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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Business Segment Information  
Summary of business by segment

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

($ in millions)

    

2019

    

2018

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

1,131

 

$

1,035

Beverage packaging, South America

 

 

441

 

 

459

Beverage packaging, Europe

 

 

638

 

 

609

Aerospace

 

 

328

 

 

264

Reportable segment sales

 

 

2,538

 

 

2,367

Other

 

 

247

 

 

418

Net sales

 

$

2,785

 

$

2,785

 

 

 

 

 

 

 

Comparable operating earnings

 

 

 

 

 

 

Beverage packaging, North and Central America

 

$

118

 

$

113

Beverage packaging, South America

 

 

68

 

 

98

Beverage packaging, Europe

 

 

64

 

 

60

Aerospace

 

 

30

 

 

25

Reportable segment comparable operating earnings

 

 

280

 

 

296

Reconciling items

 

 

 

 

 

 

Other (a)

 

 

(5)

 

 

 4

Business consolidation and other activities

 

 

(14)

 

 

(30)

Amortization of acquired Rexam intangibles

 

 

(40)

 

 

(44)

Earnings before interest and taxes

 

 

221

 

 

226

Interest expense

 

 

(77)

 

 

(73)

Debt refinancing and other costs

 

 

(4)

 

 

(1)

Total interest expense

 

 

(81)

 

 

(74)

Earnings before taxes

 

$

140

 

$

152


(a)

Includes undistributed corporate expenses, net, of $23 million and $22 million for the three months ended March 31,  2019 and 2018, respectively.