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LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense were as follows:
Lease expenseClassification202520242023
Operating lease costCost of sales or SM&A (1)$62,033 $53,141 $48,577 
Finance lease cost:
Amortization of ROU assetsDepreciation and amortization (1)8,598 9,017 8,140 
Interest on lease liabilitiesInterest expense, net4,549 4,702 4,593 
Net lease cost (2)$75,180 $66,860 $61,310 
(1)Supply chain-related amounts were included in cost of sales.
(2)Net lease cost does not include short-term leases, variable lease costs or sublease income, all of which are immaterial.
Information regarding our lease terms and discount rates were as follows:
20252024
Weighted-average remaining lease term (years)
Operating leases10.212.4
Finance leases25.225.9
Weighted-average discount rate
Operating leases4.6 %3.7 %
Finance leases6.3 %6.3 %
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases were as follows:
LeasesClassification20252024
Assets
Operating lease ROU assetsOther non-current assets$325,345 $337,739 
Finance lease ROU assets, at costProperty, plant and equipment, gross83,714 87,999 
Accumulated amortizationAccumulated depreciation(26,073)(25,515)
Finance lease ROU assets, netProperty, plant and equipment, net57,641 62,484 
Total leased assets$382,986 $400,223 
Liabilities
Current
OperatingAccrued liabilities$49,583 $40,636 
FinanceCurrent portion of long-term debt4,499 5,666 
Non-current
OperatingOther long-term liabilities285,925 304,767 
FinanceLong-term debt69,011 68,136 
Total lease liabilities$409,018 $419,205 
December 31,20252024
Inventories:
Raw materials$762,391 $477,592 
Goods in process294,374 204,674 
Finished goods1,074,690 990,785 
Inventories at FIFO2,131,455 1,673,051 
Adjustment to LIFO(702,201)(418,957)
Total inventories$1,429,254 $1,254,094 
Prepaid expenses and other:
Prepaid expenses$201,527 $269,792 
Other current assets302,712 704,423 
Total prepaid expenses and other$504,239 $974,215 
Property, plant and equipment:
Land$199,559 $194,502 
Buildings2,102,794 1,991,937 
Machinery and equipment4,515,447 4,147,530 
Construction in progress324,998 478,842 
Property, plant and equipment, gross7,142,798 6,812,811 
Accumulated depreciation(3,613,190)(3,353,958)
Property, plant and equipment, net$3,529,608 $3,458,853 
Other non-current assets:
Pension$64,520 $41,298 
Capitalized software, net351,285367,087 
Operating lease ROU assets325,345 337,739 
Investments in unconsolidated affiliates176,567 212,928 
Other non-current assets205,568 152,815 
Total other non-current assets$1,123,285 $1,111,867 
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheet accounts are as follows:
December 31,20252024
Accounts Payable:
Accounts Payable—trade$831,204 $807,918 
Supplier finance program obligations300,332215,122
Other124,165136,137
Total accounts payable$1,255,701 $1,159,177 
Accrued liabilities:
Payroll, compensation and benefits$311,241 $226,774 
Advertising, promotion and product allowances373,940 359,986 
Operating lease liabilities49,583 40,636 
Other235,833 179,945 
Total accrued liabilities$970,597 $807,341 
Other long-term liabilities:
Post-retirement benefits liabilities$98,101 $87,006 
Pension benefits liabilities42,987 33,837 
Operating lease liabilities285,925 304,767 
Other304,904 262,649 
Total other long-term liabilities$731,917 $688,259 
Accumulated other comprehensive loss:
Foreign currency translation adjustments$(136,508)$(177,741)
Pension and post-retirement benefit plans, net of tax(107,620)(122,098)
Cash flow hedges, net of tax(3,222)(4,051)
Total accumulated other comprehensive loss$(247,350)$(303,890)
Schedule of Maturity of Operating Lease Liabilities
The maturity of our lease liabilities as of December 31, 2025 were as follows:
Operating leasesFinance leasesTotal
2026$63,391 $8,867 $72,258 
202761,286 6,931 68,217 
202842,707 5,714 48,421 
202938,761 4,381 43,142 
203032,025 4,313 36,338 
Thereafter190,481 129,333 319,814 
Total lease payments428,651 159,539 588,190 
Less: Imputed interest93,143 86,029 179,172 
Total lease liabilities$335,508 $73,510 $409,018 
Schedule of Maturity of Finance Lease Liabilities
The maturity of our lease liabilities as of December 31, 2025 were as follows:
Operating leasesFinance leasesTotal
2026$63,391 $8,867 $72,258 
202761,286 6,931 68,217 
202842,707 5,714 48,421 
202938,761 4,381 43,142 
203032,025 4,313 36,338 
Thereafter190,481 129,333 319,814 
Total lease payments428,651 159,539 588,190 
Less: Imputed interest93,143 86,029 179,172 
Total lease liabilities$335,508 $73,510 $409,018 
Schedule of Supplemental Cash Flow Information Related To Leases
Supplemental cash flow and other information related to leases were as follows:
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$59,382 $48,757 $45,176 
Operating cash flows from finance leases$4,549 $4,702 $4,593 
Financing cash flows from finance leases$6,328 $6,507 $5,381 
ROU assets obtained in exchange for lease liabilities:
Operating leases$34,640 $71,804 $18,469 
Finance leases$5,740 $3,875 $7,448