v3.26.1
DERIVATIVES (Tables)
6 Months Ended
Jun. 30, 2026
DERIVATIVES  
Schedule of fair values of derivative instruments on the Company's Condensed Consolidated Balance Sheets

June 30, 2026

December 31, 2025

Other

Other

Other

Other

Current

Current

Other

Other

Current

Current

Other

Other

Derivatives by hedge designation

Assets

  ​ ​ ​

Liabilities

  ​ ​ ​

Assets

  ​ ​ ​

Liabilities

  ​ ​ ​

Assets

  ​ ​ ​

Liabilities

  ​ ​ ​

Assets

  ​ ​ ​

Liabilities

Designated as hedging instruments:

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Foreign exchange contracts

$

1,693

$

187

$

$

$

2,149

$

289

$

$

Net investment contracts

7,254

528

102

12,529

Not designated as hedging instruments:

 

Foreign exchange contracts

 

1,127

1,323

 

582

 

470

 

 

Total derivatives

$

10,074

$

2,038

$

$

$

2,833

$

13,288

$

$

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

Three Months Ended June 30, 

Six Months Ended June 30, 

Derivatives by hedge designation

  ​ ​ ​

Classification of gain (loss)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Not designated as hedges:

  ​

  ​

 

  ​

  ​

 

  ​

Foreign exchange contracts

Selling, general & administrative expenses

$

1,640

$

13,625

$

(1,714)

$

21,958

Schedule of effects of designated hedges on AOCI and the Company's Consolidated Statements of Income

  ​ ​ ​

Total gain (loss) recognized in AOCI, net of tax

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Foreign exchange contracts

$

993

$

1,396

Forward starting swap agreements

15,195

16,291

Net investment contracts

(1,079)

 

(5,721)

Gain (loss) recognized in the

Three Months Ended June 30, 

Six Months Ended June 30, 

Derivative type

  ​ ​ ​

Consolidated Statements of Income:

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Foreign exchange contracts

 

Sales

$

1,041

$

378

$

2,513

$

(335)

 

Cost of goods sold

 

132

 

182

 

1,691

 

543

Forward starting swap agreements

Interest expense, net

689

689

1,378

1,378