METTLER TOLEDO INTERNATIONAL INC/, 10-K filed on 2/6/2026
Annual Report
v3.25.4
Document and Entity Information Document - USD ($)
$ / shares in Units, $ in Billions
12 Months Ended
Dec. 31, 2025
Jan. 23, 2026
Jun. 30, 2025
Dec. 31, 2024
Document and Entity Information        
Amendment Flag false      
City Area Code 44      
Document Type 10-K      
Document Annual Report true      
Document Transition Report false      
Document Period End Date Dec. 31, 2025      
Entity Central Index Key 0001037646      
Current Fiscal Year End Date --12-31      
Entity File Number 001-13595      
Document Fiscal Year Focus 2025      
Document Fiscal Period Focus FY      
Entity Registrant Name Mettler-Toledo International Inc.      
Entity Incorporation, State or Country Code DE      
Entity Tax Identification Number 13-3668641      
Entity Address, Address Line One Im Langacher 44      
Entity Address, City or Town Greifensee      
Entity Address, Postal Zip Code CH 8606      
Entity Address, Country CH      
Local Phone Number 944-22-11      
Title of 12(b) Security Common Stock, $0.01 par value      
Trading Symbol MTD      
Security Exchange Name NYSE      
Entity Well-known Seasoned Issuer Yes      
Entity Voluntary Filers No      
Entity Current Reporting Status Yes      
Entity Interactive Data Current Yes      
Entity Filer Category Large Accelerated Filer      
Entity Small Business false      
Entity Emerging Growth Company false      
Entity Shell Company false      
Entity Common Stock, Shares Outstanding   20,325,250    
Common Stock, Par or Stated Value Per Share $ 0.01     $ 0.01
Entity Public Float     $ 24.2  
ICFR Auditor Attestation Flag true      
Document Financial Statement Error Correction [Flag] false      
Other Address        
Document and Entity Information        
City Area Code 614      
Entity Address, Address Line One 1900 Polaris Parkway      
Entity Address, City or Town Columbus      
Entity Address, State or Province OH      
Entity Address, Postal Zip Code 43240      
Local Phone Number 438-4511      
v3.25.4
Audit Information
12 Months Ended
Dec. 31, 2025
Auditor Information [Abstract]  
Auditor Firm ID 238
Auditor Name PricewaterhouseCoopers LLP
Auditor Location Columbus, Ohio
v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 4,026,399 $ 3,872,361 $ 3,788,309
Gross profit 2,390,646 2,325,583 2,241,286
Research and development 199,373 189,357 185,284
Selling, general and administrative 998,314 936,303 904,106
Amortization 74,469 72,869 72,213
Interest Expense 68,515 74,631 77,366
Restructuring Charges 17,868 19,771 32,735
Other Charges (Income), Net (16,802) (4,571) (4,146)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (1,048,909) (1,037,223) (973,728)
Provision for taxes 179,716 174,083 184,950
Net earnings $ 869,193 $ 863,140 $ 788,778
Basic earnings per common share:      
Net earnings $ 42.17 $ 40.67 $ 36.10
Weighted average number of common shares 20,610,189 21,221,839 21,848,122
Diluted earnings per common share:      
Net earnings $ 42.05 $ 40.48 $ 35.90
Weighted average number of common and common equivalent shares 20,671,708 21,320,641 21,971,528
Product [Member]      
Revenues $ 3,007,805 $ 2,930,228 $ 2,906,661
Cost of Sales 1,170,864 1,110,886 1,144,167
Service [Member]      
Revenues 1,018,594 942,133 881,648
Cost of Sales $ 464,889 $ 435,892 $ 402,856
v3.25.4
Statement of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net earnings $ 869,193 $ 863,140 $ 788,778
Foreign currency translation adjustment (51,022) (16,273) (34,366)
Unrealized gains (losses) on cash flow hedging arrangements:      
Unrealized gains (losses) (15,446) 19,836 (12,372)
Effective portion of (gains) losses included in net earnings 16,631 (23,876) 8,236
Defined benefit pension and post-retirement plans:      
Net actuarial gains (losses) 46,286 (26,699) (48,736)
Plan amendments and prior service cost 663 (70) (64)
Amortization of actuarial (gains) losses and plan amendments and prior service cost 12,976 9,803 6,482
Impact of foreign currency (23,387) 11,236 (11,762)
Total other comprehensive income (loss), net of tax (13,299) (26,043) (92,582)
Total other comprehensive income (loss), net of tax $ 855,894 $ 837,097 $ 696,196
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 66,888 $ 59,362
Trade accounts receivable, less allowances of $17,009 in 2019 and $15,469 in 2018 778,243 687,112
Inventories 387,228 342,274
Other current assets and prepaid expenses 130,308 105,158
Total current assets 1,362,667 1,193,906
Property, plant and equipment, Net 845,636 770,280
Goodwill 739,225 668,914
Other intangible assets, net 278,910 257,143
Deferred tax assets, net 41,380 34,586
Other non-current assets 444,828 315,170
Total assets 3,712,646 3,239,999
Current liabilities:    
Trade accounts payable 266,628 215,843
Accrued and other liabilities 237,482 187,701
Accrued compensation and related items 199,516 184,532
Contract with Customer, Liability 229,378 204,166
Taxes payable 201,181 193,328
Short-term borrowings and current maturities of long-term debt 63,931 182,623
Total current liabilities 1,198,116 1,168,193
Long-term debt 2,088,241 1,831,265
Non-current deferred tax liabilities 151,784 103,953
Other non-current liabilities 298,141 263,478
Total liabilities 3,736,282 3,366,889
Commitments and contingencies (Note 16)
Shareholders’ equity:    
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares 0 0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares, outstanding 24,125,317 and 24,921,963 shares at December 31, 2018 and 2017, respectively 448 448
Additional paid-in capital 936,276 897,025
Treasury stock at cost (20,660,694 and 19,864,048 shares at December 31, 2019 and 2018, respectively) (9,839,399) (9,049,925)
Retained earnings 9,238,196 8,371,420
Accumulated Other Comprehensive Income (Loss), Net of Tax (359,157) (345,858)
Total shareholders’ equity (23,636) (126,890)
Total liabilities and shareholders’ equity $ 3,712,646 $ 3,239,999
v3.25.4
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Allowance For Bad Debt $ 16,857 $ 16,657
Preferred stock - par value per share $ 0.01 $ 0.01
Preferred stock - authorized shares 10,000,000 10,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common stock - authorized shares 125,000,000 125,000,000
Common stock - issued shares 44,786,011 44,786,011
Common stock - outstanding shares 20,359,353 20,949,461
Treasury Stock, Common, Shares 24,426,658 23,836,550
v3.25.4
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Treasury Stock, Common
Beginning balance at Dec. 31, 2022 $ 24,793 $ 448 $ 850,368 $ 6,726,866 $ (227,233) $ (7,325,656)
Beginning balance, shares at Dec. 31, 2022   22,139,009        
Exercise of stock options and restricted stock units, shares 79,076 79,076        
Exercise of stock options and restricted stock units, Value $ (19,234)     (4,888)   (21,308)
Repurchases of Common Stock, Shares 691,913 (691,913)        
Repurchases of Common Stock, Value $ (900,000)         (900,000)
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition 17,928   17,928      
Net earnings 788,778     788,778    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (92,582)       (92,582)  
Ending balance at Dec. 31, 2023 $ (149,938) $ 448 871,110 7,510,756 (319,815) (8,212,437)
Ending balance, shares at Dec. 31, 2023   21,526,172        
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition     2,814      
Exercise of stock options and restricted stock units, shares 68,428 68,428        
Exercise of stock options and restricted stock units, Value $ (23,719)     (2,476)   (20,259)
Repurchases of Common Stock, Shares (645,139) (645,139)        
Repurchases of Common Stock, Value $ (849,997)         (849,997)
Excise tax on net repurchases of common stock           7,750
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition 19,979   19,979      
Net earnings 863,140     863,140    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (26,043)       (26,043)  
Ending balance at Dec. 31, 2024 $ (126,890) $ 448 897,025 8,371,420 (345,858) (9,049,925)
Ending balance, shares at Dec. 31, 2024 20,949,461 20,949,461        
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition     5,936      
Exercise of stock options and restricted stock units, shares 56,500 56,500        
Exercise of stock options and restricted stock units, Value $ (32,273)     (2,417)   (17,951)
Repurchases of Common Stock, Shares (646,608) (646,608)        
Repurchases of Common Stock, Value $ (799,995)         (799,995)
Excise tax on net repurchases of common stock           7,430
APIC, Share-based Payment Arrangement, Other, Increase for Cost Recognition 22,512   22,512      
Net earnings 869,193     869,193    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (13,299)       (13,299)  
Ending balance at Dec. 31, 2025 $ (23,636) $ 448 936,276 $ 9,238,196 $ (359,157) $ (9,839,399)
Ending balance, shares at Dec. 31, 2025 20,359,353 20,359,353        
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition     $ 16,739      
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net earnings $ 869,193 $ 863,140 $ 788,778
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 51,141 50,352 48,951
Amortization 74,469 72,869 72,213
Deferred tax (benefit) provision 17,471 (5,216) (13,373)
Share-based compensation 22,512 19,979 17,928
Other (13,685) (22,982) 0
Increase (decrease) in cash resulting from changes in:      
Trade accounts receivable, net (46,349) (52,999) 50,296
Inventories (7,651) 24,127 71,021
Other current assets (10,847) (1,015) 20,666
Trade accounts payable 33,762 12,083 (40,554)
Taxes payable (18,816) (11,931) 12,260
Accruals and other (15,428) 19,939 (62,312)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 955,772 968,346 965,874
Cash flows from investing activities:      
Proceeds from sale of property, plant and equipment 0 1,631 835
Purchase of property, plant and equipment (107,124) (103,898) (105,323)
Proceeds from government funding 6,170 0 6,094
Acquisitions (93,839) (10,091) (5,811)
Other investing activities 919 (7,104) (27,489)
Net cash used in investing activities (193,874) (119,462) (131,694)
Cash flows from financing activities:      
Proceeds from borrowings 1,996,222 2,156,565 2,126,797
Repayments of borrowings (1,974,762) (2,175,291) (2,097,023)
Proceeds from exercise of stock options 32,273 23,719 19,234
Repurchases of common stock (799,995) (849,997) (900,000)
Payments of Excise Tax on Repurchases of Common Stock (7,750) (8,089) 0
Acquisition contingent consideration paid 0 0 (7,767)
Other financing activities (1,161) (2,884) (826)
Net cash provided by (used in) financing activities (755,173) (855,977) (859,585)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 801 (3,352) (754)
Net increase (decrease) in cash and cash equivalents 7,526 (10,445) (26,159)
Cash and cash equivalents:      
Cash and Cash Equivalents, at Carrying Value, Beginning 59,362 69,807 95,966
Cash and Cash Equivalents, at Carrying Value, End 66,888 59,362 69,807
Supplemental disclosures of cash flow information:      
Interest 66,634 75,937 75,618
Taxes $ 180,848 $ 209,374 $ 178,255
v3.25.4
Statement of Financial Position, Classified
12 Months Ended
Dec. 31, 2025
Statement of Financial Position [Abstract]  
Schedule of Valuation and Qualifying Accounts Disclosure
Schedule II — Valuation and Qualifying Accounts (in thousands)
Column AColumn BColumn CColumn DColumn E
  Additions  
 (1)(2)  
 Balance at the
Beginning of
Period
Charged to
Costs and Expenses
Charged to
Other Accounts
 Balance at End
of Period
Description-Deductions-
   Note (A)Note (B) 
Deferred tax valuation allowance:     
Year ended December 31, 2025$73,171 $1,536 $3,792 $10,377 $68,122 
Year ended December 31, 2024$73,460 $3,312 $37 $3,638 $73,171 
Year ended December 31, 2023$62,615 $7,548 $4,149 $852 $73,460 
_______________________________________
Note (A)
Amounts in 2025, 2024 and 2023 primarily relate to changes in foreign currency.
Note (B)
Amounts in 2025 primarily relate to a non-cash discrete release of a valuation allowance related to the settlement of a tax audit and the use of certain deferred tax assets. Amounts in 2024 and 2023 primarily relate to changes in state tax net operating losses and credits.
v3.25.4
Business Description and Basis of Presentation
12 Months Ended
Dec. 31, 2025
BUSINESS DESCRIPTION AND BASIS OF PRESENTATION [Abstract]  
Business Description and Basis of Presentation Disclosure BUSINESS DESCRIPTION AND BASIS OF PRESENTATION
Mettler-Toledo International Inc. (Mettler-Toledo or the Company) is a leading global supplier of precision instruments and services. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. The Company also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development. In addition, the Company manufactures metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications. The Company’s primary manufacturing facilities are located in China, Switzerland, the United States, Germany, the United Kingdom, and Mexico. The Company’s principal executive offices are located in Columbus, Ohio and Greifensee, Switzerland.
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and include all entities in which the Company has control, which are its wholly owned subsidiaries.
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates due to uncertainty around the ongoing developments related to global trade disputes/tariffs, governmental policies, the geopolitical environment, the conflict in Ukraine and continuing instability in the Middle East, as well as other factors. A discussion of the Company's significant accounting policies is included in the Notes to the Consolidated Financial Statements included within this filing.
All intercompany transactions and balances have been eliminated.
Certain prior year items have been updated to conform with current year presentation.
v3.25.4
Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Disclosure SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash and Cash Equivalents
Cash and cash equivalents include highly liquid investments with original maturity dates of three months or less. The carrying value of these cash equivalents approximates fair value.
Trade Accounts Receivable
Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for expected credit losses represents the Company’s best estimate based on current and historical information and reasonable and supportable forecasts of future events and circumstances.
Inventories
Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor, and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, expected future orders, and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required.
Long-Lived Assets
a)Property, Plant, and Equipment
Property, plant, and equipment are stated at cost less accumulated depreciation. Repair and maintenance costs are charged to expense as incurred. The Company capitalizes certain direct costs related to the acquisition and development of internal-use computer software. Externally purchased software is capitalized when the Company obtains legal ownership and is amortized over its useful life ranging from three to five years. Internally developed software costs for internal use are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs associated with internal-use software are amortized on a straight-line basis over 10 years. Fully depreciated assets other than capitalized internally developed software are retained in property, plant, and equipment and accumulated depreciation accounts until disposal.
Depreciation and amortization are charged on a straight-line basis over the estimated useful lives of the assets as follows:
Buildings and improvements15 to 50 years
Machinery and equipment3 to 12 years
Computer software3 to 10 years
Leasehold improvementsShorter of useful life or lease term
b)Goodwill and Other Intangible Assets
Goodwill, representing the excess of purchase price over the fair value of the net assets of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluations of goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative factors to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount.
If the Company is unable to conclude whether the goodwill or indefinite-lived intangible asset is not impaired after considering the totality of events and circumstances during its qualitative assessment, the Company performs a quantitative assessment by estimating the fair value of the respective reporting unit or indefinite-lived intangible asset and comparing the fair value to the carrying amount. If the carrying amount of the reporting unit or indefinite-lived intangible asset exceeds its fair value, an impairment charge equal to the difference is recognized.
Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period to be benefited. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 - Business Combinations and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 - Intangible - Goodwill and Other and ASC 360 - Property, Plant, and Equipment.
Accounting for Impairment of Long-Lived Assets
The Company assesses the need to record impairment losses on long-lived assets (asset group) with finite lives when events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. An impairment loss would be recognized when future estimated undiscounted cash flows expected to result from use and eventually disposition of that asset (asset group) are less than the asset’s carrying value, with the loss measured as the difference between carrying value and estimated fair value.
Taxation
The Company files tax returns in each jurisdiction in which it operates. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities, their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in the respective jurisdictions in which the Company operates. In assessing the ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance is based on management’s estimates of future taxable income and application of relevant income tax law.
Deferred taxes are not provided on the unremitted earnings of subsidiaries outside of the United States when it is expected that these earnings are permanently reinvested. Such earnings may become taxable upon the sale or liquidation of these subsidiaries or upon the remittance of dividends. Deferred taxes are provided when the Company no longer considers subsidiary earnings to be permanently invested, such as in situations where the Company’s subsidiaries plan to make future dividend distributions.
In accordance with the Tax Cuts and Jobs Act, the Company treats taxes due on future Global Intangible Low-Taxed Income (GILTI) inclusions in U.S. taxable income as a current period expense when incurred.
The Company recognizes accrued amounts of interest and penalties related to its uncertain tax positions as part of income tax expense within its consolidated statement of operations.
Currency Translation and Transactions
The reporting currency for the consolidated financial statements of the Company is the U.S. dollar. The functional currency for the Company’s operations is generally the applicable local currency. Accordingly, the assets and liabilities of companies whose functional currency is other than the U.S. dollar are included in the consolidated financial statements by translating the assets and liabilities into the reporting currency at the exchange rates applicable at the end of the reporting period. The statements of operations and cash flows of such non-U.S. dollar functional currency operations are translated at the monthly weighted average exchange rates during the year. Translation gains or losses are accumulated in other comprehensive income (loss) in the consolidated statements of shareholders’ equity. Transaction gains and losses are included as a component of net earnings or in certain circumstances as a component of other comprehensive income (loss) where the underlying item is considered a hedge of a net investment or relates to intercompany notes that are long term in nature.
Revenue Recognition
Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred based upon shipping terms. To the extent the Company’s contracts have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are
included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end-customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The related provisions for estimated returns and rebates are immaterial to the consolidated financial statements.
Certain of the Company’s product arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company’s control. The allocation of revenue between the performance obligations is based on the observable stand-alone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install, and geographic location.
Software is generally not considered a distinct performance obligation with the exception of a limited number of small software applications. The Company primarily sells software products with the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products.
Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period.
Leases
The Company considers an arrangement a lease if the arrangement transfers the right to control the use of an identified asset in exchange for consideration.
Lease right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make payments arising from the lease agreement. These assets and liabilities are recognized at the commencement of the lease based upon the present value of the lease payments over the lease term. Lease payments include both lease and non-lease components for items or activities that transfer a good or service. Vehicle lease and non-lease components are separately accounted for based on stand-alone value. Real estate lease and non-lease components are accounted for as a single component. Operating lease right-of-use assets include initial direct costs, advanced lease payments, and lease incentives.
The lease term reflects the noncancellable period of the lease together with periods covered by an option to extend or terminate the lease when management is reasonably certain that it will exercise such option. The Company applies its incremental borrowing rate at the lease commencement date in determining the present value of lease payments as the information necessary to determine the rate implicit in the lease is not readily available. The incremental borrowing rate reflects similar terms by geographic location to the underlying leases. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Operating lease expense is recognized on a straight-line basis over the lease term. Finance lease expense includes amortization of the right-of-use asset and interest on the lease liability, both recognized over the lease term. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the right-of-use asset and lease liabilities and are expensed as incurred. Short-term leases are less than one year without purchase or renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. The right-of-use asset is tested for impairment in accordance with ASC 360.
Research and Development
Research and development costs primarily consist of salaries, consulting, and other costs. The Company expenses these costs as incurred.
Restructuring Charges
Restructuring charges include costs associated with exit and disposal activities including employee termination benefits, contract termination, and other costs associated with various cost saving initiatives undertaken by the Company.
In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period.
Earnings per Common Share
In accordance with the treasury stock method, the Company has included 61,519, 98,803, and 123,406 common equivalent shares in the calculation of diluted weighted average number of common shares for the years ended December 31, 2025, 2024, and 2023, respectively, relating to outstanding stock options and restricted stock units.
Outstanding options and restricted stock units to purchase or receive 72,637, 61,040, and 54,840 shares of common stock for the years ended December 31, 2025, 2024, and 2023, respectively, have been excluded from the calculation of diluted weighted average number of common and common equivalent shares as such options and restricted stock units would be anti-dilutive.
Equity-Based Compensation
All share-based compensation arrangements granted to employees, including stock option grants, are recognized in the consolidated statement of operations based on the grant-date fair value of the award over the period during which an employee is required to provide service in exchange for the award.
Derivative Financial Instruments
The Company has limited involvement with derivative financial instruments and does not use them for trading purposes. As described more fully in Note 6, the Company enters into certain interest rate and cross currency swap agreements in order to manage its exposure to changes in interest rates. These agreements limit the Company's exposure on interest rate fluctuations on the underlying debt. The Company also enters into foreign currency forward exchange contracts to economically hedge certain short-term intercompany balances involving its international businesses. Such contracts limit the Company’s exposure to currency fluctuations on the underlying hedged item. These contracts are adjusted to fair market value as of each balance sheet date, with the resulting changes in fair value being recognized in other charges (income), consistent with the underlying hedged item.
Fair Value Measurements
The Company measures or monitors certain assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities in which fair value is the primary basis of accounting, mainly derivative instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The Company applies the fair value hierarchy established under U.S. GAAP and when possible looks to active and observable markets to price identical assets and liabilities. If identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities.
Business Combinations and Asset Acquisitions
The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company’s consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred.
In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net.
Recent Accounting Pronouncements
In November 2023, the FASB issued ASU 2023-07: Improvements to Reportable Segment Disclosures, which requires incremental disclosures about a public entity's reportable segments but does not change the definition of a segment or the guidance for determining reportable segments. The Company adopted these annual disclosure requirements on a retrospective basis in 2024. See Note 18 for the required reportable segments disclosures.
In December 2023, the FASB issued ASU 2023-09: Improvements to Income Tax Disclosures, which enhances income tax disclosures, especially related to the rate reconciliation and income taxes paid
information. The Company adopted these annual disclosure requirements on a prospective basis in 2025. See Note 14 for the required income tax disclosures.
In November 2024, the FASB issued ASU 2024-03: Disaggregation of Income Statement Expenses, which requires disclosures about the nature of expenses presented on the face of the income statement. The Company will adopt the annual disclosure requirements in 2027 and is currently evaluating the impact of this guidance on the consolidated financial statements.
In September 2025, the FASB issued ASU 2025-06: Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software costs. The guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. The Company has not determined when and how it will adopt this guidance and is currently evaluating the impact on the consolidated financial statements.
