Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 15

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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012 $38,033 Activity in reserves for our rationalization plans were as follows:EmployeeSeveranceand BenefitsPlantExitCostsNon-CashAssetWrite-DownsTotal (Dollars in thousands)Balance at December 31, 2024$29,318 $— $— $29,318 Charged to expense9,392 7,368 11,252 28,012 Utilized and currency translation(8,117)(7,368)(11,252)(26,737)Balance at September 30, 2025$30,593 $— $— $30,593 Non-cash asset write-downs were the result of comparing the carrying value of certain facilities and production related equipment to their fair value using estimated future discounted cash flows, a Level 3 fair value measurement (see Note 7 for information regarding a Level 3 fair value measurement).Rationalization reserves as of September 30, 2025 were recorded in our Condensed Consolidated Balance Sheet as accrued liabilities of $6.0 million and other liabilities of $24.6 million. Excluding the impact of our withdrawal from the Central States, Southeast and Southwest Areas Pension Plan, or the Central States Pension Plan, in 2019, remaining expenses and cash expenditures for our rationalization plans are expected to be $16.0 million and $20.7 million, respectively. Remaining expenses for the accretion of interest for the withdrawal liability related to the Central States Pension Plan are expected to average approximately $0.8 million per year and be recognized annually through 2040, and remaining cash expenditures for the withdrawal liability related to the Central States Pension Plan are expected to be approximately $2.6 million annually through 2040.

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SILGAN HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at September 30, 2025 and 2024 and for thethree and nine months then ended is unaudited)

Note 4.               Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is reported in our Condensed Consolidated Statements of Stockholders’ Equity.  Amounts included in accumulated other comprehensive loss, net of tax, were as follows: Unrecognized NetDefined BenefitPlan CostsChange in FairValue ofDerivativesForeignCurrencyTranslationTotal (Dollars in thousands)Balance at December 31, 2024