Silgan (SLGN) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	000-22117
Entity Registrant Name	SILGAN HOLDINGS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-1269834
Entity Address, Address Line One	4 Landmark Square
Entity Address, City or Town	Stamford,
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06901
City Area Code	203
Local Phone Number	975-7110
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	SLGN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		110,768,306
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000849869
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 117,389	$ 72,819	$ 171,369
Trade accounts receivable, net	751,404	511,332	783,306
Inventories	703,206	634,806	690,378
Prepaid expenses and other current assets	61,310	71,177	67,492
Total current assets	1,633,309	1,290,134	1,712,545
Property, plant and equipment, net	1,522,541	1,517,510	1,502,231
Goodwill	1,128,151	1,148,302	1,156,051
Other intangible assets, net	358,046	383,448	392,144
Other assets, net	431,970	239,900	295,228
Assets, Total	5,074,017	4,579,294	5,058,199
Current liabilities:
Revolving loans and current portion of long-term debt	841,430	170,214	733,404
Trade accounts payable	550,557	712,739	552,897
Accrued payroll and related costs	69,191	68,773	71,658
Accrued liabilities	156,599	127,342	101,895
Total current liabilities	1,617,777	1,079,068	1,459,854
Long-term debt	1,809,955	2,134,400	2,186,275
Deferred income taxes	274,107	268,036	279,449
Other liabilities	403,648	216,525	220,704
Stockholders’ equity:
Common stock	1,751	1,751	1,751
Paid-in capital	285,061	276,062	272,301
Retained earnings	2,118,860	1,997,785	1,970,875
Accumulated other comprehensive loss	(287,923)	(268,808)	(212,256)
Treasury stock	(1,149,219)	(1,125,525)	(1,120,754)
Total stockholders’ equity	968,530	881,265	911,917
Liabilities and Equity, Total	$ 5,074,017	$ 4,579,294	$ 5,058,199

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 1,321,342	$ 1,306,999	$ 3,441,635	$ 3,378,383
Cost of goods sold	1,113,727	1,102,892	2,884,510	2,840,991
Gross profit	207,615	204,107	557,125	537,392
Selling, general and administrative expenses	76,065	73,690	233,816	228,691
Rationalization charges	3,195	288	48,594	1,483
Other pension and postretirement income	(4,340)	(8,326)	(13,320)	(27,536)
Income before interest and income taxes	132,695	138,455	288,035	334,754
Interest and other debt expense before loss on early extinguishment of debt	26,767	28,199	82,272	88,602
Loss on early extinguishment of debt	1,676	0	1,676	2,493
Interest and other debt expense	28,443	28,199	83,948	91,095
Income before income taxes	104,252	110,256	204,087	243,659
Provision for income taxes	22,978	25,517	45,117	57,857
Net income	$ 81,274	$ 84,739	$ 158,970	$ 185,802
Earnings per share
Basic net income per share (usd per share)	$ 0.73	$ 0.77	$ 1.43	$ 1.68
Diluted net income per share (usd per share)	$ 0.73	$ 0.76	$ 1.43	$ 1.66
Weighted average number of shares
Basic (in shares)	111,058	110,657	110,985	110,599
Effect of dilutive securities (in shares)	463	1,036	554	1,010
Diluted (in shares)	111,521	111,693	111,539	111,609

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 81,274	$ 84,739	$ 158,970	$ 185,802
Other comprehensive income (loss), net of tax:
Changes in net prior service credit and actuarial losses	2,625	807	7,745	2,441
Change in fair value of derivatives	(159)	476	(2,647)	673
Foreign currency translation	(25,016)	(4,576)	(24,213)	(26,397)
Other comprehensive loss	(22,550)	(3,293)	(19,115)	(23,283)
Comprehensive income	$ 58,724	$ 81,446	$ 139,855	$ 162,519

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows provided by (used in) operating activities:
Net income	$ 158,970	$ 185,802
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	156,780	146,246
Rationalization charges	48,594	1,483
Stock compensation expense	12,669	11,162
Loss on early extinguishment of debt	1,676	2,493
Other changes that provided (used) cash:
Trade accounts receivable, net	(250,783)	(271,636)
Inventories	(75,414)	(32,743)
Trade accounts payable	(63,609)	(11,185)
Accrued liabilities	(10,475)	(11,227)
Other, net	19,181	(7,304)
Net cash (used in) provided by operating activities	(2,411)	13,091
Cash flows provided by (used in) investing activities:
Capital expenditures	(166,848)	(134,636)
Other, net	509	236
Net cash used in investing activities	(166,339)	(134,400)
Cash flows provided by (used in) financing activities:
Borrowings under revolving loans	1,139,329	923,639
Repayments under revolving loans	(464,759)	(266,477)
Repayments of long-term debt	(308,161)	(286,200)
Changes in outstanding checks - principally vendors	(83,670)	(87,795)
Dividends paid on common stock	(38,615)	(33,843)
Debt issuance costs	0	(2,866)
Repurchase of common stock under stock plan	(27,364)	(3,057)
Net cash provided by financing activities	216,760	243,401
Effect of exchange rate changes on cash and cash equivalents	(3,440)	(4,256)
Cash and cash equivalents:
Net increase	44,570	117,836
Balance at beginning of year	72,819	53,533
Balance at end of period	117,389	171,369
Interest paid, net	97,630	104,040
Income taxes paid, net	$ 31,067	$ 39,400

