O-I Glass 10-Q 30 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2019shares
Document and Entity Information
Entity Registrant Name	OWENS-ILLINOIS GROUP, INC.
Entity Central Index Key	0000812233
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2019
Entity File Number	33-13061
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	34-1559348
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, par value $.01
No Trading Symbol Flag	true
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	100
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED RESULTS OF OPERATIONS
Net sales	$ 1,670	$ 1,734	$ 5,063	$ 5,242
Revenue, Product and Service [Extensible List]	Net sales	Net sales	Net sales	Net sales
Cost of goods sold	$ (1,371)	$ (1,410)	$ (4,131)	$ (4,253)
Gross profit	299	324	932	989
Selling and administrative expense	(108)	(115)	(339)	(367)
Research, development and engineering expense	(16)	(17)	(50)	(50)
Interest expense, net	(83)	(63)	(215)	(199)
Equity earnings	17	19	55	57
Other income (expense), net (incl. goodwill impairment)	(645)	20	(709)	(49)
Earnings (loss) from continuing operations before income taxes	(536)	168	(326)	381
Provision for income taxes	(31)	(41)	(86)	(95)
Earnings (loss) from continuing operations	(567)	127	(412)	286
Loss from discontinued operations			(1)	(1)
Net earnings (loss)	(567)	127	(413)	285
Net earnings attributable to noncontrolling interests	(8)	(7)	(17)	(18)
Net earnings (loss) attributable to the Company	(575)	120	(430)	267
Amounts attributable to the Company:
Earnings (loss) from continuing operations	(575)	120	(429)	268
Loss from discontinued operations			(1)	(1)
Net earnings (loss) attributable to the Company	$ (575)	$ 120	$ (430)	$ 267

CONDENSED CONSOLIDATED COMPREHE

CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (LOSS)
Net earnings (loss)	$ (567)	$ 127	$ (413)	$ 285
Other comprehensive income (loss):
Foreign currency translation adjustments	(118)	32	(67)	(110)
Pension and other postretirement benefit adjustments, net of tax	27	15	49	51
Change in fair value of derivative instruments, net of tax	5	(1)	1	(7)
Other comprehensive income (loss)	(86)	46	(17)	(66)
Total comprehensive income (loss)	(653)	173	(430)	219
Comprehensive income (loss) attributable to noncontrolling interests	14	1	13
Comprehensive income (loss) attributable to the Company	$ (639)	$ 174	$ (417)	$ 219

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 273	$ 512	$ 440
Trade receivables, net of allowance of $31 million, $35 million, and $35 million at September 30, 2019, December 31, 2018 and September 30, 2018	968	549	992
Inventories	1,015	1,018	973
Prepaid expenses and other current assets	278	278	259
Total current assets	2,534	2,357	2,664
Property, plant and equipment, net	3,104	3,085	3,044
Goodwill	1,893	2,513	2,549
Intangibles, net	404	400	422
Other assets	1,613	1,344	1,261
Total assets	9,548	9,699	9,940
Current liabilities:
Accounts payable	1,064	1,321	1,048
Short-term loans and long-term debt due within one year	376	160	152
Other liabilities	630	566	604
Other liabilities - discontinued operations			115
Total current liabilities	2,070	2,047	1,919
Long-term debt	5,512	5,181	5,487
Other long-term liabilities	1,063	969	925
Share owners' equity	903	1,502	1,609
Total liabilities and share owners' equity	$ 9,548	$ 9,699	$ 9,940

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
CONSOLIDATED BALANCE SHEETS
Trade receivables allowance	$ 31	$ 35	$ 35

CONDENSED CONSOLIDATED CASH FLO

CONDENSED CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net earnings (loss)	$ (413)	$ 285
Loss from discontinued operations	1	1
Non-cash charges
Depreciation and amortization	380	384
Pension expense	24	25
Restructuring, asset impairment and related charges	56	70
Pension settlement charges	13
Goodwill impairment charge	595
Cash payments
Pension contributions	(29)	(26)
Cash paid for restructuring activities	(41)	(21)
Change in components of working capital	(661)	(545)
Other, net (a)	(36)	(34)
Cash provided by (utilized in) continuing operating activities	(111)	139
Cash utilized in discontinued operating activities	(1)	(1)
Total cash provided by (utilized in) operating activities	(112)	138
Cash flows from investing activities:
Cash payments for property, plant and equipment	(333)	(383)
Acquisitions, net of cash acquired	(157)
Contributions and advances to joint ventures	(22)	(48)
Net cash proceeds on disposal of assets	2	10
Other, net	5
Cash utilized in investing activities	(505)	(421)
Cash flows from financing activities:
Changes in borrowings, net	593	413
Distributions to parent	(200)	(146)
Payment of finance fees and note repurchase premiums	(31)	(13)
Distributions to noncontrolling interests	(7)	(9)
Net cash proceeds for hedging activity	28
Cash provided by financing activities	383	245
Effect of exchange rate fluctuations on cash	(5)	(14)
Decrease in cash	(239)	(52)
Cash at beginning of period	512	492
Cash at end of period	$ 273	$ 440

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Basis of Presentation
Basis of Presentation	1. Basis of Presentation ​ The Company is a 100% owned subsidiary of Owens-Illinois, Inc. (“OI Inc.”). Although OI Inc. does not conduct any operations, it has substantial obligations related to asbestos-related payments. OI Inc. relies primarily on distributions from its direct and indirect subsidiaries to meet these obligations. ​

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Information
Segment Information	2. Segment Information The Company has three reportable segments and three operating segments based on its geographic locations: Americas, Europe and Asia Pacific. These segments are aligned with the Company’s internal approach to managing, reporting, and evaluating performance of its global glass operations. 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, and certain equity investments. 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, 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 for the three and nine months ended September 30, 2019 and 2018 regarding the Company’s reportable segments is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, Nine months ended September 30, ​ ​ ​ 2019 2018 2019 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 918 ​ $ 939 ​ $ 2,733 ​ $ 2,777 ​ Europe ​ 588 ​ 613 ​ 1,834 ​ ​ 1,930 ​ Asia Pacific ​ 152 ​ 165 ​ 455 ​ ​ 491 ​ Reportable segment totals ​ 1,658 ​ 1,717 ​ 5,022 ​ 5,198 ​ Other ​ 12 ​ ​ 17 ​ 41 ​ 44 ​ Net sales ​ $ 1,670 ​ $ 1,734 ​ $ 5,063 ​ $ 5,242 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2019 2018 2019 2018 Segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 123 ​ $ 158 ​ $ 380 ​ $ 458 ​ Europe ​ 79 ​ ​ 87 ​ ​ 248 ​ ​ 260 ​ Asia Pacific ​ 3 ​ ​ 10 ​ ​ 13 ​ ​ 16 ​ Reportable segment totals ​ 205 ​ 255 ​ 641 ​ 734 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ (20) ​ ​ (24) ​ ​ (71) ​ ​ (81) ​ Charge for goodwill impairment ​ (595) ​ ​ ​ ​ ​ (595) ​ ​ ​ ​ Restructuring, asset impairment, pension settlement and other charges ​ (43) ​ ​ ​ ​ ​ (86) ​ ​ (73) ​ Interest expense, net ​ (83) ​ ​ (63) ​ ​ (215) ​ ​ (199) ​ Earnings (loss) from continuing operations before income taxes ​ $ (536) ​ $ 168 ​ $ (326) ​ $ 381 ​ ​ Financial information regarding the Company’s total assets is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ 2019 2018 2018 Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas $ 5,241 $ 5,497 $ 5,455 ​ Europe ​ 3,053 ​ 3,036 ​ 3,220 ​ Asia Pacific ​ 1,021 ​ 918 ​ 999 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable segment totals ​ 9,315 ​ 9,451 ​ 9,674 ​ Other ​ 233 ​ 248 ​ ​ 266 ​ Consolidated totals $ 9,548 $ 9,699 $ 9,940 ​ ​

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue
Revenue	3. Revenue Revenue is recognized 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. 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 three and nine month periods ended September 30, 2019 and September 30, 2018, the Company had no material bad debt expense and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Condensed Consolidated Balance Sheet. For the three and nine month periods ended September 30, 2019 and September 30, 2018, revenue recognized from prior periods (for example, due to changes in transaction price) was not material. The following tables for the three months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2019 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 591 $ 409 $ 106 ​ $ 1,106 Food and other ​ 192 ​ 119 ​ 26 ​ 337 Non-alcoholic beverages ​ 135 ​ 60 ​ 20 ​ 215 Reportable segment totals ​ $ 918 ​ $ 588 ​ $ 152 ​ $ 1,658 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,670 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2018 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 582 ​ $ 419 ​ $ 121 ​ $ 1,122 Food and other ​ 209 ​ ​ 127 ​ ​ 24 ​ 360 Non-alcoholic beverages ​ 148 ​ ​ 67 ​ ​ 20 ​ 235 Reportable segment totals ​ $ 939 ​ $ 613 ​ $ 165 ​ $ 1,717 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,734 ​ ​ The following tables for the nine months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2019 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,744 ​ $ 1,315 ​ $ 320 ​ $ 3,379 Food and other ​ 564 ​ ​ 331 ​ ​ 80 ​ 975 Non-alcoholic beverages ​ 425 ​ ​ 188 ​ ​ 55 ​ 668 Reportable segment totals ​ $ 2,733 ​ $ 1,834 ​ $ 455 ​ $ 5,022 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2018 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,743 ​ $ 1,383 ​ $ 361 ​ $ 3,487 Food and other ​ 594 ​ ​ 351 ​ ​ 72 ​ 1,017 Non-alcoholic beverages ​ 440 ​ ​ 196 ​ ​ 58 ​ 694 Reportable segment totals ​ $ 2,777 ​ $ 1,930 ​ $ 491 ​ $ 5,198 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 44 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,242 ​

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventories
Inventories	4. Inventories ​ Major classes of inventory at September 30, 2019, December 31, 2018 and September 30, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2019 2018 2018 Finished goods ​ $ 836 ​ $ 849 ​ $ 808 ​ Raw materials ​ 134 ​ 125 ​ 119 ​ Operating supplies ​ 45 ​ 44 ​ 46 ​ ​ ​ $ 1,015 ​ $ 1,018 ​ $ 973 ​ ​

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments
Derivative Instruments	6. Derivative Instruments The Company has certain derivative assets and liabilities, which consist of natural gas forwards, 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 forward rates, 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 Designated as Cash Flow Hedges ​ The Company enters into commodity forward contracts related to forecasted natural gas requirements, the objectives of which are to limit the effects of fluctuations in the future market price paid for natural gas and the related volatility in cash flows. ​ An unrecognized gain of $1 million at September 30, 2019, an unrecognized gain of $1 million at December 31, 2018 and an unrecognized loss of $8 million at September 30, 2018 related to the commodity forward contracts were included in Accumulated OCI, and will be reclassified into earnings in the period when the commodity forward contracts expire. 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 risk for receivables and payables, including intercompany receivables, payables, and loans, not denominated in, or indexed to, their functional currencies. ​ 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. The Company uses derivatives to manage these exposures and designates these derivatives as cash flow hedges of foreign exchange risk. During the second quarter of 2019, the Company terminated a portion of its cross-currency swaps, which resulted in a $15 million cash inflow recognized in the Cash flows from financing activities section of the Condensed Consolidated Cash Flows. An unrecognized loss of $19 million at September 30, 2019, an unrecognized loss of $9 million at December 31, 2018 and an unrecognized loss of $9 million at September 30, 2018, related to these cross-currency swaps, were included in Accumulated OCI, and will be reclassified into earnings within the next twelve months. ​ 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. During the second quarter of 2019, the Company terminated a portion of its interest rate swaps, which resulted in a $13 million cash inflow recognized in the Cash flows from financing activities section of the Condensed Consolidated Cash Flows. Cash Flow Hedges of Interest Rate Risk 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. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments. These interest rate swap agreements were used to hedge the variable cash flows associated with variable-rate debt. An unrecognized loss of $2 million at September 30, 2019, an unrecognized loss of less than $1 million at December 31, 2018 and an unrecognized gain of less than $1 million at September 30, 2018 related to these interest rate swaps, were included in Accumulated OCI, and will be reclassified into earnings within the next twelve months. 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. ​ An unrecognized gain of $12 million at September 30, 2019, an unrecognized gain of $4 million at year ended December 31, 2018 and an unrecognized loss of less than $1 million at September 30, 2018, related to these net investment hedges, were included in Accumulated OCI, and will be reclassified into earnings within the next twelve months. ​ Balance Sheet Classification ​ The following table shows the amount and classification (as noted above) of the Company’s derivatives at September 30, 2019, December 31, 2018 and September 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ Fair Value of ​ ​ ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ September 30, ​ December 31, ​ September 30, ​ ​ ​ 2019 2018 2018 2019 2018 2018 ​ ​ Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ 1 ​ $ 1 ​ $ 8 ​ $ — ​ $ — ​ $ — ​ ​ Interest rate swaps - fair value hedges (b) ​ ​ 17 ​ ​ 6 ​ ​ 4 ​ ​ ​ ​ ​ 1 ​ ​ 11 ​ ​ Cash flow hedges of foreign exchange risk (c) ​ ​ 36 ​ ​ 10 ​ ​ 11 ​ ​ ​ ​ ​ 1 ​ ​ 12 ​ ​ Interest rate swaps - cash flow hedges (d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ Net investment hedges (e) ​ ​ 7 ​ ​ 6 ​ ​ 5 ​ ​ ​ ​ ​ 8 ​ ​ 5 ​ ​ Total derivatives accounted for as hedges ​ $ 61 ​ $ 23 ​ $ 28 ​ $ 1 ​ $ 10 ​ $ 28 ​ ​ Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ 2 ​ ​ 2 ​ ​ 2 ​ ​ 3 ​ ​ 2 ​ ​ 1 ​ ​ Total derivatives ​ $ 63 ​ $ 25 ​ $ 30 ​ $ 4 ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 34 ​ $ 19 ​ $ 18 ​ $ 3 ​ $ 3 ​ $ 1 ​ ​ Noncurrent ​ ​ 29 ​ ​ 6 ​ ​ 12 ​ ​ 1 ​ ​ 9 ​ ​ 28 ​ ​ Total derivatives ​ $ 63 ​ $ 25 ​ $ 30 ​ $ 4 ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) The notional amounts of the commodity forward contracts were $19 million, $21 million and $21 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2020 for all three periods. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2024 for all three periods. (c) The notional amounts of the cash flow hedges of foreign exchange risk were $1.210 billion, $587 million and $590 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2023 for all three periods. (d) The notional amounts of the interest rate swaps designated as cash flow hedges were $180 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. Maximum maturity dates were 2021 at September 30, 2019 and 2020 at September 30, 2018 and December 31, 2018, respectively. (e) The notional amounts of the net investment hedges were €160 million and maximum maturity dates were 2020 at September 30, 2019 and December 31, 2018. (f) The notional amounts of the foreign exchange derivative contracts were $169 million, $470 million and $410 million and maximum maturity dates were 2020, 2019, and 2018 at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ Three months ended September 30, ​ ​ Three months ended September 30, Derivatives designated as hedging instruments: 2019 ​ 2018 ​ ​ 2019 ​ 2018 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ (1) ​ $ 1 ​ ​ $ — ​ $ — Cash flow hedges of foreign exchange risk (b) ​ ​ (52) ​ ​ 7 ​ ​ ​ (54) ​ ​ (9) Cash flow hedges of interest rate risk (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 8 ​ ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ $ (45) ​ $ 8 ​ ​ $ (52) ​ $ (9) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ Nine months ended September 30, ​ ​ Nine months ended September 30, Derivatives designated as hedging instruments: 2019 ​ 2018 ​ ​ 2019 ​ 2018 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ — ​ $ 6 ​ ​ $ (1) ​ $ (1) Cash flow hedges of foreign exchange risk (b) ​ ​ (50) ​ ​ 8 ​ ​ ​ (66) ​ ​ 1 Cash flow hedges of interest rate risk (c) ​ ​ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 13 ​ ​ ​ ​ ​ ​ (2) ​ ​ ​ ​ ​ $ (38) ​ $ 14 ​ ​ $ (69) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Three months ended September 30, ​ ​ Nine months ended September 30, Derivatives not designated as hedges: ​ 2019 ​ 2018 ​ ​ 2019 ​ 2018 Foreign exchange derivative contracts ​ $ 1 $ — ​ $ 8 $ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other expense, net or (c) interest expense, net. ​

