What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2026-02-26 compared with 2025-02-26 · 565 added, 908 removed, 942 unchanged (61% of the section changed)

3 unchanged sentences

Consolidated Statements of Operations

Consolidated Statements of Comprehensive Loss

Consolidated Statements of Comprehensive Income (Loss)

Consolidated Balance Sheets

3 unchanged sentences

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of CommScope Holding Company, Inc.

To the Stockholders and the Board of Directors of Vistance Networks, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of CommScope Holding Company, Inc.

(the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive loss, stockholders’ deficit and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”).

We have audited the accompanying consolidated balance sheets of Vistance Networks, Inc.

(the Company) as of December 31, 2025 and 2024, the related consolidated statements of operations, comprehensive income (loss), stockholders’ deficit and cash flows for each of the three years in the period ended December 31, 2025, and the related notes (collectively referred to as the “consolidated financial statements”).

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025, in conformity with U.S.

18 unchanged sentences

Description of the Matter

As more fully described in Note 5 to the consolidated financial statements, at December 31, 2024, the Company’s goodwill was $2,867.3 million, of which $266.1 million relates to the Access Network Solutions (ANS) reporting unit.

As more fully described in Note 5 to the consolidated financial statements, at December 31, 2025, the Company’s goodwill was $764.6 million, of which $268.7 million related to the Aurora reporting unit.

The Company’s goodwill is initially assigned to its reporting units as of the acquisition date.

Goodwill is tested for impairment at least annually at the reporting unit level.

The Company performed its annual goodwill impairment test in the fourth quarter of 2024 using both a discounted cash flow model and a guideline public company approach.

As a result of the annual goodwill impairment test, no impairment charge was measured, as the estimated fair value of the ANS reporting unit was greater than the carrying value.

Auditing management’s goodwill impairment test was complex and highly judgmental due to the significant estimation required in determining the fair value of the ANS reporting unit.

The Company performed its annual goodwill impairment test in the fourth quarter of 2025.

As a result of the annual goodwill impairment test, no impairment charge was measured, as the estimated fair value of the Aurora reporting unit was greater than the carrying value.

Auditing management’s goodwill impairment test was complex and highly judgmental due to the significant estimation required in determining the fair value of the Aurora reporting unit.

In particular, the fair value estimate was sensitive to changes in significant assumptions, such as the estimated discount rate, projected revenue growth rate and projected EBITDA margin percentage, which are affected by expectations about future market or economic conditions.

How We Addressed the Matter in Our Audit

We evaluated the Company’s assessment of the impairment of goodwill for the ANS reporting unit.

We evaluated the Company’s assessment of the impairment of goodwill for the Aurora reporting unit.

We obtained an understanding, evaluated the design and tested the operating effectiveness of controls that address the risks of material misstatement relating to the annual goodwill impairment test for this reporting unit, including controls over management’s development and review of the significant assumptions discussed above.

To test the estimated fair value of the ANS reporting unit, we performed audit procedures with the assistance of our valuation specialists that included, among others, assessing methodologies and testing the significant assumptions discussed above and the underlying data used by the Company in its analysis.

To test the estimated fair value of the Aurora reporting unit, we performed audit procedures with the assistance of our valuation specialists that included, among others, assessing methodologies and testing the significant assumptions discussed above and the underlying data used by the Company in its analysis.

We evaluated the Company’s estimated discount rate methodology and developed independent ranges of reasonable discount rates.

We compared the significant assumptions of projected revenue growth rates and projected EBITDA margin percentages used by management to current industry and economic trends, changes to the Company’s business model, customer base or product mix and other relevant factors.

We also evaluated the reasonableness of the guideline public companies used to develop the fair value estimate of the ANS reporting unit.

We also evaluated the reasonableness of the guideline public companies used to develop the fair value estimate of the Aurora reporting unit.

We assessed the historical accuracy of management’s estimates and performed sensitivity analyses of significant assumptions to evaluate the changes in the fair value of the reporting unit that would result from changes in the assumptions.

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Deferred tax assets are reduced by a valuation allowance if, based on the weight of all available evidence, in management’s judgment, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized.

Auditing management’s assessment of the realizability of deferred tax assets was complex and highly judgmental due to the significant estimation required in determining whether sufficient projected future taxable income supports the realization of the Company’s existing deferred tax assets before expiration.

Auditing management’s assessment of the realizability of deferred tax assets was complex and judgmental due to the estimation required in determining whether sufficient projected future taxable income supports the realization of the Company’s existing deferred tax assets.

How We Addressed the Matter in Our Audit

1 unchanged sentence

We obtained an understanding, evaluated the design and tested the operating effectiveness of controls that address the risks of material misstatement relating to the realizability of deferred tax assets, including controls over management’s development and review of the projected future taxable income.

To test the realizability of deferred tax assets, we performed audit procedures that included, among others, evaluating whether the sources of management’s projected future taxable income would be sufficient to utilize the deferred tax assets under the relevant tax laws.

We evaluated the significant assumptions used by the Company to develop the projected future taxable income and tested the completeness and accuracy of the underlying data.

To test the realizability of deferred tax assets, we performed audit procedures that included, among others, evaluating whether the amount and sources of management’s projected future taxable income would be sufficient to utilize the deferred tax assets under the relevant tax laws.

We evaluated the assumptions used by the Company to develop the projected future taxable income and tested the completeness and accuracy of the underlying data.

We also evaluated the related income tax disclosures included in Note 13 to the consolidated financial statements.

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Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors of CommScope Holding Company, Inc.

To the Stockholders and the Board of Directors of Vistance Networks, Inc.

Opinion on Internal Control Over Financial Reporting

We have audited CommScope Holding Company, Inc.’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria).

In our opinion, CommScope Holding Company, Inc.

We have audited Vistance Networks, Inc.’s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria).

In our opinion, Vistance Networks, Inc.

(the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive loss, stockholders’ deficit and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and our report dated February 25, 2025 expressed an unqualified opinion thereon.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2025 and 2024, the related consolidated statements of operations, comprehensive income (loss), stockholders’ deficit and cash flows for each of the three years in the period ended December 31, 2025, and the related notes and our report dated February 25, 2026 expressed an unqualified opinion thereon.

Basis for Opinion

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February 25, 2026

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Consolidated Statements of Operations

11 unchanged sentences

Operating income (loss)

Other income, net

Interest expense

Other income (expense), net

Interest income

Loss from continuing operations before income taxes

Income (loss) from continuing operations before income taxes

Income tax (expense) benefit

Loss from continuing operations

Income (loss) from continuing operations

Income (loss) from discontinued operations, net of income tax

(expense) benefit of $ 865.1 , $( 213.6 ) and $ 99.6 , respectively

Net income (loss)

Series A convertible preferred stock dividends

Net loss attributable to common stockholders

Loss from continuing operations per share

Net income (loss) attributable to common stockholders

Earnings (loss) from continuing operations per share

Earnings (loss) from discontinued operations per share

Loss per share

Loss from continuing operations per share

Earnings (loss) per share

Earnings (loss) from continuing operations per share

Earnings (loss) from discontinued operations per share

Loss per share

Earnings (loss) per share

Weighted average shares outstanding:

See notes to consolidated financial statements.

CommScope Holding Company, Inc.

Consolidated Statements of Comprehensive Loss

Vistance Networks, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(In millions)

Year Ended December 31,

Comprehensive loss:

Comprehensive income (loss):

Net income (loss)

Other comprehensive income (loss), net of tax:

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Total other comprehensive income (loss), net of tax

Total comprehensive loss

Total comprehensive income (loss)

See notes to consolidated financial statements.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Consolidated Balance Sheets

16 unchanged sentences

Accrued and other liabilities

Current portion of long-term debt

Current liabilities held for sale

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See notes to consolidated financial statements.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Consolidated Statements of Cash Flows (1)

2 unchanged sentences

Operating Activities:

Adjustments to reconcile net loss to net cash generated by operating activities:

Net income (loss)

Adjustments to reconcile net income (loss) to net cash generated by

operating activities:

Depreciation and amortization

2 unchanged sentences

Asset impairments

(Gain) loss on disposal of discontinued operations

Changes in assets and liabilities:

8 unchanged sentences

Proceeds from sale of property, plant and equipment

Net proceeds from divestitures

Acquisition of a business

16 unchanged sentences

See notes to consolidated financial statements.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Consolidated Statements of Stockholders' Deficit

18 unchanged sentences

Balance at beginning of period

Net income (loss)

Balance at end of period

9 unchanged sentences

See notes to consolidated financial statements.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements

1 unchanged sentence

BACKGROUND AND DESCRIPTION OF THE BUSINESS

CommScope Holding Company, Inc., along with its direct and indirect subsidiaries (CommScope or the Company), is a global provider of infrastructure solutions for communication, data center and entertainment networks.

Effective January 14, 2026, the Company changed its legal name from CommScope Holding Company, Inc.

to Vistance Networks, Inc.

Vistance Networks, Inc., along with its direct and indirect subsidiaries (the Company), is a global provider of infrastructure solutions for communication, data center and entertainment networks.

The Company’s solutions for wired and wireless networks enable service providers including cable, telephone and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments.

The Company’s solutions are complemented by services including technical support, systems design and integration.

CommScope is a leader in digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes.

CommScope’s global leadership position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distribution scale.

On January 31, 2025, the Company completed the previously announced sale of the Outdoor Wireless Networks (OWN) segment and the Distributed Antenna Systems (DAS) business unit of the Networking, Intelligent Cellular & Security Solutions (NICS) segment to Amphenol Corporation (Amphenol), pursuant to the Purchase Agreement dated July 18, 2024, in exchange for approximately $ 2.1 billion in cash.

In the third quarter of 2024, the Company determined the sale of the OWN segment and DAS business unit met the “held for sale” criteria and the “discontinued operations” criteria in accordance with Accounting Standards Codification (ASC) No.

360-10, Impairment and Disposal of Long–Lived Assets , and ASC No.

205-20, Presentation of Financial Statements:

Discontinued Operations, due to its relative size and strategic rationale.

For all periods presented, amounts in these consolidated financial statements have been recast to reflect the discontinuation of the OWN segment and DAS business unit in accordance with this guidance.

All discussions and results related to the NICS segment exclude the DAS business unit, since the DAS business unit was moved to held for sale in the third quarter of 2024.

The Company completed the acquisition of certain assets of Casa Systems, Inc.

and its subsidiaries (Casa) on June 7, 2024 (the Casa Transaction).

As part of the Casa Transaction, the Company acquired certain assets (the Casa Assets) and assumed certain specified liabilities (the Casa Liabilities) of Casa.

The sale was conducted pursuant to the bid procedures (the Bid Procedures) established in the chapter 11 cases of Casa Systems, Inc.

and certain affiliates in the United States (U.S.) Bankruptcy Court for the District of Delaware (the Bankruptcy Court).

Pursuant to the Bid Procedures, the Company was designated as the successful bidder following an auction held on May 29, 2024.

On June 5, 2024, the Bankruptcy Court entered an order authorizing the sale of the Casa Assets to the Company pursuant to Section 363 of the U.S.

Bankruptcy Code (subject to the terms thereof).

The sale closed on June 7, 2024 and, at such time, the Company funded the purchase price of $ 45.1 million and settled certain assumed Casa Liabilities, with cash on hand.

The Company is integrating this strategic acquisition into its Access Network Solutions (ANS) segment and expects the acquisition to strengthen its ANS segment’s position by enhancing its virtual cable modem termination systems ( CMTS) and passive optical network ( PON) product offerings, which will enable customers to migrate to distributed access architecture (DAA) solutions at their own speed, and further grow its customer base.

See Note 3 for additional discussion of the Casa Transaction.

On January 9, 2024, the Company completed the sale of its Home Networks (Home) segment and substantially all of the associated segment assets and liabilities (Home business) to Vantiva SA (Vantiva) pursuant to the Call Option Agreement entered into on October 2, 2023 and Purchase Agreement dated as of December 7, 2023.

In the fourth quarter of 2023, the Company determined the sale of the Home business met the “held for sale” criteria and the “discontinued operations” criteria in accordance with accounting guidance.

All prior period amounts in these consolidated financial statements have been recast to reflect the discontinuation of the Home business.

The Company is a leader in digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes.

The Company’s global leadership position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distribution scale.

During the years ended December 31, 2023, 2024 and 2025, the Company executed several strategic transactions that are further described in Note 3 and Note 4 of these consolidated financial statements.

These transactions included the acquisition of certain assets of Casa Systems, Inc.

(Casa), as well as multiple divestitures, including the Home business, the Outdoor Wireless Networks (OWN) segment, the Distributed Antenna Systems (DAS) business unit, the OneCell business, and the Connectivity and Cable Solutions (CCS) segment.

Several of these divestitures met the criteria for discontinued operations under Accounting Standard Codification (ASC) 205‑20, Presentation of Financial Statements—Discontinued Operations and "held for sale" classification under ASC 360-10, Impairment and Disposal of Long Lived Assets.

Detailed financial information, gain or loss recognition, held for sale measurements, and the related balance sheet, statement of operations, and statement of cash flow impacts are included within those notes.

Segment Renaming

Effective April 1, 2025, following the divestiture of the DAS business unit, the Company renamed its Networking, Intelligent Cellular & Security Solutions (NICS) segment to RUCKUS.

The name change did not impact the Company’s operating or reportable segment structure, chief operating decision maker (CODM) reporting or historical segment results.

Historical activities occurring prior to the effective date are referenced under the former NICS name.

In connection with the divestiture of the CCS segment, and effective upon the closing of that transaction on January 9, 2026, the Company renamed its Access Network Solutions (ANS) segment to Aurora Networks (Aurora).

The name change did not impact the Company’s operating or reportable segment structure, CODM reporting or historical segment results.

Historical activities occurring prior to the effective date are referenced under the former ANS name.

Operating Segment Realignments

To better align product oversight with how the business is managed:

• Effective January 1, 2025, a product line was transferred from the RUCKUS (formerly NICS) segment to the Aurora (formerly ANS) segment.

• Effective January 1, 2024, certain product lines were transferred from the CCS segment (which became a discontinued operation in the fourth quarter of 2025) to the Aurora (formerly ANS) segment.

All prior periods presented have been recast to reflect these organizational changes.

The discussions in these consolidated financial statements relate solely to the Company's continuing operations, unless otherwise noted.

As a result, the Company is reporting financial performance based on the following remaining three operating segments, which excludes the OWN segment, DAS business unit of the NICS segment and Home business:

Connectivity and Cable Solutions (CCS), NICS and ANS.

See Note 4 for further discussion of the discontinued operations related to the OWN segment, DAS business unit and Home business.

As of January 1, 2024, management shifted certain product lines from the Company’s CCS segment to its ANS segment to better align with how the businesses are managed.

All prior period amounts in these consolidated financial statements have been recast to reflect these operating segment changes.

CommScope Holding Company, Inc.

As a result, the Company is reporting financial performance based on the following remaining reportable segments:

RUCKUS and Aurora.

For further discussion of the discontinued operations related to the CCS segment, OWN segment, DAS business unit and Home business, see Note 4 in these consolidated financial statements.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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Basis of Consolidation

The accompanying consolidated financial statements include CommScope Holding Company, Inc., along with its direct and indirect subsidiaries.

The accompanying consolidated financial statements include Vistance Networks, Inc., along with its direct and indirect subsidiaries.

All intercompany accounts and transactions are eliminated in consolidation.

Certain prior year amounts have been reclassified to conform to the current year presentation.

Revision of Previously Issued Financial Statements

In 2024, the Company identified errors within the consolidated financial statements as of and for the year ended December 31, 2023 (specifically in the quarter ended December 31, 2023).

The errors related to the treatment of foreign currency translation associated with the loss on held for sale classification included in loss from discontinued operations, net of income taxes, and changes in uncertain tax positions and valuation allowances impacting other noncurrent liabilities and income tax expense.

The Company assessed the materiality of these errors and subsequent correction on its current and prior period consolidated financial statements on a qualitative and quantitative basis in accordance with SEC Staff Accounting Bulletin (“SAB”) No.

99, Materiality, and SAB No.

108 on Quantifying Financial Statement Errors, codified in Accounting Standards Codification Topic 250, Accounting Changes and Error Corrections.

Based on this assessment, although the Company concluded that the previously issued financial statements as of and for the year ended December 31, 2023, were not materially misstated, the Company corrected the immaterial errors for the previously reported year ended December 31, 2023 in this Annual Report on Form 10-K.

In connection with these adjustments, the Company also corrected certain other immaterial adjustments affecting both continuing and discontinued operations, as noted below.

Amounts adjusted to reflect the correction of these errors are labeled “As Adjusted” within this Annual Report on Form 10-K.

The impact of the revisions for the year ended December 31, 2023 are disclosed below.

The Consolidated Statements of Stockholders’ Deficit for the year ended December 31, 2023 was only impacted by the change to net income (loss) and is not included in the tables below.

The impact of the first quarter revisions on the unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2024, six months ended June 30, 2024 and nine months ended September 30, 2024 were also considered immaterial and are presented below.

There was no impact to the Condensed Consolidated Statements of Operations or Statements of Comprehensive Income (Loss) for the three months ended June 30, 2024 or September 30, 2024.

The following tables are in millions, except per share amounts.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Consolidated Statement of Operations and Comprehensive Loss

Year Ended December 31, 2023

As Recast (1)

Cost of sales

Operating loss

Loss from continuing operations before income taxes

Income tax expense

Loss from continuing operations

Loss from discontinued operations, net of income taxes

Net loss attributable to common stockholders

Total comprehensive loss

Basic and Diluted:

Loss from continuing operations per share

Loss from discontinued operations per share

Loss per share

(1) Reflects the impact of classifying the OWN segment and DAS business unit as discontinued operations.

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

Three Months Ended

March 31, 2024

Six Months Ended

June 30, 2024

Nine Months Ended

September 30, 2024

Cost of sales

Operating income (loss)

Income (loss) from continuing

operations before income taxes

Income tax expense

Income (loss) from continuing

Income (loss) from discontinued

operations, net of income taxes

Net income (loss)

Net income (loss) attributable to

common stockholders

Total comprehensive income (loss) (2)

Basic and Diluted:

Earnings (loss) from continuing

operations per share

Earnings (loss) from discontinued

operations per share

Earnings (loss) per share

(1) Reflects the impact of classifying the OWN segment and DAS business unit as discontinued operations.

(2) Reflects the changes to net income (loss) which was the only line item impacted in the Consolidated Statements of Comprehensive Income (Loss).

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Consolidated Balance Sheet

As of December 31, 2023

As Recast (1)

Accounts receivable, net of allowance for doubtful accounts

Current assets held for sale

Total current assets

Deferred income taxes

Accrued and other liabilities

Total current liabilities

Other noncurrent liabilities

Total liabilities

Accumulated deficit

Total stockholders' deficit

Total liabilities and stockholders' deficit

(1) Reflects the impact of classifying the OWN segment and DAS business unit as discontinued operations.

