Commitments and Contingent Liabilities

9 Months Ended

Sep. 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 September 30, 2024 equaled $15,909, of which approximately one-half serves as collateral for the IRB debt. Outstanding surety bonds as of September 30, 2024 approximated $3,351 (SEK 33,900), which guarantee certain obligations under a credit insurance arrangement for certain of the Corporation’s foreign pension commitments.

At September 30, 2024, commitments for future capital expenditures approximated $6,000.

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