Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 120

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 120
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million, Property, plant and equipment, net of $9.6 million, Inventories, net of $2.7 million, as well as decreases in Goodwill of $12.0 million, Accounts payable and other current liabilities of $9.1 million, Accounts receivable, net of $8.5 million, and other immaterial changes, as presented in the table below. The consideration paid to merge with Neenah, and the fair values of the assets acquired and liabilities assumed as of the Merger date were as follows (in millions):Final Fair Value AllocationAdjustmentsPreliminary Allocation as of July 6, 2022Cash and cash equivalents$55.9 $— $55.9 Accounts receivable, net198.1 (8.5)206.6 Inventories, net194.5 2.7 191.8 Other current assets27.8 0.3 27.5 Property, plant and equipment, net463.2 9.6 453.6 Intangible assets, net236.9 17.9 219.0 Other assets42.1 0.3 41.8 Total assets$1,218.5 $22.3 $1,196.2 Current debt$1.9 $— $1.9 Accounts payable and other current liabilities198.8 (9.1)207.9 Long-term debt22.8 — 22.8 Deferred income tax liabilities86.7 19.0 67.7 Other liabilities82.4 0.4 82.0 Net assets acquired825.9 12.0 813.9 Goodwill230.4 (12.0)242.4 Total consideration $1,056.3 $— $1,056.3 

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The fair value of receivables acquired approximates the gross contractual value. The contractual amount not expected to be collected is immaterial.Acquired inventory was comprised of finished goods, work in process and raw materials. The fair value of finished goods was based on net realizable value adjusted for the costs of selling and manufacturing and a reasonable profit margin on selling effort and manufacturing costs. The fair value of work in process was