Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Business Segment Information

Summary of business by segment

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2022		2021		2022		2021
Net sales
Beverage packaging, North and Central America	$	1,775	$	1,524	$	3,384	$	2,820
Beverage packaging, EMEA		1,133		906		2,075		1,702
Beverage packaging, South America		534		452		1,028		939
Aerospace		490		459		994		883
Reportable segment sales		3,932		3,341		7,481		6,344
Other		202		118		369		240
Net sales	$	4,134	$	3,459	$	7,850	$	6,584
Comparable operating earnings
Beverage packaging, North and Central America	$	164	$	193	$	338	$	333
Beverage packaging, EMEA		129		124		229		224
Beverage packaging, South America		52		78		130		171
Aerospace		36		34		79		69
Reportable segment comparable operating earnings		381		429		776		797
Reconciling items
Other (a)		11		(30)		(18)		(53)
Business consolidation and other activities		(467)		12		(186)		5
Amortization of acquired intangibles		(32)		(38)		(69)		(76)
Earnings (loss) before interest and taxes		(107)		373		503		673
Interest expense		(68)		(66)		(137)		(133)
Debt refinancing and other costs		(2)		—		(2)		—
Total interest expense		(70)		(66)		(139)		(133)
Earnings (loss) before taxes	$	(177)	$	307	$	364	$	540

(a) Includes undistributed corporate expenses, net, of $15 million and $28 million for the three months ended June 30, 2022 and 2021, respectively, and $48 million and $54 million for the six months ended June 30, 2022 and 2021, respectively.