Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 82

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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, plant and equipment, net$1,427.2 $1,947.9  Capitalized interest was $2.8 and $1.9 for the three months ended October 2, 2025 and September 26, 2024, respectively, and $7.8 and $4.7 for the nine months ended October 2, 2025 and September 26, 2024, respectively. Repair and maintenance costs are expensed as incurred. The Company recognized repair and maintenance costs of $46.7 and $52.0 for the three months 

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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)

ended October 2, 2025 and September 26, 2024, respectively, and $140.4 and $149.7 for the nine months ended October 2, 2025 and September 26, 2024, respectively. The Company capitalizes certain costs, such as software coding, installation, and testing, that are incurred to purchase or to create and implement internal-use computer software. Depreciation expense related to capitalized software was $1.4 and $4.3 for the three months ended October 2, 2025 and September 26, 2024, respectively, and $4.6 and $13.3 for the nine months ended October 2, 2025 and September 26, 2024, respectively. 

The Company reviews capital and amortizing intangible assets (long-lived assets) for impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. For the period ended October 2, 2025, there were no events which would require the Company to update its impairment analysis. The Company recorded $1.4 and $6.8 of fixed asset impairment charges during the three and nine months ended October 2, 2025, respectively. The Company recorded $0.2 of fixed asset impairment charges during the three and nine months ended September 26, 2024, respectively. For additional information on intangible asset impairment charges, see Note 11 Other Assets, Goodwill, and Intangible Assets. 

10. Leases

The Company determines if an arrangement is a lease at the inception of a signed agreement. Operating leases are included in right-of-use (“ROU