CROWN HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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L. Supplier Finance Program Obligations
The Company has various supplier finance programs under which the Company agrees to pay banks the stated amount of confirmed invoices from its designated suppliers on the original maturity dates of the invoices. Suppliers, at their sole discretion, have the opportunity to sell their receivables due from the Company earlier than contracted payment terms. The Company or the banks may terminate the agreements upon at least 30 days’ notice. The Company does not have assets pledged as collateral for supplier finance programs. The supplier invoices that have been confirmed as valid under the programs typically have payment terms of 150 days or less, consistent with the commercial terms and conditions as agreed upon with suppliers.
Changes in the confirmed obligations outstanding under these supplier finance programs, included in Accounts Payable for the years ended December 31, 2025 and 2024 were as follows:
| 2025 | 2024 | |
|---|---|---|
| Balance at January 1 | $927 | $862 |
| Additions | 3,304 | 2,107 |
| Settlements | (3,324) | (2,032) |
| Foreign currency translation | 20 | (10) |
| Balance at December 31 | $927 | $927 |
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