Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 54

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 54
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,726 11,955 13,373 Change in plan assetsFair value of plan assets at beginning of year807,016 764,405 — — Actual return on plan assets21,689 84,849 — — Employer contributions2,981 2,768 1,685 1,411 Participants’ contributions— — 18 19 Benefits paid(62,056)(45,006)(1,703)(1,430)Fair value of plan assets at end of year769,630 807,016 — — Funded status$115,659 $108,290 $(11,955)$(13,373)Actuarial (gains) losses related to pension benefits were primarily the result of changes in discount rates used to calculate projected benefit obligations.

F-29

SILGAN HOLDINGS INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

 Pension BenefitsOtherPostretirement Benefits 2024202320242023 (Dollars in thousands)Amounts recognized in the consolidatedbalance sheetsNon-current assets$206,800 $203,494 $— $— Current liabilities(3,009)(3,055)(1,299)(1,389)Non-current liabilities(88,132)(92,149)(10,656)(11,984)Net amount recognized$115,659 $108,290 $(11,955)$(13,373)Amounts recognized in accumulated other comprehensive loss Net actuarial loss (gain)$170,649 $176,877 $(4,443)$(4,740)Prior service cost (credit)234 391 (340)(21)Net amount recognized$170,883 $177,268 $(4,783)$(4,761)The fair value of plan assets for our domestic pension plans was approximately 137 percent and 134 percent of their projected benefit obligations at December 31, 2024 and 2023, respectively.  Pension plans with projected benefit obligations in excess of plan assets at December 31, 2024 and 2023 consisted entirely of our international pension benefit plans which are not funded. The projected benefit obligation for our international pension benefit plans was $91.1 million and $95.2 million at December 31, 2024 and 2023, respectively.The accumulated benefit