v3.25.4
INCOME TAXES - Components of Income Tax Provision (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current      
Federal $ (43,000) $ (33,000) $ 41,000
Non-U.S. 5,140,000 5,945,000 5,807,000
State and local (176,000) 195,000 96,000
Total current income taxes 4,921,000 6,107,000 5,944,000
Deferred      
Federal 23,000 (1,227,000) (1,925,000)
Non-U.S. 101,000 (816,000) (432,000)
State and local 328,000 147,000 (59,000)
Total deferred income taxes 452,000 (1,896,000) (2,416,000)
Total      
Federal (20,000) (1,260,000) (1,884,000)
Non-U.S. 5,241,000 5,129,000 5,375,000
State and local 152,000 342,000 37,000
Provision for income tax on continuing operations before non-controlling interests 5,373,000 4,211,000 3,528,000
Provision (benefit) for income taxes on:      
Discontinued operations 0 0 0
Gains (losses) included in AOCI, but excluded from net income 328,000 1,035,000 557,000
Employee stock plans (11,000) (5,000) (13,000)
Opening adjustment to Retained earnings 0 0 102,000
Opening adjustment to AOCI $ 0 $ 0 $ 12,000