SILGAN HOLDINGS INC, 10-Q filed on 5/6/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
Apr. 30, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-41459  
Entity Registrant Name SILGAN HOLDINGS INC  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 06-1269834  
Entity Address, Address Line One 601 Merritt 7  
Entity Address, City or Town Norwalk,  
Entity Address, State or Province CT  
Entity Address, Postal Zip Code 06851  
City Area Code 203  
Local Phone Number 975-7110  
Title of 12(b) Security Common Stock, par value $0.01 per share  
Trading Symbol SLGN  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   105,679,758
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0000849869  
Current Fiscal Year End Date --12-31  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current assets:      
Cash and cash equivalents $ 435,429 $ 1,080,659 $ 353,030
Trade accounts receivable, net 1,158,680 589,400 1,012,790
Inventories 1,128,749 1,080,134 1,055,281
Prepaid expenses and other current assets 243,910 241,725 176,369
Total current assets 2,966,768 2,991,918 2,597,470
Property, plant and equipment, net 2,355,014 2,378,331 2,302,690
Goodwill 2,465,017 2,486,678 2,373,376
Other intangible assets, net 878,969 900,083 889,865
Other assets, net 656,511 640,073 604,574
Assets, total 9,322,279 9,397,083 8,767,975
Current liabilities:      
Revolving loans and current portion of long-term debt 988,323 631,632 1,145,091
Trade accounts payable 817,034 1,251,889 736,823
Accrued payroll and related costs 120,506 121,168 119,477
Accrued liabilities 431,920 447,180 283,940
Total current liabilities 2,357,783 2,451,869 2,285,331
Long-term debt 3,672,124 3,715,216 3,483,472
Deferred income taxes 515,999 501,768 486,824
Other liabilities 455,776 453,929 429,004
Stockholders’ equity:      
Common stock 1,751 1,751 1,751
Paid-in capital 389,325 384,847 371,207
Retained earnings 3,645,564 3,605,043 3,448,952
Accumulated other comprehensive loss (206,209) (213,556) (303,386)
Treasury stock (1,509,834) (1,503,784) (1,435,180)
Total stockholders’ equity 2,320,597 2,274,301 2,083,344
Liabilities and equity $ 9,322,279 $ 9,397,083 $ 8,767,975
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net sales $ 1,561,258 $ 1,466,661
Cost of goods sold 1,295,481 1,196,258
Gross profit 265,777 270,403
Selling, general and administrative expenses 131,175 129,087
Rationalization charges 9,047 10,959
Other pension and postretirement (income) (1,040) (187)
Income before interest and income taxes 126,595 130,544
Interest and other debt expense before loss on early extinguishment of debt 41,432 42,928
Loss on early extinguishment of debt 1,017 0
Interest and other debt expense 42,449 42,928
Income before income taxes 84,146 87,616
Provision for income taxes 22,305 20,816
Income before equity in earnings of affiliates 61,841 66,800
Equity in earnings of affiliates, net of tax 1,198 1,162
Net income $ 63,039 $ 67,962
Earnings per share:    
Basic net income per share (in usd per share) $ 0.60 $ 0.64
Diluted net income per share (in usd per share) $ 0.60 $ 0.63
Weighted average number of shares:    
Basic (in shares) 105,590 106,915
Effect of dilutive securities (in shares) 266 420
Diluted (in shares) 105,856 107,335
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 63,039 $ 67,962
Other comprehensive income (loss), net of tax:    
Changes in net prior service credit and actuarial losses 1,336 1,400
Change in fair value of derivatives 7,564 3,071
Foreign currency translation (1,553) 45,500
Other comprehensive income 7,347 49,971
Comprehensive income $ 70,386 $ 117,933
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities:    
Net income $ 63,039 $ 67,962
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 84,932 79,363
Amortization of debt discount and debt issuance costs 1,634 1,413
Rationalization charges 9,047 10,959
Stock compensation expense 5,699 4,380
Loss on early extinguishment of debt 1,017 0
Other changes that provided (used) cash:    
Trade accounts receivable, net (575,596) (404,478)
Inventories (54,023) (115,166)
Trade accounts payable (313,941) (281,591)
Accrued liabilities (17,839) (33,346)
Other, net (3,542) (12,897)
Net cash (used in) operating activities (799,573) (683,401)
Cash flows provided by (used in) investing activities:    
Capital expenditures (82,444) (82,924)
Proceeds from asset sales 2,067 52
Other, net 396 400
Net cash (used in) investing activities (79,981) (82,472)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 1,069,325 1,110,508
Repayments under revolving loans (162,528) (6,107)
Repayment of principal amounts under finance leases (1,181) (1,348)
Repayments of long-term debt (542,500) (706,274)
Changes in outstanding checks - principally vendors (97,369) (84,971)
Dividends paid on common stock (22,849) (21,939)
Debt issuance costs (1,260) 0
Repurchase of common stock (7,844) (6,873)
Net cash provided by financing activities 233,794 282,996
Effect of exchange rate changes on cash and cash equivalents 530 13,053
Cash and cash equivalents:    
Net (decrease) (645,230) (469,824)
Balance at beginning of year 1,080,659 822,854
Balance at end of period 435,429 353,030
Interest paid, net 52,308 50,594
Income taxes paid, net $ 7,881 $ 12,175
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Beginning balance (in shares) at Dec. 31, 2024   106,795        
Beginning balance at Dec. 31, 2024   $ 1,751 $ 367,871 $ 3,402,667 $ (353,357) $ (1,429,351)
Increase (Decrease) in Stockholders' Equity            
Net issuance of treasury stock for vested restricted stock units (in shares)   198        
Stock compensation expense     4,380      
Net issuance of treasury stock for vested restricted stock units     (1,044)     (5,829)
Net income $ 67,962     67,962    
Dividends declared on common stock       (21,677)    
Other comprehensive income         49,971  
Ending balance (in shares) at Mar. 31, 2025   106,993        
Ending balance at Mar. 31, 2025 $ 2,083,344 $ 1,751 371,207 3,448,952 (303,386) (1,435,180)
Increase (Decrease) in Stockholders' Equity            
Dividends declared on common stock per share (usd per share) $ 0.20          
Beginning balance (in shares) at Dec. 31, 2025   105,442        
Beginning balance at Dec. 31, 2025 $ 2,274,301 $ 1,751 384,847 3,605,043 (213,556) (1,503,784)
Increase (Decrease) in Stockholders' Equity            
Net issuance of treasury stock for vested restricted stock units (in shares)   238        
Stock compensation expense     5,699      
Net issuance of treasury stock for vested restricted stock units     (1,221)     (6,050)
Net income 63,039     63,039    
Dividends declared on common stock       (22,518)    
Other comprehensive income         7,347  
Ending balance (in shares) at Mar. 31, 2026   105,680        
Ending balance at Mar. 31, 2026 $ 2,320,597 $ 1,751 $ 389,325 $ 3,645,564 $ (206,209) $ (1,509,834)
Increase (Decrease) in Stockholders' Equity            
Dividends declared on common stock per share (usd per share) $ 0.21          
v3.26.1
Significant Accounting Policies
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Significant Accounting Policies Significant Accounting Policies
Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year.