Condensed Consolidated Statem_4

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, 2017		$ 1,751	$ 262,201	$ 1,809,845	$ (188,973)	$ (1,118,759)
Beginning Balance (in shares) at Dec. 31, 2017		110,385
Increase (Decrease) in Stockholders' Equity
Net income	$ 185,802			185,802
Other comprehensive (loss) income	$ (23,283)				(23,283)
Dividends declared on common stock				(33,833)
Dividends per share (usd per share)	$ 0.30
Stock compensation expense			11,162
Net issuance of treasury stock for vested restricted stock units (in shares)		233
Net issuance of treasury stock for vested restricted stock units			(1,062)			(1,995)
Adoption of accounting standards update related to leases in 2019 and revenue recognition in 2018				9,061
Ending Balance at Sep. 30, 2018	$ 911,917	$ 1,751	272,301	1,970,875	(212,256)	(1,120,754)
Ending Balance (in shares) at Sep. 30, 2018		110,618
Beginning Balance at Jun. 30, 2018		$ 1,751	268,559	1,897,417	(208,963)	(1,120,754)
Beginning Balance (in shares) at Jun. 30, 2018		110,618
Increase (Decrease) in Stockholders' Equity
Net income	84,739			84,739
Other comprehensive (loss) income	$ (3,293)				(3,293)
Dividends declared on common stock				(11,281)
Dividends per share (usd per share)	$ 0.10
Stock compensation expense			3,742
Net issuance of treasury stock for vested restricted stock units (in shares)		0
Net issuance of treasury stock for vested restricted stock units			0			0
Adoption of accounting standards update related to leases in 2019 and revenue recognition in 2018				0
Ending Balance at Sep. 30, 2018	$ 911,917	$ 1,751	272,301	1,970,875	(212,256)	(1,120,754)
Ending Balance (in shares) at Sep. 30, 2018		110,618
Beginning Balance at Dec. 31, 2018	881,265	$ 1,751	276,062	1,997,785	(268,808)	(1,125,525)
Beginning Balance (in shares) at Dec. 31, 2018		110,430
Increase (Decrease) in Stockholders' Equity
Net income	158,970			158,970
Other comprehensive (loss) income	$ (19,115)				(19,115)
Dividends declared on common stock				(37,302)
Dividends per share (usd per share)	$ 0.33
Stock compensation expense			12,669
Net issuance of treasury stock for vested restricted stock units (in shares)		746
Net issuance of treasury stock for vested restricted stock units			(3,670)			(11,582)
Adoption of accounting standards update related to leases in 2019 and revenue recognition in 2018				(593)
Repurchases of common stock						(12,112)
Repurchases of common stock, shares		(408)
Ending Balance at Sep. 30, 2019	$ 968,530	$ 1,751	285,061	2,118,860	(287,923)	(1,149,219)
Ending Balance (in shares) at Sep. 30, 2019		110,768
Beginning Balance at Jun. 30, 2019		$ 1,751	280,636	2,049,995	(265,373)	(1,137,107)
Beginning Balance (in shares) at Jun. 30, 2019		111,176
Increase (Decrease) in Stockholders' Equity
Net income	81,274			81,274
Other comprehensive (loss) income	$ (22,550)				(22,550)
Dividends declared on common stock				(12,409)
Dividends per share (usd per share)	$ 0.11
Stock compensation expense			4,425
Net issuance of treasury stock for vested restricted stock units (in shares)		0
Net issuance of treasury stock for vested restricted stock units			0			0
Adoption of accounting standards update related to leases in 2019 and revenue recognition in 2018				0
Repurchases of common stock						(12,112)
Repurchases of common stock, shares		(408)
Ending Balance at Sep. 30, 2019	$ 968,530	$ 1,751	$ 285,061	$ 2,118,860	$ (287,923)	$ (1,149,219)
Ending Balance (in shares) at Sep. 30, 2019		110,768

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
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, 2018 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. 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, 2018. Goodwill and Other Intangible Assets. We review goodwill and other indefinite-lived intangible assets for impairment as of July 1 of each year and more frequently if circumstances indicate a possible impairment. We determined that our goodwill and other indefinite-lived intangible assets were not impaired in our annual 2019 assessment performed during the third quarter. Recently Adopted Accounting Pronouncements. In February 2016, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends existing guidance for certain leases by lessees. This amendment required 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. We adopted this amendment on January 1, 2019 using the transition method, which allowed us to recognize the effects of applying this amendment as a cumulative effect to retained earnings as of January 1, 2019. We elected certain practical expedients permitted under the transition guidance for this amendment, which did not require us to reassess whether other contracts contain leases and allowed us to carryforward our lease classifications determined under the previous guidance. In addition, we elected to retain our previously determined assumptions concerning options to extend or terminate our leases. As a result of the adoption of this amendment, we recognized additional long-term assets of $160.8 million , additional related lease liabilities of $161.4 million and reduced retained earnings by $0.6 million all on January 1, 2019. The adoption of this amendment did not have a material impact on our results of operations or cash flows. See Note 2 for further information.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases We have noncancelable operating leases for office and plant facilities, equipment and automobiles that expire at various dates through 2040. Certain operating leases have renewal options and rent escalation clauses as well as various purchase options. Lease right-of-use assets represent the right to use an underlying asset pursuant to the lease for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Lease right-of-use assets and lease liabilities are recognized at the commencement of an arrangement where it is determined at inception that a lease exists. These assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using our incremental borrowing rate generally applicable to the location of the lease right-of-use asset, unless an implicit rate is readily determinable. We combine lease and certain non-lease components in determining the lease payments subject to the initial present value calculation. Lease right-of-use assets include upfront lease payments and exclude lease incentives, where applicable. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Lease expense for operating leases consists of both fixed and variable components. Expense related to fixed lease payments are recognized on a straight-line basis over the lease term. Variable lease payments are generally expensed as incurred, where applicable, and include certain index-based changes in rent, certain non-lease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. Leases with an initial term of twelve months or less are not recorded on the balance sheet. The depreciable life of lease right-of-use assets is generally the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise for such assets. We recognized total lease expense of $18.7 million and $52.6 million for the three and nine months ended September 30, 2019, respectively, primarily related to operating lease costs paid to lessors from operating cash flows. We did not recognize any new significant leases in our Condensed Consolidated Balance Sheet for the period ended September 30, 2019. The aggregate annual maturities of operating lease liabilities are as follows (dollars in thousands): Three months ended December 31, 2019 $ 11,459 2020 44,800 2021 38,031 2022 30,278 2023 25,417 Thereafter 93,783 Total lease payments 243,768 Less imputed interest (48,051 ) Total $ 195,717 Operating lease right-of-use assets as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as other assets, net of $187.3 million . Operating lease liabilities of $195.7 million as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as accrued liabilities of $35.3 million and other liabilities of $160.4 million . At September 30, 2019, our operating leases had a weighted average discount rate of 5.7 percent and a weighted average remaining lease term of approximately seven years . To a lesser extent, we have certain leases that qualify as finance leases. Finance lease right-of-use assets as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as property, plant and equipment, net of $33.9 million . Finance lease liabilities of $33.4 million as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as revolving loans and current portion of long term-debt of $1.6 million and long-term debt of $31.8 million . At September 30, 2019, we did not have any significant operating or finance leases that had not commenced.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue Recognition [Abstract]
Revenue	Revenue The following tables present our revenues disaggregated by reportable business segment and geography as they best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Revenues by business segment were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Metal containers $ 822,262 $ 797,768 $ 1,904,941 $ 1,808,585 Closures 353,436 360,816 1,072,979 1,109,924 Plastics 145,644 148,415 463,715 459,874 $ 1,321,342 $ 1,306,999 $ 3,441,635 $ 3,378,383 Revenues by geography were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) North America $ 1,078,187 $ 1,056,099 $ 2,747,518 $ 2,651,225 Europe and other 243,155 250,900 694,117 727,158 $ 1,321,342 $ 1,306,999 $ 3,441,635 $ 3,378,383 Our contracts generally include standard commercial payment terms generally acceptable in each region. We do not provide financing with extended payment terms beyond generally standard commercial payment terms for the applicable industry. We have no significant obligations for refunds, warranties or similar obligations. Trade accounts receivable, net are shown separately on our Condensed Consolidated Balance Sheet. Contract assets are the result of the timing of revenue recognition, billings and cash collections. Our contract assets primarily consist of unbilled accounts receivable related to over time revenue recognition and were $73.4 million , $77.2 million , and $72.5 million

