Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Business Segment Information

Summary of business by segment

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2022		2021		2022		2021
Net sales
Beverage packaging, North and Central America	$	1,800	$	1,519	$	5,184	$	4,339
Beverage packaging, EMEA		1,031		937		3,106		2,639
Beverage packaging, South America		466		462		1,494		1,401
Aerospace		477		498		1,471		1,381
Reportable segment sales		3,774		3,416		11,255		9,760
Other		177		137		546		377
Net sales	$	3,951	$	3,553	$	11,801	$	10,137
Comparable operating earnings
Beverage packaging, North and Central America	$	205	$	186	$	543	$	519
Beverage packaging, EMEA		82		125		311		349
Beverage packaging, South America		67		74		197		245
Aerospace		47		46		126		115
Reportable segment comparable operating earnings		401		431		1,177		1,228
Reconciling items
Other (a)		(8)		(14)		(26)		(67)
Business consolidation and other activities		163		(141)		(23)		(136)
Amortization of acquired intangibles		(33)		(38)		(102)		(114)
Earnings before interest and taxes		523		238		1,026		911
Interest expense		(79)		(68)		(216)		(201)
Debt refinancing and other costs		—		(1)		(2)		(1)
Total interest expense		(79)		(69)		(218)		(202)
Earnings before taxes	$	444	$	169	$	808	$	709

(a) Includes undistributed corporate expenses, net, of $25 million and $17 million for the three months ended September 30, 2022 and 2021, respectively, and $73 million and $71 million for the nine months ended September 30, 2022 and 2021, respectively.