CROWN HOLDINGS, INC.
For the period ended Jun 30, 2025. Filed Jul 29, 2025.
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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, 2025 · Filed Jul 29, 2025
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M. Pension and Other Postretirement Benefits
The components of net periodic pension and other postretirement benefits costs for the three and six months ended June 30, 2025 and 2024 were as follows:
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| Pension benefits – U.S. plans | 2025 | 2024 | 2025 | 2024 |
| Service cost | $3 | $3 | $6 | $7 |
| Interest cost | 4 | 13 | 8 | 26 |
| Expected return on plan assets | (4) | (15) | (7) | (30) |
| Recognized net loss | 3 | 12 | 6 | 22 |
| Net periodic cost | $6 | $13 | $13 | $25 |
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| Pension benefits – Non-U.S. plans | 2025 | 2024 | 2025 | 2024 |
| Service cost | $2 | $3 | $4 | $4 |
| Interest cost | 3 | 4 | 6 | 9 |
| Expected return on plan assets | (3) | (5) | (6) | (11) |
| Recognized net loss | — | 1 | — | 3 |
| Special termination benefits | — | 2 | — | 2 |
| Settlement and curtailments | (5) | — | (5) | — |
| Net periodic cost | $(3) | $5 | $(1) | $7 |
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| Other postretirement benefits | 2025 | 2024 | 2025 | 2024 |
| Interest cost | $1 | $1 | $2 | $3 |
| Net periodic cost | $1 | $1 | $2 | $3 |
The components of net periodic cost other than the service cost component are included in Other pension and postretirement in the Consolidated Statement of Operations.
The following table provides information about amounts reclassified from accumulated other comprehensive income.
| Three Months Ended · Six Months Ended | |||||
|---|---|---|---|---|---|
| June 30, · June 30, | |||||
| Details about accumulated other comprehensive income components | 2025 | 2024 | 2025 | 2024 | Affected line items in the statement of operations |
| Actuarial losses | $3 | $13 | $6 | $25 | Other pension and postretirement |
| 3 | 13 | 6 | 25 | Income before taxes and equity in net earnings of affiliates | |
| (1) | (3) | (2) | (5) | Provision for income taxes | |
| Total reclassified | $2 | $10 | $4 | $20 | Net income |
During the six months ended June 30, 2025, the Company received a $21 repayment, included within Pension contributions in the Consolidated Statements of Cash Flows, of the contribution the Company made in 2021 to settle the U.K. defined pension plan.
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