Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 84

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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1)697.3 661.7 (1)Senior secured first lien notes due 2029890.8 947.3(1)889.9 953.1(1)Senior secured second lien notes due 20301,183.1 1,307.4(1)1,181.9 1,308.9(1)Total$4,212.1 $4,484.0  $4,231.0 $4,472.5  (1)Level 1 Fair Value hierarchy

(2)Level 2 Fair Value hierarchy 

14.  Derivative and Hedging Activities

Derivatives Accounted for as HedgesCash Flow Hedges – Foreign Currency Forward Contract  The Company has entered into currency forward contracts, each designated as a cash flow hedge upon the date of execution, for the purpose of reducing the variability of cash flows and hedging against the foreign currency exposure for forecasted payroll, pension and vendor disbursements that are expected to be made in the British Pound Sterling. All outstanding foreign currency forward contracts were settled in August 2024. Since the forecasted transactions remain probable of occurring, the changes in the fair value of cash flow hedges recorded in AOCI will be recognized in earnings in the period in which the forecasted transactions impact earnings. The final recognition of $0.9 was recorded in the quarter ended April 3, 2025.The foreign currency exchange contracts are measured within Level 1 of the Fair Value hierarchy. See Note 13 Fair Value Measurements.Changes in the fair value of cash flow hedges are recorded in AOCI and recorded in earnings in the period in which the hedged transaction settles or in the period in which the forecasted transactions impact earnings. The gain (loss) recognized in AOCI associated with our hedging transactions is presented in the following table:Three Months EndedSix Months EndedJuly 3, 2025June 27, 2024July 3, 2025June 27, 2024Recognized in total other comprehensive loss:Foreign currency exchange contracts$— $0.8 $— $(1.0)The following table summarizes the gains/(losses) associated with our hedging transactions reclassified from AOCI to earnings:Three Months EndedSix Months EndedJuly 3, 2025June 27, 2024July 3, 2025June 27, 2024Foreign currency exchange