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Hector Street Conshohocken PA 19428-2380 610 832-4000 Common Stock, $1 par value KWR NYSE Yes No Yes Yes Large Accelerated Filer 3273904147 17853700 <div id="TextBlockContainer624" style="position:relative;font-family:Times New Roman;font-size:10.72px;color:#000000;line-height:normal;width:653px;height:13px;display:inline-block;"><div id="a1345" style="position:absolute;font-weight:normal;font-style:normal;left:3.573px;top:0px;">Portions of the Registrant’s definitive Proxy Statement relating to the 2021 Annual Meeting of Shareholders<div style="display:inline-block;width:1.04px"> </div>are incorporated by reference into Part III.</div></div> 1417677000 1133503000 867520000 904234000 741386000 555206000 513443000 392117000 312314000 380752000 283828000 207872000 38000000 0 0 5541000 26678000 0 29790000 35477000 16661000 59360000 46134000 87781000 -5618000 -254000 -642000 26603000 -26603000 16976000 -16976000 -4041000 4041000 27139000 28904000 83098000 -5296000 2084000 25050000 32435000 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1604000 1241455000 0 0 39658000 0 129000 39787000 0 0 0 51572000 -92000 51480000 1.560 0 0 27786000 0 0 27786000 0 707000 0 0 340000 1047000 0 0 0 0 751000 751000 66000 6714000 0 0 0 6780000 50000 10946000 0 0 0 10996000 17851000 905171000 423940000 -26598000 550000 1320914000 <div id="TextBlockContainer644" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:785px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83004" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 1 – Significant Accounting Policies </div><div id="a83016" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As used in these Notes to Consolidated Financial Statements,<div style="display:inline-block;width:4.78px"> </div>the terms “Quaker”, “Quaker Houghton”, the “Company”, “we”, </div><div id="a83050" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">and “our” refer to Quaker Chemical Corporation (doing<div style="display:inline-block;width:4.76px"> </div>business as Quaker Houghton), its subsidiaries, and associated companies, </div><div id="a83084" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">unless the context otherwise requires.<div style="display:inline-block;width:7.72px"> </div>As used in these Notes to Consolidated Financial Statements, the<div style="display:inline-block;width:4.76px"> </div>term Legacy Quaker refers to </div><div id="a83125" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">the Company prior to the closing of its combination with<div style="display:inline-block;width:4.71px"> </div>Houghton International, Inc. (“Houghton”) (herein referred<div style="display:inline-block;width:4.74px"> </div>to as the </div><div id="a83163" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">“Combination”).<div style="display:inline-block;width:3.79px"> </div></div><div id="a83166" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:108px;">Principles of consolidation: </div><div id="div_626_XBRL_TS_17dfe2483ac54e399a7f3fd6a214e682" style="position:absolute;left:0px;top:108px;float:left;"><div id="TextBlockContainer627" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83172" style="position:absolute;font-weight:normal;font-style:normal;left:186.693px;top:0px;">All majority-owned subsidiaries are included in the<div style="display:inline-block;width:4.76px"> </div>Company’s consolidated financial<div style="display:inline-block;width:4.77px"> </div>statements, </div><div id="a83196" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">with appropriate elimination of intercompany balances and<div style="display:inline-block;width:4.86px"> </div>transactions.</div></div></div><div id="a83196_71_2" style="position:absolute;font-weight:normal;font-style:normal;left:389.613px;top:123.4px;"><div style="display:inline-block;width:6.75px"> </div></div><div id="div_628_XBRL_TS_2f844ecf0d714840ad8f6d12c9a48ee6" style="position:absolute;left:0px;top:123.4px;float:left;"><div id="TextBlockContainer629" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83196_73_56" style="position:absolute;font-weight:normal;font-style:normal;left:396.36px;top:0px;">Investments in associated companies (less than majority-</div><div id="a83227" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">owned and in which the Company has significant<div style="display:inline-block;width:4.72px"> </div>influence) are accounted for under the equity method.<div style="display:inline-block;width:7.75px"> </div>The Company’s share of net </div><div id="a83269" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">income or losses in these investments in associated companies<div style="display:inline-block;width:4.72px"> </div>is included in the Consolidated Statements<div style="display:inline-block;width:4.37px"> </div>of Income.<div style="display:inline-block;width:7.12px"> </div>The Company </div><div id="a83311" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">periodically reviews these investments for impairments<div style="display:inline-block;width:4.7px"> </div>and, if necessary, would adjust<div style="display:inline-block;width:4.83px"> </div>these investments to their fair value when a </div><div id="a83350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">decline in market value or other impairment indicators are<div style="display:inline-block;width:4.66px"> </div>deemed to be other than temporary.</div></div></div><div id="a83350_93_39" style="position:absolute;font-weight:normal;font-style:normal;left:507.719px;top:184.6px;"><div style="display:inline-block;width:6.72px"> </div>See Note 17 of Notes to Consolidated </div><div id="a83394" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">Financial Statements.<div style="display:inline-block;width:7.13px"> </div></div><div id="div_630_XBRL_TS_81c530ee9b494b7c95c59f6be8ea12ef" style="position:absolute;left:0px;top:200px;float:left;"><div id="TextBlockContainer631" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:685px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83394_23_104" style="position:absolute;font-weight:normal;font-style:normal;left:125.893px;top:0px;">The Company is not the primary beneficiary of any<div style="display:inline-block;width:4.61px"> </div>variable interest entities (“VIEs”) and therefore the </div><div id="a83431" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Company’s consolidated<div style="display:inline-block;width:4.77px"> </div>financial statements do not include the accounts of any VIEs.</div></div></div><div id="a83431_84_1" style="position:absolute;font-weight:normal;font-style:normal;left:466.6px;top:215.4px;"> </div><div id="a83456" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:238.8px;">Translation of<div style="display:inline-block;width:4.7px"> </div>foreign currency: </div><div id="div_632_XBRL_TS_8bb23b3263df4bf6a10f26f2a5ecaf41" style="position:absolute;left:0px;top:238.8px;float:left;"><div id="TextBlockContainer633" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83464" style="position:absolute;font-weight:normal;font-style:normal;left:215.973px;top:0px;">Assets and liabilities of non-U.S. subsidiaries and associated comp<div style="display:inline-block;width:1.61px"> </div>anies are translated into </div><div id="a83491" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">U.S. dollars at the respective rates of exchange prevailing<div style="display:inline-block;width:4.88px"> </div>at the end of the year.<div style="display:inline-block;width:7.8px"> </div>Income and expense accounts are translated at </div><div id="a83536" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">average exchange rates prevailing during the year.<div style="display:inline-block;width:8.69px"> </div>Translation adjustments resulting<div style="display:inline-block;width:4.58px"> </div>from this process are recorded directly in equity </div><div id="a83572" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">as accumulated other comprehensive (loss) income<div style="display:inline-block;width:4.71px"> </div>(“AOCI”) and will be included as income or expense only upon<div style="display:inline-block;width:4.72px"> </div>sale or liquidation </div><div id="a83612" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">of the underlying entity or asset.<div style="display:inline-block;width:7.52px"> </div>Generally, all of the<div style="display:inline-block;width:4.79px"> </div>Company’s non-U.S. subsidiaries<div style="display:inline-block;width:4.79px"> </div>use their local currency as their functional </div><div id="a83655" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">currency.</div></div></div><div id="a83655_9_1" style="position:absolute;font-weight:normal;font-style:normal;left:54.379px;top:315.4px;"> </div><div id="a83657" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:338.8px;">Cash and cash equivalents: </div><div id="div_634_XBRL_TS_e85417e329a54e7d987a2dec7bf1b1b9" style="position:absolute;left:0px;top:338.8px;float:left;"><div id="TextBlockContainer635" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83665" style="position:absolute;left:186.213px;top:0px;">The Company invests temporary and excess funds in money market securities and financial </div><div id="a83691" style="position:absolute;left:4.427px;top:15.2px;">instruments having maturities within 90 days. The Company considers all highly liquid investments with original maturities of three </div><div id="a83727" style="position:absolute;left:4.427px;top:30.6px;">months or less to be cash equivalents.</div><div id="a83727_38_77" style="position:absolute;font-weight:normal;font-style:normal;left:205.573px;top:30.6px;"><div style="display:inline-block;width:6.72px"> </div>The Company has not experienced losses from the aforementioned<div style="display:inline-block;width:5.03px"> </div>investments.</div></div></div><div id="a83727_115_3" style="position:absolute;font-weight:normal;font-style:normal;left:638.96px;top:369.3px;"><div style="display:inline-block;width:6.56px"> </div></div><div id="div_636_XBRL_TS_af7e1d61db874fb5959dbc0e33828951" style="position:absolute;left:24px;top:392.7px;float:left;"><div id="TextBlockContainer637" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:703px;height:16px;display:inline-block;"><div id="a83762" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Inventories: </div><div id="a83764" style="position:absolute;font-weight:normal;font-style:normal;left:76.613px;top:0px;">Inventories are valued at the lower of cost or net realizable<div style="display:inline-block;width:4.77px"> </div>value, and are valued using the first-in, first-out method.</div></div></div><div id="a83764_121_2" style="position:absolute;font-weight:normal;font-style:normal;left:718.48px;top:392.7px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a83810" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:408px;">See Note 14 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:14.73px"> </div></div><div id="a83831" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:431.4px;">Long-lived assets: </div><div id="div_638_XBRL_TS_be81d2059cc44c7ea2256e53b963249f" style="position:absolute;left:0px;top:431.4px;float:left;"><div id="TextBlockContainer639" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83837" style="position:absolute;font-weight:normal;font-style:normal;left:133.573px;top:0px;">Property, plant and<div style="display:inline-block;width:4.92px"> </div>equipment (“PP&amp;E”) are stated at gross cost, less accumulated depreciation.<div style="display:inline-block;width:8.23px"> </div>Depreciation </div><div id="a83865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">is computed using the straight-line method on an individual<div style="display:inline-block;width:4.73px"> </div>asset basis over the following estimated useful lives: building<div style="display:inline-block;width:1.45px"> </div>s<div style="display:inline-block;width:3.31px"> </div>and </div><div id="a83906" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">improvements, </div><div id="a83906_14_2" style="position:absolute;left:87.499px;top:30.6px;-sec-ix-hidden:ID_7;">10</div><div id="a83906_16_4" style="position:absolute;font-weight:normal;font-style:normal;left:100.933px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a83906_20_2" style="position:absolute;left:117.893px;top:30.6px;-sec-ix-hidden:ID_10;">45</div><div id="a83906_22_37" style="position:absolute;font-weight:normal;font-style:normal;left:131.173px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>years; and machinery and equipment, </div><div id="a83906_59_1" style="position:absolute;left:337.293px;top:30.6px;-sec-ix-hidden:ID_8;">1</div><div id="a83906_60_4" style="position:absolute;font-weight:normal;font-style:normal;left:344.013px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a83906_64_2" style="position:absolute;left:361.133px;top:30.6px;-sec-ix-hidden:ID_11;">15</div><div id="a83906_66_64" style="position:absolute;font-weight:normal;font-style:normal;left:374.413px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.77px"> </div>The carrying values of long-lived assets are evaluated </div><div id="a83952" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">whenever changes in circumstances or current events indicate<div style="display:inline-block;width:4.91px"> </div>the carrying amount of such assets may not be recoverable.<div style="display:inline-block;width:8.13px"> </div>An estimate </div><div id="a83992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">of undiscounted cash flows produced by the asset, or the<div style="display:inline-block;width:4.83px"> </div>appropriate group of assets, is compared with the carrying value to<div style="display:inline-block;width:4.72px"> </div>determine </div><div id="a84036" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">whether an impairment exists.<div style="display:inline-block;width:7.33px"> </div>If necessary, the Company<div style="display:inline-block;width:4.9px"> </div>recognizes an impairment loss for the difference between<div style="display:inline-block;width:4.91px"> </div>the carrying </div><div id="a84073" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">amount of the assets and their estimated fair value.<div style="display:inline-block;width:8.1px"> </div>Fair value is based on current and anticipated future cash flows.<div style="display:inline-block;width:8.05px"> </div>Upon sale or </div><div id="a84119" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">other dispositions of long-lived assets, the applicable amounts of<div style="display:inline-block;width:4.75px"> </div>asset cost and accumulated depreciation are removed from<div style="display:inline-block;width:4.75px"> </div>the </div><div id="a84157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">accounts and the net amount, less proceeds from<div style="display:inline-block;width:4.58px"> </div>disposals, is recorded in the Consolidated Statements of Income.<div style="display:inline-block;width:8.27px"> </div>Expenditures for </div><div id="a84196" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:137.9px;">renewals or improvements that increase the estimated useful<div style="display:inline-block;width:4.74px"> </div>life or capacity of the assets are capitalized, whereas<div style="display:inline-block;width:4.74px"> </div>expenditures for </div><div id="a84235" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">repairs and maintenance are expensed when incurred.</div></div></div><div id="a84235_51_72" style="position:absolute;font-weight:normal;font-style:normal;left:290.093px;top:584.7px;"><div style="display:inline-block;width:6.56px"> </div>See Notes 9 and 15 of Notes to Consolidated Financial<div style="display:inline-block;width:4.74px"> </div>Statements.<div style="display:inline-block;width:13.44px"> </div></div><div id="a84275" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:608.1px;">Capitalized software: </div><div id="div_640_XBRL_TS_c6b2278853c34fefaa4b2c59155c935b" style="position:absolute;left:0px;top:608.1px;float:left;"><div id="TextBlockContainer641" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:713px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84279" style="position:absolute;font-weight:normal;font-style:normal;left:153.733px;top:0px;">The Company capitalizes certain costs in connection with developing<div style="display:inline-block;width:4.89px"> </div>or obtaining software for internal </div><div id="a84307" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">use, depending on the associated project.<div style="display:inline-block;width:7.66px"> </div>These costs are amortized over a period of </div><div id="a84307_86_1" style="position:absolute;left:458.759px;top:15.4px;-sec-ix-hidden:ID_9;">3</div><div id="a84307_87_4" style="position:absolute;font-weight:normal;font-style:normal;left:465.479px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a84307_91_1" style="position:absolute;left:482.439px;top:15.4px;-sec-ix-hidden:ID_12;">5</div><div id="a84307_92_43" style="position:absolute;font-weight:normal;font-style:normal;left:489.159px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>years once the assets are ready for their </div><div id="a84360" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">intended use.</div></div></div><div id="a84360_13_115" style="position:absolute;font-weight:normal;font-style:normal;left:74.859px;top:638.6px;"><div style="display:inline-block;width:6.72px"> </div>In connection with the implementations and upgrades to<div style="display:inline-block;width:4.72px"> </div>the Company’s global transaction,<div style="display:inline-block;width:4.85px"> </div>consolidation and other </div><div id="a84395" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:654px;">related systems, approximately </div><div id="a84395_31_4" style="position:absolute;left:173.413px;top:654px;-sec-ix-hidden:ID_497;">$2.3</div><div id="a84395_35_13" style="position:absolute;font-weight:normal;font-style:normal;left:196.773px;top:654px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a84395_48_4" style="position:absolute;left:264.653px;top:654px;-sec-ix-hidden:ID_383;">$2.6</div><div id="a84395_52_77" style="position:absolute;font-weight:normal;font-style:normal;left:288.013px;top:654px;"><div style="display:inline-block;width:3.2px"> </div>million of net costs were capitalized in PP&amp;E on the<div style="display:inline-block;width:4.81px"> </div>Company’s Consolidated </div><div id="a84434" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:669.3px;">Balance Sheets at December 31, 2020 and 2019, respectively.<div style="display:inline-block;width:5.74px"> </div></div><div id="a84453" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:692.7px;">Goodwill and other intangible assets: </div><div id="div_642_XBRL_TS_048c6496b97841dd95a839df668f177d" style="position:absolute;left:0px;top:692.7px;float:left;"><div id="TextBlockContainer643" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84463" style="position:absolute;font-weight:normal;font-style:normal;left:242.893px;top:0px;">The Company records goodwill, definite-lived intangible<div style="display:inline-block;width:4.88px"> </div>assets and indefinite-lived </div><div id="a84485" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">intangible assets at fair value at the date of acquisition.<div style="display:inline-block;width:8.1px"> </div>Goodwill and indefinite-lived intangible assets are not amortized<div style="display:inline-block;width:4.85px"> </div>but tested for </div><div id="a84529" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">impairment at least annually.<div style="display:inline-block;width:8.18px"> </div>These tests will be performed more frequently if triggering<div style="display:inline-block;width:4.95px"> </div>events indicate potential impairment. </div><div id="a84564" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Definite-lived intangible assets are amortized on a straight<div style="display:inline-block;width:1.46px"> </div>-line basis over their estimated useful lives, generally for periods ranging </div><div id="a84606" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">from </div><div id="a84606_5_1" style="position:absolute;left:33.867px;top:61.3px;-sec-ix-hidden:ID_13;">4</div><div id="a84606_6_4" style="position:absolute;font-weight:normal;font-style:normal;left:40.459px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a84606_10_2" style="position:absolute;left:57.579px;top:61.3px;-sec-ix-hidden:ID_14;">20</div><div id="a84606_12_119" style="position:absolute;font-weight:normal;font-style:normal;left:70.859px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.74px"> </div>The Company continually evaluates the reasonableness of<div style="display:inline-block;width:4.73px"> </div>the useful lives of these assets, consistent with the </div><div id="a84649" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">discussion of long-lived assets, above.</div></div></div><div id="a84649_39_60" style="position:absolute;font-weight:normal;font-style:normal;left:208.933px;top:769.4px;"><div style="display:inline-block;width:6.72px"> </div>See Note 16 of Notes to Consolidated Financial Statements.</div></div><div id="TextBlockContainer660" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:823px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84727" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Revenue recognition: </div><div id="div_646_XBRL_TS_dd11f539364e4e24b48554c815814880" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer647" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84731" style="position:absolute;font-weight:normal;font-style:normal;left:152.933px;top:0px;">The Company applies the Financial Accounting Standards<div style="display:inline-block;width:4.83px"> </div>Board’s (“FASB’s”)<div style="display:inline-block;width:6px"> </div>guidance on revenue </div><div id="a84755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">recognition which requires the Company to recognize<div style="display:inline-block;width:4.72px"> </div>revenue in an amount that reflects the consideration to which<div style="display:inline-block;width:4.73px"> </div>the Company </div><div id="a84793" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">expects to be entitled in exchange for goods or services<div style="display:inline-block;width:4.72px"> </div>transferred to its customers.<div style="display:inline-block;width:7.39px"> </div>To do this, the Company<div style="display:inline-block;width:4.96px"> </div>applies the five-step </div><div id="a84839" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">model in the FASB’s<div style="display:inline-block;width:5.39px"> </div>guidance, which requires the Company to: (i) identify<div style="display:inline-block;width:4.86px"> </div>the contract with a customer; (ii) identify the performance </div><div id="a84882" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">obligations in the contract; (iii) determine the transaction<div style="display:inline-block;width:4.66px"> </div>price; (iv) allocate the transaction price to the performance<div style="display:inline-block;width:4.78px"> </div>obligations in the </div><div id="a84922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">contract; and (v) recognize revenue when, or as,<div style="display:inline-block;width:4.71px"> </div>the Company satisfies a performance obligation.</div></div></div><div id="a84922_96_38" style="position:absolute;font-weight:normal;font-style:normal;left:523.079px;top:76.6px;"><div style="display:inline-block;width:6.72px"> </div>See Note 5 of Notes to Consolidated </div><div id="a84965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">Financial Statements.<div style="display:inline-block;width:7.13px"> </div></div><div id="a84970" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:115.4px;">Accounts receivable and allowance for doubtful<div style="display:inline-block;width:4.74px"> </div>accounts: </div><div id="div_648_XBRL_TS_551f3029acd24fd28eebb66e14e3eaef" style="position:absolute;left:0px;top:115.4px;float:left;"><div id="TextBlockContainer649" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:701px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84984" style="position:absolute;font-weight:normal;font-style:normal;left:360.013px;top:0px;">Trade accounts receivable subject the Company<div style="display:inline-block;width:4.88px"> </div>to credit risk.<div style="display:inline-block;width:3.48px"> </div></div><div id="a85002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Trade accounts receivable are recorded<div style="display:inline-block;width:4.78px"> </div>at the invoiced amount and generally do not bear interest.<div style="display:inline-block;width:7.81px"> </div>The allowance for doubtful </div><div id="a85041" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">accounts is the Company’s<div style="display:inline-block;width:4.75px"> </div>best estimate of the amount of expected credit losses with its existing<div style="display:inline-block;width:4.85px"> </div>accounts receivable.</div></div></div><div id="a85041_118_14" style="position:absolute;font-weight:normal;font-style:normal;left:631.919px;top:146.1px;"><div style="display:inline-block;width:6.72px"> </div>The Company </div><div id="a85082" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">adopted ASU 2016-13, </div><div id="a85090" style="position:absolute;font-weight:normal;font-style:italic;left:131.333px;top:161.3px;">Financial Instruments - Credit Losses (Topic</div><div id="a85101" style="position:absolute;font-weight:normal;font-style:normal;left:371.533px;top:161.3px;"> </div><div id="a85102" style="position:absolute;font-weight:normal;font-style:italic;left:374.893px;top:161.3px;">326): Measurement of Credit</div><div id="a85109" style="position:absolute;font-weight:normal;font-style:normal;left:530.6px;top:161.3px;"> </div><div id="a85110" style="position:absolute;font-weight:normal;font-style:italic;left:533.96px;top:161.3px;">Losses on Financial Instruments </div><div id="a85118" style="position:absolute;font-weight:normal;font-style:normal;left:711.12px;top:161.3px;">on </div><div id="a85120" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">a modified retrospective basis, effective January<div style="display:inline-block;width:4.79px"> </div>1, 2020.<div style="display:inline-block;width:6.92px"> </div>See Note 3 of Notes to the Consolidated Financial Statements. </div><div id="div_650_XBRL_TS_6846119b2c9a4f30962ddf200e6d2985" style="position:absolute;left:0px;top:200px;float:left;"><div id="TextBlockContainer651" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85156" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes an allowance for credit losses, which<div style="display:inline-block;width:4.86px"> </div>represents the portion of the receivable that the Company does<div style="display:inline-block;width:4.77px"> </div>not </div><div id="a85197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">expect to collect over its contractual life, considering<div style="display:inline-block;width:4.75px"> </div>past events and reasonable and supportable forecasts of<div style="display:inline-block;width:4.73px"> </div>future economic </div><div id="a85233" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">conditions.<div style="display:inline-block;width:7.14px"> </div>The Company’s allowance for<div style="display:inline-block;width:4.74px"> </div>credit losses on its trade accounts receivable is based on specific<div style="display:inline-block;width:4.9px"> </div>collectability facts and </div><div id="a85273" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">circumstances for each outstanding receivable and customer,<div style="display:inline-block;width:5.32px"> </div>the aging of outstanding receivables, and the associated<div style="display:inline-block;width:4.73px"> </div>collection risk </div><div id="a85308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">the Company estimates for certain past due aging categories,<div style="display:inline-block;width:4.76px"> </div>and also, the general risk to all outstanding accounts receivable<div style="display:inline-block;width:4.81px"> </div>based on </div><div id="a85350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">historical amounts determined to be uncollectible.<div style="display:inline-block;width:7.98px"> </div>The Company does not have any off-balance-sheet credit<div style="display:inline-block;width:4.83px"> </div>exposure related to its </div><div id="a85391" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">customers.</div></div></div><div id="a85391_10_62" style="position:absolute;font-weight:normal;font-style:normal;left:61.899px;top:292px;"><div style="display:inline-block;width:6.72px"> </div>See Note 13 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:4.62px"> </div></div><div id="a85412" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:315.4px;">Research and development costs</div><div id="div_652_XBRL_TS_d6b00c42d20845c792f501b6e9b30991" style="position:absolute;left:0px;top:315.4px;float:left;"><div id="TextBlockContainer653" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85419" style="position:absolute;font-weight:normal;font-style:normal;left:216.973px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>Research and development costs are expensed as incurred<div style="display:inline-block;width:4.71px"> </div>and are included in selling, general </div><div id="a85448" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and administrative expenses (“SG&amp;A”).</div></div></div><div id="a85448_37_41" style="position:absolute;font-weight:normal;font-style:normal;left:219.213px;top:330.8px;"><div style="display:inline-block;width:6.72px"> </div>Research and development expenses were </div><div id="a85448_78_5" style="position:absolute;left:453.8px;top:330.8px;-sec-ix-hidden:ID_466;">$40.0</div><div id="a85448_83_10" style="position:absolute;font-weight:normal;font-style:normal;left:483.88px;top:330.8px;"><div style="display:inline-block;width:3.2px"> </div>million, </div><div id="a85448_93_5" style="position:absolute;left:532.36px;top:330.8px;-sec-ix-hidden:ID_271;">$32.1</div><div id="a85448_98_13" style="position:absolute;font-weight:normal;font-style:normal;left:562.44px;top:330.8px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a85448_111_5" style="position:absolute;left:630.16px;top:330.8px;-sec-ix-hidden:ID_272;">$24.5</div><div id="a85448_116_13" style="position:absolute;font-weight:normal;font-style:normal;left:660.24px;top:330.8px;"><div style="display:inline-block;width:3.36px"> </div>million for </div><div id="a85482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346.1px;">the years ended December 31, 2020, 2019 and 2018,<div style="display:inline-block;width:4.74px"> </div>respectively.<div style="display:inline-block;width:4.27px"> </div></div><div id="a85503" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:369.3px;">Environmental liabilities and expenditures:</div><div id="a85510" style="position:absolute;font-weight:normal;font-style:normal;left:275.533px;top:369.3px;"> </div><div id="div_654_XBRL_TS_565f547debc048d0bc5d0ae9c16e6590" style="position:absolute;left:0px;top:369.3px;float:left;"><div id="TextBlockContainer655" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85510_1_85" style="position:absolute;font-weight:normal;font-style:normal;left:278.893px;top:0px;">Accruals for environmental matters are recorded<div style="display:inline-block;width:4.7px"> </div>when it is probable that a liability </div><div id="a85537" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">has been incurred and the amount of the liability can<div style="display:inline-block;width:4.59px"> </div>be reasonably estimated.<div style="display:inline-block;width:7.2px"> </div>If there is a range of estimated liability and no amount </div><div id="a85585" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">in that range is considered more probable than another,<div style="display:inline-block;width:5.29px"> </div>then the Company records the lowest amount in the range in accordance<div style="display:inline-block;width:4.92px"> </div>with </div><div id="a85630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">generally accepted accounting principles in the United<div style="display:inline-block;width:4.73px"> </div>States (“U.S. GAAP”).<div style="display:inline-block;width:7.06px"> </div>Environmental costs and remediation costs are </div><div id="a85663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">capitalized if the costs extend the life, increase the<div style="display:inline-block;width:4.74px"> </div>capacity or improve safety or efficiency of the property<div style="display:inline-block;width:4.63px"> </div>from the date acquired or </div><div id="a85709" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.8px;">constructed, and/or mitigate or prevent contamination<div style="display:inline-block;width:4.72px"> </div>in the future.</div></div></div><div id="a85709_68_63" style="position:absolute;font-weight:normal;font-style:normal;left:363.053px;top:446.1px;"><div style="display:inline-block;width:6.56px"> </div>See Note 26 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:8.01px"> </div></div><div id="a85747" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:469.3px;">Asset retirement obligations: </div><div id="div_656_XBRL_TS_e68f8418e59d4099928ffe0e7c67b8d6" style="position:absolute;left:0px;top:469.3px;float:left;"><div id="TextBlockContainer657" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85753" style="position:absolute;font-weight:normal;font-style:normal;left:196.293px;top:0px;">The Company follows the FASB’s<div style="display:inline-block;width:5.64px"> </div>guidance regarding asset retirement obligations,<div style="display:inline-block;width:4.77px"> </div>which </div><div id="a85776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">addresses the accounting and reporting for obligations<div style="display:inline-block;width:4.73px"> </div>associated with the retirement of tangible long-lived assets and the associated </div><div id="a85814" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">retirement costs.<div style="display:inline-block;width:7.14px"> </div>Also, the Company follows the FASB’s<div style="display:inline-block;width:5.69px"> </div>guidance for conditional asset retirement obligations<div style="display:inline-block;width:4.74px"> </div>(“CARO”), which </div><div id="a85846" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">relates to legal obligations to perform an asset retirement<div style="display:inline-block;width:4.88px"> </div>activity in which the timing and (or) method of settlement are<div style="display:inline-block;width:4.59px"> </div>conditional on </div><div id="a85891" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">a future event that may or may not be within the control<div style="display:inline-block;width:4.8px"> </div>of the entity.<div style="display:inline-block;width:7.77px"> </div>In accordance with this guidance, the Company records a </div><div id="a85939" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">liability when there is enough information regarding the<div style="display:inline-block;width:4.69px"> </div>timing of the CARO to perform a probability-weighted discounted cash<div style="display:inline-block;width:4.78px"> </div>flow </div><div id="a85979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">analysis.</div></div></div><div id="a85979_9_120" style="position:absolute;font-weight:normal;font-style:normal;left:50.699px;top:561.3px;"><div style="display:inline-block;width:6.72px"> </div>As of December 31, 2020 and 2019, the Company<div style="display:inline-block;width:4.53px"> </div>had limited exposure to such obligations and had immaterial<div style="display:inline-block;width:4.81px"> </div>liabilities </div><div id="a86021" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:576.7px;">recorded for such on its Consolidated Balance Sheets.<div style="display:inline-block;width:7.96px"> </div></div><div id="a86039" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:600.1px;">Pension and o</div><div id="div_658_XBRL_TS_28a740e3ed1945708ea49387ba9cfc50" style="position:absolute;left:0px;top:600.1px;float:left;"><div id="TextBlockContainer659" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86039_13_30" style="position:absolute;font-weight:bold;font-style:normal;left:107.653px;top:0px;">ther postretirement benefits: </div><div id="a86049" style="position:absolute;font-weight:normal;font-style:normal;left:274.893px;top:0px;">The Company maintains various noncontributory retirement<div style="display:inline-block;width:4.8px"> </div>plans, covering a </div><div id="a86067" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">portion of its employees in the U.S. and certain other<div style="display:inline-block;width:4.75px"> </div>countries, including the Netherlands, the United Kingdom<div style="display:inline-block;width:4.7px"> </div>(“U.K.”), Mexico, </div><div id="a86106" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">Sweden, Germany and France.<div style="display:inline-block;width:7.39px"> </div>These retirement plans are subject to the provisions of FASB’s<div style="display:inline-block;width:6.25px"> </div>guidance regarding employers’ </div><div id="a86140" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">accounting for defined benefit pension plans.<div style="display:inline-block;width:7.89px"> </div>The plans of the remaining non-U.S. subsidiaries are, for<div style="display:inline-block;width:4.7px"> </div>the most part, either fully </div><div id="a86183" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">insured or integrated with the local governments’ plans and<div style="display:inline-block;width:4.71px"> </div>are not subject to the provisions of the guidance.<div style="display:inline-block;width:7.88px"> </div>The guidance requires </div><div id="a86225" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">that employers recognize on a prospective basis the<div style="display:inline-block;width:4.74px"> </div>funded status of their defined benefit pension and other<div style="display:inline-block;width:4.6px"> </div>postretirement plans on </div><div id="a86266" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">their consolidated balance sheet and, also, recognize<div style="display:inline-block;width:4.76px"> </div>as a component of AOCI, net of tax, the gains or losses and prior<div style="display:inline-block;width:4.83px"> </div>service costs or </div><div id="a86314" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">credits that arise during the period but are not recognized<div style="display:inline-block;width:4.91px"> </div>as components of net periodic benefit cost.<div style="display:inline-block;width:7.53px"> </div>In addition, the guidance </div><div id="a86357" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">requires that an employer recognize a settlement charge<div style="display:inline-block;width:5.03px"> </div>in their consolidated statement of income when certain events occur, </div><div id="a86393" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138px;">including plan termination or the settlement of certain<div style="display:inline-block;width:4.57px"> </div>plan liabilities.<div style="display:inline-block;width:6.83px"> </div>A settlement charge represents the immediate<div style="display:inline-block;width:4.92px"> </div>recognition into </div><div id="a86430" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">expense of a portion of the unrecognized loss within AOCI on<div style="display:inline-block;width:4.82px"> </div>the balance sheet in proportion to the share of the projected benefit </div><div id="a86476" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.7px;">obligation that was settled.<div style="display:inline-block;width:7.42px"> </div>The Company’s Legacy<div style="display:inline-block;width:4.7px"> </div>Quaker U.S. pension plan year ends on November 30 and the<div style="display:inline-block;width:4.71px"> </div>measurement date is </div><div id="a86519" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">December 31.<div style="display:inline-block;width:7.15px"> </div>The measurement date for the Company’s<div style="display:inline-block;width:5.03px"> </div>other postretirement benefits plan is December 31.<div style="display:inline-block;width:7.72px"> </div></div><div id="a86551" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;"><div style="display:inline-block;width:192.03px"> </div></div></div></div></div><div id="TextBlockContainer668" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:838px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_662_XBRL_TS_28a740e3ed1945708ea49387ba9cfc50_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer663" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:300px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86602" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s global<div style="display:inline-block;width:4.65px"> </div>pension investment policies are designed to ensure that<div style="display:inline-block;width:4.57px"> </div>pension assets are invested in a manner consistent </div><div id="a86641" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">with meeting the future benefit obligations of the pension<div style="display:inline-block;width:4.78px"> </div>plans and maintaining compliance with various laws and regulations </div><div id="a86677" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">including the Employee Retirement Income Security<div style="display:inline-block;width:4.8px"> </div>Act of 1974.<div style="display:inline-block;width:6.84px"> </div>The Company establishes strategic asset allocation percentage </div><div id="a86709" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">targets and benchmarks for significant asset classes<div style="display:inline-block;width:4.7px"> </div>with the aim of achieving a prudent balance between<div style="display:inline-block;width:4.74px"> </div>return and risk.<div style="display:inline-block;width:6.8px"> </div>The </div><div id="a86749" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Company’s investment<div style="display:inline-block;width:4.65px"> </div>horizon is generally long term, and, accordingly,<div style="display:inline-block;width:5.46px"> </div>the target asset allocations encompass a long-term </div><div id="a86784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">perspective of capital markets, expected risk and return<div style="display:inline-block;width:4.8px"> </div>and perceived future economic conditions while also considering<div style="display:inline-block;width:4.77px"> </div>the profile of </div><div id="a86822" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">plan liabilities.<div style="display:inline-block;width:7.02px"> </div>To the extent<div style="display:inline-block;width:4.62px"> </div>feasible, the short-term investment portfolio is managed<div style="display:inline-block;width:4.85px"> </div>to match the short-term obligations, the </div><div id="a86862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">intermediate portfolio duration is matched to reduce<div style="display:inline-block;width:4.78px"> </div>the risk of volatility in intermediate plan distributions, and the<div style="display:inline-block;width:4.74px"> </div>total return </div><div id="a86902" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">portfolio is managed to maximize the long-term real<div style="display:inline-block;width:4.62px"> </div>growth of plan assets.<div style="display:inline-block;width:7.1px"> </div>The critical investment principles of diversification, </div><div id="a86941" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">assessment of risk and targeting the optimal expected<div style="display:inline-block;width:4.87px"> </div>returns for given levels of risk are applied.<div style="display:inline-block;width:7.62px"> </div>The Company’s investment </div><div id="a86979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">guidelines prohibit the use of securities such as letter stock and<div style="display:inline-block;width:4.88px"> </div>other unregistered securities, commodities or commodity contracts, </div><div id="a87015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.6px;">short sales, margin transactions, private placements<div style="display:inline-block;width:4.96px"> </div>(unless specifically addressed by addendum), or any derivatives, options or<div style="display:inline-block;width:4.83px"> </div>futures </div><div id="a87050" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">for the purpose of portfolio leveraging.<div style="display:inline-block;width:7.53px"> </div></div><div id="a87063" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:207.4px;">The target asset allocation is reviewed periodically<div style="display:inline-block;width:4.79px"> </div>and is determined based on a long-term projection of capital market<div style="display:inline-block;width:4.96px"> </div>outcomes, </div><div id="a87104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">inflation rates, fixed income yields, returns, volatilities and<div style="display:inline-block;width:4.83px"> </div>correlation relationships.<div style="display:inline-block;width:7.2px"> </div>The interaction between plan assets and benefit </div><div id="a87138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.1px;">obligations is periodically studied to assist in establishing such<div style="display:inline-block;width:4.86px"> </div>strategic asset allocation targets.<div style="display:inline-block;width:7.63px"> </div>Asset performance is monitored with </div><div id="a87175" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:253.3px;">an overall expectation that plan assets will meet or exceed<div style="display:inline-block;width:4.71px"> </div>benchmark performance over rolling five-year periods.<div style="display:inline-block;width:8.04px"> </div>The Company’s </div><div id="a87213" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:268.7px;">pension committee, as authorized by the Company’s<div style="display:inline-block;width:5.39px"> </div>Board of Directors, has discretion to manage the assets within<div style="display:inline-block;width:4.7px"> </div>established asset </div><div id="a87252" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284px;">allocation ranges approved by senior management of the<div style="display:inline-block;width:4.81px"> </div>Company.</div></div></div><div id="a87252_63_63" style="position:absolute;font-weight:normal;font-style:normal;left:364.813px;top:284px;"><div style="display:inline-block;width:6.72px"> </div>See Note 21 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:8.01px"> </div></div><div id="a87291" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:307.4px;">Comprehensive income (loss):</div><div id="a87296" style="position:absolute;font-weight:normal;font-style:normal;left:198.853px;top:307.4px;"> </div><div id="div_664_XBRL_TS_e90859411ca641ab90f4e8531a907f2a" style="position:absolute;left:0px;top:307.4px;float:left;"><div id="TextBlockContainer665" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87296_1_90" style="position:absolute;font-weight:normal;font-style:normal;left:202.213px;top:0px;">The Company presents other comprehensive income (loss) in its Statements<div style="display:inline-block;width:4.84px"> </div>of Comprehensive </div><div id="a87322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Income.<div style="display:inline-block;width:6.97px"> </div>The Company follows the FASB’s<div style="display:inline-block;width:5.63px"> </div>guidance regarding the disclosure of reclassifications from<div style="display:inline-block;width:4.8px"> </div>AOCI which requires the </div><div id="a87357" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">disclosure of significant amounts reclassified from each<div style="display:inline-block;width:4.86px"> </div>component of AOCI, the related tax amounts and the income<div style="display:inline-block;width:4.76px"> </div>statement line </div><div id="a87395" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">items affected by such reclassifications.</div></div></div><div id="a87395_41_62" style="position:absolute;font-weight:normal;font-style:normal;left:216.653px;top:353.3px;"><div style="display:inline-block;width:6.72px"> </div>See Note 23 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:4.61px"> </div></div><div id="a87425" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:376.7px;">Income taxes and uncertain tax positions:</div><div id="a87436" style="position:absolute;font-weight:normal;font-style:normal;left:265.293px;top:376.7px;"> </div><div id="div_666_XBRL_TS_a5ccae30dc4f4853bcf682c9aa486e12" style="position:absolute;left:0px;top:376.7px;float:left;"><div id="TextBlockContainer667" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87436_1_84" style="position:absolute;font-weight:normal;font-style:normal;left:268.653px;top:0px;">The provision for income taxes is determined using the asset and<div style="display:inline-block;width:4.89px"> </div>liability approach </div><div id="a87464" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">of accounting for income taxes.<div style="display:inline-block;width:7.44px"> </div>Under this approach, deferred taxes represent the future tax consequences<div style="display:inline-block;width:5px"> </div>expected to occur when the </div><div id="a87505" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">reported amounts of assets and liabilities are recovered<div style="display:inline-block;width:4.71px"> </div>or paid.<div style="display:inline-block;width:6.79px"> </div>The provision for income taxes represents income taxes paid<div style="display:inline-block;width:4.8px"> </div>or </div><div id="a87546" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">payable for the current year and the change in deferred taxes<div style="display:inline-block;width:4.64px"> </div>during the year.<div style="display:inline-block;width:7.93px"> </div>Deferred taxes result from differences between the </div><div id="a87589" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">financial and tax bases of the Company’s<div style="display:inline-block;width:5.1px"> </div>assets and liabilities and are adjusted for changes in tax rates and<div style="display:inline-block;width:4.87px"> </div>tax laws when changes are </div><div id="a87637" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">enacted.<div style="display:inline-block;width:7.05px"> </div>Valuation<div style="display:inline-block;width:4.94px"> </div>allowances are recorded to reduce deferred tax assets when it is more<div style="display:inline-block;width:4.93px"> </div>likely than not that a tax benefit will not be </div><div id="a87686" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">realized.<div style="display:inline-block;width:7.01px"> </div>The FASB’s<div style="display:inline-block;width:5.18px"> </div>guidance regarding accounting for uncertainty in income<div style="display:inline-block;width:4.83px"> </div>taxes prescribes the recognition threshold and </div><div id="a87719" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">measurement attributes for financial statement recognition<div style="display:inline-block;width:4.82px"> </div>and measurement of tax positions taken or expected to be<div style="display:inline-block;width:4.69px"> </div>taken on a tax </div><div id="a87759" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">return.<div style="display:inline-block;width:6.92px"> </div>The guidance further requires the determination of whether<div style="display:inline-block;width:4.7px"> </div>the benefits of tax positions are probable or more likely than not </div><div id="a87802" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">sustained upon audit based upon the technical merits of<div style="display:inline-block;width:4.81px"> </div>the tax position.<div style="display:inline-block;width:7.14px"> </div>For tax positions that are determined to be more likely than </div><div id="a87850" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">not sustained upon audit, a company recognizes the largest<div style="display:inline-block;width:4.91px"> </div>amount of benefit that is greater than </div><div id="a87850_98_2" style="position:absolute;left:521.96px;top:153.3px;-sec-ix-hidden:ID_15;">50</div><div id="a87850_100_32" style="position:absolute;font-weight:normal;font-style:normal;left:535.24px;top:153.3px;">% likely of being realized upon </div><div id="a87894" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.7px;">ultimate settlement in the financial statements.<div style="display:inline-block;width:7.71px"> </div>For tax positions that are not determined to be more likely<div style="display:inline-block;width:4.77px"> </div>than not sustained upon </div><div id="a87937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">audit, a company does not recognize any portion of the<div style="display:inline-block;width:4.64px"> </div>benefit in the financial statements.<div style="display:inline-block;width:7.41px"> </div>Additionally, the Company<div style="display:inline-block;width:4.9px"> </div>monitors and </div><div id="a87978" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:199.4px;">adjusts for derecognition, classification, and penalties and<div style="display:inline-block;width:4.83px"> </div>interest in interim periods, with appropriate disclosure and<div style="display:inline-block;width:4.74px"> </div>transition </div><div id="a88011" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:214.7px;">thereto.<div style="display:inline-block;width:7.04px"> </div>Also, the amount of interest expense and income related to uncertain<div style="display:inline-block;width:4.79px"> </div>tax positions is computed by applying the applicable </div><div id="a88054" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:229.9px;">statutory rate of interest to the difference<div style="display:inline-block;width:4.62px"> </div>between the tax position recognized, including timing differences,<div style="display:inline-block;width:5.19px"> </div>and the amount previously </div><div id="a88092" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:245.3px;">taken or expected to be taken in a tax return.<div style="display:inline-block;width:7.76px"> </div>The Company recognizes<div style="display:inline-block;width:3.97px"> </div>interest and/or penalties related to income tax matters in </div><div id="a88139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:260.7px;">income tax expense.<div style="display:inline-block;width:7.34px"> </div>Finally, when applicable,<div style="display:inline-block;width:4.74px"> </div>the Company nets its liability for unrecognized tax benefits<div style="display:inline-block;width:4.79px"> </div>against deferred tax assets </div><div id="a88180" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276px;">related to net operating losses or other tax credit carryforwards<div style="display:inline-block;width:4.75px"> </div>that would apply if the uncertain tax position were settled<div style="display:inline-block;width:4.74px"> </div>for the </div><div id="a88224" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:291.4px;">presumed amount at the balance sheet date.</div></div></div><div id="a88224_42_3" style="position:absolute;font-weight:normal;font-style:normal;left:236.013px;top:668.1px;"><div style="display:inline-block;width:6.56px"> </div></div><div id="a88240" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:691.5px;">Pursuant to the Tax<div style="display:inline-block;width:4.83px"> </div>Cuts and Jobs Act (“U.S. Tax<div style="display:inline-block;width:5.07px"> </div>Reform”), specifically the one-time tax on deemed repatriation<div style="display:inline-block;width:4.71px"> </div>(the “Transition </div><div id="a88285" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:706.7px;">Tax”),<div style="display:inline-block;width:4.6px"> </div>the Company has provided for U.S. income tax on its undistributed<div style="display:inline-block;width:4.88px"> </div>earnings of non-U.S. subsidiaries, however,<div style="display:inline-block;width:4.86px"> </div>the Company is </div><div id="a88328" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:722px;">subject to and will incur other taxes, such as withholding taxes and<div style="display:inline-block;width:4.85px"> </div>dividend distribution taxes, if these undistributed earnings were </div><div id="a88369" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:737.4px;">ultimately remitted to the U.S.<div style="display:inline-block;width:7.44px"> </div>The Company currently intends to reinvest its future undistributed<div style="display:inline-block;width:5.02px"> </div>earnings of non-U.S. subsidiaries to </div><div id="a88409" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:752.7px;">support working capital needs and certain other growth<div style="display:inline-block;width:4.81px"> </div>initiatives of those subsidiaries.<div style="display:inline-block;width:7.29px"> </div>However, in certain cases the Company<div style="display:inline-block;width:4.68px"> </div>has </div><div id="a88448" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:768.1px;">and may in the future change its indefinite reinvestment<div style="display:inline-block;width:4.86px"> </div>assertion for any or all of these undistributed earnings.<div style="display:inline-block;width:7.85px"> </div>In this case, the </div><div id="a88492" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:783.5px;">Company would estimate and record a tax liability and<div style="display:inline-block;width:4.72px"> </div>corresponding tax expense for the amount of non-U.S.<div style="display:inline-block;width:4.74px"> </div>income taxes it would </div><div id="a88536" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:798.8px;">incur to ultimately remit these earnings to the U.S.<div style="display:inline-block;width:7.89px"> </div>See Note 10 of Notes to Consolidated Financial Statements. </div><div id="a88572" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:822px;"><div style="display:inline-block;width:192.03px"> </div></div></div><div id="TextBlockContainer672" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88623" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Derivatives:</div><div id="a88624" style="position:absolute;font-weight:normal;font-style:normal;left:97.413px;top:0px;"> </div><div id="div_670_XBRL_TS_fe5e0183934d4fe9b017bb8da191445f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer671" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88624_1_109" style="position:absolute;font-weight:normal;font-style:normal;left:100.773px;top:0px;">The Company is exposed to the impact of changes in interest rates,<div style="display:inline-block;width:4.71px"> </div>foreign currency fluctuations, changes in </div><div id="a88659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">commodity prices and credit risk.<div style="display:inline-block;width:7.5px"> </div>The Company utilizes interest rate swap agreements to enhance<div style="display:inline-block;width:4.85px"> </div>its ability to manage risk, including </div><div id="a88700" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">exposure to variability in interest payments associated with its variable<div style="display:inline-block;width:4.97px"> </div>rate debt.<div style="display:inline-block;width:6.94px"> </div>Derivative instruments are entered into for periods </div><div id="a88739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">consistent with the related underlying exposures and do not<div style="display:inline-block;width:4.85px"> </div>constitute positions independent of those exposures.<div style="display:inline-block;width:7.92px"> </div>As of December 31, </div><div id="a88777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">2020 and 2019,<div style="display:inline-block;width:3.85px"> </div>the Company had certain interest rate swap agreements that<div style="display:inline-block;width:4.8px"> </div>were designated as cash flow hedges.<div style="display:inline-block;width:7.57px"> </div>Interest rate swaps </div><div id="a88821" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">are entered into with a limited number of counterparties,<div style="display:inline-block;width:4.75px"> </div>each of which allows for net settlement of all contracts through<div style="display:inline-block;width:4.65px"> </div>a single </div><div id="a88866" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">payment in a single currency in the event of a default<div style="display:inline-block;width:4.65px"> </div>on or termination of any one contract.<div style="display:inline-block;width:7.53px"> </div>The Company records these instruments </div><div id="a88913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">on a net basis within the Consolidated Balance Sheets.<div style="display:inline-block;width:7.99px"> </div>The effective portion of the change in fair value<div style="display:inline-block;width:4.73px"> </div>of the agreement is recorded </div><div id="a88959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">in AOCI and will be recognized in the Consolidated Statements<div style="display:inline-block;width:4.75px"> </div>of Income when the hedge item affects earnings<div style="display:inline-block;width:4.87px"> </div>or losses or it </div><div id="a89004" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">becomes probable that the forecasted transaction will not occur.</div></div></div><div id="a89004_64_60" style="position:absolute;font-weight:normal;font-style:normal;left:344.813px;top:138.1px;"><div style="display:inline-block;width:6.72px"> </div>See Note 25 of Notes to Consolidated Financial Statements.</div></div><div id="TextBlockContainer676" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89042" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Fair value measurements: </div><div id="div_674_XBRL_TS_8806aaaa398947099d4e7b8cc30ddae8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer675" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89048" style="position:absolute;font-weight:normal;font-style:normal;left:179.973px;top:0px;">The Company utilizes the FASB’s<div style="display:inline-block;width:5.68px"> </div>guidance regarding fair value measurements,<div style="display:inline-block;width:4.7px"> </div>which establishes a </div><div id="a89074" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">common definition for fair value to be applied to guidance<div style="display:inline-block;width:4.87px"> </div>requiring use of fair value, establishes a framework for<div style="display:inline-block;width:4.71px"> </div>measuring fair </div><div id="a89117" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">value and expands disclosure about such fair value measurements.<div style="display:inline-block;width:8.21px"> </div>Specifically, the guidance<div style="display:inline-block;width:4.79px"> </div>utilizes a fair value hierarchy that </div><div id="a89153" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">prioritizes the inputs to valuation techniques used to measure fair<div style="display:inline-block;width:4.82px"> </div>value into three broad levels.</div></div></div><div id="a89153_98_34" style="position:absolute;font-weight:normal;font-style:normal;left:509.799px;top:46.1px;"><div style="display:inline-block;width:6.72px"> </div>See Notes 21 and 24 of Notes to </div><div id="a89199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.5px;">Consolidated Financial Statements.<div style="display:inline-block;width:7.49px"> </div>The following is a brief description of those three levels:</div></div><div id="TextBlockContainer679" style="position:relative;font-family:Times New Roman;font-size:14.72px;color:#000000;line-height:normal;width:675px;height:88px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89226" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:1.1px;">• </div><div id="a89228" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:1.3px;">Level 1: Observable inputs such as quoted prices (unadjusted)<div style="display:inline-block;width:4.74px"> </div>in active markets for identical assets or liabilities. </div><div id="a89232" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:21.1px;">• </div><div id="a89234" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:21.3px;">Level 2: Inputs other than quoted prices that are observable<div style="display:inline-block;width:4.71px"> </div>for the asset or liability,<div style="display:inline-block;width:4.76px"> </div>either directly or indirectly.<div style="display:inline-block;width:7.96px"> </div>These </div><div id="a89236" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:36.5px;">include quoted prices for similar assets or liabilities in active<div style="display:inline-block;width:4.71px"> </div>markets and quoted prices for identical or similar assets or </div><div id="a89238" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:51.9px;">liabilities in markets that are not active. </div><div id="a89241" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:72px;">• </div><div id="a89243" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:72.2px;">Level 3: Unobservable inputs that reflect the reporting entity's own assumptions.</div></div><div id="TextBlockContainer688" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:424px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89245" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Share-based compensation: </div><div id="div_682_XBRL_TS_b289ed05339548bf83122d16c711c8ce" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer683" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89252" style="position:absolute;font-weight:normal;font-style:normal;left:188.453px;top:0px;">The Company applies the FASB’s<div style="display:inline-block;width:5.62px"> </div>guidance regarding share-based payments, which<div style="display:inline-block;width:4.86px"> </div>requires the </div><div id="a89278" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">recognition of the fair value of share-based compensation<div style="display:inline-block;width:4.93px"> </div>as a component of expense.<div style="display:inline-block;width:7.23px"> </div>The Company has a long-term incentive </div><div id="a89321" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">program (“LTIP”)<div style="display:inline-block;width:5.07px"> </div>for key employees which provides for the granting of options<div style="display:inline-block;width:4.81px"> </div>to purchase stock at prices not less than its market </div><div id="a89365" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">value on the date of the grant.<div style="display:inline-block;width:7.43px"> </div>Most options become exercisable within </div><div id="a89365_72_11" style="position:absolute;left:388.973px;top:46.1px;-sec-ix-hidden:ID_19;">three years</div><div id="a89365_83_50" style="position:absolute;font-weight:normal;font-style:normal;left:447.08px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>after the date of the grant for a period of time </div><div id="a89416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">determined by the Company,<div style="display:inline-block;width:4.81px"> </div>but not to exceed </div><div id="a89416_45_11" style="position:absolute;left:257.453px;top:61.4px;-sec-ix-hidden:ID_16;">seven years</div><div id="a89416_56_77" style="position:absolute;font-weight:normal;font-style:normal;left:319.213px;top:61.4px;"><div style="display:inline-block;width:3.36px"> </div>from the date of grant.<div style="display:inline-block;width:7.32px"> </div>Restricted stock awards and restricted stock units </div><div id="a89464" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">issued under the LTIP<div style="display:inline-block;width:5.19px"> </div>program are subject to time vesting generally over a </div><div id="a89464_75_3" style="position:absolute;left:407.239px;top:76.6px;-sec-ix-hidden:ID_17;">one</div><div id="a89464_78_4" style="position:absolute;font-weight:normal;font-style:normal;left:426.439px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a89464_82_10" style="position:absolute;left:443.559px;top:76.6px;-sec-ix-hidden:ID_21;">three-year</div><div id="a89464_92_38" style="position:absolute;font-weight:normal;font-style:normal;left:497.479px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>period.<div style="display:inline-block;width:6.91px"> </div>In addition, as part of the </div><div id="a89513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">Company’s Annual Incentive<div style="display:inline-block;width:4.71px"> </div>Plan, nonvested shares may be issued to key employees,<div style="display:inline-block;width:4.85px"> </div>which generally would vest over a </div><div id="a89513_116_3" style="position:absolute;left:654.959px;top:92px;-sec-ix-hidden:ID_18;">two</div><div id="a89513_119_4" style="position:absolute;font-weight:normal;font-style:normal;left:674.959px;top:92px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a89513_123_4" style="position:absolute;left:692.079px;top:92px;-sec-ix-hidden:ID_20;">five</div><div id="a89513_127_1" style="position:absolute;font-weight:normal;font-style:normal;left:712.879px;top:92px;">-</div><div id="a89555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">year period.<div style="display:inline-block;width:7.01px"> </div></div><div id="a89560" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:130.7px;">In addition, while the FASB’s<div style="display:inline-block;width:5.7px"> </div>guidance permits the Company to make an accounting<div style="display:inline-block;width:4.75px"> </div>policy election to account for forfeitures as </div><div id="a89601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">they occur for service condition aspects of certain share-based<div style="display:inline-block;width:4.73px"> </div>awards, the Company has decided not to elect this accounting<div style="display:inline-block;width:4.75px"> </div>policy </div><div id="a89644" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.5px;">and instead has elected to continue utilizing a forfeiture<div style="display:inline-block;width:4.75px"> </div>rate assumption.<div style="display:inline-block;width:7.07px"> </div>Based on historical experience, the Company has assumed a </div><div id="a89684" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.7px;">forfeiture rate of </div><div id="a89684_19_2" style="position:absolute;left:95.973px;top:176.7px;-sec-ix-hidden:ID_22;">13</div><div id="a89684_21_113" style="position:absolute;font-weight:normal;font-style:normal;left:109.413px;top:176.7px;">% on certain of its nonvested stock awards.<div style="display:inline-block;width:7.52px"> </div>The Company will record additional expense if the actual forfeiture </div><div id="a89726" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">rate is lower than estimated and will record a recovery<div style="display:inline-block;width:4.63px"> </div>of prior expense if the actual forfeiture is higher than<div style="display:inline-block;width:4.8px"> </div>estimated.<div style="display:inline-block;width:6.75px"> </div></div><div id="a89771" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:215.4px;">The Company also issues performance-dependent<div style="display:inline-block;width:4.73px"> </div>stock awards as a component of its LTIP.<div style="display:inline-block;width:10.11px"> </div>The fair value of the performance-</div><div id="a89813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.7px;">dependent stock awards is based on their grant-date market<div style="display:inline-block;width:4.61px"> </div>value adjusted for the likelihood of attaining certain pre<div style="display:inline-block;width:1.44px"> </div>-determined </div><div id="a89853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">performance goals and is calculated by utilizing a Monte Carlo<div style="display:inline-block;width:4.8px"> </div>Simulation model.