O-I Glass, Inc. /DE/ (OI) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments913773725563551512
Cash and cash equivalent913773725563551512
Receivables671760692623621549
Inventory, net of allowances, customer advances and progress billings1,0718488168411,0451,018
Inventory1,0718488168411,0451,018
Derivative instruments and hedges, assets13151413819
Asset, held-for-sale, not part of disposal group   49   
Other undisclosed current assets216207223257263259
Total current assets:2,8842,6032,5192,2972,4882,357
Noncurrent Assets
Property, plant and equipment3,5552,9622,8172,9073,2733,085
Long-term investments and receivables743695643673694698
Long-term investments743695643673694698
Intangible assets, net (including goodwill)1,7272,0752,1262,2762,3052,913
Goodwill1,4731,8131,8401,9511,9342,513
Intangible assets, net (excluding goodwill)254262286325371400
Derivative instruments and hedges  3512306
Other noncurrent assets694666577662808602
Other undisclosed noncurrent assets6657145551238
Total noncurrent assets:6,7856,4586,3136,5857,1227,342
TOTAL ASSETS:9,6699,0618,8328,8829,6109,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6961,6131,4161,2931,4401,887
Taxes payable✕✕✕41223234
Employee-related liabilities✕✕✕165145132157
Accounts payable1,4371,3551,2101,1261,2761,321
Accrued liabilities259258   375
Debt24834572197124160
Derivative instruments and hedges, liabilities      3
Disposal group, including discontinued operation   13   
Other liabilities402399345408431 
Other undisclosed current liabilities      157
Total current liabilities:2,3462,3571,8461,8981,9952,207
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6984,3714,9155,1305,6365,181
Long-term debt, excluding current maturities4,6984,3714,7534,9455,435 
Finance lease, liability   849263✕
Other undisclosed long-term debt and lease obligation      5,181
Liabilities, other than long-term debt8818058231,3221,154978
Deferred tax liabilities, net✕✕✕✕✕✕96
Deferred income tax liabilities8684102109110✕
Liability, pension and other postretirement and postemployment benefits315288390634663679
Other liabilities480433289424357194
Operating lease, liability   7893138✕
Derivative instruments and hedges, liabilities   42155249
Other undisclosed noncurrent liabilities   421131261433
Total noncurrent liabilities:5,5795,1766,1596,5837,0516,592
Total liabilities:7,9257,5338,0058,4819,0468,799
Equity
Equity, attributable to parent1,6091,417720297467786
Common stock222222
Treasury stock, value(681)(688)(701)(714)(733)(705)
Additional paid in capital3,0863,0793,0903,1293,1303,124
Accumulated other comprehensive loss(1,580)(1,861)(1,972)(2,272)(1,843)(1,968)
Retained earnings (accumulated deficit)782885301152(89)333
Equity, attributable to noncontrolling interest13511110710497114
Total equity:1,7441,528827401564900
TOTAL LIABILITIES AND EQUITY:9,6699,0618,8328,8829,6109,699

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,1056,8566,3576,0916,6916,877
Cost of revenue
(Cost of Product and Service Sold)		(5,609)(5,643)(5,266)(5,119)(5,483)(5,594)
Gross profit:1,4961,2131,0919721,2081,283
Operating expenses(632)(575)(550)(620)(621)(655)
Other operating income (expense), net(582)299(118)87(729)(269)
Other undisclosed operating loss(215)(132)    
Operating income (loss):67805423439(142)359
Interest and debt expense(342)(239)(216)(265)(311)(261)
Income (loss) from continuing operations before equity method investments, income taxes:(275)566207174(453)98
Income from equity method investments   90377877
Other undisclosed income from continuing operations before income taxes 23935142114102
Income (loss) from continuing operations before income taxes:(275)805332353(261)277
Income tax expense(152)(178)(167)(89)(118)(108)
Other undisclosed income (loss) from continuing operations342     
Income (loss) from continuing operations:(85)627165264(379)169
Income (loss) before gain (loss) on sale of properties:✕✕✕172264(382)282
Income (loss) from discontinued operations   7 (3)113
Net income (loss):(85)627172264(382)282
Net loss attributable to noncontrolling interest(18)(43)(23)(15)(18)(25)
Net income (loss) available to common stockholders, diluted:(103)584149249(400)257

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(85)627172264(382)282
Other comprehensive income (loss)29399295(429)107(150)
Comprehensive income (loss):208726467(165)(275)132
Comprehensive loss, net of tax, attributable to noncontrolling interest(30)(31)(18)(15)(18)(17)
Other undisclosed comprehensive income, net of tax, attributable to parent     18 
Comprehensive income (loss), net of tax, attributable to parent:178695449(180)(275)115

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.

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