Commitments and Contingent Liabilities

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

Note 8 – Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit and bank guarantees as of June 30, 2024 equaled $16,667, of which approximately one-half serves as collateral for the IRB debt. Outstanding surety bonds as of June 30, 2024 approximated $3,197 (SEK 33,900), which guarantee certain obligations under a credit insurance arrangement for certain of the Corporation’s foreign pension commitments.

At June 30, 2024, commitments for future capital expenditures approximated $3,800.

See Note 11 for derivative instruments, Note 15 for litigation and Note 16 for environmental matters.