Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 139

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 139
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 expenses and other current liabilities— Total derivatives not designated as hedges 0.8  — Total derivatives $21.8  $2.9  The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2023 (in millions): Asset DerivativesLiability Derivatives Balance SheetLocationFairValueBalance SheetLocationFairValueDerivatives designated as hedges:    Foreign exchange contractsAccounts receivable, net$0.9 Accrued expenses and other current liabilities$— Foreign exchange contractsOther assets— Other liabilities18.4 Interest rate contractsOther assets10.9 Other liabilities4.9 Total derivatives designated as hedges 11.8  23.3 Derivatives not designated as hedges:    Foreign exchange contractsAccounts receivable, net1.7 Accrued expenses and other current liabilities1.5 Total derivatives not designated as hedges 1.7  1.5 Total derivatives $13.5  $24.8 

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Gains (losses) on derivatives designated as cash flow and net investment hedges recognized in other comprehensive income (loss) are summarized below (in millions) on a pretax basis:Derivatives Designated in Hedging RelationshipsGains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss)Year Ended December 31,202420232022Derivatives designated as cash flow hedgeAmounts included in assessment of effectiveness$12.8 $11.6 $63.2 Derivatives designated as net investment hedgeAmounts included in assessment of effectiveness22.9 (14.8)33.1 Total gain$35.7 $(3.2)$96.3 The Company's designated derivative instruments are highly effective. As such, there were no gains or losses recognized immediately in income related to the hedge ineffectiveness or amounts excluded from hedge effectiveness testing for the years ended December 31, 2024, 2023 or 2022, other than those related to the cross-currency swaps, noted below.Gains (losses) on derivatives within the Consolidated Statement of Income (Loss) were as follows (in millions): Location of Gains (Losses)Amount