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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2026

The table below presents gains (losses) recognized on derivative financial instruments. Amounts for cash flow

hedges are recognized in other comprehensive income (loss) and for non-designated hedges are included within

“Other items, net” on the Consolidated Statements of Operations.

The table below presents our assets and liabilities measured at fair value on a recurring basis at June 30, 2026 and

December 31, 2025. These assets and liabilities have been categorized according to the three-level fair value

hierarchy established by the FASB, which prioritizes the inputs used in measuring fair value. Level 1 is based on

publicly quoted prices for the asset or liability in active markets. Level 2 is based on inputs that are observable

other than quoted market prices in active markets, such as quoted prices for the asset or liability in inactive markets

or quoted prices for similar assets or liabilities. Level 3 is based on unobservable inputs reflecting our own

assumptions about the assumptions that market participants would use in pricing the asset or liability. All of our

assets and liabilities that are measured at fair value on a recurring basis use Level 2 inputs. The fair value of

foreign currency hedges is determined based on the present value of future cash flows using observable inputs

including foreign currency exchange rates. The fair value of deferred compensation liabilities is determined based

on the fair value of the investments elected by employees.