XML 61 R44.htm IDEA: XBRL DOCUMENT
v3.25.0.1

RETIREMENT ANNUITY AND GUARANTEED CONTINUOUS EMPLOYMENT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
RETIREMENT ANNUITY AND GUARANTEED CONTINUOUS EMPLOYMENT PLANS |
Schedule of Obligations and Funded Status | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ | ​ | 2024 | ​ | 2023
​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S.
​ |  | plans |  | pension plans |  | plans |  | pension plans
Change in benefit obligations |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Benefit obligations at beginning of year | ​ | $ | 8,370 | ​ | $ | 126,030 | ​ | $ | 9,374 | ​ | $ | 118,489
Service cost | ​ |  | 156 | ​ | ​ | 1,014 | ​ |  | 166 | ​ |  | 955
Interest cost | ​ |  | 477 | ​ | ​ | 3,785 | ​ |  | 466 | ​ |  | 4,867
Plan participants' contributions | ​ |  | — | ​ | ​ | 42 | ​ |  | — | ​ |  | 48
Acquisitions & other adjustments | ​ |  | (897) | ​ | ​ | (792) | ​ |  | (821) | ​ |  | 84
Actuarial (gain) loss | ​ |  | (244) | ​ | ​ | 283 | ​ |  | 990 | ​ |  | 5,633
Benefits paid | ​ |  | — | ​ | ​ | (6,634) | ​ |  | — | ​ |  | (7,265)
Settlements/curtailments (1) | ​ |  | — | ​ | ​ | (32,564) | ​ |  | (1,805) | ​ |  | (1,700)
Currency translation | ​ |  | — | ​ | ​ | (5,792) | ​ |  | — | ​ |  | 4,919
Benefit obligations at end of year | ​ |  | 7,862 | ​ |  | 85,372 | ​ |  | 8,370 | ​ |  | 126,030
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in plan assets | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Fair value of plan assets at beginning of year | ​ |  | — | ​ |  | 91,222 | ​ |  | — | ​ |  | 86,543
Actual return on plan assets | ​ |  | — | ​ | ​ | (1,019) | ​ |  | — | ​ |  | 4,087
Employer contributions | ​ |  | — | ​ | ​ | 2,545 | ​ |  | — | ​ |  | 2,080
Plan participants' contributions | ​ |  | — | ​ | ​ | 42 | ​ |  | — | ​ |  | 48
Benefits paid | ​ |  | — | ​ | ​ | (4,212) | ​ |  | — | ​ |  | (5,120)
Settlements (1) | ​ |  | — | ​ | ​ | (30,741) | ​ |  | — | ​ |  | (599)
Currency translation | ​ |  | — | ​ | ​ | (3,295) | ​ |  | — | ​ |  | 4,183
Fair value of plan assets at end of year | ​ |  | — | ​ |  | 54,542 | ​ |  | — | ​ |  | 91,222
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Funded status at end of year | ​ |  | (7,862) | ​ |  | (30,830) | ​ |  | (8,370) | ​ |  | (34,808)
Unrecognized actuarial net loss | ​ |  | 1,988 | ​ |  | 2,370 | ​ |  | 2,387 | ​ |  | 3,070
Unrecognized prior service cost | ​ |  | — | ​ |  | (36) | ​ |  | — | ​ |  | (56)
Unrecognized transition assets, net | ​ |  | — | ​ |  | 24 | ​ |  | — | ​ |  | 24
Net amount recognized | ​ | $ | (5,874) | ​ | $ | (28,472) | ​ | $ | (5,983) | ​ | $ | (31,770)
​
| (1) | Settlements in 2024 resulting from lump sum pension payments and the purchase of a group annuity contract related to the termination of a pension plan.
Schedule of Amounts Recognized in Consolidated Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ | ​ | 2024 | ​ | 2023
​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S.
​ |  | plans |  | Pension plans |  | plans |  | pension plans
Prepaid pensions (1) | ​ | $ | — | ​ | $ | 845 | ​ | $ | — | ​ | $ | 2,891
Accrued pension liability, current (2) | ​ |  | (1,003) | ​ | ​ | (2,556) | ​ |  | (732) | ​ | ​ | (95)
Accrued pension liability, long-term (3) | ​ |  | (6,859) | ​ | ​ | (29,119) | ​ |  | (7,638) | ​ | ​ | (37,605)
Accumulated other comprehensive loss, excluding tax effects | ​ |  | 1,988 | ​ | ​ | 2,358 | ​ |  | 2,387 | ​ | ​ | 3,039
Net amount recognized in the balance sheets | ​ | $ | (5,874) | ​ | $ | (28,472) | ​ | $ | (5,983) | ​ | $ | (31,770)
​
(1) | Included in Other assets.
(2) | Included in Other current liabilities.
(3) | Included in Other liabilities.
Schedule of Components of Pension Cost for Defined Benefit Plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended December 31,
​ | ​ | ​ | 2024 | ​ | 2023 | ​ | 2022
​ | ​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S.
