Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Business Segment Information

Summary of business by segment

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Net sales
Beverage packaging, North and Central America	$	1,456	$	1,541	$	4,328	$	4,582
Beverage packaging, EMEA		950		902		2,640		2,656
Beverage packaging, South America		484		489		1,388		1,344
Reportable segment sales		2,890		2,932		8,356		8,582
Other		192		179		559		577
Net sales	$	3,082	$	3,111	$	8,915	$	9,159
Comparable segment operating earnings
Beverage packaging, North and Central America	$	203	$	196	$	605	$	554
Beverage packaging, EMEA		128		103		326		274
Beverage packaging, South America		78		61		170		141
Reportable segment comparable operating earnings		409		360		1,101		969
Reconciling items
Other (a)		4		—		(66)		7
Business consolidation and other activities		(85)		(29)		(171)		(43)
Amortization of acquired intangibles		(34)		(34)		(105)		(102)
Interest expense		(67)		(122)		(228)		(351)
Debt refinancing and other costs		—		—		(3)		—
Earnings before taxes	$	227	$	175	$	528	$	480

(a) Includes undistributed corporate expenses, net, of $32 million and $18 million for the three months ended September 30, 2024 and 2023, respectively, and $149 million and $60 million for the nine months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024, undistributed corporate expenses, net, includes $82 million of incremental compensation cost from the successful sale of the aerospace business consisting of cash bonuses and stock based compensation. For the three and nine months ended September 30, 2024, undistributed corporate expenses, net, include $7 million and $36 million of corporate interest income, respectively.