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill
Goodwill	​ ​ 5. Goodwill The changes in the carrying amount of goodwill as of September 30, 2018, December 31, 2018, and September 30, 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Europe ​ Americas ​ Other ​ Total Balance as of September 30, 2018 ​ $ 889 ​ $ 1,655 ​ $ 5 ​ $ 2,549 ​ Translation effects ​ (15) ​ ​ (21) ​ ​ ​ ​ (36) ​ Balance as of December 31, 2018 ​ 874 ​ 1,634 ​ ​ 5 ​ ​ 2,513 ​ Translation effects ​ ​ (36) ​ ​ (9) ​ ​ ​ ​ ​ (45) ​ Acquisition related adjustments ​ ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 20 ​ Impairment ​ ​ ​ ​ (595) ​ ​ ​ ​ (595) ​ Balance as of September 30, 2019 ​ $ 838 ​ $ 1,050 ​ $ 5 ​ $ 1,893 ​ ​ As part of its on-going assessment of goodwill, the Company determined that indicators of impairment had occurred during the the third quarter of 2019. The triggering events were management’s update to its long-range plan, which indicated lower projected future cash flows for its North American reporting unit (in the Americas segment) as compared to the projections used in the most recent goodwill impairment test performed as of October 1, 2018, and a significant reduction in the Company’s share price. The Company’s business in North America has experienced declining shipments to its alcoholic beverage customers, primarily in the beer category, and this trend is likely to continue into the foreseeable future. These factors, combined with the narrow difference between the estimated fair value and carrying value of the North American reporting unit as of December 31, 2018, resulted in the Company performing an interim impairment analysis during the third quarter of 2019. As a result, the Company recorded a non-cash impairment charge of $595 million in the third quarter of 2019, which was equal to the excess of the North American reporting unit's carrying value over its fair value. Goodwill related to the Company’s other reporting units was determined to not be impaired as a result of the interim impairment analysis. When performing its test for goodwill impairment, the Company compares 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 is recorded as an impairment loss. The calculations of the BEV are based on significant internal and external inputs, such as projected future cash flows of the reporting units, discount rates, terminal business value, among other assumptions. The valuation approach utilized by management represents a Level 3 fair value measurement measured on a non-recurring basis in the fair value hierarchy due to the Company’s use of unobservable inputs. The Company’s projected future cash flows incorporates management’s best estimates of the expected future results including, but not limited to, price trends, customer demand, material costs, asset replacement costs and any other known factors. The remaining balances of goodwill remain susceptible to future impairment charges. If the Company’s projected future cash flows were substantially lower, or if the assumed weighted average cost of capital were substantially higher, the testing performed during the third quarter of 2019 may have indicated an impairment in one of the Company’s other reporting units or additional impairment of the North American reporting unit’s goodwill. Any impairment charges that the Company may take in the future could be material to its consolidated results of operations and financial condition. The acquisition-related adjustment in 2019 relates to the Nueva Fanal acquisition that the Company completed on June 28, 2019. See Note 19 for additional details. Goodwill for the Asia Pacific segment is $0 and net of accumulated impairment losses of $1,135 million as of September 30, 2018, December 31, 2018, and September 30, 2019.

Restructuring Accruals

Restructuring Accruals	9 Months Ended
	Sep. 30, 2019
Restructuring Accruals
Restructuring Accruals	​ ​ 7. Restructuring Accruals ​ Selected information related to the restructuring accruals for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2019 ​ $ 50 ​ $ ​ ​ $ 20 ​ $ 70 Charges ​ ​ 5 ​ ​ 17 ​ ​ 2 ​ ​ 24 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (17) ​ ​ ​ ​ ​ (17) Net cash paid, principally severance and related benefits ​ (6) ​ ​ ​ ​ ​ (6) ​ (12) Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ (1) ​ (1) Balance at September 30, 2019 ​ $ 49 ​ $ — ​ $ 15 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2018 ​ $ 71 ​ $ ​ ​ $ 16 ​ $ 87 Net cash paid, principally severance and related benefits ​ (8) ​ ​ ​ ​ ​ (1) ​ (9) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ (2) ​ (3) Balance at September 30, 2018 ​ $ 62 ​ $ — ​ $ 13 ​ $ 75 ​ Selected information related to the restructuring accruals for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2019 ​ $ 47 ​ $ ​ ​ $ 22 ​ $ 69 Charges ​ ​ 32 ​ ​ 17 ​ ​ 7 ​ ​ 56 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (17) ​ ​ ​ ​ ​ (17) Net cash paid, principally severance and related benefits ​ (30) ​ ​ ​ ​ ​ (11) ​ (41) Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ (3) ​ (3) Balance at September 30, 2019 ​ $ 49 ​ $ — ​ $ 15 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2018 ​ $ 67 ​ $ ​ ​ $ 18 ​ $ 85 Charges ​ ​ 15 ​ ​ 53 ​ ​ 2 ​ ​ 70 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (53) ​ ​ ​ ​ ​ (53) Net cash paid, principally severance and related benefits ​ (18) ​ ​ ​ ​ ​ (3) ​ ​ (21) Other, including foreign exchange translation ​ (2) ​ ​ ​ ​ ​ (4) ​ ​ (6) Balance at September 30, 2018 ​ $ 62 ​ $ — ​ $ 13 ​ $ 75 ​ When a decision is made to take restructuring actions, the Company manages and accounts for them programmatically apart from the on-going operations of the business. Information related to major programs is presented separately while minor initiatives are presented on a combined basis. As of September 30, 2019 and 2018, no major restructuring programs were in effect. ​ In the three and nine months ended September 30, 2019, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $24 million and $56 million, respectively. These charges consisted of employee costs such as severance and benefit-related costs, write-down of assets and other exit costs primarily related to a severance program for certain salaried employees at the Company’s corporate and America’s headquarters and a furnace closure 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. For the three months ended September 30, 2019, these charges were recorded to Other expense, net on the Condensed Consolidated Results of Operations. For the nine months ended September 30, 2019, these charges were recorded to Selling and administrative expense ( In the nine months ended September 30, 2018, the Company implemented several discrete restructuring initiatives and recorded restructuring, asset impairment and other charges of $70 million. These charges consisted of employee costs, write-down of assets and other exit costs primarily related to a plant closure in the Americas region. 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 restructuring actions primarily relate to capacity curtailments and the Company plans to reallocate the products produced to other facilities. These charges were recorded to Cost of goods sold ( million) on the Condensed Consolidated Results of Operations. The Company expects that the majority of the remaining cash expenditures related to the above charges will be paid out by the end of 2019. ​ The Company’s decisions to curtail selected production capacity have resulted in write downs of certain long-lived assets to the extent their carrying value exceeded fair value or fair value less cost to sell. The Company classified the 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 September 30, 2019 and 2018, the remaining carrying value of the impaired assets was approximately

Pension Benefit Plans

Pension Benefit Plans	9 Months Ended
	Sep. 30, 2019
Pension Benefit Plans
Pension Benefit Plans	8. Pension Benefit Plans ​ The components of the net periodic pension cost for the three months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2019 2018 2019 2018 Service cost ​ $ 3 ​ $ 4 ​ $ 3 ​ $ 4 ​ Interest cost ​ 15 ​ 15 ​ 7 ​ 7 ​ Expected asset return ​ ​ (22) ​ ​ (25) ​ ​ (11) ​ ​ (13) ​ Amortization of actuarial loss ​ ​ 10 ​ ​ 13 ​ ​ 3 ​ ​ 3 ​ Net periodic pension cost ​ $ 6 ​ $ 7 ​ $ 2 ​ $ 1 ​ ​ ​ The components of the net periodic pension cost for the nine months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2019 2018 2019 2018 Service cost ​ $ 9 ​ $ 11 ​ $ 9 ​ $ 11 ​ Interest cost ​ ​ 45 ​ 45 ​ 22 ​ 23 ​ Expected asset return ​ ​ (65) ​ ​ (74) ​ ​ (33) ​ ​ (40) ​ Amortization of actuarial loss ​ ​ 30 ​ ​ 39 ​ ​ 7 ​ ​ 10 ​ Net periodic pension cost ​ $ 19 ​ $ 21 ​ $ 5 ​ $ 4 ​ ​ In addition to the above, the Company recorded pension settlement charges in the United States of $11 million and $13 million for the three and nine months ended September 30, 2019, respectively. These charges were a result of restructuring actions taken for a severance program for salaried employees at the Company’s corporate and Americas headquarters. ​ ​ ​ ​

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases
Leases	9. Leases ​ In the first quarter of 2019, the Company adopted ASC 842, Leases, and selected the modified retrospective transition as of the effective date of January 1, 2019 (the effective date method). Under the effective date method, financial results reported in periods prior to 2019 are unchanged. ​ 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 the 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 three and nine months ended September 30, 2019, 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 and equipment under both operating and finance lease arrangements. Information related to leases is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ 2019 2019 Lease cost ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense) ​ $ 2 ​ $ 5 Interest on lease liabilities (included in Interest expense, net) ​ ​ ​ ​ ​ 1 Operating lease cost (included in Cost of goods sold and Selling and administrative expense) ​ ​ 21 ​ ​ 63 Total lease cost ​ $ 23 ​ $ 69 ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ September 30, ​ ​ 2019 Other information ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows from operating leases ​ $ 63 Operating cash flows from finance leases ​ ​ 1 Financing cash flows from finance leases ​ ​ 5 Right-of-use assets obtained in exchange for new operating lease liabilities ​ ​ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Supplemental balance sheet information ​ ​ ​ Operating leases: ​ ​ ​ ​ Operating lease right-of-use assets (included in Other assets) ​ $ 186 ​ ​ ​ ​ ​ ​ Current operating lease liabilities (included in Other current liabilities) ​ ​ 63 ​ Noncurrent operating lease liabilities (included in Other long-term liabilities) ​ ​ 123 ​ Total operating lease liabilities ​ $ 186 ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ Property, plant and equipment ​ $ 77 ​ Accumulated amortization ​ ​ (31) ​ Property, plant and equipment, net ​ ​ 46 ​ ​ ​ ​ ​ ​ Current finance lease liabilities (included in Long-term debt due within one year) ​ ​ 6 ​ Noncurrent finance lease liabilities (included in Long-term debt) ​ ​ 37 ​ Total finance lease liabilities ​ $ 43 ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term (in years): ​ ​ ​ ​ Operating leases ​ ​ 4.8 ​ Finance leases ​ ​ 6.0 ​ Weighted-average discount rate: ​ ​ ​ ​ Operating leases ​ ​ 3.8 % Finance leases ​ ​ 4.6 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity of lease liabilities ​ ​ Operating leases ​ ​ Finance leases ​ 2019 ​ $ 19 ​ $ 2 ​ 2020 ​ ​ 64 ​ ​ 9 ​ 2021 ​ ​ 40 ​ ​ 8 ​ 2022 ​ ​ 30 ​ ​ 8 ​ 2023 ​ ​ 19 ​ ​ 7 ​ 2024 and thereafter ​ ​ 32 ​ ​ 19 ​ Total lease payments ​ ​ 204 ​ ​ 53 ​ Less: imputed interest ​ ​ (18) ​ ​ (10) ​ Total lease obligations ​ $ 186 ​ $ 43 ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum payments related to leases not yet commenced as of September 30, 2019 ​ $ - ​ $ 130 ​ ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Taxes
Income Taxes	10. Income Taxes ​ The Company calculates its interim tax provision using the estimated annual effective tax rate (“EAETR”) methodology in accordance with ASC 740-270. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effect of discrete items is then included to arrive at the total reported interim tax provision. The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income or loss in each tax jurisdiction in which the Company operates. The tax effects of discrete items are recognized in the tax provision in the quarter they occur in accordance with GAAP. Depending on various factors such as the item’s significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. The Company’s annual effective tax rate may be affected by the mix of earnings in the U.S. and foreign jurisdictions and such factors as changes in tax laws, tax rates or regulations, changes in business, changing interpretation of existing tax laws or regulations, the finalization of tax audits and reviews, as well as other factors. As such, there can be significant volatility in interim tax provisions. The annual effective tax rate differs from the statutory U.S. Federal tax rate of 21% primarily because of varying non-U.S. tax rates. ​ The effective tax rates for the three and nine months ended September 30, 2019, were lower than the same periods in 2018 primarily due to a goodwill impairment charge recorded in 2019, which was not deductible for income tax purposes, as well as due to the geographic mix of earnings. ​ The Company is currently under examination in various tax jurisdictions in which it operates, including Bolivia, Brazil, Canada, China, Colombia, France, Germany, Indonesia, Italy and Peru. The years under examination range from 2004 through 2017. 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 on the Company’s results of operations, financial position or cash flows. ​

