REVENUE

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

    The following tables present our revenues disaggregated by reportable 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 segment were as follows:

	2023		2022		2021
	(Dollars in thousands)
Dispensing and Specialty Closures	$	2,221,430	$	2,316,690	$	2,160,484
Metal Containers	3,140,830		3,371,776		2,808,065
Custom Containers	625,945		723,033		708,556
	$	5,988,205	$	6,411,499	$	5,677,105

Revenues by geography were as follows:

	2023		2022		2021
	(Dollars in thousands)
North America	$	4,582,356	$	4,958,103	$	4,341,364
Europe and other	1,405,849		1,453,396		1,335,741
	$	5,988,205	$	6,411,499	$	5,677,105

    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 Consolidated Balance Sheets. 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 $100.0 million and $110.2 million as of December 31, 2023 and 2022, respectively. Unbilled receivables are included in trade accounts receivable, net on our Consolidated Balance Sheets.