Silgan (SLGN) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	SLGN
Entity Registrant Name	Silgan Holdings Inc
Entity Central Index Key	849,869
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		60,477,337

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 120,467	$ 99,945	$ 126,676
Trade accounts receivable, net	394,811	281,041	443,943
Inventories	806,539	628,138	753,335
Prepaid expenses and other current assets	45,602	36,134	35,855
Total current assets	1,367,419	1,045,258	1,359,809
Property, plant and equipment, net	1,165,141	1,125,433	1,082,712
Goodwill	614,021	612,792	620,481
Other intangible assets, net	188,773	195,087	203,863
Other assets, net	218,821	214,109	236,252
Assets, Total	3,554,175	3,192,679	3,503,117
Current liabilities:
Revolving loans and current portion of long-term debt	569,892	152,398	532,639
Trade accounts payable	365,854	477,171	375,037
Accrued payroll and related costs	48,585	45,094	55,086
Accrued liabilities	93,955	106,550	74,774
Total current liabilities	1,078,286	781,213	1,037,536
Long-term debt	1,365,205	1,361,149	1,437,863
Other liabilities	421,278	411,133	444,692
Stockholders’ equity:
Common stock	876	876	876
Paid-in capital	243,515	237,291	232,117
Retained earnings	1,485,093	1,446,193	1,368,956
Accumulated other comprehensive loss	(202,296)	(208,806)	(182,779)
Treasury stock	(837,782)	(836,370)	(836,144)
Total stockholders’ equity	689,406	639,184	583,026
Liabilities and Equity, Total	$ 3,554,175	$ 3,192,679	$ 3,503,117

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 874,642	$ 914,229	$ 1,667,379	$ 1,730,829
Cost of goods sold	746,935	780,572	1,425,795	1,474,935
Gross profit	127,707	133,657	241,584	255,894
Selling, general and administrative expenses	55,018	54,407	110,380	108,858
Rationalization charges	5,038	959	6,108	1,684
Income from operations	67,651	78,291	125,096	145,352
Interest and other debt expense	16,883	16,762	33,339	33,205
Income before income taxes	50,768	61,529	91,757	112,147
Provision for income taxes	17,453	19,285	31,871	36,599
Net income	$ 33,315	$ 42,244	$ 59,886	$ 75,548
Earnings per share:
Basic net income per share	$ 0.55	$ 0.70	$ 0.99	$ 1.23
Diluted net income per share	0.55	0.70	0.98	1.22
Dividends per share	$ 0.17	$ 0.16	$ 0.34	$ 0.32
Weighted average number of shares:
Basic (in shares)	60,504	60,473	60,477	61,631
Effect of dilutive securities (in shares)	356	255	364	268
Diluted (in shares)	60,860	60,728	60,841	61,899

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 33,315	$ 42,244	$ 59,886	$ 75,548
Other comprehensive income (loss), net of tax:
Changes in net prior service credit and actuarial losses	898	846	1,811	1,620
Change in fair value of derivatives	516	352	461	170
Foreign currency translation	(6,254)	11,324	4,238	(18,945)
Other comprehensive (loss) income	(4,840)	12,522	6,510	(17,155)
Comprehensive income	$ 28,475	$ 54,766	$ 66,396	$ 58,393

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows provided by (used in) operating activities:
Net income	$ 59,886	$ 75,548
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	73,019	73,042
Rationalization charges	6,108	1,684
Stock compensation expense	6,428	6,069
Other changes that provided (used) cash:
Trade accounts receivable, net	(111,600)	(140,426)
Inventories	(176,427)	(212,806)
Trade accounts payable	(10,701)	38,630
Accrued liabilities	(14,431)	11,577
Other, net	5,067	10,695
Net cash used in operating activities	(162,651)	(135,987)
Cash flows provided by (used in) investing activities:
Purchase of business, net of cash acquired	0	(690)
Capital expenditures	(111,714)	(98,183)
Proceeds from asset sales	8,822	128
Net cash used in investing activities	(102,892)	(98,745)
Cash flows provided by (used in) financing activities:
Borrowings under revolving loans	531,544	585,364
Repayments under revolving loans	(114,207)	(169,284)
Proceeds from issuance of long-term debt	0	3,970
Repayments of long-term debt	(6,380)	(5,649)
Changes in outstanding checks - principally vendors	(101,765)	(82,801)
Dividends paid on common stock	(20,913)	(20,113)
Repurchase of common stock under stock plan	(2,204)	(2,538)
Repurchase of common stock under share repurchase authorization	(10)	(170,132)
Net cash provided by financing activities	286,065	138,817
Cash and cash equivalents:
Net increase (decrease)	20,522	(95,915)
Balance at beginning of year	99,945	222,591
Balance at end of period	120,467	126,676
Interest paid, net	32,269	31,560
Income taxes paid, net	$ 43,707	$ 18,306