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt
Debt	11. Debt ​ The following table summarizes the long-term debt of the Company: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ 2019 2018 2018 Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ 265 ​ $ — ​ $ — Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,496 ​ ​ ​ ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ 335 Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ 897 ​ ​ 908 Other secured debt ​ ​ 454 ​ ​ 404 ​ ​ 329 Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ 6.75%, due 2020 (€250 million at September 30, 2019 and €500 million at December 31, 2018 and September 30, 2018) ​ 273 ​ 570 ​ ​ 580 4.875%, due 2021 (€330 million) ​ ​ 360 ​ ​ 376 ​ ​ 382 5.00%, due 2022 ​ ​ 498 ​ ​ 497 ​ ​ 497 4.00%, due 2023 ​ 307 ​ 306 ​ ​ 306 5.875%, due 2023 ​ ​ 690 ​ ​ 688 ​ ​ 687 3.125%, due 2024 (€725 million) ​ 818 ​ ​ 825 ​ ​ 828 6.375%, due 2025 ​ ​ 296 ​ ​ 295 ​ ​ 295 5.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ ​ 297 Finance leases ​ ​ 43 ​ ​ 45 ​ ​ 48 Other ​ 16 ​ 14 ​ ​ 16 Total long-term debt ​ 5,814 ​ 5,214 ​ ​ 5,508 Less amounts due within one year ​ 302 ​ 33 ​ ​ 21 Long-term debt ​ $ 5,512 ​ $ 5,181 ​ $ 5,487 ​ The Company presents debt issuance costs in the balance sheet as a deduction of the carrying amount of the related debt liability. On June 25, 2019, certain of the Company’s subsidiaries entered into a new Senior Secured Credit Facility (the “Agreement”), which amended and restated the previous credit agreement (the “Previous Agreement”). The proceeds from the Agreement were used to repay all outstanding amounts under the Previous Agreement. The Company recorded The Agreement provides for up to $3.0 billion of borrowings pursuant to term loans and revolving credit facilities. The term loans mature, and the revolving credit facilities terminate, in June 2024. At September 30, 2019, the Agreement includes a million net of debt issuance costs). At September 30, 2019, the Company had unused credit of The 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 Agreement also contains one financial maintenance covenant, a Total Leverage Ratio (the “Leverage Ratio”), that requires the Company not to exceed a ratio of 5.0x calculated by dividing consolidated total debt, less cash and cash equivalents, by Consolidated EBITDA, with such Leverage Ratio decreasing to 4.50 x for the quarter ending December 31, 2020 and thereafter, as defined and described in the Agreement. The maximum Leverage Ratio is subject to an increase of Failure to comply with these covenants and other customary restrictions could result in an event of default under the Agreement. In such an event, the Company could not request borrowings under the revolving facilities, and all amounts outstanding under the 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 per annum will apply to all overdue obligations under the Agreement. If an event of default occurs under the Agreement and the lenders cause all of the outstanding debt obligations under the Agreement to become due and payable, this would result in a default under a number of other outstanding debt securities and could lead to an acceleration of obligations related to these debt securities. As of September 30, 2019, the Company was in compliance with all covenants and restrictions in the Agreement. In addition, the Company believes that it will remain in compliance and that its ability to borrow funds under the Agreement will not be adversely affected by the covenants and restrictions. The Leverage Ratio also determines pricing under the Agreement. The interest rate on borrowings under the Agreement is, at the Company’s option, the Base Rate or the Eurocurrency Rate, as defined in the Agreement, plus an applicable margin. The applicable margin is linked to the Leverage Ratio. The margins range from for Base Rate Loans. In addition, a commitment fee is payable on the unused revolving credit facility commitments ranging from Obligations under the 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 Agreement are guaranteed by certain domestic subsidiaries of the Company, and certain foreign obligations under the Agreement are guaranteed by certain foreign subsidiaries of the Company. In July 2019, the Company’s wholly owned subsidiary, OI European Group B.V., redeemed €250 million aggregate principal amount of its outstanding 6.75% senior notes due 2020 (the “Notes”). Following the redemption, €250 million aggregate principal amount of the Notes remain outstanding at September 30, 2019. The Company recorded $24 million of additional interest charges for note repurchase premiums and the write-off of unamortized finance fees related to this redemption. 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 either fair value hedges or cash flow hedges (see Note 6). 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. 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 September 30, 2019 of the Company’s significant fixed rate debt obligations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Indicated ​ ​ ​ Amount Market Price Fair Value Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6.75%, due 2020 (€250 million) ​ $ 273 $ 106.20 ​ $ 290 ​ 4.875%, due 2021 (€330 million) ​ ​ 361 ​ 106.99 ​ 386 ​ 5.00%, due 2022 ​ 500 ​ 103.38 ​ 517 ​ 5.875%, due 2023 ​ 700 ​ ​ 106.66 ​ ​ 747 ​ 4.00%, due 2023 ​ ​ 310 ​ ​ 100.79 ​ ​ 312 ​ 3.125%, due 2024 (€725 million) ​ ​ 793 ​ ​ 105.41 ​ ​ 836 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 106.93 ​ ​ 321 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 103.84 ​ ​ 312 ​ ​

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2019
Contingencies
Contingencies	12. Contingencies ​ Asbestos ​ From 1948 to 1958, one of OI Inc.'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. OI Inc. sold its insulation business unit in April 1958. OI Inc. receives claims from individuals alleging bodily injury and death as a result of exposure to asbestos from this product (“Asbestos Claims”). Some Asbestos Claims are brought as personal injury lawsuits that typically allege various theories of liability, including negligence, gross negligence and strict liability and seek compensatory and, in some cases, punitive damages. ​ Predominantly, however, Asbestos Claims are presented to OI Inc. under administrative claims-handling agreements, which OI Inc. has in place with many plaintiffs’ counsel throughout the country (“Administrative Claims”). Administrative Claims require evaluation and negotiation regarding whether particular claimants qualify under the criteria established by the related claims-handling agreements. The criteria for Administrative Claims include verification of a compensable illness and a reasonable probability of exposure to a product manufactured by OI Inc.’s former business unit during its manufacturing period ending in 1958. Plaintiffs’ counsel present, and OI Inc. negotiates, Administrative Claims under these various agreements in differing quantities, at different times, and under a variety of conditions. ​ As of September 30, 2019, OI Inc. had approximately 890 asbestos lawsuits pending. These pending lawsuits do not include an estimate of potential Administrative Claims that may be presented under a claims-handling agreement due to the uncertainties around presentation timing, quantities, or qualification rates. OI Inc. considers Administrative Claims to be filed and disposed when they are accepted for payment. ​ The lack of uniform rules in lawsuit pleading practice, technical pleading requirements in some jurisdictions, local rules, and other factors cause considerable variation in the specific amounts of monetary damages asserted. In OI Inc.’s experience, the monetary relief alleged in a lawsuit bears little relationship to an Asbestos Claim’s merits or its disposition value. Rather, several variables, including but not limited to, the type and severity of the asbestos disease, medical history, and exposure to other disease-causing agents; the product identification evidence against OI Inc. and other co-defendants; the defenses available to OI Inc. and other co-defendants; the specific jurisdiction in which the claim is made; the applicable law; and the law firm representing the claimant, affect the value. ​ OI Inc. has also been a defendant in other Asbestos Claims involving maritime workers, medical monitoring, co-defendants’ third-party actions, and property damage allegations. Based upon its experience, OI Inc. believes that these categories of Asbestos Claims will not involve any material liability. Therefore, they are not included in the description of pending or disposed matters. ​ Since receiving its first Asbestos Claim, as of September 30, 2019, OI Inc. in the aggregate has disposed of approximately 401,100 Asbestos Claims at an average indemnity payment of approximately $10,000 per claim. During the three months ended September 30, 2019, OI Inc. disposed of approximately Asbestos Claims. OI Inc.’s asbestos indemnity payments have varied on a per-claim basis and are expected to continue to vary considerably over time. Asbestos-related cash payments for 2018, 2017, and 2016 were respectively. OI Inc.’s cash payments per claim disposed (inclusive of legal costs) were approximately ​ OI Inc.’s objective is to achieve, where possible, resolution of Asbestos Claims pursuant to claims-handling agreements. Failure of claimants to meet certain medical and product exposure criteria in claims-handling agreements generally has reduced the number of claims that would otherwise have been received by OI Inc. in the tort system. In addition, changes in jurisdictional dynamics, legislative acts, asbestos docket management and procedures, the substantive law, the co-defendant pool, and other external factors have affected lawsuit volume, claim volume, qualification rates, claim values, and related matters. Collectively, these variables generally have had the effect of increasing OI Inc.’s per-claim average indemnity payment over time. ​ Beginning with the initial liability of $975 million established in 1993, OI Inc. has accrued a total of approximately $5.0 billion through September 30, 2019, before insurance recoveries, for its asbestos-related liability. OI Inc.’s estimates of its liability have been significantly affected by, among other factors, the volatility of asbestos-related litigation in the United States, the significant number of co-defendants that have filed for bankruptcy, changes in mortality rates, the inherent uncertainty of future disease incidence and claiming patterns against OI Inc., the significant expansion of the types of defendants that are now sued in this litigation, and the continuing changes in the extent to which these defendants participate in the resolution of cases in which OI Inc. is also a defendant. ​ OI Inc. continues to monitor trends that may affect its ultimate liability and analyze the developments and variables likely to affect the resolution of Asbestos Claims against OI Inc. The material components of OI Inc.’s total accrued liability are determined by OI Inc. in connection with its annual comprehensive legal review and consist of the following estimates, to the extent it is probable that such liabilities have been incurred and can be reasonably estimated: (i) the liability for Asbestos Claims already asserted against OI Inc.; (ii) the liability for Asbestos Claims not yet asserted against OI Inc.; and (iii) the legal defense costs estimated to be incurred in connection with the Asbestos Claims already asserted and those Asbestos Claims OI Inc. believes will be asserted. ​ OI Inc. conducts an annual comprehensive legal review of its asbestos-related liabilities and costs in connection with finalizing and reporting its annual results of operations, unless significant changes in trends or new developments warrant an earlier review. As part of its annual comprehensive legal review, OI Inc. provides historical Asbestos Claims’ data to a third party with expertise in determining the impact of disease incidence and mortality on future filing trends to develop information to assist OI Inc. in estimating the total number of future Asbestos Claims likely to be asserted against OI Inc. OI Inc. uses this estimate, along with an estimation of disposition costs and related legal costs, as inputs to develop its best estimate of its total probable liability. If the results of the annual comprehensive legal review indicate that the existing amount of the accrued liability is lower (higher) than its reasonably estimable asbestos-related costs, then OI Inc. will record an appropriate charge (credit) to OI Inc.’s results of operations to increase (decrease) the accrued liability. ​ The significant assumptions underlying the material components of OI Inc.’s accrual are: a) settlements will continue to be limited almost exclusively to claimants who were exposed to OI Inc.’s asbestos containing insulation prior to its exit from that business in 1958; b) Asbestos Claims will continue to be resolved primarily under OI Inc.’s administrative claims-handling agreements or on terms comparable to those set forth in those agreements; c) the incidence of serious asbestos-related disease cases and claiming patterns against OI Inc. for such cases do not change materially; d) OI Inc. is substantially able to defend itself successfully at trial and on appeal; e) the number and timing of additional co-defendant bankruptcies do not change significantly the assets available to participate in the resolution of cases in which OI Inc. is a defendant; and f) co-defendants with substantial resources and assets continue to participate significantly in the resolution of future Asbestos Claims. ​ For the years ended December 31, 2018 and 2017, OI Inc. concluded that accruals in the amounts of $602 million and $582 million, respectively, were required. These amounts have not been discounted for the time value of money. OI Inc.’s comprehensive legal reviews resulted in charges of December 31, 2018, 2017 and 2016, respectively. As previously disclosed, OI Inc. anticipated that adjustments to its asbestos-related accruals were possible given the inherent uncertainties involved in asbestos litigation. In the fourth quarter of 2018, OI Inc. determined that it was advantageous to accelerate the disposition of certain claims in light of additional information OI Inc. obtained about higher estimated future claim volumes and values in certain of the affected discrete streams of potential liability. Factors impacting the increased likelihood of these additional losses included changes in the law, procedure, the expansion of judicial resources in certain jurisdictions, and renewed attention to dockets of non-mesothelioma cases. OI Inc. also obtained new information about other Asbestos Claims, which had the effect of reducing its asbestos-related liability. The combined effect of these items resulted in a change in estimate of OI Inc.’s asbestos-related liability. ​ OI Inc. believes that it is reasonably possible that it will incur a loss for its asbestos-related liabilities in excess of the amount currently recognized, which was $602 million as of December 31, 2018. OI Inc. estimated that reasonably possible losses could result in asbestos-related liabilities of approximately million. This estimate of additional reasonably possible loss reflects a qualitative judgment regarding the nature of contingencies that could impact future Asbestos Claims and legal costs, which include, but are not limited to, successful attempts by plaintiffs to challenge existing legal barriers to entry, enact plaintiff-oriented procedural rules or liability or damage-related legislation, establish new theories of liability, revive long-dormant inventories of non-mesothelioma cases, or leverage changing jurisdictional dynamics and a changing litigation environment to increase the volume of Asbestos Claims presented or per-claim indemnity values. However, it is also possible that the ultimate amount of asbestos-related liabilities could be above this estimate. ​ OI Inc. expects a significant majority of the total number of Asbestos Claims to be received in the next five to seven years . This timeframe appropriately reflects the mortality of current and expected claimants in light of OI Inc.’s sale of its insulation business unit in 1958. OI Inc. may continue to experience increased year-over-year variability with regard to the annual quantity of Asbestos Claims presented to and disposed by OI Inc. This increased variability, jurisdictional dynamics, a changing litigation environment, the size of the remaining pool of claimants, and the expected increase in mortality over the next may present OI Inc. with further opportunities to accelerate disposition of discrete parts of its claimant pool. These influences may create increased variability in the annual cash payments year-over-year. ​ OI Inc.’s asbestos-related liability is based on a projection of new Asbestos Claims that will eventually be filed against OI Inc. and the estimated average disposition cost of these claims and related legal costs. Changes in these projections, and estimates, as well as changes in the significant assumptions noted above, have the potential to significantly impact the estimation of OI Inc.’s asbestos-related liability. ​ Other Matters ​ Other litigation is pending against the Company, in many 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 probable that both 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. ​

