Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 259

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 259
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 amount of fair value hedging gains (losses)1Carrying amount of the hedged liabilitiesCumulative amount of fair value hedging gains (losses)Interest sensitive contract liabilitiesForeign currency interest rate swaps$4,276 $82 $3,946 $488 Interest rate swaps17,285 (51)17,873 130 1 Excludes gains (losses) related to foreign currency risk.The following is a summary of the gains (losses) related to the derivatives and related hedged items in fair value hedge relationships:Amounts excluded(In millions)DerivativesHedged itemsNetRecognized in income through amortization approachRecognized in income through changes in fair valueThree months ended September 30, 2025Investment related gains (losses)Foreign currency forwards$15 $(25)$(10)$8 $— Foreign currency swaps(9)29 20 — — Foreign currency interest rate swaps(34)13 (21)— — Interest rate swaps24 (17)7 — — Interest sensitive contract benefitsForeign currency interest rate swaps23 (23)— — — Three months ended September 30, 2024Investment related gains (losses)Foreign currency forwards$(180)$184 $4 $4 $8 Foreign currency swaps(313)282 (31)— — Foreign currency interest rate swaps255 (258)(3)— — Interest rate swaps382 (386)(4)— — Interest sensitive contract benefitsForeign currency interest rate swaps26 (25)1 — — 

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Amounts excluded(In millions)DerivativesHedged itemsNetRecognized in income through amortization approachRecognized in income through changes in fair valueNine months ended September 30, 2025Investment related gains (losses)Foreign currency forwards$(335)$307 $(28)$27 $— Foreign currency swaps(1,022)1,087 65 — — Foreign currency interest rate swaps447 (451)(4)— — Interest rate swaps218 (191)27 — — Interest sensitive contract benefitsForeign currency interest rate swaps71 (70)1 — — Nine months ended September 30,