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning Balance at Dec. 31, 2014	$ 709,956	$ 876	$ 225,449	$ 1,313,521	$ (165,624)	$ (664,266)
Beginning Balance (in shares) at Dec. 31, 2014		63,203
Increase (Decrease) in Stockholders' Equity
Net issuance of treasury stock for vested restricted stock units, including tax benefit (in shares)		82
Repurchases of common stock (in shares)		(2,906)
Net income	75,548			75,548
Other comprehensive income (loss)	(17,155)				(17,155)
Dividends declared on common stock	(20,113)			(20,113)
Stock compensation expense	6,689		6,689
Net issuance of treasury stock for vested restricted stock units, including tax benefit	(1,767)		(21)			(1,746)
Repurchases of common stock	(170,132)					(170,132)
Ending Balance at Jun. 30, 2015	583,026	$ 876	232,117	1,368,956	(182,779)	(836,144)
Ending Balance (in shares) at Jun. 30, 2015		60,379
Beginning Balance at Dec. 31, 2015	639,184	$ 876	237,291	1,446,193	(208,806)	(836,370)
Beginning Balance (in shares) at Dec. 31, 2015		60,393
Increase (Decrease) in Stockholders' Equity
Net issuance of treasury stock for vested restricted stock units, including tax benefit (in shares)		84
Repurchases of common stock (in shares)		0
Net income	59,886			59,886
Other comprehensive income (loss)	6,510				6,510
Dividends declared on common stock	(20,913)			(20,913)
Stock compensation expense	6,428		6,428
Adoption of accounting standard update related to stock compensation accounting	525		598	(73)
Net issuance of treasury stock for vested restricted stock units, including tax benefit	(2,204)		(802)			(1,402)
Repurchases of common stock	(10)					(10)
Ending Balance at Jun. 30, 2016	$ 689,406	$ 876	$ 243,515	$ 1,485,093	$ (202,296)	$ (837,782)
Ending Balance (in shares) at Jun. 30, 2016		60,477

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Net issuance of treasury stock for vested restricted stock units, tax benefit		$ 771

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation . The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year. The Condensed Consolidated Balance Sheet at December 31, 2015 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. Certain prior year's amounts have been reclassified to conform with the current year's presentation. You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015. Recently Adopted Accounting Pronouncements. In July 2015, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends existing guidance for measuring inventories. This amendment requires us to measure inventories recorded using the first-in, first-out method and the average cost method at the lower of cost and net realizable value. This amendment did not change the methodology for measuring inventories recorded using the last-in, first-out method. As permitted, we have adopted this amendment early, effective January 1, 2016, and have applied it prospectively. The adoption of this amendment did not have a material effect on our financial position, results of operations or cash flows. In March 2016, the FASB issued an ASU that amends the guidance for stock compensation accounting. This amendment (i) requires all income tax effects of stock-based compensation awards to be recognized in the statement of income when such awards vest or are settled, (ii) allows an employer to repurchase more of an employee's shares upon the vesting or settlement of an award than it could have previously for tax withholding purposes without triggering liability accounting, (iii) allows an employer to make a policy election to recognize forfeitures in respect of awards as they occur and (iv) specifies certain classifications on the statement of cash flows related to excess tax benefits and shares repurchased from employees for tax withholding purposes. As permitted, we have adopted this amendment early, effective January 1, 2016, and have applied it (i) prospectively as it related to recognizing income tax effects of awards in the statement of income, (ii) using the modified retrospective method as it related to classifying certain awards as equity rather than liabilities and recognizing forfeitures as they occur, and (iii) using the retrospective method as it related to classifying excess tax benefits on the statement of cash flows. The adoption of this amendment did not have a material effect on our financial position, results of operations or cash flows. Recently Issued Accounting Pronouncements. In May 2014, the FASB issued an ASU that amends the guidance for revenue recognition. This amendment contains principles that will require an entity to recognize revenue to depict the transfer of goods and services to customers at an amount that an entity expects to be entitled to in exchange for those goods or services. This amendment permits the use of one of two retrospective transition methods. This amendment will be effective for us on January 1, 2018, with early adoption permitted up to one year prior to the effective date. We have not yet selected a transition method and are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows. In February 2016, the FASB issued an ASU that amends existing guidance for certain leases by lessees. This amendment will require us to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. In addition, this amendment clarifies the presentation requirements of the effects of leases in the statement of income and statement of cash flows. This amendment will be effective for us on January 1, 2019. Early adoption is permitted. This amendment is required to be adopted using a modified retrospective approach. We are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows.

