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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W. Revenue
For the years ended December 31, 2025, 2024, and 2023, the Company recognized revenue as follows:
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue recognized over time | $7,068 | $6,632 | $6,472 |
| Revenue recognized at a point in time | 5,297 | 5,169 | 5,538 |
| Total | $12,365 | $11,801 | $12,010 |
See Note Z for further disaggregation of the Company’s revenue.
The Company has applied the practical expedient to exclude disclosure of remaining performance obligations as its binding orders typically have a term of one year or less.
Contract assets are typically recognized for work in process related to the Company’s three-piece printed products and equipment business. Contract assets and liabilities are reported in a net position on a contract-by-contract basis. The Company had net contract assets of $30 and $9, respectively, as of December 31, 2025 and 2024 included in prepaid and other current assets. For the year ended December 31, 2025, the Company satisfied performance obligations related to contract assets at December 31, 2024 and also recorded new contract assets primarily related to work in process for the equipment business.
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