Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 32

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 32
---
ollars in thousands)Raw materials$450,389 $465,375 Work-in-process199,030 219,462 Finished goods530,406 556,737 Other17,192 16,616 1,197,017 1,258,190 Adjustment to value inventory at cost on the LIFO method(268,961)(317,382)$928,056 $940,808 

Inventories include $264.7 million and $276.3 million recorded on the FIFO method at December 31, 2024 and 2023, respectively, and $195.5 million and $158.7 million recorded on the average cost method at December 31, 2024 and 2023, respectively.  

NOTE 7. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net at December 31 was as follows:20242023 (Dollars in thousands)Land$96,965 $82,760 Buildings and improvements650,587 611,691 Machinery and equipment4,122,498 3,788,029 Construction in progress281,086 255,609 5,151,136 4,738,089 Accumulated depreciation(2,868,233)(2,776,504)$2,282,903 $1,961,585  

Depreciation expense in 2024, 2023 and 2022 was $223.3 million, $210.1 million and $210.2 million, respectively. 

F-16

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

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Changes in the carrying amount of goodwill were as follows:Dispensing and Specialty ClosuresMetalContainersCustomContainersTotal (Dollars in thousands)Balance at December 31, 2022$1,640,066 $118,574 $226,312 $1,984,952 Currency translation30,906 1,925 458 33,289 Balance at December 31, 20231,670,972 120,499 226,770 2,018,241 Acquisition379,649 — — 379,649 Currency translation(76,