<div style="display:inline-block;width:7.19px"> </div>Compensation expense is recognized on a straight-</div><div id="a89891" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.5px;">line basis over the vesting period, generally </div><div id="a89891_46_11" style="position:absolute;left:240.173px;top:261.5px;-sec-ix-hidden:ID_2582;">three years</div><div id="a89891_57_1" style="position:absolute;font-weight:normal;font-style:normal;left:298.253px;top:261.5px;">.</div></div></div><div id="a89891_58_1" style="position:absolute;font-weight:normal;font-style:normal;left:301.453px;top:261.5px;"> </div><div id="a89909" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:284.7px;">See Note 8 of the Notes to Consolidated Financial Statements.<div style="display:inline-block;width:4.7px"> </div></div><div id="a89931" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:308px;">Earnings per share: </div><div id="div_684_XBRL_TS_31f145298ff3495b9660ded12f1a60a8" style="position:absolute;left:0px;top:308px;float:left;"><div id="TextBlockContainer685" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89937" style="position:absolute;font-weight:normal;font-style:normal;left:145.093px;top:0px;">The Company follows the FASB’s<div style="display:inline-block;width:5.8px"> </div>guidance regarding the calculation of earnings per<div style="display:inline-block;width:4.72px"> </div>share for nonvested </div><div id="a89967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">stock awards with rights to non-forfeitable dividends.<div style="display:inline-block;width:8.03px"> </div>The guidance requires nonvested stock awards with rights to<div style="display:inline-block;width:4.72px"> </div>non-forfeitable </div><div id="a90005" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">dividends to be included as part of the basic weighted<div style="display:inline-block;width:4.75px"> </div>average share calculation under the two-class method.</div></div></div><div id="a90005_108_26" style="position:absolute;font-weight:normal;font-style:normal;left:582.64px;top:338.8px;"><div style="display:inline-block;width:6.72px"> </div>See Note 11 of Notes to </div><div id="a90054" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:354.1px;">Consolidated Financial Statements.<div style="display:inline-block;width:4.13px"> </div></div><div id="a90061" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:377.3px;">Segments:</div><div id="a90062" style="position:absolute;font-weight:normal;font-style:normal;left:87.019px;top:377.3px;"> </div><div id="div_686_XBRL_TS_84a70cf6c0ae4f25a2e0d5e122b1ba59" style="position:absolute;left:0px;top:377.3px;float:left;"><div id="TextBlockContainer687" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90062_1_110" style="position:absolute;font-weight:normal;font-style:normal;left:90.373px;top:0px;">The Company’s reportable<div style="display:inline-block;width:4.83px"> </div>segments reflect the structure of the Company’s<div style="display:inline-block;width:5.19px"> </div>internal organization, the method by </div><div id="a90093" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">which the Company’s resources<div style="display:inline-block;width:4.83px"> </div>are allocated and the manner by which the Company<div style="display:inline-block;width:4.71px"> </div>and the chief operating decision maker assess its </div><div id="a90135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">performance</div></div></div><div id="a90135_11_60" style="position:absolute;font-weight:normal;font-style:normal;left:71.946px;top:408.1px;">.<div style="display:inline-block;width:6.79px"> </div>See Note 4 of Notes to Consolidated Financial Statements.</div></div><div id="TextBlockContainer690" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90157" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Hyper-inflationary accounting: </div><div id="a90164" style="position:absolute;font-weight:normal;font-style:normal;left:210.053px;top:0px;">Economies that have a cumulative three-year rate of inflation<div style="display:inline-block;width:4.77px"> </div>exceeding </div><div id="a90164_72_3" style="position:absolute;left:597.519px;top:0px;">100</div><div id="a90164_75_17" style="position:absolute;font-weight:normal;font-style:normal;left:617.519px;top:0px;">% are considered </div><div id="a90192" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">hyper-inflationary in accordance with U.S. GAAP.<div style="display:inline-block;width:9.35px"> </div>A legal entity that operates within an economy deemed<div style="display:inline-block;width:4.7px"> </div>to be hyper-inflationary is </div><div id="a90235" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">required to remeasure its monetary assets and liabilities to the<div style="display:inline-block;width:4.86px"> </div>applicable published exchange rates and record the associated gains<div style="display:inline-block;width:4.82px"> </div>or </div><div id="a90275" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">losses resulting from the remeasurement directly to the Consolidated<div style="display:inline-block;width:4.88px"> </div>Statements of Income. </div></div><div id="TextBlockContainer700" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:493px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90348" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Venezuela’s<div style="display:inline-block;width:5.89px"> </div>economy has been considered hyper-inflationary<div style="display:inline-block;width:4.8px"> </div>under U.S. GAAP since 2010.<div style="display:inline-block;width:7.41px"> </div>The Company has a </div><div id="a90348_106_2" style="position:absolute;left:638.64px;top:0px;">50</div><div id="a90348_108_9" style="position:absolute;font-weight:normal;font-style:normal;left:652.08px;top:0px;">% equity </div><div id="a90384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">interest in a Venezuelan<div style="display:inline-block;width:5.56px"> </div>affiliate, Kelko Quaker Chemical, S.A (“Kelko Venezuela”).<div style="display:inline-block;width:9.81px"> </div>Due to heightened foreign exchange controls </div><div id="a90419" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">and restrictions currently present within Venezuela,<div style="display:inline-block;width:6.06px"> </div>during the third quarter of 2018 the Company concluded<div style="display:inline-block;width:4.83px"> </div>that it no longer had </div><div id="a90460" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">significant influence over this affiliate.<div style="display:inline-block;width:7.93px"> </div>Prior to this determination, the Company historically accounted<div style="display:inline-block;width:4.92px"> </div>for this affiliate under the </div><div id="a90496" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">equity method.<div style="display:inline-block;width:7.24px"> </div>As of December 31, 2020 and 2019, the Company had </div><div id="a90496_66_2" style="position:absolute;left:385.293px;top:61.3px;">no</div><div id="a90496_68_54" style="position:absolute;font-weight:normal;font-style:normal;left:398.76px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>remaining carrying value for its investment in Kelko </div><div id="a90538" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">Venezuela.<div style="display:inline-block;width:8.55px"> </div>See Note 17 of Notes to Consolidated Financial Statements. </div><div id="a90558" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:100px;">Based on various indices or index compilations currently<div style="display:inline-block;width:4.8px"> </div>being used to monitor inflation in Argentina as well as<div style="display:inline-block;width:4.71px"> </div>recent economic </div><div id="a90598" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">instability, effective<div style="display:inline-block;width:5.01px"> </div>July 1, 2018, Argentina’s<div style="display:inline-block;width:4.94px"> </div>economy was considered hyper-inflationary under U.S. GAAP.<div style="display:inline-block;width:9.62px"> </div>As a result, the </div><div id="a90635" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">Company began applying hyper-inflationary<div style="display:inline-block;width:4.74px"> </div>accounting with respect to the Company's wholly owned<div style="display:inline-block;width:4.7px"> </div>Argentine subsidiary beginning </div><div id="a90668" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">July 1, 2018.<div style="display:inline-block;width:7.09px"> </div>In addition, Houghton has an Argentine subsidiary to<div style="display:inline-block;width:4.79px"> </div>which hyper-inflationary accounting also is applied.<div style="display:inline-block;width:7.64px"> </div>As of, and </div><div id="a90710" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">for the year ended December 31, 2020, the Company's Argentine<div style="display:inline-block;width:5.15px"> </div>subsidiaries represented less than </div><div id="a90710_97_1" style="position:absolute;left:535.72px;top:161.3px;">1</div><div id="a90710_98_32" style="position:absolute;font-weight:normal;font-style:normal;left:542.44px;top:161.3px;">% of the Company’s consolidated </div><div id="a90749" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">total assets and net sales, respectively.<div style="display:inline-block;width:8.57px"> </div></div><div id="a90749_43_79" style="position:absolute;left:215.333px;top:176.6px;">During the years ended December 31, 2020, 2019 and 2018, the Company recorded $0.4 </div><div id="a90790" style="position:absolute;left:4.427px;top:192px;">million, $1.0 million, and $0.7 million, respectively, of remeasurement losses associated with the applicable currency conversions </div><div id="a90823" style="position:absolute;left:4.427px;top:207.4px;">related to Venezuela and Argentina.</div><div id="a90823_35_2" style="position:absolute;font-weight:normal;font-style:normal;left:196.613px;top:207.4px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a90834" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:230.8px;">Business combinations: </div><div id="div_692_XBRL_TS_43c8d49867c446208cf67fa45b236ee3" style="position:absolute;left:0px;top:230.8px;float:left;"><div id="TextBlockContainer693" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90838" style="position:absolute;font-weight:normal;font-style:normal;left:164.773px;top:0px;">The Company accounts for business combinations under<div style="display:inline-block;width:4.87px"> </div>the acquisition method of accounting.<div style="display:inline-block;width:7.3px"> </div>This </div><div id="a90864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">method requires the recording of acquired assets, including<div style="display:inline-block;width:4.91px"> </div>separately identifiable intangible assets and assumed liabilities at their </div><div id="a90899" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">respective acquisition date estimated fair values.<div style="display:inline-block;width:7.96px"> </div>Any excess of the purchase price over the estimated fair value<div style="display:inline-block;width:4.66px"> </div>of the identifiable net </div><div id="a90942" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">assets acquired is recorded as goodwill.<div style="display:inline-block;width:7.78px"> </div>The determination of the estimated fair value of assets acquired and<div style="display:inline-block;width:4.81px"> </div>liabilities assumed </div><div id="a90980" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">requires significant estimates and assumptions.<div style="display:inline-block;width:7.98px"> </div>Based on the assessment of additional information during the measurement<div style="display:inline-block;width:4.82px"> </div>period, </div><div id="a91013" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">which may be up to one year from the acquisition date,<div style="display:inline-block;width:4.75px"> </div>the Company may record adjustments to the estimated fair value of assets </div><div id="a91059" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">acquired and liabilities assumed.</div></div></div><div id="a91059_33_62" style="position:absolute;font-weight:normal;font-style:normal;left:178.533px;top:322.8px;"><div style="display:inline-block;width:6.72px"> </div>See Note 2 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:7.77px"> </div></div><div id="a91088" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:343.4px;">Restructuring activities:</div><div id="a91091" style="position:absolute;font-weight:normal;font-style:normal;left:166.533px;top:343.4px;"> </div><div id="div_694_XBRL_TS_fc1cdb12c1c940b28b08780d7c27957c" style="position:absolute;left:0px;top:343.4px;float:left;"><div id="TextBlockContainer695" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91091_1_96" style="position:absolute;font-weight:normal;font-style:normal;left:169.893px;top:0px;">Restructuring programs consist of employee severance,<div style="display:inline-block;width:4.83px"> </div>rationalization of manufacturing or other </div><div id="a91114" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">facilities and other related items.<div style="display:inline-block;width:7.47px"> </div>To account for<div style="display:inline-block;width:4.72px"> </div>such programs,<div style="display:inline-block;width:3.66px"> </div>the Company applies FASB’s<div style="display:inline-block;width:5.41px"> </div>guidance regarding exit or disposal </div><div id="a91154" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">cost obligations.<div style="display:inline-block;width:7.21px"> </div>This guidance requires that a liability for a cost associated with an<div style="display:inline-block;width:4.79px"> </div>exit or disposal activity be recognized when the </div><div id="a91199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">liability is incurred, is estimable, and payment is probable.</div></div></div><div id="a91199_61_63" style="position:absolute;font-weight:normal;font-style:normal;left:316.653px;top:389.3px;"><div style="display:inline-block;width:6.56px"> </div>See Note 7 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:11.29px"> </div></div><div id="a91238" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:410.1px;">Reclassifications:</div><div id="a91239" style="position:absolute;font-weight:normal;font-style:normal;left:126.853px;top:410.1px;"> </div><div id="div_696_XBRL_TS_9b139aa85ba14b4f82c3abedda0a7944" style="position:absolute;left:125.787px;top:410.1px;float:left;"><div id="TextBlockContainer697" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:467px;height:16px;display:inline-block;"><div id="a91239_1_86" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Certain information has been reclassified to conform<div style="display:inline-block;width:4.77px"> </div>to the current year presentation.</div></div></div><div id="a91239_87_1" style="position:absolute;font-weight:normal;font-style:normal;left:584.24px;top:410.1px;"> </div><div id="a91265" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:430.8px;">Accounting estimates:</div><div id="a91268" style="position:absolute;font-weight:normal;font-style:normal;left:154.053px;top:430.8px;"> </div><div id="div_698_XBRL_TS_8481b89d2a4f4574b088fc7b922d5316" style="position:absolute;left:0px;top:430.8px;float:left;"><div id="TextBlockContainer699" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91268_1_100" style="position:absolute;font-weight:normal;font-style:normal;left:157.413px;top:0px;">The preparation of financial statements in conformity<div style="display:inline-block;width:4.76px"> </div>with generally accepted accounting principles </div><div id="a91293" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">requires management to make estimates and assumptions that<div style="display:inline-block;width:4.79px"> </div>affect the reported amounts of assets, liabilities<div style="display:inline-block;width:4.63px"> </div>and disclosure of </div><div id="a91330" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">contingencies at the date of the financial statements and<div style="display:inline-block;width:4.71px"> </div>the reported amounts of net sales and expenses during the reporting<div style="display:inline-block;width:4.81px"> </div>period.<div style="display:inline-block;width:3.55px"> </div></div><div id="a91374" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Actual results could differ from such estimates.</div></div></div></div> <div id="TextBlockContainer627" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83172" style="position:absolute;font-weight:normal;font-style:normal;left:186.693px;top:0px;">All majority-owned subsidiaries are included in the<div style="display:inline-block;width:4.76px"> </div>Company’s consolidated financial<div style="display:inline-block;width:4.77px"> </div>statements, </div><div id="a83196" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">with appropriate elimination of intercompany balances and<div style="display:inline-block;width:4.86px"> </div>transactions.</div></div> <div id="TextBlockContainer629" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83196_73_56" style="position:absolute;font-weight:normal;font-style:normal;left:396.36px;top:0px;">Investments in associated companies (less than majority-</div><div id="a83227" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">owned and in which the Company has significant<div style="display:inline-block;width:4.72px"> </div>influence) are accounted for under the equity method.<div style="display:inline-block;width:7.75px"> </div>The Company’s share of net </div><div id="a83269" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">income or losses in these investments in associated companies<div style="display:inline-block;width:4.72px"> </div>is included in the Consolidated Statements<div style="display:inline-block;width:4.37px"> </div>of Income.<div style="display:inline-block;width:7.12px"> </div>The Company </div><div id="a83311" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">periodically reviews these investments for impairments<div style="display:inline-block;width:4.7px"> </div>and, if necessary, would adjust<div style="display:inline-block;width:4.83px"> </div>these investments to their fair value when a </div><div id="a83350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">decline in market value or other impairment indicators are<div style="display:inline-block;width:4.66px"> </div>deemed to be other than temporary.</div></div> <div id="TextBlockContainer631" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:685px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83394_23_104" style="position:absolute;font-weight:normal;font-style:normal;left:125.893px;top:0px;">The Company is not the primary beneficiary of any<div style="display:inline-block;width:4.61px"> </div>variable interest entities (“VIEs”) and therefore the </div><div id="a83431" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Company’s consolidated<div style="display:inline-block;width:4.77px"> </div>financial statements do not include the accounts of any VIEs.</div></div> <div id="TextBlockContainer633" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83464" style="position:absolute;font-weight:normal;font-style:normal;left:215.973px;top:0px;">Assets and liabilities of non-U.S. subsidiaries and associated comp<div style="display:inline-block;width:1.61px"> </div>anies are translated into </div><div id="a83491" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">U.S. dollars at the respective rates of exchange prevailing<div style="display:inline-block;width:4.88px"> </div>at the end of the year.<div style="display:inline-block;width:7.8px"> </div>Income and expense accounts are translated at </div><div id="a83536" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">average exchange rates prevailing during the year.<div style="display:inline-block;width:8.69px"> </div>Translation adjustments resulting<div style="display:inline-block;width:4.58px"> </div>from this process are recorded directly in equity </div><div id="a83572" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">as accumulated other comprehensive (loss) income<div style="display:inline-block;width:4.71px"> </div>(“AOCI”) and will be included as income or expense only upon<div style="display:inline-block;width:4.72px"> </div>sale or liquidation </div><div id="a83612" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">of the underlying entity or asset.<div style="display:inline-block;width:7.52px"> </div>Generally, all of the<div style="display:inline-block;width:4.79px"> </div>Company’s non-U.S. subsidiaries<div style="display:inline-block;width:4.79px"> </div>use their local currency as their functional </div><div id="a83655" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">currency.</div></div> <div id="TextBlockContainer635" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83665" style="position:absolute;left:186.213px;top:0px;">The Company invests temporary and excess funds in money market securities and financial </div><div id="a83691" style="position:absolute;left:4.427px;top:15.2px;">instruments having maturities within 90 days. The Company considers all highly liquid investments with original maturities of three </div><div id="a83727" style="position:absolute;left:4.427px;top:30.6px;">months or less to be cash equivalents.</div><div id="a83727_38_77" style="position:absolute;font-weight:normal;font-style:normal;left:205.573px;top:30.6px;"><div style="display:inline-block;width:6.72px"> </div>The Company has not experienced losses from the aforementioned<div style="display:inline-block;width:5.03px"> </div>investments.</div></div> The Company invests temporary and excess funds in money market securities and financial instruments having maturities within 90 days. The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. <div id="TextBlockContainer637" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:703px;height:16px;display:inline-block;"><div id="a83762" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Inventories: </div><div id="a83764" style="position:absolute;font-weight:normal;font-style:normal;left:76.613px;top:0px;">Inventories are valued at the lower of cost or net realizable<div style="display:inline-block;width:4.77px"> </div>value, and are valued using the first-in, first-out method.</div></div> <div id="TextBlockContainer639" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83837" style="position:absolute;font-weight:normal;font-style:normal;left:133.573px;top:0px;">Property, plant and<div style="display:inline-block;width:4.92px"> </div>equipment (“PP&amp;E”) are stated at gross cost, less accumulated depreciation.<div style="display:inline-block;width:8.23px"> </div>Depreciation </div><div id="a83865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">is computed using the straight-line method on an individual<div style="display:inline-block;width:4.73px"> </div>asset basis over the following estimated useful lives: building<div style="display:inline-block;width:1.45px"> </div>s<div style="display:inline-block;width:3.31px"> </div>and </div><div id="a83906" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">improvements, </div><div id="a83906_14_2" style="position:absolute;left:87.499px;top:30.6px;-sec-ix-hidden:ID_7;">10</div><div id="a83906_16_4" style="position:absolute;font-weight:normal;font-style:normal;left:100.933px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a83906_20_2" style="position:absolute;left:117.893px;top:30.6px;-sec-ix-hidden:ID_10;">45</div><div id="a83906_22_37" style="position:absolute;font-weight:normal;font-style:normal;left:131.173px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>years; and machinery and equipment, </div><div id="a83906_59_1" style="position:absolute;left:337.293px;top:30.6px;-sec-ix-hidden:ID_8;">1</div><div id="a83906_60_4" style="position:absolute;font-weight:normal;font-style:normal;left:344.013px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a83906_64_2" style="position:absolute;left:361.133px;top:30.6px;-sec-ix-hidden:ID_11;">15</div><div id="a83906_66_64" style="position:absolute;font-weight:normal;font-style:normal;left:374.413px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.77px"> </div>The carrying values of long-lived assets are evaluated </div><div id="a83952" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">whenever changes in circumstances or current events indicate<div style="display:inline-block;width:4.91px"> </div>the carrying amount of such assets may not be recoverable.<div style="display:inline-block;width:8.13px"> </div>An estimate </div><div id="a83992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">of undiscounted cash flows produced by the asset, or the<div style="display:inline-block;width:4.83px"> </div>appropriate group of assets, is compared with the carrying value to<div style="display:inline-block;width:4.72px"> </div>determine </div><div id="a84036" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">whether an impairment exists.<div style="display:inline-block;width:7.33px"> </div>If necessary, the Company<div style="display:inline-block;width:4.9px"> </div>recognizes an impairment loss for the difference between<div style="display:inline-block;width:4.91px"> </div>the carrying </div><div id="a84073" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">amount of the assets and their estimated fair value.<div style="display:inline-block;width:8.1px"> </div>Fair value is based on current and anticipated future cash flows.<div style="display:inline-block;width:8.05px"> </div>Upon sale or </div><div id="a84119" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">other dispositions of long-lived assets, the applicable amounts of<div style="display:inline-block;width:4.75px"> </div>asset cost and accumulated depreciation are removed from<div style="display:inline-block;width:4.75px"> </div>the </div><div id="a84157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">accounts and the net amount, less proceeds from<div style="display:inline-block;width:4.58px"> </div>disposals, is recorded in the Consolidated Statements of Income.<div style="display:inline-block;width:8.27px"> </div>Expenditures for </div><div id="a84196" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:137.9px;">renewals or improvements that increase the estimated useful<div style="display:inline-block;width:4.74px"> </div>life or capacity of the assets are capitalized, whereas<div style="display:inline-block;width:4.74px"> </div>expenditures for </div><div id="a84235" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">repairs and maintenance are expensed when incurred.</div></div> <div id="TextBlockContainer641" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:713px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84279" style="position:absolute;font-weight:normal;font-style:normal;left:153.733px;top:0px;">The Company capitalizes certain costs in connection with developing<div style="display:inline-block;width:4.89px"> </div>or obtaining software for internal </div><div id="a84307" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">use, depending on the associated project.<div style="display:inline-block;width:7.66px"> </div>These costs are amortized over a period of </div><div id="a84307_86_1" style="position:absolute;left:458.759px;top:15.4px;-sec-ix-hidden:ID_9;">3</div><div id="a84307_87_4" style="position:absolute;font-weight:normal;font-style:normal;left:465.479px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a84307_91_1" style="position:absolute;left:482.439px;top:15.4px;-sec-ix-hidden:ID_12;">5</div><div id="a84307_92_43" style="position:absolute;font-weight:normal;font-style:normal;left:489.159px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>years once the assets are ready for their </div><div id="a84360" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">intended use.</div></div> <div id="TextBlockContainer643" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84463" style="position:absolute;font-weight:normal;font-style:normal;left:242.893px;top:0px;">The Company records goodwill, definite-lived intangible<div style="display:inline-block;width:4.88px"> </div>assets and indefinite-lived </div><div id="a84485" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">intangible assets at fair value at the date of acquisition.<div style="display:inline-block;width:8.1px"> </div>Goodwill and indefinite-lived intangible assets are not amortized<div style="display:inline-block;width:4.85px"> </div>but tested for </div><div id="a84529" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">impairment at least annually.<div style="display:inline-block;width:8.18px"> </div>These tests will be performed more frequently if triggering<div style="display:inline-block;width:4.95px"> </div>events indicate potential impairment. </div><div id="a84564" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Definite-lived intangible assets are amortized on a straight<div style="display:inline-block;width:1.46px"> </div>-line basis over their estimated useful lives, generally for periods ranging </div><div id="a84606" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">from </div><div id="a84606_5_1" style="position:absolute;left:33.867px;top:61.3px;-sec-ix-hidden:ID_13;">4</div><div id="a84606_6_4" style="position:absolute;font-weight:normal;font-style:normal;left:40.459px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a84606_10_2" style="position:absolute;left:57.579px;top:61.3px;-sec-ix-hidden:ID_14;">20</div><div id="a84606_12_119" style="position:absolute;font-weight:normal;font-style:normal;left:70.859px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.74px"> </div>The Company continually evaluates the reasonableness of<div style="display:inline-block;width:4.73px"> </div>the useful lives of these assets, consistent with the </div><div id="a84649" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">discussion of long-lived assets, above.</div></div> <div id="TextBlockContainer647" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84731" style="position:absolute;font-weight:normal;font-style:normal;left:152.933px;top:0px;">The Company applies the Financial Accounting Standards<div style="display:inline-block;width:4.83px"> </div>Board’s (“FASB’s”)<div style="display:inline-block;width:6px"> </div>guidance on revenue </div><div id="a84755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">recognition which requires the Company to recognize<div style="display:inline-block;width:4.72px"> </div>revenue in an amount that reflects the consideration to which<div style="display:inline-block;width:4.73px"> </div>the Company </div><div id="a84793" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">expects to be entitled in exchange for goods or services<div style="display:inline-block;width:4.72px"> </div>transferred to its customers.<div style="display:inline-block;width:7.39px"> </div>To do this, the Company<div style="display:inline-block;width:4.96px"> </div>applies the five-step </div><div id="a84839" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">model in the FASB’s<div style="display:inline-block;width:5.39px"> </div>guidance, which requires the Company to: (i) identify<div style="display:inline-block;width:4.86px"> </div>the contract with a customer; (ii) identify the performance </div><div id="a84882" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">obligations in the contract; (iii) determine the transaction<div style="display:inline-block;width:4.66px"> </div>price; (iv) allocate the transaction price to the performance<div style="display:inline-block;width:4.78px"> </div>obligations in the </div><div id="a84922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">contract; and (v) recognize revenue when, or as,<div style="display:inline-block;width:4.71px"> </div>the Company satisfies a performance obligation.</div></div> <div id="TextBlockContainer649" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:701px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84984" style="position:absolute;font-weight:normal;font-style:normal;left:360.013px;top:0px;">Trade accounts receivable subject the Company<div style="display:inline-block;width:4.88px"> </div>to credit risk.<div style="display:inline-block;width:3.48px"> </div></div><div id="a85002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Trade accounts receivable are recorded<div style="display:inline-block;width:4.78px"> </div>at the invoiced amount and generally do not bear interest.<div style="display:inline-block;width:7.81px"> </div>The allowance for doubtful </div><div id="a85041" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">accounts is the Company’s<div style="display:inline-block;width:4.75px"> </div>best estimate of the amount of expected credit losses with its existing<div style="display:inline-block;width:4.85px"> </div>accounts receivable.</div></div><div id="TextBlockContainer651" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85156" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes an allowance for credit losses, which<div style="display:inline-block;width:4.86px"> </div>represents the portion of the receivable that the Company does<div style="display:inline-block;width:4.77px"> </div>not </div><div id="a85197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">expect to collect over its contractual life, considering<div style="display:inline-block;width:4.75px"> </div>past events and reasonable and supportable forecasts of<div style="display:inline-block;width:4.73px"> </div>future economic </div><div id="a85233" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">conditions.<div style="display:inline-block;width:7.14px"> </div>The Company’s allowance for<div style="display:inline-block;width:4.74px"> </div>credit losses on its trade accounts receivable is based on specific<div style="display:inline-block;width:4.9px"> </div>collectability facts and </div><div id="a85273" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">circumstances for each outstanding receivable and customer,<div style="display:inline-block;width:5.32px"> </div>the aging of outstanding receivables, and the associated<div style="display:inline-block;width:4.73px"> </div>collection risk </div><div id="a85308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">the Company estimates for certain past due aging categories,<div style="display:inline-block;width:4.76px"> </div>and also, the general risk to all outstanding accounts receivable<div style="display:inline-block;width:4.81px"> </div>based on </div><div id="a85350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">historical amounts determined to be uncollectible.<div style="display:inline-block;width:7.98px"> </div>The Company does not have any off-balance-sheet credit<div style="display:inline-block;width:4.83px"> </div>exposure related to its </div><div id="a85391" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">customers.</div></div> <div id="TextBlockContainer653" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85419" style="position:absolute;font-weight:normal;font-style:normal;left:216.973px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>Research and development costs are expensed as incurred<div style="display:inline-block;width:4.71px"> </div>and are included in selling, general </div><div id="a85448" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and administrative expenses (“SG&amp;A”).</div></div> <div id="TextBlockContainer655" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85510_1_85" style="position:absolute;font-weight:normal;font-style:normal;left:278.893px;top:0px;">Accruals for environmental matters are recorded<div style="display:inline-block;width:4.7px"> </div>when it is probable that a liability </div><div id="a85537" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">has been incurred and the amount of the liability can<div style="display:inline-block;width:4.59px"> </div>be reasonably estimated.<div style="display:inline-block;width:7.2px"> </div>If there is a range of estimated liability and no amount </div><div id="a85585" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">in that range is considered more probable than another,<div style="display:inline-block;width:5.29px"> </div>then the Company records the lowest amount in the range in accordance<div style="display:inline-block;width:4.92px"> </div>with </div><div id="a85630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">generally accepted accounting principles in the United<div style="display:inline-block;width:4.73px"> </div>States (“U.S. GAAP”).<div style="display:inline-block;width:7.06px"> </div>Environmental costs and remediation costs are </div><div id="a85663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">capitalized if the costs extend the life, increase the<div style="display:inline-block;width:4.74px"> </div>capacity or improve safety or efficiency of the property<div style="display:inline-block;width:4.63px"> </div>from the date acquired or </div><div id="a85709" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.8px;">constructed, and/or mitigate or prevent contamination<div style="display:inline-block;width:4.72px"> </div>in the future.</div></div> <div id="TextBlockContainer657" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85753" style="position:absolute;font-weight:normal;font-style:normal;left:196.293px;top:0px;">The Company follows the FASB’s<div style="display:inline-block;width:5.64px"> </div>guidance regarding asset retirement obligations,<div style="display:inline-block;width:4.77px"> </div>which </div><div id="a85776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">addresses the accounting and reporting for obligations<div style="display:inline-block;width:4.73px"> </div>associated with the retirement of tangible long-lived assets and the associated </div><div id="a85814" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">retirement costs.<div style="display:inline-block;width:7.14px"> </div>Also, the Company follows the FASB’s<div style="display:inline-block;width:5.69px"> </div>guidance for conditional asset retirement obligations<div style="display:inline-block;width:4.74px"> </div>(“CARO”), which </div><div id="a85846" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">relates to legal obligations to perform an asset retirement<div style="display:inline-block;width:4.88px"> </div>activity in which the timing and (or) method of settlement are<div style="display:inline-block;width:4.59px"> </div>conditional on </div><div id="a85891" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">a future event that may or may not be within the control<div style="display:inline-block;width:4.8px"> </div>of the entity.<div style="display:inline-block;width:7.77px"> </div>In accordance with this guidance, the Company records a </div><div id="a85939" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">liability when there is enough information regarding the<div style="display:inline-block;width:4.69px"> </div>timing of the CARO to perform a probability-weighted discounted cash<div style="display:inline-block;width:4.78px"> </div>flow </div><div id="a85979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">analysis.</div></div> <div id="TextBlockContainer659" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86039_13_30" style="position:absolute;font-weight:bold;font-style:normal;left:107.653px;top:0px;">ther postretirement benefits: </div><div id="a86049" style="position:absolute;font-weight:normal;font-style:normal;left:274.893px;top:0px;">The Company maintains various noncontributory retirement<div style="display:inline-block;width:4.8px"> </div>plans, covering a </div><div id="a86067" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">portion of its employees in the U.S. and certain other<div style="display:inline-block;width:4.75px"> </div>countries, including the Netherlands, the United Kingdom<div style="display:inline-block;width:4.7px"> </div>(“U.K.”), Mexico, </div><div id="a86106" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">Sweden, Germany and France.<div style="display:inline-block;width:7.39px"> </div>These retirement plans are subject to the provisions of FASB’s<div style="display:inline-block;width:6.25px"> </div>guidance regarding employers’ </div><div id="a86140" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">accounting for defined benefit pension plans.<div style="display:inline-block;width:7.89px"> </div>The plans of the remaining non-U.S. subsidiaries are, for<div style="display:inline-block;width:4.7px"> </div>the most part, either fully </div><div id="a86183" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">insured or integrated with the local governments’ plans and<div style="display:inline-block;width:4.71px"> </div>are not subject to the provisions of the guidance.<div style="display:inline-block;width:7.88px"> </div>The guidance requires </div><div id="a86225" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">that employers recognize on a prospective basis the<div style="display:inline-block;width:4.74px"> </div>funded status of their defined benefit pension and other<div style="display:inline-block;width:4.6px"> </div>postretirement plans on </div><div id="a86266" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">their consolidated balance sheet and, also, recognize<div style="display:inline-block;width:4.76px"> </div>as a component of AOCI, net of tax, the gains or losses and prior<div style="display:inline-block;width:4.83px"> </div>service costs or </div><div id="a86314" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">credits that arise during the period but are not recognized<div style="display:inline-block;width:4.91px"> </div>as components of net periodic benefit cost.<div style="display:inline-block;width:7.53px"> </div>In addition, the guidance </div><div id="a86357" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">requires that an employer recognize a settlement charge<div style="display:inline-block;width:5.03px"> </div>in their consolidated statement of income when certain events occur, </div><div id="a86393" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138px;">including plan termination or the settlement of certain<div style="display:inline-block;width:4.57px"> </div>plan liabilities.<div style="display:inline-block;width:6.83px"> </div>A settlement charge represents the immediate<div style="display:inline-block;width:4.92px"> </div>recognition into </div><div id="a86430" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">expense of a portion of the unrecognized loss within AOCI on<div style="display:inline-block;width:4.82px"> </div>the balance sheet in proportion to the share of the projected benefit </div><div id="a86476" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.7px;">obligation that was settled.<div style="display:inline-block;width:7.42px"> </div>The Company’s Legacy<div style="display:inline-block;width:4.7px"> </div>Quaker U.S. pension plan year ends on November 30 and the<div style="display:inline-block;width:4.71px"> </div>measurement date is </div><div id="a86519" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">December 31.<div style="display:inline-block;width:7.15px"> </div>The measurement date for the Company’s<div style="display:inline-block;width:5.03px"> </div>other postretirement benefits plan is December 31.<div style="display:inline-block;width:7.72px"> </div></div><div id="a86551" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;"><div style="display:inline-block;width:192.03px"> </div></div></div><div id="TextBlockContainer663" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:300px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86602" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s global<div style="display:inline-block;width:4.65px"> </div>pension investment policies are designed to ensure that<div style="display:inline-block;width:4.57px"> </div>pension assets are invested in a manner consistent </div><div id="a86641" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">with meeting the future benefit obligations of the pension<div style="display:inline-block;width:4.78px"> </div>plans and maintaining compliance with various laws and regulations </div><div id="a86677" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">including the Employee Retirement Income Security<div style="display:inline-block;width:4.8px"> </div>Act of 1974.<div style="display:inline-block;width:6.84px"> </div>The Company establishes strategic asset allocation percentage </div><div id="a86709" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">targets and benchmarks for significant asset classes<div style="display:inline-block;width:4.7px"> </div>with the aim of achieving a prudent balance between<div style="display:inline-block;width:4.74px"> </div>return and risk.<div style="display:inline-block;width:6.8px"> </div>The </div><div id="a86749" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Company’s investment<div style="display:inline-block;width:4.65px"> </div>horizon is generally long term, and, accordingly,<div style="display:inline-block;width:5.46px"> </div>the target asset allocations encompass a long-term </div><div id="a86784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">perspective of capital markets, expected risk and return<div style="display:inline-block;width:4.8px"> </div>and perceived future economic conditions while also considering<div style="display:inline-block;width:4.77px"> </div>the profile of </div><div id="a86822" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">plan liabilities.<div style="display:inline-block;width:7.02px"> </div>To the extent<div style="display:inline-block;width:4.62px"> </div>feasible, the short-term investment portfolio is managed<div style="display:inline-block;width:4.85px"> </div>to match the short-term obligations, the </div><div id="a86862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">intermediate portfolio duration is matched to reduce<div style="display:inline-block;width:4.78px"> </div>the risk of volatility in intermediate plan distributions, and the<div style="display:inline-block;width:4.74px"> </div>total return </div><div id="a86902" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">portfolio is managed to maximize the long-term real<div style="display:inline-block;width:4.62px"> </div>growth of plan assets.<div style="display:inline-block;width:7.1px"> </div>The critical investment principles of diversification, </div><div id="a86941" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">assessment of risk and targeting the optimal expected<div style="display:inline-block;width:4.87px"> </div>returns for given levels of risk are applied.<div style="display:inline-block;width:7.62px"> </div>The Company’s investment </div><div id="a86979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">guidelines prohibit the use of securities such as letter stock and<div style="display:inline-block;width:4.88px"> </div>other unregistered securities, commodities or commodity contracts, </div><div id="a87015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.6px;">short sales, margin transactions, private placements<div style="display:inline-block;width:4.96px"> </div>(unless specifically addressed by addendum), or any derivatives, options or<div style="display:inline-block;width:4.83px"> </div>futures </div><div id="a87050" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">for the purpose of portfolio leveraging.<div style="display:inline-block;width:7.53px"> </div></div><div id="a87063" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:207.4px;">The target asset allocation is reviewed periodically<div style="display:inline-block;width:4.79px"> </div>and is determined based on a long-term projection of capital market<div style="display:inline-block;width:4.96px"> </div>outcomes, </div><div id="a87104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">inflation rates, fixed income yields, returns, volatilities and<div style="display:inline-block;width:4.83px"> </div>correlation relationships.<div style="display:inline-block;width:7.2px"> </div>The interaction between plan assets and benefit </div><div id="a87138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.1px;">obligations is periodically studied to assist in establishing such<div style="display:inline-block;width:4.86px"> </div>strategic asset allocation targets.<div style="display:inline-block;width:7.63px"> </div>Asset performance is monitored with </div><div id="a87175" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:253.3px;">an overall expectation that plan assets will meet or exceed<div style="display:inline-block;width:4.71px"> </div>benchmark performance over rolling five-year periods.<div style="display:inline-block;width:8.04px"> </div>The Company’s </div><div id="a87213" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:268.7px;">pension committee, as authorized by the Company’s<div style="display:inline-block;width:5.39px"> </div>Board of Directors, has discretion to manage the assets within<div style="display:inline-block;width:4.7px"> </div>established asset </div><div id="a87252" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284px;">allocation ranges approved by senior management of the<div style="display:inline-block;width:4.81px"> </div>Company.</div></div> <div id="TextBlockContainer665" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87296_1_90" style="position:absolute;font-weight:normal;font-style:normal;left:202.213px;top:0px;">The Company presents other comprehensive income (loss) in its Statements<div style="display:inline-block;width:4.84px"> </div>of Comprehensive </div><div id="a87322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Income.<div style="display:inline-block;width:6.97px"> </div>The Company follows the FASB’s<div style="display:inline-block;width:5.63px"> </div>guidance regarding the disclosure of reclassifications from<div style="display:inline-block;width:4.8px"> </div>AOCI which requires the </div><div id="a87357" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">disclosure of significant amounts reclassified from each<div style="display:inline-block;width:4.86px"> </div>component of AOCI, the related tax amounts and the income<div style="display:inline-block;width:4.76px"> </div>statement line </div><div id="a87395" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">items affected by such reclassifications.</div></div> <div id="TextBlockContainer667" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87436_1_84" style="position:absolute;font-weight:normal;font-style:normal;left:268.653px;top:0px;">The provision for income taxes is determined using the asset and<div style="display:inline-block;width:4.89px"> </div>liability approach </div><div id="a87464" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">of accounting for income taxes.<div style="display:inline-block;width:7.44px"> </div>Under this approach, deferred taxes represent the future tax consequences<div style="display:inline-block;width:5px"> </div>expected to occur when the </div><div id="a87505" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">reported amounts of assets and liabilities are recovered<div style="display:inline-block;width:4.71px"> </div>or paid.<div style="display:inline-block;width:6.79px"> </div>The provision for income taxes represents income taxes paid<div style="display:inline-block;width:4.8px"> </div>or </div><div id="a87546" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">payable for the current year and the change in deferred taxes<div style="display:inline-block;width:4.64px"> </div>during the year.<div style="display:inline-block;width:7.93px"> </div>Deferred taxes result from differences between the </div><div id="a87589" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">financial and tax bases of the Company’s<div style="display:inline-block;width:5.1px"> </div>assets and liabilities and are adjusted for changes in tax rates and<div style="display:inline-block;width:4.87px"> </div>tax laws when changes are </div><div id="a87637" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">enacted.<div style="display:inline-block;width:7.05px"> </div>Valuation<div style="display:inline-block;width:4.94px"> </div>allowances are recorded to reduce deferred tax assets when it is more<div style="display:inline-block;width:4.93px"> </div>likely than not that a tax benefit will not be </div><div id="a87686" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">realized.<div style="display:inline-block;width:7.01px"> </div>The FASB’s<div style="display:inline-block;width:5.18px"> </div>guidance regarding accounting for uncertainty in income<div style="display:inline-block;width:4.83px"> </div>taxes prescribes the recognition threshold and </div><div id="a87719" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">measurement attributes for financial statement recognition<div style="display:inline-block;width:4.82px"> </div>and measurement of tax positions taken or expected to be<div style="display:inline-block;width:4.69px"> </div>taken on a tax </div><div id="a87759" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">return.<div style="display:inline-block;width:6.92px"> </div>The guidance further requires the determination of whether<div style="display:inline-block;width:4.7px"> </div>the benefits of tax positions are probable or more likely than not </div><div id="a87802" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">sustained upon audit based upon the technical merits of<div style="display:inline-block;width:4.81px"> </div>the tax position.<div style="display:inline-block;width:7.14px"> </div>For tax positions that are determined to be more likely than </div><div id="a87850" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">not sustained upon audit, a company recognizes the largest<div style="display:inline-block;width:4.91px"> </div>amount of benefit that is greater than </div><div id="a87850_98_2" style="position:absolute;left:521.96px;top:153.3px;-sec-ix-hidden:ID_15;">50</div><div id="a87850_100_32" style="position:absolute;font-weight:normal;font-style:normal;left:535.24px;top:153.3px;">% likely of being realized upon </div><div id="a87894" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.7px;">ultimate settlement in the financial statements.<div style="display:inline-block;width:7.71px"> </div>For tax positions that are not determined to be more likely<div style="display:inline-block;width:4.77px"> </div>than not sustained upon </div><div id="a87937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184px;">audit, a company does not recognize any portion of the<div style="display:inline-block;width:4.64px"> </div>benefit in the financial statements.<div style="display:inline-block;width:7.41px"> </div>Additionally, the Company<div style="display:inline-block;width:4.9px"> </div>monitors and </div><div id="a87978" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:199.4px;">adjusts for derecognition, classification, and penalties and<div style="display:inline-block;width:4.83px"> </div>interest in interim periods, with appropriate disclosure and<div style="display:inline-block;width:4.74px"> </div>transition </div><div id="a88011" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:214.7px;">thereto.<div style="display:inline-block;width:7.04px"> </div>Also, the amount of interest expense and income related to uncertain<div style="display:inline-block;width:4.79px"> </div>tax positions is computed by applying the applicable </div><div id="a88054" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:229.9px;">statutory rate of interest to the difference<div style="display:inline-block;width:4.62px"> </div>between the tax position recognized, including timing differences,<div style="display:inline-block;width:5.19px"> </div>and the amount previously </div><div id="a88092" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:245.3px;">taken or expected to be taken in a tax return.<div style="display:inline-block;width:7.76px"> </div>The Company recognizes<div style="display:inline-block;width:3.97px"> </div>interest and/or penalties related to income tax matters in </div><div id="a88139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:260.7px;">income tax expense.<div style="display:inline-block;width:7.34px"> </div>Finally, when applicable,<div style="display:inline-block;width:4.74px"> </div>the Company nets its liability for unrecognized tax benefits<div style="display:inline-block;width:4.79px"> </div>against deferred tax assets </div><div id="a88180" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276px;">related to net operating losses or other tax credit carryforwards<div style="display:inline-block;width:4.75px"> </div>that would apply if the uncertain tax position were settled<div style="display:inline-block;width:4.74px"> </div>for the </div><div id="a88224" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:291.4px;">presumed amount at the balance sheet date.</div></div> <div id="TextBlockContainer671" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88624_1_109" style="position:absolute;font-weight:normal;font-style:normal;left:100.773px;top:0px;">The Company is exposed to the impact of changes in interest rates,<div style="display:inline-block;width:4.71px"> </div>foreign currency fluctuations, changes in </div><div id="a88659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">commodity prices and credit risk.<div style="display:inline-block;width:7.5px"> </div>The Company utilizes interest rate swap agreements to enhance<div style="display:inline-block;width:4.85px"> </div>its ability to manage risk, including </div><div id="a88700" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">exposure to variability in interest payments associated with its variable<div style="display:inline-block;width:4.97px"> </div>rate debt.<div style="display:inline-block;width:6.94px"> </div>Derivative instruments are entered into for periods </div><div id="a88739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">consistent with the related underlying exposures and do not<div style="display:inline-block;width:4.85px"> </div>constitute positions independent of those exposures.<div style="display:inline-block;width:7.92px"> </div>As of December 31, </div><div id="a88777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">2020 and 2019,<div style="display:inline-block;width:3.85px"> </div>the Company had certain interest rate swap agreements that<div style="display:inline-block;width:4.8px"> </div>were designated as cash flow hedges.<div style="display:inline-block;width:7.57px"> </div>Interest rate swaps </div><div id="a88821" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">are entered into with a limited number of counterparties,<div style="display:inline-block;width:4.75px"> </div>each of which allows for net settlement of all contracts through<div style="display:inline-block;width:4.65px"> </div>a single </div><div id="a88866" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">payment in a single currency in the event of a default<div style="display:inline-block;width:4.65px"> </div>on or termination of any one contract.<div style="display:inline-block;width:7.53px"> </div>The Company records these instruments </div><div id="a88913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">on a net basis within the Consolidated Balance Sheets.<div style="display:inline-block;width:7.99px"> </div>The effective portion of the change in fair value<div style="display:inline-block;width:4.73px"> </div>of the agreement is recorded </div><div id="a88959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">in AOCI and will be recognized in the Consolidated Statements<div style="display:inline-block;width:4.75px"> </div>of Income when the hedge item affects earnings<div style="display:inline-block;width:4.87px"> </div>or losses or it </div><div id="a89004" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">becomes probable that the forecasted transaction will not occur.</div></div> <div id="TextBlockContainer675" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89048" style="position:absolute;font-weight:normal;font-style:normal;left:179.973px;top:0px;">The Company utilizes the FASB’s<div style="display:inline-block;width:5.68px"> </div>guidance regarding fair value measurements,<div style="display:inline-block;width:4.7px"> </div>which establishes a </div><div id="a89074" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">common definition for fair value to be applied to guidance<div style="display:inline-block;width:4.87px"> </div>requiring use of fair value, establishes a framework for<div style="display:inline-block;width:4.71px"> </div>measuring fair </div><div id="a89117" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">value and expands disclosure about such fair value measurements.<div style="display:inline-block;width:8.21px"> </div>Specifically, the guidance<div style="display:inline-block;width:4.79px"> </div>utilizes a fair value hierarchy that </div><div id="a89153" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">prioritizes the inputs to valuation techniques used to measure fair<div style="display:inline-block;width:4.82px"> </div>value into three broad levels.</div></div><div id="TextBlockContainer680" style="position:relative;font-family:Times New Roman;font-size:14.72px;color:#000000;line-height:normal;width:675px;height:88px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_678_XBRL_TS_7e6142b141aa47fba6acdfa7612d1f3a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer679" style="position:relative;font-family:Times New Roman;font-size:14.72px;color:#000000;line-height:normal;width:675px;height:88px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89226" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:1.1px;">• </div><div id="a89228" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:1.3px;">Level 1: Observable inputs such as quoted prices (unadjusted)<div style="display:inline-block;width:4.74px"> </div>in active markets for identical assets or liabilities. </div><div id="a89232" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:21.1px;">• </div><div id="a89234" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:21.3px;">Level 2: Inputs other than quoted prices that are observable<div style="display:inline-block;width:4.71px"> </div>for the asset or liability,<div style="display:inline-block;width:4.76px"> </div>either directly or indirectly.<div style="display:inline-block;width:7.96px"> </div>These </div><div id="a89236" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:36.5px;">include quoted prices for similar assets or liabilities in active<div style="display:inline-block;width:4.71px"> </div>markets and quoted prices for identical or similar assets or </div><div id="a89238" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:51.9px;">liabilities in markets that are not active. </div><div id="a89241" style="position:absolute;font-weight:normal;font-style:normal;left:4.907px;top:72px;">• </div><div id="a89243" style="position:absolute;font-size:13.28px;font-weight:normal;font-style:normal;left:26.027px;top:72.2px;">Level 3: Unobservable inputs that reflect the reporting entity's own assumptions.</div></div></div></div> <div id="TextBlockContainer683" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89252" style="position:absolute;font-weight:normal;font-style:normal;left:188.453px;top:0px;">The Company applies the FASB’s<div style="display:inline-block;width:5.62px"> </div>guidance regarding share-based payments, which<div style="display:inline-block;width:4.86px"> </div>requires the </div><div id="a89278" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">recognition of the fair value of share-based compensation<div style="display:inline-block;width:4.93px"> </div>as a component of expense.<div style="display:inline-block;width:7.23px"> </div>The Company has a long-term incentive </div><div id="a89321" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">program (“LTIP”)<div style="display:inline-block;width:5.07px"> </div>for key employees which provides for the granting of options<div style="display:inline-block;width:4.81px"> </div>to purchase stock at prices not less than its market </div><div id="a89365" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">value on the date of the grant.<div style="display:inline-block;width:7.43px"> </div>Most options become exercisable within </div><div id="a89365_72_11" style="position:absolute;left:388.973px;top:46.1px;-sec-ix-hidden:ID_19;">three years</div><div id="a89365_83_50" style="position:absolute;font-weight:normal;font-style:normal;left:447.08px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>after the date of the grant for a period of time </div><div id="a89416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">determined by the Company,<div style="display:inline-block;width:4.81px"> </div>but not to exceed </div><div id="a89416_45_11" style="position:absolute;left:257.453px;top:61.4px;-sec-ix-hidden:ID_16;">seven years</div><div id="a89416_56_77" style="position:absolute;font-weight:normal;font-style:normal;left:319.213px;top:61.4px;"><div style="display:inline-block;width:3.36px"> </div>from the date of grant.<div style="display:inline-block;width:7.32px"> </div>Restricted stock awards and restricted stock units </div><div id="a89464" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">issued under the LTIP<div style="display:inline-block;width:5.19px"> </div>program are subject to time vesting generally over a </div><div id="a89464_75_3" style="position:absolute;left:407.239px;top:76.6px;-sec-ix-hidden:ID_17;">one</div><div id="a89464_78_4" style="position:absolute;font-weight:normal;font-style:normal;left:426.439px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a89464_82_10" style="position:absolute;left:443.559px;top:76.6px;-sec-ix-hidden:ID_21;">three-year</div><div id="a89464_92_38" style="position:absolute;font-weight:normal;font-style:normal;left:497.479px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>period.<div style="display:inline-block;width:6.91px"> </div>In addition, as part of the </div><div id="a89513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">Company’s Annual Incentive<div style="display:inline-block;width:4.71px"> </div>Plan, nonvested shares may be issued to key employees,<div style="display:inline-block;width:4.85px"> </div>which generally would vest over a </div><div id="a89513_116_3" style="position:absolute;left:654.959px;top:92px;-sec-ix-hidden:ID_18;">two</div><div id="a89513_119_4" style="position:absolute;font-weight:normal;font-style:normal;left:674.959px;top:92px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a89513_123_4" style="position:absolute;left:692.079px;top:92px;-sec-ix-hidden:ID_20;">five</div><div id="a89513_127_1" style="position:absolute;font-weight:normal;font-style:normal;left:712.879px;top:92px;">-</div><div id="a89555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">year period.<div style="display:inline-block;width:7.01px"> </div></div><div id="a89560" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:130.7px;">In addition, while the FASB’s<div style="display:inline-block;width:5.7px"> </div>guidance permits the Company to make an accounting<div style="display:inline-block;width:4.75px"> </div>policy election to account for forfeitures as </div><div id="a89601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">they occur for service condition aspects of certain share-based<div style="display:inline-block;width:4.73px"> </div>awards, the Company has decided not to elect this accounting<div style="display:inline-block;width:4.75px"> </div>policy </div><div id="a89644" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.5px;">and instead has elected to continue utilizing a forfeiture<div style="display:inline-block;width:4.75px"> </div>rate assumption.<div style="display:inline-block;width:7.07px"> </div>Based on historical experience, the Company has assumed a </div><div id="a89684" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.7px;">forfeiture rate of </div><div id="a89684_19_2" style="position:absolute;left:95.973px;top:176.7px;-sec-ix-hidden:ID_22;">13</div><div id="a89684_21_113" style="position:absolute;font-weight:normal;font-style:normal;left:109.413px;top:176.7px;">% on certain of its nonvested stock awards.<div style="display:inline-block;width:7.52px"> </div>The Company will record additional expense if the actual forfeiture </div><div id="a89726" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">rate is lower than estimated and will record a recovery<div style="display:inline-block;width:4.63px"> </div>of prior expense if the actual forfeiture is higher than<div style="display:inline-block;width:4.8px"> </div>estimated.<div style="display:inline-block;width:6.75px"> </div></div><div id="a89771" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:215.4px;">The Company also issues performance-dependent<div style="display:inline-block;width:4.73px"> </div>stock awards as a component of its LTIP.<div style="display:inline-block;width:10.11px"> </div>The fair value of the performance-</div><div id="a89813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.7px;">dependent stock awards is based on their grant-date market<div style="display:inline-block;width:4.61px"> </div>value adjusted for the likelihood of attaining certain pre<div style="display:inline-block;width:1.44px"> </div>-determined </div><div id="a89853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">performance goals and is calculated by utilizing a Monte Carlo<div style="display:inline-block;width:4.8px"> </div>Simulation model.<div style="display:inline-block;width:7.19px"> </div>Compensation expense is recognized on a straight-</div><div id="a89891" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.5px;">line basis over the vesting period, generally </div><div id="a89891_46_11" style="position:absolute;left:240.173px;top:261.5px;-sec-ix-hidden:ID_2582;">three years</div><div id="a89891_57_1" style="position:absolute;font-weight:normal;font-style:normal;left:298.253px;top:261.5px;">.</div></div> <div id="TextBlockContainer685" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89937" style="position:absolute;font-weight:normal;font-style:normal;left:145.093px;top:0px;">The Company follows the FASB’s<div style="display:inline-block;width:5.8px"> </div>guidance regarding the calculation of earnings per<div style="display:inline-block;width:4.72px"> </div>share for nonvested </div><div id="a89967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">stock awards with rights to non-forfeitable dividends.<div style="display:inline-block;width:8.03px"> </div>The guidance requires nonvested stock awards with rights to<div style="display:inline-block;width:4.72px"> </div>non-forfeitable </div><div id="a90005" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">dividends to be included as part of the basic weighted<div style="display:inline-block;width:4.75px"> </div>average share calculation under the two-class method.</div></div> <div id="TextBlockContainer687" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90062_1_110" style="position:absolute;font-weight:normal;font-style:normal;left:90.373px;top:0px;">The Company’s reportable<div style="display:inline-block;width:4.83px"> </div>segments reflect the structure of the Company’s<div style="display:inline-block;width:5.19px"> </div>internal organization, the method by </div><div id="a90093" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">which the Company’s resources<div style="display:inline-block;width:4.83px"> </div>are allocated and the manner by which the Company<div style="display:inline-block;width:4.71px"> </div>and the chief operating decision maker assess its </div><div id="a90135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">performance</div></div> 1 0.50 0 0 0.01 0.01 During the years ended December 31, 2020, 2019 and 2018, the Company recorded $0.4 million, $1.0 million, and $0.7 million, respectively, of remeasurement losses associated with the applicable currency conversions related to Venezuela and Argentina. 