INVENTORIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES | INVENTORIES: The components of inventories, net of applicable net realizable value write-downs, were as follows:
We recorded inventory write-downs of $48.3 in cost of sales in 2025 (2024 — $49.0; 2023 — $59.9). We regularly review the estimates and assumptions we use to value our inventory through analysis of historical performance, current conditions and future expectations. We receive cash deposits from certain of our customers primarily to reduce risks related to excess and/or obsolete inventory. Our customer cash deposit balance fluctuates depending on the levels of inventory we have been asked to procure by certain customers, or as we utilize the inventory in production. At December 31, 2025, our accrued and other current liabilities and provisions included $407.1 (December 31, 2024 — $511.6) of cash deposits.
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