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CROWN HOLDINGS INC

For the period ended Jun 30, 2024. Filed Jul 29, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 29, 2024

CCK$121.30-0.5%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED June 30, 2024

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM ____ TO ____

COMMISSION FILE NUMBER 001-41550

CROWN HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania75-3099507
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
14025 Riveredge Drive, Suite 300TampaFL33637
(Address of principal executive offices)(Zip Code)

215-698-5100

(registrant’s telephone number, including area code)

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of each classTrading SymbolsName of each exchange on which registered
Common Stock $5.00 Par ValueCCKNew York Stock Exchange
7 3/8% Debentures Due 2026CCK26New York Stock Exchange
7 1/2% Debentures Due 2096CCK96New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one)

Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes ☐ No☒

There were 120,640,575 shares of Common Stock outstanding as of July 26, 2024.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION2
Item 1. Financial Statements2
CONSOLIDATED STATEMENTS OF OPERATIONS2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME3
CONSOLIDATED BALANCE SHEETS (Condensed)4
CONSOLIDATED STATEMENTS OF CASH FLOWS (Condensed)5
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY6
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS8
A. Basis of Presentation8
B. Recent Accounting and Reporting Pronouncements9
C. Cash, Cash Equivalents, and Restricted Cash10
D. Receivables10
E. Inventories10
F. Intangible Assets11
G. Supplier Finance Program Obligations11
H. Restructuring and Other11
I. Asbestos-Related Liabilities12
J. Commitments and Contingent Liabilities14
K. Derivative and Other Financial Instruments15
L. Debt20
M. Pension and Other Postretirement Benefits21
N. Capital Stock22
O. Accumulated Other Comprehensive Loss Attributable to Crown Holdings22
P. Revenue22
Q. Earnings Per Share23
R. Segment Information23
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations25
Item 3. Quantitative and Qualitative Disclosures About Market Risk34
Item 4. Controls and Procedures34
PART II – OTHER INFORMATION35
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.