Derivative Instruments, Hedging Activities and Fair Value (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
September 30, 2025
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	59	$	1,699	$	1,758
Interest rate swaps	Other current assets	804		—		804
Interest rate swaps	Other assets	187		—		187
Total		$	1,050	$	1,699	$	2,749

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Derivative liabilities	$	801	$	33,072	$	33,873
Interest rate swaps	Derivative liabilities	156		—		156

Total		$	957	$	33,072	$	34,029

December 31, 2024
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	347	$	7,590	$	7,937



Interest rate swaps	Other assets	5,250		—		$	5,250
Total		$	5,597	$	7,590	$	13,187

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Derivative liabilities	$	80	$	987	$	1,067
Interest rate swaps	Derivative liabilities	217		—		217

Total		$	297	$	987	$	1,284

Schedule of effect of derivative instruments

The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows:

Derivatives Designated as Hedging



	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	September 30				September 30
(In thousands)	2025		2024		2025		2024

Foreign currency exchange forward contracts	$	97	$	(1,188)	$	503	$	541


Interest rate swaps	230		(3,284)		(119)		(866)

	$	327	$	(4,472)	$	384	$	(325)



	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Nine Months Ended				Nine Months Ended
	September 30				September 30
(In thousands)	2025		2024		2025		2024
Foreign currency exchange forward contracts	$	(2,214)	$	(938)	$	1,392	$	44
Interest rate swaps	(3,850)		1,394		(349)		(2,619)

	$	(6,064)	$	456	$	1,043	$	(2,575)

The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:



	Three Months Ended
	September 30
	2025				2024
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	68,940	$	(28,353)		$	85,495	$	(28,813)
Interest rate swaps:
Gain (loss) reclassified from AOCI into income	—		119			—		866

Foreign exchange contracts:
Gain (loss) reclassified from AOCI into income	(503)		—			(541)		—



	Nine Months Ended
	September 30
	2025				2024
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	197,397	$	(82,527)		$	291,368	$	(84,869)
Interest rate swaps:
Gain (loss) reclassified from AOCI into income	—		349			—		2,619

Foreign exchange contracts:
Gain (loss) reclassified from AOCI into income	(1,392)		—			(44)		—

Derivatives Not Designated as Hedging Instruments


	Location of Gain (Loss) Recognized in Income on Derivatives (a)	Amount of Gain (Loss) Recognized in Income on Derivatives (a)
		Three Months Ended				Nine Months Ended
		September 30				September 30
(In thousands)		2025		2024		2025		2024

Foreign currency exchange forward contracts	Cost of services and products sold	$	3,841	$	(18,569)	$	(42,296)	$	(6,344)

(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

ENVIRI Corp 10-Q