Cash Flow Hedges
p. p. 199
Cash Flow Hedges On May 26, 2021, a treasury lock was settled for a gain of $19 million that is being amortized through interest expense over 10 years as the underlying hedged item settles. As of December 31, 2025, the unrealized gain in A...
AI summary A treasury lock settled on May 26, 2021, resulted in a $19 million gain, amortized over 10 years. As of December 31, 2025, $10 million in unrealized after-tax gains were recorded in AOCI, with $2 million reclassified to interest expense for 2025. The company expects $2 million in unrealized gains to be reclassified to net income in the next twelve months.