Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 19

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 19
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.3 million were included in Other current assets as of September 30, 2025 and December 31, 2024, respectively. 

The following table summarizes total restructuring and other impairment expense (in millions):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Filtration and Advanced Materials(1)Severance and termination benefits$0.7 $0.3 $2.8 $3.8 Other exit costs0.4 0.4 1.2 1.4 FAM restructuring expense1.1 0.7 4.0 5.2 Sustainable and Adhesive Solutions(2)Severance and termination benefits1.0 0.5 1.4 10.6 Other exit costs— 1.0 0.1 2.1 SAS restructuring expense1.0 1.5 1.5 12.7 UnallocatedSeverance and termination benefits— 0.1 1.4 3.4 Other exit costs— — — — Unallocated restructuring expense— 0.1 1.4 3.4 Total restructuring expense2.1 2.3 6.9 21.3 Filtration and Advanced MaterialsOther impairment expense6.0 — 11.3 — Sustainable and Adhesive SolutionsOther impairment expense— 8.9 — 16.1 Total restructuring and other impairment expense$8.1 $11.2 $18.2 $37.4 (1)Includes costs associated with facility closures initiated in  prior years of $0.4 million and $0.5 million for the three months ended September 30, 2025 and 2024, respectively and $1.2 million and $2.0 million for the nine months ended September 30, 2025 and 2024, respectively. Through September 30, 2025, the Company has recognized accumulated restructuring and impairment charges of $11.4 million related to an ongoing facility closure. During the remainder of 2025, the Company expects to record additional restructuring costs in the FAM segment, not expected to exceed $0.5 million related to the closure of this facility.(2)Includes costs associated with facility closures initiated in prior years of $0.8