Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 26

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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angible assets, property, plant and equipment, and inventory. The deferred tax liability will be amortized over the useful lives of the related assets, in accordance with the applicable tax regulations. The Company will continue to assess the realizability of deferred tax assets and liabilities on an ongoing basis.

NOTE 9 — POST RETIREMENT BENEFIT PLANS

The components of net periodic pension cost include the following: Three Months EndedJanuary 31,(in millions)20252024Service cost$1.7 $1.7 Interest cost7.7 8.6 Expected return on plan assets(9.6)(10.8)Amortization of prior service benefit— (0.1)Recognized net actuarial loss (gain)0.1 (0.2)Net periodic pension benefit$(0.1)$(0.8)The Company expects to make employer contributions of $5.9 million, including benefits paid directly by the Company, during 2025.The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item “Other expense, net” in the interim condensed consolidated statements of income.

NOTE 10 — CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES

Litigation-related LiabilitiesThe Company may become involved from time-to-time in litigation and regulatory matters incidental to its business, including governmental investigations, enforcement actions, personal injury claims, product liability, employment health and safety matters, commercial disputes, intellectual property matters, disputes regarding environmental clean-up costs, litigation in connection with acquisitions and divestitures, and other matters arising out of the normal conduct of its business. The Company intends to vigorously defend itself in such litigation. The Company does not believe that the outcome of any pending litigation will have a material adverse effect on its interim condensed consolidated financial statements.The Company may accrue for contingencies related to litigation and regulatory matters if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Because litigation is inherently unpredictable and unfavorable resolutions can occur, assessing contingencies is highly subjective and requires judgments about future events. The Company 

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regularly reviews contingencies to determine whether its accruals are adequate. The amount of ultimate loss may differ from these estimates.Environmental ReservesAs of January 31, 2025, and October 31, 2024, the Company’s environmental reserves were $19.5 million and $19.1