Rationalization Charges

Rationalization Charges	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Rationalization Charges	Rationalization Charges We continually evaluate cost reduction opportunities across each of our businesses, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns. Rationalization charges by business segment were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Metal containers $ 4,054 $ — $ 4,054 $ — Closures 293 810 417 1,146 Plastic containers 691 149 1,637 538 $ 5,038 $ 959 $ 6,108 $ 1,684 Activity in reserves for our rationalization plans for the six months ended June 30 was as follows: Employee Severance and Benefits Non-Cash Retirement Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2015 $ 3,026 $ — $ 268 $ — $ 3,294 Charged to expense 2,173 3,080 640 215 6,108 Utilized and currency translation (3,116 ) (3,080 ) (614 ) (215 ) (7,025 ) Balance at June 30, 2016 $ 2,083 $ — $ 294 $ — $ 2,377 Rationalization reserves were included in the Condensed Consolidated Balance Sheets as accrued liabilities. Remaining expenses and cash expenditures for our rationalization plans of $4.9 million and $8.2 million , respectively, are expected primarily within the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is reported in our Condensed Consolidated Statements of Stockholders’ Equity. Amounts included in accumulated other comprehensive loss, net of tax, were as follows: Unrecognized Net Defined Benefit Plan Costs Change in Fair Value of Derivatives Foreign Currency Translation Total (Dollars in thousands) Balance at December 31, 2015 $ (84,280 ) $ (988 ) $ (123,538 ) $ (208,806 ) Other comprehensive income before reclassifications — (334 ) 4,238 3,904 Amounts reclassified from accumulated other comprehensive loss 1,811 795 — 2,606 Other comprehensive income 1,811 461 4,238 6,510 Balance at June 30, 2016 $ (82,469 ) $ (527 ) $ (119,300 ) $ (202,296 ) The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three and six months ended June 30, 2016 were net (losses) of $(1.4) million and $(2.7) million , respectively, excluding an income tax benefit of $0.5 million and $0.9 million , respectively. For the three and six months ended June 30, 2016, these net (losses) consisted of $(1.9) million and $(3.9) million of amortization of net actuarial (losses) and $0.5 million and $1.2 million of amortization of net prior service credit, respectively. Amortization of net actuarial losses and net prior service credit is a component of net periodic benefit cost. See Note 8 for further information. The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2016 were net (losses) of $(0.5) million and $(1.3) million , respectively, excluding an income tax benefit of $0.2 million and $0.5 million , respectively. For the three and six months ended June 30, 2016, these net (losses) consisted of $(0.2) million and $(0.5) million , respectively, related to our interest rate swap agreements which were recorded in interest and other debt expense in our Condensed Consolidated Statements of Income and $(0.3) million and $(0.8) million , respectively, related to our natural gas swap agreements which were recorded in cost of goods sold in our Condensed Consolidated Statements of Income. See Note 6 for further information. Other comprehensive income before reclassifications related to foreign currency translation for the three and six months ended June 30, 2016 included (i) foreign currency (losses) gains related to translation of quarter-end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. dollar of $(6.0) million and $9.0 million , respectively, (ii) foreign currency (losses) related to intra-entity foreign currency transactions that are of a long-term investment nature of $(1.2) million and $(1.8) million , respectively, and (iii) foreign currency gains (losses) related to our net investment hedges of $1.4 million and $(4.8) million , respectively, excluding an income tax (provision) benefit of $(0.5) million and $1.8 million . See Note 6 for further discussion.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: June 30, June 30, Dec. 31, (Dollars in thousands) Raw materials $ 219,416 $ 204,195 $ 215,018 Work-in-process 131,029 121,144 118,947 Finished goods 534,124 516,931 371,561 Other 13,296 14,086 13,938 897,865 856,356 719,464 Adjustment to value inventory at cost on the LIFO method (91,326 ) (103,021 ) (91,326 ) $ 806,539 $ 753,335 $ 628,138

