Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 77

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 77
---
 of June 30, 2025 and December 31, 2024. June 30, 2025December 31, 2024 Fair ValuePar Value(1)Fair ValuePar Value(1)Term Loan due 2027$2,089.1 $2,086.5 $2,097.0 $2,097.0 Senior Secured Notes due 2028829.1 850.0 802.4 850.0 (1)See “Note 5 — Debt” for additional information.Marketable securities —  The Company classifies marketable securities with maturities in excess of three months and less than one year at acquisition as held-to-maturity. These investments primarily consist of U.S. Treasury bills. The Company does not purchase and hold securities principally for the purpose of selling them in the near future, and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases. At June 30, 2025, the Company recorded "Short-term investments" on the Condensed Consolidated Balance Sheets at amortized cost of $98.2. The Company values these investments by reference to quoted prices of similar assets in active markets, adjusted for any terms specific to that asset, which are classified within level 2. At June 30, 2025, the short-term investments had a fair value of $98.1. The Company held no short-term investments at December 31, 2024.

13

(9) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)Activity in accumulated other comprehensive income (loss) is as follows:Three months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024Foreign currency translation, beginning$(126.8)$(133.0)$(203.9)$(89.8)Other comprehensive income (loss)(1)116.8 (16.9)193.9 (60.1)Foreign currency translation, ending(10.0)(149.9)(10.0)(149.9)Interest rate swaps, beginning64.9 94.0 74.6 87.7 Unrealized gain (loss) deferred during the period(2)(3)(6.6)(2.9)(16.