Condensed Consolidated Balance Sheets

As of March 31, 2024

As of June 30, 2024

As of September 30, 2024

Other noncurrent

Total liabilities

Accumulated deficit

Total stockholders'

Consolidated Statement of Cash Flows

Year Ended December 31, 2023

Operating Activities:

Adjustments to reconcile net loss to net cash generated by operating activities:

Deferred income taxes

Asset impairments

Changes in assets and liabilities:

Accounts receivable

Accounts payable and other accrued liabilities

Other noncurrent liabilities

Net cash generated by operating activities

Investing Activities:

Additions to property, plant and equipment

Net cash generated by investing activities

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Condensed Consolidated Statements of Cash Flows

Three Months Ended

March 31, 2024

Six Months Ended

June 30, 2024

Nine Months Ended

September 30, 2024

Operating Activities:

Net income (loss)

Adjustments to reconcile net

loss to net cash generated by

operating activities:

Deferred income taxes

Changes in assets and liabilities:

Accounts receivable

Accounts payable, accrued and

other liabilities

Use of Estimates in the Preparation of the Financial Statements

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Accounts are written off against the allowance account when they are determined to be no longer collectible.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The Company sells certain of its accounts receivable under customer-sponsored supplier financing agreements.

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The Company derecognizes the accounts receivable on the Consolidated Balance Sheets once sold to the bank, as it retains no interest in and has no servicing responsibilities for them once they have been sold.

The cash received from the bank is classified within the operating activities section in the Consolidated Statements of Cash Flows.

Inventories are stated at the lower of cost or net realizable value.

Inventory cost is determined on a first-in, first-out (FIFO) basis.

The cash received from the bank is classified within the operating activities section on the Consolidated Statements of Cash Flows.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (FIFO) basis.

Costs such as idle facility expense, excessive scrap and re-handling costs are expensed as incurred.

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Assets Held for Sale and Discontinued Operations

The Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has or will have a major effect on the Company’s operations and financial results when the business is sold, in accordance with the criteria of ASC Topic 205-20, Presentation of Financial Statements—Discontinued Operations , and classified as held for sale, in accordance with ASC Topic 360-10, Impairment and Disposal of Long Lived Assets .

The Company reports the results of operations of a business as discontinued operations if a disposal represents a strategic shift that has or will have a major effect on the Company’s operations and financial results when the business is sold, in accordance with the criteria of ASC Topic 205-20, Presentation of Financial Statements—Discontinued Operations (ASC 205-20), and classified as “held for sale”, in accordance with ASC Topic 360-10, Impairment and Disposal of Long Lived Assets (ASC 360-10).

For assets (disposal group) held for sale, the disposal group as a whole is measured at the lower of its carrying amount or fair value less cost to sell after adjusting the individual assets of the disposal group, if necessary.

The results of discontinued operations are reported in loss from discontinued operations, net of income taxes in the accompanying Consolidated Statements of Operations for the current and prior periods and include any gain or loss recognized on classification as held for sale, or adjustment of the carrying amount or estimated fair value less cost to sell.

The results of discontinued operations are reported in income (loss) from discontinued operations, net of income taxes in the accompanying Consolidated Statements of Operations for the current and prior periods and include any gain or loss recognized on classification as held for sale, or adjustment of the carrying amount or estimated fair value less cost to sell.

If the carrying amount of the business exceeds its estimated fair value less cost to sell, a loss is recognized.

Assets and liabilities related to a business classified as held for sale are segregated in the current and prior periods on the Consolidated Balance Sheets.

Assets and liabilities related to a business classified as held for sale that qualifies as a discontinued operation are segregated in the current and prior periods on the Consolidated Balance Sheets.

If a business is classified as held for sale after the balance sheet date but before the financial statements are issued or are available to be issued, the business continues to be classified as held and used in those financial statements when issued or when available to be issued .

Derivative Instruments and Hedging Activities

CommScope is exposed to risks resulting from adverse fluctuations in commodity prices, interest rates and foreign currency exchange rates.

CommScope’s risk management strategy includes the use of derivative financial instruments whenever management determines their use to be reasonable and practical.

The Company is exposed to risks resulting from adverse fluctuations in commodity prices and foreign currency exchange rates and, historically, interest rates.

The Company’s risk management strategy includes the use of derivative financial instruments whenever management determines their use to be reasonable and practical.

This strategy does not permit the use of derivative financial instruments for trading or speculation.

The Company periodically uses forward contracts to hedge a portion of its balance sheet foreign exchange re-measurement risk and to hedge certain planned foreign currency expenditures.

Unrealized gains and losses resulting from these contracts are recognized in other income, net and partially offset corresponding foreign exchange gains and losses on the balances and expenditures being hedged.

Unrealized gains and losses resulting from these contracts are recognized in other income (expense), net and partially offset corresponding foreign exchange gains and losses on the balances and expenditures being hedged.

These instruments are not designated as hedges for hedge accounting purposes and are marked to market each period through earnings.

The Company also utilizes a hedging strategy to mitigate the interest rate risk from its variable rate debt, associated with its borrowings or debt issued, to fix a portion of the future interest cash flows by designating qualifying receive-variable and pay-fixed interest rate swaps as a cash flow hedge for accounting and financial reporting purposes.

Hedge effectiveness is assessed each quarter, and for hedges that meet the effectiveness requirements, changes in fair value are recorded as a component of other comprehensive income (loss), net of tax, and are reclassified to interest expense as interest payments are made on the Company’s variable rate debt.

The Company has also utilized a hedging strategy to mitigate the interest rate risk from its variable rate debt, associated with its borrowings or debt issued, to fix a portion of the future interest cash flows by designating qualifying receive-variable and pay-fixed interest rate swaps as a cash flow hedge for accounting and financial reporting purposes.

Hedge effectiveness was assessed each quarter, and for hedges that meet the effectiveness requirements, changes in fair value were recorded as a component of other comprehensive income (loss), net of tax, and reclassified to interest expense as interest payments were made on the Company’s variable rate debt.

For cash flow hedges that are discontinued because the forecasted transaction is no longer probable, the related cumulative gain or loss recorded in accumulated other comprehensive income (loss) is immediately reclassified into earnings.

As a result of the sale of the CCS segment that was completed subsequent to fiscal year end on January 9, 2026, the Company repaid, on the closing date of the sale, all outstanding variable rate debt.

See Note 19 in these consolidated financial statements for further discussion of the sale of the CCS segment.

The Company determined in the fourth quarter of 2025 that the forecasted interest cash flows were no longer probable of occurring.

Accordingly, the Company discontinued cash flow hedge accounting for its interest rate swaps during the fourth quarter of 2025 and reclassified the net losses previously recorded in accumulated other comprehensive loss (AOCL), to interest expense, included in income (loss) from discontinued operations, net of income taxes on the Consolidated Statements of Operations.

After discontinuation, all subsequent changes in the fair value of the interest rate swaps will be recognized directly in earnings.

The Company has elected and documented the use of the normal purchases and sales exception for normal purchase and sales contracts that meet the definition of a derivative financial instrument.

See Note 10 for further disclosure related to the derivative instruments and hedging activities.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

2 unchanged sentences

Right of use assets related to operating type leases are reported in other noncurrent assets and the present value of remaining lease obligations is reported in accrued and other liabilities and other noncurrent liabilities on the Consolidated Balance Sheets.

For the periods presented, CommScope does not have any financing type leases.

For the periods presented, the Company does not have any financing type leases.

Operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date.

16 unchanged sentences

Assets that management intends to dispose of and that meet “held for sale” criteria are carried at the lower of the carrying value or fair value less costs to sell.

Goodwill and Other Intangible Assets

Goodwill and Definite-Lived Intangible Assets

The Company recognizes goodwill balances in conjunction with business combinations.

Goodwill is assigned to reporting units based on the difference between the purchase price as allocated to the reporting units and the estimated fair value of the identified net assets acquired as allocated to the reporting units.

Purchased intangible assets with finite lives are carried at their estimated fair values at the time of acquisition less accumulated amortization and any impairment charges.

The Company recognizes definite-lived intangible assets in connection with business combinations and separate asset purchases.

In a business combination, intangibles assets are recorded at their respective fair values.

For separate asset purchases, intangible assets are capitalized at cost.

Subsequent to their acquisition, definite-lived intangible assets are carried at fair values or cost less accumulated amortization and any impairment charges.

Amortization is recognized on a straight-line basis over the estimated useful lives of the respective assets, which approximates the pattern that the economic benefits are realized by the Company .

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Goodwill is tested for impairment annually or at other times if events have occurred or circumstances exist that indicate the carrying value of the reporting unit may exceed its fair value.

Property, plant and equipment, intangible assets with finite lives and right of use assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable, based on the undiscounted cash flows expected to be derived from the use and ultimate disposition of the assets.

Property, plant and equipment, definite-lived intangible assets and right of use assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable, based on the undiscounted cash flows expected to be derived from the use and ultimate disposition of the assets.

Assets identified as impaired are adjusted to estimated fair value.

Equity investments without readily determinable fair values are evaluated each reporting period for impairment based on a qualitative assessment and are then measured at fair value if an impairment is determined to exist.

See Notes 5 and 11 for discussion of asset impairment charges.

CommScope Holding Company, Inc.

See Note 5 for discussion of asset impairment charges.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

28 unchanged sentences

A contract liability for deferred revenue is recorded when consideration is received or is unconditionally due from a customer prior to transferring control of goods or services to the customer under the terms of a contract.

Deferred revenue balances typically result from advance payments received from customers for product contracts or from billings in excess of revenue recognized on services arrangements.

Unbilled receivables are recorded when revenues are recognized in advance of invoice issuance.

These assets are presented on a combined basis with accounts receivable and are converted to accounts receivable once the Company’s right to the consideration becomes unconditional, which varies by contract but is generally based on achieving certain acceptance milestones.

The Company recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset would be one year or less.

Deferred revenue balances typically result from advance payments received from customers from billings in excess of revenue recognized on services arrangements.

Unbilled receivables represent amounts earned for which the Company has an unconditional right to payment but has not yet invoiced the customer.

When the Company’s right to consideration is conditional on future performance or other factors beyond the passage of time, these amounts are classified as contract assets and presented separately from trade accounts receivable in other receivables in the consolidated balance sheet and are converted to accounts receivable once the Company's right to the consideration becomes unconditional, which varies by contract but is generally based on achieving certain acceptance milestones.

Shipping and Handling Costs

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Shipping and handling costs incurred after control is transferred to the customer are accounted for as fulfillment costs and are not accounted for as separate revenue obligations.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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R&D costs include materials and equipment that have no alternative future use, depreciation on equipment and facilities currently used for R&D purposes, personnel costs, contract services and reasonable allocations of indirect costs, if clearly related to an R&D activity.

Expenditures in the pre-production phase of an R&D project are recorded as R&D expense.

However, costs incurred in the pre-production phase that are associated with output actually used in production are recorded in cost of sales.

A project is considered finished with pre-production efforts when management determines that it has achieved acceptable levels of scrap and yield, which vary by project.

Expenditures related to ongoing production are recorded in cost of sales.

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Upon sale or liquidation of an investment in a foreign subsidiary, the amount of net translation gains or losses that have been accumulated in other comprehensive loss attributable to that investment are reported as a gain or loss in earnings in the period in which the sale or liquidation occurs.

Aggregate foreign currency gains and losses, such as those resulting from the settlement of receivables or payables, foreign currency contracts and short-term intercompany advances in a currency other than the subsidiary’s functional currency, are recorded currently in earnings (included in other income, net) and resulted in gains ( losses) of $ 9.5 million, $( 7.6 ) million and $( 4.0 ) mill ion during the years ended December 31, 2024, 2023 and 2022 , respectively.

Aggregate foreign currency gains and losses, such as those resulting from the settlement of receivables or payables, foreign currency contracts and short-term intercompany advances in a currency other than the subsidiary’s functional currency, are recorded currently in earnings (included in other income (expense), net) and resulted in gains ( losses) of $( 8.0 ) million, $ 6.2 million and $ 1.6 mill ion during the years ended December 31, 2025, 2024 and 2023 , respectively.

Foreign currency remeasurement gains and losses related to certain long-term intercompany loans that are not expected to be settled in the foreseeable future are recorded in accumulated other comprehensive loss.

CommScope Holding Company, Inc.

Equity-Based Compensation

The principal awards issued under the Company's equity-based compensation plans, which are described in Note 15 included in these consolidated financial statements, include restricted stock units (“RSUs”), stock options, and performance‑based awards, issued to employees and non‑employee directors under its equity incentive plans.

The Company measures stock‑based compensation cost at the grant date fair value of the award.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Equity-Based Compensation

The estimated fair value of stock awards is recognized as expense over the requisite service periods.

Forfeitures of stock awards are recognized as they occur.

Compensation expense for awards with service‑based vesting conditions is recognized on a straight‑line basis over the requisite service period.

For performance‑based awards with non‑market performance conditions, compensation expense is recognized based on the Company’s assessment of the probability of achieving the specified performance conditions and is adjusted as necessary to reflect changes in that assessment.

For performance‑based awards that include market performance conditions, compensation expense is recognized regardless of whether the market condition is satisfied, provided the requisite service is rendered.

Stock‑based compensation expense is recorded on the Consolidated Statements of Operations based on the functional classification of the related employees.

The Company records deferred tax assets related to compensation expense for awards that are expected to result in future tax deductions for the Company, based on the amount of compensation cost recognized and the Company’s statutory tax rate in the jurisdiction in which it expects to receive a deduction.

Differences between the deferred tax assets recognized for financial reporting purposes and actual tax deductions reported on the Company’s income tax return are recorded in the Consolidated Statements of Operations within income tax expense benefit.

Differences between the deferred tax assets recognized for financial reporting purposes and actual tax deductions reported on the Company’s income tax return are recorded on the Consolidated Statements of Operations within income tax expense benefit.

Deferred income taxes reflect the future tax consequences of differences between the financial reporting and tax basis of assets and liabilities.

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Earnings (Loss) Per Share

Basic earnings (loss) per share (EPS) is computed by dividing net income (loss), less any dividends related to the Series A convertible preferred stock (Convertible Preferred Stock), by the weighted average number of common shares outstanding during the period.

The numerator in diluted EPS is based on the basic EPS numerator, adjusted to add back any dividends related to the Convertible Preferred Stock, subject to antidilution requirements.

The denominator used in diluted EPS is based on the basic EPS computation plus the effect of potentially dilutive common shares related to the Convertible Preferred Stock and equity-based compensation plans, subject to antidilution requirements.

For the years ended December 31, 2024, 2023 and 2022 , 18.3 million, 17.9 million and 11.3 million shares, respectively, of outstanding equity-based compensation awards were not included in the computation of diluted EPS because either the effect was antidilutive or the performance conditions were not met.

Of those amounts, for the years ended December 31, 2024, 2023 and 2022 , 5.3 million, 1.5 million and 2.9 million shares, respectively, would have been considered dilutive if the Company had not been in a net loss attributable to common stockholders position.

Basic earnings (loss) per share (EPS) from continuing operations is computed by dividing income (loss) from continuing operations, less any dividends and deemed dividends related to the Convertible Preferred Stock, by the weighted average number of common shares outstanding during the period.

The numerator in diluted EPS from continuing operations is based on the basic EPS from continuing operations numerator, adjusted to add back any dividends and deemed dividends related to the Convertible Preferred Stock, subject to antidilution requirements.

The denominator used in diluted EPS from continuing operations is based on the basic EPS computation plus the effect of potentially dilutive common shares related to the Convertible Preferred Stock and equity-based compensation plans, subject to antidilution requirements.

For the years ended December 31, 2025, 2024 and 2023 , 6.5 million, 18.3 million and 17.9 million shares, respectively, of outstanding equity-based compensation awards were not included in the computation of diluted EPS, because the effect was antidilutive or the performance conditions were not met.

Of those amounts, for the years ended December 31, 2024 and 2023, 5.3 million and 1.5 million shares, respectively, would have been considered dilutive if the Company had not been in a net loss from continuing operations position.

For the years ended December 31, 2025, 2024 and 2023 , 45.6 million, 43.1 million and 40.8 million, respectively, of as-if converted shares related to the Convertible Preferred Stock were excluded from the diluted share count because they were anti-dilutive;

however, they may have been considered dilutive if the Company had not been in a net loss attributable to common stockholders position.

CommScope Holding Company, Inc.

however, for the years ended December 31, 2024 and 2023, they may have been considered dilutive if the Company had not been in a loss from continuing operations position.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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Year ended December 31,

Loss from continuing operations

Income (loss) from continuing operations

Income (loss) from discontinued operations, net of tax

Net income (loss)

Dividends on Series A convertible preferred stock

Net loss attributable to common stockholders

Net income (loss) attributable to common stockholders

Weighted average common shares outstanding – basic

Dilutive effect of as-if converted Series A convertible preferred stock

Dilutive effect of equity-based awards

Dilutive effect of as-if converted Series A convertible preferred stock

Weighted average common shares outstanding – diluted

Loss from continuing operations per share

Earnings (loss) from continuing operations per share

Earnings (loss) from discontinued operations per share

Loss per share

Loss from continuing operations per share

Earnings (loss) per share

Earnings (loss) from continuing operations per share

Earnings (loss) from discontinued operations per share

Loss per share

Earnings (loss) per share

Concentrations of Risk

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These financial instruments involve risk, including the credit risk of nonperformance by the counterparties to those instruments, and the actual loss may exceed the reserves provided in the Company’s Consolidated Balance Sheets.

See Note 18 for further discussion of customer-related concentrations of risk.

For further discussion of customer-related concentrations of risk, see Note 17 included in these consolidated financial statements.

The Company manages its exposures to credit risk associated with accounts receivable using tools such as credit approvals, credit limits and monitoring procedures.

CommScope estimates the allowance for doubtful accounts based on the actual payment history and individual circumstances of significant customers as well as the age of receivables.

The Company estimates the allowance for doubtful accounts based on the actual payment history and individual circumstances of significant customers as well as the age of receivables.

In management’s opinion, as of December 31, 2025, the Company did not have significant unreserved risk of credit loss due to the non-performance of customers or other counterparties related to amounts receivable.

However, an adverse change in financial condition of a significant customer or group of customers or in the telecommunications industry could materially affect the Company’s estimates related to doubtful accounts.

The principal raw materials and components purchased by CommScope (aluminum, copper, steel, bimetals, optical fiber, plastics and other polymers, capacitors, memory devices and silicon chips) are subject to changes in market price as these materials are linked to various commodity markets.

The principal raw materials and components purchased by the Company (aluminum, copper, steel, optical fiber, capacitors, memory devices and silicon chips) are subject to changes in market price as these materials are linked to various commodity markets.

The Company attempts to mitigate these risks through effective requirements planning and by working closely with its key suppliers to obtain the best possible pricing and delivery terms.