Rationalization Charges

Rationalization Charges	9 Months Ended
	Sep. 30, 2019
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 Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Metal containers $ 3,035 $ 72 $ 42,280 $ 812 Closures 72 111 5,979 150 Plastic containers 88 105 335 521 $ 3,195 $ 288 $ 48,594 $ 1,483 In June 2019, we announced a footprint optimization plan for our metal container business, which includes the closing of our metal container manufacturing facilities in Mt. Vernon, Missouri and Waupun, Wisconsin anticipated to occur in the fourth quarter of 2019. These plant closings, in conjunction with the prior ratification of a new labor agreement at our Menomonee Falls, Wisconsin metal container manufacturing facility that provided for the withdrawal for that facility from the Central States, Southeast and Southwest Areas Pension Plan, or the Central States Pension Plan, will result in our complete withdrawal from the Central States Pension Plan. We estimate net rationalization charges for this plan of $3.7 million for the plant closings and $56.4 million for the withdrawal from the Central States Pension Plan. We recorded total rationalization charges for this plan of $40.7 million in the first nine months of 2019 largely to recognize the present value of the estimated withdrawal liability related to the Central States Pension Plan. Remaining expenses and cash expenditures for the plant closings are not expected to be significant. Remaining expenses for the accretion of interest for the withdrawal liability related to the Central States Pension Plan are expected to average approximately $1.0 million per year and be recognized annually for the next twenty years, and remaining cash expenditures related to the withdrawal from the Central States Pension Plan are expected to be approximately $2.8 million annually for the next twenty years, beginning in 2020. Rationalization charges in the first nine months of 2019 for the closures business were primarily related to the announced shutdown in the first quarter of 2019 of the Torello, Spain metal closures manufacturing facility. Activity in reserves for our rationalization plans were as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2018 $ 130 $ 1,482 $ — $ 1,612 Charged to expense 42,556 808 5,230 48,594 Utilized and currency translation (2,543 ) (1,241 ) (5,230 ) (9,014 ) Balance at September 30, 2019 $ 40,143 $ 1,049 $ — $ 41,192 Rationalization reserves as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as accrued liabilities of $5.3 million and other liabilities of $35.9 million . Exclusive of the footprint optimization plan for our metal container business and withdrawal from the Central States Pension Plan discussed above, remaining expenses for our rationalization plans of $2.4 million are expected primarily through 2019 and remaining cash expenditures for our rationalization plans of $5.0 million

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2019
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, 2018 $ (154,466 ) $ (1,008 ) $ (113,334 ) $ (268,808 ) Other comprehensive loss before reclassifications — (2,975 ) (24,213 ) (27,188 ) Amounts reclassified from accumulated other comprehensive loss 7,745 328 — 8,073 Other comprehensive loss 7,745 (2,647 ) (24,213 ) (19,115 ) Balance at September 30, 2019 $ (146,721 ) $ (3,655 ) $ (137,547 ) $ (287,923 ) The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three and nine months ended September 30, 2019 were net (losses) of $(3.5) million and $(10.3) million , respectively, excluding income tax benefits of $0.8 million and $2.6 million , respectively. For the three and nine months ended September 30, 2019, these net (losses) consisted of amortization of net actuarial (losses) of $(4.1) million and $(12.0) million and amortization of net prior service credit of $0.6 million and $1.7 million , respectively. Amortization of net actuarial losses and net prior service credit was recorded in other pension and postretirement income in our Condensed Consolidated Statements of Income. See Note 10 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 nine months ended September 30, 2019 were not significant. Other comprehensive income before reclassifications related to foreign currency translation for the three and nine months ended September 30, 2019 consisted of (i) foreign currency (losses) related to translation of quarter end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. dollar of $(36.1) million and $(37.7) million , respectively, (ii) foreign currency gains related to intra-entity foreign currency transactions that are of a long-term investment nature of $0.3 million and $0.9 million , respectively, and (iii) foreign currency gains related to our net investment hedges of $14.1 million and $16.5 million , respectively, excluding income tax (provisions) of $(3.3) million and $(3.9) million , respectively. See Note 8 for further discussion.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: Sept. 30, 2019 Sept. 30, 2018 Dec. 31, 2018 (Dollars in thousands) Raw materials $ 275,015 $ 250,051 $ 288,860 Work-in-process 127,590 125,336 123,574 Finished goods 413,864 384,815 335,180 Other 12,620 12,999 13,075 829,089 773,201 760,689 Adjustment to value inventory at cost on the LIFO method (125,883 ) (82,823 ) (125,883 ) $ 703,206 $ 690,378 $ 634,806

