XML 80 R52.htm IDEA: XBRL DOCUMENT v3.25.0.1
Other Noncurrent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Other Liabilities, Noncurrent [Abstract]  
Other Noncurrent Liabilities
Other noncurrent liabilities consist of the following at December 31, 2024 and 2023 (in thousands):
December 31,
20242023
Transition tax on foreign earnings(a)
$44,647 $127,339 
Operating leases(b)
99,514 113,681 
Liabilities related to uncertain tax positions(c)
259,586 220,555 
Executive deferred compensation plan obligation38,243 33,564 
Environmental liabilities(d)
15,783 23,224 
Asset retirement obligations(d)
94,854 88,703 
Tax indemnification liability(e)
12,567 14,481 
Deferred revenue78,027 78,027 
Capital expenditure incentive payables(f)
74,506 14,264 
Other(g)
101,477 55,262 
Total$819,204 $769,100 
(a)Noncurrent portion of one-time transition tax on foreign earnings. See Note 20, “Income Taxes,” for additional information.
(b)See Note 18, “Leases.”
(c)See Note 20, “Income Taxes.”
(d)See Note 15, “Commitments and Contingencies.”
(e)Indemnification of certain income and non-income tax liabilities, primarily associated with the Chemetall Surface Treatment entities sold in 2017.
(f)When constructing new facilities or making major enhancements to existing facilities, we may have the opportunity to enter into incentive agreements with local government agencies in order to reduce certain state and local tax expenditures. Under these agreements, we transfer the related assets to various local government entities and receive bonds. We immediately lease the facilities from the local government entities and have an option to repurchase the facilities for a nominal amount upon tendering the bonds to the local government entities at various predetermined dates. The bonds and the associated obligations for the leases of the facilities offset values, and the underlying assets are recorded in property, plant and equipment.
(g)No individual component exceeds 5% of total liabilities.