Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 11

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 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 Notes— 702,000 673,075 4⅛% Senior Notes600,000 600,000