Crown (CCK) 10-Q 27 Jul 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-50189
Entity Registrant Name	CROWN HOLDINGS, INC.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	75-3099507
Entity Address, Address Line One	770 Township Line Road
Entity Address, City or Town	Yardley
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19067
City Area Code	215
Local Phone Number	698-5100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		134,765,587
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001219601
Current Fiscal Year End Date	--12-31
New York Stock Exchange
Document Information [Line Items]
Title of 12(b) Security	Common Stock $5.00 Par Value
Trading Symbol	CCK
Security Exchange Name	NYSE
7 3/8% Debentures Due 2026 | New York Stock Exchange
Document Information [Line Items]
Title of 12(b) Security	7 3/8% Debentures Due 2026
Trading Symbol	CCK26
Security Exchange Name	NYSE
7 1/2% Debentures Due 2096 | New York Stock Exchange
Document Information [Line Items]
Title of 12(b) Security	7 1/2% Debentures Due 2096
Trading Symbol	CCK96
Security Exchange Name	NYSE

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 2,689	$ 3,035	$ 5,446	$ 5,790
Cost of products sold, excluding depreciation and amortization	2,155	2,417	4,375	4,627
Depreciation and amortization	117	123	239	245
Selling and administrative expense	139	157	301	314
Restructuring and other	3	(45)	10	(41)
Income from operations	275	383	521	645
Loss from early extinguishments of debt	0	0	0	6
Other pension and postretirement	13	29	44	11
Interest expense	76	97	156	195
Interest income	(1)	(4)	(5)	(7)
Foreign exchange	(5)	1	(17)	2
Income before income taxes	192	260	343	438
Provision for income taxes	53	88	91	136
Equity earnings / (loss) in affiliates	2	2	3	3
Net income	141	174	255	305
Net income attributable to noncontrolling interests	(15)	(37)	(41)	(65)
Net income attributable to Crown Holdings	$ 126	$ 137	$ 214	$ 240
Earnings per common share attributable to Crown Holdings:
Basic (in usd per share)	$ 0.95	$ 1.02	$ 1.60	$ 1.79
Diluted (in usd per share)	$ 0.94	$ 1.02	$ 1.59	$ 1.78

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 141	$ 174	$ 255	$ 305
Other comprehensive income / (loss), net of tax:
Foreign currency translation adjustments	22	(9)	(297)	50
Pension and other postretirement benefits	(20)	33	237	47
Derivatives qualifying as hedges	22	(9)	(12)	3
Total other comprehensive income / (loss)	24	15	(72)	100
Total comprehensive income	165	189	183	405
Net income attributable to noncontrolling interests	(15)	(37)	(41)	(65)
Translation adjustments attributable to noncontrolling interests	(2)	0	1	0
Derivatives qualifying as hedges attributable to noncontrolling interests	(1)	0	1	0
Comprehensive income attributable to Crown Holdings	$ 147	$ 152	$ 144	$ 340

Consolidated Balance Sheets (Co

Consolidated Balance Sheets (Condensed) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 366	$ 607
Receivables, net	1,604	1,528
Inventories	1,747	1,626
Prepaid expenses and other current assets	256	241
Total current assets	3,973	4,002
Goodwill	4,302	4,430
Intangible assets, net	1,872	2,015
Property, plant and equipment, net	3,817	3,887
Operating lease right-of-use assets, net	204	204
Other non-current assets	1,097	967
Total	15,265	15,505
Current liabilities
Short-term debt	131	75
Current maturities of long-term debt	72	62
Current portion of operating lease liabilities	54	51
Accounts payable	2,183	2,646
Accrued liabilities	1,007	1,065
Total current liabilities	3,447	3,899
Long-term debt, excluding current maturities	7,999	7,818
Current portion of operating lease liabilities	155	156
Postretirement and pension liabilities	646	683
Other non-current liabilities	797	857
Commitments and contingent liabilities
Noncontrolling interests	406	379
Crown Holdings shareholders’ equity	1,815	1,713
Total equity	2,221	2,092
Total	$ 15,265	$ 15,505

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Condensed) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 255	$ 305
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	239	245
Restructuring and other	10	(41)
Pension expense	69	40
Pension contributions	(11)	(9)
Stock-based compensation	15	16
Changes in assets and liabilities:
Working capital changes and other	(815)	(783)
Net cash used for operating activities	(238)	(227)
Cash flows from investing activities
Capital expenditures	(199)	(154)
Proceeds from sale of property, plant and equipment	0	11
Net investment hedge	15	6
Net cash used for investing activities	(184)	(137)
Cash flows from financing activities
Proceeds from long-term debt	111	0
Payments of long-term debt	(41)	(305)
Net change in revolving credit facility and short-term debt	183	435
Payments of finance leases	(1)	(14)
Common stock issued	1	3
Common stock repurchased	(58)	(2)
Contributions from noncontrolling interests	2	3
Dividends paid to noncontrolling interests	(12)	(11)
Foreign exchange derivatives related to debt	11	(10)
Net cash provided by financing activities	196	99
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(10)	3
Net change in cash, cash equivalents and restricted cash	(236)	(262)
Cash, cash equivalents and restricted cash beginning balance	663	659
Cash, cash equivalents and restricted cash ending balance	$ 427	$ 397

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Total Crown Equity	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2018	$ 1,286	$ 929	$ 186	$ 3,449	$ (3,374)	$ (253)	$ 937	$ 349
Net income attributable to Crown Holdings				103			103
Net income attributable to noncontrolling interests								28
Net income	131
Other comprehensive income	85				85		85
Dividends paid to noncontrolling interests	(9)						0	(9)
Restricted stock awarded	0		(1)			1	0
Stock-based compensation	8		8				8
Common stock issued	2		2				2
Common stock repurchased	(1)		(1)				(1)
Balance at end of period at Mar. 31, 2019	1,502	929	194	3,552	(3,289)	(252)	1,134	368
Balance at beginning of period at Dec. 31, 2018	1,286	929	186	3,449	(3,374)	(253)	937	349
Net income attributable to Crown Holdings	240
Net income attributable to noncontrolling interests	65
Net income	305
Other comprehensive income	100
Balance at end of period at Jun. 30, 2019	1,700	929	202	3,689	(3,274)	(252)	1,294	406
Balance at beginning of period at Mar. 31, 2019	1,502	929	194	3,552	(3,289)	(252)	1,134	368
Net income attributable to Crown Holdings	137			137			137
Net income attributable to noncontrolling interests	37							37
Net income	174
Other comprehensive income	15				15		15
Dividends paid to noncontrolling interests	(2)						0	(2)
Restricted stock awarded							0
Contributions from noncontrolling interest	3							3
Stock-based compensation	8		8				8
Common stock issued	1		1				1
Common stock repurchased	(1)		(1)				(1)
Balance at end of period at Jun. 30, 2019	1,700	929	202	3,689	(3,274)	(252)	1,294	406
Balance at beginning of period at Dec. 31, 2019	2,092	929	207	3,959	(3,131)	(251)	1,713	379
Net income attributable to Crown Holdings				88			88
Net income attributable to noncontrolling interests								26
Net income	114
Other comprehensive income	(96)				(91)		(91)	(5)
Dividends paid to noncontrolling interests	(11)							(11)
Restricted stock awarded	0		(1)			1
Stock-based compensation	10		10				10
Common stock issued	1		1				1
Common stock repurchased	(57)		(52)			(5)	(57)
Balance at end of period at Mar. 31, 2020	2,053	929	165	4,047	(3,222)	(255)	1,664	389
Balance at beginning of period at Dec. 31, 2019	2,092	929	207	3,959	(3,131)	(251)	1,713	379
Net income attributable to Crown Holdings	214
Net income attributable to noncontrolling interests	41
Net income	255
Other comprehensive income	(72)
Balance at end of period at Jun. 30, 2020	2,221	929	169	4,173	(3,201)	(255)	1,815	406
Balance at beginning of period at Mar. 31, 2020	2,053	929	165	4,047	(3,222)	(255)	1,664	389
Net income attributable to Crown Holdings	126			126			126
Net income attributable to noncontrolling interests	15							15
Net income	141
Other comprehensive income	24				21		21	3
Dividends paid to noncontrolling interests	(1)							(1)
Restricted stock awarded	0		(1)			1
Stock-based compensation	5		5				5
Common stock issued	0						0
Common stock repurchased	(1)					(1)	(1)
Balance at end of period at Jun. 30, 2020	$ 2,221	$ 929	$ 169	$ 4,173	$ (3,201)	$ (255)	$ 1,815	$ 406

Statement of Information Furnis

Statement of Information Furnished	6 Months Ended
	Jun. 30, 2020
Quarterly Financial Data [Abstract]
Statement of Information Furnished	Statement of Information FurnishedThe consolidated financial statements include the accounts of Crown Holdings, Inc. and its consolidated subsidiaries (the “Company”). The accompanying unaudited interim consolidated financial statements have been prepared in accordance with Form 10-Q instructions. In the opinion of management, these consolidated financial statements contain all adjustments of a normal and recurring nature necessary for a fair statement of the financial position of the Company as of June 30, 2020 and the results of its operations for the three and six months ended June 30, 2020 and 2019 and of its cash flows for the six months ended June 30, 2020 and 2019. The results reported in these consolidated financial statements are not necessarily indicative of the results that may be expected for the entire year including the impact of the coronavirus pandemic which cannot be determined at this time. These results have been determined on the basis of accounting principles generally accepted in the United States of America (“GAAP”), the application of which requires management’s utilization of estimates, and actual results may differ materially from the estimates utilized. Certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP have been condensed or omitted. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019.

Accounting and Reporting Develo

Accounting and Reporting Developments	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Recently Adopted Accounting Standards On January 1, 2020, the Company adopted new guidance on the accounting for credit losses on financial instruments. The new guidance introduces an approach, based on expected losses, to estimate credit losses on certain types of financial instruments. The new approach to estimating credit losses applies to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments in operating leases and off-balance-sheet credit exposures. The guidance did not have a material impact on the Company's consolidated financial statements. On January 1, 2020, the Company adopted new guidance, on a prospective basis, which aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service arrangement (i.e. hosting arrangement) with the guidance on capitalizing costs for internal use software. The guidance did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Standards In December 2019, the FASB issued new guidance to simplify the accounting for income taxes by, among other things, reducing complexity in the interim-period accounting for year-to-date loss limitations and changes in tax laws. The guidance is effective for the Company on January 1, 2021. The Company is currently evaluating the impact of adopting this standard and does not expect the guidance to have a material impact on its consolidated financial statements. In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying GAAP to certain contract modifications and hedging relationships that reference London Inter-bank Offered Rate (LIBOR) or another reference rate expected to be discontinued. The guidance is effective upon issuance and can be applied through December 31, 2022. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2020
Restricted Cash [Abstract]
Restricted Cash	Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash included in the Company's Consolidated Balance Sheets and Statement of Cash Flows were as follows: June 30, 2020 December 31, 2019 Cash and cash equivalents $ 366 $ 607 Restricted cash included in prepaid expenses and other current assets 60 50 Restricted cash included in other non-current assets 1 6 Total restricted cash 61 56 Total cash, cash equivalents and restricted cash $ 427 $ 663 Amounts included in restricted cash primarily represent amounts required to be segregated by certain of the Company's receivables securitization agreements.

