Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 116

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 116
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5.11 | % |
| Rate of compensation increase |     |               | 2.96 | % |     |             | 2.96 | % |

The weighted average assumptions used to determine the pension cost for the years ended September 30 and October 31 were as follows:

| Year Ended                     |     | 11 Months 
 2025      | September 30, |   |     | 12 Months 
 2024      | October 31, |   |     | 12 Months 
 2023      | October 31, |   |
|:-------------------------------|:----|:----------|--------------:|:--|:----|:----------|------------:|:--|:----|:----------|------------:|:--|
| Discount rate                  |     |           |          5.11 | % |     |           |        6.05 | % |     |           |        5.61 | % |
| Expected return on plan assets |     |           |          5.58 | % |     |           |        5.84 | % |     |           |        4.99 | % |
| Rate of compensation increase  |     |           |          2.96 | % |     |           |        2.96 | % |     |           |        2.99 | % |

The discount rate is determined by developing a hypothetical portfolio of individual high-quality corporate bonds available at the measurement date, the coupon and principal payments of which would be sufficient to satisfy the plans’ expected future benefit payments as defined for the projected benefit obligation. The discount rate by country is equivalent to the average yield on that hypothetical portfolio of bonds and is a reflection of current market settlement rates on such high quality bonds, government treasuries and annuity purchase rates. To determine the expected long-term rate of return on pension plan assets, the Company considers current and expected asset allocations, as well as historical and expected returns on various categories of plan assets. In developing future return expectations for the defined benefit pension plans’ assets, the Company formulates views on the future economic environment, both in the U.S. and globally. The Company evaluates general market trends and historical relationships among a number of key variables that impact asset class returns, such as expected earnings growth, inflation, valuations, yields and spreads, using both internal and external sources. The Company takes into account expected volatility by asset class and diversification across classes to determine expected overall portfolio results