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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Commercial Metals Company · 10-Q · Q3 FY2026 · Period ended May 31, 2026
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As of May 31, 2026, the U.S. dollar equivalent of the Company's total gross foreign currency exchange contract commitments increased $44.4 million, or 16%, compared to August 31, 2025. This increase was primarily due to forward contracts denominated in the Euro with a Polish zloty functional currency, which increased $20.9 million as of May 31, 2026, compared to August 31, 2025, as well as forward contracts denominated in the Polish zloty with a U.S. dollar functional currency, which increased $19.0 million as of May 31, 2026, compared to August 31, 2025.
As of May 31, 2026, the Company's total commodity contract commitments increased $71.5 million, or 16%, compared to August 31, 2025, primarily due to a $93.7 million increase related to copper commodity commitments, partially offset by a $21.6 million decrease related to electricity commodity commitments.
There have been no other material changes to the information set forth in Part II, Item 7A, Quantitative and Qualitative Disclosures about Market Risk, included in our 2025 Form 10-K.