The carrying amounts of the major classes of assets and liabilities that were classified as held for sale at December 31, 2025 were as follows (in thousands): | | | | | | | December 31, 2025 | | Assets | | | | | Trade accounts receivable | $ | 179,502 | | | Inventories | 188,750 | | | Other current assets | 3,563 | | | Current assets held for sale | 371,815 | | | Property, plant and equipment, at cost | 1,043,529 | | | Less accumulated depreciation and amortization | 645,438 | | | Net property, plant and equipment | 398,091 | | Investments(a) | 64,125 | | | Other intangibles, net of amortization and other noncurrent assets | 29,444 | | | Noncurrent assets held for sale | 491,660 | | | Total assets held for sale | $ | 863,475 | | | Liabilities | | | Accounts payable to third parties | $ | 116,397 | | | Accrued expenses and other current liabilities | 75,356 | | | Current liabilities held for sale | 191,753 | | | Deferred income taxes | 44,311 | | | Other noncurrent liabilities | 15,659 | | | Noncurrent liabilities held for sale | 59,970 | | | Total liabilities held for sale | $ | 251,723 | |
(a) Does not include the Company’s Eurecat investments of $81.9 million, which are not part of the Refining Solutions business transaction or classified as held for sale.
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