Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 39

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Company may elect to designate certain derivatives as hedging instruments in accordance with ASC Topic 815 "Derivatives and Hedging". The Company formally documents all relationships between designated hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking hedge transactions. This process includes linking all derivatives designated as hedges to forecasted cash flows and assessing, both at inception and on an ongoing basis, the effectiveness of the hedging relationships.The Company's foreign exchange risk management program consists of designated cash flow hedges and undesignated hedges. As of September 30, 2025, the Company has hedge instruments primarily for British Pound/

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U.S. Dollar, Euro/U.S. Dollar, U.S. Dollar/Chinese Renminbi, U.S. Dollar/Mexican Peso, U.S. Dollar/Canadian Dollar and U.S. Dollar/Japanese Yen currency pairs.All derivatives are recognized on the Condensed Consolidated Balance Sheets at fair value and are classified based on the instrument's maturity date.The following table presents the fair value of the Company's foreign currency contracts within the respective line items on the Condensed Consolidated Balance Sheets. Refer to Note 13 of these Condensed Consolidated Financial Statements for a discussion of the fair value measurements.September 30, 2025March 31, 2025Derivatives designated as hedging instrumentsPrepaid expenses and other current assets, net$2,618 $13,137 Other long-term assets1,328 507 Total derivative assets designated as hedging instruments$3,946 $13,644 Other current liabilities$35,996 $6,359 Other long-term liabilities9,716 5,581 Total derivative liabilities designated as hedging instruments$45,712 $11,940 Derivatives not designated as hedging instrumentsPrepaid expenses and other current assets, net$— $78 Total derivative assets not designated as hedging instruments$— $78 Other current liabilities$1,048 $1,590 Total derivative liabilities not designated as hedging instruments$1,048 $1,590 The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items:Three Months Ended September 30,Six Months Ended September 30,2025202420252024TotalAmount of Gain (Loss) on Cash Flow Hedge