In December 2025, the FASB issued ASU 2025-12: Codification Improvements, which updates U.S. GAAP for a broad range of topics arising from technical corrections, unintended application of the codification, clarifications, and other minor improvements. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the potential impact, if any, on the consolidated financial statements.
v3.25.4
Revenue from Contracts with Customers
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
The Company disaggregates revenue from contracts with customers by product, service, timing of revenue recognition, and geography. A summary by the Company’s reportable segments follows for the years ended December 31:
Twelve months ended December 31, 2025U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,081,541 $162,354 $603,735 $574,258 $585,917 $3,007,805 
Service Revenue:
Point in time
307,630 35,639 190,756 42,548 155,594 732,167 
Over time
107,031 12,865 101,480 18,027 47,024 286,427 
Total$1,496,202 $210,858 $895,971 $634,833 $788,535 $4,026,399 
Twelve months ended December 31, 2024U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,042,479 $174,484 $593,502 $565,118 $554,645 $2,930,228 
Service Revenue:
Point in time
290,266 31,746 176,459 45,587 140,162 684,220 
Over time
96,757 12,350 88,041 17,742 43,023 257,913 
Total$1,429,502 $218,580 $858,002 $628,447 $737,830 $3,872,361 
Twelve months ended December 31, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,039,766 $147,792 $542,707 $656,834 $519,562 $2,906,661 
Service Revenue:
Point in time
279,234 29,917 170,343 45,127 131,214 655,835 
Over time
84,919 10,970 79,857 16,857 33,210 225,813 
Total$1,403,919 $188,679 $792,907 $718,818 $683,986 $3,788,309 
The Company's global revenue mix by product category for the year ended December 31, 2025 is laboratory (56% of sales), industrial (39% of sales), and retail (5% of sales). The Company’s product revenue by reportable segment is proportionately similar to the Company’s global mix with the exception of the Company’s Swiss Operations, which is largely comprised of laboratory products, and the Company’s Chinese Operations, which has a slightly higher percentage of industrial products. A breakdown of the Company’s sales by product category for the year ended December 31 follows:
202520242023
Laboratory$2,241,106 $2,185,979 $2,068,807 
Industrial1,579,353 1,490,026 1,490,445 
Retail205,940 196,356 229,057 
Total net sales$4,026,399 $3,872,361 $3,788,309 
A breakdown of net sales to external customers by geographic customer destination, net for the year ended December 31 follows:
 202520242023
Americas$1,679,423 $1,606,292 $1,568,210 
Europe1,160,968 1,100,399 1,015,498 
Asia/Rest of World1,186,008 1,165,670 1,204,601 
Total$4,026,399 $3,872,361 $3,788,309 
The payment terms in the Company’s contracts with customers do not exceed one year and therefore contracts do not contain a significant financing component. In most cases, after appropriate credit evaluations, payments are due in arrears and are recognized as receivables. Unbilled revenue is recorded when performance obligations have been satisfied, but not yet billed to the customer. Unbilled revenue as of December 31, 2025 and 2024 was $32.3 million and $32.6 million, respectively, and is included within accounts receivable. Deferred revenue and customer prepayments are recorded when cash payments are received or due in advance of the performance obligation being satisfied. Deferred revenue primarily includes prepaid service contracts, as well as deferred installation.
Changes in the components of deferred revenue and customer prepayments during the period are as follows:
202520242023
Beginning balances as of January 1$204,166 $202,022 $192,759 
Customer prepayments/deferred revenue744,971 656,890 670,178 
Revenue recognized(727,755)(643,067)(663,165)
Foreign currency translation7,996 (11,679)2,250 
Ending balance as of December 31$229,378 $204,166 $202,022 
The Company generally expenses sales commissions when incurred because the contract period is one year or less. These costs are recorded within selling, general, and administrative expenses. The value of unsatisfied performance obligations other than customer prepayments and deferred revenue associated with contracts greater than one year is immaterial.
v3.25.4
Acquisitions
12 Months Ended
Dec. 31, 2025
Business Combination [Abstract]  
Business Combination [Text Block] ACQUISITIONSIn
v3.25.4
Inventories
12 Months Ended
Dec. 31, 2025
INVENTORIES [Abstract]  
Inventory Disclosure INVENTORIES
Inventories consisted of the following at December 31:
20252024
Raw materials and parts$171,600 $161,416 
Work-in-progress77,146 69,488 
Finished goods138,482 111,370 
Total inventory$387,228 $342,274 
v3.25.4
Financial Instruments
12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Financial Instruments Disclosure FINANCIAL INSTRUMENTS
The Company has limited involvement with derivative financial instruments and does not use them for trading purposes. The Company enters into certain interest rate and cross currency swap agreements in order to manage its exposure to changes in interest rates. The amount of the Company’s fixed obligation interest payments may change based upon the expiration dates of its interest rate and cross currency swap agreement and the level and composition of its debt. The Company also enters into certain foreign currency forward contracts to limit the Company’s exposure to currency fluctuations on the respective hedged items. For additional disclosures on derivative instruments regarding balance sheet location, fair value, and the amounts reclassified into other comprehensive income and the effective portion of the cash flow hedges, also see Note 7 and Note 11 to the consolidated financial statements. As also mentioned in Note 10, the Company has designated its euro-denominated debt as a hedge of a portion of its net investment in a euro-denominated foreign subsidiary.
Cash Flow Hedges
The Company has entered into a number of cross currency swaps designated as cash flow hedges. The agreements convert borrowings under the Company’s credit facility into synthetic Swiss franc debt, which allows the Company to effectively change the floating rate SOFR-based interest payments, excluding the credit spread, to a fixed Swiss franc income or expense as follows:
Agreement DateAmount
Converted
Effective Swiss Franc
Interest Rate
Maturity Date
June 2019$50 million(0.82)%June 2023
November 2021$50 million(0.67)%November 2023
June 2021$50 million(0.73)%June 2024
June 2021$50 million(0.59)%June 2025
December 2023$50 million1.04%November 2026
November 2023$50 million1.16%November 2026
June 2023$50 million1.55%June 2027
June 2024$50 million1.15%June 2027
June 2025$50 million(0.21)%June 2028
In June 2025, the Company entered into a cross currency swap arrangement, as summarized above, to replace the cross currency swap that matured in June 2025. The new swap was designated as an effective cash flow hedge.
The Company amended all active cross currency swap agreements in 2023 to replace all references of LIBOR to SOFR as the interest rate benchmark to align with the amendment to the Company's Credit Facility Agreement, as discussed in Note 10 to the consolidated financial statements. As part of these amendments, the corresponding fixed Swiss franc interest rates were amended as well to reflect the change in the benchmark.
The Company’s cash flow hedges are recorded gross at fair value in the consolidated balance sheet at December 31, 2025 and 2024 and are disclosed in Note 7 to the consolidated financial statements. A derivative gain of $4.5 million based upon interest rates at December 31, 2025 is expected to be reclassified from other comprehensive income (loss) to earnings in the next 12 months. Through December 31, 2025, no hedge ineffectiveness has occurred in relation to these cash flow hedges.
Other Derivatives
The Company primarily enters into foreign currency forward contracts in order to economically hedge short-term intercompany balances largely denominated in Swiss franc, other major European currencies, and the Chinese renminbi with its foreign businesses. In accordance with U.S. GAAP, these contracts are considered “derivatives not designated as hedging instruments.” Gains or losses on these instruments are reported in current earnings. The foreign currency forward contracts are recorded at fair value in the consolidated balance sheet at December 31, 2025 and 2024, as disclosed in Note 7 to the consolidated financial statements. The Company recognized in other charges (income), net a net loss of $2.1 million and net gain of $2.0 million and a net loss of $19.7 million during the years ended December 31, 2025, 2024, and 2023, respectively, which offset the related net transaction gains (losses) associated with these contracts. At December 31, 2025 and 2024, these contracts had a notional value of $1.2 billion and $788.6 million, respectively.
The Company may be exposed to credit losses in the event of nonperformance by the counterparties to its derivative financial instrument contracts. Counterparties are established banks and financial
institutions with high credit ratings. The Company believes that such counterparties will be able to fully satisfy their obligations under these contracts.
v3.25.4
Fair Value Measurements
12 Months Ended
Dec. 31, 2025
Fair Value Measurements [Abstract]  
Fair Value Disclosures FAIR VALUE MEASUREMENTS
At December 31, 2025 and 2024, the Company had derivative assets totaling $3.2 million and $9.2 million, respectively, and derivative liabilities totaling $37.4 million and $8.5 million, respectively. The Company has limited involvement with derivative financial instruments and therefore does not present all the required disclosures in tabular format. The fair values of the cross currency swap agreements, and the foreign currency forward contracts that economically hedge short-term intercompany balances are estimated based upon inputs from current valuation information obtained from dealer quotes and priced with observable market assumptions and appropriate valuation adjustments for credit risk. The Company has evaluated the valuation methodologies used to develop the fair values by dealers in order to determine whether such valuations are representative of an exit price in the Company’s principal market. In addition, the Company uses an internally developed model to perform testing on the valuations received from brokers. The Company has also considered both its own credit risk and counterparty credit risk in determining fair value and determined these adjustments were insignificant for the years ended December 31, 2025 and 2024.
Under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement consists of observable and unobservable inputs that reflect the assumptions that a market participant would use in pricing an asset or liability.
A fair value hierarchy has been established that categorizes these inputs into three levels:
Level 1: Quoted prices in active markets for identical assets and liabilities
Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities
Level 3: Unobservable inputs
The following table presents the Company’s assets and liabilities, which are all categorized as Level 2 and are measured at fair value on a recurring basis at December 31, 2025 and 2024. The Company does not have any assets or liabilities which are categorized as Level 1.
 20252024Balance Sheet Location
Foreign currency forward contracts not designated as hedging instruments$3,167 $7,949 Other current assets and prepaid expenses
Cash flow hedges:
Cross currency swap agreement— 855 Other current assets and prepaid expenses
Cross currency swap agreement— 398 Other non-current assets
Total derivative assets$3,167 $9,202 
Foreign currency forward contracts not designated as hedging instruments$5,237 $4,078 Accrued and other liabilities
Cash flow hedges:
Cross currency swap agreements14,287 — Accrued and other liabilities
Cross currency swap agreements17,889 4,463 Other non-current liabilities
Total derivative liabilities$37,413 $8,541 
The Company had $5.1 million and $3.7 million of cash equivalents at December 31, 2025 and 2024, respectively, the fair value of which is determined using Level 2 inputs through quoted and corroborated prices in active markets. The fair value of cash equivalents approximates cost.
The fair value of the Company’s debt is less than the carrying value by approximately $185.7 million as of December 31, 2025. The fair value of the Company’s fixed interest rate debt was estimated using Level 2 inputs and primarily discounted cash flow models, based on estimated current rates offered for similar debt under current market conditions for the Company.
v3.25.4
Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment Disclosure PROPERTY, PLANT, AND EQUIPMENT, NET
Property, plant, and equipment, net consisted of the following at December 31:
20252024
Land$71,493 $61,693 
Building and leasehold improvements466,670 404,699 
Machinery and equipment572,926 511,411 
Computer software556,331 489,387 
Property, plant, and equipment, gross1,667,420 1,467,190 
Less accumulated depreciation and amortization(821,784)(696,910)
Property, plant, and equipment, net$845,636 $770,280 
v3.25.4
Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure GOODWILL AND OTHER INTANGIBLE ASSETS
The following table shows the changes in the carrying amount of goodwill for the years ended December 31:
20252024
Balance at beginning of year$668,914 $670,108 
Goodwill acquired55,998 5,897 
Goodwill disposed— (175)
Foreign currency translation14,313 (6,916)
Balance at year end$739,225 $668,914 
Goodwill and indefinite-lived assets are reviewed for impairment on an annual basis in the fourth quarter. The Company completed its impairment review and determined that there had been no impairment of these assets through December 31, 2025. The Company identified no triggering events or other circumstances which indicated the carrying amount of goodwill or intangible assets may not be recoverable.
The components of other intangible assets as of December 31 are as follows:
 20252024
Gross
Amount
Accumulated
Amortization
Intangibles, NetGross
Amount
Accumulated
Amortization
Intangibles, Net
Customer relationships$331,229 $(133,460)$197,769 $289,178 $(116,812)$172,366 
Proven technology and patents132,247 (93,025)39,222 123,971 (80,634)43,337 
Tradenames (finite life)8,476 (6,555)1,921 7,853 (5,308)2,545 
Tradenames (indefinite life)35,795 — 35,795 35,088 — 35,088 
Other14,285 (10,082)4,203 12,426 (8,619)3,807 
 $522,032 $(243,122)$278,910 $468,516 $(211,373)$257,143 
The Company recognized amortization expense associated with the above intangible assets of $28.5 million, $27.1 million, and $27.6 million for the years ended December 31, 2025, 2024, and 2023, respectively. The annual aggregate amortization expense based on the current balance of other intangible assets is estimated at $28.6 million for 2026, $27.8 million for 2027, $25.1 million for 2028, $23.0 million for 2029, and $22.0 million for 2030. The finite-lived intangible assets are amortized on a straight-line basis over periods ranging from 3 to 45 years. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. Purchased intangibles amortization was $27.3 million, $21.1 million after tax, $25.9 million, $20.1 million after tax, and $26.4 million, $20.5 million after tax, for the years ended December 31, 2025, 2024, and 2023, respectively.
In addition to the above amortization, the Company recorded amortization expense associated with capitalized software, which is included in property, plant, and equipment in Note 8, of $45.8 million, $45.6 million, and $44.4 million for the years ended December 31, 2025, 2024, and 2023, respectively.
v3.25.4
Debt
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Disclosure DEBT
Debt consisted of the following at December 31:
20252024
4.24% $125 million 10-year Senior Notes due June 25, 2025— 125,000 
3.91% $75 million 10-year Senior Notes due June 25, 202975,000 75,000 
5.45% $150 million 10-year Senior Notes due March 1, 2033150,000 150,000 
2.83% $125 million 12-year Senior Notes due July 22, 2033125,000 125,000 
3.19% $50 million 15-year Senior Notes due January 24, 203550,000 50,000 
2.81% $150 million 15-year Senior Notes due March 17, 2037150,000 150,000 
2.91% $150 million 15-year Senior Notes due September 1, 2037150,000 150,000 
1.47% EUR 125 million 15-year Senior Notes due June 17, 2030146,753 129,840 
1.30% EUR 135 million 15-year Senior Notes due November 6, 2034158,493 140,227 
1.06% EUR 125 million 15-year Senior Notes due March 19, 2036146,753 129,840 
3.80% EUR 100 million 10 1/2-year Senior Notes due July 9, 2035117,402 — 
Senior Notes debt issuance costs, net(3,833)(4,260)
Total Senior Notes1,265,568 1,220,647 
$1.35 billion Credit Agreement, interest at benchmark plus 87.5 basis points(1)(2)
809,215 730,203 
Other local arrangements77,389 63,038 
Total debt2,152,172 2,013,888 
Less: current portion(63,931)(182,623)
Total long-term debt$2,088,241 $1,831,265 
(1) See Note 6 and Note 7 for additional disclosures on the financial instruments associated with the Credit Agreement.
(2) The benchmark interest rate is determined by the borrowing currency. The benchmark rates by borrowing currency are as follows: SOFR for U.S. dollars (plus a 10 basis points spread adjustment), SARON for Swiss franc, EURIBOR for euro and SONIA for Great British pounds.
At December 31, 2025, the interest payments associated with 71% of the Company’s debt are fixed obligations. The Company’s weighted average interest rate was 3.2% and 3.6% for the years ended December 31, 2025 and 2024, respectively.
Senior Notes
The Senior Notes listed above are senior unsecured obligations of the Company and interest is payable semi-annually. The Company may at any time prepay the Senior Notes, in whole or in part, at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interests, and in some instances a “make whole” prepayment premium. The Euro Senior Notes, if prepaid, may also include a swap related currency loss. The Senior Notes each contain customary affirmative and negative covenants including, among others, limitations on the Company and its subsidiaries with respect to incurrence of liens and priority indebtedness, disposition of assets, mergers, and transactions with affiliates. In December 2021, the Company amended all of its U.S. Senior Note agreements to conform to the financial covenants in the underlying agreements. The amended agreements require the Company to maintain (i) a ratio of net funded indebtedness to EBITDA of 3.5 to 1.0 or less, except in certain circumstances and (ii) an interest coverage ratio of 3.0 to 1.0 or greater. The Credit Agreement has several events of default, with customary grace periods as applicable. The Company was in compliance with its covenants at December 31, 2025.
Total issuance costs of approximately $3.8 million have been incurred by the Company related to the Senior Notes mentioned above and are being amortized to interest expense over the various terms.
In January 2025, the Company entered into an agreement to issue and sell EUR 100 million 10 1/2-year Senior Notes with a fixed interest rate of 3.8% (3.8% Euro Senior Notes) in a private placement, which will mature in July 2035. The 3.8% Euro Senior Notes are unsecured obligations of the Company and the terms are consistent with the previous Notes as described above. The Company used the proceeds from the sale of the notes to refinance existing indebtedness and for other general corporate purposes.
The Company has designated its EUR 125 million 1.47% Euro Senior Notes, EUR 135 million 1.30% Euro Senior Notes, the EUR 125 million 1.06% Euro Senior Notes, and the EUR 100 million 3.80% Euro Senior Notes as a hedge of a portion of its net investment in a euro-denominated foreign subsidiary to reduce foreign currency risk associated with this net investment. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The Company recorded in other comprehensive income (loss) related to this net investment hedge an unrealized loss of $65.6 million, an unrealized gain of $25.0 million, and an unrealized loss of $12.9 million for the years ended December 31, 2025, 2024, and 2023, respectively. The Company has an unrealized loss of $23.3 million associated with these net investment hedges recorded in accumulated other comprehensive income (loss) as of December 31, 2025.
Credit Agreement
On May 30, 2024, the Company entered into a $1.35 billion Credit Agreement (the Credit Agreement), which amended its $1.25 billion Amended and Restated Credit Agreement (the Prior Credit Agreement). As of December 31, 2025, the Company had $536.3 million of additional borrowings available under its Credit Agreement.
The Credit Agreement is provided by a group of financial institutions (similar to the Company's Prior Credit Agreement) and has a maturity date of May 30, 2029. It is a revolving credit facility and is not subject to any scheduled principal payments prior to maturity. The obligations under the Credit Agreement are unsecured.
Borrowings under the Credit Agreement bear interest at current market rates plus a margin based on the Company’s consolidated leverage ratio. The Company must also pay facility fees that are tied to its leverage ratio. The Credit Agreement contains covenants that are similar to those contained in the Prior Credit Agreement, with which the Company was in compliance as of December 31, 2025. The Company is required to maintain (i) a ratio of net funded indebtedness to EBITDA of 3.5 to 1.0 or less except in certain circumstances and (ii) an interest coverage ratio of 3.0 to 1.0 or greater. The Credit Agreement also places certain limitations on the Company, including limiting the ability to incur liens or indebtedness at a subsidiary level. In addition, the Credit Agreement has several events of default, with customary grace periods as applicable. The Company incurred approximately $0.2 million of debt extinguishment costs during 2024 related to the Prior Credit Agreement. The Company capitalized $2.0 million in financing fees during 2024 associated with the Credit Agreement, which will be amortized to interest expense through 2029.
Other Local Arrangements
In April 2018, two of the Company’s non-U.S. pension plans issued loans totaling $48 million (Swiss franc 38 million) to a wholly owned subsidiary of the Company. The loans have the same terms and
conditions, which include an interest rate of SARON plus 87.5 basis points. The loans were renewed for one year in April 2025.
v3.25.4
Shareholders' Equity
12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure SHAREHOLDERS’ EQUITY
Common Stock
The number of authorized shares of the Company’s common stock is 125,000,000 shares with a par value of $0.01 per share. Holders of the Company’s common stock are entitled to one vote per share. At December 31, 2025, 3,288,861 shares of the Company’s common stock were reserved for issuance pursuant to the Company’s stock option plans.
Preferred Stock
The Board of Directors, without further shareholder authorization, is authorized to issue up to 10,000,000 shares of preferred stock, par value $0.01 per share in one or more series and to determine and fix the rights, preferences, and privileges of each series, including dividend rights and preferences over dividends on the common stock and one or more series of the preferred stock, conversion rights, voting rights (in addition to those provided by law), redemption rights, and the terms of any sinking fund therefore, and rights upon liquidation, dissolution, or winding up, including preferences over the common stock and one or more series of the preferred stock. The issuance of shares of preferred stock, or the issuance of rights to purchase such shares, may have the effect of delaying, deferring, or preventing a change in control of the Company or an unsolicited acquisition proposal.
Share Repurchase Program
In November 2025, the Company’s Board of Directors authorized an additional $2.75 billion to the share repurchase program, which had $3.7 billion of remaining availability as of December 31, 2025. The share repurchases are expected to be funded from cash generated from operating activities, borrowings, and cash balances. Repurchases will be made through open market transactions, and the amount and timing of purchases will depend on business and market conditions, the stock price, trading restrictions, the level of acquisition activity, and other factors.
The Company has purchased 33.0 million of common shares since the inception of the program in 2004 through December 31, 2025, at a total cost of $10.6 billion. The Company spent $800 million, $850 million, and $900 million during 2025, 2024, and 2023, respectively, on the repurchase of 646,608 shares, 645,139 shares, and 691,913 shares at an average price per share of $1,237.18, $1,317.52, and $1,300.72, respectively. The Company reissued 56,500 shares, 68,428 shares, and 79,076 shares held in treasury for the exercise of stock options and restricted stock units during 2025, 2024, and 2023, respectively. In addition, the Company incurred $7.4 million, $7.8 million, and $8.1 million of excise tax during the years ended December 31, 2025, 2024, and 2023, respectively, related to the Inflation Reduction Act, which is reflected as a reduction in shareholders' equity in our consolidated financial statements.
