O-I Glass (OI) 10-K 8 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Cover
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Entity File Number	1-9576
Entity Registrant Name	O-I GLASS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2781933
Entity Address, Address Line One	One Michael Owens Way
Entity Address, City or Town	Perrysburg
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43551
City Area Code	567
Local Phone Number	336-5000
Title of 12(b) Security	Common Stock, $.01 par value
Security Exchange Name	NYSE
Trading Symbol	OI
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
ICFR Auditor Attestation Flag	true
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,294,423,000
Entity Common Stock, Shares Outstanding		154,358,988
Entity Central Index Key	0000812074
Amendment Flag	false
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Toledo, Ohio

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED RESULTS OF OPERATIONS
Net sales	$ 6,856	$ 6,357	$ 6,091
Revenue, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ (5,643)	$ (5,266)	$ (5,119)
Gross profit	1,213	1,091	972
Selling and administrative expense	(496)	(433)	(403)
Research, development and engineering expense	(79)	(82)	(75)
Interest expense, net	(239)	(216)	(265)
Equity earnings	107	90	37
Other income (expense), net	299	(118)	87
Earnings from continuing operations before income taxes	805	332	353
Provision for income taxes	(178)	(167)	(89)
Earnings from continuing operations	627	165	264
Gain from discontinued operations		7
Net earnings	627	172	264
Net earnings attributable to non-controlling interests	(43)	(23)	(15)
Net earnings attributable to the Company	584	149	249
Amounts attributable to the Company:
Earnings from continuing operations	584	142	249
Gain from discontinued operations		7
Net earnings attributable to the Company	$ 584	$ 149	$ 249
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 3.76	$ 0.90	$ 1.59
Gain from discontinued operations (in dollars per share)		0.05
Net earnings (in dollars per share)	3.76	0.95	1.59
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	3.67	0.88	1.57
Gain from discontinued operations (in dollars per share)		0.05
Net earnings (in dollars per share)	$ 3.67	$ 0.93	1.57
Dividends declared per common share			$ 0.05

CONSOLIDATED COMPREHENSIVE INCO

CONSOLIDATED COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED COMPREHENSIVE INCOME (LOSS)
Net earnings	$ 627	$ 172	$ 264
Other comprehensive income (loss):
Foreign currency translation adjustments	(2)	(66)	(416)
Pension and other postretirement benefit adjustments, net of tax	76	322	33
Change in fair value of derivative instruments, net of tax	25	39	(46)
Other comprehensive income (loss)	99	295	(429)
Total comprehensive income (loss)	726	467	(165)
Comprehensive income attributable to non-controlling interests	(31)	(18)	(15)
Comprehensive income (loss) attributable to the Company	$ 695	$ 449	$ (180)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 773	$ 725
Trade receivables, net of allowances of $28 million and $28 million at December 31, 2022 and 2021, respectively	760	692
Inventories	848	816
Prepaid expenses and other current assets	222	237
Assets held for sale		49
Total current assets	2,603	2,519
Other assets:
Equity investments	695	643
Pension assets	60	150
Other assets	666	577
Intangibles, net	262	286
Goodwill	1,813	1,840
Total other assets	3,496	3,496
Property, plant and equipment:
Land, at cost	217	237
Buildings and equipment, at cost:
Buildings and building equipment	1,102	1,134
Factory machinery and equipment	5,157	5,112
Transportation, office and miscellaneous equipment	71	72
Construction in progress	556	300
Property, plant and equipment, at cost	7,103	6,855
Less accumulated depreciation	4,141	4,038
Net property, plant and equipment	2,962	2,817
Total assets	9,061	8,832
Current liabilities:
Accounts payable	1,355	1,210
Salaries and wages	181	165
U.S. and foreign income taxes	77	41
Other accrued liabilities	399	345
Short-term loans	45	34
Long-term debt due within one year	300	38
Liabilities held for sale		13
Total current liabilities	2,357	1,846
Long-term debt	4,371	4,753
Deferred taxes	84	102
Pension benefits	225	284
Nonpension postretirement benefits	63	106
Other liabilities	433	289
Paddock Support Agreement		625
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 185,567,871 and 187,752,045 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,079	3,090
Treasury stock, at cost, 30,879,776 and 31,396,951 shares, respectively	(688)	(701)
Retained earnings	885	301
Accumulated other comprehensive loss	(1,861)	(1,972)
Total share owners' equity of the Company	1,417	720
Noncontrolling interests	111	107
Total share owners' equity	1,528	827
Total liabilities and share owners' equity	$ 9,061	$ 8,832

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Trade receivables allowance	$ 28	$ 28
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	185,567,871	187,752,045
Treasury shares	30,879,776	31,396,951

CONSOLIDATED SHARE OWNERS' EQUI

CONSOLIDATED SHARE OWNERS' EQUITY - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock
Increase (Decrease) in Share Owners' Equity
Balance	$ 2	$ 2	$ 2
Balance	2	2	2
Capital in Excess of Par Value
Increase (Decrease) in Share Owners' Equity
Balance	3,090	3,129	3,130
Issuance of common stock	2	1
Reissuance of common stock	(6)	(6)	(12)
Shares repurchased	(40)	(40)
Stock compensation	33	8	11
Other		(2)
Balance	3,079	3,090	3,129
Treasury Stock
Increase (Decrease) in Share Owners' Equity
Balance	(701)	(714)	(733)
Reissuance of common stock	16	15	21
Other	(3)	(2)	(2)
Balance	(688)	(701)	(714)
Retained Earnings (accumulated deficit)
Increase (Decrease) in Share Owners' Equity
Balance	301	152	(89)
Dividends declared			(8)
Net earnings	584	149	249
Balance	885	301	152
Accumulated Other Comprehensive Loss.
Increase (Decrease) in Share Owners' Equity
Balance	(1,972)	(2,272)	(1,843)
Other comprehensive income (loss)	111	300	(429)
Balance	(1,861)	(1,972)	(2,272)
Non-controlling Interests
Increase (Decrease) in Share Owners' Equity
Balance	107	104	97
Net earnings	43	23	15
Other comprehensive income (loss)	(12)	(5)
Distributions to noncontrolling interests	(27)	(16)	(8)
Other		1
Balance	111	107	104
Balance	827	401	564
Issuance of common stock	2	1
Reissuance of common stock	10	9	9
Shares repurchased	(40)	(40)
Stock compensation	33	8	11
Dividends declared			(8)
Net earnings	627	172	264
Other comprehensive income (loss)	99	295	(429)
Distributions to noncontrolling interests	(27)	(16)	(8)
Other	(3)	(3)	(2)
Balance	$ 1,528	$ 827	$ 401

CONSOLIDATED SHARE OWNERS' EQ_2

CONSOLIDATED SHARE OWNERS' EQUITY (Parenthetical) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED SHARE OWNERS' EQUITY
Issuance of common stock (in shares)	80	50
Reissuance of common stock (in shares)	700	700	900
Stock compensation shares issued (in shares)	500	600	900
Shares repurchased (in shares)	3,000	2,300
Dividends declared per common share			$ 0.05

CONSOLIDATED CASH FLOWS

CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net earnings	$ 627	$ 172	$ 264
Gain from discontinued operations		(7)
Non-cash charges (credits):
Depreciation	352	356	369
Amortization of intangibles and other deferred items	102	93	99
Amortization of finance fees and debt discount	11	14	14
Deferred tax provision (benefit)	22	5	(5)
Pension expense	34	32	38
Restructuring, asset impairment and related charges	50	28	96
Pension settlement charges	20	74	26
Gain on sale of ANZ businesses			(275)
Charge related to Paddock support agreement liability		154
Brazil indirect tax credit		(71)
Other asset impairments			36
Gain on sale of divested businesses and miscellaneous assets	(55)	(84)
Gain on sale leasebacks	(334)
Pension contributions	(26)	(84)	(103)
Cash paid for restructuring activities	(20)	(30)	(37)
Paddock Trust settlement payment and related expenses	(621)
Change in components of working capital (See Note 20)	95	(13)	(181)
Other, net	(103)	41	116
Cash provided by continuing operating activities	154	680	457
Cash provided by discontinued operating activities		7
Cash provided by operating activities	154	687	457
Investing activities:
Cash payments for property, plant and equipment	(539)	(398)	(311)
Contributions and advances to joint ventures	(12)
Cash proceeds on disposal of other businesses and misc. assets	98	122	10
Cash proceeds on sale leasebacks	368
Cash proceeds on sale of ANZ businesses, net of transaction costs		58	441
Deconsolidation of Paddock			(47)
Reconsolidation of reorganized Paddock	12
Net cash proceeds (payments) for hedging activity	(24)	(2)
Cash provided by (utilized in) investing activities	(97)	(220)	93
Financing activities:
Additions to long-term debt	2,852	1,021	1,845
Repayments of long-term debt	(2,897)	(1,188)	(2,460)
Increase (decrease) in short-term loans	16	(17)	(15)
Payment of finance fees	(29)	(16)	(51)
Dividends paid			(8)
Net cash proceeds (payments) for hedging activity	133	(15)	(8)
Distributions paid to noncontrolling interests	(27)	(16)	(12)
Shares repurchased	(40)	(40)
Sale leaseback proceeds in conjunction with ANZ sale			155
Issuance of common stock and other	(2)	(2)	(3)
Cash provided by (utilized in) financing activities	6	(273)	(557)
Effect of exchange rate fluctuations on cash	(15)	(29)	19
Increase in cash including cash classified within current assets held for sale	48	165	12
Less: decrease in cash classified within current assets held for sale		(3)
Cash and cash equivalents at beginning of period	725	563	551
Cash and cash equivalents at end of period	$ 773	$ 725	$ 563

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies
Significant Accounting Policies	1. Significant Accounting Poli Basis of Consolidated Statements The Consolidated Financial Statements of the Company (as defined below) include the accounts of its subsidiaries. Newly acquired subsidiaries have been included in the Consolidated Financial Statements from dates of acquisition. The Company uses the equity method of accounting for investments in which it has a significant influence and generally an ownership interest of 20% to 50% . The Company monitors other than temporary declines in fair value and records reductions in carrying values when appropriate. Nature of Operations The Company is a leading manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company has glass container operations located in countries. The principal markets and operations for the Company’s products are in the Americas and Europe. The term “Company,” as used herein and unless otherwise stated or indicated by context, refers to Owens-Illinois, Inc. (“O-I”) prior to the Corporate Modernization (as defined below) and to O-I Glass, Inc. (“O-I Glass”) after the Corporate Modernization. On December 26 and 27, 2019, the Company implemented the Corporate Modernization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 26, 2019, among O-I, O-I Glass and Paddock Enterprises, LLC (“Paddock”). The Corporate Modernization was conducted pursuant to Section 251(g) of the General Corporation Law of the State of Delaware, which permits the creation of a holding company through a merger with a direct or indirect wholly owned subsidiary of the constituent corporation without stockholder approval. The Corporate Modernization involved a series of transactions (together with certain related transactions, the “Corporate Modernization”) pursuant to which (1) O-I formed a new holding company, O-I Glass, as a direct wholly owned subsidiary of O-I and a sister company to Owens-Illinois Group, Inc. (“O-I Group”), (2) O-I Glass formed a new Delaware limited liability company, Paddock, as a direct wholly owned subsidiary of O-I Glass, (3) O-I merged with and into Paddock, with Paddock continuing as the surviving entity and as a direct wholly owned subsidiary of O-I Glass (the “Merger”) and (4) Paddock distributed Upon the effectiveness of the Merger, each share of O-I stock held immediately prior to the Merger automatically converted into a right to receive an equivalent corresponding share of O-I Glass stock, having the same designations, rights, powers and preferences, qualifications, limitations, and restrictions as the corresponding share of O-I stock being converted. Immediately after the Corporate Modernization, O-I Glass had, on a consolidated basis, the same assets, businesses and operations as O-I had immediately prior to the Corporate Modernization. After the Corporate Modernization, O-I’s stockholders became stockholders of O-I Glass. The implementation of the Corporate Modernization was accounted for as a merger under common control. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management of the Company to make estimates and assumptions that affect certain amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates, at which time the Company would revise its estimates accordingly. Foreign Currency Translation The assets and liabilities of non-U.S. subsidiaries are translated into U.S. dollars at year-end exchange rates and their results of operations are converted on an ongoing basis at the monthly average rate. Any related translation adjustments are recorded in accumulated other comprehensive income in share owners’ equity. Revenue Recognition Revenue is recognized at the point in time when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. Shipping and Handling Costs Stock-Based Compensation The Company has various stock-based compensation plans consisting of performance and restricted share awards. Costs resulting from all share-based compensation plans are required to be recognized in the financial statements. A public entity is required to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the required service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the required service. Cash The Company defines “cash” as cash and time deposits with maturities of three months or less when purchased. Outstanding checks in excess of funds on deposit are included in accounts payable. Accounts Receivable Receivables are stated at amounts estimated by management to be the net realizable value. The Company charges off accounts receivable when it becomes apparent based upon age or customer circumstances that amounts will not be collected. Allowance for Doubtful Accounts The allowance for doubtful accounts is established through charges to the provision for bad debts. The Company evaluates the adequacy of the allowance for doubtful accounts on a periodic basis. The evaluation includes historical trends in collections and write-offs, information on current economic conditions and future forecasts and management’s evaluation of business risk. Inventory Valuation Inventories are valued at the lower of cost or net realizable value. Goodwill Goodwill represents the excess of cost over fair value of net assets of businesses acquired. Goodwill is evaluated annually, as of October 1, for impairment or more frequently if an impairment indicator exists, by comparing the estimated fair value of each reporting unit to its carrying value. If the carrying value exceeds the fair value, an impairment charge is recorded in the period of the evaluation based on that difference. Intangible Assets and Other Long-Lived Assets Intangible assets are amortized over the expected useful life of the asset. Amortization expense directly attributed to the manufacturing of the Company’s products is included in cost of goods sold. Amortization expense related to non-manufacturing activities is included in Selling and administrative expense and Other expense, net. The Company evaluates the recoverability of intangible assets and other long-lived assets based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value. Property, Plant and Equipment Property, plant and equipment (“PP&E”) is carried at cost and includes expenditures for new facilities and equipment and those costs which substantially increase the useful lives or capacity of existing PP&E. In general, depreciation is computed using the straight-line method and recorded over the estimated useful life of the asset. Factory machinery and equipment is depreciated over periods ranging from 5 7 . Buildings and building equipment are depreciated over periods ranging from 10 in cost of goods sold. Depreciation expense related to non-manufacturing activities is included in Selling and administrative. Depreciation expense includes the amortization of assets recorded under financing leases. Maintenance and repairs are expensed as incurred. Costs assigned to PP&E of acquired businesses are based on estimated fair values at the date of acquisition. The Company evaluates the recoverability of PP&E based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value. Derivative Instruments The Company uses derivative instruments to manage risks generally associated with foreign exchange rate, interest rate and commodity market volatility. Derivative financial instruments are included on the balance sheet at fair value. The Company does not enter into derivative financial instruments for trading purposes and is not a party to leveraged derivatives. In the consolidated statement of cash flows, the settlement of derivative instruments designated as hedges is typically recorded in the category that is consistent with the nature of the underlying item being hedged. Fair Value Measurements Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Generally accepted accounting principles defines a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs for which there is little or no market data, which requires the Company to develop assumptions. The carrying amounts reported for cash and short-term loans approximate fair value. In addition, carrying amounts approximate fair value for certain long-term debt obligations subject to frequently redetermined interest rates. Fair values for the Company’s significant fixed rate debt obligations are generally based on published market quotations. New Accounting Standards In September 2022, the FASB issued ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. This finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. This ASU is effective for fiscal years beginning after December 15, 2022, except for the amendment on roll forward information which is effective for fiscal years beginning after December 15, 2023. The Company is evaluating the impact of this ASU.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Information
Segment Information	2. Segment Information Historically, the Company had three reportable segments and three operating segments based on its geographic locations: the Americas, Europe and Asia Pacific. These three segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. On July 31, 2020, the Company completed the sale of its Australia and New Zealand (“ANZ”) businesses, which comprised the majority of its businesses in the Asia Pacific region (approximately 85% of net sales in that region for the full year 2019), to Visy Industries Holdings Pty Ltd. (“Visy”). After the sale of the ANZ businesses, the remaining businesses in the Asia Pacific region do not meet the criteria of an individually reportable segment. For the year ended December 31, 2020, the results for the Asia Pacific reportable segment reflect only seven months of the results of the ANZ businesses. For all historical periods discussed in this report, the sales and operating results of the other businesses that historically comprised the Asia Pacific segment, and that have been retained by the Company, have been reclassified to Other sales and Retained corporate costs and other, respectively. For asset reporting purposes, only the assets related to the ANZ businesses have been reported in the Asia Pacific segment, while the other businesses that historically comprised this segment, and that have been retained by the Company, have been reclassified to the Retained corporate costs and other assets line for all periods presented. Certain assets and activities not directly related to one of the regions or to glass manufacturing are reported with Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, certain equity investments and the remaining businesses in the Asia Pacific region that do not meet the criteria of an individually reportable segment after the sale of the ANZ businesses. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Company’s measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings from continuing operations before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations and other adjustments, as well as certain retained corporate costs. The Company’s management uses segment operating profit, in combination with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment operating profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided. Financial information regarding the Company’s reportable segments is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 3,835 ​ $ 3,557 ​ $ 3,322 Europe ​ ​ 2,878 ​ ​ 2,687 ​ ​ 2,364 Asia Pacific ​ ​ ​ ​ ​ 281 Reportable segment totals ​ 6,713 ​ 6,244 ​ 5,967 Other ​ 143 ​ 113 ​ 124 Net sales ​ $ 6,856 ​ $ 6,357 ​ $ 6,091 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Earnings from continuing operations before income taxes ​ $ 805 ​ $ 332 ​ $ 353 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ 232 ​ 171 ​ 145 ​ Gain on sale of divested businesses and miscellaneous assets ​ ​ (55) ​ (84) ​ ​ ​ Gain on sale leasebacks ​ ​ (334) ​ ​ ​ ​ ​ ​ ​ Restructuring, asset impairment and other charges ​ 53 ​ 35 ​ 142 ​ Brazil indirect tax credit ​ ​ ​ ​ ​ (71) ​ ​ ​ ​ Charge related to Paddock support agreement liability ​ ​ ​ ​ ​ 154 ​ ​ ​ ​ Charge for deconsolidation of Paddock ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ Gain on sale of ANZ businesses ​ ​ ​ ​ ​ ​ ​ ​ (275) ​ Strategic transaction and corp. modernization costs ​ ​ ​ ​ ​ ​ ​ ​ 8 ​ Pension settlement charges ​ ​ 20 ​ ​ 74 ​ ​ 26 ​ Interest expense, net ​ ​ 239 ​ ​ 216 ​ ​ 265 ​ Segment operating profit ​ $ 960 ​ $ 827 ​ $ 678 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 472 ​ $ 456 ​ $ 395 ​ Europe ​ 488 ​ 371 ​ 264 ​ Asia Pacific ​ ​ ​ ​ ​ ​ ​ ​ 19 ​ Reportable segment totals ​ $ 960 ​ $ 827 ​ $ 678 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Retained Consoli- ​ ​ ​ ​ ​ ​ ​ Asia ​ Segment ​ Corp Costs ​ dated ​ ​ Americas ​ Europe ​ Pacific ​ Totals ​ and Other ​ Totals Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 5,109 ​ $ 3,392 ​ $ — ​ $ 8,501 ​ $ 560 ​ $ 9,061 ​ 2021 ​ ​ 4,853 ​ ​ 3,513 ​ ​ ​ ​ ​ 8,366 ​ ​ 466 ​ ​ 8,832 ​ 2020 ​ ​ 4,927 ​ ​ 3,507 ​ ​ ​ ​ ​ 8,434 ​ ​ 448 ​ ​ 8,882 ​ Equity investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 488 ​ $ 146 ​ $ — ​ $ 634 ​ $ 61 ​ $ 695 ​ 2021 ​ ​ 458 ​ ​ 121 ​ ​ ​ ​ ​ 579 ​ ​ 64 ​ ​ 643 ​ 2020 ​ ​ 492 ​ ​ 120 ​ ​ ​ ​ ​ 612 ​ ​ 61 ​ ​ 673 ​ Equity earnings (losses): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 64 ​ $ 43 ​ $ — ​ $ 107 ​ $ — ​ $ 107 ​ 2021 ​ ​ 58 ​ ​ 28 ​ ​ ​ ​ ​ 86 ​ ​ 4 ​ ​ 90 ​ 2020 ​ ​ 51 ​ ​ 23 ​ ​ ​ ​ ​ 74 ​ ​ (37) ​ ​ 37 ​ Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 339 ​ $ 192 ​ $ — ​ $ 531 ​ $ 8 ​ $ 539 ​ 2021 ​ ​ 211 ​ ​ 180 ​ ​ ​ ​ ​ 391 ​ ​ 7 ​ ​ 398 ​ 2020 ​ ​ 146 ​ ​ 138 ​ ​ 20 ​ ​ 304 ​ ​ 7 ​ ​ 311 ​ Depreciation and amortization expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 278 ​ $ 152 ​ $ — ​ $ 430 ​ $ 24 ​ $ 454 ​ 2021 ​ ​ 269 ​ ​ 154 ​ ​ ​ ​ ​ 423 ​ ​ 26 ​ ​ 449 ​ 2020 ​ ​ 270 ​ ​ 146 ​ ​ 28 ​ ​ 444 ​ ​ 24 ​ ​ 468 ​ ​ The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Non-U.S. Total 2022 ​ $ 766 ​ $ 2,421 ​ $ 3,187 ​ 2021 ​ 740 ​ ​ 2,193 ​ ​ 2,933 ​ 2020 ​ 751 ​ ​ 2,294 ​ ​ 3,045 ​ ​ The Company’s net sales by geographic region are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Non-U.S. Total 2022 ​ $ 1,941 ​ $ 4,915 ​ $ 6,856 ​ 2021 ​ 1,806 ​ ​ 4,551 ​ ​ 6,357 ​ 2020 ​ 1,791 ​ ​ 4,300 ​ ​ 6,091 ​ ​ Operations outside the U.S. that accounted for 10% or more of consolidated net sales from continuing operations were in France (2022-11%, 2021-12%, 2020-11%), Italy (2022-12%, 2021- 12%, 2020-11%), and Mexico (2022 -13%, 2021- 12%, 2020-11%).

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue
Revenue	3. Revenue Revenue is recognized at a point in time when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Amounts billed to customers related to shipping and handling or other pass-through items are included in net sales in the Consolidated Results of Operations. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Company’s payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment. For the years ended December 31, 2022 and 2021, the Company had no material bad debt expense and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Consolidated Balance Sheet. For the years ended December 31, 2022, 2021 and 2020, revenue recognized from prior periods (for example, due to changes in transaction price) was not material. Consistent with the disclosures in Note 2 related to the ANZ sale, Asia Pacific revenue for the year ended December 31, 2020 reflects only seven months of revenue from the ANZ businesses. The other businesses that comprised the Asia Pacific segment and that have been retained by the Company have been reclassified to the Other sales line. ​ The following table for the year ended December 31, 2022 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,367 $ 2,169 $ 4,536 Food and other ​ 832 ​ 467 ​ 1,299 Non-alcoholic beverages ​ 636 ​ 242 ​ 878 Reportable segment totals ​ $ 3,835 ​ $ 2,878 ​ $ 6,713 Other ​ ​ ​ ​ ​ ​ ​ 143 Net sales ​ ​ ​ ​ ​ ​ $ 6,856 ​ The following table for the year ended December 31, 2021 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,165 $ 1,976 $ 4,141 Food and other ​ 830 ​ 487 ​ 1,317 Non-alcoholic beverages ​ 562 ​ 224 ​ 786 Reportable segment totals ​ $ 3,557 ​ $ 2,687 ​ $ 6,244 Other ​ ​ ​ ​ ​ ​ ​ 113 Net sales ​ ​ ​ ​ ​ ​ $ 6,357 ​ The following table for the year ended December 31, 2020 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,008 $ 1,681 $ 217 ​ $ 3,906 Food and other ​ 823 ​ 481 ​ 38 ​ 1,342 Non-alcoholic beverages ​ 491 ​ 202 ​ 26 ​ 719 Reportable segment totals ​ $ 3,322 ​ $ 2,364 ​ $ 281 ​ $ 5,967 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 124 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,091 ​

Credit Losses

Credit Losses	12 Months Ended
	Dec. 31, 2022
Credit Losses
Credit Losses	4. Credit Losses The Company is exposed to credit losses primarily through its sales of glass containers to customers. The Company’s trade receivables from customers are due within one year or less. The Company assesses each customer’s ability to pay for the glass containers it sells to them by conducting a credit review. The credit review considers the expected billing exposure and timing for payment and the customer’s established credit rating or the Company’s assessment of the customer’s creditworthiness, based on an analysis of their financial statements when a credit rating is not available. The Company also considers contract terms and conditions, country and political risk, and business strategy in its evaluation. A credit limit is established for each customer based on the outcome of this review. The Company may require collateralized asset support or a prepayment to mitigate credit risk. The Company monitors its ongoing credit exposure through the active review of customer balances against contract terms and due dates, including timely account reconciliation, dispute resolution and payment confirmation. The Company may employ collection agencies and legal counsel to pursue the recovery of defaulted receivables. At December 31, 2022 and 2021, the Company reported $760 million and $692 million of accounts receivable, respectively, net of allowances of $28 million and $28 million, respectively. Changes in the allowance were not material for the years ended December 31, 2022 or 2021. ​

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventories
Inventories	5. Inventories ​ Major classes of inventory are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Finished goods ​ $ 667 ​ $ 659 ​ Raw materials ​ 137 ​ 119 ​ Operating supplies ​ 44 ​ 38 ​ ​ ​ $ 848 ​ $ 816 ​ ​

