Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 27

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 27
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 (loss) are summarized below (in millions) on a pretax basis:Derivatives Designated in Hedging RelationshipsGains (Losses) Recognized in Accumulated Other Comprehensive LossThree Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Derivatives designated as cash flow hedgeAmounts included in assessment of effectiveness$0.5 $(11.0)$(3.6)$2.8 Derivatives designated as net investment hedgeAmounts included in assessment of effectiveness3.9 (18.7)(57.9)(6.1)Total gain (loss)$4.4 $(29.7)$(61.5)$(3.3)The Company's designated derivative instruments are highly effective. As such, there were no gains or losses recognized immediately in income related to the hedge ineffectiveness or amounts excluded from hedge effectiveness testing for the three and nine months ended September 30, 2025 or 2024, other than those related to derivatives designated as a net investment hedge, noted below.Gains (losses) on derivatives within the Condensed Consolidated Statement of Income (Loss) were as follows (in millions): Location of Gains (Losses)Amount of Gains (Losses) RecognizedThree Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Effect of cash flow hedgesAmount reclassified from Accumulated other comprehensive income (loss) to incomeInterest expense$3.8 $6.0 $11.5 $18.5 Effect of net investment hedgesAmount excluded from assessment of hedge effectivenessInterest expense1.5 1.8 5.1 5.6 Effect of fair value hedgesHedged itemInterest expense— 0.9 — 2.9 Derivative designated as hedgesInterest expense— (0.9)— (2.9)Effect of non-designated hedgesForeign exchange contractsOther income(1.2)0.8 3.7 3.7 Total gain$4.1 $8.6 $20.3 $27.8 

Deferred gains of $7.1 million attributable to settled interest rate swaps designated as cash flow hedges are expected to be reclassified to Interest expense over the next twelve months. 

Note 11. Commitments and Contingencies

Other CommitmentsIn connection with the EP Divest