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following: Sept. 30, 2019 Sept. 30, 2018 Dec. 31, 2018 (Dollars in thousands) Bank debt Bank revolving loans $ 766,000 $ 698,000 $ — U.S. term loans 800,000 800,000 800,000 Canadian term loans 15,943 23,335 22,103 Other foreign bank revolving and term loans 37,062 36,143 129,697 Total bank debt 1,619,005 1,557,478 951,800 5½% Senior Notes — 300,000 300,000 4¾% Senior Notes 300,000 300,000 300,000 3¼% Senior Notes 708,630 754,260 744,380 Finance leases 33,440 21,950 21,543 Total debt - principal 2,661,075 2,933,688 2,317,723 Less unamortized debt issuance costs 9,690 14,009 13,109 Total debt 2,651,385 2,919,679 2,304,614 Less current portion 841,430 733,404 170,214 $ 1,809,955 $ 2,186,275 $ 2,134,400 At September 30, 2019, the current portion of long-term debt consisted of $766.0 million of bank revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $40.0 million of term loans under the Credit Agreement, $33.8 million of other foreign bank revolving and term loans and $1.6 million of finance leases. On August 1, 2019, we redeemed all $300.0 million aggregate principal amount of our outstanding 5½% Senior Notes due 2022, or the 5½% Notes, at a redemption price of 100 percent of their principal amount plus accrued and unpaid interest up to the redemption date. We funded this redemption with revolving loan borrowings under the Credit Agreement and cash on hand. As a result of this redemption, we recorded a pre-tax charge for the loss on early extinguishment of debt of $1.7 million during the third quarter of 2019 for the write-off of unamortized debt issuance costs.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 117,389 $ 117,389 Liabilities: Bank debt $ 1,619,005 $ 1,619,005 4¾% Senior Notes 300,000 307,761 3¼% Senior Notes 708,630 728,394 Derivative instruments (accrued and other liabilities) 4,779 4,779 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 September 30, 2019 consisted of our cash and cash equivalents and derivative instruments. We measured the fair value of cash and cash equivalents using Level 1 inputs. We measured the fair value of our derivative instruments using the income approach. The fair value of our derivative instruments 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, 4¾% Senior Notes and 3¼% Senior 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 4¾% Senior Notes and 3¼% Senior 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 generally 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. Interest Rate Swap Agreements We have entered into two U.S. dollar interest rate swap agreements, each for $50.0 million notional principal amount, to manage a portion of our exposure to interest rate fluctuations. These agreements have a fixed rate of 2.878 percent and mature on March 24, 2023. 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 and was not significant for the three and nine month periods ended September 30, 2019. These agreements are with financial institutions which are expected to fully perform under the terms thereof. The total fair value of our interest rate swap agreements in effect at September 30, 2019 was not significant. 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. 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 and was not significant for the three and nine month periods ended September 30, 2019. These agreements are with financial institutions which are expected to fully perform under the terms thereof. The total fair value of our natural gas swap agreements in effect at September 30, 2019 was not significant. Foreign Currency Exchange Rate Risk In an effort to minimize foreign currency exchange rate risk, we have financed acquisitions of foreign operations primarily with borrowings 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 the 3¼% Senior Notes, which are Euro denominated, as net investment hedges. Foreign currency gains related to our net investment hedges included in accumulated other comprehensive loss for the three and nine months ended September 30, 2019 were $14.1 million and $16.5 million , respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies A competition authority in Germany commenced an antitrust investigation in 2015 involving the industry association for metal packaging in Germany and its members, including our metal container and closures subsidiaries in Germany. At the end of April 2018, the European Commission commenced an antitrust investigation involving the metal packaging industry in Europe including our metal container and closures subsidiaries, which should effectively close out the investigation in Germany. Given the continued early stage of the investigation, we cannot reasonably assess what actions may result from these investigations or estimate what costs we may incur as a result thereof. We are a party to other legal proceedings, contract disputes and claims arising in the ordinary course of our business. We are not a party to, and none of our properties are subject to, any pending legal proceedings which could have a material adverse effect on our business or financial condition.

Retirement Benefits

Retirement Benefits	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The components of the net periodic pension benefit credit were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Service cost $ 2,871 $ 3,411 $ 9,383 $ 10,842 Interest cost 7,149 6,348 21,241 18,953 Expected return on plan assets (15,200 ) (17,137 ) (45,425 ) (51,382 ) Amortization of prior service cost 46 34 86 103 Amortization of actuarial losses 4,084 1,877 12,324 5,450 Net periodic benefit credit $ (1,050 ) $ (5,467 ) $ (2,391 ) $ (16,034 ) The components of the net periodic other postretirement benefit (credit) cost were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Service cost $ 16 $ 15 $ 60 $ 78 Interest cost 200 158 569 483 Amortization of prior service (credit) cost (586 ) 561 (1,749 ) (738 ) Amortization of actuarial gains (33 ) (167 ) (366 ) (405 ) Net periodic benefit (credit) cost $ (403 ) $ 567 $ (1,486 ) $ (582 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes

Treasury Stock

Treasury Stock	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Treasury Stock	Treasury Stock On October 17, 2016, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock by various means from time to time through and including December 31, 2021. During the nine months ended September 30, 2019, we repurchased an aggregate of 407,540 shares of our common stock at an average price per share of $29.70 , for a total purchase price of $12.1 million. At September 30, 2019, we had approximately $112.5 million remaining under this authorization for the repurchase of our common stock. During the first nine months of 2019, we issued 1,281,777 treasury shares which had an average cost of $2.86 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 535,527 shares of our common stock at an average cost of $28.48 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 September 30, 2019, 64,344,190 shares of our common stock were held in treasury.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
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 nine months of 2019, 1,079,504 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 $30.8 million , which is being amortized ratably over the respective vesting period from the grant date.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Reportable business segment information was as follows: Metal Containers Closures Plastic Containers Corporate Total (Dollars in thousands) Three Months Ended September 30, 2019 Net sales $ 822,262 $ 353,436 $ 145,644 $ — $ 1,321,342 Depreciation and amortization (1) 21,477 20,847 9,512 39 51,875 Rationalization charges 3,035 72 88 — 3,195 Segment income 81,128 44,784 11,425 (4,642 ) 132,695 Three Months Ended September 30, 2018 Net sales $ 797,768 $ 360,816 $ 148,415 $ — $ 1,306,999 Depreciation and amortization (1) 19,823 18,378 9,171 43 47,415 Rationalization charges 72 111 105 — 288 Segment income 86,928 47,349 8,446 (4,268 ) 138,455 Nine Months Ended September 30, 2019 Net sales $ 1,904,941 $ 1,072,979 $ 463,715 $ — $ 3,441,635 Depreciation and amortization (1) 64,021 62,345 27,665 120 154,151 Rationalization charges 42,280 5,979 335 — 48,594 Segment income 134,053 131,896 36,902 (14,816 ) 288,035 Nine Months Ended September 30, 2018 Net sales $ 1,808,585 $ 1,109,924 $ 459,874 $ — $ 3,378,383 Depreciation and amortization (1) 60,500 55,786 26,975 107 143,368 Rationalization charges 812 150 521 — 1,483 Segment income 172,268 143,277 32,687 (13,478 ) 334,754 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $0.8 million and $0.9 million for the three months ended September 30, 2019 and 2018, respectively, and $2.6 million and $2.9 million for the nine months ended September 30, 2019 and 2018, respectively. Total segment income is reconciled to income before income taxes as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Total segment income $ 132,695 $ 138,455 $ 288,035 $ 334,754 Interest and other debt expense 28,443 28,199 83,948 91,095 Income before income taxes $ 104,252 $ 110,256 $ 204,087 $ 243,659 Sales and segment income 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 segment income during that quarter.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On November 4, 2019, we announced that we had entered into an agreement to sell $400 million aggregate principal amount of 4 ⅛% Se nior Notes due 2028 in a private offering. These new senior notes will mature on February 1, 2028, and interest on these new senior notes will accrue and be payable semi-annually on April 1st and October 1st of each year, commencing April 1, 2020. We intend to use the net proceeds of approximately $394.6 million from this senior notes offering to repay outstanding revolving loans under our Credit Agreement that were used to redeem our 5½% Notes in August 2019 and for other general corporate purposes, including acquisitions, stock repurchases and repayments of other indebtedness. The closing for the sale of these new senior notes is expected to occur on November 12, 2019.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
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, 2018 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. 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, 2018.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Other Intangible Assets. We review goodwill and other indefinite-lived intangible assets for impairment as of July 1 of each year and more frequently if circumstances indicate a possible impairment. We determined that our goodwill and other indefinite-lived intangible assets were not impaired in our annual 2019 assessment performed during the third quarter.
Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements. In February 2016, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends existing guidance for certain leases by lessees. This amendment required 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. We adopted this amendment on January 1, 2019 using the transition method, which allowed us to recognize the effects of applying this amendment as a cumulative effect to retained earnings as of January 1, 2019. We elected certain practical expedients permitted under the transition guidance for this amendment, which did not require us to reassess whether other contracts contain leases and allowed us to carryforward our lease classifications determined under the previous guidance. In addition, we elected to retain our previously determined assumptions concerning options to extend or terminate our leases. As a result of the adoption of this amendment, we recognized additional long-term assets of $160.8 million , additional related lease liabilities of $161.4 million and reduced retained earnings by $0.6 million all on January 1, 2019. The adoption of this amendment did not have a material impact on our results of operations or cash flows. See Note 2 for further information.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	The aggregate annual maturities of operating lease liabilities are as follows (dollars in thousands): Three months ended December 31, 2019 $ 11,459 2020 44,800 2021 38,031 2022 30,278 2023 25,417 Thereafter 93,783 Total lease payments 243,768 Less imputed interest (48,051 ) Total $ 195,717

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue Recognition [Abstract]
Disaggregation of Revenue	Revenues by business segment were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Metal containers $ 822,262 $ 797,768 $ 1,904,941 $ 1,808,585 Closures 353,436 360,816 1,072,979 1,109,924 Plastics 145,644 148,415 463,715 459,874 $ 1,321,342 $ 1,306,999 $ 3,441,635 $ 3,378,383 Revenues by geography were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) North America $ 1,078,187 $ 1,056,099 $ 2,747,518 $ 2,651,225 Europe and other 243,155 250,900 694,117 727,158 $ 1,321,342 $ 1,306,999 $ 3,441,635 $ 3,378,383

Rationalization Charges (Tables

Rationalization Charges (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Activity in Rationalization Plan Reserves	Activity in reserves for our rationalization plans were as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2018 $ 130 $ 1,482 $ — $ 1,612 Charged to expense 42,556 808 5,230 48,594 Utilized and currency translation (2,543 ) (1,241 ) (5,230 ) (9,014 ) Balance at September 30, 2019 $ 40,143 $ 1,049 $ — $ 41,192 Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Metal containers $ 3,035 $ 72 $ 42,280 $ 812 Closures 72 111 5,979 150 Plastic containers 88 105 335 521 $ 3,195 $ 288 $ 48,594 $ 1,483

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2018 $ (154,466 ) $ (1,008 ) $ (113,334 ) $ (268,808 ) Other comprehensive loss before reclassifications — (2,975 ) (24,213 ) (27,188 ) Amounts reclassified from accumulated other comprehensive loss 7,745 328 — 8,073 Other comprehensive loss 7,745 (2,647 ) (24,213 ) (19,115 ) Balance at September 30, 2019 $ (146,721 ) $ (3,655 ) $ (137,547 ) $ (287,923 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: Sept. 30, 2019 Sept. 30, 2018 Dec. 31, 2018 (Dollars in thousands) Raw materials $ 275,015 $ 250,051 $ 288,860 Work-in-process 127,590 125,336 123,574 Finished goods 413,864 384,815 335,180 Other 12,620 12,999 13,075 829,089 773,201 760,689 Adjustment to value inventory at cost on the LIFO method (125,883 ) (82,823 ) (125,883 ) $ 703,206 $ 690,378 $ 634,806

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt consisted of the following: Sept. 30, 2019 Sept. 30, 2018 Dec. 31, 2018 (Dollars in thousands) Bank debt Bank revolving loans $ 766,000 $ 698,000 $ — U.S. term loans 800,000 800,000 800,000 Canadian term loans 15,943 23,335 22,103 Other foreign bank revolving and term loans 37,062 36,143 129,697 Total bank debt 1,619,005 1,557,478 951,800 5½% Senior Notes — 300,000 300,000 4¾% Senior Notes 300,000 300,000 300,000 3¼% Senior Notes 708,630 754,260 744,380 Finance leases 33,440 21,950 21,543 Total debt - principal 2,661,075 2,933,688 2,317,723 Less unamortized debt issuance costs 9,690 14,009 13,109 Total debt 2,651,385 2,919,679 2,304,614 Less current portion 841,430 733,404 170,214 $ 1,809,955 $ 2,186,275 $ 2,134,400

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 117,389 $ 117,389 Liabilities: Bank debt $ 1,619,005 $ 1,619,005 4¾% Senior Notes 300,000 307,761 3¼% Senior Notes 708,630 728,394 Derivative instruments (accrued and other liabilities) 4,779 4,779

Retirement Benefits (Tables)

Retirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of the net periodic pension benefit credit were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Service cost $ 2,871 $ 3,411 $ 9,383 $ 10,842 Interest cost 7,149 6,348 21,241 18,953 Expected return on plan assets (15,200 ) (17,137 ) (45,425 ) (51,382 ) Amortization of prior service cost 46 34 86 103 Amortization of actuarial losses 4,084 1,877 12,324 5,450 Net periodic benefit credit $ (1,050 ) $ (5,467 ) $ (2,391 ) $ (16,034 ) The components of the net periodic other postretirement benefit (credit) cost were as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Service cost $ 16 $ 15 $ 60 $ 78 Interest cost 200 158 569 483 Amortization of prior service (credit) cost (586 ) 561 (1,749 ) (738 ) Amortization of actuarial gains (33 ) (167 ) (366 ) (405 ) Net periodic benefit (credit) cost $ (403 ) $ 567 $ (1,486 ) $ (582 )

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reportable Business Segment Information	Reportable business segment information was as follows: Metal Containers Closures Plastic Containers Corporate Total (Dollars in thousands) Three Months Ended September 30, 2019 Net sales $ 822,262 $ 353,436 $ 145,644 $ — $ 1,321,342 Depreciation and amortization (1) 21,477 20,847 9,512 39 51,875 Rationalization charges 3,035 72 88 — 3,195 Segment income 81,128 44,784 11,425 (4,642 ) 132,695 Three Months Ended September 30, 2018 Net sales $ 797,768 $ 360,816 $ 148,415 $ — $ 1,306,999 Depreciation and amortization (1) 19,823 18,378 9,171 43 47,415 Rationalization charges 72 111 105 — 288 Segment income 86,928 47,349 8,446 (4,268 ) 138,455 Nine Months Ended September 30, 2019 Net sales $ 1,904,941 $ 1,072,979 $ 463,715 $ — $ 3,441,635 Depreciation and amortization (1) 64,021 62,345 27,665 120 154,151 Rationalization charges 42,280 5,979 335 — 48,594 Segment income 134,053 131,896 36,902 (14,816 ) 288,035 Nine Months Ended September 30, 2018 Net sales $ 1,808,585 $ 1,109,924 $ 459,874 $ — $ 3,378,383 Depreciation and amortization (1) 60,500 55,786 26,975 107 143,368 Rationalization charges 812 150 521 — 1,483 Segment income 172,268 143,277 32,687 (13,478 ) 334,754 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $0.8 million and $0.9 million for the three months ended September 30, 2019 and 2018, respectively, and $2.6 million and $2.9 million for the nine months ended September 30, 2019 and 2018, respectively.
Reconciliation of Segment Income from Operations to Income before Income Taxes	Total segment income is reconciled to income before income taxes as follows: Three Months Ended Nine Months Ended Sept. 30, 2019 Sept. 30, 2018 Sept. 30, 2019 Sept. 30, 2018 (Dollars in thousands) Total segment income $ 132,695 $ 138,455 $ 288,035 $ 334,754 Interest and other debt expense 28,443 28,199 83,948 91,095 Income before income taxes $ 104,252 $ 110,256 $ 204,087 $ 243,659

Significant Accounting Polici_3

Significant Accounting Policies Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Sep. 30, 2018
Operating Lease, Liability	$ 195,717
Retained earnings	$ 2,118,860		$ 1,997,785	$ 1,970,875
Change Due To Adoption of ASC 842
Assets, Noncurrent		$ 160,800
Operating Lease, Liability		161,400
Retained earnings		$ (600)

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating lease, expense	$ 18,700	$ 52,600
Operating lease, right-of-use asset	187,300	187,300
Operating lease liability	195,717	195,717
Operating lease, liability, current	35,300	35,300
Operating lease, liability, noncurrent	$ 160,400	$ 160,400
Operating lease, weighted average discount rate, percent	5.70%	5.70%
Finance lease, right-of-use asset	$ 33,900	$ 33,900
Finance lease, liability	33,400	33,400
Finance lease, liability, current	1,600	1,600
Finance lease, liability, noncurrent	$ 31,800	$ 31,800
Operating lease, weighted average remaining lease term	7 years	7 years

Leases - Maturity Table (Detail

Leases - Maturity Table (Details) $ in Thousands	Sep. 30, 2019USD ($)
Maturity Table [Abstract]
Six months ended December 31, 2019	$ 11,459
2020	44,800
2021	38,031
2022	30,278
2023	25,417
Thereafter	93,783
Total lease payments	243,768
Less imputed interest	(48,051)
Operating lease liability	$ 195,717

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Net sales	$ 1,321,342	$ 1,306,999	$ 3,441,635	$ 3,378,383
Trade Accounts Receivable [Member] | Unbilled Revenues [Member]
Contract assets	73,400	77,200	73,400	77,200	$ 72,500
North America [Member]
Net sales	1,078,187	1,056,099	2,747,518	2,651,225
Europe and Other [Member]
Net sales	243,155	250,900	694,117	727,158
Metal Containers [Member]
Net sales	822,262	797,768	1,904,941	1,808,585
Closures [Member]
Net sales	353,436	360,816	1,072,979	1,109,924
Plastic Containers [Member]
Net sales	$ 145,644	$ 148,415	$ 463,715	$ 459,874

Rationalization Charges Rationa

Rationalization Charges Rationalization Charges by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Rationalization charges	$ 3,195	$ 288	$ 48,594	$ 1,483
Metal Containers [Member]
Restructuring Cost and Reserve [Line Items]
Rationalization charges	3,035	72	42,280	812
Closures [Member]
Restructuring Cost and Reserve [Line Items]
Rationalization charges	72	111	5,979	150
Plastic Containers [Member]
Restructuring Cost and Reserve [Line Items]
Rationalization charges	$ 88	$ 105	$ 335	$ 521

Rationalization Charges Narrati

Rationalization Charges Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Rationalization charges	$ 3,195	$ 288	$ 48,594	$ 1,483
Metal containers plant closings and Central States Pension Plan withdrawal [Member]
Restructuring Cost and Reserve [Line Items]
Rationalization charges	40,700
Metal container plant closings [Member]
Restructuring Cost and Reserve [Line Items]
Rationalization charges			808
Metal container plant closings [Member] | Metal containers plant closings and Central States Pension Plan withdrawal [Member]
Restructuring Cost and Reserve [Line Items]
Expected cost	3,700		3,700
Central States Pension Plan withdrawal [Member] | Metal containers plant closings and Central States Pension Plan withdrawal [Member]
Restructuring Cost and Reserve [Line Items]
Expected cost	56,400		$ 56,400
Annually over the next twenty years [Member] | Central States Pension Plan withdrawal [Member]
Restructuring Cost and Reserve [Line Items]
Remaining cash expenditures for this rationalization plan	2,800
Accretion Expense	$ 1,000

