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Pension and Other Post Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Funded Status of Company's plans' Reconciled with Amounts Reported in Consolidated Balance Sheets
The following table shows the funded status of the Company’s plans’ reconciled with amounts reported in the Consolidated Balance Sheets as of December 31, 2025 and 2024:
Pension BenefitsOther Post-
Retirement Benefits
2025202420252024
ForeignU.S.TotalForeignU.S.TotalU.S.U.S.
Change in benefit obligation
Gross benefit obligation at beginning of year$131,794 $73,370 $205,164 $144,779 $79,063 $223,842 $1,213 $1,343 
Service cost436 — 436 417 — 417 — — 
Interest cost5,902 3,571 9,473 5,817 3,672 9,489 61 61 
Curtailment gain— — — (19)— (19)— — 
Plan settlements(689)— (689)— — — — — 
Benefits paid(6,674)(6,488)(13,162)(6,377)(6,519)(12,896)(253)(156)
Plan expenses and premiums paid(62)— (62)(36)— (36)— — 
Actuarial (gain) loss(6,716)1,852 (4,864)(6,589)(2,845)(9,434)210 (61)
Translation differences and other14,034 — 14,034 (6,198)(1)(6,199)— 26 
Gross benefit obligation at end of year $138,025 $72,305 $210,330 $131,794 $73,370 $205,164 $1,231 $1,213 
Pension BenefitsOther Post-
Retirement Benefits
2025202420252024
ForeignU.S.TotalForeignU.S.TotalU.S.U.S.
Change in plan assets
Fair value of plan assets at beginning of year$122,963 $59,548 $182,511 $135,387 $60,967 $196,354 $— $— 
Actual return on plan assets(1,445)5,263 3,818 (3,003)1,349 (1,654)— — 
Employer contributions3,397 2,594 5,991 2,043 3,751 5,794 253 156 
Plan settlements(689)— (689)— — — — — 
Benefits paid(6,674)(6,488)(13,162)(6,377)(6,519)(12,896)(253)(156)
Plan expenses and premiums paid(62)— (62)(36)— (36)— — 
Translation differences12,759 — 12,759 (5,051)— (5,051)— — 
Fair value of plan assets at end of year$130,249 $60,917 $191,166 $122,963 $59,548 $182,511 $— $— 
Net benefit obligation recognized$(7,776)$(11,388)$(19,164)$(8,831)$(13,822)$(22,653)$(1,231)$(1,213)
Amounts recognized in the balance sheet consist of:
Non-current assets$2,209 $137 $2,346 $2,245 $— $2,245 $— $— 
Current liabilities(405)(1,542)(1,947)(400)(1,758)(2,158)(179)(170)
Non-current liabilities(9,580)(9,983)(19,563)(10,676)(12,064)(22,740)(1,052)(1,043)
Net benefit obligation recognized$(7,776)$(11,388)$(19,164)$(8,831)$(13,822)$(22,653)$(1,231)$(1,213)
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss:
Prior service cost(280)— (280)(265)— (265)— — 
Accumulated (loss) gain(21,672)4,629 (17,043)(19,775)3,905 (15,870)896 1,199 
AOCI(21,952)4,629 (17,323)(20,040)3,905 (16,135)896 1,199 
Cumulative employer contributions in excess of or (below) net periodic benefit cost14,176 (16,017)(1,841)11,209 (17,727)(6,518)(2,127)(2,412)
Net benefit obligation recognized$(7,776)$(11,388)$(19,164)$(8,831)$(13,822)$(22,653)$(1,231)$(1,213)
Schedule of Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
20252024
ForeignU.S.TotalForeignU.S.Total
Accumulated benefit obligation7,207 11,355 18,562 72,836 73,370 146,206 
Fair value of plan assets2,536 — 2,536 66,838 59,548 126,386 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
Information for pension plans with a projected benefit obligation in excess of plan assets:
20252024
ForeignU.S.TotalForeignU.S.Total
Projected benefit obligation$80,464 $11,513 $91,977 $77,914 $73,370 $151,284 
Fair value of plan assets70,481 — 70,481 66,838 59,548 126,386 
Schedule of Components of Net Periodic Benefit Costs - Pension Plans
Components of net periodic benefit costs – pension plans:
20252024
ForeignU.S.TotalForeignU.S.Total
Service cost$436 $— $436 $417 $— $417 
