MOOG INC.MOG-A

MOOG INC. Fair Value Disclosure

10-KFiled Nov 26, 20252 min read
Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate fair value. The definition of the fair value hierarchy is as follows:
Level 1 – Quoted prices in active markets for identical assets and liabilities.
Level 2 – Observable inputs other than quoted prices in active markets for similar assets and liabilities.
Level 3 – Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require.
Our derivatives are valued using various pricing models or discounted cash flow analyses that incorporate observable market data, such as interest rate yield curves and currency rates, and are classified as Level 2 within the valuation hierarchy.
The following table presents the fair values and classification of our financial assets and liabilities measured on a recurring basis, all of which are classified as Level 2, except for the acquisition contingent consideration, which is classified as Level 3:
Balance Sheets locationSeptember 27, 2025September 28, 2024
Foreign currency contractsOther current assets$250 $648 
Foreign currency contractsOther assets39 — 
Total assets$289 $648 
Foreign currency contractsAccrued liabilities and other$1,502 $28 
Foreign currency contractsOther long-term liabilities8 — 
Acquisition contingent considerationAccrued liabilities and other473 2,839 
Total liabilities$1,983 $2,867 
The changes in financial liabilities classified as Level 3 within the fair value hierarchy are as follows:
Statements of Earnings locationSeptember 27, 2025September 28, 2024
Balance at beginning of period$2,839 $3,089 
Increase in discounted future cash flowsInterest expense— 237 
Increase (decrease) in earn out provisionsOther76 (487)
Settlements paid in cash(2,442)— 
Balance at end of period$473 $2,839 
Our only financial instrument for which the carrying value differs from its fair value is long-term debt. At September 27, 2025, the fair value of long-term debt was $932,570 compared to its carrying value of $946,000. The fair value of long-term debt is classified as Level 2 within the fair value hierarchy and was estimated based on quoted market prices.
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Historical Timeline

Fiscal YearFiled
2025Nov 26, 2025Showing above
2024Nov 27, 2024
2023Nov 14, 2023
2022Nov 14, 2022
2021Nov 15, 2021
2020Nov 17, 2020
2019Nov 12, 2019
2018Nov 13, 2018
2017Nov 14, 2017
2016Nov 14, 2016
2015Nov 16, 2015

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.

Other Available Disclosures

Income TaxesRevenueEarnings Per SharePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew StandardsPay vs PerformanceAward Timing Disclosure