Equity Investments

Equity Investments	12 Months Ended
	Dec. 31, 2022
Equity Investments
Equity Investments	​ ​ 6. Equity Investments ​ At December 31, 2022, the Company’s ownership percentage in affiliates include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ O-I Ownership ​ ​ Affiliates Percentage Business Type Empresas Comegua S.A. ​ 49.7 % ​ Glass container manufacturer ​ BJC O-I Glass Pte. Ltd. ​ 50 % ​ Glass container manufacturer ​ CO Vidrieria SARL ("COV") ​ 50 % ​ Glass container manufacturer ​ Rocky Mountain Bottle Company ​ 50 % ​ Glass container manufacturer ​ Vetrerie Meridionali SpA ("VeMe") ​ 50 % ​ Glass container manufacturer ​ Vetri Speciali SpA ​ 50 % ​ Specialty glass manufacturer ​ ​ Summarized information pertaining to the Company’s equity affiliates follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Equity in earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. ​ $ 101 ​ $ 83 ​ $ 29 ​ U.S. ​ 6 ​ 7 ​ 8 ​ Total ​ $ 107 ​ $ 90 ​ $ 37 ​ Dividends received ​ $ 71 ​ $ 103 ​ $ 58 ​ ​ In 2020, the Company evaluated the future estimated earnings and cash flow of one of its Non-U.S. equity investments (a glass container manufacturer reported in the Retained corporate costs and other category) a discounted cash flow model to determine the fair value of the impaired assets as Level 3 in the fair value hierarchy as set forth in the general accounting principles for fair value measurements. Summarized combined financial information for equity affiliates is as follows (unaudited): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 At end of year: ​ ​ ​ ​ ​ ​ ​ Current assets ​ $ 641 ​ $ 557 ​ Non-current assets ​ 1,369 ​ 1,317 ​ Total assets ​ 2,010 ​ 1,874 ​ Current liabilities ​ 426 ​ 386 ​ Other liabilities and deferred items ​ 207 ​ 195 ​ Total liabilities and deferred items ​ 633 ​ 581 ​ Net assets ​ $ 1,377 ​ $ 1,293 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year: 2022 2021 2020 Net sales ​ $ 1,328 ​ $ 1,185 ​ $ 927 ​ Gross profit ​ $ 348 ​ $ 305 ​ $ 256 ​ Net earnings ​ $ 232 ​ $ 169 ​ $ 141 ​ ​ ​ Based on an evaluation of each of the Company’s equity investments for the three years ending December 31, 2022, no investments exceeded the significant subsidiary thresholds per Rule 3-09 of Regulation S-X. As such, separate financial statements for the Company’s equity investments are not required to be filed with the Securities and Exchange Commission. The Company made purchases of approximately $137 million and $117 million from equity affiliates in 2022 and 2021, respectively, and owed approximately $65 million and $68 million to equity affiliates as of December 31, 2022 and 2021, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets
Goodwill and Intangible Assets	​ ​ 7. Goodwill and Intangible Assets ​ Goodwill ​ The changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021, and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Europe ​ Americas ​ Total Balance as of January 1, 2020 ​ $ 859 ​ $ 1,075 ​ $ 1,934 Translation effects ​ ​ 74 ​ ​ (57) ​ ​ 17 Balance as of December 31, 2020 ​ ​ 933 ​ ​ 1,018 ​ ​ 1,951 Divestiture related adjustments ​ ​ ​ ​ ​ (3) ​ ​ (3) Reclassified as held for sale ​ ​ ​ ​ ​ (18) ​ ​ (18) Translation effects ​ (67) ​ ​ (23) ​ ​ (90) Balance as of December 31, 2021 ​ ​ 866 ​ ​ 974 ​ ​ 1,840 Translation effects ​ ​ (48) ​ ​ 21 ​ ​ (27) Balance as of December 31, 2022 ​ $ 818 ​ $ 995 ​ $ 1,813 ​ Goodwill is tested for impairment annually as of October 1 (or more frequently if impairment indicators arise) by comparing the business enterprise value (“BEV”) of each reporting unit with its carrying value. The BEV is computed based on estimated future cash flows, discounted at the weighted average cost of capital of a hypothetical third-party buyer. If the BEV is less than the carrying value for any reporting unit, then any excess of the carrying value over the BEV will be recorded as an impairment loss. The calculations of the BEV of the Company’s reporting units were determined based on valuation techniques using the best available information , primarily future cash flows of the reporting units, During the fourth quarter of 2022, the Company completed its annual impairment testing and determined that no impairment existed. There can be no assurance that anticipated financial results will be achieved and the goodwill balances remain susceptible to future impairment charges. The goodwill related to the North America reporting unit, which was $442 million and is included in the Americas segment above, was determined to have the greatest risk of future impairment charges given the difference (13%) between the BEV and carrying value of this reporting unit as of October 1, 2022. The BEVs of the Company’s Europe and Latin America reporting units substantially exceeded their carrying values as of October 1, 2022. If the Company’s projected future cash flows were lower, or if the assumed weighted average cost of capital were higher, the testing performed in the fourth quarter of 2022 may have indicated an impairment of the goodwill related to one or more of the Company’s reporting units. Any impairment charges that the Company may take in the future could be material to its consolidated results of operations and financial condition. During the time subsequent to the annual evaluation, and at December 31, 2022, the Company considered whether any events and/or changes in circumstances had resulted in the likelihood that the goodwill of any of its reporting units may have been impaired and has determined that no such events have occurred. ​ Goodwill for the Americas segment is net of accumulated impairment losses of $595 million as of December 31, 2022 and 2021. Intangible Assets Customer list intangible assets are amortized using the accelerated amortization method over their 20 year lives. Net intangible asset values were $262 million and $286 million, which included accumulated amortization of $284 million and $251 million, for the years ended December 31, 2022 and 2021, respectively. Amortization expense for intangible assets was $33 million, $34 million and $33 million for the years ended December 31, 2022, 2021, and 2020, respectively. Estimated amortization related to intangible assets through 2027 is as follows: 2023, $28 million; 2024, $26 million; 2025, $24 million; 2026, $23 million and 2027, $21 million. No impairment existed on these assets at December 31, 2022 The Company has determined that the fair value measurements related to the customer list intangible assets are based on significant unobservable inputs and are classified as Level 3 in the fair value hierarchy.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2022
Other Assets
Other Assets	​ ​ 8. Other Assets Other assets (noncurrent) consist of the following at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Right of use lease assets ​ $ 225 ​ $ 116 ​ Deferred tax assets ​ ​ 117 ​ ​ 152 ​ Deferred returnable packaging costs ​ 90 ​ 80 ​ Repair part inventories ​ ​ 120 ​ ​ 117 ​ Capitalized software ​ 44 ​ 49 ​ Value added taxes ​ 15 ​ 10 ​ Other ​ 55 ​ 53 ​ ​ ​ $ 666 ​ $ 577 ​ ​ Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $10 million, $11 million and $12 million for 2022, 2021 and 2020, respectively. Estimated amortization related to capitalized software through 2027 is as follows: 2023, $9 million; 2024, $8 million; 2025, $8 million; 2026, $7 million and 2027, $7 million.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments
Derivative Instruments	​ ​ 9 . Derivative Instruments The Company has certain derivative assets and liabilities which consist of natural gas forwards and collars, foreign exchange option and forward contracts, interest rate swaps and cross-currency swaps. The valuation of these instruments is determined primarily using the income approach, including discounted cash flow analysis on the expected cash flows of each derivative. Natural gas prices, foreign exchange rates and interest rates are the significant inputs into the valuation models. The Company also evaluates counterparty risk in determining fair values. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. These inputs are observable in active markets over the terms of the instruments the Company holds, and accordingly, the Company classifies its derivative assets and liabilities as Level 2 in the hierarchy. Commodity Forward Contracts and Collars Designated as Cash Flow Hedges An unrecognized loss of ​ Cash Flow Hedges of Foreign Exchange Risk The Company has variable-interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. In 2021, the Company used derivatives to manage these exposures and designated those derivatives as cash flow hedges of foreign exchange risk. In addition, one of the Company’s non-U.S. dollar-functional-currency subsidiaries purchases a raw material in the normal course of business for use in glass container production that is priced in U.S. dollars. Such purchases expose the Company to exchange rate fluctuations. The Company uses derivatives to manage these exposures and designates these derivatives as cash flow hedges of foreign exchange risk. The Company terminated a portion of its cross-currency swaps, which resulted in a $7 million outflow for 2022 and outflows of $15 million and $3 million for 2021 and 2020, respectively, as disclosed in the cash flows from financing activities section of the Consolidated Cash Flows. An unrecognized gain of $1 million and $6 million at December 31, 2022 and December 31, 2021, respectively, related to these cross-currency swaps, was included in Accumulated OCI, and will be reclassified into earnings within the next twelve months. Fair Value Hedges of Foreign Exchange Risk The Company has fixed and variable interest rate borrowings denominated in currencies other than the functional currency of the borrowing subsidiaries. As a result, the Company is exposed to fluctuations in the currency of the borrowing against the subsidiaries’ functional currency. The Company uses derivatives to manage these exposures and designates these derivatives as fair value hedges of foreign exchange risk. Approximately $16 million and $4 million of the components were excluded from the assessment of effectiveness and are included in Accumulated OCI at December 31, 2022 December 31, 2021 The Company terminated a portion of its cross-currency swaps, which resulted in a $107 million inflow for 2022, as disclosed in the cash flows from financing activities section of the Consolidated Cash Flows. Interest Rate Swaps Designated as Fair Value Hedges The Company enters into interest rate swaps in order to maintain a capital structure containing targeted amounts of fixed and floating-rate debt and manage interest rate risk. The Company’s fixed-to-variable interest rate swaps are accounted for as fair value hedges. The relevant terms of the swap agreements match the corresponding terms of the notes and therefore there is no hedge ineffectiveness. The Company recorded the net of the fair market values of the swaps as a long-term liability and short-term asset along with a corresponding net decrease in the carrying value of the hedged debt. Net Investment Hedges The Company is exposed to fluctuations in foreign exchange rates on investments it holds in non-U.S. subsidiaries and uses cross currency swaps to partially hedge this exposure. In each of 2022 and 2020, the Company terminated a portion of its cross-currency swaps designated as net investment hedges, which resulted in a $33 million inflow and a $5 million outflow, respectively, recognized in the cash flows from financing activities section of the Consolidated Cash Flows. Foreign Exchange Derivative Contracts Not Designated as Hedging Instruments The Company uses short-term forward exchange or option agreements to purchase foreign currencies at set rates in the future. These agreements are used to limit exposure to fluctuations in foreign currency exchange rates for significant planned purchases of fixed assets or commodities that are denominated in currencies other than the subsidiaries’ functional currency. The Company also uses foreign exchange agreements to offset the foreign currency exchange rate risk for receivables and payables, including intercompany receivables, payables, and loans, not denominated in, or indexed to, their functional currencies. In 2022, the Company paid approximately $24 million to settle related hedges and recognized these payments in the cash flows from investing activities section of the Consolidated Cash Flows. Balance Sheet Classification The following table shows the amount and classification (as noted above) of the Company’s derivatives at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ ​ $ 3 ​ $ — ​ $ 9 ​ $ — Interest rate swaps - fair value hedges (b) ​ ​ ​ ​ ​ ​ 4 ​ ​ 44 ​ ​ 2 Cash flow hedges of foreign exchange risk (c) ​ ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 23 Fair value hedges of foreign exchange risk (d) ​ ​ ​ 7 ​ ​ 9 ​ ​ 62 ​ ​ ​ Net investment hedges (e) ​ ​ ​ 3 ​ ​ 3 ​ ​ 28 ​ ​ 17 Total derivatives accounted for as hedges ​ ​ $ 13 ​ $ 18 ​ $ 143 ​ $ 42 Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ ​ 5 ​ ​ 1 ​ ​ 2 ​ ​ 2 Total derivatives ​ ​ $ 18 ​ $ 19 ​ $ 145 ​ $ 44 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ $ 15 ​ $ 14 ​ $ 32 ​ $ 2 Noncurrent ​ ​ ​ 3 ​ ​ 5 ​ ​ 113 ​ ​ 42 Total derivatives ​ ​ $ 18 ​ $ 19 ​ $ 145 ​ $ 44 ​ (a) The notional amount of the commodity forward contracts and collars was approximately 46 million British Thermal Units (“BTUs”) at December 31, 2022. The maximum maturity dates are in 2027 at December 31, 2022. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at December 31, 2022 and December 31, 2021. The maximum maturity dates are in 2024 at December 31, 2022 and December 31, 2021. (c) The notional amounts of the cash flow hedges of foreign exchange risk were $0 and $422 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2023 at December 31, 2021. (d) The notional amounts of the fair value hedges of foreign exchange risk were $844 million and $400 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates were in 2030 at December 31, 2022. (e) The notional amounts of the net investment hedges were €358 million and €311 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2026 at December 31, 2022 and 2027 at December 31, 2021. (f) The notional amounts of the foreign exchange derivative contracts were $245 million and $202 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2023 at December 31, 2022 and 2022 at December 31, 2022. The effects of derivative instruments on the Company’s Consolidated Results of Operations and Comprehensive Income (Loss) for OCI for the years ended December 31, 2022, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) Derivatives designated as hedging instruments: 2022 ​ 2021 ​ 2020 ​ 2022 ​ 2021 ​ 2020 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ (1) ​ $ ​ ​ $ ​ ​ $ 6 ​ $ ​ ​ $ ​ Cash flow hedges of foreign exchange risk (b) ​ ​ 14 ​ ​ 75 ​ ​ (99) ​ ​ 15 ​ ​ 77 ​ ​ (115) Cash flow hedges of interest rate risk (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 30 ​ ​ 40 ​ ​ (54) ​ ​ 6 ​ ​ 3 ​ ​ 4 ​ ​ $ 43 ​ $ 115 ​ $ (153) ​ $ 27 ​ $ 80 ​ $ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives not designated as hedges: 2022 ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts $ (20) $ 4 $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other income (expense), net or (c) interest expense, net. ​

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2022
Restructuring
Restructuring	10 . Restructuring The Company continually reviews its manufacturing footprint and operating cost structure and may decide to close operations or reduce headcount to gain efficiencies, integrate acquired operations, reduce future expenses and address other market factors. The Company incurs costs associated with these actions including employee severance and benefits, other exit costs such as those related to contract terminations, and asset impairment charges. The Company also may incur other costs related to closed facilities including clean-up, dismantling and preparation for sale or other disposition. The Company accounts for restructuring and other costs under applicable provisions of generally accepted accounting principles. Charges for employee severance and related benefits are generally accrued based on contractual arrangements with employees or their representatives. Other exit costs are accrued based on the estimated cost to settle related contractual arrangements. Estimated environmental remediation costs are accrued when specific claims have been received or are probable of being received. The Company’s decisions to curtail selected production capacity have resulted in write-downs of certain long-lived assets to the extent their carrying amounts exceeded fair value or fair value less cost to sell. The Company classified the significant assumptions used to determine the fair value of the impaired assets in the period that the measurement was taken as Level 3 (third-party appraisal) in the fair value hierarchy as set forth in the general accounting principles for fair value measurements. For the asset impairments recorded through December 31, 2022 and December 31, 2021, the remaining carrying value of the impaired assets was approximately When a decision is made to take restructuring actions, the Company manages and accounts for them programmatically apart from the ongoing operations of the business. Information related to major programs is presented separately while minor initiatives are presented on a combined basis. As of December 31, 2022 and 2021, no major restructuring programs were in effect. In 2022, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of (including related consulting costs attributed to restructuring of managed services activities) at a number of the Company’s facilities primarily in the Americas . These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. These charges were recorded to Other income (expense), net on the Consolidated Results of Operations. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. In 2021, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $28 million. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs (including related consulting costs attributed to restructuring of managed services activities) at a number of the Company’s facilities in the Americas and Europe . These restructuring charges were discrete actions and are expected to approximate the total cumulative costs for those actions as no significant additional costs are expected to be incurred. These charges were recorded to Other income (expense), net on the Consolidated Results of Operations. The Company expects that the majority of the remaining cash expenditures related to the accrued employee costs will be paid out over the next several years. The following table presents information related to restructuring, asset impairment and other costs related to closed facilities from January 1, 2021 through December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs Restructuring Balance at January 1, 2021 ​ $ 38 ​ $ — ​ $ 7 ​ $ 45 ​ Charges ​ 3 ​ ​ 6 ​ ​ 19 ​ ​ 28 ​ Write-down of assets to net realizable value ​ ​ ​ ​ ​ (6) ​ ​ ​ ​ ​ (6) ​ Net cash paid, principally severance and related benefits ​ ​ (15) ​ ​ ​ ​ ​ (15) ​ ​ (30) ​ Other, including foreign exchange translation ​ ​ (6) ​ ​ ​ ​ ​ ​ ​ ​ (6) ​ Balance at December 31, 2021 ​ $ 20 ​ $ — ​ $ 11 ​ $ 31 ​ Charges ​ 8 ​ ​ 30 ​ ​ 12 ​ 50 ​ Write-down of assets to net realizable value ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ (30) ​ Net cash paid, principally severance and related benefits ​ ​ (11) ​ ​ ​ ​ ​ (9) ​ ​ (20) ​ Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ ​ (4) ​ (4) ​ Balance at December 31, 2022 ​ $ 17 ​ $ — ​ $ 10 ​ $ 27 ​

