Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 128

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 128
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15.9 Total liabilities held for sale$1,827.3 $75.1 $1,902.4 Cumulative translation adjustment asset$28.7 $4.5 $33.2 Receivables due from Company, net$(48.5)$93.2 $44.7 (Payables due to) / Receivables from Company, net, in the table above, represents the net intercompany trade balance outstanding at Airbus Business Disposition and Malaysia Business Disposition, which will not be extinguished upon closing of the Airbus Business Disposition. At that point, such balance will become a third-party payable of the respective Disposition group and a third-party receivable of the Company. In the second quarter of 2025, the Company recorded a loss of ($132.5) in the loss from business dispositions on the Company’s Condensed Consolidated Statement of Operations representing the difference between the carrying value of the 

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

Airbus Business held for sale group and estimated negative fair value of $580.9, equal to the estimated consideration due from Spirit and its subsidiaries to Airbus, inclusive of adjustments for certain specified advances as defined in the Purchase Agreement. In the third quarter of 2025, the Company updated its estimate of the Airbus Business sale consideration and recorded a decrease in the carrying value of the related held for sale group, partially attributable to an increase in the provision for forward losses recognized during the quarter. As a result, the Company reversed the previously recognized valuation allowance of $132.5, as reflected within (Gain) loss on disposition of businesses, net on the Company’s Condensed Consolidated Statement of Operations. Concurrently, upon initial classification of the Malaysia Disposal Group as held for sale during the third quarter of 2025, the Company recorded a loss of $109.6, representing the difference between the carrying value of the Malaysia Business Disposition held for sale group and its estimated sale price. The held-for-sale loss is reflected as a valuation allowance to the disposal group’s assets. The sale consideration is also subject to additional working capital and other purchase price adjustments at closing, which may alter the overall assumption on fair market value, but are not estimable as of the end of the third quarter of 2025. Additionally, the loss recorded is