FAIR VALUE

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE

FAIR VALUE

The tables below present information about items that are carried at fair value at December 31, 2025 and 2024:

		Fair value Measurement as of December 31, 2025
	Description	Balance		Level 1		Level 2
Assets:
	Derivatives (1)	$	9	$	—	$	9
	Money market funds/mutual funds	113		113		—
	Total	$	122	$	113	$	9
Liabilities:
	Derivatives (1)	$	540	$	—	$	540
	Total	$	540	$	—	$	540

		Fair Value Measurement as of December 31, 2024
	Description	Balance		Level 1		Level 2
Assets:
	Derivatives (1)	$	58	$	—	$	58
	Money market funds/mutual funds	108		108		—
	Total	$	166	$	108	$	58
Liabilities:
	Derivatives (1)	$	216	$	—	$	216
	Total	$	216	$	—	$	216

(1)Represents fair value of certain derivative contracts as more fully described in Note 6 to the consolidated financial statements.

The following are descriptions of the methodologies utilized by the Company to estimate the fair value of its derivative contracts, money market mutual funds and mutual funds:

Derivatives:

In determining the fair value of the derivative contracts in the tables above, the Company utilizes industry standard valuation models. Where applicable, these models project future cash flows and discount the future amounts to a present value using spot rates, forward points, currency volatilities, interest rates as well as the risk of non-performance of the Company and the counterparties with whom it has derivative contracts. The Company established strict counterparty credit guidelines and only enters into transactions with financial institutions that adhere to these guidelines. Accordingly, the risk of counterparty default is deemed to be minimal.

Money market funds and mutual funds:

The money market funds and mutual funds in the tables above are deemed to be equity securities with readily determinable fair values with changes in fair value recognized through net income under ASC Topic 321. The fair value of these instruments is determined using Level 1 inputs as defined in the ASC Topic 820.