Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 75

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 summary of our investments measured at fair value at September 30, 2025:TotalLevel 1Level 2Level 3Unclassified (In thousands)Equity securitiesMutual funds$8,008 $— $8,008 $— $— Total$8,008 $— $8,008 $— $— The following is a summary of our investments measured at fair value at December 31, 2024:TotalLevel 1Level 2Level 3Unclassified (In thousands)Equity securitiesMutual funds$8,775 $— $8,775 $— $— Available-for-sale securitiesCorporate bonds1,834 1,834 — — — Total$10,609 $1,834 $8,775 $— $— We estimate the fair value of investments based on quoted market prices. For investments for which there are no quoted market prices, we derive fair values from available yield curves for investments of similar quality and terms.DerivativesLevel 2 derivative assets and liabilities currently consist of FX forward contracts. Where applicable, the value of these derivative assets and liabilities is computed by discounting the projected future cash flow amounts to present value using market-based observable inputs, including FX forward and spot rates, interest rates and counterparty performance risk adjustments. At September 30, 2025 and December 31, 2024, we had FX forward contracts outstanding to purchase or sell 

foreign currencies, primarily Canadian dollars and Euros, with a total fair value of $8.2 million. Derivative assets and liabilities are included in Accounts receivable – other and Accounts payable, respectively, on our condensed consolidated balance sheets.Other Financial InstrumentsWe used the following methods and assumptions in estimating our fair value disclosures for our other financial instruments, as follows:Cash and cash equivalents and restricted cash and cash equivalents. The carrying amounts that we have reported in the accompanying condensed consolidated balance sheets for Cash and cash equivalents and Restricted cash and cash equivalents approximate their fair values due to their highly liquid nature.Long-term and short-term debt. We base the fair values of debt instruments, including our 4.125% senior notes due 2028 (the "Senior Notes due 2028") and our 4.125% senior notes due 2029 (the "Senior Notes due 2029"), on quoted market prices. Where quoted prices are not available, we base the fair