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PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Obligations, Plan Assets, and Funded Status
A summary of the changes in benefit obligations, plan assets, and funded status of these plans is as follows:
Pension Benefits Other Benefits 
December 31,2025202420252024
Change in benefit obligation
Projected benefit obligation at beginning of year$778,682 $822,035 $95,963 $100,311 
Service cost13,897 15,323 114 131 
Interest cost35,877 38,675 4,928 4,852 
Actuarial (gain) loss18,974 (5,337)20,668 4,845 
Settlement(70,647)(64,665)(2,762)— 
Currency translation and other4,074 (5,008)515 (2,143)
Benefits paid(23,383)(22,341)(11,805)(12,033)
Projected benefit obligation at end of year757,474 778,682 107,621 95,963 
Change in plan assets
Fair value of plan assets at beginning of year779,977 836,843 — — 
Actual return on plan assets85,069 30,626 — — 
Employer contributions3,862 3,566 11,805 12,033 
Settlement(70,647)(64,665)(3,070)— 
Annuity purchase— — 3,070 — 
Currency translation and other3,368 (4,052)— — 
Benefits paid(23,383)(22,341)(11,805)(12,033)
Fair value of plan assets at end of year778,246 779,977 — — 
Funded status at end of year
$20,772 $1,295 $(107,621)$(95,963)
Amounts recognized in the Consolidated Balance Sheets:
Other assets$64,520 $41,298 $— $— 
Accrued liabilities(761)(6,166)(9,520)(8,957)
Other long-term liabilities(42,987)(33,837)(98,101)(87,006)
Total$20,772 $1,295 $(107,621)$(95,963)
Amounts recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Actuarial net (loss) gain$(86,073)$(117,030)$(24,563)$(10,903)
Net prior service credit2,091 4,631 926 1,205 
Net amounts recognized in AOCI$(83,982)$(112,399)$(23,637)$(9,698)
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets
Plans with accumulated benefit obligations in excess of plan assets were as follows:  
December 31,20252024
Projected benefit obligation
$51,425 $46,812 
Accumulated benefit obligation44,640 41,853 
Fair value of plan assets
8,104 7,138 
Schedule of Accumulated Projected Benefit Obligations in Excess of Plan Assets
Plans with projected benefit obligations in excess of plan assets were as follows:  
December 31,20252024
Projected benefit obligation
$54,486 $49,539 
Accumulated benefit obligation45,835 42,897 
Fair value of plan assets
10,738 9,536 
Schedule of Components of Net Periodic Benefit Cost
The components of net periodic benefit cost were as follows:  
Pension BenefitsOther Benefits
For the years ended December 31,202520242023202520242023
Amounts recognized in net periodic benefit cost
Service cost$13,897 $15,323 $14,991 $114 $131 $221 
Interest cost35,877 38,675 41,205 4,928 4,852 7,171 
Expected return on plan assets(48,178)(51,193)(48,978)— — — 
Amortization of prior service credit(3,558)(5,493)(5,658)(387)(151)(50)
Amortization of net (gain) loss 12,793 15,248 19,846 1,254 557 (966)
Curtailment credit— — — — — (740)
Settlement loss12,443 14,894 15,254 — — 926 
Total net periodic benefit cost$23,274 $27,454 $36,660 $5,909 $5,389 $6,562 
Change in plan assets and benefit obligations recognized in AOCI, pre-tax
Actuarial net (gain) loss$(42,728)$(15,513)$(32,720)$19,535 $4,609 $38,698 
Prior service cost (credit)3,559 5,436 5,670 382 (963)(736)
Total recognized in other comprehensive (income) loss, pre-tax
$(39,169)$(10,077)$(27,050)$19,917 $3,646 $37,962 
Net amounts recognized in periodic benefit cost and AOCI$(15,895)$17,377 $9,610 $25,826 $9,035 $44,524 
Schedule of Weighted-Average Assumptions Used in Computing the Benefit Obligation
The weighted-average assumptions used in computing the year end benefit obligations were as follows:
Pension Benefits Other Benefits
December 31,2025202420252024
Discount rate
5.2 %5.5 %5.5 %5.7 %
Rate of increase in compensation levels