Pension Benefit Plans and Other

Pension Benefit Plans and Other Postretirement Benefits	12 Months Ended
	Dec. 31, 2022
Pension Benefit Plans and Other Postretirement Benefits
Pension Benefit Plans and Other Postretirement Benefits	​ ​ 11. Pension Benefit Plans and Other Postretirement Benefits Pension Benefit Plans The Company has defined benefit pension plans covering a substantial number of employees located in the United States and several other non-U.S. jurisdictions. Benefits generally are based on compensation for salaried employees and on length of service for hourly employees. The Company’s policy is to fund pension plans such that sufficient assets will be available to meet future benefit requirements. The Company’s defined benefit pension plans use a December 31 measurement date. The changes in the pension benefit obligations for the year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Obligations at beginning of year ​ $ 1,242 ​ $ 1,590 ​ $ 990 ​ $ 1,127 ​ Change in benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ 13 ​ 13 ​ 10 ​ 12 ​ Interest cost ​ 35 ​ 40 ​ 24 ​ 21 ​ Actuarial (gain) loss ​ ​ (320) ​ ​ (73) ​ ​ (221) ​ ​ (82) ​ Settlements ​ ​ (20) ​ ​ (252) ​ (17) ​ ​ (8) ​ Benefit payments ​ (90) ​ (76) ​ (42) ​ (53) ​ Other ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ ​ 1 ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (78) ​ (28) ​ Net change in benefit obligations ​ (382) ​ (348) ​ (321) ​ (137) ​ Obligations at end of year ​ $ 860 ​ $ 1,242 ​ $ 669 ​ $ 990 ​ ​ ​ The changes in the fair value of the pension plans’ assets for the year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Fair value at beginning of year ​ $ 1,168 ​ $ 1,324 ​ $ 923 ​ $ 929 ​ Change in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual gain (loss) on plan assets ​ (256) ​ 145 ​ (255) ​ 7 ​ Benefit payments ​ (90) ​ (76) ​ (42) ​ (53) ​ Employer contributions ​ 10 ​ 27 ​ 16 ​ 57 ​ Participant contributions ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Settlements ​ ​ (20) ​ ​ (252) ​ ​ (17) ​ ​ (8) ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (79) ​ (11) ​ Other ​ ​ ​ ​ ​ ​ ​ 1 ​ 1 ​ Net change in fair value of assets ​ (356) ​ (156) ​ (376) ​ (6) ​ Fair value at end of year ​ $ 812 ​ $ 1,168 ​ $ 547 ​ $ 923 ​ ​ The Company recognizes the funded status of each pension benefit plan on the Consolidated Balance Sheet. The funded status of each plan is measured as the difference between the fair value of plan assets and actuarially calculated benefit obligations as of the balance sheet date. Actuarial gains and losses are primarily related to changes in asset performance and in discount rates, and are accumulated in Accumulated Other Comprehensive Loss. The portion of accumulated actuarial gains and losses of each plan that exceeds 10% of the greater of that plan’s assets or projected benefit obligation is amortized to income on a straight-line basis over the average remaining service period of employees still accruing benefits or the expected life of participants not accruing benefits if all, or almost all, of the plan’s participants are no longer accruing benefits. ​ ​ The funded status of the pension plans at year end is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Plan assets at fair value $ 812 $ 1,168 $ 547 $ 923 ​ Projected benefit obligations ​ 860 ​ 1,242 ​ 669 ​ 990 ​ Plan assets less than projected benefit obligations ​ (48) ​ (74) ​ (122) ​ (67) ​ Items not yet recognized in pension expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss ​ 381 ​ 437 ​ 289 ​ 259 ​ Prior service cost ​ ​ ​ ​ ​ 9 ​ 10 ​ ​ ​ 381 ​ 437 ​ 298 ​ 269 ​ Net amount recognized ​ $ 333 ​ $ 363 ​ $ 176 ​ $ 202 ​ ​ The net amount recognized is included in the Consolidated Balance Sheets at December 31, 2022 and 2021 as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Pension assets ​ $ — ​ $ — ​ $ 60 ​ $ 150 ​ Current pension liability, included with other accrued liabilities ​ (2) ​ (1) ​ (3) ​ (6) ​ Pension benefits ​ (46) ​ (73) ​ (179) ​ (211) ​ Accumulated other comprehensive loss ​ 381 ​ 437 ​ 298 ​ 269 ​ Net amount recognized ​ $ 333 ​ $ 363 ​ $ 176 ​ $ 202 ​ ​ The following changes in plan assets and benefit obligations were recognized in Accumulated Other Comprehensive Loss at December 31, 2022 and 2021 as follows (amounts are pretax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current year actuarial (gain) loss ​ $ (3) ​ $ (136) ​ $ 71 ​ $ (13) ​ Amortization of actuarial loss ​ (40) ​ (62) ​ (9) ​ (43) ​ Settlement ​ ​ (13) ​ ​ (73) ​ ​ (7) ​ ​ (1) ​ Other ​ ​ ​ ​ ​ ​ ​ 3 ​ (1) ​ ​ ​ (56) ​ (271) ​ 58 ​ (58) ​ Translation ​ ​ ​ ​ ​ ​ ​ (29) ​ (7) ​ Change in accumulated other comprehensive loss ​ $ (56) ​ $ (271) ​ $ 29 ​ $ (65) ​ ​ ​ The components of the net pension expense for the year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ 2022 ​ 2021 ​ 2020 ​ 2022 ​ 2021 ​ 2020 Service cost $ 13 $ 13 $ 11 $ 10 $ 12 $ 13 ​ Interest cost ​ 35 ​ 40 ​ 50 ​ 24 ​ 21 ​ 26 ​ Expected asset return ​ (61) ​ (82) ​ (85) ​ (36) ​ (46) ​ (45) ​ Amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss ​ 40 ​ 61 ​ 56 ​ 9 ​ 13 ​ 12 ​ Net expense ​ $ 27 ​ $ 32 ​ $ 32 ​ $ 7 ​ $ — ​ $ 6 ​ ​ In 2022, 2021, and 2020 the Company settled a portion of its pension obligations in the U.S., Canada and Mexico, resulting in settlement charges of approximately $20 million, $74 million, and $26 million, respectively. In 2022, settlement charges related to lump sum payments directly to plan participants. In 2021, a retiree annuity contract purchase transaction with an issuer in the U.S. amounted to approximately settlement settlement ​ The components of pension expense, other than the service cost component, as well as pension settlement charges are included in Other income (expense), net on the Consolidated Results of Operations. ​ The following information is for plans with projected and accumulated benefit obligations in excess of the fair value of plan assets at year end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Projected Benefit Obligation Exceeds ​ Accumulated Benefit Obligation Exceeds ​ ​ the Fair Value of Plan Assets ​ the Fair Value of Plan Assets ​ ​ U.S. ​ Non-U.S. ​ U.S. ​ Non-U.S. ​ 2022 ​ 2021 2022 ​ 2021 2022 ​ 2021 2022 ​ 2021 ​ Projected benefit obligations ​ $ 860 ​ $ 1,242 ​ $ 240 ​ $ 258 ​ $ 860 ​ $ 1,242 ​ $ 216 ​ $ 258 ​ Accumulated benefit obligation ​ 860 ​ 1,242 ​ 226 ​ 240 ​ 860 ​ 1,242 ​ 203 ​ 240 ​ Fair value of plan assets ​ 812 ​ 1,168 ​ 56 ​ 42 ​ 812 ​ 1,168 ​ 33 ​ 42 ​ ​ The accumulated benefit obligation for all defined benefit pension plans was $1,513 million and $2,210 million at December 31, 2022 and 2021, respectively. ​ The weighted average assumptions used to determine benefit obligations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Discount rate 5.48 % 2.86 % 5.52 % 2.53 % Rate of compensation increase N/A ​ N/A ​ 3.28 % 3.18 % The weighted average assumptions used to determine net periodic pension costs are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ 2022 ​ 2021 ​ 2020 ​ 2022 ​ 2021 ​ 2020 Discount rate 2.86 % 2.61 % 3.39 % 2.53 % 1.92 % 2.53 % Rate of compensation increase N/A ​ N/A ​ N/A ​ 3.18 % 2.80 % 2.86 % Expected long-term rate of return on assets 5.75 % 6.85 % 7.15 % 4.21 % 5.46 % 5.23 % ​ Future benefits are assumed to increase in a manner consistent with past experience of the plans, which, to the extent benefits are based on compensation, includes assumed salary increases as presented above. For 2022, the Company’s weighted average expected long-term rate of return on assets was 5.75% for the U.S. plans and 4.21% for the non-U.S. plans. In developing this assumption, the Company considered the Plans’ asset mix and long-term average returns and evaluated input from its third-party pension plan asset consultants, including their review of asset class return expectations. It is the Company’s policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes within established target asset allocation ranges. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. Plan assets are primarily invested in a broad mix of domestic and international equities, domestic and international bonds, and real estate, subject to target asset allocation ranges, which may differ by individual plan. The assets are managed with a view to ensuring that sufficient liquidity will be available to meet expected cash flow requirements. The investment valuation policy of the Company is to value investments at fair value. Equity securities for which market quotations are readily available are valued at the last reported sales price on their principal exchange on valuation date or official close for certain markets. Fixed income investments are valued by an independent pricing service. Investments in registered investment companies or collective pooled funds are valued at their respective net asset values. Short-term investments are stated at amortized cost, which approximates fair value. The fair value of real estate is determined by periodic appraisals. The assets of the U.S. plans are maintained in a group trust and hold no individual assets other than the investment in the group trust. In 2022, the non-U.S. plan assets consisted of approximately 5% equity securities, 77% debt securities, and 18% other. The following table sets forth by level, within the fair value hierarchy, the Company’s non-U.S. pension plan assets at fair value as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ Level 1 Level 2 Level 3 ​ Total Level 1 Level 2 Level 3 ​ Total ​ Cash and cash equivalents ​ $ 9 ​ $ — ​ $ — ​ $ 9 ​ $ 43 ​ $ — ​ $ — ​ $ 43 ​ Debt securities ​ ​ 29 ​ ​ ​ ​ ​ ​ ​ ​ 29 ​ ​ 35 ​ ​ 14 ​ ​ ​ ​ ​ 49 ​ Other ​ ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 24 ​ Total ​ $ 38 ​ $ 23 ​ $ — ​ ​ ​ ​ $ 78 ​ $ 38 ​ $ — ​ ​ ​ ​ Investments measured at net asset value ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 486 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 807 ​ Total non-U.S. assets at fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 923 ​ ​ In order to maintain minimum funding requirements, the Company is required to make contributions to its defined benefit pension plans of approximately $25 million in 2023. The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years indicated: ​ ​ ​ ​ ​ ​ ​ ​ Year(s) U.S. Non-U.S. 2023 ​ $ 73 ​ $ 42 2024 ​ 72 ​ 43 2025 ​ 72 ​ 45 2026 ​ 71 ​ 47 2027 ​ 70 ​ 48 2028-2032 ​ 330 ​ 257 ​ The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees, and employees in Canada, the United Kingdom, and the Netherlands. Participants’ contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to Postretirement Benefits Other Than Pensions The Company provides retiree health care and life insurance benefits covering certain U.S. salaried and hourly employees, and substantially all employees in Canada. Benefits provided by the Company for hourly retirees are determined by collective bargaining. Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. The Company uses a December 31 measurement date to measure its postretirement benefit obligations. The changes in the postretirement benefit obligations for the year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Obligations at beginning of year ​ $ 34 ​ $ 38 ​ $ 76 ​ $ 80 ​ Change in benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ ​ ​ ​ ​ 2 ​ 2 ​ Interest cost ​ 1 ​ 2 ​ 2 ​ 2 ​ Actuarial (gain) loss ​ (11) ​ (4) ​ (29) ​ (6) ​ Benefit payments ​ (2) ​ (2) ​ (3) ​ (2) ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (3) ​ ​ ​ Net change in benefit obligations ​ (12) ​ (4) ​ (31) ​ (4) ​ Obligations at end of year ​ $ 22 ​ $ 34 ​ $ 45 ​ $ 76 ​ ​ The actuarial (gain) loss for the Company’s postretirement benefit obligations in 2022 and 2021 was primarily related to changes in discount rates. ​ ​ The funded status of the postretirement benefit plans at year end is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Postretirement benefit obligations ​ $ (22) ​ $ (34) ​ $ (45) ​ $ (76) ​ Items not yet recognized in net postretirement benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial gain (loss) ​ (12) ​ 8 ​ ​ ​ ​ ​ Prior service credit ​ (18) ​ (26) ​ ​ (40) ​ ​ (13) ​ ​ ​ (30) ​ (18) ​ (40) ​ (13) ​ Net amount recognized ​ $ (52) ​ $ (52) ​ $ (85) ​ $ (89) ​ ​ The net amount recognized is included in the Consolidated Balance Sheets at December 31, 2022 and 2021 as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current nonpension postretirement benefit, included with Other accrued liabilities ​ $ (2) ​ $ (2) ​ $ (2) ​ $ (2) ​ Nonpension postretirement benefits ​ (20) ​ (32) ​ (43) ​ (74) ​ Accumulated other comprehensive loss ​ (30) ​ (18) ​ (40) ​ (13) ​ Net amount recognized ​ $ (52) ​ $ (52) ​ $ (85) ​ $ (89) ​ ​ The following changes in benefit obligations were recognized in Accumulated Other Comprehensive Loss at December 31, 2022 and 2021 as follows (amounts are pretax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current year actuarial (gain) loss ​ $ (11) ​ $ (4) ​ $ (29) ​ $ (6) ​ Amortization of actuarial loss ​ (8) ​ (9) ​ ​ ​ ​ ​ ​ ​ Amortization of prior service credit ​ 8 ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (11) ​ $ (4) ​ $ (29) ​ $ (6) ​ ​ The components of the net postretirement benefit cost for the year are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2020 2022 2021 2020 Service cost ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 2 ​ Interest cost ​ 1 ​ 2 ​ 2 ​ 2 ​ 2 ​ 2 ​ Amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ (8) ​ (9) ​ (11) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ 8 ​ 9 ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ (1) ​ Net amortization ​ — ​ — ​ (6) ​ — ​ — ​ (1) ​ Net postretirement benefit (income) cost ​ $ 1 ​ $ 2 ​ $ (4) ​ $ 4 ​ $ 4 ​ $ 3 ​ ​ ​ Amortization included in net postretirement benefit cost is based on the average remaining service of employees. The weighted average discount rates used to determine the accumulated postretirement benefit obligation and net postretirement benefit cost are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2020 2022 2021 2020 Accumulated postretirement benefit obligation 5.48 % 2.90 % 2.48 % 5.15 % 2.95 % 2.55 % Net postretirement benefit cost 2.90 % 2.48 % 3.31 % 2.95 % 2.55 % 3.00 % ​ The weighted average assumed health care cost trend rates at December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Health care cost trend rate assumed for next year 6.50 % 6.40 % 5.00 % 5.00 % Rate to which the cost trend rate is assumed to decline (ultimate trend rate) 5.00 % 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate 2031 ​ 2029 ​ N/A ​ N/A ​ ​ Amortization included in net postretirement benefit cost is based on the average remaining service of employees. ​ The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years indicated: ​ ​ ​ ​ ​ ​ ​ ​ Year(s) U.S. Non-U.S. 2023 ​ $ 2 ​ $ 3 2024 ​ 2 ​ 3 2025 ​ 2 ​ 3 2026 ​ 2 ​ 3 2027 ​ 2 ​ 3 2028 - 2032 ​ 8 ​ 14 ​ Other U.S. hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were million in 2020. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases
Leases	12. Leases The Company determines if an arrangement is a lease at inception. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Right-of-use assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company uses an estimated incremental borrowing rate at the lease commencement date to determine the present value of lease payments when the implicit rate is not readily determinable in the lease. The Company’s incremental borrowing rate reflects a fully secured rate based on recent debt issuances, the credit rating of the Company, changes in currency and repayment timing of the lease, as well as publicly available data for instruments with similar characteristics when calculating incremental borrowing rates. Certain lease agreements include terms with options to extend lease , however none of these have been recognized in the Company’s right-of-use assets or lease liabilities since those options were not reasonably certain to be exercised. Leases with a term of 12 months or less are not recorded on the balance sheet and lease expense for these leases is recognized on a straight-line basis over the lease term. The Company’s lease agreements include lease payments that are largely fixed and do not contain material residual value guarantees or variable lease payments and no lease transactions with related parties. For the years ended December 31, 2022 and 2021, the Company’s lease costs associated with leases with terms less than 12 months or variable lease costs were immaterial. Certain leases include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The Company’s leases do not contain restrictions or covenants that restrict the Company from incurring other financial obligations. The Company leases warehouses, office buildings, equipment and certain land and buildings under both operating and finance lease arrangements. Information related to these leases is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 ​ ​ 2021 ​ 2020 Lease cost ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense) ​ $ 13 ​ $ 16 ​ $ 7 Interest on lease liabilities (included in Interest expense, net) ​ ​ 3 ​ ​ 3 ​ ​ 2 Operating lease cost (included in Cost of goods sold and Selling and administrative expense) ​ ​ 57 ​ ​ 52 ​ ​ 75 Total lease cost ​ $ 73 ​ $ 71 ​ $ 84 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 Other information ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 52 ​ $ 52 ​ $ 75 Operating cash flows from finance leases ​ ​ 3 ​ ​ 3 ​ ​ 2 Financing cash flows from finance leases ​ ​ 13 ​ ​ 16 ​ ​ 7 Right-of-use assets obtained in exchange for new operating lease liabilities ​ ​ 171 ​ ​ 33 ​ ​ 42 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2022 ​ ​ 2021 Supplemental balance sheet information ​ ​ ​ ​ ​ Operating leases: ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets (included in Other assets) ​ $ 225 ​ $ 116 ​ ​ ​ ​ ​ ​ ​ Current operating lease liabilities (included in Other current liabilities) ​ ​ 41 ​ ​ 38 Noncurrent operating lease liabilities (included in Other long-term liabilities) ​ ​ 189 ​ ​ 78 Total operating lease liabilities ​ $ 230 ​ $ 116 ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 179 ​ $ 155 Accumulated amortization ​ ​ (48) ​ ​ (51) Property, plant and equipment, net ​ ​ 131 ​ ​ 104 ​ ​ ​ ​ ​ ​ ​ Current finance lease liabilities (included in Long-term debt due within one year) ​ ​ 13 ​ ​ 14 Noncurrent finance lease liabilities (included in Long-term debt) ​ ​ 119 ​ ​ 84 Total finance lease liabilities ​ $ 132 ​ $ 98 ​ ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term (in years): ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 7.4 ​ ​ 5.1 Finance leases ​ ​ 5.6 ​ ​ 6.2 Weighted-average discount rate: ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 5.71% ​ ​ 3.61% Finance leases ​ ​ 5.06% ​ ​ 2.58% ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity of lease liabilities ​ ​ Operating leases ​ ​ Finance leases 2023 ​ $ 52 ​ $ 19 2024 ​ ​ 44 ​ ​ 25 2025 ​ ​ 34 ​ ​ 25 2026 ​ ​ 30 ​ ​ 25 2027 ​ ​ 28 ​ ​ 24 2028 and thereafter ​ ​ 97 ​ ​ 46 Total lease payments ​ ​ 285 ​ ​ 164 Less: imputed interest ​ ​ (55) ​ ​ (32) Total lease obligations ​ $ 230 ​ $ 132 ​ ​ ​ ​ ​ ​ ​ Minimum payments related to leases not yet commenced as of December 31, 2022 ​ $ — ​ $ — ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes.
Income Taxes	13. Income Taxes The provision for income taxes was calculated based on the following components of earnings (loss) before income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuing operations 2022 2021 2020 U.S. ​ $ 1 ​ $ (295) ​ $ (85) ​ Non-U.S. ​ 804 ​ 627 ​ 438 ​ ​ ​ $ 805 ​ $ 332 ​ $ 353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discontinued operations 2022 2021 2020 U.S. ​ $ — ​ $ — ​ $ — ​ Non-U.S. ​ ​ ​ 7 ​ — ​ ​ ​ $ — ​ $ 7 ​ $ — ​ ​ The provision for income taxes consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ $ 14 ​ $ 12 ​ $ 8 ​ Non-U.S. ​ 142 ​ 150 ​ 86 ​ ​ ​ 156 ​ 162 ​ 94 ​ Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ ​ (1) ​ (1) ​ 1 ​ Non-U.S. ​ 23 ​ 6 ​ (6) ​ ​ ​ 22 ​ 5 ​ (5) ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ 13 ​ 11 ​ 9 ​ Non-U.S. ​ 165 ​ 156 ​ 80 ​ Total for continuing operations ​ 178 ​ 167 ​ 89 ​ Total for discontinued operations ​ ​ — ​ — ​ — ​ ​ ​ $ 178 ​ $ 167 ​ $ 89 ​ ​ A reconciliation of the provision for income taxes based on the statutory U.S. Federal tax rate of 21% to the provision for income taxes is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate ​ $ 169 ​ $ 70 ​ $ 74 ​ Increase (decrease) in provision for income taxes due to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. tax rates ​ ​ 34 ​ ​ 31 ​ ​ 34 ​ Global intangible low taxed income and Foreign-derived intangible income, net of applicable GILTI credits ​ ​ 48 ​ ​ 6 ​ ​ 7 ​ Goodwill and equity investment impairments ​ ​ ​ ​ ​ ​ ​ ​ 6 ​ Divestitures and sale leasebacks of land and building ​ ​ (34) ​ ​ ​ ​ ​ (87) ​ Tax law changes ​ (1) ​ ​ (6) ​ ​ (10) ​ Tax impact of Brazil indirect tax ruling ​ ​ (6) ​ ​ (7) ​ ​ ​ ​ Change in valuation allowance ​ ​ (36) ​ ​ 93 ​ ​ 59 ​ Tax attribute expiration ​ ​ 6 ​ ​ 8 ​ ​ 6 ​ Withholding tax ​ ​ 24 ​ ​ 12 ​ ​ 12 ​ Non-deductible expenses and taxable gains ​ ​ 11 ​ ​ 24 ​ ​ 14 ​ Tax credits and incentives ​ ​ (25) ​ ​ (67) ​ ​ (11) ​ Changes in tax reserves and audit settlements ​ ​ (4) ​ ​ 10 ​ ​ 2 ​ Mexico inflationary adjustments ​ ​ (2) ​ ​ (6) ​ ​ ​ ​ Equity earnings ​ ​ (20) ​ ​ (16) ​ ​ (14) ​ Intercompany financing ​ ​ 4 ​ ​ 10 ​ ​ 12 ​ Other taxes based on income ​ ​ 5 ​ ​ 5 ​ ​ 2 ​ Other items ​ 5 ​ ​ ​ ​ ​ (17) ​ Provision for income taxes ​ $ 178 ​ $ 167 ​ $ 89 ​ ​ Deferred income taxes reflect: (1) the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their relevant tax basis; and (2) carryovers and credits for income tax purposes. ​ ​ Significant components of the Company’s deferred tax assets and liabilities at December 31, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Deferred tax assets: ​ ​ ​ ​ ​ ​ Accrued postretirement benefits ​ $ 23 ​ $ 34 Paddock-related liabilities ​ ​ ​ ​ ​ 137 Foreign tax credit carryovers ​ 149 ​ ​ 161 Operating, capital loss and interest carryovers ​ 284 ​ ​ 255 Other credit carryovers ​ 24 ​ ​ 20 Accrued liabilities ​ 72 ​ ​ 54 Pension liabilities ​ 24 ​ ​ 19 Operating lease liabilities ​ ​ 54 ​ ​ 28 Other ​ 90 ​ ​ 68 Total deferred tax assets ​ 720 ​ 776 Deferred tax liabilities: ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ 128 ​ ​ 114 Intangibles and deferred software ​ 61 ​ ​ 72 Operating lease right-of-use assets ​ ​ 53 ​ ​ 28 Total deferred tax liabilities ​ 242 ​ 214 Valuation allowance ​ (445) ​ ​ (512) Net deferred taxes ​ $ 33 ​ $ 50 ​ Deferred taxes are included in the Consolidated Balance Sheets at December 31, 2022 and 2021 as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Other assets ​ $ 117 ​ $ 152 Deferred taxes ​ (84) ​ (102) Net deferred taxes ​ $ 33 ​ $ 50 ​ The deferred tax benefit associated with the reduction in the valuation allowance of $67 million was primarily allocated $42 million to income from continuing operations due to the primacy of continuing operations, changes in tax law and movements in non-U.S. currencies, and $25 million to other comprehensive income. ​ Deferred tax assets and liabilities are determined separately for each tax jurisdiction on a separate or on a consolidated tax filing basis, as applicable, in which the Company conducts its operations or otherwise incurs taxable income or losses. A valuation allowance is recorded when it is more likely than not that some portion or all of the gross deferred tax assets will not be realized. The realization of deferred tax assets depends on the ability to generate sufficient taxable income of the appropriate character within the carryback or carryforward periods provided for in the tax law for each applicable tax jurisdiction. The Company considers the following possible sources of taxable income when assessing the realization of deferred tax assets: ● ● ● ● The assessment regarding whether a valuation allowance is required or whether a change in judgment regarding the valuation allowance has occurred also considers all available positive and negative evidence, including but not limited to: ● ● ● ● ● The weight given to the positive and negative evidence is commensurate with the extent to which the evidence may be objectively verified. Accordingly, it is generally difficult to conclude a valuation allowance is not required when there is significant objective and verifiable negative evidence, such as cumulative losses in recent years. The Company uses the actual results for the last two years and current year results as the primary measure of cumulative losses in recent years. The evaluation of deferred tax assets requires judgment in assessing the likely future tax consequences of events recognized in the financial statements or tax returns and future profitability. The recognition of deferred tax assets represents the Company’s best estimate of those future events. Changes in the current estimates, due to unanticipated events or otherwise, could have a material effect on the Company’s results of operations and financial condition. In certain tax jurisdictions, the Company’s analysis indicates that it has cumulative losses in recent years. This is considered significant negative evidence which is objective and verifiable and, therefore, difficult to overcome. However, the cumulative loss position is not solely determinative and, accordingly, the Company considers all other available positive and negative evidence in its analysis. Based on its analysis, the Company has recorded a valuation allowance for the portion of deferred tax assets where based on the weight of available evidence it is unlikely to realize those deferred tax assets. Based on the evidence available including a lack of sustainable earnings, the Company in its judgment previously recorded a valuation allowance against substantially all of its net deferred tax assets in the United States. If a change in judgment regarding this valuation allowance were to occur in the future, the Company will record a potentially material deferred tax benefit, which could result in a favorable impact on the effective tax rate in that period. The utilization of tax attributes to offset taxable income reduces the amount of deferred tax assets subject to a valuation allowance. In addition, based on available evidence and the weighting of factors discussed above, the Company has valuation allowances on certain deferred tax assets in certain international tax jurisdictions. At December 31, 2022, before valuation allowance, the Company had unused foreign tax credits of $149 million including $71 million expiring in 2023 through 2032 and $78 million that can be carried over indefinitely. Approximately $189 million of the deferred tax assets related to operating, capital loss and interest carryovers can be carried over indefinitely. The remaining operating, capital loss and interest carryforwards of $95 million expire between 2023 and 2042. Other credit carryovers include approximately $22 million of research tax credits expiring from 2023 to 2041. Since a majority of the pre-2018 non-U.S. earnings (net of losses) were substantially taxed under the U.S. Tax Cuts and Jobs Act, distributions of those net earnings no longer attract significant U.S. income taxes except for any associated currency gains. Therefore, the Company does not assert that these net earnings (to the extent of foreign distributable reserves) and any associated gross book-tax basis differences, if any, are indefinitely reinvested. For all remaining gross book-tax basis differences in its non-U.S. consolidated subsidiaries, the Company maintains its assertion that it intends these to be indefinitely reinvested. The Company also records deferred foreign taxes on gross book-tax basis differences to the extent of foreign distributable reserves for certain foreign subsidiaries. Determining the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings is not practicable. The Company records a liability for unrecognized tax benefits related to uncertain tax positions. The Company accrues interest and penalties associated with unrecognized tax benefits as a component of its income tax expense. ​ The following is a reconciliation of the Company’s total gross unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Balance at January 1 ​ $ 95 ​ $ 93 ​ $ 99 ​ Additions and reductions for tax positions of prior years ​ (10) ​ ​ 3 ​ ​ (20) ​ Additions based on tax positions related to the current year ​ ​ ​ ​ 3 ​ ​ 11 ​ Reductions due to the lapse of the applicable statute of limitations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reductions due to settlements ​ ​ (31) ​ ​ ​ ​ ​ ​ ​ Foreign currency translation ​ (1) ​ ​ (4) ​ ​ 3 ​ Balance at December 31 ​ $ 53 ​ $ 95 ​ $ 93 ​ Unrecognized tax benefits, which if recognized, would impact the Company’s effective income tax rate ​ $ 37 ​ $ 75 ​ $ 80 ​ Accrued interest and penalties at December 31 ​ $ 8 ​ $ 16 ​ $ 14 ​ Interest and penalties included in tax expense for the years ended December 31 ​ $ (8) ​ $ 2 ​ $ 3 ​ ​ Based upon the outcome of tax examinations, judicial proceedings, or expiration of statute of limitations, it is reasonably possible that the ultimate resolution of these unrecognized tax benefits may result in a payment that is materially different from the current estimate of the tax liabilities. The Company believes that it is reasonably possible that the estimated liability could decrease up to approximately $30 million within the next 12 months. This is primarily the result of anticipated audit settlements or statute expirations in several taxing jurisdictions. The Company is currently under income tax examination in various tax jurisdictions in which it operates, including Brazil, Canada, Colombia, France, Germany, Indonesia, Italy, Mexico and Peru. The years under examination range from 2004 through 2022. The Company has received tax assessments in excess of established reserves. The Company is contesting these tax assessments, and will continue to do so, including pursuing all available remedies such as appeals and litigation, if necessary. ​ The Company believes that adequate provisions for all income tax uncertainties have been made. However, if tax assessments are settled against the Company at amounts in excess of established reserves, it could have a material impact to the Company’s consolidated results of operations, financial position or cash flows. During 2022, the Company concluded income tax audits in several jurisdictions, including France, Indonesia, and Mexico.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt
Debt	14. Debt ​ The following table summarizes the long-term debt of the Company at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ — ​ $ — ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,426 ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ ​ 923 ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ ​ 249 ​ ​ 695 ​ 3.125%, due 2024 (€725 million) ​ ​ 731 ​ ​ 826 ​ 6.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ 5.375%, due 2025 ​ ​ 299 ​ ​ 298 ​ 2.875%, due 2025 (€500 million) ​ ​ 529 ​ ​ 561 ​ 6.625%, due 2027 ​ ​ 607 ​ ​ 693 ​ 4.750%, due 2030 ​ ​ 396 ​ ​ 395 ​ Finance leases ​ ​ 132 ​ ​ 98 ​ Other ​ 4 ​ 5 ​ Total long-term debt ​ 4,671 ​ 4,791 ​ Less amounts due within one year ​ 300 ​ 38 ​ Long-term debt ​ $ 4,371 ​ $ 4,753 ​ ​ The Company presents debt issuance costs in the Consolidated Balance Sheet as a deduction of the carrying amount of the related debt liability. On March 25, 2022, certain of the Company’s subsidiaries entered into a Credit Agreement and Syndicated Facility Agreement (the “Original Agreement”), which refinanced in full the previous credit agreement. The Original Agreement provided for up to $2.8 billion of borrowings pursuant to term loans, revolving credit facilities and a delayed draw term loan facility. The delayed draw term loan facility allowed for a one-time borrowing of up to $600 million, the proceeds of which were used, in addition to other consideration paid by the Company and/or its subsidiaries, to fund an asbestos settlement trust (the “Paddock Trust”) established in connection with the confirmed plan of reorganization of Paddock proposed by Paddock, O-I Glass and certain other parties in Paddock’s Chapter 11 case (see Note 15 for more information). On August 30, 2022, certain of the Company’s subsidiaries entered into an Amendment No. 1 to its Credit Agreement and Syndicated Facility Agreement (the “Credit Agreement Amendment”), which amends the Original Agreement (as amended by the Credit Agreement Amendment, the “Credit Agreement”). The Credit Agreement Amendment provides for up to $500 million of additional borrowings in the form of term loans. The proceeds of such term loans were used, together with cash, to retire the $600 million delayed draw term loan. The term loans mature, and the revolving credit facilities terminate, in March 2027. The term loans borrowed under the Credit Agreement Amendment are secured by certain collateral of the Company and certain of its subsidiaries. In addition, the Credit Agreement Amendment makes modifications to certain loan documents, in order to give the Company increased flexibility to incur secured debt in the future. The Company recorded approximately $1 million of additional interest charges for third-party fees and the write-off of unamortized fees related to the Credit Agreement Amendment in the third quarter of 2022. The Company recorded approximately $2 million of additional interest charges for third-party fees incurred in connection with the execution of the Original Agreement and the write-off of unamortized fees related to the previous credit agreement in the first quarter of 2022. At December 31, 2022, the Credit Agreement includes a $300 million revolving credit facility, a $950 million multicurrency revolving credit facility and $1,450 million in term loan A facilities ($1,426 million outstanding balance at December 31, 2022, net of debt issuance costs The Credit Agreement contains various covenants that restrict, among other things and subject to certain exceptions, the ability of the Company to incur certain indebtedness and liens, make certain investments, become liable under contingent obligations in certain defined instances only, make restricted payments, make certain asset sales within guidelines and limits, engage in certain affiliate transactions, participate in sale and leaseback financing arrangements, alter its fundamental business, and amend certain subordinated debt obligations. The Credit Agreement also contains one financial maintenance covenant, a Secured Leverage Ratio (as defined in the Credit Agreement), that requires the Company not to exceed a ratio of 2.50x calculated by dividing consolidated Net Indebtedness that is then secured by Liens on property or assets of the Company and certain of its subsidiaries by Consolidated EBITDA, as each term is defined and as described in the Credit Agreement. The Secured Leverage Ratio could restrict the ability of the Company to undertake additional financing or acquisitions to the extent that such financing or acquisitions would cause the Secured Leverage Ratio to exceed the specified maximum. Failure to comply with these covenants and restrictions could result in an event of default under the Credit Agreement. In such an event, the Company could not request additional borrowings under the revolving facilities, and all amounts outstanding under the Credit Agreement, together with accrued interest, could then be declared immediately due and payable. Upon the occurrence and for the duration of a payment event of default, an additional default interest rate equal to 2.0% per annum will apply to all overdue obligations under the Credit Agreement. If an event of default occurs under the Credit Agreement and the lenders cause all of the outstanding debt obligations under the Credit Agreement to become due and payable, this would result in a default under the indentures governing the Company’s outstanding debt securities and could lead to an acceleration of obligations related to these debt securities. As of December 31, 2022, the Company was in compliance with all covenants and restrictions in the Credit Agreement. In addition, the Company believes that it will remain in compliance and that its ability to borrow additional funds under the Credit Agreement will not be adversely affected by the covenants and restrictions. The Total Leverage Ratio (as defined in the Credit Agreement) determines pricing under the Credit Agreement. The interest rate on borrowings under the Credit Agreement is, at the Company’s option, the Base Rate, Term SOFR or, for non-U.S. dollar borrowings only, the Eurocurrency Rate (each as defined in the Credit Agreement), plus an applicable margin. The applicable margin is linked to the Total Leverage Ratio. The margins range from 1.00% to 2.25% for Term SOFR loans and Eurocurrency Rate loans and from 0.00% to 1.25% for Base Rate loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from 0.20% to 0.35% per annum linked to the Total Leverage Ratio. Obligations under the Credit Agreement are secured by substantially all of the assets, excluding real estate and certain other excluded assets, of certain of the Company’s domestic subsidiaries and certain foreign subsidiaries. Such obligations are also secured by a pledge of intercompany debt and equity investments in certain of the Company’s domestic subsidiaries and, in the case of foreign obligations, of stock of certain foreign subsidiaries. All obligations under the Credit Agreement are guaranteed by certain domestic subsidiaries of the Company, and certain foreign obligations under the Credit Agreement are guaranteed by certain foreign subsidiaries of the Company. In August 2022, the Company redeemed $300 million aggregate principal amount of its 5.875% Senior Notes due 2023. Following the redemption, $250.0 million aggregate principal amount of the 5.875% Senior Notes due 2023 remained outstanding. The redemption was funded with cash on hand. The Company recorded approximately $7 million of additional interest charges for note repurchase premiums and the write-off of unamortized finance fees related to this redemption. ​ On February 10, 2022, the Company announced the commencement, by an indirect wholly owned subsidiary of the Company, of a tender offer to purchase for cash up to $250.0 million aggregate purchase price of its outstanding (i) 5.875% Senior Notes due 2023, (ii) 5.375% Senior Notes due 2025, (iii) 6.375% Senior Notes due 2025 and (iv) 6.625% Senior Notes due 2027. On February 28, 2022, the Company repurchased $150.0 million aggregate principal amount of the outstanding 5.875% Senior Notes due 2023 and $88.2 million aggregate principal amount of the outstanding 6.625% Senior Notes due 2027. Following the repurchase, $550.0 million and $611.8 million aggregate principal amounts of the 5.875% Senior Notes due 2023 and 6.625% Senior Notes due 2027, respectively, remained outstanding. The repurchases were funded with cash on hand. The Company recorded approximately $16 million of additional interest charges for note repurchase premiums and the write-off of unamortized finance fees related to the senior note repurchases conducted in the first quarter of 2022. In November 2021, the Company issued $400 million aggregate principal amount of senior notes. The senior notes bear interest at a rate of 4.75% per annum and mature on February 15, 2030. The senior notes were issued via a private placement and are guaranteed by certain of the Company’s domestic subsidiaries. The net proceeds, after deducting debt issuance costs, totaled approximately $395 million and, together with cash on hand, were used to redeem the $310 million aggregate principal amount of the Company’s outstanding 4.00% Senior Notes due 2023 and approximately $128 million of term loan A borrowings under the Previous Agreement. The Company recorded approximately $13 million of additional interest charges for note repurchase premiums and write-off of unamortized finance fees related to these redemptions. In order to maintain a capital structure containing appropriate amounts of fixed and floating-rate debt, the Company has entered into a series of interest rate swap agreements. These interest rate swap agreements were accounted for as fair value hedges (see Note 9 for more information). The Company assesses its capital raising and refinancing needs on an ongoing basis and may enter into additional credit facilities and seek to issue equity and/or debt securities in the domestic and international capital markets if market conditions are favorable. Also, depending on market conditions, the Company may elect to repurchase portions of its debt securities in the open market. Annual maturities for all of the Company’s long-term debt through 2028 and thereafter are as follows: 2023, $300 million; 2024, $805 million; 2025, $1,218 million; 2026, $92 million; 2027, $1,822 million; and 2028 and thereafter, $434 million. The carrying amounts reported for certain long-term debt obligations subject to frequently redetermined interest rates approximate fair value. Fair values for the Company’s significant fixed rate debt obligations are based on published market quotations and are classified as Level 1 in the fair value hierarchy. Fair values at December 31, 2022, of the Company’s significant fixed rate debt obligations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Amount Indicated Market Price Fair Value ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ $ 250 $ 99.78 ​ $ 249 ​ 3.125%, due 2024 (€725 million) ​ 772 ​ 97.38 ​ 752 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 97.79 ​ ​ 293 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 96.93 ​ ​ 291 ​ 2.875%, due 2025 (€500 million) ​ ​ 533 ​ ​ 96.51 ​ ​ 514 ​ 6.625%, due 2027 ​ ​ 612 ​ ​ 97.80 ​ ​ 599 ​ 4.750% due 2030 ​ ​ 400 ​ ​ 87.73 ​ ​ 351 ​ ​