Accumulated Other Comprehensive Income (Loss)
The following table presents changes in accumulated other comprehensive income by component for the periods ended December 31, 2025, 2024, and 2023:
Currency Translation Adjustment, Net of TaxNet Unrealized
Gain (Loss) on
Cash Flow Hedging Arrangements,
Net of Tax
Pension and Post-Retirement Benefit Related Items,
Net of Tax
Total
Balance at December 31, 2022$(82,864)$4,256 $(148,625)$(227,233)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — (48,800)(48,800)
Net unrealized gains (loss) on cash flow hedging arrangements— (12,372)— (12,372)
Foreign currency translation adjustment(34,366)— (11,762)(46,128)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— 8,236 6,482 14,718 
Net change in other comprehensive income (loss), net of tax(34,366)(4,136)(54,080)(92,582)
Balance at December 31, 2023$(117,230)$120 $(202,705)$(319,815)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — (26,769)(26,769)
Net unrealized gains (loss) on cash flow hedging arrangements— 19,836 — 19,836 
Foreign currency translation adjustment(16,273)— 11,236 (5,037)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— (23,876)9,803 (14,073)
Net change in other comprehensive income (loss), net of tax(16,273)(4,040)(5,730)(26,043)
Balance at December 31, 2024$(133,503)$(3,920)$(208,435)$(345,858)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — 46,949 46,949 
Net unrealized gains (loss) on cash flow hedging arrangements— (15,446)— (15,446)
Foreign currency translation adjustment(51,022)— (23,387)(74,409)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— 16,631 12,976 29,607 
Net change in other comprehensive income (loss), net of tax(51,022)1,185 36,538 (13,299)
Balance at December 31, 2025$(184,525)$(2,735)$(171,897)$(359,157)
The following table presents amounts recognized from accumulated other comprehensive income (loss) during the years ended December 31, 2025, 2024, and 2023:
202520242023Location of Amounts Recognized in Earnings
Effective portion of losses (gains) on cross currency swap20,532 (29,476)10,168 (a)
Provision for taxes3,901 (5,600)1,932 Provision for taxes
Total, net of taxes$16,631 $(23,876)$8,236 
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments, prior service cost, and settlement charge before taxes$16,312 $12,371 $8,240 (b)
Provision for taxes3,336 2,568 1,758 Provision for taxes
Total, net of taxes$12,976 $9,803 $6,482 
(a)The cross currency swap reflects an unrealized loss of $28.8 million and unrealized gain of $18.1 million and unrealized loss of $21.1 million recorded in other charges (income) during the years ended December 31, 2025, 2024, and 2023, respectively, that was offset by the underlying unrealized gain or loss on the hedged debt. The cross currency swap also reflects a realized gain of $8.3 million, $11.4 million, and $10.9 million recorded in interest expense during the years ended December 31, 2025, 2024, and 2023, respectively.
(b)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 13 for additional details.
v3.25.4
Equity Incentive Plan
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Equity Incentive Disclosure EQUITY INCENTIVE PLAN
The Company’s equity incentive plan provides employees and directors of the Company additional incentives to join and/or remain in the service of the Company as well as to maintain and enhance the long-term performance and profitability of the Company. The Company’s 2013 Equity Incentive Plan was approved by shareholders on May 2, 2013 and provides that 2 million shares of common stock, plus any shares that remained available for grant under the Company’s prior equity incentive plan as well as options outstanding that terminate without being exercised, may be the subject of awards. The plan provides for the grant of options, restricted stock units, and other equity-based awards. The exercise price of options granted shall not be less than the fair market value of the common stock on the date of the award. Options primarily vest equally over a five-year period from the date of grant and have a maximum term of up to 10 years. Performance share units generally vest after a three-year period from the date of the grant based upon satisfaction of the performance condition. Restricted share units primarily vest from the date of the grant equally over a three-year period for executive officers and a five-year period for participating managers. During 2025, the compensation committee of the Board of Directors generally granted restricted share units to participating managers and a combination of non-qualified stock options, performance share units and restricted share units to executive officers.
On May 6, 2021, the Company's shareholders approved the adoption of the Company's 2013 Equity Incentive Plan (Amended and Restated), with the effect that approximately 0.9 million additional shares of common stock were added to the 2.1 million shares that remained available under the plan prior to its amendment. In addition, shares subject to options granted under the Company's prior equity incentive plan that terminate or are forfeited without being exercised are also available for awards under the amended plan. The amended plan expires in 2031.
All share-based compensation arrangements granted to employees, including stock option grants, are recognized in the consolidated statement of operations based on the grant-date fair value of the award over the period during which an employee is required to provide service in exchange for the award. Share-
based compensation expense is recorded within selling, general, and administrative in the consolidated statement of operations with a corresponding offset to additional paid-in capital in the consolidated balance sheet.
The fair values of stock options granted were calculated using the Black-Scholes pricing model. The aggregate intrinsic value of an option is the amount by which the fair value of the underlying stock exceeds its exercise price. The following table summarizes all stock option activity from December 31, 2024 through December 31, 2025:
Number of
Options
Weighted Average
Exercise Price
Aggregate Intrinsic
Value (in millions)
Outstanding at December 31, 2024217,277 $881.92 $79.6 
Granted10,657 1,293.86 
Exercised(48,279)647.87 
Forfeited(4,068)1,144.98 
Expired(368)1,484.40 
Outstanding at December 31, 2025175,219 $964.09 $77.2 
Options exercisable at December 31, 2025125,930 $872.33 $67.0 
The following table details the weighted average remaining contractual life of options outstanding at December 31, 2025 by range of exercise prices:
Number of Options
Outstanding
Weighted Average
Exercise Price
Remaining Contractual
Life of Options
Outstanding
Options
Exercisable
53,469 $574.47 2.0153,469 
62,155 $947.69 5.9440,817 
59,595 $1,330.77 7.2831,644 
175,219  5.19125,930 
As of the date granted, the weighted average grant-date fair value of the options granted during the years ended December 31, 2025, 2024, and 2023 was $502.65, $494.81, and $400.30, respectively.
Such weighted average grant-date fair value was determined using the following assumptions:
202520242023
Risk-free interest rate3.86%4.31%4.64%
Expected life in years6.86.86.7
Expected volatility29%28%27%
Expected dividend yield— — — 
The total intrinsic value of options exercised during the years ended December 31, 2025, 2024, and 2023 was approximately $32.7 million, $62.9 million, and $68.7 million, respectively.
In November 2023, the Company also granted 7,137 performance options with a grant-date fair value of $2.9 million upon achievement of the performance target. The performance target is based on the Company’s cumulative average local currency sales growth rate over the four-year period ending December 31, 2027. If the performance target is met, the performance options cliff vest at the conclusion of the four-year period and will settle based upon actual performance ranging from zero to 150% of the
target. Compensation expense is recognized over the four-year period based on the estimated actual performance relative to the target.
The compensation expense for options recognized during the years ended December 31, 2025, 2024, and 2023 was $8.1 million, $8.4 million, and $6.0 million, respectively.
The following table summarizes all restricted stock unit and performance share unit activity from December 31, 2024 through December 31, 2025:
Number of Restricted
Stock Units
Aggregate Intrinsic Value (in millions)Number of Performance Share UnitsAggregate Intrinsic Value (in millions)
Outstanding at December 31, 202425,428 $31.110,415 $12.7
Granted12,437  2,781 
Adjustment for performance results achieved(1)
— (1,918)
Vested(8,224) — 
Forfeited(1,269) (60)
Outstanding at December 31, 202528,372 $39.611,218 $15.6
(1) 2021 performance share units vested in the first quarter 2025.
The weighted average grant-date fair value of the restricted stock units granted during the years ended 2025, 2024, and 2023 was $1,388.27, $1,260.96, and $1,029.48 per unit, respectively, which primarily vest ratably over a five-year period. The total fair value of the restricted stock units on the date of grant was $17.3 million for 2025, $12.2 million for 2024, and $12.8 million for 2023 and will be recorded as compensation expense on a straight-line basis over the vesting period. The total fair value of restricted stock units vested during the years ended December 31, 2025, 2024, and 2023 was approximately $9.9 million, $8.7 million, and $8.6 million, respectively. The compensation expense of $10.7 million, $8.3 million, and $8.8 million was recognized during the years ended December 31, 2025, 2024, and 2023, respectively.
The Company granted performance share units with a market condition during 2025, 2024, and 2023. Grantees of performance share units will be eligible to receive shares of the Company’s common stock depending upon the Company’s total shareholder return relative to the performance of companies in the S&P 500 Health Care and S&P 500 Industrials over a three-year period. The awards actually earned will range from zero to 200% of the targeted number of performance share units for the three-year performance period and will be paid, to the extent earned, in the fiscal quarter following the end of the applicable three-year performance period. During 2025, the market conditions for the 2022 performance share units were substantially not met. Performance share unit awards were valued using a Monte Carlo simulation based on the following assumptions:
202520242023
Risk-free interest rate3.69%4.24%4.71%
Expected life in years333
Expected volatility29%28%27%
Expected dividend yield— — — 
The weighted average grant-date fair value of the performance share units granted was $1,468.24 for 2025, $1,153.99 for 2024, and $1,103.23 for 2023. The total fair value of the performance share units on the date of the grant was $4.1 million, $3.6 million, and $3.3 million for 2025, 2024, and 2023,
respectively, and will be recorded as compensation expense on a straight-line basis over the three-year performance period.
The compensation expense for performance share units recognized during the years ended December 31, 2025, 2024, and 2023 was $3.7 million, $3.3 million, and $3.1 million, respectively.
At December 31, 2025, a total of 2,810,038 shares of common stock were available for grant in the form of stock options, restricted stock units, or performance share units.
As of December 31, 2025, the unrecorded deferred share-based compensation balance related to stock options, restricted stock units, and performance share units was $59.3 million and will be recognized using a straight-line method over an estimated weighted average amortization period of 2.2 years.
v3.25.4
Benefit Plans
12 Months Ended
Dec. 31, 2025
Defined Benefit Plan [Abstract]  
Benefits Plans Disclosure BENEFIT PLANS
The Company maintains a number of retirement and other post-retirement employee benefit plans.
Certain subsidiaries sponsor defined contribution plans. Benefits are determined and funded annually based upon the terms of the plans. Amounts recognized as cost under these plans amounted to $20.6 million, $18.7 million, and $20.1 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Certain subsidiaries sponsor defined benefit plans. Benefits are provided to employees primarily based upon years of service and employees’ compensation for certain periods during the last years of employment. Prior to 2002, the Company’s U.S. operations also provided post-retirement medical benefits to their employees. Contributions for medical benefits are related to employee years of service.
The following tables set forth the change in benefit obligation, the change in plan assets, the funded status, and amounts recognized in the consolidated financial statements for the Company’s defined benefit plans and post-retirement plan at December 31, 2025 and 2024:
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther BenefitsTotal
 20252024202520242025202420252024
Change in benefit obligation:      
Benefit obligation at beginning of year$99,881 $108,546 $924,869 $917,321 $521 $614 $1,025,271 $1,026,481 
Service cost, gross932 1,587 39,842 35,403 — — 40,774 36,990 
Interest cost4,804 4,766 14,352 17,792 23 26 19,179 22,584 
Actuarial losses (gains)2,445 (6,473)(1,173)69,564 43 13 1,315 63,104 
Plan amendments and other— — (25,630)101 (371)— (26,001)101 
Benefits paid(8,918)(8,545)(53,755)(53,103)(133)(132)(62,806)(61,780)
Impact of foreign currency— — 121,841 (62,209)— — 121,841 (62,209)
Benefit obligation at end of year$99,144 $99,881 $1,020,346 $924,869 $83 $521 $1,119,573 $1,025,271 
Change in plan assets:      
Fair value of plan assets at beginning of year$90,520 $86,061 $997,429 $1,010,177 $— $— $1,087,949 $1,096,238 
Actual return on plan assets10,327 7,788 98,841 64,883 — — 109,168 72,671 
Employer contributions2,157 5,216 27,972 26,088 132 132 30,261 31,436 
Plan participants’ contributions— — 20,563 19,287 — — 20,563 19,287 
Plan amendments and other— — (24,493)— — — (24,493)— 
Benefits paid(8,918)(8,545)(53,755)(53,103)(132)(132)(62,805)(61,780)
Impact of foreign currency— — 137,082 (69,903)— — 137,082 (69,903)
Fair value of plan assets at end of year$94,086 $90,520 $1,203,639 $997,429 $— $— $1,297,725 $1,087,949 
Funded status$(5,058)$(9,361)$183,293 $72,560 $(83)$(521)$178,152 $62,678 
The change in the benefit obligation for 2025 is primarily related to the impact of foreign currency offset in part by actuarial gains.
The accumulated benefit obligations at December 31, 2025 and 2024 were $99.1 million and $99.9 million, respectively, for the U.S. defined benefit pension plan and $859.2 million and $781.1 million, respectively, for all non-U.S. plans. Certain of the plans included within non-U.S. pension benefits have accumulated benefit obligations which exceed the fair value of plan assets. The projected benefit obligation, the accumulated benefit obligation, and fair value of assets of these plans as of December 31, 2025 were $105.2 million, $95.6 million, and $2.2 million, respectively. The projected benefit obligation, the accumulated benefit obligation, and fair value of assets of these plans as of December 31, 2024 were $146.0 million, $118.0 million, and $51.1 million, respectively.
Amounts recognized in the consolidated balance sheets consist of:
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther BenefitsTotal
 20252024202520242025202420252024
Other non-current assets$— $— $287,212 $174,006 $— $— $287,212 $174,006 
Accrued and other liabilities(147)(139)(5,957)(5,201)(82)(94)(6,186)(5,434)
Pension and other post-retirement liabilities(4,904)(9,223)(96,992)(95,276)— (426)(101,896)(104,925)
Accumulated other comprehensive loss (income)33,011 36,760 196,530 238,408 (210)74 229,331 275,242 
Total$27,960 $27,398 $380,793 $311,937 $(292)$(446)$408,461 $338,889 
The following amounts have been recognized in accumulated other comprehensive income (loss), before taxes at December 31, 2025 and have not yet been recognized as a component of net periodic pension cost:
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other BenefitsTotalTotal, After Tax
2025202420252024202520242025202420252024
Plan amendments and prior service cost$— $— $(13,470)$(16,140)$(497)$(202)$(13,967)$(16,342)$(10,906)$(18,212)
Actuarial losses (gains)33,011 36,760 210,000 254,548 287 276 243,298 291,584 194,174 $231,446 
Total$33,011 $36,760 $196,530 $238,408 $(210)$74 $229,331 $275,242 $183,268 $213,234 
The following changes in plan assets and benefit obligations were recognized in other comprehensive income (loss), before taxes, for the year ended December 31, 2025:
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other BenefitsTotalTotal, After Tax
Net actuarial losses (gains)$(2,179)$(56,098)$43 $(58,234)$(46,286)
Plan amendment— (447)(371)(818)(663)
Amortization of:
Actuarial (losses) gains(1,570)(17,944)(31)(19,545)(15,649)
Plan amendments and prior service cost— 3,241 75 3,316 2,673 
Impact of foreign currency— 29,370 — 29,370 23,387 
Total$(3,749)$(41,878)$(284)$(45,911)$(36,538)
The assumed discount rates and rates of increase in future compensation levels used in calculating the projected benefit obligations vary according to the economic conditions of the country in which the retirement plans are situated. The weighted average rates used for the purposes of the Company’s plans are as follows:
 U.S.Non-U.S.
 2025202420252024
Discount rate5.04%5.34%1.80%1.57%
Compensation increase raten/an/a0.75%0.81%
Expected long-term rate of return on plan assets6.50%6.75%4.07%4.06%
Interest crediting raten/an/a2.00%1.50%
The assumed discount rates, rates of increase in future compensation levels, and the long-term rate of return used in calculating the net periodic pension cost vary according to the economic conditions of the country in which the retirement plans are situated. The weighted average rates used for the purposes of the Company’s plans are as follows:
 U.S.Non-U.S.
 202520242023202520242023
Discount rate5.34%4.68%4.87%1.57%2.07%2.57%
Compensation increase raten/an/an/a0.81%0.84%0.87%
Expected long-term rate of return on plan assets6.75%6.75%6.75%4.06%3.84%3.84%
Net periodic pension cost and net periodic post-retirement benefit for the defined benefit plans and U.S. post-retirement plan include the following components for the years ended December 31:
U.S.Non-U.S.Other BenefitsTotal
202520242023202520242023202520242023202520242023
Service cost, net$932 $1,587 $1,155 $19,281 $16,116 $13,945 $— $— $— $20,213 $17,703 $15,100 
Interest cost on projected benefit obligations4,804 4,766 5,023 14,352 17,792 19,991 23 26 28 19,179 22,584 25,042 
Expected return on plan assets(5,712)(5,472)(5,532)(43,143)(37,084)(34,675)— — — (48,855)(42,556)(40,207)
Recognition of actuarial losses/(gains) and prior service cost1,571 2,082 2,192 14,703 10,356 6,061 (43)(43)(76)16,231 12,395 8,177 
Net periodic pension cost/(benefit)$1,595 $2,963 $2,838 $5,193 $7,180 $5,322 $(20)$(17)$(48)$6,768 $10,126 $8,112 
The projected post-retirement benefit obligation was principally determined using discount rates of 5.0% in 2025 and 2024. Net periodic post-retirement benefit cost was principally determined using discount rates of 5.0% in 2025, 4.5% in 2024, and 4.7% in 2023.
The Company’s overall asset investment strategy is to achieve long-term growth while minimizing volatility by widely diversifying among asset types and strategies. Target asset allocations and investment return criteria are established by the pension committee or designated officers of each plan. Target asset allocation ranges for the U.S. pension plan include 20-40% in equity securities, 55-75% in fixed income securities, and 5-10% in other types of investments. International plan assets relate primarily to the Company’s Swiss pension plan with target allocations of 25-40% in equities, 35-55% in fixed income securities, and 15-25% in other types of investments. Actual results are monitored against targets and the trustees are required to report to the members of each plan, including an analysis of investment performance on an annual basis at a minimum. Day-to-day asset management is typically performed by third-party asset managers, reporting to the pension committees or designated officers.
The long-term rate of return on plan asset assumptions used to determine pension expense under U.S. GAAP is generally based on estimated future returns for the target investment mix determined by the trustees as well as historical investment performance.
The following table presents the fair value measurement of the Company’s plan assets by hierarchy level:
 December 31, 2025December 31, 2024
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Observable
Inputs for
Identical
Assets
(Level 2)
Unobservable
Inputs
(Level 3)
TotalQuoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Observable
Inputs for
Identical
Assets
(Level 2)
Unobservable
Inputs
(Level 3)
Total
Asset Category:     
Cash and Cash Equivalents$64,103 $— $— $64,103 $48,420 $— $— $48,420 
Equity Securities:        
Mettler-Toledo Stock2,993 — — 2,993 2,632 — — 2,632 
Equity Mutual Funds:        
U.S.(1)
17,801 2,960 — 20,761 5,948 25,324 — 31,272 
International(2)
356,732 12,685 — 369,417 290,027 9,802 — 299,829 
Emerging Markets(3)
27,148 — — 27,148 20,536 — — 20,536 
Fixed Income Securities:        
Corporate/Government Bonds(4)
106,188 — — 106,188 92,878 — — 92,878 
Fixed Income Mutual Funds:       
Insurance Contracts(5)
— — 2,214 2,214 — 24,493 2,073 26,566 
Core Bond(6)
193,914 66,482 — 260,396 134,891 54,771 — 189,662 
Real Asset Mutual Funds:        
Real Estate(7)
— 228,624 — 228,624 — 183,332 — 183,332 
Commodities(8)
80,288 — — 80,288 62,401 — — 62,401 
Other Types of Investments:        
Debt Securities (9)
47,932 — — 47,932 41,989 — — 41,989 
Global Allocation Funds(10)
3,217 — — 3,217 4,505 — — 4,505 
Multi-Strategy Fund of Hedge Funds (11)
— 22,465 — 22,465 — 20,837 — 20,837 
Insurance Linked Securities(12)
620— — 620 669 — — 669 
Total assets in fair value hierarchy$900,936 $333,216 $2,214 $1,236,366 $704,896 $318,559 $2,073 $1,025,528 
Investments measured at net asset value:
Emerging Markets (13)
2,9946,093
Multi-Strategy Fund of Hedge Funds (13)
58,36556,328
Total pension assets at fair value$1,297,725 $1,087,949 
_____________________________________
(1)Represents primarily large capitalization equity mutual funds tracking the S&P 500 Index.
(2)Represents all capitalization core and value equity mutual funds located primarily in Switzerland, the United Kingdom, and Canada.
(3)Represents core and growth mutual funds and funds of mutual funds invested in emerging markets primarily in Eastern Europe, Latin America, and Asia.
(4)Represents investments in high-grade corporate and government bonds located in Switzerland and the European Union.
(5)Represents fixed and variable rate annuity contracts provided by insurance companies.
(6)Represents fixed income mutual funds invested in the U.S., the United Kingdom, Switzerland, and European government bonds, high-grade corporate bonds, mortgage-backed securities, and collateralized mortgage obligations.
(7)Represents mutual funds invested in real estate located primarily in Switzerland.
(8)Represents commodity funds invested across a broad range of sectors.
(9)Represents a loan to a wholly owned subsidiary of the Company. See Note 10 for additional disclosure.
(10)Represents mutual funds invested globally in both equities and fixed income securities.
(11)Represents currency hedged versions of the non-currency hedged equity funds held in the United Kingdom.
(12)Represents a broadly diversified portfolio of assets that carry exposure to insurance risks, particularly insurance linked securities.
(13)Investments that are measured using the net asset value (NAV) per share practical expedient have not been categorized in the fair value hierarchy. The amounts presented above are intended to permit reconciliation of the fair value hierarchy to the fair value of total plan assets in order to determine the amounts included in the consolidated balance sheet.
The fair values of the Company’s stock and corporate and government bonds are valued at the year-end closing price as reported on the securities exchange on which they are traded. Mutual funds are valued at the exchange-listed year-end closing price or at the net asset value of shares held by the fund at the end of the year. Insurance contracts are valued by discounting the related cash flows using a current year-end market rate or at cash surrender value, which is presumed to equal fair value. Funds of hedge funds are valued at the net asset value of shares held by the fund at the end of the year.
