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The Company made purchases of approximately $ 121 million and $ 126 million from equity affiliates in 2024 and 2023, respectively, and owed approximately $ 77 million and $ 81 million to equity affiliates as of December 31, 2024 and 2023, respectively. | text | 77 | monetaryItemType | text: <entity> 77 </entity> <entity type> monetaryItemType </entity type> <context> The Company made purchases of approximately $ 121 million and $ 126 million from equity affiliates in 2024 and 2023, respectively, and owed approximately $ 77 million and $ 81 million to equity affiliates as of December 31, 2024 and 2023, respectively. </context> | us-gaap:OtherLiabilities |
The Company made purchases of approximately $ 121 million and $ 126 million from equity affiliates in 2024 and 2023, respectively, and owed approximately $ 77 million and $ 81 million to equity affiliates as of December 31, 2024 and 2023, respectively. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> The Company made purchases of approximately $ 121 million and $ 126 million from equity affiliates in 2024 and 2023, respectively, and owed approximately $ 77 million and $ 81 million to equity affiliates as of December 31, 2024 and 2023, respectively. </context> | us-gaap:OtherLiabilities |
During the fourth quarter of 2023, the Company completed its annual impairment testing and determined that the goodwill balance on its North America reporting unit was fully impaired. The primary driver of this impairment was management’s update to its long-range plan, which indicated lower estimated future cash flows for its North America reporting unit (in the Americas segment) as compared to the projections used in the prior goodwill impairment test performed as of October 1, 2022. The Company’s business in North America has experienced declining shipments to its alcoholic beverage customers, especially in the second half of 2023, and this trend was likely to continue for the foreseeable future. As a result, the Company recorded a non-cash impairment charge of $ 445 million in the fourth quarter of 2023, which was equal to the remaining goodwill balance on its North America reporting unit. Goodwill related to the Company’s other reporting units was determined to not be impaired as a result of the 2023 impairment test. | text | 445 | monetaryItemType | text: <entity> 445 </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2023, the Company completed its annual impairment testing and determined that the goodwill balance on its North America reporting unit was fully impaired. The primary driver of this impairment was management’s update to its long-range plan, which indicated lower estimated future cash flows for its North America reporting unit (in the Americas segment) as compared to the projections used in the prior goodwill impairment test performed as of October 1, 2022. The Company’s business in North America has experienced declining shipments to its alcoholic beverage customers, especially in the second half of 2023, and this trend was likely to continue for the foreseeable future. As a result, the Company recorded a non-cash impairment charge of $ 445 million in the fourth quarter of 2023, which was equal to the remaining goodwill balance on its North America reporting unit. Goodwill related to the Company’s other reporting units was determined to not be impaired as a result of the 2023 impairment test. </context> | us-gaap:GoodwillImpairmentLoss |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 198 | monetaryItemType | text: <entity> 198 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 254 | monetaryItemType | text: <entity> 254 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsNet |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 345 | monetaryItemType | text: <entity> 345 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 316 | monetaryItemType | text: <entity> 316 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:AmortizationOfIntangibleAssets |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:AmortizationOfIntangibleAssets |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:AmortizationOfIntangibleAssets |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . | text | No | monetaryItemType | text: <entity> No </entity> <entity type> monetaryItemType </entity type> <context> Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $ 198 million and $ 254 million, which included accumulated amortization of $ 345 million and $ 316 million, for the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets was $ 29 million, $ 32 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated amortization related to intangible assets through 2029 is as follows: 2025, $ 24 million; 2026, $ 22 million; 2027, $ 20 million; 2028, $ 19 million and 2029, $ 18 million. No impairment existed on these assets at December 31, 2024 . </context> | us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $ 7 million, $ 9 million and $ 10 million for 2024, 2023 and 2022, respectively. Estimated amortization related to capitalized software through 2029 is as follows: 2025, $ 7 million; 2026, $ 7 million; 2027, $ 6 million; 2028, $ 6 million and 2029, $ 5 million. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive |
The Company has fixed and variable interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $ 12 million and $ 2 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at December 31, 202 4 and December 31, 2023 , respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The Company has fixed and variable interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $ 12 million and $ 2 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at December 31, 202 4 and December 31, 2023 , respectively. </context> | us-gaap:DerivativeExcludedComponentGainLossRecognizedInEarnings |
