Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 77

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 108.6 Machinery and equipment658.7 646.5 Capital projects in progress28.1 17.8 813.2 789.6 Accumulated depreciation(545.1)(520.5)Total properties, plants and equipment, net from discontinued operations268.1 269.1 Total assets from discontinued operations classified as held for sale$856.2 $837.6 LIABILITIESAccounts payable$83.5 $63.3 Accrued payroll and employee benefits16.7 15.1 Current portion of operating lease liabilities8.9 9.6 Other current liabilities12.8 13.0 Total current liabilities from discontinued operations121.9 101.0 Operating lease liabilities51.2 55.8 Contingent liabilities and environmental reserves2.6 2.6 Other long-term liabilities0.7 1.4 Total long-term liabilities from discontinued operations54.5 59.8 Total liabilities from discontinued operations classified as held for sale$176.4 $160.8 The following table presents depreciation, amortization, and capital expenditures of the Containerboard Business from discontinued operations: Three Months EndedJuly 31,Nine Months EndedJuly 31,(in millions)2025202420252024Depreciation and amortization$5.9 $8.1 $24.2 $24.8 Capital expenditures10.4 16.5 21.0 43.3 The Company had no other material noncash operating and investing activities related to the discontinued operations.Delta DivestitureDuring the third quarter of 2024, the Company completed its divestiture of a U.S. business in the Integrated Solutions segment, Delta Petroleum Company, Inc. (the “Delta Divestiture”), for net cash proceeds of $91.2 million. The Delta Divestiture did not qualify as discontinued operations because it did not represent a strategic shift that has had a major impact on the Company’s 

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operations or financial results. The Delta Divestiture resulted in a $46.1 million gain on sale of business, including goodwill allocated to the sale of $26.1 million.AcquisitionsIpackchem AcquisitionThe Company acquired Ipackchem Group SAS (“Ipackchem”) on March 26, 2024 (the “Ipackchem Acquisition”). Ipackchem is a global market leader in the production