The Condensed Consolidated Balance Sheet at December 31, 2025 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements.

You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2025.
v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue 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 for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
Dispensing and Specialty Closures$685,322 $671,103 
Metal Containers724,870 628,427 
Custom Containers151,066 167,131 
$1,561,258 $1,466,661 

Revenues by geography for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
North America$1,083,636 $1,017,570 
Europe and other477,622 449,091 
$1,561,258 $1,466,661 

Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $114.0 million, $115.3 million, and $112.5 million as of March 31, 2026 and 2025 and December 31, 2025, respectively. Unbilled receivables are included in trade accounts receivable, net on our Condensed Consolidated Balance Sheets. We have entered into various supply chain financing, or SCF, arrangements with financial institutions pursuant to which we sell receivables of certain customers to such financial institutions without recourse and accelerate payment in respect of such receivables sooner than provided in the applicable supply agreements with such customers. Receivables sold under these arrangements totaled $216.1 million and $225.7 million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
Rationalization Charges
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Rationalization Charges Rationalization Charges
We continually evaluate cost reduction opportunities across each of our segments, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns. Rationalization charges by segment for the three months ended March 31 were as follows:
20262025
 (Dollars in thousands)
Dispensing and Specialty Closures$2,482 $4,371 
Metal Containers5,733 4,932 
Custom Containers832 1,656 
 $9,047 $10,959 

Activity in reserves for our rationalization plans were as follows:
Employee
Severance
and Benefits		Plant
Exit
Costs		Non-Cash
Asset
Write-Downs		Total
 (Dollars in thousands)
Balance at December 31, 2025
$44,962 $192 $— $45,154 
Charged to expense3,660 3,380 2,007 9,047 
Utilized and currency translation(3,612)(3,572)(2,007)(9,191)
Balance at March 31, 2026
$45,010 $— $— $45,010 

Non-cash asset write-downs were the result of comparing the carrying value of certain facilities and production related equipment to their fair value using estimated future discounted cash flows, a Level 3 fair value measurement (see Note 7 for information regarding a Level 3 fair value measurement).

Rationalization reserves as of March 31, 2026 were recorded in our Condensed Consolidated Balance Sheet as accrued liabilities of $21.0 million and other liabilities of $24.0 million. Excluding the impact of our withdrawal from the Central States, Southeast and Southwest Areas Pension Plan, or the Central States Pension Plan, in 2019, remaining expenses and cash expenditures for our rationalization plans are expected to be $18.1 million and $38.1 million, respectively. Remaining expenses for the accretion of interest for the withdrawal liability related to the Central States Pension Plan are expected to average approximately $0.7 million per year and be recognized annually through 2040, and remaining cash expenditures for the withdrawal liability related to the Central States Pension Plan are expected to be approximately $2.6 million annually through 2040.
v3.26.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss is reported in our Condensed Consolidated Statements of Stockholders’ Equity.  Amounts included in accumulated other comprehensive loss, net of tax, were as follows:
 
Unrecognized Net
Defined Benefit
Plan Costs		Change in Fair
Value of
Derivatives		Foreign
Currency
Translation		Total
 (Dollars in thousands)
Balance at December 31, 2025
$(116,840)$(966)$(95,750)$(213,556)
Other comprehensive income before reclassifications— 7,120 (1,553)5,567 
Amounts reclassified from accumulated other
    comprehensive loss
1,336 444 — 1,780 
 Other comprehensive income1,336 7,564 (1,553)7,347 
Balance at March 31, 2026
$(115,504)$6,598 $(97,303)$(206,209)
 
The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three months ended March 31, 2026 were net (losses) of $(1.6) million, excluding income tax benefits of $0.3 million. For the three months ended March 31, 2026, these net (losses) consisted primarily of amortization of net actuarial (losses) of $(1.6) million. Amortization of net actuarial losses and net prior service cost was recorded in other pension and postretirement income in our Condensed Consolidated Statements of Income. See Note 10 for further information.

The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three months ended March 31, 2026 were not significant.
Other comprehensive income before reclassifications related to foreign currency translation for the three months ended March 31, 2026 consisted of (i) foreign currency (losses) related to translation of quarter end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. dollar of $(25.2) million and (ii) foreign currency gains related to our net investment hedges of $31.3 million, excluding an income tax provision of $(7.6) million. See Note 7 for further discussion.
v3.26.1
Inventories
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following: 
March 31, 2026March 31, 2025Dec. 31, 2025
 (Dollars in thousands)
Raw materials$483,443 $440,846 $586,296 
Work-in-process259,725 214,285 204,882 
Finished goods691,396 651,648 595,089 
Other17,179 17,463 16,861 
 1,451,743 1,324,242 1,403,128 
Adjustment to value inventory at cost on the LIFO method(322,994)(268,961)(322,994)
 $1,128,749 $1,055,281 $1,080,134 
v3.26.1
Long-Term Debt
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following: 
March 31, 2026March 31, 2025Dec. 31, 2025
 (Dollars in thousands)
Bank debt   
Bank revolving loans$894,685 $1,082,007 $— 
U.S. term loans799,000 850,000 841,500 
Euro term loans1,026,610 972,180 1,046,390 
Other foreign bank revolving and term loans51,510 55,238 46,165 
Total bank debt2,771,805 2,959,425 1,934,055 
4⅛% Senior Notes600,000 600,000 600,000 
2¼% Senior Notes576,100 540,100 587,200 
4¼% Senior Notes691,320 — 704,640 
1.4% Senior Secured Notes
— 500,000 500,000 
Finance leases37,554 41,228 38,783 
Total debt - principal4,676,779 4,640,753 4,364,678 
Less unamortized debt issuance costs and debt discount16,332 12,190 17,830 
Total debt4,660,447 4,628,563 4,346,848 
Less current portion988,323 1,145,091 631,632 
 $3,672,124 $3,483,472 $3,715,216 

