On August 29, 2025, the Company completed the acquisition of 100% equity interest in a Brazilian entity manufacturing rigid packaging. The purchase consideration amounted to $17 million. The acquisition is part of the Company's Global Rigid Packaging Solutions reportable segment and has resulted in the recognition of acquired identifiable net assets of $16 million and goodwill of $1 million. Goodwill is not deductible for tax purposes. The fair value estimates for the acquisition were based on market and cost valuation methods.

On November 19, 2024, Amcor plc, Aurora Spirit, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”), and Berry Global Group, Inc., a Delaware corporation (“Berry”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).

On April 30, 2025, the Company completed the Merger with Berry, a global leader in innovative packaging solutions based in the United States, acquiring 100 percent of their equity. Pursuant to the Merger Agreement, the purchase consideration of $10.4 billion, was based on the conversion of each outstanding share of Berry common stock issued (excluding shares held by Berry as treasury stock immediately prior to Merger) to 7.25 Amcor ordinary shares (and, if applicable, cash in lieu of fractional shares), fair value of converted vested Berry share-based awards at closing, fair value of converted unvested share-based awards attributable to pre-combination service, and debt required to be paid off at transaction close. In addition to the purchase consideration below, approximately $5.2 billion of debt was assumed by Amcor. The purchase price excludes transaction costs of $169 million incurred in the period ended June 30, 2025, which were expensed as incurred.


($ in millions, except price per share)
Berry shares outstanding at April 30, 2025 (in millions)	117
Share Exchange Ratio (1)	7.25
Price per Share (Based on Amcor’s closing share price on April 30, 2025) (1)	$	9.33
Total equity consideration issued to legacy Berry shareholders	$	7,897
Issuance of replacement equity awards	$	310
Repayment of outstanding Berry indebtedness upon consummation of Merger	$	2,190
Total consideration	$	10,397

In connection with the Merger, outstanding Berry share-based compensation awards, including restricted stock unit (RSU) and performance share unit (PSU) awards were replaced with Amcor RSU and options awards with generally the same terms and conditions as the original awards subject to the terms of the Merger Agreement. Outstanding short-term Berry options were deemed fully vested at the close of the transaction and unvested options were converted into Amcor option awards with generally the same terms and conditions as the original awards subject to the terms of the Merger Agreement. The Merger consideration includes $310 million related to Berry awards that were settled or replaced in connection with the acquisition. Compensation expense of $27 million was recognized immediately post-acquisition and $31 million of compensation expense will be recognized over the remaining service period of up to three years from the acquisition date.

The Merger with Berry positions the Company as a global leader in consumer packaging and dispensing solutions for healthcare, beauty and wellness, and nutrition with a comprehensive global footprint in flexible and rigid packaging solutions and greater scale in key regions of North America, Latin America, Asia Pacific and Europe, along with industry-leading research and development capabilities.

The Merger with Berry was accounted for as a business combination in accordance with ASC 805, "Business Combinations," with Amcor management determining that Amcor is the accounting acquirer in the Merger. The purchase consideration was required to be allocated to the estimated fair values of identifiable assets acquired and liabilities assumed in the transaction.

The following table summarizes the final purchase allocation of the assets acquired and liabilities assumed on the acquisition date and the measurement period adjustments made since June 30, 2025:


($ in millions)	Final Purchase Price Allocation
Cash and cash equivalents	$	555
Trade receivables	1,278
Inventories	1,493
Prepaid expenses and other current assets	150
Property, plant, and equipment	3,641
Operating lease assets	590
Deferred tax assets	39
Other intangible assets	5,964
Employee benefit assets	34
Other non-current assets	21
Total identifiable assets acquired	$	13,765

Current portion of long-term debt	$	859
Short term debt	1
Trade payables	626
Accrued employee costs	196
Other current liabilities	1,035
Non-current operating lease liabilities	495
Long-term debt, less current portion	4,365
Deferred tax liabilities	1,753
Employee benefit obligations	154
Other non-current liabilities	675
Total liabilities assumed	$	10,159
Net identifiable assets acquired	3,606
Fair value of non-controlling interest	(6)
Goodwill	6,797
Net assets acquired	$	10,397

The final allocation of the purchase price resulted in $1,783 million of goodwill for the Global Flexible Packaging Solutions segment and $5,014 million of goodwill for the Global Rigid Packaging Solutions segment, which is not tax deductible. The goodwill on acquisition represents the future economic benefit expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as expected future synergies.

