Rationalization Charges (Tables)

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Activity in Rationalization Plan Reserves

Rationalization charges by segment for the three months ended March 31 were as follows:

	2025		2024
	(Dollars in thousands)
Dispensing and Specialty Closures	$	4,371	$	6,557
Metal Containers	4,932		3,584
Custom Containers	1,656		1,550
	$	10,959	$	11,691

Activity in reserves for our rationalization plans were as follows:

	Employee Severance and Benefits		Plant Exit Costs		Non-Cash Asset Write-Downs		Total
	(Dollars in thousands)
Balance at December 31, 2024	$	29,318	$	—	$	—	$	29,318
Charged to expense	2,986		1,731		6,242		10,959
Utilized and currency translation	(1,753)		(1,731)		(6,242)		(9,726)
Balance at March 31, 2025	$	30,551	$	—	$	—	$	30,551