Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 23

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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, 2025 were not significant.

Other comprehensive loss before reclassifications related to foreign currency translation for the three months ended March 31, 2025 consisted of (i) foreign currency gains related to translation of quarter end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. dollar of $79.7 million, (ii) foreign currency gains related to intra-entity foreign currency transactions that are of a long-term investment nature of $0.2 million, and (iii) foreign currency (losses) related to our net investment hedges of $(45.0) million, excluding income tax benefits of $10.6 million. See Note 7 for further discussion. 

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SILGAN HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at March 31, 2025 and 2024 and for thethree months then ended is unaudited)

Note 5.               Inventories

Inventories consisted of the following: March 31, 2025March 31, 2024Dec. 31, 2024 (Dollars in thousands)Raw materials$440,846 $395,261 $450,389 Work-in-process214,285 209,296 199,030 Finished goods651,648 652,724 530,406 Other17,463 17,341 17,192  1,324,242 1,274,622 1,197,017 Adjustment to value inventory at cost on the LIFO method(268,961)(317,382)(268,961) $1,055,281 $957,240 $928,056 

Note 6.               Long-Term Debt

Long-term debt consisted of the following: March 31, 2025March 31, 2024Dec. 31, 2024 (Dollars in thousands)Bank debt   Bank revolving loans$1,082,007 $580,000 $— U.S. term loans850,000 850,000 850,000 Euro term loans972,180 — 931,950 Other foreign bank revolving and term loans55,238 57,435 35,725 Total bank debt2,959,425 1,487,435 1,817,675 3¼% Senior