| Supplemental Information Related to Consolidated Statements of Cash Flows |
Supplemental information related to the consolidated statements of cash flows is as follows (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Cash paid during the year for: | | | | | | Income taxes (net of refunds of $159,392, $67,132 and $31,386 in 2025, 2024 and 2023, respectively) | $ | 152,482 | | | $ | 262,845 | | | $ | 319,391 | | | Interest (net of capitalization) | $ | 180,705 | | | $ | 150,689 | | | $ | 101,978 | | | | | | | | | Supplemental non-cash disclosures related to investing and financing activities: | | | | | | | Capital expenditures included in Accounts payable | $ | 120,366 | | | $ | 197,951 | | | $ | 494,029 | | | | | | | | Common stock issued for annual incentive bonus plan(a) | $ | — | | | $ | 11,545 | | | $ | — | | | | | | | |
(a) During the first quarter of 2024, the Company issued 95,003 shares of common stock to certain employees in lieu of cash as payment of a portion of their 2023 annual incentive bonus plan. Following the adoption and prospective application of ASU 2023-09, income taxes paid (net of refunds) are composed of the following (in thousands): | | | | | | | | | | | Year Ended | | December 31, 2025 | | | | | | Federal income taxes paid (net of refunds) | $ | 23,459 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | State income taxes paid (net of refunds)(a) | (1,645) | | | | | | | Foreign | | | | | | | Australia | (33,377) | | | | | | | Belgium | (10,627) | | | | | | | Canada | 7,762 | | | | | | | Chile | 113,485 | | | | | | | China | 5,784 | | | | | | | Germany | 13,825 | | | | | | | Japan | 12,427 | | | | | | | Netherlands | 3,712 | | | | | | | Taiwan | 10,195 | | | | | | | | | | | | | Other | 7,482 | | | | | | | Total foreign income taxes paid (net of refunds) | 130,668 | | | | | | | Total income taxes paid (net of refunds) | $ | 152,482 | | | | | |
(a)Income taxes paid to state jurisdictions are individually immaterial.
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