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Lease Commitments | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Lease Commitments | LEASES The Company's leases mainly include buildings for its facilities worldwide and vehicles leases, which are all classified as operating leases. Certain lease agreements include rental payments that are adjusted periodically for the consumer price index (“CPI”). The right of use (ROU) and lease liability were calculated using the initial CPI and will not be subsequently adjusted unless the liability is reassessed. Certain lease agreements provide one or more options to renew. When determining lease terms, the Company uses the non-cancellable period of the leases and do not assume renewals unless it is reasonably certain that the Company will exercise that option. The renewal options were included in the ROU and include renewal options that are under the Company's sole discretion. The interest rate used to determine the present value of the future lease payments is the Company’s incremental borrowing rate, because the interest rate implicit in the Company’s leases is not readily determinable. The Company’s incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. A. Supplemental Consolidated Statement of Financial Position information related to leases was as follows:
| December 31, 2025 |  | December 31, 2024
Operating lease right of use assets | $ | 515,620 |  |  | $ | 527,075 |
Current portion of operating lease liabilities | 98,464 |  |  | 84,912 |
Non-current portion of operating lease liabilities | 476,737 |  |  | 454,057 |
Total operating lease liabilities | $ | 575,201 |  |  | $ | 538,969 |
Weighted average remaining lease term (years) | 4.61 |  | 4.63
Weighted average discount rate | 4.31% |  | 4.12%
B. For the years ended December 31, 2025, 2024 and 2023, cash payments against operating lease liabilities totaled approximately $116,212, $98,318 and $89,251, respectively, and non-cash transactions to recognize operating assets and liabilities for new leases totaled approximately $58,223, $194,863 and $101,971, respectively. Maturities of o perating lease liabilities for the next five years are as follows:
| December 31, 2025
2026 | $ | 120,729 |
2027 | 89,281 |
2028 | 66,057 |
2029 | 57,318 |
2030 | 54,812 |
2031 and thereafter | $ | 339,486 |
Total lease payments | $ | 727,683 |
Less imputed interest | 152,482 |
Total | $ | 575,201 |
C. Lease expenses for the years ended December 31, 2025, 2024 and 2023 amounted to $116,501, $107,678 and $94,296, respectively. D. The Company has lease income for the years ended December 31, 2025, 2024 and 2023 amounted to $12,297, $12,220 and $8,338, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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