Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 38

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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31, 2024 were as follows:September 30, 2025December 31, 2024InputDerivatives designated as hedging instruments:Forward foreign exchange contracts - other current assets$4,697 $269 Level 2Forward foreign exchange contracts - accrued liabilities$— $(4,109)Level 2Derivatives not designated as hedging instruments:Forward foreign exchange contracts - other current assets$— $86 Level 2Forward foreign exchange contracts - accrued liabilities$(505)$— Level 2

16

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Unaudited)(Dollar amounts in thousands except per share and share amounts)

Items Measured at Fair Value on a Nonrecurring BasisIn addition to items that are measured at fair value on a recurring basis, the Company measures certain assets and liabilities at fair value on a nonrecurring basis, which are not included in the table above. As these nonrecurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy.Items Not Carried at Fair ValueFair values of the Company’s First Lien Notes, Third Lien Notes, and 2026 Senior Notes were as follows:September 30, 2025December 31, 2024Aggregate fair value$1,053,815 $1,012,495 Aggregate carrying value (1)$1,051,175 $1,051,175 (1)    Excludes unamortized debt issuance costs and unamortized original issue discount.Fair values were based on quoted market prices and are classified within Level 1 of the fair value hierarchy. Derivative Instruments and Hedging ActivitiesThe Company is exposed to fluctuations in foreign currency exchange rates, interest rates and commodity prices. The Company enters into derivative instruments primarily to hedge portions of its forecasted foreign currency denominated cash flows and designates these derivative instruments as cash flow hedges in order to qualify for hedge accounting. The Company also enters into derivative instruments to manage exposure related to foreign currency denominated monetary assets and liabilities.The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company also formally assesses whether a cash flow hedge is highly effective in offsetting changes in cash flows of the hedged item. Derivatives