BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Reportable Business Segment Information

Reportable segment information for each of the past three years is as follows:


	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
2025
Net sales	$	2,707,244	$	3,138,318	$	637,604	$	—	$	6,483,166
Segment expenses and other (a)	2,290,462		2,877,948		547,659		46,997		5,763,066
Equity in earnings of affiliates, net of tax	3,160		—		—		—		3,160
Adjusted EBIT	419,942		260,370		89,945		(46,997)		723,260
Depreciation	147,313		72,769		34,071		387		254,540
Segment assets	5,815,628		2,679,769		777,865		45,391		9,318,653
Capital expenditures	188,186		90,995		26,701		1,210		307,092
2024
Net sales	$	2,304,370	$	2,900,678	$	649,646	$	—	$	5,854,694
Segment expenses and other (a)	1,939,445		2,658,257		568,668		30,815		5,197,185
Equity in earnings of affiliates, net of tax	685		—		—		—		685
Adjusted EBIT	365,610		242,421		80,978		(30,815)		658,194
Depreciation	109,956		77,389		35,757		162		223,264
Segment assets	5,376,183		2,309,297		805,657		45,082		8,536,219
Capital expenditures	126,185		104,701		31,842		58		262,786
2023
Net sales	$	2,221,430	$	3,140,830	$	625,945	$	—	$	5,988,205
Segment expenses and other (a)	1,880,786		2,858,428		562,628		25,810		5,327,652
Adjusted EBIT	340,644		282,402		63,317		(25,810)		660,553
Depreciation	101,664		73,558		34,846		74		210,142
Segment assets	4,437,833		2,178,416		898,582		46,270		7,561,101
Capital expenditures	110,073		95,260		20,474		1,003		226,810

______________________

(a) Segment expenses and other includes cost of goods sold, selling, general and administrative expenses, and other pension and postretirement (income) expense and excludes acquired intangible asset amortization expense, other pension (income) expense only for U.S. pension plans, the impact from charges for the write-up of acquired inventory, and costs attributed to announced acquisitions.

Schedule of Reconciliation of Adjusted EBIT To Consolidated Income (Loss) Before Income Taxes

Total adjusted EBIT is reconciled to income before income taxes as follows:


	2025		2024		2023
	(Dollars in thousands)
Total adjusted EBIT	$	723,260	$	658,194	$	660,553
Less:
Acquired intangible asset amortization expense	64,623		52,620		53,091
Other pension (income) expense for U.S. pension plans	(4,016)		(4,110)		3,614
Equity in earnings of affiliates, net of tax	3,160		685		—
Rationalization charges	60,509		59,481		8,412
Purchase accounting write-up of inventory	—		6,062		—
Costs attributed to announced acquisitions	1,117		28,361		—
Income before interest and income taxes	597,867		515,095		595,436
Interest and other debt expense	189,365		167,425		173,315
Income before income taxes	$	408,502	$	347,670	$	422,121

Schedule of Reconciliation of Total Segment Assets to Total Assets

Total segment assets at December 31 are reconciled to total assets as follows:


	2025		2024
	(Dollars in thousands)
Total segment assets	$	9,318,653	$	8,536,219
Other assets	78,430		48,449
Total assets	$	9,397,083	$	8,584,668

Schedule of Financial Information Relating to Operations by Geographic Area

Financial information relating to our operations by geographic area is as follows:


	2025		2024		2023
	(Dollars in thousands)
Net sales:
United States	$	4,396,143	$	4,159,904	$	4,377,928
Foreign:
Europe	1,543,116		1,241,806		1,201,534

Other	543,907		452,984		408,743
Total net sales from foreign operations	2,087,023		1,694,790		1,610,277
Total net sales	$	6,483,166	$	5,854,694	$	5,988,205
Long-lived assets:
United States	$	1,229,877	$	1,245,639
Foreign:
Europe	879,063		774,099

Other	269,391		263,165
Total long-lived assets at foreign operations	1,148,454		1,037,264
Total long-lived assets	$	2,378,331	$	2,282,903