Interest cost5,902 3,571 9,473 5,817 3,672 9,489 
Expected return on plan assets(5,537)(2,710)(8,247)(5,571)(2,562)(8,133)
Settlement gain(136)— (136)— — — 
Curtailment gain— — — (19)— (19)
Actuarial loss amortization572 23 595 481 24 505 
Prior service cost amortization24 — 24 27 (1)26 
Net periodic benefit cost$1,261 $884 $2,145 $1,152 $1,133 $2,285 
2023
ForeignU.S.Total
Service cost$399 $28 $427 
Interest cost6,083 3,849 9,932 
Expected return on plan assets(5,271)(2,799)(8,070)
Curtailment (gain) loss(213)15 (198)
Actuarial loss amortization388 22 410 
Prior service cost amortization28 34 
Net periodic benefit costs$1,414 $1,121 $2,535 
Components of net periodic benefit costs – other postretirement plan:
202520242023
Interest cost61 61 69 
Actuarial gain amortization(94)(102)(128)
Prior service credit amortization— — (16)
Net periodic benefit costs$(33)$(41)$(75)
Schedule of Other Changes Recognized in Other Comprehensive Income - Pension Plans
Other changes recognized in other comprehensive income – pension plans:
20252024
ForeignU.S.TotalForeignU.S.Total
Net loss (gain) arising during the period$266 $(701)$(435)$1,985 $(1,631)$354 
Settlement gain (loss)130 — 130 — (24)(24)
Actuarial loss(566)(26)(592)(481)— (481)
Curtailment recognition(24)(21)(27)— (27)
Effect of exchange rates on amounts included in AOCI2,105 — 2,105 (908)— (908)
Total recognized in other comprehensive loss (income)1,911 (724)1,187 569 (1,655)(1,086)
Total recognized in net periodic benefit cost and other comprehensive loss (income)$3,172 $160 $3,332 $1,721 $(521)$1,200 
2023
ForeignU.S.Total
Net loss arising during period$8,605 $398 $9,003 
Settlement loss— (23)(23)
Prior service cost— (15)(15)
Actuarial loss(388)(92)(480)
Curtailment recognition(28)— (28)
Effect of exchange rates on amounts included in AOCI560 — 560 
Total recognized in other comprehensive loss8,749 268 9,017 
Total recognized in net periodic benefit cost and other comprehensive loss$10,163 $1,389 $11,552 
Other changes recognized in other comprehensive income – other postretirement benefit plans:
202520242023
Net (loss) gain arising during period$210 $(61)$(150)
Recognition of amortizations in net periodic benefit cost— — — 
Prior service credit— — 16 
Actuarial gain amortization94 102 127 
Total recognized in other comprehensive loss (income)304 41 (7)
Total recognized in net periodic benefit cost and other comprehensive loss (income)$271 $— $(82)
Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations
Weighted-average assumptions used to determine benefit obligations as of December 31, 2025 and 2024:
Pension BenefitsOther Postretirement
Benefits
2025202420252024
U.S. Plans
Discount rate5.21%5.49%4.88%5.34%
Rate of compensation increaseN/AN/AN/AN/A
Foreign Plans
Discount rate4.91%4.64%N/AN/A
Rate of compensation increase3.19%3.33%N/AN/A
Weighted-average assumptions used to determine net periodic benefit costs for the years ended December 31, 2025, 2024 and 2023:
Pension BenefitsOther Postretirement
Benefits
202520242023202520242023
U.S. Plans
Discount rate5.49 %4.94 %5.21 %5.32 %4.87 %5.15 %
Expected long-term return on plan assets5.75 %5.50 %5.50 %N/AN/AN/A
Rate of compensation increaseN/AN/AN/AN/AN/AN/A
Foreign Plans
Discount rate4.53 %4.33 %4.77 %N/AN/AN/A
Expected long-term return on plan assets4.28 %4.20 %4.03 %N/AN/AN/A
Rate of compensation increase3.30 %3.26 %3.38 %N/AN/AN/A
Schedule of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates as of December 31, 2025, 2024 and 2023:
202520242023
Health care cost trend rate for next year7.65 %7.05 %6.87 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.00 %4.00 %4.00 %
