Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 93

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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30,2025202420252024Cash flow hedges$5,543 $(5,906)$9,277 $(1,698)

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Unaudited)(Dollar amounts in thousands except per share and share amounts)

Pretax amounts related to the Company’s cash flow hedges that were reclassified from AOCI and recognized in cost of products sold were as follows:Gain Reclassified from AOCI to IncomeThree Months Ended June 30,Six Months Ended June 30,2025202420252024Cash flow hedges$999 $506 $617 $1,168 Derivatives Not Designated as HedgesForward Foreign Exchange Contracts. Effective in the third quarter of 2024, the Company began using one-month forward contracts to manage exposure related to foreign currency denominated monetary assets and liabilities. The contracts are not designated as cash flow or fair value hedges under ASC 815, and therefore are marked-to-market with changes in fair value recorded to earnings. The principal currencies hedged by the Company are the Mexican Peso and Brazil Real. As of June 30, 2025 and December 31, 2024, the notional amount outstanding was $17,160 and $16,426, respectively.Pretax amounts related to the Company’s non-designated derivatives recognized in other (income) expense, net were as follows:Loss Recognized in IncomeThree Months Ended June 30,Six Months Ended June 30,2025202420252024Non-designated foreign currency contracts$(1,860)$— $(2,475)$— 

9. Pensions and Postretirement Benefits Other Than Pensions

The components of net periodic benefit cost (income) for the Company’s defined benefit plans and other postretirement benefit plans were as follows: Pension BenefitsThree Months Ended June 30,20252024 U.S. Non-U.S. U.S. Non-U.S.Service cost$— $621 $— $591 Interest cost128 1,214 126 1,199 Expected return on plan assets— (204)— (330)Amortization of prior service cost and actuarial loss36 1 36 53 Pension settlement charge— — 46,787 — Net periodic benefit cost$164 $1,632 $46