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2022
Contingencies
Contingencies	15. Contingencies Asbestos From 1948 to 1958, one of the Company’s former business units commercially produced and sold approximately $40 million of a high-temperature, calcium-silicate based pipe and block insulation material containing asbestos. The Company sold its insulation business unit in April 1958. The Company historically received claims from individuals alleging bodily injury and death as a result of exposure to asbestos from this product. On December 26 and 27, 2019, the Company implemented the Corporate Modernization, whereby O-I Glass became the new parent entity with O-I Group and Paddock as direct, wholly owned subsidiaries, with Paddock as the successor-by-merger to O-I. The Company’s legacy asbestos-related liabilities remained within Paddock, with the Company’s glass-making operations remaining under O-I Group. As part of the Corporate Modernization transactions, O-I Glass entered into a support agreement with Paddock that required O-I Glass to provide funding to Paddock for all permitted uses, subject to the terms of the support agreement. The key objectives of the Paddock support agreement were to ensure that Paddock retained the ability to fund the costs and expenses of managing the Chapter 11 process, and ultimately settle current and future asbestos-related liabilities through the establishment of a trust as described below and fund certain other liabilities. On January 6, 2020 (the “Petition Date”), Paddock voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) to equitably and finally resolve all of its current and future asbestos-related liabilities. O-I Glass and O-I Group were not included in the Chapter 11 filing. During the pendency of the Chapter 11 proceeding, the activities of Paddock became subject to review and oversight by the Bankruptcy Court. As a result, the Company no longer had exclusive control over Paddock’s activities. Therefore, Paddock was deconsolidated as of the Petition Date, and its assets and liabilities, which primarily included $47 million of cash, the legacy asbestos-related liabilities, as well as certain other assets and liabilities as of the Petition Date, were derecognized from the Company’s Consolidated Financial Statements on a prospective basis. Simultaneously, the Company recognized a liability related to the Paddock support agreement of $471 million as required under applicable accounting standards. On April 26, 2021, the Company announced that (i) Paddock, (ii) the Official Committee of Asbestos Personal Injury Claimants (the “ACC”), appointed in the Paddock Chapter 11 case as the representative of current Paddock asbestos claimants, and (iii) the Legal Representative of Future Asbestos Claimants (the “FCR”), appointed in the Paddock Chapter 11 case as the representative of future Paddock asbestos claimants, had reached an agreement in principle, supported by O-I Glass, by accepting a proposal from Paddock’s court-appointed mediators setting forth total consideration to fund a trust created under section 524(g) of the Bankruptcy Code upon the effective date of a plan of reorganization for Paddock (the “Effective Date”). In connection with the agreement in principle, the Company recorded a charge of $154 million related to its potential liability under the Paddock support agreement as a recognizable subsequent event in the Company’s consolidated results of operations for the quarter ended March 31, 2021, primarily related to an increase to Paddock’s asbestos reserve estimate in consideration for the channeling injunction to be included in the Plan (as defined below) protecting the Company, each of its current and former affiliates and certain other related parties (the “Company Protected Parties”) from current and future asbestos-related personal injury claims, as well as certain other adjustments to Paddock’s assets and liabilities, including estimated professional fees and expenses to be incurred in confirming and implementing the Plan. This charge was recorded to Other income (expense), net on the Consolidated Results of Operations. On January 12, 2022, Paddock, O-I Glass, the FCR and the ACC jointly filed the Plan of Reorganization for Paddock Enterprises, LLC Under Chapter 11 of the Bankruptcy Code, dated January 12, 2022 (including any supplements and exhibits thereto, as amended, modified or supplemented from time to time in accordance with the terms thereof, the “Plan”). Amended versions of the Plan were subsequently filed on February 14, 2022, April 1, 2022, and May 24, 2022. The Plan incorporates and implements the agreement in principle described herein. On May 26, 2022, the Bankruptcy Court entered an order confirming the Plan and recommending that the District Court affirm such confirmation. On June 22, 2022, the District Court entered an order affirming the confirmation order previously issued by the Bankruptcy Court. On July 8, 2022, the Effective Date of the Plan occurred. ​ Under the confirmed and effective Plan, the Paddock Trust was created pursuant to the provisions of section 524(g) of the Bankruptcy Code and was funded with Pursuant to the Plan, Paddock issued a promissory note (the “Trust Note”) in the principal amount of ​ As a result of the funding of the Paddock Trust and the cancellation of the pledge of equity interests in reorganized Paddock, on July 20, 2022, the Company regained exclusive control over reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, reorganized Paddock was reconsolidated, and its remaining assets totaling $18 million (including $12 million of cash and cash equivalents) and liabilities totaling $30 million were recognized in the Company’s Consolidated Financial Statements. The funding of the Paddock Trust and certain related expenses resulted in an operating cash outflow of $621 million in the Company’s Consolidated Cash Flows during 2022. ​ Other Matters ​ The Company has recorded aggregate accruals of approximately $25 million (undiscounted) as of December 31, 2022 for estimated future remediation costs and associated penalties at these sites. The majority of these accruals arise from the reconsolidation of Paddock in 2022. 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 2021, the Company recorded a $71 million gain based on a favorable court ruling in Brazil, which will allow the Company to recover indirect taxes paid in previous years. This gain was recorded to Other income (expense), net on the Consolidated Results of Operations, as well as $21 million of income tax expense. ​ Other litigation is pending against the Company, in some cases involving ordinary and routine claims incidental to the business of the Company and in others presenting allegations that are non-routine and involve compensatory, punitive or treble damage claims as well as other types of relief. The Company records a liability for such matters when it is both probable that the liability has been incurred and the amount of the liability can be reasonably estimated. Recorded amounts are reviewed and adjusted to reflect changes in the factors upon which the estimates are based, including additional information, negotiations, settlements and other events. ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	16. Accumulated Other Comprehensive Income (Loss) The components of comprehensive income are: (a) net earnings; (b) change in fair value of certain derivative instruments; (c) pension and other postretirement benefit adjustments; and (d) foreign currency translation adjustments. The net effect of exchange rate fluctuations generally reflects changes in the relative strength of the U.S. dollar against major foreign currencies between the beginning and end of the year. ​ The following table lists the beginning balance, annual activity and ending balance of each component of accumulated other comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ Other ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Income (Loss) Balance on January 1, 2020 ​ $ (813) ​ $ (14) ​ $ (1,016) ​ $ (1,843) Change before reclassifications ​ ​ (267) ​ ​ (156) ​ ​ (32) ​ ​ (455) Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ 112 (a) ​ 68 (b) ​ 180 Amounts reclassified from accumulated other comprehensive income (loss) related to the ANZ sale ​ ​ (149) ​ ​ 1 ​ ​ 4 ​ ​ (144) Translation effect ​ ​ ​ ​ ​ (2) ​ ​ (9) ​ ​ (11) Tax effect ​ ​ ​ ​ ​ (1) ​ ​ 2 ​ ​ 1 Other comprehensive income (loss) attributable to the Company ​ ​ (416) ​ ​ (46) ​ ​ 33 ​ ​ (429) Balance on December 31, 2020 ​ ​ (1,229) ​ ​ (60) ​ ​ (983) ​ ​ (2,272) Change before reclassifications ​ (61) ​ ​ 119 ​ ​ 165 ​ 223 Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ (80) (a) ​ 148 (b) 68 Translation effect ​ ​ ​ ​ ​ 1 ​ ​ 9 ​ ​ 10 Tax effect ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ (1) Other comprehensive income (loss) attributable to the Company ​ (61) ​ 39 ​ 322 ​ 300 Balance on December 31, 2021 ​ ​ (1,290) ​ ​ (21) ​ ​ (661) ​ ​ (1,972) Change before reclassifications ​ 10 ​ ​ 60 ​ ​ (24) ​ 46 Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ (27) (a) ​ 69 (b) 42 Translation effect ​ ​ ​ ​ ​ (5) ​ ​ 21 ​ ​ 16 Tax effect ​ ​ ​ ​ ​ (3) ​ ​ 10 ​ 7 Other comprehensive income (loss) attributable to the Company ​ 10 ​ 25 ​ 76 ​ 111 Balance on December 31, 2022 ​ $ (1,280) ​ $ 4 ​ $ (585) ​ $ (1,861) (a) Amount is recorded to other income (expense), net and interest expense, net on the Consolidated Results of Operations (see Note 9 for additional information). (b) Amount is included in the computation of net periodic pension cost and net postretirement benefit cost (see Note 11 for additional information).

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Dec. 31, 2022
Stock Based Compensation
Stock Based Compensation	17. Stock Based Compensation The Company has various nonqualified plans approved by share owners under which it has granted stock options, restricted shares and performance vested restricted share units. Starting with the 2017 equity awards, the Company has allocated these awards solely in the form of restricted shares and performance vested restricted share units. As such, the Company’s annual compensation expense related to stock option awards is immaterial . shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was Restricted Shares and Restricted Share Units Restricted share units granted to employees vest over three years beginning on the first anniversary. Granted but unvested restricted share units are forfeited upon termination, unless certain retirement criteria are met. Holders of vested restricted share units receive one share of the Company’s common stock for each unit as units vest. Restricted share units granted to directors vest after The fair value of the restricted shares and restricted share units is equal to the market price of the Company’s common stock on the date of the grant. The fair value of restricted shares and restricted share units, is amortized over the vesting periods which range from one The activity of restricted shares and restricted share units is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Restricted ​ Grant-Date ​ ​ Shares ​ Fair Value ​ ​ (thousands) ​ (per share) Nonvested at January 1, 2022 1,797 ​ $ 12.83 ​ Granted 980 ​ ​ 11.92 ​ Vested (729) ​ ​ 14.15 ​ Forfeited (59) ​ ​ 11.64 ​ Nonvested at December 31, 2022 1,989 ​ 11.94 ​ Awards granted during 2021 ​ ​ ​ $ 12.83 ​ Awards granted during 2020 ​ ​ ​ $ 12.54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Total fair value of shares vested ​ $ 10 ​ $ 9 ​ $ 9 ​ ​ Performance Vested Restricted Share Units Performance vested restricted share units vest on January 1 of the third year following the year in which they are granted. Holders of vested units may receive up to shares of the Company’s common stock for each unit, depending upon the attainment of consolidated performance goals established by the Compensation and Talent Development Committee of the Company’s Board of Directors. If minimum goals are not met, no shares will be issued. Granted but unvested restricted share units are forfeited upon termination of employment, unless certain retirement criteria are met. The fair value of each performance vested restricted share unit is equal to the product of the fair value of the Company’s common stock on the date of grant and the estimated number of shares into which the performance vested restricted share unit will be converted. The fair value of performance vested restricted share units is amortized ratably over the vesting period. Should the estimated number of shares into which the performance vested restricted share unit will be converted change, an adjustment will be recorded to recognize the accumulated difference in amortization between the revised and previous estimates. ​ Performance vested restricted share unit activity is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Performance Weighted Average ​ ​ Vested Restricted Shares ​ Grant-Date Fair Value ​ ​ Units (thousands) ​ (per unit) Nonvested at January 1, 2022 2,935 ​ $ 12.70 ​ Granted 1,241 ​ 14.56 ​ Vested ​ ​ ​ ​ Forfeited/Cancelled (710) ​ 18.48 ​ Nonvested at December 31, 2022 3,466 ​ 12.19 ​ Awards granted during 2021 ​ ​ ​ $ 12.70 ​ Awards granted during 2020 ​ ​ ​ $ 14.63 ​ ​ No shares were issued in 2022 related to performance vested restricted share units. As of December 31, 2022, there was $20 million of total unrecognized compensation cost related to all unvested stock options, restricted shares, restricted share units and performance vested restricted share units. That cost is expected to be recognized over a weighted average period of approximately

Other Income (Expense), net

Other Income (Expense), net	12 Months Ended
	Dec. 31, 2022
Other Income (Expense), net
Other Income (Expense), net	​ ​ 18. Other Income (Expense), net Other income (expense), net for the years ended December 31, 2022, 2021 and 2020 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 ​ Charge related to Paddock support agreement liability (see Note 15) ​ $ ​ ​ $ (154) ​ $ ​ ​ Pension settlement charges (see Note 11) ​ ​ (20) ​ ​ (74) ​ ​ (26) ​ Restructuring, asset impairment and other charges ​ ​ (53) ​ ​ (35) ​ ​ (106) ​ Gain on sale of divested businesses and miscellaneous assets (see Note 22) ​ ​ 55 ​ ​ 84 ​ ​ ​ ​ Brazil indirect tax credit (see Note 15) ​ ​ ​ ​ ​ 71 ​ ​ ​ ​ Gain on sale of ANZ businesses (see Note 22) ​ ​ ​ ​ ​ ​ ​ ​ 275 ​ Gain on sale leasebacks (see Note 22) ​ ​ 334 ​ ​ ​ ​ ​ ​ ​ Intangible amortization expense ​ ​ (33) ​ ​ (34) ​ ​ (33) ​ Strategic transaction and corporate modernization costs ​ ​ ​ ​ ​ ​ ​ ​ (8) ​ Charge for deconsolidation of Paddock (see Note 15) ​ ​ ​ ​ ​ ​ ​ ​ (14) ​ Royalty income ​ ​ 24 ​ ​ 24 ​ ​ 12 ​ Foreign currency exchange loss ​ ​ (2) ​ ​ (3) ​ ​ (4) ​ Other income (expense), net ​ ​ (6) ​ ​ 3 ​ ​ (9) ​ ​ ​ $ 299 ​ $ (118) ​ $ 87 ​ ​

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share
Earnings Per Share	19. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to the Company ​ $ 584 ​ $ 149 ​ $ 249 Denominator (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,309 ​ 157,150 ​ 156,806 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,676 ​ 3,159 ​ 1,979 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,985 ​ 160,309 ​ 158,785 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 3.76 ​ $ 0.90 ​ $ 1.59 Gain from discontinued operations ​ ​ ​ 0.05 ​ ​ Net earnings ​ $ 3.76 ​ $ 0.95 ​ $ 1.59 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 3.67 ​ $ 0.88 ​ $ 1.57 Gain from discontinued operations ​ ​ ​ 0.05 ​ ​ Net earnings ​ $ 3.67 ​ $ 0.93 ​ $ 1.57 ​ The diluted earnings per share computation for the years ended December 31, 2022, 2021, and 2020 excludes 786,032, 1,199,000 and 2,333,339 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options, unvested restricted stock units and performance vested restricted share units. Options were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock. On December 26 and 27, 2019, the Company implemented the Corporate Modernization, which involved a series of transactions, including the Merger. Upon the effectiveness of the Merger, each share of O-I stock held immediately prior to the Merger automatically converted into a right to receive an equivalent corresponding share of O-I Glass Common Stock, having the same designations, rights, powers and preferences and the qualifications, limitations, and restrictions as the corresponding share of O-I stock being converted. In connection with the Merger and pursuant to the Merger Agreement, each option to purchase a share of O-I common stock, each award of restricted shares of O-I common stock, each award of time-based restricted stock units covering shares of O-I common stock, each award of performance-based restricted stock units covering shares of O-I common stock and each dividend equivalent covering one share of O-I common stock, in each case, that was outstanding immediately prior to the effective time of the Merger (collectively, the “Company Equity Awards”) was converted into an O-I Glass Equity Award. Each O-I Glass Equity Award continues to be subject to the same terms and conditions (including vesting schedule and performance, forfeiture and termination conditions) that applied to the corresponding Company Equity Award immediately prior to the effective time of the Merger.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Information
Supplemental Cash Flow Information	20. Supplemental Cash Flow Information Changes in the components of working capital related to operations (net of the effects related to acquisitions and divestitures) were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Decrease (increase) in current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables - change in factoring ​ $ 54 ​ $ 45 ​ $ (103) Receivables - all other changes ​ ​ (137) ​ ​ (191) ​ ​ (29) Inventories ​ (61) ​ (32) ​ 75 Prepaid expenses and other ​ (6) ​ (15) ​ (30) Increase (decrease) in current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ 146 ​ 161 ​ (67) Accrued liabilities ​ 45 ​ (30) ​ (43) Salaries and wages ​ 19 ​ 30 ​ 24 U.S. and foreign income taxes ​ ​ 35 ​ 19 ​ (8) ​ ​ $ 95 ​ $ (13) ​ $ (181) ​ The Company uses various factoring programs to sell certain trade receivables to financial institutions as part of managing its cash flows. At December 31, 2022, 2021 and 2020, the total amount of trade receivables sold by the Company was million, respectively. These amounts included million at December 31, 2022, 2021 and 2020, respectively, for trade receivable amounts factored under supply-chain financing programs linked to commercial arrangements with key customers. Income taxes paid in cash were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 ​ U.S. ​ $ 14 ​ $ 9 ​ $ 1 ​ Non-U.S. ​ 157 ​ 102 ​ 90 ​ Total income taxes paid in cash ​ $ 171 ​ $ 111 ​ $ 91 ​ ​ Interest paid in cash, including note repurchase premiums, for the years ended December 31, 2022, 2021 and 2020 was $234 million, $209 million and $252 million, respectively. Cash interest for the years ended December 31, 2022, 2021 and 2020 included

COVID-19 Impacts

COVID-19 Impacts	12 Months Ended
	Dec. 31, 2022
COVID-19 Impacts
COVID-19 Impacts	21. COVID-19 Impacts On March 11, 2020, the World Health Organization characterized COVID-19 as a global pandemic and recommended containment and mitigation measures. The Company is actively monitoring the impact of the COVID-19 pandemic, which negatively impacted its business in 2020 and, to a lesser extent, in 2021 and 2022 ​ The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates particularly as it relates to estimates reliant on forecasts and other assumptions reasonably available to the Company and the uncertain future impacts of the COVID-19 pandemic and related economic disruptions. The extent to which the COVID-19 pandemic and related economic disruptions impact the Company’s business and financial results will depend on future developments including, but not limited to, the continued spread, duration and severity of the COVID-19 pandemic; the occurrence, spread, duration and severity of any subsequent wave or waves of outbreaks after the initial outbreak has subsided; the actions taken by the U.S. and foreign governments to contain the COVID-19 pandemic, address its impact or respond to the reduction in global and local economic activity; the occurrence, duration and severity of a global, regional or national recession, depression or other sustained adverse market event; the impact of the developments described above on its customers and suppliers; and how quickly and to what extent normal economic and operating conditions can resume. The accounting matters assessed included, but were not limited to: ​ • allowance for doubtful accounts and credit losses; ​ • carrying value of inventory; and ​ • the carrying value of goodwill and other long-lived assets. ​ There was no material impact to the above estimates in the Company’s Consolidated Financial Statements for the year ended December 31, 2022. The Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material changes to the estimates and material impacts to the Company’s Consolidated Financial Statements in future reporting periods.

Divestitures and Sale Leaseback

Divestitures and Sale Leasebacks of Land and Building	12 Months Ended
	Dec. 31, 2022
Divestitures and Sale Leasebacks of Land and Building
Divestitures and Sale Leasebacks of Land and Building	22. Divestitures and Sale Leasebacks of Land and Buildings For the year ended December 31, 2022, the Company recorded pretax gains of approximately million related to the sale of the Company’s glass tableware business in Colombia. Additional details of these transactions are described below. ​ In August 2022, the Company completed the sale of the land and building related to its Vernon, California (Los Angeles) plant to 2900 Fruitland Avenue Investors LLC and 2901 Fruitland Avenue Investors LLC (“Fruitland”). Proceeds from the sale were approximately $181 million and the Company recorded a pretax gain of approximately $153 million (approximately $153 million after tax) on the sale, which is reflected in Other income (expense), net on the Consolidated Results of Operations. ​ In connection with this transaction, the Company entered into a lease for the land and building with Fruitland for the Vernon, California plant for an initial term of 10 years . The lease requires the Company to make rent payments of approximately $7.2 million in the first year, gradually increasing to approximately $10.3 million in the tenth year. The lease is classified as operating and was recorded as a right-of-use asset (included in Other assets on the Consolidated Balance Sheet) with a balance of approximately $61 million, a current operating lease liability (included in Other liabilities on the Consolidated Balance Sheet) with a balance of approximately $4 million and a noncurrent operating lease liability (included in Other long-term liabilities on the Consolidated Balance Sheet) with a balance of approximately $58 million as of December 31, 2022. ​ In May 2022, the Company completed the sale of the land and building related to its Brampton, Ontario, Canada plant to an affiliate of Crestpoint Real Estate Investments Ltd. (“Crestpoint”). Net proceeds were approximately $190 million, and the Company recorded a pretax gain of approximately $181 million (approximately $158 million after tax) on the sale, which is reflected in Other income (expense), net on the Consolidated Results of Operations. ​ In connection with this transaction, the Company entered into a lease for the land and building with Crestpoint for the Brampton, Ontario plant for an initial term of 10 years . The lease requires the Company to make rent payments of approximately $7.3 million in the first year, gradually increasing to approximately $9.1 million in the tenth year. The lease is classified as operating and was recorded as a right-of-use asset (included in Other assets on the Consolidated Balance Sheet) with a balance of approximately $54 million, a current operating lease liability (included in Other liabilities on the Consolidated Balance Sheet) with a balance of approximately $4 million and a noncurrent operating lease liability (included in Other long-term liabilities on the Consolidated Balance Sheet) with a balance of approximately $51 million as of December 31, 2022. ​ In March 2022, the Company completed the sale of its Cristar TableTop S.A.S. business to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. Gross proceeds received were approximately $96 million and the related pretax gain recorded was approximately $55 million (approximately $16 million after tax and noncontrolling interest) in the first quarter of 2022. The pretax gain was recorded to Other income (expense), net on the Consolidated Results of Operations. ​ In December 2021, the Company completed the sale of its Le Parfait brand in Europe and a previously closed plant in the Americas. Gross proceeds on these divestitures were approximately ​ In January 2021, the Company completed the sale of its plant in Argentina. Gross proceeds were approximately ​ On July 31, 2020, the Company completed the sale of its ANZ businesses to Visy, an unaffiliated company. Gross proceeds approximated AUD

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Dec. 31, 2022
Assets Held for Sale
Assets Held for Sale	23. Assets Held for Sale In December 2021, the Company entered into a definitive agreement to sell Cristar TableTop S.A.S. (“Cristar”) to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. The sale was completed in March 2022 (see Note 22 for additional information). Cristar owned a dedicated tableware manufacturing plant in Buga, Colombia, that exports tableware to approximately The business and its associated assets and liabilities met the criteria for presentation as held for sale and as such the assets and liabilities associated with the transaction are separately classified as held for sale in the Consolidated Balance Sheet as of December 31, 2021 and depreciation of long-lived assets ceased. The planned divestiture did not meet the criteria for presentation as a discontinued operation. The major classes of assets and liabilities held for sale were as follows: ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Cash ​ $ 3 Accounts receivable, net ​ ​ 13 Inventories ​ ​ 7 Property, plant and equipment, net ​ ​ 8 Goodwill ​ ​ 18 Total assets held for sale ​ $ 49 ​ ​ ​ ​ Accounts payable ​ $ 10 Other accrued liabilities ​ ​ 3 Total liabilities related to assets held for sale ​ $ 13 ​