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following: June 30, June 30, Dec. 31, (Dollars in thousands) Bank debt Bank revolving loans $ 416,501 $ 407,000 $ — U.S. term loans 346,750 365,000 346,750 Canadian term loans 45,833 53,493 47,973 Euro term loans 232,262 246,994 227,434 Other foreign bank revolving and term loans 104,666 111,602 103,661 Total bank debt 1,146,012 1,184,089 725,818 5½% Senior Notes 300,000 300,000 300,000 5% Senior Notes 500,000 500,000 500,000 Total debt - principal 1,946,012 1,984,089 1,525,818 Less unamortized debt issuance costs 10,915 13,587 12,271 Total debt 1,935,097 1,970,502 1,513,547 Less current portion 569,892 532,639 152,398 $ 1,365,205 $ 1,437,863 $ 1,361,149 At June 30, 2016, amounts expected to be repaid within one year consisted of $477.5 million of bank revolving and term loans under our senior secured credit facility, or the Credit Agreement, and $92.4 million of foreign bank revolving and term loans.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2016
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments The financial instruments recorded in our Condensed Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, trade accounts payable, debt obligations and swap agreements. Due to their short-term maturity, the carrying amounts of trade accounts receivable and trade accounts payable approximate their fair market values. The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at June 30, 2016: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 120,467 $ 120,467 Liabilities: Bank debt $ 1,146,012 $ 1,146,012 5½% Senior Notes 300,000 310,875 5% Senior Notes 500,000 513,725 Interest rate swap agreements 858 858 Fair Value Measurements GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). GAAP classifies the inputs used to measure fair value into a hierarchy consisting of three levels. Level 1 inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs represent unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs represent unobservable inputs for the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Financial Instruments Measured at Fair Value The financial assets and liabilities that were measured on a recurring basis at June 30, 2016 consisted of our cash and cash equivalents, interest rate swap agreements and natural gas swap agreements. We measured the fair value of cash and cash equivalents using Level 1 inputs. We measured the fair value of the swap agreements using the income approach. The fair value of the swap agreements reflects the estimated amounts that we would pay or receive based on the present value of the expected cash flows derived from market interest rates and prices. As such, these derivative instruments were classified within Level 2. Financial Instruments Not Measured at Fair Value Our bank debt, 5½% Senior Notes due 2022, or the 5½% Notes, and 5% Senior Notes due 2020, or the 5% Notes, were recorded at historical amounts in our Condensed Consolidated Balance Sheets, as we have not elected to measure them at fair value. We measured the fair value of our variable rate bank debt using the market approach based on Level 2 inputs. Fair values of the 5½% Notes and the 5% Notes were estimated based on quoted market prices, a Level 1 input. Derivative Instruments and Hedging Activities Our derivative financial instruments were recorded in the Condensed Consolidated Balance Sheets at their fair values. Changes in fair values of derivatives are recorded in each period in earnings or comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. We utilize certain derivative financial instruments to manage a portion of our interest rate and natural gas cost exposures. We limit our use of derivative financial instruments to interest rate and natural gas swap agreements. We do not engage in trading or other speculative uses of these financial instruments. For a financial instrument to qualify as a hedge, we must be exposed to interest rate or price risk, and the financial instrument must reduce the exposure and be designated as a hedge. Financial instruments qualifying for hedge accounting must maintain a high correlation between the hedging instrument and the item being hedged, both at inception and throughout the hedged period. We utilize certain internal hedging strategies to minimize our foreign currency exchange rate risk. Net investment hedges that qualify for hedge accounting result in the recognition of foreign currency gains or losses, net of tax, in accumulated other comprehensive loss. We generally do not utilize external derivative financial instruments to manage our foreign currency exchange rate risk. Our interest rate and natural gas swap agreements are accounted for as cash flow hedges. During the first six months of 2016, our hedges were fully effective. The fair value of our outstanding interest rate swap agreements in effect at June 30, 2016 was included in accrued liabilities in our Condensed Consolidated Balance Sheet. The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2016 were losses, net of income taxes, of $0.3 million and $0.8 million , respectively. We estimate that we will reclassify losses of $0.5 million , net of income taxes, from the change in fair value of derivatives component of accumulated other comprehensive loss to earnings during the next twelve months. The actual amount that will be reclassified to earnings will vary from this amount as a result of changes in market conditions. Interest Rate Swap Agreements We have entered into U.S. dollar interest rate swap agreements to manage a portion of our exposure to interest rate fluctuations. At June 30, 2016, the aggregate notional principal amount of our outstanding interest rate swap agreements was $100.0 million . The difference between amounts to be paid or received on our interest rate swap agreements is recorded in interest and other debt expense in our Condensed Consolidated Statements of Income. For the three and six months ended June 30, 2016, net payments under our interest rate swap agreements were $0.2 million and $0.5 million , respectively. These agreements are with financial institutions which are expected to fully perform under the terms thereof. Natural Gas Swap Agreements We have entered into natural gas swap agreements with a major financial institution to manage a portion of our exposure to fluctuations in natural gas prices. At June 30, 2016, the aggregate notional principal amount of our natural gas swap agreements was 649,000 MMBtu of natural gas with fixed prices ranging from $2.92 to $3.21 per MMBtu, which hedged approximately 21 percent of our estimated twelve month exposure to fluctuations in natural gas prices. The difference between amounts to be paid or received on our natural gas swap agreements is recorded in cost of goods sold in our Condensed Consolidated Statements of Income. For the three and six months ended June 30, 2016, net payments under our natural gas swap agreements were $0.3 million and $0.8 million , respectively. These agreements are with a financial institution which is expected to fully perform under the terms thereof. Foreign Currency Exchange Rate Risk In an effort to minimize foreign currency exchange rate risk, we have financed acquisitions of foreign operations primarily with loans borrowed under our senior secured credit facilities denominated in Euros and Canadian dollars. In addition, where available, we have borrowed funds in local currency or implemented certain internal hedging strategies to minimize our foreign currency exchange rate risk related to foreign operations. We have designated substantially all of our Euro denominated borrowings under the Credit Agreement as net investment hedges. Foreign currency gains (losses) related to our net investment hedges included in accumulated other comprehensive loss for the three and six months ended June 30, 2016 were $1.4 million and $(4.8) million , respectively.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies A competition authority in Germany commenced an antitrust investigation involving the industry association for metal packaging in Germany and its members, including our metal container and closures subsidiaries in Germany. Given the early stage of the investigation, we cannot reasonably assess what actions may result from the investigation or estimate what costs we may incur as a result of the investigation. We are a party to other legal proceedings, contract disputes and claims arising in the ordinary course of our business, none of which are expected to have a material adverse effect on our business or financial condition.

Retirement Benefits

Retirement Benefits	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Retirement Benefits	Retirement Benefits The components of the net periodic pension benefit cost (credit) were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 3,321 $ 3,951 $ 6,634 $ 8,001 Interest cost 6,444 7,142 12,878 14,291 Expected return on plan assets (14,583 ) (15,698 ) (29,166 ) (31,353 ) Amortization of prior service cost 151 268 302 514 Amortization of actuarial losses 2,084 1,833 4,167 3,666 Special termination benefits 2,900 — 2,900 — Curtailment loss 180 — 180 — Net periodic benefit cost (credit) $ 497 $ (2,504 ) $ (2,105 ) $ (4,881 ) Special termination benefits and curtailment loss were included in rationalization charges for our metal container business segment in each of the three and six months ended June 30, 2016. The components of the net periodic other postretirement benefit credit were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 69 $ 136 $ 136 $ 279 Interest cost 253 349 507 709 Amortization of prior service credit (850 ) (736 ) (1,700 ) (1,472 ) Amortization of actuarial gains (170 ) (63 ) (288 ) (127 ) Net periodic benefit credit $ (698 ) $ (314 ) $ (1,345 ) $ (611 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Silgan and its subsidiaries file U.S. Federal income tax returns, as well as income tax returns in various states and foreign jurisdictions. We have been accepted into the Compliance Assurance Program for the 2015 and 2016 tax years which provides for the review by the Internal Revenue Service of tax matters relating to our tax return prior to filing. We do not expect a material change to our unrecognized tax benefits within the next twelve months.

