KKR & Co. Fair value hedge adjustments on discontinued hedges decreased by 5.5% to $154.60M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.0%, from $193.30M to $154.60M. Over 3 years (FY 2022 to FY 2025), Fair value hedge adjustments on discontinued hedges shows an upward trend with a 42.8% CAGR.
Changes reflect the legacy impact of past hedging decisions on current liability valuations.
Cumulative adjustments made to the carrying value of liabilities that were previously part of a fair value hedge relatio...
Specific to firms with complex debt and hedging structures; peers report this in debt or hedge accounting disclosures.
other_hedged_liability_discontinued_fair_value_hedge_cum_a80bfa| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $53.10M | $46.30M | $39.90M | $33.50M | $27.80M | $23.40M | $19.60M | $16.90M | $193.30M | $183.10M | $172.70M | $163.60M | $154.60M |
| QoQ Change | — | -12.8% | -13.8% | -16.0% | -17.0% | -15.8% | -16.2% | -13.8% | >999% | -5.3% | -5.7% | -5.3% | -5.5% |
| YoY Change | — | — | — | — | -47.6% | -49.5% | -50.9% | -49.6% | +595.3% | +682.5% | +781.1% | +868.0% | -20.0% |