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Any disruption or termination of these arrangements could have a material adverse impact on the Company’s results of operations.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

2 unchanged sentences

Adopted in 2025

On January 1, 2024, the Company adopted Accounting Standard Update (ASU) No.

2023-07, Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures.

The new guidance improves reportable segment disclosure requirements, primarily through enhanced disclosures for significant segment expenses.

The guidance was effective retrospectively for the Company as of January 1, 2024 for the annual period.

The guidance is effective retrospectively for the Company as of January 1, 2025 for the interim periods.

As a result, the Company has enhanced its segment disclosures to include the presentation of significant cost and expenses by segment.

The adoption of this ASU only affects the Company’s disclosures, with no impacts to the financial condition and results of operations.

On January 1, 2024, the Company adopted the rollforward disclosure requirement of ASU No.

2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50):

Disclosure of Supplier Finance Program Obligations.

The new guidance improves the transparency of supplier finance programs by requiring that a buyer in a supplier finance program disclose sufficient qualitative and quantitative information about the program to allow a user of its financial statements to understand the program’s nature, activity during the period, changes from period to period and potential effect on an entity’s financial statements.

The requirement to disclose rollforward information was effective prospectively for the Company as of January 1, 2024.

The impact of adopting this new guidance was not material to the consolidated financial statements and related disclosures.

On January 1, 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.

2023-09, Income Taxes (Topic 740):

Improvements to Income Tax Disclosures .

The new guidance improves income tax disclosures by requiring additional information related to the rate reconciliation and income taxes paid, including 1) consistent categories and greater disaggregation of information in the rate reconciliation and 2) disaggregation of income taxes paid by jurisdiction.

The guidance is effective for the Company on a prospective or retroactive basis, beginning January 1, 2025 for the annual period.

As a result, the Company has enhanced its income tax disclosures to align with the new guidance on a prospective basis.

As the adoption of this ASU relates to disclosures only, there was no impact to the Company’s results of operations and financial condition.

Issued but Not Adopted

In November 2024, the Financial Accounting Standards Board (FASB) issued ASU No.

2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20):

Induced Conversions of Convertible Debt Instruments.

The new guidance improves the relevance and consistency in application of the induced conversion guidance in Subtopic 410-20.

The amendments in this update clarify the requirements for determining whether settlements of convertible debt instruments should be accounted for as an induced conversion.

The guidance also addresses the settlement of convertible debt instruments that are not currently convertible and provides additional clarifications to assist stakeholders in applying the guidance.

The guidance is effective for the Company on a prospective or retrospective basis, beginning January 1, 2026 for the interim and annual periods.

In December 2025, the FASB issued ASU No.

2025-12, Codification Improvements.

The new guidance addresses various technical corrections, clarifications, and minor improvements to the ASC.

The ASU addresses 33 issues, primarily clarifying existing guidance, correcting errors, or making minor improvements to enhance the understandability and application of the ASC.

The amendments are varied in nature and may impact the application of guidance in areas where the original guidance was unclear.

The guidance is effective for the Company beginning January 1, 2027 for the interim and annual reporting periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In December 2025, the FASB issued ASU No.

2025-11, Interim Reporting (Topic 270):

Narrow-Scope Improvements .

The new guidance aims to enhance the clarity and navigability of guidance related to interim disclosures.

This guidance clarifies when the guidance in ASC Topic 270 is applicable and specifies the disclosures required during interim reporting periods.

The amendments clarify that ASC Topic 270 applies to all entities that provide interim financial statements and notes in accordance with generally accepted accounting principles (GAAP).

The ASU provides a comprehensive list of interim disclosures required by GAAP, which is intended to improve efficiency in using the ASC.

This list clarifies existing requirements and does not aim to expand or reduce current interim disclosure obligations.

The guidance is effective for the Company beginning January 1, 2028 for the interim and annual reporting periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In December 2025, the FASB issued ASU No.

2025-10, Government Grants (Topic 832):

Accounting for Government Grants Received by Business Entities.

The new guidance establishes authoritative guidance for business entities on the recognition, measurement, and presentation of government grants defined as a transfer of a monetary asset or tangible non-monetary asset, other than an exchange transaction, from a government to a business entity.

The guidance is effective for the Company beginning January 1, 2029 for the interim and annual reporting periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In November 2025, the FASB issued ASU No.

2025-09, Derivatives and Hedging (Topic 815):

Hedge Accounting Improvements.

The new guidance clarify certain aspects of hedge accounting guidance and address incremental hedge accounting issues arising from the global reference rate reform initiative.

The ASU aims to align hedge accounting more closely with the economics of an entity’s risk management activities, enabling entities to achieve and maintain hedge accounting for highly effective economic hedges of forecasted transactions.

The guidance is effective for the Company beginning January 1, 2027 for the interim and annual reporting periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In September 2025, the FASB issued ASU No.

2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606):

Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract.

The new guidance refines the scope of Topic 815 by providing clarification regarding the contracts subject to derivative accounting.

The guidance also provides clarification under Topic 606 for share-based payments from a customer in a revenue contract.

The guidance is effective for the Company on a prospective or modified retrospective basis, beginning January 1, 2027 for the interim and annual periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In September 2025, the FASB issued ASU No.

2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40):

Targeted Improvements to the Accounting for Internal-Use Software.

The new guidance modernizes the accounting for software costs and provides the following criteria for capitalization of software costs:

(1) management has authorized and committed to funding the software project;

and (2) it is probable that the project will be completed and the software will be used to perform the function intended.

The guidance is effective for the Company on a prospective, modified prospective or retrospective basis, beginning January 1, 2028 for the interim and annual periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In July 2025, the FASB issued ASU No.

2025-05, Financial Instruments—Credit Losses (Topic 326):

Measurement of Credit Losses for Accounts Receivable and Contract Assets.

The new guidance is expected to provide decision-useful information to investors and other financial statement users while reducing the time and effort necessary to analyze and estimate credit losses for current accounts receivable and current contract assets.

The amendments in this update introduce a practical expedient when applying the guidance related to the estimation of expected credit losses for current accounts receivable and current contract assets resulting from transactions arising from contracts with customers .

The guidance is effective for the Company on a prospective basis, beginning January 1, 2026 for the interim and annual periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In November 2024, the FASB issued ASU No.

2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40):

Clarifying the Effective Date.

The new guidance improves disclosures for expenses of public entities and addresses requests from investors for more detailed information about the types of expenses in commonly presented expense captions.

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Early adoption is permitted.

As this ASU relates to disclosures only, there will be no impact to CommScope’s consolidated results of operations and financial condition.

In March 2024, the FASB issued ASU No.

2024-01, Compensation—Stock Compensation (Topic 718).

The amendments in this guidance include clarification on how entities should apply the scope guidance in Topic 718 when determining whether profits interest and similar awards should be accounted for in accordance with Topic 718.

The guidance is effective for the Company on a prospective or retrospective basis, beginning January 1, 2026 for the interim and annual periods.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial statements.

In December 2023, the Financial Accounting Standards Board issued ASU No.

2023-09, Income Taxes (Topic 740):

Improvements to Income Tax Disclosures .

The new guidance is expected to improve income tax disclosures by requiring additional

information related to the rate reconciliation and income taxes paid, including 1) consistent categories and greater disaggregation of

information in the rate reconciliation and 2) disaggregation of income taxes paid by jurisdiction.

The guidance is effective for the

Company on a prospective or retroactive basis, beginning January 1, 2025 for the annual period.

Early adoption is permitted.

The Company is currently evaluating the impact of the new guidance on the consolidated financial

CommScope Holding Company, Inc.

As this ASU relates to disclosures only, there will be no impact to the Company’s results of operations and financial condition.

On June 7, 2024, the Company acquired certain assets of Casa Systems, Inc.

and its subsidiaries (Casa) which were integrated into the Company’s Aurora (formerly ANS) segment.

Casa provides telecommunication infrastructure equipment and software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform.

The Company funded the purchase price of $ 45.1 million and settled certain assumed liabilities, with cash on hand.

In the first quarter of 2025, the Company completed its acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , and made an adjustment to decrease the fair value of accounts receivable, net by $ 1.7 million with a corresponding increase of $ 1.7 million to goodwill.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

On June 7, 2024, the Company completed the acquisition of certain assets of Casa Systems, Inc.

and its subsidiaries (Casa), which provides telecommunication infrastructure equipment and software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform.

The acquired assets included, among other things, accounts receivable, specified inventory, intellectual property and intellectual property rights, certain specified contracts, including facility leases, equipment and other personal property (collectively, the Casa Assets).

As part of the Casa Transaction, the Company assumed certain specified liabilities, including certain cure costs related to assumed contracts and liabilities under such contracts and relating to the employment of continuing employees, in each case, arising after the consummation of the acquisition (collectively, the Casa Liabilities).

The sale was conducted pursuant to the Bid Procedures established in the chapter 11 cases of Casa Systems, Inc.

and certain affiliates in the Bankruptcy Court.

Pursuant to the Bid Procedures, the Company was designated as the successful bidder following an auction held on May 29, 2024.

On June 5, 2024, the Bankruptcy Court entered an order authorizing the sale of the Casa Assets to the Company pursuant to Section 363 of the U.S.

Bankruptcy Code (subject to the terms thereof).

The sale closed on June 7, 2024 and, at such time, the Company funded the purchase price of $ 45.1 million and settled certain assumed Casa Liabilities, with cash on hand.

The Company is integrating this strategic acquisition into its ANS segment and expects the acquisition to strengthen its ANS segment’s position by enhancing its virtual CMTS and PON product offerings, which will enable customers to migrate to DAA solutions at their own speed, and further grow its customer base.

The Company recorded the purchase of the Casa Transaction using the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , and, accordingly, recognized the assets acquired and liabilities assumed at their fair values as of the date of acquisition.

As of December 31, 2024, the acquisition is substantially complete, with the exception of pending information on certain accounts receivable, of which the final determination of the fair value will be completed within the one-year measurement period.

The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed in the Casa Transaction as of the acquisition date:

Amounts Recognized as of Acquisition Date

Measurement Period Adjustments

Amounts Recognized as of Acquisition Date

(As Adjusted)

The following table represents the final determination of the fair value of identifiable assets acquired and liabilities assumed in the transaction as of the acquisition date:

Purchase price

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Fair value allocated to net assets acquired

(1) The fair value of accounts receivable, net is $ 5.2 million with a gross contractual amount of $ 12.2 million.

The Company expects $ 7.0 million to be uncollectible.

The impact of measurement period adjustments to the Consolidated Statements of Operations was immaterial for the year ended December 31, 2024.

CommScope Holding Company, Inc.

(1) The fair value of accounts receivable, net was determined to be $ 3.5 million with a gross contractual amount of $ 12.2 million and an uncollectible amount of $ 8.7 million.

The impact of measurement period adjustments to the Consolidated Statements of Operations was immaterial for the years ended December 31, 2025 and 2024.

The goodwill arising from the transaction is believed to result from the company’s reputation in the marketplace and assembled workforce and is expected to be fully deductible for income tax purposes.

On August 3, 2025, the Company entered into a Purchase Agreement with Amphenol Corporation, a Delaware corporation (Amphenol) , pursuant to which Amphenol agreed to acquire the Company’s CCS segment in exchange for $ 10.5 billion in cash, subject to certain adjustments.

The CCS segment provides wired infrastructure for data centers, enterprises and service providers on a global scale.

Following shareholder approval, which was obtained on October 16, 2025, the divestiture of the CCS segment met the “held for sale” criteria per ASC 360-10.

The Company determined, qualitatively and quantitatively, that this transaction represented a strategic shift that would have a major effect on its operations and financial results.

As such, the results of operations directly attributable to the CCS segment have been reclassified to discontinued operations per ASC 205-20 on the Consolidated Statements of Operations, retrospectively for all periods presented beginning in the fourth quarter of 2025.

In addition, all assets and liabilities have been classified as assets and liabilities held for sale on the Consolidated Balance Sheets for all periods presented.

The sale was completed subsequent to the fiscal year end on January 9, 2026.

In connection with the transaction and as required by the Purchase Agreement, the Company repaid and issued notices of full redemption of its existing indebtedness, as well as redeemed its Convertible Preferred Stock, subsequent to fiscal year end on the closing date.

For further discussion of the sale of the CCS segment, see Note 19 in these consolidated financial statements.

OWN Segment and DAS business unit:

On January 31, 2025, the Company completed the previously announced sale of the OWN segment and the DAS business unit of the NICS segment to Amphenol, pursuant to the Purchase Agreement dated July 18, 2024, in exchange for net cash consideration of $ 2.0 billion.

The proceeds are net of $ 9.1 million of transaction expenses and $ 83.2 million of cash included in the assets sold.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The goodwill arising from the Casa Transaction is believed to result from the company’s reputation in the marketplace and assembled workforce and is expected to be fully deductible for income tax purposes.

Various valuation techniques which use significant unobservable inputs, or Level 3 inputs as defined by the fair value hierarchy, were used to estimate the fair value of the assets acquired and the liabilities assumed.

Using these valuation approaches requires the Company to make certain estimates and assumptions.

The table below summarizes the preliminary valuations of the intangible assets acquired that were determined by management to meet the criteria for recognition apart from goodwill and determined to have finite lives.

Estimated Fair Value

Weighted Average Estimated Useful Life

Customer relationships

Existing technology

Total amortizable intangible assets

The Company recorded $ 18.6 million of net sales included in the Consolidated Statements of Operations related to the Casa business for the year ended December 31, 2024.

The Company recognized $ 1.4 million of transaction and integration-related costs related to the Casa Transaction for the year ended December 31, 2024, and these costs were recognized in selling, general and administrative expense in the Consolidated Statements of Operations.

DISCONTINUED OPERATIONS

The OWN segment and DAS business unit qualified as “held for sale” per ASC 360-10 in the third quarter of 2024 and were classified as a discontinued operation per ASC 205-20, as the Company determined, qualitatively and quantitatively, that this transaction represents a strategic shift that has or will have a major effect on the Company’s operations and financial results.

As such, activity directly attributable to the OWN segment and DAS business unit has been removed from continuing operations and presented in income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations for all periods presented.

In addition, all assets and liabilities of the OWN segment and DAS business unit were classified as assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2024 and 2023.

On January 9, 2024, the Company completed the sale of the Home business to Vantiva pursuant to the Call Option Agreement entered into on October 2, 2023 and the Purchase Agreement dated as of December 7, 2023, in exchange for (i) 134,704,669 shares of Vantiva common stock representing a 24.73 % equity stake in Vantiva (determined on a fully diluted basis), (ii) $ 250,465 in cash (in addition to cash paid in exchange for the cash on the Home business companies’ balance sheets) and (iii) an earn-out of up to $ 100 million in the aggregate.

The OWN segment and DAS business unit met the “held for sale” criteria per ASC 360-10 in the third quarter of 2024, and the Company determined, qualitatively and quantitatively, that this transaction represented a strategic shift that would have a major effect on the Company’s operations and financial results.

As such, the results of operations directly attributable to the OWN segment and DAS business unit have been reclassified to discontinued operations per ASC 205-20 on the Consolidated Statements of Operations, retrospectively for all periods presented beginning in the third quarter of 2024.

In addition, all assets and liabilities of the OWN segment and DAS business unit were classified as assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2024.

Upon the closing of the transaction on January 31, 2025, the Company recognized a gain of $ 498.2 million on the disposal of the OWN segment and DAS business unit, which is included in income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations for the year ended December 31, 2025.

In connection with the transaction, the Company entered into several contractual arrangements with Amphenol, including a Transition Service Agreement (Amphenol TSA) (as described below under “Transition Service Agreements”), Manufacturing Supply Agreement (Amphenol MSA), Sales and Supply Agreement and a Master Professional Services Agreement.

Under the Amphenol MSA, the Company continues to manufacture and supply certain products to the divested business.

Under the terms of the Amphenol MSA, the Company was obligated to provide manufacturing services for a period of up to twelve months following the closing date of the transaction, unless earlier terminated by the parties.

The agreement was entered into to facilitate the operational transition and ensure continuity of supply for Amphenol’s customers.

Pursuant to the Amphenol MSA, the Company acquired components directly from Amphenol and was also responsible for procuring certain components from suppliers for the manufacturing of finished goods at the direction of Amphenol.

As the Company does not obtain control of these components before they were transferred to Amphenol, the Company accounts for revenue associated with such components on a net basis.

For the year ended December 31, 2025 , the Company recognized net revenues of $ 5.4 million under the Amphenol MSA presented within income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations.

The Sales and Supply Agreement and Master Professional Services Agreement, enable the companies to act as both a buyer and seller of each other’s products and services in instances where those offerings might be integral to the Company’s remaining operations.

The Sales and Supply Agreement is effective for a term of thirty-six months and the Master Professional Services Agreement term is indefinite, unless either of the agreements are terminated early.

The Company has evaluated these arrangements and concluded that while they represent ongoing business activity, they do not constitute a continuation of the disposed business.

Accordingly, revenues and expenses generated from these agreements are presented within income (loss) from continuing operations on the Consolidated Statements of Operations.

Home Networks business:

In January 2024, the Company completed the sale of the Home business to Vantiva SA (Vantiva) pursuant to the Call Option Agreement entered into on October 2, 2023 and the Purchase Agreement dated as of December 7, 2023, in exchange for (i) 134,704,669 shares of Vantiva common stock representing a 24.73 % equity stake in Vantiva (determined on a fully diluted basis), (ii) $ 250,465 in cash (in addition to cash paid in exchange for the cash on the Home business companies’ balance sheets) and (iii) an earn-out of up to $ 100 million in the aggregate.

The earn-out payments are contingent upon Vantiva achieving adjusted EBITDA equal to or greater than € 400 million for one or more of Vantiva’s first five fiscal years following the closing of the transaction.

The earn-out payment with respect to any fiscal year will be subject to an additional annual cap, the amount of which will depend on certain elections made by the Company following Vantiva reaching the € 400 million adjusted EBITDA threshold for the first time, and on Vantiva’s maintenance of certain liquidity levels (after giving effect to such payment).

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The Home business qualified as “held for sale” per ASC 360-10 in the fourth quarter of 2023 and was classified as a discontinued operation per ASC 205-20, as the Company determined, qualitatively and quantitatively, that this transaction represents a strategic shift that has or will have a major effect on the Company’s operations and financial results.

The Home business qualified as “held for sale” per ASC 360-10 in the fourth quarter of 2023 and was classified as a discontinued operation per ASC 205-20, as the Company determined, qualitatively and quantitatively, that this transaction represented a strategic shift that would have a major effect on the Company’s operations and financial results.

As such, activity directly attributable to the Home business has been removed from continuing operations and presented in income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations for all periods presented.

In addition, all assets and liabilities of the Home business were classified as assets and liabilities held for sale on the Consolidated Balance Sheet as of December 31, 2023.