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Treasury Stock	Treasury Stock On February 28, 2014, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock, inclusive of prior authorizations, from time to time through and including December 31, 2019. At June 30, 2016, we had approximately $106.0 million remaining under this authorization for the repurchase of our common stock. During the first six months of 2016, we issued 127,370 treasury shares which had an average cost of $6.30 per share for restricted stock units that vested during the period. In accordance with the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, we repurchased 42,738 shares of our common stock at an average cost of $51.57 to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units. We account for treasury shares using the first-in, first-out (FIFO) cost method. As of June 30, 2016, 27,078,911 shares of our common stock were held in treasury.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation We currently have one stock-based compensation plan in effect, under which we have issued options and restricted stock units to our officers, other key employees and outside directors. During the first six months of 2016, 199,148 restricted stock units were granted to certain of our officers, other key employees and outside directors. The fair value of these restricted stock units at the grant date was $10.3 million , which is being amortized ratably over the respective vesting period from the grant date.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Reportable business segment information for the three and six months ended June 30 was as follows: Metal Closures Plastic Corporate Total (Dollars in thousands) Three Months Ended June 30, 2016 Net sales $ 529,604 $ 206,492 $ 138,546 $ — $ 874,642 Depreciation and amortization (1) 17,997 9,702 8,058 27 35,784 Rationalization charges 4,054 293 691 — 5,038 Segment income from operations 45,873 25,301 1,017 (4,540 ) 67,651 Three Months Ended June 30, 2015 Net sales $ 553,698 $ 207,156 $ 153,375 $ — $ 914,229 Depreciation and amortization (1) 17,464 9,175 8,659 31 35,329 Rationalization charges — 810 149 — 959 Segment income from operations 48,300 24,584 9,414 (4,007 ) 78,291 Six Months Ended June 30, 2016 Net sales $ 983,059 $ 402,601 $ 281,719 $ — $ 1,667,379 Depreciation and amortization (1) 35,947 19,116 15,840 55 70,958 Rationalization charges 4,054 417 1,637 — 6,108 Segment income from operations 83,489 49,820 1,068 (9,281 ) 125,096 Six Months Ended June 30, 2015 Net sales $ 1,012,596 $ 405,235 $ 312,998 $ — $ 1,730,829 Depreciation and amortization (1) 34,655 18,902 17,350 63 70,970 Rationalization charges — 1,146 538 — 1,684 Segment income from operations 88,967 46,159 18,625 (8,399 ) 145,352 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million in each of the three months ended June 30, 2016 and 2015 and $2.1 million in each of the six months ended June 30, 2016 and 2015. Total segment income from operations is reconciled to income before income taxes as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Total segment income from operations $ 67,651 $ 78,291 $ 125,096 $ 145,352 Interest and other debt expense 16,883 16,762 33,339 33,205 Income before income taxes $ 50,768 $ 61,529 $ 91,757 $ 112,147 Sales and income from operations of our metal container business and part of our closures business are dependent, in part, upon fruit and vegetable harvests. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual income from operations during that quarter.

Significant Accounting Polici20

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation . The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year. The Condensed Consolidated Balance Sheet at December 31, 2015 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. Certain prior year's amounts have been reclassified to conform with the current year's presentation. You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015.
Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements. In July 2015, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends existing guidance for measuring inventories. This amendment requires us to measure inventories recorded using the first-in, first-out method and the average cost method at the lower of cost and net realizable value. This amendment did not change the methodology for measuring inventories recorded using the last-in, first-out method. As permitted, we have adopted this amendment early, effective January 1, 2016, and have applied it prospectively. The adoption of this amendment did not have a material effect on our financial position, results of operations or cash flows. In March 2016, the FASB issued an ASU that amends the guidance for stock compensation accounting. This amendment (i) requires all income tax effects of stock-based compensation awards to be recognized in the statement of income when such awards vest or are settled, (ii) allows an employer to repurchase more of an employee's shares upon the vesting or settlement of an award than it could have previously for tax withholding purposes without triggering liability accounting, (iii) allows an employer to make a policy election to recognize forfeitures in respect of awards as they occur and (iv) specifies certain classifications on the statement of cash flows related to excess tax benefits and shares repurchased from employees for tax withholding purposes. As permitted, we have adopted this amendment early, effective January 1, 2016, and have applied it (i) prospectively as it related to recognizing income tax effects of awards in the statement of income, (ii) using the modified retrospective method as it related to classifying certain awards as equity rather than liabilities and recognizing forfeitures as they occur, and (iii) using the retrospective method as it related to classifying excess tax benefits on the statement of cash flows. The adoption of this amendment did not have a material effect on our financial position, results of operations or cash flows. Recently Issued Accounting Pronouncements. In May 2014, the FASB issued an ASU that amends the guidance for revenue recognition. This amendment contains principles that will require an entity to recognize revenue to depict the transfer of goods and services to customers at an amount that an entity expects to be entitled to in exchange for those goods or services. This amendment permits the use of one of two retrospective transition methods. This amendment will be effective for us on January 1, 2018, with early adoption permitted up to one year prior to the effective date. We have not yet selected a transition method and are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows. In February 2016, the FASB issued an ASU that amends existing guidance for certain leases by lessees. This amendment will require us to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. In addition, this amendment clarifies the presentation requirements of the effects of leases in the statement of income and statement of cash flows. This amendment will be effective for us on January 1, 2019. Early adoption is permitted. This amendment is required to be adopted using a modified retrospective approach. We are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows.