The following table presents a roll-forward of activity for the years ended December 31, 2025 and 2024 for Level 3 asset categories:
Insurance
Contracts
Balance at December 31, 2023$1,972 
Actual return on plan assets related to assets held at end of year42 
Purchases159 
Sales(8)
Impact of foreign currency(92)
Balance at December 31, 2024$2,073 
Actual return on plan assets related to assets held at end of year33 
Purchases110 
Sales(240)
Impact of foreign currency239 
Balance at December 31, 2025$2,214 
There were no transfers between any asset levels during the years ended December 31, 2025 and 2024.
The following benefit payments, which reflect expected future service as appropriate, are expected to be paid:
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other Benefits, Net of
Subsidy
Total
2026$8,763 $61,112 $84 $69,959 
20278,745 62,694 — 71,439 
20288,697 63,547 — 72,244 
20298,602 65,507 — 74,109 
20308,465 65,800 — 74,265 
2031-203538,586 307,820 — 346,406 
In 2026, the Company expects to make employer contributions of approximately $0.1 million to its U.S. pension plan, $29.9 million to its non-U.S. pension plan, and approximately $0.1 million to its U.S. post-retirement medical plan.
v3.25.4
Other Charges (Income), Net
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other Charges (Income), Net Disclosure OTHER CHARGES (INCOME), NET
Other charges (income), net consisted of net other income of $16.8 million, $4.6 million, and $4.1 million in 2025, 2024, and 2023, respectively. Other charges (income), net includes non-service pension costs (benefits), net (gains) losses from foreign currency transactions and hedging activities, interest income, and other items. Non-service pension benefits were $13.6 million, $7.7 million, and $7.6 million in 2025, 2024, and 2023, respectively. Other charges (income), net also includes acquisition transaction costs of $2.2 million in 2025 and $0.3 million in 2024. For the year ended December 31, 2025, it also includes a net benefit of $4.4 million related to contingent consideration associated with previous acquisitions.
v3.25.4
Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block] LEASES
The Company’s leases primarily comprise real estate and vehicles. Real estate leases are largely related to sales and marketing, service, and administrative offices, while vehicle leases are primarily related to the Company’s field sales and service organization. The consolidated balance sheet included the following balances as of December 31:
20252024Balance Sheet Location
Operating right-of-use assets, net$111,718 $106,830 
Finance right-of-use assets, net15,637 5,905 
Right-of-use assets, net$127,355 $112,735 Other non-current assets
Current operating lease liability$35,108 $29,074 Accrued and other liabilities
Current finance lease liability2,821741Short-term borrowings and current maturities of long-term debt
Non-current operating lease liability78,04381,956Other non-current liabilities
Non-current finance lease liability13,5095,414Long-term debt
Total lease liability$129,481 $117,185 
As of December 31, 2025, the Company had not entered into any material real estate operating leases expected to commence in 2026.
For the years ended December 31, 2025, 2024 and 2023, the Company had the following recorded in cost of sales, and selling, general, and administrative associated with leasing arrangements:
202520242023
Operating lease expense$40,288 $39,424 $37,849 
Finance lease expense
   Amortization of right-of-use assets1,791 744 526 
   Interest on lease liabilities469 252 144 
Variable lease expense11,767 9,841 7,022 
Short-term lease expense1,313 1,228 1,004 
Total lease expense$55,628 $51,489 $46,545 
Weighted average remaining lease term
   Operating leases5.2 years5.9 years6.5 years
   Finance leases5.5 years7.5 years7.8 years
Weighted average discount rate
   Operating leases4.2 %4.3 %4.1 %
   Finance leases5.0 %4.6 %4.4 %
Accruals and other on the consolidated statement of cash flows includes the amortization of the lease right-of-use asset of $38.0 million, $33.8 million, and $34.4 million, offset by a change in the lease liability of $37.9 million, $33.7 million, and $33.4 million, for the years ended December 31, 2025, 2024, and 2023, respectively. Lease payments within operating activities were $40.8 million, $36.6 million, and $36.6 million for the years ended December 31, 2025, 2024, and 2023, respectively. Lease payments from finance leases were $1.9 million, $0.8 million, and $0.6 million for the years ended December 31, 2025, 2024, and 2023, respectively. The Company also obtained non-cash lease right-of-use assets in exchange for lease liabilities of $32.8 million, $23.5 million, and $34.5 million for the years ended December 31, 2025, 2024, and 2023, respectively.
The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended December 31:
Finance LeasesOperating Leases
2026$3,798 $37,615 
20273,798 27,074 
20283,790 18,476 
20293,294 11,809 
20301,480 8,906 
Thereafter2,051 22,735 
Total lease payments18,211 126,615 
Less imputed interest(1,881)(13,464)
Total lease liability$16,330 $113,151 
v3.25.4
Commitments and Contingencies
12 Months Ended
Dec. 31, 2025
Leases, Operating [Abstract]  
Commitments and Contingencies Disclosure [Text Block] COMMITMENTS AND CONTINGENCIES
Legal
The Company is party to various legal proceedings, including certain environmental matters, incidental to the normal course of business. Management does not expect that any of such proceedings will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.
v3.25.4
Segment Reporting
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure SEGMENT REPORTING
The Company has five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other Operations. U.S. Operations represent certain of the Company’s marketing and producing organizations located in the United States. Western European Operations include the Company’s marketing and producing organizations in Western Europe, excluding operations located in Switzerland. Swiss Operations include marketing and producing organizations located in Switzerland as well as extensive R&D operations that are responsible for the development, production, and marketing of precision instruments, including weighing, analytical, and measurement technologies for use in a variety of laboratory and industrial applications. Chinese Operations represent the Company’s marketing and producing organizations located in China. The Company’s market organizations are geographically focused and are responsible for all aspects of the Company’s sales and service. Operations that exist outside these reportable segments are included in Other Operations.
The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. Our reportable segments comprise the structure used by our Chief Executive Officer, who is our Chief Operating Decision Maker (CODM), to make key operating decisions and assess performance. The Company evaluates performance based on segment profit for segment reporting (gross profit less research and development and selling, general, and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net, and taxes). Inter-segment sales and transfers are priced to reflect consideration of market conditions and the regulations of the countries in which the transferring entities are located.
v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We rely on our technology infrastructure and information systems to interact with suppliers, sell our products and services, fulfill orders, support our customers, and bill, collect, and make payments. Our internally developed system and processes, as well as those systems and processes provided by third-party vendors, may be susceptible to damage or interruption from cybersecurity threats, such as terrorist or hacker attacks, the introduction of malicious computer viruses, ransomware, falsification of banking and other information, insider risk, or other security breaches. Such attacks have become more and more sophisticated over the years and in some cases have been conducted or sponsored by governmental actors with significant means. We have implemented robust processes to assess, identify, and manage cybersecurity risks, including potentially material risks, related to our internal information systems, our products, and our business. Our Board of Directors has direct oversight of our enterprise risk management process, including the management of cybersecurity risks, as described below.
Under the direction and supervision of our Chief Financial Officer, we conduct an annual comprehensive enterprise risk assessment, which includes details of our management of enterprise-wide risk topics, such as those related to cybersecurity risks. The Board of Directors receives the full results of the annual enterprise risk assessment, including an evaluation of cybersecurity risks we face, risks more broadly across our peers and industries, and a detailed description of the actions we have taken to mitigate these risks. The Audit Committee of the Board of Directors reviews the results of the enterprise risk assessment in detail with management on an annual basis and reports on its review to the Board of Directors each year. We provide a comprehensive update to the Board of Directors on cybersecurity at least annually, and more frequently as relevant.
Our Chief Information Officer and Head of Cybersecurity serve on our Cybersecurity Steering Committee (the “Cyber SteCo”), along with our Chief Legal Officer, who reports to our Chief Executive Officer, and our Head of Financial Processes, who reports to our Chief Financial Officer. The Cyber SteCo, which meets monthly, develops and implements cybersecurity risk mitigation strategies and activities throughout the year, including the management of comprehensive incident response plans, and receives regular updates on cybersecurity-related matters.
Our Chief Information Officer, reporting to our Chief Executive Officer, has principal responsibility for assessing and managing cybersecurity risks and preparing updates for the Board of Directors. Our Chief Information Officer is also responsible for the operation of our cybersecurity program. Our Chief Information Officer is educated in business computing sciences and has over twenty years working in leadership, management, and consulting roles in digitalization, application management, and cybersecurity. Our Chief Information Officer also has experience implementing and leading global governance frameworks, including the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework and ISO 27001. An Advisory Board, comprised of the Chief Executive Officer, Chief Financial Officer and Chief Information Officer, meets quarterly to discuss digital initiatives and investments, inclusive of cybersecurity topics. An experienced team of IT security professionals reports to our Chief Information Officer.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] We rely on our technology infrastructure and information systems to interact with suppliers, sell our products and services, fulfill orders, support our customers, and bill, collect, and make payments. Our internally developed system and processes, as well as those systems and processes provided by third-party vendors, may be susceptible to damage or interruption from cybersecurity threats, such as terrorist or hacker attacks, the introduction of malicious computer viruses, ransomware, falsification of banking and other information, insider risk, or other security breaches. Such attacks have become more and more sophisticated over the years and in some cases have been conducted or sponsored by governmental actors with significant means. We have implemented robust processes to assess, identify, and manage cybersecurity risks, including potentially material risks, related to our internal information systems, our products, and our business.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Cyber SteCo oversees activities related to the monitoring, prevention, detection, mitigation, and remediation of cybersecurity risks. We have adopted the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework to continually evaluate and enhance our cybersecurity procedures. Activities include mandatory quarterly online training for all employees, technical security controls, enhanced data protection, the maintenance of backup and protective systems, policy review and implementation, the evaluation and retention of cybersecurity insurance, and periodic assessments of third-party service providers to assess the cyber preparedness of key vendors. To enhance our threat preparedness, we perform monthly vulnerability scans, annual penetration testing with a third party, and annual disaster recovery and cyber response drills, including third-party-facilitated drills. We use automated tools that monitor, detect, and prevent cybersecurity risks and have a third party operated security operations center that operates 24 hours a day to alert us to any potential cybersecurity threats. As noted above, our Cyber SteCo also has implemented comprehensive incident response plans that define the appropriate communication flow and response for certain categories of potential cybersecurity incidents. The Cyber SteCo escalates events, including to the Chief Executive Officer and Board of Directors, as deemed necessary.
The Cyber SteCo oversees our engagement with reputable third parties, which we utilize in connection with our established processes to assess, identify, and manage potential and actual cybersecurity threats, to actively monitor our systems internally using widely accepted digital applications, processes, and controls, and to provide forensic assistance to facilitate system recovery in the case of an incident.
If there is a cybersecurity incident, we may suffer interruptions in service, loss of assets or data, or reduced functionality. Many of our systems are not redundant, and our disaster recovery planning may not be sufficient for every eventuality a cybersecurity incident could cause. Security breaches of our systems which allow inappropriate access to or inadvertent transfer of information and misappropriation or unauthorized disclosure of confidential information belonging to us or to our employees, customers, or suppliers could result in our suffering significant financial and reputational damage. Customers may use our products and/or software to generate or manage critical information. Though we take steps to ensure our products and/or software are secure, it is possible that a cyber attack could result in the loss or compromise of critical information. If a customer alleges that a cyber attack causes or contributes to a loss or compromise of critical information, whether or not caused by us, we could face harm to our reputation and financial condition as it could cause us to incur legal liability and increased costs to respond to such events.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
Under the direction and supervision of our Chief Financial Officer, we conduct an annual comprehensive enterprise risk assessment, which includes details of our management of enterprise-wide risk topics, such as those related to cybersecurity risks. The Board of Directors receives the full results of the annual enterprise risk assessment, including an evaluation of cybersecurity risks we face, risks more broadly across our peers and industries, and a detailed description of the actions we have taken to mitigate these risks. The Audit Committee of the Board of Directors reviews the results of the enterprise risk assessment in detail with management on an annual basis and reports on its review to the Board of Directors each year. We provide a comprehensive update to the Board of Directors on cybersecurity at least annually, and more frequently as relevant.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Board of Directors receives the full results of the annual enterprise risk assessment, including an evaluation of cybersecurity risks we face, risks more broadly across our peers and industries, and a detailed description of the actions we have taken to mitigate these risks. The Audit Committee of the Board of Directors reviews the results of the enterprise risk assessment in detail with management on an annual basis and reports on its review to the Board of Directors each year. We provide a comprehensive update to the Board of Directors on cybersecurity at least annually, and more frequently as relevant.
Cybersecurity Risk Role of Management [Text Block]
Under the direction and supervision of our Chief Financial Officer, we conduct an annual comprehensive enterprise risk assessment, which includes details of our management of enterprise-wide risk topics, such as those related to cybersecurity risks. The Board of Directors receives the full results of the annual enterprise risk assessment, including an evaluation of cybersecurity risks we face, risks more broadly across our peers and industries, and a detailed description of the actions we have taken to mitigate these risks. The Audit Committee of the Board of Directors reviews the results of the enterprise risk assessment in detail with management on an annual basis and reports on its review to the Board of Directors each year. We provide a comprehensive update to the Board of Directors on cybersecurity at least annually, and more frequently as relevant.
Our Chief Information Officer and Head of Cybersecurity serve on our Cybersecurity Steering Committee (the “Cyber SteCo”), along with our Chief Legal Officer, who reports to our Chief Executive Officer, and our Head of Financial Processes, who reports to our Chief Financial Officer. The Cyber SteCo, which meets monthly, develops and implements cybersecurity risk mitigation strategies and activities throughout the year, including the management of comprehensive incident response plans, and receives regular updates on cybersecurity-related matters.
Our Chief Information Officer, reporting to our Chief Executive Officer, has principal responsibility for assessing and managing cybersecurity risks and preparing updates for the Board of Directors. Our Chief Information Officer is also responsible for the operation of our cybersecurity program. Our Chief Information Officer is educated in business computing sciences and has over twenty years working in leadership, management, and consulting roles in digitalization, application management, and cybersecurity. Our Chief Information Officer also has experience implementing and leading global governance frameworks, including the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework and ISO 27001. An Advisory Board, comprised of the Chief Executive Officer, Chief Financial Officer and Chief Information Officer, meets quarterly to discuss digital initiatives and investments, inclusive of cybersecurity topics. An experienced team of IT security professionals reports to our Chief Information Officer.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our Chief Information Officer, reporting to our Chief Executive Officer, has principal responsibility for assessing and managing cybersecurity risks and preparing updates for the Board of Directors. Our Chief Information Officer is also responsible for the operation of our cybersecurity program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our Chief Information Officer is educated in business computing sciences and has over twenty years working in leadership, management, and consulting roles in digitalization, application management, and cybersecurity. Our Chief Information Officer also has experience implementing and leading global governance frameworks, including the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework and ISO 27001.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Under the direction and supervision of our Chief Financial Officer, we conduct an annual comprehensive enterprise risk assessment, which includes details of our management of enterprise-wide risk topics, such as those related to cybersecurity risks. The Board of Directors receives the full results of the annual enterprise risk assessment, including an evaluation of cybersecurity risks we face, risks more broadly across our peers and industries, and a detailed description of the actions we have taken to mitigate these risks. The Audit Committee of the Board of Directors reviews the results of the enterprise risk assessment in detail with management on an annual basis and reports on its review to the Board of Directors each year. We provide a comprehensive update to the Board of Directors on cybersecurity at least annually, and more frequently as relevant.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Cash and Cash Equivalents, Policy
Cash and Cash Equivalents
Cash and cash equivalents include highly liquid investments with original maturity dates of three months or less. The carrying value of these cash equivalents approximates fair value.
Trade Accounts Receivable, Policy
Trade Accounts Receivable
Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for expected credit losses represents the Company’s best estimate based on current and historical information and reasonable and supportable forecasts of future events and circumstances.
Inventories, Policy
Inventories
Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor, and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, expected future orders, and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required.
Property, Plant and Equipment, Policy
Long-Lived Assets
a)Property, Plant, and Equipment
Property, plant, and equipment are stated at cost less accumulated depreciation. Repair and maintenance costs are charged to expense as incurred. The Company capitalizes certain direct costs related to the acquisition and development of internal-use computer software. Externally purchased software is capitalized when the Company obtains legal ownership and is amortized over its useful life ranging from three to five years. Internally developed software costs for internal use are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs associated with internal-use software are amortized on a straight-line basis over 10 years. Fully depreciated assets other than capitalized internally developed software are retained in property, plant, and equipment and accumulated depreciation accounts until disposal.
Depreciation and amortization are charged on a straight-line basis over the estimated useful lives of the assets as follows:
Buildings and improvements15 to 50 years
Machinery and equipment3 to 12 years
Computer software3 to 10 years
Leasehold improvementsShorter of useful life or lease term
Goodwill and Intangible Assets, Policy Goodwill and Other Intangible Assets
Goodwill, representing the excess of purchase price over the fair value of the net assets of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluations of goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative factors to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount.
If the Company is unable to conclude whether the goodwill or indefinite-lived intangible asset is not impaired after considering the totality of events and circumstances during its qualitative assessment, the Company performs a quantitative assessment by estimating the fair value of the respective reporting unit or indefinite-lived intangible asset and comparing the fair value to the carrying amount. If the carrying amount of the reporting unit or indefinite-lived intangible asset exceeds its fair value, an impairment charge equal to the difference is recognized.
Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period to be benefited. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 - Business Combinations and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 - Intangible - Goodwill and Other and ASC 360 - Property, Plant, and Equipment.
Accounting for Impairment of Long Lived Assets, Policy
Accounting for Impairment of Long-Lived Assets
The Company assesses the need to record impairment losses on long-lived assets (asset group) with finite lives when events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. An impairment loss would be recognized when future estimated undiscounted cash flows expected to result from use and eventually disposition of that asset (asset group) are less than the asset’s carrying value, with the loss measured as the difference between carrying value and estimated fair value.
Income Tax, Policy
Taxation
The Company files tax returns in each jurisdiction in which it operates. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities, their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in the respective jurisdictions in which the Company operates. In assessing the ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance is based on management’s estimates of future taxable income and application of relevant income tax law.
Deferred taxes are not provided on the unremitted earnings of subsidiaries outside of the United States when it is expected that these earnings are permanently reinvested. Such earnings may become taxable upon the sale or liquidation of these subsidiaries or upon the remittance of dividends. Deferred taxes are provided when the Company no longer considers subsidiary earnings to be permanently invested, such as in situations where the Company’s subsidiaries plan to make future dividend distributions.
In accordance with the Tax Cuts and Jobs Act, the Company treats taxes due on future Global Intangible Low-Taxed Income (GILTI) inclusions in U.S. taxable income as a current period expense when incurred.
The Company recognizes accrued amounts of interest and penalties related to its uncertain tax positions as part of income tax expense within its consolidated statement of operations.
Currency Transactions and Translations Policy
Currency Translation and Transactions
The reporting currency for the consolidated financial statements of the Company is the U.S. dollar. The functional currency for the Company’s operations is generally the applicable local currency. Accordingly, the assets and liabilities of companies whose functional currency is other than the U.S. dollar are included in the consolidated financial statements by translating the assets and liabilities into the reporting currency at the exchange rates applicable at the end of the reporting period. The statements of operations and cash flows of such non-U.S. dollar functional currency operations are translated at the monthly weighted average exchange rates during the year. Translation gains or losses are accumulated in other comprehensive income (loss) in the consolidated statements of shareholders’ equity. Transaction gains and losses are included as a component of net earnings or in certain circumstances as a component of other comprehensive income (loss) where the underlying item is considered a hedge of a net investment or relates to intercompany notes that are long term in nature.
Revenue Recognition, Policy
Revenue Recognition
Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred based upon shipping terms. To the extent the Company’s contracts have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are
included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end-customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The related provisions for estimated returns and rebates are immaterial to the consolidated financial statements.
Certain of the Company’s product arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company’s control. The allocation of revenue between the performance obligations is based on the observable stand-alone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install, and geographic location.
Software is generally not considered a distinct performance obligation with the exception of a limited number of small software applications. The Company primarily sells software products with the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products.
Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period.
Lessee, Leases [Policy Text Block]
Leases
The Company considers an arrangement a lease if the arrangement transfers the right to control the use of an identified asset in exchange for consideration.
Lease right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make payments arising from the lease agreement. These assets and liabilities are recognized at the commencement of the lease based upon the present value of the lease payments over the lease term. Lease payments include both lease and non-lease components for items or activities that transfer a good or service. Vehicle lease and non-lease components are separately accounted for based on stand-alone value. Real estate lease and non-lease components are accounted for as a single component. Operating lease right-of-use assets include initial direct costs, advanced lease payments, and lease incentives.
The lease term reflects the noncancellable period of the lease together with periods covered by an option to extend or terminate the lease when management is reasonably certain that it will exercise such option. The Company applies its incremental borrowing rate at the lease commencement date in determining the present value of lease payments as the information necessary to determine the rate implicit in the lease is not readily available. The incremental borrowing rate reflects similar terms by geographic location to the underlying leases. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Operating lease expense is recognized on a straight-line basis over the lease term. Finance lease expense includes amortization of the right-of-use asset and interest on the lease liability, both recognized over the lease term. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the right-of-use asset and lease liabilities and are expensed as incurred. Short-term leases are less than one year without purchase or renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. The right-of-use asset is tested for impairment in accordance with ASC 360.
Research and Development Expense, Policy
Research and Development
Research and development costs primarily consist of salaries, consulting, and other costs. The Company expenses these costs as incurred.
Employee Termination Benefits, Policy
Restructuring Charges
Restructuring charges include costs associated with exit and disposal activities including employee termination benefits, contract termination, and other costs associated with various cost saving initiatives undertaken by the Company.
In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period.
Earnings per Common Share, Policy
Earnings per Common Share
In accordance with the treasury stock method, the Company has included 61,519, 98,803, and 123,406 common equivalent shares in the calculation of diluted weighted average number of common shares for the years ended December 31, 2025, 2024, and 2023, respectively, relating to outstanding stock options and restricted stock units.