Receivables

Receivables	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Receivables	Receivables June 30, 2020 December 31, 2019 Accounts receivable $ 1,194 $ 1,162 Less: allowance for credit losses (64) (62) Net trade receivables 1,130 1,100 Unbilled receivables 254 226 Miscellaneous receivables 220 202 Receivables, net $ 1,604 $ 1,528

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory, Gross [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or market, with cost principally determined under the first-in first-out ("FIFO") or average cost method. June 30, 2020 December 31, 2019 Raw materials and supplies $ 978 $ 905 Work in process 164 151 Finished goods 605 570 $ 1,747 $ 1,626

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Gross carrying amounts and accumulated amortization of finite-lived intangible assets by major class were as follows: June 30, 2020 December 31, 2019 Gross Accumulated amortization Net Gross Accumulated amortization Net Customer relationships $ 1,573 $ (385) $ 1,188 $ 1,621 $ (331) $ 1,290 Trade names 541 (51) 490 541 (40) 501 Technology 158 (53) 105 158 (41) 117 Long term supply contracts 123 (40) 83 150 (48) 102 Patents 15 (9) 6 14 (9) 5 $ 2,410 $ (538) $ 1,872 $ 2,484 $ (469) $ 2,015 Total amortization expense of intangible assets for the three and six months ended June 30, 2020 and 2019 was $44 and $89 and $47 and $94.

Restructuring and Other

Restructuring and Other	6 Months Ended
	Jun. 30, 2020
Restructuring Reserve [Abstract]
Restructuring and Other	Restructuring and Other The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Asset impairments and sales $ — $ (9) $ 1 $ (5) Restructuring 3 5 6 14 Other (income) / cost — (41) 3 (50) $ 3 $ (45) $ 10 $ (41) For the three and six months ended June 30, 2020, restructur ing included charges related to internal reorganizations within the Transit Packaging division, including headcount reductions. For six months ended June 30, 2019, restructuring included a charge of $8 related to headcount reductions in the Company's European Division. For the six months ended June 30, 2019, asset impairments and sales included $6 related to a fire at a production facility in Asia and gains on asset sales related to prior restructuring actions. For the three and six months ended June 30, 2019, other income related to gains arising from favorable court rulings related to the recovery of indirect taxes paid in prior years by certain of the Company's Brazilian subsidiaries. At June 30, 2020, the Company had restructuring acc ruals of $15, p rimarily related to current and prior year actions to reduce manufacturing capacity and headcount in its European businesses. The Company expects to pay these amounts over the next twelve months. The Company continues to review its supply and demand profile and long-term plans in its businesses, and it is possible that the Company may record additional restructuring charges in the future.

Asbestos-Related Liabilities

Asbestos-Related Liabilities	6 Months Ended
	Jun. 30, 2020
Liability for Asbestos and Environmental Claims [Abstract]
Asbestos-Related Liabilities	Asbestos-Related LiabilitiesCrown Cork & Seal Company, Inc. (“Crown Cork”) is one of many defendants in a substantial number of lawsuits filed throughout the U.S. by persons alleging bodily injury as a result of exposure to asbestos. These claims arose from the insulation operations of a U.S. company, the majority of whose stock Crown Cork purchased in 1963. Approximately ninety Prior to 1998, amounts paid to asbestos claimants were covered by a fund made available to Crown Cork under a 1985 settlement with carriers insuring Crown Cork through 1976, when Crown Cork became self-insured. The fund was depleted in 1998 and the Company has no remaining coverage for asbestos-related costs. In December 2001, the Commonwealth of Pennsylvania enacted legislation that limits the asbestos-related liabilities of Pennsylvania corporations that are successors by corporate merger to companies involved with asbestos. The legislation limits the successor’s liability for asbestos to the acquired company’s asset value adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the acquired company’s adjusted asset value. In November 2004, the legislation was amended to address a Pennsylvania Supreme Court decision (Ieropoli v. AC&S Corporation, et. al., No. 117 EM 2002) which held that the statute violated the Pennsylvania Constitution due to retroactive application. The Company cautions that the limitations of the statute, as amended, are subject to litigation and may not be upheld. In June 2003, the state of Texas enacted legislation that limits the asbestos-related liabilities in Texas courts of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The Texas legislation, which applies to future claims and pending claims, caps asbestos-related liabilities at the total gross value of the predecessor’s assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total adjusted value of its predecessor’s assets. In October 2010, the Texas Supreme Court held that the Texas legislation was unconstitutional under the Texas Constitution when applied to asbestos-related claims pending against Crown Cork when the legislation was enacted in June 2003. The Company believes that the decision of the Texas Supreme Court is limited to retroactive application of the Texas legislation to asbestos-related cases that were pending against Crown Cork in Texas on June 11, 2003 and therefore, in its accrual, continues to assign no value to claims filed after June 11, 2003. In recent years, the states of Alabama, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Michigan, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, West Virginia, Wisconsin and Wyoming enacted legislation that limits asbestos-related liabilities under state law of companies such as Crown Cork that allegedly incurred these liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The legislation, which applies to future and, with the exception of Arkansas, Georgia, South Carolina, South Dakota, West Virginia and Wyoming, pending claims, caps asbestos-related liabilities at the fair market value of the predecessor's total gross assets adjusted for inflation. Crown Cork has paid significantly more for asbestos-related claims than the total value of its predecessor's assets adjusted for inflation. Crown Cork has integrated the legislation into its claims defense strategy. The Company further cautions that an adverse ruling in any litigation relating to the constitutionality or applicability to Crown Cork of one or more statutes that limits the asbestos-related liability of alleged defendants like Crown Cork could have a material impact on the Company. During the six months ended June 30, 2020, the Company paid $5 to settle outstanding claims and had claims activity as follows: Beginning claims 56,000 New claims 700 Settlements or dismissals (700) Ending claims 56,000 In the fourth quarter of each year, the Company performs an analysis of outstanding claims and categorizes these claims by year of exposure and state filed. As of December 31, 2019, the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,500 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 1,500 Other states that have enacted asbestos legislation 6,000 Other states 19,000 Total claims outstanding 56,000 The outstanding claims in each period exclude approximately 19,000 inactive claims. Due to the passage of time, the Company considers it unlikely that the plaintiffs in these cases will pursue further action against the Company. The exclusion of these inactive claims had no effect on the calculation of the Company’s accrual as the claims were filed in states, as described above, where the Company’s liability is limited by statute. With respect to claimants alleging first exposure to asbestos before or during 1964, the Company does not include in its accrual any amounts for settlements in states where the Company’s liability is limited by statute except for certain pending claims in Texas as described earlier. With respect to post-1964 claims, regardless of the existence of asbestos legislation, the Company does not include in its accrual any amounts for settlement of these claims because of increased difficulty of establishing identification of relevant insulation products as the cause of injury. Given the Company's settlement experience with post-1964 claims, it does not believe that an adverse ruling in the Texas or Pennsylvania asbestos litigation cases, or in any other state that has enacted asbestos legislation, would have a material impact on the Company with respect to such claims. As of December 31, the percentage of outstanding claims related to claimants alleging serious diseases (primarily mesothelioma and other malignancies) were as follows: 2019 2018 Total claims 22 % 22 % Pre-1964 claims in states without asbestos legislation 41 % 41 % Crown Cork has entered into arrangements with plaintiffs’ counsel in certain jurisdictions with respect to claims which are not yet filed, or asserted, against it. However, Crown Cork expects claims under these arrangements to be filed or asserted against Crown Cork in the future. The projected value of these claims is included in the Company’s estimated liability as of June 30, 2020. As of June 30, 2020, the Company’s accrual for pending and future asbestos-related claims and related legal costs was $264, including $221 for unasserted claims. The Company determines its accrual without limitation to a specific time period. It is reasonably possible that the actual loss could be in excess of the Company’s accrual. However, the Company is unable to estimate the reasonably possible loss in excess of its accrual due to uncertainty in the following assumptions that underlie the Company’s accrual and the possibility of losses in excess of such accrual: the amount of damages sought by the claimant (which was not specified for approximately 81% of the claims outstanding at the end of 2019), the Company and claimant’s willingness to negotiate a settlement, the terms of settlements of other defendants with asbestos-related liabilities, the bankruptcy filings of other defendants (which may result in additional claims and higher settlements for non-bankrupt defendants), the nature of pending and future claims (including the seriousness of alleged disease, whether claimants allege first exposure to asbestos before or during 1964 and the claimant’s ability to demonstrate the alleged link to Crown Cork), the volatility of the litigation environment, the defense strategies available to the Company, the level of future claims, the rate of receipt of claims, the jurisdiction in which claims are filed, and the effect of state asbestos legislation (including the validity and applicability of the Pennsylvania legislation to non-Pennsylvania jurisdictions, where the substantial majority of the Company’s asbestos cases are filed).