Rationalization Charges (Tables

Rationalization Charges (Tables)	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Activity in Rationalization Plan Reserves	Rationalization charges by business segment were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Metal containers $ 4,054 $ — $ 4,054 $ — Closures 293 810 417 1,146 Plastic containers 691 149 1,637 538 $ 5,038 $ 959 $ 6,108 $ 1,684 Activity in reserves for our rationalization plans for the six months ended June 30 was as follows: Employee Severance and Benefits Non-Cash Retirement Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2015 $ 3,026 $ — $ 268 $ — $ 3,294 Charged to expense 2,173 3,080 640 215 6,108 Utilized and currency translation (3,116 ) (3,080 ) (614 ) (215 ) (7,025 ) Balance at June 30, 2016 $ 2,083 $ — $ 294 $ — $ 2,377

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax	Amounts included in accumulated other comprehensive loss, net of tax, were as follows: Unrecognized Net Defined Benefit Plan Costs Change in Fair Value of Derivatives Foreign Currency Translation Total (Dollars in thousands) Balance at December 31, 2015 $ (84,280 ) $ (988 ) $ (123,538 ) $ (208,806 ) Other comprehensive income before reclassifications — (334 ) 4,238 3,904 Amounts reclassified from accumulated other comprehensive loss 1,811 795 — 2,606 Other comprehensive income 1,811 461 4,238 6,510 Balance at June 30, 2016 $ (82,469 ) $ (527 ) $ (119,300 ) $ (202,296 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, June 30, Dec. 31, (Dollars in thousands) Raw materials $ 219,416 $ 204,195 $ 215,018 Work-in-process 131,029 121,144 118,947 Finished goods 534,124 516,931 371,561 Other 13,296 14,086 13,938 897,865 856,356 719,464 Adjustment to value inventory at cost on the LIFO method (91,326 ) (103,021 ) (91,326 ) $ 806,539 $ 753,335 $ 628,138

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt consisted of the following: June 30, June 30, Dec. 31, (Dollars in thousands) Bank debt Bank revolving loans $ 416,501 $ 407,000 $ — U.S. term loans 346,750 365,000 346,750 Canadian term loans 45,833 53,493 47,973 Euro term loans 232,262 246,994 227,434 Other foreign bank revolving and term loans 104,666 111,602 103,661 Total bank debt 1,146,012 1,184,089 725,818 5½% Senior Notes 300,000 300,000 300,000 5% Senior Notes 500,000 500,000 500,000 Total debt - principal 1,946,012 1,984,089 1,525,818 Less unamortized debt issuance costs 10,915 13,587 12,271 Total debt 1,935,097 1,970,502 1,513,547 Less current portion 569,892 532,639 152,398 $ 1,365,205 $ 1,437,863 $ 1,361,149

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, All Other Investments [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Other Financial Instruments	The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at June 30, 2016: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 120,467 $ 120,467 Liabilities: Bank debt $ 1,146,012 $ 1,146,012 5½% Senior Notes 300,000 310,875 5% Senior Notes 500,000 513,725 Interest rate swap agreements 858 858

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The components of the net periodic pension benefit cost (credit) were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 3,321 $ 3,951 $ 6,634 $ 8,001 Interest cost 6,444 7,142 12,878 14,291 Expected return on plan assets (14,583 ) (15,698 ) (29,166 ) (31,353 ) Amortization of prior service cost 151 268 302 514 Amortization of actuarial losses 2,084 1,833 4,167 3,666 Special termination benefits 2,900 — 2,900 — Curtailment loss 180 — 180 — Net periodic benefit cost (credit) $ 497 $ (2,504 ) $ (2,105 ) $ (4,881 ) Special termination benefits and curtailment loss were included in rationalization charges for our metal container business segment in each of the three and six months ended June 30, 2016. The components of the net periodic other postretirement benefit credit were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 69 $ 136 $ 136 $ 279 Interest cost 253 349 507 709 Amortization of prior service credit (850 ) (736 ) (1,700 ) (1,472 ) Amortization of actuarial gains (170 ) (63 ) (288 ) (127 ) Net periodic benefit credit $ (698 ) $ (314 ) $ (1,345 ) $ (611 )

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Reportable Business Segment Information	Reportable business segment information for the three and six months ended June 30 was as follows: Metal Closures Plastic Corporate Total (Dollars in thousands) Three Months Ended June 30, 2016 Net sales $ 529,604 $ 206,492 $ 138,546 $ — $ 874,642 Depreciation and amortization (1) 17,997 9,702 8,058 27 35,784 Rationalization charges 4,054 293 691 — 5,038 Segment income from operations 45,873 25,301 1,017 (4,540 ) 67,651 Three Months Ended June 30, 2015 Net sales $ 553,698 $ 207,156 $ 153,375 $ — $ 914,229 Depreciation and amortization (1) 17,464 9,175 8,659 31 35,329 Rationalization charges — 810 149 — 959 Segment income from operations 48,300 24,584 9,414 (4,007 ) 78,291 Six Months Ended June 30, 2016 Net sales $ 983,059 $ 402,601 $ 281,719 $ — $ 1,667,379 Depreciation and amortization (1) 35,947 19,116 15,840 55 70,958 Rationalization charges 4,054 417 1,637 — 6,108 Segment income from operations 83,489 49,820 1,068 (9,281 ) 125,096 Six Months Ended June 30, 2015 Net sales $ 1,012,596 $ 405,235 $ 312,998 $ — $ 1,730,829 Depreciation and amortization (1) 34,655 18,902 17,350 63 70,970 Rationalization charges — 1,146 538 — 1,684 Segment income from operations 88,967 46,159 18,625 (8,399 ) 145,352 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million in each of the three months ended June 30, 2016 and 2015 and $2.1 million in each of the six months ended June 30, 2016 and 2015.
Reconciliation of Segment Income from Operations to Income before Income Taxes	Total segment income from operations is reconciled to income before income taxes as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Total segment income from operations $ 67,651 $ 78,291 $ 125,096 $ 145,352 Interest and other debt expense 16,883 16,762 33,339 33,205 Income before income taxes $ 50,768 $ 61,529 $ 91,757 $ 112,147

