CROWN HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
D. Receivables
| 2025 | 2024 | |
|---|---|---|
| Accounts receivable | $1,048 | $1,060 |
| Less: allowance for credit losses | (25) | (30) |
| Net trade receivables | 1,023 | 1,030 |
| Unbilled receivables | 395 | 316 |
| Miscellaneous receivables | 350 | 310 |
| $1,768 | $1,656 |
The Company uses receivables securitization and factoring facilities in the normal course of business as part of managing its cash flows. The Company accounts for transfers under these facilities as either sales or secured borrowings based on whether it has transferred control over the factored receivables. The Company’s continuing involvement in factored receivables accounted for as sales is limited to servicing the receivables. The Company receives adequate compensation for servicing the receivables and no servicing asset or liability is recorded.
As of December 31, 2025 and 2024, the Company derecognized receivables of $1,290 and $1,119 related to securitization and factoring facilities accounted for as sales. The Company also has $36 of factored receivables accounted for as secured borrowings as of December 31, 2025. The Company recorded expenses of $71, $76, and $82 for the years ended December 31, 2025, 2024, and 2023 as interest expense.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.