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RETIREMENT ANNUITY AND GUARANTEED CONTINUOUS EMPLOYMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2025

RETIREMENT ANNUITY AND GUARANTEED CONTINUOUS EMPLOYMENT PLANS

Schedule of Obligations and Funded Status


		December 31,
		2025						2024
		U.S.			Non-U.S.			U.S.			Non-U.S.
		pension plans			pension plans			pension plans			pension plans
Change in benefit obligations
Benefit obligations at beginning of year		$	7,862		$	85,372		$	8,370		$	126,030
Service cost			177			1,379			156			1,014
Interest cost			351			3,391			477			3,785
Plan participants' contributions			—			17			—			42
Acquisitions & other adjustments			(153)			(290)			(897)			(792)
Actuarial loss (gain)			192			(2,091)			(244)			283
Benefits paid			(1,129)			(6,749)			—			(6,634)
Settlements/curtailments⁽¹⁾			—			(3,341)			—			(32,564)
Currency translation			—			9,091			—			(5,792)
Benefit obligations at end of year			7,300			86,779			7,862			85,372

Change in plan assets
Fair value of plan assets at beginning of year			—			54,542			—			91,222
Actual return on plan assets			—			2,228			—			(1,019)
Employer contributions			—			704			—			2,545
Plan participants' contributions			—			17			—			42
Benefits paid			—			(4,181)			—			(4,212)
Settlements⁽¹⁾			—			(3,298)			—			(30,741)
Currency translation			—			5,329			—			(3,295)
Fair value of plan assets at end of year			—			55,341			—			54,542

Funded status at end of year			(7,300)			(31,438)			(7,862)			(30,830)
Unrecognized actuarial net loss (gain)			2,054			(381)			1,988			2,370
Unrecognized prior service cost			—			1			—			(36)
Unrecognized transition obligation, net			—			24			—			24
Net amount recognized		$	(5,246)		$	(31,794)		$	(5,874)		$	(28,472)

(1)

Settlements in 2024 resulting from lump sum pension payments.

Schedule of Amounts Recognized in Consolidated Balance Sheets


		December 31,
		2025						2024
		U.S.			Non-U.S.			U.S.			Non-U.S.
		pension plans			pension plans			pension plans			pension plans
Prepaid pensions ⁽¹⁾		$	—		$	707		$	—		$	845
Accrued pension liability, current ⁽²⁾			(991)			(2,633)			(1,003)			(2,556)
Accrued pension liability, long-term ⁽³⁾			(6,309)			(29,512)			(6,859)			(29,119)
Accumulated other comprehensive loss, excluding tax effects			2,054			(356)			1,988			2,358
Net amount recognized in the balance sheets		$	(5,246)		$	(31,794)		$	(5,874)		$	(28,472)

(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,
			2025						2024						2023
			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			$	177		$	1,379		$	156		$	1,014		$	166		$	955
Interest cost				351			3,391			477			3,785			466			4,867
Expected return on plan assets				—			(2,271)			—			(2,574)			—			(3,839)
Other adjustments				—			—			—			—			—			117
Amortization of prior service cost				—			(5)			—			(7)			—			(8)
Amortization of net loss (gain)				125			50			155			(62)			80			(374)
Settlement and curtailment charges				—			719			—			3,818			256			949
Defined benefit plans			$	653		$	3,263		$	788		$	5,974		$	968		$	2,667

Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets


		December 31,
		2025						2024
		U.S.			Non-U.S.			U.S.			Non-U.S.
		pension plans			pension plans			pension plans			pension plans
Projected benefit obligation		$	7,132		$	52,108		$	7,819		$	50,363
Accumulated benefit obligation			6,762			49,099			7,424			47,867
Fair value of plan assets			—			20,188			—			18,980

Schedule of Benefits expected to be paid for the Plans


		U.S.			Non-U.S.
		pension plans			pension plans
Estimated Payments
2026		$	1,015		$	7,150
2027			998			5,845
2028			906			6,264
2029			887			5,614
2030			905			5,723
2031 through 2035			3,701			32,184

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,
		2025				2024
		U.S.		Non-U.S.		U.S.		Non-U.S.
		pension plans		pension plans		pension plans		pension plans
Discount Rate		4.8	%	4.2	%	4.8	%	4.0	%
Rate of increase in compensation		3.0	%	6.2	%	3.0	%	5.6	%


		December 31,
		2025				2024				2023
		U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
		pension plans		pension plans		pension plans		pension plans		pension plans		pension plans
Discount rate		4.8	%	4.0	%	6.0	%	3.9	%	5.8	%	4.2	%
Rate of increase in compensation		3.0	%	5.6	%	3.0	%	4.8	%	3.0	%	3.7	%
Expected return on plan assets		—		4.2	%	—		3.8	%	—		4.4	%

Schedule of Pension plans' assets by level within the fair value hierarchy


		Pension Plans' Assets at Fair Value as of December 31, 2025
		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		$	1,568		$	—		$	—		$	1,568
Fixed income securities ⁽¹⁾
Corporate debt and other obligations			—			6,374			—			6,374
Investments measured at NAV ⁽²⁾
Common trusts and 103-12 investments ⁽³⁾			—			—			—			47,399
Total investments at fair value		$	1,568		$	6,374		$	—		$	55,341


		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

(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.