In connection with the “held for sale” classification, the Company recognized a loss on classification as held for sale of $ 203.4 million in the fourth quarter of 2023.

In addition, all assets and liabilities of the Home business were classified as assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2023.

In connection with the “held for sale” classification, the Company recognized a loss on classification as held for sale of $ 203.4 million, based on Level 3 valuation inputs, in the fourth quarter of 2023.

Upon the closing of the transaction on January 9, 2024, the Company recognized an additional loss of $ 56.4 million on the disposal of the Home business for the year ended December 31, 2024.

The Company also recorded a loss on impairment of $ 19.2 million, based on Level 3 valuation inputs which included contractual payment amounts and market comparable information, related to Home business patents.

These losses were recorded in income (loss) from discontinued operations, net of income taxes on the Consolidated Statements of Operations.

During the third quarter of 2023, a partial impairment of $ 469.2 million was recorded related to the Home segment’s intangible assets.

The Company estimated the fair value of the asset group using Company-specific inputs, including estimates of consideration to be received upon the impending divestiture, as well as other market participant assumptions.

The determination of the impairment charge was based on Level 3 valuation inputs.

The loss was recorded in income (loss) from discontinued operations, net of income taxes on the Consolidated Statements of Operations.

In conjunction with the closing of the Home business transaction, the Company entered into a transition service agreement with Vantiva (Vantiva TSA), whereby the Company provides and receives certain post-closing support on a transitional basis which is included in continuing operations in transition service agreement income.

The terms of the Vantiva TSA vary based on the services provided thereunder, with the longest such term having a duration of sixteen months.

The Vantiva TSA provides options to extend services for up to two renewal terms of three months each.

Following the closing of the transaction, the Company also entered into a Supply Agreement with Vantiva (Vantiva Supply Agreement), whereby the Company sells certain retained inventory at cost, or market price if below cost, for a period of two years.

The Company’s investment in Vantiva is accounted for using the equity method of accounting, and the carrying value of the investment is included in other noncurrent assets in the Consolidated Balance Sheets.

The Company recognized a loss on its investment of $ 17.0 million in the second quarter of 2024, as a result of recording its proportionate share of loss on its equity investment, which is recorded on a one-quarter lag basis in discontinued operations in the Consolidated Statements of Operations beginning in the second quarter of 2024.

The investment in the ordinary shares is subject to a lock-up period, until the earlier of eighteen months, or the occurrence of a change of control or the entry into an agreement that would result in a change of control, following closing.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Following the closing of the transaction, the Company entered into a Transition Service Agreement (Vantiva TSA), whereby the Company provided and received certain post-closing support on a transitional basis (as described below under “Transition Service Agreements”), and a Supply Agreement with Vantiva (Vantiva Supply Agreement), whereby the Company sold certain retained inventory at cost, or market price if below cost, for a period of two years.

The Company’s investment in Vantiva is accounted for using the equity method of accounting, and the carrying value of the investment is included in other noncurrent assets on the Consolidated Balance Sheets.

The Company recognized a loss on its investment of $ 17.0 million during the year ended December 31, 2024, as a result of recording its proportionate share of loss on its equity investment, which is recorded on a one-quarter lag basis in income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations beginning in the second quarter of 2024.

The following table presents the summarized components of income (loss) from discontinued operations, net of income taxes, for the years ended December 31, 2025, 2024 and 2023, for each discontinued operation:

Cost of sales (1)

Gross profit (loss)

Operating expenses:

4 unchanged sentences

intangible assets

Restructuring costs (credits), net

Restructuring costs

(credits), net

Asset impairments (2)

1 unchanged sentence

Operating income (loss)

Other income (expense), net (2)

Income (loss) from operations of

discontinued businesses before

Loss on disposal of discontinued

operations before income taxes

Interest expense (3)

Other income (expense),

Income (loss) from

operations of discontinued

businesses before income

Gain (loss) on disposal of

discontinued operations

before income taxes

Income tax (expense) benefit

Income (loss) from discontinued

operations, net of income taxes

Income (loss) from

discontinued operations,

net of income taxes

(1) Cost of sales includes a charge of $ 19.5 million for excess and obsolete inventory related to the Home business during the year ended December 31, 2024 .

(2) Asset impairments reflect a partial goodwill impairment charge of $ 99.1 million recorded in the year ended December 31, 2023 for the Building Data Center Connectivity ( BDCC) reporting unit of the CCS segment.

In addition, asset impairments include a loss on impairment of $ 19.2 million related to Home business patents for the year ended December 31, 2024.

For the year ended December 31, 2023, a sset impairments reflect the loss of $ 203.4 million on classification as held for sale related to the Home business and a partial impairment of $ 469.2 million related to the Home segment’s intangible assets.

The fair value measurements were determined using Level 1 and/or Level 3 valuation inputs.

(3) In connection with the sale of the CCS segment that was completed subsequent to the fiscal year end on January 9, 2026, the terms of the Purchase Agreement with Amphenol required that the CCS segment be transferred on a debt‑free basis, and therefore, the Company repaid its third‑party borrowings at closing using a portion of the proceeds from the sale of the CCS segment.

Accordingly, all third-party debt obligations remained classified as long-term debt on the Consolidated Balance Sheets as of December 31, 2025 and 2024.

However, in accordance with accounting guidance, interest expense on debt that is required to be repaid as a direct result of a disposal transaction that qualifies as a discontinued operation is reported within discontinued operations.

Because the closing of the divestiture required repayment of all outstanding third‑party debt due to the contractual requirement to deliver the business debt‑free, all interest expense has been presented within discontinued operations for all years presented.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

(4) Other income (expense), net includes a loss on equity investment of $ 17.0 million related to the Home business for the year ended December 31, 2024 .

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Operating income (loss)

Interest expense

Other expense, net (3)

Income (loss) from operations of discontinued businesses before income taxes

Loss on disposal of discontinued operations before income taxes

Gain (loss) on disposal of discontinued operations before income taxes

Income tax (expense) benefit

Income (loss) from discontinued operations, net of income taxes

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

(1) Cost of sales includes a charge of $ 19.5 million for excess and obsolete inventory related to the Home business during the year ended December 31, 2024 .

(2) Asset impairments include a loss on impairment of $ 19.2 million related to Home business patents for the year ended December 31, 2024.

For the year ended December 31, 2023, asset impairments reflect a partial goodwill impairment charge of $ 99.1 million recorded for the BDCC reporting unit of the CCS segment, a loss of $ 203.4 million on classification as held for sale related to the Home business and a partial impairment of $ 469.2 million related to the Home segment’s intangible assets.

The fair value measurements were determined using Level 1 and/or Level 3 valuation inputs.

(3) Other expense, net includes a loss on equity investment of $ 17.0 million related to the Home business for the year ended December 31, 2024 .

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The following table presents balance sheet information for assets and liabilities held for sale related to the discontinued operations:

4 unchanged sentences

Inventories, net

Prepaid expenses and other

Prepaid expenses and other current assets

Property, plant, and equipment, net

Other intangible assets, net

Total current assets

Loss on classification of held for sale

Deferred income taxes

Total current assets held for sale

1 unchanged sentence

Other intangible assets, net

Deferred income taxes

Other noncurrent assets

3 unchanged sentences

Accrued and other liabilities

Deferred income taxes

Total current liabilities held for sale

3 unchanged sentences

Total liabilities held for sale

The following table presents the details of the loss on disposal of Home business:

The following table presents the details of the gain (loss) on disposal of the OWN segment and DAS business unit, collectively, and the Home business:

January 31, 2025

Consideration received (net of cash acquired):

January 9, 2024

Cash consideration received (net of cash acquired)

Transaction expense

Fair value of shares issued to seller

1 unchanged sentence

Carrying value of net assets sold

Loss on disposal of Home business before income taxes

and reclassification of foreign currency translation

Gain (loss) on disposal before income taxes and reclassification of

foreign currency translation

Reclassification of foreign currency translation

Loss on disposal of Home business before income taxes

Gain (loss) on disposal before income taxes

Income tax expense

Loss on disposal of Home business, net of income taxes

CommScope Holding Company, Inc.

Gain (loss) on disposal, net of income taxes

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The cash flows related to discontinued operations have not been segregated in the Consolidated Statements of Cash Flows, and accordingly, they include the results from continuing and discontinued operations.

For the year ended December 31, 2024, the Company’s cash inflows related to the Vantiva TSA and inventory sales resulting from the Home business transaction, as described above, were $ 22.6 million and $ 46.3 million, respectively .

The following table summarizes significant non-cash operating items of the discontinued operations included in the Consolidated Statements of Cash Flows:

The cash flows related to discontinued operations have not been segregated on the Consolidated Statements of Cash Flows, and accordingly, they include the results from continuing and discontinued operations.

The following table summarizes the Company’s cash inflows related to the ongoing activities of the discontinued operations, including the Vantiva and Amphenol TSAs, as described below, and inventory sales resulting from the Vantiva Supply Agreement and Amphenol MSA, as described above:

Year Ended December 31,

Loss on disposal of Home business

Depreciation and amortization

Asset impairments (1)

Vantiva TSA fees

Vantiva Supply Agreement and other inventory sales

Amphenol TSA fees

Amphenol MSA inventory sales

The following table summarizes significant non-cash operating items and certain other items of the discontinued operations included on the Consolidated Statements of Cash Flows:

Year Ended December 31,

(Gain) loss on disposal of discontinued operations

Loss on equity investment

Asset impairments (1)

Equity-based compensation

Capital expenditures

(1) Includes loss of $ 203.4 million on classification as held for sale related to the Home business f or the year ended December 31, 2023 and $ 469.2 million on partial impairment recorded during the third quarter of 2024 related to the Home segment’s intangible assets.

Depreciation and amortization

Additions to property, plant and equipment

(1) For the year ended December 31, 2023, asset impairments include a loss of $ 203.4 million on classification as held for sale related to the Home business , $ 469.2 million of partial impairment charge related to the Home segment’s intangible assets and $ 99.1 million of partial goodwill impairment charge related to the BDCC reporting unit of the CCS segment.

Other Business Dispositions

On May 1 2025, the Company completed the sale of its OneCell business to Amphenol, pursuant to a Purchase Agreement dated April 30, 2025.

OneCell is an advanced in-building small cell solution designed to deliver seamless LTE and 5G connectivity across enterprise environments.

The transaction involved the sale of certain assets and transfer of certain operations that were previously included within the RUCKUS segment.

The disposal did not meet the criteria for classification as a discontinued operation under ASC 205-20 as it does not represent a strategic shift that has or will have a major effect on the Company’s operations and financial results.

The Company received cash consideration of $ 7.4 million, net of $ 1.2 million of cash included in the assets sold.

The carrying amount of the net assets disposed was $ 10.0 million.

A pretax loss on sale of $ 4.8 million was recognized and included in other on the Consolidated Statements of Operations for the year ended December 31, 2025.

Transition Service Agreements

In conjunction with the closing of the sales of the OWN segment and DAS business unit and the OneCell business, the Company entered into the Amphenol TSA.

The terms of the Amphenol TSA vary based on the services provided thereunder, with the longest such term having a duration of twelve months, excluding certain services related to manufacturing facilities.

The Amphenol TSA provides options to extend services for up to two renewal terms of three months each.

For the year ended December 31, 2025 , the Company recognized income of $ 33.4 million under the Amphenol TSA, which is included in transition service agreement income within income (loss) from continuing operations on the Consolidated Statements of Operations.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In conjunction with the closing of the Home business transaction, the Company entered into the Vantiva TSA.

The terms of the Vantiva TSA varied based on the services provided thereunder, with the longest such term having a duration of thirty-six months.

The Vantiva TSA provided options to extend services for up to two renewal terms of six months each.

Under the Vantiva TSA, the Company recognized income of $ 2.1 million and $ 24.5 million for the years ended December 31, 2025 and 2024, respectively, which is included in transition service agreement income within income (loss) from continuing operations on the Consolidated Statements of Operations.

As of the year ended December 31, 2024, the majority of the Vantiva TSA services had ceased.

GOODWILL AND OTHER INTANGIBLE ASSETS

12 unchanged sentences

Total intangible assets

(1) During the year ended December 31, 2025, the Company wrote off approximately $ 32.0 million of gross cost and accumulated amortization related to fully amortized other intangibles.

The adjustment did not have an impact on the net balances previously reported during any of the interim periods during 2025, nor any prior fiscal periods.

There were no impairments of finite-lived intangible assets identified during the years ended December 31, 2025, 2024 or 2023.

1 unchanged sentence

Future amortization expense as of December 31, 2025 is as follows:

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The following table presents the activity in goodwill by reportable segment.

9 unchanged sentences

Accumulated Impairment Losses

Goodwill at December 31, 2022 reflects the reorganization of the Company’s segment structure, as disclosed in Note 1.

As a result of the new segment structure and certain other intrasegment realignments, as of January 1, 2024, the Company assessed goodwill for impairment due to changes in the composition of certain reporting units.

The Company performed impairment testing immediately before the change and after the change once goodwill was reallocated and determined that no goodwill impairment existed.

Additional goodwill of $ 5.2 million resulting from the Casa acquisition is included in the other activity above related to the ANS segment as of December 31, 2024.

During the third quarter of 2024, the Company completed an impairment analysis for goodwill recorded within the NICS reporting unit, which is impacted by the divestiture of the DAS business.

The quantitative assessment was used, and the Company determined that the fair value of the impacted reporting unit exceeded the carrying value and that no impairment existed immediately prior to or subsequent to allocating goodwill to the disposal group that includes the DAS business.

The Company allocated $ 113.5 million of goodwill to the disposal group based on the relative fair value of the DAS business as compared to the NICS reporting unit, along with $ 504.3 million of goodwill that was entirely attributable to its OWN reporting unit.

Total goodwill for the disposal group of $ 617.8 million has been classified as held for sale as of December 31, 2024.

During the annual impairment test performed in the fourth quarter of 2024, no goodwill impairments were identified.

During the annual impairment test performed in the fourth quarter of 2023 and in conjunction with the development of the Company’s 2024 and long-range plans, the Company determined the goodwill balances in the ANS and BDCC reporting units were impaired and recorded partial impairment charges of $ 46.4 million and $ 99.1 million, respectively, in asset impairments in the Consolidated Statements of Operations.

The impairment charges resulted from the Company’s assessment of further lower revenue growth and EBITDA margins in the fourth quarter of 2023, due to adverse impacts of market conditions on the current year profitability and estimated future business results and cash flows.

The ANS reporting unit is the same as the ANS segment, and the BDCC reporting unit is part of the CCS reportable segment.

During the third quarter of 2023, the Company concluded that a triggering event occurred, primarily due to a sustained decrease in the market value of the Company’s debt and common stock affecting the overall business and changes in expected future cash flows due to reduced earnings forecasts and current macroeconomic conditions, including a rising interest rate environment.

As a result, the Company performed an interim quantitative goodwill impairment test for its ANS and BDCC reporting units and recorded a goodwill impairment charge of $ 425.9 million in asset impairments in the Consolidated Statements of Operations to partially write down the carrying amount of the goodwill in the ANS reporting unit.

There was no impairment identified in the BDCC reporting unit within the CCS reportable segment.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

During the annual impairment test performed in the fourth quarter of 2022 and in conjunction with the development of its 2023 and long-range plans, the Company identified changes in the ANS reporting unit’s expected future cash flows due to various market trends expected to affect the business, including technology shifts affecting hardware sales, trends affecting bandwidth growth and other operational challenges, as well as an increase in the cost of capital.

As a result, the Company determined the goodwill balance in the ANS reporting unit was impaired and recorded a $ 1,119.6 million impairment charge.

During the years ended December 31, 2025 and 2024, the Company recorded an additional $ 1.7 million and $ 5.2 million, respectively, of goodwill in the Aurora (formerly ANS) segment related to the Casa acquisition.

Interim and Annual Goodwill Impairment Testing

Estimating the fair value of a reporting unit involves uncertainties because it requires management to develop numerous assumptions, including assumptions about the future growth and potential volatility in revenues and costs, capital expenditures, industry economic factors and future business strategy.

Changes in projected revenue growth rates, projected EBITDA margin percentages or estimated discount rates due to uncertain market conditions, terminal growth rates, lower market multiples, loss of one or more key customers, changes in the Company’s strategy, changes in technology or other factors could negatively affect the fair value in one or more of the Company’s reporting units and result in a material impairment charge in the future.

See Note 11 for further discussion of the assumptions used in the valuations.

During the annual impairment test performed in the fourth quarter of 2025, no goodwill impairments were identified.

During the third quarter of 2024, the Company completed an impairment analysis for goodwill recorded within the RUCKUS (formerly NICS) reporting unit, which was impacted by the divestiture of the DAS business unit.

The Company allocated $ 113.5 million of goodwill to the disposal group based on the relative fair value of the DAS business unit as compared to the RUCKUS reporting unit, along with $ 504.3 million of goodwill that was entirely attributable to its OWN reporting unit.

Total goodwill for the disposal group of $ 617.8 million was classified as held for sale as of December 31, 2024.

The fair values of the DAS business unit and the RUCKUS reporting unit were determined using Level 3 valuation inputs.

During the annual impairment test performed in the fourth quarter of 2024, no goodwill impairments were identified.

As a result, the Company performed an interim quantitative goodwill impairment test for its Aurora (formerly ANS) reporting unit and recorded a goodwill impairment charge of $ 425.9 million in asset impairments on the Consolidated Statements of Operations to partially write down the carrying amount of the goodwill in the Aurora reporting unit.

The Aurora reporting unit is the same as the Aurora segment.

The fair value of the reporting unit was determined using Level 3 valuation inputs.

During the annual impairment test performed in the fourth quarter of 2023 and in conjunction with the development of the Company’s 2024 and long-range plans, the Company determined the goodwill balance in the Aurora reporting unit was impaired and recorded a partial impairment charge of $ 46.4 million in asset impairments on the Consolidated Statements of Operations.

The impairment charge resulted from the Company’s assessment of further lower revenue growth and EBITDA margins in the fourth quarter of 2023, due to adverse impacts of market conditions on the current year profitability and estimated future business results and cash flows.

The fair value of the reporting unit was determined using Level 3 valuation inputs.

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Net Sales

See Note 18 for the presentation of net sales by segment and geographic region.

For the presentation of net sales by segment and geographic region, see Note 17 included in these consolidated financial statements.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Allowance for Doubtful Accounts

1 unchanged sentence

Allowance for doubtful accounts, beginning of period

Provision (benefit)

Foreign exchange and other

5 unchanged sentences

Unbilled accounts receivable

Accounts receivable, net of allowance for doubtful accounts

Accounts receivable, net of allowance

for doubtful accounts

Deferred revenue – current

11 unchanged sentences

Operating lease expense included period cost for short-term, cancellable and variable leases that were not included in lease liabilities of $ 4.6 million, $ 9.4 million and $ 16.7 million for the years ended December 31, 2025, 2024 and 2023, respectively.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The Company occasionally subleases all or a portion of certain unutilized real estate facilities.

4 unchanged sentences

Right of use asset additions in exchange for lease liabilities

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Supplemental balance sheet information related to operating leases:

13 unchanged sentences

imputed interest

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Accounts Receivable

Accounts receivable - trade

Accounts receivable - other

Allowance for doubtful accounts

Total accounts receivable, net

Raw materials

9 unchanged sentences

Total property, plant and equipment, net

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

During the year ended December 31, 2025, the Company wrote off approximately $ 25.4 million of gross cost and accumulated depreciation related to fully depreciated property, plant and equipment.

Depreciation expense was $ 21.2 million, $ 31.5 million and $ 46.4 million during the years ended December 31, 2025, 2024 and 2023 , respectively.

2 unchanged sentences

Compensation and employee benefit liabilities

Accrued interest

Deferred revenue

Accrued interest

Operating lease liabilities

1 unchanged sentence

Total accrued and other liabilities

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Accumulated Other Comprehensive Loss

The following table presents changes in accumulated other comprehensive loss (AOCL), net of tax:

Accumulated Other Comprehensive Loss (AOCL)

The following table presents changes in AOCL, net of tax:

Year Ended December 31,

7 unchanged sentences

Other comprehensive loss

Amounts reclassified from AOCL

Balance at end of period

2 unchanged sentences

Other comprehensive loss

Amounts reclassified from AOCL

Balance at end of period

Net AOCL at end of period

Amounts reclassified from net AOCL related to foreign currency translation and defined benefit plans are recorded in other income, net in the Consolidated Statements of Operations.

During the year ended December 31, 2025 , $ 2.2 million of foreign currency translation related to the divestiture of the OneCell business was reclassified from net AOCL and recorded in other on the Consolidated Statements of Operations.

During the year ended December 31 , 2025 and 2024, $ 97.9 million and $ 27.4 million, respectively, of foreign currency translation related to the divestitures of the Company’s discontinued operations were reclassified from net AOCL and recorded in the gain (loss) on disposal of discontinued operations before income taxes, included in income (loss) from discontinued operations, net of income taxes, on the Consolidated Statements of Operations.

In addition, $ 2.3 million of net losses remaining as a component of net AOCL related to the discontinued interest rate hedging instruments, was reclassified from net AOCL and recorded in interest expense, included in income (loss) from discontinued operations, net of income taxes on the Consolidated Statements of Operations.

For further discussions of the Company’s divestitures, see Note 4 included in these consolidated financial statements.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Cash Flow Information

7 unchanged sentences

8.25 % senior notes due March 2027

6.00 % senior notes due June 2025

9.50 % senior secured notes due December 2031

2 unchanged sentences

Senior secured term loan due December 2029

Senior secured term loan due April 2026

Senior secured revolving credit facility

4 unchanged sentences

Total long-term debt

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

On December 17, 2024, the Company completed certain refinancing transactions (the Transactions), including (i) the issuance and sale of $ 1,000.0 million in aggregate principal amount of 9.500 % senior secured notes due 2031 (the 2031 Secured Notes) , (ii) entry into the senior secured term loan facility due December 2029 (the 2029 Term Loan) with an initial aggregate principal amount of $ 3,150.0 million and (iii) the effectiveness of ABL Amendment No.

3 (as defined below).

The Company used the net proceeds from the Transactions, together with cash on hand and borrowings under the asset-based revolving credit facility (the Revolving Credit Facility) , to (i) refinance in full the Company’s existing senior secured term loan facility due April 2026 (the 2026 Term Loan), (ii) redeem all of the approximately $ 1,274.6 million in outstanding aggregate principal amount of 6.000 % senior notes due 2025 (the 2025 Notes) issued by CommScope Technologies LLC (CommScope Technologies), a wholly owned indirect subsidiary of the Company, and satisfy and discharge the related indenture and (iii) pay fees and expenses related to the foregoing.

In connection with the refinancing, the Company capitalized approximately $ 59.4 million of original issuance discount and $33.1 million of debt issuance costs.

In addition, the Company incurred $6.4 million of debt issuance costs which were included in other income, net in the Consolidated Statements of Operations for the year ended December 31, 2024.

For the year ended December 31, 2024, the Company wrote-off $ 16.2 million of existing debt issuance costs and original issuance discount associated with the redemption of the 2025 Notes and refinancing of the 2026 Term Loan related to certain lenders who were not parties to the refinancing, which were included as interest expense in the Consolidated Statements of Operations.

During the year ended December 31, 2024 , the Company made scheduled amortization payments totaling $ 24.0 million due in equal quarterly installments on the 2026 Term Loan prior to the refinancing.

As of December 31, 2024 , the Company had outstanding three series of senior secured notes:

(1) $ 1,000.0 million of the 2031 Secured Notes issued by CommScope, LLC ;

(2) $ 1,250.0 million of 4.75 % senior secured notes due September 1, 2029 (the 2029 Secured Notes) issued by CommScope, LLC (f/k/a CommScope, Inc.) in August 2021;

and (3) $ 1,500.0 million of 6.00 % senior secured notes due March 1, 2026 issued by CommScope, LLC in February 2019 (the 2026 Secured Notes and, together with the 2029 Secured Notes and the 2031 Secured Notes, collectively, the Secured Notes).

As of December 31, 2024, the Company had outstanding three series of senior unsecured notes:

(1) $ 700.0 million initial aggregate principal amount of 7.125 % senior notes due July 1, 2028 (the 2028 Notes) issued by CommScope, LLC in July 2020;

(2) $ 750.0 million initial aggregate principal amount of 5.00 % senior notes due March 15, 2027 issued by CommScope Technologies in March 2017 (the 5.00 % 2027 Notes);

and (3) $ 1,000.0 million initial aggregate principal amount of 8.25 % senior notes due March 1, 2027 ( 8.25 % 2027 Notes) issued by CommScope, LLC in February 2019 (the 8.25 % 2027 Notes and, together with the 2028 Notes, collectively, the CommScope, LLC Notes;

the Secured Notes, the 5.00 % 2027 Notes and the CommScope, LLC Notes, collectively, the Senior Notes).

The indentures governing the Senior Notes contain covenants that restrict the ability of CommScope, LLC and its restricted subsidiaries to, among other things, incur additional debt, make certain payments, including payment of dividends (except, in the case of the CommScope, LLC Notes and the Secured Notes, with respect to the Convertible Preferred Stock) or repurchases of equity interests of CommScope, LLC or the applicable issuer, make loans or acquisitions or capital contributions and certain investments, incur certain liens, sell assets, merge or consolidate or liquidate other entities and enter into certain transactions with affiliates.

There are no financial maintenance covenants in the indentures governing the Senior Notes.

Events of default under the indentures governing the Senior Notes include, among others, non-payment of principal or interest when due, covenant defaults, bankruptcy and insolvency events and cross acceleration to material debt.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

9.50 % Senior Secured Notes due December 2031, 4.75 % Senior Secured Notes due 2029 and 6.00 % Senior Secured Notes due 2026 (the Secured Notes)

The 2031 Secured Notes mature on December 15, 2031, the 2029 Secured Notes mature on September 1, 2029 and the 2026 Secured Notes mature on March 1, 2026 .

Interest is payable on the 2031 Secured Notes semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2025.

Interest is payable on the 2029 Secured Notes and 2026 Secured Notes semi-annually in arrears on March 1 and September 1 of each year.

The Secured Notes are guaranteed on a senior secured basis by the Company and each of CommScope, LLC’s existing and future wholly owned domestic restricted subsidiaries that is an obligor under the senior secured credit facilities or certain other debt, subject to certain exceptions.

Certain foreign subsidiaries of CommScope, LLC organized in the United Kingdom, Ireland and the Netherlands are required to, and will, be added as subsidiary guarantors to the Secured Notes pursuant to the terms of the 2031 Secured Notes.

The Secured Notes and the related guarantees are secured on a first-priority basis by security interests in all of the assets that secure indebtedness under the 2029 Term Loan on a first-priority basis, and on a second-priority basis in all assets that secure the Revolving Credit Facility on a first-priority basis and the 2029 Term Loan on a second-priority basis.

The Secured Notes and the related guarantees rank senior in right of payment to all of CommScope, LLC’s and the guarantors’ subordinated indebtedness and equally in right of payment with all of CommScope, LLC’s and the guarantors’ senior indebtedness (without giving effect to collateral arrangements), including the senior secured credit facilities and the other Senior Notes.

The Secured Notes and the related guarantees are effectively senior to all of CommScope, LLC’s and the guarantors’ unsecured indebtedness and debt secured by a lien junior to the liens securing the Secured Notes, in each case to the extent of the value of the collateral, and effectively equal to all of CommScope, LLC’s and the guarantors’ senior indebtedness secured on the same priority basis as the Secured Notes, including the 2029 Term Loan.

The Secured Notes and the related guarantees are effectively subordinated to any of CommScope, LLC’s or the guarantors’ indebtedness that is secured by assets that do not constitute collateral for the Secured Notes and effectively subordinated to any of CommScope, LLC’s or the guarantors’ indebtedness that is secured by a senior-priority lien, including under the Revolving Credit Facility, in each case to the extent of the value of the assets securing such indebtedness.

In addition, the Secured Notes and related guarantees are structurally subordinated to all existing and future liabilities (including trade payables) of CommScope, LLC’s subsidiaries that do not guarantee the Secured Notes.

The Secured Notes may be redeemed prior to maturity under certain circumstances.

Upon certain change of control events, the 2031 Secured Notes may be redeemed at the option of the holders at 100 % of the principal amount, plus accrued and unpaid interest.

The 2031 Secured Notes may be redeemed on or after June 15, 2026 by CommScope, LLC at the redemption prices specified in the indenture governing the 2031 Secured Notes.

Prior to June 15, 2026 , the 2031 Senior Notes may be redeemed at a redemption price of 100 %, plus a make-whole premium (as specified in the indenture governing the 2031 Senior Notes), plus accrued and unpaid interest.

At any time prior to June 15, 2025 , the 2031 Senior Notes may be redeemed at a redemption price of 103 % of the aggregate principal amount of the 2031 Senior Notes to be redeemed, plus accrued and unpaid interest, in an amount up to $ 500.0 million, where the redemption payment is made from proceeds from the issuance of certain preferred stock or common equity interests of the Company.

Upon certain change of control events, the 2029 Secured Notes and the 2026 Senior Notes may be redeemed at the option of the holders at 101 % of their face amount, plus accrued and unpaid interest.

The 2029 Secured Notes and the 2026 Secured Notes may be redeemed by CommScope, LLC at the redemption prices specified in the indenture governing the 2029 Secured Notes or 2026 Secured Notes , as applicable.

In connection with the sale of the OWN segment and the DAS business unit of the NICS segment as described in Note 20 in these consolidated financial statements, CommScope, LLC redeemed all of the 2026 Secured Notes and satisfied and discharged the related indenture and repaid a portion of the 2029 Secured Notes.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In connection with issuing the 2031 Secured Notes, the Company incurred debt issuance costs of $ 8.0 million and original issue discount of $ 20.0 million dur ing the year ended December 31, 2024 which were recorded as a reduction of the carrying amount of the debt and are being amortized over the term of the 2031 Secured Notes.

The Company also incurred debt issuance costs of $ 1.5 million, reflected in other income, net in the Consolidation Statements of Operations, during the year ended December 31, 2024.

7.125% Senior Notes due 2028 and 8.25% Senior Notes due 2027 (the CommScope, LLC Notes)

The 2028 Notes mature on July 1, 2028 and the 8.25 % 2027 Notes mature on March 1, 2027 .

Interest is payable semi-annually in arrears on the 2028 Notes on July 1 and January 1 of each year and on the 8.25% 2027 Notes on March 1 and September 1 of each year.

The CommScope, LLC Notes are guaranteed on a senior unsecured basis by each of CommScope, LLC’s existing and future wholly owned domestic restricted subsidiaries that is an obligor under the senior secured credit facilities or certain other capital markets debt, subject to certain exceptions.

The CommScope, LLC Notes and the related guarantees rank senior in right of payment to all of CommScope, LLC’s and the guarantors’ subordinated indebtedness and equally in right of payment with all of CommScope, LLC’s and the guarantors’ senior indebtedness (without giving effect to collateral arrangements), including the senior secured credit facilities and the other Senior Notes.

The CommScope, LLC Notes and the related guarantees are effectively junior to all of CommScope, LLC’s and the guarantors’ existing and future secured indebtedness, including the Secured Notes and the senior secured credit facilities, to the extent of the value of the assets securing such secured indebtedness.

In addition, the CommScope, LLC Notes and related guarantees are structurally subordinated to all existing and future liabilities (including trade payables) of CommScope, LLC’s subsidiaries that do not guarantee the CommScope, LLC Notes.

The CommScope, LLC Notes may be redeemed prior to maturity under certain circumstances.

Upon certain change of control events, the CommScope, LLC Notes may be redeemed at the option of the holders at 101 % of their principal amount, plus accrued and unpaid interest.

The 2028 Notes may be redeemed by CommScope, LLC at the redemption prices specified in the indenture governing the 2028 Notes.

The 8.25% 2027 Notes may be redeemed by CommScope, LLC at the redemption prices specified in the indenture governing the 8.25% 2027 Notes.

5.00% Senior Notes due 2027

The 5.00 % 2027 Notes mature on March 15, 2027 .

Interest is payable on the 5.00% 2027 Notes semi-annually in arrears on March 15 and September 15 of each year.

The 5.00% 2027 Notes are guaranteed on a senior unsecured basis by CommScope, LLC and each of CommScope, LLC’s existing and future wholly owned domestic restricted subsidiaries (other than CommScope Technologies) that is an obligor under the senior secured credit facilities or certain other capital markets debt, subject to certain exceptions.

The 5.00% 2027 Notes and the related guarantees rank senior in right of payment to all of CommScope Technologies’ and the guarantors’ subordinated indebtedness and equally in right of payment with all of CommScope Technologies’ and the guarantors’ senior indebtedness (without giving effect to collateral arrangements), including the senior secured credit facilities and the other Senior Notes.

The 5.00% 2027 Notes and the related guarantees are effectively junior to all of CommScope Technologies’ and the guarantors’ existing and future secured indebtedness, including the Secured Notes and the senior secured credit facilities, to the extent of the value of the assets securing such secured indebtedness.

In addition, the 5.00% 2027 Notes and related guarantees are structurally subordinated to all existing and future liabilities (including trade payables) of CommScope, LLC’s subsidiaries that do not guarantee the 5.00% 2027 Notes.

The 5.00% 2027 Notes may be redeemed prior to maturity under certain circumstances.

Upon certain change of control events, the 5.00% 2027 Notes may be redeemed at the option of the holders at 101 % of their principal amount, plus accrued and unpaid interest.

The 5.00% 2027 Notes may be redeemed by CommScope Technologies at the redemption prices specified in the indenture governing the 5.00% 2027 Notes.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Senior Secured Credit Facilities

Senior Secured Term Loan due 2029

On December 17, 2024, the Company entered into a term loan agreement providing the new 2029 Term Loan which will mature in December 2029.

Borrowings under the 2029 Term loan will not amortize and will be due at final maturity.

T he 2029 Term Loan bears interest at (1) an adjusted Term SOFR rate, subject to certain adjustments, plus an applicable margin between 4.50 % and 5.50 % or (2) at the option of the Company, a base rate plus an applicable margin between 3.50 % to 4.50 %.

The applicable margins were subsequently reduced by 25 basis points after repayment of certain indebtedness in connection with the sale of the OWN segment and the DAS business unit of the NICS segment as described in Note 20 in these consolidated financial statements.

The 2029 Term Loan is subject to a Term SOFR floor of 2.00 %.

Subject to certain conditions, the 2029 Term Loan may be increased or a new incremental term loan facility may be added to increase the capacity by an unlimited amount as long as on a pro forma basis the Company ’s first lien net leverage ratio does not exceed 4.00 :1.00.

CommScope, LLC may voluntarily prepay loans under the 2029 Term Loan, subject to minimum amounts, with prior notice , subject to a prepayment premium (other than in connection with a change of control or permitted disposition) equal to:

(1) a customary make-whole premium for any prepayments within 18 months of the closing date of the 2029 Term Loan (or a 3.0 % premium with respect to any prepayments in the first six months using the proceeds of a new equity issuance);

(2) a 3.0 % premium on amounts prepaid from and after 18 months after the closing date of the 2029 Term Loan and prior to 30 months after the closing date of the 2029 Term Loan;

or (3) a 1.0 % premium on amounts prepaid from and after 30 months after the closing date of the 2029 Term Loan and prior to 42 months after the closing date of the 2029 Term Loan.

CommScope, LLC must prepay the 2029 Term Loan with the net cash proceeds of certain asset sales, the incurrence or issuance of specified refinancing indebtedness and 50 % of excess cash flow (such percentage subject to reduction based on the achievement of specified Consolidated First Lien Net Leverage Ratios), in each case, subject to certain reinvestment rights and other exceptions.

CommScope, LLC’s obligations under the 2029 Term Loan are guaranteed by the Company and each of CommScope, LLC’s direct and indirect wholly owned U.S.

subsidiaries (subject to certain permitted exceptions based on immateriality thresholds of aggregate assets and revenues of excluded U.S.

subsidiaries).

The 2029 Term Loan is secured by a lien on substantially all of CommScope, LLC’s and the guarantors’ current and fixed assets (subject to certain exceptions), and the 2029 Term Loan has a first-priority lien on all fixed assets and a second-priority lien on all current assets (second in priority to the liens securing the Revolving Credit Facility), in each case, subject to other permitted liens.

Certain foreign subsidiaries of CommScope, LLC organized in the United Kingdom, Ireland and the Netherlands will become Subsidiary Guarantors.

Additional foreign subsidiaries of CommScope, LLC may be added as Subsidiary Guarantors in the future.

The 2029 Term Loan contains customary negative covenants that limit CommScope, LLC's (and its subsidiaries’) ability to, among other things:

(i) incur additional debt or issue certain preferred stock;

(ii) pay dividends, redeem stock or make other distributions;

(iii) make other restricted payments or investments;

(iv) grant liens or security interests on assets;

(v) transfer or sell assets;

(vi) create restrictions on payment of dividends or other amounts to CommScope, LLC by CommScope, LLC’s subsidiaries;

(vii) engage in mergers or consolidations;

or (viii) engage in certain transactions with affiliates.

The 2029 Term Loan provides that, upon the occurrence of certain events of default, the obligations thereunder may be accelerated.

Such events of default will include payment defaults to the lenders thereunder, material inaccuracies of representations and warranties, covenant defaults, cross-defaults to other material indebtedness, voluntary and involuntary bankruptcy proceedings, material money judgments, material pension-plan events, change of control and other customary events of default.

