Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Business Segment Information

Summary of business by segment

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2024		2023		2024		2023
Net sales
Beverage packaging, North and Central America	$	1,469	$	1,537	$	2,872	$	3,041
Beverage packaging, EMEA		880		920		1,690		1,754
Beverage packaging, South America		422		405		904		855
Reportable segment sales		2,771		2,862		5,466		5,650
Other		188		205		367		398
Net sales	$	2,959	$	3,067	$	5,833	$	6,048
Comparable segment operating earnings
Beverage packaging, North and Central America	$	210	$	175	$	402	$	358
Beverage packaging, EMEA		113		98		198		171
Beverage packaging, South America		37		30		92		80
Reportable segment comparable operating earnings		360		303		692		609
Reconciling items
Other (a)		2		(8)		(70)		7
Business consolidation and other activities		(60)		6		(86)		(14)
Amortization of acquired intangibles		(33)		(34)		(71)		(68)
Interest expense		(68)		(116)		(161)		(229)
Debt refinancing and other costs		(1)		—		(3)		—
Earnings before taxes	$	200	$	151	$	301	$	305

(a) Includes undistributed corporate expenses, net, of $21 million and $32 million for the three months ended June 30, 2024 and 2023, respectively, and $117 million and $42 million for the six months ended June 30, 2024 and 2023, respectively. For the three and six months ended June 30, 2024, undistributed corporate expenses, net, include $3 million and $82 million of incremental compensation cost from the successful sale of the aerospace business consisting of cash bonuses and stock based compensation, respectively. For the three and six months ended June 30, 2024, undistributed corporate expenses, net, also include $12 million and $29 million of corporate interest income, respectively.