Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 68

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 68
---
9 |
| Total                                                                                                                         |               | $                |            1,696.5 |     | $ |          1,655.5 |
| *The Sustainable Fiber Solutions: Land Management reporting unit does not have a goodwill balance at either reporting period. |               |                  |                    |     |   |                  |

#### Recent Accounting Standards
See Note 1 of the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-KT for a detailed description of recently issued and newly adopted accounting standards.

<div align='center'>41</div>

#### Table of Contents

## ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

#### Interest Rate Risk
We are subject to interest rate risk related to our financial instruments that include borrowings under the 2022 Credit Agreement, the 2023 Credit Agreement and proceeds from U.S. RFA and the European RFA and cross currency and interest rate swap agreements. We do not enter into financial instruments for trading or speculative purposes. The interest rate swap agreements have been entered into to manage our exposure to variability in interest rates.

We have various interest rate swaps with a total notional amount of $562.5 million, maturing between March 1, 2027 and July 16, 2029. We receive variable interest rate payments based upon one-month U.S. dollar SOFR, and in return are obligated to pay interest at a weighted average fixed interest rate of 1.87%.

Gains reclassified to earnings under these interest rate swaps were recorded in the amount of $17.6 million, $34.8 million and $28.5 million for the years ended September 30, 2025 (11-month), October 31, 2024 and October 31, 2023, respectively. During the year ended September 30, 2025 (11-month), we 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 $5.3 million.

We have various cross currency interest rate swaps that synthetically swap $534.9 million of fixed rate debt to Euro denominated fixed rate debt. We receive a weighted average rate of 1.64%. These agreements are designated as either net investment hedges or cash flow hedges for accounting purposes and will mature between October 5, 2026 and November 3,