No portion of the 2029 Term Loan was reflected as a current portion of long-term debt as of December 31, 2024 related to the potentially required excess cash flow payment because no such payment is expected to be required.

There was no excess cash flow payment required in 2024 related to 2023.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In connection with entering into the new 2029 Term Loan, the Company incurred debt issuance costs of $25.1 million and original issue discount of $ 39.4 million during the year ended December 31, 2024 which were recorded as a reduction of the carrying amount of the debt and are being amortized over the term of the 2029 Term Loan.

The Company also incurred debt issuance costs of $4.9 million, reflected in other income, net in the Consolidated Statements of Operations, during the year ended December 31, 2024.

Senior Secured Revolving Credit Facility

On December 17, 2024, the Company amended its Revolving Credit Facility agreement which permits the 2029 Term Loan and 2031 Secured Notes to be guaranteed by foreign subsidiary guarantors that will also become borrowers or guarantors under the Revolving Credit Facility agreement on a post-closing basis, and to permit such entities to grant liens on their assets to secure such obligations.

The amendment also removed the ability to have a Swiss borrowing base (as defined in the credit agreement governing the Revolving Credit Facility) and includes an obligation to reduce the committed amount from $ 1.0 billion to $ 750.0 million.

The Revolving Credit Facility provides borrowing capacity of up to $ 750.0 million, subject to certain limitations, available to CommScope, LLC and its U.S.

subsidiaries designated as co-borrowers (the U.S.

Revolving Borrowers).

The ability to draw under the Revolving Credit Facility or issue letters of credit is conditioned upon, among other things, delivery of prior written notice of a borrowing or issuance, as applicable, the ability of the Revolving Borrowers to reaffirm the representations and warranties contained in the credit agreement governing the Revolving Credit Facility and the absence of any default or event of default.

As of December 31, 2024 , the Company had $ 200.0 million of outstanding borrowings under the Revolving Credit Facility and had availability of $ 449.3 million, after giving effect to borrowing base limitations and outstanding letters of credit.

Letters of credit under the Revolving Credit Facility are limited to the lesser of (x) $ 250.0 million and (y) the aggregate unused amount of commitments under the Revolving Credit Facility then in effect.

Subject to certain conditions, the Revolving Credit Facility may be expanded by up to $ 400.0 million in additional commitments.

Loans under the Revolving Credit Facility may be denominated, at the option of the Revolving Borrowers, (i) with respect to Tranche A Loans, in U.S.

dollars, euros or pounds sterling, and (ii) with respect to Tranche B Loans, U.S.

dollars, euros, pounds sterling or Swiss francs.

Borrowings under the Revolving Credit Facility will bear interest at a floating rate, which can be either (1) an adjusted Term SOFR rate (for borrowings denominated in U.S.

dollars), (2) the Euro Interbank Offered Rate (EURIBOR) (for borrowings denominated in euros), (3) the Sterling Overnight Index Average (SONIA) (for borrowings denominated in pounds sterling) or (4) the Swiss Average Rate Overnight (SARON) (for borrowings denominated in Swiss francs), in each case, subject to certain adjustments plus an applicable margin of 1.25 % to 1.50 % or, at the option of the Revolving Borrowers, a base rate plus an applicable margin of 0.25 % to 0.50 %.

The obligations of the U.S.

Revolving Borrowers under the Revolving Credit Facility are guaranteed by the Company, CommScope, LLC and each of CommScope, LLC’s direct and indirect wholly owned U.S.

subsidiaries (subject to certain permitted exceptions based on immateriality thresholds of aggregate assets and revenues of excluded U.S.

subsidiaries).

The Revolving Credit Facility is secured by a lien on substantially all of the U.S.

Revolving Borrowers’ and the guarantors’ current and fixed assets (subject to certain exceptions).

The Revolving Credit Facility has a first-priority lien on all current assets and a second-priority lien on all fixed assets (second in priority to the liens securing the 2029 Secured Notes, the 2026 Secured Notes and the 2026 Term Loan), in each case, subject to other permitted liens.

The following fees are applicable under the Revolving Credit Facility:

(i) an unused line fee of (x) 0.250 % per annum of the unused portion of the Revolving Credit Facility when the average unused portion of the facility is less than 50% of the aggregate commitments under the Revolving Credit Facility or (y) 0.375 % per annum of the unused portion of the Revolving Credit Facility when the average unused portion of the facility is equal to or greater than 50% of the aggregate commitments under the Revolving Credit Facility;

(ii) a letter of credit participation fee on the aggregate stated amount of each letter of credit equal to the applicable margin for adjusted Term SOFR, EURIBOR, SONIA and SARON loans, as applicable;

(iii) a letter of credit fronting fee of 0.125 % per annum, multiplied by the average aggregate daily maximum amount available to be drawn under all applicable letters of credit issued by such letter of credit issuer;

and (iv) certain other customary fees and expenses of the lenders and agents thereunder.

The Revolving Borrowers will be required to make prepayments under the Revolving Credit Facility at any time when, and to the extent that, the aggregate amount of the outstanding loans and letters of credit under the Revolving Credit Facility exceeds the lesser of the aggregate amount of commitments in respect of the Revolving Credit Facility and the borrowing base.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The Revolving Credit Facility contains customary covenants, including, but not limited to, restrictions on the ability of CommScope, LLC and its subsidiaries to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, make acquisitions, loans, advances or investments, pay dividends (except with respect to the Convertible Preferred Stock), sell or otherwise transfer assets, optionally prepay or modify terms of any junior indebtedness, enter into certain transactions with affiliates or change lines of business.

The Revolving Credit Facility contains a Covenant Fixed Charge Coverage Ratio (as defined in the credit agreement governing the Revolving Credit Facility) of 1.00 to 1.00.

The credit agreement governing the Revolving Credit Facility provides that the Covenant Fixed Charge Coverage Ratio must be tested and must exceed the level set forth above only in the event that excess availability under the Revolving Credit Facility is less than the greater of $ 80 million and 10 % of the maximum credit as of the end of the most recent fiscal quarter.

As of December 31, 2024, the Company’s excess availability and Covenant Fixed Charge Coverage Ratio were in excess of the Revolving Credit Facility’s requirements.

The Revolving Credit Facility provides that, upon the occurrence of certain events of default, the obligations thereunder may be accelerated and the lending commitments terminated.

Such events of default include payment defaults, material inaccuracies of representations and warranties, covenant defaults, cross-defaults to other material indebtedness, voluntary and involuntary bankruptcy proceedings, material money judgments, material pension plan events, certain change of control events and other customary events of default.

In January 2025, the Company used the proceeds from the sale of the OWN segment and DAS business unit to pay fees and expenses associated with the transaction and to repay the outstanding amount of $ 250.0 million under the Company’s asset-based revolving credit facility (the Revolving Credit Facility).

In connection with the repayment of all outstanding amounts under the Revolving Credit Facility, the committed amount thereunder was reduced to $ 750.0 million, subject to borrowing base limitations.

In addition, in February 2025, the Company repurchased $ 299.0 million in aggregate principal amount of the 4.75 % senior secured notes due September 1, 2029 (the 2029 Secured Notes) and repurchased in full the $ 1,500.0 million outstanding amount of the 6.00 % senior secured notes due March 1, 2026 (the 2026 Secured Notes) with the proceeds from the sale.

Following the repurchases, $ 951.0 million in aggregate principal amount of the 2029 Secured Notes remained outstanding, and the indenture governing the 2026 Secured Notes was satisfied and discharged.

Following the consummation of the repurchases in February 2025, the conditions precedent were met for a 25 basis point reduction in the applicable margin on the senior secured term loan due December 2029 (the 2029 Term Loan).

In connection with the sale of the CCS segment that was completed subsequent to fiscal year end on January 9, 2026, the Company repaid in full all outstanding indebtedness.

For further discussion of the sale of the CCS segment, see Note 19 in these consolidated financial statements.

Other Matters

The following table summarizes scheduled maturities of long-term debt as of December 31, 2024:

Scheduled maturities of long-term debt

The Company’s non-guarantor subsidiaries held $ 2,434 million, or 28 %, of total assets and $ 596 million, or 5 %, of total liabilities as of December 31, 2024 and accounted for $ 1,634 million, or 30 %, of net sales for the year ended December 31, 2024.

All amounts presented exclude intercompany balances.

The Company is dependent upon the earnings and cash flow of its subsidiaries to make certain payments, including debt and interest payments.

Certain subsidiaries may have limitations or restrictions on transferring funds to other subsidiaries that may be necessary to meet those requirements.

The weighted average effective interest rate on outstanding borrowings, including the impact of the interest rate swap contracts and the amortization of debt issuance costs and original issue discount, was 8.09 % at December 31, 2024 and 7.22 % at December 31, 2023 .

DERIVATIVES AND HEDGING ACTIVITIES

Derivatives Not Designated as Hedging Instruments

The Company uses forward contracts to hedge a portion of its balance sheet foreign exchange re-measurement risk and to hedge certain planned foreign currency expenditures.

As of December 31, 2024 , the Company had foreign exchange contracts outstanding with maturities of up to four months and aggregate notional values of $ 123.6 million (based on exchange rates as of December 31, 2024).

The following table presents the balance sheet location and fair value of the Company’s derivatives not designated as hedging instruments:

Contract Type

Location of Asset (Liability)

Foreign currency contracts

Prepaid expenses and other current assets

Foreign currency contracts

Accrued and other liabilities

Total derivatives not designated as

hedging instruments

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The pretax impact of the foreign currency forward contracts, both matured and outstanding, on the Consolidated Statements of Operations is as follows:

Year Ended December 31,

Location of Gain (Loss)

Other income, net

Derivative Instruments Designated as Cash Flow Hedges of Interest Rate Risk

The Company has utilized a hedging strategy to mitigate a portion of the exposure to changes in cash flows resulting from variable interest rates on the 2026 Term Loan.

The hedging strategy extends to future borrowings or debt issued, to fix a portion of the future interest cash flows by designating qualifying receive-variable and pay-fixed interest rate swaps as a cash flow hedge for accounting and financial reporting purposes.

In June 2023, and in conjunction with the amendment to the 2026 Term Loan due to reference rate reform, the Company settled and derecognized its cash flow hedges.

A gain of $ 6.1 million remaining as a component of accumulated comprehensive loss in the Consolidated Balance Sheets continued to be reclassified to earnings through interest expense as the interest payments continued to be made on the 2026 Term Loan through December 17, 2024, at which time as a result of the refinancing transactions, the forecasted hedge transaction was no longer probable of occurring which resulted in a gain of $ 3.1 million being reclassified to earnings as an adjustment to interest expense.

The Company reenacted its hedging strategy in the third quarter of 2023, by entering into new interest rate swap derivatives with a total notional amount of $ 700 million which terminate on July 31, 2026 .

As a result of the refinancing transaction and changes in the terms of the 2029 Term Loan, the Company dedesignated its interest rate swaps as of December 17, 2024 and redesignated $ 700 million of the swaps as hedging instruments on the same day.

As a result, the Company will reclassify the frozen amount out of accumulated other comprehensive income (loss) into earnings through the December 2029 maturity of the new 2029 Term Loan or until terminated, and recognize the excluded component (i.e., off-market component of the swap) through earnings over the same period, which offset.

The Company believes that floating rate debt in the amount of $ 700 million will exist through the interest rate swaps' maturity in July 2026 and therefore, will continue to apply hedge accounting to the interest rate swaps.

The total notional amount of the interest rate swap derivatives as of December 31, 2024 was $ 700.0 million with outstanding maturities up to nineteen months .

There was no ineffectiveness on the instruments designated as cash flow hedges for the years ended December 31, 2024, 2023 or 2022.

The following table presents the balance sheet location and fair value of the derivative instruments designated as cash flow hedges of interest rate risk:

Contract Type

Location of Asset (Liability)

Interest rate swap contracts

Other noncurrent assets

Interest rate swap contracts

Other noncurrent liabilities

Total derivatives designated as cash

flow hedging instruments

The impact of the effective portion of the interest rate swap contracts designated as cash flow hedging instruments on the Consolidated Statements of Comprehensive Loss is as follows:

Year Ended December 31,

Location of Gain (Loss)

Other comprehensive income (loss), net of tax

CommScope Holding Company, Inc.

The weighted average effective interest rate on outstanding borrowings, including the impact of the interest rate swap contracts and the amortization of debt issuance costs and original issue discount, was 8.13 % and 8.09 % at December 31, 2025 and 2024, respectively .

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

12 unchanged sentences

8.25% senior notes due 2027

6.00% senior notes due 2025

9.50% senior secured notes due 2031

2 unchanged sentences

Senior secured term loan due 2029

Senior secured term loan due 2026

Senior secured revolving credit facility

2 unchanged sentences

Non-Recurring Fair Value Measurements

The Company recorded the assets acquired and liabilities assumed from the Casa Transaction during the second quarter of 2024, as well as the respective measurement adjustments in the third and fourth quarters of 2024.

The fair values were determined using Level 3 valuation inputs.

See Note 3 in these consolidated financial statements.

During the first quarter of 2024, the Company recognized a loss on impairment of unutilized real estate within restructuring costs, net on the Condensed Consolidated Statements of Operations.

For non-recurring fair value measurement discussions related to the discontinued operations, see Note 4 in these consolidated financial statements.

During the first quarter of 2024, the Company recognized a loss on impairment of unutilized real estate within restructuring costs, net on the Consolidated Statements of Operations.

The fair value was determined using Level 3 valuation inputs.

The Company recorded the assets acquired and liabilities assumed from the Casa transaction during the second quarter of 2024, as well as the respective measurement adjustments in the third and fourth quarters of 2024, and first quarter of 2025.

The fair values were determined using Level 3 valuation inputs.

See Note 3 in these consolidated financial statements.

During the annual impairment test in the fourth quarter of 2023 , a goodwill impairment charge of $ 46.4 million was recorded related to the ANS reporting unit which is the same as the ANS segment, and $ 99.1 million was recorded related to the BDCC reporting unit which is part of the CCS segment.

The fair value of each reporting unit was determined using Level 3 valuation inputs with an approach consistent with the 2023 annual impairment test.

In the third quarter of 2023, a goodwill impairment charge of $ 425.9 million was recorded related to the ANS reporting unit.

The fair value of each reporting unit was determined using Level 3 valuation inputs with an approach consistent with the 2023 annual impairment test.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

During the annual impairment test in the fourth quarter of 2022, a goodwill impairment charge of $ 1,119.6 million was recorded related to the ANS reporting unit.

The fair value of each reporting unit was determined using Level 3 valuation inputs with an approach consistent with the 2023 annual impairment test.

These fair value estimates are based on pertinent information available to management as of the valuation date.

3 unchanged sentences

The costs related to restructuring actions are generally cash-based and primarily consist of employee-related costs, which include severance and other one-time termination benefits.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In addition to the employee-related costs, the Company records other costs associated with restructuring actions such as the gain or loss on the sale of facilities and impairment costs arising from unutilized real estate or equipment.

3 unchanged sentences

Corporate and other (1)

The corporate and other line item above reflects general corporate restructuring costs that were previously allocated to the OWN segment, DAS business unit and Home segment.

(1) The corporate and other line item above reflects general corporate restructuring costs that were previously allocated to the CCS segment, OWN segment, DAS business unit and Home segment.

These indirect expenses have been classified as continuing operations for all periods presented since the costs were not directly attributable to these discontinued operations.

Beginning in the first quarter of 2024, the corporate and other costs related to the Home segment have been reallocated to the Company’s remaining segments and partially offset by income from the Vantiva TSA.

The corporate and other costs related to the OWN segment and DAS business unit will be reallocated to the Company’s remaining segments beginning in the first quarter of 2025.

Restructuring liabilities were included in the Company’s Consolidated Balance Sheets as follows:

Accrued and other liabilities

Other noncurrent liabilities

Total restructuring liabilities

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

CommScope NEXT Restructuring Actions

In the first quarter of 2021, the Company announced and began implementing a business transformation initiative called CommScope NEXT.

This initiative is designed to drive shareholder value through three pillars:

profitable growth, operational efficiency and portfolio optimization.

The activity within the liability established for CommScope NEXT restructuring actions was as follows:

Employee-Related Costs

Balance at December 31, 2022

Additional expense (reversals), net

Cash received (paid)

Foreign exchange and other non-cash items

Balance at December 31, 2023

Additional expense, net

Third-party indemnification receivable (1)

Foreign exchange and other non-cash items

Balance at December 31, 2024

(1) Reflects the reimbursement of severance and other costs from a third-party, for which the Company was obligated to pay.

CommScope NEXT actions to date have included the closure of manufacturing, administration and warehouse facilities as well as headcount reductions in other manufacturing locations and engineering, marketing, sales and administrative functions and asset impairments associated with restructuring related actions.

During the year ended December 31, 2024, additional expenses were recorded for employee related costs for severance.

Other costs included the impairment of idled administration and engineering facilities.

The Company has recognized restructuring charges of $ 185.4 million to date related to CommScope NEXT actions.

The Company expects to make cash payments of $ 4.0 million in 2025 to settle CommScope NEXT restructuring actions.

Additional restructuring actions related to CommScope NEXT are expected to be identified, and the resulting charges and cash requirements could be material.

Beginning in the first quarter of 2025, the corporate and other costs related to the OWN segment and DAS business unit have been reallocated to the Company’s remaining segments and partially offset by income from the Amphenol TSA.

The corporate and other costs related to the CCS segment will be reallocated to the Company’s remaining segments beginning in the first quarter of 2026.

The Company expects to make cash payments of $ 4.6 million in 2026 and $ 0.3 million during 2027 to settle these restructuring actions.

Additional restructuring actions related to the transformation initiative are expected to be identified, and the resulting charges and cash requirements could be material.

EMPLOYEE BENEFIT PLANS

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The liability related to these plans was $ 7.3 million and $ 9.5 million as of December 31, 2025 and 2024 , respectively.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Pension Plans

The Company sponsors defined benefit pension plans covering certain active and former domestic and foreign employees.

Both funded and unfunded plans are included in the defined benefit pension plans.

The following table summarizes information for the defined benefit pension plans:

Change in benefit obligation:

Benefit obligation, beginning

Interest cost

Actuarial loss (gain)

Benefits paid

Foreign exchange and other

Benefit obligation, ending

Change in plan assets:

Fair value of plan assets, beginning

Employer and plan participant contributions

Return on plan assets

Benefits paid

Foreign exchange and other

Fair value of plan assets, ending

Funded status, net liability (asset)

The following table presents the balance sheet location of the Company’s pension liabilities and assets:

Accrued and other liabilities

Other noncurrent liabilities

Other noncurrent assets

The accumulated benefit obligation for the Company’s U.S.

defined benefit pension plans was $ 8.6 million and $ 9.4 million as of December 31, 2024 and 2023 , respectively, and the accumulated benefit obligation for the Company’s non-U.S.

defined benefit pension plans was $ 157.4 million and $ 181.5 million as of December 31, 2024 and 2023, respectively.

