Inventories |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | Note 9. Inventories
The following table sets forth the components of the Company’s inventories at June 30, 2026 and December 31, 2025.
Inventory values, before last-in, first-out (“LIFO”) adjustment are generally determined by the average cost method, which approximates current cost. Inventories are valued under the LIFO method at the Company’s U.S. locations, which comprised $931 and $911 (or 51% and 47%, respectively) of inventories before the LIFO adjustments at June 30, 2026 and December 31, 2025, respectively. The Company’s inventories held in international locations are valued under the average cost method. |
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