The Company has fixed and variable interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $ 12 million and $ 2 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at December 31, 202 4 and December 31, 2023 , respectively. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The Company has fixed and variable interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $ 12 million and $ 2 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at December 31, 202 4 and December 31, 2023 , respectively. </context> | us-gaap:DerivativeExcludedComponentGainLossRecognizedInEarnings |
In 2023, the Company terminated interest rate swaps with a notional amount of € 725 million as a result of debt refinancing activity. This resulted in a cash outflow of approximately $ 40 million in the financing activities section of the Consolidated Cash Flows. | text | 725 | monetaryItemType | text: <entity> 725 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, the Company terminated interest rate swaps with a notional amount of € 725 million as a result of debt refinancing activity. This resulted in a cash outflow of approximately $ 40 million in the financing activities section of the Consolidated Cash Flows. </context> | us-gaap:DerivativeNotionalAmount |
In 2023, the Company terminated interest rate swaps with a notional amount of € 725 million as a result of debt refinancing activity. This resulted in a cash outflow of approximately $ 40 million in the financing activities section of the Consolidated Cash Flows. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, the Company terminated interest rate swaps with a notional amount of € 725 million as a result of debt refinancing activity. This resulted in a cash outflow of approximately $ 40 million in the financing activities section of the Consolidated Cash Flows. </context> | us-gaap:PaymentsForDerivativeInstrumentFinancingActivities |
In 2024, the Company paid approximately $ 29 million to settle related hedges and recognized these payments in the cash flows from investing activities section of the Consolidated Cash Flows. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, the Company paid approximately $ 29 million to settle related hedges and recognized these payments in the cash flows from investing activities section of the Consolidated Cash Flows. </context> | us-gaap:PaymentsForDerivativeInstrumentInvestingActivities |
For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. | text | 97 | monetaryItemType | text: <entity> 97 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. </context> | us-gaap:RestructuringCostsAndAssetImpairmentCharges |
For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. | text | 89 | monetaryItemType | text: <entity> 89 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. </context> | us-gaap:RestructuringCostsAndAssetImpairmentCharges |
For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. </context> | us-gaap:RestructuringCostsAndAssetImpairmentCharges |
For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $ 97 million to Other income (expense), net in the Consolidated Results of Operations. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($ 89 million), Europe segment ($ 6 million) and Retained corporate costs and other ($ 2 million). These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. </context> | us-gaap:RestructuringCostsAndAssetImpairmentCharges |
The Company recognizes the funded status of each pension benefit plan on the Consolidated Balance Sheet. The funded status of each plan is measured as the difference between the fair value of plan assets and actuarially calculated benefit obligations as of the balance sheet date. Actuarial gains and losses are primarily related to changes in asset performance and in discount rates, and are accumulated in Accumulated Other Comprehensive Loss. The portion of accumulated actuarial gains and losses of each plan that exceeds 10 % of the greater of that | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Company recognizes the funded status of each pension benefit plan on the Consolidated Balance Sheet. The funded status of each plan is measured as the difference between the fair value of plan assets and actuarially calculated benefit obligations as of the balance sheet date. Actuarial gains and losses are primarily related to changes in asset performance and in discount rates, and are accumulated in Accumulated Other Comprehensive Loss. The portion of accumulated actuarial gains and losses of each plan that exceeds 10 % of the greater of that </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> In addition to the above net pension expense, in 2024, 2023, and 2022, the Company also settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $ 5 million, $ 6 million, and $ 20 million, respectively. In 2023, the Company also recorded a curtailment charge of $ 13 million primarily related to the reduction of workforce in Mexico. In 2022, settlement charges related to lump sum payments directly to plan participants. </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments |
The accumulated benefit obligation for all defined benefit pension plans was $ 1,379 million and $ 1,556 million at December 31, 2024 and 2023, respectively. | text | 1379 | monetaryItemType | text: <entity> 1379 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 1,379 million and $ 1,556 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation for all defined benefit pension plans was $ 1,379 million and $ 1,556 million at December 31, 2024 and 2023, respectively. | text | 1556 | monetaryItemType | text: <entity> 1556 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 1,379 million and $ 1,556 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