Rationalization Charges Activit

Rationalization Charges Activity in Rationalization Plan Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018			$ 1,612
Charged to expense	$ 3,195	$ 288	48,594	$ 1,483
Utilized and currency translation			(9,014)
Balance at September 30, 2019	41,192		41,192
Employee Severance and Benefits [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018			130
Charged to expense			42,556
Utilized and currency translation			(2,543)
Balance at September 30, 2019	40,143		40,143
Plant Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018			1,482
Charged to expense			808
Utilized and currency translation			(1,241)
Balance at September 30, 2019	1,049		1,049
Non-Cash Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018			0
Charged to expense			5,230
Utilized and currency translation			(5,230)
Balance at September 30, 2019	0		0
Accrued Liabilities [Member]
Restructuring Reserve [Roll Forward]
Balance at September 30, 2019	5,300		5,300
Other Liabilities [Member]
Restructuring Reserve [Roll Forward]
Balance at September 30, 2019	35,900		35,900
Rationalization Plan [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Exclusive of the footprint optimization plan for our metal container business and withdrawal from the Central States Pension plan, remaining expenses for our rationalization plans expected primarily through 2019	$ 2,400		2,400
Exclusive of the footprint optimization plan for our metal container business and withdrawal from the Central States Pension Plan, remaining cash expenditures for our rationalization plans expected through 2023			$ 5,000

Amounts Included in Accumulated

Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2018			$ (268,808)
Other comprehensive loss before reclassifications			(27,188)
Amounts reclassified from accumulated other comprehensive loss			8,073
Other comprehensive loss	$ (22,550)	$ (3,293)	(19,115)	$ (23,283)
Balance at September 30, 2019	(287,923)	$ (212,256)	(287,923)	$ (212,256)
Unrecognized Net Defined Benefit Plan Costs [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2018			(154,466)
Other comprehensive loss before reclassifications			0
Amounts reclassified from accumulated other comprehensive loss			7,745
Other comprehensive loss			7,745
Balance at September 30, 2019	(146,721)		(146,721)
Change in Fair Value of Derivatives [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2018			(1,008)
Other comprehensive loss before reclassifications			(2,975)
Amounts reclassified from accumulated other comprehensive loss			328
Other comprehensive loss			(2,647)
Balance at September 30, 2019	(3,655)		(3,655)
Foreign Currency Translation [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2018			(113,334)
Other comprehensive loss before reclassifications			(24,213)
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive loss			(24,213)
Balance at September 30, 2019	$ (137,547)		$ (137,547)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During the Period Related to Translation of Foreign Subsidiaries Utilizing a Functional Currency Other Than the US Dollar	$ (25,016)	$ (4,576)	$ (24,213)	$ (26,397)
Unrecognized Net Defined Benefit Plan Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Loss) Reclassification Adjustment from AOCI, Pension and other Postretirement Benefit Plans, before tax	(3,500)		(10,300)
Benefit for Income Taxes	800		2,600
Amortization of net actuarial (losses), before tax	(4,100)		(12,000)
Net prior service credit arising during period, before tax	600		1,700
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During the Period Related to Translation of Foreign Subsidiaries Utilizing a Functional Currency Other Than the US Dollar	(36,100)		(37,700)
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	300		900
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Related to Net Investment Hedges, before Reclassification and Tax	14,100		16,500
Foreign currency translation, tax benefit (provision) related to net investment hedges	$ (3,300)		$ (3,900)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 275,015	$ 288,860	$ 250,051
Work-in-process	127,590	123,574	125,336
Finished goods	413,864	335,180	384,815
Other	12,620	13,075	12,999
Inventory, Gross, Total	829,089	760,689	773,201
Adjustment to value inventory at cost on the LIFO method	(125,883)	(125,883)	(82,823)
Inventories	$ 703,206	$ 634,806	$ 690,378

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Loss on early extinguishment of debt		$ 1,676	$ 0	$ 1,676	$ 2,493
Total debt - principal		2,661,075	2,933,688	2,661,075	2,933,688	$ 2,317,723
Less unamortized debt issuance costs		9,690	14,009	9,690	14,009	13,109
Debt long term and short term less unamortized debt issuance costs combined amount		2,651,385	2,919,679	2,651,385	2,919,679	2,304,614
Less current portion		841,430	733,404	841,430	733,404	170,214
Long-term debt		1,809,955	2,186,275	1,809,955	2,186,275	2,134,400
Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal		1,619,005	1,557,478	1,619,005	1,557,478	951,800
Five and One Half Percent Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Loss on early extinguishment of debt		1,700
Extinguishment of debt	$ 300,000
Debt Instrument, Redemption Price, Percentage	100.00%
Total debt - principal		0	$ 300,000	0	$ 300,000	$ 300,000
Senior note interest rate (percent)	5.50%		5.50%		5.50%	5.50%
4 3/4% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Total debt - principal		$ 300,000	$ 300,000	$ 300,000	$ 300,000	$ 300,000
Senior note interest rate (percent)		4.75%	4.75%	4.75%	4.75%	4.75%
3 1/4% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Total debt - principal		$ 708,630	$ 754,260	$ 708,630	$ 754,260	$ 744,380
Senior note interest rate (percent)		3.25%	3.25%	3.25%	3.25%	3.25%
Finance leases [Member]
Debt Instrument [Line Items]
Total debt - principal		$ 33,440	$ 21,950	$ 33,440	$ 21,950	$ 21,543
Revolving Loan [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal		766,000	698,000	766,000	698,000	0
Less current portion		766,000		766,000
U S Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal		800,000	800,000	800,000	800,000	800,000
Less current portion		40,000		40,000
Canadian Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal		15,943	23,335	15,943	23,335	22,103
Other Foreign Bank Revolving And Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total debt - principal		37,062	$ 36,143	37,062	$ 36,143	$ 129,697
Less current portion		33,800		33,800
Finance leases [Member]
Debt Instrument [Line Items]
Less current portion		$ 1,600		$ 1,600

