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

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 25
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 disposed of or transferred during the vesting period.

F-10

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

NOTE 2. REVENUE 

    The following tables present our revenues disaggregated by reportable segment and geography as they best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.    Revenues by segment were as follows:202420232022 (Dollars in thousands)Dispensing and Specialty Closures$2,304,370 $2,221,430 $2,316,690 Metal Containers2,900,678 3,140,830 3,371,776 Custom Containers649,646 625,945 723,033  $5,854,694 $5,988,205 $6,411,499     Revenues by geography were as follows:202420232022 (Dollars in thousands)North America$4,399,422 $4,582,356 $4,958,103 Europe and other1,455,272 1,405,849 1,453,396  $5,854,694 $5,988,205 $6,411,499     Our contracts generally include standard commercial payment terms generally acceptable in each region. We do not provide financing with extended payment terms beyond generally standard commercial payment terms for the applicable industry. We have no significant obligations for refunds, warranties or similar obligations. 

    Trade accounts receivable, net are shown separately on our Consolidated Balance Sheets. Contract assets are the result of the timing of revenue recognition, billings and cash collections. Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $115.6 million and $100.0 million as of December 31, 2024 and 2023, respectively. Unbilled receivables are included in trade accounts receivable, net on our Consolidated Balance Sheets. 

F-11

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

NOTE 3. ACQUISITION

WEENER PLASTICS HOLDING B.V. ACQUISITIONOn October 15, 2024,