400000 1000000.0 700000 <div id="TextBlockContainer693" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90838" style="position:absolute;font-weight:normal;font-style:normal;left:164.773px;top:0px;">The Company accounts for business combinations under<div style="display:inline-block;width:4.87px"> </div>the acquisition method of accounting.<div style="display:inline-block;width:7.3px"> </div>This </div><div id="a90864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">method requires the recording of acquired assets, including<div style="display:inline-block;width:4.91px"> </div>separately identifiable intangible assets and assumed liabilities at their </div><div id="a90899" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">respective acquisition date estimated fair values.<div style="display:inline-block;width:7.96px"> </div>Any excess of the purchase price over the estimated fair value<div style="display:inline-block;width:4.66px"> </div>of the identifiable net </div><div id="a90942" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">assets acquired is recorded as goodwill.<div style="display:inline-block;width:7.78px"> </div>The determination of the estimated fair value of assets acquired and<div style="display:inline-block;width:4.81px"> </div>liabilities assumed </div><div id="a90980" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">requires significant estimates and assumptions.<div style="display:inline-block;width:7.98px"> </div>Based on the assessment of additional information during the measurement<div style="display:inline-block;width:4.82px"> </div>period, </div><div id="a91013" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">which may be up to one year from the acquisition date,<div style="display:inline-block;width:4.75px"> </div>the Company may record adjustments to the estimated fair value of assets </div><div id="a91059" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">acquired and liabilities assumed.</div></div> <div id="TextBlockContainer695" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91091_1_96" style="position:absolute;font-weight:normal;font-style:normal;left:169.893px;top:0px;">Restructuring programs consist of employee severance,<div style="display:inline-block;width:4.83px"> </div>rationalization of manufacturing or other </div><div id="a91114" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">facilities and other related items.<div style="display:inline-block;width:7.47px"> </div>To account for<div style="display:inline-block;width:4.72px"> </div>such programs,<div style="display:inline-block;width:3.66px"> </div>the Company applies FASB’s<div style="display:inline-block;width:5.41px"> </div>guidance regarding exit or disposal </div><div id="a91154" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">cost obligations.<div style="display:inline-block;width:7.21px"> </div>This guidance requires that a liability for a cost associated with an<div style="display:inline-block;width:4.79px"> </div>exit or disposal activity be recognized when the </div><div id="a91199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">liability is incurred, is estimable, and payment is probable.</div></div> <div id="TextBlockContainer697" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:467px;height:16px;display:inline-block;"><div id="a91239_1_86" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Certain information has been reclassified to conform<div style="display:inline-block;width:4.77px"> </div>to the current year presentation.</div></div> <div id="TextBlockContainer699" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91268_1_100" style="position:absolute;font-weight:normal;font-style:normal;left:157.413px;top:0px;">The preparation of financial statements in conformity<div style="display:inline-block;width:4.76px"> </div>with generally accepted accounting principles </div><div id="a91293" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">requires management to make estimates and assumptions that<div style="display:inline-block;width:4.79px"> </div>affect the reported amounts of assets, liabilities<div style="display:inline-block;width:4.63px"> </div>and disclosure of </div><div id="a91330" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">contingencies at the date of the financial statements and<div style="display:inline-block;width:4.71px"> </div>the reported amounts of net sales and expenses during the reporting<div style="display:inline-block;width:4.81px"> </div>period.<div style="display:inline-block;width:3.55px"> </div></div><div id="a91374" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Actual results could differ from such estimates.</div></div> <div id="TextBlockContainer702" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91389" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 2 – Business Combinations<div style="display:inline-block;width:4.1px"> </div></div><div id="a91400" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:23.4px;">Houghton </div><div id="a91402" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:46.7px;">On </div><div id="a91402_3_14" style="position:absolute;left:48.139px;top:46.7px;">August 1, 2019</div><div id="a91402_17_104" style="position:absolute;font-weight:normal;font-style:normal;left:130.053px;top:46.7px;">, the Company completed the Combination, whereby the Company<div style="display:inline-block;width:4.85px"> </div>acquired all of the issued and outstanding </div><div id="a91440" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:62.1px;">shares of Houghton from Gulf Houghton Lubricants, Ltd.<div style="display:inline-block;width:4.71px"> </div>and certain other selling shareholders in exchange for a combination<div style="display:inline-block;width:4.84px"> </div>of cash </div><div id="a91480" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:77.4px;">and shares of the Company’s<div style="display:inline-block;width:4.68px"> </div>common stock in accordance with the Share Purchase Agreement<div style="display:inline-block;width:4.92px"> </div>dated April 4, 2017.<div style="display:inline-block;width:7.21px"> </div>Houghton is a </div><div id="a91523" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92.6px;">leading global provider of specialty chemicals and technical<div style="display:inline-block;width:4.78px"> </div>services for metalworking and other industrial applications.<div style="display:inline-block;width:8.02px"> </div>The </div><div id="a91555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108px;">Company believes that combining the Legacy Quaker<div style="display:inline-block;width:4.78px"> </div>and Houghton products and service offerings allows Quaker<div style="display:inline-block;width:4.89px"> </div>Houghton to better </div><div id="a91592" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">serve its customers in its various end markets.<div style="display:inline-block;width:7.59px"> </div></div><div id="a91609" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:146.7px;">The Combination was subject to certain regulatory<div style="display:inline-block;width:4.61px"> </div>and shareholder approvals.<div style="display:inline-block;width:7.4px"> </div>At a shareholder meeting held during 2017, the </div><div id="a91646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:162.1px;">Company’s shareholders<div style="display:inline-block;width:4.77px"> </div>approved the issuance of new shares of the Company’s<div style="display:inline-block;width:5.2px"> </div>common stock at closing of the Combination.<div style="display:inline-block;width:7.79px"> </div>Also </div><div id="a91684" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.3px;">in 2017, the Company received regulatory approvals for<div style="display:inline-block;width:4.82px"> </div>the Combination from China and Australia.<div style="display:inline-block;width:7.38px"> </div>The Company received </div><div id="a91718" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192.7px;">regulatory approvals from the European Commission<div style="display:inline-block;width:4.71px"> </div>(“EC”) during the second quarter of 2019 and the U.S. Federal<div style="display:inline-block;width:4.71px"> </div>Trade </div><div id="a91754" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:208px;">Commission (“FTC”) in July 2019.<div style="display:inline-block;width:7.62px"> </div>The approvals from the FTC and the EC required the concurrent<div style="display:inline-block;width:4.83px"> </div>divestiture of certain steel and </div><div id="a91797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:223.4px;">aluminum related product lines of Houghton, which<div style="display:inline-block;width:4.72px"> </div>were sold by Houghton on August 1, 2019 for approximately<div style="display:inline-block;width:4.77px"> </div>$</div><div id="a91797_109_2" style="position:absolute;left:620.56px;top:223.4px;">37</div><div id="a91797_111_19" style="position:absolute;font-weight:normal;font-style:normal;left:634px;top:223.4px;"><div style="display:inline-block;width:3.36px"> </div>million in cash.<div style="display:inline-block;width:3.67px"> </div></div><div id="a91839" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.8px;">The final remedy agreed with the EC and the FTC was consistent<div style="display:inline-block;width:4.88px"> </div>with the Company’s<div style="display:inline-block;width:4.73px"> </div>previous expectation that the total divested </div><div id="a91882" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.1px;">product lines would be approximately </div><div id="a91882_37_1" style="position:absolute;left:210.053px;top:254.1px;">3</div><div id="a91882_38_38" style="position:absolute;font-weight:normal;font-style:normal;left:216.773px;top:254.1px;">% of the combined company’s<div style="display:inline-block;width:4.75px"> </div>net sales.</div></div><div id="TextBlockContainer704" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:520px;height:16px;display:inline-block;"><div id="a91955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table summarizes the fair value of consideration<div style="display:inline-block;width:5.01px"> </div>transferred in the Combination:</div></div><div id="TextBlockContainer708" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_706_XBRL_TS_06d57467dbe14cd5b7126a2cb6d4bc67" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer707" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91983" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Cash transferred to Houghton shareholders (a) </div><div id="a91986" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:0px;">$ </div><div id="a91988" style="position:absolute;left:611.28px;top:0px;">170,829</div><div id="a91992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.6px;">Cash paid to extinguish Houghton debt obligations </div><div id="a91995" style="position:absolute;left:611.28px;top:16.6px;">702,556</div><div id="a91999" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.6px;">Fair value of common stock issued as consideration (b) </div><div id="a92002" style="position:absolute;left:611.28px;top:33.6px;">789,080</div><div id="a92007" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.7px;">Total fair value<div style="display:inline-block;width:4.67px"> </div>of consideration transferred </div><div id="a92009" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.7px;">$ </div><div id="a92011" style="position:absolute;left:601.36px;top:50.7px;">1,662,465</div></div></div></div><div id="TextBlockContainer712" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:247px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_710_XBRL_TS_c69fea8679ea4381ba014eee910342c6" style="position:absolute;left:24px;top:0px;float:left;"><div id="TextBlockContainer711" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92014" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">(a)<div style="display:inline-block;width:10.25px"> </div>A portion is held in escrow by a third party,<div style="display:inline-block;width:5.18px"> </div>subject to indemnification rights that lapse upon the achievement<div style="display:inline-block;width:4.86px"> </div>of certain </div><div id="a92058" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:15.4px;">milestones. </div><div id="a92060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">(b)<div style="display:inline-block;width:10.31px"> </div>Amount was determined based on approximately </div><div id="a92060_51_3" style="position:absolute;left:295.373px;top:30.7px;">4.3</div><div id="a92060_54_28" style="position:absolute;font-weight:normal;font-style:normal;left:312.013px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million shares, comprising </div><div id="a92060_82_4" style="position:absolute;left:460.52px;top:30.7px;">24.5</div><div id="a92060_86_37" style="position:absolute;font-weight:normal;font-style:normal;left:483.72px;top:30.7px;">% of the common stock of the Company </div><div id="a92099" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:46.1px;">immediately after the closing, and the closing price per<div style="display:inline-block;width:4.73px"> </div>share of Quaker Chemical Corporation common stock<div style="display:inline-block;width:4.57px"> </div>of $</div><div id="a92099_111_6" style="position:absolute;left:638.959px;top:46.1px;">182.27</div><div id="a92099_117_4" style="position:absolute;font-weight:normal;font-style:normal;left:675.759px;top:46.1px;"><div style="display:inline-block;width:3.2px"> </div>on </div><div id="a92137" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:61.4px;">August 1, 2019.</div></div></div><div id="a92137_15_1" style="position:absolute;font-weight:normal;font-style:normal;left:137.573px;top:61.4px;"> </div><div id="a92144" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:84.6px;">The Company accounted for the Combination under the<div style="display:inline-block;width:4.79px"> </div>acquisition method of accounting.<div style="display:inline-block;width:7.15px"> </div>This method requires the recording of </div><div id="a92180" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">acquired assets, including separately identifiable<div style="display:inline-block;width:4.71px"> </div>intangible assets, at their fair value on the acquisition date.<div style="display:inline-block;width:7.97px"> </div>Any excess of the </div><div id="a92218" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">purchase price over the estimated fair value of<div style="display:inline-block;width:4.69px"> </div>the identifiable net assets acquired is recorded as goodwill.<div style="display:inline-block;width:7.94px"> </div>The determination of the </div><div id="a92260" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.8px;">estimated fair value of assets acquired, including indefinite<div style="display:inline-block;width:4.86px"> </div>and definite-lived intangible assets, requires management’s<div style="display:inline-block;width:5.23px"> </div>judgment and </div><div id="a92295" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">often involves the use of significant estimates and assumptions,<div style="display:inline-block;width:4.83px"> </div>including assumptions with respect to future cash inflows and </div><div id="a92331" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">outflows, discount rates, customer attrition rates, royalty<div style="display:inline-block;width:4.87px"> </div>rates, asset lives and market multiples, among other items.<div style="display:inline-block;width:8.15px"> </div>Fair values were </div><div id="a92370" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.7px;">determined by management using a variety of methodologies<div style="display:inline-block;width:4.77px"> </div>and resources, including external independent valuation<div style="display:inline-block;width:4.86px"> </div>experts.<div style="display:inline-block;width:6.65px"> </div>The </div><div id="a92402" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">valuation methods included physical appraisals, discounted<div style="display:inline-block;width:4.79px"> </div>cash flow analyses, excess earnings, relief from<div style="display:inline-block;width:4.54px"> </div>royalty, and other </div><div id="a92435" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">appropriate valuation techniques to determine the fair value<div style="display:inline-block;width:4.6px"> </div>of assets acquired and liabilities assumed. </div><div id="a92463" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:230.8px;">The following table presents the final estimated fair<div style="display:inline-block;width:4.54px"> </div>values of Houghton net assets acquired:</div></div><div id="TextBlockContainer716" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:378px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_714_XBRL_TS_0c2d4a63d91d4d84a4617c4ca008c416" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer715" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:378px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92496" style="position:absolute;font-weight:bold;font-style:normal;left:472.2px;top:0px;">Measurement </div><div id="a92504" style="position:absolute;font-weight:bold;font-style:normal;left:382.44px;top:17px;">August 1, </div><div id="a92507" style="position:absolute;font-weight:bold;font-style:normal;left:492.52px;top:17px;">Period </div><div id="a92510" style="position:absolute;font-weight:bold;font-style:normal;left:571.44px;top:17px;">August 1, 2019 </div><div id="a92517" style="position:absolute;font-weight:bold;font-style:normal;left:386.76px;top:33.9px;">2019 (1) </div><div id="a92520" style="position:absolute;font-weight:bold;font-style:normal;left:475.08px;top:33.9px;">Adjustments </div><div id="a92523" style="position:absolute;font-weight:bold;font-style:normal;left:577.04px;top:33.9px;">(as adjusted) </div><div id="a92527" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.7px;">Cash and cash equivalents </div><div id="a92529" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.7px;">$ </div><div id="a92531" style="position:absolute;left:413.96px;top:50.7px;">75,821</div><div id="a92534" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.7px;">$ </div><div id="a92536" style="position:absolute;left:539.28px;top:50.7px;">—</div><div id="a92539" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.7px;">$ </div><div id="a92541" style="position:absolute;left:618px;top:50.7px;">75,821</div><div id="a92545" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.1px;">Accounts receivable </div><div id="a92548" style="position:absolute;left:407.24px;top:65.1px;">178,922</div><div id="a92552" style="position:absolute;left:539.28px;top:65.1px;">—</div><div id="a92556" style="position:absolute;left:611.28px;top:65.1px;">178,922</div><div id="a92560" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.2px;">Inventories </div><div id="a92563" style="position:absolute;left:413.96px;top:80.2px;">95,193</div><div id="a92567" style="position:absolute;left:539.28px;top:80.2px;">—</div><div id="a92571" style="position:absolute;left:618px;top:80.2px;">95,193</div><div id="a92575" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:95.2px;">Prepaid expenses and other assets </div><div id="a92578" style="position:absolute;left:413.96px;top:95.2px;">10,652</div><div id="a92582" style="position:absolute;left:532.52px;top:95.2px;">666</div><div id="a92586" style="position:absolute;left:618px;top:95.2px;">11,318</div><div id="a92590" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a92593" style="position:absolute;left:407.24px;top:110.1px;">115,529</div><div id="a92597" style="position:absolute;left:534.28px;top:110.1px;">(66)</div><div id="a92601" style="position:absolute;left:611.28px;top:110.1px;">115,463</div><div id="a92605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.1px;">Right of use lease assets </div><div id="a92608" style="position:absolute;left:413.96px;top:125.1px;">10,673</div><div id="a92612" style="position:absolute;left:539.28px;top:125.1px;">—</div><div id="a92616" style="position:absolute;left:618px;top:125.1px;">10,673</div><div id="a92620" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.2px;">Investments in associated companies </div><div id="a92623" style="position:absolute;left:413.96px;top:140.2px;">66,447</div><div id="a92627" style="position:absolute;left:539.28px;top:140.2px;">—</div><div id="a92631" style="position:absolute;left:618px;top:140.2px;">66,447</div><div id="a92635" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.2px;">Other non-current assets </div><div id="a92640" style="position:absolute;left:420.52px;top:155.2px;">4,710</div><div id="a92644" style="position:absolute;left:522.44px;top:155.2px;">1,553</div><div id="a92648" style="position:absolute;left:624.56px;top:155.2px;">6,263</div><div id="a92652" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Intangible assets </div><div id="a92655" style="position:absolute;left:397.32px;top:170.1px;">1,028,400</div><div id="a92659" style="position:absolute;left:539.28px;top:170.1px;">—</div><div id="a92663" style="position:absolute;left:601.36px;top:170.1px;">1,028,400</div><div id="a92667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.1px;">Goodwill </div><div id="a92670" style="position:absolute;left:407.24px;top:185.1px;">494,915</div><div id="a92674" style="position:absolute;left:522.44px;top:185.1px;">4,625</div><div id="a92678" style="position:absolute;left:611.28px;top:185.1px;">499,540</div><div id="a92683" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:200.8px;">Total assets purchased </div><div id="a92686" style="position:absolute;left:397.32px;top:200.8px;">2,081,262</div><div id="a92690" style="position:absolute;left:522.44px;top:200.8px;">6,778</div><div id="a92694" style="position:absolute;left:601.36px;top:200.8px;">2,088,040</div><div id="a92698" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.2px;">Short-term borrowings, not refinanced at closing </div><div id="a92703" style="position:absolute;left:420.52px;top:215.2px;">9,297</div><div id="a92707" style="position:absolute;left:539.28px;top:215.2px;">—</div><div id="a92711" style="position:absolute;left:624.56px;top:215.2px;">9,297</div><div id="a92715" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.1px;">Accounts<div style="display:inline-block;width:3.64px"> </div>payable, accrued expenses and other accrued liabilities </div><div id="a92719" style="position:absolute;left:407.24px;top:230.1px;">150,078</div><div id="a92723" style="position:absolute;left:522.44px;top:230.1px;">1,127</div><div id="a92727" style="position:absolute;left:611.28px;top:230.1px;">151,205</div><div id="a92731" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:245.1px;">Deferred tax liabilities </div><div id="a92734" style="position:absolute;left:407.24px;top:245.1px;">205,082</div><div id="a92738" style="position:absolute;left:522.44px;top:245.1px;">4,098</div><div id="a92742" style="position:absolute;left:611.28px;top:245.1px;">209,180</div><div id="a92746" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:260.2px;">Long-term lease liabilities </div><div id="a92751" style="position:absolute;left:420.52px;top:260.2px;">6,607</div><div id="a92755" style="position:absolute;left:539.28px;top:260.2px;">—</div><div id="a92759" style="position:absolute;left:624.56px;top:260.2px;">6,607</div><div id="a92763" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.8px;">Other non-current liabilities </div><div id="a92768" style="position:absolute;left:413.96px;top:276.8px;">47,733</div><div id="a92772" style="position:absolute;left:522.44px;top:276.8px;">1,553</div><div id="a92776" style="position:absolute;left:618px;top:276.8px;">49,286</div><div id="a92781" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:293.8px;">Total liabilities assumed </div><div id="a92784" style="position:absolute;left:407.24px;top:293.8px;">418,797</div><div id="a92788" style="position:absolute;left:522.44px;top:293.8px;">6,778</div><div id="a92792" style="position:absolute;left:611.28px;top:293.8px;">425,575</div><div id="a92797" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:310.9px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Houghton </div><div id="a92800" style="position:absolute;left:397.32px;top:310.9px;">1,662,465</div><div id="a92804" style="position:absolute;left:539.28px;top:310.9px;">—</div><div id="a92808" style="position:absolute;left:601.36px;top:310.9px;">1,662,465</div><div id="a92813" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:327.9px;">Less: cash acquired </div><div id="a92816" style="position:absolute;left:413.96px;top:327.9px;">75,821</div><div id="a92820" style="position:absolute;left:539.28px;top:327.9px;">—</div><div id="a92824" style="position:absolute;left:618px;top:327.9px;">75,821</div><div id="a92829" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:344.9px;">Less: fair value of common stock issued as consideration </div><div id="a92832" style="position:absolute;left:407.24px;top:344.9px;">789,080</div><div id="a92836" style="position:absolute;left:539.28px;top:344.9px;">—</div><div id="a92840" style="position:absolute;left:611.28px;top:344.9px;">789,080</div><div id="a92845" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:361.8px;">Net cash paid for Houghton </div><div id="a92847" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:361.8px;">$ </div><div id="a92849" style="position:absolute;left:407.24px;top:361.8px;">797,564</div><div id="a92852" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:361.8px;">$ </div><div id="a92854" style="position:absolute;left:539.28px;top:361.8px;">—</div><div id="a92857" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:361.8px;">$ </div><div id="a92859" style="position:absolute;left:611.28px;top:361.8px;">797,564</div></div></div></div><div id="TextBlockContainer718" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92862" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">(1) As previously disclosed in the Company’s<div style="display:inline-block;width:5.2px"> </div>2019 Form 10-K. </div><div id="a92884" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">During 2020, the allocation of the purchase price for<div style="display:inline-block;width:4.75px"> </div>the Combination was finalized and the </div><div id="a92884_92_8" style="position:absolute;left:521.16px;top:23.4px;-sec-ix-hidden:ID_1461;">one-year</div><div id="a92884_100_24" style="position:absolute;font-weight:normal;font-style:normal;left:567.88px;top:23.4px;"><div style="display:inline-block;width:3.4px"> </div>measurement period has </div><div id="a92926" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">ended.<div style="display:inline-block;width:6.92px"> </div>Houghton assets acquired and liabilities assumed were assigned to<div style="display:inline-block;width:4.77px"> </div>each of the Company’s reportable<div style="display:inline-block;width:4.82px"> </div>segments on a specific </div><div id="a92965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">identification or allocated basis, as applicable.<div style="display:inline-block;width:7.81px"> </div>Prior to finalizing the purchase price allocation, certain measurement<div style="display:inline-block;width:4.69px"> </div>period </div><div id="a92997" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">adjustments were recorded during 2020 related primarily<div style="display:inline-block;width:4.72px"> </div>to increasing the valuation allowances against the deferred<div style="display:inline-block;width:4.74px"> </div>tax assets </div><div id="a93032" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">associated with foreign tax credits acquired as part of<div style="display:inline-block;width:4.71px"> </div>the Combination as additional information became available and<div style="display:inline-block;width:4.58px"> </div>was used to </div></div><div id="TextBlockContainer720" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:477px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a93121" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">update the Company’s initial<div style="display:inline-block;width:4.72px"> </div>estimates of expenses allocated to foreign source income<div style="display:inline-block;width:4.78px"> </div>and expected creditable foreign taxes.<div style="display:inline-block;width:7.58px"> </div>In </div><div id="a93157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">addition, measurement period adjustments included<div style="display:inline-block;width:4.77px"> </div>the recognition of additional other non-current assets and other non-current </div><div id="a93191" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">liabilities based on additional information obtained regarding<div style="display:inline-block;width:4.71px"> </div>certain tax audits and associated rights to indemnification,<div style="display:inline-block;width:4.79px"> </div>and certain </div><div id="a93225" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">non-income tax liabilities payable upon closing of the<div style="display:inline-block;width:4.81px"> </div>Combination in certain countries. </div><div id="a93251" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;"><div style="display:inline-block;width:24px"> </div>The Company allocated $</div><div id="a93251_24_7" style="position:absolute;left:165.893px;top:69.3px;">1,028.4</div><div id="a93251_31_90" style="position:absolute;font-weight:normal;font-style:normal;left:205.893px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>million of the purchase price to intangible assets, including certain<div style="display:inline-block;width:4.85px"> </div>measurement period </div><div id="a93285" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">adjustments, comprised of $</div><div id="a93285_27_5" style="position:absolute;left:154.853px;top:84.6px;">242.0</div><div id="a93285_32_90" style="position:absolute;font-weight:normal;font-style:normal;left:184.933px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million of trademarks and tradename, to which management has<div style="display:inline-block;width:4.72px"> </div>assigned indefinite lives; $</div><div id="a93285_122_5" style="position:absolute;left:676.719px;top:84.6px;">677.3</div><div id="a93285_127_1" style="position:absolute;font-weight:normal;font-style:normal;left:706.799px;top:84.6px;"> </div><div id="a93322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">million of customer relationships, to be amortized over </div><div id="a93322_56_2" style="position:absolute;left:301.293px;top:100px;">15</div><div id="a93322_58_4" style="position:absolute;font-weight:normal;font-style:normal;left:314.573px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a93322_62_2" style="position:absolute;left:331.533px;top:100px;">18</div><div id="a93322_64_13" style="position:absolute;font-weight:normal;font-style:normal;left:344.973px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>years; and $</div><div id="a93322_77_5" style="position:absolute;left:412.679px;top:100px;">109.1</div><div id="a93322_82_47" style="position:absolute;font-weight:normal;font-style:normal;left:442.759px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million of existing product technology,<div style="display:inline-block;width:5.09px"> </div>to be </div><div id="a93364" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">amortized over </div><div id="a93364_15_2" style="position:absolute;left:88.299px;top:115.4px;">20</div><div id="a93364_17_44" style="position:absolute;font-weight:normal;font-style:normal;left:101.573px;top:115.4px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.74px"> </div>In addition, the Company recorded $</div><div id="a93364_61_5" style="position:absolute;left:339.373px;top:115.4px;">499.5</div><div id="a93364_66_64" style="position:absolute;font-weight:normal;font-style:normal;left:369.453px;top:115.4px;"><div style="display:inline-block;width:3.2px"> </div>million of goodwill, including measurement period adjustments, </div><div id="a93402" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">related to expected value not allocated to other acquired<div style="display:inline-block;width:4.8px"> </div>assets, none of which will be tax deductible.<div style="display:inline-block;width:7.66px"> </div>See Note 16 of Notes to </div><div id="a93449" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">Consolidated Financial Statements.<div style="display:inline-block;width:7.49px"> </div>Factors contributing to the purchase price that resulted in<div style="display:inline-block;width:4.77px"> </div>goodwill included the acquisition of </div><div id="a93483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">management, business processes and personnel that<div style="display:inline-block;width:4.73px"> </div>will allow Quaker Houghton to better serve its customers.<div style="display:inline-block;width:8.05px"> </div>The expanded portfolio </div><div id="a93520" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">is expected to generate significant cross-selling opportunities and<div style="display:inline-block;width:4.88px"> </div>allow further expansion into certain emerging<div style="display:inline-block;width:4.65px"> </div>growth markets.<div style="display:inline-block;width:3.62px"> </div></div><div id="a93555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;"><div style="display:inline-block;width:24px"> </div>Commencing August 1, 2019, the Company’s<div style="display:inline-block;width:5.14px"> </div>Consolidated Statements of Income included the results of<div style="display:inline-block;width:4.78px"> </div>Houghton.<div style="display:inline-block;width:6.92px"> </div>Net sales of </div><div id="a93593" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">Houghton subsequent to closing of the Combination and included<div style="display:inline-block;width:4.9px"> </div>in the Company’s Consolidated<div style="display:inline-block;width:4.77px"> </div>Statements of Income for the year </div><div id="a93631" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">ended December 31, 2019 were $</div><div id="a93631_30_5" style="position:absolute;left:183.813px;top:230.8px;">299.8</div><div id="a93631_35_89" style="position:absolute;font-weight:normal;font-style:normal;left:213.893px;top:230.8px;"><div style="display:inline-block;width:3.4px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>The following unaudited pro forma consolidated financial information<div style="display:inline-block;width:4.89px"> </div>has been </div><div id="a93665" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">prepared as if the Combination had taken place<div style="display:inline-block;width:4.57px"> </div>on January 1, 2018.<div style="display:inline-block;width:7.14px"> </div>The unaudited pro forma results include certain adjustments to </div><div id="a93710" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">each company’s historical<div style="display:inline-block;width:4.83px"> </div>actual results, including: (i) additional depreciation and amort<div style="display:inline-block;width:1.46px"> </div>ization expense based on the initial estimates </div><div id="a93745" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">of fair value step up and estimated useful lives of depreciable<div style="display:inline-block;width:4.81px"> </div>fixed assets, definite-lived intangible assets and investment in<div style="display:inline-block;width:4.79px"> </div>associated </div><div id="a93787" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292px;">companies acquired; (ii) adoption of required accounting<div style="display:inline-block;width:4.73px"> </div>guidance and alignment of related accounting policies, (iii)<div style="display:inline-block;width:4.7px"> </div>elimination of </div><div id="a93821" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.4px;">transactions between Legacy Quaker and Houghton;<div style="display:inline-block;width:4.53px"> </div>(iv) elimination of results associated with the divested product<div style="display:inline-block;width:4.88px"> </div>lines; (v) </div><div id="a93856" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:322.8px;">adjustment to interest expense, net, to reflect the impact<div style="display:inline-block;width:4.7px"> </div>of the financing and capital structure of the combined Company;<div style="display:inline-block;width:4.74px"> </div>and (vi) </div><div id="a93898" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:338px;">adjustment for certain Combination,<div style="display:inline-block;width:4.31px"> </div>integration and other acquisition-related costs to reflect such costs as<div style="display:inline-block;width:4.73px"> </div>if they were incurred in the </div><div id="a93941" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.3px;">period immediately following the pro-forma closing<div style="display:inline-block;width:4.7px"> </div>of the Combination on January 1, 2018.<div style="display:inline-block;width:7.45px"> </div>The adjustments described in (vi) </div><div id="a93982" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:368.7px;">include an expense recorded in costs of goods sold (“COGS”)<div style="display:inline-block;width:4.75px"> </div>associated with selling inventory acquired in the Combination which </div><div id="a94022" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:384px;">was adjusted to fair value as part of purchase accounting,<div style="display:inline-block;width:4.7px"> </div>restructuring expense incurred associated with the Company’s<div style="display:inline-block;width:5.42px"> </div>global </div><div id="a94059" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:399.4px;">restructuring program initiated post-closing of the Combination<div style="display:inline-block;width:4.95px"> </div>and certain other integration costs incurred post-closing included<div style="display:inline-block;width:4.86px"> </div>in </div><div id="a94095" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:414.8px;">combination and other acquisition-related expenses.<div style="display:inline-block;width:8.02px"> </div>These costs have been presented in the unaudited pro forma<div style="display:inline-block;width:4.81px"> </div>table below as these </div><div id="a94135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430px;">costs on a pro forma basis were incurred during the year<div style="display:inline-block;width:4.89px"> </div>ended December 31, 2018.<div style="display:inline-block;width:7.24px"> </div>Unaudited pro forma results are not necessarily </div><div id="a94181" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:445.3px;">indicative of the results that would have occurred if the<div style="display:inline-block;width:4.82px"> </div>acquisition had occurred on the date indicated, or that may result in the<div style="display:inline-block;width:4.74px"> </div>future </div><div id="a94229" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:460.7px;">for various reasons, including the potential impact of revenue<div style="display:inline-block;width:4.74px"> </div>and cost synergies on the business.</div></div><div id="TextBlockContainer723" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94262" style="position:absolute;font-weight:bold;font-style:normal;left:503.72px;top:0px;">For the years ending </div><div id="a94266" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:17.6px;">Unaudited Pro Forma<div style="display:inline-block;width:4.31px"> </div></div><div id="a94268" style="position:absolute;font-weight:bold;font-style:normal;left:521.96px;top:17.6px;"><div style="display:inline-block;width:3.36px"> </div>December 31, </div><div id="a94273" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:35.2px;">(as if the Combination occurred on<div style="display:inline-block;width:4.84px"> </div>January 1, 2018) </div><div id="a94275" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:35.2px;">2019 </div><div id="a94278" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:35.2px;">2018 </div><div id="a94282" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Net sales </div><div id="a94285" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:52.8px;">$ </div><div id="a94287" style="position:absolute;left:499.24px;top:52.8px;">1,562,427</div><div id="a94290" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:52.8px;">$ </div><div id="a94292" style="position:absolute;left:601.36px;top:52.8px;">1,654,588</div><div id="a94296" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Net income attributable to Quaker Chemical Corporation </div><div id="a94299" style="position:absolute;left:515.88px;top:70.4px;">94,537</div><div id="a94303" style="position:absolute;left:618px;top:70.4px;">35,337</div></div><div id="TextBlockContainer726" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:262px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94306" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Combination,<div style="display:inline-block;width:3.84px"> </div>integration and other acquisition-related expenses have been<div style="display:inline-block;width:4.7px"> </div>and are expected to continue to be significant.<div style="display:inline-block;width:7.61px"> </div>The </div><div id="a94343" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Company incurred total costs of $</div><div id="a94343_33_4" style="position:absolute;left:185.733px;top:15.4px;">30.3</div><div id="a94343_37_11" style="position:absolute;font-weight:normal;font-style:normal;left:209.093px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>million, $</div><div id="a94343_48_4" style="position:absolute;left:264.173px;top:15.4px;">38.0</div><div id="a94343_52_14" style="position:absolute;font-weight:normal;font-style:normal;left:287.533px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a94343_66_4" style="position:absolute;left:362.093px;top:15.4px;">19.5</div><div id="a94343_70_57" style="position:absolute;font-weight:normal;font-style:normal;left:385.453px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million for the years ended December 31, 2020, 2019 and </div><div id="a94391" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">2018<div style="display:inline-block;width:3.52px"> </div>related to the Combination,<div style="display:inline-block;width:4px"> </div>integration and other acquisition-related activities.<div style="display:inline-block;width:7.76px"> </div>These costs included certain legal, financial and </div><div id="a94429" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">other advisory<div style="display:inline-block;width:3.85px"> </div>and consultant costs related to due diligence, regulatory approvals<div style="display:inline-block;width:4.72px"> </div>and closing the Combination,<div style="display:inline-block;width:4.13px"> </div>as well as integration </div><div id="a94469" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">planning and post-closing integration activities including<div style="display:inline-block;width:4.79px"> </div>internal control readiness and remediation.<div style="display:inline-block;width:7.64px"> </div>These costs also include interest </div><div id="a94504" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">costs to maintain the bank commitment (“ticking fees”)<div style="display:inline-block;width:4.77px"> </div>for the Combination during each of the years ended December<div style="display:inline-block;width:4.72px"> </div>31, 2019 and </div><div id="a94547" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">2018,<div style="display:inline-block;width:3.56px"> </div>accelerated depreciation charges during the year<div style="display:inline-block;width:1.52px"> </div>s<div style="display:inline-block;width:3.31px"> </div>ended December 31, 2020 and 2019, a loss on the sale of a held-for-sale<div style="display:inline-block;width:5.02px"> </div>asset </div><div id="a94600" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">during the year ended December 31, 2020, and a gain<div style="display:inline-block;width:4.72px"> </div>on the sale of a held-for-sale asset during the year ended<div style="display:inline-block;width:4.75px"> </div>December 31, 2018.<div style="display:inline-block;width:3.68px"> </div></div><div id="a94652" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">As of December 31, 2020 and 2019, the Company<div style="display:inline-block;width:4.73px"> </div>had current liabilities related to the Combination and other acquisition-related </div><div id="a94696" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138px;">activities of $</div><div id="a94696_15_3" style="position:absolute;left:77.099px;top:138px;">7.5</div><div id="a94696_18_14" style="position:absolute;font-weight:normal;font-style:normal;left:93.893px;top:138px;"><div style="display:inline-block;width:3.2px"> </div>million and $</div><div id="a94696_32_3" style="position:absolute;left:168.133px;top:138px;">6.6</div><div id="a94696_35_104" style="position:absolute;font-weight:normal;font-style:normal;left:184.933px;top:138px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively,<div style="display:inline-block;width:4.58px"> </div>primarily recorded within other accrued liabilities on its Consolidated<div style="display:inline-block;width:5px"> </div>Balance </div><div id="a94735" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">Sheets. </div><div id="a94737" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:176.7px;">Norman Hay </div><div id="a94741" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:200px;">In </div><div id="a94741_3_12" style="position:absolute;left:43.019px;top:200px;-sec-ix-hidden:ID_2562;">October 2019</div><div id="a94741_15_70" style="position:absolute;font-weight:normal;font-style:normal;left:115.973px;top:200px;">, the Company completed its acquisition of the operating divisions<div style="display:inline-block;width:4.91px"> </div>of </div><div id="a94741_85_14" style="position:absolute;left:487.88px;top:200px;">Norman Hay plc</div><div id="a94741_99_27" style="position:absolute;font-weight:normal;font-style:normal;left:576.88px;top:200px;"><div style="display:inline-block;width:3.2px"> </div>(“Norman Hay”), a private </div><div id="a94786" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">U.K. company<div style="display:inline-block;width:3.81px"> </div>that provides specialty chemicals, operating equipment, and<div style="display:inline-block;width:4.74px"> </div>services to industrial end markets.<div style="display:inline-block;width:7.44px"> </div>The acquisition adds </div><div id="a94821" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.6px;">new technologies in automotive, original equipment<div style="display:inline-block;width:4.74px"> </div>manufacturer (“OEM”), and aerospace, as well as engineering<div style="display:inline-block;width:4.79px"> </div>expertise which is </div><div id="a94855" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">expected to strengthen the Company’s<div style="display:inline-block;width:5.19px"> </div>existing equipment solutions platform.<div style="display:inline-block;width:7.63px"> </div>The acquired Norman Hay assets and liabilities were </div></div><div id="TextBlockContainer728" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:723px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94939" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">assigned to the Global Specialty Businesses reportable segment.<div style="display:inline-block;width:8.25px"> </div>The original purchase price was </div><div id="a94939_97_4" style="position:absolute;left:526.92px;top:0px;">80.0</div><div id="a94939_101_29" style="position:absolute;font-weight:normal;font-style:normal;left:550.44px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million GBP,<div style="display:inline-block;width:5.07px"> </div>on a cash-free </div><div id="a94979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and debt-free basis, subject to routine and customary<div style="display:inline-block;width:4.76px"> </div>post-closing adjustments related to working capital and<div style="display:inline-block;width:4.58px"> </div>net indebtedness levels.</div></div><div id="TextBlockContainer730" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:520px;height:16px;display:inline-block;"><div id="a95020" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the final estimated fair<div style="display:inline-block;width:4.54px"> </div>values of Norman Hay net assets acquired:</div></div><div id="TextBlockContainer733" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95055" style="position:absolute;font-weight:bold;font-style:normal;left:472.2px;top:0px;">Measurement </div><div id="a95063" style="position:absolute;font-weight:bold;font-style:normal;left:379.56px;top:17px;">October 1, </div><div id="a95066" style="position:absolute;font-weight:bold;font-style:normal;left:492.52px;top:17px;">Period </div><div id="a95069" style="position:absolute;font-weight:bold;font-style:normal;left:568.56px;top:17px;">October 1, 2019 </div><div id="a95075" style="position:absolute;font-weight:bold;font-style:normal;left:386.76px;top:33.9px;">2019 (1) </div><div id="a95078" style="position:absolute;font-weight:bold;font-style:normal;left:475.08px;top:33.9px;">Adjustments </div><div id="a95081" style="position:absolute;font-weight:bold;font-style:normal;left:577.04px;top:33.9px;">(as adjusted) </div><div id="a95085" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Cash and cash equivalents </div><div id="a95087" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.9px;">$ </div><div id="a95089" style="position:absolute;left:413.96px;top:50.9px;">18,981</div><div id="a95092" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.9px;">$ </div><div id="a95094" style="position:absolute;left:539.28px;top:50.9px;">—</div><div id="a95097" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.9px;">$ </div><div id="a95099" style="position:absolute;left:618px;top:50.9px;">18,981</div><div id="a95103" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.1px;">Accounts receivable </div><div id="a95106" style="position:absolute;left:413.96px;top:65.1px;">15,471</div><div id="a95110" style="position:absolute;left:539.28px;top:65.1px;">—</div><div id="a95114" style="position:absolute;left:618px;top:65.1px;">15,471</div><div id="a95118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.2px;">Inventories </div><div id="a95121" style="position:absolute;left:420.52px;top:80.2px;">8,213</div><div id="a95125" style="position:absolute;left:534.28px;top:80.2px;">(49)</div><div id="a95129" style="position:absolute;left:624.56px;top:80.2px;">8,164</div><div id="a95133" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:95.2px;">Prepaid expenses and other assets </div><div id="a95136" style="position:absolute;left:420.52px;top:95.2px;">4,203</div><div id="a95140" style="position:absolute;left:532.52px;top:95.2px;">138</div><div id="a95144" style="position:absolute;left:624.56px;top:95.2px;">4,341</div><div id="a95148" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a95151" style="position:absolute;left:413.96px;top:110.1px;">14,981</div><div id="a95155" style="position:absolute;left:539.28px;top:110.1px;">—</div><div id="a95159" style="position:absolute;left:618px;top:110.1px;">14,981</div><div id="a95163" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.1px;">Right of use lease assets </div><div id="a95166" style="position:absolute;left:413.96px;top:125.1px;">10,608</div><div id="a95170" style="position:absolute;left:539.28px;top:125.1px;">—</div><div id="a95174" style="position:absolute;left:618px;top:125.1px;">10,608</div><div id="a95178" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.2px;">Intangible assets </div><div id="a95181" style="position:absolute;left:413.96px;top:140.2px;">51,088</div><div id="a95185" style="position:absolute;left:539.28px;top:140.2px;">—</div><div id="a95189" style="position:absolute;left:618px;top:140.2px;">51,088</div><div id="a95193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.2px;">Goodwill </div><div id="a95196" style="position:absolute;left:413.96px;top:155.2px;">29,384</div><div id="a95200" style="position:absolute;left:534.28px;top:155.2px;">(82)</div><div id="a95204" style="position:absolute;left:618px;top:155.2px;">29,302</div><div id="a95209" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:170.9px;">Total assets purchased </div><div id="a95212" style="position:absolute;left:407.24px;top:170.9px;">152,929</div><div id="a95216" style="position:absolute;left:545.84px;top:170.9px;">7</div><div id="a95220" style="position:absolute;left:611.28px;top:170.9px;">152,936</div><div id="a95224" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.2px;">Long-term debt included current portions </div><div id="a95229" style="position:absolute;left:430.6px;top:185.2px;">485</div><div id="a95233" style="position:absolute;left:539.28px;top:185.2px;">—</div><div id="a95237" style="position:absolute;left:634.64px;top:185.2px;">485</div><div id="a95241" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200.2px;">Accounts payable, accrued expenses and other accrued<div style="display:inline-block;width:4.7px"> </div>liabilities </div><div id="a95245" style="position:absolute;left:413.96px;top:200.2px;">13,488</div><div id="a95249" style="position:absolute;left:527.56px;top:200.2px;">(732)</div><div id="a95253" style="position:absolute;left:618px;top:200.2px;">12,756</div><div id="a95257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.2px;">Deferred tax liabilities </div><div id="a95260" style="position:absolute;left:413.96px;top:215.2px;">12,746</div><div id="a95264" style="position:absolute;left:532.52px;top:215.2px;">905</div><div id="a95268" style="position:absolute;left:618px;top:215.2px;">13,651</div><div id="a95272" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.1px;">Long-term lease liabilities </div><div id="a95277" style="position:absolute;left:420.52px;top:230.1px;">8,594</div><div id="a95281" style="position:absolute;left:539.28px;top:230.1px;">—</div><div id="a95285" style="position:absolute;left:624.56px;top:230.1px;">8,594</div><div id="a95290" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:246.9px;">Total liabilities assumed </div><div id="a95293" style="position:absolute;left:413.96px;top:246.9px;">35,313</div><div id="a95297" style="position:absolute;left:532.52px;top:246.9px;">173</div><div id="a95301" style="position:absolute;left:618px;top:246.9px;">35,486</div><div id="a95306" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:263.9px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Norman Hay </div><div id="a95309" style="position:absolute;left:407.24px;top:263.9px;">117,616</div><div id="a95313" style="position:absolute;left:527.56px;top:263.9px;">(166)</div><div id="a95317" style="position:absolute;left:611.28px;top:263.9px;">117,450</div><div id="a95322" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:280.8px;">Less: estimated purchase price settlement (2) </div><div id="a95325" style="position:absolute;left:420.52px;top:280.8px;">3,287</div><div id="a95329" style="position:absolute;left:517.64px;top:280.8px;">(3,287)</div><div id="a95333" style="position:absolute;left:641.36px;top:280.8px;">—</div><div id="a95338" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:297.8px;">Less: cash acquired </div><div id="a95341" style="position:absolute;left:413.96px;top:297.8px;">18,981</div><div id="a95345" style="position:absolute;left:539.28px;top:297.8px;">—</div><div id="a95349" style="position:absolute;left:618px;top:297.8px;">18,981</div><div id="a95354" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:314.9px;">Net cash paid for Norman Hay </div><div id="a95356" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:314.9px;">$ </div><div id="a95358" style="position:absolute;left:413.96px;top:314.9px;">95,348</div><div id="a95361" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:314.9px;">$ </div><div id="a95363" style="position:absolute;left:522.44px;top:314.9px;">3,121</div><div id="a95366" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:314.9px;">$ </div><div id="a95368" style="position:absolute;left:618px;top:314.9px;">98,469</div></div><div id="TextBlockContainer736" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95371" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">(1) As previously disclosed in the Company’s<div style="display:inline-block;width:5.2px"> </div>2019 Form 10-K. </div><div id="a95393" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:15.4px;">(2) The Company finalized its post-closing adjustments for<div style="display:inline-block;width:4.76px"> </div>the Norman Hay acquisition and paid approximately </div><div id="a95393_109_3" style="position:absolute;left:630.319px;top:15.4px;">2.5</div><div id="a95393_112_13" style="position:absolute;font-weight:normal;font-style:normal;left:646.959px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million GBP </div><div id="a95432" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:30.7px;">during the first quarter of 2020 to settle such adjustments. </div><div id="a95452" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:54.1px;">During 2020, the allocation of the purchase price for<div style="display:inline-block;width:4.75px"> </div>Norman Hay was finalized and the </div><div id="a95452_87_8" style="position:absolute;left:501px;top:54.1px;-sec-ix-hidden:ID_2550;">one-year</div><div id="a95452_95_32" style="position:absolute;font-weight:normal;font-style:normal;left:547.72px;top:54.1px;"><div style="display:inline-block;width:3.2px"> </div>measurement period has ended.<div style="display:inline-block;width:4.15px"> </div></div><div id="a95495" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">The Company allocated $</div><div id="a95495_23_4" style="position:absolute;left:141.893px;top:69.3px;">51.1</div><div id="a95495_27_67" style="position:absolute;font-weight:normal;font-style:normal;left:165.093px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>million of the purchase price to intangible assets, comprised<div style="display:inline-block;width:4.74px"> </div>of $</div><div id="a95495_94_4" style="position:absolute;left:513.479px;top:69.3px;">36.9</div><div id="a95495_98_36" style="position:absolute;font-weight:normal;font-style:normal;left:536.84px;top:69.3px;"><div style="display:inline-block;width:3.2px"> </div>million of customer relationships, </div><div id="a95533" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">to be amortized over </div><div id="a95533_21_2" style="position:absolute;left:117.893px;top:84.7px;">13</div><div id="a95533_23_4" style="position:absolute;font-weight:normal;font-style:normal;left:131.173px;top:84.7px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a95533_27_2" style="position:absolute;left:148.293px;top:84.7px;">17</div><div id="a95533_29_9" style="position:absolute;font-weight:normal;font-style:normal;left:161.573px;top:84.7px;"><div style="display:inline-block;width:3.2px"> </div>years; $</div><div id="a95533_38_3" style="position:absolute;left:206.693px;top:84.7px;">7.5</div><div id="a95533_41_62" style="position:absolute;font-weight:normal;font-style:normal;left:223.533px;top:84.7px;"><div style="display:inline-block;width:3.2px"> </div>million of existing product technology,<div style="display:inline-block;width:5.07px"> </div>to be amortized over </div><div id="a95533_103_2" style="position:absolute;left:551.879px;top:84.7px;">20</div><div id="a95533_105_9" style="position:absolute;font-weight:normal;font-style:normal;left:565.319px;top:84.7px;"><div style="display:inline-block;width:3.2px"> </div>years; $</div><div id="a95533_114_3" style="position:absolute;left:610.479px;top:84.7px;">6.3</div><div id="a95533_117_12" style="position:absolute;font-weight:normal;font-style:normal;left:627.119px;top:84.7px;"><div style="display:inline-block;width:3.36px"> </div>million of </div><div id="a95580" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">trademarks, to be amortized over </div><div id="a95580_33_2" style="position:absolute;left:183.813px;top:100px;">16</div><div id="a95580_35_4" style="position:absolute;font-weight:normal;font-style:normal;left:197.093px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a95580_39_2" style="position:absolute;left:214.213px;top:100px;">17</div><div id="a95580_41_13" style="position:absolute;font-weight:normal;font-style:normal;left:227.533px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>years; and $</div><div id="a95580_54_3" style="position:absolute;left:295.373px;top:100px;">0.4</div><div id="a95580_57_57" style="position:absolute;font-weight:normal;font-style:normal;left:312.013px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million of non-compete agreements, to be amortized over </div><div id="a95580_114_1" style="position:absolute;left:625.359px;top:100px;">2</div><div id="a95580_115_4" style="position:absolute;font-weight:normal;font-style:normal;left:632.079px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a95580_119_2" style="position:absolute;left:648.879px;top:100px;">11</div><div id="a95580_121_12" style="position:absolute;font-weight:normal;font-style:normal;left:662.319px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.74px"> </div>In </div><div id="a95630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">addition, the Company recorded $</div><div id="a95630_32_4" style="position:absolute;left:186.373px;top:115.4px;">29.3</div><div id="a95630_36_95" style="position:absolute;font-weight:normal;font-style:normal;left:209.733px;top:115.4px;"><div style="display:inline-block;width:3.36px"> </div>million of goodwill related to expected value not allocated to<div style="display:inline-block;width:4.71px"> </div>other acquired assets, none of </div><div id="a95673" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">which will be tax deductible.<div style="display:inline-block;width:7.36px"> </div>Factors contributing to the purchase price that resulted<div style="display:inline-block;width:4.82px"> </div>in goodwill included the acquisition of </div><div id="a95711" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">management, business processes and personnel that<div style="display:inline-block;width:4.73px"> </div>will allow Quaker Houghton to better serve its customers.<div style="display:inline-block;width:8.05px"> </div></div><div id="a95742" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:169.3px;">The results of operations of Norman Hay are included<div style="display:inline-block;width:4.85px"> </div>in the Consolidated Statements of Income as of October 1, 2019.<div style="display:inline-block;width:4.5px"> </div></div><div id="a95782" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.7px;">Transaction expenses associated with<div style="display:inline-block;width:4.77px"> </div>this acquisition are included in Combination,<div style="display:inline-block;width:4.59px"> </div>integration and other acquisition-related expenses </div><div id="a95815" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">in the Company’s Consolidated<div style="display:inline-block;width:4.93px"> </div>Statements of Income.<div style="display:inline-block;width:7.32px"> </div>Certain pro forma and other information is not presented, as the operations<div style="display:inline-block;width:4.86px"> </div>of </div><div id="a95856" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">Norman Hay are not considered material to the overall<div style="display:inline-block;width:4.79px"> </div>operations of the Company for the periods presented.</div></div><div id="TextBlockContainer738" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95890" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:0px;">Coral Chemical Company </div><div id="a95896" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">In </div><div id="a95896_3_13" style="position:absolute;left:43.019px;top:23.2px;-sec-ix-hidden:ID_2581;">December 2020</div><div id="a95896_16_43" style="position:absolute;font-weight:normal;font-style:normal;left:127.813px;top:23.2px;">, the Company completed its acquisition of </div><div id="a95896_59_22" style="position:absolute;left:360.333px;top:23.2px;">Coral Chemical Company</div><div id="a95896_81_41" style="position:absolute;font-weight:normal;font-style:normal;left:499.56px;top:23.2px;"><div style="display:inline-block;width:3.36px"> </div>(“Coral”), a privately held, U.S.-based </div><div id="a95936" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">provider of metal finishing fluid solutions.<div style="display:inline-block;width:7.77px"> </div>The acquisition provides<div style="display:inline-block;width:3.9px"> </div>technical expertise and product solutions for pre-treatment, </div><div id="a95972" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54px;">metalworking and wastewater treatment applications<div style="display:inline-block;width:4.77px"> </div>to the beverage cans and general industrial end markets.<div style="display:inline-block;width:7.93px"> </div>The acquired Coral </div><div id="a96008" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">assets and liabilities were assigned to the Americas and Global<div style="display:inline-block;width:4.72px"> </div>Specialty Businesses reportable segments.<div style="display:inline-block;width:7.67px"> </div>The original purchase price </div><div id="a96047" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">was approximately $</div><div id="a96047_19_4" style="position:absolute;left:115.653px;top:84.7px;">54.1</div><div id="a96047_23_103" style="position:absolute;font-weight:normal;font-style:normal;left:139.013px;top:84.7px;"><div style="display:inline-block;width:3.36px"> </div>million, subject to routine and customary post-closing adjustments related<div style="display:inline-block;width:4.88px"> </div>to working capital and net </div><div id="a96084" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">indebtedness levels.</div></div><div id="TextBlockContainer740" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:519px;height:16px;display:inline-block;"><div id="a96138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the preliminary estimated fair<div style="display:inline-block;width:4.68px"> </div>values of Coral net assets acquired:</div></div><div id="TextBlockContainer743" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a96169" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:0px;">December 22, </div><div id="a96175" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:17px;">2020 </div><div id="a96179" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Cash and cash equivalents </div><div id="a96181" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a96183" style="position:absolute;left:634.64px;top:33.9px;">958</div><div id="a96187" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:48.2px;">Accounts receivable </div><div id="a96190" style="position:absolute;left:624.56px;top:48.2px;">8,473</div><div id="a96194" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:63.2px;">Inventories </div><div id="a96197" style="position:absolute;left:624.56px;top:63.2px;">4,527</div><div id="a96201" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:78.2px;">Prepaid expenses and other assets </div><div id="a96204" style="position:absolute;left:634.64px;top:78.2px;">181</div><div id="a96208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:93.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a96211" style="position:absolute;left:618px;top:93.1px;">10,467</div><div id="a96215" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108.2px;">Intangible assets </div><div id="a96218" style="position:absolute;left:618px;top:108.2px;">30,300</div><div id="a96222" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Goodwill </div><div id="a96225" style="position:absolute;left:624.56px;top:123.2px;">2,814</div><div id="a96230" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:138.9px;">Total assets purchased </div><div id="a96234" style="position:absolute;left:618px;top:138.9px;">57,720</div><div id="a96238" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Long-term debt included current portions </div><div id="a96243" style="position:absolute;left:634.64px;top:153.1px;">183</div><div id="a96247" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.2px;">Accounts payable, accrued expenses and other accrued liabilities </div><div id="a96250" style="position:absolute;left:624.56px;top:168.2px;">3,482</div><div id="a96255" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:184.8px;">Total liabilities assumed </div><div id="a96258" style="position:absolute;left:624.56px;top:184.8px;">3,665</div><div id="a96263" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:202px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Coral </div><div id="a96266" style="position:absolute;left:618px;top:202px;">54,055</div><div id="a96271" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:218.9px;">Less: cash acquired </div><div id="a96275" style="position:absolute;left:634.64px;top:218.9px;">958</div><div id="a96280" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:235.9px;">Net cash paid for Coral </div><div id="a96282" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:235.9px;">$ </div><div id="a96284" style="position:absolute;left:618px;top:235.9px;">53,097</div></div><div id="TextBlockContainer746" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:257px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a96287" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company allocated $</div><div id="a96287_23_4" style="position:absolute;left:165.893px;top:0px;">30.3</div><div id="a96287_27_67" style="position:absolute;font-weight:normal;font-style:normal;left:189.093px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million of the purchase price to intangible assets, comprised<div style="display:inline-block;width:4.74px"> </div>of $</div><div id="a96287_94_4" style="position:absolute;left:537.479px;top:0px;">22.0</div><div id="a96287_98_21" style="position:absolute;font-weight:normal;font-style:normal;left:560.84px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>million of customer </div><div id="a96325" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">relationships, to be amortized over </div><div id="a96325_36_2" style="position:absolute;left:192.773px;top:15.4px;">21</div><div id="a96325_38_4" style="position:absolute;font-weight:normal;font-style:normal;left:206.053px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a96325_42_2" style="position:absolute;left:223.053px;top:15.4px;">24</div><div id="a96325_44_9" style="position:absolute;font-weight:normal;font-style:normal;left:236.493px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>years; $</div><div id="a96325_53_3" style="position:absolute;left:281.613px;top:15.4px;">4.7</div><div id="a96325_56_62" style="position:absolute;font-weight:normal;font-style:normal;left:298.253px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million of existing product technology,<div style="display:inline-block;width:5.23px"> </div>to be amortized over </div><div id="a96325_118_2" style="position:absolute;left:626.799px;top:15.4px;">14</div><div id="a96325_120_4" style="position:absolute;font-weight:normal;font-style:normal;left:640.239px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>to </div><div id="a96325_124_2" style="position:absolute;left:657.199px;top:15.4px;">15</div><div id="a96325_126_8" style="position:absolute;font-weight:normal;font-style:normal;left:670.639px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>years; </div><div id="a96372" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">$</div><div id="a96372_1_3" style="position:absolute;left:11.147px;top:30.7px;">3.6</div><div id="a96372_4_45" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million of trademarks, to be amortized over </div><div id="a96372_49_2" style="position:absolute;left:266.733px;top:30.7px;">17</div><div id="a96372_51_44" style="position:absolute;font-weight:normal;font-style:normal;left:280.173px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>years.