What was the accumulated other comprehensive loss for Caption By Hyatt as of December 31, 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
saction (see Note 4) and the sale of Park Hyatt Zurich (see Note 7).
- (3) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $5 million of losses, net of insignificant tax impacts, over the next 12 months.
| Balance at January 1, 2023 | Other comprehensive income (loss) before reclassification | Amounts reclassified from accumulated other comprehensive loss | Balance at December 31, 2023 |
|---|
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the accumulated other comprehensive loss as of December 31, 2023, was approximately $175 million. This figure represents the total of foreign currency translation adjustments, AFS debt securities unrealized fair value adjustments, and derivative instrument adjustments. These adjustments reflect changes in the value of assets and liabilities that are not yet realized through normal business operations but are recognized as part of the company's comprehensive income.
Specifically, the components contributing to the accumulated other comprehensive loss include a foreign currency translation adjustment of ($156) million, AFS debt securities unrealized fair value adjustments of $4 million, and derivative instrument adjustments of ($23) million. These figures indicate the impact of currency fluctuations, changes in the fair value of available-for-sale debt securities, and adjustments related to derivative instruments on Caption By Hyatt's financial position.
For a prospective Caption By Hyatt franchisee, understanding these figures is crucial as they provide insight into the financial health and stability of the parent company. While these losses do not directly impact the day-to-day operations of a franchise, they reflect the broader financial management and risk exposure of the franchisor, which can indirectly affect the support and resources available to franchisees. Monitoring these figures over time can help franchisees assess the long-term financial stability of Caption By Hyatt.