Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 149

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 149
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.2 $3.1 $3.8 ABO321.5 340.1 162.2 218.6 — — — — Fair value of plan assets342.1 356.8 139.1 192.9 — — — — As of December 31, 2024 and 2023, the pre-tax amounts in Accumulated other comprehensive income, net of tax that have not been recognized as components of net periodic benefit cost for the pension and OPEB plans are as follows (in 

91

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

millions):Pension BenefitsOther Postretirement BenefitsU.S.Non-U.S.U.S.Non-U.S.20242023202420232024202320242023Accumulated loss (gain)$16.3 $15.4 $8.4 $8.9 $0.4 $0.2 $— $— Prior service credit— — 0.5 0.5 — — — — Accumulated other comprehensive loss (gain)$16.3 $15.4 $8.9 $9.4 $0.4 $0.2 $— $— Actuarial assumptions are used to determine the Company's benefit obligations. The discount rate represents the interest rate used to determine the present value of future cash flows currently expected to be required to settle pension obligations. The discount rate fluctuates from year to year based on current market interest rates for high-quality, fixed-income investments. The Company also evaluates the expected average duration of its pension obligations in determining its discount rate. An assumed long-term rate of compensation increase is also used to determine the PBO. Healthcare cost trends are used to project future postretirement medical benefits payable from our plans. For purposes of measuring our U.S. plan obligations as of December 31, 2024, a 6.14% annual rate of increase in postretirement medical benefit costs was assumed; the rate was assumed to decrease gradually to 4.0% by 2048 and to remain at that level thereafter.The weighted average assumptions used to determine benefit obligations as of December 31, 2024 and 2023 were as follows:Pension BenefitsOther Postretirement BenefitsU.S.Non-U.S.U.S