<div style="display:inline-block;width:6.9px"> </div>In addition, the Company recorded $</div><div id="a96372_95_3" style="position:absolute;left:517.959px;top:30.7px;">2.8</div><div id="a96372_98_32" style="position:absolute;font-weight:normal;font-style:normal;left:534.599px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million of goodwill related to </div><div id="a96417" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">expected value not allocated to other acquired assets, none<div style="display:inline-block;width:4.74px"> </div>of which will be tax deductible.<div style="display:inline-block;width:7.38px"> </div>Factors contributing to the purchase price </div><div id="a96459" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">that resulted in goodwill included the acquisition of<div style="display:inline-block;width:4.6px"> </div>management, business processes and personnel that will<div style="display:inline-block;width:4.75px"> </div>allow Quaker Houghton </div><div id="a96496" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">to better serve its customers.<div style="display:inline-block;width:7.33px"> </div></div><div id="a96507" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:97.3px;">As of December 31, 2020, the allocation of the purchase<div style="display:inline-block;width:4.74px"> </div>price for Coral has not been finalized and the </div><div id="a96507_103_8" style="position:absolute;left:577.039px;top:97.3px;-sec-ix-hidden:ID_2551;">one-year</div><div id="a96507_111_13" style="position:absolute;font-weight:normal;font-style:normal;left:623.759px;top:97.3px;"><div style="display:inline-block;width:3.2px"> </div>measurement </div><div id="a96554" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">period has not ended.<div style="display:inline-block;width:7.24px"> </div>Further adjustments may be necessary as a result of the<div style="display:inline-block;width:4.81px"> </div>Company’s on-going assessment of<div style="display:inline-block;width:4.83px"> </div>additional </div><div id="a96594" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">information related to the fair value of assets acquired<div style="display:inline-block;width:4.86px"> </div>and liabilities assumed.<div style="display:inline-block;width:7.09px"> </div>The preliminary purchase price allocations are based </div><div id="a96632" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.4px;">upon the valuation of assets and these estimates and assumptions<div style="display:inline-block;width:4.82px"> </div>are subject to change as the Company obtains additional information </div><div id="a96673" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.7px;">during the measurement period.<div style="display:inline-block;width:7.45px"> </div>These assets pending finalization include fixed assets and intangible<div style="display:inline-block;width:4.8px"> </div>assets which could also result in </div><div id="a96713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:174.1px;">adjustments to goodwill.<div style="display:inline-block;width:7.15px"> </div></div><div id="a96722" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:194.7px;">The results of operations of Coral subsequent to the<div style="display:inline-block;width:4.71px"> </div>acquisition date are included in the Consolidated Statements of<div style="display:inline-block;width:4.72px"> </div>Income as of </div><div id="a96764" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:209.9px;">December 31, 2020.<div style="display:inline-block;width:7.23px"> </div>Transaction expenses associated with this acquisition<div style="display:inline-block;width:4.87px"> </div>are included in Combination,<div style="display:inline-block;width:4.14px"> </div>integration and other </div><div id="a96800" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:225.3px;">acquisition-related expenses in the Company’s<div style="display:inline-block;width:5.29px"> </div>Consolidated Statements of Income.<div style="display:inline-block;width:7.51px"> </div>Certain pro forma and other information is not </div><div id="a96837" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:240.7px;">presented, as the operations of Coral are not considered<div style="display:inline-block;width:4.63px"> </div>material to the overall operations of the Company for the<div style="display:inline-block;width:4.66px"> </div>periods presented.</div></div><div id="TextBlockContainer748" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a96879" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Other Acquisitions </div><div id="a96883" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">In February 2021, the Company acquired certain assets related<div style="display:inline-block;width:4.93px"> </div>to tin-plating solutions in the steel end market for approximately </div><div id="a96923" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">$</div><div id="a96923_1_2" style="position:absolute;left:11.147px;top:36px;">25</div><div id="a96923_3_131" style="position:absolute;font-weight:normal;font-style:normal;left:24.587px;top:36px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.82px"> </div>The results of operations of the acquired assets are not<div style="display:inline-block;width:4.73px"> </div>included in the Consolidated Statements of Income, because the </div><div id="a96965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">date of closing was after December 31, 2020.<div style="display:inline-block;width:7.91px"> </div>Transaction expenses associated with this acquisition<div style="display:inline-block;width:4.83px"> </div>that were incurred during the year </div><div id="a97005" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.7px;">ended December 31, 2020 are included in Combination,<div style="display:inline-block;width:4.7px"> </div>integration and other acquisition-related expenses in the Company’s </div><div id="a97040" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:82.1px;">Consolidated Statements of Income.<div style="display:inline-block;width:7.67px"> </div>A preliminary purchase price allocation of assets acquired<div style="display:inline-block;width:4.71px"> </div>and liabilities assumed has not been </div><div id="a97076" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.4px;">presented as that information is not available as of<div style="display:inline-block;width:4.75px"> </div>the date of these Consolidated Financial Statements. </div><div id="a97108" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:118.1px;">In May 2020, the Company acquired Tel<div style="display:inline-block;width:5.47px"> </div>Nordic ApS (“TEL”), a company that specializes in lubricants and engineering<div style="display:inline-block;width:4.89px"> </div>primarily </div><div id="a97146" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:133.4px;">in high pressure aluminum die casting for its Europe,<div style="display:inline-block;width:4.8px"> </div>Middle East and Africa (“EMEA”) reportable segment.<div style="display:inline-block;width:7.78px"> </div>Consideration paid was </div><div id="a97185" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:148.7px;">in the form of a convertible promissory note in the amount<div style="display:inline-block;width:4.8px"> </div>of </div><div id="a97185_62_4" style="position:absolute;left:334.893px;top:148.7px;">20.0</div><div id="a97185_66_32" style="position:absolute;font-weight:normal;font-style:normal;left:358.253px;top:148.7px;"><div style="display:inline-block;width:3.36px"> </div>million DKK, or approximately $</div><div id="a97185_98_3" style="position:absolute;left:540.52px;top:148.7px;">2.9</div><div id="a97185_101_20" style="position:absolute;font-weight:normal;font-style:normal;left:557.16px;top:148.7px;"><div style="display:inline-block;width:3.36px"> </div>million, which was </div><div id="a97227" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:164px;">subsequently converted into shares of the Company’s<div style="display:inline-block;width:5.3px"> </div>common stock.<div style="display:inline-block;width:7.17px"> </div>An adjustment to the purchase price of approximately </div><div id="a97227_120_3" style="position:absolute;left:671.44px;top:164px;">0.4</div><div id="a97227_123_1" style="position:absolute;font-weight:normal;font-style:normal;left:688.24px;top:164px;"> </div><div id="a97264" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:179.4px;">million DKK, or less than $</div><div id="a97264_27_3" style="position:absolute;left:152.773px;top:179.4px;">0.1</div><div id="a97264_30_107" style="position:absolute;font-weight:normal;font-style:normal;left:169.253px;top:179.4px;"><div style="display:inline-block;width:3.36px"> </div>million, was made as a result of finalizing a post-closing<div style="display:inline-block;width:4.82px"> </div>settlement in the second quarter of 2020.<div style="display:inline-block;width:7.57px"> </div>The </div><div id="a97314" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:194.8px;">Company allocated approximately $</div><div id="a97314_33_3" style="position:absolute;left:198.213px;top:194.8px;">2.4</div><div id="a97314_36_73" style="position:absolute;font-weight:normal;font-style:normal;left:214.853px;top:194.8px;"><div style="display:inline-block;width:3.4px"> </div>million of the purchase price to intangible assets to be amortized<div style="display:inline-block;width:4.74px"> </div>over </div><div id="a97314_109_2" style="position:absolute;left:593.04px;top:194.8px;">17</div><div id="a97314_111_22" style="position:absolute;font-weight:normal;font-style:normal;left:606.48px;top:194.8px;"><div style="display:inline-block;width:3.2px"> </div>years.<div style="display:inline-block;width:6.9px"> </div>In addition, </div><div id="a97355" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:210.1px;">the Company recorded approximately $</div><div id="a97355_36_3" style="position:absolute;left:216.293px;top:210.1px;">0.5</div><div id="a97355_39_93" style="position:absolute;font-weight:normal;font-style:normal;left:232.973px;top:210.1px;"><div style="display:inline-block;width:3.36px"> </div>million of goodwill, related to expected value not allocated to<div style="display:inline-block;width:4.71px"> </div>other acquired assets, none </div><div id="a97393" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:225.3px;">of which will be tax deductible.<div style="display:inline-block;width:7.54px"> </div>The allocation of the purchase price of TEL has not been<div style="display:inline-block;width:4.58px"> </div>finalized and the one-year measurement </div><div id="a97440" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:240.7px;">period has not ended.<div style="display:inline-block;width:7.24px"> </div>Further adjustments may be necessary as a result of the<div style="display:inline-block;width:4.81px"> </div>Company’s on-going assessment of<div style="display:inline-block;width:4.83px"> </div>additional </div><div id="a97480" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:256px;">information related to the fair value of assets acquired<div style="display:inline-block;width:4.86px"> </div>and liabilities assumed.</div></div><div id="TextBlockContainer750" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:721px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a97556" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">In March 2020, the Company acquired the remaining </div><div id="a97556_50_2" style="position:absolute;left:315.693px;top:0px;">49</div><div id="a97556_52_68" style="position:absolute;font-weight:normal;font-style:normal;left:328.973px;top:0px;">% ownership interest in one of its South African affiliates,<div style="display:inline-block;width:4.76px"> </div>Quaker </div><div id="a97595" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Chemical South Africa Limited (“QSA”) for </div><div id="a97595_42_4" style="position:absolute;left:245.933px;top:15.4px;">16.7</div><div id="a97595_46_32" style="position:absolute;font-weight:normal;font-style:normal;left:269.293px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million ZAR, or approximately $</div><div id="a97595_78_3" style="position:absolute;left:449.32px;top:15.4px;">1.0</div><div id="a97595_81_44" style="position:absolute;font-weight:normal;font-style:normal;left:466.12px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>million, from its joint venture partner PQ </div><div id="a97633" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Holdings South Africa.<div style="display:inline-block;width:7.34px"> </div>QSA is a part of the Company’s<div style="display:inline-block;width:4.77px"> </div>EMEA reportable segment.<div style="display:inline-block;width:7.48px"> </div>As this acquisition was a change in an existing </div><div id="a97677" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">controlling ownership, the Company recorded $</div><div id="a97677_45_3" style="position:absolute;left:260.013px;top:46.1px;">0.7</div><div id="a97677_48_80" style="position:absolute;font-weight:normal;font-style:normal;left:276.813px;top:46.1px;"><div style="display:inline-block;width:3.2px"> </div>million of excess purchase price over the carrying value of<div style="display:inline-block;width:4.8px"> </div>the noncontrolling </div><div id="a97713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">interest in Capital in excess of par value.<div style="display:inline-block;width:4.45px"> </div></div><div id="a97729" style="position:absolute;font-weight:normal;font-style:italic;left:228.173px;top:61.4px;"> </div><div id="a97730" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:82.1px;">In March 2018, the Company purchased certain formulations<div style="display:inline-block;width:4.82px"> </div>and product technology for the mining industry for $</div><div id="a97730_110_3" style="position:absolute;left:639.439px;top:82.1px;">1.0</div><div id="a97730_113_11" style="position:absolute;font-weight:normal;font-style:normal;left:656.079px;top:82.1px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:3.43px"> </div></div><div id="a97766" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">The Company allocated the entire purchase price to intangible<div style="display:inline-block;width:4.71px"> </div>assets representing formulations and product technology,<div style="display:inline-block;width:5.62px"> </div>to be </div><div id="a97801" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">amortized over </div><div id="a97801_15_2" style="position:absolute;left:88.299px;top:112.6px;">10</div><div id="a97801_17_77" style="position:absolute;font-weight:normal;font-style:normal;left:101.573px;top:112.6px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.74px"> </div>In accordance with the terms of the applicable purchase agreement,<div style="display:inline-block;width:4.81px"> </div>$</div><div id="a97801_94_3" style="position:absolute;left:512.2px;top:112.6px;">0.5</div><div id="a97801_97_35" style="position:absolute;font-weight:normal;font-style:normal;left:528.84px;top:112.6px;"><div style="display:inline-block;width:3.36px"> </div>million of the purchase price was </div><div id="a97843" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">paid at signing, and the remaining $</div><div id="a97843_36_3" style="position:absolute;left:195.973px;top:128px;">0.5</div><div id="a97843_39_73" style="position:absolute;font-weight:normal;font-style:normal;left:212.773px;top:128px;"><div style="display:inline-block;width:3.36px"> </div>million of the purchase price was paid during the first quarter of 2019.</div></div> 2019-08-01 37000000 0.03 <div id="TextBlockContainer707" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91983" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Cash transferred to Houghton shareholders (a) </div><div id="a91986" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:0px;">$ </div><div id="a91988" style="position:absolute;left:611.28px;top:0px;">170,829</div><div id="a91992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.6px;">Cash paid to extinguish Houghton debt obligations </div><div id="a91995" style="position:absolute;left:611.28px;top:16.6px;">702,556</div><div id="a91999" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.6px;">Fair value of common stock issued as consideration (b) </div><div id="a92002" style="position:absolute;left:611.28px;top:33.6px;">789,080</div><div id="a92007" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.7px;">Total fair value<div style="display:inline-block;width:4.67px"> </div>of consideration transferred </div><div id="a92009" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.7px;">$ </div><div id="a92011" style="position:absolute;left:601.36px;top:50.7px;">1,662,465</div></div><div id="TextBlockContainer711" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92014" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">(a)<div style="display:inline-block;width:10.25px"> </div>A portion is held in escrow by a third party,<div style="display:inline-block;width:5.18px"> </div>subject to indemnification rights that lapse upon the achievement<div style="display:inline-block;width:4.86px"> </div>of certain </div><div id="a92058" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:15.4px;">milestones. </div><div id="a92060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">(b)<div style="display:inline-block;width:10.31px"> </div>Amount was determined based on approximately </div><div id="a92060_51_3" style="position:absolute;left:295.373px;top:30.7px;">4.3</div><div id="a92060_54_28" style="position:absolute;font-weight:normal;font-style:normal;left:312.013px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million shares, comprising </div><div id="a92060_82_4" style="position:absolute;left:460.52px;top:30.7px;">24.5</div><div id="a92060_86_37" style="position:absolute;font-weight:normal;font-style:normal;left:483.72px;top:30.7px;">% of the common stock of the Company </div><div id="a92099" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:46.1px;">immediately after the closing, and the closing price per<div style="display:inline-block;width:4.73px"> </div>share of Quaker Chemical Corporation common stock<div style="display:inline-block;width:4.57px"> </div>of $</div><div id="a92099_111_6" style="position:absolute;left:638.959px;top:46.1px;">182.27</div><div id="a92099_117_4" style="position:absolute;font-weight:normal;font-style:normal;left:675.759px;top:46.1px;"><div style="display:inline-block;width:3.2px"> </div>on </div><div id="a92137" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:61.4px;">August 1, 2019.</div></div> 170829000 702556000 789080000 1662465000 4300000 0.245 182.27 <div id="TextBlockContainer715" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:378px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92496" style="position:absolute;font-weight:bold;font-style:normal;left:472.2px;top:0px;">Measurement </div><div id="a92504" style="position:absolute;font-weight:bold;font-style:normal;left:382.44px;top:17px;">August 1, </div><div id="a92507" style="position:absolute;font-weight:bold;font-style:normal;left:492.52px;top:17px;">Period </div><div id="a92510" style="position:absolute;font-weight:bold;font-style:normal;left:571.44px;top:17px;">August 1, 2019 </div><div id="a92517" style="position:absolute;font-weight:bold;font-style:normal;left:386.76px;top:33.9px;">2019 (1) </div><div id="a92520" style="position:absolute;font-weight:bold;font-style:normal;left:475.08px;top:33.9px;">Adjustments </div><div id="a92523" style="position:absolute;font-weight:bold;font-style:normal;left:577.04px;top:33.9px;">(as adjusted) </div><div id="a92527" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.7px;">Cash and cash equivalents </div><div id="a92529" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.7px;">$ </div><div id="a92531" style="position:absolute;left:413.96px;top:50.7px;">75,821</div><div id="a92534" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.7px;">$ </div><div id="a92536" style="position:absolute;left:539.28px;top:50.7px;">—</div><div id="a92539" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.7px;">$ </div><div id="a92541" style="position:absolute;left:618px;top:50.7px;">75,821</div><div id="a92545" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.1px;">Accounts receivable </div><div id="a92548" style="position:absolute;left:407.24px;top:65.1px;">178,922</div><div id="a92552" style="position:absolute;left:539.28px;top:65.1px;">—</div><div id="a92556" style="position:absolute;left:611.28px;top:65.1px;">178,922</div><div id="a92560" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.2px;">Inventories </div><div id="a92563" style="position:absolute;left:413.96px;top:80.2px;">95,193</div><div id="a92567" style="position:absolute;left:539.28px;top:80.2px;">—</div><div id="a92571" style="position:absolute;left:618px;top:80.2px;">95,193</div><div id="a92575" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:95.2px;">Prepaid expenses and other assets </div><div id="a92578" style="position:absolute;left:413.96px;top:95.2px;">10,652</div><div id="a92582" style="position:absolute;left:532.52px;top:95.2px;">666</div><div id="a92586" style="position:absolute;left:618px;top:95.2px;">11,318</div><div id="a92590" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a92593" style="position:absolute;left:407.24px;top:110.1px;">115,529</div><div id="a92597" style="position:absolute;left:534.28px;top:110.1px;">(66)</div><div id="a92601" style="position:absolute;left:611.28px;top:110.1px;">115,463</div><div id="a92605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.1px;">Right of use lease assets </div><div id="a92608" style="position:absolute;left:413.96px;top:125.1px;">10,673</div><div id="a92612" style="position:absolute;left:539.28px;top:125.1px;">—</div><div id="a92616" style="position:absolute;left:618px;top:125.1px;">10,673</div><div id="a92620" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.2px;">Investments in associated companies </div><div id="a92623" style="position:absolute;left:413.96px;top:140.2px;">66,447</div><div id="a92627" style="position:absolute;left:539.28px;top:140.2px;">—</div><div id="a92631" style="position:absolute;left:618px;top:140.2px;">66,447</div><div id="a92635" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.2px;">Other non-current assets </div><div id="a92640" style="position:absolute;left:420.52px;top:155.2px;">4,710</div><div id="a92644" style="position:absolute;left:522.44px;top:155.2px;">1,553</div><div id="a92648" style="position:absolute;left:624.56px;top:155.2px;">6,263</div><div id="a92652" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Intangible assets </div><div id="a92655" style="position:absolute;left:397.32px;top:170.1px;">1,028,400</div><div id="a92659" style="position:absolute;left:539.28px;top:170.1px;">—</div><div id="a92663" style="position:absolute;left:601.36px;top:170.1px;">1,028,400</div><div id="a92667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.1px;">Goodwill </div><div id="a92670" style="position:absolute;left:407.24px;top:185.1px;">494,915</div><div id="a92674" style="position:absolute;left:522.44px;top:185.1px;">4,625</div><div id="a92678" style="position:absolute;left:611.28px;top:185.1px;">499,540</div><div id="a92683" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:200.8px;">Total assets purchased </div><div id="a92686" style="position:absolute;left:397.32px;top:200.8px;">2,081,262</div><div id="a92690" style="position:absolute;left:522.44px;top:200.8px;">6,778</div><div id="a92694" style="position:absolute;left:601.36px;top:200.8px;">2,088,040</div><div id="a92698" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.2px;">Short-term borrowings, not refinanced at closing </div><div id="a92703" style="position:absolute;left:420.52px;top:215.2px;">9,297</div><div id="a92707" style="position:absolute;left:539.28px;top:215.2px;">—</div><div id="a92711" style="position:absolute;left:624.56px;top:215.2px;">9,297</div><div id="a92715" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.1px;">Accounts<div style="display:inline-block;width:3.64px"> </div>payable, accrued expenses and other accrued liabilities </div><div id="a92719" style="position:absolute;left:407.24px;top:230.1px;">150,078</div><div id="a92723" style="position:absolute;left:522.44px;top:230.1px;">1,127</div><div id="a92727" style="position:absolute;left:611.28px;top:230.1px;">151,205</div><div id="a92731" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:245.1px;">Deferred tax liabilities </div><div id="a92734" style="position:absolute;left:407.24px;top:245.1px;">205,082</div><div id="a92738" style="position:absolute;left:522.44px;top:245.1px;">4,098</div><div id="a92742" style="position:absolute;left:611.28px;top:245.1px;">209,180</div><div id="a92746" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:260.2px;">Long-term lease liabilities </div><div id="a92751" style="position:absolute;left:420.52px;top:260.2px;">6,607</div><div id="a92755" style="position:absolute;left:539.28px;top:260.2px;">—</div><div id="a92759" style="position:absolute;left:624.56px;top:260.2px;">6,607</div><div id="a92763" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.8px;">Other non-current liabilities </div><div id="a92768" style="position:absolute;left:413.96px;top:276.8px;">47,733</div><div id="a92772" style="position:absolute;left:522.44px;top:276.8px;">1,553</div><div id="a92776" style="position:absolute;left:618px;top:276.8px;">49,286</div><div id="a92781" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:293.8px;">Total liabilities assumed </div><div id="a92784" style="position:absolute;left:407.24px;top:293.8px;">418,797</div><div id="a92788" style="position:absolute;left:522.44px;top:293.8px;">6,778</div><div id="a92792" style="position:absolute;left:611.28px;top:293.8px;">425,575</div><div id="a92797" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:310.9px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Houghton </div><div id="a92800" style="position:absolute;left:397.32px;top:310.9px;">1,662,465</div><div id="a92804" style="position:absolute;left:539.28px;top:310.9px;">—</div><div id="a92808" style="position:absolute;left:601.36px;top:310.9px;">1,662,465</div><div id="a92813" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:327.9px;">Less: cash acquired </div><div id="a92816" style="position:absolute;left:413.96px;top:327.9px;">75,821</div><div id="a92820" style="position:absolute;left:539.28px;top:327.9px;">—</div><div id="a92824" style="position:absolute;left:618px;top:327.9px;">75,821</div><div id="a92829" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:344.9px;">Less: fair value of common stock issued as consideration </div><div id="a92832" style="position:absolute;left:407.24px;top:344.9px;">789,080</div><div id="a92836" style="position:absolute;left:539.28px;top:344.9px;">—</div><div id="a92840" style="position:absolute;left:611.28px;top:344.9px;">789,080</div><div id="a92845" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:361.8px;">Net cash paid for Houghton </div><div id="a92847" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:361.8px;">$ </div><div id="a92849" style="position:absolute;left:407.24px;top:361.8px;">797,564</div><div id="a92852" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:361.8px;">$ </div><div id="a92854" style="position:absolute;left:539.28px;top:361.8px;">—</div><div id="a92857" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:361.8px;">$ </div><div id="a92859" style="position:absolute;left:611.28px;top:361.8px;">797,564</div></div> 75821000 0 75821000 178922000 0 178922000 95193000 0 95193000 10652000 666000 11318000 115529000 -66000 115463000 10673000 0 10673000 66447000 0 66447000 4710000 1553000 6263000 1028400000 0 1028400000 494915000 4625000 499540000 2081262000 6778000 2088040000 9297000 0 9297000 150078000 1127000 151205000 205082000 4098000 209180000 6607000 0 6607000 47733000 1553000 49286000 418797000 6778000 425575000 1662465000 0 1662465000 75821000 0 75821000 789080000 0 789080000 797564000 0 797564000 1028400000 242000000.0 677300000 P15Y P18Y 109100000 P20Y 499500000 299800000 <div id="TextBlockContainer724" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_722_XBRL_TS_a5c2c518ac7f4887a864a2ba4e453009" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer723" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94262" style="position:absolute;font-weight:bold;font-style:normal;left:503.72px;top:0px;">For the years ending </div><div id="a94266" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:17.6px;">Unaudited Pro Forma<div style="display:inline-block;width:4.31px"> </div></div><div id="a94268" style="position:absolute;font-weight:bold;font-style:normal;left:521.96px;top:17.6px;"><div style="display:inline-block;width:3.36px"> </div>December 31, </div><div id="a94273" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:35.2px;">(as if the Combination occurred on<div style="display:inline-block;width:4.84px"> </div>January 1, 2018) </div><div id="a94275" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:35.2px;">2019 </div><div id="a94278" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:35.2px;">2018 </div><div id="a94282" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Net sales </div><div id="a94285" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:52.8px;">$ </div><div id="a94287" style="position:absolute;left:499.24px;top:52.8px;">1,562,427</div><div id="a94290" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:52.8px;">$ </div><div id="a94292" style="position:absolute;left:601.36px;top:52.8px;">1,654,588</div><div id="a94296" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Net income attributable to Quaker Chemical Corporation </div><div id="a94299" style="position:absolute;left:515.88px;top:70.4px;">94,537</div><div id="a94303" style="position:absolute;left:618px;top:70.4px;">35,337</div></div></div></div> 1562427000 1654588000 94537000 35337000 30300000 38000000.0 19500000 7500000 6600000 Norman Hay plc 80000000.0 <div id="TextBlockContainer734" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_732_XBRL_TS_14f18b728b54458d82bade5a3e317894" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer733" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95055" style="position:absolute;font-weight:bold;font-style:normal;left:472.2px;top:0px;">Measurement </div><div id="a95063" style="position:absolute;font-weight:bold;font-style:normal;left:379.56px;top:17px;">October 1, </div><div id="a95066" style="position:absolute;font-weight:bold;font-style:normal;left:492.52px;top:17px;">Period </div><div id="a95069" style="position:absolute;font-weight:bold;font-style:normal;left:568.56px;top:17px;">October 1, 2019 </div><div id="a95075" style="position:absolute;font-weight:bold;font-style:normal;left:386.76px;top:33.9px;">2019 (1) </div><div id="a95078" style="position:absolute;font-weight:bold;font-style:normal;left:475.08px;top:33.9px;">Adjustments </div><div id="a95081" style="position:absolute;font-weight:bold;font-style:normal;left:577.04px;top:33.9px;">(as adjusted) </div><div id="a95085" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Cash and cash equivalents </div><div id="a95087" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.9px;">$ </div><div id="a95089" style="position:absolute;left:413.96px;top:50.9px;">18,981</div><div id="a95092" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.9px;">$ </div><div id="a95094" style="position:absolute;left:539.28px;top:50.9px;">—</div><div id="a95097" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.9px;">$ </div><div id="a95099" style="position:absolute;left:618px;top:50.9px;">18,981</div><div id="a95103" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.1px;">Accounts receivable </div><div id="a95106" style="position:absolute;left:413.96px;top:65.1px;">15,471</div><div id="a95110" style="position:absolute;left:539.28px;top:65.1px;">—</div><div id="a95114" style="position:absolute;left:618px;top:65.1px;">15,471</div><div id="a95118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.2px;">Inventories </div><div id="a95121" style="position:absolute;left:420.52px;top:80.2px;">8,213</div><div id="a95125" style="position:absolute;left:534.28px;top:80.2px;">(49)</div><div id="a95129" style="position:absolute;left:624.56px;top:80.2px;">8,164</div><div id="a95133" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:95.2px;">Prepaid expenses and other assets </div><div id="a95136" style="position:absolute;left:420.52px;top:95.2px;">4,203</div><div id="a95140" style="position:absolute;left:532.52px;top:95.2px;">138</div><div id="a95144" style="position:absolute;left:624.56px;top:95.2px;">4,341</div><div id="a95148" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a95151" style="position:absolute;left:413.96px;top:110.1px;">14,981</div><div id="a95155" style="position:absolute;left:539.28px;top:110.1px;">—</div><div id="a95159" style="position:absolute;left:618px;top:110.1px;">14,981</div><div id="a95163" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.1px;">Right of use lease assets </div><div id="a95166" style="position:absolute;left:413.96px;top:125.1px;">10,608</div><div id="a95170" style="position:absolute;left:539.28px;top:125.1px;">—</div><div id="a95174" style="position:absolute;left:618px;top:125.1px;">10,608</div><div id="a95178" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.2px;">Intangible assets </div><div id="a95181" style="position:absolute;left:413.96px;top:140.2px;">51,088</div><div id="a95185" style="position:absolute;left:539.28px;top:140.2px;">—</div><div id="a95189" style="position:absolute;left:618px;top:140.2px;">51,088</div><div id="a95193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.2px;">Goodwill </div><div id="a95196" style="position:absolute;left:413.96px;top:155.2px;">29,384</div><div id="a95200" style="position:absolute;left:534.28px;top:155.2px;">(82)</div><div id="a95204" style="position:absolute;left:618px;top:155.2px;">29,302</div><div id="a95209" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:170.9px;">Total assets purchased </div><div id="a95212" style="position:absolute;left:407.24px;top:170.9px;">152,929</div><div id="a95216" style="position:absolute;left:545.84px;top:170.9px;">7</div><div id="a95220" style="position:absolute;left:611.28px;top:170.9px;">152,936</div><div id="a95224" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.2px;">Long-term debt included current portions </div><div id="a95229" style="position:absolute;left:430.6px;top:185.2px;">485</div><div id="a95233" style="position:absolute;left:539.28px;top:185.2px;">—</div><div id="a95237" style="position:absolute;left:634.64px;top:185.2px;">485</div><div id="a95241" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200.2px;">Accounts payable, accrued expenses and other accrued<div style="display:inline-block;width:4.7px"> </div>liabilities </div><div id="a95245" style="position:absolute;left:413.96px;top:200.2px;">13,488</div><div id="a95249" style="position:absolute;left:527.56px;top:200.2px;">(732)</div><div id="a95253" style="position:absolute;left:618px;top:200.2px;">12,756</div><div id="a95257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.2px;">Deferred tax liabilities </div><div id="a95260" style="position:absolute;left:413.96px;top:215.2px;">12,746</div><div id="a95264" style="position:absolute;left:532.52px;top:215.2px;">905</div><div id="a95268" style="position:absolute;left:618px;top:215.2px;">13,651</div><div id="a95272" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.1px;">Long-term lease liabilities </div><div id="a95277" style="position:absolute;left:420.52px;top:230.1px;">8,594</div><div id="a95281" style="position:absolute;left:539.28px;top:230.1px;">—</div><div id="a95285" style="position:absolute;left:624.56px;top:230.1px;">8,594</div><div id="a95290" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:246.9px;">Total liabilities assumed </div><div id="a95293" style="position:absolute;left:413.96px;top:246.9px;">35,313</div><div id="a95297" style="position:absolute;left:532.52px;top:246.9px;">173</div><div id="a95301" style="position:absolute;left:618px;top:246.9px;">35,486</div><div id="a95306" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:263.9px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Norman Hay </div><div id="a95309" style="position:absolute;left:407.24px;top:263.9px;">117,616</div><div id="a95313" style="position:absolute;left:527.56px;top:263.9px;">(166)</div><div id="a95317" style="position:absolute;left:611.28px;top:263.9px;">117,450</div><div id="a95322" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:280.8px;">Less: estimated purchase price settlement (2) </div><div id="a95325" style="position:absolute;left:420.52px;top:280.8px;">3,287</div><div id="a95329" style="position:absolute;left:517.64px;top:280.8px;">(3,287)</div><div id="a95333" style="position:absolute;left:641.36px;top:280.8px;">—</div><div id="a95338" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:297.8px;">Less: cash acquired </div><div id="a95341" style="position:absolute;left:413.96px;top:297.8px;">18,981</div><div id="a95345" style="position:absolute;left:539.28px;top:297.8px;">—</div><div id="a95349" style="position:absolute;left:618px;top:297.8px;">18,981</div><div id="a95354" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:314.9px;">Net cash paid for Norman Hay </div><div id="a95356" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:314.9px;">$ </div><div id="a95358" style="position:absolute;left:413.96px;top:314.9px;">95,348</div><div id="a95361" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:314.9px;">$ </div><div id="a95363" style="position:absolute;left:522.44px;top:314.9px;">3,121</div><div id="a95366" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:314.9px;">$ </div><div id="a95368" style="position:absolute;left:618px;top:314.9px;">98,469</div></div></div></div> 18981000 0 18981000 15471000 0 15471000 8213000 -49000 8164000 4203000 138000 4341000 14981000 0 14981000 10608000 0 10608000 51088000 0 51088000 29384000 -82000 29302000 152929000 7000 152936000 485000 0 485000 13488000 -732000 12756000 12746000 905000 13651000 8594000 0 8594000 35313000 173000 35486000 117616000 -166000 117450000 3287000 -3287000 0 18981000 0 18981000 95348000 3121000 98469000 2500000 51100000 36900000 P13Y P17Y 7500000 P20Y 6300000 P16Y P17Y 400000 P2Y P11Y 29300000 Coral Chemical Company 54100000 <div id="TextBlockContainer744" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_742_XBRL_TS_589ad426110a4ed6a1c41085bb396e2a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer743" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a96169" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:0px;">December 22, </div><div id="a96175" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:17px;">2020 </div><div id="a96179" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Cash and cash equivalents </div><div id="a96181" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a96183" style="position:absolute;left:634.64px;top:33.9px;">958</div><div id="a96187" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:48.2px;">Accounts receivable </div><div id="a96190" style="position:absolute;left:624.56px;top:48.2px;">8,473</div><div id="a96194" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:63.2px;">Inventories </div><div id="a96197" style="position:absolute;left:624.56px;top:63.2px;">4,527</div><div id="a96201" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:78.2px;">Prepaid expenses and other assets </div><div id="a96204" style="position:absolute;left:634.64px;top:78.2px;">181</div><div id="a96208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:93.1px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a96211" style="position:absolute;left:618px;top:93.1px;">10,467</div><div id="a96215" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108.2px;">Intangible assets </div><div id="a96218" style="position:absolute;left:618px;top:108.2px;">30,300</div><div id="a96222" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Goodwill </div><div id="a96225" style="position:absolute;left:624.56px;top:123.2px;">2,814</div><div id="a96230" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:138.9px;">Total assets purchased </div><div id="a96234" style="position:absolute;left:618px;top:138.9px;">57,720</div><div id="a96238" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Long-term debt included current portions </div><div id="a96243" style="position:absolute;left:634.64px;top:153.1px;">183</div><div id="a96247" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.2px;">Accounts payable, accrued expenses and other accrued liabilities </div><div id="a96250" style="position:absolute;left:624.56px;top:168.2px;">3,482</div><div id="a96255" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:184.8px;">Total liabilities assumed </div><div id="a96258" style="position:absolute;left:624.56px;top:184.8px;">3,665</div><div id="a96263" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:202px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Coral </div><div id="a96266" style="position:absolute;left:618px;top:202px;">54,055</div><div id="a96271" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:218.9px;">Less: cash acquired </div><div id="a96275" style="position:absolute;left:634.64px;top:218.9px;">958</div><div id="a96280" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:235.9px;">Net cash paid for Coral </div><div id="a96282" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:235.9px;">$ </div><div id="a96284" style="position:absolute;left:618px;top:235.9px;">53,097</div></div></div></div> 958000 8473000 4527000 181000 10467000 30300000 2814000 57720000 183000 3482000 3665000 54055000 958000 53097000 30300000 22000000.0 P21Y P24Y 4700000 P14Y P15Y 3600000 P17Y 2800000 25000000 20000000.0 2900000 400000 100000 2400000 P17Y 500000 0.49 16700000 1000000.0 700000 1000000.0 P10Y 500000 500000 <div id="TextBlockContainer752" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:734px;height:680px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a97884" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 3 – Recently Issued Accounting Standards </div><div id="a97898" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:25.8px;">Recently Issued Accounting Standards<div style="display:inline-block;width:4.89px"> </div>Adopted </div><div id="a97908" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:49px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>Account Standards Update (“ASU”)</div><div id="a97921" style="position:absolute;font-size:14.72px;font-weight:normal;font-style:normal;left:319.693px;top:47.6px;"> </div><div id="a97922" style="position:absolute;font-weight:normal;font-style:normal;left:323.373px;top:49px;">2020-04, </div><div id="a97926" style="position:absolute;font-weight:normal;font-style:italic;left:374.573px;top:49px;">Reference Rate Reform (Topic<div style="display:inline-block;width:5.72px"> </div>848): Facilitation of the Effects of </div><div id="a97946" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:64.3px;">Reference Rate Reform on Financial<div style="display:inline-block;width:4.85px"> </div>Reporting</div><div id="a97958" style="position:absolute;font-weight:normal;font-style:normal;left:256.813px;top:64.3px;"><div style="display:inline-block;width:3.36px"> </div>in March 2020.<div style="display:inline-block;width:7.13px"> </div>The amendments provide temporary optional expedients and </div><div id="a97979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:79.7px;">exceptions for applying GAAP to contract modifications,<div style="display:inline-block;width:4.76px"> </div>hedging relationships and other transactions to ease the potential<div style="display:inline-block;width:4.77px"> </div>accounting </div><div id="a98013" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:95.1px;">and financial reporting burden associated with transitioning<div style="display:inline-block;width:4.61px"> </div>away from reference rates that are expected to be discontinued,<div style="display:inline-block;width:4.87px"> </div>including </div><div id="a98049" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.4px;">the London Interbank Offered Rate (“LIBOR”).<div style="display:inline-block;width:7.95px"> </div>ASU 2020-04 is effective for the<div style="display:inline-block;width:4.71px"> </div>Company as of March 12, 2020 and generally can </div><div id="a98093" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.6px;">be applied through December 31, 2022.<div style="display:inline-block;width:7.73px"> </div>As of December 31, 2020,<div style="display:inline-block;width:3.86px"> </div>the expedients provided in ASU 2020-04 do not impact the </div><div id="a98138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141px;">Company; however, the Company<div style="display:inline-block;width:4.76px"> </div>will continue to monitor for potential impacts on its consolidated<div style="display:inline-block;width:4.81px"> </div>financial statements. </div><div id="a98170" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:164.4px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2018-15</div><div id="a98181" style="position:absolute;font-weight:normal;font-style:italic;left:200.453px;top:164.4px;">, Customer’s<div style="display:inline-block;width:4.74px"> </div>Accounting for Implementation Costs Incurred<div style="display:inline-block;width:4.88px"> </div>in a Cloud Computing Arrangement </div><div id="a98205" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:179.7px;">That Is a Service Contract</div><div id="a98214" style="position:absolute;font-weight:normal;font-style:normal;left:145.253px;top:179.7px;"><div style="display:inline-block;width:3.36px"> </div>in August 2018 that clarifies the accounting for implementation<div style="display:inline-block;width:4.81px"> </div>costs incurred in a cloud computing </div><div id="a98246" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:195.1px;">arrangement under a service contract.<div style="display:inline-block;width:7.77px"> </div>This guidance generally aligns the requirements for capitalizing<div style="display:inline-block;width:4.7px"> </div>implementation costs incurred </div><div id="a98278" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:210.3px;">in a hosting arrangement under a service contract with the<div style="display:inline-block;width:4.8px"> </div>requirements for capitalizing implementation costs related<div style="display:inline-block;width:4.76px"> </div>to internal-use </div><div id="a98317" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:225.6px;">software.<div style="display:inline-block;width:6.99px"> </div>The guidance within this accounting standard update is effective<div style="display:inline-block;width:4.97px"> </div>for annual periods beginning after December 15, 2019 and </div><div id="a98355" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:241px;">should be applied either retrospectively or prospec<div style="display:inline-block;width:1.37px"> </div>tively to all implementation costs incurred after the date of<div style="display:inline-block;width:4.78px"> </div>adoption.<div style="display:inline-block;width:6.69px"> </div>Early </div><div id="a98392" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:256.4px;">adoption was permitted.<div style="display:inline-block;width:7.41px"> </div>The Company adopted this standard on a prospective basis, effective<div style="display:inline-block;width:4.82px"> </div>January 1, 2020.<div style="display:inline-block;width:7.14px"> </div>There was no </div><div id="a98431" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:271.7px;">cumulative effect of adoption recorded within<div style="display:inline-block;width:4.73px"> </div>retained earnings on January 1, 2020.<div style="display:inline-block;width:3.97px"> </div></div><div id="a98456" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:295.1px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2018-14, </div><div id="a98468" style="position:absolute;font-weight:normal;font-style:italic;left:207.173px;top:295.1px;">Disclosure Framework — Changes to<div style="display:inline-block;width:4.75px"> </div>the Disclosure Requirements<div style="display:inline-block;width:4.88px"> </div>for Defined Benefit Plans</div><div id="a98491" style="position:absolute;font-weight:normal;font-style:normal;left:706.16px;top:295.1px;"><div style="display:inline-block;width:3.36px"> </div>in </div><div id="a98494" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:310.3px;">August 2018 that modifies certain disclosure requirements<div style="display:inline-block;width:4.74px"> </div>for fair value measurements.<div style="display:inline-block;width:7.31px"> </div>The guidance removes certain disclosure </div><div id="a98526" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:325.7px;">requirements regarding transfers between levels of<div style="display:inline-block;width:4.7px"> </div>the fair value hierarchy as well as certain disclosures related<div style="display:inline-block;width:4.71px"> </div>to the valuation </div><div id="a98565" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:341px;">processes for certain fair value measurements.<div style="display:inline-block;width:7.94px"> </div>Further, the guidance added certain disclosure<div style="display:inline-block;width:4.83px"> </div>requirements including unrealized gains </div><div id="a98597" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:356.4px;">and losses and significant unobservable inputs used to<div style="display:inline-block;width:4.75px"> </div>develop certain fair value measurements.<div style="display:inline-block;width:7.39px"> </div>The guidance within this accounting </div><div id="a98634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:371.7px;">standard update is effective for annual and<div style="display:inline-block;width:4.72px"> </div>interim periods beginning after December 15, 2019, and should<div style="display:inline-block;width:4.75px"> </div>be applied prospectively in </div><div id="a98674" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:387.1px;">the initial year of adoption or prospectively to all periods<div style="display:inline-block;width:4.65px"> </div>presented, depending on the amended disclosure requirement.<div style="display:inline-block;width:8.03px"> </div>Early </div><div id="a98711" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:402.3px;">adoption was permitted.<div style="display:inline-block;width:7.41px"> </div>The Company adopted this standard on a prospective basis, effective<div style="display:inline-block;width:4.82px"> </div>January 1, 2020.<div style="display:inline-block;width:7.14px"> </div>ASU 2018-14 </div><div id="a98751" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:417.7px;">addresses disclosures only and will not<div style="display:inline-block;width:4.31px"> </div>have an impact on the Company’s<div style="display:inline-block;width:5px"> </div>consolidated financial statements. </div><div id="a98782" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:441px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2018-13, Fair Value<div style="display:inline-block;width:5.58px"> </div>Measurement (Topic 820):<div style="display:inline-block;width:4.85px"> </div>Disclosure Framework – Changes to the Disclosure </div><div id="a98819" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:456.4px;">Requirements for Fair Value<div style="display:inline-block;width:5.51px"> </div>Measurement in August 2018 that modifies certain disclosure<div style="display:inline-block;width:4.78px"> </div>requirements for employers that sponsor </div><div id="a98853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:471.7px;">defined benefit pension or other postretirement plans.<div style="display:inline-block;width:8.06px"> </div>The amendments in this ASU remove disclosures that are<div style="display:inline-block;width:4.78px"> </div>no longer considered </div><div id="a98892" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:487.1px;">cost beneficial, clarify the specific requirements of certain<div style="display:inline-block;width:4.69px"> </div>disclosures, and add new disclosure requirements as relevant.<div style="display:inline-block;width:7.94px"> </div>The </div><div id="a98926" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:502.3px;">guidance within this accounting standard update<div style="display:inline-block;width:4.72px"> </div>is effective for annual periods beginning after December<div style="display:inline-block;width:4.59px"> </div>15, 2019, and should be </div><div id="a98964" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:517.7px;">applied retrospectively to all periods presented.<div style="display:inline-block;width:7.93px"> </div>The Company adopted this standard on a prospective basis, effective<div style="display:inline-block;width:5.14px"> </div>January 1, 2020.<div style="display:inline-block;width:3.58px"> </div></div><div id="a99002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:533.1px;">There was no cumulative effect of adoption<div style="display:inline-block;width:4.58px"> </div>recorded within retained earnings on January 1, 2020. </div><div id="a99032" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:556.4px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2016-13, </div><div id="a99044" style="position:absolute;font-weight:normal;font-style:italic;left:207.173px;top:556.4px;">Financial Instruments - Credit Losses (Topic<div style="display:inline-block;width:5.9px"> </div>326): Measurement of Credit<div style="display:inline-block;width:4.95px"> </div>Losses on Financial </div><div id="a99070" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:571.8px;">Instruments </div><div id="a99072" style="position:absolute;font-weight:normal;font-style:normal;left:70.699px;top:571.8px;">in June 2016 related to the accounting for and disclosure of<div style="display:inline-block;width:4.77px"> </div>credit losses.<div style="display:inline-block;width:6.95px"> </div>The FASB subsequently<div style="display:inline-block;width:4.94px"> </div>issued several </div><div id="a99108" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:587px;">additional accounting standard updates which amended<div style="display:inline-block;width:4.72px"> </div>and clarified the guidance, but did not materially change<div style="display:inline-block;width:4.75px"> </div>the guidance or its </div><div id="a99147" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:602.3px;">applicability to the Company.<div style="display:inline-block;width:8.15px"> </div>This accounting guidance introduces a new model for<div style="display:inline-block;width:4.77px"> </div>recognizing credit losses on financial </div><div id="a99181" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:617.7px;">instruments, including customer accounts receivable,<div style="display:inline-block;width:4.72px"> </div>based on an estimate of current expected credit losses.<div style="display:inline-block;width:7.92px"> </div>The Company adopted </div><div id="a99217" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:633.1px;">the guidance in this accounting standard update, including<div style="display:inline-block;width:4.78px"> </div>all applicable subsequent updates to this accounting guidance, as required, </div><div id="a99253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:648.4px;">on a modified retrospective basis, effective January<div style="display:inline-block;width:4.99px"> </div>1, 2020.<div style="display:inline-block;width:6.76px"> </div>Adoption did not have a material impact to the Company’s<div style="display:inline-block;width:5.54px"> </div>financial </div><div id="a99294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:663.8px;">statements as expected.<div style="display:inline-block;width:7.28px"> </div>However, as a result of this adoption,<div style="display:inline-block;width:4.88px"> </div>the Company recorded a cumulative effect of<div style="display:inline-block;width:4.7px"> </div>accounting change that </div></div><div id="TextBlockContainer754" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99385" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">resulted in an increase to its allowance for doubtful<div style="display:inline-block;width:4.72px"> </div>accounts of approximately $</div><div id="a99385_81_3" style="position:absolute;left:432.68px;top:0px;">1.1</div><div id="a99385_84_52" style="position:absolute;font-weight:normal;font-style:normal;left:449.32px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million, a decrease to deferred tax liabilities of </div><div id="a99428" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">$</div><div id="a99428_1_3" style="position:absolute;left:11.147px;top:15.4px;">0.2</div><div id="a99428_4_49" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and a decrease to retained earnings of $</div><div id="a99428_53_3" style="position:absolute;left:283.853px;top:15.4px;">0.9</div><div id="a99428_56_12" style="position:absolute;font-weight:normal;font-style:normal;left:300.493px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.79px"> </div></div><div id="a99453" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:37.3px;">In accordance with this guidance, the Company recognizes<div style="display:inline-block;width:4.8px"> </div>an allowance for credit losses reflecting the net amount expected to<div style="display:inline-block;width:4.79px"> </div>be </div><div id="a99493" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.6px;">collected from its financial assets, primarily trade accounts<div style="display:inline-block;width:4.8px"> </div>receivable.<div style="display:inline-block;width:6.93px"> </div>This allowance represents the portion of the receivable that the </div><div id="a99531" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Company does not expect to collect over its contractual<div style="display:inline-block;width:4.73px"> </div>life, considering past events and reasonable and supportable forecasts of<div style="display:inline-block;width:4.71px"> </div>future </div><div id="a99571" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:83.4px;">economic conditions.<div style="display:inline-block;width:7.23px"> </div>The Company’s allowance for<div style="display:inline-block;width:4.74px"> </div>credit losses on its trade accounts receivable is based on<div style="display:inline-block;width:4.71px"> </div>specific collectability </div><div id="a99608" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:98.7px;">facts and circumstances for each outstanding receivable and<div style="display:inline-block;width:4.74px"> </div>customer, the aging of outstanding<div style="display:inline-block;width:4.84px"> </div>receivables and the associated </div><div id="a99642" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:114.1px;">collection risk the Company estimates for certain past due<div style="display:inline-block;width:4.89px"> </div>aging categories, and also, the general risk to all outstanding accounts </div><div id="a99682" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:129.3px;">receivable based on historical amounts determined to<div style="display:inline-block;width:4.63px"> </div>be uncollectible.<div style="display:inline-block;width:6.96px"> </div>See Note 13 of Notes to the Consolidated Financial </div><div id="a99718" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:144.6px;">Statements.</div></div> 1100000 200000 900000 <div id="TextBlockContainer756" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:320px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99720" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Recently Issued Accounting Standards<div style="display:inline-block;width:4.89px"> </div>Not Yet Adopted </div><div id="a99735" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:22.9px;">The FASB<div style="display:inline-block;width:4.47px"> </div>issued ASU 2020-01,</div><div id="a99748" style="position:absolute;font-weight:normal;font-style:italic;left:203.813px;top:22.9px;"><div style="display:inline-block;width:3.36px"> </div>Investments – Equity Securities (To<div style="display:inline-block;width:1.67px"> </div>pic 321), Investments – Equity Method and Joint Ventures </div><div id="a99776" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:38.2px;">(Topic<div style="display:inline-block;width:4.82px"> </div>323), and Derivatives and Hedging (Topic<div style="display:inline-block;width:5.61px"> </div>815) –Clarifying the Interactions between Topic<div style="display:inline-block;width:5.55px"> </div>321, Topic<div style="display:inline-block;width:4.77px"> </div>323, and Topic<div style="display:inline-block;width:4.85px"> </div>815</div><div id="a99814" style="position:absolute;font-weight:normal;font-style:normal;left:697.52px;top:38.2px;"><div style="display:inline-block;width:3.36px"> </div>in </div><div id="a99817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.6px;">January 2020 clarifying the interaction among the<div style="display:inline-block;width:4.73px"> </div>accounting standards related to equity securities, equity method investments,<div style="display:inline-block;width:4.82px"> </div>and </div><div id="a99851" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69px;">certain derivatives.<div style="display:inline-block;width:7.32px"> </div>The new guidance, among other things, states that a company<div style="display:inline-block;width:4.8px"> </div>should consider observable transactions that require </div><div id="a99887" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.4px;">a company to either apply or discontinue the equity method<div style="display:inline-block;width:4.65px"> </div>of accounting, for the purposes of applying the fair value<div style="display:inline-block;width:4.71px"> </div>measurement </div><div id="a99929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.6px;">alternative immediately before applying or upon discontinuing<div style="display:inline-block;width:4.86px"> </div>the equity method.<div style="display:inline-block;width:7.22px"> </div>The new guidance also addresses the measurement </div><div id="a99963" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:114.9px;">of certain purchased options and forward contracts used<div style="display:inline-block;width:4.82px"> </div>to acquire investments.<div style="display:inline-block;width:7.3px"> </div>The guidance within this accounting standard update </div><div id="a99999" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.3px;">is effective for annual and interim periods beginning<div style="display:inline-block;width:4.99px"> </div>after December 15, 2020 and is to be applied prospectively.<div style="display:inline-block;width:8.96px"> </div>Early adoption is </div><div id="a100041" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:145.6px;">permitted.<div style="display:inline-block;width:7.1px"> </div>The Company will adopt this standard, as required, on a prospective<div style="display:inline-block;width:4.78px"> </div>basis, effective January 1, 2021, and does not expect </div><div id="a100083" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161px;">adoption to have an impact to its financial statements. </div><div id="a100102" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:181.6px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2019-12</div><div id="a100113" style="position:absolute;font-weight:normal;font-style:italic;left:200.453px;top:181.6px;">, Income Taxes<div style="display:inline-block;width:4.92px"> </div>(Topic<div style="display:inline-block;width:4.63px"> </div>740): Simplifying the Accounting for Income Taxes</div><div id="a100134" style="position:absolute;font-weight:normal;font-style:normal;left:594.96px;top:181.6px;"><div style="display:inline-block;width:3.36px"> </div>in December 2019.<div style="display:inline-block;width:3.71px"> </div></div><div id="a100142" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:197px;">The guidance within this accounting standard update<div style="display:inline-block;width:4.75px"> </div>removes certain exceptions, including the exception to the incremental<div style="display:inline-block;width:4.88px"> </div>approach </div><div id="a100176" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:212.2px;">for certain intra-period tax allocations, to the requirement<div style="display:inline-block;width:4.83px"> </div>to recognize or not recognize certain deferred tax liabilities for<div style="display:inline-block;width:4.72px"> </div>equity </div><div id="a100217" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:227.6px;">method investments and foreign subsidiaries, and to the<div style="display:inline-block;width:4.6px"> </div>general methodology for calculating income taxes in<div style="display:inline-block;width:4.7px"> </div>an interim period when a </div><div id="a100257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:242.9px;">year-to-date loss exceeds the anticipated loss for<div style="display:inline-block;width:4.87px"> </div>the year.<div style="display:inline-block;width:7.66px"> </div>Further, the guidance simplifies the accounting<div style="display:inline-block;width:4.96px"> </div>related to franchise taxes, </div><div id="a100300" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:258.3px;">the step up in tax basis for goodwill, current and deferred<div style="display:inline-block;width:4.79px"> </div>tax expense, and codification improvements for income taxes<div style="display:inline-block;width:4.8px"> </div>related to </div><div id="a100342" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:273.6px;">employee stock ownership plans.<div style="display:inline-block;width:7.42px"> </div>The guidance is effective for annual and interim<div style="display:inline-block;width:4.62px"> </div>periods beginning after December 15, 2020.<div style="display:inline-block;width:7.79px"> </div>Early </div><div id="a100380" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289px;">adoption is permitted.<div style="display:inline-block;width:7.37px"> </div>The Company will adopt this standard, as required, effective<div style="display:inline-block;width:4.81px"> </div>January 1, 2021, and is currently evaluating its </div><div id="a100421" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:304.4px;">implementation and any potential adoption impact.</div></div> <div id="TextBlockContainer758" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100433" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 4 – Business Segments </div><div id="a100443" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company’s operating<div style="display:inline-block;width:4.81px"> </div>segments, which are consistent with its reportable segments,<div style="display:inline-block;width:4.7px"> </div>reflect the structure of the Company’s </div><div id="a100477" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">internal organization, the method by which<div style="display:inline-block;width:4.78px"> </div>the Company’s resources are allocated<div style="display:inline-block;width:4.86px"> </div>and the manner by which the chief operating </div><div id="a100515" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">decision<div style="display:inline-block;width:3.62px"> </div>maker assess the Company’s<div style="display:inline-block;width:4.79px"> </div>performance.<div style="display:inline-block;width:6.91px"> </div>During the third quarter of 2019 and in connection with the<div style="display:inline-block;width:4.79px"> </div>Combination, the </div><div id="a100554" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">Company reorganized its executive management<div style="display:inline-block;width:4.8px"> </div>team to align with its new business structure, which reflects the<div style="display:inline-block;width:4.79px"> </div>method by which the </div><div id="a100594" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.5px;">chief operating decision maker assesses the Company’s<div style="display:inline-block;width:5.45px"> </div>performance and allocates its resources.<div style="display:inline-block;width:7.53px"> </div>The Company’s current reportable </div><div id="a100626" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.8px;">segment structure includes four segments: (i) Americas;<div style="display:inline-block;width:4.75px"> </div>(ii) EMEA; (iii) Asia/Pacific; and (iv) Global Specialty Businesses.<div style="display:inline-block;width:8.03px"> </div>The three </div><div id="a100663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.2px;">geographic segments are composed of the net sales and<div style="display:inline-block;width:4.61px"> </div>operations in each respective region, excluding net sales and<div style="display:inline-block;width:4.8px"> </div>operations </div><div id="a100701" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.6px;">managed globally by the Global Specialty Businesses segment,<div style="display:inline-block;width:4.76px"> </div>which includes the Company’s<div style="display:inline-block;width:4.79px"> </div>container, metal finishing, mining, </div><div id="a100733" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:145.9px;">offshore, specialty coatings, specialty grease and<div style="display:inline-block;width:4.75px"> </div>Norman Hay businesses. </div><div id="a100751" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:169.3px;">Although the Company changed its reportable segments in<div style="display:inline-block;width:4.74px"> </div>the third quarter of 2019, the calculation of the reportable<div style="display:inline-block;width:4.82px"> </div>segments’ </div><div id="a100789" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.5px;">measures of earnings remains otherwise generally<div style="display:inline-block;width:4.69px"> </div>consistent with past practices.<div style="display:inline-block;width:7.2px"> </div>Segment operating earnings for each of the </div><div id="a100823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:199.9px;">Company’s reportable<div style="display:inline-block;width:4.78px"> </div>segments are comprised of the segment’s<div style="display:inline-block;width:4.81px"> </div>net sales less directly related<div style="display:inline-block;width:4.1px"> </div>COGS and SG&amp;A.<div style="display:inline-block;width:7.07px"> </div>Operating expenses </div><div id="a100860" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.2px;">not directly attributable to the net sales of each respective<div style="display:inline-block;width:4.78px"> </div>segment, such as certain corporate and administrative costs, Combination, </div><div id="a100898" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.6px;">integration and other acquisition-related expenses, and Restructuring<div style="display:inline-block;width:5.01px"> </div>and related charges, are not included in segment operating </div><div id="a100933" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">earnings.<div style="display:inline-block;width:7.08px"> </div>Other items not specifically identified with the Company’s<div style="display:inline-block;width:5.35px"> </div>reportable segments include interest expense, net and other </div><div id="a100967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">expense, net.</div></div><div id="TextBlockContainer760" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:694px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101020" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following tables present information about the performance<div style="display:inline-block;width:4.82px"> </div>of the Company’s reportable segments<div style="display:inline-block;width:4.87px"> </div>for the years ended </div><div id="a101054" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">December 31, 2020, 2019 and 2018.