Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 34

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---
 domestic research cost expensing, enhanced business interest deductibility, and modifications to the international tax framework. The Company has evaluated the impact of the OBBBA and determined that it does not have a material effect on the current quarter’s income tax provision. Most provisions of the OBBBA, except for bonus depreciation, will not affect the Company until the 2026 fiscal year.As part of the Ipackchem Acquisition, a deferred tax liability of $63.6 million has been recorded through purchase accounting. This liability arises from the temporary differences between the fair value of the acquired assets and liabilities and their respective tax basis through the measurement period. The primary components of the deferred tax liability include intangible assets, property, plant and equipment, and inventory. The goodwill is not deductible for tax purposes.

22

NOTE 9 — POST RETIREMENT BENEFIT PLANS

The components of net periodic pension cost include the following: Three Months EndedJuly 31,Nine Months EndedJuly 31,(in millions)2025202420252024Service cost$1.4 $1.5 $4.1 $4.3 Interest cost7.7 8.6 23.2 25.9 Expected return on plan assets(9.6)(10.8)(28.7)(32.3)Amortization of prior service benefit— — (0.1)(0.2)Recognized net actuarial loss (gain)0.1 (0.2)0.4 (0.7)Net periodic pension cost (benefit)$(0.4)$(0.9)$(1.1)$(3.0)The Company expects to make employer contributions of $5.9 million, including benefits paid directly by the Company, during 2025.The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item “Other expense, net” in the interim condensed consolidated statements of income.

NOTE 10 — CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES

Litigation-related LiabilitiesThe Company may become involved from time-to-time in litigation and regulatory matters incidental to its business, including governmental investigations, enforcement actions, personal injury claims, product liability, employment health and safety matters, commercial disputes, intellectual property matters, disputes regarding environmental clean-up costs, litigation in connection with acquisitions and divestitures, and other matters arising out of the normal