For 2024, the Company’s weighted average expected long-term rate of return on assets was 5.75 % for the U.S. plans and 5.14 % for the non-U.S. plans. In developing this assumption, the Company considered the Plans’ asset mix and long-term average returns and evaluated input from its third-party pension plan asset consultants, including their review of asset class return expectations. | text | 5.75 | percentItemType | text: <entity> 5.75 </entity> <entity type> percentItemType </entity type> <context> For 2024, the Company’s weighted average expected long-term rate of return on assets was 5.75 % for the U.S. plans and 5.14 % for the non-U.S. plans. In developing this assumption, the Company considered the Plans’ asset mix and long-term average returns and evaluated input from its third-party pension plan asset consultants, including their review of asset class return expectations. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
For 2024, the Company’s weighted average expected long-term rate of return on assets was 5.75 % for the U.S. plans and 5.14 % for the non-U.S. plans. In developing this assumption, the Company considered the Plans’ asset mix and long-term average returns and evaluated input from its third-party pension plan asset consultants, including their review of asset class return expectations. | text | 5.14 | percentItemType | text: <entity> 5.14 </entity> <entity type> percentItemType </entity type> <context> For 2024, the Company’s weighted average expected long-term rate of return on assets was 5.75 % for the U.S. plans and 5.14 % for the non-U.S. plans. In developing this assumption, the Company considered the Plans’ asset mix and long-term average returns and evaluated input from its third-party pension plan asset consultants, including their review of asset class return expectations. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. | text | 794 | monetaryItemType | text: <entity> 794 </entity> <entity type> monetaryItemType </entity type> <context> The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. | text | 837 | monetaryItemType | text: <entity> 837 </entity> <entity type> monetaryItemType </entity type> <context> The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. | text | 32 | percentItemType | text: <entity> 32 </entity> <entity type> percentItemType </entity type> <context> The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. | text | 66 | percentItemType | text: <entity> 66 </entity> <entity type> percentItemType </entity type> <context> The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. | text | 2 | percentItemType | text: <entity> 2 </entity> <entity type> percentItemType </entity type> <context> The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. U.S. pension plan assets are measured at net asset value in the fair value hierarchy and amounted to $ 794 million and $ 837 million as of December 31, 2024 and 2023, respectively. In 2024, the group trust assets consisted of approximately 32 % equity securities, 66 % debt securities, and 2 % other. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: | text | 94 | percentItemType | text: <entity> 94 </entity> <entity type> percentItemType </entity type> <context> In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: | text | 2 | percentItemType | text: <entity> 2 </entity> <entity type> percentItemType </entity type> <context> In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: | text | 4 | percentItemType | text: <entity> 4 </entity> <entity type> percentItemType </entity type> <context> In 2024, the non-U.S. plan assets consisted of approximately 94 % debt securities, 2 % equity securities and 4 % diversified funds and other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2024 and 2023: </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In order to maintain minimum funding requirements, the Company is required to make contributions to its defined benefit pension plans of approximately $ 17 million in 2025. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> In order to maintain minimum funding requirements, the Company is required to make contributions to its defined benefit pension plans of approximately $ 17 million in 2025. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. | text | 34 | monetaryItemType | text: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $ 34 million in 2024, $ 35 million in 2023, and $ 32 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Other U.S. hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were $ 4 million in 2024, $ 5 million in 2023 and $ 5 million in 2022. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Other U.S. hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were $ 4 million in 2024, $ 5 million in 2023 and $ 5 million in 2022. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Other U.S. hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were $ 4 million in 2024, $ 5 million in 2023 and $ 5 million in 2022. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Other U.S. hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were $ 4 million in 2024, $ 5 million in 2023 and $ 5 million in 2022. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
The deferred tax expense associated with the increase in the valuation allowance of $ 6 million was primarily allocated $ 21 million income from continuing operations due to the primacy of continuing operations, changes in tax law and movements in non-U.S. currencies, and $ 15 million decrease to other comprehensive income. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The deferred tax expense associated with the increase in the valuation allowance of $ 6 million was primarily allocated $ 21 million income from continuing operations due to the primacy of continuing operations, changes in tax law and movements in non-U.S. currencies, and $ 15 million decrease to other comprehensive income. </context> | us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount |
At December 31, 2024, before valuation allowance, the Company had unused foreign tax credits of $ 144 million, including $ 58 million expiring in 2025 through 2033 and $ 86 million that can be carried over indefinitely. Approximately $ 288 million of the deferred tax assets related to operating, capital loss and interest | text | 144 | monetaryItemType | text: <entity> 144 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, before valuation allowance, the Company had unused foreign tax credits of $ 144 million, including $ 58 million expiring in 2025 through 2033 and $ 86 million that can be carried over indefinitely. Approximately $ 288 million of the deferred tax assets related to operating, capital loss and interest </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsForeign |
carryovers can be carried over indefinitely. The remaining operating, capital loss and interest carryforwards of $ 70 million expire between 2025 and 2044. Other credit carryovers include approximately $ 27 million of research tax credits expiring from 2025 to 2043. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> carryovers can be carried over indefinitely. The remaining operating, capital loss and interest carryforwards of $ 70 million expire between 2025 and 2044. Other credit carryovers include approximately $ 27 million of research tax credits expiring from 2025 to 2043. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsResearch |
Based upon the outcome of tax examinations, judicial proceedings, or expiration of statute of limitations, it is reasonably possible that the ultimate resolution of these unrecognized tax benefits may result in a payment that is materially different from the current estimate of the tax liabilities. The Company believes that it is reasonably possible that the estimated liability could decrease up to approximately $ 7 million within the next 12 months . This is primarily the result of anticipated audit settlements or statute expirations in several taxing jurisdictions. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Based upon the outcome of tax examinations, judicial proceedings, or expiration of statute of limitations, it is reasonably possible that the ultimate resolution of these unrecognized tax benefits may result in a payment that is materially different from the current estimate of the tax liabilities. The Company believes that it is reasonably possible that the estimated liability could decrease up to approximately $ 7 million within the next 12 months . This is primarily the result of anticipated audit settlements or statute expirations in several taxing jurisdictions. </context> | us-gaap:SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit |
On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to $ 2.8 billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. The delayed draw term loan facility allowed for a one-time borrowing of up to $ 600 million, the proceeds of which were used, in addition to other consideration paid by the Company and/or its subsidiaries, to fund an asbestos settlement trust (the “Paddock Trust”) established in connection with the confirmed plan of reorganization of Paddock proposed by Paddock, O-I Glass and certain other parties in Paddock’s Chapter 11 case (see Note 15 for more information). On July 18, 2022, the Company drew down the $ 600 million delayed draw term loan to fund, together with other consideration, the Paddock Trust. | text | 2.8 | monetaryItemType | text: <entity> 2.8 </entity> <entity type> monetaryItemType </entity type> <context> On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to $ 2.8 billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. The delayed draw term loan facility allowed for a one-time borrowing of up to $ 600 million, the proceeds of which were used, in addition to other consideration paid by the Company and/or its subsidiaries, to fund an asbestos settlement trust (the “Paddock Trust”) established in connection with the confirmed plan of reorganization of Paddock proposed by Paddock, O-I Glass and certain other parties in Paddock’s Chapter 11 case (see Note 15 for more information). On July 18, 2022, the Company drew down the $ 600 million delayed draw term loan to fund, together with other consideration, the Paddock Trust. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to $ 2.8 billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. The delayed draw term loan facility allowed for a one-time borrowing of up to $ 600 million, the proceeds of which were used, in addition to other consideration paid by the Company and/or its subsidiaries, to fund an asbestos settlement trust (the “Paddock Trust”) established in connection with the confirmed plan of reorganization of Paddock proposed by Paddock, O-I Glass and certain other parties in Paddock’s Chapter 11 case (see Note 15 for more information). On July 18, 2022, the Company drew down the $ 600 million delayed draw term loan to fund, together with other consideration, the Paddock Trust. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to $ 2.8 billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. The delayed draw term loan facility allowed for a one-time borrowing of up to $ 600 million, the proceeds of which were used, in addition to other consideration paid by the Company and/or its subsidiaries, to fund an asbestos settlement trust (the “Paddock Trust”) established in connection with the confirmed plan of reorganization of Paddock proposed by Paddock, O-I Glass and certain other parties in Paddock’s Chapter 11 case (see Note 15 for more information). On July 18, 2022, the Company drew down the $ 600 million delayed draw term loan to fund, together with other consideration, the Paddock Trust. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to $ 500 million of additional borrowings in the form of term loans. The proceeds of such term loans were used, together with cash, to retire the $ 600 million delayed draw term loan. The term loans mature, and the revolving credit facilities terminate, in March 2027. The term loans borrowed under the Credit Agreement Amendment are secured by certain collateral of the Company and certain of its subsidiaries. In addition, the Credit Agreement Amendment makes modifications to certain loan documents, in order to give the Company increased flexibility to incur secured debt in the future. