Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 62

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 62
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 other accrued liabilities49,115 33,196 AMT and other credit carryforwards6,102 3,584 Net operating loss carryforwards80,853 54,067 Other intangible assets2,288 268 Foreign currency translation— — Property, plant and equipment1,703 1,559 Inventory and related reserves2,852 3,098 Long term operating lease liabilities51,449 58,430 Other41,331 29,233 Total deferred tax assets251,314 200,528 Deferred tax liabilities:Property, plant and equipment(283,505)(259,083)Pension and other postretirement liabilities(45,835)(44,782)Other intangible assets(223,672)(178,062)Rationalization and other accrued liabilities(1,537)— Operating lease right of use assets(48,788)(55,993)Inventory and related reserves(11,723)(13,527)Foreign currency translation(24,830)(13,496)Other(14,609)(11,210)Total deferred tax liabilities(654,499)(576,153)Valuation allowance(91,340)(45,525)$(494,525)$(421,150)At December 31, 2024, the net deferred tax liability in our Consolidated Balance Sheets was comprised of long-term deferred tax assets of $11.1 million and long-term deferred tax liabilities of $505.6 million. At December 31, 2023, the net deferred tax liability in our Consolidated Balance Sheets was comprised of long-term deferred tax assets of $12.5 million and long-term deferred tax liabilities of $433.7 million. Long-term deferred tax assets were classified as other assets, net in our Consolidated Balance Sheets.The valuation allowance in 2024 includes deferred tax assets of $91.3 million resulting from state and foreign net operating loss carryforwards, or NOLs. The valuation allowance for deferred tax assets increased in 2024 by $45.8 million primarily due to acquired tax attributes related to Weener Packaging and an increase in the valuation allowance related to foreign NOLs.At December 31, 2024, we had foreign NOLs of approximately $71.9 million that are available to offset future taxable income. Of that amount, approximately $11.8 million will expire from 2025 to 2037. The remaining portion has no expiration date.