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Segments (Tables)
9 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Information About Reportable Segments The following table presents information about reportable segments:
Three Months Ended March 31, Nine Months Ended March 31,
($ in millions)2024202320242023
Flexibles$2,598 $2,787 $7,646 $8,378 
Rigid Packaging813 880 2,459 2,643 
Other— — — — 
Net sales$3,411 $3,667 $10,105 $11,021 
Adjusted earnings before interest and taxes ("Adjusted EBIT")
Flexibles$358 $337 $992 $1,043 
Rigid Packaging71 69 184 192 
Other(32)(24)(70)(62)
Adjusted EBIT397 382 1,106 1,173 
Less: Amortization of acquired intangible assets from business combinations (1)(43)(40)(126)(120)
Less: Impact of hyperinflation (2)(4)(6)(55)(19)
Add/(Less): Restructuring and other related activities, net (3)(30)(48)(82)156 
Less: CEO transition costs (4)(8)— (8)— 
Less: Other (5)(4)(4)(17)(2)
Interest income10 15 31 35 
Interest expense(89)(86)(263)(224)
Equity in loss of affiliated companies, net of tax— — 
Income before income taxes and equity in loss of affiliated companies$230 $213 $589 $999 

(1)Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from past acquisitions.
(2)Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso.
(3)Restructuring and other related activities, net primarily includes costs incurred in connection with the 2023 Restructuring Plan in fiscal year 2024. Fiscal year 2023 includes a pre-tax net gain on sale of the Russian business of $215 million in the nine months ended March 31, 2023 (refer to Note 3, "Restructuring and Other Related Activities, Net"), and incremental costs and restructuring incurred in connection with the conflict in the three and nine months ended March 31, 2023.
(4)CEO transition costs primarily reflect accelerated compensation, including share-based compensation, granted to the Company's former Chief Executive Officer and other transition related expenses.
(5)Other includes various expense and income items relating to acquisitions, retroactive foil duties, certain litigation reserve settlements, and fair value movements on economic hedges.
Schedule of Disaggregation of Revenue by Segments
The following tables disaggregate net sales by geography in which the Company operates based on manufacturing or selling operations:

Three Months Ended March 31,
20242023
($ in millions)FlexiblesRigid PackagingTotalFlexiblesRigid PackagingTotal
North America$1,051 $627 $1,678 $1,129 $688 $1,817 
Latin America277 186 463 271 192 463 
Europe883 — 883 985 — 985 
Asia Pacific387 — 387 402 — 402 
Net sales$2,598 $813 $3,411 $2,787 $880 $3,667 
Nine Months Ended March 31,
20242023
($ in millions)FlexiblesRigid PackagingTotalFlexiblesRigid PackagingTotal
North America$3,026 $1,852 $4,878 $3,327 $2,037 $5,364 
Latin America826 607 1,433 825 606 1,431 
Europe2,605 — 2,605 2,970 — 2,970 
Asia Pacific1,189 — 1,189 1,256 — 1,256 
Net sales$7,646 $2,459 $10,105 $8,378 $2,643 $11,021