Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 56

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 56
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202420232022202420232022 (Dollars in thousands)Service cost$8,415 $8,573 $12,603 $27 $50 $78 Interest cost33,868 34,725 20,579 644 745 413 Expected return on plan assets(43,085)(40,781)(69,132)— — — Amortization of prior service cost(credit)90 97 222 (20)(948)(1,668)Amortization of actuarial losses(gains)7,917 11,638 4,635 (361)(617)(298)Special termination benefits— 577 — — — — Curtailment gain(244)— — — (1,103)— Net periodic benefit cost (credit)$6,961 $14,829 $(31,093)$290 $(1,873)$(1,475)Our principal domestic pension and other postretirement benefit plans used the following weighted average actuarial assumptions to determine net periodic benefit cost (credit) for the years ended December 31: 202420232022Discount rate5.3 %5.6 %2.9 %Expected return on plan assets5.5 %5.5 %6.9 %Rate of compensation increase2.4 %2.4 %2.4 %Health care cost trend rate5.0 %5.0 %4.7 %Our international pension benefit plans used a discount rate of 3.6 percent, 4.2 percent and 1.4 percent for the years ended December 31, 2024, 2023 and 2022, respectively, and a rate of compensation increase of 4.1 percent, 3.9 percent and 3.8 percent to determine net periodic benefit cost (credit) for the years ended December 31, 2024, 2023 and 2022, respectively.MULTIEMPLOYER PENSION PLANSIn 2024, we participated in two multiemployer pension plans which provide defined benefits to certain of our union employees. The aggregate amount contributed to these plans and charged to pension cost in 2024, 2023 and 2022 was $3.2 million, $3.6 million and $3.6 million, respectively. In the third quarter of 202