v3.25.4
Other Noncurrent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Other Liabilities, Noncurrent [Abstract]  
Other Noncurrent Liabilities
Other noncurrent liabilities consist of the following at December 31, 2025 and 2024 (in thousands):
December 31,
20252024
Transition tax on foreign earnings(a)
$— $44,647 
Operating leases(b)
103,110 99,514 
Liabilities related to uncertain tax positions(c)
259,199 259,586 
Executive deferred compensation plan obligation30,750 38,243 
Environmental liabilities(d)
16,301 15,783 
Asset retirement obligations(d)
94,627 94,854 
Tax indemnification liability(e)
12,089 12,567 
Deferred revenue340,527 78,027 
Capital expenditure incentive payables(f)
159,424 74,506 
Other(g)
68,865 101,477 
Total$1,084,892 $819,204 
(a)Noncurrent portion of one-time transition tax on foreign earnings. The Company expects to make the final payment in 2026. See Note 20, “Income Taxes,” for additional information.
(b)See Note 18, “Leases.”
(c)See Note 20, “Income Taxes.”
(d)See Note 15, “Commitments and Contingencies.”
(e)Indemnification of certain income and non-income tax liabilities, primarily associated with the Chemetall Surface Treatment entities sold in 2016.
(f)When constructing new facilities or making major enhancements to existing facilities, we may have the opportunity to enter into incentive agreements with local government agencies in order to reduce certain state and local tax expenditures. Under these agreements, we transfer the related assets to various local government entities and receive bonds. We immediately lease the facilities from the local government entities and have an option to repurchase the facilities for a nominal amount upon tendering the bonds to the local government entities at various predetermined dates. The bonds and the associated obligations for the leases of the facilities offset values, and the underlying assets are recorded in property, plant and equipment.
(g)No individual component exceeds 5% of total liabilities.