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities The Company, along with others in most cases, has been identified by the U.S. Environmental Protection Agency or a comparable state environmental agency as a Potentially Responsible Party (“PRP”) at a number of sites and has recorded aggregate accruals of $8 f or its share of estimated future remediation costs at these sites. The Company has been identified as having either directly or indirectly disposed of commercial or industrial waste at the sites subject to the accrual, and where appropriate and supported by available information, generally has agreed to be responsible for a percentage of future remediation costs based on an estimated volume of materials disposed in proportion to the total materials disposed at each site. The Company has not had monetary sanctions imposed nor has the Company been notified of any potential monetary sanctions at any of the sites. The Company has also recorded aggregate a ccruals of $7 fo r remediation activities at various worldwide locations that are owned by the Company and for which the Company is not a member of a PRP group. Although the Company believes its accruals are adequate to cover its portion of future remediation 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 flow. Any possible loss or range of potential loss that may be incurred in excess of the recorded accruals cannot be estimated. In March 2015, the Bundeskartellamt, or German Federal Cartel Office (“FCO”), conducted unannounced inspections of the premises of several metal packaging manufacturers, including a German subsidiary of the Company. The local court order authorizing the inspection cited FCO suspicions of anti-competitive agreements in the German market for the supply of metal packaging products. The Company conducted an internal investigation into the matter and discovered instances of inappropriate conduct by certain employees of German subsidiaries of the Company. The Company cooperated with the FCO and submitted a leniency application with the FCO which disclosed the findings of its internal investigation to date. In April 2018, the FCO discontinued its national investigation and referred the matter to the European Commission (the “Commission”). Following the referral, Commission officials conducted unannounced inspections of the premises of several metal packaging manufacturers, including Company subsidiaries in Germany, France and the United Kingdom. The Commission's investigation is ongoing and, to date, the Commission has not officially charged the Company or any of its subsidiaries with violations of competition law. The Company is cooperating with the Commission and submitted a leniency application with the Commission with respect to the findings of the investigation in Germany referenced above. This application may lead to the reduction of possible future penalties. At this stage of the investigation the Company believes that a loss is probable but is unable to predict the ultimate outcome of the Commission’s investigation and is unable to estimate the loss or possible range of losses that could be incurred, and has therefore not recorded a charge in connection with the actions by the Commission. If the Commission finds that the Company or any of its subsidiaries violated competition law, fines levied by the Commission could be material to the Company's operating results and cash flows for the periods in which they are resolved or become reasonably estimable. In March 2017, U.S. Customs and Border Protection (“CBP”) at the Port of Milwaukee issued a penalty notification alleging that certain of the Company’s subsidiaries intentionally misclassified the importation of certain goods into the U.S. during the period 2004-2009. CBP initially assessed a penalty of $18 and subsequently mitigated to $6. The Company has acknowledged to CBP that the goods were misclassified and has paid all related duties. The Company has asserted that the misclassification was unintentional and disputes the penalty assessment. At the present time, based on the information available, the Company does not believe that a loss for the alleged intentional misclassification is probable. There can be no assurance the Company will be successful in contesting the assessed penalty. The Company and its subsidiaries are also subject to various other lawsuits and claims with respect to governmental, labor, environmental, securities, vendor and other matters arising out of the Company’s normal course of business. While the impact on future financial results is not subject to reasonable estimation because considerable uncertainty exists, management believes that the ultimate liabilities resulting from such lawsuits and claims will not materially affect the Company’s consolidated earnings, financial position or cash flow. The Company has various commitments to purchase materials, supplies and utilities as part of the ordinary course of business. The Company’s basic raw materials for its products are steel and aluminum, both of which are purchased from multiple sources. The Company is subject to fluctuations in the cost of these raw materials (including in

Derivative and Other Financial

Derivative and Other Financial Instruments	6 Months Ended
	Jun. 30, 2020
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivative and Other Financial Instruments	Derivative and Other Financial Instruments Fair Value Measurements Under GAAP a framework exists for measuring fair value, providing a three-tier hierarchy of pricing inputs used to report assets and liabilities that are adjusted to fair value. Level 1 includes inputs such as quoted prices which are available in active markets for identical assets or liabilities as of the report date. Level 2 includes inputs other than those available in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 includes unobservable pricing inputs that are not corroborated by market data or other objective sources. The Company has no recurring items valued using Level 3 inputs other than certain pension plan assets. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities measured at fair value and their placement within the fair value hierarchy. The Company applies a market approach to value its commodity price hedge contracts. Prices from observable markets are used to develop the fair value of these financial instruments and they are reported under Level 2. The Company uses an income approach to value its foreign exchange forward contracts. These contracts are valued using a discounted cash flow model that calculates the present value of future cash flows under the terms of the contracts using market information as of the reporting date, such as foreign exchange spot and forward rates, and are reported under Level 2 of the fair value hierarchy. Fair value disclosures for financial assets and liabilities that were accounted for at fair value on a recurring basis are provided later in this note. In addition, see Note K for fair value disclosures related to debt. Derivative Financial Instruments In the normal course of business the Company is subject to risk from adverse fluctuations in currency exchange rates, interest rates and commodity prices. The Company manages these risks through a program that includes the use of derivative financial instruments, primarily swaps and forwards. Counterparties to these contracts are major financial institutions. The Company is exposed to credit loss in the event of nonperformance by these counterparties. The Company does not use derivative instruments for trading or speculative purposes. The Company’s objective in managing exposure to market and interest rate risk is to limit the impact on earnings and cash flow. The extent to which the Company uses such instruments is dependent upon its access to these contracts in the financial markets and its success using other methods, such as netting exposures in the same currencies to mitigate foreign exchange risk, using sales agreements that permit the pass-through of commodity price and foreign exchange rate risk to customers and borrowing both fixed and floating debt instruments to manage interest rate risk. For derivative financial instruments accounted for in hedging relationships, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the manner in which effectiveness will be assessed. The Company formally assesses, both at inception and at least quarterly thereafter, whether the hedging relationships are effective in offsetting changes in fair value or cash flows of the related underlying exposures. When a hedge no longer qualifies for hedge accounting, the change in fair value from the date of the last effectiveness test is recognized in earnings. Any gain or loss which has accumulated in other comprehensive income at the date of the last effectiveness test is reclassified into earnings at the same time of the underlying exposure. Cash Flow Hedges The Company designates certain derivative financial instruments as cash flow hedges. No components of the hedging instruments are excluded from the assessment of hedge effectiveness. Changes in fair value of outstanding derivatives accounted for as cash flow hedges are recorded in accumulated other comprehensive income until earnings are impacted by the hedged transaction. Classification of the gain or loss in the Consolidated Statements of Operations upon reclassification from accumulated comprehensive income is the same as that of the underlying exposure. Contracts outstanding at June 30, 2020 mature between one twenty-nine When the Company discontinues hedge accounting because it is no longer probable that an anticipated transaction will occur in the originally specified period, changes to the fair value accumulated in other comprehensive income are recognized immediately in earnings. The Company uses commodity forward contracts to hedge anticipated purchases of various commodities, including aluminum, fuel oil and natural gas, and these exposures are hedged by a central treasury unit. The Company also designates certain foreign exchange contracts as cash flow hedges of anticipated foreign currency denominated sales or purchases. The Company manages these risks at the operating unit level. Foreign currency risk is generally hedged with the related commodity price risk. The Company also uses interest rate swaps to convert interest on floating rate debt to a fixed-rate. The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income (“AOCI”) and earnings from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three Months Ended Six Months Ended June 30, June 30, Derivatives in cash flow hedges 2020 2019 2020 2019 Foreign exchange $ 2 $ 2 $ 3 $ (2) Interest Rate — — (1) — Commodities 2 (18) (37) (8) $ 4 $ (16) $ (35) $ (10) Amount of gain/ Amount of gain/ (loss) reclassified from (loss) reclassified from AOCI into income AOCI into income Three Months Ended Six Months Ended June 30, June 30, Affected line items in the Derivatives in cash flow hedges 2020 2019 2020 2019 Statement of Operations Foreign exchange $ (2) $ — $ (3) $ (1) Net sales Commodities 7 3 10 6 Net sales Foreign exchange 1 (1) — (1) Cost of products sold Commodities (30) (11) (40) (21) Cost of products sold (24) (9) (33) (17) Income before taxes 7 2 9 4 Provision for income taxes Total reclassified $ (17) $ (7) $ (24) $ (13) Net income For the twelve-month period ending June 30, 2021, a net loss of $22 ($18, net of tax) is expected to be reclassified to earnings for commodity and foreign exchange contracts. No amounts were reclassified during the six months ended June 30, 2020 and 2019 in connection with anticipated transactions that were no longer considered probable. Fair Value Hedges and Contracts Not Designated as Hedges The Company designates certain derivative financial instruments as fair value hedges of recognized foreign-denominated assets and liabilities, generally trade accounts receivable and payable and unrecognized firm commitments. The notional values and maturity dates of the derivative instruments coincide with those of the hedged items. Changes in fair value of the derivative financial instruments, excluding time value, are offset by changes in fair value of the related hedged items. For the three and six months ended June 30, 2020 and 2019, the Company recorded a loss of $2 and a loss of less than $1 from foreign exchange contracts designated as fair value hedges. These adjustments were reported within foreign exchange in the Consolidated Statements of Operations. Certain derivative financial instruments, including foreign exchange contracts related to intercompany debt, were not designated or did not quality for hedge accounting; however, they are effective economic hedges as the changes in their fair value, except for time value, are offset by changes arising from re-measurement of the related hedged items. The Company’s primary use of these derivative instruments is to offset the earnings impact that fluctuations in foreign exchange rates have on certain monetary assets and liabilities denominated in nonfunctional currencies. Changes in fair value of these derivative instruments are immediately recognized in earnings as foreign exchange adjustments. The following table sets forth the impact on earnings from derivatives not designated as hedges. Pre-tax amount of gain/ Pre-tax amount of gain/ (loss) recognized in income (loss) recognized in on derivative income on derivative Three Months Ended Six Months Ended June 30, June 30, Affected line item in the Derivatives not designated as hedges 2020 2019 2020 2019 Statement of Operations Foreign exchange $ 1 $ — $ — $ (1) Net sales Foreign exchange — — 1 1 Cost of products sold Foreign exchange — 4 6 (11) Foreign exchange $ 1 $ 4 $ 7 $ (11) Net Investment Hedges The Company designates certain debt and derivative instruments as net investment hedges to manage foreign currency risk relating to net investments in subsidiaries denominated in foreign currencies and reduce the variability in the functional currency equivalent cash flows. During the three and six months ended June 30, 2020, the Company recorded a loss of $26 ($26, net of tax) and a loss of less than $1 ($1, net of tax) in other comprehensive income for certain debt instruments that are designated as hedges of its net investment in a euro-based subsidiary. For the three and six months ended June 30, 2019, the Company recorded a loss of $19 ($19, net of tax) and a gain of $9 ($9, net of tax). As of June 30, 2020 and December 31, 2019, cumulative losses of $32 ($9, net of tax) were recognized in accumulated other comprehensive income related to these net investment hedges and the carrying amount of the hedged net investment was €1,161 ($1,303 at June 30, 2020). The following tables set forth the impact on OCI from changes in the fair value of derivative instruments designated as net investment hedges. Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three months ended Six months ended June 30, June 30, Derivatives designated as net investment hedges 2020 2019 2020 2019 Foreign exchange $ (22) $ (7) $ 39 $ 7 Gains and losses representing components excluded from the assessment of effectiveness on derivatives designated as net investment hedges are recognized in accumulated other comprehensive income. Gains or losses on net investment hedges remain in accumulated other comprehensive income until disposal of the underlying assets. Fair Values of Derivative Financial Instruments and Valuation Hierarchy The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy. Balance Sheet classification June 30, December 31, 2019 Balance Sheet classification June 30, December 31, 2019 Derivatives designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ 9 $ 10 Accrued liabilities $ 8 $ 15 Other non-current assets 1 1 Other non-current liabilities — 1 Foreign exchange contracts fair value Other current assets 4 1 Accrued liabilities 2 3 Commodities contracts cash flow Other current assets 13 11 Accrued liabilities 37 21 Other non-current assets 3 — Other non-current liabilities 2 — Interest rate contracts cash flow Other non-current assets — — Other non-current liabilities 3 1 Net investment hedge Other non-current assets 103 51 Other non-current liabilities 2 2 $ 133 $ 74 $ 54 $ 43 Balance Sheet classification June 30, December 31, 2019 Balance Sheet classification June 30, December 31, 2019 Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets $ 12 $ 7 Accrued liabilities $ 8 $ 5 Other non-current assets 1 2 Other non-current liabilities 1 1 $ 13 $ 9 $ 9 $ 6 Total derivatives $ 146 $ 83 $ 63 $ 49 Fair Value Hedge Carrying Amounts Carrying amount of the hedged assets/(liabilities) June 30, December 31, Line item in the Balance Sheet in which the hedged item is included Receivables, net 12 12 Accounts payable (75) (83) As of June 30, 2020, the cumulative amount of fair value hedging adjustments included in the carrying amount of the hedge assets and liabilities was a gain of $2. As of December 31, 2019, the cumulative amount of fair value hedging adjustments included in the carrying amount of the hedge assets and liabilities was a loss of $2. Offsetting of Derivative Assets and Liabilities Certain derivative financial instruments are subject to agreements with counterparties similar to master netting arrangements and are eligible for offset. The Company has made an accounting policy election not to offset the fair values of these instruments within the statement of financial position. In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate. Gross amounts recognized in the Balance Sheet Gross amounts not offset in the Balance Sheet Net amount Balance at June 30, 2020 Derivative assets $146 $18 $128 Derivative liabilities 63 18 45 Balance at December 31, 2019 Derivative assets 83 16 67 Derivative liabilities 49 16 33 Notional Values of Outstanding Derivative Instruments The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 were: June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedges: Foreign exchange $ 615 $ 1,030 Commodities 347 334 Interest rate 200 200 Derivatives designated as fair value hedges: Foreign exchange 142 142 Derivatives designated as net investment hedges: Foreign exchange 1,075 1,075 Derivatives not designated as hedges: Foreign exchange 929 1,017

