TD SYNNEX CORP Fair Value Disclosure
| As of November 30, 2025 | As of November 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| Fair value measurement category | Fair value measurement category | ||||||||||||||||||||||||||||||||||||||||||||||
| Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||
(currency in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| Forward foreign currency exchange contracts not designated as hedges | $ | 7,386 | — | $ | 7,386 | — | $ | 11,863 | — | $ | 11,863 | — | |||||||||||||||||||||||||||||||||||
| Forward foreign currency exchange contracts designated as net investment hedges | — | — | — | — | 2,540 | — | 2,540 | — | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange collar contracts designated as net investment hedges | — | — | — | — | 1,792 | — | 1,792 | — | |||||||||||||||||||||||||||||||||||||||
Forward foreign currency exchange contracts designated as cash flow hedges(1) | 96 | — | 96 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Forward foreign currency exchange contracts not designated as hedges | $ | 7,026 | — | $ | 7,026 | — | $ | 8,096 | $ | — | $ | 8,096 | $ | — | |||||||||||||||||||||||||||||||||
| Forward foreign currency exchange contracts designated as net investment hedges | 42,285 | — | 42,285 | — | 7,980 | — | 7,980 | — | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange collar contracts designated as net investment hedges | 3,500 | — | 3,500 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Forward foreign currency exchange contracts designated as cash flow hedges(1) | 107 | — | 107 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 27, 2026 | Showing above |
| 2024 | Jan 24, 2025 | |
| 2023 | Jan 26, 2024 | |
| 2022 | Jan 24, 2023 | |
| 2021 | Jan 28, 2022 | |
| 2020 | Jan 28, 2021 | |
| 2019 | Jan 29, 2020 | |
| 2018 | Jan 28, 2019 | |
| 2017 | Jan 29, 2018 | |
| 2016 | Jan 26, 2017 | |
| 2015 | Jan 28, 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.