<div style="display:inline-block;width:7.57px"> </div>Certain immaterial reclassifications within the segment disclosures<div style="display:inline-block;width:4.71px"> </div>for the years ended </div><div id="a101090" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">December 31, 2019 and 2018 have been made to conform with<div style="display:inline-block;width:4.79px"> </div>the Company’s current customer<div style="display:inline-block;width:4.82px"> </div>industry segmentation.</div></div><div id="TextBlockContainer763" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101128" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101131" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101134" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101138" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Net sales </div><div id="a101140" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101142" style="position:absolute;font-weight:normal;font-style:normal;left:376.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101144" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101146" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101148" style="position:absolute;font-weight:normal;font-style:normal;left:478.44px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101150" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101152" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101154" style="position:absolute;font-weight:normal;font-style:normal;left:580.56px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101159" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101161" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101163" style="position:absolute;left:407.24px;top:33.9px;">450,161</div><div id="a101166" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101168" style="position:absolute;left:509.16px;top:33.9px;">392,121</div><div id="a101171" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101173" style="position:absolute;left:611.28px;top:33.9px;">297,601</div><div id="a101178" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101180" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101182" style="position:absolute;left:407.24px;top:51px;">383,187</div><div id="a101185" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101187" style="position:absolute;left:509.16px;top:51px;">285,570</div><div id="a101190" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101192" style="position:absolute;left:611.28px;top:51px;">216,984</div><div id="a101197" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101200" style="position:absolute;left:407.24px;top:68px;">315,299</div><div id="a101204" style="position:absolute;left:509.16px;top:68px;">247,839</div><div id="a101208" style="position:absolute;left:611.28px;top:68px;">192,502</div><div id="a101213" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101216" style="position:absolute;left:407.24px;top:85px;">269,030</div><div id="a101220" style="position:absolute;left:509.16px;top:85px;">207,973</div><div id="a101224" style="position:absolute;left:611.28px;top:85px;">160,433</div><div id="a101228" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.9px;">Total<div style="display:inline-block;width:4.73px"> </div>net sales </div><div id="a101230" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a101232" style="position:absolute;left:397.32px;top:102.9px;">1,417,677</div><div id="a101235" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a101237" style="position:absolute;left:499.24px;top:102.9px;">1,133,503</div><div id="a101240" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a101242" style="position:absolute;left:611.28px;top:102.9px;">867,520</div></div><div id="TextBlockContainer767" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101249" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101252" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101255" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101259" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Segment operating earnings </div><div id="a101270" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34px;">Americas </div><div id="a101272" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34px;">$ </div><div id="a101274" style="position:absolute;left:413.96px;top:34px;">96,379</div><div id="a101277" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34px;">$ </div><div id="a101279" style="position:absolute;left:515.88px;top:34px;">78,297</div><div id="a101282" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34px;">$ </div><div id="a101284" style="position:absolute;left:618px;top:34px;">62,686</div><div id="a101289" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a101291" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101293" style="position:absolute;left:413.96px;top:50.9px;">69,163</div><div id="a101296" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101298" style="position:absolute;left:515.88px;top:50.9px;">47,014</div><div id="a101301" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101303" style="position:absolute;left:618px;top:50.9px;">36,119</div><div id="a101308" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101311" style="position:absolute;left:413.96px;top:68px;">88,356</div><div id="a101315" style="position:absolute;left:515.88px;top:68px;">67,512</div><div id="a101319" style="position:absolute;left:618px;top:68px;">53,739</div><div id="a101324" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101327" style="position:absolute;left:413.96px;top:85px;">79,690</div><div id="a101331" style="position:absolute;left:515.88px;top:85px;">58,881</div><div id="a101335" style="position:absolute;left:618px;top:85px;">42,931</div><div id="a101339" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.3px;">Total<div style="display:inline-block;width:4.73px"> </div>segment operating earnings </div><div id="a101342" style="position:absolute;left:407.24px;top:102.3px;">333,588</div><div id="a101347" style="position:absolute;left:509.16px;top:102.3px;">251,704</div><div id="a101351" style="position:absolute;left:611.28px;top:102.3px;">195,475</div><div id="a101355" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Combination, integration and other acquisition-related<div style="display:inline-block;width:4.74px"> </div>expenses </div><div id="a101360" style="position:absolute;left:409px;top:118.9px;">(29,790)</div><div id="a101364" style="position:absolute;left:510.92px;top:118.9px;">(35,477)</div><div id="a101368" style="position:absolute;left:613.04px;top:118.9px;">(16,661)</div><div id="a101372" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Restructuring and related charges </div><div id="a101375" style="position:absolute;left:415.72px;top:136px;">(5,541)</div><div id="a101379" style="position:absolute;left:510.92px;top:136px;">(26,678)</div><div id="a101383" style="position:absolute;left:641.36px;top:136px;">—</div><div id="a101387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Fair value step up of inventory sold </div><div id="a101390" style="position:absolute;left:425.64px;top:153px;">(226)</div><div id="a101394" style="position:absolute;left:510.92px;top:153px;">(11,714)</div><div id="a101398" style="position:absolute;left:641.36px;top:153px;">—</div><div id="a101402" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170px;">Indefinite-lived intangible asset impairment </div><div id="a101407" style="position:absolute;left:409px;top:170px;">(38,000)</div><div id="a101411" style="position:absolute;left:539.28px;top:170px;">—</div><div id="a101415" style="position:absolute;left:641.36px;top:170px;">—</div><div id="a101419" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.9px;">Non-operating and administrative expenses </div><div id="a101425" style="position:absolute;left:402.44px;top:186.9px;">(143,202)</div><div id="a101429" style="position:absolute;left:504.36px;top:186.9px;">(104,572)</div><div id="a101433" style="position:absolute;left:613.04px;top:186.9px;">(83,515)</div><div id="a101437" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Depreciation of corporate assets and amortization </div><div id="a101440" style="position:absolute;left:409px;top:204px;">(57,469)</div><div id="a101444" style="position:absolute;left:510.92px;top:204px;">(27,129)</div><div id="a101448" style="position:absolute;left:619.76px;top:204px;">(7,518)</div><div id="a101452" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:221.3px;">Operating income </div><div id="a101455" style="position:absolute;left:413.96px;top:221.3px;">59,360</div><div id="a101459" style="position:absolute;left:515.88px;top:221.3px;">46,134</div><div id="a101463" style="position:absolute;left:618px;top:221.3px;">87,781</div><div id="a101467" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">Other expense, net </div><div id="a101470" style="position:absolute;left:415.72px;top:238px;">(5,618)</div><div id="a101474" style="position:absolute;left:527.56px;top:238px;">(254)</div><div id="a101478" style="position:absolute;left:629.68px;top:238px;">(642)</div><div id="a101482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.9px;">Interest expense, net </div><div id="a101485" style="position:absolute;left:409px;top:254.9px;">(26,603)</div><div id="a101489" style="position:absolute;left:510.92px;top:254.9px;">(16,976)</div><div id="a101493" style="position:absolute;left:619.76px;top:254.9px;">(4,041)</div><div id="a101497" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272.4px;">Income before taxes and equity in net income<div style="display:inline-block;width:4.85px"> </div>of </div><div id="a101510" style="position:absolute;font-weight:bold;font-style:normal;left:14.379px;top:289.5px;">associated companies </div><div id="a101512" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:290.8px;">$ </div><div id="a101514" style="position:absolute;left:413.96px;top:290.8px;">27,139</div><div id="a101517" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:290.8px;">$ </div><div id="a101519" style="position:absolute;left:515.88px;top:290.8px;">28,904</div><div id="a101522" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:290.8px;">$ </div><div id="a101524" style="position:absolute;left:618px;top:290.8px;">83,098</div></div><div id="TextBlockContainer770" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:716px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101527" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following tables present information regarding the<div style="display:inline-block;width:4.73px"> </div>Company’s reportable segments’<div style="display:inline-block;width:4.73px"> </div>assets and long-lived assets, including </div><div id="a101559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">certain identifiable assets as well as an allocation of<div style="display:inline-block;width:4.82px"> </div>shared assets, of December 31, 2020, 2019 and 2018:</div></div><div id="TextBlockContainer774" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_772_XBRL_CS_5f5a3d94d7d2494783a477f23ee36a2d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer773" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101599" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101602" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101605" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101609" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Segment assets </div><div id="a101622" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101624" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101626" style="position:absolute;left:407.24px;top:34.7px;">969,551</div><div id="a101629" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101631" style="position:absolute;left:509.16px;top:34.7px;">926,122</div><div id="a101634" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101636" style="position:absolute;left:611.28px;top:34.7px;">180,037</div><div id="a101641" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a101644" style="position:absolute;left:407.24px;top:51.8px;">697,821</div><div id="a101648" style="position:absolute;left:509.16px;top:51.8px;">688,663</div><div id="a101652" style="position:absolute;left:611.28px;top:51.8px;">149,984</div><div id="a101657" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101660" style="position:absolute;left:407.24px;top:68.8px;">713,004</div><div id="a101664" style="position:absolute;left:509.16px;top:68.8px;">685,476</div><div id="a101668" style="position:absolute;left:611.28px;top:68.8px;">205,424</div><div id="a101673" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101676" style="position:absolute;left:407.24px;top:85.8px;">511,458</div><div id="a101680" style="position:absolute;left:509.16px;top:85.8px;">550,055</div><div id="a101684" style="position:absolute;left:611.28px;top:85.8px;">174,220</div><div id="a101689" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.7px;">Total segment assets </div><div id="a101691" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.7px;">$ </div><div id="a101693" style="position:absolute;left:397.32px;top:102.7px;">2,891,834</div><div id="a101696" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.7px;">$ </div><div id="a101698" style="position:absolute;left:499.24px;top:102.7px;">2,850,316</div><div id="a101701" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.7px;">$ </div><div id="a101703" style="position:absolute;left:611.28px;top:102.7px;">709,665</div></div></div></div><div id="TextBlockContainer778" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_776_XBRL_TS_1aa5323bb678441fa5c6a16342c952f4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer777" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101710" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101713" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101716" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101720" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.4px;">Segment long-lived assets </div><div id="a101735" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34.1px;">Americas </div><div id="a101737" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.1px;">$ </div><div id="a101739" style="position:absolute;left:407.24px;top:34.1px;">122,302</div><div id="a101742" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.1px;">$ </div><div id="a101744" style="position:absolute;left:509.16px;top:34.1px;">139,170</div><div id="a101747" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.1px;">$ </div><div id="a101749" style="position:absolute;left:618px;top:34.1px;">60,745</div><div id="a101754" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101757" style="position:absolute;left:413.96px;top:51px;">69,344</div><div id="a101761" style="position:absolute;left:515.88px;top:51px;">56,108</div><div id="a101765" style="position:absolute;left:618px;top:51px;">23,383</div><div id="a101770" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101773" style="position:absolute;left:407.24px;top:68px;">119,233</div><div id="a101777" style="position:absolute;left:509.16px;top:68px;">126,166</div><div id="a101781" style="position:absolute;left:618px;top:68px;">26,217</div><div id="a101786" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85.1px;">Global Specialty Businesses </div><div id="a101789" style="position:absolute;left:413.96px;top:85.1px;">59,091</div><div id="a101793" style="position:absolute;left:515.88px;top:85.1px;">69,184</div><div id="a101797" style="position:absolute;left:618px;top:85.1px;">26,949</div><div id="a101802" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.9px;">Total segment long-lived<div style="display:inline-block;width:5.02px"> </div>assets </div><div id="a101806" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a101808" style="position:absolute;left:407.24px;top:102.9px;">369,970</div><div id="a101811" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a101813" style="position:absolute;left:509.16px;top:102.9px;">390,628</div><div id="a101816" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a101818" style="position:absolute;left:611.28px;top:102.9px;">137,294</div></div></div></div><div id="TextBlockContainer780" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101870" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following tables present information regarding the<div style="display:inline-block;width:4.73px"> </div>Company’s reportable segments’<div style="display:inline-block;width:4.73px"> </div>capital expenditures and depreciation for </div><div id="a101900" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">identifiable assets for the years ended December 31,<div style="display:inline-block;width:4.7px"> </div>2020, 2019 and 2018:</div></div><div id="TextBlockContainer784" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_782_XBRL_TS_42411556c9ea449bad30943c1a97202b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer783" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101927" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101930" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101933" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101937" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Capital expenditures </div><div id="a101950" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101952" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101954" style="position:absolute;left:420.52px;top:33.9px;">6,451</div><div id="a101957" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101959" style="position:absolute;left:522.44px;top:33.9px;">6,404</div><div id="a101962" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101964" style="position:absolute;left:624.56px;top:33.9px;">3,401</div><div id="a101969" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101972" style="position:absolute;left:420.52px;top:51px;">3,844</div><div id="a101976" style="position:absolute;left:522.44px;top:51px;">3,263</div><div id="a101980" style="position:absolute;left:624.56px;top:51px;">2,081</div><div id="a101985" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101988" style="position:absolute;left:420.52px;top:68px;">5,688</div><div id="a101992" style="position:absolute;left:522.44px;top:68px;">3,857</div><div id="a101996" style="position:absolute;left:624.56px;top:68px;">6,059</div><div id="a102001" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a102004" style="position:absolute;left:420.52px;top:85px;">1,918</div><div id="a102008" style="position:absolute;left:522.44px;top:85px;">2,021</div><div id="a102012" style="position:absolute;left:624.56px;top:85px;">1,345</div><div id="a102017" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.9px;">Total segment capital<div style="display:inline-block;width:4.85px"> </div>expenditures </div><div id="a102019" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a102021" style="position:absolute;left:413.96px;top:102.9px;">17,901</div><div id="a102024" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a102026" style="position:absolute;left:515.88px;top:102.9px;">15,545</div><div id="a102029" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a102031" style="position:absolute;left:618px;top:102.9px;">12,886</div></div></div></div><div id="TextBlockContainer787" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102038" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a102041" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a102044" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a102048" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Depreciation </div><div id="a102061" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34px;">Americas </div><div id="a102063" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34px;">$ </div><div id="a102065" style="position:absolute;left:413.96px;top:34px;">12,322</div><div id="a102068" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34px;">$ </div><div id="a102070" style="position:absolute;left:522.44px;top:34px;">7,500</div><div id="a102073" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34px;">$ </div><div id="a102075" style="position:absolute;left:624.56px;top:34px;">4,225</div><div id="a102080" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a102083" style="position:absolute;left:420.52px;top:50.9px;">6,813</div><div id="a102087" style="position:absolute;left:522.44px;top:50.9px;">4,560</div><div id="a102091" style="position:absolute;left:624.56px;top:50.9px;">3,434</div><div id="a102096" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a102099" style="position:absolute;left:420.52px;top:68px;">4,672</div><div id="a102103" style="position:absolute;left:522.44px;top:68px;">3,458</div><div id="a102107" style="position:absolute;left:624.56px;top:68px;">2,552</div><div id="a102112" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a102115" style="position:absolute;left:420.52px;top:85px;">3,544</div><div id="a102119" style="position:absolute;left:522.44px;top:85px;">2,248</div><div id="a102123" style="position:absolute;left:624.56px;top:85px;">1,985</div><div id="a102128" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.8px;">Total segment depreciation </div><div id="a102130" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.8px;">$ </div><div id="a102132" style="position:absolute;left:413.96px;top:102.8px;">27,351</div><div id="a102135" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.8px;">$ </div><div id="a102137" style="position:absolute;left:515.88px;top:102.8px;">17,766</div><div id="a102140" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.8px;">$ </div><div id="a102142" style="position:absolute;left:618px;top:102.8px;">12,196</div></div><div id="TextBlockContainer790" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:131px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102145" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">During the years ended December 31, 2020, 2019 and 2018,<div style="display:inline-block;width:4.76px"> </div>the Company had approximately </div><div id="a102145_87_6" style="position:absolute;left:531.079px;top:0px;-sec-ix-hidden:ID_1523;">$963.2</div><div id="a102145_93_10" style="position:absolute;font-weight:normal;font-style:normal;left:567.879px;top:0px;"><div style="display:inline-block;width:3.4px"> </div>million, </div><div id="a102145_103_6" style="position:absolute;left:616.399px;top:0px;-sec-ix-hidden:ID_1524;">$719.8</div><div id="a102145_109_13" style="position:absolute;font-weight:normal;font-style:normal;left:653.039px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102183" style="position:absolute;left:4.427px;top:15.4px;-sec-ix-hidden:ID_1525;">$534.6</div><div id="a102183_6_127" style="position:absolute;font-weight:normal;font-style:normal;left:41.259px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million of net sales, respectively,<div style="display:inline-block;width:4.87px"> </div>attributable to non-U.S. operations.<div style="display:inline-block;width:7.55px"> </div>As of December 31, 2020, 2019 and 2018, the Company </div><div id="a102226" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">had approximately </div><div id="a102226_18_6" style="position:absolute;left:107.493px;top:30.7px;-sec-ix-hidden:ID_1546;">$176.6</div><div id="a102226_24_10" style="position:absolute;font-weight:normal;font-style:normal;left:144.133px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a102226_34_6" style="position:absolute;left:192.773px;top:30.7px;-sec-ix-hidden:ID_1547;">$174.4</div><div id="a102226_40_13" style="position:absolute;font-weight:normal;font-style:normal;left:229.453px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102226_53_5" style="position:absolute;left:297.293px;top:30.7px;-sec-ix-hidden:ID_1548;">$60.8</div><div id="a102226_58_70" style="position:absolute;font-weight:normal;font-style:normal;left:327.213px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million of long-lived assets, respectively,<div style="display:inline-block;width:5.17px"> </div>attributable to non-U.S. </div><div id="a102263" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">operations. </div><div id="a102265" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:69.4px;">Inter-segment revenue for the years ended December<div style="display:inline-block;width:4.88px"> </div>31, 2020, 2019 and 2018 was </div><div id="a102265_79_4" style="position:absolute;left:474.759px;top:69.4px;-sec-ix-hidden:ID_1496;">$9.1</div><div id="a102265_83_10" style="position:absolute;font-weight:normal;font-style:normal;left:498.12px;top:69.4px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a102265_93_4" style="position:absolute;left:546.6px;top:69.4px;-sec-ix-hidden:ID_1499;">$7.3</div><div id="a102265_97_13" style="position:absolute;font-weight:normal;font-style:normal;left:570px;top:69.4px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102265_110_4" style="position:absolute;left:637.839px;top:69.4px;-sec-ix-hidden:ID_1502;">$8.3</div><div id="a102265_114_13" style="position:absolute;font-weight:normal;font-style:normal;left:661.199px;top:69.4px;"><div style="display:inline-block;width:3.36px"> </div>million for </div><div id="a102309" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">Americas, </div><div id="a102309_10_5" style="position:absolute;left:62.219px;top:84.6px;-sec-ix-hidden:ID_1497;">$22.0</div><div id="a102309_15_10" style="position:absolute;font-weight:normal;font-style:normal;left:92.293px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a102309_25_5" style="position:absolute;left:140.773px;top:84.6px;-sec-ix-hidden:ID_1500;">$20.3</div><div id="a102309_30_13" style="position:absolute;font-weight:normal;font-style:normal;left:170.853px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102309_43_5" style="position:absolute;left:238.733px;top:84.6px;-sec-ix-hidden:ID_1503;">$21.9</div><div id="a102309_48_19" style="position:absolute;font-weight:normal;font-style:normal;left:268.813px;top:84.6px;"><div style="display:inline-block;width:3.2px"> </div>million for EMEA, </div><div id="a102309_67_4" style="position:absolute;left:377.293px;top:84.6px;-sec-ix-hidden:ID_1498;">$0.6</div><div id="a102309_71_10" style="position:absolute;font-weight:normal;font-style:normal;left:400.68px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a102309_81_4" style="position:absolute;left:449.16px;top:84.6px;-sec-ix-hidden:ID_1501;">$0.2</div><div id="a102309_85_13" style="position:absolute;font-weight:normal;font-style:normal;left:472.52px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102309_98_4" style="position:absolute;left:540.36px;top:84.6px;-sec-ix-hidden:ID_1504;">$0.5</div><div id="a102309_102_30" style="position:absolute;font-weight:normal;font-style:normal;left:563.72px;top:84.6px;"><div style="display:inline-block;width:3.2px"> </div>million for Asia/Pacific and </div><div id="a102349" style="position:absolute;left:4.427px;top:100px;-sec-ix-hidden:ID_2211;">$4.7</div><div id="a102349_4_10" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a102349_14_4" style="position:absolute;left:76.459px;top:100px;-sec-ix-hidden:ID_2210;">$5.4</div><div id="a102349_18_13" style="position:absolute;font-weight:normal;font-style:normal;left:99.813px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a102349_31_4" style="position:absolute;left:167.493px;top:100px;-sec-ix-hidden:ID_2209;">$5.3</div><div id="a102349_35_97" style="position:absolute;font-weight:normal;font-style:normal;left:191.013px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million for Global Specialty Businesses, respectively.<div style="display:inline-block;width:8.47px"> </div>However, all inter-segment<div style="display:inline-block;width:4.88px"> </div>transactions </div><div id="a102384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">have been eliminated from each reportable operating<div style="display:inline-block;width:4.8px"> </div>segment’s net sales and earnings<div style="display:inline-block;width:4.71px"> </div>for all periods presented in the above tables.</div></div> <div id="TextBlockContainer764" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_762_XBRL_TS_2df4fe9502854bbab6591c4e5e2f83bc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer763" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101128" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101131" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101134" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101138" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Net sales </div><div id="a101140" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101142" style="position:absolute;font-weight:normal;font-style:normal;left:376.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101144" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101146" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101148" style="position:absolute;font-weight:normal;font-style:normal;left:478.44px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101150" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101152" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101154" style="position:absolute;font-weight:normal;font-style:normal;left:580.56px;top:17.3px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101159" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101161" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101163" style="position:absolute;left:407.24px;top:33.9px;">450,161</div><div id="a101166" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101168" style="position:absolute;left:509.16px;top:33.9px;">392,121</div><div id="a101171" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101173" style="position:absolute;left:611.28px;top:33.9px;">297,601</div><div id="a101178" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101180" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101182" style="position:absolute;left:407.24px;top:51px;">383,187</div><div id="a101185" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101187" style="position:absolute;left:509.16px;top:51px;">285,570</div><div id="a101190" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101192" style="position:absolute;left:611.28px;top:51px;">216,984</div><div id="a101197" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101200" style="position:absolute;left:407.24px;top:68px;">315,299</div><div id="a101204" style="position:absolute;left:509.16px;top:68px;">247,839</div><div id="a101208" style="position:absolute;left:611.28px;top:68px;">192,502</div><div id="a101213" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101216" style="position:absolute;left:407.24px;top:85px;">269,030</div><div id="a101220" style="position:absolute;left:509.16px;top:85px;">207,973</div><div id="a101224" style="position:absolute;left:611.28px;top:85px;">160,433</div><div id="a101228" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.9px;">Total<div style="display:inline-block;width:4.73px"> </div>net sales </div><div id="a101230" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a101232" style="position:absolute;left:397.32px;top:102.9px;">1,417,677</div><div id="a101235" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a101237" style="position:absolute;left:499.24px;top:102.9px;">1,133,503</div><div id="a101240" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a101242" style="position:absolute;left:611.28px;top:102.9px;">867,520</div></div></div></div><div id="TextBlockContainer773" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101599" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101602" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101605" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101609" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Segment assets </div><div id="a101622" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101624" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101626" style="position:absolute;left:407.24px;top:34.7px;">969,551</div><div id="a101629" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101631" style="position:absolute;left:509.16px;top:34.7px;">926,122</div><div id="a101634" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101636" style="position:absolute;left:611.28px;top:34.7px;">180,037</div><div id="a101641" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a101644" style="position:absolute;left:407.24px;top:51.8px;">697,821</div><div id="a101648" style="position:absolute;left:509.16px;top:51.8px;">688,663</div><div id="a101652" style="position:absolute;left:611.28px;top:51.8px;">149,984</div><div id="a101657" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101660" style="position:absolute;left:407.24px;top:68.8px;">713,004</div><div id="a101664" style="position:absolute;left:509.16px;top:68.8px;">685,476</div><div id="a101668" style="position:absolute;left:611.28px;top:68.8px;">205,424</div><div id="a101673" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101676" style="position:absolute;left:407.24px;top:85.8px;">511,458</div><div id="a101680" style="position:absolute;left:509.16px;top:85.8px;">550,055</div><div id="a101684" style="position:absolute;left:611.28px;top:85.8px;">174,220</div><div id="a101689" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.7px;">Total segment assets </div><div id="a101691" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.7px;">$ </div><div id="a101693" style="position:absolute;left:397.32px;top:102.7px;">2,891,834</div><div id="a101696" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.7px;">$ </div><div id="a101698" style="position:absolute;left:499.24px;top:102.7px;">2,850,316</div><div id="a101701" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.7px;">$ </div><div id="a101703" style="position:absolute;left:611.28px;top:102.7px;">709,665</div></div> 450161000 392121000 297601000 383187000 383187000 285570000 285570000 216984000 216984000 315299000 315299000 247839000 247839000 192502000 192502000 269030000 207973000 160433000 1417677000 1133503000 867520000 <div id="TextBlockContainer768" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_766_XBRL_TS_c07d65d085f94a8d920bfd53a4afbc0b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer767" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101249" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101252" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101255" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101259" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Segment operating earnings </div><div id="a101270" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34px;">Americas </div><div id="a101272" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34px;">$ </div><div id="a101274" style="position:absolute;left:413.96px;top:34px;">96,379</div><div id="a101277" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34px;">$ </div><div id="a101279" style="position:absolute;left:515.88px;top:34px;">78,297</div><div id="a101282" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34px;">$ </div><div id="a101284" style="position:absolute;left:618px;top:34px;">62,686</div><div id="a101289" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a101291" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101293" style="position:absolute;left:413.96px;top:50.9px;">69,163</div><div id="a101296" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101298" style="position:absolute;left:515.88px;top:50.9px;">47,014</div><div id="a101301" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:50.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a101303" style="position:absolute;left:618px;top:50.9px;">36,119</div><div id="a101308" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101311" style="position:absolute;left:413.96px;top:68px;">88,356</div><div id="a101315" style="position:absolute;left:515.88px;top:68px;">67,512</div><div id="a101319" style="position:absolute;left:618px;top:68px;">53,739</div><div id="a101324" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a101327" style="position:absolute;left:413.96px;top:85px;">79,690</div><div id="a101331" style="position:absolute;left:515.88px;top:85px;">58,881</div><div id="a101335" style="position:absolute;left:618px;top:85px;">42,931</div><div id="a101339" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.3px;">Total<div style="display:inline-block;width:4.73px"> </div>segment operating earnings </div><div id="a101342" style="position:absolute;left:407.24px;top:102.3px;">333,588</div><div id="a101347" style="position:absolute;left:509.16px;top:102.3px;">251,704</div><div id="a101351" style="position:absolute;left:611.28px;top:102.3px;">195,475</div><div id="a101355" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Combination, integration and other acquisition-related<div style="display:inline-block;width:4.74px"> </div>expenses </div><div id="a101360" style="position:absolute;left:409px;top:118.9px;">(29,790)</div><div id="a101364" style="position:absolute;left:510.92px;top:118.9px;">(35,477)</div><div id="a101368" style="position:absolute;left:613.04px;top:118.9px;">(16,661)</div><div id="a101372" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Restructuring and related charges </div><div id="a101375" style="position:absolute;left:415.72px;top:136px;">(5,541)</div><div id="a101379" style="position:absolute;left:510.92px;top:136px;">(26,678)</div><div id="a101383" style="position:absolute;left:641.36px;top:136px;">—</div><div id="a101387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Fair value step up of inventory sold </div><div id="a101390" style="position:absolute;left:425.64px;top:153px;">(226)</div><div id="a101394" style="position:absolute;left:510.92px;top:153px;">(11,714)</div><div id="a101398" style="position:absolute;left:641.36px;top:153px;">—</div><div id="a101402" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170px;">Indefinite-lived intangible asset impairment </div><div id="a101407" style="position:absolute;left:409px;top:170px;">(38,000)</div><div id="a101411" style="position:absolute;left:539.28px;top:170px;">—</div><div id="a101415" style="position:absolute;left:641.36px;top:170px;">—</div><div id="a101419" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.9px;">Non-operating and administrative expenses </div><div id="a101425" style="position:absolute;left:402.44px;top:186.9px;">(143,202)</div><div id="a101429" style="position:absolute;left:504.36px;top:186.9px;">(104,572)</div><div id="a101433" style="position:absolute;left:613.04px;top:186.9px;">(83,515)</div><div id="a101437" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Depreciation of corporate assets and amortization </div><div id="a101440" style="position:absolute;left:409px;top:204px;">(57,469)</div><div id="a101444" style="position:absolute;left:510.92px;top:204px;">(27,129)</div><div id="a101448" style="position:absolute;left:619.76px;top:204px;">(7,518)</div><div id="a101452" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:221.3px;">Operating income </div><div id="a101455" style="position:absolute;left:413.96px;top:221.3px;">59,360</div><div id="a101459" style="position:absolute;left:515.88px;top:221.3px;">46,134</div><div id="a101463" style="position:absolute;left:618px;top:221.3px;">87,781</div><div id="a101467" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">Other expense, net </div><div id="a101470" style="position:absolute;left:415.72px;top:238px;">(5,618)</div><div id="a101474" style="position:absolute;left:527.56px;top:238px;">(254)</div><div id="a101478" style="position:absolute;left:629.68px;top:238px;">(642)</div><div id="a101482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.9px;">Interest expense, net </div><div id="a101485" style="position:absolute;left:409px;top:254.9px;">(26,603)</div><div id="a101489" style="position:absolute;left:510.92px;top:254.9px;">(16,976)</div><div id="a101493" style="position:absolute;left:619.76px;top:254.9px;">(4,041)</div><div id="a101497" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272.4px;">Income before taxes and equity in net income<div style="display:inline-block;width:4.85px"> </div>of </div><div id="a101510" style="position:absolute;font-weight:bold;font-style:normal;left:14.379px;top:289.5px;">associated companies </div><div id="a101512" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:290.8px;">$ </div><div id="a101514" style="position:absolute;left:413.96px;top:290.8px;">27,139</div><div id="a101517" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:290.8px;">$ </div><div id="a101519" style="position:absolute;left:515.88px;top:290.8px;">28,904</div><div id="a101522" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:290.8px;">$ </div><div id="a101524" style="position:absolute;left:618px;top:290.8px;">83,098</div></div></div></div> 96379000 78297000 62686000 69163000 47014000 36119000 88356000 67512000 53739000 79690000 58881000 42931000 333588000 251704000 195475000 29790000 35477000 16661000 5541000 26678000 0 226000 11714000 0 38000000 0 0 143202000 104572000 83515000 57469000 27129000 7518000 59360000 46134000 87781000 -5618000 -254000 -642000 26603000 16976000 4041000 27139000 28904000 83098000 969551000 926122000 180037000 697821000 688663000 149984000 713004000 685476000 205424000 511458000 550055000 174220000 2891834000 2850316000 709665000 <div id="TextBlockContainer777" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101710" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101713" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101716" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101720" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.4px;">Segment long-lived assets </div><div id="a101735" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34.1px;">Americas </div><div id="a101737" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.1px;">$ </div><div id="a101739" style="position:absolute;left:407.24px;top:34.1px;">122,302</div><div id="a101742" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.1px;">$ </div><div id="a101744" style="position:absolute;left:509.16px;top:34.1px;">139,170</div><div id="a101747" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.1px;">$ </div><div id="a101749" style="position:absolute;left:618px;top:34.1px;">60,745</div><div id="a101754" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101757" style="position:absolute;left:413.96px;top:51px;">69,344</div><div id="a101761" style="position:absolute;left:515.88px;top:51px;">56,108</div><div id="a101765" style="position:absolute;left:618px;top:51px;">23,383</div><div id="a101770" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101773" style="position:absolute;left:407.24px;top:68px;">119,233</div><div id="a101777" style="position:absolute;left:509.16px;top:68px;">126,166</div><div id="a101781" style="position:absolute;left:618px;top:68px;">26,217</div><div id="a101786" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85.1px;">Global Specialty Businesses </div><div id="a101789" style="position:absolute;left:413.96px;top:85.1px;">59,091</div><div id="a101793" style="position:absolute;left:515.88px;top:85.1px;">69,184</div><div id="a101797" style="position:absolute;left:618px;top:85.1px;">26,949</div><div id="a101802" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.9px;">Total segment long-lived<div style="display:inline-block;width:5.02px"> </div>assets </div><div id="a101806" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a101808" style="position:absolute;left:407.24px;top:102.9px;">369,970</div><div id="a101811" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a101813" style="position:absolute;left:509.16px;top:102.9px;">390,628</div><div id="a101816" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a101818" style="position:absolute;left:611.28px;top:102.9px;">137,294</div></div> 122302000 139170000 60745000 69344000 56108000 23383000 119233000 126166000 26217000 59091000 69184000 26949000 369970000 390628000 137294000 <div id="TextBlockContainer783" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101927" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a101930" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a101933" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a101937" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Capital expenditures </div><div id="a101950" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:33.9px;">Americas </div><div id="a101952" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:33.9px;">$ </div><div id="a101954" style="position:absolute;left:420.52px;top:33.9px;">6,451</div><div id="a101957" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;">$ </div><div id="a101959" style="position:absolute;left:522.44px;top:33.9px;">6,404</div><div id="a101962" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;">$ </div><div id="a101964" style="position:absolute;left:624.56px;top:33.9px;">3,401</div><div id="a101969" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:51px;">EMEA </div><div id="a101972" style="position:absolute;left:420.52px;top:51px;">3,844</div><div id="a101976" style="position:absolute;left:522.44px;top:51px;">3,263</div><div id="a101980" style="position:absolute;left:624.56px;top:51px;">2,081</div><div id="a101985" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a101988" style="position:absolute;left:420.52px;top:68px;">5,688</div><div id="a101992" style="position:absolute;left:522.44px;top:68px;">3,857</div><div id="a101996" style="position:absolute;left:624.56px;top:68px;">6,059</div><div id="a102001" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a102004" style="position:absolute;left:420.52px;top:85px;">1,918</div><div id="a102008" style="position:absolute;left:522.44px;top:85px;">2,021</div><div id="a102012" style="position:absolute;left:624.56px;top:85px;">1,345</div><div id="a102017" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.9px;">Total segment capital<div style="display:inline-block;width:4.85px"> </div>expenditures </div><div id="a102019" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.9px;">$ </div><div id="a102021" style="position:absolute;left:413.96px;top:102.9px;">17,901</div><div id="a102024" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.9px;">$ </div><div id="a102026" style="position:absolute;left:515.88px;top:102.9px;">15,545</div><div id="a102029" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.9px;">$ </div><div id="a102031" style="position:absolute;left:618px;top:102.9px;">12,886</div></div><div id="TextBlockContainer788" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_786_XBRL_TS_8230378ebdf946da876e8c3878ab85fd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer787" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102038" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2020 </div><div id="a102041" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2019 </div><div id="a102044" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2018 </div><div id="a102048" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Depreciation </div><div id="a102061" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:34px;">Americas </div><div id="a102063" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34px;">$ </div><div id="a102065" style="position:absolute;left:413.96px;top:34px;">12,322</div><div id="a102068" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34px;">$ </div><div id="a102070" style="position:absolute;left:522.44px;top:34px;">7,500</div><div id="a102073" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34px;">$ </div><div id="a102075" style="position:absolute;left:624.56px;top:34px;">4,225</div><div id="a102080" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:50.9px;">EMEA </div><div id="a102083" style="position:absolute;left:420.52px;top:50.9px;">6,813</div><div id="a102087" style="position:absolute;left:522.44px;top:50.9px;">4,560</div><div id="a102091" style="position:absolute;left:624.56px;top:50.9px;">3,434</div><div id="a102096" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:68px;">Asia/Pacific </div><div id="a102099" style="position:absolute;left:420.52px;top:68px;">4,672</div><div id="a102103" style="position:absolute;left:522.44px;top:68px;">3,458</div><div id="a102107" style="position:absolute;left:624.56px;top:68px;">2,552</div><div id="a102112" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:85px;">Global Specialty Businesses </div><div id="a102115" style="position:absolute;left:420.52px;top:85px;">3,544</div><div id="a102119" style="position:absolute;left:522.44px;top:85px;">2,248</div><div id="a102123" style="position:absolute;left:624.56px;top:85px;">1,985</div><div id="a102128" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:102.8px;">Total segment depreciation </div><div id="a102130" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:102.8px;">$ </div><div id="a102132" style="position:absolute;left:413.96px;top:102.8px;">27,351</div><div id="a102135" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:102.8px;">$ </div><div id="a102137" style="position:absolute;left:515.88px;top:102.8px;">17,766</div><div id="a102140" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:102.8px;">$ </div><div id="a102142" style="position:absolute;left:618px;top:102.8px;">12,196</div></div></div></div> 6451000 6404000 3401000 3844000 3263000 2081000 5688000 3857000 6059000 1918000 2021000 1345000 17901000 15545000 12886000 12322000 7500000 4225000 6813000 4560000 3434000 4672000 3458000 2552000 3544000 2248000 1985000 27351000 17766000 12196000 <div id="TextBlockContainer792" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102425" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 5 – Net Sales and Revenue Recognition </div><div id="a102441" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:25.6px;">Business Description </div><div id="a102445" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:49px;">The Company develops, produces, and markets a broad<div style="display:inline-block;width:4.77px"> </div>range of formulated chemical specialty products and offers<div style="display:inline-block;width:4.85px"> </div>chemical </div><div id="a102479" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.3px;">management services (“Fluidcare”) for various heavy<div style="display:inline-block;width:4.74px"> </div>industrial and manufacturing applications throughout its four<div style="display:inline-block;width:4.89px"> </div>segments.<div style="display:inline-block;width:6.78px"> </div>The </div><div id="a102510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:79.7px;">Combination increased the Company’s<div style="display:inline-block;width:5.06px"> </div>addressable metalworking, metals and industrial end markets, including<div style="display:inline-block;width:4.9px"> </div>steel, aluminum, </div><div id="a102538" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:94.9px;">aerospace,<div style="display:inline-block;width:3.73px"> </div>defense, transportation-OEM, transportation-components, offshore<div style="display:inline-block;width:5.05px"> </div>sub-sea energy,<div style="display:inline-block;width:4.9px"> </div>architectural aluminum, construction, </div><div id="a102565" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:110.2px;">tube and pipe, can and container,<div style="display:inline-block;width:4.77px"> </div>mining, specialty coatings and specialty greases.<div style="display:inline-block;width:7.89px"> </div>The Combination also strengthened the product </div><div id="a102602" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:125.6px;">portfolio of the combined Company.<div style="display:inline-block;width:8.44px"> </div>The major product lines of Quaker Houghton include metal removal<div style="display:inline-block;width:4.8px"> </div>fluids, cleaning fluids, </div><div id="a102638" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141px;">corrosion inhibitors, metal drawing and forming fluids, die<div style="display:inline-block;width:4.8px"> </div>cast mold releases, heat treatment and quenchants, metal forging<div style="display:inline-block;width:4.89px"> </div>fluids, </div><div id="a102674" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:156.3px;">hydraulic fluids, specialty greases, offshore<div style="display:inline-block;width:4.82px"> </div>sub-sea energy control fluids, rolling lubricants, rod<div style="display:inline-block;width:4.72px"> </div>and wire drawing fluids and surface </div><div id="a102713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.7px;">treatment chemicals. </div><div id="a102717" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:194.9px;">A substantial portion of the Company’s<div style="display:inline-block;width:5.01px"> </div>sales worldwide are made directly through its own employees<div style="display:inline-block;width:4.81px"> </div>and its Fluidcare programs, </div><div id="a102756" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:210.2px;">with the balance being handled through distributors and<div style="display:inline-block;width:4.72px"> </div>agents.<div style="display:inline-block;width:6.75px"> </div>The Company’s employees typic<div style="display:inline-block;width:1.42px"> </div>ally visit the plants of customers </div><div id="a102793" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:225.6px;">regularly, work<div style="display:inline-block;width:4.62px"> </div>on site, and, through training and experience, identify production<div style="display:inline-block;width:4.75px"> </div>needs,<div style="display:inline-block;width:3.56px"> </div>which can be resolved or otherwise addressed </div><div id="a102832" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:241px;">either by adapting the Company’s<div style="display:inline-block;width:4.95px"> </div>existing products or by applying new formulations developed<div style="display:inline-block;width:4.7px"> </div>in its laboratories.<div style="display:inline-block;width:7.08px"> </div>The specialty </div><div id="a102868" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:256.4px;">chemical industry comprises many companies similar in<div style="display:inline-block;width:4.7px"> </div>size to the Company,<div style="display:inline-block;width:4.77px"> </div>as well as companies larger and smaller than Quaker </div><div id="a102908" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:271.6px;">Houghton.<div style="display:inline-block;width:7.11px"> </div>The offerings of many of the Company’s<div style="display:inline-block;width:5.18px"> </div>competitors differ from those of Quaker Houghton;<div style="display:inline-block;width:4.8px"> </div>some offer a broad portfolio </div><div id="a102949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:286.9px;">of fluids, including general lubricants, while others have<div style="display:inline-block;width:4.72px"> </div>a more specialized product range.<div style="display:inline-block;width:7.44px"> </div>All competitors provide different levels of </div><div id="a102987" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:302.3px;">technical services to individual customers. Competition<div style="display:inline-block;width:4.7px"> </div>in the industry is based primarily on the ability to provide products that meet </div><div id="a103028" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:317.6px;">the needs of the customer, render<div style="display:inline-block;width:4.78px"> </div>technical services and laboratory assistance to the customer and,<div style="display:inline-block;width:4.96px"> </div>to a lesser extent, on price. </div><div id="a103070" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:341px;">As part of the Company’s<div style="display:inline-block;width:4.84px"> </div>Fluidcare business, certain third-party product sales to customers are<div style="display:inline-block;width:4.79px"> </div>managed by the Company.<div style="display:inline-block;width:8.3px"> </div>Where </div><div id="a103110" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:356.4px;">the Company acts as a principal, revenues are recognized<div style="display:inline-block;width:4.67px"> </div>on a gross reporting basis at the selling price negotiated with<div style="display:inline-block;width:4.77px"> </div>its customers.<div style="display:inline-block;width:3.61px"> </div></div><div id="a103155" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:371.6px;">Where the Company acts as an agent, revenue is recognized on<div style="display:inline-block;width:4.88px"> </div>a net reporting basis at the amount of the administrative fee earned<div style="display:inline-block;width:4.74px"> </div>by </div></div><div id="TextBlockContainer794" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:800px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a103252" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">the Company for ordering the goods.<div style="display:inline-block;width:7.5px"> </div>In determining whether the Company is acting as a principal<div style="display:inline-block;width:4.78px"> </div>or an agent in each arrangement, </div><div id="a103296" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the Company considers whether it is primarily responsible<div style="display:inline-block;width:4.77px"> </div>for the obligation to provide the specified good, has inventory<div style="display:inline-block;width:4.69px"> </div>risk before </div><div id="a103336" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">the specified good has been transferred to the customer<div style="display:inline-block;width:4.72px"> </div>and has discretion in establishing the prices for the specified<div style="display:inline-block;width:4.72px"> </div>goods.<div style="display:inline-block;width:6.87px"> </div>The </div><div id="a103378" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Company transferred third-party products under arrangements<div style="display:inline-block;width:4.74px"> </div>resulting in net reporting of $</div><div id="a103378_91_4" style="position:absolute;left:496.04px;top:46.1px;">42.5</div><div id="a103378_95_11" style="position:absolute;font-weight:normal;font-style:normal;left:519.4px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>million, $</div><div id="a103378_106_4" style="position:absolute;left:574.6px;top:46.1px;">48.0</div><div id="a103378_110_14" style="position:absolute;font-weight:normal;font-style:normal;left:598px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a103378_124_4" style="position:absolute;left:672.559px;top:46.1px;">47.1</div><div id="a103378_128_1" style="position:absolute;font-weight:normal;font-style:normal;left:695.919px;top:46.1px;"> </div><div id="a103417" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">million for the years ended December 31, 2020,<div style="display:inline-block;width:4.54px"> </div>2019 and 2018, respectively. </div><div id="a103443" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:84.6px;">A significant portion of the Company’s<div style="display:inline-block;width:5.11px"> </div>revenues are realized from the sale of process fluids and services<div style="display:inline-block;width:4.8px"> </div>to manufacturers of </div><div id="a103483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">steel, aluminum, automobiles, aircraft, industrial equipment,<div style="display:inline-block;width:4.65px"> </div>and durable goods, and, therefore, the Company is subject<div style="display:inline-block;width:4.83px"> </div>to the same </div><div id="a103519" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">business cycles as those experienced by these manufacturers and<div style="display:inline-block;width:4.87px"> </div>their customers.<div style="display:inline-block;width:7.04px"> </div>The Company’s financial performance<div style="display:inline-block;width:4.83px"> </div>is generally </div><div id="a103553" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">correlated to the volume of global production within the<div style="display:inline-block;width:4.8px"> </div>industries it serves, rather than discretely related to the financial performance </div><div id="a103594" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">of such industries.<div style="display:inline-block;width:7.18px"> </div>Furthermore, steel and aluminum customers typically have<div style="display:inline-block;width:4.82px"> </div>limited manufacturing locations compared to </div><div id="a103625" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">metalworking customers and generally use higher<div style="display:inline-block;width:4.61px"> </div>volumes of products at a single location.<div style="display:inline-block;width:7.73px"> </div>During the year ended December 31, </div><div id="a103663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">2020,<div style="display:inline-block;width:3.56px"> </div>the Company’s five largest<div style="display:inline-block;width:4.74px"> </div>customers (each composed of multiple subsidiaries or<div style="display:inline-block;width:4.7px"> </div>divisions with semiautonomous purchasing </div><div id="a103697" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">authority) accounted for approximately </div><div id="a103697_39_2" style="position:absolute;left:217.133px;top:192px;">10</div><div id="a103697_41_84" style="position:absolute;font-weight:normal;font-style:normal;left:230.573px;top:192px;">% of consolidated net sales, with its largest customer accounting<div style="display:inline-block;width:5.01px"> </div>for approximately </div><div id="a103697_125_1" style="position:absolute;left:677.36px;top:192px;">3</div><div id="a103697_126_5" style="position:absolute;font-weight:normal;font-style:normal;left:684.08px;top:192px;">% of </div><div id="a103736" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">consolidated net sales. </div><div id="a103742" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:230.8px;">Revenue Recognition Model </div><div id="a103748" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:254.1px;">The Company applies the FASB’s<div style="display:inline-block;width:5.61px"> </div>guidance on revenue recognition which requires the<div style="display:inline-block;width:4.82px"> </div>Company to recognize revenue in an </div><div id="a103784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:269.3px;">amount that reflects the consideration to which the Company<div style="display:inline-block;width:4.75px"> </div>expects to be entitled in exchange for goods or services transferred<div style="display:inline-block;width:5.01px"> </div>to its </div><div id="a103828" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284.7px;">customers.<div style="display:inline-block;width:7.03px"> </div>To do this, the Company<div style="display:inline-block;width:4.92px"> </div>applies the five-step model in the FASB’s<div style="display:inline-block;width:5.73px"> </div>guidance, which requires the Company to: (i) identify </div><div id="a103873" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300px;">the contract with a customer; (ii) identify the performance<div style="display:inline-block;width:4.76px"> </div>obligations in the contract; (iii) determine the transaction price;<div style="display:inline-block;width:4.71px"> </div>(iv) allocate </div><div id="a103913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">the transaction price to the performance obligations in the<div style="display:inline-block;width:4.78px"> </div>contract; and (v) recognize revenue when, or as, the Company<div style="display:inline-block;width:4.92px"> </div>satisfies a </div><div id="a103955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.8px;">performance obligation. </div><div id="a103959" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:354px;">The Company identifies a contract with a customer when a<div style="display:inline-block;width:4.74px"> </div>sales agreement indicates approval and commitment of the parties; </div><div id="a103998" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:369.3px;">identifies the rights of the parties; identifies the payment<div style="display:inline-block;width:4.83px"> </div>terms; has commercial substance; and it is probable that the<div style="display:inline-block;width:4.73px"> </div>Company will </div><div id="a104040" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:384.7px;">collect the consideration to which it will be entitled in<div style="display:inline-block;width:4.72px"> </div>exchange for the goods or services that will be transferr<div style="display:inline-block;width:1.34px"> </div>ed to the customer.<div style="display:inline-block;width:7.85px"> </div>In </div><div id="a104089" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:400px;">most instances, the Company’s<div style="display:inline-block;width:4.8px"> </div>contract with a customer is the customer’s<div style="display:inline-block;width:4.73px"> </div>purchase order.<div style="display:inline-block;width:7.68px"> </div>For certain customers, the Company may </div><div id="a104127" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:415.4px;">also enter into a sales agreement which outlines a<div style="display:inline-block;width:4.55px"> </div>framework of terms and conditions which apply to all future<div style="display:inline-block;width:4.71px"> </div>and subsequent </div><div id="a104169" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430.8px;">purchase orders for that customer.<div style="display:inline-block;width:8.34px"> </div>In these situations, the Company’s<div style="display:inline-block;width:4.82px"> </div>contract with the customer is both the sales agreement as well as </div><div id="a104213" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:446px;">the specific customer purchase order.<div style="display:inline-block;width:8.35px"> </div>Because the Company’s contract<div style="display:inline-block;width:4.91px"> </div>with a customer is typically for a single transaction or </div><div id="a104251" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:461.3px;">customer purchase order, the duration<div style="display:inline-block;width:4.71px"> </div>of the contract is almost always one year or less.<div style="display:inline-block;width:7.78px"> </div>As a result, the Company has elected to apply </div><div id="a104299" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:476.7px;">certain practical expedients and omit certain disclosures of<div style="display:inline-block;width:4.8px"> </div>remaining performance obligations for contracts that have an<div style="display:inline-block;width:4.58px"> </div>initial term of </div><div id="a104338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:492.1px;">one year or less as permitted by the FASB. </div><div id="a104356" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:515.4px;">The Company identifies a performance obligation in a<div style="display:inline-block;width:4.7px"> </div>contract for each promised good or service that is separately identifiable </div><div id="a104395" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:530.8px;">from other obligations in the contract and for which the<div style="display:inline-block;width:4.77px"> </div>customer can benefit from the good or service either on its own or together </div><div id="a104443" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:546px;">with other resources that are readily available to<div style="display:inline-block;width:4.7px"> </div>the customer.<div style="display:inline-block;width:7.59px"> </div>The Company determines the transaction price as the amount<div style="display:inline-block;width:4.73px"> </div>of </div><div id="a104484" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:561.3px;">consideration it expects to be entitled to in exchange<div style="display:inline-block;width:4.64px"> </div>for fulfilling the performance obligations, including the<div style="display:inline-block;width:4.76px"> </div>effects of any variable </div><div id="a104524" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:576.7px;">consideration, significant financing elements, amounts<div style="display:inline-block;width:4.76px"> </div>payable to the customer or noncash consideration.<div style="display:inline-block;width:7.78px"> </div>For any contracts that have </div><div id="a104558" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:592.1px;">more than one performance obligation, the Company<div style="display:inline-block;width:4.77px"> </div>allocates the transaction price to each performance obligation<div style="display:inline-block;width:4.79px"> </div>in an amount that </div><div id="a104596" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:607.4px;">depicts the amount of consideration to which the Company<div style="display:inline-block;width:4.82px"> </div>expects to be entitled in exchange for satisfying each performance </div><div id="a104634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:622.8px;">obligation. </div><div id="a104636" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:646px;">In accordance with the last step of the FASB’s<div style="display:inline-block;width:6.05px"> </div>guidance, the Company recognizes revenue when,<div style="display:inline-block;width:4.78px"> </div>or as, it satisfies the </div><div id="a104676" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:661.3px;">performance obligation in a contract by transferring control<div style="display:inline-block;width:4.85px"> </div>of a promised good or providing the service to the customer.<div style="display:inline-block;width:8.7px"> </div>The </div><div id="a104716" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:676.7px;">Company recognizes revenue over time as the customer<div style="display:inline-block;width:4.82px"> </div>receives and consumes the benefits provided by the Company’s<div style="display:inline-block;width:5.39px"> </div>performance; </div><div id="a104752" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:692.1px;">the Company’s performance<div style="display:inline-block;width:4.93px"> </div>creates or enhances an asset that the customer controls as the<div style="display:inline-block;width:4.57px"> </div>asset is created or enhanced; or the </div><div id="a104795" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:707.5px;">Company’s performance<div style="display:inline-block;width:4.79px"> </div>does not create an asset with an alternative use to the entity,<div style="display:inline-block;width:5.62px"> </div>and the entity has an enforceable right to </div><div id="a104839" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:722.7px;">payment, including a profit margin, for performance<div style="display:inline-block;width:4.98px"> </div>completed to date.<div style="display:inline-block;width:7.08px"> </div>For performance obligations not satisfied over time, the </div><div id="a104875" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:738px;">Company determines the point in time at which a customer<div style="display:inline-block;width:4.62px"> </div>obtains control of an asset and the Company satisfies a performance </div><div id="a104917" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:753.4px;">obligation by considering when the Company has a right<div style="display:inline-block;width:4.71px"> </div>to payment for the asset; the customer has legal title to the<div style="display:inline-block;width:4.74px"> </div>asset; the </div><div id="a104964" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:768.7px;">Company has transferred physical possession of the asset; the<div style="display:inline-block;width:4.73px"> </div>customer has the significant risks and rewards of ownership<div style="display:inline-block;width:4.72px"> </div>of the asset; </div><div id="a105006" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:784.1px;">or the customer has accepted the asset.</div></div><div id="TextBlockContainer796" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:809px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105069" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company typically satisfies its performance obligations<div style="display:inline-block;width:4.75px"> </div>and recognizes revenue at a point in time for product<div style="display:inline-block;width:4.73px"> </div>sales, generally </div><div id="a105107" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">when products are shipped or delivered to the customer,<div style="display:inline-block;width:5.24px"> </div>depending on the terms underlying each arrangement.