Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Business Segment Information

Schedule of major customers

	2021		2020		2019
U.S. Government	13	%	14	%	13	%
Anheuser-Busch InBev and affiliates	12	%	13	%	12	%
Coca-Cola Bottlers' Sales & Services Company LLC and affiliates	10	%	9	%	9	%

Summary of net sales and long lived assets by geographic area

($ in millions)	U.S.		Brazil		Other		Consolidated
2021	$	7,284	$	1,458	$	5,069	$	13,811
2020		6,317		1,295		4,169		11,781
2019		5,747		1,351		4,376		11,474

(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, 2021	$	4,024	$	1,035	$	857	$	2,509	$	8,425
As of December 31, 2020		2,819		839		766		2,786		7,210

(a) Long-lived assets exclude goodwill and intangible assets.

Summary of business by segment

	Years Ended December 31,
($ in millions)	2021		2020		2019
Net sales
Beverage packaging, North and Central America	$	5,856	$	5,076	$	4,758
Beverage packaging, EMEA		3,509		2,945		2,857
Beverage packaging, South America		2,016		1,695		1,670
Aerospace		1,911		1,741		1,479
Reportable segment sales		13,292		11,457		10,764
Other		519		324		710
Net sales	$	13,811	$	11,781	$	11,474
Comparable operating earnings
Beverage packaging, North and Central America	$	681	$	683	$	555
Beverage packaging, EMEA		452		354		351
Beverage packaging, South America		348		280		288
Aerospace		169		153		140
Reportable segment comparable operating earnings		1,650		1,470		1,334
Reconciling items
Other (a)		(65)		(55)		(3)
Business consolidation and other activities		(142)		(262)		(244)
Amortization of acquired intangibles		(152)		(150)		(155)
Earnings before interest and taxes		1,291		1,003		932
Interest expense		(270)		(275)		(317)
Debt refinancing and other costs		(13)		(41)		(7)
Total interest expense		(283)		(316)		(324)
Earnings before taxes	$	1,008	$	687	$	608

(a) Includes undistributed corporate expenses, net, of $72 million, $58 million and $50 million for the years ended December 2021, 2020 and 2019, respectively.

	Years Ended December 31,
($ in millions)	2021		2020		2019
Depreciation and amortization (a)
Beverage packaging, North and Central America	$	200	$	184	$	190
Beverage packaging, EMEA		223		230		246
Beverage packaging, South America		141		142		136
Aerospace		65		53		43
Reportable segment depreciation and amortization		629		609		615
Other		71		59		63
Depreciation and amortization	$	700	$	668	$	678
Capital expenditures
Beverage packaging, North and Central America	$	697	$	367	$	139
Beverage packaging, EMEA		305		262		147
Beverage packaging, South America		334		159		150
Aerospace		198		174		96
Reportable segment capital expenditures		1,534		962		532
Other		192		151		66
Capital expenditures	$	1,726	$	1,113	$	598

(a) Includes amortization of acquired Rexam intangibles.