Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 114

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 114
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35.1million, $ 25.5million and $ 23.4million, respectively, of unrecognized tax benefits that, if recognized, would have an impact on the effective tax rate. The Company also recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense net of tax, as applicable. As of September 30, 2025 and October 31, 2024, the Company had accrued for the payment of interest and penalties in the amounts of $ 7.7million and $ 3.8million, respectively.

The Company has estimated the reasonably possible expected net change in unrecognized tax benefits through September 30, 2025 (11-month) under ASC 740, “Income Taxes.” The Company’s estimate is based on lapses of the applicable statutes of limitations, settlements and payments of uncertain tax positions. Though actual results may materially differ, the estimated net decrease in unrecognized tax benefits for the next 12 months could be up to $ 13.6million.

#### NOTE 9 – POST-RETIREMENT BENEFIT PLANS
Defined Benefit Pension Plans

The Company has certain non-contributory defined benefit pension plans for salaried and hourly employees in the United States, Germany, the Netherlands and the United Kingdom. The Company uses a measurement date of September 30 beginning with fiscal 2025 and used October 31 for fiscal 2024 or any prior fiscal years for its pension plans. The salaried employees plans’ benefits are based primarily on years of service and earnings. The hourly employees plans’ benefits are based primarily upon years of service, and certain benefit provisions are subject to collective bargaining. The Company contributes an amount that is not less than the minimum funding and not more than the maximum tax-deductible amount to these plans. Salaried employees in the United States who commence service on or after November 1, 2007 are not eligible to participate in the U.S. defined benefit pension plan, but are eligible to participate in a defined contribution retirement program. Salaried employees outside the U.S. also have various dates in which they are not eligible to participate in the respective defined benefit pension plans, but are eligible to participate in a defined contribution retirement program. The category “International” represents the non-contributory defined benefit pension plans in Germany, the Netherlands and the United Kingdom for September 30, 2025 (11-month) and October 31, 2024.

Pension plan contributions by the Company totaled $ 4.8million during