Outstanding options and restricted stock units to purchase or receive 72,637, 61,040, and 54,840 shares of common stock for the years ended December 31, 2025, 2024, and 2023, respectively, have been excluded from the calculation of diluted weighted average number of common and common equivalent shares as such options and restricted stock units would be anti-dilutive.
Equity Based Compensation, Policy
Equity-Based Compensation
All share-based compensation arrangements granted to employees, including stock option grants, are recognized in the consolidated statement of operations based on the grant-date fair value of the award over the period during which an employee is required to provide service in exchange for the award.
Derivatives Financial Instruments, Policy
Derivative Financial Instruments
The Company has limited involvement with derivative financial instruments and does not use them for trading purposes. As described more fully in Note 6, the Company enters into certain interest rate and cross currency swap agreements in order to manage its exposure to changes in interest rates. These agreements limit the Company's exposure on interest rate fluctuations on the underlying debt. The Company also enters into foreign currency forward exchange contracts to economically hedge certain short-term intercompany balances involving its international businesses. Such contracts limit the Company’s exposure to currency fluctuations on the underlying hedged item. These contracts are adjusted to fair market value as of each balance sheet date, with the resulting changes in fair value being recognized in other charges (income), consistent with the underlying hedged item.
Fair Value Measurements, Policy
Fair Value Measurements
The Company measures or monitors certain assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities in which fair value is the primary basis of accounting, mainly derivative instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The Company applies the fair value hierarchy established under U.S. GAAP and when possible looks to active and observable markets to price identical assets and liabilities. If identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities.
Business Combination [Policy Text Block]
Business Combinations and Asset Acquisitions
The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company’s consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred.
In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net.
New Accounting Pronouncements, Policy [Policy Text Block]
Recent Accounting Pronouncements
In November 2023, the FASB issued ASU 2023-07: Improvements to Reportable Segment Disclosures, which requires incremental disclosures about a public entity's reportable segments but does not change the definition of a segment or the guidance for determining reportable segments. The Company adopted these annual disclosure requirements on a retrospective basis in 2024. See Note 18 for the required reportable segments disclosures.
In December 2023, the FASB issued ASU 2023-09: Improvements to Income Tax Disclosures, which enhances income tax disclosures, especially related to the rate reconciliation and income taxes paid
information. The Company adopted these annual disclosure requirements on a prospective basis in 2025. See Note 14 for the required income tax disclosures.
In November 2024, the FASB issued ASU 2024-03: Disaggregation of Income Statement Expenses, which requires disclosures about the nature of expenses presented on the face of the income statement. The Company will adopt the annual disclosure requirements in 2027 and is currently evaluating the impact of this guidance on the consolidated financial statements.
In September 2025, the FASB issued ASU 2025-06: Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software costs. The guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. The Company has not determined when and how it will adopt this guidance and is currently evaluating the impact on the consolidated financial statements.
In December 2025, the FASB issued ASU 2025-12: Codification Improvements, which updates U.S. GAAP for a broad range of topics arising from technical corrections, unintended application of the codification, clarifications, and other minor improvements. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the potential impact, if any, on the consolidated financial statements.
v3.25.4
Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block] A summary by the Company’s reportable segments follows for the years ended December 31:
Twelve months ended December 31, 2025U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,081,541 $162,354 $603,735 $574,258 $585,917 $3,007,805 
Service Revenue:
Point in time
307,630 35,639 190,756 42,548 155,594 732,167 
Over time
107,031 12,865 101,480 18,027 47,024 286,427 
Total$1,496,202 $210,858 $895,971 $634,833 $788,535 $4,026,399 
Twelve months ended December 31, 2024U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,042,479 $174,484 $593,502 $565,118 $554,645 $2,930,228 
Service Revenue:
Point in time
290,266 31,746 176,459 45,587 140,162 684,220 
Over time
96,757 12,350 88,041 17,742 43,023 257,913 
Total$1,429,502 $218,580 $858,002 $628,447 $737,830 $3,872,361 
Twelve months ended December 31, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$1,039,766 $147,792 $542,707 $656,834 $519,562 $2,906,661 
Service Revenue:
Point in time
279,234 29,917 170,343 45,127 131,214 655,835 
Over time
84,919 10,970 79,857 16,857 33,210 225,813 
Total$1,403,919 $188,679 $792,907 $718,818 $683,986 $3,788,309 
The Company's global revenue mix by product category for the year ended December 31, 2025 is laboratory (56% of sales), industrial (39% of sales), and retail (5% of sales). The Company’s product revenue by reportable segment is proportionately similar to the Company’s global mix with the exception of the Company’s Swiss Operations, which is largely comprised of laboratory products, and the Company’s Chinese Operations, which has a slightly higher percentage of industrial products. A breakdown of the Company’s sales by product category for the year ended December 31 follows:
202520242023
Laboratory$2,241,106 $2,185,979 $2,068,807 
Industrial1,579,353 1,490,026 1,490,445 
Retail205,940 196,356 229,057 
Total net sales$4,026,399 $3,872,361 $3,788,309 
A breakdown of net sales to external customers by geographic customer destination, net for the year ended December 31 follows:
 202520242023
Americas$1,679,423 $1,606,292 $1,568,210 
Europe1,160,968 1,100,399 1,015,498 
Asia/Rest of World1,186,008 1,165,670 1,204,601 
Total$4,026,399 $3,872,361 $3,788,309 
Contract with Customer, Asset and Liability [Table Text Block]
202520242023
Beginning balances as of January 1$204,166 $202,022 $192,759 
Customer prepayments/deferred revenue744,971 656,890 670,178 
Revenue recognized(727,755)(643,067)(663,165)
Foreign currency translation7,996 (11,679)2,250 
Ending balance as of December 31$229,378 $204,166 $202,022 
v3.25.4
Inventories (Tables)
12 Months Ended
Dec. 31, 2025
INVENTORIES [Abstract]  
Schedule of Inventory, Current [Table Text Block]
20252024
Raw materials and parts$171,600 $161,416 
Work-in-progress77,146 69,488 
Finished goods138,482 111,370 
Total inventory$387,228 $342,274 
v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Measurements [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
 20252024Balance Sheet Location
Foreign currency forward contracts not designated as hedging instruments$3,167 $7,949 Other current assets and prepaid expenses
Cash flow hedges:
Cross currency swap agreement— 855 Other current assets and prepaid expenses
Cross currency swap agreement— 398 Other non-current assets
Total derivative assets$3,167 $9,202 
Foreign currency forward contracts not designated as hedging instruments$5,237 $4,078 Accrued and other liabilities
Cash flow hedges:
Cross currency swap agreements14,287 — Accrued and other liabilities
Cross currency swap agreements17,889 4,463 Other non-current liabilities
Total derivative liabilities$37,413 $8,541 
v3.25.4
Property, Plant and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment [Table Text Block]
20252024
Land$71,493 $61,693 
Building and leasehold improvements466,670 404,699 
Machinery and equipment572,926 511,411 
Computer software556,331 489,387 
Property, plant, and equipment, gross1,667,420 1,467,190 
Less accumulated depreciation and amortization(821,784)(696,910)
Property, plant, and equipment, net$845,636 $770,280 
v3.25.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
20252024
Balance at beginning of year$668,914 $670,108 
Goodwill acquired55,998 5,897 
Goodwill disposed— (175)
Foreign currency translation14,313 (6,916)
Balance at year end$739,225 $668,914 
Schedule Of Finite Lived And Indefinite Lived Intangible Assets By Major Class [Table Text Block]
 20252024
Gross
Amount
Accumulated
Amortization
Intangibles, NetGross
Amount
Accumulated
Amortization
Intangibles, Net
Customer relationships$331,229 $(133,460)$197,769 $289,178 $(116,812)$172,366 
Proven technology and patents132,247 (93,025)39,222 123,971 (80,634)43,337 
Tradenames (finite life)8,476 (6,555)1,921 7,853 (5,308)2,545 
Tradenames (indefinite life)35,795 — 35,795 35,088 — 35,088 
Other14,285 (10,082)4,203 12,426 (8,619)3,807 
 $522,032 $(243,122)$278,910 $468,516 $(211,373)$257,143 
v3.25.4
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt .    DEBT
Debt consisted of the following at December 31:
20252024
4.24% $125 million 10-year Senior Notes due June 25, 2025— 125,000 
3.91% $75 million 10-year Senior Notes due June 25, 202975,000 75,000 
5.45% $150 million 10-year Senior Notes due March 1, 2033150,000 150,000 
2.83% $125 million 12-year Senior Notes due July 22, 2033125,000 125,000 
3.19% $50 million 15-year Senior Notes due January 24, 203550,000 50,000 
2.81% $150 million 15-year Senior Notes due March 17, 2037150,000 150,000 
2.91% $150 million 15-year Senior Notes due September 1, 2037150,000 150,000 
1.47% EUR 125 million 15-year Senior Notes due June 17, 2030146,753 129,840 
1.30% EUR 135 million 15-year Senior Notes due November 6, 2034158,493 140,227 
1.06% EUR 125 million 15-year Senior Notes due March 19, 2036146,753 129,840 
3.80% EUR 100 million 10 1/2-year Senior Notes due July 9, 2035117,402 — 
Senior Notes debt issuance costs, net(3,833)(4,260)
Total Senior Notes1,265,568 1,220,647 
$1.35 billion Credit Agreement, interest at benchmark plus 87.5 basis points(1)(2)
809,215 730,203 
Other local arrangements77,389 63,038 
Total debt2,152,172 2,013,888 
Less: current portion(63,931)(182,623)
Total long-term debt$2,088,241 $1,831,265 
v3.25.4
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Rollforward Of Accumulated Other Comprehensive Income [Table Text Block]
Currency Translation Adjustment, Net of TaxNet Unrealized
Gain (Loss) on
Cash Flow Hedging Arrangements,
Net of Tax
Pension and Post-Retirement Benefit Related Items,
Net of Tax
Total
Balance at December 31, 2022$(82,864)$4,256 $(148,625)$(227,233)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — (48,800)(48,800)
Net unrealized gains (loss) on cash flow hedging arrangements— (12,372)— (12,372)
Foreign currency translation adjustment(34,366)— (11,762)(46,128)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— 8,236 6,482 14,718 
Net change in other comprehensive income (loss), net of tax(34,366)(4,136)(54,080)(92,582)
Balance at December 31, 2023$(117,230)$120 $(202,705)$(319,815)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — (26,769)(26,769)
Net unrealized gains (loss) on cash flow hedging arrangements— 19,836 — 19,836 
Foreign currency translation adjustment(16,273)— 11,236 (5,037)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— (23,876)9,803 (14,073)
Net change in other comprehensive income (loss), net of tax(16,273)(4,040)(5,730)(26,043)
Balance at December 31, 2024$(133,503)$(3,920)$(208,435)$(345,858)
Other comprehensive income (loss), net of tax:
Net unrealized actuarial gains (loss), prior service cost, and plan amendments— — 46,949 46,949 
Net unrealized gains (loss) on cash flow hedging arrangements— (15,446)— (15,446)
Foreign currency translation adjustment(51,022)— (23,387)(74,409)
Amounts recognized from accumulated other comprehensive income (loss), net of tax— 16,631 12,976 29,607 
Net change in other comprehensive income (loss), net of tax(51,022)1,185 36,538 (13,299)
Balance at December 31, 2025$(184,525)$(2,735)$(171,897)$(359,157)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
202520242023Location of Amounts Recognized in Earnings
Effective portion of losses (gains) on cross currency swap20,532 (29,476)10,168 (a)
Provision for taxes3,901 (5,600)1,932 Provision for taxes
Total, net of taxes$16,631 $(23,876)$8,236 
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments, prior service cost, and settlement charge before taxes$16,312 $12,371 $8,240 (b)
Provision for taxes3,336 2,568 1,758 Provision for taxes
Total, net of taxes$12,976 $9,803 $6,482 
v3.25.4
Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Table of Performance Share Unit Monte Carlo Assumptions [Table Text Block]
202520242023
Risk-free interest rate3.69%4.24%4.71%
Expected life in years333
Expected volatility29%28%27%
Expected dividend yield— — — 
Schedule of Stock Options, Activity
Number of
Options
Weighted Average
Exercise Price
Aggregate Intrinsic
Value (in millions)
Outstanding at December 31, 2024217,277 $881.92 $79.6 
Granted10,657 1,293.86 
Exercised(48,279)647.87 
Forfeited(4,068)1,144.98 
Expired(368)1,484.40 
Outstanding at December 31, 2025175,219 $964.09 $77.2 
Options exercisable at December 31, 2025125,930 $872.33 $67.0 
Schedule Shares Outstanding under Stock Option Plans, by Exercise Price Range
Number of Options
Outstanding
Weighted Average
Exercise Price
Remaining Contractual
Life of Options
Outstanding
Options
Exercisable
53,469 $574.47 2.0153,469 
62,155 $947.69 5.9440,817 
59,595 $1,330.77 7.2831,644 
175,219  5.19125,930 
Schedule of Stock Options, Valuation Assumptions
202520242023
Risk-free interest rate3.86%4.31%4.64%
Expected life in years6.86.86.7
Expected volatility29%28%27%
Expected dividend yield— — — 
Schedule Restricted Stock Units, Activity
Number of Restricted
Stock Units
Aggregate Intrinsic Value (in millions)Number of Performance Share UnitsAggregate Intrinsic Value (in millions)
Outstanding at December 31, 202425,428 $31.110,415 $12.7
Granted12,437  2,781 
Adjustment for performance results achieved(1)
— (1,918)
Vested(8,224) — 
Forfeited(1,269) (60)
Outstanding at December 31, 202528,372 $39.611,218 $15.6
v3.25.4
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Defined Benefit Plan [Abstract]  
Schedule of Defined Benefit Plans Disclosures
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther BenefitsTotal
 20252024202520242025202420252024
Change in benefit obligation:      
Benefit obligation at beginning of year$99,881 $108,546 $924,869 $917,321 $521 $614 $1,025,271 $1,026,481 
Service cost, gross932 1,587 39,842 35,403 — — 40,774 36,990 
Interest cost4,804 4,766 14,352 17,792 23 26 19,179 22,584 
Actuarial losses (gains)2,445 (6,473)(1,173)69,564 43 13 1,315 63,104 
Plan amendments and other— — (25,630)101 (371)— (26,001)101 
Benefits paid(8,918)(8,545)(53,755)(53,103)(133)(132)(62,806)(61,780)
Impact of foreign currency— — 121,841 (62,209)— — 121,841 (62,209)
Benefit obligation at end of year$99,144 $99,881 $1,020,346 $924,869 $83 $521 $1,119,573 $1,025,271 
Change in plan assets:      
Fair value of plan assets at beginning of year$90,520 $86,061 $997,429 $1,010,177 $— $— $1,087,949 $1,096,238 
Actual return on plan assets10,327 7,788 98,841 64,883 — — 109,168 72,671 
Employer contributions2,157 5,216 27,972 26,088 132 132 30,261 31,436 
Plan participants’ contributions— — 20,563 19,287 — — 20,563 19,287 
Plan amendments and other— — (24,493)— — — (24,493)— 
Benefits paid(8,918)(8,545)(53,755)(53,103)(132)(132)(62,805)(61,780)
Impact of foreign currency— — 137,082 (69,903)— — 137,082 (69,903)
Fair value of plan assets at end of year$94,086 $90,520 $1,203,639 $997,429 $— $— $1,297,725 $1,087,949 
Funded status$(5,058)$(9,361)$183,293 $72,560 $(83)$(521)$178,152 $62,678 
The change in the benefit obligation for 2025 is primarily related to the impact of foreign currency offset in part by actuarial gains.
Schedule of Amounts Recognized in Balance Sheet
 U.S. Pension BenefitsNon-U.S. Pension BenefitsOther BenefitsTotal
 20252024202520242025202420252024
Other non-current assets$— $— $287,212 $174,006 $— $— $287,212 $174,006 
Accrued and other liabilities(147)(139)(5,957)(5,201)(82)(94)(6,186)(5,434)
Pension and other post-retirement liabilities(4,904)(9,223)(96,992)(95,276)— (426)(101,896)(104,925)
Accumulated other comprehensive loss (income)33,011 36,760 196,530 238,408 (210)74 229,331 275,242 
Total$27,960 $27,398 $380,793 $311,937 $(292)$(446)$408,461 $338,889 
Schedule of Net Periodic Benefit Cost Not yet Recognized
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other BenefitsTotalTotal, After Tax
2025202420252024202520242025202420252024
Plan amendments and prior service cost$— $— $(13,470)$(16,140)$(497)$(202)$(13,967)$(16,342)$(10,906)$(18,212)
Actuarial losses (gains)33,011 36,760 210,000 254,548 287 276 243,298 291,584 194,174 $231,446 
Total$33,011 $36,760 $196,530 $238,408 $(210)$74 $229,331 $275,242 $183,268 $213,234 
Schedule of Changes in Accumulated Postemployment Benefit Obligations
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other BenefitsTotalTotal, After Tax
Net actuarial losses (gains)$(2,179)$(56,098)$43 $(58,234)$(46,286)
Plan amendment— (447)(371)(818)(663)
Amortization of:
Actuarial (losses) gains(1,570)(17,944)(31)(19,545)(15,649)
Plan amendments and prior service cost— 3,241 75 3,316 2,673 
Impact of foreign currency— 29,370 — 29,370 23,387 
Total$(3,749)$(41,878)$(284)$(45,911)$(36,538)
Schedule of Assumptions Used in Computing Benefit Obligation
 U.S.Non-U.S.
 2025202420252024
Discount rate5.04%5.34%1.80%1.57%
Compensation increase raten/an/a0.75%0.81%
Expected long-term rate of return on plan assets6.50%6.75%4.07%4.06%
Interest crediting raten/an/a2.00%1.50%
Schedule of Assumptions Used in Computing Pension Cost
 U.S.Non-U.S.