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Derivative [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 2,661,075	$ 2,661,075	$ 2,317,723	$ 2,933,688
USD Interest Rate Swap Contract One [Member]
Derivative [Line Items]
Notional principal amount of outstanding of the interest rate swap agreement	$ 50,000	$ 50,000
Fixed interest rate	2.878%	2.878%
USD Interest Rate Swap Contract Two [Member]
Derivative [Line Items]
Notional principal amount of outstanding of the interest rate swap agreement	$ 50,000	$ 50,000
Fixed interest rate	2.878%	2.878%
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	$ 117,389	$ 117,389
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Derivative Financial Instruments, Liabilities [Member]
Derivative [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value	4,779	4,779
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	117,389	117,389
Estimate of Fair Value, Fair Value Disclosure [Member] | Derivative Financial Instruments, Liabilities [Member]
Derivative [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value	4,779	4,779
Bank debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,619,005	1,619,005
Bank debt [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,619,005	1,619,005
4 3/4% Senior Notes due 2025 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	300,000	300,000
4 3/4% Senior Notes due 2025 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	307,761	307,761
3 1/4% Senior Notes due 2025 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	708,630	708,630
3 1/4% Senior Notes due 2025 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	$ 728,394	$ 728,394
3 1/4% Senior Notes due 2025 [Member]
Derivative [Line Items]
Senior note interest rate (percent)	3.25%	3.25%	3.25%	3.25%
Debt, Long-term and Short-term, Combined Amount	$ 708,630	$ 708,630	$ 744,380	$ 754,260
4 3/4% Senior Notes due 2025 [Member]
Derivative [Line Items]
Senior note interest rate (percent)	4.75%	4.75%	4.75%	4.75%
Debt, Long-term and Short-term, Combined Amount	$ 300,000	$ 300,000	$ 300,000	$ 300,000
Accumulated Translation Adjustment [Member]
Derivative [Line Items]
Foreign currency (losses) gains of net investment hedges included in accumulated other comprehensive loss	$ 14,100	$ 16,500

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,871	$ 3,411	$ 9,383	$ 10,842
Interest cost	7,149	6,348	21,241	18,953
Expected return on plan assets	(15,200)	(17,137)	(45,425)	(51,382)
Amortization of prior service cost (credit)	46	34	86	103
Amortization of actuarial losses (gains)	4,084	1,877	12,324	5,450
Net periodic benefit (credit) cost	(1,050)	(5,467)	(2,391)	(16,034)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	16	15	60	78
Interest cost	200	158	569	483
Amortization of prior service cost (credit)	(586)	561	(1,749)	(738)
Amortization of actuarial losses (gains)	(33)	(167)	(366)	(405)
Net periodic benefit (credit) cost	$ (403)	$ 567	$ (1,486)	$ (582)

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2019	Oct. 17, 2016
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, additional repurchase authorization		$ 300,000,000
Treasury stock (shares)	64,344,190
2016 BOD Authorized Common Stock Repurchase [Member]
Equity, Class of Treasury Stock [Line Items]
Payments for Repurchase of Common Stock	$ 12,100,000
Treasury Stock, Shares, Acquired (shares)	407,540
Remaining authorized repurchase amount	$ 112,500,000
Average cost per share of treasury stock acquired (usd per share)	$ 29.70
2004 Amended and Restated Stock Incentive Plan
Equity, Class of Treasury Stock [Line Items]
Treasury shares issued for restricted stock units that vested during the period (shares)	1,281,777
Average cost of treasury shares that were issued for restricted stock units that vested during the period (usd per share)	$ 2.86
Shares repurchased to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units (shares)	535,527
Average cost per share of treasury stock acquired (usd per share)	$ 28.48

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Restricted stock units [Member] $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (shares) | shares	1,079,504
Fair value of restricted stock units granted | $	$ 30.8

Reportable Business Segment Inf

Reportable Business Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net sales		$ 1,321,342	$ 1,306,999	$ 3,441,635	$ 3,378,383
Depreciation and amortization	[1]	51,875	47,415	154,151	143,368
Rationalization charges		3,195	288	48,594	1,483
Segment Income		132,695	138,455	288,035	334,754
Amortization of debt issuance costs excluded from depreciation and amortization		800	900	2,600	2,900
Metal Containers [Member]
Segment Reporting Information [Line Items]
Net sales		822,262	797,768	1,904,941	1,808,585
Depreciation and amortization	[1]	21,477	19,823	64,021	60,500
Rationalization charges		3,035	72	42,280	812
Segment Income		81,128	86,928	134,053	172,268
Closures [Member]
Segment Reporting Information [Line Items]
Net sales		353,436	360,816	1,072,979	1,109,924
Depreciation and amortization	[1]	20,847	18,378	62,345	55,786
Rationalization charges		72	111	5,979	150
Segment Income		44,784	47,349	131,896	143,277
Plastic Containers [Member]
Segment Reporting Information [Line Items]
Net sales		145,644	148,415	463,715	459,874
Depreciation and amortization	[1]	9,512	9,171	27,665	26,975
Rationalization charges		88	105	335	521
Segment Income		11,425	8,446	36,902	32,687
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales		0	0	0	0
Depreciation and amortization	[1]	39	43	120	107
Rationalization charges		0	0	0	0
Segment Income		$ (4,642)	$ (4,268)	$ (14,816)	$ (13,478)
[1]	Depreciation and amortization excludes amortization of debt issuance costs of $0.8 million and $0.9 million for the three months ended September 30, 2019 and 2018, respectively, and $2.6 million and $2.9 million for the nine months ended September 30, 2019 and 2018, respectively.

Reconciliation of Segment Incom

Reconciliation of Segment Income to Income before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Income before interest and income taxes	$ 132,695	$ 138,455	$ 288,035	$ 334,754
Interest and other debt expense	28,443	28,199	83,948	91,095
Income before income taxes	$ 104,252	$ 110,256	$ 204,087	$ 243,659

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Nov. 12, 2019	Aug. 01, 2019	Dec. 31, 2018	Sep. 30, 2018
Four and One Eighth Percent Senior Notes Due 2028 [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount	$ 400,000,000
Senior note interest rate (percent)	4.125%
Proceeds from Issuance of Debt	$ 394,600,000
Five and One Half Percent Senior Notes due 2022 [Member]
Subsequent Event [Line Items]
Senior note interest rate (percent)		5.50%	5.50%	5.50%