8 Derivatives
Group companies centrally hedge their transaction-related foreign currency risks with Schindler Holding Ltd., which aggregates exposures by currency to create natural hedging relationships. Remaining transaction risks are hedged with high-quality credit-rated financial institutions.
Derivative financial instruments are measured at fair value.
Positive replacement values are recognized as financial assets, while negative replacement values are recognized as other current liabilities. Revaluation gains and losses are recognized in financial income and expense, respectively.
| In CHF million | 2025 | 2024 | ||
|---|---|---|---|---|
| Positive replacement values - third parties | 7 | 13 | ||
| Positive replacement values - Group companies | 5 | 8 | ||
| Total derivatives recognized as current financial assets | 12 | 21 | ||
| Nominal value | 1 578 | 1 078 | ||
| Negative replacement values – third parties | 5 | 9 | ||
| Negative replacement values – Group companies | 3 | 8 | ||
| Total derivatives recognized as other current liabilities | 8 | 17 | ||
| Nominal value | 753 | 1 042 | ||