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Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Methods and Assumptions Used in Estimating Fair Value
The below methods and assumptions were used by the Company in estimating the fair values of its financial instruments. There were no transfers of assets or liabilities between levels in any period presented.

Financial InstrumentFair Value
Level
Methods and Assumptions
Deferred compensation plan assets and liabilitiesLevel 1The fair value of the Company’s nonqualified deferred compensation plan for certain executives and other highly compensated employees is based on the fair values of associated assets and liabilities, which are held in mutual funds and are based on the quoted market prices of the securities held within the mutual funds.
Pension plan assetsLevel 1The fair values of the Company’s Level 1 pension plan assets, which are equity securities and fixed income investment vehicles, are valued using the quoted market prices of those securities which are actively traded on national exchanges.
Short-term investmentsLevel 1The fair values of the Company’s Level 1 short-term investments, which are U.S. Treasury securities, corporate bonds and asset-backed securities, are based on the quoted market prices of those securities which are actively traded on national exchanges.
Pension plan assetsLevel 2The fair values of the Company’s Level 2 pension plan assets, which are investments that are pooled with other investments in a commingled fund, are valued using the net asset value produced by the fund manager. The assets within the commingled funds have a readily determinable fair market value.
Short-term investmentsLevel 2The fair values of the Company’s Level 2 short-term investments, which are commercial paper instruments, are based on estimated current market prices and have readily determinable fair market values.
Commodity derivative instrumentsLevel 2The fair values of the Company’s commodity derivative instruments are based on current settlement values at each balance sheet date, which represent the estimated amounts the Company would have received or paid upon termination of those instruments. The Company’s credit risk related to the commodity derivative instruments is managed by requiring high standards for its counterparties and periodic settlements. The Company considers nonperformance risk in determining the fair values of commodity derivative instruments.
DebtLevel 2The carrying amounts of the Company’s variable rate debt approximate the fair values due to variable interest rates with short reset periods. The fair values of the Company’s fixed rate debt are based on estimated current market prices.
Acquisition related contingent considerationLevel 3The fair value of the Company’s acquisition related contingent consideration is based on internal forecasts and the WACC derived from market data.
Schedule of Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration
The following tables summarize the carrying amounts and the fair values by level of the Company’s deferred compensation plan assets and liabilities, short-term investments, pension plan assets, commodity derivative instruments, debt and acquisition related contingent consideration:

 December 31, 2025
(in thousands)Carrying
Amount
Total
Fair Value
Fair Value
Level 1
Fair Value
Level 2
Fair Value
Level 3
Assets:     
Deferred compensation plan assets$95,195 $95,195 $95,195 $— $— 
Pension plan assets58,536 58,536 41,304 17,232 — 
Commodity derivative instruments4,242 4,242 — 4,242 — 
Liabilities:
Deferred compensation plan liabilities95,195 95,195 95,195 — — 
Debt2,786,009 2,848,500 — 2,848,500 — 
Acquisition related contingent consideration717,908 717,908 — — 717,908 
Commodity derivative instruments42 42 — 42 — 

 December 31, 2024
(in thousands)Carrying
Amount
Total
Fair Value
Fair Value
Level 1
Fair Value
Level 2
Fair Value
Level 3
Assets:     
Deferred compensation plan assets$81,123 $81,123 $81,123 $— $— 
Short-term investments301,210 301,210 283,547 17,663 
Pension plan assets49,617 49,617 34,655 14,962 — 
Commodity derivative instruments2,472 2,472 — 2,472 — 
Liabilities:
Deferred compensation plan liabilities81,123 81,123 81,123 — — 
Debt1,786,348 1,803,500 — 1,803,500 — 
Acquisition related contingent consideration654,191 654,191 — — 654,191 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation A summary of the Level 3 activity is as follows:
 Fiscal Year
(in thousands)20252024
Beginning balance - Level 3 liability$654,191 $669,337 
Payments of acquisition related contingent consideration(68,884)(64,312)
Reclassification to current payables700 (10,000)
Increase in fair value131,901 59,166 
Ending balance - Level 3 liability$717,908 $654,191