The fair value measurement of tangible and intangible assets and liabilities was based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows, appraisals and market comparables. The fair value of customer relationships was determined using an income approach methodology, specifically the multi-period excess earnings method. Key assumptions used in estimating future cash flows included revenue growth rates, long-term growth rates, projected earnings before interest, tax, depreciation and amortization ("EBITDA"), income tax rates, discount rates, and customer attrition rates.

The following unaudited pro forma information has been prepared as if the Merger of Berry had occurred as of July 1, 2023. The unaudited pro forma information combines the historical results of Amcor and Berry.

•preliminary acquisition accounting adjustments, including amortization expense from the preliminary fair value adjustments to acquired intangible assets and purchase accounting related inventory effects;

The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisition been in effect for the periods presented, nor is it intended to be a projection of future results. For example, the pro forma results do not include the expected synergies from the transactions, nor the related costs to achieve.

On September 27, 2023, the Company completed the acquisition of a small manufacturer of flexible packaging for food, home care, and personal care applications in India for a purchase consideration of $14 million plus the assumption of debt of $10 million. The acquisition is part of the Company's Global Flexible Packaging Solutions reportable segment and resulted in the recognition of goodwill of $12 million. Goodwill is not deductible for tax purposes.

On January 14, 2026, the Company completed the sale of its investment in ePac Holdings, LLC ("ePac") and its operating subsidiaries for estimated proceeds of approximately $79 million, including contingent and deferred consideration. The sale resulted in a loss of approximately $2 million, which was recorded as other income/(expenses), net, within the consolidated statements of income. ePac had been accounted for under the equity method since fiscal year 2023.

On June 30, 2026, the Company completed the sale of a business identified as part of the strategic review of the Company's portfolio for cash consideration of $210 million. This business was part of the Global Rigid Packaging Solutions reportable segment, and resulted in a pre-tax net gain on sale of $25 million. In addition, during the fourth quarter of 2026, as part of the same strategic review, the Company disposed of three individually immaterial businesses for a cash consideration of $88 million. In addition to cash consideration, the Company recognized a $40 million deferred consideration receivable which is recorded in other non-current assets within the consolidated balance sheet as of June 30, 2026. These businesses were mainly

part of the Global Rigid Packaging Solutions reportable segment. The cumulative pre-tax, net gain from the sale of these businesses recorded in the fourth quarter of fiscal year 2026 was $31 million. In addition, the Company incurred a $6 million impairment charge in the third quarter of the fiscal year 2026 related to the strategic review of the Company's portfolio. The gains from the strategic review of the Company's portfolio have all been recorded as other income/(expenses), net, within the consolidated statements of income. The proceeds from these sales were used to reduce the Company's debt.

On November 25, 2024, the Company completed the sale of a non-core business in France in the Global Flexible Packaging Solutions reportable segment, recording a pre-tax net loss on sale of $7 million which includes a $4 million impairment charge recorded in the first quarter of fiscal year 2025. The loss has been recorded as other income/(expenses), net, within the consolidated statements of income.

On December 27, 2024, the Company completed the sale of its 50% equity interest in the Bericap North America closures business ("Bericap"), which was fully consolidated under the Global Rigid Packaging Solutions reportable segment, for cash consideration of $123 million. The sale resulted in a pre-tax net gain of $15 million which was recorded as other income/(expenses), net, within the consolidated statements of income. The proceeds from the sale were used to reduce the Company's debt.