Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 29

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 29
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— — — — Net pension cost (benefit)$(0.2)$(1.1)$1.0 $1.0 $0.2 $0.3 $0.3 $0.4 

25

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

The components of net pension cost (benefit) during the six months ended  June 30, 2025 and 2024 were as follows (in millions):Pension BenefitsOther Post-employment Plans U.S.Non-U.S.U.S.Non-U.S.Six Months Ended June 30, 20252024202520242025202420252024Service cost$0.6 $0.6 $0.5 $0.6 $0.1 $0.1 $0.6 $0.6 Interest cost8.7 8.5 4.0 4.4 0.4 0.5 — 0.1 Expected return on plan assets(9.7)(11.2)(2.6)(3.0)— — — — Amortizations and other— — — — — — — — Net pension cost (benefit)$(0.4)$(2.1)$1.9 $2.0 $0.5 $0.6 $0.6 $0.7 The components of net pension cost (benefit) other than the service cost component are included in Other income (expense), net in the unaudited Condensed Consolidated Statements of Income (Loss). 

The Company's cost under the qualified defined contribution retirement plans was $3.6 million and $3.9 million, respectively, for the three months ended June 30, 2025 and 2024 and $7.4 million and $7.4 million, respectively, for the six months ended June 30, 2025 and 2024.

Note 13. Income Taxes

For interim financial reporting, the Company estimates the annual tax rate based on projected taxable income for the full year and records a quarterly income tax provision in accordance with ASC 740-270, Accounting for Income Taxes in Interim Periods. These interim estimates are subject to variation due to several factors