Rationalization Charges Activit

Rationalization Charges Activity in Rationalization Plan Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015			$ 3,294
Charged to expense	$ 5,038	$ 959	6,108	$ 1,684
Utilized and currency translation			(7,025)
Balance at June 30, 2016	2,377		2,377
Employee Severance and Benefits [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015			3,026
Charged to expense			2,173
Utilized and currency translation			(3,116)
Balance at June 30, 2016	2,083		2,083
Non-Cash Retirement Benefit Curtailment
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015			0
Charged to expense			3,080
Utilized and currency translation			(3,080)
Balance at June 30, 2016	0		0
Plant Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015			268
Charged to expense			640
Utilized and currency translation			(614)
Balance at June 30, 2016	294		294
Non-Cash Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Charged to expense			215
Utilized and currency translation			(215)
Metal Containers [Member]
Restructuring Reserve [Roll Forward]
Charged to expense	4,054	0	4,054	0
Closures [Member]
Restructuring Reserve [Roll Forward]
Charged to expense	293	810	417	1,146
Plastic Containers [Member]
Restructuring Reserve [Roll Forward]
Charged to expense	$ 691	$ 149	$ 1,637	$ 538

Rationalization Charges Activ29

Rationalization Charges Activity in Rationalization Plan Reserves (Details II) $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Remaining expenses for our rationalization plans expected within the next twelve months	$ 4.9
Remaining cash expenditures for our rationalization plans expected within the next twelve months	$ 8.2

Amounts Included in Accumulated

Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2015			$ (208,806)
Other comprehensive income before reclassifications			3,904
Amounts reclassified from accumulated other comprehensive loss			2,606
Other comprehensive (loss) income	$ (4,840)	$ 12,522	6,510	$ (17,155)
Balance at June 30, 2016	(202,296)	$ (182,779)	(202,296)	$ (182,779)
Unrecognized Net Defined Benefit Plan Costs [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2015			(84,280)
Other comprehensive income before reclassifications			0
Amounts reclassified from accumulated other comprehensive loss			1,811
Other comprehensive (loss) income			1,811
Balance at June 30, 2016	(82,469)		(82,469)
Change in Fair Value of Derivatives [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2015			(988)
Other comprehensive income before reclassifications			(334)
Amounts reclassified from accumulated other comprehensive loss			795
Other comprehensive (loss) income			461
Balance at June 30, 2016	(527)		(527)
Foreign Currency Translation [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2015			(123,538)
Other comprehensive income before reclassifications			4,238
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive (loss) income			4,238
Balance at June 30, 2016	$ (119,300)		$ (119,300)

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss) Foreign Currency Translation adjustment, net of tax	$ (6,254)	$ 11,324	$ 4,238	$ (18,945)
Unrecognized Net Defined Benefit Plan Costs [Member]
Accumulated Other Comprehensive Income [Line Items]
Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	(1,400)		(2,700)
Benefit for Income Taxes	500		900
Net Prior Service Credit Arising During the Period, Before Tax	500		1,200
Amortization of Net Actuarial Losses, Before Tax	(1,900)		(3,900)
Change in Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(500)		(1,300)
Benefit for Income Taxes	200		500
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss) Foreign Currency Translation adjustment, net of tax	(6,000)		9,000
Foreign Currency Transaction and Translation Gain (Loss) Related to Net Investment Hedges, Before Reclassification and Tax	1,400		(4,800)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period Related to Intra-Entity Transactions of a Long-Term Investment Nature, Net of Tax	(1,200)		(1,800)
(Provision) Benefit for Income Taxes	(500)		1,800
Cost of Goods, Total [Member] | Natural Gas [Member] | Change in Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(300)		(800)
Interest Expense [Member] | Interest Rate Contract [Member] | Change in Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (200)		$ (500)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 219,416	$ 215,018	$ 204,195
Work-in-process	131,029	118,947	121,144
Finished goods	534,124	371,561	516,931
Other	13,296	13,938	14,086
Inventory, Gross, Total	897,865	719,464	856,356
Adjustment to value inventory	(91,326)	(91,326)	(103,021)
Inventories	$ 806,539	$ 628,138	$ 753,335

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Debt Instrument [Line Items]
Total debt - principal	$ 1,946,012	$ 1,525,818	$ 1,984,089
Unamortized debt issuance costs	10,915	12,271	13,587
Debt Long Term and Short Term Less Unamortized Debt Issuance Expense Combined Amount	1,935,097	1,513,547	1,970,502
Current portion	569,892	152,398	532,639
Long-term debt	1,365,205	1,361,149	1,437,863
Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	1,146,012	725,818	1,184,089
5 1/2% Senior Notes [Member]
Debt Instrument [Line Items]
Total debt - principal	300,000	300,000	300,000
5% Senior Notes [Member]
Debt Instrument [Line Items]
Total debt - principal	500,000	500,000	500,000
Revolving Loan [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	$ 416,501	$ 0	$ 407,000
Senior Notes [Member] | 5 1/2% Senior Notes [Member]
Debt Instrument [Line Items]
Senior note interest rate (percent)	5.50%	5.50%	5.50%
Senior Notes [Member] | 5% Senior Notes [Member]
Debt Instrument [Line Items]
Senior note interest rate (percent)	5.00%	5.00%	5.00%
Bank revolving loans and term loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Current portion	$ 477,500
U S Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	346,750	$ 346,750	$ 365,000
Canadian Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	45,833	47,973	53,493
Euro Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	232,262	227,434	246,994
Other Foreign Bank Revolving And Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal	104,666	$ 103,661	$ 111,602
Current portion	$ 92,400

