Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 448

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 448
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 and $1,426,464, respectively.Derivative Financial InstrumentsThe fair values for the Company’s derivative financial instruments were determined using observable current market information such as the prevailing Term SOFR interest rate and Term SOFR yield curve rates and included consideration of counterparty credit risk. See Note 19 for disclosures related to the Company’s use of derivative financial instruments.The following table presents the aggregate fair value of the Company’s derivative financial instruments:

        Fair Value Measurements Using:

        TotalFairValue

        Quoted Prices inActive Marketsfor Identical Assets(Level 1)

        Significant OtherObservable Inputs(Level 2)

        SignificantUnobservableInputs(Level 3)

        Interest rate swaps current asset at December 28, 2024
         
        $
        —

        $
        —

        $
        —

        $
        —

        Interest rate swaps current asset at December 30, 2023
         
        $
        3,555

        $
        —

        $
        3,555

        $
        —

       The Company did not have any transfers into or out of Levels 1 and 2 and did not maintain any assets or liabilities classified as Level 3 during the fiscal years ended December 28, 2024 and December 30, 2023.

19.Derivative Instruments and HedgingIn June 2023, the Company amended the terms of its then-effective interest rate swap agreements to implement a forward-looking interest rate based on Term SOFR in place of LIBOR. Since the interest rate swap agreements were affected by reference rate reform, the Company applied the expedients and exceptions provided to preserve the past presentation of its derivatives without de-designating the existing hedging relationships. All amendments to interest rate swap agreements were executed with the existing counterparties and did not change the notional amounts, maturity dates, or other critical terms of the hedging relationships.

F-41

WW INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (IN THOUSANDS, EXCEPT PER SHARE AND PER UNIT AMOUNTS)  

As of December 28, 2024, due to the termination of the interest rate swaps on March 31, 2024 as discussed below, the Company did not have any interest rate swaps in effect. As of December 30, 2023, the Company had in effect interest rate swaps with an aggregate notional amount totaling $500,000.On June 11, 2018, in order to hedge a