Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 29

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 29
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arged to expense(1,657)1,205 74,533 74,081 Utilized and currency translation(7,792)(1,203)(74,533)(83,528)Balance at December 31, 202231,641 159 — 31,800 Charged to expense12,314 6,175 (10,077)8,412 Utilized and currency translation(10,400)(5,869)10,077 (6,192)Balance at December 31, 202333,555 465 — 34,020 Charged to expense8,972 20,607 29,902 59,481 Utilized and currency translation(13,209)(21,072)(29,902)(64,183)Balance at December 31, 2024$29,318 $— $— $29,318 Non-cash asset write-downs were the result of comparing the carrying value of certain production related equipment to their fair value using estimated future discounted cash flows, a Level 3 fair value measurement (see Note 10 for information regarding a Level 3 fair value measurement). Non-cash asset write-downs for the year ended December 31, 2023 were net of recovered losses of $17.7 million discussed above.    

Rationalization reserves as of December 31, 2024 and 2023 were recorded in our Consolidated Balance Sheets as accrued liabilities of $3.8 million and $7.3 million, respectively, and as other liabilities of $25.5 million and $26.7 million, respectively. Excluding the impact of our withdrawal from the Central States Pension Plan discussed above, remaining expenses and cash expenditures for our rationalization plans are expected to be $8.1 million and $10.9 million, respectively.  

F-14

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

NOTE 5. ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss is reported in our 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 January