GUARANTEES

12 Months Ended

Dec. 31, 2025

Guarantees [Abstract]

GUARANTEES

GUARANTEES

    We provide financial guarantees as required by creditors, insurance programs, and various governmental agencies.

As of December 31, 2025, the following financial guarantees were outstanding: 

Financial Commitments (a)	Maximum Potential Payment
Standby letter of credit (b)	$650
Surety bonds (c)	39,981
Total financial commitments	$40,631

(a)We have not recorded any liabilities for these financial commitments in the Consolidated Balance Sheets. The guarantees are not subject to measurement, as the guarantees are dependent on our own performance.

(b)The letter of credit supports various insurance related agreements. This letter of credit will expire in 2026 and will be renewed as required.

(c)Surety bonds primarily secure performance obligations for various operational activities and provide collateral for our Wildlight (Nassau County, Florida) and Heartwood (Richmond Hill, Georgia) development projects, as well as environmental remediation activities at Port Gamble (Kitsap County, Washington). These bonds provide financial assurance to regulatory agencies and municipalities that we will complete specified infrastructure and restoration work. Our surety bonds expire at various dates through 2028 and are expected to be renewed as required to meet ongoing obligations.