Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Derivatives and Hedging Activities (Tables)

v3.25.0.1
Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of balance sheet classification and fair values of derivative instruments
Fair Value Notional Amount
December 31 December 31
Balance sheet location 2024 2023 2024 2023
U.S. $ in thousands
Assets derivatives - Foreign exchange contracts, not designated as hedging instruments
 Other current assets $ 71  $ 164  $ 29,244  $ 82,873 
Assets derivatives - Foreign exchange contracts, designated as cash flow hedge
Other current assets
4,005  2,087  89,414  51,830 
Liability derivatives - Foreign exchange contracts, not designated as hedging instruments
 Accrued expenses and other current liabilities (21) (51) 82,818  21,168 
Liability derivatives - Foreign exchange contracts, designated as cash flow hedge
 Accrued expenses and other current liabilities (3) (657) 5,687  74,054 
$ 4,052  $ 1,543  $ 207,163  $ 229,925 
Schedule of cash flow hedging instruments location in income statement
Revenues Cost of sales Research and development, net Selling, general and administrative Financial income, net Other comprehensive income (loss), net of tax
December 31, December 31, December 31, December 31, December 31, December 31,
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
U.S. $ in thousands
Line items in which effects of hedges are recorded $ 572,458  $ 627,598  $ 315,642  $ 360,574  $ 99,142  $ 94,425  $ 243,335  $ 260,179  $ 1,676  $ 2,993  $ (952) $ 5,739 
Foreign exchange contracts designated as hedging instrument (1,292) 1,578  (111) 472  (378) 1,604  (758) 3,030  —  —  5,656  (1,797)
Foreign exchange contracts not designated as hedging instrument $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ (4,363) $ (470) $ —  $ —