v3.25.4
Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Accrued Expenses
Accrued expenses consist of the following at December 31, 2025 and 2024 (in thousands):
December 31,
20252024
Employee benefits, payroll and related taxes$140,208 $157,153 
Deferred revenue(a)
93,090 2,115 
Other(b)(c)
288,533 308,729 
Total$521,831 $467,997 
(a)Deferred revenue expected to be recognized within Net sales over the next 12 months, primarily relating to the receipt of $350 million from a customer for the delivery of specified amounts of spodumene and lithium salts. See Note 14, “Other Noncurrent Liabilities,” for further details.
(b)Other accrued expenses represent balances such as operating lease liabilities, environmental reserves, asset retirement obligations, pension obligations, interest, utilities, other taxes, among other liabilities, expected to be paid within the next 12 months. No individual component exceeds 5% of total current liabilities.
(c)See Note 17, “Restructuring Charges and Asset Write-offs,” for details of the restructuring liability balance recorded in Accrued liabilities.