 202520242023202520242023
Discount rate5.34%4.68%4.87%1.57%2.07%2.57%
Compensation increase raten/an/an/a0.81%0.84%0.87%
Expected long-term rate of return on plan assets6.75%6.75%6.75%4.06%3.84%3.84%
Schedule of Net Benefit Costs [Table Text Block]
Net periodic pension cost and net periodic post-retirement benefit for the defined benefit plans and U.S. post-retirement plan include the following components for the years ended December 31:
U.S.Non-U.S.Other BenefitsTotal
202520242023202520242023202520242023202520242023
Service cost, net$932 $1,587 $1,155 $19,281 $16,116 $13,945 $— $— $— $20,213 $17,703 $15,100 
Interest cost on projected benefit obligations4,804 4,766 5,023 14,352 17,792 19,991 23 26 28 19,179 22,584 25,042 
Expected return on plan assets(5,712)(5,472)(5,532)(43,143)(37,084)(34,675)— — — (48,855)(42,556)(40,207)
Recognition of actuarial losses/(gains) and prior service cost1,571 2,082 2,192 14,703 10,356 6,061 (43)(43)(76)16,231 12,395 8,177 
Net periodic pension cost/(benefit)$1,595 $2,963 $2,838 $5,193 $7,180 $5,322 $(20)$(17)$(48)$6,768 $10,126 $8,112 
Schedule of Allocation of Plan Assets
 December 31, 2025December 31, 2024
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Observable
Inputs for
Identical
Assets
(Level 2)
Unobservable
Inputs
(Level 3)
TotalQuoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Observable
Inputs for
Identical
Assets
(Level 2)
Unobservable
Inputs
(Level 3)
Total
Asset Category:     
Cash and Cash Equivalents$64,103 $— $— $64,103 $48,420 $— $— $48,420 
Equity Securities:        
Mettler-Toledo Stock2,993 — — 2,993 2,632 — — 2,632 
Equity Mutual Funds:        
U.S.(1)
17,801 2,960 — 20,761 5,948 25,324 — 31,272 
International(2)
356,732 12,685 — 369,417 290,027 9,802 — 299,829 
Emerging Markets(3)
27,148 — — 27,148 20,536 — — 20,536 
Fixed Income Securities:        
Corporate/Government Bonds(4)
106,188 — — 106,188 92,878 — — 92,878 
Fixed Income Mutual Funds:       
Insurance Contracts(5)
— — 2,214 2,214 — 24,493 2,073 26,566 
Core Bond(6)
193,914 66,482 — 260,396 134,891 54,771 — 189,662 
Real Asset Mutual Funds:        
Real Estate(7)
— 228,624 — 228,624 — 183,332 — 183,332 
Commodities(8)
80,288 — — 80,288 62,401 — — 62,401 
Other Types of Investments:        
Debt Securities (9)
47,932 — — 47,932 41,989 — — 41,989 
Global Allocation Funds(10)
3,217 — — 3,217 4,505 — — 4,505 
Multi-Strategy Fund of Hedge Funds (11)
— 22,465 — 22,465 — 20,837 — 20,837 
Insurance Linked Securities(12)
620— — 620 669 — — 669 
Total assets in fair value hierarchy$900,936 $333,216 $2,214 $1,236,366 $704,896 $318,559 $2,073 $1,025,528 
Investments measured at net asset value:
Emerging Markets (13)
2,9946,093
Multi-Strategy Fund of Hedge Funds (13)
58,36556,328
Total pension assets at fair value$1,297,725 $1,087,949 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Insurance
Contracts
Balance at December 31, 2023$1,972 
Actual return on plan assets related to assets held at end of year42 
Purchases159 
Sales(8)
Impact of foreign currency(92)
Balance at December 31, 2024$2,073 
Actual return on plan assets related to assets held at end of year33 
Purchases110 
Sales(240)
Impact of foreign currency239 
Balance at December 31, 2025$2,214 
Schedule of Expected Benefit Payments
U.S. Pension
Benefits
Non-U.S. Pension
Benefits
Other Benefits, Net of
Subsidy
Total
2026$8,763 $61,112 $84 $69,959 
20278,745 62,694 — 71,439 
20288,697 63,547 — 72,244 
20298,602 65,507 — 74,109 
20308,465 65,800 — 74,265 
2031-203538,586 307,820 — 346,406 
v3.25.4
Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
202520242023
United States$151,383 $128,053 $142,078 
Non-United States897,526 909,170 831,650 
Earnings before taxes$1,048,909 $1,037,223 $973,728 
Schedule of Components of Income Tax Expense (Benefit)
CurrentDeferredTotal
Year ended December 31, 2025:
United States federal$1,764 $9,668 $11,432 
United States state and local8,838 892 9,730 
Non-United States151,643 6,911 158,554 
Total$162,245 $17,471 $179,716 
Year ended December 31, 2024:   
United States federal$13,591 $(6,881)$6,710 
United States state and local5,782 973 6,755 
Non-United States159,926 692 160,618 
Total$179,299 $(5,216)$174,083 
Year ended December 31, 2023:   
United States federal$20,036 $(10,949)$9,087 
United States state and local8,946 (838)8,108 
Non-United States169,341 (1,586)167,755 
Total$198,323 $(13,373)$184,950 
Schedule of Effective Income Tax Rate Reconciliation
20242023
Expected tax$217,817 $204,483 
United States state and local income taxes, net of federal income tax benefit5,504 6,858 
Non-United States income taxes at other than U.S. federal rate(21,489)(14,611)
Excess tax benefits from stock option exercises(11,875)(13,674)
Benefit related to the settlement of a tax audit(22,982)— 
Other, net7,108 1,894 
Total provision for taxes$174,083 $184,950 
Schedule of Deferred Tax Assets and Liabilities
20252024
Deferred tax assets:  
Inventory$33,153 $26,803 
Lease liability, accrued and other liabilities84,232 100,030 
Accrued post-retirement benefit and pension costs20,835 27,972 
Net operating loss and other tax carryforwards54,181 44,464 
Swiss tax reform intangible assets50,300 51,662 
Other9,337 10,460 
Total deferred tax assets252,038 261,391 
Less valuation allowance(68,122)(73,171)
Total deferred tax assets less valuation allowance183,916 188,220 
Deferred tax liabilities:  
Inventory5,648 10,416 
Lease right-of-use assets and other assets27,876 25,990 
Property, plant, and equipment99,706 85,189 
Acquired intangibles amortization65,342 64,627 
Prepaid post-retirement benefit and pension costs61,715 43,547 
International earnings27,422 16,367 
Unrealized currency gains6,611 11,451 
Total deferred tax liabilities294,320 257,587 
Net deferred tax (liability) asset$(110,404)$(69,367)
Schedule of Unrecognized Tax Benefits Rollforward
20252024
Unrecognized tax benefits at beginning of year$45,435 $58,225 
Increases related to current tax positions6,030 10,399 
Increases related to prior year tax positions7,574 — 
Decreases related to prior year tax positions(2,206)(1,169)
Decreases related to the settlement of a tax audit(13,385)(19,980)
Impact of foreign currency4,629 (2,040)
Unrecognized tax benefits at end of year$48,077 $45,435 
v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Lessee, Operating Leases, Statement of Position location and balances [Table Text Block]
20252024Balance Sheet Location
Operating right-of-use assets, net$111,718 $106,830 
Finance right-of-use assets, net15,637 5,905 
Right-of-use assets, net$127,355 $112,735 Other non-current assets
Current operating lease liability$35,108 $29,074 Accrued and other liabilities
Current finance lease liability2,821741Short-term borrowings and current maturities of long-term debt
Non-current operating lease liability78,04381,956Other non-current liabilities
Non-current finance lease liability13,5095,414Long-term debt
Total lease liability$129,481 $117,185 
 
Lease, Cost [Table Text Block]
202520242023
Operating lease expense$40,288 $39,424 $37,849 
Finance lease expense
   Amortization of right-of-use assets1,791 744 526 
   Interest on lease liabilities469 252 144 
Variable lease expense11,767 9,841 7,022 
Short-term lease expense1,313 1,228 1,004 
Total lease expense$55,628 $51,489 $46,545 
Weighted average remaining lease term
   Operating leases5.2 years5.9 years6.5 years
   Finance leases5.5 years7.5 years7.8 years
Weighted average discount rate
   Operating leases4.2 %4.3 %4.1 %
   Finance leases5.0 %4.6 %4.4 %
 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]  
The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended December 31:
Finance LeasesOperating Leases
2026$3,798 $37,615 
20273,798 27,074 
20283,790 18,476 
20293,294 11,809 
20301,480 8,906 
Thereafter2,051 22,735 
Total lease payments18,211 126,615 
Less imputed interest(1,881)(13,464)
Total lease liability$16,330 $113,151 
v3.25.4
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following tables show the operations of the Company’s reportable segments:
Year ended December 31, 2025U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Net sales to external customers$1,496,202 $210,858 $895,971 $634,833 $788,535 $— $4,026,399 
Net sales to other segments152,955 836,217 202,552 329,690 40,862 (1,562,276)— 
Total net sales1,649,157 1,047,075 1,098,523 964,523 829,397 (1,562,276)4,026,399 
Segment cost of sales(c)
735,302 509,333 497,294 437,368 452,584 
Segment period expense(d)
538,495 254,028 374,558 182,245 235,111 
Unallocated expense / eliminations179,398 
Segment profit$375,360 $283,714 $226,671 $344,910 $141,702 $(179,398)$1,192,959 
Year ended December 31, 2024U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Net sales to external customers$1,429,502 $218,580 $858,002 $628,447 $737,830 $— $3,872,361 
Net sales to other segments153,759 801,749 185,321 320,196 21,738 (1,482,763)— 
Total net sales1,583,261 1,020,329 1,043,323 948,643 759,568 (1,482,763)3,872,361 
Segment cost of sales(c)
690,498 498,505 486,823 422,130 421,489 
Segment period expense(d)
499,698 241,178 350,199 180,713 213,895 
Unallocated expense / eliminations150,073 
Segment profit$393,065 $280,646 $206,301 $345,800 $124,184 $(150,073)$1,199,923 
Year ended December 31, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Net sales to external customers$1,403,919 $188,679 $792,907 $718,818 $683,986 $— $3,788,309 
Net sales to other segments137,192 761,114 188,963 278,027 20,600 (1,385,896)— 
Total net sales1,541,111 949,793 981,870 996,845 704,586 (1,385,896)3,788,309 
Segment cost of sales(c)
689,004 436,494 455,596 448,341 400,634 
Segment period expense(d)
487,055 231,818 347,601 181,410 197,714 
Unallocated expense / eliminations146,642 
Segment profit$365,052 $281,481 $178,673 $367,094 $106,238 $(146,642)$1,151,896 
(a)Other Operations includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries.
(b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
(c)Segment cost of sales includes variable production and other costs.
(d)Segment period expense includes certain manufacturing, field service costs, research and development, and selling, general and administrative costs.
A reconciliation of segment profit to earnings before taxes follows:
202520242023
Segment profit$1,192,959 $1,199,923 $1,151,896 
Amortization(74,469)(72,869)(72,213)
Interest expense(68,515)(74,631)(77,366)
Restructuring charges(17,868)(19,771)(32,735)
Other income, net16,802 4,571 4,146 
Earnings before taxes$1,048,909 $1,037,223 $973,728 
The following tables show the additional disclosures for the Company’s reportable segments:
Year ended December 31, 2025U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Depreciation$16,772 $6,847 $5,818 $9,326 $5,948 $6,430 $51,141 
Total assets$4,368,650 $4,254,653 $1,793,515 $1,048,600 $559,453 $(8,312,225)$3,712,646 
Purchase of property, plant, and equipment$(15,010)$(8,314)$(7,084)$(19,489)$(5,685)$(51,542)$(107,124)
Goodwill$568,639 $29,489 $107,359 $630 $33,108 $— $739,225 
Year ended December 31, 2024U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Depreciation$16,970 $7,086 $5,339 $9,434 $5,353 $6,170 $50,352 
Total assets$4,081,688 $3,780,506 $1,505,017 $854,023 $416,314 $(7,397,549)$3,239,999 
Purchase of property, plant, and equipment$(16,542)$(9,504)$(6,340)$(14,355)$(11,683)$(45,474)$(103,898)
Goodwill$532,394 $25,601 $97,426 $597 $12,896 $— $668,914 
Year ended December 31, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Depreciation$15,863 $7,017 $5,351 $9,609 $4,297 $6,814 $48,951 
Total assets$3,848,003 $3,554,911 $1,533,297 $989,955 $408,200 $(6,978,811)$3,355,555 
Purchase of property, plant, and equipment$(36,269)$(8,030)$(5,052)$(10,133)$(12,380)$(33,459)$(105,323)
Goodwill$526,392 $27,532 $101,653 $621 $13,910 $— $670,108 
(a)Other Operations includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries.
(b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] A breakdown of net sales to external customers by geographic customer destination and property, plant, and equipment by geographic destination for the years ended December 31 follows:
Net SalesProperty, Plant, and
Equipment, Net
 20252024202320252024
United States$1,420,729 $1,358,761 $1,346,468 $207,331 $216,317 
Other Americas258,694 247,531 221,742 22,248 12,485 
Total Americas1,679,423 1,606,292 1,568,210 229,579 228,802 
Germany242,624 236,292 221,482 33,901 31,320 
France164,605 152,821 139,304 19,824 19,706 
United Kingdom89,069 84,438 79,455 27,712 28,056 
Switzerland95,412 93,599 91,564 358,610 310,775 
Other Europe569,258 533,249 483,693 33,046 25,969 
Total Europe1,160,968 1,100,399 1,015,498 473,093 415,826 
China626,832 621,794 707,592 103,452 89,733 
Rest of World559,176 543,876 497,009 39,512 35,919 
Total Asia/Rest of World1,186,008 1,165,670 1,204,601 142,964 125,652 
Total$4,026,399 $3,872,361 $3,788,309 $845,636 $770,280 
v3.25.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Property, Plant and Equipment Useful Life
Buildings and improvements15 to 50 years
Machinery and equipment3 to 12 years
Computer software3 to 10 years
Leasehold improvementsShorter of useful life or lease term
v3.25.4
Summary of Significant Accounting Policies 2 (Details) - shares
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment Useful Life      
Incremental Common Shares Attributable to Share-based Payment Arrangements 61,519 98,803 123,406
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 72,637 61,040 54,840
Capitalized Software Costs [Member]      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life 10 years    
Minimum [Member] | Building and Building Improvements      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life 15 years    
Minimum [Member] | Machinery and Equipment      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life 3 years    
Minimum [Member] | Software      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life 3 years    
Maximum [Member] | Building and Building Improvements      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life   50 years  
Maximum [Member] | Machinery and Equipment      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life   12 years  
Maximum [Member] | Software      
Property, Plant and Equipment Useful Life      
Property, Plant and Equipment, Useful Life   10 years  
v3.25.4
Revenue from Contracts with Customers (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax $ 4,026,399 $ 3,872,361 $ 3,788,309  
Net Sales 4,026,399 3,872,361 3,788,309  
Revenues 4,026,399 3,872,361 3,788,309  
Contract with Customer, Asset, after Allowance for Credit Loss 32,300 32,600    
Contract with Customer, Liability 229,378 204,166 202,022 $ 192,759
Customer prepayments and deferred revenue 744,971 656,890 670,178  
Contract with Customer, Liability, Revenue Recognized (727,755) (643,067) (663,165)  
Temporary Equity, Foreign Currency Translation Adjustments 7,996 (11,679) 2,250  
Product [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 3,007,805 2,930,228 2,906,661  
Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 3,007,805 2,930,228 2,906,661  
Service [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 1,018,594 942,133 881,648  
Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 732,167 684,220 655,835  
Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax $ 286,427 257,913 225,813  
Laboratory products and services [Member]        
Disaggregation of Revenue [Line Items]        
Percentage of Disaggregated Revenue in Relationship to Segments 56.00%      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,241,106      
Revenues   2,185,979 2,068,807  
Industrial products and services [Member]        
Disaggregation of Revenue [Line Items]        
Percentage of Disaggregated Revenue in Relationship to Segments 39.00%      
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,579,353      
Revenues   1,490,026 1,490,445  
Retail products and services [Member]        
Disaggregation of Revenue [Line Items]        
Percentage of Disaggregated Revenue in Relationship to Segments 5.00%      
Revenue from Contract with Customer, Excluding Assessed Tax $ 205,940      
Revenues   196,356 229,057  
US Operations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 1,496,202 1,429,502 1,403,919  
US Operations [Member] | Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 1,081,541 1,042,479 1,039,766  
US Operations [Member] | Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 307,630 290,266 279,234  
US Operations [Member] | Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 107,031 96,757 84,919  
Swiss Operations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 210,858 218,580 188,679  
Swiss Operations [Member] | Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 162,354 174,484 147,792  
Swiss Operations [Member] | Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 35,639 31,746 29,917  
Swiss Operations [Member] | Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 12,865 12,350 10,970  
Western European Operations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 895,971 858,002 792,907  
Western European Operations [Member] | Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 603,735 593,502 542,707  
Western European Operations [Member] | Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 190,756 176,459 170,343  
Western European Operations [Member] | Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 101,480 88,041 79,857  
Chinese Operations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 634,833 628,447 718,818  
Chinese Operations [Member] | Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 574,258 565,118 656,834  
Chinese Operations [Member] | Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 42,548 45,587 45,127  
Chinese Operations [Member] | Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 18,027 17,742 16,857  
Other Operations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 788,535 737,830 683,986  
Other Operations [Member] | Product [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 585,917 554,645 519,562  
Other Operations [Member] | Service [Member] | Transferred at Point in Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax 155,594 140,162 131,214  
Other Operations [Member] | Service [Member] | Transferred over Time [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax $ 47,024 $ 43,023 $ 33,210  
v3.25.4
Acquisitions Business Combinations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Business Combination [Line Items]      
Payment for Contingent Consideration Liability, Financing Activities $ 0 $ 0 $ 7,767
Goodwill, Acquired During Period 55,998 5,897  
Amortization of Intangible Assets $ 28,500 27,100 27,600
Other Acquisitions [Member]      
Business Combination [Line Items]      
Business Combination, Consideration Transferred   10,100 5,800
Asset Acquisition, Contingent Consideration [Line Items]      
Business Combination, Consideration Transferred   $ 10,100 $ 5,800
v3.25.4
Inventories (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
INVENTORIES [Abstract]    
Raw Materials and Supplies $ 171,600 $ 161,416
Work in Process 77,146 69,488
Finished Goods 138,482 111,370
Inventory, Net $ 387,228 $ 342,274
v3.25.4
Financial Instruments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Long Term Debt Percentage Bearing Fixed Interest Percentage 71.00%    
Gain/Loss on FX Effectiveness   $ 0  
Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months $ 4,500    
Designated as Hedging Instrument [Member] | 2.52% $50 Million Interest Rate Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/Loss on IR Effectiveness 0 0  
Designated as Hedging Instrument [Member] | Cross Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/Loss on FX Effectiveness 0    
Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Amount of Hedged Item 1,200,000 788,600  
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments $ 2,100 $ (2,000) $ 19,700
v3.25.4
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Fair Value, Gross Asset $ 3,200 $ 9,200
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Accrued and other liabilities Accrued and other liabilities
Derivative Liability $ 37,400 $ 8,500
Cash Equivalents, at Carrying Value 5,100 3,700
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Fair Value, Gross Asset 3,167 9,202
Derivative Liability, Fair Value, Gross Liability 37,413 8,541
Change in Carrying Value Verse Fair Value of Long Term Debt 185,700  
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value 3,167 7,949
Foreign Currency Contract, Current Asset, Fair Value 0 855
Foreign Currency Contract, Asset, Fair Value Disclosure 0 398
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value 5,237 4,078
Foreign Currency Cash Flow Hedge Liability at Fair Value 17,889 4,463
Short-Term Cross Currency Swap | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Cash Flow Hedge Liability at Fair Value $ 14,287 $ 0
v3.25.4
Property, Plant and Equipment, Net (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment    
Property, Plant and Equipment, Gross $ 1,667,420 $ 1,467,190
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment (821,784) (696,910)
Total Property, Plant and Equipment, Net 845,636 770,280
Land [Member]    
Property, Plant and Equipment    
Property, Plant and Equipment, Gross 71,493 61,693
Building and Building Improvements    
Property, Plant and Equipment    
Property, Plant and Equipment, Gross 466,670 404,699
Machinery and Equipment    
Property, Plant and Equipment    
Property, Plant and Equipment, Gross 572,926 511,411
Software    
Property, Plant and Equipment    
Property, Plant and Equipment, Gross $ 556,331 $ 489,387
v3.25.4
Goodwill and Other Intangible Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Goodwill, Beginning $ 668,914 $ 670,108
Goodwill, Acquired During Period 55,998 5,897
Goodwill, Written off Related to Sale of Business Unit 0 (175)
Goodwill, Translation Adjustments 14,313 (6,916)
Goodwill, Ending $ 739,225 $ 668,914
v3.25.4
Goodwill and Other Intangible Assets 1 (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite Life and Indefinite Life Intangible Assets    
Intangible Assets, Net (Excluding Goodwill) $ 278,910 $ 257,143
Intangible Assets Excluding Goodwill Gross 522,032 468,516
Intangible Assets Accumulated Amortization (243,122) (211,373)
Customer Relationships [Member]    
Finite Life and Indefinite Life Intangible Assets    
Finite-Lived Intangible Assets, Gross 331,229 289,178
Finite-Lived Intangible Assets, Accumulated Amortization (133,460) (116,812)
Intangible Assets, Net (Excluding Goodwill) 197,769 172,366
Proven technology and patents    
Finite Life and Indefinite Life Intangible Assets    
Finite-Lived Intangible Assets, Gross 132,247 123,971
Finite-Lived Intangible Assets, Accumulated Amortization (93,025) (80,634)
Intangible Assets, Net (Excluding Goodwill) 39,222 43,337
Tradename (Finite Life)    
Finite Life and Indefinite Life Intangible Assets    
Finite-Lived Intangible Assets, Gross 8,476 7,853
Finite-Lived Intangible Assets, Accumulated Amortization (6,555) (5,308)
Intangible Assets, Net (Excluding Goodwill) 1,921 2,545
Tradename (Indefinite Life)    
Finite Life and Indefinite Life Intangible Assets    
Intangible Assets, Net (Excluding Goodwill) 35,795 35,088
Indefinite-lived Intangible Assets (Excluding Goodwill) 35,795 35,088
Other Intangible Assets [Member]    
Finite Life and Indefinite Life Intangible Assets    
Finite-Lived Intangible Assets, Gross 14,285 12,426
Finite-Lived Intangible Assets, Accumulated Amortization (10,082) (8,619)
Intangible Assets, Net (Excluding Goodwill) $ 4,203 $ 3,807
v3.25.4
Goodwill and Other Intangible Assets Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amortization of Intangible Assets $ 28.5 $ 27.1 $ 27.6
Future Amortization Expense, Year One 28.6    
Future Amortization Expense, Year Two 27.8    
Future Amortization Expense, Year Three 25.1    
Future Amortization Expense, Year Four 23.0    
Future Amortization Expense, Year Five 22.0    
Amortization Of Acquired Intangible Asset Net Of Tax 27.3 25.9 26.4
Purchased Intangibles, Net of Tax 21.1 20.1 20.5
Capitalized Computer Software, Amortization $ 45.8 $ 45.6 $ 44.4
Minimum [Member]      
Finite-Lived Intangible Assets, Useful Life, Minimum 3 years    
Maximum [Member]      
Finite-Lived Intangible Assets, Useful Life, Minimum 45 years    
v3.25.4
Debt - Schedule of Debt (Details)
12 Months Ended
Dec. 31, 2025
USD ($)
Rate
Dec. 31, 2025
EUR (€)
Rate
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]      
Senior Notes $ 1,265,568,000   $ 1,220,647,000
Debt issuance costs, net (3,833,000)   (4,260,000)
Other Borrowings 77,389,000   63,038,000
Total debt 2,152,172,000   2,013,888,000
Less: current portion (63,931,000)   (182,623,000)
Long-term debt 2,088,241,000   1,831,265,000
Line of Credit Facility, Maximum Borrowing Capacity $ 1,350,000,000   1.25
Debt Instrument, Term 10 years    
Line of Credit [Member]      
Debt Instrument [Line Items]      
$1.1 billion Credit Agreement, interest at LIBOR plus 87.5 basis points(1) $ 809,215,000   730,203,000
Debt Instrument, Maturity Date Jun. 15, 2023    
Debt Instrument, Basis Spread on Variable Rate | Rate 0.875%    
Line of Credit Facility, Remaining Borrowing Capacity $ 536,300,000    
3.67% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 50,000,000    
Debt Instrument, Interest Rate, Stated Percentage 3.67% 3.67%  
Debt Instrument, Maturity Date Dec. 17, 2022    
3.8% Euro Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes | €   € 100,000  
Debt Instrument, Interest Rate, Stated Percentage | Rate 3.80% 3.80%  
5.45 Percent Senior Notes      
Debt Instrument [Line Items]      
Senior Notes $ 150,000,000    
Debt Instrument, Interest Rate, Stated Percentage 5.45% 5.45%  
4.10% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 50,000,000    
Debt Instrument, Interest Rate, Stated Percentage 4.10% 4.10%  
Debt Instrument, Maturity Date Sep. 19, 2023    
Debt Instrument, Term 10 years    
3.84% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 0    
Debt Instrument, Interest Rate, Stated Percentage 3.84% 3.84%  
Debt Instrument, Maturity Date Sep. 19, 2024    
Debt Instrument, Term 10 years    
4.24% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 0   125,000,000
Debt Instrument, Interest Rate, Stated Percentage 4.24% 4.24%  
Debt Instrument, Maturity Date Jun. 25, 2025    
Debt Instrument, Term 10 years    
3.91% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 75,000,000   75,000,000
Debt Instrument, Interest Rate, Stated Percentage 3.91% 3.91%  
Debt Instrument, Maturity Date Jun. 25, 2029    
Debt Instrument, Term 10 years    
3.19% Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 50,000,000 € 50,000,000 50,000,000
Debt Instrument, Interest Rate, Stated Percentage 3.19% 3.19%  
Debt Instrument, Maturity Date Jan. 24, 2035    
Debt Instrument, Term 15 years    
1.47% EURO Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 146,753,000 € 125,000,000 129,840,000
Debt Instrument, Interest Rate, Stated Percentage 1.47% 1.47%  
Debt Instrument, Maturity Date Jun. 17, 2030    
Debt Instrument, Term 15 years    
1.30% Euro-Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 158,493,000 € 135,000,000 140,227,000
Debt Instrument, Interest Rate, Stated Percentage 1.30% 1.30%  
Debt Instrument, Maturity Date Nov. 06, 2034    
Debt Instrument, Term 15 years    
2.83% Senior Notes      
Debt Instrument [Line Items]      
Senior Notes $ 125,000,000   125,000,000
1.06% Euro-Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior Notes $ 146,753,000 € 125,000,000 129,840,000
Debt Instrument, Interest Rate, Stated Percentage 1.06% 1.06%  
5.45% Senior Notes      
Debt Instrument [Line Items]      
Senior Notes $ 150,000,000   150,000,000
2.81% Senior Notes      
Debt Instrument [Line Items]      
Senior Notes 150,000,000   150,000,000
2.91% Senior Notes      
Debt Instrument [Line Items]      
Senior Notes $ 150,000,000   $ 150,000,000
v3.25.4
Debt - Narrative (Details)
€ in Thousands, SFr in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Rate
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2025
EUR (€)
Rate
Dec. 31, 2025
CHF (SFr)
Rate
Debt Instrument [Line Items]          
Debt, Weighted Average Interest Rate | Rate 3.20%     3.20% 3.20%
Senior Notes $ 1,265,568,000 $ 1,220,647,000      
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax 65,600,000 25,000,000.0 $ 12,900,000    
Cumulative (gain) loss in other other comprehensive income related to the change in a net investment hedge. 23,300,000        
Line of Credit Facility, Maximum Borrowing Capacity $ 1,350,000,000 1.25      
Debt Instrument, Covenant Compliance The Company was in compliance with its covenants at December 31, 2025.        
