Crown Holdings Q3 2024 10-Q Filed

TL;DR

Crown Holdings Q3 10-Q is in: financials for common stock & debentures detailed.

AI Summary

Crown Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and position, including information on common stock, debentures, and other financial instruments. Key dates for reporting periods include Q3 2024 and year-to-date 2024, with comparative data from 2023.

Why It Matters

This filing provides investors and analysts with the latest financial data for Crown Holdings, Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing providing standard disclosures.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-11-01 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• 2024 Q3 — Fiscal Quarter (Specifies the third quarter of the fiscal year 2024.)

Key Players & Entities

• Crown Holdings, Inc. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period
• 2024-11-01 (date) — Filing date
• PA (location) — State of incorporation
• TAMPA (location) — Business and mailing address city
• FL (location) — Business and mailing address state

FAQ

Key Financial Figures

• $5.00 — hange on which registered Common Stock $5.00 Par Value CCK New York Stock Exchange

Filing Documents

• cck-20240930.htm (10-Q) — 1473KB
• ex101-stockpurchaseplaname.htm (EX-10.1) — 5KB
• ex22q32024.htm (EX-22) — 21KB
• cck-09302024xq3ex311.htm (EX-31.1) — 11KB
• cck-09302024xq3ex312.htm (EX-31.2) — 11KB
• cck-09302024xq3ex32.htm (EX-32) — 8KB
• 0001219601-24-000038.txt ( ) — 8857KB
• cck-20240930.xsd (EX-101.SCH) — 54KB
• cck-20240930_cal.xml (EX-101.CAL) — 81KB
• cck-20240930_def.xml (EX-101.DEF) — 289KB
• cck-20240930_lab.xml (EX-101.LAB) — 663KB
• cck-20240930_pre.xml (EX-101.PRE) — 491KB
• cck-20240930_htm.xml (XML) — 1598KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 2

Financial Statements

Item 1. Financial Statements 2 CONSOLIDATED STATEMENTS OF OPERATIONS 2 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 3 CONSOLIDATED BALANCE SHEETS (Condensed) 4 CONSOLIDATED STATEMENTS OF CASH FLOWS (Condensed) 5 CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY 6 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 8 A. Basis of Presentation 8 B. Recent Accounting and Reporting Pronouncements 9 C. Cash, Cash Equivalents, and Restricted Cash 10 D. Receivables 10 E. Inventories 10 F. Intangible Assets 10 G. Supplier Finance Program Obligations 11 H. Restructuring and Other 11 I. Asbestos-Related Liabilities 11 J. Commitments and Contingent Liabilities 13 K. Derivative and Other Financial Instruments 15 L. Debt 20 M. Pension and Other Postretirement Benefits 21 N. Capital Stock 22 O. Accumulated Other Comprehensive Loss Attributable to Crown Holdings 22 P. Revenue 23 Q. Earnings Per Share 23 R. Segment Information 23

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 35

Controls and Procedures

Item 4. Controls and Procedures 35

– OTHER INFORMATION

PART II – OTHER INFORMATION 36 Crown Holdings, Inc.

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements CONSOLIDATED STATEMENTS OF OPERATIONS (In millions except per share data) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales $ 3,074 $ 3,069 $ 8,898 $ 9,152 Cost of products sold, excluding depreciation and amortization 2,383 2,427 7,009 7,301 Depreciation and amortization 114 124 344 372 Selling and administrative expense 146 129 450 437 Restructuring and other, net ( 13 ) 15 27 32 Income from operations 444 374 1,068 1,010 Other pension and postretirement 523 11 547 38 Interest expense 119 111 344 323 Interest income ( 24 ) ( 13 ) ( 60 ) ( 34 ) Foreign exchange 3 13 15 31 Income (loss) before taxes and equity in net earnings of affiliates ( 177 ) 252 222 652 Provision for income taxes ( 39 ) 62 55 163 Equity in net earnings of affiliates 6 10 1 20 Net income (loss) ( 132 ) 200 168 509 Net income attributable to noncontrolling interests 43 41 102 91 Net income (loss) attributable to Crown Holdings $ ( 175 ) $ 159 $ 66 $ 418 Earnings (loss) per common share attributable to Crown Holdings: Basic $ ( 1.47 ) $ 1.33 $ 0.55 $ 3.50 Diluted $ ( 1.47 ) $ 1.33 $ 0.55 $ 3.49 The accompanying notes are an integral part of these consolidated financial statements. 2 Crown Holdings, Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net income (loss) $ ( 132 ) $ 200 $ 168 $ 509 Other comprehensive income / (loss), net of tax: Foreign currency translation adjustments ( 58 ) ( 46 ) ( 188 ) 120 Pension and other postretirement benefits 397 4 417 23 Derivatives qualifying as hedges ( 6 ) 7 3 ( 1 ) Total other comprehensive income (loss) 333 ( 35 ) 232 142 Total comprehensive income 201 165 400 651 Net income attributable to noncontrolling interests 43 41 102 91 Translation adjustments attributable to noncontrolling interests 5 ( 1 )

View Full Filing

View this 10-Q filing on SEC EDGAR