Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

Note 9 – Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit and bank guarantees as of March 31, 2025 equaled $15,344, of which approximately one-half serves as collateral for the IRB debt. Outstanding surety bonds as of March 31, 2025 approximated $3,384 (SEK 33,900), which guarantee certain obligations under a credit insurance arrangement for certain of the Corporation’s foreign pension commitments.

At March 31, 2025, commitments for future capital expenditures approximated $5,200.

See Note 12 for derivative instruments, Note 15 for litigation and Note 16 for environmental matters.