Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 25

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 25
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 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 March 31, 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 $9.8 million.Pension and Other BenefitsThe components of net pension cost (benefit) during the three months ended March 31, 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 March 31, 20252024202520242025202420252024Service cost$0.3 $0.4 $0.3 $0.3 $— $— $0.3 $0.3 Interest cost4.4 4.2 1.9 2.2 0.3 0.3 — — Expected return on plan assets(4.9)(5.6)(1.3)(1.5)— — — — Amortizations and other— — — — — — — — Net pension cost (benefit)$(0.2)$(1.0)$0.9 $1.0 $0.3 $0.3 $0.3 $0.3 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 Loss. 

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

The Company's cost under the qualified defined contribution retirement plans was $3.8 million and $3.5