Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2026, and are summarized as follows:
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Fair Value Measurements at Reporting Date Using |
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Description |
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June 30, 2026 |
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Quoted Prices in
Active Markets for
Identical Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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Assets: |
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Cash equivalents |
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Money market funds |
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$ |
145 |
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$ |
145 |
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$ |
— |
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$ |
— |
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Time deposits |
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12 |
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— |
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12 |
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— |
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Equity securities |
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6 |
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6 |
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— |
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— |
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Available-for-sale securities: |
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Group insurance contracts |
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6 |
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— |
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6 |
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— |
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Derivatives |
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Foreign exchange forward contracts |
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2 |
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— |
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2 |
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— |
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Interest rate swaps - non-current |
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10 |
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— |
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10 |
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— |
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Pension and deferred compensation plan assets |
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30 |
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— |
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30 |
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— |
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Total assets |
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$ |
211 |
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$ |
151 |
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$ |
60 |
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$ |
— |
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Liabilities: |
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Derivatives |
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Foreign exchange forward contracts - current |
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$ |
1 |
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$ |
— |
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$ |
1 |
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$ |
— |
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Total liabilities |
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$ |
1 |
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$ |
— |
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$ |
1 |
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$ |
— |
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Reported as follows: |
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Assets: |
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Cash and cash equivalents(1) |
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$ |
157 |
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$ |
145 |
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$ |
12 |
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$ |
— |
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Other current assets |
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2 |
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— |
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2 |
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— |
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Total current assets |
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$ |
159 |
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$ |
145 |
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$ |
14 |
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$ |
— |
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Other assets |
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$ |
52 |
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$ |
6 |
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$ |
46 |
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$ |
— |
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Liabilities: |
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Other current liabilities |
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$ |
1 |
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$ |
— |
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$ |
1 |
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$ |
— |
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(1)The cash and cash equivalents amount presented in the table above does not include cash of $454 as of June 30, 2026. Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2025, and are summarized as follows:
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|
|
|
|
|
|
|
Fair Value Measurements at Reporting Date Using |
|
Description |
|
December 31, 2025 |
|
|
Quoted Prices in
Active Markets for
Identical Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Assets: |
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Cash equivalents |
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|
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Money market funds |
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$ |
246 |
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$ |
246 |
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|
$ |
— |
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|
$ |
— |
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Time deposits |
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|
11 |
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— |
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11 |
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|
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— |
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Equity securities |
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2 |
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2 |
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— |
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— |
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Available-for-sale securities: |
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|
|
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|
|
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|
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Group insurance contracts |
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|
6 |
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— |
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6 |
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— |
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Derivatives |
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|
|
|
|
|
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Foreign exchange forward contracts |
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|
1 |
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|
— |
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|
1 |
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|
— |
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Interest rate swaps - current |
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|
1 |
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— |
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|
1 |
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— |
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Interest rate swaps - non-current |
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|
5 |
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— |
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5 |
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— |
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Pension and deferred compensation plan assets |
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|
27 |
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|
— |
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|
27 |
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— |
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Total assets |
|
$ |
299 |
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|
$ |
248 |
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|
$ |
51 |
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|
$ |
— |
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Liabilities: |
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Derivatives |
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Foreign exchange forward contracts - current |
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$ |
2 |
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|
$ |
— |
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$ |
2 |
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|
$ |
— |
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Interest rate swaps - current |
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|
5 |
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|
— |
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|
5 |
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— |
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Total liabilities |
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$ |
7 |
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|
$ |
— |
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|
$ |
7 |
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|
$ |
— |
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Reported as follows: |
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Assets: |
|
|
|
|
|
|
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|
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Cash and cash equivalents (1) |
|
$ |
257 |
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|
$ |
246 |
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$ |
11 |
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|
$ |
— |
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Other current assets |
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|
2 |
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|
— |
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|
2 |
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|
— |
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Total current assets |
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$ |
259 |
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|
$ |
246 |
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|
$ |
13 |
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|
$ |
— |
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Other assets |
|
$ |
40 |
|
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$ |
2 |
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$ |
38 |
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|
$ |
— |
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Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
7 |
|
|
$ |
— |
|
(1)The cash and cash equivalents amount presented in the table above does not include cash of $418 as of December 31, 2025.
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