Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 127

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 127
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 other current assets$0.1 $9.0 Other accrued liabilities9.5 0.1 Total fair value$(9.4)$8.9 The following table summarizes the location and amount of gains (losses) recognized on foreign exchange forward contracts.Year Ended December 31,202420232022Statement of Income LocationOther (expense), net$(35.6)$13.5 $(39.3)Other financial instruments include temporary cash investments and customer accounts receivable. Temporary investments are placed with creditworthy financial institutions, primarily in money market funds, time deposits and certificate of deposits, which may be withdrawn at any time at the discretion of the company without penalty. At December 31, 2024 and 2023, the company’s cash equivalents principally have maturities of less than one month or can be withdrawn at any time at the discretion of the company without penalty. Due to the short maturities of these instruments, they are carried on the consolidated balance sheets at cost plus accrued interest, which approximates fair value. Receivables are due from a large number of customers that are dispersed worldwide across many industries. At December 31, 2024 and 2023, the company had no significant concentrations of credit risk with any one customer.

Note 13 — Properties

The components of properties, net were as follows:As of December 31,20242023Buildings$0.3 $0.3 Machinery and office equipment208.7 211.5 Internal-use software180.9 177.1 Rental equipment6.3 7.5 Total properties$396.2 $396.4 Less - Accumulated depreciation and amortization339.1 332.1 Properties, net$57.1 $64.3 Long-lived assets to be sold are classified as held-for-sale in the period in which they meet all the criteria for the disposal of long-lived assets. The company measures assets held-for-sale at the lower of their carrying amount or fair value less cost to sell. At both December 31, 2024 and 2023, the company had $4.9 million of assets held-for-sale related to its data center facility located in Eagan, Minnesota. In 2021, the company determined that these assets met the criteria for classification of assets held-for-sale. Since the assets have been held-for-sale for more than a year, the company evaluates whether (i) the