Share Owners' Equity

Share Owners' Equity	9 Months Ended
	Sep. 30, 2019
Share Owners' Equity
Share Owners' Equity	​ ​ 13. Share Owners’ Equity ​ The activity in share owners’ equity for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2019 ​ $ 176 ​ $ 3,149 ​ $ (1,850) ​ $ 115 ​ $ 1,590 ​ Net distribution to parent ​ ​ (34) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (34) ​ Net earnings (loss) ​ ​ ​ ​ ​ (575) ​ ​ ​ ​ ​ 8 ​ ​ (567) ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ (64) ​ ​ (22) ​ ​ (86) ​ Balance on September 30, 2019 ​ $ 142 ​ $ 2,574 ​ $ (1,914) ​ $ 101 ​ $ 903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2018 ​ $ 452 ​ $ 2,770 ​ $ (1,888) ​ $ 121 ​ $ 1,455 ​ Net distribution to parent ​ ​ (18) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ Net earnings ​ ​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 7 ​ ​ 127 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ 54 ​ ​ (9) ​ ​ 45 ​ Balance on September 30, 2018 ​ $ 434 ​ $ 2,890 ​ $ (1,834) ​ $ 119 ​ $ 1,609 ​ L ​ ​ ​ The activity in share owners’ equity for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2019 ​ $ 311 ​ $ 3,004 ​ $ (1,927) ​ $ 114 ​ $ 1,502 ​ Net distribution to parent ​ ​ (169) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (169) ​ Net earnings (loss) ​ ​ ​ ​ ​ (430) ​ ​ ​ ​ ​ 17 ​ ​ (413) ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ 13 ​ ​ (30) ​ ​ (17) ​ Balance on September 30, 2019 ​ $ 142 ​ $ 2,574 ​ $ (1,914) ​ $ 101 ​ $ 903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2018 ​ $ 553 ​ $ 2,623 ​ $ (1,786) ​ $ 119 ​ $ 1,509 ​ Net distribution to parent ​ ​ (119) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (119) ​ Net earnings ​ ​ ​ ​ ​ 267 ​ ​ ​ ​ ​ 18 ​ ​ 285 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ (48) ​ ​ (18) ​ ​ (66) ​ Balance on September 30, 2018 ​ $ 434 ​ $ 2,890 ​ $ (1,834) ​ $ 119 ​ $ 1,609 ​ ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	14. Accumulated Other Comprehensive Loss ​ The activity in accumulated other comprehensive loss for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2019 ​ $ (830) ​ $ (15) ​ $ (1,005) ​ $ (1,850) ​ Change before reclassifications ​ (96) ​ ​ 54 ​ ​ 8 ​ (34) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (52) (a) 12 (b) (40) ​ Translation effect ​ ​ ​ ​ ​ 2 ​ ​ 7 ​ ​ 9 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (96) ​ 5 ​ 27 ​ (64) ​ Balance on September 30, 2019 ​ $ (926) ​ $ (10) ​ $ (978) ​ $ (1,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2018 ​ $ (856) ​ $ (11) ​ $ (1,021) ​ $ (1,888) ​ Change before reclassifications ​ 40 ​ (11) ​ (1) ​ 28 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ 9 (a) 16 (b) 25 ​ Translation effect ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ 40 ​ (1) ​ 15 ​ 54 ​ Balance on September 30, 2018 ​ $ (816) ​ $ (12) ​ $ (1,006) ​ $ (1,834) ​ ​ (a) Amount is included in Cost of goods sold and Other expense, net on the Condensed Consolidated Results of Operations (see Note 6 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 8 for additional information) and net postretirement benefit cost. ​ The activity in accumulated other comprehensive loss for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2019 ​ $ (889) ​ $ (11) ​ $ (1,027) ​ $ (1,927) ​ Change before reclassifications ​ (37) ​ ​ 61 ​ 6 ​ 30 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (69) (a) 37 (b) (32) ​ Translation effect ​ ​ ​ ​ ​ 5 ​ ​ 6 ​ ​ 11 ​ Tax effect ​ ​ ​ ​ ​ 4 ​ ​ ​ 4 ​ Other comprehensive income (loss) attributable to the Company ​ (37) ​ 1 ​ 49 ​ 13 ​ Balance on September 30, 2019 ​ $ (926) ​ $ (10) ​ $ (978) ​ $ (1,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2018 ​ $ (724) ​ $ (5) ​ $ (1,057) ​ $ (1,786) ​ Change before reclassifications ​ (92) ​ (7) ​ (8) ​ (107) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (a) 49 (b) 49 ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 10 ​ ​ 10 ​ Other comprehensive income (loss) attributable to the Company ​ (92) ​ (7) ​ 51 ​ (48) ​ Balance on September 30, 2018 ​ $ (816) ​ $ (12) ​ $ (1,006) ​ $ (1,834) ​ ​ ​ (a) Amount is included in Cost of goods sold and Other expense, net on the Condensed Consolidated Results of Operations (see Note 6 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 8 for additional information) and net postretirement benefit cost.

Other Expense (Income), net

Other Expense (Income), net	9 Months Ended
	Sep. 30, 2019
Other Expense (Income), net
Other Expense (Income), net	15. Other Expense (Income), Net ​ Other expense (income), net for the three and nine months ended September 30, 2019 and 2018 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2019 2018 2019 2018 Impairment of goodwill (see Note 5) ​ $ 595 ​ $ — ​ $ 595 ​ $ — ​ Restructuring, asset impairment and other charges ​ ​ 31 ​ ​ ​ ​ ​ 69 ​ ​ 68 ​ Pension settlement charges ​ ​ 11 ​ ​ ​ ​ ​ 13 ​ ​ ​ ​ Foreign currency exchange loss ​ ​ 3 ​ ​ 4 ​ ​ 6 ​ ​ 6 ​ Intangible amortization expense ​ ​ 11 ​ ​ 10 ​ ​ 31 ​ ​ 30 ​ Royalty income ​ ​ (3) ​ ​ (3) ​ ​ (10) ​ ​ (9) ​ Non-income tax gain ​ ​ ​ ​ ​ (13) ​ ​ ​ ​ ​ (13) ​ Other expense (income), net ​ ​ (3) ​ ​ (18) ​ ​ 5 ​ ​ (33) ​ ​ ​ $ 645 ​ $ (20) ​ $ 709 ​ $ 49 ​ ​

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information
Supplemental Cash Flow Information	16. Supplemental Cash Flow Information ​ Income taxes paid (received) in cash were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ 2019 2018 U.S. ​ $ — ​ $ 9 ​ Non-U.S. ​ 81 ​ 87 ​ Total income taxes paid in cash ​ $ 81 ​ $ 96 ​ ​ Interest paid in cash, including note repurchase premiums, for the nine months ended September 30, 2019 and 2018 was $224 million and $188 million, respectively. Cash interest for the nine months ended September 30, 2019 included $23 million of note repurchase premiums. ​ The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows. At September 30, 2019, December 31, 2018 and September 30, 2018, the amount of receivables sold by the Company was $369 million, $600 million and $289 million, respectively. For the nine months ended September 30, 2019 and 2018, the Company reduced the use of its factoring programs compared to the most recent respective year end periods and this resulted in a higher use of working capital, and corresponding decrease to cash from operating activities, of approximately $231 million and $165 million, respectively.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2019
Discontinued Operations
Discontinued Operations	17. Discontinued Operations On December 6, 2018, an ad hoc committee for the World Bank’s International Centre for Settlement of Investment Disputes (“ICSID”) rejected the request by the Bolivarian Republic of Venezuela (“Venezuela”) to annul the award issued by an ICSID tribunal in favor of OI European Group B.V. (“OIEG”) related to the 2010 expropriation of OIEG’s majority interest in two plants in Venezuela (the “Award”). The annulment proceeding with respect to the Award is now concluded. On July 31, 2017, OIEG sold its right, title and interest in amounts due under the Award to an Ireland-domiciled investment fund. Under the terms of the sale, OIEG received a payment, in cash, at closing equal to million (the “Cash Payment”). OIEG may also receive additional payments in the future (“Deferred Amounts”) calculated based on the total compensation that is received from Venezuela as a result of collection efforts or as settlement of the Award with Venezuela. OIEG’s right to receive any Deferred Amounts is subject to the limitations described below. ​ OIEG’s interest in any amounts received in the future from Venezuela in respect of the Award is limited to a percentage of such recovery after taking into account reimbursement of the Cash Payment to the purchaser and reimbursement of legal fees and expenses incurred by the Company and the purchaser. OIEG’s percentage of such recovery will also be reduced over time. Because the Award has yet to be satisfied and the ability to successfully enforce the Award in countries that are party to the ICSID Convention is subject to significant challenges, the Company is unable to reasonably predict the amount of recoveries from the Award, if any, to which the Company may be entitled in the future. Any future amounts that the Company may receive from the Award are highly speculative and the timing of any such future payments, if any, is highly uncertain. As such, there can be no assurance that the Company will receive any future payments under the Award beyond the Cash Payment. ​ As a result of the favorable ruling by an ICSID ad hoc committee rejecting Venezuela’s request to annul the OIEG Award, and thereby concluding those annulment proceedings, the Company recognized a $115 million gain from discontinued operations in the fourth quarter of 2018. ​ A separate arbitration involving other subsidiaries of the Company was initiated in 2012 to obtain compensation primarily for third-party minority shareholders’ lost interests in the two expropriated plants. However, on November 13, 2017, ICSID issued an award that dismissed this arbitration on jurisdiction grounds. In March 2018, the ​ The loss from discontinued operations, which primarily reflects the ongoing costs for the Venezuelan expropriation, was approximately $1 million for each of the nine month periods ended September 30, 2019 and 2018.

New Accounting Pronouncement

New Accounting Pronouncement	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncement
New Accounting Pronouncement	18. New Accounting Pronouncement ​ Leases - On January 1, 2019, the Company adopted ASU No. 2016-02, “Leases”. Under this guidance, lessees are required to recognize on the balance sheet a lease liability and a right-of-use asset for all leases, with the exception of short-term leases. The adoption of ASU No. 2016-02 had a significant impact on the Company’s consolidated balance sheet due to the recognition of approximately t-of-use assets for operating leases as of January 1, 2019. The adoption of ASU No. 2016-02 had no material impact on the Company’s retained earnings, consolidated results of operations or consolidated cash flows. ​ The Company elected the package of practical expedients relating to the identification, classification and initial direct costs of leases commencing before the effective date, and the transitional practical expedient for the treatment of existing land easements; however, the Company did not elect the hindsight transitional practical expedient. The Company has also elected the practical expedient to not account for lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) separately from the nonlease components (e.g., common-area maintenance costs). See Note 9, Leases, for additional information. ​ Credit Losses - permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The adoption of ASU No. 2016-13 is not expected to have a material effect on the Company’s consolidated financial statements. ​ Income Taxes ​ Disclosure Requirements for Fair Value Measurement - ​ Disclosure Requirements for Defined Benefit Plans -

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2019
Business Combinations
Business Combinations	19. Business Combinations ​ On June 28, 2019, the Company completed the acquisition of Nueva Fábrica Nacional de Vidrio, S. de R.L. de C.V. (“Nueva Fanal”) from Grupo Modelo, an affiliate of Anheuser-Busch InBev SA/NV for a total purchase price of approximately $195 million. In the second quarter of 2019, the Company paid approximately $157 million in cash toward this acquisition and the remaining approximately $42 million is expected to be paid by the end of 2019, subject to a working capital adjustment. The Company financed this acquisition with debt. The Nueva Fanal facility is located near Mexico City, Mexico. Currently, this plant has four furnaces to produce and supply approximately 300,000 tons of glass containers annually for Grupo Modelo brands, such as Corona, for local and global export markets. Further, the Company has entered into a long-term agreement to continue to supply glass to Grupo Modelo. This acquisition increases the Company’s presence in the Mexican glass packaging market. Nueva Fanal’s operating results are included in the Company’s unaudited condensed consolidated financial statements from the acquisition date as part of the Americas segment. The acquisition qualifies as a business combination and will be accounted for using the acquisition method of accounting. The total purchase price will be allocated to the tangible and identifiable intangible assets and liabilities based upon their respective fair values. The purchase agreement contains customary provisions for working capital adjustments, which the Company expects to resolve with the seller by the end of 2019. The aggregate purchase price was preliminarily allocated to the Company’s balance sheet as of September 30, 2019 and has not yet been finalized because the Company has not yet completed its review of the asset and liability values and related amortization and depreciation periods. The Company expects that the purchase price allocation process will be completed no later than the first quarter of 2020. The following table summarizes the preliminary estimates of fair value of the assets and liabilities assumed on June 28, 2019 and subsequent adjustments identified through the ongoing purchase price allocation process and recorded through the measurement period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 28, ​ ​ Measurement Period Adjustments ​ ​ September 30, 2019 Accounts receivable ​ $ 42 ​ ​ ​ ​ ​ 42 Inventory ​ ​ 17 ​ ​ ​ ​ ​ 17 Long lived assets (includes PP&E and intangibles) ​ ​ 164 ​ ​ 19 ​ ​ 183 Total assets ​ ​ 223 ​ ​ 19 ​ ​ 242 Accounts payable ​ ​ 25 ​ ​ ​ ​ ​ 25 Accrued liabilities ​ 3 ​ ​ ​ ​ ​ 3 Deferred tax liabilities ​ ​ ​ ​ ​ 19 ​ ​ 19 Net assets acquired ​ $ 195 ​ ​ — ​ ​ 195 ​ This acquisition did not meet the thresholds for a significant acquisition and therefore no pro forma financial information is presented.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Information
Net sales for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, Nine months ended September 30, ​ ​ ​ 2019 2018 2019 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 918 ​ $ 939 ​ $ 2,733 ​ $ 2,777 ​ Europe ​ 588 ​ 613 ​ 1,834 ​ ​ 1,930 ​ Asia Pacific ​ 152 ​ 165 ​ 455 ​ ​ 491 ​ Reportable segment totals ​ 1,658 ​ 1,717 ​ 5,022 ​ 5,198 ​ Other ​ 12 ​ ​ 17 ​ 41 ​ 44 ​ Net sales ​ $ 1,670 ​ $ 1,734 ​ $ 5,063 ​ $ 5,242 ​
Segment operating profit (loss) for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ ​ 2019 2018 2019 2018 Segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 123 ​ $ 158 ​ $ 380 ​ $ 458 ​ Europe ​ 79 ​ ​ 87 ​ ​ 248 ​ ​ 260 ​ Asia Pacific ​ 3 ​ ​ 10 ​ ​ 13 ​ ​ 16 ​ Reportable segment totals ​ 205 ​ 255 ​ 641 ​ 734 ​ Items excluded from segment operating profit: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained corporate costs and other ​ ​ (20) ​ ​ (24) ​ ​ (71) ​ ​ (81) ​ Charge for goodwill impairment ​ (595) ​ ​ ​ ​ ​ (595) ​ ​ ​ ​ Restructuring, asset impairment, pension settlement and other charges ​ (43) ​ ​ ​ ​ ​ (86) ​ ​ (73) ​ Interest expense, net ​ (83) ​ ​ (63) ​ ​ (215) ​ ​ (199) ​ Earnings (loss) from continuing operations before income taxes ​ $ (536) ​ $ 168 ​ $ (326) ​ $ 381 ​
Total assets for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ 2019 2018 2018 Total assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas $ 5,241 $ 5,497 $ 5,455 ​ Europe ​ 3,053 ​ 3,036 ​ 3,220 ​ Asia Pacific ​ 1,021 ​ 918 ​ 999 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable segment totals ​ 9,315 ​ 9,451 ​ 9,674 ​ Other ​ 233 ​ 248 ​ ​ 266 ​ Consolidated totals $ 9,548 $ 9,699 $ 9,940 ​

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue
Schedule of disaggregation of revenue by customer end use	The following tables for the three months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2019 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 591 $ 409 $ 106 ​ $ 1,106 Food and other ​ 192 ​ 119 ​ 26 ​ 337 Non-alcoholic beverages ​ 135 ​ 60 ​ 20 ​ 215 Reportable segment totals ​ $ 918 ​ $ 588 ​ $ 152 ​ $ 1,658 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,670 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2018 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 582 ​ $ 419 ​ $ 121 ​ $ 1,122 Food and other ​ 209 ​ ​ 127 ​ ​ 24 ​ 360 Non-alcoholic beverages ​ 148 ​ ​ 67 ​ ​ 20 ​ 235 Reportable segment totals ​ $ 939 ​ $ 613 ​ $ 165 ​ $ 1,717 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,734 ​ ​ The following tables for the nine months ended September 30, 2019 and 2018 disaggregates the Company’s revenue by customer end use: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2019 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,744 ​ $ 1,315 ​ $ 320 ​ $ 3,379 Food and other ​ 564 ​ ​ 331 ​ ​ 80 ​ 975 Non-alcoholic beverages ​ 425 ​ ​ 188 ​ ​ 55 ​ 668 Reportable segment totals ​ $ 2,733 ​ $ 1,834 ​ $ 455 ​ $ 5,022 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2018 ​ Americas ​ Europe ​ Asia Pacific ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Alcoholic beverages (beer, wine, spirits) $ 1,743 ​ $ 1,383 ​ $ 361 ​ $ 3,487 Food and other ​ 594 ​ ​ 351 ​ ​ 72 ​ 1,017 Non-alcoholic beverages ​ 440 ​ ​ 196 ​ ​ 58 ​ 694 Reportable segment totals ​ $ 2,777 ​ $ 1,930 ​ $ 491 ​ $ 5,198 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 44 Net sales ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,242

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventories
Major classes of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ ​ 2019 2018 2018 Finished goods ​ $ 836 ​ $ 849 ​ $ 808 ​ Raw materials ​ 134 ​ 125 ​ 119 ​ Operating supplies ​ 45 ​ 44 ​ 46 ​ ​ ​ $ 1,015 ​ $ 1,018 ​ $ 973 ​

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill
Schedule of changes in the carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Europe ​ Americas ​ Other ​ Total Balance as of September 30, 2018 ​ $ 889 ​ $ 1,655 ​ $ 5 ​ $ 2,549 ​ Translation effects ​ (15) ​ ​ (21) ​ ​ ​ ​ (36) ​ Balance as of December 31, 2018 ​ 874 ​ 1,634 ​ ​ 5 ​ ​ 2,513 ​ Translation effects ​ ​ (36) ​ ​ (9) ​ ​ ​ ​ ​ (45) ​ Acquisition related adjustments ​ ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 20 ​ Impairment ​ ​ ​ ​ (595) ​ ​ ​ ​ (595) ​ Balance as of September 30, 2019 ​ $ 838 ​ $ 1,050 ​ $ 5 ​ $ 1,893 ​

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments
Balance Sheet Classification of derivative instruments	Balance Sheet Classification ​ The following table shows the amount and classification (as noted above) of the Company’s derivatives at September 30, 2019, December 31, 2018 and September 30, 2018: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value of ​ Fair Value of ​ ​ ​ ​ Hedge Assets ​ Hedge Liabilities ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ September 30, ​ December 31, ​ September 30, ​ ​ ​ 2019 2018 2018 2019 2018 2018 ​ ​ Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ 1 ​ $ 1 ​ $ 8 ​ $ — ​ $ — ​ $ — ​ ​ Interest rate swaps - fair value hedges (b) ​ ​ 17 ​ ​ 6 ​ ​ 4 ​ ​ ​ ​ ​ 1 ​ ​ 11 ​ ​ Cash flow hedges of foreign exchange risk (c) ​ ​ 36 ​ ​ 10 ​ ​ 11 ​ ​ ​ ​ ​ 1 ​ ​ 12 ​ ​ Interest rate swaps - cash flow hedges (d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ Net investment hedges (e) ​ ​ 7 ​ ​ 6 ​ ​ 5 ​ ​ ​ ​ ​ 8 ​ ​ 5 ​ ​ Total derivatives accounted for as hedges ​ $ 61 ​ $ 23 ​ $ 28 ​ $ 1 ​ $ 10 ​ $ 28 ​ ​ Derivatives not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange derivative contracts (f) ​ ​ 2 ​ ​ 2 ​ ​ 2 ​ ​ 3 ​ ​ 2 ​ ​ 1 ​ ​ Total derivatives ​ $ 63 ​ $ 25 ​ $ 30 ​ $ 4 ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 34 ​ $ 19 ​ $ 18 ​ $ 3 ​ $ 3 ​ $ 1 ​ ​ Noncurrent ​ ​ 29 ​ ​ 6 ​ ​ 12 ​ ​ 1 ​ ​ 9 ​ ​ 28 ​ ​ Total derivatives ​ $ 63 ​ $ 25 ​ $ 30 ​ $ 4 ​ $ 12 ​ $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) The notional amounts of the commodity forward contracts were $19 million, $21 million and $21 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2020 for all three periods. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2024 for all three periods. (c) The notional amounts of the cash flow hedges of foreign exchange risk were $1.210 billion, $587 million and $590 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. The maximum maturity dates were in 2023 for all three periods. (d) The notional amounts of the interest rate swaps designated as cash flow hedges were $180 million at September 30, 2019, December 31, 2018 and September 30, 2018, respectively. Maximum maturity dates were 2021 at September 30, 2019 and 2020 at September 30, 2018 and December 31, 2018, respectively. (e) The notional amounts of the net investment hedges were €160 million and maximum maturity dates were 2020 at September 30, 2019 and December 31, 2018. (f) The notional amounts of the foreign exchange derivative contracts were $169 million, $470 million and $410 million and maximum maturity dates were 2020, 2019, and 2018 at September 30, 2019, December 31, 2018 and September 30, 2018, respectively.
Effect of derivative on the results of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ Three months ended September 30, ​ ​ Three months ended September 30, Derivatives designated as hedging instruments: 2019 ​ 2018 ​ ​ 2019 ​ 2018 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ (1) ​ $ 1 ​ ​ $ — ​ $ — Cash flow hedges of foreign exchange risk (b) ​ ​ (52) ​ ​ 7 ​ ​ ​ (54) ​ ​ (9) Cash flow hedges of interest rate risk (c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 8 ​ ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ $ (45) ​ $ 8 ​ ​ $ (52) ​ $ (9) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (Loss) Recognized in OCI (Effective Portion) ​ ​ Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1) ​ ​ Nine months ended September 30, ​ ​ Nine months ended September 30, Derivatives designated as hedging instruments: 2019 ​ 2018 ​ ​ 2019 ​ 2018 Cash Flow Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ Commodity forward contracts (a) ​ $ — ​ $ 6 ​ ​ $ (1) ​ $ (1) Cash flow hedges of foreign exchange risk (b) ​ ​ (50) ​ ​ 8 ​ ​ ​ (66) ​ ​ 1 Cash flow hedges of interest rate risk (c) ​ ​ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Investment Hedges ​ ​ 13 ​ ​ ​ ​ ​ ​ (2) ​ ​ ​ ​ ​ $ (38) ​ $ 14 ​ ​ $ (69) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Amount of Gain (Loss) Recognized in Other income (expense), net ​ ​ Three months ended September 30, ​ ​ Nine months ended September 30, Derivatives not designated as hedges: ​ 2019 ​ 2018 ​ ​ 2019 ​ 2018 Foreign exchange derivative contracts ​ $ 1 $ — ​ $ 8 $ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other expense, net or (c) interest expense, net.

