Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Business Segment Information

Summary of business by segment

	Three Months Ended March 31,
($ in millions)	2024		2023
Net sales
Beverage packaging, North and Central America	$	1,403	$	1,504
Beverage packaging, EMEA		810		834
Beverage packaging, South America		482		450
Reportable segment sales		2,695		2,788
Other		179		193
Net sales	$	2,874	$	2,981
Comparable operating earnings
Beverage packaging, North and Central America	$	192	$	183
Beverage packaging, EMEA		85		73
Beverage packaging, South America		55		50
Reportable segment comparable operating earnings		332		306
Reconciling items
Other (a)		(72)		15
Business consolidation and other activities		(26)		(20)
Amortization of acquired intangibles		(38)		(34)
Earnings before interest and taxes		196		267
Interest expense		(93)		(113)
Debt refinancing and other costs		(2)		—
Total interest expense		(95)		(113)
Earnings before taxes	$	101	$	154

(a) Includes undistributed corporate expenses, net, of $96 million and $10 million for the three months ended March 31, 2024 and 2023, respectively. For the three months ended March 31, 2024, undistributed corporate expenses, net, includes $79 million of incremental compensation cost from the successful sale of the aerospace business consisting of cash bonuses and stock based compensation. For the three months ended March 31, 2024, undistributed corporate expenses, net, also includes $17 million of corporate interest income.