Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 344.0	$ 371.8
Trade receivables, net of allowance for credit losses of $11.6 in 2025 and $12.6 in 2024	522.2	443.1
Income tax receivables	57.3	25.0
Other receivables	96.5	135.9
Inventories, net of inventory reserves of $51.0 in 2025 and $45.4 in 2024 (Note 7)	737.0	722.2
Prepaid expenses and other current assets	162.5	193.8
Total current assets	1,919.5	1,891.8
Property and equipment, net (Note 8)	1,423.1	1,397.9
Goodwill (Note 9)	2,900.8	2,878.5
Identifiable intangible assets, net (Note 9)	333.3	381.6
Deferred taxes	70.0	112.0
Operating lease right-of-use-assets (Note 4)	82.4	98.0
Other non-current assets	283.7	262.3
Total assets	7,012.8	7,022.1
Current liabilities:
Short-term borrowings (Note 15)	99.6	140.5
Current portion of long-term debt (Note 15)	625.2	64.6
Current portion of operating lease liabilities (Note 4)	30.1	29.7
Accounts payable	769.4	771.0
Accrued restructuring costs (Note 13)	33.3	42.6
Income tax payable	20.1	53.3
Other current liabilities (Note 14)	523.7	533.8
Total current liabilities	2,101.4	1,635.5
Long-term debt, less current portion (Note 15)	3,284.9	4,198.8
Long-term operating lease liabilities, less current portion (Note 4)	60.3	74.8
Deferred taxes	41.6	26.1
Other non-current liabilities (Note 14)	287.1	462.4
Total liabilities	5,775.3	6,397.6
Commitments and contingencies (Note 21)
Stockholders’ equity:
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2025 and 2024	0.0	0.0
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 155,307,121 in 2025 and 154,610,375 in 2024; shares outstanding: 147,252,812 in 2025 and 145,731,673 in 2024 (Note 22)	15.5	15.5
Additional paid-in capital	1,461.1	1,445.7
Retained earnings	1,029.4	643.4
Common stock in treasury, 8,054,309 shares in 2025 and 8,878,702 shares in 2024 (Note 22)	(366.6)	(404.2)
Accumulated other comprehensive loss, net of taxes:
Unrecognized pension items	(135.3)	(141.8)
Cumulative translation adjustment	(709.3)	(917.1)
Unrealized net losses on net investment hedges	(58.0)	(20.7)
Unrealized net gains on cash flow hedges	0.7	3.7
Total accumulated other comprehensive loss, net of taxes (Note 23)	(901.9)	(1,075.9)
Total stockholders’ equity	1,237.5	624.5
Total liabilities and stockholders’ equity	$ 7,012.8	$ 7,022.1

SEALED AIR CORP/DE 10-K