Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 30

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 amounted to $1.8 million and will be recognized on a straight-line basis to the income statement through the transaction’s original maturity date of October 5, 2026.Other Financial InstrumentsThe fair values of the Company’s 2022 Credit Agreement, the 2023 Credit Agreement, the U.S. RFA, and the European RFA do not materially differ from carrying value as the Company’s cost of borrowing is variable and approximates current borrowing rates. The fair values of the Company’s long-term obligations are estimated based on either the quoted market prices for the same or similar issues or the current interest rates offered for the debt of the same remaining maturities, which are considered level 2 inputs in accordance with Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.”Non-Recurring Fair Value MeasurementsThe following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the three months ended April 30, 2025 and 2024: Quantitative Information about Level 3Fair Value Measurements(in millions)Impairment AmountValuationTechniqueUnobservableInputRange ofInputValuesApril 30, 2025Net Assets Held for Sale$4.7 Indicative BidsIndicative BidsN/ALong Lived Assets$19.7 Discounted Cash Flows; Indicative BidsDiscounted Cash Flows; Indicative BidsN/ATotal$24.4 April 30, 2024Long Lived Assets$1.7 Discounted Cash Flows; Indicative BidsDiscounted Cash Flows; Indicative BidsN/ATotal$1.7 For six months ended April 30, 2025, the Company wrote down long-lived assets with a carrying value of $44.3 million to a fair value of $24.6 million, resulting in recognized asset impairment charges of $19.7 million. These charges include $0.7 million related to properties, plants and equipment, net, in the Customized Polymer Solutions reportable segment, $2.2 million related to properties, plants and equipment, net, in the Durable Metal Solutions reportable segment, $16.4 million related to properties, plants and equipment, net, in the Sustainable Fiber Solutions reportable segment, $0.2 million related to