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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities  
Summary of the company's outstanding derivative contracts and their effects on its Consolidated Statements of Financial Position

June 30, 2026

Notional

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Amounts

Assets

Liabilities

Derivatives designated as hedging instruments:

Foreign currency derivatives

$

17,346

$

$

(231)

Commodity derivatives

7,195

64

(376)

Total derivatives

$

64

$

(607)

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)

June 30, 2025

Notional

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Amounts

Assets

Liabilities

Derivatives designated as hedging instruments:

Foreign currency derivatives

$

13,106

$

239

$

-

Commodity derivatives

12,527

85

(715)

Total derivatives

$

324

$

(715)

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

For Quarter Ended June 30, 2026

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

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

$

(153)

$

(64)

$

Commodity derivatives

(487)

(558)

Total

$

(640)

$

(622)

$

For Quarter Ended June 30, 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

$

867

$

8

$

Commodity derivatives

(1,236)

(829)

Total

$

(369)

$

(821)

$

For Year to Date Ended June 30, 2026

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

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

$

(374)

$

(50)

$

Commodity derivatives

(182)

(1,618)

Total

$

(556)

$

(1,668)

$

For Year to Date Ended June 30, 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

$

828

$

(229)

$

Commodity derivatives

(184)

(1,720)

Total

$

644

$

(1,949)

$