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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2025
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Summary of the company's outstanding derivative contracts and their effects on its Consolidated Statements of Financial Position

December 31, 2025

 

  ​ ​ ​

Notional

  ​ ​ ​

  ​ ​ ​

 

Amounts

Assets

Liabilities

 

Derivatives designated as hedging instruments:

Foreign currency derivatives

$

17,498

$

92

$

Commodity derivatives

 

14,591

 

 

(1,748)

Total derivatives

$

92

$

(1,748)

December 31, 2024

 

  ​ ​ ​

Notional

  ​ ​ ​

  ​ ​ ​

 

Amounts

Assets

Liabilities

 

Derivatives designated as hedging instruments:

Foreign currency derivatives

$

26,129

$

$

(818)

Commodity derivatives

 

20,959

 

39

 

(2,205)

Total derivatives

$

39

$

(3,023)

Summary of the effects of derivative instruments on the Consolidated Statement of Earnings, Comprehensive Earnings and Retained Earnings

For Year Ended December 31, 2025

 

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Gain (Loss)

 

Gain (Loss)

on Amount Excluded

 

Gain (Loss)

Reclassified from

from Effectiveness

 

Recognized

Accumulated OCI

Testing Recognized

 

in OCI

into Earnings

in Earnings

 

Foreign currency derivatives

$

646

$

(264)

$

Commodity derivatives

 

(1,413)

 

(1,832)

 

Total

$

(767)

$

(2,096)

$

For Year Ended December 31, 2024

 

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Gain (Loss)

 

Gain (Loss)

on Amount Excluded

 

Gain (Loss)

Reclassified from

from Effectiveness

 

Recognized

Accumulated OCI

Testing Recognized

 

in OCI

into Earnings

in Earnings

 

Foreign currency derivatives

$

(1,348)

$

(228)

$

Commodity derivatives

 

(1,337)

 

(1,697)

 

Total

$

(2,685)

$

(1,925)

$