Year that the rate reaches the ultimate trend rate205020492048
Schedule of Pension Plan Target Asset Allocation and Pension Plan Investments Measured at Fair Value on Recurring Basis
The Company’s pension plan target asset allocation and the weighted-average asset allocations as of December 31, 2025 and 2024 by asset category were as follows:
Asset CategoryTarget20252024
U.S. Plans
Equity securities20 %21 %27 %
Debt securities80 %79 %71 %
Other— %— %%
Total100 %100 %100 %
Foreign Plans
Equity securities17 %21 %18 %
Debt securities68 %61 %62 %
Other15 %18 %20 %
Total100 %100 %100 %
As of December 31, 2025 and 2024, the U.S. and foreign plans’ investments measured at fair value on a recurring basis were as follows:
Fair Value Measurements at December 31, 2025
Total
Fair Value
Using Fair Value Hierarchy
U.S. Pension AssetsLevel 1Level 2Level 3
Pooled separate accounts$60,917 $— $60,917 $— 
Real estate— — — — 
Subtotal U.S. pension plan assets in fair value hierarchy$60,917 $— $60,917 $— 
Total U.S. pension plan assets$60,917 
Foreign Pension Assets
Cash and cash equivalents$1,417 $1,417 $— $— 
Insurance contract113,184 — — 113,184 
Diversified equity securities - registered investment companies2,625 — 2,625 — 
Fixed income – foreign registered investment companies9,166 — 9,166 — 
Real estate— — — — 
Other - alternative investments$1,321 $— $— $1,321 
Subtotal foreign pension assets in fair value hierarchy$127,713 $1,417 $11,791 $114,505 
Commingled funds measured at NAV2,536 
Total foreign pension assets$130,249 
Total pension assets in fair value hierarchy$188,630 $1,417 $72,708 $114,505 
Total pension assets measured at NAV2,536 
Total pension assets$191,166 
Fair Value Measurements at December 31, 2024
Total
Fair Value
Using Fair Value Hierarchy
U.S. Pension AssetsLevel 1Level 2Level 3
Pooled separate accounts$58,454 $— $58,454 $— 
Real estate1,094 — — 1,094 
Subtotal U.S. pension plan assets in fair value hierarchy$59,548 $— $58,454 $1,094 
Total U.S. pension plan assets$59,548 
Foreign Pension Assets
Cash and cash equivalents$1,014 $1,014 $— $— 
Insurance contract107,797 — — 107,797 
Diversified equity securities - registered investment companies2,045 — 2,045 — 
Fixed income – foreign registered investment companies8,355 — 8,355 — 
Real estate1,717 — — 1,717 
Subtotal foreign pension assets in fair value hierarchy$120,928 $1,014 $10,400 $109,514 
Commingled funds measured at NAV2,035 
Total foreign pension assets$122,963 
Total pension assets in fair value hierarchy$180,476 $1,014 $68,854 $110,608 
Total pension assets measured at NAV2,035 
Total pension assets$182,511 
Schedule of Changes in Fair Value of Plans Level 3 Investments
Changes in the fair value of the plans’ Level 3 investments during the years ended December 31, 2025 and 2024 were as follows:
Insurance
Contract
Real EstateTotal
Balance as of December 31, 2023$118,393 $5,918 $124,311 
Sales(1,310)(2,952)(4,262)
Unrealized losses(4,620)(128)(4,748)
Currency translation adjustment(4,666)(27)(4,693)
Balance as of December 31, 2024107,797 2,811 110,608 
Sales(1,023)(1,098)(2,121)
Unrealized losses(4,968)(507)(5,475)
Currency translation adjustment11,378 115 11,493 
Balance as of December 31, 2025$113,184 $1,321 $114,505 
Schedule of Expected Benefit Payments
Excluding any impact related to the PPA noted above, the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Pension BenefitsOther Post-
Retirement
Benefits
ForeignU.S.Total
2026$7,246 $7,882 $15,128 $179 
20277,500 6,272 13,772 157 
20287,707 6,202 13,909 145 
20298,605 6,102 14,707 133 
20309,309 5,956 15,265 122 
2031 to 203548,766 27,742 76,508 468