At March 31, 2026, the current portion of long-term debt consisted of $405.0 million of U.S. revolving loans, $489.7 million of Euro revolving loans and $51.8 million of Euro term loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $38.3 million of other foreign bank revolving and term loans and $3.5 million of finance leases.

On February 3, 2026, we prepaid $42.5 million principal amount of outstanding U.S. term loans under the Credit Agreement with cash on hand.

On March 6, 2026, we entered into the Sixth Amendment to Amended and Restated Credit Agreement, or the Sixth Amendment, with the lenders party to the Credit Agreement and Wells Fargo Bank, National Association, as administrative agent. The Sixth Amendment amended the Credit Agreement to improve the interest rate margin grid for term loans and eliminate the credit spread adjustments effective March 6, 2026 for Term SOFR Loans, Daily Simple RFR Loans and Term CORRA Loans (each as defined in the Credit Agreement). Effective with the Sixth Amendment, the margin for term loans maintained as Eurocurrency Rate Loans and RFR Loans (each as defined in the Credit Agreement) was 1.25 percent, and the margin for term loans maintained as Base Rate Loans (as defined in the Credit Agreement) was 0.25 percent. In accordance with the Sixth Amendment, the margin for term loans and revolving loans will be reset quarterly after March 31, 2026 based upon our Total Net Leverage Ratio (as defined in the Credit Agreement) as provided in the Credit Agreement. The range for the applicable margin for term loans will be 0.00 percent to 0.50 percent for Base Rate Loans and 1.00 percent to 1.50 percent for Eurocurrency Rate Loans and RFR Loans.

On March 31, 2026, we repaid all $500.0 million aggregate principal amount of our outstanding 1.4% Senior Secured Notes due 2026, or the 1.4% Notes, at 100 percent of their principal amount plus accrued and unpaid interest to the repayment date. We funded this repayment with revolving loan borrowings under the Credit Agreement and cash on hand. As a result of such redemption and satisfaction and discharge of the indenture for the 1.4% Notes (including the discharge of the guarantees therein of the 1.4% Notes by our U.S. subsidiaries that also guarantee our obligations under the Credit Agreement), the guarantees of the 4⅛% Senior Notes, the 2¼% Senior Notes and the 4¼% Senior Notes by our U.S. subsidiaries that also guarantee our obligations under the Credit Agreement were automatically released and discharged on March 31, 2026.
v3.26.1
Financial Instruments
 3 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Financial Instruments Financial Instruments
The financial instruments recorded in our Condensed Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, trade accounts payable, debt obligations and swap agreements. Due to their short-term maturity, the carrying amounts of trade accounts receivable and trade accounts payable approximate their fair market values. The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at March 31, 2026:

Carrying
Amount		Fair
Value
 (Dollars in thousands)
Assets:  
Cash and cash equivalents$435,429 $435,429 
Liabilities:  
Bank debt$2,771,805 $2,771,805 
4⅛% Senior Notes599,729 586,686 
2¼% Senior Notes576,100 554,715 
4¼% Senior Notes691,320 671,569 

Fair Value Measurements

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). GAAP classifies the inputs used to measure fair value into a hierarchy consisting of three levels. Level 1 inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs represent unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs represent unobservable inputs for the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Financial Instruments Measured at Fair Value

The financial assets and liabilities that were measured on a recurring basis at March 31, 2026 consisted of our cash and cash equivalents and derivative instruments. We measured the fair value of cash and cash equivalents using Level 1 inputs. We measured the fair value of our derivative instruments using the income approach. The fair value of our derivative instruments reflects the estimated amounts that we would pay or receive based on the present value of the expected cash flows derived from market interest rates and prices. As such, these derivative instruments were classified within Level 2.

Financial Instruments Not Measured at Fair Value

Our bank debt, 4⅛% Senior Notes, 2¼% Senior Notes and 4¼% Senior Notes were recorded at historical amounts in our Condensed Consolidated Balance Sheets, as we have not elected to measure them at fair value. We measured the fair value of our variable rate bank debt using the market approach based on Level 2 inputs. Fair values of the 4⅛% Senior Notes, 2¼% Senior Notes and 4¼% Senior Notes were estimated based on quoted market prices, a Level 1 input.
Derivative Instruments and Hedging Activities

Our derivative financial instruments were recorded in the Condensed Consolidated Balance Sheets at their fair values. Changes in fair values of derivatives are recorded in each period in earnings or comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction.

We utilize certain derivative financial instruments to manage a portion of our interest rate and natural gas cost exposures. We generally limit our use of derivative financial instruments to interest rate and natural gas swap agreements. We do not engage in trading or other speculative uses of these financial instruments. For a financial instrument to qualify as a hedge, we must be exposed to interest rate or price risk, and the financial instrument must reduce the exposure and be designated as a hedge. Financial instruments qualifying for hedge accounting must maintain a high correlation between the hedging instrument and the item being hedged, both at inception and throughout the hedged period.

We also utilize certain internal hedging strategies to minimize our foreign currency exchange rate risk. Net investment hedges that qualify for hedge accounting result in the recognition of foreign currency gains or losses, net of tax, in accumulated other comprehensive loss. 

