Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 81

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 same remaining maturities, which are considered level 2 inputs in accordance with Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.”Non-Recurring Fair Value MeasurementsThe following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the three months ended April 30, 2025 and 2024: Quantitative Information about Level 3Fair Value Measurements(in millions)Impairment AmountValuationTechniqueUnobservableInputRange ofInputValuesApril 30, 2025Net Assets Held for Sale$4.7 Indicative BidsIndicative BidsN/ALong Lived Assets$19.7 Discounted Cash Flows; Indicative BidsDiscounted Cash Flows; Indicative BidsN/ATotal$24.4 April 30, 2024Long Lived Assets$1.7 Discounted Cash Flows; Indicative BidsDiscounted Cash Flows; Indicative BidsN/ATotal$1.7 For six months ended April 30, 2025, the Company wrote down long-lived assets with a carrying value of $44.3 million to a fair value of $24.6 million, resulting in recognized asset impairment charges of $19.7 million. These charges include $0.7 million related to properties, plants and equipment, net, in the Customized Polymer Solutions reportable segment, $2.2 million related to properties, plants and equipment, net, in the Durable Metal Solutions reportable segment, $16.4 million related to properties, plants and equipment, net, in the Sustainable Fiber Solutions reportable segment, $0.2 million related to properties, plants and equipment, net in the Integrated Solutions reportable segment and $0.2 million related to definite-lived intangibles in the Integrated Solutions reportable segment. For six months ended April 30, 2025, the Company also recognized impairment charges of $4.7 million related to net assets held for sale in the Sustainable Fiber Solutions reportable segment.For six months ended April 30, 2024, the Company wrote down long-lived assets with a carrying value of $4.0 million to a fair value of $2.3 million, resulting in recognized asset impairment charges of $1.7