Fair Value Measurements

Total

Level 1

Level 2

Level 3

(In thousands)

December 31, 2024

Derivative financial instruments designated as effective hedges:

Classified as assets in "Other assets, net"

$

23,367

—

$

23,367

—

Classified as liabilities in "Other liabilities, net"

90

—

90

—

Non-designated derivatives:

Classified as assets in "Other assets, net"

2,315

—

2,315

—

Classified as liabilities in "Other liabilities, net"

2,305

—

2,305

—

December 31, 2023

Derivative financial instruments designated as effective hedges:

Classified as assets in "Other assets, net"

$

35,632

—

$

35,632

—

Classified as liabilities in "Other liabilities, net"

7,936

—

7,936

—

Non-designated derivatives:

Classified as assets in "Other assets, net"

6,709

—

6,709

—

Classified as liabilities in "Other liabilities, net"

6,508

—

6,508

—