Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 147

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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$55,559 $61,812 $51,983 $61,549 Additions (net of redemption)432 941 800 2,345 Change in fair value of deferred compensation plan assets (Note a)1,001 5,603 4,209 4,462 Closing balance$56,992 $68,356 $56,992 $68,356 (a)Changes in the fair value of plan assets are reported in “other income (expense), net” in the consolidated statements of income. 

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GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

5. Fair value measurements (Continued)The following table provides a roll-forward of the fair value of deferred compensation plan liabilities categorized as level 3 in the fair value hierarchy for the three and six months ended June 30, 2024 and 2025:Three months ended June 30,Six months ended June 30,2024202520242025Opening balance$54,519 $61,196 $51,354 $60,924 Additions (net of redemption)800 941 801 2,345 Change in fair value of deferred compensation plan liabilities (Note a)992 5,595 4,156 4,463 Closing balance$56,311 $67,732 $56,311 $67,732 (a)Changes in the fair value of deferred compensation plan liabilities are reported in “selling, general and administrative expenses” in the consolidated statements of income.

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GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

6. Derivative financial instruments

The Company is exposed to the risk of rate fluctuations on its foreign currency assets and liabilities and on foreign currency denominated forecasted cash flows and interest rates. The Company has established risk management policies, including the use of derivative financial instruments to hedge foreign currency assets and liabilities, foreign currency denominated forecasted cash flows and interest rate risk. These derivative financial instruments consist of deliverable and non-deliverable forward foreign exchange contracts, treasury rate locks and interest rate swaps. The Company enters into these contracts with counterparties that are banks or other financial institutions, and the Company considers the risk of non-performance by such counterparties not to be