Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 150

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 150
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.Non-U.S.20242023202420232024202320242023Discount rate5.63 %5.14 %4.98 %4.19 %5.26 %5.00 %3.43 %4.18 %Rate of compensation increase1.93 %1.90 %2.72 %0.45 %N/A3.50 %2.75 %2.72 %

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The components of net pension benefit cost (benefit) during the years ended December 31, 2024, 2023, and 2022 were as follows (in millions):Pension Benefits U.S.Non-U.S. 202420232022202420232022Service cost$1.4 $1.6 $0.9 $1.2 $1.0 $0.7 Interest cost16.9 17.7 9.3 8.7 8.4 4.4 Expected return on plan assets(22.4)(22.1)(11.9)(6.0)(4.3)(4.3)Amortizations and other— — 1.7 (2.4)0.4 0.4 Net periodic benefit cost (benefit)$(4.1)$(2.8)$— $1.5 $5.5 $1.2 Other Postretirement Benefits(1) USNon-US 202420232022202420232022Service cost$0.1 $0.2 $0.1 $1.2 $1.2 $0.4 Interest cost1.1 1.2 0.6 0.1 0.1 — Expected return on plan assets— — — — — — Amortizations and other— — — — 0.1 0.2 Net periodic benefit cost (benefit)$1.2 $1.4 $0.7 $1.3 $1.4 $0.6 Assumptions are used to determine net periodic benefit costs. In addition to the discount rate and rate of compensation increase, which are used to determine