CROWN HOLDINGS INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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G. Intangible Assets
Gross carrying amounts and accumulated amortization of finite-lived intangible assets by major class were as follows:
| December 31, 2024 | December 31, 2023 | |||||
|---|---|---|---|---|---|---|
| Gross | Accumulated amortization | Net | Gross | Accumulated amortization | Net | |
| Customer relationships | $1,342 | $(734) | $608 | $1,423 | $(670) | $753 |
| Trade names | 522 | (148) | 374 | 539 | (130) | 409 |
| Technology | 153 | (140) | 13 | 159 | (133) | 26 |
| Long term supply contracts | 139 | (92) | 47 | 167 | (99) | 68 |
| Patents | 12 | (10) | 2 | 12 | (10) | 2 |
| $2,168 | $(1,124) | $1,044 | $2,300 | $(1,042) | $1,258 | |
$14 of customer relationship intangible assets were acquired from the 2023 acquisition of Helvetia Packaging AG. See Note B for more information.
Amortization expense for the years ended December 31, 2024, 2023, and 2022 was $151, $163 and $159.
Annual amortization expense is estimated to be $147 for 2025, $138 for 2026, $135 for 2027, $134 for 2028 and $122 for 2029.
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