Interest Rate Swap Agreements

As of March 31, 2026 and December 31, 2025, we had outstanding $300 million aggregate notional principal amount of U.S. dollar interest rate swap agreements with a weighted average fixed rate of 3.90 percent and €685.0 million aggregate notional principal amount of Euro interest rate swap agreements with a weighted average fixed rate of 2.43 percent. These agreements were entered into with financial institutions which are expected to fully perform under the terms thereof. The difference between amounts to be paid or received on our interest rate swap agreements is recorded in interest and other debt expense in our Condensed Consolidated Statements of Income and was not significant for the three months ended March 31, 2026. The total fair value of our interest rate swaps agreements in effect at March 31, 2026 was not significant.

Natural Gas Swap Agreements

We have entered into natural gas swap agreements to manage a portion of our exposure to fluctuations in natural gas prices. The difference between amounts to be paid or received on our natural gas swap agreements is recorded in cost of goods sold in our Condensed Consolidated Statements of Income and was not significant for the three months ended March 31, 2026. These agreements are with a financial institution which is expected to fully perform under the terms thereof. The total fair value of our natural gas swap agreements in effect at March 31, 2026 was not significant.

Foreign Currency Exchange Rate Risk

In an effort to minimize our foreign currency exchange rate risk, we have financed acquisitions of foreign operations primarily with borrowings denominated in Euros. In addition, where available, we have borrowed funds in local currency or implemented certain internal hedging strategies to minimize our foreign currency exchange rate risk related to foreign operations, including net investment hedges related to the Euro term loans under the Credit Agreement which are Euro denominated. Foreign currency gains related to our net investment hedges included in accumulated other comprehensive loss for the three months ended March 31, 2026 were $31.3 million.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
We are a party to other legal proceedings, contract disputes and claims arising in the ordinary course of our business. We are not a party to, and none of our properties are subject to, any pending legal proceedings which could have a material adverse effect on our business or financial condition.
v3.26.1
Supply Chain Finance Program
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Supply Chain Finance Program Supply Chain Finance Program
We have a supply chain finance (“SCF”) program with a major global financial institution. Under this SCF program, a qualifying supplier may elect, but is not obligated, to sell its receivables from us to such financial institution. Once a qualifying supplier elects to participate in this SCF program, all of our payments to the participating supplier are paid to such financial institution in this SCF program on the invoice due date under our agreement with such supplier, regardless of whether the individual invoice was sold by the supplier to such financial institution. We may terminate our agreement with the financial institution upon at least 30 days’ notice, and the financial institution may terminate our agreement upon at least 10 days’ notice. Additionally, suppliers who elect to participate in this SCF program may terminate their participation upon at least 30 days’ notice. The suppliers' invoices sold under this SCF program can be outstanding up to 210 days from the invoice date. Suppliers’ invoices included in this SCF program were $357.6 million, $262.9 million and $438.5 million at March 31, 2026 and 2025 and December 31, 2025, respectively, and were included in accounts payable in our Condensed Consolidated Balance Sheets.
v3.26.1
Retirement Benefits
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Retirement Benefits Retirement Benefits
The components of the net periodic pension benefit cost for the three months ended March 31 were as follows:
20262025
 (Dollars in thousands)
Service cost$1,582 $1,944 
Interest cost7,681 8,119 
Expected return on plan assets(10,409)(10,257)
Amortization of prior service (credit) cost (13)8 
Amortization of actuarial losses1,782 1,893 
Net periodic benefit cost $623 $1,707 
 
The components of the net periodic other postretirement benefit (credit) cost for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
Service cost$3 $4 
Interest cost92 151 
Amortization of prior service credit(16)(15)
Amortization of actuarial gains(157)(86)
Net periodic benefit (credit) cost $(78)$54 
v3.26.1
Income Taxes
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesSilgan and its subsidiaries file U.S. Federal income tax returns, as well as income tax returns in various states and foreign jurisdictions. We expect the Internal Revenue Service, or IRS, will complete its review of the 2024 tax year with no change to our filed federal income tax return. We have been accepted into the Compliance Assurance Process program for the 2025 and 2026 tax years which provides for the review by the IRS of tax matters relating to our tax return prior to filing.
v3.26.1
Treasury Stock
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Treasury Stock Treasury Stock
On November 5, 2025, our Board of Directors authorized the repurchase by us of up to an aggregate of $500.0 million of our common stock by various means from time to time through and including December 31, 2029. We did not repurchase any shares of our common stock pursuant to this authorization during the three months ended March 31, 2026. At March 31, 2026, we had $500.0 million remaining under this authorization for the repurchase of our common stock.

During the first three months of 2026, we issued 390,639 treasury shares which had an average cost of $3.13 per share for restricted stock units that vested during the period that had been previously issued under our stock-based compensation plans. In accordance with the applicable agreements for such restricted stock units, we repurchased 152,852 shares of our common stock at an average cost of $47.57 to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units.

We account for treasury shares using the first-in, first-out (FIFO) cost method. As of March 31, 2026, 69,432,738 shares of our common stock were held in treasury.
v3.26.1
Stock-Based Compensation
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
We currently have one stock-based compensation plan in effect under which we have issued restricted stock units to our officers, other key employees and outside directors. During the first three months of 2026, 777,600 restricted stock units were granted to certain of our officers and other key employees. The fair value of these restricted stock units at the grant date was $37.0 million, which is being amortized ratably over the respective vesting period from the grant date.
v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Our chief operating decision maker, who is our Chief Executive Officer and President, evaluates performance of our business segments and allocates resources based on the adjusted EBIT of our business segments. Adjusted EBIT is not a defined term under GAAP. We define adjusted EBIT as income before interest and income taxes excluding acquired intangible asset amortization expense, other pension (income) expense for U.S. pension plans and closed facilities, rationalization charges and costs attributed to announced acquisitions and including, as applicable, equity in earnings of affiliates, net of tax. Adjusted EBIT should not be considered in isolation or as a substitute for income before interest and income taxes or any other financial data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies.