<div style="display:inline-block;width:8.04px"> </div>In circumstances </div><div id="a105143" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">where the Company’s<div style="display:inline-block;width:4.7px"> </div>products are on consignment, revenue is generally recognized<div style="display:inline-block;width:4.68px"> </div>upon usage or consumption by the customer.<div style="display:inline-block;width:8.48px"> </div>For </div><div id="a105181" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">any Fluidcare or other services provided by the Company<div style="display:inline-block;width:4.79px"> </div>to the customer, the Company typically satisfies its<div style="display:inline-block;width:4.82px"> </div>performance obligations </div><div id="a105219" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">and recognizes revenue over time, as the promised services<div style="display:inline-block;width:4.73px"> </div>are performed.<div style="display:inline-block;width:7.15px"> </div>The Company uses input methods to recognize revenue </div><div id="a105257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">over time related to these services, including labor costs<div style="display:inline-block;width:4.71px"> </div>and time incurred.<div style="display:inline-block;width:7.21px"> </div>The Company believes that these input methods represent </div><div id="a105298" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">the most indicative measure of the Fluidcare or other service<div style="display:inline-block;width:4.7px"> </div>work performed by the Company. </div><div id="a105328" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:115.4px;">Other Considerations </div><div id="a105332" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:138.7px;">The Company does not have standard payment terms for<div style="display:inline-block;width:4.89px"> </div>all customers, however the Company’s<div style="display:inline-block;width:4.9px"> </div>general payment terms require </div><div id="a105368" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">customers to pay for products or services provided after<div style="display:inline-block;width:4.7px"> </div>the performance obligation is satisfied.<div style="display:inline-block;width:7.54px"> </div>The Company does not have </div><div id="a105406" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">significant financing arrangements with its customers.<div style="display:inline-block;width:7.93px"> </div>The Company does not have significant amounts of variable<div style="display:inline-block;width:4.75px"> </div>consideration in </div><div id="a105440" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">its contracts with customers and where applicable,<div style="display:inline-block;width:4.71px"> </div>the Company’s estimates of variable<div style="display:inline-block;width:4.7px"> </div>consideration are not constrained.<div style="display:inline-block;width:7.38px"> </div>The </div><div id="a105475" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">Company records certain third-party license fees in<div style="display:inline-block;width:4.57px"> </div>other income (expense), net, in its Consolidated Statement<div style="display:inline-block;width:4.79px"> </div>of Income, which </div><div id="a105513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">generally include sales-based royalties in exchange for<div style="display:inline-block;width:4.7px"> </div>the license of intellectual property.<div style="display:inline-block;width:8.15px"> </div>These license fees are recognized in </div><div id="a105551" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">accordance with their agreed-upon terms and when performance<div style="display:inline-block;width:4.83px"> </div>obligations are satisfied, which is generally when the<div style="display:inline-block;width:4.71px"> </div>third party has a </div><div id="a105593" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">subsequent sale. </div><div id="a105597" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:269.5px;">Practical Expedients and Accounting Policy Elections </div><div id="a105609" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:292.7px;">The Company has made certain accounting<div style="display:inline-block;width:4.57px"> </div>policy elections and elected to use certain practical expedients as permitted<div style="display:inline-block;width:4.94px"> </div>by the </div><div id="a105648" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:308px;">FASB in applying<div style="display:inline-block;width:4.83px"> </div>the guidance on revenue recognition.<div style="display:inline-block;width:7.66px"> </div>The Company does not adjust the promised amount of consideration for<div style="display:inline-block;width:4.69px"> </div>the </div><div id="a105688" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:323.4px;">effects of a significant financing compon<div style="display:inline-block;width:1.41px"> </div>ent as the Company expects, at contract inception, that the<div style="display:inline-block;width:4.55px"> </div>period between when the </div><div id="a105727" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:338.8px;">Company transfers a promised good or service to the<div style="display:inline-block;width:4.81px"> </div>customer and when the customer pays for that good or service will be one<div style="display:inline-block;width:4.69px"> </div>year or </div><div id="a105777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:354px;">less.<div style="display:inline-block;width:6.68px"> </div>In addition, the Company expenses<div style="display:inline-block;width:4.28px"> </div>costs to obtain a contract as incurred when the expected<div style="display:inline-block;width:4.72px"> </div>period of benefit, and therefore the </div><div id="a105822" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:369.3px;">amortization period, is one year or less.<div style="display:inline-block;width:7.72px"> </div>In addition, the Company excludes from the measurement of<div style="display:inline-block;width:4.7px"> </div>the transaction price all taxes </div><div id="a105864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:384.7px;">assessed by a governmental authority that are both imposed<div style="display:inline-block;width:4.76px"> </div>on and concurrent with a specific revenue-producing<div style="display:inline-block;width:4.78px"> </div>transaction and </div><div id="a105902" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:400px;">collected by the entity from a customer,<div style="display:inline-block;width:4.98px"> </div>including sales, use, value added, excise and various other taxes.<div style="display:inline-block;width:8.1px"> </div>Lastly, the Company<div style="display:inline-block;width:4.56px"> </div>has </div><div id="a105944" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:415.4px;">elected to account for shipping and handling activities that<div style="display:inline-block;width:4.76px"> </div>occur after the customer has obtained control of a good<div style="display:inline-block;width:4.83px"> </div>as a fulfilment cost, </div><div id="a105990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430.8px;">rather than an additional promised service. </div><div id="a106002" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:454.1px;">Contract Assets and Liabilities </div><div id="a106010" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:477.3px;">The Company recognizes a contract asset or receivable<div style="display:inline-block;width:4.63px"> </div>on its Consolidated Balance Sheet when the Company performs<div style="display:inline-block;width:4.76px"> </div>a service </div><div id="a106048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:492.7px;">or transfers a good in advance of receiving consideration.<div style="display:inline-block;width:8.23px"> </div>A receivable is the Company’s<div style="display:inline-block;width:4.7px"> </div>right to consideration that is unconditional </div><div id="a106088" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:508.1px;">and only the passage of time is required before payment<div style="display:inline-block;width:4.71px"> </div>of that consideration is due.<div style="display:inline-block;width:7.44px"> </div>A contract asset is the Company’s right<div style="display:inline-block;width:4.89px"> </div>to </div><div id="a106134" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:523.4px;">consideration in exchange for goods<div style="display:inline-block;width:4.32px"> </div>or services that the Company has transferred to a customer.<div style="display:inline-block;width:8.75px"> </div>The Company had no material </div><div id="a106175" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:538.8px;">contract assets recorded on its Consolidated Balance Sheets<div style="display:inline-block;width:4.73px"> </div>as of December 31, 2020 and 2019.<div style="display:inline-block;width:4.01px"> </div></div><div id="a106207" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:562px;">A contract liability is recognized when the Company<div style="display:inline-block;width:4.7px"> </div>receives consideration, or if it has the unconditional right<div style="display:inline-block;width:4.72px"> </div>to receive </div><div id="a106245" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:577.3px;">consideration, in advance of performance.<div style="display:inline-block;width:7.82px"> </div>A contract liability is the Company’s<div style="display:inline-block;width:4.98px"> </div>obligation to transfer goods or services to a customer </div><div id="a106286" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:592.7px;">for which the Company has received consideration,<div style="display:inline-block;width:4.73px"> </div>or a specified amount of consideration is due, from the customer.<div style="display:inline-block;width:8.96px"> </div>The Company’s </div><div id="a106327" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:608.1px;">contract liabilities primarily represent deferred revenue<div style="display:inline-block;width:4.7px"> </div>recorded for customer payments received by the Company<div style="display:inline-block;width:4.73px"> </div>prior to the </div><div id="a106361" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:623.4px;">Company satisfying the associated performance obligation.<div style="display:inline-block;width:8px"> </div>The Company acquired and recorded an immaterial<div style="display:inline-block;width:4.7px"> </div>amount of deferred </div><div id="a106393" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:638.6px;">revenue as of the respective opening balance sheet dates<div style="display:inline-block;width:4.76px"> </div>related to the Combination and Norman Hay acquisition.<div style="display:inline-block;width:7.99px"> </div>Deferred revenues </div><div id="a106431" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:654px;">are presented within other accrued liabilities in the Company’s<div style="display:inline-block;width:5.67px"> </div>Consolidated Balance Sheets.<div style="display:inline-block;width:7.35px"> </div>The Company had approximately $</div><div id="a106431_125_3" style="position:absolute;left:696.56px;top:654px;">4.0</div><div id="a106431_128_1" style="position:absolute;font-weight:normal;font-style:normal;left:713.2px;top:654px;"> </div><div id="a106466" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:669.3px;">million and $</div><div id="a106466_13_3" style="position:absolute;left:75.658px;top:669.3px;">2.2</div><div id="a106466_16_114" style="position:absolute;font-weight:normal;font-style:normal;left:92.293px;top:669.3px;"><div style="display:inline-block;width:3.36px"> </div>million of deferred revenue as of December 31, 2020 and 2019,<div style="display:inline-block;width:4.68px"> </div>respectively.<div style="display:inline-block;width:7.79px"> </div>During the years ended December 31, </div><div id="a106512" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:684.7px;">2020 and 2019,<div style="display:inline-block;width:3.85px"> </div>respectively, the Company satisfied<div style="display:inline-block;width:4.78px"> </div>all of the associated performance obligations and recognized<div style="display:inline-block;width:4.88px"> </div>into revenue the </div><div id="a106550" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:700.1px;">advance payments received and recorded as of December<div style="display:inline-block;width:4.76px"> </div>31, 2020, 2019 and 2018, respectively. </div><div id="a106579" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:723.5px;">Disaggregated Revenue </div><div id="a106583" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:746.7px;">The Company sells its various industrial process fluids,<div style="display:inline-block;width:4.77px"> </div>its specialty chemicals and its technical expertise as a global<div style="display:inline-block;width:4.58px"> </div>product </div><div id="a106623" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:762px;">portfolio.<div style="display:inline-block;width:7.04px"> </div>The Company generally manages and evaluates its performance<div style="display:inline-block;width:4.77px"> </div>by segment first, and then by customer industry,<div style="display:inline-block;width:5.37px"> </div>rather than </div><div id="a106661" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:777.4px;">by individual product lines.<div style="display:inline-block;width:7.41px"> </div>Also, net sales of each of the Company’s<div style="display:inline-block;width:4.94px"> </div>major product lines are generally spread throughout all three<div style="display:inline-block;width:4.75px"> </div>of </div><div id="a106706" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:792.7px;">the Company’s geographic<div style="display:inline-block;width:4.87px"> </div>regions, and in most cases, approximately proportionate<div style="display:inline-block;width:4.74px"> </div>to the level of total sales in each region.</div></div><div id="TextBlockContainer798" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106795" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following tables present disaggregated information<div style="display:inline-block;width:4.77px"> </div>regarding the Company’s net<div style="display:inline-block;width:4.8px"> </div>sales, first by major product lines that </div><div id="a106829" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">represent more than 10% of the Company’s<div style="display:inline-block;width:5.2px"> </div>consolidated net sales for any of the years ended December<div style="display:inline-block;width:4.6px"> </div>31, 2020, 2019 and 2018,<div style="display:inline-block;width:4.19px"> </div>and </div><div id="a106876" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">followed then by a disaggregation of the Company’s<div style="display:inline-block;width:5.29px"> </div>net sales by segment, geographic region, customer industry,<div style="display:inline-block;width:5.59px"> </div>and timing of </div><div id="a106914" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">revenue recognized for the years ended December 31, 2020,<div style="display:inline-block;width:4.76px"> </div>2019 and 2018.</div></div><div id="TextBlockContainer801" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106941" style="position:absolute;font-weight:bold;font-style:normal;left:420.2px;top:0px;">2020 </div><div id="a106944" style="position:absolute;font-weight:bold;font-style:normal;left:538.12px;top:0px;">2019 </div><div id="a106947" style="position:absolute;font-weight:bold;font-style:normal;left:656.24px;top:0px;">2018 </div><div id="a106949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Metal removal fluids </div><div id="a106952" style="position:absolute;left:444.36px;top:17.3px;">23.9</div><div id="a106954" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:17.2px;">% </div><div id="a106957" style="position:absolute;left:562.28px;top:17.3px;">19.9</div><div id="a106959" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:17.2px;">% </div><div id="a106962" style="position:absolute;left:680.4px;top:17.3px;">15.4</div><div id="a106964" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:17.2px;">% </div><div id="a106966" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Rolling lubricants </div><div id="a106968" style="position:absolute;left:444.36px;top:33.9px;">21.8</div><div id="a106970" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:33.8px;">% </div><div id="a106973" style="position:absolute;left:562.28px;top:33.9px;">21.9</div><div id="a106975" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:33.8px;">% </div><div id="a106978" style="position:absolute;left:680.4px;top:33.9px;">25.5</div><div id="a106980" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:33.8px;">% </div><div id="a106982" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Hydraulic fluids </div><div id="a106984" style="position:absolute;left:444.36px;top:50.9px;">13.3</div><div id="a106986" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:50.8px;">% </div><div id="a106989" style="position:absolute;left:562.28px;top:50.9px;">13.0</div><div id="a106991" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:50.8px;">% </div><div id="a106994" style="position:absolute;left:680.4px;top:50.9px;">13.0</div><div id="a106996" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:50.8px;">%</div></div><div id="TextBlockContainer806" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_804_XBRL_TS_ba63a6db076842308077d4f8bbdd0c56" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer805" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107000" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2020 </div><div id="a107012" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a107015" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31px;">Americas </div><div id="a107018" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31px;">EMEA </div><div id="a107021" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31px;">Asia/Pacific </div><div id="a107024" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31px;">Total </div><div id="a107026" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107039" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a107041" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.5px;">$ </div><div id="a107043" style="position:absolute;left:319.693px;top:64.7px;">163,135</div><div id="a107046" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.5px;">$ </div><div id="a107048" style="position:absolute;left:437.8px;top:64.7px;">107,880</div><div id="a107051" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.5px;">$ </div><div id="a107053" style="position:absolute;left:555.72px;top:64.7px;">168,096</div><div id="a107056" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.5px;">$ </div><div id="a107058" style="position:absolute;left:671.76px;top:64.7px;">439,111</div><div id="a107060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Metalworking and other </div><div id="a107063" style="position:absolute;left:319.693px;top:81.6px;">287,026</div><div id="a107067" style="position:absolute;left:437.8px;top:81.6px;">275,307</div><div id="a107071" style="position:absolute;left:555.72px;top:81.6px;">147,203</div><div id="a107075" style="position:absolute;left:671.76px;top:81.6px;">709,536</div><div id="a107079" style="position:absolute;left:319.693px;top:98.9px;">450,161</div><div id="a107083" style="position:absolute;left:437.8px;top:98.9px;">383,187</div><div id="a107087" style="position:absolute;left:555.72px;top:98.9px;">315,299</div><div id="a107091" style="position:absolute;left:661.84px;top:98.9px;">1,148,647</div><div id="a107093" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107096" style="position:absolute;left:319.693px;top:115.7px;">154,796</div><div id="a107100" style="position:absolute;left:444.52px;top:115.7px;">68,164</div><div id="a107104" style="position:absolute;left:562.44px;top:115.7px;">46,070</div><div id="a107108" style="position:absolute;left:671.76px;top:115.7px;">269,030</div><div id="a107111" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.4px;">$ </div><div id="a107113" style="position:absolute;left:319.693px;top:133.5px;">604,957</div><div id="a107116" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.4px;">$ </div><div id="a107118" style="position:absolute;left:437.8px;top:133.5px;">451,351</div><div id="a107121" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.4px;">$ </div><div id="a107123" style="position:absolute;left:555.72px;top:133.5px;">361,369</div><div id="a107126" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.4px;">$ </div><div id="a107128" style="position:absolute;left:661.84px;top:133.5px;">1,417,677</div><div id="a107142" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a107155" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.6px;">Product sales at a point in time </div><div id="a107157" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.4px;">$ </div><div id="a107159" style="position:absolute;left:319.693px;top:185.6px;">580,663</div><div id="a107162" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.4px;">$ </div><div id="a107164" style="position:absolute;left:437.8px;top:185.6px;">434,549</div><div id="a107167" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.4px;">$ </div><div id="a107169" style="position:absolute;left:555.72px;top:185.6px;">352,917</div><div id="a107172" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.4px;">$ </div><div id="a107174" style="position:absolute;left:661.84px;top:185.6px;">1,368,129</div><div id="a107176" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.6px;">Services transferred over time </div><div id="a107179" style="position:absolute;left:326.413px;top:202.6px;">24,294</div><div id="a107183" style="position:absolute;left:444.52px;top:202.6px;">16,802</div><div id="a107187" style="position:absolute;left:569.04px;top:202.6px;">8,452</div><div id="a107191" style="position:absolute;left:678.48px;top:202.6px;">49,548</div><div id="a107194" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.5px;">$ </div><div id="a107196" style="position:absolute;left:319.693px;top:220.5px;">604,957</div><div id="a107199" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.5px;">$ </div><div id="a107201" style="position:absolute;left:437.8px;top:220.5px;">451,351</div><div id="a107204" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.5px;">$ </div><div id="a107206" style="position:absolute;left:555.72px;top:220.5px;">361,369</div><div id="a107209" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.5px;">$ </div><div id="a107211" style="position:absolute;left:661.84px;top:220.5px;">1,417,677</div></div></div></div><div id="TextBlockContainer809" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107215" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2019 </div><div id="a107226" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a107229" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a107232" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a107235" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a107238" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a107240" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a107255" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.5px;">$ </div><div id="a107257" style="position:absolute;left:319.693px;top:64.7px;">171,784</div><div id="a107260" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.5px;">$ </div><div id="a107262" style="position:absolute;left:437.8px;top:64.7px;">100,605</div><div id="a107265" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.5px;">$ </div><div id="a107267" style="position:absolute;left:555.72px;top:64.7px;">141,870</div><div id="a107270" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.5px;">$ </div><div id="a107272" style="position:absolute;left:671.76px;top:64.7px;">414,259</div><div id="a107274" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Metalworking and other </div><div id="a107277" style="position:absolute;left:319.693px;top:81.6px;">220,337</div><div id="a107281" style="position:absolute;left:437.8px;top:81.6px;">184,965</div><div id="a107285" style="position:absolute;left:555.72px;top:81.6px;">105,969</div><div id="a107289" style="position:absolute;left:671.76px;top:81.6px;">511,271</div><div id="a107293" style="position:absolute;left:319.693px;top:99.1px;">392,121</div><div id="a107297" style="position:absolute;left:437.8px;top:99.1px;">285,570</div><div id="a107301" style="position:absolute;left:555.72px;top:99.1px;">247,839</div><div id="a107305" style="position:absolute;left:671.76px;top:99.1px;">925,530</div><div id="a107307" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107310" style="position:absolute;left:319.693px;top:115.7px;">149,428</div><div id="a107314" style="position:absolute;left:444.52px;top:115.7px;">30,115</div><div id="a107318" style="position:absolute;left:562.44px;top:115.7px;">28,430</div><div id="a107322" style="position:absolute;left:671.76px;top:115.7px;">207,973</div><div id="a107325" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.4px;">$ </div><div id="a107327" style="position:absolute;left:319.693px;top:133.5px;">541,549</div><div id="a107330" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.4px;">$ </div><div id="a107332" style="position:absolute;left:437.8px;top:133.5px;">315,685</div><div id="a107335" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.4px;">$ </div><div id="a107337" style="position:absolute;left:555.72px;top:133.5px;">276,269</div><div id="a107340" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.4px;">$ </div><div id="a107342" style="position:absolute;left:661.84px;top:133.5px;">1,133,503</div><div id="a107356" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a107369" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.6px;">Product sales at a point in time </div><div id="a107371" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.4px;">$ </div><div id="a107373" style="position:absolute;left:319.693px;top:185.6px;">525,802</div><div id="a107376" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.4px;">$ </div><div id="a107378" style="position:absolute;left:437.8px;top:185.6px;">310,274</div><div id="a107381" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.4px;">$ </div><div id="a107383" style="position:absolute;left:555.72px;top:185.6px;">269,228</div><div id="a107386" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.4px;">$ </div><div id="a107388" style="position:absolute;left:661.84px;top:185.6px;">1,105,304</div><div id="a107390" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.6px;">Services transferred over time </div><div id="a107393" style="position:absolute;left:326.413px;top:202.6px;">15,747</div><div id="a107397" style="position:absolute;left:451.08px;top:202.6px;">5,411</div><div id="a107401" style="position:absolute;left:569.04px;top:202.6px;">7,041</div><div id="a107405" style="position:absolute;left:678.48px;top:202.6px;">28,199</div><div id="a107408" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.5px;">$ </div><div id="a107410" style="position:absolute;left:319.693px;top:220.5px;">541,549</div><div id="a107413" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.5px;">$ </div><div id="a107415" style="position:absolute;left:437.8px;top:220.5px;">315,685</div><div id="a107418" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.5px;">$ </div><div id="a107420" style="position:absolute;left:555.72px;top:220.5px;">276,269</div><div id="a107423" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.5px;">$ </div><div id="a107425" style="position:absolute;left:661.84px;top:220.5px;">1,133,503</div></div><div id="TextBlockContainer813" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107478" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2018 </div><div id="a107489" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a107492" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a107495" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a107498" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a107501" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a107503" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107516" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.8px;">Metals </div><div id="a107518" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a107520" style="position:absolute;left:319.693px;top:64.8px;">164,263</div><div id="a107523" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a107525" style="position:absolute;left:437.8px;top:64.8px;">101,028</div><div id="a107528" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a107530" style="position:absolute;left:555.72px;top:64.8px;">120,627</div><div id="a107533" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a107535" style="position:absolute;left:671.76px;top:64.8px;">385,918</div><div id="a107537" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a107540" style="position:absolute;left:319.693px;top:81.8px;">133,338</div><div id="a107544" style="position:absolute;left:437.8px;top:81.8px;">115,956</div><div id="a107548" style="position:absolute;left:562.44px;top:81.8px;">71,875</div><div id="a107552" style="position:absolute;left:671.76px;top:81.8px;">321,169</div><div id="a107556" style="position:absolute;left:319.693px;top:99px;">297,601</div><div id="a107560" style="position:absolute;left:437.8px;top:99px;">216,984</div><div id="a107564" style="position:absolute;left:555.72px;top:99px;">192,502</div><div id="a107568" style="position:absolute;left:671.76px;top:99px;">707,087</div><div id="a107570" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107573" style="position:absolute;left:319.693px;top:115.7px;">122,165</div><div id="a107577" style="position:absolute;left:444.52px;top:115.7px;">16,613</div><div id="a107581" style="position:absolute;left:562.44px;top:115.7px;">21,655</div><div id="a107585" style="position:absolute;left:671.76px;top:115.7px;">160,433</div><div id="a107588" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a107590" style="position:absolute;left:319.693px;top:133.6px;">419,766</div><div id="a107593" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a107595" style="position:absolute;left:437.8px;top:133.6px;">233,597</div><div id="a107598" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a107600" style="position:absolute;left:555.72px;top:133.6px;">214,157</div><div id="a107603" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a107605" style="position:absolute;left:671.76px;top:133.6px;">867,520</div><div id="a107619" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.8px;">Timing of Revenue Recognized </div><div id="a107632" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a107634" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a107636" style="position:absolute;left:319.693px;top:185.8px;">408,402</div><div id="a107639" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a107641" style="position:absolute;left:437.8px;top:185.8px;">233,372</div><div id="a107644" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a107646" style="position:absolute;left:555.72px;top:185.8px;">206,112</div><div id="a107649" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a107651" style="position:absolute;left:671.76px;top:185.8px;">847,886</div><div id="a107653" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.7px;">Services transferred over time </div><div id="a107656" style="position:absolute;left:326.413px;top:202.7px;">11,364</div><div id="a107660" style="position:absolute;left:461.16px;top:202.7px;">225</div><div id="a107664" style="position:absolute;left:569.04px;top:202.7px;">8,045</div><div id="a107668" style="position:absolute;left:678.48px;top:202.7px;">19,634</div><div id="a107671" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a107673" style="position:absolute;left:319.693px;top:220.5px;">419,766</div><div id="a107676" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a107678" style="position:absolute;left:437.8px;top:220.5px;">233,597</div><div id="a107681" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a107683" style="position:absolute;left:555.72px;top:220.5px;">214,157</div><div id="a107686" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a107688" style="position:absolute;left:671.76px;top:220.5px;">867,520</div></div> 42500000 48000000.0 47100000 0.10 0.03 4000000.0 2200000 <div id="TextBlockContainer802" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_800_XBRL_TS_17e938ee22134a36a354d07611759fa0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer801" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106941" style="position:absolute;font-weight:bold;font-style:normal;left:420.2px;top:0px;">2020 </div><div id="a106944" style="position:absolute;font-weight:bold;font-style:normal;left:538.12px;top:0px;">2019 </div><div id="a106947" style="position:absolute;font-weight:bold;font-style:normal;left:656.24px;top:0px;">2018 </div><div id="a106949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Metal removal fluids </div><div id="a106952" style="position:absolute;left:444.36px;top:17.3px;">23.9</div><div id="a106954" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:17.2px;">% </div><div id="a106957" style="position:absolute;left:562.28px;top:17.3px;">19.9</div><div id="a106959" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:17.2px;">% </div><div id="a106962" style="position:absolute;left:680.4px;top:17.3px;">15.4</div><div id="a106964" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:17.2px;">% </div><div id="a106966" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Rolling lubricants </div><div id="a106968" style="position:absolute;left:444.36px;top:33.9px;">21.8</div><div id="a106970" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:33.8px;">% </div><div id="a106973" style="position:absolute;left:562.28px;top:33.9px;">21.9</div><div id="a106975" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:33.8px;">% </div><div id="a106978" style="position:absolute;left:680.4px;top:33.9px;">25.5</div><div id="a106980" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:33.8px;">% </div><div id="a106982" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Hydraulic fluids </div><div id="a106984" style="position:absolute;left:444.36px;top:50.9px;">13.3</div><div id="a106986" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:473.48px;top:50.8px;">% </div><div id="a106989" style="position:absolute;left:562.28px;top:50.9px;">13.0</div><div id="a106991" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:591.6px;top:50.8px;">% </div><div id="a106994" style="position:absolute;left:680.4px;top:50.9px;">13.0</div><div id="a106996" style="position:absolute;font-family:Arial;font-weight:normal;font-style:normal;left:709.52px;top:50.8px;">%</div></div></div></div><div id="TextBlockContainer805" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107000" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2020 </div><div id="a107012" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a107015" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31px;">Americas </div><div id="a107018" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31px;">EMEA </div><div id="a107021" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31px;">Asia/Pacific </div><div id="a107024" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31px;">Total </div><div id="a107026" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107039" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a107041" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.5px;">$ </div><div id="a107043" style="position:absolute;left:319.693px;top:64.7px;">163,135</div><div id="a107046" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.5px;">$ </div><div id="a107048" style="position:absolute;left:437.8px;top:64.7px;">107,880</div><div id="a107051" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.5px;">$ </div><div id="a107053" style="position:absolute;left:555.72px;top:64.7px;">168,096</div><div id="a107056" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.5px;">$ </div><div id="a107058" style="position:absolute;left:671.76px;top:64.7px;">439,111</div><div id="a107060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Metalworking and other </div><div id="a107063" style="position:absolute;left:319.693px;top:81.6px;">287,026</div><div id="a107067" style="position:absolute;left:437.8px;top:81.6px;">275,307</div><div id="a107071" style="position:absolute;left:555.72px;top:81.6px;">147,203</div><div id="a107075" style="position:absolute;left:671.76px;top:81.6px;">709,536</div><div id="a107079" style="position:absolute;left:319.693px;top:98.9px;">450,161</div><div id="a107083" style="position:absolute;left:437.8px;top:98.9px;">383,187</div><div id="a107087" style="position:absolute;left:555.72px;top:98.9px;">315,299</div><div id="a107091" style="position:absolute;left:661.84px;top:98.9px;">1,148,647</div><div id="a107093" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107096" style="position:absolute;left:319.693px;top:115.7px;">154,796</div><div id="a107100" style="position:absolute;left:444.52px;top:115.7px;">68,164</div><div id="a107104" style="position:absolute;left:562.44px;top:115.7px;">46,070</div><div id="a107108" style="position:absolute;left:671.76px;top:115.7px;">269,030</div><div id="a107111" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.4px;">$ </div><div id="a107113" style="position:absolute;left:319.693px;top:133.5px;">604,957</div><div id="a107116" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.4px;">$ </div><div id="a107118" style="position:absolute;left:437.8px;top:133.5px;">451,351</div><div id="a107121" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.4px;">$ </div><div id="a107123" style="position:absolute;left:555.72px;top:133.5px;">361,369</div><div id="a107126" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.4px;">$ </div><div id="a107128" style="position:absolute;left:661.84px;top:133.5px;">1,417,677</div><div id="a107142" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a107155" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.6px;">Product sales at a point in time </div><div id="a107157" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.4px;">$ </div><div id="a107159" style="position:absolute;left:319.693px;top:185.6px;">580,663</div><div id="a107162" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.4px;">$ </div><div id="a107164" style="position:absolute;left:437.8px;top:185.6px;">434,549</div><div id="a107167" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.4px;">$ </div><div id="a107169" style="position:absolute;left:555.72px;top:185.6px;">352,917</div><div id="a107172" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.4px;">$ </div><div id="a107174" style="position:absolute;left:661.84px;top:185.6px;">1,368,129</div><div id="a107176" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.6px;">Services transferred over time </div><div id="a107179" style="position:absolute;left:326.413px;top:202.6px;">24,294</div><div id="a107183" style="position:absolute;left:444.52px;top:202.6px;">16,802</div><div id="a107187" style="position:absolute;left:569.04px;top:202.6px;">8,452</div><div id="a107191" style="position:absolute;left:678.48px;top:202.6px;">49,548</div><div id="a107194" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.5px;">$ </div><div id="a107196" style="position:absolute;left:319.693px;top:220.5px;">604,957</div><div id="a107199" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.5px;">$ </div><div id="a107201" style="position:absolute;left:437.8px;top:220.5px;">451,351</div><div id="a107204" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.5px;">$ </div><div id="a107206" style="position:absolute;left:555.72px;top:220.5px;">361,369</div><div id="a107209" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.5px;">$ </div><div id="a107211" style="position:absolute;left:661.84px;top:220.5px;">1,417,677</div></div><div id="TextBlockContainer810" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_808_XBRL_TS_494231a3c80d4c68bdd6df6027df6aa7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer809" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107215" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2019 </div><div id="a107226" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a107229" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a107232" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a107235" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a107238" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a107240" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a107255" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.5px;">$ </div><div id="a107257" style="position:absolute;left:319.693px;top:64.7px;">171,784</div><div id="a107260" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.5px;">$ </div><div id="a107262" style="position:absolute;left:437.8px;top:64.7px;">100,605</div><div id="a107265" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.5px;">$ </div><div id="a107267" style="position:absolute;left:555.72px;top:64.7px;">141,870</div><div id="a107270" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.5px;">$ </div><div id="a107272" style="position:absolute;left:671.76px;top:64.7px;">414,259</div><div id="a107274" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Metalworking and other </div><div id="a107277" style="position:absolute;left:319.693px;top:81.6px;">220,337</div><div id="a107281" style="position:absolute;left:437.8px;top:81.6px;">184,965</div><div id="a107285" style="position:absolute;left:555.72px;top:81.6px;">105,969</div><div id="a107289" style="position:absolute;left:671.76px;top:81.6px;">511,271</div><div id="a107293" style="position:absolute;left:319.693px;top:99.1px;">392,121</div><div id="a107297" style="position:absolute;left:437.8px;top:99.1px;">285,570</div><div id="a107301" style="position:absolute;left:555.72px;top:99.1px;">247,839</div><div id="a107305" style="position:absolute;left:671.76px;top:99.1px;">925,530</div><div id="a107307" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107310" style="position:absolute;left:319.693px;top:115.7px;">149,428</div><div id="a107314" style="position:absolute;left:444.52px;top:115.7px;">30,115</div><div id="a107318" style="position:absolute;left:562.44px;top:115.7px;">28,430</div><div id="a107322" style="position:absolute;left:671.76px;top:115.7px;">207,973</div><div id="a107325" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.4px;">$ </div><div id="a107327" style="position:absolute;left:319.693px;top:133.5px;">541,549</div><div id="a107330" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.4px;">$ </div><div id="a107332" style="position:absolute;left:437.8px;top:133.5px;">315,685</div><div id="a107335" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.4px;">$ </div><div id="a107337" style="position:absolute;left:555.72px;top:133.5px;">276,269</div><div id="a107340" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.4px;">$ </div><div id="a107342" style="position:absolute;left:661.84px;top:133.5px;">1,133,503</div><div id="a107356" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a107369" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.6px;">Product sales at a point in time </div><div id="a107371" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.4px;">$ </div><div id="a107373" style="position:absolute;left:319.693px;top:185.6px;">525,802</div><div id="a107376" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.4px;">$ </div><div id="a107378" style="position:absolute;left:437.8px;top:185.6px;">310,274</div><div id="a107381" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.4px;">$ </div><div id="a107383" style="position:absolute;left:555.72px;top:185.6px;">269,228</div><div id="a107386" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.4px;">$ </div><div id="a107388" style="position:absolute;left:661.84px;top:185.6px;">1,105,304</div><div id="a107390" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.6px;">Services transferred over time </div><div id="a107393" style="position:absolute;left:326.413px;top:202.6px;">15,747</div><div id="a107397" style="position:absolute;left:451.08px;top:202.6px;">5,411</div><div id="a107401" style="position:absolute;left:569.04px;top:202.6px;">7,041</div><div id="a107405" style="position:absolute;left:678.48px;top:202.6px;">28,199</div><div id="a107408" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.5px;">$ </div><div id="a107410" style="position:absolute;left:319.693px;top:220.5px;">541,549</div><div id="a107413" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.5px;">$ </div><div id="a107415" style="position:absolute;left:437.8px;top:220.5px;">315,685</div><div id="a107418" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.5px;">$ </div><div id="a107420" style="position:absolute;left:555.72px;top:220.5px;">276,269</div><div id="a107423" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.5px;">$ </div><div id="a107425" style="position:absolute;left:661.84px;top:220.5px;">1,133,503</div></div></div></div><div id="TextBlockContainer814" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_812_XBRL_TS_123dd37d008847c5aeb2a751a1a47f6c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer813" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107478" style="position:absolute;font-weight:bold;font-style:normal;left:355.373px;top:0px;">Net sales for the year ending December 31, 2018 </div><div id="a107489" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a107492" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a107495" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a107498" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a107501" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a107503" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a107516" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.8px;">Metals </div><div id="a107518" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a107520" style="position:absolute;left:319.693px;top:64.8px;">164,263</div><div id="a107523" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a107525" style="position:absolute;left:437.8px;top:64.8px;">101,028</div><div id="a107528" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a107530" style="position:absolute;left:555.72px;top:64.8px;">120,627</div><div id="a107533" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a107535" style="position:absolute;left:671.76px;top:64.8px;">385,918</div><div id="a107537" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a107540" style="position:absolute;left:319.693px;top:81.8px;">133,338</div><div id="a107544" style="position:absolute;left:437.8px;top:81.8px;">115,956</div><div id="a107548" style="position:absolute;left:562.44px;top:81.8px;">71,875</div><div id="a107552" style="position:absolute;left:671.76px;top:81.8px;">321,169</div><div id="a107556" style="position:absolute;left:319.693px;top:99px;">297,601</div><div id="a107560" style="position:absolute;left:437.8px;top:99px;">216,984</div><div id="a107564" style="position:absolute;left:555.72px;top:99px;">192,502</div><div id="a107568" style="position:absolute;left:671.76px;top:99px;">707,087</div><div id="a107570" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a107573" style="position:absolute;left:319.693px;top:115.7px;">122,165</div><div id="a107577" style="position:absolute;left:444.52px;top:115.7px;">16,613</div><div id="a107581" style="position:absolute;left:562.44px;top:115.7px;">21,655</div><div id="a107585" style="position:absolute;left:671.76px;top:115.7px;">160,433</div><div id="a107588" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a107590" style="position:absolute;left:319.693px;top:133.6px;">419,766</div><div id="a107593" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a107595" style="position:absolute;left:437.8px;top:133.6px;">233,597</div><div id="a107598" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a107600" style="position:absolute;left:555.72px;top:133.6px;">214,157</div><div id="a107603" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a107605" style="position:absolute;left:671.76px;top:133.6px;">867,520</div><div id="a107619" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.8px;">Timing of Revenue Recognized </div><div id="a107632" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a107634" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a107636" style="position:absolute;left:319.693px;top:185.8px;">408,402</div><div id="a107639" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a107641" style="position:absolute;left:437.8px;top:185.8px;">233,372</div><div id="a107644" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a107646" style="position:absolute;left:555.72px;top:185.8px;">206,112</div><div id="a107649" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a107651" style="position:absolute;left:671.76px;top:185.8px;">847,886</div><div id="a107653" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.7px;">Services transferred over time </div><div id="a107656" style="position:absolute;left:326.413px;top:202.7px;">11,364</div><div id="a107660" style="position:absolute;left:461.16px;top:202.7px;">225</div><div id="a107664" style="position:absolute;left:569.04px;top:202.7px;">8,045</div><div id="a107668" style="position:absolute;left:678.48px;top:202.7px;">19,634</div><div id="a107671" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a107673" style="position:absolute;left:319.693px;top:220.5px;">419,766</div><div id="a107676" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a107678" style="position:absolute;left:437.8px;top:220.5px;">233,597</div><div id="a107681" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a107683" style="position:absolute;left:555.72px;top:220.5px;">214,157</div><div id="a107686" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a107688" style="position:absolute;left:671.76px;top:220.5px;">867,520</div></div></div></div> 0.239 0.199 0.154 0.218 0.219 0.255 0.133 0.130 0.130 163135000 107880000 168096000 439111000 287026000 275307000 147203000 709536000 450161000 383187000 315299000 1148647000 154796000 68164000 46070000 269030000 604957000 451351000 361369000 1417677000 580663000 434549000 352917000 1368129000 24294000 16802000 8452000 49548000 604957000 451351000 361369000 1417677000 171784000 100605000 141870000 414259000 220337000 184965000 105969000 511271000 392121000 285570000 247839000 925530000 149428000 30115000 28430000 207973000 541549000 315685000 276269000 1133503000 525802000 310274000 269228000 1105304000 15747000 5411000 7041000 28199000 541549000 315685000 276269000 1133503000 164263000 101028000 120627000 385918000 133338000 115956000 71875000 321169000 297601000 216984000 192502000 707087000 122165000 16613000 21655000 160433000 419766000 233597000 214157000 867520000 408402000 233372000 206112000 847886000 11364000 225000 8045000 19634000 419766000 233597000 214157000 867520000 <div id="TextBlockContainer816" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107690" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 6 – Leases </div><div id="a107698" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As previously disclosed in the Company’s<div style="display:inline-block;width:5.29px"> </div>2019 Form 10-K, during 2019, the Company adopted, as required,<div style="display:inline-block;width:4.8px"> </div>an accounting </div><div id="a107736" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">standard update regarding the accounting and disclosure<div style="display:inline-block;width:4.73px"> </div>for leases which changed the manner in which it accounts for<div style="display:inline-block;width:4.74px"> </div>leases effective </div><div id="a107776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">January 1, 2019.<div style="display:inline-block;width:7.13px"> </div>The Company determines if an arrangement is a lease at its inception.<div style="display:inline-block;width:8.39px"> </div>This determination generally depends on </div><div id="a107817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.4px;">whether the arrangement conveys the right to control the<div style="display:inline-block;width:4.76px"> </div>use of an identified fixed asset explicitly or implicitly for a period<div style="display:inline-block;width:4.81px"> </div>of time in </div><div id="a107865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">exchange for consideration.<div style="display:inline-block;width:7.46px"> </div>Control of an underlying asset is conveyed if the Company<div style="display:inline-block;width:4.7px"> </div>obtains the rights to direct the use of, and </div><div id="a107909" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">obtains<div style="display:inline-block;width:3.59px"> </div>substantially all of the economic benefits from the use of,<div style="display:inline-block;width:4.76px"> </div>the underlying asset.<div style="display:inline-block;width:6.97px"> </div>Lease expense for variable leases and short-</div><div id="a107953" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">term leases is recognized when the obligation is incurred. </div><div id="a107971" style="position:absolute;font-weight:bold;font-style:normal;left:314.093px;top:115.4px;"> </div><div id="a107972" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:138.7px;">The Company has operating leases for certain facilities, vehicles<div style="display:inline-block;width:4.7px"> </div>and machinery and equipment with remaining lease terms up<div style="display:inline-block;width:4.76px"> </div>to </div><div id="a108011" style="position:absolute;left:4.427px;top:154.1px;">11</div><div id="a108011_2_95" style="position:absolute;font-weight:normal;font-style:normal;left:17.867px;top:154.1px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.77px"> </div>In addition, the Company has certain land use leases with remaining<div style="display:inline-block;width:4.9px"> </div>lease terms up to </div><div id="a108011_97_2" style="position:absolute;left:520.039px;top:154.1px;">95</div><div id="a108011_99_39" style="position:absolute;font-weight:normal;font-style:normal;left:533.479px;top:154.1px;"><div style="display:inline-block;width:3.36px"> </div>years.<div style="display:inline-block;width:6.78px"> </div>The lease term for all of the </div><div id="a108065" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.4px;">Company’s leases includes<div style="display:inline-block;width:4.76px"> </div>the non-cancellable period of the lease plus any additional periods<div style="display:inline-block;width:4.8px"> </div>covered by an option to extend the lease </div><div id="a108109" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">that the Company is reasonably certain it will exercise.<div style="display:inline-block;width:8.05px"> </div>Operating leases are included in </div><div id="a108109_91_25" style="position:absolute;left:478.6px;top:184.6px;-sec-ix-hidden:ID_2635;">right of use lease assets</div><div id="a108109_116_16" style="position:absolute;font-weight:normal;font-style:normal;left:603.439px;top:184.6px;">, other current </div><div id="a108151" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">liabilities and long-term </div><div id="a108151_26_17" style="position:absolute;left:136.133px;top:200px;-sec-ix-hidden:ID_2652;">lease liabilities</div><div id="a108151_43_97" style="position:absolute;font-weight:normal;font-style:normal;left:215.333px;top:200px;"><div style="display:inline-block;width:3.4px"> </div>on the Consolidated Balance Sheet.<div style="display:inline-block;width:7.57px"> </div>Right of use lease assets and liabilities are recognized<div style="display:inline-block;width:4.7px"> </div>at </div><div id="a108193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">each lease’s commencement<div style="display:inline-block;width:4.8px"> </div>date based on the present value of its lease payments over its respective<div style="display:inline-block;width:4.88px"> </div>lease term.<div style="display:inline-block;width:7px"> </div>The Company uses </div><div id="a108236" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.7px;">the stated borrowing rate for a lease when readily<div style="display:inline-block;width:4.57px"> </div>determinable.<div style="display:inline-block;width:7.04px"> </div>When a stated borrowing rate is not available in a lease agreement, </div><div id="a108280" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">the Company uses its incremental borrowing rate<div style="display:inline-block;width:4.56px"> </div>based on information available at the lease’s<div style="display:inline-block;width:4.92px"> </div>commencement date to determine the </div><div id="a108319" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">present value of its lease payments.<div style="display:inline-block;width:7.47px"> </div>In determining the incremental borrowing rate used to present<div style="display:inline-block;width:4.89px"> </div>value each of its leases, the </div><div id="a108361" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">Company considers certain information including fully<div style="display:inline-block;width:4.88px"> </div>secured borrowing rates readily available to the Company and its subsidiaries.<div style="display:inline-block;width:4.86px"> </div></div><div id="a108396" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292px;">The Company has immaterial finance leases, which are<div style="display:inline-block;width:4.79px"> </div>included in PP&amp;E, current portion of long-term debt and long-term debt<div style="display:inline-block;width:4.81px"> </div>on the </div><div id="a108445" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.4px;">Consolidated Balance Sheet.</div></div><div id="TextBlockContainer818" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108451" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Operating lease expense is recognized on a straight-line<div style="display:inline-block;width:4.76px"> </div>basis over the lease term.<div style="display:inline-block;width:7.13px"> </div>Operating lease expense for the years ended </div><div id="a108493" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">December 31, 2020 and 2019 was $</div><div id="a108493_32_4" style="position:absolute;left:195.813px;top:15.4px;">14.2</div><div id="a108493_36_14" style="position:absolute;font-weight:normal;font-style:normal;left:219.373px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a108493_50_3" style="position:absolute;left:293.773px;top:15.4px;">9.4</div><div id="a108493_53_70" style="position:absolute;font-weight:normal;font-style:normal;left:310.413px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>Short-term lease expense for the years ended </div><div id="a108533" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">December 31, 2020 and 2019 was $</div><div id="a108533_32_3" style="position:absolute;left:195.813px;top:30.6px;">1.3</div><div id="a108533_35_14" style="position:absolute;font-weight:normal;font-style:normal;left:212.613px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a108533_49_3" style="position:absolute;left:287.053px;top:30.6px;">1.5</div><div id="a108533_52_41" style="position:absolute;font-weight:normal;font-style:normal;left:303.853px;top:30.6px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>The Company has </div><div id="a108533_93_2" style="position:absolute;left:527.08px;top:30.6px;">no</div><div id="a108533_95_34" style="position:absolute;font-weight:normal;font-style:normal;left:540.36px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>material variable lease costs or </div><div id="a108575" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">sublease income for the years ended December 31,<div style="display:inline-block;width:4.71px"> </div>2020 and 2019.<div style="display:inline-block;width:6.87px"> </div></div><div id="a108599" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:69.3px;">Cash paid for operating leases during the years ended December<div style="display:inline-block;width:4.96px"> </div>31, 2020 and 2019 was $</div><div id="a108599_86_4" style="position:absolute;left:508.52px;top:69.3px;">14.1</div><div id="a108599_90_14" style="position:absolute;font-weight:normal;font-style:normal;left:531.88px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a108599_104_3" style="position:absolute;left:606.32px;top:69.3px;">9.2</div><div id="a108599_107_10" style="position:absolute;font-weight:normal;font-style:normal;left:623.12px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a108639" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">respectively.<div style="display:inline-block;width:7.98px"> </div>The Company recorded new right of use lease assets and associated lease liabilities<div style="display:inline-block;width:4.84px"> </div>of $</div><div id="a108639_103_3" style="position:absolute;left:546.919px;top:84.6px;">6.9</div><div id="a108639_106_25" style="position:absolute;font-weight:normal;font-style:normal;left:563.719px;top:84.6px;"><div style="display:inline-block;width:3.2px"> </div>million during the year </div><div id="a108679" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">ended December 31, 2020.</div></div><div id="TextBlockContainer820" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:474px;height:16px;display:inline-block;"><div id="a108739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Supplemental balance sheet information related to the Company’s<div style="display:inline-block;width:5.61px"> </div>leases is as follows:</div></div><div id="TextBlockContainer823" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:679px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108766" style="position:absolute;font-weight:bold;font-style:normal;left:479.72px;top:0px;">December 31, </div><div id="a108769" style="position:absolute;font-weight:bold;font-style:normal;left:585.68px;top:0px;">December 31, </div><div id="a108774" style="position:absolute;font-weight:bold;font-style:normal;left:505.16px;top:17.1px;">2020 </div><div id="a108777" style="position:absolute;font-weight:bold;font-style:normal;left:611.12px;top:17.1px;">2019 </div><div id="a108781" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Right of use lease assets </div><div id="a108783" style="position:absolute;font-weight:normal;font-style:normal;left:472.52px;top:34.1px;">$ </div><div id="a108785" style="position:absolute;left:524.04px;top:34.1px;">38,507</div><div id="a108788" style="position:absolute;font-weight:normal;font-style:normal;left:578.48px;top:34.1px;">$ </div><div id="a108790" style="position:absolute;left:630px;top:34.1px;">42,905</div><div id="a108802" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Other accrued liabilities </div><div id="a108805" style="position:absolute;left:524.04px;top:68px;">10,901</div><div id="a108809" style="position:absolute;left:630px;top:68px;">11,177</div><div id="a108813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Long-term lease liabilities </div><div id="a108818" style="position:absolute;left:524.04px;top:85.1px;">27,070</div><div id="a108822" style="position:absolute;left:630px;top:85.1px;">31,273</div><div id="a108826" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Total operating<div style="display:inline-block;width:4.71px"> </div>lease liabilities </div><div id="a108828" style="position:absolute;font-weight:normal;font-style:normal;left:472.52px;top:102.1px;">$ </div><div id="a108830" style="position:absolute;left:524.04px;top:102.1px;">37,971</div><div id="a108833" style="position:absolute;font-weight:normal;font-style:normal;left:578.48px;top:102.1px;">$ </div><div id="a108835" style="position:absolute;left:630px;top:102.1px;">42,450</div><div id="a108848" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>remaining lease term (years) </div><div id="a108851" style="position:absolute;left:544.08px;top:136px;">6.0</div><div id="a108855" style="position:absolute;left:650px;top:136px;">6.2</div><div id="a108859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>discount rate </div><div id="a108862" style="position:absolute;left:530.28px;top:153.1px;display:flex;">4.20%</div><div id="a108866" style="position:absolute;left:636.24px;top:153.1px;display:flex;">4.21%</div></div><div id="TextBlockContainer826" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:447px;height:16px;display:inline-block;"><div id="a108869" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Maturities of operating lease liabilities as of December<div style="display:inline-block;width:4.7px"> </div>31, 2020 were as follows:</div></div><div id="TextBlockContainer830" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_828_XBRL_TS_77dda2dfd51840a29fa8948712f9549b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer829" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108898" style="position:absolute;font-weight:bold;font-style:normal;left:573.68px;top:0px;">December 31, </div><div id="a108903" style="position:absolute;font-weight:bold;font-style:normal;left:599.12px;top:17px;">2020 </div><div id="a108907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">For the year ended December 31, 2021 </div><div id="a108909" style="position:absolute;font-weight:normal;font-style:normal;left:566.48px;top:33.9px;">$ </div><div id="a108911" style="position:absolute;left:618px;top:33.9px;">12,342</div><div id="a108915" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">For the year ended December 31, 2022 </div><div id="a108918" style="position:absolute;left:624.56px;top:50.9px;">8,395</div><div id="a108922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">For the year ended December 31, 2023 </div><div id="a108925" style="position:absolute;left:624.56px;top:68px;">6,220</div><div id="a108929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">For the year ended December 31, 2024 </div><div id="a108932" style="position:absolute;left:624.56px;top:85px;">4,610</div><div id="a108936" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">For the year ended December 31, 2025 </div><div id="a108940" style="position:absolute;left:624.56px;top:101.9px;">3,836</div><div id="a108944" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">For the year ended December 31, 2026 and beyond </div><div id="a108947" style="position:absolute;left:624.56px;top:118.9px;">8,141</div><div id="a108951" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Total lease payments </div><div id="a108954" style="position:absolute;left:618px;top:136px;">43,544</div><div id="a108958" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Less: imputed interest </div><div id="a108961" style="position:absolute;left:619.76px;top:153px;">(5,573)</div><div id="a108965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Present value of lease liabilities </div><div id="a108967" style="position:absolute;font-weight:normal;font-style:normal;left:566.48px;top:169.9px;">$ </div><div id="a108969" style="position:absolute;left:618px;top:169.9px;">37,971</div></div></div></div> P11Y P95Y 14200000 9400000 1300000 1500000 0 0 0 0 14100000 9200000 6900000 <div id="TextBlockContainer824" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:679px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_822_XBRL_TS_3ba14eca8fc545f99526ca07b95c412d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer823" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:679px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108766" style="position:absolute;font-weight:bold;font-style:normal;left:479.72px;top:0px;">December 31, </div><div id="a108769" style="position:absolute;font-weight:bold;font-style:normal;left:585.68px;top:0px;">December 31, </div><div id="a108774" style="position:absolute;font-weight:bold;font-style:normal;left:505.16px;top:17.1px;">2020 </div><div id="a108777" style="position:absolute;font-weight:bold;font-style:normal;left:611.12px;top:17.1px;">2019 </div><div id="a108781" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Right of use lease assets </div><div id="a108783" style="position:absolute;font-weight:normal;font-style:normal;left:472.52px;top:34.1px;">$ </div><div id="a108785" style="position:absolute;left:524.04px;top:34.1px;">38,507</div><div id="a108788" style="position:absolute;font-weight:normal;font-style:normal;left:578.48px;top:34.1px;">$ </div><div id="a108790" style="position:absolute;left:630px;top:34.1px;">42,905</div><div id="a108802" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Other accrued liabilities </div><div id="a108805" style="position:absolute;left:524.04px;top:68px;">10,901</div><div id="a108809" style="position:absolute;left:630px;top:68px;">11,177</div><div id="a108813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Long-term lease liabilities </div><div id="a108818" style="position:absolute;left:524.04px;top:85.1px;">27,070</div><div id="a108822" style="position:absolute;left:630px;top:85.1px;">31,273</div><div id="a108826" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Total operating<div style="display:inline-block;width:4.71px"> </div>lease liabilities </div><div id="a108828" style="position:absolute;font-weight:normal;font-style:normal;left:472.52px;top:102.1px;">$ </div><div id="a108830" style="position:absolute;left:524.04px;top:102.1px;">37,971</div><div id="a108833" style="position:absolute;font-weight:normal;font-style:normal;left:578.48px;top:102.1px;">$ </div><div id="a108835" style="position:absolute;left:630px;top:102.1px;">42,450</div><div id="a108848" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>remaining lease term (years) </div><div id="a108851" style="position:absolute;left:544.08px;top:136px;">6.0</div><div id="a108855" style="position:absolute;left:650px;top:136px;">6.2</div><div id="a108859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>discount rate </div><div id="a108862" style="position:absolute;left:530.28px;top:153.1px;display:flex;">4.20%</div><div id="a108866" style="position:absolute;left:636.24px;top:153.1px;display:flex;">4.21%</div></div></div></div> 38507000 42905000 10901000 11177000 27070000 31273000 37971000 42450000 P6Y P6Y2M12D 4.20 4.21 <div id="TextBlockContainer829" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108898" style="position:absolute;font-weight:bold;font-style:normal;left:573.68px;top:0px;">December 31, </div><div id="a108903" style="position:absolute;font-weight:bold;font-style:normal;left:599.12px;top:17px;">2020 </div><div id="a108907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">For the year ended December 31, 2021 </div><div id="a108909" style="position:absolute;font-weight:normal;font-style:normal;left:566.48px;top:33.9px;">$ </div><div id="a108911" style="position:absolute;left:618px;top:33.9px;">12,342</div><div id="a108915" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">For the year ended December 31, 2022 </div><div id="a108918" style="position:absolute;left:624.56px;top:50.9px;">8,395</div><div id="a108922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">For the year ended December 31, 2023 </div><div id="a108925" style="position:absolute;left:624.56px;top:68px;">6,220</div><div id="a108929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">For the year ended December 31, 2024 </div><div id="a108932" style="position:absolute;left:624.56px;top:85px;">4,610</div><div id="a108936" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">For the year ended December 31, 2025 </div><div id="a108940" style="position:absolute;left:624.56px;top:101.9px;">3,836</div><div id="a108944" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">For the year ended December 31, 2026 and beyond </div><div id="a108947" style="position:absolute;left:624.56px;top:118.9px;">8,141</div><div id="a108951" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Total lease payments </div><div id="a108954" style="position:absolute;left:618px;top:136px;">43,544</div><div id="a108958" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Less: imputed interest </div><div id="a108961" style="position:absolute;left:619.76px;top:153px;">(5,573)</div><div id="a108965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Present value of lease liabilities </div><div id="a108967" style="position:absolute;font-weight:normal;font-style:normal;left:566.48px;top:169.9px;">$ </div><div id="a108969" style="position:absolute;left:618px;top:169.9px;">37,971</div></div> 12342000 8395000 6220000 4610000 3836000 8141000 43544000 5573000 37971000 <div id="TextBlockContainer832" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:216px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108972" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 7 – Restructuring and Related Activities </div><div id="a108986" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company’s management<div style="display:inline-block;width:4.72px"> </div>approved a global restructuring plan (the “QH Program”)<div style="display:inline-block;width:4.8px"> </div>as part of its plan to realize certain cost </div><div id="a109026" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">synergies associated with the Combination<div style="display:inline-block;width:4.79px"> </div>in the third quarter of 2019.