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)	12 Months Ended
	Dec. 31, 2022
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)	O-I GLASS, INC. SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED) Years ended December 31, 2022, 2021, and 2020 (Millions of Dollars) Reserves deducted from assets in the balance sheets: Allowances for losses and discounts on receivables ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions ​ ​ ​ ​ ​ ​ ​ Balance at Charged to ​ ​ Balance ​ ​ beginning ​ costs and ​ ​ ​ ​ Deductions ​ at end of ​ ​ of period ​ expenses ​ Other ​ (Note 1) ​ period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 28 ​ $ 8 ​ $ (1) ​ $ (7) ​ $ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ $ 33 ​ $ 6 ​ $ (2) ​ $ (9) ​ $ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ $ 32 ​ $ 6 ​ $ (2) ​ $ (3) ​ $ 33 ​ (1) Deductions from allowances for losses and discounts on receivables represent uncollectible notes and accounts written off. Valuation allowance on net deferred tax assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ Charged to other ​ ​ ​ ​ Balance at ​ ​ beginning of ​ Charged to ​ comprehensive ​ Foreign currency ​ ​ ​ ​ end of ​ ​ period ​ income ​ income ​ translation ​ Other ​ period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 512 ​ $ (36) ​ $ (25) ​ $ (6) ​ $ ​ ​ $ 445 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ $ 493 ​ $ 93 ​ $ (67) ​ $ (4) ​ $ (3) ​ $ 512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ $ 462 ​ $ 59 ​ $ 3 ​ $ 7 ​ $ (38) ​ $ 493 ​

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies
Basis of Consolidated Statements	Basis of Consolidated Statements The Consolidated Financial Statements of the Company (as defined below) include the accounts of its subsidiaries. Newly acquired subsidiaries have been included in the Consolidated Financial Statements from dates of acquisition. The Company uses the equity method of accounting for investments in which it has a significant influence and generally an ownership interest of 20% to 50% . The Company monitors other than temporary declines in fair value and records reductions in carrying values when appropriate.
Nature of Operations	Nature of Operations The Company is a leading manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company has glass container operations located in countries. The principal markets and operations for the Company’s products are in the Americas and Europe. The term “Company,” as used herein and unless otherwise stated or indicated by context, refers to Owens-Illinois, Inc. (“O-I”) prior to the Corporate Modernization (as defined below) and to O-I Glass, Inc. (“O-I Glass”) after the Corporate Modernization. On December 26 and 27, 2019, the Company implemented the Corporate Modernization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 26, 2019, among O-I, O-I Glass and Paddock Enterprises, LLC (“Paddock”). The Corporate Modernization was conducted pursuant to Section 251(g) of the General Corporation Law of the State of Delaware, which permits the creation of a holding company through a merger with a direct or indirect wholly owned subsidiary of the constituent corporation without stockholder approval. The Corporate Modernization involved a series of transactions (together with certain related transactions, the “Corporate Modernization”) pursuant to which (1) O-I formed a new holding company, O-I Glass, as a direct wholly owned subsidiary of O-I and a sister company to Owens-Illinois Group, Inc. (“O-I Group”), (2) O-I Glass formed a new Delaware limited liability company, Paddock, as a direct wholly owned subsidiary of O-I Glass, (3) O-I merged with and into Paddock, with Paddock continuing as the surviving entity and as a direct wholly owned subsidiary of O-I Glass (the “Merger”) and (4) Paddock distributed Upon the effectiveness of the Merger, each share of O-I stock held immediately prior to the Merger automatically converted into a right to receive an equivalent corresponding share of O-I Glass stock, having the same designations, rights, powers and preferences, qualifications, limitations, and restrictions as the corresponding share of O-I stock being converted. Immediately after the Corporate Modernization, O-I Glass had, on a consolidated basis, the same assets, businesses and operations as O-I had immediately prior to the Corporate Modernization. After the Corporate Modernization, O-I’s stockholders became stockholders of O-I Glass. The implementation of the Corporate Modernization was accounted for as a merger under common control.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management of the Company to make estimates and assumptions that affect certain amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates, at which time the Company would revise its estimates accordingly.
Revenue Recognition	Revenue Recognition Revenue is recognized at the point in time when obligations under the terms of the Company’s contracts and related purchase orders with its customers are satisfied, which primarily takes place when products are shipped from the Company’s manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue.
Shipping and Handling Costs	Shipping and Handling Costs
Stock-Based Compensation	Stock-Based Compensation The Company has various stock-based compensation plans consisting of performance and restricted share awards. Costs resulting from all share-based compensation plans are required to be recognized in the financial statements. A public entity is required to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the required service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the required service.
Cash	Cash The Company defines “cash” as cash and time deposits with maturities of three months or less when purchased. Outstanding checks in excess of funds on deposit are included in accounts payable.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable Receivables are stated at amounts estimated by management to be the net realizable value. The Company charges off accounts receivable when it becomes apparent based upon age or customer circumstances that amounts will not be collected. Allowance for Doubtful Accounts The allowance for doubtful accounts is established through charges to the provision for bad debts. The Company evaluates the adequacy of the allowance for doubtful accounts on a periodic basis. The evaluation includes historical trends in collections and write-offs, information on current economic conditions and future forecasts and management’s evaluation of business risk.
Inventory Valuation	Inventory Valuation Inventories are valued at the lower of cost or net realizable value.
Goodwill	Goodwill Goodwill represents the excess of cost over fair value of net assets of businesses acquired. Goodwill is evaluated annually, as of October 1, for impairment or more frequently if an impairment indicator exists, by comparing the estimated fair value of each reporting unit to its carrying value. If the carrying value exceeds the fair value, an impairment charge is recorded in the period of the evaluation based on that difference.
Intangible Assets and Other Long-Lived Assets	Intangible Assets and Other Long-Lived Assets Intangible assets are amortized over the expected useful life of the asset. Amortization expense directly attributed to the manufacturing of the Company’s products is included in cost of goods sold. Amortization expense related to non-manufacturing activities is included in Selling and administrative expense and Other expense, net. The Company evaluates the recoverability of intangible assets and other long-lived assets based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment (“PP&E”) is carried at cost and includes expenditures for new facilities and equipment and those costs which substantially increase the useful lives or capacity of existing PP&E. In general, depreciation is computed using the straight-line method and recorded over the estimated useful life of the asset. Factory machinery and equipment is depreciated over periods ranging from 5 7 . Buildings and building equipment are depreciated over periods ranging from 10 in cost of goods sold. Depreciation expense related to non-manufacturing activities is included in Selling and administrative. Depreciation expense includes the amortization of assets recorded under financing leases. Maintenance and repairs are expensed as incurred. Costs assigned to PP&E of acquired businesses are based on estimated fair values at the date of acquisition. The Company evaluates the recoverability of PP&E based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value.
Derivative Instruments	Derivative Instruments The Company uses derivative instruments to manage risks generally associated with foreign exchange rate, interest rate and commodity market volatility. Derivative financial instruments are included on the balance sheet at fair value. The Company does not enter into derivative financial instruments for trading purposes and is not a party to leveraged derivatives. In the consolidated statement of cash flows, the settlement of derivative instruments designated as hedges is typically recorded in the category that is consistent with the nature of the underlying item being hedged.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Generally accepted accounting principles defines a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs for which there is little or no market data, which requires the Company to develop assumptions. The carrying amounts reported for cash and short-term loans approximate fair value. In addition, carrying amounts approximate fair value for certain long-term debt obligations subject to frequently redetermined interest rates. Fair values for the Company’s significant fixed rate debt obligations are generally based on published market quotations.
New Accounting Standards	New Accounting Standards In September 2022, the FASB issued ASU 2022-04, “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations”. This finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. This ASU is effective for fiscal years beginning after December 15, 2022, except for the amendment on roll forward information which is effective for fiscal years beginning after December 15, 2023. The Company is evaluating the impact of this ASU.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Information
Net sales for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 3,835 ​ $ 3,557 ​ $ 3,322 Europe ​ ​ 2,878 ​ ​ 2,687 ​ ​ 2,364 Asia Pacific ​ ​ ​ ​ ​ 281 Reportable segment totals ​ 6,713 ​ 6,244 ​ 5,967 Other ​ 143 ​ 113 ​ 124 Net sales ​ $ 6,856 ​ $ 6,357 ​ $ 6,091 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Earnings from continuing operations before income taxes ​ $ 805 ​ $ 332 ​ $ 353 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ 232 ​ 171 ​ 145 ​ Gain on sale of divested businesses and miscellaneous assets ​ ​ (55) ​ (84) ​ ​ ​ Gain on sale leasebacks ​ ​ (334) ​ ​ ​ ​ ​ ​ ​ Restructuring, asset impairment and other charges ​ 53 ​ 35 ​ 142 ​ Brazil indirect tax credit ​ ​ ​ ​ ​ (71) ​ ​ ​ ​ Charge related to Paddock support agreement liability ​ ​ ​ ​ ​ 154 ​ ​ ​ ​ Charge for deconsolidation of Paddock ​ ​ ​ ​ ​ ​ ​ ​ 14 ​ Gain on sale of ANZ businesses ​ ​ ​ ​ ​ ​ ​ ​ (275) ​ Strategic transaction and corp. modernization costs ​ ​ ​ ​ ​ ​ ​ ​ 8 ​ Pension settlement charges ​ ​ 20 ​ ​ 74 ​ ​ 26 ​ Interest expense, net ​ ​ 239 ​ ​ 216 ​ ​ 265 ​ Segment operating profit ​ $ 960 ​ $ 827 ​ $ 678 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 472 ​ $ 456 ​ $ 395 ​ Europe ​ 488 ​ 371 ​ 264 ​ Asia Pacific ​ ​ ​ ​ ​ ​ ​ ​ 19 ​ Reportable segment totals ​ $ 960 ​ $ 827 ​ $ 678 ​ ​
Segment operating profit (loss) for the Company's reportable segments	​
Assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Retained Consoli- ​ ​ ​ ​ ​ ​ ​ Asia ​ Segment ​ Corp Costs ​ dated ​ ​ Americas ​ Europe ​ Pacific ​ Totals ​ and Other ​ Totals Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 5,109 ​ $ 3,392 ​ $ — ​ $ 8,501 ​ $ 560 ​ $ 9,061 ​ 2021 ​ ​ 4,853 ​ ​ 3,513 ​ ​ ​ ​ ​ 8,366 ​ ​ 466 ​ ​ 8,832 ​ 2020 ​ ​ 4,927 ​ ​ 3,507 ​ ​ ​ ​ ​ 8,434 ​ ​ 448 ​ ​ 8,882 ​ Equity investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 488 ​ $ 146 ​ $ — ​ $ 634 ​ $ 61 ​ $ 695 ​ 2021 ​ ​ 458 ​ ​ 121 ​ ​ ​ ​ ​ 579 ​ ​ 64 ​ ​ 643 ​ 2020 ​ ​ 492 ​ ​ 120 ​ ​ ​ ​ ​ 612 ​ ​ 61 ​ ​ 673 ​ Equity earnings (losses): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 64 ​ $ 43 ​ $ — ​ $ 107 ​ $ — ​ $ 107 ​ 2021 ​ ​ 58 ​ ​ 28 ​ ​ ​ ​ ​ 86 ​ ​ 4 ​ ​ 90 ​ 2020 ​ ​ 51 ​ ​ 23 ​ ​ ​ ​ ​ 74 ​ ​ (37) ​ ​ 37 ​ Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 339 ​ $ 192 ​ $ — ​ $ 531 ​ $ 8 ​ $ 539 ​ 2021 ​ ​ 211 ​ ​ 180 ​ ​ ​ ​ ​ 391 ​ ​ 7 ​ ​ 398 ​ 2020 ​ ​ 146 ​ ​ 138 ​ ​ 20 ​ ​ 304 ​ ​ 7 ​ ​ 311 ​ Depreciation and amortization expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ $ 278 ​ $ 152 ​ $ — ​ $ 430 ​ $ 24 ​ $ 454 ​ 2021 ​ ​ 269 ​ ​ 154 ​ ​ ​ ​ ​ 423 ​ ​ 26 ​ ​ 449 ​ 2020 ​ ​ 270 ​ ​ 146 ​ ​ 28 ​ ​ 444 ​ ​ 24 ​ ​ 468 ​ ​
Schedule of segment information by geographic segment	The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Non-U.S. Total 2022 ​ $ 766 ​ $ 2,421 ​ $ 3,187 ​ 2021 ​ 740 ​ ​ 2,193 ​ ​ 2,933 ​ 2020 ​ 751 ​ ​ 2,294 ​ ​ 3,045 ​ ​ The Company’s net sales by geographic region are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Non-U.S. Total 2022 ​ $ 1,941 ​ $ 4,915 ​ $ 6,856 ​ 2021 ​ 1,806 ​ ​ 4,551 ​ ​ 6,357 ​ 2020 ​ 1,791 ​ ​ 4,300 ​ ​ 6,091 ​ ​

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue
Schedule of disaggregation of revenue by customer end use	​ The following table for the year ended December 31, 2022 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,367 $ 2,169 $ 4,536 Food and other ​ 832 ​ 467 ​ 1,299 Non-alcoholic beverages ​ 636 ​ 242 ​ 878 Reportable segment totals ​ $ 3,835 ​ $ 2,878 ​ $ 6,713 Other ​ ​ ​ ​ ​ ​ ​ 143 Net sales ​ ​ ​ ​ ​ ​ $ 6,856 ​ The following table for the year ended December 31, 2021 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,165 $ 1,976 $ 4,141 Food and other ​ 830 ​ 487 ​ 1,317 Non-alcoholic beverages ​ 562 ​ 224 ​ 786 Reportable segment totals ​ $ 3,557 ​ $ 2,687 ​ $ 6,244 Other ​ ​ ​ ​ ​ ​ ​ 113 Net sales ​ ​ ​ ​ ​ ​ $ 6,357 ​ The following table for the year ended December 31, 2020 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 2,008 $ 1,681 $ 217 ​ $ 3,906 Food and other ​ 823 ​ 481 ​ 38 ​ 1,342 Non-alcoholic beverages ​ 491 ​ 202 ​ 26 ​ 719 Reportable segment totals ​ $ 3,322 ​ $ 2,364 ​ $ 281 ​ $ 5,967 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 124 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,091

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventories
Major classes of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Finished goods ​ $ 667 ​ $ 659 ​ Raw materials ​ 137 ​ 119 ​ Operating supplies ​ 44 ​ 38 ​ ​ ​ $ 848 ​ $ 816 ​

Equity Investments (Tables)

Equity Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Investments
Company's ownership percentage in affiliates	​ At December 31, 2022, the Company’s ownership percentage in affiliates include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ O-I Ownership ​ ​ Affiliates Percentage Business Type Empresas Comegua S.A. ​ 49.7 % ​ Glass container manufacturer ​ BJC O-I Glass Pte. Ltd. ​ 50 % ​ Glass container manufacturer ​ CO Vidrieria SARL ("COV") ​ 50 % ​ Glass container manufacturer ​ Rocky Mountain Bottle Company ​ 50 % ​ Glass container manufacturer ​ Vetrerie Meridionali SpA ("VeMe") ​ 50 % ​ Glass container manufacturer ​ Vetri Speciali SpA ​ 50 % ​ Specialty glass manufacturer ​ ​
Equity in earnings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Equity in earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. ​ $ 101 ​ $ 83 ​ $ 29 ​ U.S. ​ 6 ​ 7 ​ 8 ​ Total ​ $ 107 ​ $ 90 ​ $ 37 ​ Dividends received ​ $ 71 ​ $ 103 ​ $ 58 ​ ​
Summary of balance sheet information of equity investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 At end of year: ​ ​ ​ ​ ​ ​ ​ Current assets ​ $ 641 ​ $ 557 ​ Non-current assets ​ 1,369 ​ 1,317 ​ Total assets ​ 2,010 ​ 1,874 ​ Current liabilities ​ 426 ​ 386 ​ Other liabilities and deferred items ​ 207 ​ 195 ​ Total liabilities and deferred items ​ 633 ​ 581 ​ Net assets ​ $ 1,377 ​ $ 1,293 ​ ​
Summary of income statement information of equity investments	​

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets
Schedule of changes in carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Europe ​ Americas ​ Total Balance as of January 1, 2020 ​ $ 859 ​ $ 1,075 ​ $ 1,934 Translation effects ​ ​ 74 ​ ​ (57) ​ ​ 17 Balance as of December 31, 2020 ​ ​ 933 ​ ​ 1,018 ​ ​ 1,951 Divestiture related adjustments ​ ​ ​ ​ ​ (3) ​ ​ (3) Reclassified as held for sale ​ ​ ​ ​ ​ (18) ​ ​ (18) Translation effects ​ (67) ​ ​ (23) ​ ​ (90) Balance as of December 31, 2021 ​ ​ 866 ​ ​ 974 ​ ​ 1,840 Translation effects ​ ​ (48) ​ ​ 21 ​ ​ (27) Balance as of December 31, 2022 ​ $ 818 ​ $ 995 ​ $ 1,813 ​

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Other Assets
Schedule of other assets (noncurrent)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Right of use lease assets ​ $ 225 ​ $ 116 ​ Deferred tax assets ​ ​ 117 ​ ​ 152 ​ Deferred returnable packaging costs ​ 90 ​ 80 ​ Repair part inventories ​ ​ 120 ​ ​ 117 ​ Capitalized software ​ 44 ​ 49 ​ Value added taxes ​ 15 ​ 10 ​ Other ​ 55 ​ 53 ​ ​ ​ $ 666 ​ $ 577 ​

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments
Balance Sheet Classification of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ ​ $ 3 ​ $ — ​ $ 9 ​ $ — Interest rate swaps - fair value hedges (b) ​ ​ ​ ​ ​ ​ 4 ​ ​ 44 ​ ​ 2 Cash flow hedges of foreign exchange risk (c) ​ ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 23 Fair value hedges of foreign exchange risk (d) ​ ​ ​ 7 ​ ​ 9 ​ ​ 62 ​ ​ ​ Net investment hedges (e) ​ ​ ​ 3 ​ ​ 3 ​ ​ 28 ​ ​ 17 Total derivatives accounted for as hedges ​ ​ $ 13 ​ $ 18 ​ $ 143 ​ $ 42 Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ ​ 5 ​ ​ 1 ​ ​ 2 ​ ​ 2 Total derivatives ​ ​ $ 18 ​ $ 19 ​ $ 145 ​ $ 44 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ $ 15 ​ $ 14 ​ $ 32 ​ $ 2 Noncurrent ​ ​ ​ 3 ​ ​ 5 ​ ​ 113 ​ ​ 42 Total derivatives ​ ​ $ 18 ​ $ 19 ​ $ 145 ​ $ 44 ​ (a) The notional amount of the commodity forward contracts and collars was approximately 46 million British Thermal Units (“BTUs”) at December 31, 2022. The maximum maturity dates are in 2027 at December 31, 2022. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at December 31, 2022 and December 31, 2021. The maximum maturity dates are in 2024 at December 31, 2022 and December 31, 2021. (c) The notional amounts of the cash flow hedges of foreign exchange risk were $0 and $422 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2023 at December 31, 2021. (d) The notional amounts of the fair value hedges of foreign exchange risk were $844 million and $400 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates were in 2030 at December 31, 2022. (e) The notional amounts of the net investment hedges were €358 million and €311 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2026 at December 31, 2022 and 2027 at December 31, 2021. (f) The notional amounts of the foreign exchange derivative contracts were $245 million and $202 million at December 31, 2022 and December 31, 2021, respectively. The maximum maturity dates are in 2023 at December 31, 2022 and 2022 at December 31, 2022.
Effects of derivative instruments on the results of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) Derivatives designated as hedging instruments: 2022 ​ 2021 ​ 2020 ​ 2022 ​ 2021 ​ 2020 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts and collars (a) ​ $ (1) ​ $ ​ ​ $ ​ ​ $ 6 ​ $ ​ ​ $ ​ Cash flow hedges of foreign exchange risk (b) ​ ​ 14 ​ ​ 75 ​ ​ (99) ​ ​ 15 ​ ​ 77 ​ ​ (115) Cash flow hedges of interest rate risk (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 30 ​ ​ 40 ​ ​ (54) ​ ​ 6 ​ ​ 3 ​ ​ 4 ​ ​ $ 43 ​ $ 115 ​ $ (153) ​ $ 27 ​ $ 80 ​ $ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives not designated as hedges: 2022 ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts $ (20) $ 4 $ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other income (expense), net or (c) interest expense, net.

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2022
Restructuring
Selected information related to the restructuring accruals	The following table presents information related to restructuring, asset impairment and other costs related to closed facilities from January 1, 2021 through December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs Restructuring Balance at January 1, 2021 ​ $ 38 ​ $ — ​ $ 7 ​ $ 45 ​ Charges ​ 3 ​ ​ 6 ​ ​ 19 ​ ​ 28 ​ Write-down of assets to net realizable value ​ ​ ​ ​ ​ (6) ​ ​ ​ ​ ​ (6) ​ Net cash paid, principally severance and related benefits ​ ​ (15) ​ ​ ​ ​ ​ (15) ​ ​ (30) ​ Other, including foreign exchange translation ​ ​ (6) ​ ​ ​ ​ ​ ​ ​ ​ (6) ​ Balance at December 31, 2021 ​ $ 20 ​ $ — ​ $ 11 ​ $ 31 ​ Charges ​ 8 ​ ​ 30 ​ ​ 12 ​ 50 ​ Write-down of assets to net realizable value ​ ​ ​ ​ ​ (30) ​ ​ ​ ​ (30) ​ Net cash paid, principally severance and related benefits ​ ​ (11) ​ ​ ​ ​ ​ (9) ​ ​ (20) ​ Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ ​ (4) ​ (4) ​ Balance at December 31, 2022 ​ $ 17 ​ $ — ​ $ 10 ​ $ 27