Reportable segment information was as follows:
Dispensing and Specialty ClosuresMetal
Containers		Custom
Containers		CorporateTotal
 (Dollars in thousands)
Three months ended March 31, 2026     
Net sales$685,322 $724,870 $151,066 $— $1,561,258 
Segment expenses and other (a)
590,447 675,045 129,348 15,667 1,410,507 
Equity in earnings of affiliates, net of tax 1,198 — — — 1,198 
Adjusted EBIT96,073 49,825 21,718 (15,667)151,949 
Depreciation40,668 19,991 8,039 118 68,816 
Segment assets5,756,062 2,665,140 759,653 62,420 9,243,275 
Capital expenditures48,486 29,110 4,848 — 82,444 
Three months ended March 31, 2025     
Net sales$671,103 $628,427 $167,131 $— $1,466,661 
Segment expenses and other (a)
573,062 578,871 142,547 15,073 1,309,553 
Equity in earnings of affiliates, net of tax1,162 — — — 1,162 
Adjusted EBIT99,203 49,556 24,584 (15,073)158,270 
Depreciation35,855 19,285 8,764 46 63,950 
Segment assets5,566,505 2,352,480 782,577 37,677 8,739,239 
Capital expenditures43,434 31,243 7,839 408 82,924 
(a)    Segment expenses and other includes cost of goods sold, selling, general and administrative expenses, and other pension and postretirement (income) expense and excludes acquired intangible asset amortization expense, other pension (income) expense only for U.S. pension plans and closed facilities, and costs attributed to announced acquisitions.
Total adjusted EBIT is reconciled to income before income taxes for the three months ended March 31 as follows:
20262025
 (Dollars in thousands)
Total adjusted EBIT $151,949 $158,270 
Less:
Acquired intangible asset amortization expense16,116 15,413 
Other pension (income) for U.S. pension plans and closed facilities(1,007)(925)
Equity in earnings of affiliates, net of tax1,198 1,162 
Rationalization charges9,047 10,959 
Costs attributed to announced acquisitions— 1,117 
Income before interest and income taxes126,595 130,544 
Interest and other debt expense42,449 42,928 
Income before income taxes$84,146 $87,616 

Net 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.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year.

The Condensed Consolidated Balance Sheet at December 31, 2025 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements.

You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2025.
v3.26.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenues by segment for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
Dispensing and Specialty Closures$685,322 $671,103 
Metal Containers724,870 628,427 
Custom Containers151,066 167,131 
$1,561,258 $1,466,661 

Revenues by geography for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
North America$1,083,636 $1,017,570 
Europe and other477,622 449,091 
$1,561,258 $1,466,661 
v3.26.1
Rationalization Charges (Tables)
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Rationalization Plan Reserves Rationalization charges by segment for the three months ended March 31 were as follows:
20262025
 (Dollars in thousands)
Dispensing and Specialty Closures$2,482 $4,371 
Metal Containers5,733 4,932 
Custom Containers832 1,656 
 $9,047 $10,959 

Activity in reserves for our rationalization plans were as follows:
Employee
Severance
and Benefits		Plant
Exit
Costs		Non-Cash
Asset
Write-Downs		Total
 (Dollars in thousands)
Balance at December 31, 2025
$44,962 $192 $— $45,154 
Charged to expense3,660 3,380 2,007 9,047 
Utilized and currency translation(3,612)(3,572)(2,007)(9,191)
Balance at March 31, 2026
$45,010 $— $— $45,010 
v3.26.1
Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax Amounts included in accumulated other comprehensive loss, net of tax, were as follows:
 
Unrecognized Net
Defined Benefit
Plan Costs		Change in Fair
Value of
Derivatives		Foreign
Currency
Translation		Total
 (Dollars in thousands)
Balance at December 31, 2025
$(116,840)$(966)$(95,750)$(213,556)
Other comprehensive income before reclassifications— 7,120 (1,553)5,567 
Amounts reclassified from accumulated other
    comprehensive loss
1,336 444 — 1,780 
 Other comprehensive income1,336 7,564 (1,553)7,347 
Balance at March 31, 2026
$(115,504)$6,598 $(97,303)$(206,209)
v3.26.1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following: 
March 31, 2026March 31, 2025Dec. 31, 2025
 (Dollars in thousands)
Raw materials$483,443 $440,846 $586,296 
Work-in-process259,725 214,285 204,882 
Finished goods691,396 651,648 595,089 
Other17,179 17,463 16,861 
 1,451,743 1,324,242 1,403,128 
Adjustment to value inventory at cost on the LIFO method(322,994)(268,961)(322,994)
 $1,128,749 $1,055,281 $1,080,134 
v3.26.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following: 
March 31, 2026March 31, 2025Dec. 31, 2025
 (Dollars in thousands)
Bank debt   
Bank revolving loans$894,685 $1,082,007 $— 
U.S. term loans799,000 850,000 841,500 
Euro term loans1,026,610 972,180 1,046,390 
Other foreign bank revolving and term loans51,510 55,238 46,165 
Total bank debt2,771,805 2,959,425 1,934,055 
4⅛% Senior Notes600,000 600,000 600,000 
2¼% Senior Notes576,100 540,100 587,200 
4¼% Senior Notes691,320 — 704,640 
1.4% Senior Secured Notes
— 500,000 500,000 
Finance leases37,554 41,228 38,783 
Total debt - principal4,676,779 4,640,753 4,364,678 
Less unamortized debt issuance costs and debt discount16,332 12,190 17,830 
Total debt4,660,447 4,628,563 4,346,848 
Less current portion988,323 1,145,091 631,632 
 $3,672,124 $3,483,472 $3,715,216 
v3.26.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Other Financial Instruments The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at March 31, 2026:
Carrying
Amount		Fair
Value
 (Dollars in thousands)
Assets:  
Cash and cash equivalents$435,429 $435,429 
Liabilities:  
Bank debt$2,771,805 $2,771,805 
4⅛% Senior Notes599,729 586,686 
2¼% Senior Notes576,100 554,715 
4¼% Senior Notes691,320 671,569 
v3.26.1
Retirement Benefits (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Cost (Credit)
The components of the net periodic pension benefit cost for the three months ended March 31 were as follows:
20262025
 (Dollars in thousands)
Service cost$1,582 $1,944 
Interest cost7,681 8,119 
Expected return on plan assets(10,409)(10,257)
Amortization of prior service (credit) cost (13)8 
Amortization of actuarial losses1,782 1,893 
Net periodic benefit cost $623 $1,707 
 
