| Other Payables and Accrued Expenses |
OTHER PAYABLES AND ACCRUED EXPENSES | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Payroll and related expenses | $ | 460,893 | | | $ | 353,976 | | | Provision for vendors on accrued expenses | 106,720 | | | 99,389 | | Provision for vacation pay (1) | 103,960 | | | 91,179 | | | Provision for warranty and cost | 79,149 | | | 87,488 | | | Provision for royalties | 91,660 | | | 72,187 | | | Provision for losses on long-term contracts | 186,299 | | | 69,816 | | | Provision for income tax, net of advances | 59,342 | | | 34,130 | | | | | | | Derivative instruments | 42,363 | | | 24,924 | | | | | | | Value added tax (“VAT”) payable | 42,793 | | | 21,049 | | | | | | Other (2) | 375,960 | | | 353,579 | | | | $ | 1,549,139 | | | $ | 1,207,717 | |
(1)Long-term provision for vacation pay - see Note 20. (2)Includes provisions for estimated future costs in respect of (1) unbilled services of certain third parties, (2) probable loss from claims (legal or asserted) in the ordinary course of business and (3) damages caused by the items sold and claims as to the specific products ordered. OTHER LONG-TERM LIABILITIESThe following table presents the components of other long-term liabilities as of December 31, 2025 and 2024:
| | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | Accounts payables | $ | 88,277 | | | $ | 131,502 | | | Provision for vacation pay | 63,967 | | | 51,108 | | | Derivative financial instruments | 50,404 | | | 28,019 | | | Contingent purchase obligation | 13,035 | | | 20,564 | | Provision for compensated absences | 12,296 | | | 12,382 | | | | | | | | | | Other | 35,088 | | | 30,846 | | | | $ | 263,067 | | | $ | 274,421 | |
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