Company: SPR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001628280-25-009088
Chunk: 140

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 140
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 expense previously stranded in OCI that was recognized in 2023 due to the termination of the pension. 

Merger Agreement.  Other than transaction expenses associated with the Merger of $66.0 million recorded within Selling, general and administrative expense in our Consolidated Statements of Operations, the Merger Agreement did not affect the Company’s consolidated financial statements for the year ended December 31, 2024.

Segments.  The following tables show segment revenues, segment gross profit and segment operating income for the twelve months ended December 31, 2024 and 2023: 

57

Twelve Months Ended December 31, 2024CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$4,927.4 $975.2 $414.0 $— $6,316.6 Cost of sales(6,263.3)(870.5)(358.7)— (7,492.5)Excess capacity costs(186.5)(10.0)— — (196.5)Segment gross (loss) profit$(1,522.4)$94.7 $55.3 $— $(1,372.4)Restructuring costs(0.7)— — — (0.7)Segment operating (loss) income (1)$(1,523.1)$94.7 $55.3 $— $(1,373.1)Selling, general and administrative— — — (365.5)(365.5)Research and development— — — (47.5)(47.5)Operating (loss) income$(1,523.1)$94.7 $55.3 $(413.0)$(1,786.1)Interest expense and financing fee amortization— — — (353.5)(353.5)Other expense, net— — — (2.0)(2.0)(Loss) income before income taxes and equity in net income of affiliates$(1,523.1)$94.7 $55.3 $(768.5)$(2,141.6)

Twelve Months Ended December 31, 2023CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$4,885.0 $789.0 $373.9 $—