Crocs(US:CROX)2026-02-12 20:03Business Segments - The company operates two reportable segments: the Crocs Brand and the HEYDUDE Brand[53]. Financial Borrowings - As of December 31, 2025, the company had borrowings with a face value of $1,262.0 million, including a mix of fixed and variable interest rates[303]. - A hypothetical 1% increase in interest rates would raise the company's interest expense by $5.6 million over the next twelve months[304]. Production Locations - Approximately 45% of Crocs Brand production was in Vietnam for the year ended December 31, 2025, with the largest manufacturer producing 45% of total production[62]. - For the HEYDUDE Brand, 44% of production was in Vietnam for the year ended December 31, 2025, a significant increase from 5% in 2023[62]. Warehousing and Distribution - The company has a total of 2.9 million square feet in company-operated warehouses and distribution facilities as of December 31, 2025[59]. Currency Exposure - An increase of 1% in the U.S. Dollar value relative to foreign currencies would have decreased revenues by $17.8 million for the year ended December 31, 2025[306]. - The company may enter into forward foreign exchange contracts to manage exposure to currency fluctuations, with a total notional value of $222.6 million as of December 31, 2025[307]. - A 10% appreciation in the U.S. Dollar would result in a net increase in the fair value of the derivative portfolio of $14.1 million[308]. Research and Development - The company continues to invest in research and development to enhance material properties and reduce environmental impact[54].