Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 63

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 31, 2025, $77.8 million ($84.2 million as of October 31, 2024) was outstanding on the European RFA. The weighted average interest rate for borrowings under the European RFA was 4.32% for the three months ended January 31, 2025.

NOTE 6 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Recurring Fair Value MeasurementsThe following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of January 31, 2025 and October 31, 2024:January 31, 2025AssetsLiabilities(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalInterest rate derivatives$— $41.5 $— $41.5 $— $(2.7)$— $(2.7)Foreign exchange hedges— 0.4 — 0.4 — (0.3)— (0.3)Insurance annuity— — 18.2 18.2 — — — — Cross currency swap— 5.3 — 5.3 — (4.6)— (4.6)October 31, 2024AssetsLiabilities(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalInterest rate derivatives$— $40.4 $— $40.4 $— $(5.6)$— $(5.6)Foreign exchange hedges— 0.2 — 0.2 — (0.1)— (0.1)Insurance annuity— — 18.9 18.9 — — — — Cross currency swap— 17.6 — 17.6 — (6.4)— (6.4)The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of January 31, 2025 and October 31, 2024 approximate their fair values because of the short-term nature of these items and are not included in this table.Interest Rate DerivativesAs of January 31, 2025, the Company has various interest rate swaps