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to $ 500 million of additional borrowings in the form of term loans. The proceeds of such term loans were used, together with cash, to retire the $ 600 million delayed draw term loan. The term loans mature, and the revolving credit facilities terminate, in March 2027. The term loans borrowed under the Credit Agreement Amendment are secured by certain collateral of the Company and certain of its subsidiaries. In addition, the Credit Agreement Amendment makes modifications to certain loan documents, in order to give the Company increased flexibility to incur secured debt in the future. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to $ 500 million of additional borrowings in the form of term loans. The proceeds of such term loans were used, together with cash, to retire the $ 600 million delayed draw term loan. The term loans mature, and the revolving credit facilities terminate, in March 2027. The term loans borrowed under the Credit Agreement Amendment are secured by certain collateral of the Company and certain of its subsidiaries. In addition, the Credit Agreement Amendment makes modifications to certain loan documents, in order to give the Company increased flexibility to incur secured debt in the future. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to $ 500 million of additional borrowings in the form of term loans. The proceeds of such term loans were used, together with cash, to retire the $ 600 million delayed draw term loan. The term loans mature, and the revolving credit facilities terminate, in March 2027. The term loans borrowed under the Credit Agreement Amendment are secured by certain collateral of the Company and certain of its subsidiaries. In addition, the Credit Agreement Amendment makes modifications to certain loan documents, in order to give the Company increased flexibility to incur secured debt in the future. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 950 | monetaryItemType | text: <entity> 950 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 1.45 | monetaryItemType | text: <entity> 1.45 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 1.34 | monetaryItemType | text: <entity> 1.34 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 1.24 | monetaryItemType | text: <entity> 1.24 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . | text | 6.32 | percentItemType | text: <entity> 6.32 </entity> <entity type> percentItemType </entity type> <context> At December 31, 2024, the Credit Agreement includes a $ 300 million revolving credit facility, a $ 950 million multicurrency revolving credit facility and $ 1.45 billion in term loan A facilities ($ 1.34 billion outstanding balance at December 31, 2024, net of debt issuance costs ). At December 31, 2024, the Company had unused credit of $ 1.24 billion available under the revolving credit facilities as part of the Credit Agreement. The weighted average interest rate on borrowings outstanding under the Credit Agreement at December 31, 2024 was 6.32 % . </context> | us-gaap:DebtWeightedAverageInterestRate |
The Total Leverage Ratio (as defined in the Credit Agreement) determines pricing under the Credit Agreement. The interest rate on borrowings under the Credit Agreement is, at the Company’s option, the Base Rate, Term SOFR or, for non-U.S. dollar borrowings only, the Eurocurrency Rate (each as defined in the Credit Agreement), plus an applicable margin. The applicable margin is linked to the Total Leverage Ratio. The margins range from 1.00 % to 2.25 % for Term SOFR loans and Eurocurrency Rate loans and from 0.00 % to | text | 0.00 | percentItemType | text: <entity> 0.00 </entity> <entity type> percentItemType </entity type> <context> The Total Leverage Ratio (as defined in the Credit Agreement) determines pricing under the Credit Agreement. The interest rate on borrowings under the Credit Agreement is, at the Company’s option, the Base Rate, Term SOFR or, for non-U.S. dollar borrowings only, the Eurocurrency Rate (each as defined in the Credit Agreement), plus an applicable margin. The applicable margin is linked to the Total Leverage Ratio. The margins range from 1.00 % to 2.25 % for Term SOFR loans and Eurocurrency Rate loans and from 0.00 % to </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. | text | 1.25 | percentItemType | text: <entity> 1.25 </entity> <entity type> percentItemType </entity type> <context> 1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. | text | 0.20 | percentItemType | text: <entity> 0.20 </entity> <entity type> percentItemType </entity type> <context> 1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. </context> | us-gaap:LineOfCreditFacilityCommitmentFeePercentage |
1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. | text | 0.35 | percentItemType | text: <entity> 0.35 </entity> <entity type> percentItemType </entity type> <context> 1.25 % for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20 % to 0.35 % per annum linked to the Total Leverage Ratio. </context> | us-gaap:LineOfCreditFacilityCommitmentFeePercentage |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 306 | monetaryItemType | text: <entity> 306 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 105 | monetaryItemType | text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 1838 | monetaryItemType | text: <entity> 1838 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 652 | monetaryItemType | text: <entity> 652 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 543 | monetaryItemType | text: <entity> 543 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive |
Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. | text | 1415 | monetaryItemType | text: <entity> 1415 </entity> <entity type> monetaryItemType </entity type> <context> Annual maturities for all of the Company’s long-term debt through 2029 and thereafter are as follows: 2025, $ 306 million; 2026, $ 105 million; 2027, $ 1,838 million; 2028, $ 652 million; 2029, $ 543 million; and 2030 and thereafter, $ 1,415 million. </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive |
Under the confirmed and effective Plan, the Paddock Trust was created pursuant to the provisions of section 524(g) of the Bankruptcy Code and was funded with $ 610 million in total consideration (“Settlement Consideration”). In exchange for the Settlement Consideration, the Company, each of its current and former affiliates and certain other related parties (the “Company Protected Parties”) received the benefit of a release from Paddock, and Paddock and the Company Protected Parties received the benefit of an injunction under section 524(g) of the Bankruptcy Code channeling current and future asbestos-related personal injury claims to the Paddock Trust and permanently enjoining the assertion of asbestos-related personal injury claims against Paddock and the Company Protected Parties. In addition, the Paddock Trust, Paddock and O-I Glass (on behalf of itself and the Company Protected Parties) entered into an agreement through which the Paddock Trust agreed to indemnify the Company Protected Parties against any attempts to evade the channeling injunction or to otherwise bring asbestos-related personal injury claims against any Company Protected Party after the Effective Date. As a result, the Plan provides for a full and final resolution of current and future asbestos-related personal injury claims, a full and final resolution of (and a release in favor of the Company and its affiliates for) all claims arising out of the Corporate Modernization and provides that upon the Effective Date (which occurred on July 8, 2022), all obligations owed under the support agreement would terminate. Consistent with the Plan, the support agreement was deemed rejected as of the Effective Date, and all obligations between the parties to the support agreement were terminated. | text | 610 | monetaryItemType | text: <entity> 610 </entity> <entity type> monetaryItemType </entity type> <context> Under the confirmed and effective Plan, the Paddock Trust was created pursuant to the provisions of section 524(g) of the Bankruptcy Code and was funded with $ 610 million in total consideration (“Settlement Consideration”). In exchange for the Settlement Consideration, the Company, each of its current and former affiliates and certain other related parties (the “Company Protected Parties”) received the benefit of a release from Paddock, and Paddock and the Company Protected Parties received the benefit of an injunction under section 524(g) of the Bankruptcy Code channeling current and future asbestos-related personal injury claims to the Paddock Trust and permanently enjoining the assertion of asbestos-related personal injury claims against Paddock and the Company Protected Parties. In addition, the Paddock Trust, Paddock and O-I Glass (on behalf of itself and the Company Protected Parties) entered into an agreement through which the Paddock Trust agreed to indemnify the Company Protected Parties against any attempts to evade the channeling injunction or to otherwise bring asbestos-related personal injury claims against any Company Protected Party after the Effective Date. As a result, the Plan provides for a full and final resolution of current and future asbestos-related personal injury claims, a full and final resolution of (and a release in favor of the Company and its affiliates for) all claims arising out of the Corporate Modernization and provides that upon the Effective Date (which occurred on July 8, 2022), all obligations owed under the support agreement would terminate. Consistent with the Plan, the support agreement was deemed rejected as of the Effective Date, and all obligations between the parties to the support agreement were terminated. </context> | us-gaap:BankruptcyClaimsAmountPaidToSettleClaims |
Pursuant to the Plan, Paddock issued a promissory note (the “Trust Note”) in the principal amount of $ 8.5 million to the Paddock Trust on the Effective Date, and the Company issued a pledge of the equity interests in reorganized Paddock to the Paddock Trust to secure the Trust Note. On July 18, 2022, the Company funded the Paddock Trust with $ 601.5 million, comprising $ 600 million borrowed under the Credit Agreement and $ 1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $ 8.5 million in cash to the Paddock Trust, and the pledge of equity interests in reorganized Paddock was cancelled. | text | 8.5 | monetaryItemType | text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> Pursuant to the Plan, Paddock issued a promissory note (the “Trust Note”) in the principal amount of $ 8.5 million to the Paddock Trust on the Effective Date, and the Company issued a pledge of the equity interests in reorganized Paddock to the Paddock Trust to secure the Trust Note. On July 18, 2022, the Company funded the Paddock Trust with $ 601.5 million, comprising $ 600 million borrowed under the Credit Agreement and $ 1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $ 8.5 million in cash to the Paddock Trust, and the pledge of equity interests in reorganized Paddock was cancelled. </context> | us-gaap:DebtInstrumentFaceAmount |
