v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. The Company defines segment income as income from operations adjusted to exclude intangibles amortization charges, provisions for restructuring and other and the impact of fair value adjustments related to inventory acquired in an acquisition. Segment income includes cost of products sold, depreciation and general selling and administrative expenses. Segment income should not be considered in isolation or as a substitute for net income prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies.     

The tables below present information about the Company's operating segments.

Three Months Ended June 30, 2026
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$1,699 $— $36 $19 $265 
European Beverage735 — 16 80 107 
Asia Pacific331 — 10 4 53 
Transit Packaging537 5 11 6 68 
Total reportable segments3,302 5 73 109 $493 
Other366 33 7 7 
Corporate and unallocated items— — 1 — 
Total$3,668 $38 $81 $116 
Three Months Ended June 30, 2025
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$1,405 $— $33 $18 $268 
European Beverage635 — 15 22 97 
Asia Pacific256 — 11 4 50 
Transit Packaging526 4 10 7 72 
Total reportable segments2,822 4 69 51 $487 
Other327 15 6 3 
Corporate and unallocated items— — 1 2 
Total$3,149 $19 $76 $56 
Six Months Ended June 30, 2026
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$3,229 $— $71 $43 $475 
European Beverage1,323 — 32 128 193 
Asia Pacific634 — 20 7 105 
Transit Packaging1,033 10 22 13 121 
Total reportable segments6,219 10 145 191 $894 
Other708 63 14 11 
Corporate and unallocated items— — 2 1 
Total$6,927 $73 $161 $203 

Six Months Ended June 30, 2025
ExternalIntersegmentCapitalSegment
salessalesDepreciationexpendituresincome
Americas Beverage$2,725 $— $64 $27 $504 
European Beverage1,147 — 29 38 164 
Asia Pacific535 — 22 4 97 
Transit Packaging1,008 8 21 15 132 
Total reportable segments5,415 8 136 84 $897 
Other621 32 13 3 
Corporate and unallocated items— — 2 2 
Total$6,036 $40 $151 $89 

The Company does not disclose total assets by segment as it is not provided to the chief operating decision maker.

The primary sources of revenue included in Other are the Company's North America tinplate businesses: food can, aerosol can, and closures, and beverage tooling and equipment operations in the U.S. and U.K.

Corporate and unallocated items include corporate and administrative costs, research and development, and unallocated items such as stock-based compensation and insurance costs.

Intersegment sales primarily include equipment and parts used in the manufacturing process.

A reconciliation of segment income of reportable segments to income before income taxes is as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
 2026202520262025
Segment income of reportable segments$493 $487 $894 $897 
Segment income of other52 35 99 64 
Corporate and unallocated items(44)(46)(87)(87)
Restructuring and other, net(2)(47)(4)(45)
Amortization of intangibles(35)(38)(73)(73)
Loss from early extinguishments of debt— (1)(3)(1)
Other pension and postretirement(5)1 (10)(4)
Interest expense(105)(103)(202)(202)
Interest income14 14 26 27 
Foreign exchange(3)(9)— (11)
Income from operations before taxes and equity in net earnings of affiliates$365 $293 $640 $565