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CROWN HOLDINGS, INC.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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About 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

CCK$121.30-0.5%Stored close · as of Nov 6, 2026
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Contents

Z. Segment Information

The Company’s business is generally organized by product line and geography. The Company has determined that it has the following reportable segments: Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging. Other includes the Company’s North America tinplate businesses: food can, aerosol can, and closures, and beverage tooling and equipment operations in the U.S. and U.K.

The Company’s chief operating decision maker ("CODM") is the Chairman of the Board, President and Chief Executive Officer. Segment income is used by the CODM to allocate resources, including capital expenditures, and to evaluate operating performance against budgets and forecasts. Segment income is used to assess profitability and to support decision‑making related to strategic initiatives and capital investments across reportable segments. Segment income, which is not a defined term under GAAP, is defined by the Company as income from operations adjusted to exclude intangi bles amortization charges, restructuring and other and the impact of fair value adjustments related to inventory acquired in an acquisition. Segment income includes cost of products sold, depreciation, and general selling and administrative expenses. Segment income should not be considered in isolation or as a substitute for net income data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The tables below present information about operating segments for the three years ended December 31, 2025, 2024, and 2023:

2025 · Inter-
External · segment · Capital · Segment
salessalesDepreciationexpendituresincome
Americas Beverage$5,615$—$130$138$1,030
European Beverage2,325—60189334
Asia Pacific1,096—4417183
Transit Packaging2,026174330258
Total reportable segments11,06217277374$1,805
Other1,3031032739
Corporate and unallocated items——4—
Total$12,365$120$308$413
2024 · Inter-
External · segment · Capital · Segment
salessalesDepreciationexpendituresincome
Americas Beverage$5,240$—$128$164$987
European Beverage2,071—55133276
Asia Pacific1,161—4621195
Transit Packaging2,107154322270
Total reportable segments10,57915272340$1,728
Other1,222672342
Corporate and unallocated items——221
Total$11,801$82$297$403
2023 · Inter-
External · segment · Capital · Segment
salessalesDepreciationexpendituresincome
Americas Beverage$5,147$—$149$296$876
European Beverage1,939—56291199
Asia Pacific1,297—6366154
Transit Packaging2,256494426331
Total reportable segments10,63949312679$1,560
Other1,3711442276
Corporate and unallocated items——238
Total$12,010$193$336$793

The company does not disclose total assets by segment as it is not provided to the chief operating decision maker.

Intersegment sales primarily include cans, ends, and parts and equipment used in the manufacturing process.

Corporate and unallocated items include corporate and administrative costs, research and development, and unallocated items such as stock-based compensation and insurance costs.

A reconciliation of segment income of reportable segments to income before income taxes for the three years ended December 31, 2025, 2024, and 2023 follows:

202520242023
Segment income of reportable segments$1,805$1,728$1,560
Other14882117
Corporate and unallocated items(169)(165)(131)
Restructuring and other, net(83)(75)(114)
Amortization of intangibles(148)(151)(163)
Loss from early extinguishments of debt(15)(1)(1)
Other pension and postretirement(13)(546)(49)
Gain on sale of equity method investment—275—
Interest expense(398)(452)(436)
Interest income558253
Foreign exchange(22)(34)(41)
Income before income taxes and equity in net earnings of affiliates$1,160$743$795

For the years ended December 31, 2025 and 2023, intercompany profit of $2 and $13 was eliminated within segment income of other.

For the years ended December 31, 2025, 2024 and 2023, one customer accounted for approximately 12%,12%, and 11%, respectively, of the Company’s consolidated net sales, and another customer accounted for approximately 11%,12%, and 12%, respectively. These customers are global beverage companies served by the Company’s beverage operations in the Americas, Europe, and Asia.

Sales by major product were:

202520242023
Metal beverage cans and ends$8,535$7,899$7,514
Transit packaging2,0262,1072,256
Metal food cans and ends9438871,013
Other products428461701
Other metal packaging433447526
Total$12,365$11,801$12,010

The following table provides sales and long-lived asset information for the major countries in which the Company operates. Long-lived assets comprises property, plant, and equipment.

Net Sales · Long-Lived Assets
20252024202320252024
United States$4,813$4,419$4,482$1,650$1,667
Brazil1,0731,061991503478
Mexico9891,0531,129598534
Canada78674482310898
Spain423334334340282
Vietnam387387423265293
United Kingdom372398494520502
Other3,5223,4053,3341,2031,073
Total$12,365$11,801$12,010$5,187$4,927
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.