Pursuant to the Plan, Paddock issued a promissory note (the “Trust Note”) in the principal amount of $ 8.5 million to the Paddock Trust on the Effective Date, and the Company issued a pledge of the equity interests in reorganized Paddock to the Paddock Trust to secure the Trust Note. On July 18, 2022, the Company funded the Paddock Trust with $ 601.5 million, comprising $ 600 million borrowed under the Credit Agreement and $ 1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $ 8.5 million in cash to the Paddock Trust, and the pledge of equity interests in reorganized Paddock was cancelled. | text | 8.5 | monetaryItemType | text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> Pursuant to the Plan, Paddock issued a promissory note (the “Trust Note”) in the principal amount of $ 8.5 million to the Paddock Trust on the Effective Date, and the Company issued a pledge of the equity interests in reorganized Paddock to the Paddock Trust to secure the Trust Note. On July 18, 2022, the Company funded the Paddock Trust with $ 601.5 million, comprising $ 600 million borrowed under the Credit Agreement and $ 1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $ 8.5 million in cash to the Paddock Trust, and the pledge of equity interests in reorganized Paddock was cancelled. </context> | us-gaap:BankruptcyClaimsAmountPaidToSettleClaims |
As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. </context> | us-gaap:Assets |
As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. </context> | us-gaap:CashAndCashEquivalentsAtCarryingValue |
As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. </context> | us-gaap:Liabilities |
As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. | text | 621 | monetaryItemType | text: <entity> 621 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $ 18 million (including $ 12 million of cash and cash equivalents) and liabilities totaling $ 30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $ 621 million in the Company’s Consolidated Cash Flows during 2022. </context> | us-gaap:NetCashProvidedByUsedInOperatingActivities |
The Company has recorded aggregate accruals of approximately $ 35 million and $ 26 million (undiscounted) as of December 31, 2024 and December 31, 2023, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Company’s accruals and will not have a material effect on its results of operations, financial position and cash flows. Other than related to the site discussed below, any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> The Company has recorded aggregate accruals of approximately $ 35 million and $ 26 million (undiscounted) as of December 31, 2024 and December 31, 2023, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Company’s accruals and will not have a material effect on its results of operations, financial position and cash flows. Other than related to the site discussed below, any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
The Company has recorded aggregate accruals of approximately $ 35 million and $ 26 million (undiscounted) as of December 31, 2024 and December 31, 2023, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Company’s accruals and will not have a material effect on its results of operations, financial position and cash flows. Other than related to the site discussed below, any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> The Company has recorded aggregate accruals of approximately $ 35 million and $ 26 million (undiscounted) as of December 31, 2024 and December 31, 2023, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Company’s accruals and will not have a material effect on its results of operations, financial position and cash flows. Other than related to the site discussed below, any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. | text | 8724261 | sharesItemType | text: <entity> 8724261 </entity> <entity type> sharesItemType </entity type> <context> The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2024, there were 8,724,261 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $ 14 million, $ 43 million and $ 33 million for the years ended December 31, 2024, 2023, and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
Approximately 1,846,000 shares were issued in 2024 with a fair value at issuance date of $ 22 million related to performance vested restricted share units. | text | 1846000 | sharesItemType | text: <entity> 1846000 </entity> <entity type> sharesItemType </entity type> <context> Approximately 1,846,000 shares were issued in 2024 with a fair value at issuance date of $ 22 million related to performance vested restricted share units. </context> | us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross |
As of December 31, 2024, there was $ 17 million of total unrecognized compensation cost related to all restricted shares, restricted share units and performance vested restricted share units. That cost is expected to be recognized over a weighted average period of approximately two years . | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was $ 17 million of total unrecognized compensation cost related to all restricted shares, restricted share units and performance vested restricted share units. That cost is expected to be recognized over a weighted average period of approximately two years . </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. | text | 895697 | sharesItemType | text: <entity> 895697 </entity> <entity type> sharesItemType </entity type> <context> The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. | text | 423477 | sharesItemType | text: <entity> 423477 </entity> <entity type> sharesItemType </entity type> <context> The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. | text | 768032 | sharesItemType | text: <entity> 768032 </entity> <entity type> sharesItemType </entity type> <context> The diluted earnings per share computation for the years ended December 31, 2024, 2023, and 2022 excludes 895,697 , 423,477 and 768,032 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. For the years ended December 31, 2024 and 2023, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