​ |  |  | plans |  | pension plans |  | plans |  | pension plans |  | plans |  | pension plans
Service cost | ​ | ​ | $ | 156 | ​ | $ | 1,014 | ​ | $ | 166 | ​ | $ | 955 | ​ | $ | 199 | ​ | $ | 1,077
Interest cost | ​ | ​ |  | 477 | ​ |  | 3,785 | ​ |  | 466 | ​ |  | 4,867 | ​ |  | 262 | ​ |  | 2,644
Expected return on plan assets | ​ | ​ |  | — | ​ |  | (2,574) | ​ |  | — | ​ |  | (3,839) | ​ |  | — | ​ |  | (3,525)
Other adjustments | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 117 | ​ | ​ | — | ​ | ​ | —
Amortization of prior service cost | ​ | ​ |  | — | ​ |  | (7) | ​ |  | — | ​ |  | (8) | ​ |  | — | ​ |  | —
Amortization of net loss (gain) | ​ | ​ |  | 155 | ​ |  | (62) | ​ |  | 80 | ​ |  | (374) | ​ |  | 132 | ​ |  | 299
Settlement and curtailment charges (gains) (1) | ​ | ​ |  | — | ​ |  | 3,818 | ​ |  | 256 | ​ |  | 949 | ​ |  | (3,735) | ​ |  | 367
Defined benefit plans | ​ | ​ | $ | 788 | ​ | $ | 5,974 | ​ | $ | 968 | ​ | $ | 2,667 | ​ | $ | (3,142) | ​ | $ | 862
​
| (1) | Settlements in 2024 resulting from lump sum pension payments and the purchase of a group annuity contract related to the termination of a pension plan.
​
Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2024 | ​ | 2023
​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S.
​ |  | plans |  | pension plans |  | plans |  | pension plans
Projected benefit obligation | ​ | $ | 7,819 | ​ | $ | 50,363 | ​ | $ | 8,326 | ​ | $ | 88,290
Accumulated benefit obligation | ​ |  | 7,424 | ​ |  | 47,867 | ​ |  | 8,002 | ​ |  | 86,317
Fair value of plan assets | ​ |  | — | ​ |  | 18,980 | ​ |  | — | ​ |  | 50,758
Schedule of Benefits expected to be paid for the Plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | U.S. pension | ​ | Non-U.S.
​ |  | Plans |  | pension plans
Estimated Payments | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 1,027 | ​ | $ | 7,277
2026 | ​ |  | 1,015 | ​ | ​ | 6,263
2027 | ​ |  | 998 | ​ | ​ | 5,305
2028 | ​ |  | 906 | ​ | ​ | 5,923
2029 | ​ |  | 887 | ​ | ​ | 5,161
2030 through 2034 | ​ |  | 4,174 | ​ | ​ | 30,196
Schedule of Weighted average assumptions used to measure the benefit obligations and net periodic benefit cost for the Company's significant defined benefit plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ | ​ | 2024 | ​ | 2023 |
​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S. |
​ |  | plans |  | pension plans |  | plans |  | pension plans |
Discount Rate |  | 4.8 | % | 4.0 | % | 6.0 | % | 3.9 | %
Rate of increase in compensation |  | 3.0 | % | 5.6 | % | 3.0 | % | 4.8 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ | ​ | 2024 | ​ | 2023 | ​ | 2022 |
​ | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S. | ​ | U.S. pension | ​ | Non-U.S. |
​ |  | plans |  | pension plans |  | plans |  | pension plans |  | plans |  | pension plans |
Discount rate |  | 6.0 | % | 3.9 | % | 5.8 | % | 4.2 | % | 2.5 | % | 1.8 | %
Rate of increase in compensation |  | 3.0 | % | 4.8 | % | 3.0 | % | 3.7 | % | 3.0 | % | 3.1 | %
Expected return on plan assets |  | — | ​ | 3.8 | % | — | ​ | 4.4 | % | — | % | 3.4 | %
Schedule of Pension plans' assets by level within the fair value hierarchy | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Plans' Assets at Fair Value as of December 31, 2024
​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Active Markets | ​ | ​ | ​ | ​ | Significant | ​ | ​ | ​
​ | ​ | for Identical | ​ | Significant Other | ​ | Unobservable | ​ | ​ | ​
​ | ​ | Assets | ​ | Observable Inputs | ​ | Inputs | ​ | ​ | ​
​ |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Cash and cash equivalents | ​ | $ | 1,974 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,974
Fixed income securities (1) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Corporate debt and other obligations | ​ |  | — | ​ |  | 6,063 | ​ |  | — | ​ |  | 6,063
Investments measured at NAV (2) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Common trusts and 103-12 investments (3) | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | 46,505
Total investments at fair value | ​ | $ | 1,974 | ​ | $ | 6,063 | ​ | $ | — | ​ | $ | 54,542
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Plans' Assets at Fair Value as of December 31, 2023
​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Active Markets | ​ | ​ | ​ | ​ | Significant | ​ | ​ | ​
​ | ​ | for Identical | ​ | Significant Other | ​ | Unobservable | ​ | ​ | ​
​ | ​ | Assets | ​ | Observable Inputs | ​ | Inputs | ​ | ​ | ​
​ |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Cash and cash equivalents | ​ | $ | 22,347 | ​ | $ | — | ​ | $ | — | ​ | $ | 22,347
Fixed income securities (1) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Corporate debt and other obligations | ​ |  | — | ​ |  | 5,894 | ​ |  | — | ​ |  | 5,894
Investments measured at NAV (2) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Common trusts and 103-12 investments (3) | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | 62,981
Total investments at fair value | ​ | $ | 22,347 | ​ | $ | 5,894 | ​ | $ | — | ​ | $ | 91,222
​
(1) | Fixed income securities are primarily comprised of governmental and corporate bonds directly held by the plans. Governmental and corporate bonds are valued using both market observable inputs for similar assets that are traded on an active market and the closing price on the active market on which the individual securities are traded.
(2) | Certain assets that are measured at fair value using the net asset value ("NAV") practical expedient have not been classified in the fair value hierarchy.
(3) | Common trusts and 103-12 investments (collectively "Trusts") are comprised of a number of investment funds that invest in a diverse portfolio of assets including equity securities, corporate and governmental bonds, equity and credit indexes and money markets. Trusts are valued at the NAV as determined by their custodian. NAV represents the accumulation of the unadjusted quoted close prices on the reporting date for the underlying investments divided by the total shares outstanding at the reporting dates.

X
- References No definition available. + Details
Name: | us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-2 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration