Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 28

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 28
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% of Non-U.S. employees are under collective bargaining agreements that will expire in the next 12 months.For the Non-U.S. workforce, union membership is voluntary and does not need to be disclosed to the Company under local laws. As a result, the number of employees covered by the collective bargaining agreements in some countries cannot be determined.General Matters In the ordinary course of conducting business activities, the Company and its subsidiaries become involved in certain other judicial, administrative and regulatory proceedings involving both private parties and governmental authorities. These proceedings include insured and uninsured regulatory, employment, intellectual property, general and commercial liability, environmental and other matters. At this time, the Company does not expect any of these proceedings to have a material effect on its reputation, business, financial condition, results of operations or cash flows. However, the Company can give no assurance that the results of any such proceedings will not materially affect its reputation, business, financial condition, results of operations or cash flows.

Note 12. Postretirement and Other Benefits

The Company sponsors a number of different defined contribution retirement plans, alternative retirement plans and/or defined benefit pension plans across its operations. Defined benefit pension plans are sponsored in the United States, France, United Kingdom, Germany, Italy, and Canada and OPEB benefits related to post-retirement healthcare and life insurance are sponsored in the United States, Germany, and Canada. As of June 30, 2025, retained contributions associated with our UK Pension scheme with the use restricted to obligations related to the scheme are included in the Restricted cash of $10.4 million.Pension and Other BenefitsThe components of net pension cost (benefit) during the three 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.Three Months Ended June 30, 20252024202520242025202420252024Service cost$0.3 $0.2 $0.2 $0.3 $0.1 $0.1 $0.3 $0.3 Interest cost4.3 4.3 2.1 2.2 0.1 0.2 — 0.1 Expected return on plan assets(4.8)(5.6)(1.3)(1.5)— — — — Amortizations and other— — — —