Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 103

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 103
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 upon a designated fixed rate over the life of the swap agreements.

Gains reclassified to earnings under these contracts were $ 17.6million, $ 34.8million and $ 28.5million for the years ended September 30, 2025 (11-month), October 31, 2024 and October 31, 2023. A derivative gain of $ 8.4million, based upon interest rates at September 30, 2025, is expected to be reclassified from accumulated other comprehensive income (loss) to earnings in the next twelve months.

During the year ended September 30, 2025 (11-month), the Company accelerated the reclassification of amounts in other comprehensive income to earnings as a result of the hedged forecasted transactions becoming probable not to occur. The accelerated amounts were a loss of $ 5.3million.

Foreign Exchange Hedges

The Company conducts business in various international currencies and is subject to risks associated with changing foreign exchange rates. The Company’s objective is to reduce volatility associated with foreign exchange rate changes. Accordingly, the Company enters into various contracts that change in value as foreign exchange rates change to protect the value of certain

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existing foreign currency assets and liabilities, commitments and anticipated foreign currency cash flows. As of September 30, 2025, the Company had outstanding foreign currency forward contracts in the notional amount of $ 165.0million ($ 74.1million as of October 31, 2024).

Adjustments to fair value are recognized in earnings, offsetting the impact of the hedged profits. The assumptions used in measuring fair value of foreign exchange hedges are considered level 2 inputs, which were based on observable market pricing for similar instruments, principally foreign exchange futures contracts.

Realized gains recorded in other expense, net under fair value contracts were $ 0.4million, $ 1.0million and $ 1.2million for the years ended September 30, 2025 (11-month), October 31, 2024 and October 31, 2023, respectively. Unrealized net gains (losses) recognized by the Company in other expense, net were $( 0.1) million, $ 0.1million and zerofor the years ended September 30, 2025 (11-month), October 31, 2024 and October 31, 2023, respectively.

Cross Currency Swap