Restructuring Accruals (Tables)

Restructuring Accruals (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring Accruals
Selected information related to the restructuring accruals	​ Selected information related to the restructuring accruals for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2019 ​ $ 50 ​ $ ​ ​ $ 20 ​ $ 70 Charges ​ ​ 5 ​ ​ 17 ​ ​ 2 ​ ​ 24 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (17) ​ ​ ​ ​ ​ (17) Net cash paid, principally severance and related benefits ​ (6) ​ ​ ​ ​ ​ (6) ​ (12) Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ (1) ​ (1) Balance at September 30, 2019 ​ $ 49 ​ $ — ​ $ 15 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at July 1, 2018 ​ $ 71 ​ $ ​ ​ $ 16 ​ $ 87 Net cash paid, principally severance and related benefits ​ (8) ​ ​ ​ ​ ​ (1) ​ (9) Other, including foreign exchange translation ​ (1) ​ ​ ​ ​ ​ (2) ​ (3) Balance at September 30, 2018 ​ $ 62 ​ $ — ​ $ 13 ​ $ 75 ​ Selected information related to the restructuring accruals for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2019 ​ $ 47 ​ $ ​ ​ $ 22 ​ $ 69 Charges ​ ​ 32 ​ ​ 17 ​ ​ 7 ​ ​ 56 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (17) ​ ​ ​ ​ ​ (17) Net cash paid, principally severance and related benefits ​ (30) ​ ​ ​ ​ ​ (11) ​ (41) Other, including foreign exchange translation ​ ​ ​ ​ ​ ​ ​ (3) ​ (3) Balance at September 30, 2019 ​ $ 49 ​ $ — ​ $ 15 ​ $ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee ​ Asset ​ Other ​ Total ​ ​ Costs ​ Impairment ​ Exit Costs ​ Restructuring Balance at January 1, 2018 ​ $ 67 ​ $ ​ ​ $ 18 ​ $ 85 Charges ​ ​ 15 ​ ​ 53 ​ ​ 2 ​ ​ 70 Write-down of assets to net realizable value ​ ​ ​ ​ ​ (53) ​ ​ ​ ​ ​ (53) Net cash paid, principally severance and related benefits ​ (18) ​ ​ ​ ​ ​ (3) ​ ​ (21) Other, including foreign exchange translation ​ (2) ​ ​ ​ ​ ​ (4) ​ ​ (6) Balance at September 30, 2018 ​ $ 62 ​ $ — ​ $ 13 ​ $ 75

Pension Benefit Plans (Tables)

Pension Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Pension Benefit Plans
Pension Benefit Plans and Other Postretirement Benefit Plans
Components of net periodic pension cost	​ The components of the net periodic pension cost for the three months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2019 2018 2019 2018 Service cost ​ $ 3 ​ $ 4 ​ $ 3 ​ $ 4 ​ Interest cost ​ 15 ​ 15 ​ 7 ​ 7 ​ Expected asset return ​ ​ (22) ​ ​ (25) ​ ​ (11) ​ ​ (13) ​ Amortization of actuarial loss ​ ​ 10 ​ ​ 13 ​ ​ 3 ​ ​ 3 ​ Net periodic pension cost ​ $ 6 ​ $ 7 ​ $ 2 ​ $ 1 ​ ​ ​ The components of the net periodic pension cost for the nine months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. ​ Non-U.S. ​ 2019 2018 2019 2018 Service cost ​ $ 9 ​ $ 11 ​ $ 9 ​ $ 11 ​ Interest cost ​ ​ 45 ​ 45 ​ 22 ​ 23 ​ Expected asset return ​ ​ (65) ​ ​ (74) ​ ​ (33) ​ ​ (40) ​ Amortization of actuarial loss ​ ​ 30 ​ ​ 39 ​ ​ 7 ​ ​ 10 ​ Net periodic pension cost ​ $ 19 ​ $ 21 ​ $ 5 ​ $ 4 ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ 2019 2019 Lease cost ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense) ​ $ 2 ​ $ 5 Interest on lease liabilities (included in Interest expense, net) ​ ​ ​ ​ ​ 1 Operating lease cost (included in Cost of goods sold and Selling and administrative expense) ​ ​ 21 ​ ​ 63 Total lease cost ​ $ 23 ​ $ 69 ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ September 30, ​ ​ 2019 Other information ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows from operating leases ​ $ 63 Operating cash flows from finance leases ​ ​ 1 Financing cash flows from finance leases ​ ​ 5 Right-of-use assets obtained in exchange for new operating lease liabilities ​ ​ 31
Schedule of supplemental balance sheet information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Supplemental balance sheet information ​ ​ ​ Operating leases: ​ ​ ​ ​ Operating lease right-of-use assets (included in Other assets) ​ $ 186 ​ ​ ​ ​ ​ ​ Current operating lease liabilities (included in Other current liabilities) ​ ​ 63 ​ Noncurrent operating lease liabilities (included in Other long-term liabilities) ​ ​ 123 ​ Total operating lease liabilities ​ $ 186 ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ Property, plant and equipment ​ $ 77 ​ Accumulated amortization ​ ​ (31) ​ Property, plant and equipment, net ​ ​ 46 ​ ​ ​ ​ ​ ​ Current finance lease liabilities (included in Long-term debt due within one year) ​ ​ 6 ​ Noncurrent finance lease liabilities (included in Long-term debt) ​ ​ 37 ​ Total finance lease liabilities ​ $ 43 ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term (in years): ​ ​ ​ ​ Operating leases ​ ​ 4.8 ​ Finance leases ​ ​ 6.0 ​ Weighted-average discount rate: ​ ​ ​ ​ Operating leases ​ ​ 3.8 % Finance leases ​ ​ 4.6 %
Schedule of operating leases maturities of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity of lease liabilities ​ ​ Operating leases ​ ​ Finance leases ​ 2019 ​ $ 19 ​ $ 2 ​ 2020 ​ ​ 64 ​ ​ 9 ​ 2021 ​ ​ 40 ​ ​ 8 ​ 2022 ​ ​ 30 ​ ​ 8 ​ 2023 ​ ​ 19 ​ ​ 7 ​ 2024 and thereafter ​ ​ 32 ​ ​ 19 ​ Total lease payments ​ ​ 204 ​ ​ 53 ​ Less: imputed interest ​ ​ (18) ​ ​ (10) ​ Total lease obligations ​ $ 186 ​ $ 43 ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum payments related to leases not yet commenced as of September 30, 2019 ​ $ - ​ $ 130 ​

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt
Long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ September 30, ​ 2019 2018 2018 Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ $ 265 ​ $ — ​ $ — Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ 1,496 ​ ​ ​ ​ ​ ​ Previous Secured Credit Agreement: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Credit Facility: ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ 335 Term Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loan A ​ ​ ​ ​ 897 ​ ​ 908 Other secured debt ​ ​ 454 ​ ​ 404 ​ ​ 329 Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ 6.75%, due 2020 (€250 million at September 30, 2019 and €500 million at December 31, 2018 and September 30, 2018) ​ 273 ​ 570 ​ ​ 580 4.875%, due 2021 (€330 million) ​ ​ 360 ​ ​ 376 ​ ​ 382 5.00%, due 2022 ​ ​ 498 ​ ​ 497 ​ ​ 497 4.00%, due 2023 ​ 307 ​ 306 ​ ​ 306 5.875%, due 2023 ​ ​ 690 ​ ​ 688 ​ ​ 687 3.125%, due 2024 (€725 million) ​ 818 ​ ​ 825 ​ ​ 828 6.375%, due 2025 ​ ​ 296 ​ ​ 295 ​ ​ 295 5.375%, due 2025 ​ ​ 298 ​ ​ 297 ​ ​ 297 Finance leases ​ ​ 43 ​ ​ 45 ​ ​ 48 Other ​ 16 ​ 14 ​ ​ 16 Total long-term debt ​ 5,814 ​ 5,214 ​ ​ 5,508 Less amounts due within one year ​ 302 ​ 33 ​ ​ 21 Long-term debt ​ $ 5,512 ​ $ 5,181 ​ $ 5,487
Fair values of the Company's significant fixed rate debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Indicated ​ ​ ​ Amount Market Price Fair Value Senior Notes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6.75%, due 2020 (€250 million) ​ $ 273 $ 106.20 ​ $ 290 ​ 4.875%, due 2021 (€330 million) ​ ​ 361 ​ 106.99 ​ 386 ​ 5.00%, due 2022 ​ 500 ​ 103.38 ​ 517 ​ 5.875%, due 2023 ​ 700 ​ ​ 106.66 ​ ​ 747 ​ 4.00%, due 2023 ​ ​ 310 ​ ​ 100.79 ​ ​ 312 ​ 3.125%, due 2024 (€725 million) ​ ​ 793 ​ ​ 105.41 ​ ​ 836 ​ 6.375%, due 2025 ​ ​ 300 ​ ​ 106.93 ​ ​ 321 ​ 5.375%, due 2025 ​ ​ 300 ​ ​ 103.84 ​ ​ 312 ​

Share Owners' Equity (Tables)

Share Owners' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Share Owners' Equity
Activity in share owners' equity	The activity in share owners’ equity for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2019 ​ $ 176 ​ $ 3,149 ​ $ (1,850) ​ $ 115 ​ $ 1,590 ​ Net distribution to parent ​ ​ (34) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (34) ​ Net earnings (loss) ​ ​ ​ ​ ​ (575) ​ ​ ​ ​ ​ 8 ​ ​ (567) ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ (64) ​ ​ (22) ​ ​ (86) ​ Balance on September 30, 2019 ​ $ 142 ​ $ 2,574 ​ $ (1,914) ​ $ 101 ​ $ 903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity ​ Balance on July 1, 2018 ​ $ 452 ​ $ 2,770 ​ $ (1,888) ​ $ 121 ​ $ 1,455 ​ Net distribution to parent ​ ​ (18) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (18) ​ Net earnings ​ ​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 7 ​ ​ 127 ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ 54 ​ ​ (9) ​ ​ 45 ​ Balance on September 30, 2018 ​ $ 434 ​ $ 2,890 ​ $ (1,834) ​ $ 119 ​ $ 1,609 ​ L ​ ​ ​ The activity in share owners’ equity for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2019 ​ $ 311 ​ $ 3,004 ​ $ (1,927) ​ $ 114 ​ $ 1,502 ​ Net distribution to parent ​ ​ (169) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (169) ​ Net earnings (loss) ​ ​ ​ ​ ​ (430) ​ ​ ​ ​ ​ 17 ​ ​ (413) ​ Other comprehensive income (loss) ​ ​ ​ ​ ​ ​ ​ ​ 13 ​ ​ (30) ​ ​ (17) ​ Balance on September 30, 2019 ​ $ 142 ​ $ 2,574 ​ $ (1,914) ​ $ 101 ​ $ 903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share Owners’ Equity of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ Other ​ Non- ​ Total Share ​ ​ ​ Contributed ​ Retained ​ Comprehensive ​ controlling ​ Owners' ​ ​ ​ Capital ​ Earnings ​ Loss ​ Interests ​ Equity Balance on January 1, 2018 ​ $ 553 ​ $ 2,623 ​ $ (1,786) ​ $ 119 ​ $ 1,509 ​ Net distribution to parent ​ ​ (119) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (119) ​ Net earnings ​ ​ ​ ​ ​ 267 ​ ​ ​ ​ ​ 18 ​ ​ 285 ​ Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ (48) ​ ​ (18) ​ ​ (66) ​ Balance on September 30, 2018 ​ $ 434 ​ $ 2,890 ​ $ (1,834) ​ $ 119 ​ $ 1,609 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Loss
Schedule of activity in accumulated other comprehensive loss	The activity in accumulated other comprehensive loss for the three months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2019 ​ $ (830) ​ $ (15) ​ $ (1,005) ​ $ (1,850) ​ Change before reclassifications ​ (96) ​ ​ 54 ​ ​ 8 ​ (34) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (52) (a) 12 (b) (40) ​ Translation effect ​ ​ ​ ​ ​ 2 ​ ​ 7 ​ ​ 9 ​ Tax effect ​ ​ ​ ​ ​ 1 ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ (96) ​ 5 ​ 27 ​ (64) ​ Balance on September 30, 2019 ​ $ (926) ​ $ (10) ​ $ (978) ​ $ (1,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on July 1, 2018 ​ $ (856) ​ $ (11) ​ $ (1,021) ​ $ (1,888) ​ Change before reclassifications ​ 40 ​ (11) ​ (1) ​ 28 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ 9 (a) 16 (b) 25 ​ Translation effect ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ Other comprehensive income (loss) attributable to the Company ​ 40 ​ (1) ​ 15 ​ 54 ​ Balance on September 30, 2018 ​ $ (816) ​ $ (12) ​ $ (1,006) ​ $ (1,834) ​ ​ (a) Amount is included in Cost of goods sold and Other expense, net on the Condensed Consolidated Results of Operations (see Note 6 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 8 for additional information) and net postretirement benefit cost. ​ The activity in accumulated other comprehensive loss for the nine months ended September 30, 2019 and 2018 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2019 ​ $ (889) ​ $ (11) ​ $ (1,027) ​ $ (1,927) ​ Change before reclassifications ​ (37) ​ ​ 61 ​ 6 ​ 30 ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (69) (a) 37 (b) (32) ​ Translation effect ​ ​ ​ ​ ​ 5 ​ ​ 6 ​ ​ 11 ​ Tax effect ​ ​ ​ ​ ​ 4 ​ ​ ​ 4 ​ Other comprehensive income (loss) attributable to the Company ​ (37) ​ 1 ​ 49 ​ 13 ​ Balance on September 30, 2019 ​ $ (926) ​ $ (10) ​ $ (978) ​ $ (1,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ Net Effect of ​ Change in Certain ​ ​ ​ ​ Other ​ ​ ​ Exchange Rate ​ Derivative ​ Employee ​ Comprehensive ​ Fluctuations Instruments Benefit Plans Loss Balance on January 1, 2018 ​ $ (724) ​ $ (5) ​ $ (1,057) ​ $ (1,786) ​ Change before reclassifications ​ (92) ​ (7) ​ (8) ​ (107) ​ Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ ​ ​ ​ (a) 49 (b) 49 ​ Translation effect ​ ​ ​ ​ ​ ​ ​ ​ 10 ​ ​ 10 ​ Other comprehensive income (loss) attributable to the Company ​ (92) ​ (7) ​ 51 ​ (48) ​ Balance on September 30, 2018 ​ $ (816) ​ $ (12) ​ $ (1,006) ​ $ (1,834) ​ ​ ​ (a) Amount is included in Cost of goods sold and Other expense, net on the Condensed Consolidated Results of Operations (see Note 6 for additional information). (b) Amount is included in the computation of net periodic pension cost (see Note 8 for additional information) and net postretirement benefit cost.

