Business Consolidation and Other Activities

3 Months Ended

Mar. 31, 2021

Business Consolidation and Other Activities

Business Consolidation and Other Activities

6.     Business Consolidation and Other Activities

The following is a summary of business consolidation and other activity (charges)/income included in the unaudited condensed consolidated statements of earnings:

	Three Months Ended March 31,
($ in millions)	2021		2020
Beverage packaging, North and Central America	$	1	$	(3)
Beverage packaging, EMEA		(2)		(3)
Beverage packaging, South America		(1)		(1)
Other		(5)		(108)
	$	(7)	$	(115)

2021

Beverage Packaging, North and Central America

During the three months ended March 31, 2021, the company recorded credits of $1 million for individually insignificant activities in connection with previously announced closures of certain plants and other activities.

Beverage Packaging, EMEA

During the three months ended March 31, 2021, the company recorded charges of $2 million for individually insignificant activities in connection with previously announced plant closures, restructuring and other activities.

Beverage Packaging, South America

During the three months ended March 31, 2021, the company recorded charges of $1 million for individually insignificant activities.

Other

During the three months ended March 31, 2021, the company recorded charges of $5 million for individually insignificant activities.

2020

Beverage Packaging, North and Central America

During the three months ended March 31, 2020, the company recorded charges of $3 million for individually insignificant activities in connection with previously announced closures of certain beverage can and end manufacturing facilities and other activities.

Beverage Packaging, EMEA

During the three months ended March 31, 2020, the company recorded charges of $3 million for individually insignificant activities in connection with previously announced plant closures, restructuring and other activities.

Beverage Packaging, South America

During the three months ended March 31, 2020, the company recorded charges of $1 million for individually insignificant activities.

Other

During the three months ended March 31, 2020, the company recorded the following amounts:

● A non-cash impairment charge of $62 million related to the goodwill of the beverage packaging, other, operating segment.

● A non-cash charge of $23 million resulting from the deterioration of China’s real estate market in 2020, which led the company to reduce the value of potential future consideration due as part of the 2019 sale of its China beverage packaging business.

● Charges of $15 million resulting from an adjustment to the selling price of the company’s former steel food and aerosol business.

● A credit of $11 million related to the reversal of reserves against working capital recorded in 2019 in the beverage packaging, other, segment, as previously at-risk balances were subsequently collected.

● Charges of $6 million for long-term incentive and other compensation arrangements associated with the 2016 Rexam acquisition.

● Charges of $13 million for individually insignificant activities.