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.

($ 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.