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt The Company's outstanding debt was as follows: June 30, 2020 December 31, 2019 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 131 $ 131 $ 75 $ 75 Long-term debt Senior secured borrowings: Revolving credit facilities 121 121 — — Term loan facilities U.S. dollar at LIBOR + 1.5% due 2024 1,086 1,079 1,100 1,094 Euro at EURIBOR + 1.5% due 2024 1 499 499 505 504 Senior notes and debentures: €650 at 4.0% due 2022 730 727 729 725 U. S. dollar at 4.50% due 2023 1,000 996 1,000 995 €335 at 2.25% due 2023 376 372 376 372 €500 at 0.75% due 2023 618 613 617 610 €600 at 2.625% due 2024 674 670 673 668 €600 at 3.375% due 2025 674 669 673 667 U.S. dollar at 4.25% due 2026 400 395 400 395 U.S. dollar at 4.75% due 2026 875 864 875 863 U.S. dollar at 7.375% due 2026 350 348 350 348 €500 at 2.875% due 2026 561 554 561 554 U.S. dollar at 7.50% due 2096 40 40 40 40 Other indebtedness in various currencies 124 124 45 45 Total long-term debt 8,128 8,071 7,944 7,880 Less current maturities (72) (72) (62) (62) Total long-term debt, less current maturities $ 8,056 $ 7,999 $ 7,882 $ 7,818 (1) €444 and €450 at June 30, 2020 and December 31, 2019

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits The components of net periodic pension and other postretirement benefits costs for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended Six Months Ended June 30, June 30, Pension benefits – U.S. plans 2020 2019 2020 2019 Service cost $ 5 $ 3 $ 10 $ 8 Interest cost 9 13 19 26 Expected return on plan assets (19) (17) (37) (35) Recognized net loss 14 14 28 28 Net periodic cost $ 9 $ 13 $ 20 $ 27 Three Months Ended Six Months Ended June 30, June 30, Pension benefits – Non-U.S. plans 2020 2019 2020 2019 Service cost $ 3 $ 4 $ 6 $ 8 Interest cost 13 20 27 39 Expected return on plan assets (22) (34) (53) (69) Curtailment gain — — — (14) Settlement loss 19 31 56 31 Recognized prior service credit — (1) — (1) Recognized net loss 4 9 13 19 Net periodic cost $ 17 $ 29 $ 49 $ 13 Three Months Ended Six Months Ended June 30, June 30, Other postretirement benefits 2020 2019 2020 2019 Interest cost 1 1 2 2 Recognized prior service credit (7) (8) (13) (17) Recognized net loss 1 1 2 2 Net periodic benefit $ (5) $ (6) $ (9) $ (13) In the three and six months ended June 30, 2020, the Company recorded settlement charges related to the payment of lump sum buy-outs to settle certain non-U.S. pension obligations using plan assets. The Company may incur additional settlement charges in 2020. In the three and six months ended June 30, 2019, the Company recorded a curtailment gain to recognize prior service credits that were previously recorded in accumulated other comprehensive income in connection with the closure of a non-U.S. defined benefit pension plan. The components of net periodic cost / (benefit) other than the service cost component are included in other pension and postretirement in the Consolidated Statement of Operations. The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Six Months Ended Details about accumulated other June 30, June 30, Affected line item in the comprehensive income components 2020 2019 2020 2019 statement of operations Actuarial losses $ 19 $ 24 $ 43 $ 49 Other pension and postretirement Settlements 19 31 56 31 Other pension and postretirement Prior service credit (7) (9) (13) (18) Other pension and postretirement Curtailments — — — (14) Other pension and postretirement 31 46 86 48 Income before taxes (3) (7) (7) (8) Provision for income taxes Total reclassified $ 28 $ 39 $ 79 $ 40 Net income

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following table provides information about the changes in each component of accumulated other comprehensive income. Defined benefit plans Foreign currency translation Gains and losses on cash flow hedges Total Balance at January 1, 2019 $ (1,533) $ (1,817) $ (24) $ (3,374) Other comprehensive income before reclassifications 7 50 (10) 47 Amounts reclassified from accumulated other comprehensive income 40 — 13 53 Other comprehensive income 47 50 3 100 Balance at June 30, 2019 $ (1,486) $ (1,767) $ (21) $ (3,274) Balance at January 1, 2020 $ (1,449) $ (1,668) $ (14) $ (3,131) Other comprehensive income / (loss) before reclassifications 158 (296) (35) (173) Amounts reclassified from accumulated other comprehensive income 79 — 24 103 Other comprehensive income / (loss) 237 (296) (11) (70) Balance at June 30, 2020 $ (1,212) $ (1,964) $ (25) $ (3,201) See Note J and Note L for further details of amounts related to cash flow hedges and defined benefit plans.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation A summary of restricted and deferred stock transactions during the six months ended June 30, 2020 is as follows: Number of shares Non-vested stock awards outstanding at January 1, 2020 2,102,654 Awarded: Time-vesting shares 275,173 Performance-based shares 166,018 Released: Time-vesting shares (140,987) Performance-based shares (181,705) Forfeitures: Time-vesting shares (56,566) Performance-based shares (7,651) Non-vested stock awards outstanding at June 30, 2020 2,156,936 The performance-based share awards are subject to either a market condition or a performance condition. For awards subject to a market condition, the performance metric is the Company's total shareholder return, which includes share price appreciation and dividends paid during the three-year term of the award, measured against a peer group of companies. These awards cliff vest at the end of three years. The number of performance-based shares that will ultimately vest is based on the level of market performance achieved, ranging between 0% and 200% of the shares originally awarded, and are settled in stock. For awards subject to a performance condition, the performance metric is the Company's average return on invested capital over the three-year term. These awards cliff vest at the end of three years. The number of performance-based shares that will ultimately vest is based on the level of performance achieved, ranging between 0% and 200% of the shares originally awarded, and are settled in stock. The time-vesting restricted and deferred stock awards vest ratably over three five The weighted average grant-da te fair values of awards issued during the six months ended June 30, 2020 were $69.71 for the time-vesting stock awards and $72.08 for the performance-based stock aw ards. The fair value of the performance-based shares subject to a market condition awarded in 2020 was calculated using a Monte Carlo valuation model, including a weighted average stock price volatility of 22.0%, an expected term of three years, and a weighted average risk-free interest rate of 1.60%. As of June 30, 2020, unrecognized compensation cost related to outstanding non-vested stock awards was $74. The weighted average period over which the expense is expected to be recogn ized is 2.9 years. The aggregate market value of the shares released on the vesting dates was $22 for the six months ended June 30, 2020

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue For the three and six months ended June 30, 2020 and 2019, the Company recognized revenue as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue recognized over time $ 1,439 $ 1,496 $ 2,914 $ 2,861 Revenue recognized at a point in time 1,250 1,539 2,532 2,929 Total revenue $ 2,689 $ 3,035 $ 5,446 $ 5,790 See Note Q for further disaggregation of the Company's revenue. The Company has applied the practical expedient to exclude disclosure of remaining performance obligations as its binding orders typically have a term of one year or less. Contract Assets and Contract Liabilities Contract assets and liabilities are reported in a net position on a contract-by-contract basis. Net contract assets were as follows: June 30, 2020 December 31, 2019 Contract assets included in prepaid and other current assets $ 52 $ 30 Contract liabilities included in accrued liabilities (3) (5) Net contract asset $ 49 $ 25 Contract assets at June 30, 2020 primarily relates to revenue recognized for customized work-in-process inventory in the Company's equipment business and European three-piece food can product businesses. During the six months ended June 30, 2020, the Company recognized revenue of $2 related to contract liabilities at December 31, 2019 for performance obligations satisfied during the period.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table summarizes the computations of basic and diluted earnings per share attributable to the Company. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributable to Crown Holdings $ 126 $ 137 $ 214 $ 240 Weighted average shares outstanding: Basic 133.3 133.9 133.7 133.8 Dilutive restricted stock 0.7 0.9 0.8 0.8 Diluted 134.0 134.8 134.5 134.6 Basic earnings per share $ 0.95 $ 1.02 $ 1.60 $ 1.79 Diluted earnings per share $ 0.94 $ 1.02 $ 1.59 $ 1.78 For the three and six months ended June 30, 2020, 0.3 million and 0.7 million contingently issuable common shares were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive. For the three and six months ended June 30, 2019, 0.2 million and 0.4 million contingently issuable common shares were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company evaluates performance and allocates resources based on segment income, which is not a defined term under GAAP. The Company defines segment income as income from operations adjusted to exclude intangibles amortization charges, provisions for asbestos and restructuring and other, and the impact of fair value adjustments to inventory acquired in an acquisition. Segment income should not be considered in isolation or as a substitute for net income prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies. The tables below present information about the Company's operating segments. External Sales External Sales Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 777 $ 890 $ 1,648 $ 1,678 European Beverage 330 410 676 749 European Food 499 483 901 906 Asia Pacific 270 319 571 640 Transit Packaging 462 592 984 1,161 Total reportable segments 2,338 2,694 4,780 5,134 Non-reportable segments 351 341 666 656 Total $ 2,689 $ 3,035 $ 5,446 $ 5,790 The primary sources of revenue included in non-reportable segments are the Company's food can and closures business in North America, aerosol can businesses in North America and Europe, its promotional packaging business in Europe, and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Intersegment Sales Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 61 $ 2 $ 67 $ 6 European Beverage 1 1 2 2 European Food 22 22 43 40 Transit Packaging 3 1 7 4 Total reportable segments 87 26 119 52 Non-reportable segments 38 40 67 66 Total $ 125 $ 66 $ 186 $ 118 Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process. Segment Income Segment Income Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 129 $ 139 $ 263 $ 252 European Beverage 37 60 76 99 European Food 68 62 101 110 Asia Pacific 39 51 84 96 Transit Packaging 51 80 117 153 Total reportable segments $ 324 $ 392 $ 641 $ 710 A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Segment income of reportable segments $ 324 $ 392 $ 641 $ 710 Segment income of non-reportable segments 31 33 50 69 Corporate and unallocated items (33) (39) (71) (78) Restructuring and other (3) 45 (10) 41 Amortization of intangibles (44) (47) (89) (94) Accelerated depreciation — (1) — (3) Other pension and postretirement (13) (29) (44) (11) Loss from early extinguishments of debt — — — (6) Interest expense (76) (97) (156) (195) Interest income 1 4 5 7 Foreign exchange 5 (1) 17 (2) Income before income taxes $ 192 $ 260 $ 343 $ 438 For the three and six months ended June 30, 2020, intercompany profits of $5 were eliminated within segment income of non-reportable segments. For the three and six months ended June 30, 2019, intercompany profits of $3 and $4 were eliminated within segment income of non-reportable segments. Corporate and unallocated items includes corporate and division administrative costs, technology costs, and unallocated items such as stock-based compensation.

