Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 117

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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— — — (24.0)(24.0)Operating (loss) income$(755.4)$50.9 $34.7 $(189.1)$(858.9)Interest expense and financing fee amortization— — — (162.5)(162.5)Other income, net— — — 2.7 2.7 (Loss) income before income taxes and equity in net income of affiliates$(755.4)$50.9 $34.7 $(348.9)$(1,018.7)

(1)During the six months ended July 3, 2025, the Company completed the sale of its wholly owned subsidiary, Fiber Materials, Inc., and sold its equity in a Chinese joint venture, resulting in net gains of $81.2 and $1.8, respectively. The Company also recorded a ($132.5) loss for a valuation allowance on assets held for sale in relation to the Company’s Airbus Business These dispositions resulted in a net loss of $49.5 reflected within Loss on dispositions of businesses, net in the Condensed Consolidated Statement of Operations for the six months ended July 3, 2025. See Note 26 Dispositions for additional information. 

24.  Restructuring CostsThere were no restructuring costs for the three and six months July 3, 2025.The Company’s results of operations for the three and six months ended June 27, 2024 includes restructuring costs related to a reduction in hourly production workforce due to high inventory levels.

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

Restructuring costs are presented separately as a component of operating loss on the Condensed Consolidated Statements of Operations. The total restructuring costs for the three and six months ended June 27, 2024 were $0.8, which was included in the segment operating margins for the Commercial segment. 

25.  Supplier Financing The Company has provided certain suppliers with access to a supply chain financing program through facilities with a third-party financing institution. The Company’s suppliers’ ability to access the program is primarily dependent upon the strength of the Company’s financial condition and certain qualifying criteria. The program allows these suppliers to monetize their receivables prior to the contractual payment date, subject to payment of a discount. The