Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 115

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 115
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 the contract. The Company typically uses an observable price to determine the stand-alone selling price for separate performance obligations. The Company does not typically include extended payment terms or significant financing components in its contracts with customers. Certain sales contracts may include cash-based incentives (volume rebates or credits), which are accounted for as variable consideration. We estimate these amounts at least quarterly based on the expected forecast quantities to be provided to customers and reduce revenues recognized accordingly. Incidental items that are immaterial in the context of the contract are recognized as expense in the period incurred. The Company generally expenses sales commissions when incurred because the amortization period is one year or less. 

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

These costs are recorded within Selling and general expense. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less and contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. As a practical expedient, the Company treats shipping and handling activities that occur after control of the good transfers as fulfillment activities, and therefore, does not account for shipping and handling costs as a separate performance obligation. The remaining performance obligations as of December 31, 2024 are not considered material.Net sales are attributed to the following geographic locations of the Company’s direct customers (in millions):Years Ended December 31,202420232022FAMSASTotalFAMSASTotalFAMSASTotalUnited States$414.3 $683.2 $1,097.5 $456.9 $644.0 $1,100.9 $536.6 $411.8 $948.4 Europe194.1 323.9 518.0 196.3 350.1 546.4 107.3 273.9 381.2 Asia/Pacific119.1 90.9 210.0 119.4 87.3 206.7 100.7 70.3 171.0 Americas (excluding U.S.)23.0 83.5 106.5 23.2 102.3 125.5 20.7 78.0 98.7 Other foreign countries16.0 33.1 49.1 14.2 32.3 46.5 11