Revenue

6 Months Ended

Jun. 30, 2020

Revenue Recognition [Abstract]

Revenue

Revenue

The following tables present our revenues disaggregated by reportable business segment and geography as they best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Revenues by business segment were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(Dollars in thousands)
Metal containers	$	597,191	$	575,618	$	1,105,709	$	1,082,680
Closures	410,468		363,344		767,619		719,543
Plastic containers	168,811		154,201		333,526		318,071
	$	1,176,470	$	1,093,163	$	2,206,854	$	2,120,294

Revenues by geography were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(Dollars in thousands)
North America	$	897,327	$	858,565	$	1,715,000	$	1,669,332
Europe and other	279,143		234,598		491,854		450,962
	$	1,176,470	$	1,093,163	$	2,206,854	$	2,120,294

Our contracts generally include standard commercial payment terms generally acceptable in each region. We do not provide financing with extended payment terms beyond generally standard commercial payment terms for the applicable industry. We have no significant obligations for refunds, warranties or similar obligations. Trade accounts receivable, net are shown separately on our Condensed Consolidated Balance Sheet. Contract assets are the result of the timing of revenue recognition, billings and cash collections. Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $80.4 million, $77.2 million, and $71.1 million as of June 30, 2020 and 2019 and December 31, 2019, respectively. Unbilled receivables are included in trade accounts receivable, net on our Condensed Consolidated Balance Sheet.