived assets:
United States	$	1,245,639	$	1,258,531
Foreign:
Europe	774,099		540,254

Other	263,165		162,800
Total long-lived assets at foreign operations	1,037,264		703,054
Total long-lived assets	$	2,282,903	$	1,961,585