Ranpak Holdings Corp. Fair Value Disclosure
| Fair Value Measurements | |||||||||||||||||||||||
| Carrying Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| December 31, 2025 | |||||||||||||||||||||||
| Money market fund | $ | 19.6 | $ | 19.6 | $ | — | $ | — | |||||||||||||||
| Term Facility | 405.9 | — | 406.4 | — | |||||||||||||||||||
| Cross-currency swap agreement - Fair value hedge | 6.3 | — | 6.3 | — | |||||||||||||||||||
| Cross-currency swap agreements - Net investment hedges | 24.4 | — | 24.4 | — | |||||||||||||||||||
| December 31, 2024 | |||||||||||||||||||||||
| Money market fund | $ | 40.9 | $ | 40.9 | $ | — | $ | — | |||||||||||||||
| Term Facility | 410.0 | — | 410.5 | — | |||||||||||||||||||
| Cross-currency swap agreement - Net investment hedge | 1.3 | — | 1.3 | — | |||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 4, 2021 | |
| 2019 | Mar 17, 2020 | |
| 2018 | Mar 1, 2019 | |
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.