Accounting and Reporting Deve_2

Accounting and Reporting Developments (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recently Adopted and Recently Issued Accounting Standards	Recently Adopted Accounting Standards On January 1, 2020, the Company adopted new guidance on the accounting for credit losses on financial instruments. The new guidance introduces an approach, based on expected losses, to estimate credit losses on certain types of financial instruments. The new approach to estimating credit losses applies to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments in operating leases and off-balance-sheet credit exposures. The guidance did not have a material impact on the Company's consolidated financial statements. On January 1, 2020, the Company adopted new guidance, on a prospective basis, which aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service arrangement (i.e. hosting arrangement) with the guidance on capitalizing costs for internal use software. The guidance did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Standards In December 2019, the FASB issued new guidance to simplify the accounting for income taxes by, among other things, reducing complexity in the interim-period accounting for year-to-date loss limitations and changes in tax laws. The guidance is effective for the Company on January 1, 2021. The Company is currently evaluating the impact of adopting this standard and does not expect the guidance to have a material impact on its consolidated financial statements. In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying GAAP to certain contract modifications and hedging relationships that reference London Inter-bank Offered Rate (LIBOR) or another reference rate expected to be discontinued. The guidance is effective upon issuance and can be applied through December 31, 2022. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash Cash (Tables)	6 Months Ended
	Jun. 30, 2020
Restricted Cash [Abstract]
Schedule of Restricted Cash	Cash, cash equivalents, and restricted cash included in the Company's Consolidated Balance Sheets and Statement of Cash Flows were as follows: June 30, 2020 December 31, 2019 Cash and cash equivalents $ 366 $ 607 Restricted cash included in prepaid expenses and other current assets 60 50 Restricted cash included in other non-current assets 1 6 Total restricted cash 61 56 Total cash, cash equivalents and restricted cash $ 427 $ 663

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Receivables	June 30, 2020 December 31, 2019 Accounts receivable $ 1,194 $ 1,162 Less: allowance for credit losses (64) (62) Net trade receivables 1,130 1,100 Unbilled receivables 254 226 Miscellaneous receivables 220 202 Receivables, net $ 1,604 $ 1,528

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory, Gross [Abstract]
Components of Inventories	June 30, 2020 December 31, 2019 Raw materials and supplies $ 978 $ 905 Work in process 164 151 Finished goods 605 570 $ 1,747 $ 1,626

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Gross Carrying Amounts and Accumulated Amortization of Finite-lived Intangible Assets by Major Class	Gross carrying amounts and accumulated amortization of finite-lived intangible assets by major class were as follows: June 30, 2020 December 31, 2019 Gross Accumulated amortization Net Gross Accumulated amortization Net Customer relationships $ 1,573 $ (385) $ 1,188 $ 1,621 $ (331) $ 1,290 Trade names 541 (51) 490 541 (40) 501 Technology 158 (53) 105 158 (41) 117 Long term supply contracts 123 (40) 83 150 (48) 102 Patents 15 (9) 6 14 (9) 5 $ 2,410 $ (538) $ 1,872 $ 2,484 $ (469) $ 2,015

Restructuring and Other (Tables

Restructuring and Other (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring Reserve [Abstract]
Restructuring and Other Charges (Benefits)	The Company recorded restructuring and other charges / (benefits) as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Asset impairments and sales $ — $ (9) $ 1 $ (5) Restructuring 3 5 6 14 Other (income) / cost — (41) 3 (50) $ 3 $ (45) $ 10 $ (41)

Asbestos-Related Liabilities (T

Asbestos-Related Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Liability for Asbestos and Environmental Claims [Abstract]
Summary of Claims Activity	During the six months ended June 30, 2020, the Company paid $5 to settle outstanding claims and had claims activity as follows: Beginning claims 56,000 New claims 700 Settlements or dismissals (700) Ending claims 56,000
Summary of Outstanding Asbestos Claims by Years of Exposure and State Filed	In the fourth quarter of each year, the Company performs an analysis of outstanding claims and categorizes these claims by year of exposure and state filed. As of December 31, 2019, the Company's outstanding claims were: Claimants alleging first exposure after 1964 16,500 Claimants alleging first exposure before or during 1964 filed in: Texas 13,000 Pennsylvania 1,500 Other states that have enacted asbestos legislation 6,000 Other states 19,000 Total claims outstanding 56,000
Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases	As of December 31, the percentage of outstanding claims related to claimants alleging serious diseases (primarily mesothelioma and other malignancies) were as follows: 2019 2018 Total claims 22 % 22 % Pre-1964 claims in states without asbestos legislation 41 % 41 %

Derivative and Other Financia_2

Derivative and Other Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Accumulated Other Comprehensive Income (AOCI) and Earnings From Changes In Fair Value Related To Derivative Instruments	The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income (“AOCI”) and earnings from changes in the fair value of derivative instruments. Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three Months Ended Six Months Ended June 30, June 30, Derivatives in cash flow hedges 2020 2019 2020 2019 Foreign exchange $ 2 $ 2 $ 3 $ (2) Interest Rate — — (1) — Commodities 2 (18) (37) (8) $ 4 $ (16) $ (35) $ (10) Amount of gain/ Amount of gain/ (loss) reclassified from (loss) reclassified from AOCI into income AOCI into income Three Months Ended Six Months Ended June 30, June 30, Affected line items in the Derivatives in cash flow hedges 2020 2019 2020 2019 Statement of Operations Foreign exchange $ (2) $ — $ (3) $ (1) Net sales Commodities 7 3 10 6 Net sales Foreign exchange 1 (1) — (1) Cost of products sold Commodities (30) (11) (40) (21) Cost of products sold (24) (9) (33) (17) Income before taxes 7 2 9 4 Provision for income taxes Total reclassified $ (17) $ (7) $ (24) $ (13) Net income Amount of gain/(loss) Amount of gain/(loss) recognized in OCI recognized in OCI Three months ended Six months ended June 30, June 30, Derivatives designated as net investment hedges 2020 2019 2020 2019 Foreign exchange $ (22) $ (7) $ 39 $ 7
Schedule of Impact on Earnings from Derivatives Not Designated as Hedging Instruments	The following table sets forth the impact on earnings from derivatives not designated as hedges. Pre-tax amount of gain/ Pre-tax amount of gain/ (loss) recognized in income (loss) recognized in on derivative income on derivative Three Months Ended Six Months Ended June 30, June 30, Affected line item in the Derivatives not designated as hedges 2020 2019 2020 2019 Statement of Operations Foreign exchange $ 1 $ — $ — $ (1) Net sales Foreign exchange — — 1 1 Cost of products sold Foreign exchange — 4 6 (11) Foreign exchange $ 1 $ 4 $ 7 $ (11)
Fair Value of Outstanding Derivative Instruments in the Consolidated Balance Sheets	The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy. Balance Sheet classification June 30, December 31, 2019 Balance Sheet classification June 30, December 31, 2019 Derivatives designated as hedging instruments Foreign exchange contracts cash flow Other current assets $ 9 $ 10 Accrued liabilities $ 8 $ 15 Other non-current assets 1 1 Other non-current liabilities — 1 Foreign exchange contracts fair value Other current assets 4 1 Accrued liabilities 2 3 Commodities contracts cash flow Other current assets 13 11 Accrued liabilities 37 21 Other non-current assets 3 — Other non-current liabilities 2 — Interest rate contracts cash flow Other non-current assets — — Other non-current liabilities 3 1 Net investment hedge Other non-current assets 103 51 Other non-current liabilities 2 2 $ 133 $ 74 $ 54 $ 43 Balance Sheet classification June 30, December 31, 2019 Balance Sheet classification June 30, December 31, 2019 Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets $ 12 $ 7 Accrued liabilities $ 8 $ 5 Other non-current assets 1 2 Other non-current liabilities 1 1 $ 13 $ 9 $ 9 $ 6 Total derivatives $ 146 $ 83 $ 63 $ 49
Schedule of Derivative Instruments Fair Value Hedge Carrying Amount	Fair Value Hedge Carrying Amounts Carrying amount of the hedged assets/(liabilities) June 30, December 31, Line item in the Balance Sheet in which the hedged item is included Receivables, net 12 12 Accounts payable (75) (83)
Schedule of Offsetting Derivative Assets and Liabilities	In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate. Gross amounts recognized in the Balance Sheet Gross amounts not offset in the Balance Sheet Net amount Balance at June 30, 2020 Derivative assets $146 $18 $128 Derivative liabilities 63 18 45 Balance at December 31, 2019 Derivative assets 83 16 67 Derivative liabilities 49 16 33
Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheet	The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 were: June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedges: Foreign exchange $ 615 $ 1,030 Commodities 347 334 Interest rate 200 200 Derivatives designated as fair value hedges: Foreign exchange 142 142 Derivatives designated as net investment hedges: Foreign exchange 1,075 1,075 Derivatives not designated as hedges: Foreign exchange 929 1,017

