Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 220

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 220
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        2024

        2023

        2022

        Net Investment Hedge relationships

        Foreign currency foreign exchange contracts
        $
        15,344

        $
        (45,748
        )
         
        $
        96,698

      No other gains or losses were recognized in income related to derivatives in Subtopic 815-20. Fair Value MeasurementFair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  The following fair value hierarchy classifies the inputs to valuation techniques used to measure fair value into one of three levels:•Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.•Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.  These included quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.•Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.The following tables present the assets and liabilities recorded at fair value on a recurring basis: 

        Balance at
         
        Balance Sheet
        Basis of Fair Value Measurement

        (in thousands)
        December 31, 2024
         
        Location
        Level 1
         
        Level 2
         
        Level 3

        Assets:

        Money market mutual funds
        $
        115,399
         
        Other noncurrent assets
        $
        115,399

        Certificates of deposit
         
        2,206
         
        Other noncurrent assets

        2,206

        Equity securities
         
        47,333
         
        Other noncurrent assets
         
        47,333

        Deferred compensation assets
         
        49,222
         
        Other noncurrent assets
         
        49,222

        Foreign currency forward exchange contracts
         
        572
         
        Other current assets

        572

        $
        214,732

        $
        211,954
         
        $
        2,778

        -

        Liabilities:

        Deferred compensation liability
         
        49,222
         
        Other noncurrent liabilities