<div style="display:inline-block;width:7.3px"> </div>The QH Program includes restructuring and associated </div><div id="a109064" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">severance costs to reduce total headcount by approximately </div><div id="a109064_59_3" style="position:absolute;left:325.293px;top:53.9px;">350</div><div id="a109064_62_62" style="position:absolute;font-weight:normal;font-style:normal;left:345.453px;top:53.9px;"><div style="display:inline-block;width:3.36px"> </div>people globally, as well as plans<div style="display:inline-block;width:4.71px"> </div>for the closure of certain </div><div id="a109104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">manufacturing and non-manufacturing facilities.<div style="display:inline-block;width:7.96px"> </div>The exact timing and total costs associated with the QH Program<div style="display:inline-block;width:4.95px"> </div>will depend on a </div><div id="a109144" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">number of factors and is subject to change; however,<div style="display:inline-block;width:5.25px"> </div>the Company currently expects reduction in headcount and<div style="display:inline-block;width:4.74px"> </div>site closures to </div><div id="a109184" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">continue to occur into 2021 under the QH Program<div style="display:inline-block;width:4.72px"> </div>and estimates that anticipated cost synergies realized from<div style="display:inline-block;width:4.84px"> </div>the QH Program will </div><div id="a109226" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">approximate one-times the restructuring costs incurred.<div style="display:inline-block;width:8.13px"> </div>Employee separation benefits will vary depending on local<div style="display:inline-block;width:4.67px"> </div>regulations within </div><div id="a109260" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">certain foreign countries and will include severance<div style="display:inline-block;width:4.77px"> </div>and other benefits. </div><div id="a109280" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:153.9px;">All costs incurred to date relate to severance costs to reduce<div style="display:inline-block;width:4.78px"> </div>headcount as well as costs to close certain facilities and are<div style="display:inline-block;width:4.78px"> </div>recorded </div><div id="a109326" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">in restructuring and related charges in the<div style="display:inline-block;width:4.76px"> </div>Company’s Consolidated Statements of<div style="display:inline-block;width:4.87px"> </div>Income.<div style="display:inline-block;width:6.78px"> </div>As described in Note 4 of Notes to </div><div id="a109367" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.7px;">Consolidated Financial Statements, restructuring and<div style="display:inline-block;width:4.58px"> </div>related charges are not included in the Company’s<div style="display:inline-block;width:5.59px"> </div>calculation of reportable </div><div id="a109399" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">segments’ measure of operating earnings and therefore<div style="display:inline-block;width:4.76px"> </div>these costs are not reviewed by or recorded to reportable segments.</div></div><div id="TextBlockContainer834" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109487" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Activity in the Company’s<div style="display:inline-block;width:4.77px"> </div>accrual for restructuring under the QH Program for the years ended<div style="display:inline-block;width:4.79px"> </div>December 31, 2020 and 2019 is as </div><div id="a109531" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">follows:</div></div><div id="TextBlockContainer838" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_836_XBRL_TS_0912b7e808b84e4795f996b46e8c818a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer837" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109536" style="position:absolute;font-weight:bold;font-style:normal;left:575.92px;top:0px;">QH Program </div><div id="a109540" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.8px;">Accrued restructuring as of December 31, 2018 </div><div id="a109542" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.8px;">$ </div><div id="a109544" style="position:absolute;left:650.16px;top:17.3px;">-</div><div id="a109549" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:34.9px;">Restructuring and related charges </div><div id="a109552" style="position:absolute;left:618px;top:33.9px;">26,678</div><div id="a109557" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:51.8px;">Cash payments </div><div id="a109560" style="position:absolute;left:619.76px;top:51px;">(8,899)</div><div id="a109565" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68.8px;">Currency translation adjustments </div><div id="a109568" style="position:absolute;left:634.64px;top:68px;">264</div><div id="a109572" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.8px;">Accrued restructuring as of December 31, 2019 </div><div id="a109575" style="position:absolute;left:618px;top:85.8px;">18,043</div><div id="a109580" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:102.9px;">Restructuring and related charges </div><div id="a109583" style="position:absolute;left:624.56px;top:102.9px;">5,541</div><div id="a109588" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:119.8px;">Cash payments </div><div id="a109591" style="position:absolute;left:613.04px;top:119.8px;">(15,745)</div><div id="a109596" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:136.8px;">Currency translation adjustments </div><div id="a109599" style="position:absolute;left:634.64px;top:136.8px;">409</div><div id="a109603" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:152.8px;">Accrued restructuring as of December 31, 2020 </div><div id="a109605" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:154.9px;">$ </div><div id="a109607" style="position:absolute;left:624.56px;top:154.9px;">8,248</div></div></div></div><div id="TextBlockContainer840" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109610" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">In connection with the plans for closure of certain<div style="display:inline-block;width:4.58px"> </div>manufacturing and non-manufacturing facilities, the Company<div style="display:inline-block;width:4.81px"> </div>made a decision </div><div id="a109648" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">to make available for sale certain facilities.<div style="display:inline-block;width:7.68px"> </div>During the fourth quarter of 2020, certain of these facilities were<div style="display:inline-block;width:4.83px"> </div>sold and the Company </div><div id="a109693" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">recognized a loss on disposal of approximately $</div><div id="a109693_48_3" style="position:absolute;left:264.973px;top:30.7px;">0.6</div><div id="a109693_51_77" style="position:absolute;font-weight:normal;font-style:normal;left:281.613px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million included within other expense, net on the Consolidated<div style="display:inline-block;width:4.84px"> </div>Statement of </div><div id="a109731" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Income.<div style="display:inline-block;width:6.97px"> </div>Additionally, certain<div style="display:inline-block;width:4.56px"> </div>buildings and land with an aggregate book value of<div style="display:inline-block;width:4.7px"> </div>approximately $</div><div id="a109731_97_4" style="position:absolute;left:532.04px;top:46.1px;">10.0</div><div id="a109731_101_30" style="position:absolute;font-weight:normal;font-style:normal;left:555.4px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>million continues to be held-</div><div id="a109770" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">for-sale as of December 31, 2020 and are<div style="display:inline-block;width:4.67px"> </div>recorded in other current assets on the Company’s<div style="display:inline-block;width:5.17px"> </div>Consolidated Balance Sheet.</div></div> 350 <div id="TextBlockContainer837" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109536" style="position:absolute;font-weight:bold;font-style:normal;left:575.92px;top:0px;">QH Program </div><div id="a109540" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.8px;">Accrued restructuring as of December 31, 2018 </div><div id="a109542" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.8px;">$ </div><div id="a109544" style="position:absolute;left:650.16px;top:17.3px;">-</div><div id="a109549" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:34.9px;">Restructuring and related charges </div><div id="a109552" style="position:absolute;left:618px;top:33.9px;">26,678</div><div id="a109557" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:51.8px;">Cash payments </div><div id="a109560" style="position:absolute;left:619.76px;top:51px;">(8,899)</div><div id="a109565" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68.8px;">Currency translation adjustments </div><div id="a109568" style="position:absolute;left:634.64px;top:68px;">264</div><div id="a109572" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.8px;">Accrued restructuring as of December 31, 2019 </div><div id="a109575" style="position:absolute;left:618px;top:85.8px;">18,043</div><div id="a109580" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:102.9px;">Restructuring and related charges </div><div id="a109583" style="position:absolute;left:624.56px;top:102.9px;">5,541</div><div id="a109588" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:119.8px;">Cash payments </div><div id="a109591" style="position:absolute;left:613.04px;top:119.8px;">(15,745)</div><div id="a109596" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:136.8px;">Currency translation adjustments </div><div id="a109599" style="position:absolute;left:634.64px;top:136.8px;">409</div><div id="a109603" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:152.8px;">Accrued restructuring as of December 31, 2020 </div><div id="a109605" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:154.9px;">$ </div><div id="a109607" style="position:absolute;left:624.56px;top:154.9px;">8,248</div></div> 0 26678000 8899000 -264000 18043000 5541000 15745000 -409000 8248000 600000 10000000.0 <div id="TextBlockContainer842" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:54px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109812" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 8 – Share-Based Compensation </div><div id="a109825" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company recognized the following share-based compensation<div style="display:inline-block;width:4.83px"> </div>expense in its Consolidated Statements<div style="display:inline-block;width:4.14px"> </div>of Income for the years </div><div id="a109862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">ended December 31, 2020, 2019 and 2018:</div></div><div id="TextBlockContainer846" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_844_XBRL_CS_518b0eb59caf4523a3d9066615fcef72" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer845" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109881" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:0px;">2020 </div><div id="a109885" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2019 </div><div id="a109889" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2018 </div><div id="a109893" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Stock options </div><div id="a109895" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.9px;">$ </div><div id="a109897" style="position:absolute;left:424.52px;top:17.3px;">1,491</div><div id="a109900" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.9px;">$ </div><div id="a109902" style="position:absolute;left:526.44px;top:17.3px;">1,448</div><div id="a109905" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.9px;">$ </div><div id="a109907" style="position:absolute;left:628.56px;top:17.3px;">1,053</div><div id="a109911" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Non-vested stock awards and restricted stock units </div><div id="a109916" style="position:absolute;left:424.52px;top:34.1px;">5,012</div><div id="a109920" style="position:absolute;left:526.44px;top:34.1px;">3,206</div><div id="a109924" style="position:absolute;left:628.56px;top:34.1px;">2,459</div><div id="a109928" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Non-elective and elective 401(k) matching contribution in<div style="display:inline-block;width:4.77px"> </div>stock </div><div id="a109933" style="position:absolute;left:424.52px;top:51px;">3,112</div><div id="a109937" style="position:absolute;left:543.28px;top:51px;">—</div><div id="a109941" style="position:absolute;left:645.36px;top:51px;">—</div><div id="a109945" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Employee stock purchase plan </div><div id="a109948" style="position:absolute;left:441.32px;top:68px;">—</div><div id="a109952" style="position:absolute;left:543.28px;top:68px;">84</div><div id="a109956" style="position:absolute;left:645.36px;top:68px;">89</div><div id="a109960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Director stock ownership plan </div><div id="a109963" style="position:absolute;left:434.6px;top:85px;">541</div><div id="a109967" style="position:absolute;left:536.52px;top:85px;">123</div><div id="a109971" style="position:absolute;left:638.64px;top:85px;">123</div><div id="a109975" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Performance stock units </div><div id="a109978" style="position:absolute;left:434.6px;top:102.1px;">840</div><div id="a109982" style="position:absolute;left:543.28px;top:102.1px;">—</div><div id="a109986" style="position:absolute;left:645.36px;top:102.1px;">—</div><div id="a109990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Annual incentive plan (1) </div><div id="a109993" style="position:absolute;left:441.32px;top:119.1px;">—</div><div id="a109997" style="position:absolute;left:543.28px;top:119.1px;">—</div><div id="a110001" style="position:absolute;left:645.36px;top:119.1px;">—</div><div id="a110005" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total share-based<div style="display:inline-block;width:4.85px"> </div>compensation expense </div><div id="a110009" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:137.9px;">$ </div><div id="a110011" style="position:absolute;left:417.96px;top:136.8px;">10,996</div><div id="a110014" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:137.9px;">$ </div><div id="a110016" style="position:absolute;left:526.44px;top:136.8px;">4,861</div><div id="a110019" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:137.9px;">$ </div><div id="a110021" style="position:absolute;left:628.56px;top:136.8px;">3,724</div><div id="a110036" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172.8px;">(1) Refer to the section entitled </div><div id="a110037" style="position:absolute;font-weight:normal;font-style:italic;left:174.053px;top:172.8px;">Annual Incentive Plan</div><div id="a110038" style="position:absolute;font-weight:normal;font-style:normal;left:293.453px;top:172.8px;"><div style="display:inline-block;width:3.2px"> </div>below for additional information.</div></div></div></div><div id="TextBlockContainer848" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110042" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Share-based compensation expense is recorded in SG&amp;A,<div style="display:inline-block;width:4.71px"> </div>except for $</div><div id="a110042_66_3" style="position:absolute;left:404.04px;top:0px;">1.5</div><div id="a110042_69_11" style="position:absolute;font-weight:normal;font-style:normal;left:420.68px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million, $</div><div id="a110042_80_3" style="position:absolute;left:475.879px;top:0px;">0.9</div><div id="a110042_83_14" style="position:absolute;font-weight:normal;font-style:normal;left:492.52px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a110042_97_3" style="position:absolute;left:566.919px;top:0px;">0.1</div><div id="a110042_100_26" style="position:absolute;font-weight:normal;font-style:normal;left:583.599px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million during the years </div><div id="a110085" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">ended December 31, 2020,<div style="display:inline-block;width:4.04px"> </div>2019 and 2018,<div style="display:inline-block;width:3.71px"> </div>respectively, recorded<div style="display:inline-block;width:4.9px"> </div>within Combination,<div style="display:inline-block;width:3.7px"> </div>integration and other acquisition-related </div><div id="a110120" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">expenses.<div style="display:inline-block;width:7.01px"> </div>The increase in total share-based compensation expense for<div style="display:inline-block;width:4.83px"> </div>the year ended December 31, 2020 includes performance stock </div><div id="a110158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">units and non-elective and elective 401(k) matching<div style="display:inline-block;width:4.71px"> </div>contributions in stock as components of share-based compensation<div style="display:inline-block;width:4.68px"> </div>beginning in </div><div id="a110197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">2020, described further below.</div></div><div id="TextBlockContainer850" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:304px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110254" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Stock Options</div><div id="a110257" style="position:absolute;font-weight:normal;font-style:normal;left:78.859px;top:0px;"> </div><div id="a110258" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Stock option activity under all plans is as follows:</div></div><div id="TextBlockContainer854" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_852_XBRL_CS_705a23eb5e894118b41f6e0f51005ec9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer853" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110280" style="position:absolute;font-weight:bold;font-style:normal;left:446.12px;top:0px;">Weighted<div style="display:inline-block;width:4.22px"> </div></div><div id="a110283" style="position:absolute;font-weight:bold;font-style:normal;left:548.04px;top:0px;">Weighted </div><div id="a110292" style="position:absolute;font-weight:bold;font-style:normal;left:449.8px;top:17px;">Average </div><div id="a110295" style="position:absolute;font-weight:bold;font-style:normal;left:551.72px;top:17px;">Average </div><div id="a110304" style="position:absolute;font-weight:bold;font-style:normal;left:449.48px;top:33.9px;">Exercise<div style="display:inline-block;width:3.83px"> </div></div><div id="a110307" style="position:absolute;font-weight:bold;font-style:normal;left:544.36px;top:33.9px;">Remaining </div><div id="a110310" style="position:absolute;font-weight:bold;font-style:normal;left:648.24px;top:33.9px;">Aggregate </div><div id="a110314" style="position:absolute;font-weight:bold;font-style:normal;left:346.413px;top:51px;">Number of </div><div id="a110317" style="position:absolute;font-weight:bold;font-style:normal;left:458.76px;top:51px;">Price<div style="display:inline-block;width:3.48px"> </div></div><div id="a110320" style="position:absolute;font-weight:bold;font-style:normal;left:541px;top:51px;">Contractual </div><div id="a110323" style="position:absolute;font-weight:bold;font-style:normal;left:653.04px;top:51px;">Intrinsic </div><div id="a110327" style="position:absolute;font-weight:bold;font-style:normal;left:354.733px;top:68px;">Options </div><div id="a110330" style="position:absolute;font-weight:bold;font-style:normal;left:439.56px;top:68px;">(per option) </div><div id="a110333" style="position:absolute;font-weight:bold;font-style:normal;left:538.28px;top:68px;">Term<div style="display:inline-block;width:4.71px"> </div>(years) </div><div id="a110336" style="position:absolute;font-weight:bold;font-style:normal;left:660.88px;top:68px;">Value </div><div id="a110338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">Options outstanding as of January 1, 2020 </div><div id="a110340" style="position:absolute;left:369.133px;top:85.3px;">144,412</div><div id="a110343" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85.3px;">$ </div><div id="a110345" style="position:absolute;left:477.96px;top:85.3px;">137.15</div><div id="a110353" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:101.9px;">Options granted </div><div id="a110355" style="position:absolute;left:375.853px;top:101.9px;">49,115</div><div id="a110359" style="position:absolute;left:477.96px;top:101.9px;">136.64</div><div id="a110367" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119px;">Options exercised </div><div id="a110369" style="position:absolute;left:370.893px;top:119px;">(83,191)</div><div id="a110373" style="position:absolute;left:477.96px;top:119px;">128.42</div><div id="a110380" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Options outstanding as of December 31, 2020 </div><div id="a110382" style="position:absolute;left:369.133px;top:136.8px;">110,336</div><div id="a110385" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:136.8px;">$ </div><div id="a110387" style="position:absolute;left:477.96px;top:136.8px;">143.51</div><div id="a110390" style="position:absolute;left:599.92px;top:136.8px;">5.2</div><div id="a110393" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:136.8px;">$ </div><div id="a110395" style="position:absolute;left:682px;top:136.8px;">12,015</div><div id="a110397" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:156.5px;">Options expected to vest after December 31, 2020 </div><div id="a110399" style="position:absolute;left:375.853px;top:156.5px;">92,890</div><div id="a110402" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:156.5px;">$ </div><div id="a110404" style="position:absolute;left:477.96px;top:156.5px;">144.86</div><div id="a110407" style="position:absolute;left:599.92px;top:156.5px;">5.6</div><div id="a110410" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:156.5px;">$ </div><div id="a110412" style="position:absolute;left:688.56px;top:156.5px;">9,990</div><div id="a110414" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:175.6px;">Options exercisable as of December 31, 2020 </div><div id="a110416" style="position:absolute;left:375.853px;top:175.6px;">17,446</div><div id="a110419" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:175.6px;">$ </div><div id="a110421" style="position:absolute;left:477.96px;top:175.6px;">136.32</div><div id="a110424" style="position:absolute;left:599.92px;top:175.6px;">3.4</div><div id="a110427" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:175.6px;">$ </div><div id="a110429" style="position:absolute;left:688.56px;top:175.6px;">2,025</div></div></div></div><div id="TextBlockContainer856" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110431" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The total intrinsic value of options exercised during the years ended<div style="display:inline-block;width:5.03px"> </div>December 31, 2020, 2019 and 2018 was approximately </div><div id="a110431_121_4" style="position:absolute;left:692.559px;top:0px;-sec-ix-hidden:ID_565;">$6.5</div><div id="a110431_125_2" style="position:absolute;font-weight:normal;font-style:normal;left:715.919px;top:0px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a110472" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">million, </div><div id="a110472_9_4" style="position:absolute;left:49.739px;top:15.2px;-sec-ix-hidden:ID_348;">$2.5</div><div id="a110472_13_13" style="position:absolute;font-weight:normal;font-style:normal;left:73.099px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a110472_26_4" style="position:absolute;left:140.933px;top:15.2px;-sec-ix-hidden:ID_349;">$2.0</div><div id="a110472_30_109" style="position:absolute;font-weight:normal;font-style:normal;left:164.293px;top:15.2px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively.<div style="display:inline-block;width:8.1px"> </div>Intrinsic value is calculated as the difference between<div style="display:inline-block;width:4.83px"> </div>the current market price of </div><div id="a110514" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">the underlying security and the strike price of a related<div style="display:inline-block;width:4.59px"> </div>option.</div></div><div id="TextBlockContainer858" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:525px;height:16px;display:inline-block;"><div id="a110538" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">A summary of the Company’s<div style="display:inline-block;width:4.75px"> </div>outstanding stock options as of December 31, 2020 is as follows:</div></div><div id="TextBlockContainer862" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:618px;height:205px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_860_XBRL_CS_147d6166e5894194b37ec61cafdf8df7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer861" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:618px;height:205px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110581" style="position:absolute;font-weight:bold;font-style:normal;left:242.381px;top:0px;">Weighted </div><div id="a110603" style="position:absolute;font-weight:bold;font-style:normal;left:246.061px;top:17px;">Average </div><div id="a110606" style="position:absolute;font-weight:bold;font-style:normal;left:341.261px;top:17px;">Weighted </div><div id="a110611" style="position:absolute;font-weight:bold;font-style:normal;left:538.768px;top:17px;">Weighted </div><div id="a110623" style="position:absolute;font-weight:bold;font-style:normal;left:152.581px;top:34.1px;">Number </div><div id="a110626" style="position:absolute;font-weight:bold;font-style:normal;left:238.701px;top:34.1px;">Remaining </div><div id="a110629" style="position:absolute;font-weight:bold;font-style:normal;left:344.968px;top:34.1px;">Average </div><div id="a110632" style="position:absolute;font-weight:bold;font-style:normal;left:443.528px;top:34.1px;">Number </div><div id="a110635" style="position:absolute;font-weight:bold;font-style:normal;left:542.448px;top:34.1px;">Average </div><div id="a110639" style="position:absolute;font-weight:bold;font-style:normal;left:40.421px;top:51px;">Range of </div><div id="a110642" style="position:absolute;font-weight:bold;font-style:normal;left:146.341px;top:51px;">of Options </div><div id="a110645" style="position:absolute;font-weight:bold;font-style:normal;left:235.341px;top:51px;">Contractual </div><div id="a110648" style="position:absolute;font-weight:bold;font-style:normal;left:328.141px;top:51px;">Exercise Price </div><div id="a110651" style="position:absolute;font-weight:bold;font-style:normal;left:437.288px;top:51px;">of Options </div><div id="a110654" style="position:absolute;font-weight:bold;font-style:normal;left:525.648px;top:51px;">Exercise Price </div><div id="a110658" style="position:absolute;font-weight:bold;font-style:normal;left:22.667px;top:68px;">Exercise Prices </div><div id="a110661" style="position:absolute;font-weight:bold;font-style:normal;left:140.581px;top:68px;">Outstanding </div><div id="a110664" style="position:absolute;font-weight:bold;font-style:normal;left:232.621px;top:68px;">Term<div style="display:inline-block;width:4.71px"> </div>(years) </div><div id="a110667" style="position:absolute;font-weight:bold;font-style:normal;left:334.701px;top:68px;">(per option) </div><div id="a110670" style="position:absolute;font-weight:bold;font-style:normal;left:434.248px;top:68px;">Exercisable </div><div id="a110673" style="position:absolute;font-weight:bold;font-style:normal;left:532.208px;top:68px;">(per option) </div><div id="a110677" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">$ </div><div id="a110679" style="position:absolute;left:16.427px;top:85.3px;">70.01</div><div id="a110679_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:85.3px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110682" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:85.3px;">- </div><div id="a110685" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:85.3px;">$ </div><div id="a110687" style="position:absolute;left:90.341px;top:85.3px;">80.00</div><div id="a110687_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:120.421px;top:85.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110690" style="position:absolute;left:178.061px;top:85.9px;">2,133</div><div id="a110693" style="position:absolute;left:290.541px;top:85.9px;">1.0</div><div id="a110696" style="position:absolute;font-weight:normal;font-style:normal;left:326.381px;top:85.3px;">$ </div><div id="a110698" style="position:absolute;left:380.968px;top:85.9px;">72.12</div><div id="a110701" style="position:absolute;left:468.968px;top:85.9px;">2,133</div><div id="a110704" style="position:absolute;font-weight:normal;font-style:normal;left:523.408px;top:85.9px;">$ </div><div id="a110706" style="position:absolute;left:578.928px;top:85.9px;">72.12</div><div id="a110710" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">$ </div><div id="a110712" style="position:absolute;left:16.427px;top:102.1px;">80.01</div><div id="a110712_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:102.1px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110715" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:102.1px;">- </div><div id="a110718" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:102.1px;">$ </div><div id="a110720" style="position:absolute;left:90.341px;top:102.1px;">90.00</div><div id="a110720_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:120.421px;top:102.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110723" style="position:absolute;left:178.061px;top:102.9px;">1,309</div><div id="a110726" style="position:absolute;left:290.541px;top:102.9px;">1.0</div><div id="a110730" style="position:absolute;left:380.968px;top:102.9px;">87.30</div><div id="a110733" style="position:absolute;left:468.968px;top:102.9px;">1,309</div><div id="a110737" style="position:absolute;left:578.928px;top:102.9px;">87.30</div><div id="a110741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">$ </div><div id="a110743" style="position:absolute;left:16.427px;top:119px;">90.01</div><div id="a110743_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:119px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110746" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:119px;">- </div><div id="a110749" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:119px;">$ </div><div id="a110751" style="position:absolute;left:90.341px;top:119px;">130.00</div><div id="a110751_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:119px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110754" style="position:absolute;left:194.861px;top:119.8px;">—</div><div id="a110757" style="position:absolute;font-weight:normal;font-style:normal;left:293.901px;top:119.8px;">— </div><div id="a110761" style="position:absolute;left:397.768px;top:119.8px;">—</div><div id="a110764" style="position:absolute;left:485.768px;top:119.8px;">—</div><div id="a110768" style="position:absolute;left:595.728px;top:119.8px;">—</div><div id="a110772" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">$ </div><div id="a110774" style="position:absolute;left:16.427px;top:136px;">130.01</div><div id="a110774_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:136px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110777" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:136px;">- </div><div id="a110780" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:136px;">$ </div><div id="a110782" style="position:absolute;left:90.341px;top:136px;">140.00</div><div id="a110782_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:136px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110785" style="position:absolute;left:171.501px;top:136.8px;">51,732</div><div id="a110788" style="position:absolute;left:290.541px;top:136.8px;">6.0</div><div id="a110792" style="position:absolute;left:374.408px;top:136.8px;">136.54</div><div id="a110795" style="position:absolute;left:468.968px;top:136.8px;">2,617</div><div id="a110799" style="position:absolute;left:572.368px;top:136.8px;">134.60</div><div id="a110803" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">$ </div><div id="a110805" style="position:absolute;left:16.427px;top:153px;">140.01</div><div id="a110805_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:153px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110808" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:153px;">- </div><div id="a110811" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:153px;">$ </div><div id="a110813" style="position:absolute;left:90.341px;top:153px;">150.00</div><div id="a110813_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:153px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110816" style="position:absolute;left:194.861px;top:153.9px;">—</div><div id="a110819" style="position:absolute;font-weight:normal;font-style:normal;left:293.901px;top:153.9px;">— </div><div id="a110823" style="position:absolute;left:397.768px;top:153.9px;">—</div><div id="a110826" style="position:absolute;left:485.768px;top:153.9px;">—</div><div id="a110830" style="position:absolute;left:595.728px;top:153.9px;">—</div><div id="a110834" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">$ </div><div id="a110836" style="position:absolute;left:16.427px;top:170.1px;">150.01</div><div id="a110836_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:170.1px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110839" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:170.1px;">- </div><div id="a110842" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:170.1px;">$ </div><div id="a110844" style="position:absolute;left:90.341px;top:170.1px;">160.00</div><div id="a110844_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:170.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110847" style="position:absolute;left:171.501px;top:170.9px;">55,162</div><div id="a110850" style="position:absolute;left:290.541px;top:170.9px;">4.8</div><div id="a110854" style="position:absolute;left:374.408px;top:170.9px;">154.14</div><div id="a110857" style="position:absolute;left:462.408px;top:170.9px;">11,387</div><div id="a110861" style="position:absolute;left:572.368px;top:170.9px;">154.37</div><div id="a110873" style="position:absolute;left:164.741px;top:188.8px;">110,336</div><div id="a110876" style="position:absolute;left:290.541px;top:188.8px;">5.2</div><div id="a110880" style="position:absolute;left:374.408px;top:188.8px;">143.51</div><div id="a110883" style="position:absolute;left:462.408px;top:188.8px;">17,446</div><div id="a110887" style="position:absolute;left:572.368px;top:188.8px;">136.32</div></div></div></div><div id="TextBlockContainer864" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:697px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110890" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020, unrecognized compensation expense<div style="display:inline-block;width:4.79px"> </div>related to options granted in 2020, 2019 and 2018 was </div><div id="a110890_113_4" style="position:absolute;left:664.399px;top:0px;-sec-ix-hidden:ID_568;">$1.2</div><div id="a110890_117_1" style="position:absolute;font-weight:normal;font-style:normal;left:687.76px;top:0px;"> </div><div id="a110928" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">million, </div><div id="a110928_9_4" style="position:absolute;left:49.739px;top:15.4px;-sec-ix-hidden:ID_566;">$0.3</div><div id="a110928_13_23" style="position:absolute;font-weight:normal;font-style:normal;left:73.099px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and less than </div><div id="a110928_36_4" style="position:absolute;left:190.533px;top:15.4px;-sec-ix-hidden:ID_567;">$0.1</div><div id="a110928_40_75" style="position:absolute;font-weight:normal;font-style:normal;left:213.893px;top:15.4px;"><div style="display:inline-block;width:3.4px"> </div>million, respectively, to be<div style="display:inline-block;width:4.79px"> </div>recognized over a weighted average period of </div><div id="a110928_115_3" style="position:absolute;left:610.16px;top:15.4px;">1.9</div><div id="a110928_118_7" style="position:absolute;font-weight:normal;font-style:normal;left:626.96px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>years.</div></div><div id="TextBlockContainer866" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:716px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110969" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company granted stock options under its LTIP<div style="display:inline-block;width:5.74px"> </div>plan that are subject only to time vesting generally over a<div style="display:inline-block;width:4.74px"> </div>three-year period </div><div id="a111014" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">during 2020,<div style="display:inline-block;width:3.68px"> </div>2019,<div style="display:inline-block;width:3.55px"> </div>2018 and 2017.<div style="display:inline-block;width:7.03px"> </div>For the purposes of determining the fair value of stock option<div style="display:inline-block;width:4.83px"> </div>awards, the Company uses the </div><div id="a111062" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Black-Scholes option pricing model and the assumptions<div style="display:inline-block;width:4.82px"> </div>set forth in the table below:</div></div><div id="TextBlockContainer870" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_868_XBRL_CS_7d7e806e51a340678739429f50aeb27c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer869" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111094" style="position:absolute;font-weight:bold;font-style:normal;left:294.093px;top:0px;">2020 </div><div id="a111097" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2019 </div><div id="a111100" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2018 </div><div id="a111103" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2017 </div><div id="a111107" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Number of stock options granted </div><div id="a111109" style="position:absolute;left:300.973px;top:17.3px;">49,115</div><div id="a111113" style="position:absolute;left:403.08px;top:17.3px;">51,610</div><div id="a111117" style="position:absolute;left:505px;top:17.3px;">35,842</div><div id="a111121" style="position:absolute;left:607.12px;top:17.3px;">42,477</div><div id="a111126" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Dividend yield </div><div id="a111128" style="position:absolute;left:314.253px;top:34.1px;">0.99</div><div id="a111130" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:34.1px;">% </div><div id="a111133" style="position:absolute;left:416.36px;top:34.1px;">1.12</div><div id="a111135" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:34.1px;">% </div><div id="a111138" style="position:absolute;left:518.28px;top:34.1px;">1.37</div><div id="a111140" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:34.1px;">% </div><div id="a111143" style="position:absolute;left:620.4px;top:34.1px;">1.49</div><div id="a111145" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:34.1px;">% </div><div id="a111149" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.1px;">Expected volatility </div><div id="a111151" style="position:absolute;left:307.533px;top:51.1px;">31.57</div><div id="a111153" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:51.1px;">% </div><div id="a111156" style="position:absolute;left:409.64px;top:51.1px;">26.29</div><div id="a111158" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:51.1px;">% </div><div id="a111161" style="position:absolute;left:511.56px;top:51.1px;">24.73</div><div id="a111163" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:51.1px;">% </div><div id="a111166" style="position:absolute;left:613.68px;top:51.1px;">25.52</div><div id="a111168" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:51.1px;">% </div><div id="a111172" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Risk-free interest rate </div><div id="a111176" style="position:absolute;left:314.253px;top:68px;">0.36</div><div id="a111178" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:68px;">% </div><div id="a111181" style="position:absolute;left:416.36px;top:68px;">1.52</div><div id="a111183" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:68px;">% </div><div id="a111186" style="position:absolute;left:518.28px;top:68px;">2.54</div><div id="a111188" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:68px;">% </div><div id="a111191" style="position:absolute;left:620.4px;top:68px;">1.67</div><div id="a111193" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:68px;">% </div><div id="a111197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Expected term (years) </div><div id="a111199" style="position:absolute;left:320.973px;top:85px;">4.0</div><div id="a111203" style="position:absolute;left:423.08px;top:85px;">4.0</div><div id="a111207" style="position:absolute;left:525px;top:85px;">4.0</div><div id="a111211" style="position:absolute;left:627.12px;top:85px;">4.0</div></div></div></div><div id="TextBlockContainer872" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111264" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair value of these options is being amortized on a<div style="display:inline-block;width:4.71px"> </div>straight-line basis over the respective vesting period of each award.<div style="display:inline-block;width:7.98px"> </div>The </div><div id="a111312" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">compensation expense recorded on each award during<div style="display:inline-block;width:4.77px"> </div>the years ended December 31, 2020, 2019 and 2018, respectively,<div style="display:inline-block;width:5.53px"> </div>is as follows:</div></div><div id="TextBlockContainer876" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_874_XBRL_CS_efeae339032842c483aa0756c9c6bff4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer875" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111356" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:0px;">2020 </div><div id="a111360" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2019 </div><div id="a111364" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2018 </div><div id="a111368" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">2020 Stock option awards </div><div id="a111370" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.8px;">$ </div><div id="a111372" style="position:absolute;left:434.6px;top:17.3px;">385</div><div id="a111375" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.8px;">$ </div><div id="a111377" style="position:absolute;left:543.28px;top:17.3px;">—</div><div id="a111380" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.8px;">$ </div><div id="a111382" style="position:absolute;left:645.36px;top:17.3px;">—</div><div id="a111386" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">2019 Stock option awards </div><div id="a111389" style="position:absolute;left:434.6px;top:33.9px;">698</div><div id="a111393" style="position:absolute;left:536.52px;top:33.9px;">665</div><div id="a111397" style="position:absolute;left:645.36px;top:33.9px;">—</div><div id="a111401" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">2018 Stock option awards </div><div id="a111404" style="position:absolute;left:434.6px;top:51px;">357</div><div id="a111408" style="position:absolute;left:536.52px;top:51px;">364</div><div id="a111412" style="position:absolute;left:638.64px;top:51px;">310</div><div id="a111416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">2017 Stock option awards </div><div id="a111419" style="position:absolute;left:441.32px;top:68px;">51</div><div id="a111423" style="position:absolute;left:536.52px;top:68px;">369</div><div id="a111427" style="position:absolute;left:638.64px;top:68px;">367</div></div></div></div><div id="TextBlockContainer878" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:592px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111430" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Restricted Stock Awards </div><div id="a111436" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Activity of non-vested restricted stock awards granted<div style="display:inline-block;width:4.75px"> </div>under the Company’s LTIP<div style="display:inline-block;width:5.89px"> </div>plan is shown below:</div></div><div id="TextBlockContainer881" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:649px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111474" style="position:absolute;font-weight:bold;font-style:normal;left:377.64px;top:0px;">Number of </div><div id="a111477" style="position:absolute;font-weight:bold;font-style:normal;left:489.64px;top:0px;">Weighted Average<div style="display:inline-block;width:5.57px"> </div>Grant<div style="display:inline-block;width:3.45px"> </div></div><div id="a111482" style="position:absolute;font-weight:bold;font-style:normal;left:389.32px;top:17px;">Shares </div><div id="a111485" style="position:absolute;font-weight:bold;font-style:normal;left:483.08px;top:17px;">Date Fair Value<div style="display:inline-block;width:5.06px"> </div>(per share) </div><div id="a111489" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.3px;">Nonvested awards, December 31, 2019 </div><div id="a111491" style="position:absolute;left:412.04px;top:34.3px;">64,500</div><div id="a111494" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:34.3px;">$ </div><div id="a111496" style="position:absolute;left:549.2px;top:34.3px;">152.67</div><div id="a111496_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:34.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111500" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:51.1px;">Granted </div><div id="a111502" style="position:absolute;left:412.04px;top:51.1px;">28,244</div><div id="a111506" style="position:absolute;left:549.2px;top:51.1px;">145.63</div><div id="a111506_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:51.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111510" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68px;">Vested </div><div id="a111512" style="position:absolute;left:407.08px;top:68px;">(19,195)</div><div id="a111516" style="position:absolute;left:549.2px;top:68px;">148.15</div><div id="a111516_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:68px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111520" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:85px;">Forfeited </div><div id="a111522" style="position:absolute;left:413.8px;top:85px;">(1,781)</div><div id="a111526" style="position:absolute;left:549.2px;top:85px;">150.27</div><div id="a111526_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:85px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111530" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.9px;">Nonvested awards, December 31, 2020 </div><div id="a111532" style="position:absolute;left:412.04px;top:102.9px;">71,768</div><div id="a111535" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:102.9px;">$ </div><div id="a111537" style="position:absolute;left:549.2px;top:102.9px;">151.17</div></div><div id="TextBlockContainer884" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:109px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111540" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair value of the non-vested stock is based on the trading<div style="display:inline-block;width:4.71px"> </div>price of the Company’s<div style="display:inline-block;width:4.7px"> </div>common stock on the date of grant.<div style="display:inline-block;width:7.36px"> </div>The </div><div id="a111591" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Company adjusts the grant date fair value for expected<div style="display:inline-block;width:4.69px"> </div>forfeitures based on historical experience for similar<div style="display:inline-block;width:4.76px"> </div>awards.<div style="display:inline-block;width:6.75px"> </div>As of December </div><div id="a111631" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">31, 2020, unrecognized compensation expense related to<div style="display:inline-block;width:4.75px"> </div>these awards was </div><div id="a111631_72_4" style="position:absolute;left:405.8px;top:30.7px;-sec-ix-hidden:ID_563;">$4.7</div><div id="a111631_76_51" style="position:absolute;font-weight:normal;font-style:normal;left:429.32px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million, to be recognized over a weighted average </div><div id="a111671" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">remaining period of </div><div id="a111671_20_3" style="position:absolute;left:113.733px;top:46.1px;">1.6</div><div id="a111671_23_8" style="position:absolute;font-weight:normal;font-style:normal;left:130.533px;top:46.1px;"><div style="display:inline-block;width:3.2px"> </div>years. </div><div id="a111681" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:69.4px;">Restricted Stock Units </div><div id="a111687" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.8px;">Activity of non-vested restricted stock units granted under<div style="display:inline-block;width:4.73px"> </div>the Company’s LTIP<div style="display:inline-block;width:5.85px"> </div>plan is shown below:</div></div><div id="TextBlockContainer888" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:646px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_886_XBRL_CS_69fdfcbc78df4fef9e49eef11dfb193f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer887" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:646px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111721" style="position:absolute;font-weight:bold;font-style:normal;left:377.64px;top:0px;">Number of </div><div id="a111724" style="position:absolute;font-weight:bold;font-style:normal;left:489.64px;top:0px;">Weighted Average<div style="display:inline-block;width:5.57px"> </div>Grant<div style="display:inline-block;width:3.45px"> </div></div><div id="a111729" style="position:absolute;font-weight:bold;font-style:normal;left:393.32px;top:17px;">Units </div><div id="a111732" style="position:absolute;font-weight:bold;font-style:normal;left:487.08px;top:17px;">Date Fair Value<div style="display:inline-block;width:5.06px"> </div>(per unit) </div><div id="a111736" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.3px;">Nonvested awards, December 31, 2019 </div><div id="a111738" style="position:absolute;left:418.6px;top:34.3px;">8,655</div><div id="a111741" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:34.3px;">$ </div><div id="a111743" style="position:absolute;left:549.2px;top:34.3px;">152.09</div><div id="a111743_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:34.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111747" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.9px;">Granted </div><div id="a111749" style="position:absolute;left:418.6px;top:50.9px;">6,030</div><div id="a111753" style="position:absolute;left:549.2px;top:50.9px;">141.65</div><div id="a111753_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:50.9px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111757" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68px;">Vested </div><div id="a111759" style="position:absolute;left:413.8px;top:68px;">(1,791)</div><div id="a111763" style="position:absolute;left:549.2px;top:68px;">141.92</div><div id="a111763_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:68px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111767" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:85px;">Forfeited </div><div id="a111769" style="position:absolute;left:413.8px;top:85px;">(2,049)</div><div id="a111773" style="position:absolute;left:549.2px;top:85px;">153.50</div><div id="a111773_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:85px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.7px;">Nonvested awards, December 31, 2020 </div><div id="a111779" style="position:absolute;left:412.04px;top:102.7px;">10,845</div><div id="a111782" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:102.7px;">$ </div><div id="a111784" style="position:absolute;left:549.2px;top:102.7px;">147.70</div></div></div></div><div id="TextBlockContainer890" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111787" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair value of the non-vested restricted stock units is based<div style="display:inline-block;width:4.88px"> </div>on the trading price of the Company’s<div style="display:inline-block;width:5.06px"> </div>common stock on the date of </div><div id="a111837" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">grant.<div style="display:inline-block;width:7.03px"> </div>The Company adjusts the grant date fair value for expected forfeitures<div style="display:inline-block;width:4.97px"> </div>based on historical experience for similar awards.<div style="display:inline-block;width:7.75px"> </div>As of </div><div id="a111881" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">December 31, 2020, unrecognized compensation expense<div style="display:inline-block;width:4.77px"> </div>related to these awards was </div><div id="a111881_81_4" style="position:absolute;left:464.2px;top:30.7px;-sec-ix-hidden:ID_564;">$0.8</div><div id="a111881_85_43" style="position:absolute;font-weight:normal;font-style:normal;left:487.56px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>million, to be recognized over a weighted </div><div id="a111919" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">average remaining period of </div><div id="a111919_28_3" style="position:absolute;left:158.533px;top:46.1px;">2.0</div><div id="a111919_31_7" style="position:absolute;font-weight:normal;font-style:normal;left:175.173px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>years.</div></div><div id="TextBlockContainer892" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111931" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Performance Stock Units </div><div id="a111937" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">In March 2020, the Company included performance<div style="display:inline-block;width:1.46px"> </div>-dependent stock awards (“PSUs”) as a component of its LTIP,<div style="display:inline-block;width:7.31px"> </div>which will be </div><div id="a111977" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">settled in a certain number of shares subject to market<div style="display:inline-block;width:1.38px"> </div>-based and time-based vesting conditions.<div style="display:inline-block;width:7.56px"> </div>The number of fully vested shares </div><div id="a112021" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54px;">that may ultimately be issued as settlement for each<div style="display:inline-block;width:4.74px"> </div>award may range from </div><div id="a112021_74_1" style="position:absolute;left:408.04px;top:54px;">0</div><div id="a112021_75_8" style="position:absolute;font-weight:normal;font-style:normal;left:414.76px;top:54px;">% up to </div><div id="a112021_83_3" style="position:absolute;left:459.399px;top:54px;">200</div><div id="a112021_86_38" style="position:absolute;font-weight:normal;font-style:normal;left:479.399px;top:54px;">% of the target award, subject to the </div><div id="a112070" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">achievement of the Company’s<div style="display:inline-block;width:4.78px"> </div>total shareholder return (“TSR”) relative to the performance<div style="display:inline-block;width:4.8px"> </div>of the Company’s peer<div style="display:inline-block;width:4.72px"> </div>group, the S&amp;P </div><div id="a112108" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">Midcap 400 Materials group.<div style="display:inline-block;width:7.37px"> </div>The service period required for the PSUs is three years and<div style="display:inline-block;width:4.86px"> </div>the TSR measurement period for the PSUs is </div><div id="a112155" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">from January 1, 2020 through December 31, 2022.<div style="display:inline-block;width:7.8px"> </div></div><div id="a112172" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:123.2px;">Compensation expense for PSUs is measured based on<div style="display:inline-block;width:4.74px"> </div>their grant date fair value and is recognized on a straight-line basis over </div><div id="a112217" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.6px;">the three-year vesting period.<div style="display:inline-block;width:7.3px"> </div>The grant-date fair value of the PSUs was estimated using a<div style="display:inline-block;width:4.74px"> </div>Monte Carlo simulation on the grant date </div><div id="a112265" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154px;">and using the following assumptions: (i) a risk-free<div style="display:inline-block;width:4.73px"> </div>rate of </div><div id="a112265_61_4" style="position:absolute;left:318.733px;top:154px;">0.28</div><div id="a112265_65_28" style="position:absolute;font-weight:normal;font-style:normal;left:342.093px;top:154px;">%; (ii) an expected term of </div><div id="a112265_93_3" style="position:absolute;left:488.679px;top:154px;">3.0</div><div id="a112265_96_37" style="position:absolute;font-weight:normal;font-style:normal;left:505.479px;top:154px;"><div style="display:inline-block;width:3.36px"> </div>years; and (iii) a three-year daily </div><div id="a112316" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">historical volatility for each of the companies in the<div style="display:inline-block;width:4.74px"> </div>peer group, including Quaker Houghton.<div style="display:inline-block;width:3.91px"> </div></div><div id="a112345" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192.7px;"><div style="display:inline-block;width:192.03px"> </div></div></div><div id="TextBlockContainer894" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:726px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112396" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020, the Company estimates that it will issue<div style="display:inline-block;width:4.73px"> </div>approximately </div><div id="a112396_80_6" style="position:absolute;left:468.84px;top:0px;">20,000</div><div id="a112396_86_42" style="position:absolute;font-weight:normal;font-style:normal;left:505.639px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>fully vested shares as of the settlement </div><div id="a112438" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">date of the award based on the conditions of the<div style="display:inline-block;width:4.7px"> </div>PSUs and Company’s closing<div style="display:inline-block;width:4.74px"> </div>stock price on December 31, 2020.<div style="display:inline-block;width:7.51px"> </div>As of December </div><div id="a112484" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">31, 2020, there was approximately $</div><div id="a112484_35_3" style="position:absolute;left:199.013px;top:30.7px;">2.5</div><div id="a112484_38_91" style="position:absolute;font-weight:normal;font-style:normal;left:215.653px;top:30.7px;"><div style="display:inline-block;width:3.4px"> </div>million of total unrecognized compensation cost related to PSUs which<div style="display:inline-block;width:4.75px"> </div>the Company expects </div><div id="a112522" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">to recognize over a weighted-average period of </div><div id="a112522_47_3" style="position:absolute;left:259.693px;top:46.1px;">2.2</div><div id="a112522_50_7" style="position:absolute;font-weight:normal;font-style:normal;left:276.333px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>years.</div></div><div id="TextBlockContainer896" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:298px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112543" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Annual Incentive Plan </div><div id="a112549" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">The Company maintains an Annual Incentive Plan<div style="display:inline-block;width:4.7px"> </div>(“AIP”), which may be settled in cash or a certain number of<div style="display:inline-block;width:4.72px"> </div>shares subject to </div><div id="a112593" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.8px;">performance-based and time-based vesting conditions.<div style="display:inline-block;width:8.02px"> </div>As previously disclosed within the Company’s<div style="display:inline-block;width:5.16px"> </div>Form 10-Q for the first three </div><div id="a112634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.2px;">quarters of 2020, it was the Company’s<div style="display:inline-block;width:5.12px"> </div>intention at that time to settle the 2020 AIP in shares, and<div style="display:inline-block;width:4.72px"> </div>therefore, expense associated with </div><div id="a112681" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">the AIP in 2020 was recorded as a component of share<div style="display:inline-block;width:1.41px"> </div>-based compensation expense during the first nine months of 2020.<div style="display:inline-block;width:4.76px"> </div></div><div id="a112724" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:87.2px;">In the fourth quarter of 2020, the Company determined<div style="display:inline-block;width:4.74px"> </div>that it would settle the current year AIP in cash.<div style="display:inline-block;width:7.79px"> </div>Therefore, the share-</div><div id="a112771" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.6px;">based compensation associated with the AIP during<div style="display:inline-block;width:4.71px"> </div>the year ended December 31, 2020 was reclassified from a<div style="display:inline-block;width:4.7px"> </div>component of share-</div><div id="a112811" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:117.9px;">based compensation expense to incentive compensation.<div style="display:inline-block;width:8.14px"> </div>This determination and conclusion had no impact on<div style="display:inline-block;width:4.72px"> </div>the classification of </div><div id="a112845" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:133.3px;">AIP expense within the Company’s<div style="display:inline-block;width:5.03px"> </div>Consolidated Statement of Income for the year ended December<div style="display:inline-block;width:4.85px"> </div>31, 2020 as both are a component </div><div id="a112890" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:148.7px;">of SG&amp;A.<div style="display:inline-block;width:3.51px"> </div></div><div id="a112895" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:169.3px;">As a result of the change, there was an immaterial impact<div style="display:inline-block;width:4.71px"> </div>on the Company’s calculation<div style="display:inline-block;width:4.85px"> </div>of diluted earnings per share for the year </div><div id="a112941" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.7px;">ended December 31, 2020 as the Company no longer considers<div style="display:inline-block;width:4.79px"> </div>the estimated number of shares related to a hypothetical<div style="display:inline-block;width:4.71px"> </div>AIP </div><div id="a112981" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">settlement in shares as a component of its diluted earnings<div style="display:inline-block;width:4.73px"> </div>per share calculation.<div style="display:inline-block;width:7px"> </div></div><div id="a113009" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:220.5px;">In addition, there was no impact on the Company’s<div style="display:inline-block;width:5.47px"> </div>Consolidated Balance Sheet as of December 31, 2020, as the<div style="display:inline-block;width:4.74px"> </div>AIP was and </div><div id="a113057" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:235.9px;">continues to be classified as a liability and included within<div style="display:inline-block;width:4.85px"> </div>accrued compensation.<div style="display:inline-block;width:7.15px"> </div>Similarly, there was a<div style="display:inline-block;width:4.74px"> </div>reclassification on the </div><div id="a113096" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:251.2px;">Company’s Consolidated<div style="display:inline-block;width:4.84px"> </div>Statement of Cash Flow between lines within Net cash provided by<div style="display:inline-block;width:4.71px"> </div>operating activities in the fourth quarter </div><div id="a113138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:266.6px;">of 2020.<div style="display:inline-block;width:6.97px"> </div>The expected cash flow impact of the AIP settled in cash is presented<div style="display:inline-block;width:5.05px"> </div>as a component of accounts payable and accrued </div><div id="a113184" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:282px;">liabilities for the year ended December 31, 2020.</div></div><div id="TextBlockContainer898" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113201" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Defined Contribution Plan<div style="display:inline-block;width:3.88px"> </div></div><div id="a113208" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">The Company has a 401(k) plan with an employer<div style="display:inline-block;width:4.58px"> </div>match covering a majority of its U.S. employees.<div style="display:inline-block;width:7.97px"> </div>The Company matches </div><div id="a113208_117_2" style="position:absolute;left:694.479px;top:20.6px;">50</div><div id="a113208_119_2" style="position:absolute;font-weight:normal;font-style:normal;left:707.919px;top:20.6px;">% </div><div id="a113250" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">of the first </div><div id="a113250_13_1" style="position:absolute;left:63.499px;top:36px;">6</div><div id="a113250_14_91" style="position:absolute;font-weight:normal;font-style:normal;left:70.219px;top:36px;">% of compensation that is contributed to the plan, with a maximum<div style="display:inline-block;width:4.71px"> </div>matching contribution of </div><div id="a113250_105_1" style="position:absolute;left:568.52px;top:36px;">3</div><div id="a113250_106_20" style="position:absolute;font-weight:normal;font-style:normal;left:575.239px;top:36px;">% of compensation.<div style="display:inline-block;width:3.64px"> </div></div><div id="a113297" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Additionally, the<div style="display:inline-block;width:4.65px"> </div>plan provides for non-elective nondiscretionary contributions<div style="display:inline-block;width:4.83px"> </div>on behalf of participants who have completed one year </div><div id="a113334" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.7px;">of service equal to </div><div id="a113334_20_1" style="position:absolute;left:106.053px;top:66.7px;">3</div><div id="a113334_21_101" style="position:absolute;font-weight:normal;font-style:normal;left:112.773px;top:66.7px;">% of the eligible participant's compensation.<div style="display:inline-block;width:7.68px"> </div>The Company’s matching contributions<div style="display:inline-block;width:4.98px"> </div>and non-elective </div><div id="a113371" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.9px;">contributions may be made in cash or in fully vested shares<div style="display:inline-block;width:4.63px"> </div>of the Company’s common<div style="display:inline-block;width:4.77px"> </div>stock.<div style="display:inline-block;width:6.89px"> </div>Beginning in April 2020,<div style="display:inline-block;width:3.79px"> </div>the Company </div><div id="a113419" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">began matching both non-elective and elective 401(k)<div style="display:inline-block;width:4.8px"> </div>contributions in fully vested shares of its common stock rather than<div style="display:inline-block;width:4.72px"> </div>cash.<div style="display:inline-block;width:6.84px"> </div>For </div><div id="a113462" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.7px;">the year ended December 31, 2020, total contributions<div style="display:inline-block;width:4.76px"> </div>were $</div><div id="a113462_60_3" style="position:absolute;left:333.773px;top:112.7px;">3.1</div><div id="a113462_63_9" style="position:absolute;font-weight:normal;font-style:normal;left:350.573px;top:112.7px;"><div style="display:inline-block;width:3.36px"> </div>million.</div></div><div id="TextBlockContainer900" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113487" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Employee Stock Purchase Plan </div><div id="a113495" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">In 2000, the Board adopted an Employee Stock Purchase<div style="display:inline-block;width:4.81px"> </div>Plan (“ESPP”) whereby employees may purchase Company stock </div><div id="a113529" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">through a payroll deduction plan.<div style="display:inline-block;width:7.53px"> </div>Purchases were made from the plan and credited to each<div style="display:inline-block;width:4.71px"> </div>participant’s account on<div style="display:inline-block;width:4.71px"> </div>the last day of </div><div id="a113573" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">each calendar month in which the organized<div style="display:inline-block;width:4.83px"> </div>securities trading markets in the U.S. were open for business (the<div style="display:inline-block;width:4.86px"> </div>“Investment Date”).<div style="display:inline-block;width:3.79px"> </div></div><div id="a113613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.7px;">The purchase price of the stock was </div><div id="a113613_36_2" style="position:absolute;left:198.853px;top:66.7px;">85</div><div id="a113613_38_87" style="position:absolute;font-weight:normal;font-style:normal;left:212.293px;top:66.7px;">% of the fair market value on the Investment Date.<div style="display:inline-block;width:7.68px"> </div>The plan was compensatory,<div style="display:inline-block;width:4.81px"> </div>and the </div><div id="a113613_125_2" style="position:absolute;left:687.279px;top:66.7px;">15</div><div id="a113613_127_2" style="position:absolute;font-weight:normal;font-style:normal;left:700.719px;top:66.7px;">% </div><div id="a113662" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:82.1px;">discount was expensed on the Investment Date.<div style="display:inline-block;width:7.86px"> </div>All employees, including officers, were eligible to participate<div style="display:inline-block;width:4.99px"> </div>in this plan.<div style="display:inline-block;width:6.94px"> </div>A </div><div id="a113700" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">participant could withdraw all uninvested payment<div style="display:inline-block;width:4.57px"> </div>balances credited to a participant’s<div style="display:inline-block;width:4.88px"> </div>account at any time.