The following table summarizes information for the Company’s pension plans with an accumulated benefit obligation in excess of plan assets:

Projected benefit obligation

Accumulated benefit obligation

Fair value of plan assets

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The following table summarizes pretax amounts included in accumulated other comprehensive loss:

Unrecognized net actuarial gain (loss)

Unrecognized prior service cost

Actuarial gains and losses are amortized using a corridor approach.

The corridor is equal to 10 % of the greater of the benefit obligation and the fair value of the assets.

Gains and losses in excess of the corridor are generally amortized over the average remaining life of the plan participants.

Pretax amounts for net periodic benefit cost and other amounts included in other comprehensive income (loss) for the defined benefit pension plans consisted of the following components:

Income (loss) from continuing operations before income taxes includes the results from domestic and international operations as follows:

Year Ended December 31,

Interest cost

Recognized actuarial loss

Expected return on plan assets

Settlement (gain) loss

Curtailment gain

Net periodic benefit cost

Changes in plan assets and benefit obligations

included in other comprehensive income (loss):

Change in unrecognized net actuarial loss (gain)

Change in unrecognized prior service cost

Total included in other comprehensive income (loss)

Total recognized in net periodic benefit cost and

included in other comprehensive income (loss)

The Company reports the service cost component of net periodic benefit cost in the same line item as other compensation costs arising from the services rendered by the employee and records the other components of net periodic benefit cost in other income, net.

Significant weighted average assumptions used in determining benefit obligations and net periodic benefit cost are as follows:

Benefit obligations:

Discount rate

Rate of compensation increase

Net periodic benefit cost:

Discount rate

Rate of return on plan assets

Rate of compensation increase

The Company considered the available yields on high-quality fixed-income investments with maturities corresponding to the Company’s expected benefit obligations to determine the discount rates at each measurement date.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In developing the expected rate of return on plan assets, the Company considered the expected long-term rate of return on individual asset classes.

Expected return on plan assets is based on the market value of the assets.

The majority of the non-U.S.

pension assets are managed by independent investment advisors.

In general, the investment strategy is designed to accumulate a diversified portfolio among markets, asset classes or individual securities in order to reduce market risk and assure that the pension assets are available to pay benefits as they come due.

Mutual funds classified as Level 1 are valued at net asset value, which is based on the fair value of the funds’ underlying securities.

Certain mutual funds are classified as Level 2 because a portion of the funds’ underlying assets are valued using significant other observable inputs.

Other assets are primarily composed of fixed income investments (including insurance and real estate products) and are valued based on the investment’s stated rate of return, which approximates market interest rates.

The Company had no U.S.

defined benefit pension plan assets as of December 31, 2024 or 2023.

The estimated fair values and the valuation input levels of the Company’s non-U.S.

defined benefit pension plan assets are as follows:

December 31, 2024

Mutual funds:

International equity

International debt

December 31, 2023

Mutual funds:

International equity

International debt

Expected Cash Flows

The Company expects to contribute $ 0.9 million to U.S.

defined benefit pension plans and $ 10.5 million to non-U.S.

defined benefit pension plans during 2025.

The following table summarizes projected benefit payments from pension plans through 2034, including benefits attributable to estimated future service (in millions):

CommScope Holding Company, Inc.

Income (loss) from continuing operations before income taxes

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

L oss from continuing operations before income taxes includes the results from domestic and international operations as follows:

Year Ended December 31,

Loss from continuing operations before income taxes

The components of income tax expense (benefit) were as follows:

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Total income tax expense (benefit)

The reconciliation of income taxes calculated at the statutory U.S.

federal income tax rate to the Company’s expense (benefit) for income taxes was as follows:

The following table reflects the effective income tax rate reconciliation for the year ended December 31, 2025 (ASU 2023-09) (Prospective Adoption):

% of Statutory

Pre-tax book income

federal statutory tax rate

State and local income taxes, net of federal income tax effect (1)

Foreign tax effects:

United Kingdom:

Statutory tax rate difference between United Kingdom & United States

Foreign tax credit

Other foreign jurisdictions

Subpart F income net of U.S.

foreign tax credits

Unremitted earnings

foreign tax credits

Changes in valuation allowances

Nontaxable or nondeductible items:

Nondeductible compensation

Equity-based compensation awards

Changes in unrecognized tax benefits

Income tax provision

states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include California, Georgia, Illinois, New Jersey and Tennessee.

The Company adopted ASU 2023-09 prospectively beginning in fiscal year 2025.

As permitted by the standard, prior-period disclosures have not been retrospectively adjusted.

The reconciliation of income taxes attributable to operations at the applicable U.S.

federal statutory tax rates to income tax expense for periods prior to adoption reflects the presentation required under legacy ASC 740 and is not directly comparable to the current year presentation.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Year Ended December 31,

Benefit for income taxes at federal statutory rate

Provision for income taxes at federal statutory rate

State income taxes, net of federal tax effect

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Base erosion and anti-abuse tax

Foreign-derived intangible income deduction

Federal tax credits

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Tax provision adjustments and revisions to prior years ʾ returns

Change in valuation allowances

Total expense (benefit) for income taxes

CommScope Holding Company, Inc.

Change in valuation allowance

Total provision for income taxes

Cash paid for income taxes, net of refunds received by jurisdiction pursuant to the disclosure requirements of ASU 2023-09, is as follows:

Year Ended December 31,

United Kingdom

Cash paid for income taxes, net of refunds received

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

3 unchanged sentences

Accounts receivable, inventory and warranty reserves

Property, plant and equipment

Employee benefits

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State net operating loss and tax credit carryforwards

Unrecognized tax benefits

Interest limitation

Capitalized research and development costs

Basis difference in U.S.

subsidiaries (1)

Total deferred tax assets

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Intangible assets

Property, plant and equipment

Undistributed foreign earnings

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Deferred taxes recognized on the balance sheet:

Noncurrent deferred tax asset (included with other noncurrent assets)

Noncurrent deferred tax asset

Noncurrent deferred tax liability

Net deferred tax asset

The deferred tax asset for foreign net operating loss and tax credit carryforwards as of December 31, 2024 includes foreign net operating loss carryforwards (net of federal tax effects) of $ 30.6 million, which begin to expire in 2025 , and foreign tax credit carryforwards (net of federal tax effects) of $ 10.1 million, which begin to expire in 2025 .

(1) The deferred tax asset for the basis difference in U.S.

subsidiaries as of December 31, 2025 relates to the difference between the carrying value of the net assets comprising the CCS segment classified as held for sale and the tax basis of the Company’s investment in the U.S.

subsidiaries being sold.

Because the basis difference was directly attributable to the CCS segment, the Company recognized the related income tax benefit within income from discontinued operations, net of income taxes, in the fourth quarter of 2025, as it was probable the associated tax benefit would be realized upon sale of the CCS segment in the first quarter of 2026.

The deferred tax asset will remain with and be settled by the Company;

therefore, it is classified as a deferred income tax asset on the Consolidated Balance Sheet as of December 31, 2025.

The deferred tax asset for foreign net operating loss and tax credit carryforwards as of December 31, 2025 includes foreign net operating loss carryforwards (net of federal tax effects) of $ 5.1 million, which have no expiration date, and foreign tax credit carryforwards (net of federal tax effects) of $ 1.4 million, which begin to expire in 2026 .

Certain of these foreign net operating loss carryforwards are subject to local restrictions limiting their utilization.

Valuation allowances of $ 3.7 million have been established related to these foreign deferred tax assets.

The deferred tax asset for federal net operating loss and tax credit carryforwards as of December 31, 2024 relates to $ 3.5 million of net operating loss carryforwards, which begin to expire in 2032 , and $ 26.3 million of U.S.

T he deferred tax asset for federal net operating loss and tax credit carryforwards as of December 31, 2025 relates to $ 2.2 million of net operating loss carryforwards, which begin to expire in 2032 , and $ 1.1 million of U.S.

foreign tax credit carryforwards, which begin to expire in 2029 .

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A valuation allowance of $ 91.0 million has been established against these and other state income tax related deferred tax assets.

The deferred tax asset for federal and state interest limitation carryforwards as of December 31, 2024 are $ 315.5 million, which have an indefinite carryforward.

A valuation allowance of $ 315.5 million has been established against these federal and state deferred tax assets.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In addition to the valuation allowances detailed above, the Company has also established a valuation allowance of $ 3.4 million against other deferred tax assets.

The deferred tax asset for federal and state interest limitation carryforwards as of December 31, 2025 is $ 236.7 million, which has an indefinite carryforward.

A valuation allowance of $ 1.8 million has been established against the state deferred tax assets.

In 2025, the Company released approximately $ 260.0 million of valuation allowance that had been established against federal and state deferred tax assets primarily related to interest limitation carryforwards.

Under current U.S.

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jurisdictional taxes (including withholding taxes) on distributions.

As of December 31, 2024 , the Company has a deferred tax liability of $ 18.6 million for the estimated foreign and state tax costs associated with the expected repatriation of the Company’s undistributed foreign earnings.

The unrecorded deferred tax liability for foreign and state tax costs associated with earnings considered permanently reinvested is not material as of December 31, 2024.

The following table reflects a reconciliation of the beginning and end of period amounts of gross unrecognized tax benefits, excluding interest and penalties:

As of December 31, 2025, the Company has a deferred tax liability of $ 5.0 million for the estimated foreign costs associated with the expected repatriation of the Company’s undistributed foreign earnings.

The unrecorded deferred tax liability for foreign costs associated with earnings considered permanently reinvested is not material as of December 31, 2025 .

The following table reflects a reconciliation of the beginning to ending period amounts of gross unrecognized tax benefits, excluding interest and penalties:

Year Ended December 31,

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Decrease related to lapse in statutes of limitations

Decrease related to divestiture

Decrease related to divestitures

Balance at end of period

2 unchanged sentences

The determination of the Company’s unrecognized tax benefits involves significant management judgment regarding interpretation of relevant facts and tax laws in each of these jurisdictions.

Unrecognized tax benefits are reviewed and evaluated on an ongoing basis and may be adjusted for changing facts and circumstances including the lapse of applicable statutes of limitation and closure of tax examinations.

Although the timing and outcome of such events are difficult to predict, the Company estimates that the balance of unrecognized tax benefits, excluding the impact of accrued interest and penalties, may be reduced by up to $ 22.0 million within the next twelve months.

The Company provides for interest and penalties related to unrecognized tax benefits as income tax expense.

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In 2025, the company incurred insignificant tax expense in connection with Pillar Two.

CommScope Holding Company, Inc.

On January 5, 2026, the OECD released a comprehensive package for a “side-by-side arrangement” with respect to Pillar Two.

Notably, once adopted, this new guidance will prevent other countries from imposing tax on the U.S.

profits of American companies.

The Company will continue to monitor U.S.

and international legislative developments, including further announcements on the side-by-side package, to assess any potential impacts on its operations.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

On July 4, 2025, U.S.

legislation formally titled “An Act to Provide for Reconciliation Pursuant to Title II of H.

14” (the Act), commonly referred to as the One Big Beautiful Bill Act, was signed into law.

The Act, among other provisions, extended certain key elements of the 2017 Tax Cuts and Jobs Act and introduced targeted changes to the U.S.

federal income tax regime.

The effects of OBBBA are reflected in the consolidated financial statements for the year ended December 31, 2025 .

The following table presents income tax expense (benefit) related to amounts presented in other comprehensive income (loss):

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SERIES A CONVERTIBLE PREFERRED STOCK

On April 4, 2019, the Company issued and sold 1,000,000 shares of the Convertible Preferred Stock for $ 1.0 billion, or $ 1,000 per share, pursuant to an Investment Agreement between the Company and The Carlyle Group (Carlyle), dated November 8, 2018 (the Investment Agreement).

As of December 31, 2024 , the Company had authorized 1,400,000 shares of Series A Convertible Preferred Stock.

On April 4, 2019, the Company issued and sold 1,000,000 shares of the Series A Convertible Preferred Stock (Convertible Preferred Stock) for $ 1.0 billion, or $ 1,000 per share, pursuant to an Investment Agreement between the Company and The Carlyle Group (Carlyle), dated November 8, 2018 (the Investment Agreement).

As of December 31, 2025 , the Company had authorized 1,400,000 shares of Convertible Preferred Stock.

In connection with the sale of the CCS segment that was completed subsequent to fiscal year end on January 9, 2026, the Company has redeemed its Convertible Preferred Stock.

For further discussion of the sale of the CCS segment, see Note 19 in these consolidated financial statements.

Dividend Rights

The Convertible Preferred Stock ranks senior to the shares of the Company’s common stock with respect to dividend rights and rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company.

The Convertible Preferred Stock has a liquidation preference of $ 1,000 per share.

Holders of the Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5 % per year, payable quarterly in arrears.

If CommScope does not declare and pay a dividend, the dividend rate will increase by 2.5 % to 8.0 % per year (and that rate will increase by an additional 0.50 % every three months until such unpaid dividend is declared and paid, subject to a cap of 11.0 % per year) until all accrued but unpaid dividends have been paid in full.

Dividends can be paid in cash, in-kind through the issuance of additional shares of Convertible Preferred Stock or any combination of the two, at the Company’s option.

The Convertible Preferred Stock ranked senior to the shares of the Company’s common stock with respect to dividend rights and rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company.

The Convertible Preferred Stock had a liquidation preference of $ 1,000 per share.

Holders of the Convertible Preferred Stock were entitled to a cumulative dividend at the rate of 5.5 % per year, payable quarterly in arrears.

If the Company did not declare and pay a dividend, the dividend rate would increase by 2.5 % to 8.0 % per year (and that rate would increase by an additional 0.50 % every three months until such unpaid dividend is declared and paid, subject to a cap of 11.0 % per year) until all accrued but unpaid dividends have been paid in full.

Dividends were payable in cash, in-kind through the issuance of additional shares of Convertible Preferred Stock or any combination of the two, at the Company’s option.

During the years ended December 31, 2025, 2024 and 2023 , the Company paid dividends in-kind of $ 51.3 million, $ 65.2 million and $ 61.8 million, respectively, which were recorded as additional Convertible Preferred Stock on the Consolidated Balance Sheets.

The Company did no t pay cash dividends for the years ended December 31, 2024 or 2023, but did pay cash dividends of $ 14.9 million for the year ended December 31, 2022.

Conversion Features

The Convertible Preferred Stock is convertible at the option of the holders at any time into shares of CommScope common stock at an initial conversion rate of 36.3636 shares of common stock per share of the Convertible Preferred Stock (equivalent to $ 27.50 per share of common stock).

The conversion rate is subject to customary anti-dilution and other adjustments.

At any time after the third anniversary of the issuance of the Convertible Preferred Stock, if the volume weighted average price of CommScope’s common stock exceeds the conversion price of $ 49.50 , as may be adjusted pursuant to the Certificate of Designations, for at least thirty trading days in any period of forty-five consecutive trading days (including the final five trading days of any such forty-five-trading day period) all of the Convertible Preferred Stock may be converted at the election of CommScope into the relevant number of shares of CommScope common stock.

Redemption Rights

On any date during the three months following the eight year and six-month anniversary of the Investment Agreement closing date and the three months following each anniversary thereafter, holders of the Convertible Preferred Stock will have the right to require CommScope to redeem all or any portion of the Convertible Preferred Stock at 100 % of the liquidation preference thereof plus all accrued and unpaid dividends.

The redemption price is payable, at the Company’s option, in cash or a combination of cash and common stock, subject to certain restrictions.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Upon certain change of control events involving CommScope, CommScope has the right, subject to the holder’s right to convert prior to such redemption, to redeem all of the Convertible Preferred Stock for the greater of (i) an amount in cash equal to the sum of the liquidation preference of the Convertible Preferred Stock, all accrued but unpaid dividends and, if the applicable redemption date is prior to the fifth anniversary of the first dividend payment date, the present value, discounted at a rate of 10 %, of any remaining scheduled dividends through the five year anniversary of the first dividend payment date, assuming CommScope chose to pay such dividends in cash and (ii) the consideration the holders would have received if they had converted their shares of the Convertible Preferred Stock into CommScope common stock immediately prior to the change of control event.

To the extent that CommScope does not exercise the redemption right described above, following the effective date of any such change of control event, the holders of the Convertible Preferred Stock can require CommScope to repurchase the Convertible Preferred Stock at the greater of (i) an amount in cash equal to 100 % of the liquidation preference thereof plus all accrued but unpaid dividends and (ii) the consideration the holders would have received if they had converted their shares of the Convertible Preferred Stock into CommScope common stock immediately prior to the change of control event.

Voting Rights

Holders of the Convertible Preferred Stock are entitled to vote with the holders of the Company’s common stock on an as-converted basis.

Holders of the Convertible Preferred Stock are entitled to a separate class vote with respect to, among other things, amendments to CommScope’s organizational documents that have an adverse effect on the Convertible Preferred Stock, issuances by CommScope of securities that are senior to, or equal in priority with, the Convertible Preferred Stock and issuances of shares of the Convertible Preferred Stock after the closing date of the ARRIS International plc ( ARRIS) acquisition, other than shares issued as dividends with respect to shares of the Convertible Preferred Stock.

The Company paid a cash dividend of $ 17.6 million for the year ended December 31, 2025 but did no t pay cash dividends for each of the years ended December 31, 2024 and 2023.

STOCKHOLDERS’ EQUITY

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All future equity awards will be made from the 2019 Plan.

Awards under the 2019 Plan may include stock options, stock appreciation rights, restricted stock, stock units (including restricted stock units (RSUs) and deferred stock units), performance awards (represents any of the awards already listed with a performance-vesting component), other stock-based awards and cash-based awards.

Awards under the 2019 Plan may include stock options, stock appreciation rights, restricted stock, stock units (including RSUs) and deferred stock units), performance awards (represents any of the awards already listed with a performance-vesting component), other stock-based awards and cash-based awards.

As of December 31, 2025 , there were 9.2 million shares available for future grants under the 2019 Plan.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

As of December 31, 2025 , $ 29.1 million of total unrecognized compensation expense related to unvested stock options, RSUs and performance share units (PSUs) is expected to be recognized over a remaining weighted average period of 1.9 years.

There were no significant capitalized equity-based compensation costs at December 31, 2025.

The following table shows a summary of the equity-based compensation expense included in the Consolidated Statements of Operations:

The following table shows a summary of the equity-based compensation expense included on the Consolidated Statements of Operations:

Year Ended December 31,

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Total equity-based compensation expense

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The Company believes the valuation techniques and the approaches utilized to develop the underlying assumptions are appropriate in estimating the fair values of its equity-based compensation.

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Performance Share Units

PSUs are stock awards in which the number of shares ultimately received by the employee depends on achievement towards a performance measure.

Certain of CommScope’s PSUs have an internal performance measure and the awards vest at the end of three years.

The number of shares issued under these awards can vary between 0 % and 300 % of the number of PSUs granted.

