Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 301

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 301
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 1,806 Other assets:Guarantee assets— — 5,351 — 5,351 Derivative assets, net— 6,209 2 (5,725)486 Other assets— 92 166 — 258 Total other assets— 6,301 5,519 (5,725)6,095 Total assets carried at fair value on a recurring basis$29,854 $24,066 $10,337 ($5,725)$58,532 Liabilities:Debt:Debt of consolidated trusts$— $1,707 $343 $— $2,050 Debt of Freddie Mac— 336 90 — 426 Total debt— 2,043 433 — 2,476 Other liabilities:    Derivative liabilities, net— 8,608 63 (7,798)873    Other liabilities— — — — — Total other liabilities— 8,608 63 (7,798)873 Total liabilities carried at fair value on a recurring basis$— $10,651 $496 ($7,798)$3,349 

(1)     Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable.

Level 3 Fair Value MeasurementsThe table below presents a reconciliation of all assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis using significant unobservable inputs (Level 3), including transfers into and out of Level 3. The table also presents gains and losses due to changes in fair value, including both realized and unrealized gains and losses, recognized on our consolidated statements of income for Level 3 assets and liabilities.

FREDDIE MAC  |  2024 Form 10-K203

Financial Statements                               Notes to Consolidated Financial Statements | Note 16

Table 16.2 - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs Year Ended December 31, 2024 Balance,January 1,2024Total Realized/Unrealized Gains/Losses(1)PurchasesIssuesSalesSettlements,NetTransfersintoLevel 3Transfersout ofLevel 3Balance,December 31,2024Change in Unrealized Gains/Losses(1) Included in Net Income