Other Expense (Income), net (Ta

Other Expense (Income), net (Tables)	9 Months Ended
	Sep. 30, 2019
Other Expense (Income), net
Schedule of other expense (income), net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, ​ Nine months ended September 30, ​ 2019 2018 2019 2018 Impairment of goodwill (see Note 5) ​ $ 595 ​ $ — ​ $ 595 ​ $ — ​ Restructuring, asset impairment and other charges ​ ​ 31 ​ ​ ​ ​ ​ 69 ​ ​ 68 ​ Pension settlement charges ​ ​ 11 ​ ​ ​ ​ ​ 13 ​ ​ ​ ​ Foreign currency exchange loss ​ ​ 3 ​ ​ 4 ​ ​ 6 ​ ​ 6 ​ Intangible amortization expense ​ ​ 11 ​ ​ 10 ​ ​ 31 ​ ​ 30 ​ Royalty income ​ ​ (3) ​ ​ (3) ​ ​ (10) ​ ​ (9) ​ Non-income tax gain ​ ​ ​ ​ ​ (13) ​ ​ ​ ​ ​ (13) ​ Other expense (income), net ​ ​ (3) ​ ​ (18) ​ ​ 5 ​ ​ (33) ​ ​ ​ $ 645 ​ $ (20) ​ $ 709 ​ $ 49 ​

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information
Supplemental Cash Flow Information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, ​ 2019 2018 U.S. ​ $ — ​ $ 9 ​ Non-U.S. ​ 81 ​ 87 ​ Total income taxes paid in cash ​ $ 81 ​ $ 96 ​

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations
Schedule of preliminary estimates of fair value of the assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 28, ​ ​ Measurement Period Adjustments ​ ​ September 30, 2019 Accounts receivable ​ $ 42 ​ ​ ​ ​ ​ 42 Inventory ​ ​ 17 ​ ​ ​ ​ ​ 17 Long lived assets (includes PP&E and intangibles) ​ ​ 164 ​ ​ 19 ​ ​ 183 Total assets ​ ​ 223 ​ ​ 19 ​ ​ 242 Accounts payable ​ ​ 25 ​ ​ ​ ​ ​ 25 Accrued liabilities ​ 3 ​ ​ ​ ​ ​ 3 Deferred tax liabilities ​ ​ ​ ​ ​ 19 ​ ​ 19 Net assets acquired ​ $ 195 ​ ​ — ​ ​ 195

Basis of Presentation (Details)

Basis of Presentation (Details)	Sep. 30, 2019
Owens Illinois Inc.
Equity Method Investments
Owens-Illinois, Inc.'s ownership percentage in the Company	100.00%

Segment Information - Reportabl

Segment Information - Reportable Segments (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment Reporting Information
Number of reportable segments | segment			3
Number of operating segments | segment			3
Net sales:
Net sales	$ 1,670	$ 1,734	$ 5,063	$ 5,242
Segment Operating Profit:
Segment operating profit	205	255	641	734
Items excluded from segment operating profit:
Retained corporate costs and other	(20)	(24)	(71)	(81)
Charge for goodwill impairment	(595)		(595)
Restructuring, asset impairment and other	(43)		(86)	(73)
Interest expense, net	(83)	(63)	(215)	(199)
Earnings from continuing operations before income taxes
Earnings (loss) from continuing operations before income taxes	(536)	168	(326)	381
Reportable Segment Totals
Net sales:
Net sales	1,658	1,717	5,022	5,198
Americas
Net sales:
Net sales	918	939	2,733	2,777
Segment Operating Profit:
Segment operating profit	123	158	380	458
Items excluded from segment operating profit:
Charge for goodwill impairment			(595)
Europe
Net sales:
Net sales	588	613	1,834	1,930
Segment Operating Profit:
Segment operating profit	79	87	248	260
Asia Pacific
Net sales:
Net sales	152	165	455	491
Segment Operating Profit:
Segment operating profit	3	10	13	16
Other
Net sales:
Net sales	$ 12	$ 17	$ 41	$ 44

Segment Information - Total Ass

Segment Information - Total Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets
Total assets:	$ 9,548	$ 9,699	$ 9,940
Reportable Segment Totals
Assets
Total assets:	9,315	9,451	9,674
Americas
Assets
Total assets:	5,241	5,497	5,455
Europe
Assets
Total assets:	3,053	3,036	3,220
Asia Pacific
Assets
Total assets:	1,021	918	999
Other
Assets
Total assets:	$ 233	$ 248	$ 266

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Alcoholic beverages (beer, wine, spirits)
Disaggregation of Revenue
Net sales	$ 1,106	$ 1,122	$ 3,379	$ 3,487
Alcoholic beverages (beer, wine, spirits) | Americas
Disaggregation of Revenue
Net sales	591	582	1,744	1,743
Alcoholic beverages (beer, wine, spirits) | Europe
Disaggregation of Revenue
Net sales	409	419	1,315	1,383
Alcoholic beverages (beer, wine, spirits) | Asia Pacific
Disaggregation of Revenue
Net sales	106	121	320	361
Food and other
Disaggregation of Revenue
Net sales	337	360	975	1,017
Food and other | Americas
Disaggregation of Revenue
Net sales	192	209	564	594
Food and other | Europe
Disaggregation of Revenue
Net sales	119	127	331	351
Food and other | Asia Pacific
Disaggregation of Revenue
Net sales	26	24	80	72
Non-alcoholic beverages
Disaggregation of Revenue
Net sales	215	235	668	694
Non-alcoholic beverages | Americas
Disaggregation of Revenue
Net sales	135	148	425	440
Non-alcoholic beverages | Europe
Disaggregation of Revenue
Net sales	60	67	188	196
Non-alcoholic beverages | Asia Pacific
Disaggregation of Revenue
Net sales	$ 20	$ 20	$ 55	$ 58

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Inventories
Finished goods	$ 836	$ 849	$ 808
Raw materials	134	125	119
Operating supplies	45	44	46
Inventories	$ 1,015	$ 1,018	$ 973

Goodwill - Goodwill Rollforward

Goodwill - Goodwill Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2019
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		$ 2,549	$ 2,513
Translation effects		(36)	(45)
Acquisition related adjustments			20
Impairment	$ (595)		(595)
Balance of Goodwill at end of the period	1,893	2,513	1,893
Europe
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		889	874
Translation effects		(15)	(36)
Balance of Goodwill at end of the period	838	874	838
Americas
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		1,655	1,634
Translation effects		(21)	(9)
Acquisition related adjustments			20
Impairment			(595)
Balance of Goodwill at end of the period	1,050	1,634	1,050
Other
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		5	5
Balance of Goodwill at end of the period	5	5	5
Asia Pacific
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period		0	0
Balance of Goodwill at end of the period	0	$ 0	0
Accumulated impairment losses	$ 1,135		$ 1,135

Derivative Instruments - Deriva

Derivative Instruments - Derivatives and Hedges (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Derivatives and Hedges
Net cash proceeds for hedging activity		$ (28)
Net Investment Hedges
Derivatives and Hedges
Unrecognized (loss) gain included in Accumulated OCI				$ (1)
Unrecognized (loss) gain included in Accumulated OCI		12	$ 4
Commodity forwards contracts | Cash Flow Hedges
Derivatives and Hedges
Unrecognized (loss) gain included in Accumulated OCI		1	1	(8)
Cross-currency swap | Cash Flow Hedges
Derivatives and Hedges
Unrecognized (loss) gain included in Accumulated OCI		(19)	(9)	(9)
Net cash proceeds for hedging activity	$ 15
Interest rate risk | Cash Flow Hedges
Derivatives and Hedges
Unrecognized (loss) gain included in Accumulated OCI		$ (2)
Interest rate risk | Cash Flow Hedges | Maximum
Derivatives and Hedges
Unrecognized (loss) gain included in Accumulated OCI			$ (1)	$ 1
Interest rate risk | Fair Value Hedges
Derivatives and Hedges
Net cash proceeds for hedging activity	$ 13

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet Classification (Details) € in Millions, $ in Millions	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Sep. 30, 2018USD ($)	Sep. 30, 2018EUR (€)
Derivatives, Fair Value
Total asset derivatives	$ 63		$ 25		$ 30
Total liability derivatives	4		12		29
Current derivative asset	34		19		18
Current derivative liability	3		3		1
Noncurrent derivative asset	29		6		12
Noncurrent derivative liability	1		9		28
Derivatives not designated as hedging instruments | Cash flow hedges of foreign exchange risk
Derivatives, Fair Value
Notional amount	169		470		410
Total asset derivatives	2		2		2
Total liability derivatives	3		2		1
Derivatives designated as hedging instruments
Derivatives, Fair Value
Total asset derivatives	61		23		28
Total liability derivatives	1		10		28
Derivatives designated as hedging instruments | Commodity forwards contracts
Derivatives, Fair Value
Notional amount	19		21		21
Total asset derivatives	1		1		8
Derivatives designated as hedging instruments | Interest rate swaps - fair value hedges
Derivatives, Fair Value
Notional amount | €		€ 725		€ 725		€ 725
Total asset derivatives	17		6		4
Total liability derivatives			1		11
Derivatives designated as hedging instruments | Cash flow hedges of foreign exchange risk
Derivatives, Fair Value
Notional amount	1,210		587		590
Total asset derivatives	36		10		11
Total liability derivatives			1		12
Derivatives designated as hedging instruments | Interest rate swaps - cash flow hedges
Derivatives, Fair Value
Notional amount	180		180		180
Total liability derivatives	1
Derivatives designated as hedging instruments | Net investment hedges
Derivatives, Fair Value
Notional amount | €		€ 160		€ 160
Total asset derivatives	$ 7		6		5
Total liability derivatives			$ 8		$ 5

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivatives designated as hedging instruments
Derivatives and Hedges
Amount of Gain (Loss) Recognized in OCI	$ (45)	$ 8	$ (38)	$ 14
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(52)	(9)	(69)
Derivatives designated as hedging instruments | Net Investment Hedges
Derivatives and Hedges
Amount of Gain (Loss) Recognized in OCI	8		13
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	2		(2)
Derivatives designated as hedging instruments | Commodity forwards contracts | Cash Flow Hedges | Cost of goods sold
Derivatives and Hedges
Amount of Gain (Loss) Recognized in OCI	(1)	1		6
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income			(1)	(1)
Derivatives designated as hedging instruments | Foreign exchange risk | Cash Flow Hedges | Other expense, net
Derivatives and Hedges
Amount of Gain (Loss) Recognized in OCI	(52)	7	(50)	8
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(54)	$ (9)	(66)	1
Derivatives designated as hedging instruments | Interest rate risk | Cash Flow Hedges | Interest expense, net
Derivatives and Hedges
Amount of Gain (Loss) Recognized in OCI			(1)
Derivatives not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedges
Amount of Gain (Loss) Recognized in Other income (expense), net	$ 1		$ 8	$ (1)

Restructuring Accruals (Details

Restructuring Accruals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring accrual
Beginning balance, restructuring reserve	$ 70	$ 87	$ 69	$ 85
Charges	24		56	70
Write-down of assets to net realizable value	(17)		(17)	(53)
Net cash paid, principally severance and related benefits	(12)	(9)	(41)	(21)
Other, including foreign exchange translation	(1)	(3)	(3)	(6)
Ending balance, restructuring reserve	64	75	64	75
Restructuring, Additional Information
Carrying value of impaired assets	0	3	0	3
Cost of goods sold
Restructuring accrual
Charges				5
Selling and administrative expense
Restructuring accrual
Charges			2
Other expense, net
Restructuring accrual
Charges			54	65
Employee Costs
Restructuring accrual
Beginning balance, restructuring reserve	50	71	47	67
Charges	5		32	15
Net cash paid, principally severance and related benefits	(6)	(8)	(30)	(18)
Other, including foreign exchange translation		(1)		(2)
Ending balance, restructuring reserve	49	62	49	62
Asset Impairment
Restructuring accrual
Charges	17		17	53
Write-down of assets to net realizable value	(17)		(17)	(53)
Other Exit Costs
Restructuring accrual
Beginning balance, restructuring reserve	20	16	22	18
Charges	2		7	2
Net cash paid, principally severance and related benefits	(6)	(1)	(11)	(3)
Other, including foreign exchange translation	(1)	(2)	(3)	(4)
Ending balance, restructuring reserve	$ 15	$ 13	$ 15	$ 13

Pension Benefit Plans (Details)

Pension Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Amortization:
Pension settlement charges			$ 13
U.S.
Components of the net pension expense and postretirement benefit cost
Service cost	$ 3	$ 4	9	$ 11
Interest cost	15	15	45	45
Expected asset return	(22)	(25)	(65)	(74)
Amortization:
Amortization of Actuarial loss	10	13	30	39
Net periodic pension cost	6	7	19	21
Non-U.S.
Components of the net pension expense and postretirement benefit cost
Service cost	3	4	9	11
Interest cost	7	7	22	23
Expected asset return	(11)	(13)	(33)	(40)
Amortization:
Amortization of Actuarial loss	3	3	7	10
Net periodic pension cost	2	$ 1	5	$ 4
Pension Benefit Plans | U.S.
Amortization:
Pension settlement charges	$ 11		$ 13

Leases (Details)

Leases (Details)	9 Months Ended
	Sep. 30, 2019
Leases
Finance leases - option to extend	true
Operating leases - option to extend	true

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lease cost
Amortization of right-of-use assets	$ 2	$ 5
Finance Lease, Interest Expense		1
Operating Lease, Cost	21	63
Total lease cost	$ 23	$ 69

Leases - Other Information (Det

Leases - Other Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Leases
Operating cash flows from operating leases	$ 63
Operating cash flows from finance leases	1
Financing cash flows from finance leases	5
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 31

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Sep. 30, 2018
Operating leases:
Operating lease right-of-use assets (included in Other assets)	$ 186	$ 214
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Operating lease right-of-use assets (included in Other assets)
Current operating lease liabilities (included in Other current liabilities)	$ 63
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current operating lease liabilities (included in Other current liabilities)
Noncurrent operating lease liabilities (included in Other long-term liabilities)	$ 123
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Noncurrent operating lease liabilities (included in Other long-term liabilities)
Operating Lease, Liability	$ 186	$ 214
Finance leases:
Property, plant and equipment, net	3,104		$ 3,085	$ 3,044
Current finance lease liabilities (included in Long-term debt due within one year)	$ 6
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current finance lease liabilities (included in Long-term debt due within one year)
Noncurrent finance lease liabilities (included in Long-term debt)	$ 37
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Noncurrent finance lease liabilities (included in Long-term debt)
Finance Lease, Liability	$ 43
Weighted-average remaining lease term (in years):
Operating leases weighted-average remaining lease term (in years)	4 years 9 months 18 days
Finance leases weighted-average remaining lease term (in years)	6 years
Weighted-average discount rate:
Operating leases (as a percent)	3.80%
Finance leases (as a percent)	4.60%
Property, plant and equipment finance leases
Finance leases:
Property, plant and equipment, at cost	$ 77
Accumulated amortization	(31)
Property, plant and equipment, net	$ 46

