v3.26.1
Employee benefits
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Employee benefits
Note 10. Employee benefits
The Company operates defined benefit plans in Austria and in certain other jurisdictions.
Defined Benefit Plans
As of June
 30, 2026 and December 31, 2025, the net defined benefit liability was $31.1 million and $31.6 
million
, respectively, and is included within employee benefits in Note 19 – Other liabilities. The net liability from defined benefit plans is recorded in Other liabilities in the consolidated statements of financial position.
The Company expects to make the following benefit payments under its defined benefit plans in Austria for the next five fiscal years and in aggregate for the five fiscal years afterwards: approximately $
0.8 million in 2026, $0.7 million in 2027, $1.3 million in 2028, $1.6 million in 2029, $3.3 million in 2030, and $14.0 million in the period 2031 through 2035.
Defined Contribution Plans
The Company operates defined contribution plans in Austria, in the United States and in certain other jurisdictions.
The cost incurred related
 to the Company’s defined contribution plans
i
n
 
A
u
s
t
r
i
a
 
amounted to $11.6 million and $10.1 million for the three months ended
June 30, 2026 and 2025,
 and $23.5 million and $19.9 million for the six months ended June 30, 2026 and 2025,
respectively.
The cost incurred related to
 the Company’s defined contribution plans in the United States amounted to $3.3 million and $2.5 million for the three months ended June 30, 2026 and 2025, and $4.3 million and $3.3 million for the six months ended June 30, 2026 and 2025, respectively.