Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 107

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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6 Payouts(2.3)Exchange rate(0.1)Balance, July 3, 2025$200.9 

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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)

21.  Other Income (Expense), Net

 Other income (expense), net is summarized as follows: For the Three Months EndedFor the SixMonths EndedJuly 3,2025June 27,2024July 3,2025June 27,2024Kansas Development Finance Authority bond$0.8 $0.9 $1.8 $1.8 Interest income2.8 2.3 4.5 6.6 Foreign currency (losses) gains (1)(22.8)0.8 (46.2)3.9 Gain on foreign currency forward contract — (1.3)0.9 (0.1)Loss on sale of accounts receivable(1.8)(10.9)(4.8)(21.5)Pension income2.0 3.6 3.9 7.2 Other (2)(5.3)5.0 (4.3)4.8 Total$(24.3)$0.4 $(44.2)$2.7  (1)   Foreign currency gains and losses are due to the impact of movement in foreign currency exchange rates on long-term contractual rights/obligations, as well as cash and both trade and intercompany receivables/payables that are denominated in a currency other than the entity’s functional currency.(2)During the first quarter of 2017, the Company entered into a financing transaction with Chase Community Equity, LLC (“Chase”) related to the purchase and installation of certain equipment at the Company’s facility in Wichita, Kansas. Chase made a capital contribution and the Company made a loan to Chase NMTC Spirit Investment Fund, LLC (“Investment Fund”) under a qualified New Markets Tax Credit program. The three and six months ended June 27, 2024 include a $5.7 gain related to the Company’s repurchase of Chase’s interest in the Investment Fund. Chase’s interest in the Investment Fund was included in Other current liabilities on the Company’s Condensed Consolidated Balance Sheet as of