The fair value of these awards is determined on the date of grant based on the Company’s stock price.

CommScope also has PSUs with a market condition performance measure based on stock price milestones over a three-year period.

The number of shares issued under these awards can vary between 0 % to 100 % of the number of PSUs granted.

In addition, the Company has PSUs with a market condition based on the Company’s total stockholder return (TSR) ranking relative to the S&P 500 TSR for a three-year period.

PSUs are stock awards in which the number of shares ultimately received by the employee depends on achievement toward a performance measure.

Certain of the Company’s PSUs have an internal performance measure and vest at the end of three years, with the number of shares issued varying between 0 % and 200 % of the units granted.

Beginning in 2025, the Company also granted PSUs

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

that vest over three years but are earned based on annual performance periods;

these awards are divided into three equal tranches, each tied to the applicable annual internal performance measure, with each tranche payable between 0 % and 200 % of the units granted.

The fair value of all such awards is determined on the date of grant based on the Company’s stock price.

The Company also has PSUs with a market condition based on the Company’s total stockholder return (TSR) ranking relative to the S&P 500 TSR for a three-year period.

The number of shares issued under these awards can vary between 0 % to 200 % of the number of PSUs granted.

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treasury securities, and stock price volatility, which is derived based on the historical volatility of the Company’s stock.

During the year ended December 31, 2024, certain PSUs expired as the performance measure stock price milestone was not met.

During the year ended December 31, 2025, certain PSUs expired as the market condition based on the Company’s TSR ranking relative to the S&P 500 TSR was not met.

Consequently, no shares were issued related to these awards.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The following table presents the weighted average assumptions used to estimate the fair value of these awards granted:

Year Ended December 31,

Risk-free interest rate

Expected volatility

Weighted average fair value at grant date

In addition, in 2025, we recognized incremental stock‑based compensation expense related to certain TSR awards for which the service condition was accelerated, resulting in total performance attainment of 175 % for the period.

The following table summarizes the PSU activity (in millions, except per share data):

2 unchanged sentences

Non-vested share units at December 31, 2024

Performance award achievement adjustment

Vested and shares issued

Non-vested share units at December 31, 2025

No PSUs were granted during the year ended December 31, 2024.

The weighted average grant date fair value per unit of these awards granted during the years ended December 31, 2025 and 2023 was $ 6.33 and $ 6.14 , respectively.

No PSUs were granted during the year ended December 31, 2024.

The total fair value of PSUs that vested during the year ended December 31, 2025 was $ 16.4 million.

No PSUs vested during the year ended December 31, 2024.

The total fair value of PSUs that vested during the year ended December 31, 2023, was no t material .

The total fair value of PSUs that vested during the year ended December 31, 2022 was $ 2.6 million.

COMMITMENTS AND CONTINGENCIES

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Product warranty accrual, end of period

Non-cancellable Purchase Obligations

In July 2023, the Company entered into a long-term supply contract with a third-party to secure the supply of certain raw materials.

Under the terms of the contract, the Company will make advance payments through 2026 totaling $ 120.0 million (undiscounted) and based on meeting certain minimum purchase requirements through 2031, such advance payments will be credited and applied to future orders on a quarterly basis beginning in 2027 through 2031.

Advance payments of $ 60.0 million and $ 30.0 million are recorded as other noncurrent assets in the Consolidated Balance Sheets as of December 31, 2024 and 2023 .

The Company has committed to growing purchases of raw materials under this agreement to a level of approximately $ 137 million per year by 2026 and continuing through 2032.

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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Segment Information

As a result of the pending sale of the OWN segment and DAS business unit, and the divestiture of the Home business, the Company manages its continuing operations and is reporting financial performance based on the following remaining three operating segments:

CCS, NICS and ANS.

In addition, as of January 1, 2024, management shifted certain product lines from the Company’s CCS segment to its ANS segment to better align with how the businesses are managed.

For all periods presented, amounts have been recast to reflect these operating segment changes.

The following is a brief description of the activities of the Company's business segments:

CCS - The segment provides fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, residential broadband networks, data centers and business enterprises.

The CCS portfolio includes network solutions for indoor and outdoor network applications.

Indoor network solutions include optical fiber and twisted pair structured cable solutions, intelligent infrastructure management hardware and software and network rack and cabinet enclosures.

Outdoor network solutions are used in both local-area and wide-area networks and “last mile” fiber-to-the-home installations, including deployments of fiber-to-the-node, fiber-to-the-premises and fiber-to-the-distribution-point to homes, businesses and cell sites.

NICS - The segment provides wireless networks for enterprises and service providers.

Product offerings include indoor cellular solutions such as public key infrastructure solutions, indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches;

The following is a brief description of the activities of the Company's reportable segments:

RUCKUS - The segment provides wireless networks for enterprises and service providers.

Product offerings include indoor cellular solutions such as indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches;

an Internet of Things suite, on-premises and cloud-based control and management systems;

and software and software-as-a-service applications addressing security, location, reporting and analytics.

ANS - The segment’s product solutions include cable modem termination systems, video infrastructure, distribution and transmission equipment and cloud solutions that enable facility-based service providers to construct a state-of-the-art residential and metro distribution network.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Aurora - The segment’s product solutions include cable modem termination systems, video infrastructure, public key infrastructure solutions, distribution and transmission equipment and cloud solutions that enable facility-based service providers to construct a state-of-the-art residential and metro distribution network.

Refer to Note 1 for discussion of product shifts and divestitures impacting the Company’s operating and reportable segment structure.

The following table provides summary financial information by reportable segment

Identifiable segment-related assets:

Corporate and other (2)

Total identifiable segment-related assets

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Deferred income tax assets

Home business assets (3)

Divested and other business assets (2)

Assets held for sale

(1) Assets related to business segments largely include accounts receivable, inventories, property, plant and equipment, goodwill, intangible assets and certain limited other assets.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

(1) Assets related to reportable segments largely include accounts receivable, inventories, property, plant and equipment, goodwill, intangible assets and certain limited other assets.

All other items are reflected in Corporate and other.

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Intangible assets and goodwill are largely directly associated with a particular reporting unit and attributed on that basis.

(2) The corporate and other line item above reflects assets related to the OWN segment and DAS business unit which are not expected to transfer upon sale.

(3) The Home business assets line item above reflects certain assets retained by the Company related to the Home business, with the primary asset being net inventory related to the Home business in the amount of $ 14.5 and $ 88.0 million as of December 31, 2024 and 2023 , respectively.

The Company has entered into the Vantiva Supply Agreement, pursuant to which the Company will sell the retained inventory to Vantiva at cost, or market price if below cost, for a period of two years following the close of the transaction.

The Company organizes its business segments based on the nature of products and services offered.

Segment information is presented on the same basis that the Company's Chief Executive Officer , who is the chief operating decision maker, uses to manage its segments, evaluate financials results and make key operating decisions.

(2) The divested and other business assets line item above reflects certain inventory retained by the Company related to continuing involvement in divested businesses pursuant to the Vantiva Supply Agreement and the Amphenol MSA, as discussed in Note 4, as well as other corporate assets.

As of December 31, 2025, inventory of $ 16.6 million related to the OWN segment and DAS business unit, $ 4.4 million related to the P assive Optical Network ( PON) business line within the CCS segment that was not divested with the sale of the CCS segment and $ 36.3 million related to corporate and other assets .

As of December 31, 2024, inventory of $ 14.5 million related to the Home business, $ 20.3 million related to the PON business and $ 105.6 million related to corporate and other assets.

The Company organizes its reportable segments based on the nature of products and services offered.

Segment information is presented on the same basis that the Company's Chief Executive Officer , who is the CODM, uses to manage its segments, evaluate financials results and make key operating decisions.

The Company’s measurement of segment performance is adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization).

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These financial metrics are used to view operating trends, perform analytical comparisons and benchmark performance between periods and among geographic regions and monitor budget-to-actual variances on a monthly basis.

To manage operations and make decisions regarding resource allocations, the Company’s chief operating decision-maker is regularly provided and reviews expense information at a consolidated level for each segment.

To manage operations and make decisions regarding resource allocations, the Company’s CODM is regularly provided and reviews expense information at a consolidated level for each segment.

Each segment has a manager responsible for executing the Company’s strategic initiatives.

CommScope Holding Company, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

The following table provides net sales, cost of sales, total operating expenses, adjusted EBITDA, depreciation expense and additions to property, plant and equipment by reportable segment for the year ended December 31, 2025:

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Transaction, transformation and integration costs

Patent claims and litigation settlements

Operating income

Other expense, net

Loss from continuing operations before income taxes

Income from continuing operations before income

Additions to property, plant and equipment

(1) The corporate and other category above reflects general corporate costs that were previously allocated to the OWN segment, DAS business unit and Home segment.

These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations.

The corporate and other costs related to the OWN segment and DAS business unit will be reallocated to the Company’s remaining segments beginning in the first quarter of 2025.

CommScope Holding Company, Inc.

(1) Includes activity of the OneCell business for periods prior to its disposition.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

(2) The corporate and other category above primarily reflects general corporate costs that were previously allocated to the CCS segment, OWN segment and DAS business unit.

These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations.

The corporate and other costs related to the CCS segment will be reallocated to the Company’s remaining segments beginning in the first quarter of 2026.

and other (2)

Acquisition-related adjustments (2)

Segment net sales

Cost and expenses:

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Equity-based compensation

Asset impairments

Transaction, transformation and integration costs

Acquisition accounting adjustments

Patent claims and litigation settlements

Recovery of Russian accounts receivable

Cyber incident costs

Operating loss

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Additions to property, plant and equipment

(1) The corporate and other category above reflects general corporate costs that were previously allocated to the OWN segment, DAS business unit and Home segment.

(1) Includes activity of the OneCell business for periods prior to its disposition.

(2) The corporate and other category above primarily reflects general corporate costs that were previously allocated to the CCS segment, OWN segment and DAS business unit.

These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations.

The corporate and other costs related to the OWN segment and DAS business unit will be reallocated to the Company’s remaining segments beginning in the first quarter of 2025.

(2) Reflects ARRIS acquisition accounting adjustments related to reducing deferred revenue to its estimated fair value.

CommScope Holding Company, Inc.

The corporate and other costs related to the CCS segment will be reallocated to the Company’s remaining segments beginning in the first quarter of 2026.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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Recovery of Russian accounts receivable

Cyber incident costs

Operating loss

Other expense, net

Loss from continuing operations before income taxes

Loss from continuing operations before income

Additions to property, plant and equipment

(1) The corporate and other category above reflects general corporate costs that were previously allocated to the OWN segment, DAS business unit and Home segment.

(1) Includes activity of the OneCell business for periods prior to its disposition.

(2) The corporate and other category above primarily reflects general corporate costs that were previously allocated to the CCS segment, OWN segment, DAS business unit and Home segment.

These indirect expenses have been classified as continuing operations, since the costs were not directly attributable to these discontinued operations.

The corporate and other costs related to the OWN segment and DAS business unit will be reallocated to the Company’s remaining segments beginning in the first quarter of 2025.

The corporate and other costs related to the CCS segment will be reallocated to the Company’s remaining segments beginning in the first quarter of 2026.

(3) Reflects ARRIS acquisition accounting adjustments related to reducing deferred revenue to its estimated fair value.

Customer and Supplier Information

No direct customer accounted for 10 % or more of the Company’s total net sales during the years ended December 31, 2024, 2023 or 2022.

Accounts receivable from Comcast Corporation (Comcast) represented approximately 12 % of accounts receivable as of December 31, 2024.

Accounts receivable from Comcast and Charter Communications, Inc.

(Charter) represented approximately 16 % and 12 %, respectively, of accounts receivable as of December 31, 2023 .

Other than Comcast and Charter, no direct customer accounte d for 10 % or more of the Company’s accounts receivable as of December 31, 2024 or 2023.

The Company relies on sole suppliers or a limited group of suppliers for certain key components, subassemblies and modules and a limited group of contract manufacturers to manufacture a significant portion of its products.

Any disruption or termination of these arrangements could have a material adverse impact on the Company’s results of operations.

CommScope Holding Company, Inc.

Net sales to Comcast Corporation and affiliates (Comcast) accounted for approximately 35 %, 21 % and 20 % for the years ended December 31, 2025, 2024 and 2023, respectively.

Net sales to Charter Communications, Inc.

(Charter) accounted for approximately 13 % and 14 % for the years ended December 31, 2024 and 2023, respectively.

Other than Comcast and Charter, no direct customer accounted for 10 % or more of the Company’s total net sales during the years ended December 31, 2025, 2024 or 2023 .

Accounts receivable from Comcast and TD Synnex Corporation (TD Synnex) represented approximately 42 % and 11 %, respectively, of accounts receivable as of December 31, 2025 , and 25 % and 16 %, respectively, as of December 31, 2024.

Other than Comcast and TD Synnex, no direct customer accounted for 10 % or more of the Company’s accounts receivable as of December 31, 2025 or 2024.

Comcast and Charter are customers of the Aurora and RUCKUS segments, and TD Synnex is a customer of the RUCKUS segment.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

Any disruption or termination of these arrangements could have a material adverse impact on the Company’s results of operations.

Related Party Transactions

See Note 15 for a discussion of the Convertible Preferred Stock issued to Carlyle to finance the ARRIS acquisition.

For a discussion of the Convertible Preferred Stock issued to Carlyle to finance the ARRIS acquisition, see Note 14 in these consolidated financial statements.

Other than transactions related to the Convertible Preferred Stock and the Company’s continuing involvement with Vantiva discussed in Note 4, there were no material related party transactions for the years ended December 31, 2025, 2024 or 2023.

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Consolidated net sales

(1) Includes activity of the OneCell business for periods prior to its disposition.

Year Ended December 31, 2024

and other (2)

Geographic Region:

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Consolidated net sales

(1) Includes activity of the OneCell business for periods prior to its disposition.

(2) The corporate and other category above includes the activity from a business line within the CCS segment that was not divested with the sale of the CCS segment.

Long-lived assets, excluding intangible assets, consist substantially of property, plant and equipment and right of use assets.

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80 %, 2 %, 10 % and 8 %, respectively, as of December 31, 2025 and 71 %, 6 %, 17 % and 6 %, respectively, as of December 31, 2024 .

CommScope Holding Company, Inc.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

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QUARTERLY FINANCIAL DATA (UNAUDITED)

The unaudited interim financial information below has been recast to reflect the discontinuation of the OWN segment, DAS business unit and Home business.

See Note 4 for further information on discontinued operations.

Quarter 2024 (1)

The unaudited interim financial information below has been recast to reflect the discontinuation of the CCS segment, OWN segment, DAS business unit and Home business.

For further information on discontinued operations, see Note 4 in these consolidated financial statements.

Operating income (loss)

Income (loss) from continuing operations

Net income (loss)

Net income (loss) attributable to common stockholders

Net income attributable to common stockholders

Basic earnings (loss) from continuing operations per share

Diluted earnings (loss) from continuing operations per share

Quarter 2023 (1)

Operating income (loss)

Operating loss

Loss from continuing operations

Net income (loss)

Net loss attributable to common stockholders

Net income (loss) attributable to common stockholders

Basic loss from continuing operations per share

Diluted loss from continuing operations per share

(1) See Note 2 for further discussion of adjustments impacting certain financial results above.

SUBSEQUENT EVENTS

The proceeds from the sale of the OWN segment and the DAS business unit were used to pay fees and expenses associated with the transactions and to repay all outstanding amounts under the Company’s Revolving Credit Facility, to repay in part the 2029 Secured Notes and to repay in full the 2026 Secured Notes (collectively, the Debt Repayment).

In connection with the repayment of all outstanding amounts under the Revolving Credit Facility on January 31, 2025, the committed amount thereunder was reduced to $ 750.0 million, subject to borrowing base limitations.

On February 3, 2025, the Company completed (i) the redemption of $ 299,000,000 in aggregate principal amount of the 2029 Secured Notes, and following the redemption, $ 951,000,000 in aggregate principal amount of the 2029 Secured Notes remain outstanding and (ii) the redemption of all amounts outstanding under the 2026 Secured Notes.

In connection with the redemption in full of the 2026 Secured Notes, the indenture governing the 2026 Secured Notes was satisfied and discharged.

Following the consummation of the Debt Repayment on February 3, 2025, the conditions precedent were met for a 25 basis point reduction in the applicable margin on the 2029 Term Loan.

On January 9, 2026, the Company completed the previously announced sale of its CCS segment to Amphenol pursuant to the Purchase Agreement, dated as of August 3, 2025, in which Amphenol acquired the CCS segment on a cash-free, debt-free basis, in exchange for approximately $ 10.5 billion in cash, subject to certain adjustments.

In connection with the transaction, on the closing date, the Company repaid in full all outstanding indebtedness using a portion of the proceeds from the transaction and terminated all outstanding commitments under each of its Revolving Credit Agreement dated as of April 4, 2019, which provided for the Revolving Credit Facility in an aggregate principal amount of up to $ 750.0 million, and Term Loan Credit Agreement dated as of December 17, 2024, which provided for the 2029 Term Loan in an aggregate outstanding principal amount of $ 3,150 million.

In connection with the transaction, on the closing date, the Company satisfied and discharged the indentures governing the (1) $ 1,000.0 million in outstanding aggregate principal amount of the 2031 Secured Notes, (2) $ 951.0 million in outstanding aggregate principal amount of the 2029 Secured Notes, (3) $ 641.6 million in outstanding aggregate principal amount of the 2028 Notes, (4) $ 866.9 million in outstanding aggregate principal amount of the 8.25 % 2027 Notes and (5) $ 750.0 million in outstanding aggregate principal amount of the 5.00 % 2027 Notes (Notes).

In connection therewith, on the closing date, notices of full redemption were issued to holders of all of the outstanding Notes, calling all outstanding Notes for redemption on January 26, 2026 using a portion of the proceeds from the transaction, and all outstanding Notes were redeemed on that date.

Vistance Networks, Inc.

Notes to Consolidated Financial Statements-(Continued)

(In millions, unless otherwise noted)

In connection with the transaction, on the closing date, 100 % of the Convertible Preferred Stock was redeemed by the Company for cash in accordance with the terms of the Certificate of Designations.

Simultaneously with the consummation of the redemption, the Investment Agreement, dated as of November 8, 2018, by and among the Company and Carlyle pursuant to which such Convertible Preferred Stock was initially purchased, and all rights and obligations of the parties under the Investment Agreement, were terminated.

On January 13, 2026, the Company filed with the Secretary of State of the State of Delaware a Second Amended and Restated Certificate of Incorporation to change the Company’s corporate name from CommScope Holding Company, Inc.

to Vistance Networks, Inc., effective January 14, 2026.

The Company’s common stock will continue to trade on the NASDAQ Stock Market, but effective as of January 14, 2026, it is trading under the ticker symbol “VISN”.

CHANGES IN AND DISAGREEMENTS WITH ACCOUN TANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data