Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 30

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 30
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— — — Settlement loss3.6 — — — — — — — Net pension cost (benefit)$3.3 $(1.0)$1.0 $1.0 $0.3 $0.3 $0.4 $0.3 

The components of net pension cost (benefit) during the nine months ended September 30, 2025 and 2024 were as follows (in millions):Pension BenefitsOther Post-employment Plans U.S.Non-U.S.U.S.Non-U.S.Nine Months Ended September 30, 20252024202520242025202420252024Service cost$0.8 $1.0 $0.8 $0.9 $0.1 $0.1 $0.9 $0.9 Interest cost12.8 12.7 6.0 6.7 0.7 0.8 0.1 0.1 Expected return on plan assets(14.3)(16.8)(3.9)(4.6)— — — — Amortizations and other— — — — — — — — Settlement loss3.6 — — — — — — — Net pension cost (benefit)$2.9 $(3.1)$2.9 $3.0 $0.8 $0.9 $1.0 $1.0 The components of net pension cost (benefit) other than the service cost component are included in Other expense, net in the unaudited Condensed Consolidated Statements of Income (Loss). 

The Company's cost under the qualified defined contribution retirement plans was $3.6 million and $3.9 million, respectively, for the three months ended September 30, 2025 and 2024 and $11.0 million and $11.3 million, respectively, for the nine months ended September 30, 2025 and 2024.

United Kingdom Pension Plan UpdateDuring the third quarter of 2025, we entered into an agreement with a third party insurance company to execute a buy-in of plan assets with an option to elect a future buy-out conversion. All plan assets were transferred to the insurance company in exchange for an annuity contract. Effective