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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Business Segment Information  
Schedule of major customers

​

​

​

​

​

​

​

​

​

​

    

2022

    

2021

    

2020

 

​

​

​

​

​

​

​

​

Anheuser-Busch InBev and affiliates

​

13

%  

12

%  

13

%  

U.S. Government

​

12

%  

13

%  

14

%  

Coca-Cola Bottlers' Sales & Services Company LLC and affiliates

​

11

%  

10

%  

9

%  

​

Summary of net sales and long lived assets by geographic area

​

​

​

​

​

​

​

​

​

​

​

​

​

​

($ in millions)

    

U.S.

​

Brazil

    

Other

    

Consolidated

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

$

8,487

​

$

1,450

​

$

5,412

​

$

15,349

2021

​

​

7,284

​

​

1,458

​

​

5,069

​

​

13,811

2020

​

​

6,317

​

​

1,295

​

​

4,169

​

​

11,781

​

(a)Revenue is attributed based on origin of sale and includes intercompany eliminations.

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

($ in millions)

    

U.S.

    

Brazil

​

U.K.

    

Other

    

Consolidated

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2022

​

$

4,316

​

$

1,193

​

$

729

​

$

2,530

​

$

8,768

As of December 31, 2021

​

​

4,024

​

​

1,035

​

​

857

​

​

2,509

​

​

8,425

(a)Long-lived assets exclude goodwill and intangible assets.
Summary of business by segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Years Ended December 31,

($ in millions)

    

​

2022

    

2021

    

2020

​

​

​

​

​

​

​

​

​

​

​

Net sales

​

​

​

​

​

​

​

​

​

​

Beverage packaging, North and Central America

​

​

$

6,696

​

$

5,856

​

$

5,076

Beverage packaging, EMEA

​

​

​

3,854

​

​

3,509

​

​

2,945

Beverage packaging, South America

​

​

​

2,108

​

​

2,016

​

​

1,695

Aerospace

​

​

​

1,977

​

​

1,911

​

​

1,741

Reportable segment sales

​

​

​

14,635

​

​

13,292

​

​

11,457

Other

​

​

​

714

​

​

519

​

​

324

Net sales

​

​

$

15,349

​

$

13,811

​

$

11,781

​

​

​

​

​

​

​

​

​

​

​

Comparable operating earnings

​

​

​

​

​

​

​

​

​

​

Beverage packaging, North and Central America

​

​

$

642

​

$

681

​

$

683

Beverage packaging, EMEA

​

​

​

358

​

​

452

​

​

354

Beverage packaging, South America

​

​

​

275

​

​

348

​

​

280

Aerospace

​

​

​

170

​

​

169

​

​

153

Reportable segment comparable operating earnings

​

​

​

1,445

​

​

1,650

​

​

1,470

Reconciling items

​

​

​

​

​

​

​

​

​

​

Other (a)

​

​

​

(25)

​

​

(65)

​

​

(55)

Business consolidation and other activities

​

​

​

(71)

​

​

(142)

​

​

(262)

Amortization of acquired intangibles

​

​

​

(135)

​

​

(152)

​

​

(150)

Earnings before interest and taxes

​

​

​

1,214

​

​

1,291

​

​

1,003

Interest expense

​

​

​

(312)

​

​

(270)

​

​

(275)

Debt refinancing and other costs

​

​

​

(18)

​

​

(13)

​

​

(41)

Total interest expense

​

​

​

(330)

​

​

(283)

​

​

(316)

Earnings before taxes

​

​

$

884

​

$

1,008

​

$

687

​

(a)Includes undistributed corporate expenses, net, of $82 million, $72 million and $58 million for the years ended December 2022, 2021 and 2020, respectively.

​

​

​

​

​

​

​

​

​

​

​

​

​

Years Ended December 31,

($ in millions)

    

2022

    

2021

    

2020

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization (a)

​

​

​

​

​

​

​

​

​

Beverage packaging, North and Central America

​

$

219

​

$

200

​

$

184

Beverage packaging, EMEA

​

​

185

​

​

223

​

​

230

Beverage packaging, South America

​

​

143

​

​

141

​

​

142

Aerospace

​

​

78

​

​

65

​

​

53

Reportable segment depreciation and amortization

​

​

625

​

​

629

​

​

609

Other

​

​

47

​

​

71

​

​

59

Depreciation and amortization

​

$

672

​

$

700

​

$

668

​

​

​

​

​

​

​

​

​

​

Capital expenditures

​

​

​

​

​

​

​

​

​

Beverage packaging, North and Central America

​

$

621

​

$

697

​

$

367

Beverage packaging, EMEA

​

​

458

​

​

305

​

​

262

Beverage packaging, South America

​

​

267

​

​

334

​

​

159

Aerospace

​

​

142

​

​

198

​

​

174

Reportable segment capital expenditures

​

​

1,488

​

​

1,534

​

​

962

Other

​

​

163

​

​

192

​

​

151

Capital expenditures

​

$

1,651

​

$

1,726

​

$

1,113

(a)Includes amortization of acquired Rexam intangibles.