The components of the net periodic other postretirement benefit (credit) cost for the three months ended March 31 were as follows:
20262025
(Dollars in thousands)
Service cost$3 $4 
Interest cost92 151 
Amortization of prior service credit(16)(15)
Amortization of actuarial gains(157)(86)
Net periodic benefit (credit) cost $(78)$54 
v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Operating Segment Information
Reportable segment information was as follows:
Dispensing and Specialty ClosuresMetal
Containers		Custom
Containers		CorporateTotal
 (Dollars in thousands)
Three months ended March 31, 2026     
Net sales$685,322 $724,870 $151,066 $— $1,561,258 
Segment expenses and other (a)
590,447 675,045 129,348 15,667 1,410,507 
Equity in earnings of affiliates, net of tax 1,198 — — — 1,198 
Adjusted EBIT96,073 49,825 21,718 (15,667)151,949 
Depreciation40,668 19,991 8,039 118 68,816 
Segment assets5,756,062 2,665,140 759,653 62,420 9,243,275 
Capital expenditures48,486 29,110 4,848 — 82,444 
Three months ended March 31, 2025     
Net sales$671,103 $628,427 $167,131 $— $1,466,661 
Segment expenses and other (a)
573,062 578,871 142,547 15,073 1,309,553 
Equity in earnings of affiliates, net of tax1,162 — — — 1,162 
Adjusted EBIT99,203 49,556 24,584 (15,073)158,270 
Depreciation35,855 19,285 8,764 46 63,950 
Segment assets5,566,505 2,352,480 782,577 37,677 8,739,239 
Capital expenditures43,434 31,243 7,839 408 82,924 
(a)    Segment expenses and other includes cost of goods sold, selling, general and administrative expenses, and other pension and postretirement (income) expense and excludes acquired intangible asset amortization expense, other pension (income) expense only for U.S. pension plans and closed facilities, and costs attributed to announced acquisitions.
Schedule of Reconciliation of Adjusted EBIT to Income before Income Taxes
Total adjusted EBIT is reconciled to income before income taxes for the three months ended March 31 as follows:
20262025
 (Dollars in thousands)
Total adjusted EBIT $151,949 $158,270 
Less:
Acquired intangible asset amortization expense16,116 15,413 
Other pension (income) for U.S. pension plans and closed facilities(1,007)(925)
Equity in earnings of affiliates, net of tax1,198 1,162 
Rationalization charges9,047 10,959 
Costs attributed to announced acquisitions— 1,117 
Income before interest and income taxes126,595 130,544 
Interest and other debt expense42,449 42,928 
Income before income taxes$84,146 $87,616 
v3.26.1
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Net sales $ 1,561,258 $ 1,466,661
North America    
Segment Reporting Information [Line Items]    
Net sales 1,083,636 1,017,570
Europe and other    
Segment Reporting Information [Line Items]    
Net sales 477,622 449,091
Dispensing and Specialty Closures    
Segment Reporting Information [Line Items]    
Net sales 685,322 671,103
Metal Containers    
Segment Reporting Information [Line Items]    
Net sales 724,870 628,427
Custom Containers    
Segment Reporting Information [Line Items]    
Net sales $ 151,066 $ 167,131
v3.26.1
Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Receivables sold $ 216.1 $ 225.7  
Trade Accounts Receivable | Unbilled Accounts Receivable      
Segment Reporting Information [Line Items]      
Contract assets $ 114.0 $ 115.3 $ 112.5
v3.26.1
Rationalization Charges - Schedule of Rationalization Charges by Business Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Restructuring Cost and Reserve [Line Items]    
Rationalization charges $ 9,047 $ 10,959
Dispensing and Specialty Closures    
Restructuring Cost and Reserve [Line Items]    
Rationalization charges 2,482 4,371
Metal Containers    
Restructuring Cost and Reserve [Line Items]    
Rationalization charges 5,733 4,932
Custom Containers    
Restructuring Cost and Reserve [Line Items]    
Rationalization charges $ 832 $ 1,656
v3.26.1
Rationalization Charges - Schedule of Activity in Rationalization Plan Reserves (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2025 $ 45,154  
Charged to expense 9,047 $ 10,959
Utilized and currency translation (9,191)  
Balance at March 31, 2026 45,010  
Employee Severance and Benefits    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2025 44,962  
Charged to expense 3,660  
Utilized and currency translation (3,612)  
Balance at March 31, 2026 45,010  
Plant Exit Costs    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2025 192  
Charged to expense 3,380  
Utilized and currency translation (3,572)  
Balance at March 31, 2026 0  
Non-Cash Asset Write-Downs    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2025 0  
Charged to expense 2,007  
Utilized and currency translation (2,007)  
Balance at March 31, 2026 $ 0  
v3.26.1
Rationalization Charges - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Restructuring Cost and Reserve [Line Items]    
Restructuring reserve $ 45,010 $ 45,154
Other Restructuring | Rationalization Plan    
Restructuring Cost and Reserve [Line Items]    
Remaining expenses 18,100  
Remaining cash expenditures 38,100  
Annually Through 2040 | Central States Pension Plan withdrawal    
Restructuring Cost and Reserve [Line Items]    
Remaining cash expenditures 2,600  
Accretion expense 700  
Accrued Liabilities    
Restructuring Cost and Reserve [Line Items]    
Restructuring reserve 21,000  
Other Liabilities    
Restructuring Cost and Reserve [Line Items]    
Restructuring reserve $ 24,000  
v3.26.1
Accumulated Other Comprehensive Loss - Schedule of Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance $ 2,274,301  
Other comprehensive income before reclassifications 5,567  
Amounts reclassified from accumulated other comprehensive loss 1,780  
Other comprehensive income 7,347 $ 49,971
Ending balance 2,320,597 2,083,344
Accumulated other comprehensive loss    
Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (213,556) (353,357)
Ending balance (206,209) $ (303,386)
Unrecognized Net Defined Benefit Plan Costs    
Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (116,840)  
Other comprehensive income before reclassifications 0  
Amounts reclassified from accumulated other comprehensive loss 1,336  
Other comprehensive income 1,336  
Ending balance (115,504)  
Change in Fair Value of Derivatives    
Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (966)  
Other comprehensive income before reclassifications 7,120  