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The Company's outstanding debt was as follows: June 30, 2020 December 31, 2019 Principal Carrying Principal Carrying outstanding amount outstanding amount Short-term debt $ 131 $ 131 $ 75 $ 75 Long-term debt Senior secured borrowings: Revolving credit facilities 121 121 — — Term loan facilities U.S. dollar at LIBOR + 1.5% due 2024 1,086 1,079 1,100 1,094 Euro at EURIBOR + 1.5% due 2024 1 499 499 505 504 Senior notes and debentures: €650 at 4.0% due 2022 730 727 729 725 U. S. dollar at 4.50% due 2023 1,000 996 1,000 995 €335 at 2.25% due 2023 376 372 376 372 €500 at 0.75% due 2023 618 613 617 610 €600 at 2.625% due 2024 674 670 673 668 €600 at 3.375% due 2025 674 669 673 667 U.S. dollar at 4.25% due 2026 400 395 400 395 U.S. dollar at 4.75% due 2026 875 864 875 863 U.S. dollar at 7.375% due 2026 350 348 350 348 €500 at 2.875% due 2026 561 554 561 554 U.S. dollar at 7.50% due 2096 40 40 40 40 Other indebtedness in various currencies 124 124 45 45 Total long-term debt 8,128 8,071 7,944 7,880 Less current maturities (72) (72) (62) (62) Total long-term debt, less current maturities $ 8,056 $ 7,999 $ 7,882 $ 7,818 (1) €444 and €450 at June 30, 2020 and December 31, 2019

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Reclassification out of Accumulated Other Comprehensive Income	The following table provides information about amounts reclassified from accumulated other comprehensive income. Three Months Ended Six Months Ended Details about accumulated other June 30, June 30, Affected line item in the comprehensive income components 2020 2019 2020 2019 statement of operations Actuarial losses $ 19 $ 24 $ 43 $ 49 Other pension and postretirement Settlements 19 31 56 31 Other pension and postretirement Prior service credit (7) (9) (13) (18) Other pension and postretirement Curtailments — — — (14) Other pension and postretirement 31 46 86 48 Income before taxes (3) (7) (7) (8) Provision for income taxes Total reclassified $ 28 $ 39 $ 79 $ 40 Net income
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended Six Months Ended June 30, June 30, Other postretirement benefits 2020 2019 2020 2019 Interest cost 1 1 2 2 Recognized prior service credit (7) (8) (13) (17) Recognized net loss 1 1 2 2 Net periodic benefit $ (5) $ (6) $ (9) $ (13)
U.S. | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	The components of net periodic pension and other postretirement benefits costs for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended Six Months Ended June 30, June 30, Pension benefits – U.S. plans 2020 2019 2020 2019 Service cost $ 5 $ 3 $ 10 $ 8 Interest cost 9 13 19 26 Expected return on plan assets (19) (17) (37) (35) Recognized net loss 14 14 28 28 Net periodic cost $ 9 $ 13 $ 20 $ 27
Pension Benefits - Non-U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Pension and Other Postretirement Benefits Costs	Three Months Ended Six Months Ended June 30, June 30, Pension benefits – Non-U.S. plans 2020 2019 2020 2019 Service cost $ 3 $ 4 $ 6 $ 8 Interest cost 13 20 27 39 Expected return on plan assets (22) (34) (53) (69) Curtailment gain — — — (14) Settlement loss 19 31 56 31 Recognized prior service credit — (1) — (1) Recognized net loss 4 9 13 19 Net periodic cost $ 17 $ 29 $ 49 $ 13

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides information about the changes in each component of accumulated other comprehensive income. Defined benefit plans Foreign currency translation Gains and losses on cash flow hedges Total Balance at January 1, 2019 $ (1,533) $ (1,817) $ (24) $ (3,374) Other comprehensive income before reclassifications 7 50 (10) 47 Amounts reclassified from accumulated other comprehensive income 40 — 13 53 Other comprehensive income 47 50 3 100 Balance at June 30, 2019 $ (1,486) $ (1,767) $ (21) $ (3,274) Balance at January 1, 2020 $ (1,449) $ (1,668) $ (14) $ (3,131) Other comprehensive income / (loss) before reclassifications 158 (296) (35) (173) Amounts reclassified from accumulated other comprehensive income 79 — 24 103 Other comprehensive income / (loss) 237 (296) (11) (70) Balance at June 30, 2020 $ (1,212) $ (1,964) $ (25) $ (3,201) See Note J and Note L for further details of amounts related to cash flow hedges and defined benefit plans.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Summary of Restricted Stock Transactions	A summary of restricted and deferred stock transactions during the six months ended June 30, 2020 is as follows: Number of shares Non-vested stock awards outstanding at January 1, 2020 2,102,654 Awarded: Time-vesting shares 275,173 Performance-based shares 166,018 Released: Time-vesting shares (140,987) Performance-based shares (181,705) Forfeitures: Time-vesting shares (56,566) Performance-based shares (7,651) Non-vested stock awards outstanding at June 30, 2020 2,156,936

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue recognized over time $ 1,439 $ 1,496 $ 2,914 $ 2,861 Revenue recognized at a point in time 1,250 1,539 2,532 2,929 Total revenue $ 2,689 $ 3,035 $ 5,446 $ 5,790
Net Contract Assets and Liabilities	Net contract assets were as follows: June 30, 2020 December 31, 2019 Contract assets included in prepaid and other current assets $ 52 $ 30 Contract liabilities included in accrued liabilities (3) (5) Net contract asset $ 49 $ 25

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following table summarizes the computations of basic and diluted earnings per share attributable to the Company. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income attributable to Crown Holdings $ 126 $ 137 $ 214 $ 240 Weighted average shares outstanding: Basic 133.3 133.9 133.7 133.8 Dilutive restricted stock 0.7 0.9 0.8 0.8 Diluted 134.0 134.8 134.5 134.6 Basic earnings per share $ 0.95 $ 1.02 $ 1.60 $ 1.79 Diluted earnings per share $ 0.94 $ 1.02 $ 1.59 $ 1.78

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Information of Information about Operating Segments	The tables below present information about the Company's operating segments. External Sales External Sales Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 777 $ 890 $ 1,648 $ 1,678 European Beverage 330 410 676 749 European Food 499 483 901 906 Asia Pacific 270 319 571 640 Transit Packaging 462 592 984 1,161 Total reportable segments 2,338 2,694 4,780 5,134 Non-reportable segments 351 341 666 656 Total $ 2,689 $ 3,035 $ 5,446 $ 5,790 The primary sources of revenue included in non-reportable segments are the Company's food can and closures business in North America, aerosol can businesses in North America and Europe, its promotional packaging business in Europe, and its tooling and equipment operations in the U.S. and U.K. Intersegment Sales Intersegment Sales Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 61 $ 2 $ 67 $ 6 European Beverage 1 1 2 2 European Food 22 22 43 40 Transit Packaging 3 1 7 4 Total reportable segments 87 26 119 52 Non-reportable segments 38 40 67 66 Total $ 125 $ 66 $ 186 $ 118 Intersegment sales primarily include sales of ends and components used to manufacture cans, such as printed and coated metal, as well as parts and equipment used in the manufacturing process. Segment Income Segment Income Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Americas Beverage $ 129 $ 139 $ 263 $ 252 European Beverage 37 60 76 99 European Food 68 62 101 110 Asia Pacific 39 51 84 96 Transit Packaging 51 80 117 153 Total reportable segments $ 324 $ 392 $ 641 $ 710
Reconciliation of Segment Income	A reconciliation of segment income of reportable segments to income before income taxes is as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Segment income of reportable segments $ 324 $ 392 $ 641 $ 710 Segment income of non-reportable segments 31 33 50 69 Corporate and unallocated items (33) (39) (71) (78) Restructuring and other (3) 45 (10) 41 Amortization of intangibles (44) (47) (89) (94) Accelerated depreciation — (1) — (3) Other pension and postretirement (13) (29) (44) (11) Loss from early extinguishments of debt — — — (6) Interest expense (76) (97) (156) (195) Interest income 1 4 5 7 Foreign exchange 5 (1) 17 (2) Income before income taxes $ 192 $ 260 $ 343 $ 438

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Restricted Cash [Abstract]
Cash and cash equivalents	$ 366	$ 607
Restricted cash included in prepaid expenses and other current assets	60	50
Restricted cash included in other non-current assets	1	6
Total restricted cash	61	56
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 427	$ 663	$ 397	$ 659

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Accounts receivable	$ 1,194	$ 1,162
Less: allowance for credit losses	(64)	(62)
Net trade receivables	1,130	1,100
Unbilled receivables	254	226
Miscellaneous receivables	220	202
Receivables, net	$ 1,604	$ 1,528

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory, Gross [Abstract]
Raw materials and supplies	$ 978	$ 905
Work in process	164	151
Finished goods	605	570
Total inventories	$ 1,747	$ 1,626

Intangible Assets Gross Carryin

Intangible Assets Gross Carrying Amount and Accumulated Amortization of Finite-lived Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross	$ 2,410	$ 2,484
Accumulated amortization	(538)	(469)
Net	1,872	2,015
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	1,573	1,621
Accumulated amortization	(385)	(331)
Net	1,188	1,290
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross	541	541
Accumulated amortization	(51)	(40)
Net	490	501
Technology
Finite-Lived Intangible Assets [Line Items]
Gross	158	158
Accumulated amortization	(53)	(41)
Net	105	117
Long term supply contracts
Finite-Lived Intangible Assets [Line Items]
Gross	123	150
Accumulated amortization	(40)	(48)
Net	83	102
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	15	14
Accumulated amortization	(9)	(9)
Net	$ 6	$ 5

Intangible Assets Narrative (De

Intangible Assets Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 44	$ 47	$ 89	$ 94

Restructuring and Other - Restr

Restructuring and Other - Restructuring Charges by Action/Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Reserve [Abstract]
Asset impairments and sales	$ 0	$ (9)	$ 1	$ (5)
Restructuring	3	5	6	14
Other Restructuring Costs	0	(41)	3	(50)
Restructuring and other	$ 3	$ (45)	$ 10	$ (41)

Restructuring and Other - Narra

Restructuring and Other - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$ 0	$ (9)	$ 1	$ (5)
Restructuring accrual	$ 15		$ 15
Asia Pacific
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Sale of Assets and Asset Impairment Charges				6
Headcount Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring Costs				$ 8

Asbestos-Related Liabilities -

Asbestos-Related Liabilities - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)inactive_claim	Dec. 31, 2019
Liability for Asbestos and Environmental Claims [Abstract]
Holding period for insulation operations (in days)	90 days
Liability for asbestos and environmental claims net claims paid	$ 5
Inactive claims (in claims) | inactive_claim	19,000
Accrued asbestos claims and related legal costs	$ 264
Unasserted claims	$ 221
Percentage of claims that do not specify damages		81.00%

Asbestos-Related Liabilities _2

Asbestos-Related Liabilities - Summary of Claims Activity (Details)	6 Months Ended
	Jun. 30, 2020Claim
Loss Contingency Accrual [Roll Forward]
Beginning claims	56,000
New claims	700
Settlements or dismissals	(700)
Ending claims	56,000

