CROWN HOLDINGS, INC.
For the period ended Mar 31, 2025. Filed May 2, 2025.
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Mar 31, 2025 · Filed May 2, 2025
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H. Restructuring and Other
The Company recorded restructuring and other items as follows:
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Asset sales and impairments, net | $(9) | $3 |
| Restructuring | 7 | 19 |
| Other costs | — | 1 |
| $(2) | $23 | |
For the three months ended March 31, 2025, the gain on asset sales and impairments primarily relates to the sale of a building in the Transit Packaging segment.
For the three months ended March 31, 2024, restructuring primarily included headcount reductions in the Company's European Beverage segment and Other.
During the first quarter of 2025, the Company made payments of $4 and had a restructuring accrual of $17, primarily related to previously announced restructuring actions. The Company expects to pay these amounts over the next twelve months. The Company continues to review its costs structure and may record additional restructuring charges in the future.
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