Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 41

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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7.3 21.2 21.8 Sustainable Fiber Solutions25.4 21.0 75.1 80.2 Integrated Solutions2.4 3.5 7.5 9.9 Total depreciation, depletion and amortization expense$58.8 $59.0 $173.5 $168.6 

27

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:(in millions)July 31,2025October 31,2024Assets:Customized Polymer Solutions$1,947.8 $1,818.7 Durable Metal Solutions1,045.8 1,183.8 Sustainable Fiber Solutions2,904.7 2,788.8 Integrated Solutions311.0 403.1 Total segments6,209.3 6,194.4 Corporate and other525.8 453.2 Total assets$6,735.1 $6,647.6 Property, plant and equipment, net and lease right-of-use assets:United States$827.9 $1,119.9 Europe, Middle East and Africa382.3 373.7 Asia Pacific and other Americas144.6 146.0 Total long-lived assets, net$1,354.8 $1,639.6 

NOTE 14 — REDEEMABLE NONCONTROLLING INTERESTS

Redeemable noncontrolling interests related to joint ventures are held by the respective noncontrolling interest owners. The holders of these interests share in the profits and losses of these entities on a pro-rata basis with the Company. However, the noncontrolling interest owners have the right to put all or a portion of those noncontrolling interests to the Company at a formulaic price after a set period of time, specific to each agreement.On May 30, 2025, the Company redeemed the remaining 20% ownership interest in one of its noncontrolling interests, increasing ownership from 80% to 100% in an all-cash transaction for $38.7 million. Redeemable noncontrolling interests are reflected in the interim condensed consolidated balance sheets at redemption value. The following table summarizes the change in redeemable noncontrolling interest for the nine months ended July 31, 2025:(in millions)Redeemable Noncontrolling InterestBalance as