v3.26.1
Derivative Instruments, Hedging Activities and Fair Value - New Enviri (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative [Line Items]  
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 LocationFair Value of Derivatives Designated as Hedging InstrumentsFair Value of Derivatives Not Designated as Hedging InstrumentsTotal Fair Value
March 31, 2026    
Asset derivatives (Level 2):
Foreign currency exchange forward contractsOther current assets$168 $5,182 $5,350 
Interest rate swapsOther current assets1,661 — 1,661 
Interest rate swapsOther assets1,162 — 1,162 
Total $2,991 $5,182 $8,173 
Liability derivatives (Level 2):
Foreign currency exchange forward contractsDerivative liabilities$495 $13,627 $14,122 
Total$495 $13,627 $14,122 
December 31, 2025    
Asset derivatives (Level 2):
Foreign currency exchange forward contractsOther current assets$36 $1,340 $1,376 
Interest rate swapsOther current assets887 — 887 
Interest rate swapsOther assets313 — $313 
Total $1,236 $1,340 $2,576 
Liability derivatives (Level 2):
Foreign currency exchange forward contractsDerivative liabilities$861 $19,978 $20,839 
Total$861 $19,978 $20,839 
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 Instruments
Gain (Loss) Recognized in
OCI on Derivatives
Loss (Gain) Reclassified from
AOCI into Income - Effective Portion or Equity
Three Months EndedThree Months Ended
March 31March 31
(In thousands)2026202520262025
Foreign currency exchange forward contracts$491 $(871)$(422)$192 
Interest rate swaps2,072 (2,784)(449)(117)
 $2,563 $(3,655)$(871)$75 

The locations and amounts of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:
Three Months Ended
March 31
20262025
(In thousands)Product RevenuesInterest ExpenseProduct RevenuesInterest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded$65,778 $(27,833)$71,444 $(26,574)
Interest rate swaps:
Gain (loss) reclassified from AOCI into income
— 449 — 117 
Foreign exchange contracts:
Gain (loss) reclassified from AOCI into income
422 — (192)— 

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
March 31
(In thousands)20262025
Foreign currency exchange forward contractsCost of services and products sold$11,486 $(15,156)
(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.
New Enviri  
Derivative [Line Items]  
Schedule of fair value of outstanding derivative contracts
The fair value of outstanding derivative contracts recorded as assets and liabilities on New Enviri's Condensed Combined Balance Sheets was as follows:
(In thousands)Balance Sheet LocationFair Value of Derivatives Designated as Hedging InstrumentsFair Value of Derivatives Not Designated as Hedging InstrumentsTotal Fair Value
March 31, 2026
Asset derivatives (Level 2):
Foreign currency exchange forward contractsOther current assets$168 $5,182 $5,350 
Interest rate swapsOther current assets1,661 — 1,661 
Interest rate swapsOther assets1,162 — 1,162 
Total$2,991 $5,182 $8,173 
Liability derivatives (Level 2):
Foreign currency exchange forward contractsDerivative liabilities$495 $13,627 $14,122 
Total$495 $13,627 $14,122 
December 31, 2025
Asset derivatives (Level 2):
Foreign currency exchange forward contractsOther current assets$36 $1,340 $1,376 
Interest rate swapsOther current assets887 — 887 
Interest rate swapsOther assets313 — 313 
Total$1,236 $1,340 $2,576 
Liability derivatives (Level 2):
Foreign currency exchange forward contractsDerivative liabilities$861 $19,978 $20,839 
Total$861 $19,978 $20,839 
Schedule of effect of derivative instruments
The effect of derivative instruments on New Enviri's Condensed Combined Statements of Comprehensive Income (Loss) was as follows:
Derivatives Designated as Hedging Instruments

Gain (Loss) Recognized in OCI on DerivativesLoss (Gain) Reclassified from AOCI into Income - Effective Portion
Three Months EndedThree Months Ended
March 31March 31
(In thousands)2026202520262025
Foreign currency exchange forward contracts$491 $(871)$(422)$192 
Interest rate swaps2,072 (2,784)(449)(117)
$2,563 $(3,655)$(871)$75 
The locations and amounts of gain (loss) recognized on New Enviri's Condensed Combined Statements of Operations was as follows:
Three Months Ended
March 31
20262025
(In thousands)Product RevenuesInterest ExpenseProduct RevenuesInterest Expense
Total amounts in the Condensed Combined Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded
$65,778 $(26,687)$71,444 $(25,486)
Interest rate swaps:
Gain (loss) reclassified from AOCI into income
— 449 — 117 
Foreign exchange contracts:
Gain (loss) reclassified from AOCI into income
422 — (192)— 
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
March 31
(In thousands)20262025
Foreign currency exchange forward contractsCost of services and products sold$11,486 $(15,156)
(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.