Matthews International Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2025

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The fair values of the Company's assets and liabilities measured on a recurring basis are categorized as follows:


	March 31, 2025								September 30, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	570	$	—	$	570	$	—	$	—	$	—	$	—
Equity and fixed income mutual funds	—		850		—		850		—		839		—		839
Life insurance policies	—		5,115		—		5,115		—		5,493		—		5,493
Total assets at fair value	$	—	$	6,535	$	—	$	6,535	$	—	$	6,332	$	—	$	6,332

Liabilities:
Derivatives (1) (2)	$	—	$	77,237	$	—	$	77,237	$	—	$	69,573	$	—	$	69,573
Total liabilities at fair value	$	—	$	77,237	$	—	$	77,237	$	—	$	69,573	$	—	$	69,573

(1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.

(2) Derivative amounts at March 31, 2025 and September 30, 2024 reflect $73,422 and $58,432 of partial advance payments received from the counterparties to certain cross-currency swaps, respectively. See Note 8, "Derivatives and Hedging Activities" for further details.