Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 45

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 45
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en exchange rates. Foreign currency option contracts are denominated in the Euro and Japanese Yen currencies, and have maturities of less than fourteen months.The majority of our foreign currency forward and option contracts are not designated as hedges for accounting purposes, and changes in the fair value of these instruments are recognized immediately in earnings. Because we enter into these derivative contracts only as an economic hedge, gains or losses on the underlying foreign-denominated balance are generally offset by the losses or gains on the forward contracts and currency impacts on the Euro or Japanese Yen-denominated operations may be partially offset by gains on the option contracts. Gains and losses on these derivatives and foreign currency denominated monetary assets and liabilities are included in Other income, net.

37

As of September 30, 2025 and 2024, we had outstanding forward and option contracts not designated as hedging instruments with notional amounts equivalent to the following:  

     September 30,

     Currency Hedged (in thousands)
      
     2025

     2024

     Euro / U.S. Dollar(1)
      
     $
     1,202,830

     $
     781,398

     British Pound / U.S. Dollar

     22,974

     24,810

     Israeli Shekel / U.S. Dollar

     20,094

     12,535

     Indian Rupee / U.S. Dollar

     53,465

     —

     Japanese Yen / U.S. Dollar(2)

     131,284

     42,340

     Swiss Franc / U.S. Dollar

     8,960

     74,939

     Swedish Krona / U.S. Dollar

     21,568

     48,596

     Chinese Renminbi / U.S. Dollar

     7,134

     32,124

     New Taiwan Dollar / U.S. Dollar

     23,098

     16,368

     All other

     26,679

     25,368

     Total
      
     $
     1,518,086

     $
     1,058,478

   (1)As of September 30, 2025, $835.4 million of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts and $367.4 million relates to option contracts. As of September 30, 2024