BRUKER CORP Fair Value Disclosure
21. Fair Value of Financial Instruments
The Company measures the following financial assets and liabilities at fair value on a recurring basis. The following tables set forth the Company’s financial instruments and present them within the fair value hierarchy using the lowest level of input that is significant to the fair value measurement (in millions):
December 31, 2025 |
|
Total |
|
|
Quoted Prices |
|
|
Significant |
|
|
Significant |
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Forward currency contracts |
|
|
2.8 |
|
|
|
— |
|
|
|
2.8 |
|
|
|
— |
|
Total assets recorded at fair value |
|
$ |
2.8 |
|
|
$ |
— |
|
|
$ |
2.8 |
|
|
$ |
— |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Contingent consideration (note 23) |
|
$ |
10.2 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
10.2 |
|
Hybrid instruments liabilities (note 24) |
|
|
19.6 |
|
|
|
— |
|
|
|
— |
|
|
|
19.6 |
|
(note 22) |
|
|
37.8 |
|
|
|
— |
|
|
|
37.8 |
|
|
|
— |
|
Forward currency contracts |
|
|
1.0 |
|
|
|
— |
|
|
|
1.0 |
|
|
|
— |
|
Equity interest purchase option liability (a) |
|
|
11.0 |
|
|
|
— |
|
|
|
— |
|
|
|
11.0 |
|
Total liabilities recorded at fair value |
|
$ |
79.6 |
|
|
$ |
— |
|
|
$ |
38.8 |
|
|
$ |
40.8 |
|
December 31, 2024 |
|
Total |
|
|
Quoted Prices |
|
|
Significant |
|
|
Significant |
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Time deposits and money market funds |
|
$ |
17.2 |
|
|
$ |
— |
|
|
$ |
17.2 |
|
|
$ |
— |
|
(note 22) |
|
|
21.8 |
|
|
|
— |
|
|
|
21.8 |
|
|
|
— |
|
Forward currency contracts |
|
|
6.0 |
|
|
|
— |
|
|
|
6.0 |
|
|
|
— |
|
Total assets recorded at fair value |
|
$ |
45.0 |
|
|
$ |
— |
|
|
$ |
45.0 |
|
|
$ |
— |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Contingent consideration (note 23) |
|
$ |
17.3 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17.3 |
|
Hybrid instruments liabilities (note 24) |
|
|
78.1 |
|
|
|
— |
|
|
|
— |
|
|
|
78.1 |
|
(note 22) |
|
|
17.2 |
|
|
|
— |
|
|
|
17.2 |
|
|
|
— |
|
Forward currency contracts |
|
|
0.5 |
|
|
|
— |
|
|
|
0.5 |
|
|
|
— |
|
Equity interest purchase option liability (a) |
|
|
14.9 |
|
|
|
— |
|
|
|
— |
|
|
|
14.9 |
|
Total liabilities recorded at fair value |
|
$ |
128.0 |
|
|
$ |
— |
|
|
$ |
17.7 |
|
|
$ |
110.3 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 27, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 29, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.