Asbestos-Related Liabilities _3

Asbestos-Related Liabilities - Summary of Outstanding Claims by Year of Exposure and State Filed (Details) - Claim	Jun. 30, 2020	Dec. 31, 2019
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding	56,000	56,000
Asbestos After 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		16,500
Texas | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		13,000
Pennsylvania | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		1,500
Other states that have enacted asbestos legislation | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		6,000
Other states | Asbestos Before Or During 1964
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims outstanding		19,000

Asbestos-Related Liabilities _4

Asbestos-Related Liabilities - Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases (Details)	Dec. 31, 2019	Dec. 31, 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims alleging serious diseases	22.00%	22.00%
Pre-1964 claims in states without asbestos legislation
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims alleging serious diseases	41.00%	41.00%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2017
PRP site
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	$ 8
Non- PRP sites
Commitments And Contingent Liabilities [Line Items]
Estimated future remediation costs	7
Penalty Notification Alleging Misclassification of Importation of Certain Goods into U.S. During 2004-2009 | U.S. Customs and Border Protection (CBP)
Commitments And Contingent Liabilities [Line Items]
Assessed penalty	$ 6	$ 18

Derivative and Other Financia_3

Derivative and Other Financial Instruments - Narrative (Details) € in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2020EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Objective for using derivative instruments			The Company’s objective in managing exposure to market and interest rate risk is to limit the impact on earnings and cash flow.
Loss expected to be reclassified to earnings			$ 22,000,000
Loss, net of tax, expected to be reclassified to earnings			18,000,000
Reclassification of anticipated transactions that were no longer considered probable			0	$ 0
Derivatives designated as net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of hedged net investment	$ 1,161,000,000		1,161,000,000			€ 1,303
Derivatives designated as net investment hedges | Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Loss on net investment hedge settlements			32,000,000		$ 32,000,000
Loss on net investment hedge settlements, net of tax			9,000,000		9,000,000
Derivatives designated as net investment hedges | Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Loss on net investment hedge settlements	26,000,000	$ 19,000,000	1,000,000	(9,000,000)
Loss on net investment hedge settlements, net of tax	26,000,000	19,000,000	1,000,000	9,000,000
Designated as Hedging Instrument | Derivatives in fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative amount of fair value hedging adjustment included in the carrying about of the hedged assets	2,000,000		2,000,000		$ (2,000,000)
Designated as Hedging Instrument | Derivatives in fair value hedges | Foreign exchange
Derivative Instruments, Gain (Loss) [Line Items]
Losses from foreign exchange contracts designated as fair value hedges (less than)	$ 2,000,000	$ 2,000,000	$ 1,000,000	$ 1,000,000
Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, remaining maturity range			1 month
Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, remaining maturity range			29 months

Derivative and Other Financia_4

Derivative and Other Financial Instruments - Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	$ 2,689		$ 3,035		$ 5,446	$ 5,790
Cost of products sold	2,155		2,417		4,375	4,627
Income Tax Expense (Benefit)	(53)		(88)		(91)	(136)
Net income	141	$ 114	174	$ 131	255	305
Designated as Hedging Instrument | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	4		(16)		(35)	(10)
Designated as Hedging Instrument | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) reclassified from AOCI into earnings, before tax	(24)		(9)		(33)	(17)
Income Tax Expense (Benefit)	7		2		9	4
Net income	(17)		(7)		(24)	(13)
Designated as Hedging Instrument | Foreign exchange | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	2		2		3	(2)
Designated as Hedging Instrument | Foreign exchange | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	(2)		0		(3)	(1)
Cost of products sold	1		(1)		0	(1)
Designated as Hedging Instrument | Interest Rate Swap | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	0		0		(1)	0
Designated as Hedging Instrument | Commodities | Derivatives in cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain/(loss) recognized in AOCI (effective portion)	2		(18)		(37)	(8)
Designated as Hedging Instrument | Commodities | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	7		3		10	6
Cost of products sold	$ (30)		$ (11)		$ (40)	$ (21)

Derivative and Other Financia_5

Derivative and Other Financial Instruments - Fair Value Hedges and Contracts Not Designated as Hedges (Details) - Derivatives not designated as hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	$ 1	$ 4	$ 7	$ (11)
Net sales | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	1	0	0	(1)
Cost of products sold | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	0	0	1	1
Foreign exchange | Foreign exchange
Derivative [Line Items]
Gain (loss) on derivative instruments, net, pretax	$ 0	$ 4	$ 6	$ (11)

Derivative and Other Financia_6

Derivative and Other Financial Instruments - Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivatives designated as net investment hedges | Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Amount of gain/(loss) recognized in AOCI	$ (22)	$ (7)	$ 39	$ 7

Derivative and Other Financia_7

Derivative and Other Financial Instruments - Fair Values of Derivative Instruments and Valuation Hierarchy (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative assets
Total	$ 146	$ 83
Derivative liabilities
Total	63	49
Fair Value, Inputs, Level 2
Derivative assets
Total	146	83
Derivative liabilities
Total	63	49
Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	12	7
Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	8	5
Fair Value, Inputs, Level 2 | Other non-current assets | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	1	2
Fair Value, Inputs, Level 2 | Other non-current liabilities | Foreign exchange | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	1	1
Fair Value, Inputs, Level 2 | Other assets | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	133	74
Fair Value, Inputs, Level 2 | Other assets | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	13	9
Fair Value, Inputs, Level 2 | Other liabilities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	54	43
Fair Value, Inputs, Level 2 | Other liabilities | Derivatives not designated as hedges
Derivative assets
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	9	6
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	9	10
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other current assets | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	13	11
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	8	15
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Accrued liabilities | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	37	21
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	1	1
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current assets | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	3	0
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current assets | Interest Rate Contract [Member] | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	0	0
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	0	1
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current liabilities | Commodities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges, Commodities	2	0
Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 | Other non-current liabilities | Interest Rate Contract [Member] | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	3	1
Derivatives in fair value hedges | Accrued liabilities | Designated as Hedging Instrument
Derivative liabilities
Derivatives designated as hedges, Foreign exchange	75	83
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Other current assets | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	4	1
Derivatives in fair value hedges | Fair Value, Inputs, Level 2 | Accrued liabilities | Foreign exchange | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	2	3
Derivatives designated as net investment hedges | Fair Value, Inputs, Level 2 | Other non-current assets | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	103	51
Derivatives designated as net investment hedges | Fair Value, Inputs, Level 2 | Other non-current liabilities | Designated as Hedging Instrument
Derivative assets
Derivatives designated as hedges	$ 2	$ 2

Derivative and Other Financia_8

Derivative and Other Financial Instruments - Fair Value Hedge Carrying Amounts (Details) - Derivatives in fair value hedges - Designated as Hedging Instrument - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Receivables, net
Derivative [Line Items]
Carrying amount of hedged assets	$ 12	$ 12
Accrued liabilities
Derivative [Line Items]
Accounts payable	$ (75)	$ (83)

Derivative and Other Financia_9

Derivative and Other Financial Instruments - Offsetting of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts Recognized in the Balance Sheet, Derivative Assets	$ 146	$ 83
Gross Amounts Not Offset in the Balance Sheet, Derivative Assets	18	16
Net Amount, Derivative Assets	128	67
Gross Amounts Recognized in the Balance Sheet, Derivative Liabilities	63	49
Gross Amounts Not Offset in the Balance Sheet, Derivative Liabilities	18	16
Net Amount, Derivative Liabilities	$ 45	$ 33

Derivative and Other Financi_10

Derivative and Other Financial Instruments - Notional Values of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Foreign exchange | Derivatives not designated as hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 929	$ 1,017
Foreign exchange | Derivatives in cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	615	1,030
Foreign exchange | Derivatives in fair value hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	142	142
Foreign exchange | Derivatives designated as net investment hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	1,075	1,075
Commodities | Derivatives in cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	347	334
Interest Rate Swap | Derivatives in cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 200	$ 200

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020EUR (€)	Jun. 30, 2020USD ($)	Dec. 31, 2019EUR (€)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Short-term debt		$ 131		$ 75
Principal outstanding
Total long-term debt		8,128		7,944
Less: current maturities		(72)		(62)
Total long-term debt, less current maturities		8,056		7,882
Carrying amount
Total long-term debt		8,071		7,880
Less: current maturities		(72)		(62)
Total long-term debt, less current maturities		7,999		7,818
Senior Secured Borrowings | U.S. Dollar at LIBOR Plus One Point Five Due Two Thousand Twenty Four [Member]
Principal outstanding
Total long-term debt		1,086		1,100
Carrying amount
Total long-term debt		1,079		1,094
Senior Secured Borrowings | Euro at EURIBOR Plus One Point Five Percentage Due Two Thousand and Twenty Four [Member]
Principal outstanding
Total long-term debt		499		505
Carrying amount
Total long-term debt		499		504
Debt, face amount | €	€ 444,000,000		€ 450,000,000
Senior Notes and Debentures | €650 at 4.0% due 2022
Principal outstanding
Total long-term debt		730		729
Carrying amount
Total long-term debt		$ 727		725
Debt, face amount | €	€ 650,000,000
Debt instrument stated percentage	4.00%	4.00%
Senior Notes and Debentures | U. S. dollar at 4.50% due 2023
Principal outstanding
Total long-term debt		$ 1,000		1,000
Carrying amount
Total long-term debt		$ 996		995
Debt instrument stated percentage	4.50%	4.50%
Senior Notes and Debentures | €335 at 2.250% due 2023
Principal outstanding
Total long-term debt		$ 376		376
Carrying amount
Total long-term debt		$ 372		372
Debt, face amount | €	€ 335,000,000
Debt instrument stated percentage	2.25%	2.25%
Senior Notes and Debentures | Euro .75% due 2023 [Member]
Principal outstanding
Total long-term debt		$ 618		617
Carrying amount
Total long-term debt		$ 613		610
Debt, face amount | €	€ 500,000,000
Debt instrument stated percentage	0.75%	0.75%
Senior Notes and Debentures | €600 at 2.625% due 2024
Principal outstanding
Total long-term debt		$ 674		673
Carrying amount
Total long-term debt		$ 670		668
Debt, face amount | €	€ 600,000,000
Debt instrument stated percentage	2.625%	2.625%
Senior Notes and Debentures | €600 at 3.375% due 2025
Principal outstanding
Total long-term debt		$ 674		673
Carrying amount
Total long-term debt		$ 669		667
Debt, face amount | €	€ 600,000,000
Debt instrument stated percentage	3.375%	3.375%
Senior Notes and Debentures | U.S. dollar at 4.25% due 2026
Principal outstanding
Total long-term debt		$ 400		400
Carrying amount
Total long-term debt		$ 395		395
Debt instrument stated percentage	4.25%	4.25%
Senior Notes and Debentures | U.S. dollar at 4.75% due 2026
Principal outstanding
Total long-term debt		$ 875		875
Carrying amount
Total long-term debt		$ 864		863
Debt instrument stated percentage	4.75%	4.75%
Senior Notes and Debentures | U.S. dollar at 7.375% due 2026
Principal outstanding
Total long-term debt		$ 350		350
Carrying amount
Total long-term debt		$ 348		348
Debt instrument stated percentage	7.375%	7.375%
Senior Notes and Debentures | €500 at 2.875% due 2026
Principal outstanding
Total long-term debt		$ 561		561
Carrying amount
Total long-term debt		$ 554		554
Debt, face amount | €	€ 500,000,000
Debt instrument stated percentage	2.875%	2.875%
Senior Notes and Debentures | U.S. dollar at 7.50% due 2096
Principal outstanding
Total long-term debt		$ 40		40
Carrying amount
Total long-term debt		$ 40		40
Debt instrument stated percentage	7.50%	7.50%
Other Indebtedness, Fixed Rate
Principal outstanding
Total long-term debt		$ 124		45
Carrying amount
Total long-term debt		124		45
Revolving Credit Facility | Line of Credit
Principal outstanding
Total long-term debt		121		0
Carrying amount
Total long-term debt		$ 121		$ 0
LIBOR | Senior Secured Borrowings | U.S. Dollar at LIBOR Plus One Point Five Due Two Thousand Twenty Four [Member]
Carrying amount
Basis spread on variable rate (as a percent)	1.50%
EURIBOR | Senior Secured Borrowings | Euro at EURIBOR Plus One Point Five Percentage Due Two Thousand and Twenty Four [Member]
Carrying amount
Basis spread on variable rate (as a percent)	1.50%

