Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Reportable Operating Segment Information

Reportable segment information was as follows:

	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended September 30, 2023
Net sales	$	559,081	$	1,094,609	$	149,411	$	—	$	1,803,101
Adjusted EBIT	93,786		113,519		11,839		(4,711)		214,433
Depreciation	25,691		18,177		8,089		8		51,965
Three Months Ended September 30, 2022
Net sales	$	575,530	$	1,212,034	$	182,881	$	—	$	1,970,445
Adjusted EBIT	88,305		117,612		22,791		(5,282)		223,426
Depreciation	24,541		17,509		8,752		39		50,841
Nine Months Ended September 30, 2023
Net sales	$	1,699,109	$	2,475,569	$	473,431	$	—	$	4,648,109
Adjusted EBIT	253,604		241,659		50,317		(20,945)		524,635
Depreciation	76,206		54,693		25,923		66		156,888
Nine Months Ended September 30, 2022
Net sales	$	1,775,888	$	2,617,156	$	563,068	$	—	$	4,956,112
Adjusted EBIT	285,173		214,002		75,606		(17,283)		557,498
Depreciation	74,010		57,798		26,291		120		158,219

Reconciliation of Adjusted EBIT to Income before Income Taxes

Total adjusted EBIT is reconciled to income before income taxes as follows:

	Three Months Ended				Nine Months Ended
	Sept. 30, 2023		Sept. 30, 2022		Sept. 30, 2023		Sept. 30, 2022
	(Dollars in thousands)
Total adjusted EBIT	$	214,433	$	223,426	$	524,635	$	557,498
Less:
Acquired intangible asset amortization expense	13,309		12,946		39,834		39,564
Other pension expense (income) for U.S. pension plans	609		(11,656)		2,277		(35,621)
Rationalization charges	6,424		2,726		13,212		7,533
European Commission settlement	—		—		—		25,203
Income before interest and income taxes	194,091		219,410		469,312		520,819
Less interest and other debt expense	47,264		33,743		130,822		93,233
Income before income taxes	$	146,827	$	185,667	$	338,490	$	427,586