Debt Issuance Costs, Gross $ 3,800,000        
Line of Credit [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Remaining Borrowing Capacity $ 536,300,000        
Debt Instrument, Maturity Date Jun. 15, 2023        
Debt Instrument, Basis Spread on Variable Rate | Rate 0.875%        
1.47% EURO Senior Notes [Member]          
Debt Instrument [Line Items]          
Senior Notes $ 146,753,000 129,840,000   € 125,000  
Debt Instrument, Interest Rate, Stated Percentage 1.47%     1.47% 1.47%
Debt Instrument, Maturity Date Jun. 17, 2030        
1.30% Euro-Senior Notes [Member]          
Debt Instrument [Line Items]          
Senior Notes $ 158,493,000 140,227,000   € 135,000  
Debt Instrument, Interest Rate, Stated Percentage 1.30%     1.30% 1.30%
Debt Instrument, Maturity Date Nov. 06, 2034        
Swiss Pension Loans [Member]          
Debt Instrument [Line Items]          
Swiss Pension Loans (local currency) | SFr         SFr 38
Debt Instrument, Basis Spread on Variable Rate | Rate 87.50%        
Swiss Pension Loans (Consolidated currency) $ 48,000,000        
1.06% Euro-Senior Notes [Member]          
Debt Instrument [Line Items]          
Senior Notes $ 146,753,000 129,840,000   € 125,000  
Debt Instrument, Interest Rate, Stated Percentage 1.06%     1.06% 1.06%
2.83% Senior Notes          
Debt Instrument [Line Items]          
Senior Notes $ 125,000,000 $ 125,000,000      
v3.25.4
Shareholders' Equity Other Comprehensive Income Rollforward (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated Other Comprehensive Income (Loss), Net of Tax $ (359,157) $ (345,858) $ (319,815) $ (227,233)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax 46,949 (26,769) (48,800)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax (15,446) 19,836 (12,372)  
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (74,409) (5,037) (46,128)  
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax   (14,073)    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (Deprecated 2025)     (8,236)  
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent 29,607   14,718  
Other Comprehensive Income (Loss), Net of Tax (13,299) (26,043) (92,582)  
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated Other Comprehensive Income (Loss), Net of Tax (184,525) (133,503) (117,230) (82,864)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax 0 0 0  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax 0 0 0  
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (51,022) (16,273) (34,366)  
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0    
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax     0  
Other Comprehensive Income (Loss), Net of Tax (51,022) (16,273) (34,366)  
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] (Deprecated 2025)        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated Other Comprehensive Income (Loss), Net of Tax (2,735) (3,920) 120 4,256
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax 0 0 0  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax (15,446) 19,836 (12,372)  
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 0 0 0  
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 16,631 (23,876)    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (Deprecated 2025)     8,236  
Other Comprehensive Income (Loss), Net of Tax 1,185 (4,040) (4,136)  
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated Other Comprehensive Income (Loss), Net of Tax (171,897) (208,435) (202,705) $ (148,625)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax 46,949 (26,769) (48,800)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax 0 0 0  
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (23,387) 11,236 (11,762)  
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 12,976      
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax   9,803 6,482  
Other Comprehensive Income (Loss), Net of Tax $ 36,538 $ (5,730) $ (54,080)  
v3.25.4
Shareholders' Equity Amounts recognized from accumulated other comprehensive income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Stockholders' Equity Note [Abstract]      
Cross Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net $ 20,532 $ (29,476) $ 10,168
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax 3,901 (5,600)  
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax (Deprecated 2025)     1,932
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (16,631) 23,876  
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (Deprecated 2025)     8,236
Amortization of actuarial (gains) losses and plan amendments and prior service cost 16,312 12,371 8,240
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent 3,336 2,568 1,758
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax $ 12,976 $ 9,803 $ 6,482
v3.25.4
Shareholders' Equity Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]      
Cross Currency Swap interest portion recognized in income $ 28,800 $ 18,100 $ 21,100
Common Stock, Shares Authorized 125,000,000 125,000,000  
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01  
Common Stock, Voting Rights one    
Common Stock Reserved for Issuance to the Stock Option Plans 3,288,861    
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]      
Preferred Stock, Shares Authorized 10,000,000 10,000,000  
Preferred Stock, Par Value $ 0.01 $ 0.01  
Stock Repurchase Program, Additional Authorized Amount $ 2,750,000    
Share Repurchase Program and Treasury Stock [Abstract]      
Stock Repurchase Program, Remaining Authorized Repurchase Amount $ 3,700,000    
Shares Repurchased Under Share Repurchase Program 33,000,000.0    
Share Repurchase Program, Total Cost Program to Date $ 10,600,000    
Repurchases of Common Stock, Value $ (799,995) $ (849,997) $ (900,000)
Repurchases of Common Stock, Shares 646,608 645,139 (691,913)
Treasury Stock Acquired, Average Cost Per Share $ 1,237.18 $ 1,317.52 $ 1,300.72
Exercise of stock options and restricted stock units, shares 56,500 68,428 79,076
Cross Currency Swap Revaluation Portion Recognized in Earnings $ (8,300) $ 11,400 $ 10,900
v3.25.4
Equity Incentive Plan Rollforward of Stock Options (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]    
Options, Outstanding, Number, Beginning 217,277  
Options, Grants in Period, Net of Forfeitures 10,657  
Options, Exercises in Period (48,279)  
Options, Forfeitures in Period (4,068)  
Options, Expirations in Period (368)  
Options, Outstanding, Number, Ending 175,219  
Options, Exercisable, Number 125,930  
Aggregate Intrinsic Value [Abstract]    
Options, Outstanding, Intrinsic Value $ 77.2 $ 79.6
Options, Exercisable, Intrinsic Value $ 67.0  
Weighted Average Exercise Price [Abstract]    
Options, Outstanding, Weighted Average Exercise Price, Beginning $ 881.92  
Options, Grants in Period, Weighted Average Exercise Price 1,293.86  
Options, Exercises in Period, Weighted Average Exercise Price 647.87  
Options, Forfeitures in Period, Weighted Average Exercise Price 1,144.98  
Options, Expirations in Period, Weighted Average Exercise Price 1,484.4  
Options, Outstanding, Weighted Average Exercise Price, Ending 964.09  
Options, Exercisable, Weighted Average Exercise Price $ 872.33  
v3.25.4
Equity Incentive Plan Weighted Average Remaining Contractual Life (Details) - $ / shares
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award    
Options, Outstanding, Number 175,219 217,277
Options, Outstanding, Weighted Average Exercise Price $ 964.09 $ 881.92
Options, Outstanding, Weighted Average Remaining Contractual Term 5 years 2 months 8 days  
Options, Exercisable, Number 125,930  
$1.00-$450.00 Range of Exercise Price    
Share-based Compensation Arrangement by Share-based Payment Award    
Options, Outstanding, Number 53,469  
Options, Outstanding, Weighted Average Exercise Price $ 574.47  
Options, Outstanding, Weighted Average Remaining Contractual Term 2 years 3 days  
Options, Exercisable, Number 53,469  
$450.0-$1000.0 Range of Exercise Price    
Share-based Compensation Arrangement by Share-based Payment Award    
Options, Outstanding, Number 62,155  
Options, Outstanding, Weighted Average Exercise Price $ 947.69  
Options, Outstanding, Weighted Average Remaining Contractual Term 5 years 11 months 8 days  
Options, Exercisable, Number 40,817  
$1000.0 and above Range of Exercise Price    
Share-based Compensation Arrangement by Share-based Payment Award    
Options, Outstanding, Number 59,595  
Options, Outstanding, Weighted Average Exercise Price $ 1,330.77  
Options, Outstanding, Weighted Average Remaining Contractual Term 7 years 3 months 10 days  
Options, Exercisable, Number 31,644  
v3.25.4
Equity Incentive Plan Weighted Average Grant Date Fair Value (Details)
12 Months Ended
Dec. 31, 2025
Rate
Dec. 31, 2024
Rate
Dec. 31, 2023
Rate
Share-based Payment Arrangement, Option [Member]      
Share-based Compensation Arrangement by Share-based Payment Award      
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate 3.86% 4.31% 4.64%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term 6 years 9 months 18 days 6 years 9 months 18 days 6 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate 29.00% 28.00% 27.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 0.00% 0.00% 0.00%
Performance Shares [Member]      
Share-based Compensation Arrangement by Share-based Payment Award      
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate 3.69% 4.24% 4.71%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term 3 years 3 years 3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate 29.00% 28.00% 27.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 0.00% 0.00% 0.00%
v3.25.4
Equity Incentive Plan RSUs and PSUs Rollforward (Details) - $ / shares
$ / shares in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]    
Restricted Stock Units, Nonvested, Intrinsic Value $ 39.6 $ 31.1
Performance Stock Units, Grants in Period 2,781  
Performance Share Unit, Nonvested, Number of Shares 11,218 10,415
Performance Share units, Nonvested, Intrinsic Value $ 15.6 $ 12.7
Share Based Compensation, Performance Shares Vested in the Period 0  
Share Based Compensation, Performance Shares Forfeited in the period (60)  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]    
Restricted Stock Units, Nonvested, Number, Beginning 25,428  
Restricted Stock Units, Grants in Period 12,437  
Share Based Compensation, Performance Shares Vested in the Period for Vesting of 2016 PUs (1,918)  
Restricted Stock Units, Vested in Period (8,224)  
Restricted Stock Units, Forfeited in Period (1,269)  
Restricted Stock Units, Nonvested, Number, Ending 28,372  
v3.25.4
Equity Incentive Plan Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]      
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 10 years 6 months    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $ 1,388.27 $ 1,260.96 $ 1,029.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Intrinsic Value, Amount Per Share $ 17,300,000 12,200,000 12,800,000
Number of Shares Authorized for Stock Option Plan 2,000,000    
Options, Award Vesting Period 5 years    
Restricted Stock Units, Vesting Period 5 years    
Options, Grants in Period, Weighted Average Grant Date Fair Value $ 502.65 $ 494.81 $ 400.30
Options, Exercises in Period, Total Intrinsic Value $ 32,700 $ 62,900 $ 68,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value 8,100    
Restricted Stock Units, Vested in Period, Total Fair Value 9,900 8,700 8,600
Allocated Share-based Compensation Expense for Restricted Stock Units $ 10,700 $ 8,300 $ 8,800
Number of Shares Available for Grant 2,810,038    
Deferred Compensation Liability, Current and Noncurrent $ 59,300    
Estimated Weighted Average Amortization Period 2 years 2 months 12 days    
Performance Share Units Vesting Period 3 years    
Performance Options Payout Percentage - Maximum 200.00%    
Performance OptionPayout Percentage - Minimum 0.00%    
Performance Share Unit Payout Percentage - Minimum 0.00%    
Performance Share Units Payout Percentage - Maximum 200.00%    
Performance Option Fair Value $ 1,468.24 $ 1,153.99 $ 1,103.23
Performance Share Unit Total Grant Value $ 4,100    
Allocated Share-based compensation expense for PSUs $ 3,700 $ 3,300 $ 3,100
v3.25.4
Benefit Plans Change in Benefit Benefit Obligation and Plan Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation $ 1,119,573 $ 1,025,271 $ 1,026,481
Defined Benefit Plans, Service Cost and Other $ 40,774 $ 36,990  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)  
Defined Benefit Plan, Interest Cost $ 19,179 $ 22,584 25,042
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) 1,315 63,104  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment (26,001) 101  
Defined Benefit Plan, Benefit Obligation, Benefits Paid 62,806 61,780  
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss) 121,841 (62,209)  
Defined Benefit Plan, Plan Assets, Amount 1,297,725 1,087,949 1,096,238
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 109,168 72,671  
Defined Benefit Plan, Plan Assets, Contributions by Employer 30,261 31,436  
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant 20,563 19,287  
Defined Benefit Plan, Plan Assets, Benefits Paid 62,805 61,780  
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) 137,082 (69,903)  
Defined Benefit Plan, Funded (Unfunded) Status of Plan 178,152 62,678  
Pension Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 99,144 99,881 108,546
Defined Benefit Plans, Service Cost and Other 932 1,587  
Defined Benefit Plan, Interest Cost 4,804 4,766 5,023
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) 2,445 (6,473)  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment 0 0  
Defined Benefit Plan, Benefit Obligation, Benefits Paid 8,918 8,545  
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Amount 94,086 90,520 86,061
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 10,327 7,788  
Defined Benefit Plan, Plan Assets, Contributions by Employer 2,157 5,216  
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant 0 0  
Defined Benefit Plan, Plan Assets, Benefits Paid 8,918 8,545  
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) 0 0  
Defined Benefit Plan, Funded (Unfunded) Status of Plan (5,058) (9,361)  
Pension Plan [Member] | Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 1,020,346 924,869 917,321
Defined Benefit Plans, Service Cost and Other 39,842 35,403  
Defined Benefit Plan, Interest Cost 14,352 17,792 19,991
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) (1,173) 69,564  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment (25,630) 101  
Defined Benefit Plan, Benefit Obligation, Benefits Paid 53,755 53,103  
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss) 121,841 (62,209)  
Defined Benefit Plan, Plan Assets, Amount 1,203,639 997,429 1,010,177
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 98,841 64,883  
Defined Benefit Plan, Plan Assets, Contributions by Employer 27,972 26,088  
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant 20,563 19,287  
Defined Benefit Plan, Plan Assets, Benefits Paid 53,755 53,103  
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) 137,082 (69,903)  
Defined Benefit Plan, Funded (Unfunded) Status of Plan 183,293 72,560  
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Benefit Obligation 83 521 614
Defined Benefit Plans, Service Cost and Other 0 0  
Defined Benefit Plan, Interest Cost 23 26 28
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) 43 13  
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment (371) 0  
Defined Benefit Plan, Benefit Obligation, Benefits Paid 133 132  
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Amount 0 0 $ 0
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) 0 0  
Defined Benefit Plan, Plan Assets, Contributions by Employer 132 132  
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant 0 0  
Defined Benefit Plan, Plan Assets, Benefits Paid 132 132  
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) 0 0  
Defined Benefit Plan, Funded (Unfunded) Status of Plan $ (83) $ (521)  
v3.25.4
Benefit Plans Amounts Recognized in the Balance Sheet (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan $ 287,212 $ 174,006
Liability, Defined Benefit Plan, Current 6,186 5,434
Liability, Defined Benefit Plan, Noncurrent 101,896 104,925
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 229,331 275,242
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax 408,461 338,889
Pension Plan [Member] | US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 0 0
Liability, Defined Benefit Plan, Current 147 139
Liability, Defined Benefit Plan, Noncurrent 4,904 9,223
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 33,011 36,760
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax 27,960 27,398
Pension Plan [Member] | Non-US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 287,212 174,006
Liability, Defined Benefit Plan, Current 5,957 5,201
Liability, Defined Benefit Plan, Noncurrent 96,992 95,276
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 196,530 238,408
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax 380,793 311,937
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Assets for Plan Benefits, Defined Benefit Plan 0 0
Liability, Defined Benefit Plan, Current 82 94
Liability, Defined Benefit Plan, Noncurrent 0 426
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax (210) 74
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax $ (292) $ (446)
v3.25.4
Benefit Plans Total Amounts Recognized in OCI (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax $ (13,967) $ (16,342)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax (10,906) (18,212)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax 243,298 291,584
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), after tax 194,174 231,446
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 229,331 275,242
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 183,268 213,234
Pension Plan [Member] | US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 0  
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax 33,011 36,760
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 33,011 36,760
Pension Plan [Member] | Non-US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax (13,470) (16,140)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax 210,000 254,548
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 196,530 238,408
Other Postretirement Benefits Plan [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax (497) (202)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax 287 276
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax $ (210) $ 74
v3.25.4
Benefit Plans Amounts Recognized in Other Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax $ (58,234)    
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax 46,286    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax (818)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax (663)    
Defined Benefit Plans, Amortization of Gains, Losses and Other Expenses (19,545)    
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax (15,649)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax 3,316    
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, after tax 2,673    
Defined Benefit Plans, Impact of FX on Current Year Change in OCI 29,370    
Impact of foreign currency (23,387) $ 11,236 $ (11,762)
Defined Benefit Plan, Changes in OCI Arising During the Period (45,911)    
Defined Benefit Plan, Changes in OCI Arising During the Period, net of tax (36,538)    
Pension Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax (2,179)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax 0    
Defined Benefit Plans, Amortization of Gains, Losses and Other Expenses (1,570)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax 0    
Defined Benefit Plans, Impact of FX on Current Year Change in OCI 0    
Defined Benefit Plan, Changes in OCI Arising During the Period (3,749)    
Pension Plan [Member] | Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax (56,098)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax (447)    
Defined Benefit Plans, Amortization of Gains, Losses and Other Expenses (17,944)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax 3,241    
Defined Benefit Plans, Impact of FX on Current Year Change in OCI 29,370    
Defined Benefit Plan, Changes in OCI Arising During the Period (41,878)    
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax 43    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax (371)    
Defined Benefit Plans, Amortization of Gains, Losses and Other Expenses (31)    
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax 75    
Defined Benefit Plans, Impact of FX on Current Year Change in OCI 0    
Defined Benefit Plan, Changes in OCI Arising During the Period $ (284)    
v3.25.4
Benefit Plans Weighted Average Rates for PBO (Details) - Pension Plan [Member]
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.04% 5.34%
Defined Benefit Plan, Assumptions Used Calculating the projected benefit obligation, Expected Long-term Return on Assets 6.50% 6.75%
Non-US Pension Benefits    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 1.80% 1.57%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase 0.75% 0.81%
Defined Benefit Plan, Assumptions Used Calculating the projected benefit obligation, Expected Long-term Return on Assets 4.07% 4.06%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate 2.00% 1.50%
v3.25.4
Benefit Plans Weighted Average Rates for NPPC (Details) - Pension Plan [Member]
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.34% 4.68% 4.87%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets 6.75% 6.75% 6.75%
Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 1.57% 2.07% 2.57%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase 0.81% 0.84% 0.87%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets 4.06% 3.84% 3.84%
v3.25.4
Benefit Plans Net Periodic Pension Costs (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost $ 20,213 $ 17,703 $ 15,100
Defined Benefit Plan, Interest Cost 19,179 22,584 25,042
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 48,855 42,556 40,207
Amortization of Actuarial (Gains) Losses and Plan Amendments 16,231 12,395 8,177
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) $ 6,768 $ 10,126 8,112
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)  
Pension Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost $ 932 $ 1,587 1,155
Defined Benefit Plan, Interest Cost 4,804 4,766 5,023
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 5,712 5,472 5,532
Amortization of Actuarial (Gains) Losses and Plan Amendments 1,571 2,082 2,192
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 1,595 2,963 2,838
Pension Plan [Member] | Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost 19,281 16,116 13,945
Defined Benefit Plan, Interest Cost 14,352 17,792 19,991
Defined Benefit Plan, Expected Return (Loss) on Plan Assets 43,143 37,084 34,675
Amortization of Actuarial (Gains) Losses and Plan Amendments 14,703 10,356 6,061
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 5,193 7,180 5,322
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Service Cost 0 0 0
Defined Benefit Plan, Interest Cost 23 26 28
Amortization of Actuarial (Gains) Losses and Plan Amendments (43) (43) (76)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) $ (20) $ (17) $ (48)
v3.25.4
Benefit Plans Pension Fair Value Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 1,297,725 $ 1,087,949 $ 1,096,238
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 64,103 48,420  
Fair Value, Inputs, Level 1 [Member] | Company Stock      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,993 2,632  
Fair Value, Inputs, Level 1 [Member] | U.S. Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17,801 5,948  
Fair Value, Inputs, Level 1 [Member] | International Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 356,732 290,027  
Fair Value, Inputs, Level 1 [Member] | Emerging Markets Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 27,148 20,536  
Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities, Corporate and Government Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 106,188 92,878  
Fair Value, Inputs, Level 1 [Member] | Fixed Income Mutual Funds, Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 1 [Member] | Fixed Income Mutual Funds, Core Bond      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 193,914 134,891  
Fair Value, Inputs, Level 1 [Member] | Real Estate      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 1 [Member] | Real Asset Mutual Funds, Commodities      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 80,288 62,401  
Fair Value, Inputs, Level 1 [Member] | Debt Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   41,989  
Fair Value, Inputs, Level 1 [Member] | Other Types of Investments, Global Allocation Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 3,217 4,505  
Fair Value, Inputs, Level 1 [Member] | Other Types of Investments Insurance linked securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 620 669  
Fair Value, Inputs, Level 1 [Member] | Defined Benefit Plan Assets, Fair Value Hierarchy      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 900,936 704,896  
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Company Stock      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | U.S. Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,960 25,324  
Fair Value, Inputs, Level 2 [Member] | International Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 12,685 9,802  