In accordance with ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations,” the Company has agreements with third-party administrators that allow participating vendors to track the Company’s payments and, if voluntarily elected by the vendor, to sell payment obligations from the Company to financial institutions as part of a Supply Chain Financing (“SCF”) Program. The Company's payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. When participating vendors elect to sell one or more of the Company’s payment obligations, the Company’s rights and obligations to settle the payables on their contractual due date are not impacted. The Company has no economic or commercial interest in a vendor’s decision to enter into these agreements, and the financial institutions do not provide the Company with incentives, such as rebates or profit sharing under the SCF Program. The Company agrees on commercial terms with vendors for the goods and services procured, which are consistent with payment terms observed at other peer companies in the industry, and the terms are not impacted by the SCF Program. Such obligations are classified as accounts payable in its Consolidated Balance Sheets. The Company does not provide asset pledges, or other forms of guarantees, as security for the committed payment to the financial institutions. As of December 31, 2024 and December 31, 2023, the Company had approximately $ 82 million and $ 113 million, respectively, of outstanding payment obligations to the financial institutions as part of the SCF Program. | text | 82 | monetaryItemType | text: <entity> 82 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations,” the Company has agreements with third-party administrators that allow participating vendors to track the Company’s payments and, if voluntarily elected by the vendor, to sell payment obligations from the Company to financial institutions as part of a Supply Chain Financing (“SCF”) Program. The Company's payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. When participating vendors elect to sell one or more of the Company’s payment obligations, the Company’s rights and obligations to settle the payables on their contractual due date are not impacted. The Company has no economic or commercial interest in a vendor’s decision to enter into these agreements, and the financial institutions do not provide the Company with incentives, such as rebates or profit sharing under the SCF Program. The Company agrees on commercial terms with vendors for the goods and services procured, which are consistent with payment terms observed at other peer companies in the industry, and the terms are not impacted by the SCF Program. Such obligations are classified as accounts payable in its Consolidated Balance Sheets. The Company does not provide asset pledges, or other forms of guarantees, as security for the committed payment to the financial institutions. As of December 31, 2024 and December 31, 2023, the Company had approximately $ 82 million and $ 113 million, respectively, of outstanding payment obligations to the financial institutions as part of the SCF Program. </context> | us-gaap:SupplierFinanceProgramObligation |
In accordance with ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations,” the Company has agreements with third-party administrators that allow participating vendors to track the Company’s payments and, if voluntarily elected by the vendor, to sell payment obligations from the Company to financial institutions as part of a Supply Chain Financing (“SCF”) Program. The Company's payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. When participating vendors elect to sell one or more of the Company’s payment obligations, the Company’s rights and obligations to settle the payables on their contractual due date are not impacted. The Company has no economic or commercial interest in a vendor’s decision to enter into these agreements, and the financial institutions do not provide the Company with incentives, such as rebates or profit sharing under the SCF Program. The Company agrees on commercial terms with vendors for the goods and services procured, which are consistent with payment terms observed at other peer companies in the industry, and the terms are not impacted by the SCF Program. Such obligations are classified as accounts payable in its Consolidated Balance Sheets. The Company does not provide asset pledges, or other forms of guarantees, as security for the committed payment to the financial institutions. As of December 31, 2024 and December 31, 2023, the Company had approximately $ 82 million and $ 113 million, respectively, of outstanding payment obligations to the financial institutions as part of the SCF Program. | text | 113 | monetaryItemType | text: <entity> 113 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations,” the Company has agreements with third-party administrators that allow participating vendors to track the Company’s payments and, if voluntarily elected by the vendor, to sell payment obligations from the Company to financial institutions as part of a Supply Chain Financing (“SCF”) Program. The Company's payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. When participating vendors elect to sell one or more of the Company’s payment obligations, the Company’s rights and obligations to settle the payables on their contractual due date are not impacted. The Company has no economic or commercial interest in a vendor’s decision to enter into these agreements, and the financial institutions do not provide the Company with incentives, such as rebates or profit sharing under the SCF Program. The Company agrees on commercial terms with vendors for the goods and services procured, which are consistent with payment terms observed at other peer companies in the industry, and the terms are not impacted by the SCF Program. Such obligations are classified as accounts payable in its Consolidated Balance Sheets. The Company does not provide asset pledges, or other forms of guarantees, as security for the committed payment to the financial institutions. As of December 31, 2024 and December 31, 2023, the Company had approximately $ 82 million and $ 113 million, respectively, of outstanding payment obligations to the financial institutions as part of the SCF Program. </context> | us-gaap:SupplierFinanceProgramObligation |
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