3.4 %3.6 %4.0 %4.0 %
Interest crediting rate
4.5 %4.6 %N/AN/A
The weighted-average assumptions used in computing net periodic benefit cost were as follows:  
Pension BenefitsOther Benefits
For the years ended December 31,202520242023202520242023
Discount rate
5.5 %5.1 %5.5 %5.7 %5.2 %5.5 %
Expected long-term return on plan assets6.7 %6.6 %6.2 %N/AN/AN/A
Rate of compensation increase
3.6 %3.6 %3.4 %N/AN/AN/A
Schedule of Allocation of Plan Assets Our target asset allocation for our major domestic pension plans as of December 31, 2025 was as follows:
Asset ClassTarget Asset Allocation 
Cash
1%
Equity securities
27%
Fixed income securities
48%
Alternative investments, including real estate, listed infrastructure and other
24%
The following table sets forth by level, within the fair value hierarchy (as defined in Note 6), pension plan assets at their fair values as of December 31, 2025:
Quoted prices in active
markets of identical assets
(Level 1)
Significant other observable inputs
(Level 2)
Significant other unobservable inputs
(Level 3)
Investments Using NAV as a Practical Expedient
(1)

Total
Cash and cash equivalents$741 $24,284 $— $604 $25,629 
Equity securities:
International all-cap— — — 494 494 
Global all-cap (a)— — — 217,175 217,175 
Fixed income securities:
U.S. government/agency— — — 159,061 159,061 
Corporate bonds (b)— — — 55,895 55,895 
International government/corporate bonds (c)— — — 29,866 29,866 
Diversified credit (d)— — — 105,102 105,102 
Alternative investments:
Global diversified assets (e)— — — 68,053 68,053 
Real assets fund (f)— — — 116,971 116,971 
Total pension plan assets$741 $24,284 $— $753,221 $778,246 
The following table sets forth by level, within the fair value hierarchy, pension plan assets at their fair values as of December 31, 2024:
Quoted prices in active
markets of identical assets
(Level 1)
Significant other observable inputs
(Level 2)
Significant other unobservable inputs
(Level 3)
Investments Using NAV as a Practical Expedient
(1)
Total
Cash and cash equivalents
$981 $32,404 $— $598 $33,983 
Equity securities:
International all-cap— — — 483 483 
Global all-cap (a)— — — 204,421 204,421 
Fixed income securities:
U.S. government/agency— — — 156,146 156,146 
Corporate bonds (b)
— — — 59,602 59,602 
International government/corporate bonds (c)— — — 27,303 27,303 
Diversified credit (d)— — — 120,259 120,259 
Alternative investments:
Global diversified assets (e)
— — — 63,497 63,497 
Real assets fund (f)— — — 114,283 114,283 
Total pension plan assets
$981 $32,404 $— $746,592 $779,977 

(1)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in our Obligations and Funded Status table.
(a)This category comprises equity funds that primarily track the MSCI World Index or MSCI All Country World Index.
(b)This category comprises fixed income funds primarily invested in investment grade and high yield bonds.
(c)This category comprises fixed income funds primarily invested in Canadian and other international bonds.
(d)This category comprises fixed income funds primarily invested in high yield bonds, loans, securitized debt and emerging market debt.
(e)This category comprises diversified funds invested across alternative asset classes.
(f)
This category comprises funds primarily invested in publicly traded real estate securities, publicly listed infrastructure securities and real estate debt.
Schedule of Expected Benefit Payments
Total benefit payments expected to be paid to plan participants, including pension benefits funded from the plans and other benefits funded from Company assets, are as follows:
Expected Benefit Payments
202620272028202920302031-2035
Pension Benefits
$114,162 $103,662 $70,940 $68,700 $63,190 $278,650 
Other Benefits
9,520 9,139 8,828 8,627 8,010 36,289