Krispy Kreme, Inc. Fair Value Disclosure
| December 28, 2025 | |||||
Level 2 | |||||
Assets: | |||||
Commodity derivatives | 33 | ||||
| Total Assets | $ | 33 | |||
Liabilities: | |||||
| Interest rate derivatives | $ | 8,386 | |||
| Foreign currency derivatives | $ | 12 | |||
| Total Liabilities | $ | 8,398 | |||
| December 29, 2024 | |||||
Level 2 | |||||
Assets: | |||||
| Interest rate derivatives | $ | 362 | |||
| Total Assets | $ | 362 | |||
Liabilities: | |||||
| Foreign currency derivatives | $ | 749 | |||
Commodity derivatives | 6 | ||||
| Total Liabilities | $ | 755 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Mar 2, 2023 | |
| 2022 | Mar 11, 2022 | |
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.