Amounts reclassified from accumulated other comprehensive loss 444  
Other comprehensive income 7,564  
Ending balance 6,598  
Foreign Currency Translation    
Other Comprehensive Income (Loss) [Roll Forward]    
Beginning balance (95,750)  
Other comprehensive income before reclassifications (1,553)  
Amounts reclassified from accumulated other comprehensive loss 0  
Other comprehensive income (1,553)  
Ending balance $ (97,303)  
v3.26.1
Accumulated Other Comprehensive Loss - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Unrecognized Net Defined Benefit Plan Costs  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Other comprehensive (loss) reclassification adjustment from AOCI $ (1.6)
Benefit for income taxes 0.3
Amortization of net actuarial (losses), before tax (1.6)
Foreign Currency Translation  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Foreign currency gains (losses) (25.2)
Foreign currency gains (losses) of net investment hedges included in accumulated other comprehensive 31.3
Foreign currency translation, tax benefit (provision) related to net investment hedges $ (7.6)
v3.26.1
Inventories (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Inventory Disclosure [Abstract]      
Raw materials $ 483,443 $ 586,296 $ 440,846
Work-in-process 259,725 204,882 214,285
Finished goods 691,396 595,089 651,648
Other 17,179 16,861 17,463
Inventories, gross 1,451,743 1,403,128 1,324,242
Adjustment to value inventory at cost on the LIFO method (322,994) (322,994) (268,961)
Inventories $ 1,128,749 $ 1,080,134 $ 1,055,281
v3.26.1
Long-Term Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Debt Instrument [Line Items]      
Total debt - principal $ 4,676,779 $ 4,364,678 $ 4,640,753
Less unamortized debt issuance costs and debt discount 16,332 17,830 12,190
Total debt 4,660,447 4,346,848 4,628,563
Less current portion 988,323 631,632 1,145,091
Long-term debt 3,672,124 3,715,216 3,483,472
Bank debt      
Debt Instrument [Line Items]      
Total debt - principal 2,771,805 1,934,055 2,959,425
One Point Four Percent Senior Notes due 2026 | Senior Notes      
Debt Instrument [Line Items]      
Total debt - principal $ 0 500,000 500,000
Senior note interest rate 1.40%    
Finance leases      
Debt Instrument [Line Items]      
Total debt - principal $ 37,554 38,783 41,228
Bank revolving loans | Bank debt      
Debt Instrument [Line Items]      
Total debt - principal 894,685 0 1,082,007
U.S. term loans | Bank debt      
Debt Instrument [Line Items]      
Total debt - principal 799,000 841,500 850,000
Euro term loans | Bank debt      
Debt Instrument [Line Items]      
Total debt - principal 1,026,610 1,046,390 972,180
Less current portion 51,800    
Other foreign bank revolving and term loans | Bank debt      
Debt Instrument [Line Items]      
Total debt - principal 51,510 46,165 55,238
Less current portion 38,300    
Senior Notes | 4⅛% Senior Notes      
Debt Instrument [Line Items]      
Total debt - principal $ 600,000 600,000 600,000
Senior note interest rate 4.125%    
Senior Notes | 2¼% Senior Notes      
Debt Instrument [Line Items]      
Total debt - principal $ 576,100 587,200 540,100
Senior note interest rate 2.25%    
Senior Notes | 4 1/4% Senior Notes      
Debt Instrument [Line Items]      
Total debt - principal $ 691,320 $ 704,640 $ 0
Senior note interest rate 4.25%    
Finance leases      
Debt Instrument [Line Items]      
Less current portion $ 3,500    
v3.26.1
Long-Term Debt - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Feb. 03, 2026
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Debt Instrument [Line Items]          
Long-term debt, current maturities $ 988,323   $ 988,323 $ 631,632 $ 1,145,091
Finance leases          
Debt Instrument [Line Items]          
Long-term debt, current maturities 3,500   3,500    
Bank debt | U.S. revolving loans          
Debt Instrument [Line Items]          
Long-term debt, current maturities 405,000   405,000    
Bank debt | Euro Revolving Loans          
Debt Instrument [Line Items]          
Long-term debt, current maturities 489,700   489,700    
Bank debt | Euro term loans          
Debt Instrument [Line Items]          
Long-term debt, current maturities 51,800   51,800    
Bank debt | Other foreign bank revolving and term loans          
Debt Instrument [Line Items]          
Long-term debt, current maturities 38,300   $ 38,300    
Bank debt | U.S. term loans          
Debt Instrument [Line Items]          
Repayments of debt   $ 42,500      
Bank Credit Agreement | Term Loans Maintained as Eurocurrency Rate Loans and RFR Loans | Eurocurrency Rate and RFR Rate          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     1.25%    
Bank Credit Agreement | Term Loans Maintained as Eurocurrency Rate Loans and RFR Loans | Eurocurrency Rate and RFR Rate | Minimum          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     1.00%    
Bank Credit Agreement | Term Loans Maintained as Eurocurrency Rate Loans and RFR Loans | Eurocurrency Rate and RFR Rate | Maximum          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     1.50%    
Bank Credit Agreement | Term Loans Maintained as Base Rate Loans | Base Rate          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     0.25%    
Bank Credit Agreement | Term Loans Maintained as Base Rate Loans | Base Rate | Minimum          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     0.00%    
Bank Credit Agreement | Term Loans Maintained as Base Rate Loans | Base Rate | Maximum          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate     0.50%    
One Point Four Percent Senior Notes due 2026 | Senior Notes          
Debt Instrument [Line Items]          
Repayments of debt $ 500,000        
Senior note interest rate 1.40%   1.40%    
Debt instrument, redemption price (in percentage)     100.00%    
v3.26.1
Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Other Financial Instruments (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Carrying Amount  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Cash and cash equivalents $ 435,429
Carrying Amount | Bank debt  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 2,771,805
Carrying Amount | Senior Notes | 4⅛% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 599,729
Carrying Amount | Senior Notes | 2¼% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 576,100
Carrying Amount | Senior Notes | 4¼% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 691,320