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)MMBTU$ / MMBTU	Jun. 30, 2016USD ($)MMBTU$ / MMBTU
Derivative [Line Items]
Amount of losses, net of income taxes, reclassified to earnings from change in fair value of derivatives component of accumulated other comprehensive loss	$ 300	$ 800
Estimated reclassification of losses, net of income taxes, from the change in fair value of derivatives component of accumulated other comprehensive loss to earnings during the next twelve months	500
Interest Rate Swap [Member]
Derivative [Line Items]
Aggregate notional principal amount of outstanding interest rate swap agreements	100,000	100,000
Net payments under derivative swap agreements	200	500
Natural Gas [Member]
Derivative [Line Items]
Net payments under derivative swap agreements	$ 300	$ 800
Principal amount of natural gas swap agreements (mmbtu) | MMBTU	649,000	649,000
Hedged portion of estimated twelve month exposure to natural gas price fluctuations (percent)	21.00%	21.00%
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	$ 120,467	$ 120,467
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	858	858
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	120,467	120,467
Estimate of Fair Value, Fair Value Disclosure [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	858	858
Bank debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,146,012	1,146,012
Bank debt [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,146,012	1,146,012
5 1/2% Senior Notes [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	300,000	300,000
5 1/2% Senior Notes [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	310,875	310,875
5% Senior Notes [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	500,000	500,000
5% Senior Notes [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	$ 513,725	$ 513,725
Minimum [Member] | Natural Gas [Member]
Derivative [Line Items]
Natural gas fixed price | $ / MMBTU	2.92	2.92
Maximum [Member] | Natural Gas [Member]
Derivative [Line Items]
Natural gas fixed price | $ / MMBTU	3.21	3.21
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Derivative [Line Items]
Foreign currency gains (losses) of net investment hedges included in accumulated other comprehensive loss	$ 1,400	$ (4,800)

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3,321	$ 3,951	$ 6,634	$ 8,001
Interest cost	6,444	7,142	12,878	14,291
Expected return on plan assets	(14,583)	(15,698)	(29,166)	(31,353)
Amortization of prior service cost (credit)	151	268	302	514
Amortization of actuarial losses (gains)	2,084	1,833	4,167	3,666
Special termination benefits	2,900	0	2,900	0
Curtailment loss	180	0	180	0
Net periodic cost (credit)	497	(2,504)	(2,105)	(4,881)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	69	136	136	279
Interest cost	253	349	507	709
Amortization of prior service cost (credit)	(850)	(736)	(1,700)	(1,472)
Amortization of actuarial losses (gains)	(170)	(63)	(288)	(127)
Net periodic cost (credit)	$ (698)	$ (314)	$ (1,345)	$ (611)

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2016	Feb. 28, 2014
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount		$ 300
Remaining authorized repurchase amount	$ 106
Treasury stock (shares)	27,078,911
2004 Amended and Restated Stock Incentive Plan
Equity, Class of Treasury Stock [Line Items]
Treasury shares issued (shares)	127,370
Issuance of treasury shares, average cost per share (usd per share)	$ 6.30
Shares repurchased to satisfy minumum employee withholding tax requirements resulting from the vesting of such restricted stock units (shares)	42,738
Average cost per share of treasury stock acquired	$ 51.57

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Restricted stock units [Member] $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (shares) | shares	199,148
Fair value of restricted stock units granted | $	$ 10.3

Reportable Business Segment Inf

Reportable Business Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net sales		$ 874,642	$ 914,229	$ 1,667,379	$ 1,730,829
Depreciation and amortization	[1]	35,784	35,329	70,958	70,970
Rationalization charges		5,038	959	6,108	1,684
Segment income from operations		67,651	78,291	125,096	145,352
Amortization of debt issuance costs excluded from depreciation and amortization		1,000	1,000	2,100	2,100
Metal Containers [Member]
Segment Reporting Information [Line Items]
Net sales		529,604	553,698	983,059	1,012,596
Depreciation and amortization		17,997	17,464	35,947	34,655
Rationalization charges		4,054	0	4,054	0
Segment income from operations		45,873	48,300	83,489	88,967
Closures [Member]
Segment Reporting Information [Line Items]
Net sales		206,492	207,156	402,601	405,235
Depreciation and amortization		9,702	9,175	19,116	18,902
Rationalization charges		293	810	417	1,146
Segment income from operations		25,301	24,584	49,820	46,159
Plastic Containers [Member]
Segment Reporting Information [Line Items]
Net sales		138,546	153,375	281,719	312,998
Depreciation and amortization		8,058	8,659	15,840	17,350
Rationalization charges		691	149	1,637	538
Segment income from operations		1,017	9,414	1,068	18,625
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales		0	0	0	0
Depreciation and amortization		27	31	55	63
Rationalization charges		0	0	0	0
Segment income from operations		$ (4,540)	$ (4,007)	$ (9,281)	$ (8,399)
[1]	Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million in each of the three months ended June 30, 2016 and 2015 and $2.1 million in each of the six months ended June 30, 2016 and 2015.

Reconciliation of Segment Incom

Reconciliation of Segment Income from Operations to Income before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting [Abstract]
Total segment income from operations	$ 67,651	$ 78,291	$ 125,096	$ 145,352
Interest and other debt expense	16,883	16,762	33,339	33,205
Income before income taxes	$ 50,768	$ 61,529	$ 91,757	$ 112,147