Pension Benefit Plans and Oth_2

Pension Benefit Plans and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Pension Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Changes in the benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Obligations at beginning of year ​ $ 1,242 ​ $ 1,590 ​ $ 990 ​ $ 1,127 ​ Change in benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ 13 ​ 13 ​ 10 ​ 12 ​ Interest cost ​ 35 ​ 40 ​ 24 ​ 21 ​ Actuarial (gain) loss ​ ​ (320) ​ ​ (73) ​ ​ (221) ​ ​ (82) ​ Settlements ​ ​ (20) ​ ​ (252) ​ (17) ​ ​ (8) ​ Benefit payments ​ (90) ​ (76) ​ (42) ​ (53) ​ Other ​ ​ ​ ​ ​ ​ ​ ​ 3 ​ ​ 1 ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (78) ​ (28) ​ Net change in benefit obligations ​ (382) ​ (348) ​ (321) ​ (137) ​ Obligations at end of year ​ $ 860 ​ $ 1,242 ​ $ 669 ​ $ 990 ​ ​
Changes in the fair value of the pension plans' assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Fair value at beginning of year ​ $ 1,168 ​ $ 1,324 ​ $ 923 ​ $ 929 ​ Change in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual gain (loss) on plan assets ​ (256) ​ 145 ​ (255) ​ 7 ​ Benefit payments ​ (90) ​ (76) ​ (42) ​ (53) ​ Employer contributions ​ 10 ​ 27 ​ 16 ​ 57 ​ Participant contributions ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ Settlements ​ ​ (20) ​ ​ (252) ​ ​ (17) ​ ​ (8) ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (79) ​ (11) ​ Other ​ ​ ​ ​ ​ ​ ​ 1 ​ 1 ​ Net change in fair value of assets ​ (356) ​ (156) ​ (376) ​ (6) ​ Fair value at end of year ​ $ 812 ​ $ 1,168 ​ $ 547 ​ $ 923 ​ ​
Funded status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Plan assets at fair value $ 812 $ 1,168 $ 547 $ 923 ​ Projected benefit obligations ​ 860 ​ 1,242 ​ 669 ​ 990 ​ Plan assets less than projected benefit obligations ​ (48) ​ (74) ​ (122) ​ (67) ​ Items not yet recognized in pension expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss ​ 381 ​ 437 ​ 289 ​ 259 ​ Prior service cost ​ ​ ​ ​ ​ 9 ​ 10 ​ ​ ​ 381 ​ 437 ​ 298 ​ 269 ​ Net amount recognized ​ $ 333 ​ $ 363 ​ $ 176 ​ $ 202 ​ ​
Net amount recognized included in the Consolidated Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Pension assets ​ $ — ​ $ — ​ $ 60 ​ $ 150 ​ Current pension liability, included with other accrued liabilities ​ (2) ​ (1) ​ (3) ​ (6) ​ Pension benefits ​ (46) ​ (73) ​ (179) ​ (211) ​ Accumulated other comprehensive loss ​ 381 ​ 437 ​ 298 ​ 269 ​ Net amount recognized ​ $ 333 ​ $ 363 ​ $ 176 ​ $ 202 ​ ​
Changes in plan assets and/or benefit obligations recognized in accumulated other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current year actuarial (gain) loss ​ $ (3) ​ $ (136) ​ $ 71 ​ $ (13) ​ Amortization of actuarial loss ​ (40) ​ (62) ​ (9) ​ (43) ​ Settlement ​ ​ (13) ​ ​ (73) ​ ​ (7) ​ ​ (1) ​ Other ​ ​ ​ ​ ​ ​ ​ 3 ​ (1) ​ ​ ​ (56) ​ (271) ​ 58 ​ (58) ​ Translation ​ ​ ​ ​ ​ ​ ​ (29) ​ (7) ​ Change in accumulated other comprehensive loss ​ $ (56) ​ $ (271) ​ $ 29 ​ $ (65) ​ ​
Components of net periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ ​ 2022 ​ 2021 ​ 2020 ​ 2022 ​ 2021 ​ 2020 Service cost $ 13 $ 13 $ 11 $ 10 $ 12 $ 13 ​ Interest cost ​ 35 ​ 40 ​ 50 ​ 24 ​ 21 ​ 26 ​ Expected asset return ​ (61) ​ (82) ​ (85) ​ (36) ​ (46) ​ (45) ​ Amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial loss ​ 40 ​ 61 ​ 56 ​ 9 ​ 13 ​ 12 ​ Net expense ​ $ 27 ​ $ 32 ​ $ 32 ​ $ 7 ​ $ — ​ $ 6 ​ ​
Information for plans with projected and accumulated benefit obligations in excess of the fair value of plan assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Projected Benefit Obligation Exceeds ​ Accumulated Benefit Obligation Exceeds ​ ​ the Fair Value of Plan Assets ​ the Fair Value of Plan Assets ​ ​ U.S. ​ Non-U.S. ​ U.S. ​ Non-U.S. ​ 2022 ​ 2021 2022 ​ 2021 2022 ​ 2021 2022 ​ 2021 ​ Projected benefit obligations ​ $ 860 ​ $ 1,242 ​ $ 240 ​ $ 258 ​ $ 860 ​ $ 1,242 ​ $ 216 ​ $ 258 ​ Accumulated benefit obligation ​ 860 ​ 1,242 ​ 226 ​ 240 ​ 860 ​ 1,242 ​ 203 ​ 240 ​ Fair value of plan assets ​ 812 ​ 1,168 ​ 56 ​ 42 ​ 812 ​ 1,168 ​ 33 ​ 42 ​ ​
Fair value of defined benefit pension plan assets and target allocations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ Level 1 Level 2 Level 3 ​ Total Level 1 Level 2 Level 3 ​ Total ​ Cash and cash equivalents ​ $ 9 ​ $ — ​ $ — ​ $ 9 ​ $ 43 ​ $ — ​ $ — ​ $ 43 ​ Debt securities ​ ​ 29 ​ ​ ​ ​ ​ ​ ​ ​ 29 ​ ​ 35 ​ ​ 14 ​ ​ ​ ​ ​ 49 ​ Other ​ ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 24 ​ Total ​ $ 38 ​ $ 23 ​ $ — ​ ​ ​ ​ $ 78 ​ $ 38 ​ $ — ​ ​ ​ ​ Investments measured at net asset value ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 486 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 807 ​ Total non-U.S. assets at fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 923 ​ ​
Estimated future benefit payments, reflecting expected future service, as appropriate, expected to be paid	​ ​ ​ ​ ​ ​ ​ ​ Year(s) U.S. Non-U.S. 2023 ​ $ 73 ​ $ 42 2024 ​ 72 ​ 43 2025 ​ 72 ​ 45 2026 ​ 71 ​ 47 2027 ​ 70 ​ 48 2028-2032 ​ 330 ​ 257 ​
Postretirement Benefits Other Than Pensions
Defined Benefit Plans and Other Postretirement Benefit Plans
Changes in the benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Obligations at beginning of year ​ $ 34 ​ $ 38 ​ $ 76 ​ $ 80 ​ Change in benefit obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ ​ ​ ​ ​ 2 ​ 2 ​ Interest cost ​ 1 ​ 2 ​ 2 ​ 2 ​ Actuarial (gain) loss ​ (11) ​ (4) ​ (29) ​ (6) ​ Benefit payments ​ (2) ​ (2) ​ (3) ​ (2) ​ Foreign currency translation ​ ​ ​ ​ ​ ​ ​ (3) ​ ​ ​ Net change in benefit obligations ​ (12) ​ (4) ​ (31) ​ (4) ​ Obligations at end of year ​ $ 22 ​ $ 34 ​ $ 45 ​ $ 76 ​ ​
Funded status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Postretirement benefit obligations ​ $ (22) ​ $ (34) ​ $ (45) ​ $ (76) ​ Items not yet recognized in net postretirement benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial gain (loss) ​ (12) ​ 8 ​ ​ ​ ​ ​ Prior service credit ​ (18) ​ (26) ​ ​ (40) ​ ​ (13) ​ ​ ​ (30) ​ (18) ​ (40) ​ (13) ​ Net amount recognized ​ $ (52) ​ $ (52) ​ $ (85) ​ $ (89) ​ ​
Net amount recognized included in the Consolidated Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current nonpension postretirement benefit, included with Other accrued liabilities ​ $ (2) ​ $ (2) ​ $ (2) ​ $ (2) ​ Nonpension postretirement benefits ​ (20) ​ (32) ​ (43) ​ (74) ​ Accumulated other comprehensive loss ​ (30) ​ (18) ​ (40) ​ (13) ​ Net amount recognized ​ $ (52) ​ $ (52) ​ $ (85) ​ $ (89) ​ ​
Changes in plan assets and/or benefit obligations recognized in accumulated other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Current year actuarial (gain) loss ​ $ (11) ​ $ (4) ​ $ (29) ​ $ (6) ​ Amortization of actuarial loss ​ (8) ​ (9) ​ ​ ​ ​ ​ ​ ​ Amortization of prior service credit ​ 8 ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (11) ​ $ (4) ​ $ (29) ​ $ (6) ​ ​
Components of net periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2020 2022 2021 2020 Service cost ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 2 ​ Interest cost ​ 1 ​ 2 ​ 2 ​ 2 ​ 2 ​ 2 ​ Amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial (gain) loss ​ (8) ​ (9) ​ (11) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ 8 ​ 9 ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ (1) ​ Net amortization ​ — ​ — ​ (6) ​ — ​ — ​ (1) ​ Net postretirement benefit (income) cost ​ $ 1 ​ $ 2 ​ $ (4) ​ $ 4 ​ $ 4 ​ $ 3 ​ ​
Weighted average assumptions used to determine benefit obligations and net periodic pension costs for pension plans, and accumulated postretirement benefit obligation and net postretirement benefit cost for postretirement plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2020 2022 2021 2020 Accumulated postretirement benefit obligation 5.48 % 2.90 % 2.48 % 5.15 % 2.95 % 2.55 % Net postretirement benefit cost 2.90 % 2.48 % 3.31 % 2.95 % 2.55 % 3.00 % ​
Weighted average assumed health care cost trend rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2022 2021 2022 2021 Health care cost trend rate assumed for next year 6.50 % 6.40 % 5.00 % 5.00 % Rate to which the cost trend rate is assumed to decline (ultimate trend rate) 5.00 % 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate 2031 ​ 2029 ​ N/A ​ N/A ​ ​
Estimated future benefit payments, reflecting expected future service, as appropriate, expected to be paid	​ ​ ​ ​ ​ ​ ​ ​ Year(s) U.S. Non-U.S. 2023 ​ $ 2 ​ $ 3 2024 ​ 2 ​ 3 2025 ​ 2 ​ 3 2026 ​ 2 ​ 3 2027 ​ 2 ​ 3 2028 - 2032 ​ 8 ​ 14 ​

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, ​ 2022 ​ ​ 2021 ​ 2020 Lease cost ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense) ​ $ 13 ​ $ 16 ​ $ 7 Interest on lease liabilities (included in Interest expense, net) ​ ​ 3 ​ ​ 3 ​ ​ 2 Operating lease cost (included in Cost of goods sold and Selling and administrative expense) ​ ​ 57 ​ ​ 52 ​ ​ 75 Total lease cost ​ $ 73 ​ $ 71 ​ $ 84 ​
Schedule of supplemental cash flow and other information	​
Schedule of supplemental balance sheet information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2022 ​ ​ 2021 Supplemental balance sheet information ​ ​ ​ ​ ​ Operating leases: ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets (included in Other assets) ​ $ 225 ​ $ 116 ​ ​ ​ ​ ​ ​ ​ Current operating lease liabilities (included in Other current liabilities) ​ ​ 41 ​ ​ 38 Noncurrent operating lease liabilities (included in Other long-term liabilities) ​ ​ 189 ​ ​ 78 Total operating lease liabilities ​ $ 230 ​ $ 116 ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 179 ​ $ 155 Accumulated amortization ​ ​ (48) ​ ​ (51) Property, plant and equipment, net ​ ​ 131 ​ ​ 104 ​ ​ ​ ​ ​ ​ ​ Current finance lease liabilities (included in Long-term debt due within one year) ​ ​ 13 ​ ​ 14 Noncurrent finance lease liabilities (included in Long-term debt) ​ ​ 119 ​ ​ 84 Total finance lease liabilities ​ $ 132 ​ $ 98 ​ ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term (in years): ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 7.4 ​ ​ 5.1 Finance leases ​ ​ 5.6 ​ ​ 6.2 Weighted-average discount rate: ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 5.71% ​ ​ 3.61% Finance leases ​ ​ 5.06% ​ ​ 2.58% ​
Schedule of operating leases maturities of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ Maturity of lease liabilities ​ ​ Operating leases ​ ​ Finance leases 2023 ​ $ 52 ​ $ 19 2024 ​ ​ 44 ​ ​ 25 2025 ​ ​ 34 ​ ​ 25 2026 ​ ​ 30 ​ ​ 25 2027 ​ ​ 28 ​ ​ 24 2028 and thereafter ​ ​ 97 ​ ​ 46 Total lease payments ​ ​ 285 ​ ​ 164 Less: imputed interest ​ ​ (55) ​ ​ (32) Total lease obligations ​ $ 230 ​ $ 132 ​ ​ ​ ​ ​ ​ ​ Minimum payments related to leases not yet commenced as of December 31, 2022 ​ $ — ​ $ —
Schedule of finance leases maturities of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ Maturity of lease liabilities ​ ​ Operating leases ​ ​ Finance leases 2023 ​ $ 52 ​ $ 19 2024 ​ ​ 44 ​ ​ 25 2025 ​ ​ 34 ​ ​ 25 2026 ​ ​ 30 ​ ​ 25 2027 ​ ​ 28 ​ ​ 24 2028 and thereafter ​ ​ 97 ​ ​ 46 Total lease payments ​ ​ 285 ​ ​ 164 Less: imputed interest ​ ​ (55) ​ ​ (32) Total lease obligations ​ $ 230 ​ $ 132 ​ ​ ​ ​ ​ ​ ​ Minimum payments related to leases not yet commenced as of December 31, 2022 ​ $ — ​ $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes.
Provision (benefit) for income taxes calculated based on components of earnings (loss) before income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuing operations 2022 2021 2020 U.S. ​ $ 1 ​ $ (295) ​ $ (85) ​ Non-U.S. ​ 804 ​ 627 ​ 438 ​ ​ ​ $ 805 ​ $ 332 ​ $ 353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discontinued operations 2022 2021 2020 U.S. ​ $ — ​ $ — ​ $ — ​ Non-U.S. ​ ​ ​ 7 ​ — ​ ​ ​ $ — ​ $ 7 ​ $ — ​ ​
Provision (benefit) for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ $ 14 ​ $ 12 ​ $ 8 ​ Non-U.S. ​ 142 ​ 150 ​ 86 ​ ​ ​ 156 ​ 162 ​ 94 ​ Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ ​ (1) ​ (1) ​ 1 ​ Non-U.S. ​ 23 ​ 6 ​ (6) ​ ​ ​ 22 ​ 5 ​ (5) ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ 13 ​ 11 ​ 9 ​ Non-U.S. ​ 165 ​ 156 ​ 80 ​ Total for continuing operations ​ 178 ​ 167 ​ 89 ​ Total for discontinued operations ​ ​ — ​ — ​ — ​ ​ ​ $ 178 ​ $ 167 ​ $ 89 ​
Reconciliation of the provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate ​ $ 169 ​ $ 70 ​ $ 74 ​ Increase (decrease) in provision for income taxes due to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. tax rates ​ ​ 34 ​ ​ 31 ​ ​ 34 ​ Global intangible low taxed income and Foreign-derived intangible income, net of applicable GILTI credits ​ ​ 48 ​ ​ 6 ​ ​ 7 ​ Goodwill and equity investment impairments ​ ​ ​ ​ ​ ​ ​ ​ 6 ​ Divestitures and sale leasebacks of land and building ​ ​ (34) ​ ​ ​ ​ ​ (87) ​ Tax law changes ​ (1) ​ ​ (6) ​ ​ (10) ​ Tax impact of Brazil indirect tax ruling ​ ​ (6) ​ ​ (7) ​ ​ ​ ​ Change in valuation allowance ​ ​ (36) ​ ​ 93 ​ ​ 59 ​ Tax attribute expiration ​ ​ 6 ​ ​ 8 ​ ​ 6 ​ Withholding tax ​ ​ 24 ​ ​ 12 ​ ​ 12 ​ Non-deductible expenses and taxable gains ​ ​ 11 ​ ​ 24 ​ ​ 14 ​ Tax credits and incentives ​ ​ (25) ​ ​ (67) ​ ​ (11) ​ Changes in tax reserves and audit settlements ​ ​ (4) ​ ​ 10 ​ ​ 2 ​ Mexico inflationary adjustments ​ ​ (2) ​ ​ (6) ​ ​ ​ ​ Equity earnings ​ ​ (20) ​ ​ (16) ​ ​ (14) ​ Intercompany financing ​ ​ 4 ​ ​ 10 ​ ​ 12 ​ Other taxes based on income ​ ​ 5 ​ ​ 5 ​ ​ 2 ​ Other items ​ 5 ​ ​ ​ ​ ​ (17) ​ Provision for income taxes ​ $ 178 ​ $ 167 ​ $ 89 ​ ​
Significant components of deferred tax assets and liabilities and deferred taxes included in the Consolidated Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Deferred tax assets: ​ ​ ​ ​ ​ ​ Accrued postretirement benefits ​ $ 23 ​ $ 34 Paddock-related liabilities ​ ​ ​ ​ ​ 137 Foreign tax credit carryovers ​ 149 ​ ​ 161 Operating, capital loss and interest carryovers ​ 284 ​ ​ 255 Other credit carryovers ​ 24 ​ ​ 20 Accrued liabilities ​ 72 ​ ​ 54 Pension liabilities ​ 24 ​ ​ 19 Operating lease liabilities ​ ​ 54 ​ ​ 28 Other ​ 90 ​ ​ 68 Total deferred tax assets ​ 720 ​ 776 Deferred tax liabilities: ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ 128 ​ ​ 114 Intangibles and deferred software ​ 61 ​ ​ 72 Operating lease right-of-use assets ​ ​ 53 ​ ​ 28 Total deferred tax liabilities ​ 242 ​ 214 Valuation allowance ​ (445) ​ ​ (512) Net deferred taxes ​ $ 33 ​ $ 50 ​ Deferred taxes are included in the Consolidated Balance Sheets at December 31, 2022 and 2021 as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Other assets ​ $ 117 ​ $ 152 Deferred taxes ​ (84) ​ (102) Net deferred taxes ​ $ 33 ​ $ 50 ​
Reconciliation of the gross unrecognized tax benefits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Balance at January 1 ​ $ 95 ​ $ 93 ​ $ 99 ​ Additions and reductions for tax positions of prior years ​ (10) ​ ​ 3 ​ ​ (20) ​ Additions based on tax positions related to the current year ​ ​ ​ ​ 3 ​ ​ 11 ​ Reductions due to the lapse of the applicable statute of limitations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reductions due to settlements ​ ​ (31) ​ ​ ​ ​ ​ ​ ​ Foreign currency translation ​ (1) ​ ​ (4) ​ ​ 3 ​ Balance at December 31 ​ $ 53 ​ $ 95 ​ $ 93 ​ Unrecognized tax benefits, which if recognized, would impact the Company’s effective income tax rate ​ $ 37 ​ $ 75 ​ $ 80 ​ Accrued interest and penalties at December 31 ​ $ 8 ​ $ 16 ​ $ 14 ​ Interest and penalties included in tax expense for the years ended December 31 ​ $ (8) ​ $ 2 ​ $ 3 ​ ​

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt
Long-term Debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ — ​ $ — ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,426 ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ Term Loans: ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ ​ 923 ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ ​ 249 ​ ​ 695 ​ 3.125%, due 2024 (€725 million) ​ ​ 731 ​ ​ 826 ​ 6.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ 5.375%, due 2025 ​ ​ 299 ​ ​ 298 ​ 2.875%, due 2025 (€500 million) ​ ​ 529 ​ ​ 561 ​ 6.625%, due 2027 ​ ​ 607 ​ ​ 693 ​ 4.750%, due 2030 ​ ​ 396 ​ ​ 395 ​ Finance leases ​ ​ 132 ​ ​ 98 ​ Other ​ 4 ​ 5 ​ Total long-term debt ​ 4,671 ​ 4,791 ​ Less amounts due within one year ​ 300 ​ 38 ​ Long-term debt ​ $ 4,371 ​ $ 4,753 ​ ​
Fair values of the Company's significant fixed rate debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Amount Indicated Market Price Fair Value ​ Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.875%, due 2023 ​ $ 250 $ 99.78 ​ $ 249 ​ 3.125%, due 2024 (€725 million) ​ 772 ​ 97.38 ​ 752 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 97.79 ​ ​ 293 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 96.93 ​ ​ 291 ​ 2.875%, due 2025 (€500 million) ​ ​ 533 ​ ​ 96.51 ​ ​ 514 ​ 6.625%, due 2027 ​ ​ 612 ​ ​ 97.80 ​ ​ 599 ​ 4.750% due 2030 ​ ​ 400 ​ ​ 87.73 ​ ​ 351 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)
Component of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Accumulated ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ Other ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Income (Loss) Balance on January 1, 2020 ​ $ (813) ​ $ (14) ​ $ (1,016) ​ $ (1,843) Change before reclassifications ​ ​ (267) ​ ​ (156) ​ ​ (32) ​ ​ (455) Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ 112 (a) ​ 68 (b) ​ 180 Amounts reclassified from accumulated other comprehensive income (loss) related to the ANZ sale ​ ​ (149) ​ ​ 1 ​ ​ 4 ​ ​ (144) Translation effect ​ ​ ​ ​ ​ (2) ​ ​ (9) ​ ​ (11) Tax effect ​ ​ ​ ​ ​ (1) ​ ​ 2 ​ ​ 1 Other comprehensive income (loss) attributable to the Company ​ ​ (416) ​ ​ (46) ​ ​ 33 ​ ​ (429) Balance on December 31, 2020 ​ ​ (1,229) ​ ​ (60) ​ ​ (983) ​ ​ (2,272) Change before reclassifications ​ (61) ​ ​ 119 ​ ​ 165 ​ 223 Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ (80) (a) ​ 148 (b) 68 Translation effect ​ ​ ​ ​ ​ 1 ​ ​ 9 ​ ​ 10 Tax effect ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ (1) Other comprehensive income (loss) attributable to the Company ​ (61) ​ 39 ​ 322 ​ 300 Balance on December 31, 2021 ​ ​ (1,290) ​ ​ (21) ​ ​ (661) ​ ​ (1,972) Change before reclassifications ​ 10 ​ ​ 60 ​ ​ (24) ​ 46 Amounts reclassified from accumulated other comprehensive income ​ ​ ​ ​ ​ (27) (a) ​ 69 (b) 42 Translation effect ​ ​ ​ ​ ​ (5) ​ ​ 21 ​ ​ 16 Tax effect ​ ​ ​ ​ ​ (3) ​ ​ 10 ​ 7 Other comprehensive income (loss) attributable to the Company ​ 10 ​ 25 ​ 76 ​ 111 Balance on December 31, 2022 ​ $ (1,280) ​ $ 4 ​ $ (585) ​ $ (1,861) (a) Amount is recorded to other income (expense), net and interest expense, net on the Consolidated Results of Operations (see Note 9 for additional information). (b) Amount is included in the computation of net periodic pension cost and net postretirement benefit cost (see Note 11 for additional information).

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Stock Based Compensation
Restricted shares and restricted share units activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Restricted ​ Grant-Date ​ ​ Shares ​ Fair Value ​ ​ (thousands) ​ (per share) Nonvested at January 1, 2022 1,797 ​ $ 12.83 ​ Granted 980 ​ ​ 11.92 ​ Vested (729) ​ ​ 14.15 ​ Forfeited (59) ​ ​ 11.64 ​ Nonvested at December 31, 2022 1,989 ​ 11.94 ​ Awards granted during 2021 ​ ​ ​ $ 12.83 ​ Awards granted during 2020 ​ ​ ​ $ 12.54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Total fair value of shares vested ​ $ 10 ​ $ 9 ​ $ 9 ​ ​
Performance vested restricted share unit activity	​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Performance Weighted Average ​ ​ Vested Restricted Shares ​ Grant-Date Fair Value ​ ​ Units (thousands) ​ (per unit) Nonvested at January 1, 2022 2,935 ​ $ 12.70 ​ Granted 1,241 ​ 14.56 ​ Vested ​ ​ ​ ​ Forfeited/Cancelled (710) ​ 18.48 ​ Nonvested at December 31, 2022 3,466 ​ 12.19 ​ Awards granted during 2021 ​ ​ ​ $ 12.70 ​ Awards granted during 2020 ​ ​ ​ $ 14.63 ​ ​

Other Income (Expense), net (Ta

Other Income (Expense), net (Tables)	12 Months Ended
	Dec. 31, 2022
Other Income (Expense), net
Schedule of other income (expense), net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 ​ Charge related to Paddock support agreement liability (see Note 15) ​ $ ​ ​ $ (154) ​ $ ​ ​ Pension settlement charges (see Note 11) ​ ​ (20) ​ ​ (74) ​ ​ (26) ​ Restructuring, asset impairment and other charges ​ ​ (53) ​ ​ (35) ​ ​ (106) ​ Gain on sale of divested businesses and miscellaneous assets (see Note 22) ​ ​ 55 ​ ​ 84 ​ ​ ​ ​ Brazil indirect tax credit (see Note 15) ​ ​ ​ ​ ​ 71 ​ ​ ​ ​ Gain on sale of ANZ businesses (see Note 22) ​ ​ ​ ​ ​ ​ ​ ​ 275 ​ Gain on sale leasebacks (see Note 22) ​ ​ 334 ​ ​ ​ ​ ​ ​ ​ Intangible amortization expense ​ ​ (33) ​ ​ (34) ​ ​ (33) ​ Strategic transaction and corporate modernization costs ​ ​ ​ ​ ​ ​ ​ ​ (8) ​ Charge for deconsolidation of Paddock (see Note 15) ​ ​ ​ ​ ​ ​ ​ ​ (14) ​ Royalty income ​ ​ 24 ​ ​ 24 ​ ​ 12 ​ Foreign currency exchange loss ​ ​ (2) ​ ​ (3) ​ ​ (4) ​ Other income (expense), net ​ ​ (6) ​ ​ 3 ​ ​ (9) ​ ​ ​ $ 299 ​ $ (118) ​ $ 87 ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share
Computation of basic and diluted earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to the Company ​ $ 584 ​ $ 149 ​ $ 249 Denominator (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share-weighted average shares outstanding ​ 155,309 ​ 157,150 ​ 156,806 Effect of dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options and other ​ 3,676 ​ 3,159 ​ 1,979 Denominator for diluted earnings per share-adjusted weighted average shares outstanding ​ 158,985 ​ 160,309 ​ 158,785 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 3.76 ​ $ 0.90 ​ $ 1.59 Gain from discontinued operations ​ ​ ​ 0.05 ​ ​ Net earnings ​ $ 3.76 ​ $ 0.95 ​ $ 1.59 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 3.67 ​ $ 0.88 ​ $ 1.57 Gain from discontinued operations ​ ​ ​ 0.05 ​ ​ Net earnings ​ $ 3.67 ​ $ 0.93 ​ $ 1.57 ​

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Information
Supplemental cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 Decrease (increase) in current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Receivables - change in factoring ​ $ 54 ​ $ 45 ​ $ (103) Receivables - all other changes ​ ​ (137) ​ ​ (191) ​ ​ (29) Inventories ​ (61) ​ (32) ​ 75 Prepaid expenses and other ​ (6) ​ (15) ​ (30) Increase (decrease) in current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ 146 ​ 161 ​ (67) Accrued liabilities ​ 45 ​ (30) ​ (43) Salaries and wages ​ 19 ​ 30 ​ 24 U.S. and foreign income taxes ​ ​ 35 ​ 19 ​ (8) ​ ​ $ 95 ​ $ (13) ​ $ (181) ​
Income taxes paid (received) in cash	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 2020 ​ U.S. ​ $ 14 ​ $ 9 ​ $ 1 ​ Non-U.S. ​ 157 ​ 102 ​ 90 ​ Total income taxes paid in cash ​ $ 171 ​ $ 111 ​ $ 91 ​ ​

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2022
Assets Held for Sale
Schedule of major classes of assets and liabilities held for sale	​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Cash ​ $ 3 Accounts receivable, net ​ ​ 13 Inventories ​ ​ 7 Property, plant and equipment, net ​ ​ 8 Goodwill ​ ​ 18 Total assets held for sale ​ $ 49 ​ ​ ​ ​ Accounts payable ​ $ 10 Other accrued liabilities ​ ​ 3 Total liabilities related to assets held for sale ​ $ 13

Significant Accounting Polici_3

Significant Accounting Policies - Equity Method Investments and Stock-Based Compensation (Details) - country	Dec. 26, 2019	Dec. 31, 2022
Equity Method Investments
Number of countries in which the entity operates		19
Stock distributed to parent (as a percent)	100%
Minimum | O-I Ownership Percentage
Equity Method Investments
General ownership percentage for equity method investments		20%
Maximum | O-I Ownership Percentage
Equity Method Investments
General ownership percentage for equity method investments		50%

Significant Accounting Polici_4

Significant Accounting Policies - Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Factory machinery and equipment | Minimum
Property, Plant and Equipment
Estimated useful lives	5 years
Factory machinery and equipment | Maximum
Property, Plant and Equipment
Estimated useful lives	25 years
Glass-melting furnaces and forming machines | Minimum
Property, Plant and Equipment
Estimated useful lives	7 years
Glass-melting furnaces and forming machines | Maximum
Property, Plant and Equipment
Estimated useful lives	15 years
Buildings and building equipment | Minimum
Property, Plant and Equipment
Estimated useful lives	10 years
Buildings and building equipment | Maximum
Property, Plant and Equipment
Estimated useful lives	50 years

Segment Information (Details)

Segment Information (Details) - segment	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2019
Segment Reporting Information
Number of reportable segments	3
Number of operating segments	3
Australia and New Zealand ("ANZ") business
Segment Reporting Information
Percentage of net sales of segment		85%

Segment Information - Reportabl

Segment Information - Reportable Segments - Segment Operating Profits and Reporting Segment Totals (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment operating profit:
Earnings (loss) before income taxes		$ 805	$ 332	$ 353
Items excluded from segment operating profit:
Retained corporate costs and other		232	171	145
Gain on sale of divested businesses and miscellaneous assets		(55)	(84)
Gain on sale leasebacks		(334)
Restructuring, asset impairment and other charges		53	35	142
Brazil indirect tax credit			(71)
Charge related to Paddock support agreement liability	$ 154		154
Charge for deconsolidation of Paddock				14
Gain on sale of ANZ businesses				(275)
Strategic transaction and corporate modernization costs				8
Pension settlement charges		20	74	26
Interest expense, net		239	216	265
Segment operating profit
Segment operating profit		805	332	353
Reportable Segment Totals
Segment operating profit
Segment operating profit		$ 960	$ 827	$ 678
Americas
Items excluded from segment operating profit:
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Segment operating profit
Segment operating profit		$ 472	$ 456	$ 395
Europe
Segment operating profit
Segment operating profit		$ 488	$ 371	264
Asia Pacific
Segment operating profit
Segment operating profit				$ 19