Fair Value, Inputs, Level 2 [Member] | Emerging Markets Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Fixed Income Securities, Corporate and Government Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Fixed Income Mutual Funds, Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 24,493  
Fair Value, Inputs, Level 2 [Member] | Fixed Income Mutual Funds, Core Bond      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 66,482 54,771  
Fair Value, Inputs, Level 2 [Member] | Real Estate      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 228,624 183,332  
Fair Value, Inputs, Level 2 [Member] | Real Asset Mutual Funds, Commodities      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Other Types of Investments, Global Allocation Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Other Types of Investments, Multi-Strategy Fund      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 22,465 20,837  
Fair Value, Inputs, Level 2 [Member] | Other Types of Investments Insurance linked securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 2 [Member] | Defined Benefit Plan Assets, Fair Value Hierarchy      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 333,216 318,559  
Fair Value, Inputs, Level 3 [Member] | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Company Stock      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | U.S. Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | International Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Emerging Markets Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Fixed Income Securities, Corporate and Government Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Fixed Income Mutual Funds, Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,214 2,073 $ 1,972
Fair Value, Inputs, Level 3 [Member] | Fixed Income Mutual Funds, Core Bond      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Real Estate      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Real Asset Mutual Funds, Commodities      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Debt Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Other Types of Investments, Global Allocation Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Other Types of Investments Insurance linked securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fair Value, Inputs, Level 3 [Member] | Defined Benefit Plan Assets, Fair Value Hierarchy      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,214 2,073  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Cash and Cash Equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 64,103 48,420  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Company Stock      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,993 2,632  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | U.S. Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 20,761 31,272  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | International Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 369,417 299,829  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Emerging Markets Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 27,148 20,536  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Fixed Income Securities, Corporate and Government Bonds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 106,188 92,878  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Fixed Income Mutual Funds, Insurance Contracts      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,214 26,566  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Fixed Income Mutual Funds, Core Bond      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 260,396 189,662  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Real Estate      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 228,624 183,332  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Real Asset Mutual Funds, Commodities      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 80,288 62,401  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Debt Securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 47,932 41,989  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Other Types of Investments, Global Allocation Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 3,217 4,505  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Other Types of Investments Insurance linked securities [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 620 669  
Fair Value, Inputs, Level 1, 2 and 3 [Member] | Defined Benefit Plan Assets, Fair Value Hierarchy      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1,236,366 1,025,528  
Fair Value Measured at Net Asset Value Per Share | Emerging Markets Equity Mutual Funds      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 2,994 6,093  
Fair Value Measured at Net Asset Value Per Share | Hedge Funds, Multi-strategy [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 58,365 $ 56,328  
v3.25.4
Benefit Plans Level 3 Rollforward (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Actual return on plan assets:      
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) $ 137,082 $ (69,903)  
Defined Benefit Plan, Plan Assets, Amount 1,297,725 1,087,949 $ 1,096,238
Real Asset Mutual Funds, Commodities | Fair Value, Inputs, Level 3 [Member]      
Actual return on plan assets:      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Fixed Income Mutual Funds, Insurance Contracts | Fair Value, Inputs, Level 3 [Member]      
Actual return on plan assets:      
Defined Benefit Plan, Plan Assets Level 3 Reconciliation, Increase (Decrease) for Actual Return (Loss) on Plan Assets Still Held 33 42  
Defined Benefit Plan, Purchases, Total 110 159  
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss) 239 (92)  
Defined Benefit Plan, Plan Assets, Amount $ 2,214 $ 2,073 $ 1,972
v3.25.4
Benefit Plans Future Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months $ 69,959,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 71,439,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 72,244,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 74,109,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 74,265,000    
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter $ 346,406,000    
Pension Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.04% 5.34%  
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months $ 8,763,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 8,745,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 8,697,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 8,602,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 8,465,000    
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter $ 38,586,000    
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.34% 4.68% 4.87%
Pension Plan [Member] | Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 1.80% 1.57%  
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months $ 61,112,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 62,694,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 63,547,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 65,507,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 65,800,000    
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter $ 307,820,000    
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 1.57% 2.07% 2.57%
Other Postretirement Benefits Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months $ 84,000    
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 0    
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 0    
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 0    
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 0    
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter $ 0    
Other Postretirement Benefits Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.00%    
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.00% 4.50% 4.70%
v3.25.4
Benefit Plans Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Defined Contribution Plan, Cost $ 20.6 $ 18.7 $ 20.1
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation 95.6 118.0  
Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation 105.2 146.0  
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets $ 2.2 $ 51.1  
Pension Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.04% 5.34%  
Defined Benefit Plan, Accumulated Benefit Obligation $ 99.1 $ 99.9  
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.34% 4.68% 4.87%
Pension Plan [Member] | Non-US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 1.80% 1.57%  
Defined Benefit Plan, Accumulated Benefit Obligation $ 859.2 $ 781.1  
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year $ 29.9    
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 1.57% 2.07% 2.57%
Other Postretirement Benefits Plan [Member] | US Pension Benefits      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.00%    
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate 5.00% 4.50% 4.70%
Other Postretirement Benefits Plan [Member] | U.S. Post-Retirement Medical Plan      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year $ 0.1    
v3.25.4
Taxes Summary of Earnings (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Earnings Before Taxes, Domestic $ 151,383 $ 128,053 $ 142,078
Earnings Before Taxes, Foreign 897,526 909,170 831,650
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 1,048,909 $ 1,037,223 $ 973,728
v3.25.4
Taxes Summary of the provision for taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Current Federal Tax Expense (Benefit) $ 1,764 $ 13,591 $ 20,036
Current State and Local Tax Expense (Benefit) 8,838 5,782 8,946
Current Foreign Tax Expense (Benefit) 151,643 159,926 169,341
Current Income Tax Expense (Benefit) 162,245 179,299 198,323
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Deferred Federal Income Tax Expense (Benefit) 9,668 (6,881) (10,949)
Deferred State and Local Income Tax Expense (Benefit) 892 973 (838)
Deferred Foreign Income Tax Expense (Benefit) 6,911 692 (1,586)
Deferred Income Tax Expense (Benefit) 17,471 (5,216) (13,373)
Federal Income Tax Expense (Benefit), Continuing Operations 11,432 6,710 9,087
State and Local Income Tax Expense (Benefit), Continuing Operations 9,730 6,755 8,108
Foreign Income Tax Expense (Benefit), Continuing Operations 158,554 160,618 167,755
Provision for taxes $ 179,716 $ 174,083 $ 184,950
v3.25.4
Taxes Effective Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]          
Effective Tax Rate Reconciliation, Excess Tax Benefits       $ (11,875) $ (13,674)
Effective Income Tax Rate Reconciliation, Tax Settlement, Amount       (22,982) 0
Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate   $ 220,271   217,817 204,483
State and Local Income Taxes   8,064   5,504 6,858
Foreign Income Tax Rate Differential       (21,489) (14,611)
Other Adjustments   887   7,108 1,894
Provision for taxes   179,716   $ 174,083 $ 184,950
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate 21.00%   21.00% 21.00%  
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent     0.80%    
Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Percent     (1.40%)    
Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Amount   (15,139)      
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent     (0.70%)    
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount   (7,452)      
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent     0.10%    
Effective Income Tax Rate Reconciliation, Percent     17.10% 17.00% 19.00%
SWITZERLAND          
Income Tax Disclosure [Abstract]          
Foreign Income Tax Rate Differential   (58,032)      
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent     (5.60%)    
Swiss Cantonal tax Rate Reconciliation   33,021      
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     (1.00%)    
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   (10,453)      
Effective Income Tax Rate Reconciliation [Line Items]          
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   (10,453)      
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     (1.00%)    
Swiss Cantonal tax Rate Reconciliation   33,021      
Swiss Cantonal tax Rate Reconciliation, Percent     3.10%    
CHINA          
Income Tax Disclosure [Abstract]          
Foreign Income Tax Rate Differential   11,828      
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent     1.10%    
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     (0.60%)    
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   (5,997)      
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent     (2.20%)    
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount   (23,425)      
Effective Income Tax Rate Reconciliation [Line Items]          
Effective Income Tax Rate Reconciliation, withholding tax, Percent     0.014    
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   (5,997)      
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     (0.60%)    
Effective Income Tax Rate Reconciliation, withholding tax, Amount   15,023      
Other Foreign Countries          
Income Tax Disclosure [Abstract]          
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     1.10%    
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   11,120      
Effective Income Tax Rate Reconciliation [Line Items]          
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount   $ 11,120      
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent     1.10%    
v3.25.4
Taxes Tax Effects of Temporary Differences (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Inventory $ 33,153 $ 26,803
Accrued and other liabilities 84,232 100,030
Accrued post-retirement benefit and pension costs 20,835 27,972
Net operating loss and tax credit carryforwards 54,181 44,464
Swiss tax reform intangible asset 50,300 51,662
Other 9,337 10,460
Deferred Tax Assets, Gross 252,038 261,391
Valuation Allowance (68,122) (73,171)
Non-current deferred tax assets, net 183,916 188,220
Inventory 5,648 10,416
Deferred Tax Liabilities, Right of Use Asset and Other Assets 27,876 25,990
Property, Plant and Equipment 99,706 85,189
Rainin Intangible Amortization 65,342 64,627
Deferred Tax Liabilities, Tax Deferred Expense, Compensation and Benefits, Pension 61,715 43,547
International earnings 27,422 16,367
Deferred Tax Liabilities, Unrealized Currency Transaction Gains 6,611 11,451
Deferred Tax Liabilities, Gross, Noncurrent 294,320 257,587
Net deferred tax (liability) asset $ (110,404) $ (69,367)
v3.25.4
Taxes Reconciliation of unrecognized tax benefits (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Unrecognized Tax Benefits [Roll Forward]    
Beginning Unrecognized Tax Benefits $ 45,435 $ 58,225
Increases related to current tax positions 6,030 10,399
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions (2,206) (1,169)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities (13,385) (19,980)
Unrecognized Tax Benefits, Foreign Currency Translation (decreases) increases to prior year tax positions 4,629 (2,040)
Ending Unrecognized Tax Benefits $ 48,077 $ 45,435
v3.25.4
Taxes Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]        
Effective Income Tax Rate Reconciliation, Percent   17.10% 17.00% 19.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate 21.00% 21.00% 21.00%  
Unrecognized Tax Benefits that Would Impact Effective Tax Rate $ 48.1 $ 48.1 $ 45.4  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued $ 11.4 $ 11.4 $ 9.4  
v3.25.4
Other Charges (Income), Net Other Charges (Income), Net (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Nonoperating Income (Expense) $ 16,802 $ 4,571 $ 4,146
Impact of Adopting ASU 2017-07 ASC 715 Compensation Retirement Benefit $ (13,600) $ (7,700) $ (7,600)
v3.25.4
Leases Lease Balance Sheet (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating Lease, Right-of-Use Asset $ 111,718 $ 106,830  
Finance Lease, Right-of-Use Asset, after Accumulated Amortization 15,637 5,905  
Total lease assets [Line Items] (127,355) (112,735)  
Operating Lease, Liability, Current 35,108 29,074  
Finance Lease, Liability, Current 2,821 741  
Operating Lease, Liability, Noncurrent 78,043 81,956  
Finance Lease, Liability, Noncurrent 13,509 5,414  
Total Lease Liability [Abstract] 129,481 117,185  
Operating Lease, Right-of-Use Asset, Amortization Expense $ 38,000 $ 33,800 $ 34,400
v3.25.4
Leases Lease Income Statement (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating Lease, Expense $ 40,288 $ 39,424 $ 37,849
Finance Lease, Right-of-Use Asset, Amortization 1,791 744 526
Finance Lease, Interest Expense 469 252 144
Variable Lease, Cost 11,767 9,841 7,022
Short-term Lease, Cost 1,313 1,228 1,004
Lease, Cost $ 55,628 $ 51,489 $ 46,545
Operating Lease, Weighted Average Remaining Lease Term 5 years 2 months 12 days 5 years 10 months 24 days 6 years 6 months
Finance Lease, Weighted Average Remaining Lease Term 5 years 6 months 7 years 6 months 7 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent 4.20% 4.30% 4.10%
Finance Lease, Weighted Average Discount Rate, Percent 5.00% 4.60% 4.40%
Operating Lease, Right-of-Use Asset, Amortization Expense $ 38,000 $ 33,800 $ 34,400
v3.25.4
Leases Lease Maturity Analysis (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Leases [Abstract]  
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months $ 37,615
Lessee, Operating Lease, Liability, Payments, Due Year Two 27,074
Lessee, Operating Lease, Liability, Payments, Due Year Three 18,476
Finance Lease, Liability, Payments, Due Year Four 3,294
Lessee, Operating Lease, Liability, Payments, Due Year Five 8,906
Finance Lease, Liability, to be Paid, after Year Five 2,051
Lessee, Operating Lease, Liability, Payments, Due after Year Five 22,735
Finance Lease, Liability, to be Paid 18,211
Lessee, Operating Lease, Liability, Payments, Due 126,615
Finance Lease, Liability, Undiscounted Excess Amount 1,881
Lessee, Operating Lease, Liability, Undiscounted Excess Amount (13,464)
Finance Lease, Liability 16,330
Operating Lease, Liability 113,151
Finance Lease, Liability, to be Paid, Year One 3,798
Finance Lease, Liability, to be Paid, Year Two 3,798
Finance Lease, Liability, to be Paid, Year Three 3,790
Lessee, Operating Lease, Liability, to be Paid, Year Four 11,809
Finance Lease, Liability, to be Paid, Year Five $ 1,480
v3.25.4
Leases Lease Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Change in lease liability cash flow $ 37.9 $ 33.7 $ 33.4
Operating Lease, Payments 40.8 36.6 36.6
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 32.8 $ 23.5 $ 34.5
v3.25.4
Segment Reporting Segment (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
reportableSegment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting [Abstract]      
Number of reportable segments | reportableSegment 5    
Net sales to external customers $ 4,026,399 $ 3,872,361 $ 3,788,309
Net sales to other segments 0 0 0
Net Sales 4,026,399 3,872,361 3,788,309
Segment profit 1,192,959 1,199,923 1,151,896
Depreciation 51,141 50,352 48,951
Assets 3,712,646 3,239,999 3,355,555
Purchase of property, plant and equipment (107,124) (103,898) (105,323)
Goodwill 739,225 668,914 670,108
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]      
Net sales to external customers 0 0 0
Net sales to other segments (1,562,276) (1,482,763) (1,385,896)
Net Sales (1,562,276) (1,482,763) (1,385,896)
Unallocated expense / eliminations 179,398 150,073 146,642
Segment profit (179,398) (150,073) (146,642)
Depreciation 6,430 6,170 6,814
Assets (8,312,225) (7,397,549) (6,978,811)
Purchase of property, plant and equipment (51,542) (45,474) (33,459)
Goodwill 0 0 0
U.S. Operations Segment | Operating Segments [Member]      
Depreciation 16,772 16,970 15,863
Assets 4,368,650 4,081,688 3,848,003
Purchase of property, plant and equipment (15,010) (16,542) (36,269)
Goodwill 568,639 532,394 526,392
Swiss Operations Segment | Operating Segments [Member]      
Net sales to external customers 210,858 218,580 188,679
Net sales to other segments 836,217 801,749 761,114
Net Sales 1,047,075 1,020,329 949,793
Segment cost of sales 509,333 498,505 436,494
Segment period expense 254,028 241,178 231,818
Segment profit 283,714 280,646 281,481
Depreciation 6,847 7,086 7,017
Assets 4,254,653 3,780,506 3,554,911
Purchase of property, plant and equipment (8,314) (9,504) (8,030)
Goodwill 29,489 25,601 27,532
Western European Operations Segment | Operating Segments [Member]      
Net sales to external customers 895,971 858,002 792,907
Net sales to other segments 202,552 185,321 188,963
Net Sales 1,098,523 1,043,323 981,870
Segment cost of sales 497,294 486,823 455,596
Segment period expense 374,558 350,199 347,601
Segment profit 226,671 206,301 178,673
Depreciation 5,818 5,339 5,351
Assets 1,793,515 1,505,017 1,533,297
Purchase of property, plant and equipment (7,084) (6,340) (5,052)
Goodwill 107,359 97,426 101,653
Chinese Operations Segment | Operating Segments [Member]      
Net sales to external customers 634,833 628,447 718,818
Net sales to other segments 329,690 320,196 278,027
Net Sales 964,523 948,643 996,845
Segment cost of sales 437,368 422,130 448,341
Segment period expense 182,245 180,713 181,410
Segment profit 344,910 345,800 367,094
Depreciation 9,326 9,434 9,609
Assets 1,048,600 854,023 989,955
Purchase of property, plant and equipment (19,489) (14,355) (10,133)
Goodwill 630 597 621
Other Operations Segment | Operating Segments [Member]      
Net sales to external customers 788,535 737,830 683,986
Net sales to other segments 40,862 21,738 20,600
Net Sales 829,397 759,568 704,586
Segment cost of sales 452,584 421,489 400,634
Segment period expense 235,111 213,895 197,714
Segment profit 141,702 124,184 106,238
Depreciation 5,948 5,353 4,297
Assets 559,453 416,314 408,200
Purchase of property, plant and equipment (5,685) (11,683) (12,380)
Goodwill 33,108 12,896 13,910
Us Operations segment Member | Operating Segments [Member]      
Net sales to external customers 1,496,202 1,429,502 1,403,919
Net sales to other segments 152,955 153,759 137,192
Net Sales 1,649,157 1,583,261 1,541,111
Segment cost of sales 735,302 690,498 689,004
Segment period expense 538,495 499,698 487,055
Segment profit $ 375,360 $ 393,065 $ 365,052
v3.25.4
Segment Reporting Reconciliation of Earnings Before Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting [Abstract]      
Segment profit $ 1,192,959 $ 1,199,923 $ 1,151,896
Amortization 74,469 72,869 72,213
Interest Expense 68,515 74,631 77,366
Restructuring Charges 17,868 19,771 32,735
Other Charges (Income), Net (16,802) (4,571) (4,146)
Earnings before taxes $ 1,048,909 $ 1,037,223 $ 973,728
v3.25.4
Segment Reporting Sales and PPE by Destination (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets      
Net Sales $ 4,026,399 $ 3,872,361 $ 3,788,309
Total Segments Property, Plant and Equipment, Net 845,636 770,280  
UNITED STATES      
Revenues from External Customers and Long-Lived Assets      
Net Sales 1,420,729 1,358,761 1,346,468
Total Segments Property, Plant and Equipment, Net 207,331 216,317  
OTHER AMERICAS      
Revenues from External Customers and Long-Lived Assets      
Net Sales 258,694 247,531 221,742
Total Segments Property, Plant and Equipment, Net 22,248 12,485  
TOTAL AMERICAS      
Revenues from External Customers and Long-Lived Assets      
Net Sales 1,679,423 1,606,292 1,568,210
Total Segments Property, Plant and Equipment, Net 229,579 228,802  
GERMANY      
Revenues from External Customers and Long-Lived Assets      
Net Sales 242,624 236,292 221,482
Total Segments Property, Plant and Equipment, Net 33,901 31,320  
FRANCE      
Revenues from External Customers and Long-Lived Assets      
Net Sales 164,605 152,821 139,304
Total Segments Property, Plant and Equipment, Net 19,824 19,706  
UNITED KINGDOM      
Revenues from External Customers and Long-Lived Assets      
Net Sales 89,069 84,438 79,455
Total Segments Property, Plant and Equipment, Net 27,712 28,056  
SWITZERLAND      
Revenues from External Customers and Long-Lived Assets      
Net Sales 95,412 93,599 91,564
Total Segments Property, Plant and Equipment, Net 358,610 310,775  
OTHER EUROPE      
Revenues from External Customers and Long-Lived Assets      
Net Sales 569,258 533,249 483,693
Total Segments Property, Plant and Equipment, Net 33,046 25,969  
TOTAL EUROPE      
Revenues from External Customers and Long-Lived Assets      
Net Sales 1,160,968 1,100,399 1,015,498
Total Segments Property, Plant and Equipment, Net 473,093 415,826  
CHINA      
Revenues from External Customers and Long-Lived Assets      
Net Sales 626,832 621,794 707,592
Total Segments Property, Plant and Equipment, Net 103,452 89,733  
REST OF WORLD      
Revenues from External Customers and Long-Lived Assets      
Net Sales 559,176 543,876 497,009
Total Segments Property, Plant and Equipment, Net 39,512 35,919  
TOTAL ASIA REST OF WORLD      
Revenues from External Customers and Long-Lived Assets      
Net Sales 1,186,008 1,165,670 $ 1,204,601
Total Segments Property, Plant and Equipment, Net $ 142,964 $ 125,652  
v3.25.4
Segment Reporting Textuals (Details)
12 Months Ended
Dec. 31, 2025
Customer Concentration Risk | Revenue Benchmark | End Customers  
Maximum Customer Percentage 1.00%
v3.25.4
Schedule II Valuation and Qualifying Accounts Schedule II (Details) - Valuation Allowance of Deferred Tax Assets - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Valuation Allowances and Reserves, Balance, Beginning $ 73,171 $ 73,460 $ 62,615
Valuation Allowances and Reserves, Charged to Cost and Expense 1,536 3,312 7,548
Valuation Allowances and Reserves, Charged to Other Accounts 3,792 37 4,149
SEC Schedule, 12-09, Valuation Allowances and Reserves, Deduction 10,377 3,638 852
Valuation Allowances and Reserves, Balance, Ending $ 68,122 $ 73,171 $ 73,460