Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 55

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 55
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 obligation for all pension benefit plans at December 31, 2024 and 2023 was $639.7 million and $685.5 million, respectively. Pension plans with accumulated benefit obligations in excess of plan assets at December 31, 2024 and 2023 consisted entirely of our international pension benefit plans which are not funded. The accumulated benefit obligation for our international pension benefit plans was $86.5 million and $91.8 million at December 31, 2024 and 2023, respectively.The benefits expected to be paid from our pension and other postretirement benefit plans, which reflect future years of service, are as follows (dollars in thousands):PensionBenefitsOtherPostretirementBenefits2025$49,440 $1,300 202650,231 1,262 202750,913 1,130 202851,353 1,083 202951,510 1,026 2029-2033256,087 4,546 $509,534 $10,347 Our principal domestic pension and other postretirement benefit plans used the following weighted average actuarial assumptions to determine the benefit obligations at December 31:20242023Discount rate5.7 %5.3 %Expected return on plan assets5.5 %5.5 %Rate of compensation increase2.4 %2.4 %Health care cost trend rate:Assumed for next year5.0 %5.0 %Ultimate rate4.0 %4.0 %Year that the ultimate rate is reached20432043

F-30

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

Our expected return on plan assets is determined by current and expected asset allocation of plan assets, estimates of future long-term returns on those types of plan assets and historical long-term investment performance.Our international pension benefit plans used a discount rate of 3.6 percent as of each of December 31, 2024 and 2023, and a rate of compensation increase of 4.1 percent and 3.9 percent to determine the benefit obligation as of December 31, 2024 and 2023, respectively.The components of the net periodic benefit cost (credit) for each of the years ended December 31 were as follows: Pension BenefitsOther Postretirement Benefits