Leases - Maturity of lease liab

Leases - Maturity of lease liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
Operating leases
2019	$ 19
2020	64
2021	40
2022	30
2023	19
2024 and thereafter	32
Total lease payments	204
Less: imputed interest	(18)
Total operating lease liabilities	186	$ 214
Finance leases
2019	2
2020	9
2021	8
2022	8
2023	7
2024 and thereafter	19
Total lease payments	53
Less: imputed interest	(10)
Total finance lease liabilities	43
Lessee Finance Lease Lease Not Yet Commenced Amount	$ 130

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Income Taxes
Statutory U.S. Federal tax rate (as a percent)	21.00%	21.00%

Debt - Long-term Debt Summary (

Debt - Long-term Debt Summary (Details) $ / shares in Units, € in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)itemagreement$ / shares	Dec. 31, 2020item	Sep. 30, 2019EUR (€)item	Jul. 31, 2019EUR (€)	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Sep. 30, 2018USD ($)	Sep. 30, 2018EUR (€)
Debt Instrument
Total long-term debt		$ 5,814				$ 5,214		$ 5,508
Less amounts due within one year		302				33		21
Long-term debt		$ 5,512				5,181		5,487
Number financial maintenance covenants | agreement		1
Weighted Average Interest Rate (as a percent)		3.26%		3.26%
Secured Credit Agreement
Debt Instrument
Unused Credit		$ 1,200
Revolving Loans
Debt Instrument
Total long-term debt		265
Term Loan A
Debt Instrument
Total long-term debt		1,496
Face Value		1,500
Net proceeds, after deducting debt issuance costs		1,496
Other secured debt
Debt Instrument
Total long-term debt		454				404		329
Senior Notes 6.75%, due 2020 (250 million EUR at September 30, 2019 and 500 million EUR at December 31, 2018 and September 30, 2018)
Debt Instrument
Total long-term debt		$ 273		€ 250	€ 250	570	€ 500	580	€ 500
Interest rate, stated percentage		6.75%		6.75%	6.75%
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees		$ 24
Fair values of fixed rate debt obligations
Principal Amount		$ 273
Indicated Market Price (in dollars per share) | $ / shares		$ 106.20
Fair Value		$ 290
Senior Notes 4.875%, due 2021 (330 million EUR)
Debt Instrument
Total long-term debt		$ 360		€ 330		376	330	382	330
Interest rate, stated percentage		4.875%		4.875%
Fair values of fixed rate debt obligations
Principal Amount		$ 361
Indicated Market Price (in dollars per share) | $ / shares		$ 106.99
Fair Value		$ 386
Senior Notes 5.00%, due 2022
Debt Instrument
Total long-term debt		$ 498				497		497
Interest rate, stated percentage		5.00%		5.00%
Fair values of fixed rate debt obligations
Principal Amount		$ 500
Indicated Market Price (in dollars per share) | $ / shares		$ 103.38
Fair Value		$ 517
Senior Notes 4.00%, due 2023
Debt Instrument
Total long-term debt		$ 307				306		306
Interest rate, stated percentage		4.00%		4.00%
Fair values of fixed rate debt obligations
Principal Amount		$ 310
Indicated Market Price (in dollars per share) | $ / shares		$ 100.79
Fair Value		$ 312
Senior Notes 3.125%, due 2024 (725 million EUR)
Debt Instrument
Total long-term debt		$ 818		€ 725		825	€ 725	828	€ 725
Interest rate, stated percentage		3.125%		3.125%
Fair values of fixed rate debt obligations
Principal Amount		$ 793
Indicated Market Price (in dollars per share) | $ / shares		$ 105.41
Fair Value		$ 836
Senior Notes 5.875%, due 2023
Debt Instrument
Total long-term debt		$ 690				688		687
Interest rate, stated percentage		5.875%		5.875%
Fair values of fixed rate debt obligations
Principal Amount		$ 700
Indicated Market Price (in dollars per share) | $ / shares		$ 106.66
Fair Value		$ 747
Senior Notes 6.375%, due 2025
Debt Instrument
Total long-term debt		$ 296				295		295
Interest rate, stated percentage		6.375%		6.375%
Fair values of fixed rate debt obligations
Principal Amount		$ 300
Indicated Market Price (in dollars per share) | $ / shares		$ 106.93
Fair Value		$ 321
Senior Notes 5.375%, due 2025
Debt Instrument
Total long-term debt		$ 298				297		297
Interest rate, stated percentage		5.375%		5.375%
Fair values of fixed rate debt obligations
Principal Amount		$ 300
Indicated Market Price (in dollars per share) | $ / shares		$ 103.84
Fair Value		$ 312
Finance Leases
Debt Instrument
Total long-term debt		43				45		48
Other debt
Debt Instrument
Total long-term debt		16				14		16
Revolving Credit Facility
Debt Instrument
Face Value		$ 300
Additional default interest rate per annum applied to all obligations owed under the Agreement		2.00%
Multicurrency Revolving Credit Facility
Debt Instrument
Total long-term debt		$ 1,200
Prior Agreement
Debt Instrument
Interest charges for write-off of finance fees	$ 2
Prior Agreement | Revolving Loans
Debt Instrument
Total long-term debt								335
Prior Agreement | Term Loan A
Debt Instrument
Total long-term debt						$ 897		$ 908
Minimum | Secured Credit Agreement
Debt Instrument
Interest rate margin, Eurocurrency Rate loans (as a percent)		1.00%		1.00%
Interest rate margin, Base Rate loans (as a percent)		0.00%
Minimum | Revolving Credit Facility
Debt Instrument
Facility fee payable (as a percent)		0.20%
Maximum
Debt Instrument
Leverage Ratio | item		5		5
Maximum Leverage Ratio may increase | item		0.5		0.5
Maximum Borrowing Capacity		$ 3,000
Maximum | Secured Credit Agreement
Debt Instrument
Interest rate margin, Eurocurrency Rate loans (as a percent)		1.50%		1.50%
Interest rate margin, Base Rate loans (as a percent)		0.50%
Maximum | Revolving Credit Facility
Debt Instrument
Facility fee payable (as a percent)		0.30%
Maximum | Forecast
Debt Instrument
Leverage Ratio | item			4.50

Contingencies - Asbestos (Detai

Contingencies - Asbestos (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)lawsuit	Sep. 30, 2019USD ($)lawsuit	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 1993USD ($)
Asbestos
Sale of goods containing asbestos from 1948 to 1958		$ 40,000,000
Loss contingency, plaintiffs damages	$ 722,000,000	$ 722,000,000
Approximate number of claims disposed | lawsuit	300	401,100
Average indemnity payment per claim	$ 10,000	$ 10,000
Asbestos-related cash payments			$ 105,000,000	$ 110,000,000	$ 125,000,000
Cash payments per claim disposed including legal costs			86,000	83,000	71,000
Asbestos-related liability, total amount accrued beginning in 1993 through current reporting period before insurance recoveries	$ 5,000,000,000	$ 5,000,000,000				$ 975,000,000
Accrual of asbestos related liability			602,000,000	582,000,000
Asbestos related charges			$ 125,000,000	$ 0	$ 0
Approximate number of plaintiffs and claimants asbestos claims pending against the entity
Number of pending plaintiffs and claimants | lawsuit	890	890
Minimum
Asbestos
Period in which significant majority of claims to be received		5 years
Maximum
Asbestos
Period in which significant majority of claims to be received		7 years

Share Owners' Equity (Details)

Share Owners' Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Increase (Decrease) in Share Owners' Equity
Balance	$ 1,590	$ 1,455	$ 1,502	$ 1,509
Net distribution to parent	(34)	(18)	(169)	(119)
Net earnings (loss)	(567)	127	(413)	285
Other comprehensive income (loss)	(86)	45	(17)	(66)
Balance	903	1,609	903	1,609
Other Contributed Capital
Increase (Decrease) in Share Owners' Equity
Balance	176	452	311	553
Net distribution to parent	(34)	(18)	(169)	(119)
Balance	142	434	142	434
Retained Earnings
Increase (Decrease) in Share Owners' Equity
Balance	3,149	2,770	3,004	2,623
Net earnings (loss)	(575)	120	(430)	267
Balance	2,574	2,890	2,574	2,890
Accumulated Other Comprehensive Loss
Increase (Decrease) in Share Owners' Equity
Balance	(1,850)	(1,888)	(1,927)	(1,786)
Other comprehensive income (loss)	(64)	54	13	(48)
Balance	(1,914)	(1,834)	(1,914)	(1,834)
Non-controlling Interests
Increase (Decrease) in Share Owners' Equity
Balance	115	121	114	119
Net earnings (loss)	8	7	17	18
Other comprehensive income (loss)	(22)	(9)	(30)	(18)
Balance	$ 101	$ 119	$ 101	$ 119

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Other comprehensive income (loss)	$ (86)	$ 46	$ (17)	$ (66)
Net Effect of Exchange Rate Fluctuations
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(830)	(856)	(889)	(724)
Change before reclassifications	(96)	40	(37)	(92)
Other comprehensive income (loss)	(96)	40	(37)	(92)
Balance at end of the period	(926)	(816)	(926)	(816)
Change in Certain Derivative Instruments
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(15)	(11)	(11)	(5)
Change before reclassifications	54	(11)	61	(7)
Amounts reclassified from accumulated other comprehensive income	(52)	9	(69)
Translation effect	2	1	5
Tax effect	1		4
Other comprehensive income (loss)	5	(1)	1	(7)
Balance at end of the period	(10)	(12)	(10)	(12)
Employee Benefit Plans
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,005)	(1,021)	(1,027)	(1,057)
Change before reclassifications	8	(1)	6	(8)
Amounts reclassified from accumulated other comprehensive income	12	16	37	49
Translation effect	7		6	10
Other comprehensive income (loss)	27	15	49	51
Balance at end of the period	(978)	(1,006)	(978)	(1,006)
Accumulated Other Comprehensive Loss
Increase (Decrease) Accumulated Other Comprehensive Loss, Net of Tax
Balance at beginning of the period	(1,850)	(1,888)	(1,927)	(1,786)
Change before reclassifications	(34)	28	30	(107)
Amounts reclassified from accumulated other comprehensive income	(40)	25	(32)	49
Translation effect	9	1	11	10
Tax effect	1		4
Other comprehensive income (loss)	(64)	54	13	(48)
Balance at end of the period	$ (1,914)	$ (1,834)	$ (1,914)	$ (1,834)

Other Expense (Income), net (De

Other Expense (Income), net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Expense (Income), net
Impairment of goodwill (see Note 5)	$ 595		$ 595
Restructuring, asset impairment and other charges	31		69	$ 68
Foreign currency exchange (gain) loss	3	$ 4	6	6
Pension settlement charge	11		13
Intangible amortization expense	11	10	31	30
Royalty income	(3)	(3)	(10)	(9)
Non-income tax gain		(13)		(13)
Other expense (income), net	(3)	(18)	5	(33)
Other Expense, net	$ 645	$ (20)	$ 709	$ 49

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Supplemental Cash Flow Information
Interest paid in cash	$ 224	$ 188
Income taxes paid in cash	81	96
Interest paid note repurchase premiums	23
Amount of receivables sold	369	289	$ 600
Change in cash from operating activities from factoring program	231	165
U.S.
Supplemental Cash Flow Information
Income taxes paid in cash		9
Non-U.S.
Supplemental Cash Flow Information
Income taxes paid in cash	$ 81	$ 87

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Millions	Dec. 06, 2018Plant	Jul. 31, 2017USD ($)	Mar. 31, 2018subsidiary	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Subsidiaries
Loss from discontinued operations					$ (1)	$ (1)
Discontinued Operations, Disposed of by Sale | OI European Group B.V. (?OIEG?)
Subsidiaries
Litigation settlement amount		$ 115
Loss from discontinued operations				$ 115
Disposed Venezuelan Subsidiaries
Subsidiaries
Expropriated plants | Plant	2
Number of subsidiaries seeking an annulment | subsidiary			2
Disposed Venezuelan Subsidiaries | Maximum
Subsidiaries
Loss from discontinued operations					$ 1	$ 1

New Accounting Pronouncement (D

New Accounting Pronouncement (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
New Accounting Pronouncement
Operating Lease, Liability	$ 186	$ 214
Operating Lease, Right-of-Use Asset	$ 186	$ 214

Business Combinations (Details)

Business Combinations (Details) $ in Millions	Jun. 28, 2019USD ($)	Jun. 30, 2019itemT	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Measurement period adjustments
Cash paid for acquisition				$ 157
Nueva Fabrica Nacional de Vidrio, S. de R.L. de C.V. ("Nueva Fanal")
Measurement period adjustments
Cash paid for acquisition	$ 195		$ 157		$ 42
Number of furnaces in the Nueva Fanal facility | item		4
Tonnage of glass containers produced by Nueva Fbrica Nacional de Vidrio, S. de R.L. de C.V. ("Nueva Fanal") | T		300,000
Pro forma financial information	$ 0

Business Combinations - Subsequ

Business Combinations - Subsequent Adjustments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 28, 2018
Fair value of the assets and liabilities assumed
Long lived assets (includes PP&E and intangibles)	$ 19
Total assets	19
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	19
Nueva Fabrica Nacional de Vidrio, S. de R.L. de C.V. ("Nueva Fanal")
Fair value of the assets and liabilities assumed
Accounts receivable	42	$ 42
Inventory	17	17
Long lived assets (includes PP&E and intangibles)	183	164
Total assets	242	223
Accounts payable	25	25
Accrued liabilities	3	3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	19
Net assets acquired	$ 195	$ 195