Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 25

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 25
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 the terms of the underlying debt, including timing of the payments and interest rates. As of June 30, 2025 and December 31, 2024 the gross notional amounts of outstanding interest rate swaps designated as a cash flow hedge were $589.2 million and $589.2 million, respectively.

The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at June 30, 2025 (in millions):   Asset DerivativesLiability Derivatives Balance SheetLocationFairValueBalance SheetLocationFairValueDerivatives designated as hedges:    Foreign exchange contractsAccounts receivable, net$1.1 Accounts payable$— Foreign exchange contractsOther assets— Other liabilities59.0 Interest rate contractsAccounts receivable, net— Accrued expenses and other current liabilities— Interest rate contractsOther assets2.7 Other liabilities— Total derivatives designated as hedges 3.8  59.0 Derivatives not designated as hedges:    Foreign exchange contractsAccounts receivable, net0.3 Accrued expenses and other current liabilities— Total derivatives not designated as hedges 0.3  — Total derivatives $4.1  $59.0 

22

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2024 (in millions): Asset DerivativesLiability Derivatives Balance SheetLocationFairValueBalance SheetLocationFairValueDerivatives designated as hedges:    Foreign exchange contractsAccounts receivable, net$6.5 Accrued expenses and other current liabilities$— Foreign exchange contractsOther assets4.4 Other liabilities2.9 Interest rate contractsOther assets10.1 Other liabilities— Total derivatives designated as hedges21.0 2.9 Derivatives not designated as hedges:    Foreign exchange contractsAccounts receivable, net0.8 Accrued expenses and other current liabilities— Total derivatives not designated as hedges 0.8  — Total derivatives $21.8  $2.9 

Gains (losses) on derivatives designated as cash flow and net investment hedges recognized in