O-I Glass, Inc. /DE/ (OI) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3221 - Glass Containers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 734 | 913 | 773 | 725 | 563 | 551 | |||
| Cash and cash equivalent | 734 | 913 | 773 | 725 | 563 | 551 | |||
| Receivables | 572 | 671 | 760 | 692 | 623 | 621 | |||
| Inventory, net of allowances, customer advances and progress billings | 963 | 1,071 | 848 | 816 | 841 | 1,045 | |||
| Inventory | 963 | 1,071 | 848 | 816 | 841 | 1,045 | |||
| Derivative instruments and hedges, assets | 17 | 13 | 15 | 14 | 13 | 8 | |||
| Asset, held-for-sale, not part of disposal group | 49 | ||||||||
| Other undisclosed current assets | 192 | 216 | 207 | 223 | 257 | 263 | |||
| Total current assets: | 2,478 | 2,884 | 2,603 | 2,519 | 2,297 | 2,488 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 3,296 | 3,555 | 2,962 | 2,817 | 2,907 | 3,273 | |||
| Long-term investments and receivables | 661 | 743 | 695 | 643 | 673 | 694 | |||
| Long-term investments | 661 | 743 | 695 | 643 | 673 | 694 | |||
| Intangible asset, including goodwill, after accumulated amortization | 1,519 | 1,727 | 2,075 | 2,126 | 2,276 | 2,305 | |||
| Goodwill | 1,321 | 1,473 | 1,813 | 1,840 | 1,951 | 1,934 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 198 | 254 | 262 | 286 | 325 | 371 | |||
| Derivative instruments and hedges | 3 | 5 | 12 | 30 | |||||
| Other noncurrent assets | 608 | 694 | 666 | 577 | 662 | 808 | |||
| Other undisclosed noncurrent assets | 92 | 66 | 57 | 145 | 55 | 12 | |||
| Total noncurrent assets: | 6,176 | 6,785 | 6,458 | 6,313 | 6,585 | 7,122 | |||
| TOTAL ASSETS: | 8,654 | 9,669 | 9,061 | 8,832 | 8,882 | 9,610 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,312 | 1,696 | 1,613 | 1,416 | 1,293 | 1,440 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 41 | 22 | 32 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 165 | 145 | 132 | ||
| Accounts payable | 1,142 | 1,437 | 1,355 | 1,210 | 1,126 | 1,276 | |||
| Accrued liabilities | 170 | 259 | 258 | ||||||
| Debt | 416 | 248 | 345 | 72 | 197 | 124 | |||
| Restructuring reserve | |||||||||
| Disposal group, including discontinued operation | 13 | ||||||||
| Other liabilities | 432 | 402 | 399 | 345 | 408 | 431 | |||
| Total current liabilities: | 2,160 | 2,346 | 2,357 | 1,846 | 1,898 | 1,995 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,553 | 4,698 | 4,371 | 4,915 | 5,130 | 5,636 | |||
| Long-term debt, excluding current maturities | 4,553 | 4,698 | 4,371 | 4,753 | 4,945 | 5,435 | |||
| Finance lease, liability | 84 | 92 | 63 | ||||||
| Liabilities, other than long-term debt | 736 | 881 | 805 | 823 | 1,322 | 1,154 | |||
| Deferred income tax liabilities | 74 | 86 | 84 | 102 | 109 | 110 | |||
| Liability, pension and other postretirement and postemployment benefits | 255 | 315 | 288 | 390 | 634 | 663 | |||
| Other liabilities | 407 | 480 | 433 | 289 | 424 | 357 | |||
| Operating lease, liability | 78 | 93 | 138 | ||||||
| Derivative instruments and hedges, liabilities | 42 | 155 | 24 | ||||||
| Other undisclosed noncurrent liabilities | 421 | 131 | 261 | ||||||
| Total noncurrent liabilities: | 5,289 | 5,579 | 5,176 | 6,159 | 6,583 | 7,051 | |||
| Total liabilities: | 7,449 | 7,925 | 7,533 | 8,005 | 8,481 | 9,046 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,079 | 1,609 | 1,417 | 720 | 297 | 467 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (677) | (681) | (688) | (701) | (714) | (733) | |||
| Additional paid in capital | 3,053 | 3,086 | 3,079 | 3,090 | 3,129 | 3,130 | |||
| Accumulated other comprehensive loss | (1,975) | (1,580) | (1,861) | (1,972) | (2,272) | (1,843) | |||
| Retained earnings (accumulated deficit) | 676 | 782 | 885 | 301 | 152 | (89) | |||
| Equity, attributable to noncontrolling interest | 126 | 135 | 111 | 107 | 104 | 97 | |||
| Total equity: | 1,205 | 1,744 | 1,528 | 827 | 401 | 564 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,654 | 9,669 | 9,061 | 8,832 | 8,882 | 9,610 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,531 | 7,105 | 6,856 | 6,357 | 6,091 | 6,691 | ||
| Cost of revenue (Cost of Product and Service Sold) | (5,486) | (5,609) | (5,643) | (5,266) | (5,119) | (5,483) | ||
| Gross profit: | 1,045 | 1,496 | 1,213 | 1,091 | 972 | 1,208 | ||
| Operating expenses | (731) | (632) | (575) | (550) | (620) | (621) | ||
| Other operating income (expense), net | (226) | (582) | 299 | (118) | 87 | (729) | ||
| Other undisclosed operating loss | (50) | (215) | (132) | |||||
| Operating income (loss): | 38 | 67 | 805 | 423 | 439 | (142) | ||
| Interest and debt expense | (12) | (342) | (239) | (216) | (265) | (311) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 26 | (275) | 566 | 207 | 174 | (453) | ||
| Income from equity method investments | 90 | 37 | 78 | |||||
| Other undisclosed income from continuing operations before income taxes | 722 | 239 | 35 | 142 | 114 | |||
| Income (loss) from continuing operations before income taxes: | 748 | (275) | 805 | 332 | 353 | (261) | ||
| Income tax expense | (126) | (152) | (178) | (167) | (89) | (118) | ||
| Other undisclosed income (loss) from continuing operations | (710) | 342 | ||||||
| Income (loss) from continuing operations: | (88) | (85) | 627 | 165 | 264 | (379) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 172 | 264 | (382) | |
| Income (loss) from discontinued operations | 7 | (3) | ||||||
| Net income (loss): | (88) | (85) | 627 | 172 | 264 | (382) | ||
| Net loss attributable to noncontrolling interest | (18) | (18) | (43) | (23) | (15) | (18) | ||
| Net income (loss) available to common stockholders, diluted: | (106) | (103) | 584 | 149 | 249 | (400) | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (88) | (85) | 627 | 172 | 264 | (382) | ||
| Other comprehensive income (loss) | (405) | 293 | 99 | 295 | (429) | 107 | ||
| Comprehensive income (loss): | (493) | 208 | 726 | 467 | (165) | (275) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (8) | (30) | (31) | (18) | (15) | (18) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 18 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (501) | 178 | 695 | 449 | (180) | (275) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.