Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 64

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 of a significant component used in packaging materials. Other commodity contracts that are derivatives that do not meet the normal purchases and normal sales scope exception are used to manage the price risk associated with raw material costs. As of September 30, 2025 and December 31, 2024, the notional value of the commodity contracts outstanding was $91.0 million and $61.5 million, respectively. These commodity contracts have maturities expiring throughout 2025 and 2026 as of September 30, 2025.

26

TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 The following table identifies the fair value of each derivative instrument: Balance Sheet LocationSeptember 30, 2025December 31, 2024(In millions)Asset derivativesCommodity contractsPrepaid expenses and other current assets$7.3 $9.1 Interest rate swap agreementsPrepaid expenses and other current assets— 2.2 Interest rate swap agreementsOther assets, net— 7.6  $7.3 $18.9 Liability derivativesCommodity contractsAccrued expenses$0.3 $— Interest rate swap agreementsAccrued expenses7.5 0.4  $7.8 $0.4 The fair values of the commodity contracts and interest rate swap agreements are determined using Level 2 inputs. Level 2 inputs are inputs other than quoted market prices that are observable for an asset or liability, either directly or indirectly. The fair values of the commodity contracts and interest rate swap agreements are based on an analysis comparing the contract rates to the market rates at the balance sheet date.We recognized the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Operations:Location of  Gain (Loss) Three Months EndedSeptember 30,Nine Months EndedSeptember 30, Recognized in Net Income (Loss)2025202420252024  (In millions)(In millions)Mark-to-market unrealized gain (loss)    Commodity contractsOther (income) expense, net$13.2 $6.5 $(2.1)$8.4 Interest rate swap agreementsOther (income) expense, net(0.5)(26.0)(16.9)(19.4)Total unrealized gain (loss) $12.7 $(19.5)$(19.0)$(