Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 105

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 105
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 For the cash flow hedges that were settled, the gain will be recognized to income, through interest expense, over time through an amortization of the remaining OCI balance at termination. This OCI balance amounted to $ 1.8million and will be recognized on a straight-line basis to the income statement through the transaction’s original maturity date of October 5, 2026.

Other Financial Instruments

The fair values of the Company’s 2022 Credit Agreement, the 2023 Credit Agreement, the U.S. RFA and the European RFA do not materially differ from carrying value as the Company’s cost of borrowing is variable and approximates current borrowing rates. The fair values of the Company’s long-term obligations are estimated based on either the quoted market prices for the same or similar issues or the current interest rates offered for the debt of the same remaining maturities, which are considered level 2 inputs in accordance with ASC 820, “Fair Value Measurements and Disclosures.”

Pension Plan Assets

On an annual basis the Company compares the asset holdings of its pension plan to targets it previously established. The pension plan assets are categorized as equity securities, debt securities, fixed income securities, insurance annuities or other assets, which are considered level 1, level 2 and level 3 fair value measurements. See Note 9 herein for additional disclosures related to pension plan assets. The typical asset holdings include:

• Common stock: Valued based on quoted prices and are primarily exchange-traded.

• Mutual funds: Valued at the Net Asset Value (“NAV”) available daily in an observable market.

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• Common collective trusts: Unit value calculated based on the observable NAV of the underlying investment.

• Pooled separate accounts: Unit value calculated based on the observable NAV of the underlying investment.

• Government and corporate debt securities: Valued based on readily available inputs such as yield or price of bonds of comparable quality, coupon, maturity and type.

• Insurance annuity: Value is derived based on the value of the corresponding liability.

Non-Recurring Fair Value Measurements

The assumptions used in measuring fair value of long-lived assets are considered level 3 inputs, which include bids received from third parties, recent purchase offers, market comparable information and discounted cash flows based on assumptions that market participants would use. The assumptions used in measuring fair value of assets and liabilities held for sale are considered level 3 inputs, which include recent purchase offers, market comparables and/or data obtained from commercial