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions	Jun. 30, 2020EUR (€)	Jun. 30, 2020USD ($)	Dec. 31, 2019EUR (€)	Dec. 31, 2019USD ($)
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt, fair value | $		$ 8,390		$ 8,410
Senior Notes | Euro .75% due 2023 [Member]
Debt Instrument [Line Items]
Debt, face amount	€ 500,000,000
Debt instrument stated percentage	0.75%	0.75%
Senior Secured Borrowings | Euro at EURIBOR Plus One Point Five Percentage Due Two Thousand and Twenty Four [Member]
Debt Instrument [Line Items]
Debt, face amount	€ 444,000,000		€ 450,000,000

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 1	$ 1	$ 2	$ 2
Recognized prior service credit	(7)	(8)	(13)	(17)
Recognized net loss	1	1	2	2
Net periodic cost (benefit)	(5)	(6)	(9)	(13)
U.S. | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	3	10	8
Interest cost	9	13	19	26
Expected return on plan assets	(19)	(17)	(37)	(35)
Recognized net loss	14	14	28	28
Net periodic cost (benefit)	9	13	20	27
Pension Benefits - Non-U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	4	6	8
Interest cost	13	20	27	39
Expected return on plan assets	(22)	(34)	(53)	(69)
Pension settlements and curtailments	0	0	0	(14)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	19	31	56	31
Recognized prior service credit		(1)		(1)
Recognized net loss	4	9	13	19
Net periodic cost (benefit)	$ 17	$ 29	$ 49	$ 13

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits Amounts reclassified from accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before income taxes	$ 192		$ 260		$ 343	$ 438
Income Tax Expense (Benefit)	(53)		(88)		(91)	(136)
Net income	141	$ 114	174	$ 131	255	305
Reclassification out of Accumulated Other Comprehensive Income | Defined benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Actuarial losses	19		24		43	49
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	19		31		56	31
Prior service credit	(7)		(9)		(13)	(18)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	0		0		0	(14)
Income before income taxes	31		46		86	48
Income Tax Expense (Benefit)	(3)		(7)		(7)	(8)
Net income	$ 28		$ 39		$ 79	$ 40

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Components (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (3,131)	$ (3,374)
Other comprehensive income / (loss) before reclassifications	(173)	47
Amounts reclassified from accumulated other comprehensive income	103	53
Other comprehensive income	(70)	100
Balance at end of period	(3,201)	(3,274)
Defined benefit plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,449)	(1,533)
Other comprehensive income / (loss) before reclassifications	158	7
Amounts reclassified from accumulated other comprehensive income	79	40
Other comprehensive income	237	47
Balance at end of period	(1,212)	(1,486)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1,668)	(1,817)
Other comprehensive income / (loss) before reclassifications	(296)	50
Amounts reclassified from accumulated other comprehensive income	0	0
Other comprehensive income	(296)	50
Balance at end of period	(1,964)	(1,767)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(14)	(24)
Other comprehensive income / (loss) before reclassifications	(35)	(10)
Amounts reclassified from accumulated other comprehensive income	24	13
Other comprehensive income	(11)	3
Balance at end of period	$ (25)	$ (21)

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Transactions) (Details)	6 Months Ended
	Jun. 30, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested stock awards outstanding at beginning of period (in shares)	2,102,654
Nonvested stock awards outstanding at end of period (in shares)	2,156,936
Time-vesting shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	275,173
Released (in shares)	(140,987)
Forfeitures (in shares)	(56,566)
Performance-based shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awarded (in shares)	166,018
Released (in shares)	(181,705)
Forfeitures (in shares)	(7,651)

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 74
Cost expected to be recognized, weighted average period (in years)	2 years 11 months 1 day
Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for shares awarded (in years)	3 years
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 72.08
Weighted average stock price volatility	22.00%
Expected term (in years)	3 years
Risk free interest rate	1.60%
Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value (in dollars per share) | $ / shares	$ 69.71
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate market value of shares released and issued | $	$ 22
Minimum | Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for shares awarded (in years)	3 years
Maximum | Time Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for shares awarded (in years)	5 years
Performance Metric, Market Conditions, Total shareholder Returns | Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance metric, term of award period	3 years
Cliff vesting period	3 years
Level of market performance achieved based on shares awarded, minimum (as a percent)	0.00%
Level of market performance achieved based on shares awarded, maximum (as a percent)	200.00%
Performance Metric, Average Return on Invested Capital | Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance metric, term of award period	3 years
Cliff vesting period	3 years
Level of market performance achieved based on shares awarded, minimum (as a percent)	0.00%
Level of market performance achieved based on shares awarded, maximum (as a percent)	200.00%

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 2,689	$ 3,035	$ 5,446	$ 5,790
Over time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,439	1,496	2,914	2,861
Point in time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 1,250	$ 1,539	$ 2,532	$ 2,929

Revenue - Contract Assets and L

Revenue - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract assets included in prepaid and other current assets	$ 52	$ 30
Contract liabilities included in accrued liabilities	(3)	(5)
Net contract asset	49	$ 25
Revenue recognized related to contract liabilities	$ 2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income attributable to Crown Holdings	$ 126	$ 137	$ 214	$ 240
Weighted average shares outstanding:
Basic (in shares)	133.3	133.9	133.7	133.8
Add: dilutive stock options and restricted stock (in shares)	0.7	0.9	0.8	0.8
Diluted (in shares)	134	134.8	134.5	134.6
Basic earnings per share (in usd per share)	$ 0.95	$ 1.02	$ 1.60	$ 1.79
Diluted earnings per share (in usd per share)	$ 0.94	$ 1.02	$ 1.59	$ 1.78
Value of shares excluded from the computation of diluted earnings per share	0.3	0.2	0.7	0.4

Segment Information - Informati

Segment Information - Information about Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Income from operations	$ 275	$ 383	$ 521	$ 645
Net sales	2,689	3,035	5,446	5,790
Operating Segments
Segment Reporting Information [Line Items]
Income from operations	324	392	641	710
Net sales	2,338	2,694	4,780	5,134
Operating Segments | Americas Beverage
Segment Reporting Information [Line Items]
Income from operations	129	139	263	252
Net sales	777	890	1,648	1,678
Operating Segments | European Beverage
Segment Reporting Information [Line Items]
Income from operations	37	60	76	99
Net sales	330	410	676	749
Operating Segments | European Food
Segment Reporting Information [Line Items]
Income from operations	68	62	101	110
Net sales	499	483	901	906
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Income from operations	39	51	84	96
Net sales	270	319	571	640
Operating Segments | Transit Packaging [Member]
Segment Reporting Information [Line Items]
Income from operations	51	80	117	153
Net sales	462	592	984	1,161
Segment Reconciling Items | Non-reportable segments
Segment Reporting Information [Line Items]
Income from operations	31	33	50	69
Net sales	351	341	666	656
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	125	66	186	118
Intersegment Eliminations | Americas Beverage
Segment Reporting Information [Line Items]
Net sales	61	2	67	6
Intersegment Eliminations | European Beverage
Segment Reporting Information [Line Items]
Net sales	1	1	2	2
Intersegment Eliminations | European Food
Segment Reporting Information [Line Items]
Net sales	22	22	43	40
Intersegment Eliminations | Transit Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	3	1	7	4
Intersegment Eliminations | Non-reportable segments
Segment Reporting Information [Line Items]
Net sales	38	40	67	66
Intersegment Eliminations | Operating Segments
Segment Reporting Information [Line Items]
Net sales	$ 87	$ 26	$ 119	$ 52

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Intercompany profit eliminated	$ 5	$ 3	$ 5	$ 4
Non-reportable segments
Segment Reporting Information [Line Items]
Segment description			The primary sources of revenue included in non-reportable segments are the Company's food can and closures business in North America, aerosol can businesses in North America and Europe, its promotional packaging business in Europe, and its tooling and equipment operations in the U.S. and U.K.

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	$ 275	$ 383	$ 521	$ 645
Restructuring and other	(3)	45	(10)	41
Amortization of intangibles	(44)	(47)	(89)	(94)
Other pension and postretirement	(13)	(29)	(44)	(11)
Interest expense	(76)	(97)	(156)	(195)
Interest income	1	4	5	7
Foreign exchange	5	(1)	17	(2)
Income before income taxes	192	260	343	438
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	324	392	641	710
Operating Segments | Americas Beverage
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	129	139	263	252
Operating Segments | European Beverage
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	37	60	76	99
Operating Segments | European Food
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	68	62	101	110
Operating Segments | Asia Pacific
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	39	51	84	96
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Restructuring and other	(3)	45	(10)	41
Amortization of intangibles	(44)	(47)	(89)	(94)
Restructuring and Related Cost, Accelerated Depreciation	0	(1)	0	(3)
Other pension and postretirement	(13)	(29)	(44)	(11)
Loss from early extinguishments of debt	0	0	0	(6)
Interest expense	(76)	(97)	(156)	(195)
Interest income	1	4	5	7
Foreign exchange	5	(1)	17	(2)
Segment Reconciling Items | Non-reportable segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	31	33	50	69
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Corporate and unallocated items	$ (33)	$ (39)	$ (71)	$ (78)