Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 212

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 212
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 earnings and is included in common stockholders’ equity in the accompanying consolidated balance sheets and in retained earnings in the accompanying consolidated statements of changes in equity.In connection with the two behavioral health care facilities located in Pennsylvania and Ohio, the minority ownership interests of which are reflected as redeemable noncontrolling interests on our consolidated balance sheets, the outside owners have “put options” to put their entire ownership interest to us at any time. If exercised, the put option requires us to purchase the minority member’s interest at fair market value. Accordingly, the amounts recorded as redeemable noncontrolling interests on our consolidated balance sheets reflect the estimated fair market value of these ownership interests. Accumulated Other Comprehensive Income: The accumulated other comprehensive income (“AOCI”) component of stockholders’ equity includes: net unrealized gains and losses on effective cash flow hedges, foreign currency translation adjustments and the net minimum pension liability of a non-contributory defined benefit pension plan which covers employees at one of our subsidiaries. See Note 11 - Pension Plan for additional disclosure regarding the defined benefit pension plan.The amounts recognized in AOCI for the three years ended December 31, 2024 were as follows (in thousands): 

          Net UnrealizedGains (Losses) onEffective CashFlow Hedges

          ForeignCurrencyTranslationAdjustment

          MinimumPensionLiability

          TotalAOCI

          Balance, January 1, 2022, net of income tax
           
          $
          (17
          )
           
          $
          33,524

          $
          (3,216
          )
           
          $
          30,291

          2022 activity:

          Pretax amount

          0

          (37,310
          )

          (2,869
          )

          (40,179
          )

          Income tax effect

          0

          (469
          )

          689

          220

          Change, net of income tax

          0

          (37,779
          )

          (2,180
          )

          (39,959
          )

          Balance, January 1, 2023, net of income tax
           
          $
          (17
          )
           
          $
          (4,255
          )
           
          $
          (5,396
          )
           
          $
          (9,668
          )

          2023 activity:

          Pretax amount

          0

          15,271