Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 70

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 70
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 INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

Financial information relating to our operations by geographic area is as follows:202420232022 (Dollars in thousands)Net sales:United States$4,159,904 $4,377,928 $4,805,266 Foreign:Europe1,241,806 1,201,534 1,299,616 Other452,984 408,743 306,617 Total net sales fromforeign operations1,694,790 1,610,277 1,606,233 Total net sales$5,854,694 $5,988,205 $6,411,499 Long-lived assets:United States$1,245,639 $1,258,531 Foreign:Europe774,099 540,254 Other263,165 162,800 Total long-lived assets atforeign operations1,037,264 703,054 Total long-lived assets$2,282,903 $1,961,585 Net sales are attributed to the country from which the product was manufactured and shipped.Sales of our metal containers segment to Nestlé S.A. accounted for 11.6 percent, 11.2 percent and 11.4 percent of our consolidated net sales in 2024, 2023 and 2022, respectively.Sales and adjusted EBIT of our metal containers segment and of part of our dispensing and specialty closures segment are dependent, in part, upon the vegetable and fruit harvests in the United States and, to a lesser extent, in a variety of national growing regions in Europe. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual adjusted EBIT during that quarter.

F-43

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTSSILGAN HOLDINGS INC.For the years ended December 31, 2024, 2023 and 2022(Dollars in thousands)   AdditionsOther ChangesIncrease (Decrease) DescriptionBalance atbeginningof periodCharged tocosts andexpensesChargedto otheraccountsCumulativetranslationadjustment