CROWN HOLDINGS, INC.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Oct 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
H. Restructuring and Other
The Company recorded restructuring and other items as follows:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Asset sales and impairments, net | $1 | $30 | $— | $51 |
| Restructuring | 6 | — | 11 | 16 |
| Other costs | 1 | — | 1 | (3) |
| Asbestos | — | — | — | 11 |
| $8 | $30 | $12 | $75 | |
For thethree and nine months ended September 30, 2025, asset sales and impairments primarily included asset impairment charges related to plants in Myanmar and China and end line rationalization in the Asia Pacific segment. In addition, in the first quarter of 2025 the Company recognized a gain for a sale of a building in the Transit Packaging segment.
For thethree and nine months ended September 30, 2026, restructuring primarily included headcount reductions and other exit costs in the Transit Packaging segment.
During the nine months ended September 30, 2025, the Company recorded an $11 asbestos reserve related to an unfavorable jury verdict in the state of California. See Note I for details.
During 2026, the Company made payments of $9 and had a restructuring accrual of $21, primarily related to previously announced restructuring actions. 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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.