Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 219

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 219
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 Fair Value Measurement for additional disclosure.

2) ACQUISITIONS AND DIVESTITURESYears ended December 31, 2024:2024 Acquisitions of Assets and Businesses:During 2024, we spent $19 million on the acquisition of businesses and properties. 2024 Divestiture of Assets and Businesses:During 2024, we received $39 million from the sale of assets and businesses.Year ended December 31, 2023:2023 Acquisitions of Assets and Businesses:During 2023, we spent $4 million on the acquisition of businesses and properties. 2023 Divestiture of Assets and Businesses:During 2023, we received $24 million from the sale of assets and businesses.  Year ended December 31, 2022:2022 Acquisitions of Assets and Businesses:During 2022, we spent $20 million to acquire various businesses and properties. 2022 Divestiture of Assets:During 2022, we received $12 million from the sales of various assets

3) FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTCash Flow Hedges:When applicable, we measure our interest rate swaps at fair value on a recurring basis. The fair value of our interest rate swaps is based on quotes from our counterparties.  We consider those inputs to be “level 2” in the fair value hierarchy as outlined in the authoritative guidance for disclosures in connection with derivative instruments and hedging activities. During the years ended December 31, 2024, 2023 and 2022, we had no cash flow hedges outstanding.Foreign Currency Forward Exchange Contracts:We use forward exchange contracts to hedge our net investment in foreign operations against movements in exchange rates. The effective portion of the unrealized gains or losses on these contracts is recorded in foreign currency translation adjustment within accumulated other comprehensive income and remains there until either the sale or liquidation of the subsidiary.  In connection with these forward exchange contracts, we recorded net cash inflows of approximately $13 million during 2024, net cash outflows of approximately $41 million during 2023 and net cash inflows of approximately $95 million during 2022.Derivatives Hedging Relationships:The following table presents the effects of our foreign currency foreign exchange contracts on our results of operations for the three years ended December 31 (in thousands):

104

        Gain/(Loss) recognized in AOCI

        December 31,

        December 31,

        December 31,