Segment Information - Assets, I

Segment Information - Assets, Investments, Equity, Capital Expenses and Depreciation and Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Total assets:	$ 9,061	$ 8,832	$ 8,882
Equity investments
Equity investments:	695	643	673
Equity earnings (losses):
Equity earnings (losses):	107	90	37
Capital expenditures:
Capital expenditures:	539	398	311
Depreciation and amortization expense:
Depreciation and amortization	454	449	468
Reportable Segment Totals
Assets
Total assets:	8,501	8,366	8,434
Equity investments
Equity investments:	634	579	612
Equity earnings (losses):
Equity earnings (losses):	107	86	74
Capital expenditures:
Capital expenditures:	531	391	304
Depreciation and amortization expense:
Depreciation and amortization	430	423	444
Americas
Assets
Total assets:	5,109	4,853	4,927
Equity investments
Equity investments:	488	458	492
Equity earnings (losses):
Equity earnings (losses):	64	58	51
Capital expenditures:
Capital expenditures:	339	211	146
Depreciation and amortization expense:
Depreciation and amortization	278	269	270
Europe
Assets
Total assets:	3,392	3,513	3,507
Equity investments
Equity investments:	146	121	120
Equity earnings (losses):
Equity earnings (losses):	43	28	23
Capital expenditures:
Capital expenditures:	192	180	138
Depreciation and amortization expense:
Depreciation and amortization	152	154	146
Asia Pacific
Capital expenditures:
Capital expenditures:			20
Depreciation and amortization expense:
Depreciation and amortization			28
Other
Assets
Total assets:	560	466	448
Equity investments
Equity investments:	61	64	61
Equity earnings (losses):
Equity earnings (losses):		4	(37)
Capital expenditures:
Capital expenditures:	8	7	7
Depreciation and amortization expense:
Depreciation and amortization	$ 24	$ 26	$ 24

Segment Information - Intangibl

Segment Information - Intangible long lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information
Tangible long lived assets, including property, plant and equipment and operating lease right-of-use assets	$ 3,187	$ 2,933	$ 3,045
Net sales	6,856	6,357	6,091
U.S.
Segment Reporting Information
Tangible long lived assets, including property, plant and equipment and operating lease right-of-use assets	766	740	751
Net sales	1,941	1,806	1,791
Non-U.S.
Segment Reporting Information
Tangible long lived assets, including property, plant and equipment and operating lease right-of-use assets	2,421	2,193	2,294
Net sales	$ 4,915	$ 4,551	$ 4,300
France
Segment Reporting Information
Percentage of consolidated net sales outside of the U.S.	11%	12%	11%
Italy
Segment Reporting Information
Percentage of consolidated net sales outside of the U.S.	12%	12%	11%
Mexico
Segment Reporting Information
Percentage of consolidated net sales outside of the U.S.	13%	12%	11%

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue
Net sales	$ 6,856	$ 6,357	$ 6,091
Reportable Segment Totals
Disaggregation of Revenue
Net sales	6,713	6,244	5,967
Americas
Disaggregation of Revenue
Net sales	3,835	3,557	3,322
Europe
Disaggregation of Revenue
Net sales	2,878	2,687	2,364
Asia Pacific
Disaggregation of Revenue
Net sales			281
Other
Disaggregation of Revenue
Net sales	143	113	124
Alcoholic beverages (beer, wine, spirits)
Disaggregation of Revenue
Net sales	4,536	4,141	3,906
Alcoholic beverages (beer, wine, spirits) | Americas
Disaggregation of Revenue
Net sales	2,367	2,165	2,008
Alcoholic beverages (beer, wine, spirits) | Europe
Disaggregation of Revenue
Net sales	2,169	1,976	1,681
Alcoholic beverages (beer, wine, spirits) | Asia Pacific
Disaggregation of Revenue
Net sales			217
Food and other
Disaggregation of Revenue
Net sales	1,299	1,317	1,342
Food and other | Americas
Disaggregation of Revenue
Net sales	832	830	823
Food and other | Europe
Disaggregation of Revenue
Net sales	467	487	481
Food and other | Asia Pacific
Disaggregation of Revenue
Net sales			38
Non-alcoholic beverages
Disaggregation of Revenue
Net sales	878	786	719
Non-alcoholic beverages | Americas
Disaggregation of Revenue
Net sales	636	562	491
Non-alcoholic beverages | Europe
Disaggregation of Revenue
Net sales	$ 242	$ 224	202
Non-alcoholic beverages | Asia Pacific
Disaggregation of Revenue
Net sales			$ 26

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Credit Losses
Accounts receivable, net	$ 760	$ 692
Allowance for doubtful accounts	$ 28	$ 28

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventories
Finished goods	$ 667	$ 659
Raw materials	137	119
Operating supplies	44	38
Inventories	$ 848	$ 816

Equity Investments - Ownership

Equity Investments - Ownership Percentage (Details) - O-I Ownership Percentage	Dec. 31, 2022
Empresas Comegua S.A
Equity Investments Information
Percentage of equity method investments	49.70%
BJC O-I Glass Pte. Ltd
Equity Investments Information
Percentage of equity method investments	50%
CO Vidrieria SARL
Equity Investments Information
Percentage of equity method investments	50%
Rocky Mountain Bottle Company
Equity Investments Information
Percentage of equity method investments	50%
Vetrerie Meridionali SpA
Equity Investments Information
Percentage of equity method investments	50%
Vetri Speciali SpA
Equity Investments Information
Percentage of equity method investments	50%

Equity Investments - Summarized

Equity Investments - Summarized Information Pertaining to Equity Affiliates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Investments Information
Equity earnings (losses):	$ 107	$ 90	$ 37
Dividends received	71	103	58
Non-U.S.
Equity Investments Information
Equity earnings (losses):	101	83	29
U.S.
Equity Investments Information
Equity earnings (losses):	$ 6	$ 7	$ 8

Equity Investments - Summariz_2

Equity Investments - Summarized Combined Financial Information for Equity Affiliates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Current assets	$ 2,603	$ 2,519
Total assets	9,061	8,832	$ 8,882
Summarized combined financial information for equity associates for the year:
Current liabilities	2,357	1,846
Gross profit	1,213	1,091	972
Net earnings	627	172	264
Purchases from equity affiliates	137	117
Due to affiliates	65	68
Equity Affiliates
Assets
Current assets	641	557
Non-current assets	1,369	1,317
Total assets	2,010	1,874
Summarized combined financial information for equity associates for the year:
Current liabilities	426	386
Other liabilities and deferred items	207	195
Total liabilities and deferred items	633	581
Net assets	1,377	1,293
Net sales	1,328	1,185	927
Gross profit	348	305	256
Net earnings	$ 232	$ 169	141
Non-U.S. equity investments impairment charge			36
Remaining carrying value of the equity investment subsequent to the impairment charge			$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		$ 1,840	$ 1,951	$ 1,934
Divestiture related adjustments			(3)
Reclassified as held for sale			(18)
Impairment	$ 0
Translation effects		(27)	(90)	17
Balance of Goodwill at end of the period	1,813	1,813	1,840	1,951
Europe
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		866	933	859
Translation effects		(48)	(67)	74
Balance of Goodwill at end of the period	818	818	866	933
Americas
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		974	1,018	1,075
Divestiture related adjustments			(3)
Reclassified as held for sale			(18)
Translation effects		21	(23)	(57)
Balance of Goodwill at end of the period	$ 995	$ 995	$ 974	$ 1,018

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
	Oct. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in the carrying amount of goodwill
Goodwill.		$ 1,813	$ 1,840	$ 1,951	$ 1,934
Goodwill impairment charge		0
Americas
Changes in the carrying amount of goodwill
Goodwill.		995	974	$ 1,018	$ 1,075
Accumulated impairment losses		$ 595	$ 595
North America
Changes in the carrying amount of goodwill
Goodwill.	$ 442
Approximate difference between the BEV and carrying value of reporting unit (as a percent)	(13.00%)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets
Net Carrying Amount	$ 262	$ 286
Intangible amortization expense	33	34	$ 33
Customer list intangibles
Finite-Lived Intangible Assets
Accumulated amortization	284	251
Net Carrying Amount	$ 262	286
Useful life	20 years
Intangible amortization expense	$ 33	$ 34	$ 33
2023	28
2024	26
2025	24
2026	23
2027	21
Impairment of intangible assets	$ 0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other assets (non current):
Right of use lease assets	$ 225	$ 116
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total other assets	Total other assets
Deferred tax assets	$ 117	$ 152
Deferred returnable packaging costs	90	80
Repair parts inventories	120	117
Capitalized software	44	49
Value added taxes	15	10
Other	55	53
Total other assets	$ 666	$ 577

Other Assets - Capitalized Soft

Other Assets - Capitalized Software (Details) - Capitalized software - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other information related to capitalized software
Amortization expense for capitalized software	$ 10	$ 11	$ 12
Estimated amortization expense
2023	9
2024	8
2025	8
2026	7
2027	$ 7

Derivative Instruments - Deriva

Derivative Instruments - Derivatives and Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net investment hedges
Derivatives and Hedges
Proceeds from derivative instruments, financing activities	$ 33
Payments for derivative instruments, financing activities			$ 5
Commodity forward contracts and collars | Cash Flow Hedges
Derivatives and Hedges
Unrecognized gain (loss) included in Accumulated OCI	(1)
Foreign exchange contracts | Derivatives not designated as hedging instruments
Derivatives and Hedges
Payments for derivative instruments, investing activities	24
Foreign exchange risk | Cash Flow Hedges
Derivatives and Hedges
Unrecognized gain (loss) included in Accumulated OCI	1	$ 6
Payments for derivative instruments, financing activities	7	15	$ 3
Foreign exchange risk | Fair Value Hedges
Derivatives and Hedges
Amount excluded from assessment of effectiveness and included in Accumulated OCI	$ 16	$ 4
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Other Operating Income (Expense), Net	Interest Expense, Other Operating Income (Expense), Net
Proceeds from derivative instruments, financing activities	$ 107

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet Classification (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / BTU	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
Derivatives, Fair Value
Total asset derivatives	$ 18		$ 19
Total liability derivatives	145		44
Current derivative asset	$ 15		$ 14
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets, Current	Prepaid Expense and Other Assets, Current	Prepaid Expense and Other Assets, Current	Prepaid Expense and Other Assets, Current
Current derivative liability	$ 32		$ 2
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current	Other Liabilities, Current	Other Liabilities, Current
Noncurrent derivative asset	$ 3		$ 5
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent	Other Assets, Noncurrent	Other Assets, Noncurrent
Noncurrent derivative liability	$ 113		$ 42
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Derivatives designated as hedging instruments
Derivatives, Fair Value
Total asset derivatives	$ 13		$ 18
Total liability derivatives	$ 143		42
Derivatives designated as hedging instruments | Commodity forward contracts and collars
Derivatives, Fair Value
British Thermal Units ("BTUs") | $ / BTU	46
Total asset derivatives	$ 3
Total liability derivatives	9
Derivatives designated as hedging instruments | Interest rate swaps - fair value hedges
Derivatives, Fair Value
Notional amount | €		€ 725		€ 725
Total asset derivatives			4
Total liability derivatives	44		2
Derivatives designated as hedging instruments | Cash flow hedges of foreign exchange risk
Derivatives, Fair Value
Notional amount	0		422
Total asset derivatives			2
Total liability derivatives			23
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivatives, Fair Value
Notional amount	245		202
Total asset derivatives	5		1
Total liability derivatives	2		2
Net investment hedges | Derivatives designated as hedging instruments
Derivatives, Fair Value
Notional amount | €		€ 358		€ 311
Total asset derivatives	3		3
Total liability derivatives	28		17
Fair Value Hedges | Derivatives designated as hedging instruments | Foreign exchange risk
Derivatives, Fair Value
Notional amount	844		400
Total asset derivatives	7		$ 9
Total liability derivatives	$ 62

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedges
Amount of Gain (Loss) Recognized in Other income (expense), net	$ (20)	$ 4	$ 9
Derivatives designated as hedging instruments
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	43	115	(153)
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	27	80	(112)
Derivatives designated as hedging instruments | Net Investment Hedges
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	30	40	(54)
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	6	3	4
Derivatives designated as hedging instruments | Commodity forward contracts and collars | Cash Flow Hedges | Cost of goods sold
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	(1)
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	6
Derivatives designated as hedging instruments | Foreign exchange risk | Cash Flow Hedges | Other income (expense), net
Derivatives and Hedges
Gain (Loss) Recognized in OCI (Effective Portion)	14	75	(99)
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ 15	$ 77	(115)
Derivatives designated as hedging instruments | Interest rate risk | Cash Flow Hedges | Interest expense, net
Derivatives and Hedges
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			$ (1)

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring accrual
Beginning balance, restructuring reserve	$ 31	$ 45
Charges	50	28	$ 96
Write-down of assets to net realizable value	(30)	(6)
Net cash paid, principally severance and related benefits	(20)	(30)	(37)
Other, including foreign exchange translation	(4)	(6)
Ending balance, restructuring reserve	27	31	45
Restructuring, Additional Information
Carrying value of impaired assets	6	5
Employee Costs
Restructuring accrual
Beginning balance, restructuring reserve	20	38
Charges	8	3
Net cash paid, principally severance and related benefits	(11)	(15)
Other, including foreign exchange translation		(6)
Ending balance, restructuring reserve	17	20	38
Asset Impairment
Restructuring accrual
Charges	30	6
Write-down of assets to net realizable value	(30)	(6)
Other Exit Costs
Restructuring accrual
Beginning balance, restructuring reserve	11	7
Charges	12	19
Net cash paid, principally severance and related benefits	(9)	(15)
Other, including foreign exchange translation	(4)
Ending balance, restructuring reserve	$ 10	$ 11	$ 7

Pensions Benefit Plans and Othe

Pensions Benefit Plans and Other Postretirement Benefits - Changes in the Benefit Obligation (Details) - Funded Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefit Plans
Change in benefit obligations:
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Pension Benefit Plans | U.S.
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	$ 1,242	$ 1,590
Change in benefit obligations:
Service cost	13	13	$ 11
Interest cost	35	40	50
Actuarial (gain) loss	(320)	(73)
Settlements	(20)	(252)
Benefit payments	(90)	(76)
Net change in benefit obligations	(382)	(348)
Obligations at end of year	860	1,242	1,590
Pension Benefit Plans | Foreign
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	990	1,127
Change in benefit obligations:
Service cost	10	12	13
Interest cost	24	21	26
Actuarial (gain) loss	(221)	(82)
Settlements	(17)	(8)
Benefit payments	(42)	(53)
Other	3	1
Foreign currency translation	(78)	(28)
Net change in benefit obligations	(321)	(137)
Obligations at end of year	$ 669	$ 990	$ 1,127
Postretirement Benefits Other Than Pensions
Change in benefit obligations:
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Postretirement Benefits Other Than Pensions | U.S.
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	$ 34	$ 38
Change in benefit obligations:
Interest cost	1	2	$ 2
Actuarial (gain) loss	(11)	(4)
Benefit payments	(2)	(2)
Net change in benefit obligations	(12)	(4)
Obligations at end of year	22	34	38
Postretirement Benefits Other Than Pensions | Foreign
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	76	80
Change in benefit obligations:
Service cost	2	2	2
Interest cost	2	2	2
Actuarial (gain) loss	(29)	(6)
Benefit payments	(3)	(2)
Foreign currency translation	(3)
Net change in benefit obligations	(31)	(4)
Obligations at end of year	$ 45	$ 76	$ 80

Pensions Benefit Plans and Ot_2

Pensions Benefit Plans and Other Postretirement Benefits - Changes in Fair Value of Pension Plan Assets (Details) - Pension Benefit Plans. - Funded Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
U.S.
Changes in fair value of pension plan assets
Fair value at beginning of year	$ 1,168	$ 1,324
Actual gain (loss) on plan assets	(256)	145
Benefit payments	(90)	(76)
Employer contributions	10	27
Settlements	(20)	(252)
Net change in fair value of assets	(356)	(156)
Fair value at end of year	812	1,168
Foreign
Changes in fair value of pension plan assets
Fair value at beginning of year	923	929
Actual gain (loss) on plan assets	(255)	7
Benefit payments	(42)	(53)
Employer contributions	16	57
Participant contributions		1
Settlements	(17)	(8)
Foreign currency translation	(79)	(11)
Other	1	1
Net change in fair value of assets	(376)	(6)
Fair value at end of year	$ 547	$ 923

Pensions Benefit Plans and Ot_3

Pensions Benefit Plans and Other Postretirement Benefits - Funded Status (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefit Plans. | Minimum
Defined Benefit Plan Disclosure
Percentage of pension plan assets	10%
Pension Benefit Plans. | U.S. | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 812	$ 1,168	$ 1,324
Projected benefit obligations	860	1,242	1,590
Plan assets less than projected benefit obligations	(48)	(74)
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial gain (loss)	381	437
Total	381	437
Net amount recognized	333	363
Pension Benefit Plans. | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	547	923	929
Projected benefit obligations	669	990	1,127
Plan assets less than projected benefit obligations	(122)	(67)
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial gain (loss)	289	259
Prior service cost (credit)	9	10
Total	298	269
Net amount recognized	176	202
Postretirement Benefits Other Than Pensions | U.S. | Funded Plan
Defined Benefit Plan Disclosure
Projected benefit obligations	22	34	38
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial gain (loss)	(12)	8
Prior service cost (credit)	(18)	(26)
Total	(30)	(18)
Net amount recognized	(52)	(52)
Postretirement Benefits Other Than Pensions | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Projected benefit obligations	45	76	$ 80
Items not yet recognized in pension expense and net postretirement benefit cost:
Prior service cost (credit)	(40)	(13)
Total	(40)	(13)
Net amount recognized	$ (85)	$ (89)

Pensions Benefit Plans and Ot_4

Pensions Benefit Plans and Other Postretirement Benefits - Net Amount Recognized Included in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Net amount recognized included in the Consolidated Balance Sheets
Pension assets	$ 60	$ 150
Pension Benefit Plans. | U.S. | Funded Plan
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with other accrued liabilities	(2)	(1)
Pension benefits and nonpension postretirement benefits	(46)	(73)
Accumulated other comprehensive income (loss)	381	437
Net amount recognized	333	363
Pension Benefit Plans. | Foreign | Funded Plan
Net amount recognized included in the Consolidated Balance Sheets
Pension assets	60	150
Current pension liability and nonpension postretirement benefit, included with other accrued liabilities	(3)	(6)
Pension benefits and nonpension postretirement benefits	(179)	(211)
Accumulated other comprehensive income (loss)	298	269
Net amount recognized	176	202
Postretirement Benefits Other Than Pensions | U.S. | Funded Plan
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with other accrued liabilities	(2)	(2)
Pension benefits and nonpension postretirement benefits	(20)	(32)
Accumulated other comprehensive income (loss)	(30)	(18)
Net amount recognized	(52)	(52)
Postretirement Benefits Other Than Pensions | Foreign | Funded Plan
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with other accrued liabilities	(2)	(2)
Pension benefits and nonpension postretirement benefits	(43)	(74)
Accumulated other comprehensive income (loss)	(40)	(13)
Net amount recognized	$ (85)	$ (89)

Pension Benefit Plans and Oth_3

Pension Benefit Plans and Other Postretirement Benefits - Changes in Plan Assets and Benefit Obligations Recognized in AOCI (Details) - Funded Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Benefit Plans. | U.S.
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	$ (3)	$ (136)
Amortization of actuarial loss	(40)	(62)
Settlement	(13)	(73)
Total	(56)	(271)
Change in accumulated other comprehensive loss	(56)	(271)
Pension Benefit Plans. | Foreign
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	71	(13)
Amortization of actuarial loss	(9)	(43)
Settlement	(7)	(1)
Other adjustments	3	(1)
Total	58	(58)
Translation	(29)	(7)
Change in accumulated other comprehensive loss	29	(65)
Postretirement Benefits Other Than Pensions | U.S.
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	(11)	(4)
Amortization of actuarial loss	(8)	(9)
Amortization of prior service credit	8	9
Total	(11)	(4)
Postretirement Benefits Other Than Pensions | Foreign
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	(29)	(6)
Total	$ (29)	$ (6)

Pensions Benefit Plans and Ot_5

Pensions Benefit Plans and Other Postretirement Benefits - Components of Net Periodic Pension and Postretirement Cost (Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other:
Pension settlement charges	$ 20	$ 74	$ 26
Pension Benefit Plans. | Funded Plan
Amortization:
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Other:
Accumulated benefit obligation	$ 1,513	$ 2,210
Pension Benefit Plans. | U.S. | Funded Plan
Components of net periodic pension cost
Service cost	13	13	$ 11
Interest cost	35	40	50
Expected asset return	(61)	(82)	(85)
Amortization:
Amortization of actuarial loss	40	61	56
Net periodic pension cost	27	32	32
Other:
Pension settlement charges	20	74	26
Pension Benefit Plans. | Foreign | Funded Plan
Components of net periodic pension cost
Service cost	10	12	13
Interest cost	24	21	26
Expected asset return	(36)	(46)	(45)
Amortization:
Amortization of actuarial loss	9	13	12
Net periodic pension cost	$ 7		6
Pension Benefit Plans. | Canadian Pension Plans | Funded Plan
Other:
Annuity contract purchase for settlement of pension obligation		$ 239	$ 31
Postretirement Benefits Other Than Pensions | Funded Plan
Amortization:
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Postretirement Benefits Other Than Pensions | U.S. | Funded Plan
Components of net periodic pension cost
Interest cost	$ 1	$ 2	$ 2
Amortization:
Amortization of actuarial loss	(8)	(9)	(11)
Prior service cost	8	9	5
Net amortization			(6)
Net periodic pension cost	1	2	(4)
Postretirement Benefits Other Than Pensions | Foreign | Funded Plan
Components of net periodic pension cost
Service cost	2	2	2
Interest cost	2	2	2
Amortization:
Prior service cost			(1)
Net amortization			(1)
Net periodic pension cost	$ 4	$ 4	$ 3

Pensions Benefit Plans and Ot_6

Pensions Benefit Plans and Other Postretirement Benefits - Projected and Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - Pension Benefit Plans. - Funded Plan - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
U.S.
Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
Projected benefit obligations	$ 860	$ 1,242
Accumulated benefit obligation	860	1,242
Fair value of plan assets	812	1,168
Accumulated Benefit Obligations Exceeds the Fair Value of Plan Assets
Projected benefit obligations	860	1,242
Accumulated benefit obligation	860	1,242
Fair value of plan assets	812	1,168
Foreign
Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
Projected benefit obligations	216	258
Projected benefit obligations	240
Accumulated benefit obligation	203	240
Accumulated benefit obligation	226
Fair value of plan assets	33	42
Fair value of plan assets	56
Accumulated Benefit Obligations Exceeds the Fair Value of Plan Assets
Projected benefit obligations	216	258
Accumulated benefit obligation	203	240
Fair value of plan assets	$ 33	$ 42

Pensions Benefit Plans and Ot_7

Pensions Benefit Plans and Other Postretirement Benefits - Weighted Average Assumptions (Details) - Funded Plan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefit Plans. | U.S.
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (as a percent)	5.48%	2.86%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (as a percent)	2.86%	2.61%	3.39%
Expected long-term rate of return on assets (as a percent)	5.75%	6.85%	7.15%
Pension Benefit Plans. | Foreign
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (as a percent)	5.52%	2.53%
Rate of compensation increase (as a percent)	3.28%	3.18%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (as a percent)	2.53%	1.92%	2.53%
Rate of compensation increase (as a percent)	3.18%	2.80%	2.86%
Expected long-term rate of return on assets (as a percent)	4.21%	5.46%	5.23%
Postretirement Benefits Other Than Pensions | U.S.
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (as a percent)	5.48%	2.90%	2.48%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (as a percent)	2.90%	2.48%	3.31%
Postretirement Benefits Other Than Pensions | Foreign
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (as a percent)	5.15%	2.95%	2.55%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (as a percent)	2.95%	2.55%	3%

Pensions Benefit Plans and Ot_8

Pensions Benefit Plans and Other Postretirement Benefits - U.S. Plan Assets By Hierarchy (Details) - Pension Benefit Plans. - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Minimum
Defined Benefit Plan Disclosure
Percentage of pension plan assets	10%
U.S. | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 812	$ 1,168	$ 1,324
Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	547	923	$ 929
Cash and cash equivalents | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 9	43
Equity securities | U.S. | Funded Plan
Defined Benefit Plan Disclosure
Percentage of pension plan assets	37%
Equity securities | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Percentage of pension plan assets	5%
Debt securities | U.S. | Funded Plan
Defined Benefit Plan Disclosure
Percentage of pension plan assets	60%
Debt securities | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 29	49
Percentage of pension plan assets	77%
Other | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 23	24
Real estate and other | U.S. | Funded Plan
Defined Benefit Plan Disclosure
Percentage of pension plan assets	3%
Real estate and other | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Percentage of pension plan assets	18%
Level 1 | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 38	78
Level 1 | Cash and cash equivalents | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	9	43
Level 1 | Debt securities | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	29	35
Level 2 | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	23	38
Level 2 | Debt securities | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value		14
Level 2 | Other | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	23	24
Fair Value Measured at Net Asset Value | Foreign | Funded Plan
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 486	$ 807

Pensions Benefit Plans and Ot_9

Pensions Benefit Plans and Other Postretirement Benefits - Minimum Funding Requirements and Estimated Future Benefit Payments (Details) - Funded Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2023
Defined Benefit Plan Disclosure
Defined contribution plans for salaried and hourly U.S. employees	$ 32	$ 30	$ 34
Pension Benefit Plans | U.S.
Estimated future benefit payments
2023	73
2024	72
2025	72
2026	71
2027	70
2028 - 2032	330
Pension Benefit Plans | Foreign
Estimated future benefit payments
2023	42
2024	43
2025	45
2026	47
2027	48
2028 - 2032	257
Pension Benefit Plans | Foreign | Forecast
Defined Benefit Plan Disclosure
Contribution to defined benefit plan				$ 25
Postretirement Benefits Other Than Pensions | U.S.
Estimated future benefit payments
2023	2
2024	2
2025	2
2026	2
2027	2
2028 - 2032	8
Postretirement Benefits Other Than Pensions | Foreign
Estimated future benefit payments
2023	3
2024	3
2025	3
2026	3
2027	3
2028 - 2032	$ 14

Pensions Benefit Plans and O_10

Pensions Benefit Plans and Other Postretirement Benefits - Weighted Average Assumptions Assumed and Effect of Percentage Point Change in Health Care Cost Trend (Details) - Funded Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
U.S.
Weighted average assumed health care cost trend (in percent)
Health care cost trend rate assumed for next year (as a percent)	6.50%	6.40%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate) (as a percent)	5%	5%
Year that the rate reaches the ultimate trend rate	2031	2029
Foreign
Weighted average assumed health care cost trend (in percent)
Health care cost trend rate assumed for next year (as a percent)	5%	5%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate) (as a percent)	5%	5%
Postretirement Benefits Other Than Pensions | U.S.
Defined Benefit Plan Disclosure
Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked	$ 5	$ 5	$ 5