Fair Value  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Cash and cash equivalents 435,429
Fair Value | Bank debt  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 2,771,805
Fair Value | Senior Notes | 4⅛% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 586,686
Fair Value | Senior Notes | 2¼% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes 554,715
Fair Value | Senior Notes | 4¼% Senior Notes  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Long-term senior notes $ 671,569
v3.26.1
Financial Instruments - Narrative (Details)
€ in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Foreign Currency Translation        
Derivative [Line Items]        
Foreign currency (losses) gains of net investment hedges included in accumulated other comprehensive loss $ 31.3      
USD Interest Rate Swap        
Derivative [Line Items]        
Derivative, notional amount $ 300.0   $ 300.0  
Fixed interest rate 3.90% 3.90% 3.90% 3.90%
Euro Dollar Interest Rate Swap        
Derivative [Line Items]        
Derivative, notional amount | €   € 685.0   € 685.0
Fixed interest rate 2.43% 2.43% 2.43% 2.43%
v3.26.1
Supply Chain Finance Program (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Payables and Accruals [Abstract]      
Termination notice period (at least) 30 days    
Termination notice period by financial institution (at least) 10 days    
Supply chain finance program, payment period (up to) 210 days    
Supplier chain finance program obligation, current $ 357.6 $ 438.5 $ 262.9
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration] Trade accounts payable Trade accounts payable Trade accounts payable
v3.26.1
Retirement Benefits (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Pension Benefit Cost (Credit)    
Defined Benefit Plan Disclosure [Line Items]    
Service cost $ 1,582 $ 1,944
Interest cost 7,681 8,119
Expected return on plan assets (10,409) (10,257)
Amortization of prior service (credit) cost (13) 8
Amortization of actuarial losses (gains) 1,782 1,893
Net periodic benefit (credit) cost 623 1,707
Other Postretirement Benefit Credit    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 3 4
Interest cost 92 151
Amortization of prior service (credit) cost (16) (15)
Amortization of actuarial losses (gains) (157) (86)
Net periodic benefit (credit) cost $ (78) $ 54
v3.26.1
Treasury Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Nov. 05, 2025
Equity, Class of Treasury Stock [Line Items]    
Treasury stock (in shares) 69,432,738  
Activity Related to Restricted Stock Units Vested    
Equity, Class of Treasury Stock [Line Items]    
Treasury shares issued for restricted stock units that vested during the period (in shares) 390,639  
Average cost of treasury shares that were issued for restricted stock units that vested during the period (usd per share) $ 3.13  
Shares repurchased to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units (in shares) 152,852  
Average cost per share of treasury stock acquired (usd per share) $ 47.57  
2025 BOD Authorized Common Stock Repurchase    
Equity, Class of Treasury Stock [Line Items]    
Stock repurchase program, additional repurchase authorization   $ 500.0
Repurchase shares of common stock (in shares) 0  
Remaining authorized repurchase amount $ 500.0  
v3.26.1
Stock-Based Compensation (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
plan
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of share-based compensation arrangements | plan 1
Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock units granted (in shares) | shares 777,600
Fair value of restricted stock units granted | $ $ 37.0
v3.26.1
Segment Information - Schedule of Reportable Business Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Net sales $ 1,561,258 $ 1,466,661
Segment expenses and other 1,410,507 1,309,553
Equity in earnings of affiliates, net of tax 1,198 1,162
Adjusted EBIT 151,949 158,270
Depreciation 68,816 63,950
Segment assets 9,243,275 8,739,239
Capital expenditures 82,444 82,924
Corporate    
Segment Reporting Information [Line Items]    
Net sales 0 0
Segment expenses and other 15,667 15,073
Equity in earnings of affiliates, net of tax 0 0
Adjusted EBIT (15,667) (15,073)
Depreciation 118 46
Segment assets 62,420 37,677
Capital expenditures 0 408
Dispensing and Specialty Closures    
Segment Reporting Information [Line Items]    
Net sales 685,322 671,103
Dispensing and Specialty Closures | Operating Segments    
Segment Reporting Information [Line Items]    
Net sales 685,322 671,103
Segment expenses and other 590,447 573,062
Equity in earnings of affiliates, net of tax 1,198 1,162
Adjusted EBIT 96,073 99,203
Depreciation 40,668 35,855
Segment assets 5,756,062 5,566,505
Capital expenditures 48,486 43,434
Metal Containers    
Segment Reporting Information [Line Items]    
Net sales 724,870 628,427
Metal Containers | Operating Segments    
Segment Reporting Information [Line Items]    
Net sales 724,870 628,427
Segment expenses and other 675,045 578,871
Equity in earnings of affiliates, net of tax 0 0
Adjusted EBIT 49,825 49,556
Depreciation 19,991 19,285
Segment assets 2,665,140 2,352,480
Capital expenditures 29,110 31,243
Custom Containers    
Segment Reporting Information [Line Items]    
Net sales 151,066 167,131
Custom Containers | Operating Segments    
Segment Reporting Information [Line Items]    
Net sales 151,066 167,131
Segment expenses and other 129,348 142,547
Equity in earnings of affiliates, net of tax 0 0
Adjusted EBIT 21,718 24,584
Depreciation 8,039 8,764
Segment assets 759,653 782,577
Capital expenditures $ 4,848 $ 7,839
v3.26.1
Segment Information - Schedule of Reconciliation of Adjusted EBIT to Income before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting [Abstract]    
Total adjusted EBIT $ 151,949 $ 158,270
Less:    
Acquired intangible asset amortization expense 16,116 15,413
Other pension (income) for U.S. pension plans and closed facilities (1,007) (925)
Equity in earnings of affiliates, net of tax 1,198 1,162
Rationalization charges 9,047 10,959
Costs attributed to announced acquisitions 0 1,117
Income before interest and income taxes 126,595 130,544
Interest and other debt expense 42,449 42,928
Income before income taxes $ 84,146 $ 87,616
v3.26.1
Segment Information - Narrative (Details)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Number of reportable segments not disclosed flag true