Company: SLGN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038677
Chunk: 17

Company: SILGAN HOLDINGS INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
We are a party to other legal proceedings, contract disputes and claims arising in the ordinary course of our business. We are not a party to, and none of our properties are subject to, any pending legal proceedings which could have a material adverse effect on our business or financial condition.

Note 9.               Supply Chain Finance Program

We have a supply chain finance (“SCF”) program with a major global financial institution.  Under this SCF program, a qualifying supplier may elect, but is not obligated, to sell its receivables from us to such financial institution.  Once a qualifying supplier elects to participate in this SCF program, all of our payments to the participating supplier are paid to such financial institution in this SCF program on the invoice due date under our agreement with such supplier, regardless of whether the individual invoice was sold by the supplier to such financial institution. We may terminate our agreement with the financial institution upon at least 30 days’ notice, and the financial institution may terminate our agreement upon at least 10 days’ notice. Additionally, suppliers who elect to participate in this SCF program may terminate their participation upon at least 30 days’ notice. The suppliers' invoices sold under this SCF program can be outstanding up to 210 days from the invoice date. Suppliers’ invoices included in this SCF program were $248.4 million, $251.0 million and $303.7 million at June 30, 2025 and 2024 and December 31, 2024, respectively, and were included in accounts payable in our Condensed Consolidated Balance Sheets.

Note 10.               Retirement Benefits 

The components of the net periodic pension benefit cost were as follows:Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024 (Dollars in thousands)Service cost$1,968 $2,164 $3,912 $4,329 Interest cost8,177 8,408 16,296 16,821 Expected return on plan assets(10,256)(10,771)(20,513)(21,542)Amortization of prior service cost 5 23 13 46 Amortization of actuarial losses1,883 1,853 3,776 3,705 Net periodic benefit cost $1,777 $1,677