Leases - (Details)

Leases - (Details)	12 Months Ended
	Dec. 31, 2022
Leases
Finance leases - option to extend	true
Operating leases - option to extend	true

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finance lease cost
Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense)	$ 13	$ 16	$ 7
Interest on lease liabilities (included in Interest expense, net)	3	3	2
Operating lease cost (included in Cost of goods sold and Selling and administrative expense)	57	52	75
Total lease cost	$ 73	$ 71	$ 84

Leases - Other information (Det

Leases - Other information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases
Operating cash flows from operating leases	$ 52	$ 52	$ 75
Financing cash flows from finance leases	3	3	2
Right-of-use assets obtained in exchange for new operating lease liabilities	13	16	7
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 171	$ 33	$ 42

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating leases:
Operating lease right-of-use assets (included in Other assets)	$ 225	$ 116
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Current operating lease liabilities (included in Other current liabilities)	$ 41	$ 38
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Noncurrent operating lease liabilities (included in Other long-term liabilities)	$ 189	$ 78
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 230	$ 116
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities, Current, Other Liabilities, Noncurrent	Other Liabilities, Current, Other Liabilities, Noncurrent
Finance leases:
Property, plant and equipment	$ 179	$ 155
Accumulated amortization	(48)	(51)
Net property, plant and equipment	131	104
Current finance lease liabilities (included in Long-term debt due within one year)	$ 13	$ 14
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-term Debt, Current Maturities	Long-term Debt, Current Maturities
Noncurrent finance lease liabilities (included in Long-term debt)	$ 119	$ 84
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term Debt, Excluding Current Maturities	Long-term Debt, Excluding Current Maturities
Total finance lease liabilities	$ 132	$ 98
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Long-term Debt, Current Maturities, Long-term Debt, Excluding Current Maturities	Long-term Debt, Current Maturities, Long-term Debt, Excluding Current Maturities
Weighted-average remaining lease term (in years):
Operating leases weighted-average remaining lease term (in years)	7 years 4 months 24 days	5 years 1 month 6 days
Finance leases weighted-average remaining lease term (in years)	5 years 7 months 6 days	6 years 2 months 12 days
Weighted-average discount rate:
Operating leases (as a percent)	5.71%	3.61%
Finance leases (as a percent)	5.06%	2.58%

Leases - Maturity of lease liab

Leases - Maturity of lease liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating leases
2023	$ 52
2024	44
2025	34
2026	30
2027	28
2028 and thereafter	97
Total lease payments	285
Less: imputed interest	(55)
Total operating lease liabilities	230	$ 116
Finance leases
2022	19
2023	25
2024	25
2025	25
2026	24
2027 and thereafter	46
Total lease payments	164
Less: imputed interest	(32)
Total finance lease liabilities	$ 132	$ 98

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes, Continued and Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Continuing operations
U.S.	$ 1	$ (295)	$ (85)
Non-U.S.	804	627	438
Earnings (loss) before income taxes	$ 805	332	$ 353
Discontinued operations;
Non-U.S.		7
Earnings (loss) from discontinued operations before income taxes		$ 7

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
U.S.	$ 14	$ 12	$ 8
Non-U.S.	142	150	86
Total	156	162	94
Deferred:
U.S.	(1)	(1)	1
Non-U.S.	23	6	(6)
Total	22	5	(5)
Total:
U.S.	13	11	9
Non-U.S.	165	156	80
Provision for income taxes	178	167	89
Total	$ 178	$ 167	$ 89

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of the Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
A reconciliation of the provision (benefit) for income taxes
Statutory U.S. Federal tax rate (as a percent)	21%	21%	21%
Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate	$ 169	$ 70	$ 74
Increase (decrease) in provision for income taxes due to:
Non-U.S. tax rates	34	31	34
Global intangible low taxed income and Foreign-derived intangible income, net of applicable GILTI credits	48	6	7
Goodwill and equity investment impairments			6
Divestitures and sale leasebacks of land and building	(34)		(87)
Tax law changes	(1)	(6)	(10)
Tax impact of Brazil indirect tax ruling	(6)	(7)
Change in valuation allowance	(36)	93	59
Tax attribute expiration	6	8	6
Withholding tax	24	12	12
Non-deductible expenses and taxable gains	11	24	14
Tax credits and incentives	(25)	(67)	(11)
Changes in tax reserves and audit settlements	(4)	10	2
Mexico inflationary adjustment	(2)	(6)
Equity earnings	(20)	(16)	(14)
Intercompany financing	4	10	12
Other taxes based on income	5	5	2
Other items	5		(17)
Provision for income taxes	$ 178	$ 167	$ 89

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accrued postretirement benefits	$ 23	$ 34
Paddock-related liabilities		137
Foreign tax credit carryovers	149	161
Operating, capital loss and interest carryovers	284	255
Other credit carryovers	24	20
Accrued liabilities	72	54
Pension liabilities	24	19
Operating lease liabilities	54	28
Other	90	68
Total deferred tax assets	720	776
Deferred tax liabilities:
Property, plant, and equipment	128	114
Intangibles and deferred software	61	72
Operating lease right-of-use assets	53	28
Total deferred tax liabilities	242	214
Valuation allowance	(445)	(512)
Net deferred taxes	$ 33	$ 50

Income Taxes - Deferred Taxes I

Income Taxes - Deferred Taxes Included in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes.
Other assets	$ 117	$ 152
Deferred taxes	(84)	(102)
Net deferred taxes	33	$ 50
Deferred tax benefit associated with reduction in valuation allowance	67
Deferred tax benefit associated with reduction in valuation allowance allocated to income from continuing operations	42
Deferred tax benefit associated with reduction in valuation allowance allocated to other comprehensive income	$ 25

Income Taxes - Possible Changes

Income Taxes - Possible Changes of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reasonably possible change in unrecognized tax benefits
Foreign tax credit carryovers	$ 149	$ 161
Unused foreign tax credits expiring in current year through following nine years	71
Unused foreign tax credits carried over indefinitely	78
Operating and capital loss carryforwards with indefinite life	189
Operating and capital loss carryforwards expiring in current year through following 19 years	95
Unused research tax credits expiring in current year through following 18 years	$ 22
Period during which unrecognized tax benefits are reasonably possible of being settled as a result of audit settlements or statute expirations	12 months
Maximum
Reasonably possible change in unrecognized tax benefits
Reasonably possible decrease in unrecognized tax benefits related to audit settlements or statute expirations	$ 30

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Total Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of the Company's total gross unrecognized tax benefits
Balance at beginning of the period	$ 95	$ 93	$ 99
Additions and reductions for tax positions of prior years		3
Additions and reductions for tax positions of prior years	(10)		(20)
Additions based on tax positions related to the current year		3	11
Reductions due to settlements	(31)
Foreign currency translation	(1)	(4)
Foreign currency translation			3
Balance at ending of the period	53	95	93
Unrecognized tax benefits, which if recognized, would impact the Company's effective income tax rate	37	75	80
Accrued interest and penalties	8	16	14
Interest and penalties included in tax expense	$ (8)	$ 2	$ 3

Debt (Details)

Debt (Details) $ / shares in Units, € in Millions, $ in Millions	1 Months Ended		3 Months Ended		12 Months Ended
	Aug. 31, 2022 USD ($)	Nov. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) agreement $ / shares	Dec. 31, 2022 EUR (€)	Aug. 30, 2022 USD ($)	Jul. 18, 2022 USD ($)	Mar. 25, 2022 USD ($)	Mar. 01, 2022 USD ($)	Feb. 28, 2022 USD ($)	Feb. 10, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
Debt Instrument
Total long-term debt					$ 4,671								$ 4,791
Less amounts due within one year					300								38
Long-term debt					4,371								4,753
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees			$ 1
Additional interest charges for related party fees				$ 2
Original Agreement
Debt Instrument
Maximum Borrowing Capacity									$ 2,800
First amendment to Original Agreement
Debt Instrument
Maximum Borrowing Capacity							$ 500
Paddock
Debt Instrument
Face value								$ 8.5
Secured Credit Agreement
Debt Instrument
Unused Credit					$ 1,240
Number of financial maintenance covenants | agreement					1
Additional default interest rate per annum applied to all obligations owed under the Agreement					2%
Weighted average interest rate (as a percent)					5.93%	5.93%
Secured Credit Agreement | Minimum
Debt Instrument
Interest rate margin, Term SOFR loans and Euro currency rate loans					1%	1%
Interest rate margin, Base Rate loans (as a percent)					0%
Facility fee payable (as a percent)					0.20%
Secured Credit Agreement | Maximum
Debt Instrument
Interest rate margin, Term SOFR loans and Euro currency rate loans					2.25%	2.25%
Interest rate margin, Base Rate loans (as a percent)					1.25%
Leverage Ratio					2.50
Facility fee payable (as a percent)					0.35%
Term Loan A
Debt Instrument
Total long-term debt					$ 1,426
Debt redeemed		$ 128
Maximum Borrowing Capacity					1,450
Term Loan A
Debt Instrument
Total long-term debt													923
Senior Notes
Debt Instrument
Debt repurchased amount												$ 250
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees		$ 13		$ 16
Senior Notes 4.00%, due 2023
Debt Instrument
Interest rate, stated percentage		4%
Debt redeemed		$ 310
Increase in long term debt, net of debt issuance costs		395
Senior Notes 5.875%, due 2023
Debt Instrument
Total long-term debt					$ 249								695
Interest rate, stated percentage	5.875%				5.875%	5.875%				5.875%	5.875%	5.875%
Debt repurchased amount											$ 150
Debt redeemed	$ 300
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees	7
Fair values of fixed rate debt obligations
Principal Amount	$ 250				$ 250					$ 550
Indicated Market Price (in dollars per share) | $ / shares					$ 99.78
Fair Value					$ 249
Senior Notes 3.125%, due 2024 (725 million EUR)
Debt Instrument
Total long-term debt					$ 731	€ 725							826	€ 725
Interest rate, stated percentage					3.125%	3.125%
Fair values of fixed rate debt obligations
Principal Amount					$ 772
Indicated Market Price (in dollars per share) | $ / shares					$ 97.38
Fair Value					$ 752
Senior Notes 6.375%, due 2025
Debt Instrument
Total long-term debt					$ 298								297
Interest rate, stated percentage					6.375%	6.375%						6.375%
Fair values of fixed rate debt obligations
Principal Amount					$ 300
Indicated Market Price (in dollars per share) | $ / shares					$ 97.79
Fair Value					$ 293
Senior Notes, 5.375% due 2025
Debt Instrument
Total long-term debt					$ 299								298
Interest rate, stated percentage					5.375%	5.375%						5.375%
Fair values of fixed rate debt obligations
Principal Amount					$ 300
Indicated Market Price (in dollars per share) | $ / shares					$ 96.93
Fair Value					$ 291
Senior Notes 2.875%, due 2025 (500 million EUR)
Debt Instrument
Total long-term debt					$ 529	€ 500							561	€ 500
Interest rate, stated percentage					2.875%	2.875%
Fair values of fixed rate debt obligations
Principal Amount					$ 533
Indicated Market Price (in dollars per share) | $ / shares					$ 96.51
Fair Value					$ 514
Senior Notes 6.625%, due 2027
Debt Instrument
Total long-term debt					$ 607								693
Interest rate, stated percentage					6.625%	6.625%				6.625%		6.625%
Debt repurchased amount											$ 88.2
Fair values of fixed rate debt obligations
Principal Amount					$ 612					$ 611.8
Indicated Market Price (in dollars per share) | $ / shares					$ 97.80
Fair Value					$ 599
Senior Notes 4.75% due 2030
Debt Instrument
Total long-term debt		$ 400			$ 396								395
Interest rate, stated percentage		4.75%			4.75%	4.75%
Fair values of fixed rate debt obligations
Principal Amount					$ 400
Indicated Market Price (in dollars per share) | $ / shares					$ 87.73
Fair Value					$ 351
Finance leases
Debt Instrument
Total long-term debt					132								98
Other debt
Debt Instrument
Total long-term debt					4								$ 5
Revolving Credit Facility
Debt Instrument
Maximum Borrowing Capacity					300
Delayed draw term loan facility
Debt Instrument
Maximum Borrowing Capacity									$ 600
Multicurrency Revolving Credit Facility
Debt Instrument
Maximum Borrowing Capacity					$ 950

Debt - Annual Maturities of Lon

Debt - Annual Maturities of Long-Term Debt (Details) $ in Millions	Dec. 31, 2022 USD ($)
Annual maturities of long-term debt
2023	$ 300
2024	805
2025	1,218
2026	92
2027	1,822
2028 and thereafter	$ 434

Contingencies - Asbestos (Detai

Contingencies - Asbestos (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Contingencies
Sale of goods containing asbestos from 1948 to 1958	$ 40

Contingencies - Paddock Enterpr

Contingencies - Paddock Enterprises, LLC (Details) - USD ($) $ in Millions			12 Months Ended
	Jul. 20, 2022	Jul. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jul. 08, 2022	Jan. 06, 2020
Loss contingencies
Cash							$ 47
Loss for deconsolidation of Paddock					$ (14)
Deconsolidation investing outflow					47
Remaining assets			$ 9,061	$ 8,832	8,882
Cash and cash equivalents			773	725
Operating cash outflow			154	680	457
Liability from deconsolidation				625			$ 471
Funding to trust		$ 601.5
Funding to trust through borrowings		600
Funding to trust through cash		1.5
Total consideration ("Settlement Consideration")						$ 610
Estimated operating cash outflow			154	$ 687	$ 457
Paddock
Loss contingencies
Deconsolidation investing outflow	$ 8.5
Remaining assets	18
Liabilities	30
Cash and cash equivalents	$ 12
Operating cash outflow			$ 621
Face value		$ 8.5

Contingencies - Other Matters (

Contingencies - Other Matters (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022
Contingencies
Loss contingency accrual		$ 25
Gain from favorable court ruling	$ 71
Income tax expense related to litigation settlement	$ 21

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	$ (1,972)
Other comprehensive income (loss)	99	$ 295	$ (429)
Balance at end of the period	(1,861)	(1,972)
Net Effect of Exchange Rate Fluctuations
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,290)	(1,229)	(813)
Change before reclassifications	10	(61)	(267)
Other comprehensive income (loss)	10	(61)	(416)
Balance at end of the period	(1,280)	(1,290)	(1,229)
Change in Certain Derivative Instruments
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(21)	(60)	(14)
Change before reclassifications	60	119	(156)
Amounts reclassified from accumulated other comprehensive loss	(27)	(80)	112
Translation effect	(5)	1	(2)
Tax effect	(3)	(1)	(1)
Other comprehensive income (loss)	25	39	(46)
Balance at end of the period	4	(21)	(60)
Employee Benefit Plans
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(661)	(983)	(1,016)
Change before reclassifications	(24)	165	(32)
Amounts reclassified from accumulated other comprehensive loss	69	148	68
Translation effect	21	9	(9)
Tax effect	10		2
Other comprehensive income (loss)	76	322	33
Balance at end of the period	(585)	(661)	(983)
Accumulated Other Comprehensive Loss.
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,972)	(2,272)	(1,843)
Change before reclassifications	46	223	(455)
Amounts reclassified from accumulated other comprehensive loss	42	68	180
Translation effect	16	10	(11)
Tax effect	7	(1)	1
Other comprehensive income (loss)	111	300	(429)
Balance at end of the period	$ (1,861)	$ (1,972)	(2,272)
Australia and New Zealand ("ANZ") business | Net Effect of Exchange Rate Fluctuations
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Amounts reclassified from accumulated other comprehensive loss			(149)
Australia and New Zealand ("ANZ") business | Change in Certain Derivative Instruments
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Amounts reclassified from accumulated other comprehensive loss			1
Australia and New Zealand ("ANZ") business | Employee Benefit Plans
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Amounts reclassified from accumulated other comprehensive loss			4
Australia and New Zealand ("ANZ") business | Accumulated Other Comprehensive Loss.
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Amounts reclassified from accumulated other comprehensive loss			$ (144)

Stock Based Compensation - Shar

Stock Based Compensation - Share-based Compensation Arrangement by Share-based Payment Award (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award
Shares available for grants under the plans	6,281,958
Compensation cost for all grants of shares and units	$ 33	$ 8	$ 11

Stock Based Compensation - Rest

Stock Based Compensation - Restricted share and Restricted Share Units and Performance Vested Restricted Share Units (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Shares issued	500,000	600,000	900,000
Unrecognized compensation cost of unvested stock options, restricted shares, restricted share units and performance vested restricted share units (in dollars) | $	$ 20
Weighted average period during which unrecognized compensation costs would be recognized	2 years
Restricted Shares and Restricted Share Units
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Nonvested, beginning balance (in shares)	1,797,000
Granted (in shares)	980,000
Vested (in shares)	(729,000)
Forfeited (in shares)	(59,000)
Nonvested, ending balance (in shares)	1,989,000	1,797,000
Nonvested, Beginning balance (in dollars per share) | $ / shares	$ 12.83
Granted (in dollars per share) | $ / shares	11.92	$ 12.83	$ 12.54
Vested (in dollars per share) | $ / shares	14.15
Forfeited (in dollars per share) | $ / shares	11.64
Nonvested, Closing balance (in dollars per share) | $ / shares	$ 11.94	$ 12.83
Total fair value of shares issued (in dollars) | $	$ 10	$ 9	$ 9
Restricted Shares and Restricted Share Units | Shares granted to employees after March 21, 2005 | Minimum
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Fair value of restricted shares, amortization period	1 year
Restricted Shares and Restricted Share Units | Shares granted to employees after March 21, 2005 | Maximum
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Fair value of restricted shares, amortization period	3 years
Restricted Share Units | Shares granted to directors after 2007
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Shares of common stock granted vesting period	1 year
Restricted Share Units | Shares granted to employees after 2010
Share-based Compensation Arrangement by Share-based Payment Award
Common stock distribution ratio	1
Performance Vested Restricted Share Units
Restricted share and Restricted Share Units and Performance Vested Restricted Share Units
Nonvested, beginning balance (in shares)	2,935,000
Granted (in shares)	1,241,000
Forfeited (in shares)	(710,000)
Nonvested, ending balance (in shares)	3,466,000	2,935,000
Nonvested, Beginning balance (in dollars per share) | $ / shares	$ 12.70
Granted (in dollars per share) | $ / shares	14.56	$ 12.70	$ 14.63
Forfeited (in dollars per share) | $ / shares	18.48
Nonvested, Closing balance (in dollars per share) | $ / shares	$ 12.19	$ 12.70
Shares of common stock holder may receive, per unit of vested units	2
Shares issued	0

Other Income (Expense), net (De

Other Income (Expense), net (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Income (Expense), net
Charge related to Paddock support agreement liability (see Note 15)	$ (154)		$ (154)
Pension settlement charges (see Note 11)		$ (20)	(74)	$ (26)
Restructuring, asset impairment and other charges		(53)	(35)	(106)
Gain on sale of divested businesses and miscellaneous assets (see Note 22)		55	84
Brazil indirect tax credit (see Note 15)			71
Gain on sale of ANZ businesses (see Note 22)				275
Gain on sale leasebacks (see Note 22)		334
Intangible amortization expense		(33)	(34)	(33)
Strategic transaction and corp. modernization costs				(8)
Charge for deconsolidation of Paddock (see Note 15)				(14)
Royalty income		24	24	12
Foreign currency exchange loss		(2)	(3)	(4)
Other income (expense), net		(6)	3	(9)
Other Income (Expense), net		$ 299	$ (118)	$ 87

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net earnings attributable to the Company	$ 584	$ 149	$ 249
Denominator (in thousands):
Denominator for basic earnings per share - weighted average shares outstanding (in shares)	155,309,000	157,150,000	156,806,000
Effect of dilutive securities:
Stock options and other (in shares)	3,676,000	3,159,000	1,979,000
Denominator for diluted earnings per share - adjusted weighted average shares outstanding (in shares)	158,985,000	160,309,000	158,785,000
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 3.76	$ 0.90	$ 1.59
Gain from discontinued operations (in dollars per share)		0.05
Net earnings	3.76	0.95	1.59
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	3.67	0.88	1.57
Gain from discontinued operations (in dollars per share)		0.05
Net earnings	$ 3.67	$ 0.93	$ 1.57
Weighted average shares of common stock attributable to options not included in diluted earnings per share (in shares)	786,032	1,199,000	2,333,339

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Components of Working Capital (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Decrease (increase) in current assets:
Receivables - change in factoring	$ 54	$ 45	$ (103)
Receivables - all other changes	(137)	(191)	(29)
Inventories	(61)	(32)	75
Prepaid expenses and other	(6)	(15)	(30)
Increase (decrease) in current liabilities:
Accounts payable	146	161	(67)
Accrued liabilities	45	(30)	(43)
Salaries and wages	19	30	24
U.S. and foreign income taxes	35	19	(8)
Changes in components of working capital, total	$ 95	$ (13)	$ (181)

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information
Amount of receivables sold	$ 535	$ 481	$ 436
Receivables sold under supply chain factoring program	158	180	176
Interest paid in cash	234	209	252
Increase or decrease to cash from operating activities from factoring programs	11	6	6
Income taxes paid in cash
Income taxes paid in cash	171	111	91
Cash interest included in note repurchase premiums	17	11	41
U.S. operations
Income taxes paid in cash
Income taxes paid in cash	14	9	1
Non-U.S.
Income taxes paid in cash
Income taxes paid in cash	$ 157	$ 102	$ 90

Divestitures and Sale Leaseba_2

Divestitures and Sale Leasebacks of Land and Building (Details) $ in Millions, $ in Millions

1 Months Ended

3 Months Ended

5 Months Ended

12 Months Ended

Jul. 31, 2020 USD ($)

Jul. 31, 2020 AUD ($)

Aug. 31, 2022 USD ($)

May 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jan. 31, 2021 USD ($)

Mar. 31, 2022 USD ($)

Mar. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2022 USD ($) Plant

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Divestitures

Pretax gain

$ 55

$ 84

Gain on sale leasebacks

$ 334

Gain on sale of divested business

$ 275

Pretax income

$ 7

Lease

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]

Other Assets, Noncurrent

Other Assets, Noncurrent

Other Assets, Noncurrent

Operating lease right-of-use assets (included in Other assets)

$ 116

$ 225

$ 116

Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]

Other Liabilities, Current

Other Liabilities, Current

Other Liabilities, Current

Current operating lease liabilities (included in Other current liabilities)

$ 38

$ 41

$ 38

Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]

Other Liabilities, Noncurrent

Other Liabilities, Noncurrent

Other Liabilities, Noncurrent

Noncurrent operating lease liabilities (included in Other long-term liabilities)

$ 78

$ 189

$ 78

Americas | Disposal Group, Not Discontinued Operations

Divestitures

Number of plants sold | Plant

2

Gain on sale leasebacks

$ 334

Argentina | Discontinued Operations, Disposed of by Sale

Divestitures

Gross proceeds

$ 10

Australia And New Zealand ("ANZ") business | Discontinued Operations, Disposed of by Sale

Divestitures

Gross proceeds

$ 677

$ 947

$ 58

Sale and related sale lease-back net proceeds

$ 214

Percentage of proceeds were received at time of closing

95%

95%

Australia And New Zealand ("ANZ") business | Other operating income (expense) | Discontinued Operations, Disposed of by Sale

Divestitures

Gain on sale of divested business

$ 275

Le Parfait | Discontinued Operations, Disposed of by Sale

Divestitures

Gross proceeds

113

Gain on sale of businesses, after tax

70

Le Parfait | Other operating income (expense) | Discontinued Operations, Disposed of by Sale

Divestitures

Pretax gain

$ 84

Cristar TableTop S.A.S. | Disposal Group, Not Discontinued Operations

Divestitures

Net proceeds

$ 96

Gain on sale of businesses, after tax

16

Cristar TableTop S.A.S. | Other operating income (expense) | Disposal Group, Not Discontinued Operations

Divestitures

Pretax gain

$ 55

$ 55

Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations

Lease

Lease term

10 years

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]

Other Assets, Noncurrent

Operating lease right-of-use assets (included in Other assets)

$ 61

Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]

Other Liabilities, Current

Current operating lease liabilities (included in Other current liabilities)

$ 4

Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]

Other Liabilities, Noncurrent

Noncurrent operating lease liabilities (included in Other long-term liabilities)

$ 58

Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations | Minimum

Lease

Rent payment

$ 7.2

Vernon, California (Los Angeles) Plant | Disposal Group, Not Discontinued Operations | Maximum

Lease

Rent payment

10.3

Vernon, California (Los Angeles) Plant | Other operating income (expense) | Disposal Group, Not Discontinued Operations

Divestitures

Net proceeds

181

Gain on sale leasebacks

153

Gain on sale of businesses, after tax

$ 153

Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations

Lease

Lease term

10 years

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]

Other Assets, Noncurrent

Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]

Other Liabilities, Current

Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]

Other Liabilities, Noncurrent

Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations | Minimum

Lease

Rent payment

$ 7.3

Brampton, Ontario, Canada Plant | Disposal Group, Not Discontinued Operations | Maximum

Lease

Rent payment

9.1

Brampton, Ontario, Canada Plant | Other operating income (expense) | Disposal Group, Not Discontinued Operations

Divestitures

Net proceeds

190

Gain on sale leasebacks

181

Gain on sale of businesses, after tax

$ 158

Assets Held for Sale (Details)

Assets Held for Sale (Details) $ in Millions	Dec. 31, 2021 USD ($) country
Balance Sheet Disclosures of Discontinued Operations
Total assets held for sale	$ 49
Total liabilities related to assets held for sale	$ 13
Cristar TableTop S.A.S. | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Divestitures
Number of countries in which product is sold | country	40
Balance Sheet Disclosures of Discontinued Operations
Cash	$ 3
Accounts receivable, net	13
Inventories	7
Property, plant and equipment, net	8
Goodwill	18
Total assets held for sale	49
Accounts payable	10
Other accrued liabilities	3
Total liabilities related to assets held for sale	$ 13

SCHEDULE II - VALUATION AND Q_2

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowances for losses and discounts on receivables
Reserves deducted from assets in the balance sheets:
Balance at beginning of period	$ 28	$ 33	$ 32
Additions
Charged to costs and expenses/charged to income	8	6	6
Other	(1)	(2)	(2)
Deductions	(7)	(9)	(3)
Balance at end of period	28	28	33
Valuation allowance on net deferred tax assets
Reserves deducted from assets in the balance sheets:
Balance at beginning of period	512	493	462
Additions
Charged to costs and expenses/charged to income	(36)	93	59
Other	(25)	(67)	3
Foreign currency translation	(6)	(4)	7
Other		(3)	(38)
Balance at end of period	$ 445	$ 512	$ 493