CROWN HOLDINGS, INC.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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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.
Mar 31, 2026 · Filed May 1, 2026
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H. Restructuring and Other
The Company recorded restructuring and other items as follows:
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Asset sales and impairments, net | $— | $(9) |
| Restructuring | 1 | 7 |
| Other costs | 1 | — |
| $2 | $(2) | |
For the three months ended March 31, 2025, the gain on asset sales and impairments primarily relates to the sale of a building in the Transit Packaging segment.
During the first quarter of 2026, the Company made payments of $4 and had a restructuring accrual of $17. The Company expects to pay these amounts over the next twelve months. The Company continues to review its cost structure and may record additional restructuring charges in the future.
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