<div style="display:inline-block;width:7.19px"> </div>An employee whose stock </div><div id="a113738" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">ownership of the Company exceeds five percent of<div style="display:inline-block;width:4.81px"> </div>the outstanding common stock was not eligible to participate in this plan.<div style="display:inline-block;width:4.77px"> </div></div><div id="a113779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">Effective January 1, 2020, the Company<div style="display:inline-block;width:4.76px"> </div>discontinued the ESPP.</div></div><div id="TextBlockContainer902" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:193px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113797" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">2013 Director Stock Ownership Plan </div><div id="a113807" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">In 2013, the Company adopted the 2013 Director Stock<div style="display:inline-block;width:4.74px"> </div>Ownership Plan (the “Plan”), to encourage the Directors to increase their </div><div id="a113848" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.8px;">investment in the Company,<div style="display:inline-block;width:4.2px"> </div>which was approved at the Company’s<div style="display:inline-block;width:4.86px"> </div>May 2013 shareholders’ meeting.<div style="display:inline-block;width:7.45px"> </div>The Plan authorizes the </div><div id="a113885" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54px;">issuance of up to </div><div id="a113885_18_6" style="position:absolute;left:97.893px;top:54px;">75,000</div><div id="a113885_24_110" style="position:absolute;font-weight:normal;font-style:normal;left:134.533px;top:54px;"><div style="display:inline-block;width:3.36px"> </div>shares of Quaker common stock in accordance with<div style="display:inline-block;width:4.7px"> </div>the terms of the Plan in payment of all or a portion of the </div><div id="a113940" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">annual cash retainer payable to each of the Company’s<div style="display:inline-block;width:5.43px"> </div>non-employee directors in 2013 and subsequent years during<div style="display:inline-block;width:4.79px"> </div>the term of the </div><div id="a113984" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">Plan.<div style="display:inline-block;width:6.83px"> </div>Under the Plan, each director who, on May 1</div><div id="a114004" style="position:absolute;font-size:8.64px;font-weight:normal;font-style:normal;left:278.253px;top:84.3px;"> </div><div id="a114005" style="position:absolute;font-weight:normal;font-style:normal;left:280.333px;top:84.7px;">of the applicable calendar year, owns less than </div><div id="a114005_48_3" style="position:absolute;left:531.72px;top:84.7px;">400</div><div id="a114005_51_30" style="position:absolute;font-weight:normal;font-style:normal;left:551.88px;top:84.7px;">% of the annual cash retainer </div><div id="a114033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">for the applicable calendar year,<div style="display:inline-block;width:4.74px"> </div>divided by the average of the closing price of a share of<div style="display:inline-block;width:4.7px"> </div>Quaker Common Stock as reported by the </div><div id="a114082" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">composite tape of the New York<div style="display:inline-block;width:5.52px"> </div>Stock Exchange for the previous calendar year (the “Threshold Amount”),<div style="display:inline-block;width:4.97px"> </div>is required to receive </div><div id="a114082_126_2" style="position:absolute;left:697.359px;top:115.4px;">75</div><div id="a114082_128_2" style="position:absolute;font-weight:normal;font-style:normal;left:710.799px;top:115.4px;">% </div><div id="a114124" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.8px;">of the annual cash retainer in Quaker common stock and </div><div id="a114124_55_2" style="position:absolute;left:308.973px;top:130.8px;">25</div><div id="a114124_57_75" style="position:absolute;font-weight:normal;font-style:normal;left:322.253px;top:130.8px;">% of the retainer in cash, unless the director elects to receive a<div style="display:inline-block;width:4.75px"> </div>greater </div><div id="a114173" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146px;">percentage of Quaker common stock, up to </div><div id="a114173_41_3" style="position:absolute;left:237.933px;top:146px;">100</div><div id="a114173_44_84" style="position:absolute;font-weight:normal;font-style:normal;left:257.933px;top:146px;">% of the annual cash retainer for the applicable year.<div style="display:inline-block;width:8.38px"> </div>Each director who owns more </div><div id="a114218" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">than the Threshold Amount may elect to receive<div style="display:inline-block;width:4.74px"> </div>common stock in payment of a percentage (up to </div><div id="a114218_94_3" style="position:absolute;left:529.479px;top:161.3px;">100</div><div id="a114218_97_33" style="position:absolute;font-weight:normal;font-style:normal;left:549.479px;top:161.3px;">%) of the annual cash retainer.<div style="display:inline-block;width:4.78px"> </div></div><div id="a114264" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.7px;">The annual retainer is $</div><div id="a114264_24_3" style="position:absolute;left:130.373px;top:176.7px;">0.1</div><div id="a114264_27_49" style="position:absolute;font-weight:normal;font-style:normal;left:147.173px;top:176.7px;"><div style="display:inline-block;width:3.36px"> </div>million and the retainer payment date is June 1.</div></div> <div id="TextBlockContainer845" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109881" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:0px;">2020 </div><div id="a109885" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2019 </div><div id="a109889" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2018 </div><div id="a109893" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Stock options </div><div id="a109895" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.9px;">$ </div><div id="a109897" style="position:absolute;left:424.52px;top:17.3px;">1,491</div><div id="a109900" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.9px;">$ </div><div id="a109902" style="position:absolute;left:526.44px;top:17.3px;">1,448</div><div id="a109905" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.9px;">$ </div><div id="a109907" style="position:absolute;left:628.56px;top:17.3px;">1,053</div><div id="a109911" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Non-vested stock awards and restricted stock units </div><div id="a109916" style="position:absolute;left:424.52px;top:34.1px;">5,012</div><div id="a109920" style="position:absolute;left:526.44px;top:34.1px;">3,206</div><div id="a109924" style="position:absolute;left:628.56px;top:34.1px;">2,459</div><div id="a109928" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Non-elective and elective 401(k) matching contribution in<div style="display:inline-block;width:4.77px"> </div>stock </div><div id="a109933" style="position:absolute;left:424.52px;top:51px;">3,112</div><div id="a109937" style="position:absolute;left:543.28px;top:51px;">—</div><div id="a109941" style="position:absolute;left:645.36px;top:51px;">—</div><div id="a109945" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Employee stock purchase plan </div><div id="a109948" style="position:absolute;left:441.32px;top:68px;">—</div><div id="a109952" style="position:absolute;left:543.28px;top:68px;">84</div><div id="a109956" style="position:absolute;left:645.36px;top:68px;">89</div><div id="a109960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Director stock ownership plan </div><div id="a109963" style="position:absolute;left:434.6px;top:85px;">541</div><div id="a109967" style="position:absolute;left:536.52px;top:85px;">123</div><div id="a109971" style="position:absolute;left:638.64px;top:85px;">123</div><div id="a109975" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Performance stock units </div><div id="a109978" style="position:absolute;left:434.6px;top:102.1px;">840</div><div id="a109982" style="position:absolute;left:543.28px;top:102.1px;">—</div><div id="a109986" style="position:absolute;left:645.36px;top:102.1px;">—</div><div id="a109990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Annual incentive plan (1) </div><div id="a109993" style="position:absolute;left:441.32px;top:119.1px;">—</div><div id="a109997" style="position:absolute;left:543.28px;top:119.1px;">—</div><div id="a110001" style="position:absolute;left:645.36px;top:119.1px;">—</div><div id="a110005" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total share-based<div style="display:inline-block;width:4.85px"> </div>compensation expense </div><div id="a110009" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:137.9px;">$ </div><div id="a110011" style="position:absolute;left:417.96px;top:136.8px;">10,996</div><div id="a110014" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:137.9px;">$ </div><div id="a110016" style="position:absolute;left:526.44px;top:136.8px;">4,861</div><div id="a110019" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:137.9px;">$ </div><div id="a110021" style="position:absolute;left:628.56px;top:136.8px;">3,724</div><div id="a110036" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172.8px;">(1) Refer to the section entitled </div><div id="a110037" style="position:absolute;font-weight:normal;font-style:italic;left:174.053px;top:172.8px;">Annual Incentive Plan</div><div id="a110038" style="position:absolute;font-weight:normal;font-style:normal;left:293.453px;top:172.8px;"><div style="display:inline-block;width:3.2px"> </div>below for additional information.</div></div> 1491000 1448000 1053000 5012000 3206000 2459000 3112000 0 0 0 84000 89000 541000 123000 123000 840000 0 0 0 0 0 10996000 4861000 3724000 1500000 900000 100000 <div id="TextBlockContainer853" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110280" style="position:absolute;font-weight:bold;font-style:normal;left:446.12px;top:0px;">Weighted<div style="display:inline-block;width:4.22px"> </div></div><div id="a110283" style="position:absolute;font-weight:bold;font-style:normal;left:548.04px;top:0px;">Weighted </div><div id="a110292" style="position:absolute;font-weight:bold;font-style:normal;left:449.8px;top:17px;">Average </div><div id="a110295" style="position:absolute;font-weight:bold;font-style:normal;left:551.72px;top:17px;">Average </div><div id="a110304" style="position:absolute;font-weight:bold;font-style:normal;left:449.48px;top:33.9px;">Exercise<div style="display:inline-block;width:3.83px"> </div></div><div id="a110307" style="position:absolute;font-weight:bold;font-style:normal;left:544.36px;top:33.9px;">Remaining </div><div id="a110310" style="position:absolute;font-weight:bold;font-style:normal;left:648.24px;top:33.9px;">Aggregate </div><div id="a110314" style="position:absolute;font-weight:bold;font-style:normal;left:346.413px;top:51px;">Number of </div><div id="a110317" style="position:absolute;font-weight:bold;font-style:normal;left:458.76px;top:51px;">Price<div style="display:inline-block;width:3.48px"> </div></div><div id="a110320" style="position:absolute;font-weight:bold;font-style:normal;left:541px;top:51px;">Contractual </div><div id="a110323" style="position:absolute;font-weight:bold;font-style:normal;left:653.04px;top:51px;">Intrinsic </div><div id="a110327" style="position:absolute;font-weight:bold;font-style:normal;left:354.733px;top:68px;">Options </div><div id="a110330" style="position:absolute;font-weight:bold;font-style:normal;left:439.56px;top:68px;">(per option) </div><div id="a110333" style="position:absolute;font-weight:bold;font-style:normal;left:538.28px;top:68px;">Term<div style="display:inline-block;width:4.71px"> </div>(years) </div><div id="a110336" style="position:absolute;font-weight:bold;font-style:normal;left:660.88px;top:68px;">Value </div><div id="a110338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">Options outstanding as of January 1, 2020 </div><div id="a110340" style="position:absolute;left:369.133px;top:85.3px;">144,412</div><div id="a110343" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85.3px;">$ </div><div id="a110345" style="position:absolute;left:477.96px;top:85.3px;">137.15</div><div id="a110353" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:101.9px;">Options granted </div><div id="a110355" style="position:absolute;left:375.853px;top:101.9px;">49,115</div><div id="a110359" style="position:absolute;left:477.96px;top:101.9px;">136.64</div><div id="a110367" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119px;">Options exercised </div><div id="a110369" style="position:absolute;left:370.893px;top:119px;">(83,191)</div><div id="a110373" style="position:absolute;left:477.96px;top:119px;">128.42</div><div id="a110380" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Options outstanding as of December 31, 2020 </div><div id="a110382" style="position:absolute;left:369.133px;top:136.8px;">110,336</div><div id="a110385" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:136.8px;">$ </div><div id="a110387" style="position:absolute;left:477.96px;top:136.8px;">143.51</div><div id="a110390" style="position:absolute;left:599.92px;top:136.8px;">5.2</div><div id="a110393" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:136.8px;">$ </div><div id="a110395" style="position:absolute;left:682px;top:136.8px;">12,015</div><div id="a110397" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:156.5px;">Options expected to vest after December 31, 2020 </div><div id="a110399" style="position:absolute;left:375.853px;top:156.5px;">92,890</div><div id="a110402" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:156.5px;">$ </div><div id="a110404" style="position:absolute;left:477.96px;top:156.5px;">144.86</div><div id="a110407" style="position:absolute;left:599.92px;top:156.5px;">5.6</div><div id="a110410" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:156.5px;">$ </div><div id="a110412" style="position:absolute;left:688.56px;top:156.5px;">9,990</div><div id="a110414" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:175.6px;">Options exercisable as of December 31, 2020 </div><div id="a110416" style="position:absolute;left:375.853px;top:175.6px;">17,446</div><div id="a110419" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:175.6px;">$ </div><div id="a110421" style="position:absolute;left:477.96px;top:175.6px;">136.32</div><div id="a110424" style="position:absolute;left:599.92px;top:175.6px;">3.4</div><div id="a110427" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:175.6px;">$ </div><div id="a110429" style="position:absolute;left:688.56px;top:175.6px;">2,025</div></div> 144412 137.15 49115 136.64 83191 128.42 110336 143.51 P5Y2M12D 12015000 92890 144.86 P5Y7M6D 9990000 17446 136.32 P3Y4M24D 2025000 <div id="TextBlockContainer861" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:618px;height:205px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110581" style="position:absolute;font-weight:bold;font-style:normal;left:242.381px;top:0px;">Weighted </div><div id="a110603" style="position:absolute;font-weight:bold;font-style:normal;left:246.061px;top:17px;">Average </div><div id="a110606" style="position:absolute;font-weight:bold;font-style:normal;left:341.261px;top:17px;">Weighted </div><div id="a110611" style="position:absolute;font-weight:bold;font-style:normal;left:538.768px;top:17px;">Weighted </div><div id="a110623" style="position:absolute;font-weight:bold;font-style:normal;left:152.581px;top:34.1px;">Number </div><div id="a110626" style="position:absolute;font-weight:bold;font-style:normal;left:238.701px;top:34.1px;">Remaining </div><div id="a110629" style="position:absolute;font-weight:bold;font-style:normal;left:344.968px;top:34.1px;">Average </div><div id="a110632" style="position:absolute;font-weight:bold;font-style:normal;left:443.528px;top:34.1px;">Number </div><div id="a110635" style="position:absolute;font-weight:bold;font-style:normal;left:542.448px;top:34.1px;">Average </div><div id="a110639" style="position:absolute;font-weight:bold;font-style:normal;left:40.421px;top:51px;">Range of </div><div id="a110642" style="position:absolute;font-weight:bold;font-style:normal;left:146.341px;top:51px;">of Options </div><div id="a110645" style="position:absolute;font-weight:bold;font-style:normal;left:235.341px;top:51px;">Contractual </div><div id="a110648" style="position:absolute;font-weight:bold;font-style:normal;left:328.141px;top:51px;">Exercise Price </div><div id="a110651" style="position:absolute;font-weight:bold;font-style:normal;left:437.288px;top:51px;">of Options </div><div id="a110654" style="position:absolute;font-weight:bold;font-style:normal;left:525.648px;top:51px;">Exercise Price </div><div id="a110658" style="position:absolute;font-weight:bold;font-style:normal;left:22.667px;top:68px;">Exercise Prices </div><div id="a110661" style="position:absolute;font-weight:bold;font-style:normal;left:140.581px;top:68px;">Outstanding </div><div id="a110664" style="position:absolute;font-weight:bold;font-style:normal;left:232.621px;top:68px;">Term<div style="display:inline-block;width:4.71px"> </div>(years) </div><div id="a110667" style="position:absolute;font-weight:bold;font-style:normal;left:334.701px;top:68px;">(per option) </div><div id="a110670" style="position:absolute;font-weight:bold;font-style:normal;left:434.248px;top:68px;">Exercisable </div><div id="a110673" style="position:absolute;font-weight:bold;font-style:normal;left:532.208px;top:68px;">(per option) </div><div id="a110677" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">$ </div><div id="a110679" style="position:absolute;left:16.427px;top:85.3px;">70.01</div><div id="a110679_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:85.3px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110682" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:85.3px;">- </div><div id="a110685" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:85.3px;">$ </div><div id="a110687" style="position:absolute;left:90.341px;top:85.3px;">80.00</div><div id="a110687_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:120.421px;top:85.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110690" style="position:absolute;left:178.061px;top:85.9px;">2,133</div><div id="a110693" style="position:absolute;left:290.541px;top:85.9px;">1.0</div><div id="a110696" style="position:absolute;font-weight:normal;font-style:normal;left:326.381px;top:85.3px;">$ </div><div id="a110698" style="position:absolute;left:380.968px;top:85.9px;">72.12</div><div id="a110701" style="position:absolute;left:468.968px;top:85.9px;">2,133</div><div id="a110704" style="position:absolute;font-weight:normal;font-style:normal;left:523.408px;top:85.9px;">$ </div><div id="a110706" style="position:absolute;left:578.928px;top:85.9px;">72.12</div><div id="a110710" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">$ </div><div id="a110712" style="position:absolute;left:16.427px;top:102.1px;">80.01</div><div id="a110712_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:102.1px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110715" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:102.1px;">- </div><div id="a110718" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:102.1px;">$ </div><div id="a110720" style="position:absolute;left:90.341px;top:102.1px;">90.00</div><div id="a110720_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:120.421px;top:102.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110723" style="position:absolute;left:178.061px;top:102.9px;">1,309</div><div id="a110726" style="position:absolute;left:290.541px;top:102.9px;">1.0</div><div id="a110730" style="position:absolute;left:380.968px;top:102.9px;">87.30</div><div id="a110733" style="position:absolute;left:468.968px;top:102.9px;">1,309</div><div id="a110737" style="position:absolute;left:578.928px;top:102.9px;">87.30</div><div id="a110741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">$ </div><div id="a110743" style="position:absolute;left:16.427px;top:119px;">90.01</div><div id="a110743_5_2" style="position:absolute;font-weight:normal;font-style:normal;left:46.507px;top:119px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110746" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:119px;">- </div><div id="a110749" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:119px;">$ </div><div id="a110751" style="position:absolute;left:90.341px;top:119px;">130.00</div><div id="a110751_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:119px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110754" style="position:absolute;left:194.861px;top:119.8px;">—</div><div id="a110757" style="position:absolute;font-weight:normal;font-style:normal;left:293.901px;top:119.8px;">— </div><div id="a110761" style="position:absolute;left:397.768px;top:119.8px;">—</div><div id="a110764" style="position:absolute;left:485.768px;top:119.8px;">—</div><div id="a110768" style="position:absolute;left:595.728px;top:119.8px;">—</div><div id="a110772" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">$ </div><div id="a110774" style="position:absolute;left:16.427px;top:136px;">130.01</div><div id="a110774_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:136px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110777" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:136px;">- </div><div id="a110780" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:136px;">$ </div><div id="a110782" style="position:absolute;left:90.341px;top:136px;">140.00</div><div id="a110782_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:136px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110785" style="position:absolute;left:171.501px;top:136.8px;">51,732</div><div id="a110788" style="position:absolute;left:290.541px;top:136.8px;">6.0</div><div id="a110792" style="position:absolute;left:374.408px;top:136.8px;">136.54</div><div id="a110795" style="position:absolute;left:468.968px;top:136.8px;">2,617</div><div id="a110799" style="position:absolute;left:572.368px;top:136.8px;">134.60</div><div id="a110803" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">$ </div><div id="a110805" style="position:absolute;left:16.427px;top:153px;">140.01</div><div id="a110805_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:153px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110808" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:153px;">- </div><div id="a110811" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:153px;">$ </div><div id="a110813" style="position:absolute;left:90.341px;top:153px;">150.00</div><div id="a110813_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:153px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110816" style="position:absolute;left:194.861px;top:153.9px;">—</div><div id="a110819" style="position:absolute;font-weight:normal;font-style:normal;left:293.901px;top:153.9px;">— </div><div id="a110823" style="position:absolute;left:397.768px;top:153.9px;">—</div><div id="a110826" style="position:absolute;left:485.768px;top:153.9px;">—</div><div id="a110830" style="position:absolute;left:595.728px;top:153.9px;">—</div><div id="a110834" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">$ </div><div id="a110836" style="position:absolute;left:16.427px;top:170.1px;">150.01</div><div id="a110836_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:53.067px;top:170.1px;"><div style="display:inline-block;width:3.19px"> </div></div><div id="a110839" style="position:absolute;font-weight:normal;font-style:normal;left:63.301px;top:170.1px;">- </div><div id="a110842" style="position:absolute;font-weight:normal;font-style:normal;left:78.341px;top:170.1px;">$ </div><div id="a110844" style="position:absolute;left:90.341px;top:170.1px;">160.00</div><div id="a110844_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:126.981px;top:170.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a110847" style="position:absolute;left:171.501px;top:170.9px;">55,162</div><div id="a110850" style="position:absolute;left:290.541px;top:170.9px;">4.8</div><div id="a110854" style="position:absolute;left:374.408px;top:170.9px;">154.14</div><div id="a110857" style="position:absolute;left:462.408px;top:170.9px;">11,387</div><div id="a110861" style="position:absolute;left:572.368px;top:170.9px;">154.37</div><div id="a110873" style="position:absolute;left:164.741px;top:188.8px;">110,336</div><div id="a110876" style="position:absolute;left:290.541px;top:188.8px;">5.2</div><div id="a110880" style="position:absolute;left:374.408px;top:188.8px;">143.51</div><div id="a110883" style="position:absolute;left:462.408px;top:188.8px;">17,446</div><div id="a110887" style="position:absolute;left:572.368px;top:188.8px;">136.32</div></div> 70.01 80.00 2133 P1Y 72.12 2133 72.12 80.01 90.00 1309 P1Y 87.30 1309 87.30 90.01 130.00 0 0 0 0 130.01 140.00 51732 P6Y 136.54 2617 134.60 140.01 150.00 0 0 0 0 150.01 160.00 55162 P4Y9M18D 154.14 11387 154.37 110336 P5Y2M12D 143.51 17446 136.32 P1Y10M24D <div id="TextBlockContainer869" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111094" style="position:absolute;font-weight:bold;font-style:normal;left:294.093px;top:0px;">2020 </div><div id="a111097" style="position:absolute;font-weight:bold;font-style:normal;left:396.2px;top:0px;">2019 </div><div id="a111100" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2018 </div><div id="a111103" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2017 </div><div id="a111107" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Number of stock options granted </div><div id="a111109" style="position:absolute;left:300.973px;top:17.3px;">49,115</div><div id="a111113" style="position:absolute;left:403.08px;top:17.3px;">51,610</div><div id="a111117" style="position:absolute;left:505px;top:17.3px;">35,842</div><div id="a111121" style="position:absolute;left:607.12px;top:17.3px;">42,477</div><div id="a111126" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Dividend yield </div><div id="a111128" style="position:absolute;left:314.253px;top:34.1px;">0.99</div><div id="a111130" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:34.1px;">% </div><div id="a111133" style="position:absolute;left:416.36px;top:34.1px;">1.12</div><div id="a111135" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:34.1px;">% </div><div id="a111138" style="position:absolute;left:518.28px;top:34.1px;">1.37</div><div id="a111140" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:34.1px;">% </div><div id="a111143" style="position:absolute;left:620.4px;top:34.1px;">1.49</div><div id="a111145" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:34.1px;">% </div><div id="a111149" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.1px;">Expected volatility </div><div id="a111151" style="position:absolute;left:307.533px;top:51.1px;">31.57</div><div id="a111153" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:51.1px;">% </div><div id="a111156" style="position:absolute;left:409.64px;top:51.1px;">26.29</div><div id="a111158" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:51.1px;">% </div><div id="a111161" style="position:absolute;left:511.56px;top:51.1px;">24.73</div><div id="a111163" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:51.1px;">% </div><div id="a111166" style="position:absolute;left:613.68px;top:51.1px;">25.52</div><div id="a111168" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:51.1px;">% </div><div id="a111172" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Risk-free interest rate </div><div id="a111176" style="position:absolute;left:314.253px;top:68px;">0.36</div><div id="a111178" style="position:absolute;font-weight:normal;font-style:normal;left:341.613px;top:68px;">% </div><div id="a111181" style="position:absolute;left:416.36px;top:68px;">1.52</div><div id="a111183" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:68px;">% </div><div id="a111186" style="position:absolute;left:518.28px;top:68px;">2.54</div><div id="a111188" style="position:absolute;font-weight:normal;font-style:normal;left:545.68px;top:68px;">% </div><div id="a111191" style="position:absolute;left:620.4px;top:68px;">1.67</div><div id="a111193" style="position:absolute;font-weight:normal;font-style:normal;left:647.6px;top:68px;">% </div><div id="a111197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Expected term (years) </div><div id="a111199" style="position:absolute;left:320.973px;top:85px;">4.0</div><div id="a111203" style="position:absolute;left:423.08px;top:85px;">4.0</div><div id="a111207" style="position:absolute;left:525px;top:85px;">4.0</div><div id="a111211" style="position:absolute;left:627.12px;top:85px;">4.0</div></div> 49115 51610 35842 42477 0.0099 0.0112 0.0137 0.0149 0.3157 0.2629 0.2473 0.2552 0.0036 0.0152 0.0254 0.0167 P4Y P4Y P4Y P4Y <div id="TextBlockContainer875" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111356" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:0px;">2020 </div><div id="a111360" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2019 </div><div id="a111364" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2018 </div><div id="a111368" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">2020 Stock option awards </div><div id="a111370" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17.8px;">$ </div><div id="a111372" style="position:absolute;left:434.6px;top:17.3px;">385</div><div id="a111375" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.8px;">$ </div><div id="a111377" style="position:absolute;left:543.28px;top:17.3px;">—</div><div id="a111380" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.8px;">$ </div><div id="a111382" style="position:absolute;left:645.36px;top:17.3px;">—</div><div id="a111386" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">2019 Stock option awards </div><div id="a111389" style="position:absolute;left:434.6px;top:33.9px;">698</div><div id="a111393" style="position:absolute;left:536.52px;top:33.9px;">665</div><div id="a111397" style="position:absolute;left:645.36px;top:33.9px;">—</div><div id="a111401" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">2018 Stock option awards </div><div id="a111404" style="position:absolute;left:434.6px;top:51px;">357</div><div id="a111408" style="position:absolute;left:536.52px;top:51px;">364</div><div id="a111412" style="position:absolute;left:638.64px;top:51px;">310</div><div id="a111416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">2017 Stock option awards </div><div id="a111419" style="position:absolute;left:441.32px;top:68px;">51</div><div id="a111423" style="position:absolute;left:536.52px;top:68px;">369</div><div id="a111427" style="position:absolute;left:638.64px;top:68px;">367</div></div> 385000 0 0 698000 665000 0 357000 364000 310000 51000 369000 367000 <div id="TextBlockContainer882" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:649px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_880_XBRL_TS_0a55d057e572422e96ddc6b573850b9a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer881" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:649px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111474" style="position:absolute;font-weight:bold;font-style:normal;left:377.64px;top:0px;">Number of </div><div id="a111477" style="position:absolute;font-weight:bold;font-style:normal;left:489.64px;top:0px;">Weighted Average<div style="display:inline-block;width:5.57px"> </div>Grant<div style="display:inline-block;width:3.45px"> </div></div><div id="a111482" style="position:absolute;font-weight:bold;font-style:normal;left:389.32px;top:17px;">Shares </div><div id="a111485" style="position:absolute;font-weight:bold;font-style:normal;left:483.08px;top:17px;">Date Fair Value<div style="display:inline-block;width:5.06px"> </div>(per share) </div><div id="a111489" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.3px;">Nonvested awards, December 31, 2019 </div><div id="a111491" style="position:absolute;left:412.04px;top:34.3px;">64,500</div><div id="a111494" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:34.3px;">$ </div><div id="a111496" style="position:absolute;left:549.2px;top:34.3px;">152.67</div><div id="a111496_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:34.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111500" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:51.1px;">Granted </div><div id="a111502" style="position:absolute;left:412.04px;top:51.1px;">28,244</div><div id="a111506" style="position:absolute;left:549.2px;top:51.1px;">145.63</div><div id="a111506_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:51.1px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111510" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68px;">Vested </div><div id="a111512" style="position:absolute;left:407.08px;top:68px;">(19,195)</div><div id="a111516" style="position:absolute;left:549.2px;top:68px;">148.15</div><div id="a111516_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:68px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111520" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:85px;">Forfeited </div><div id="a111522" style="position:absolute;left:413.8px;top:85px;">(1,781)</div><div id="a111526" style="position:absolute;left:549.2px;top:85px;">150.27</div><div id="a111526_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:85px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111530" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.9px;">Nonvested awards, December 31, 2020 </div><div id="a111532" style="position:absolute;left:412.04px;top:102.9px;">71,768</div><div id="a111535" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:102.9px;">$ </div><div id="a111537" style="position:absolute;left:549.2px;top:102.9px;">151.17</div></div></div></div> 64500 152.67 28244 145.63 19195 148.15 1781 150.27 71768 151.17 P1Y7M6D <div id="TextBlockContainer887" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:646px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111721" style="position:absolute;font-weight:bold;font-style:normal;left:377.64px;top:0px;">Number of </div><div id="a111724" style="position:absolute;font-weight:bold;font-style:normal;left:489.64px;top:0px;">Weighted Average<div style="display:inline-block;width:5.57px"> </div>Grant<div style="display:inline-block;width:3.45px"> </div></div><div id="a111729" style="position:absolute;font-weight:bold;font-style:normal;left:393.32px;top:17px;">Units </div><div id="a111732" style="position:absolute;font-weight:bold;font-style:normal;left:487.08px;top:17px;">Date Fair Value<div style="display:inline-block;width:5.06px"> </div>(per unit) </div><div id="a111736" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.3px;">Nonvested awards, December 31, 2019 </div><div id="a111738" style="position:absolute;left:418.6px;top:34.3px;">8,655</div><div id="a111741" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:34.3px;">$ </div><div id="a111743" style="position:absolute;left:549.2px;top:34.3px;">152.09</div><div id="a111743_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:34.3px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111747" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.9px;">Granted </div><div id="a111749" style="position:absolute;left:418.6px;top:50.9px;">6,030</div><div id="a111753" style="position:absolute;left:549.2px;top:50.9px;">141.65</div><div id="a111753_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:50.9px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111757" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:68px;">Vested </div><div id="a111759" style="position:absolute;left:413.8px;top:68px;">(1,791)</div><div id="a111763" style="position:absolute;left:549.2px;top:68px;">141.92</div><div id="a111763_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:68px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111767" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:85px;">Forfeited </div><div id="a111769" style="position:absolute;left:413.8px;top:85px;">(2,049)</div><div id="a111773" style="position:absolute;left:549.2px;top:85px;">153.50</div><div id="a111773_6_2" style="position:absolute;font-weight:normal;font-style:normal;left:586px;top:85px;"><div style="display:inline-block;width:3.2px"> </div></div><div id="a111777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.7px;">Nonvested awards, December 31, 2020 </div><div id="a111779" style="position:absolute;left:412.04px;top:102.7px;">10,845</div><div id="a111782" style="position:absolute;font-weight:normal;font-style:normal;left:464.52px;top:102.7px;">$ </div><div id="a111784" style="position:absolute;left:549.2px;top:102.7px;">147.70</div></div> 8655 152.09 6030 141.65 1791 141.92 2049 153.50 10845 147.70 P2Y 0 2 0.0028 P3Y 20000 2500000 P2Y2M12D 0.50 0.06 0.03 0.03 3100000 0.85 0.15 75000 4 0.75 0.25 1 1 100000 <div id="TextBlockContainer904" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:520px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114343" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 9 – Other Expense, net</div><div id="a114354" style="position:absolute;font-weight:normal;font-style:normal;left:163.653px;top:0px;"> </div><div id="a114355" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Other expense, net, for the years ended December 31, 2020,<div style="display:inline-block;width:4.56px"> </div>2019 and 2018 are as follows:</div></div><div id="TextBlockContainer907" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114389" style="position:absolute;font-weight:bold;font-style:normal;left:394.44px;top:0px;">2020 </div><div id="a114392" style="position:absolute;font-weight:bold;font-style:normal;left:496.36px;top:0px;">2019 </div><div id="a114395" style="position:absolute;font-weight:bold;font-style:normal;left:598.48px;top:0px;">2018 </div><div id="a114399" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Income from third party license fees </div><div id="a114401" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17px;">$ </div><div id="a114403" style="position:absolute;left:427.24px;top:17px;">999</div><div id="a114406" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17px;">$ </div><div id="a114408" style="position:absolute;left:519.08px;top:17px;">1,035</div><div id="a114411" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17px;">$ </div><div id="a114413" style="position:absolute;left:631.28px;top:17px;">862</div><div id="a114417" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Foreign exchange (losses) gains, net </div><div id="a114420" style="position:absolute;left:412.36px;top:34.1px;">(6,082)</div><div id="a114424" style="position:absolute;left:529.16px;top:34.1px;">223</div><div id="a114428" style="position:absolute;left:626.32px;top:34.1px;">(807)</div><div id="a114432" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">(Loss) gain on fixed asset disposals, net </div><div id="a114435" style="position:absolute;left:422.28px;top:51px;">(871)</div><div id="a114439" style="position:absolute;left:535.92px;top:51px;">58</div><div id="a114443" style="position:absolute;left:631.28px;top:51px;">657</div><div id="a114447" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Non-income<div style="display:inline-block;width:3.67px"> </div>tax refunds and other related credits </div><div id="a114453" style="position:absolute;left:417.16px;top:68px;">3,345</div><div id="a114457" style="position:absolute;left:519.08px;top:68px;">1,118</div><div id="a114461" style="position:absolute;left:631.28px;top:68px;">668</div><div id="a114465" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Pension and postretirement benefit costs, non-service components </div><div id="a114470" style="position:absolute;left:405.64px;top:85px;">(21,592)</div><div id="a114474" style="position:absolute;left:514.28px;top:85px;">(2,805)</div><div id="a114478" style="position:absolute;left:616.4px;top:85px;">(2,285)</div><div id="a114482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Gain on changes in insurance settlement restrictions of an<div style="display:inline-block;width:4.7px"> </div>inactive </div><div id="a114494" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;"><div style="display:inline-block;width:10.11px"> </div>subsidiary and related insurance insolvency recovery </div><div id="a114498" style="position:absolute;left:410.6px;top:119px;">18,144</div><div id="a114502" style="position:absolute;left:535.92px;top:119px;">60</div><div id="a114506" style="position:absolute;left:638px;top:119px;">90</div><div id="a114510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Other<div style="display:inline-block;width:3.56px"> </div>non-operating income, net </div><div id="a114516" style="position:absolute;left:427.24px;top:136px;">439</div><div id="a114520" style="position:absolute;left:535.92px;top:136px;">57</div><div id="a114524" style="position:absolute;left:631.28px;top:136px;">173</div><div id="a114528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">Total other<div style="display:inline-block;width:4.7px"> </div>expense, net </div><div id="a114530" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:154.1px;">$ </div><div id="a114532" style="position:absolute;left:412.36px;top:154.1px;">(5,618)</div><div id="a114535" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:154.1px;">$ </div><div id="a114537" style="position:absolute;left:524.2px;top:154.1px;">(254)</div><div id="a114540" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:154.1px;">$ </div><div id="a114542" style="position:absolute;left:626.32px;top:154.1px;">(642)</div></div><div id="TextBlockContainer910" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114545" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Pension and postretirement benefit costs, non-service components<div style="display:inline-block;width:4.86px"> </div>during the year ended December 31, 2020 include a<div style="display:inline-block;width:4.55px"> </div>$</div><div id="a114545_116_3" style="position:absolute;left:669.999px;top:0px;">1.6</div><div id="a114545_119_1" style="position:absolute;font-weight:normal;font-style:normal;left:686.639px;top:0px;"> </div><div id="a114581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">million refund in premium and a $</div><div id="a114581_33_4" style="position:absolute;left:188.293px;top:15.4px;">22.7</div><div id="a114581_37_87" style="position:absolute;font-weight:normal;font-style:normal;left:211.653px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million non-cash settlement charge related to the<div style="display:inline-block;width:4.64px"> </div>Legacy Quaker U.S. Pension Plan, as </div><div id="a114623" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">described in Note 21 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:8.25px"> </div>Gain on changes in insurance restrictions of an inactive </div><div id="a114662" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">subsidiary and related insurance insolvency recovery relate<div style="display:inline-block;width:4.79px"> </div>to the termination of restrictions over certain cash that was previously </div><div id="a114699" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">designated solely to be used for settlement of asbestos<div style="display:inline-block;width:4.72px"> </div>claims at an inactive subsidiary of the Company and<div style="display:inline-block;width:4.72px"> </div>cash proceeds from an </div><div id="a114743" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">insolvent insurance carrier with respect to previously<div style="display:inline-block;width:4.57px"> </div>filed recovery claims.<div style="display:inline-block;width:7.34px"> </div>See Note 12, Note 19 and Note 26 of Notes to </div><div id="a114786" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">Consolidated Financial Statements.<div style="display:inline-block;width:7.49px"> </div>Foreign exchange (losses) gains, net, during the years<div style="display:inline-block;width:4.59px"> </div>ended December 31, 2020,<div style="display:inline-block;width:4.05px"> </div>2019 and 2018, </div><div id="a114828" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">include foreign currency transaction losses of approximately<div style="display:inline-block;width:4.75px"> </div>$</div><div id="a114828_62_3" style="position:absolute;left:337.453px;top:107.4px;">0.4</div><div id="a114828_65_11" style="position:absolute;font-weight:normal;font-style:normal;left:354.253px;top:107.4px;"><div style="display:inline-block;width:3.2px"> </div>million, $</div><div id="a114828_76_3" style="position:absolute;left:409.319px;top:107.4px;">1.0</div><div id="a114828_79_14" style="position:absolute;font-weight:normal;font-style:normal;left:426.119px;top:107.4px;"><div style="display:inline-block;width:3.2px"> </div>million and $</div><div id="a114828_93_3" style="position:absolute;left:500.519px;top:107.4px;">0.4</div><div id="a114828_96_35" style="position:absolute;font-weight:normal;font-style:normal;left:517.319px;top:107.4px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively,<div style="display:inline-block;width:4.74px"> </div>related to </div><div id="a114867" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">hyper-inflationary accounting for the Company’s<div style="display:inline-block;width:5.31px"> </div>Argentine subsidiaries, and specific to 2018,<div style="display:inline-block;width:4.83px"> </div>a foreign currency transaction gain of </div><div id="a114905" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">approximately $</div><div id="a114905_15_3" style="position:absolute;left:91.659px;top:138.1px;">0.4</div><div id="a114905_18_112" style="position:absolute;font-weight:normal;font-style:normal;left:108.293px;top:138.1px;"><div style="display:inline-block;width:3.36px"> </div>million related to the liquidation of an inactive legal entity.<div style="display:inline-block;width:8.74px"> </div>See Note 1 of Notes to Consolidated Financial </div><div id="a114945" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.4px;">Statements.<div style="display:inline-block;width:6.92px"> </div>(Loss) gain on fixed asset disposals, net, during the year<div style="display:inline-block;width:4.87px"> </div>ended December 31, 2020 and 2018, included $</div><div id="a114945_116_3" style="position:absolute;left:631.279px;top:153.4px;">0.6</div><div id="a114945_119_14" style="position:absolute;font-weight:normal;font-style:normal;left:648.079px;top:153.4px;"><div style="display:inline-block;width:3.2px"> </div>million loss </div><div id="a114993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168.8px;">and a $</div><div id="a114993_7_3" style="position:absolute;left:42.987px;top:168.8px;">0.6</div><div id="a114993_10_92" style="position:absolute;font-weight:normal;font-style:normal;left:59.819px;top:168.8px;"><div style="display:inline-block;width:3.2px"> </div>million gain, respectively,<div style="display:inline-block;width:4.75px"> </div>on the sale of held-for-sale assets related to the Combination.</div></div> <div id="TextBlockContainer908" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_906_XBRL_TS_ec4bb70b6f284618bfe12f8fbe373e20" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer907" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114389" style="position:absolute;font-weight:bold;font-style:normal;left:394.44px;top:0px;">2020 </div><div id="a114392" style="position:absolute;font-weight:bold;font-style:normal;left:496.36px;top:0px;">2019 </div><div id="a114395" style="position:absolute;font-weight:bold;font-style:normal;left:598.48px;top:0px;">2018 </div><div id="a114399" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Income from third party license fees </div><div id="a114401" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:17px;">$ </div><div id="a114403" style="position:absolute;left:427.24px;top:17px;">999</div><div id="a114406" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17px;">$ </div><div id="a114408" style="position:absolute;left:519.08px;top:17px;">1,035</div><div id="a114411" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17px;">$ </div><div id="a114413" style="position:absolute;left:631.28px;top:17px;">862</div><div id="a114417" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Foreign exchange (losses) gains, net </div><div id="a114420" style="position:absolute;left:412.36px;top:34.1px;">(6,082)</div><div id="a114424" style="position:absolute;left:529.16px;top:34.1px;">223</div><div id="a114428" style="position:absolute;left:626.32px;top:34.1px;">(807)</div><div id="a114432" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">(Loss) gain on fixed asset disposals, net </div><div id="a114435" style="position:absolute;left:422.28px;top:51px;">(871)</div><div id="a114439" style="position:absolute;left:535.92px;top:51px;">58</div><div id="a114443" style="position:absolute;left:631.28px;top:51px;">657</div><div id="a114447" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Non-income<div style="display:inline-block;width:3.67px"> </div>tax refunds and other related credits </div><div id="a114453" style="position:absolute;left:417.16px;top:68px;">3,345</div><div id="a114457" style="position:absolute;left:519.08px;top:68px;">1,118</div><div id="a114461" style="position:absolute;left:631.28px;top:68px;">668</div><div id="a114465" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Pension and postretirement benefit costs, non-service components </div><div id="a114470" style="position:absolute;left:405.64px;top:85px;">(21,592)</div><div id="a114474" style="position:absolute;left:514.28px;top:85px;">(2,805)</div><div id="a114478" style="position:absolute;left:616.4px;top:85px;">(2,285)</div><div id="a114482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Gain on changes in insurance settlement restrictions of an<div style="display:inline-block;width:4.7px"> </div>inactive </div><div id="a114494" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;"><div style="display:inline-block;width:10.11px"> </div>subsidiary and related insurance insolvency recovery </div><div id="a114498" style="position:absolute;left:410.6px;top:119px;">18,144</div><div id="a114502" style="position:absolute;left:535.92px;top:119px;">60</div><div id="a114506" style="position:absolute;left:638px;top:119px;">90</div><div id="a114510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Other<div style="display:inline-block;width:3.56px"> </div>non-operating income, net </div><div id="a114516" style="position:absolute;left:427.24px;top:136px;">439</div><div id="a114520" style="position:absolute;left:535.92px;top:136px;">57</div><div id="a114524" style="position:absolute;left:631.28px;top:136px;">173</div><div id="a114528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">Total other<div style="display:inline-block;width:4.7px"> </div>expense, net </div><div id="a114530" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:154.1px;">$ </div><div id="a114532" style="position:absolute;left:412.36px;top:154.1px;">(5,618)</div><div id="a114535" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:154.1px;">$ </div><div id="a114537" style="position:absolute;left:524.2px;top:154.1px;">(254)</div><div id="a114540" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:154.1px;">$ </div><div id="a114542" style="position:absolute;left:626.32px;top:154.1px;">(642)</div></div></div></div> 999000 1035000 862000 -6082000 223000 -807000 -871000 58000 657000 3345000 1118000 668000 -21592000 -2805000 -2285000 18144000 60000 90000 439000 57000 173000 -5618000 -254000 -642000 1600000 22700000 400000 1000000.0 400000 400000 -600000 600000 <div id="TextBlockContainer912" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:208px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115032" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 10 – Taxes<div style="display:inline-block;width:5.06px"> </div>on Income</div><div id="a115043" style="position:absolute;font-weight:bold;font-style:normal;color:#FF0000;left:157.413px;top:0px;"> </div><div id="a115044" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">On December 22, 2017, the U.S. government enacted<div style="display:inline-block;width:4.7px"> </div>comprehensive tax legislation commonly referred to as U.S. Tax<div style="display:inline-block;width:5.71px"> </div>Reform.<div style="display:inline-block;width:3.31px"> </div></div><div id="a115080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">U.S. Tax Reform<div style="display:inline-block;width:4.85px"> </div>implemented a new system of taxation for non-U.S. earnings which<div style="display:inline-block;width:4.74px"> </div>eliminated U.S. federal income taxes on </div><div id="a115120" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">dividends from certain foreign subsidiaries and imposed<div style="display:inline-block;width:4.86px"> </div>a one-time transition tax on the deemed repatriation of undistributed<div style="display:inline-block;width:4.76px"> </div>earnings </div><div id="a115158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.5px;">of certain foreign subsidiaries that is payable over eight<div style="display:inline-block;width:4.73px"> </div>years.<div style="display:inline-block;width:3.38px"> </div></div><div id="a115180" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.7px;">Following numerous regulations, notices, and other formal<div style="display:inline-block;width:4.69px"> </div>guidance published by the Internal Revenue Service (“I.R.S.”),<div style="display:inline-block;width:4.8px"> </div>U.S. </div><div id="a115212" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108px;">Department of Treasury,<div style="display:inline-block;width:5.34px"> </div>and various state taxing authorities, the Company has completed<div style="display:inline-block;width:4.65px"> </div>its accounting for the transition tax and has </div><div id="a115253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">elected to pay its $</div><div id="a115253_20_4" style="position:absolute;left:104.613px;top:123.4px;">15.5</div><div id="a115253_24_109" style="position:absolute;font-weight:normal;font-style:normal;left:127.973px;top:123.4px;"><div style="display:inline-block;width:3.2px"> </div>million transition tax in installments over eight years as permitted<div style="display:inline-block;width:4.72px"> </div>under U.S. Tax<div style="display:inline-block;width:4.79px"> </div>Reform.<div style="display:inline-block;width:6.83px"> </div>As of December </div><div id="a115297" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.7px;">31, 2020, $</div><div id="a115297_11_3" style="position:absolute;left:64.619px;top:138.7px;">7.0</div><div id="a115297_14_60" style="position:absolute;font-weight:normal;font-style:normal;left:81.259px;top:138.7px;"><div style="display:inline-block;width:3.36px"> </div>million in installments have been paid with the remaining<div style="display:inline-block;width:4.67px"> </div>$</div><div id="a115297_74_3" style="position:absolute;left:402.119px;top:138.7px;">8.5</div><div id="a115297_77_58" style="position:absolute;font-weight:normal;font-style:normal;left:418.759px;top:138.7px;"><div style="display:inline-block;width:3.36px"> </div>million to be paid through installments in future years. </div><div id="a115346" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:162.1px;">As of December 31, 2020, the Company has a deferred<div style="display:inline-block;width:4.75px"> </div>tax liability of $</div><div id="a115346_70_3" style="position:absolute;left:411.08px;top:162.1px;">5.9</div><div id="a115346_73_52" style="position:absolute;font-weight:normal;font-style:normal;left:427.88px;top:162.1px;"><div style="display:inline-block;width:3.36px"> </div>million on certain undistributed foreign earnings, </div><div id="a115387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.3px;">which primarily represents the Company’s<div style="display:inline-block;width:5.24px"> </div>estimate of the non-U.S. income taxes the Company will incur<div style="display:inline-block;width:4.83px"> </div>to ultimately remit certain </div><div id="a115427" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192.7px;">earnings to the U.S.<div style="display:inline-block;width:7.23px"> </div>The Company’s reinvestment<div style="display:inline-block;width:4.78px"> </div>assertions are further explained below.</div></div><div id="TextBlockContainer914" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115503" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Taxes on income<div style="display:inline-block;width:4.8px"> </div>before equity in net income of associated companies for the<div style="display:inline-block;width:4.75px"> </div>years ended December 31, 2020, 2019 and 2018 are </div><div id="a115547" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">as follows:</div></div><div id="TextBlockContainer918" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_916_XBRL_CS_ef8dd410891649d5bf58ae9fb115bf51" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer917" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115556" style="position:absolute;font-weight:bold;font-style:normal;left:262.067px;top:0px;">2020 </div><div id="a115560" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2019 </div><div id="a115564" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2018 </div><div id="a115568" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Current: </div><div id="a115581" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:34.1px;">Federal </div><div id="a115583" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:34.9px;">$ </div><div id="a115585" style="position:absolute;left:275.667px;top:34.1px;">(1,359)</div><div id="a115588" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:34.9px;">$ </div><div id="a115590" style="position:absolute;left:387.693px;top:34.1px;">(239)</div><div id="a115593" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:34.9px;">$ </div><div id="a115595" style="position:absolute;left:484.533px;top:34.1px;">6,583</div><div id="a115600" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:51px;">State </div><div id="a115603" style="position:absolute;left:280.467px;top:51px;">1,171</div><div id="a115607" style="position:absolute;left:392.653px;top:51px;">352</div><div id="a115611" style="position:absolute;left:479.733px;top:51px;">(1,844)</div><div id="a115616" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:68px;">Foreign </div><div id="a115619" style="position:absolute;left:273.907px;top:68px;">33,173</div><div id="a115623" style="position:absolute;left:376.013px;top:68px;">26,213</div><div id="a115627" style="position:absolute;left:477.973px;top:68px;">12,114</div><div id="a115634" style="position:absolute;left:273.907px;top:85.4px;">32,985</div><div id="a115638" style="position:absolute;left:376.013px;top:85.4px;">26,326</div><div id="a115642" style="position:absolute;left:477.973px;top:85.4px;">16,853</div><div id="a115646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Deferred: </div><div id="a115659" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:119px;">Federal </div><div id="a115662" style="position:absolute;left:268.947px;top:119px;">(28,437)</div><div id="a115666" style="position:absolute;left:377.773px;top:119px;">(9,267)</div><div id="a115670" style="position:absolute;left:484.533px;top:119px;">7,859</div><div id="a115675" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:136px;">State </div><div id="a115678" style="position:absolute;left:275.667px;top:136px;">(3,087)</div><div id="a115682" style="position:absolute;left:387.693px;top:136px;">(396)</div><div id="a115686" style="position:absolute;left:489.653px;top:136px;">(173)</div><div id="a115691" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:153.1px;">Foreign </div><div id="a115694" style="position:absolute;left:275.667px;top:153.1px;">(6,757)</div><div id="a115698" style="position:absolute;left:371.053px;top:153.1px;">(14,579)</div><div id="a115702" style="position:absolute;left:494.613px;top:153.1px;">511</div><div id="a115706" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.9px;">Total </div><div id="a115708" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:171.8px;">$ </div><div id="a115710" style="position:absolute;left:275.667px;top:170.9px;">(5,296)</div><div id="a115713" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:171.8px;">$ </div><div id="a115715" style="position:absolute;left:382.573px;top:170.9px;">2,084</div><div id="a115718" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:171.8px;">$ </div><div id="a115720" style="position:absolute;left:477.973px;top:170.9px;">25,050</div></div></div></div><div id="TextBlockContainer920" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:656px;height:16px;display:inline-block;"><div id="a115723" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The components of earnings before income taxes for the<div style="display:inline-block;width:4.8px"> </div>years ended December 31, 2020, 2019 and 2018 are as follows:</div></div><div id="TextBlockContainer924" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:523px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_922_XBRL_CS_8123a49e09d94d52a4132c6c0932532e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer923" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:523px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115767" style="position:absolute;font-weight:bold;font-style:normal;left:262.067px;top:0px;">2020 </div><div id="a115771" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2019 </div><div id="a115775" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2018 </div><div id="a115779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">U.S. </div><div id="a115781" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:17.8px;">$ </div><div id="a115783" style="position:absolute;left:268.947px;top:17.3px;">(66,585)</div><div id="a115786" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.8px;">$ </div><div id="a115788" style="position:absolute;left:371.053px;top:17.3px;">(46,697)</div><div id="a115791" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.8px;">$ </div><div id="a115793" style="position:absolute;left:477.973px;top:17.3px;">27,387</div><div id="a115797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Foreign </div><div id="a115800" style="position:absolute;left:273.907px;top:33.9px;">93,724</div><div id="a115804" style="position:absolute;left:376.013px;top:33.9px;">75,601</div><div id="a115808" style="position:absolute;left:477.973px;top:33.9px;">55,711</div><div id="a115812" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Total </div><div id="a115814" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:52.8px;">$ </div><div id="a115816" style="position:absolute;left:273.907px;top:51.8px;">27,139</div><div id="a115819" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52.8px;">$ </div><div id="a115821" style="position:absolute;left:376.013px;top:51.8px;">28,904</div><div id="a115824" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52.8px;">$ </div><div id="a115826" style="position:absolute;left:477.973px;top:51.8px;">83,098</div></div></div></div><div id="TextBlockContainer926" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:579px;height:16px;display:inline-block;"><div id="a115829" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Total deferred<div style="display:inline-block;width:4.74px"> </div>tax assets and liabilities are composed of the following<div style="display:inline-block;width:4.72px"> </div>as of December 31, 2020 and 2019:</div></div><div id="TextBlockContainer930" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_928_XBRL_CS_fc0158838b65428c94043f1280928197" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer929" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115869" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2020 </div><div id="a115873" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2019 </div><div id="a115877" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Retirement benefits </div><div id="a115879" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.9px;">$ </div><div id="a115881" style="position:absolute;left:376.013px;top:17.4px;">15,237</div><div id="a115884" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.9px;">$ </div><div id="a115886" style="position:absolute;left:477.973px;top:17.4px;">15,142</div><div id="a115890" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Allowance for doubtful accounts </div><div id="a115893" style="position:absolute;left:382.573px;top:34.1px;">2,316</div><div id="a115897" style="position:absolute;left:484.533px;top:34.1px;">2,253</div><div id="a115901" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.5px;">Insurance and litigation reserves </div><div id="a115904" style="position:absolute;left:392.653px;top:51.5px;">842</div><div id="a115908" style="position:absolute;left:484.533px;top:51.5px;">1,002</div><div id="a115912" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.6px;">Performance incentives </div><div id="a115915" style="position:absolute;left:382.573px;top:69.6px;">5,914</div><div id="a115919" style="position:absolute;left:484.533px;top:69.6px;">7,213</div><div id="a115923" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:87.5px;">Equity-based compensation </div><div id="a115928" style="position:absolute;left:382.573px;top:87.5px;">1,282</div><div id="a115932" style="position:absolute;left:484.533px;top:87.5px;">1,050</div><div id="a115936" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">Prepaid expense </div><div id="a115940" style="position:absolute;left:392.653px;top:105.6px;">756</div><div id="a115944" style="position:absolute;left:484.533px;top:105.6px;">2,976</div><div id="a115948" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.5px;">Insurance settlement </div><div id="a115951" style="position:absolute;left:399.373px;top:123.5px;">—</div><div id="a115955" style="position:absolute;left:484.533px;top:123.5px;">3,895</div><div id="a115959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Operating loss carryforward </div><div id="a115962" style="position:absolute;left:376.013px;top:141.6px;">16,693</div><div id="a115966" style="position:absolute;left:477.973px;top:141.6px;">16,044</div><div id="a115970" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:159.5px;">Foreign tax credit and other credits </div><div id="a115973" style="position:absolute;left:376.013px;top:159.5px;">24,873</div><div id="a115977" style="position:absolute;left:477.973px;top:159.5px;">34,384</div><div id="a115981" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.6px;">Interest </div><div id="a115984" style="position:absolute;left:376.013px;top:177.6px;">16,812</div><div id="a115988" style="position:absolute;left:477.973px;top:177.6px;">11,479</div><div id="a115992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:195.5px;">Restructuring reserves </div><div id="a115995" style="position:absolute;left:382.573px;top:195.5px;">1,121</div><div id="a115999" style="position:absolute;left:484.533px;top:195.5px;">2,167</div><div id="a116003" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:213.6px;">Right of use lease assets </div><div id="a116007" style="position:absolute;left:382.573px;top:213.6px;">9,346</div><div id="a116011" style="position:absolute;left:477.973px;top:213.6px;">10,015</div><div id="a116015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:231.5px;">Royalties and license fees </div><div id="a116018" style="position:absolute;left:399.373px;top:231.5px;">—</div><div id="a116022" style="position:absolute;left:484.533px;top:231.5px;">2,156</div><div id="a116026" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:249.6px;">Inventory reserves </div><div id="a116029" style="position:absolute;left:382.573px;top:249.6px;">2,225</div><div id="a116033" style="position:absolute;left:484.533px;top:249.6px;">2,163</div><div id="a116037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:267.5px;">Research and development </div><div id="a116040" style="position:absolute;left:382.573px;top:267.5px;">7,974</div><div id="a116044" style="position:absolute;left:484.533px;top:267.5px;">2,580</div><div id="a116048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:285.6px;">Other </div><div id="a116051" style="position:absolute;left:382.573px;top:285.6px;">3,005</div><div id="a116055" style="position:absolute;left:484.533px;top:285.6px;">1,317</div><div id="a116061" style="position:absolute;left:369.293px;top:303.9px;">108,396</div><div id="a116065" style="position:absolute;left:471.253px;top:303.9px;">115,836</div><div id="a116069" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:321.6px;">Valuation<div style="display:inline-block;width:5.1px"> </div>allowance </div><div id="a116072" style="position:absolute;left:371.053px;top:321.6px;">(21,511)</div><div id="a116076" style="position:absolute;left:473.013px;top:321.6px;">(13,834)</div><div id="a116080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:340.4px;">Total deferred<div style="display:inline-block;width:4.71px"> </div>tax assets, net </div><div id="a116082" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:342px;">$ </div><div id="a116084" style="position:absolute;left:376.013px;top:340.4px;">86,885</div><div id="a116087" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:342px;">$ </div><div id="a116089" style="position:absolute;left:471.253px;top:340.4px;">102,002</div><div id="a116093" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:360.7px;">Depreciation </div><div id="a116096" style="position:absolute;left:376.013px;top:360.7px;">15,473</div><div id="a116100" style="position:absolute;left:477.973px;top:360.7px;">17,754</div><div id="a116104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:377.7px;">Foreign pension and other </div><div id="a116108" style="position:absolute;left:382.573px;top:377.7px;">1,807</div><div id="a116112" style="position:absolute;left:484.533px;top:377.7px;">1,269</div><div id="a116116" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:395.6px;">Amortization and other </div><div id="a116119" style="position:absolute;left:369.293px;top:395.6px;">222,794</div><div id="a116123" style="position:absolute;left:471.253px;top:395.6px;">254,359</div><div id="a116127" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:413.7px;">Lease liabilities </div><div id="a116130" style="position:absolute;left:382.573px;top:413.7px;">9,151</div><div id="a116134" style="position:absolute;left:484.533px;top:413.7px;">9,965</div><div id="a116138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:431.6px;">Outside basis in equity investment </div><div id="a116141" style="position:absolute;left:382.573px;top:431.6px;">7,938</div><div id="a116145" style="position:absolute;left:484.533px;top:431.6px;">6,776</div><div id="a116149" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:449.7px;">Unremitted Earnings </div><div id="a116152" style="position:absolute;left:382.573px;top:449.7px;">5,919</div><div id="a116156" style="position:absolute;left:484.533px;top:449.7px;">8,228</div><div id="a116160" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:468.4px;">Total deferred<div style="display:inline-block;width:4.71px"> </div>tax liabilities </div><div id="a116162" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:470px;">$ </div><div id="a116164" style="position:absolute;left:369.293px;top:468.4px;">263,082</div><div id="a116167" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:470px;">$ </div><div id="a116169" style="position:absolute;left:471.253px;top:468.4px;">298,351</div></div></div></div><div id="TextBlockContainer932" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:493px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a116221" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company has $</div><div id="a116221_17_4" style="position:absolute;left:135.653px;top:0px;">11.3</div><div id="a116221_21_106" style="position:absolute;font-weight:normal;font-style:normal;left:159.013px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>million of deferred tax assets related to state net operating<div style="display:inline-block;width:4.8px"> </div>losses.<div style="display:inline-block;width:6.71px"> </div>A partial valuation allowance of $</div><div id="a116221_127_3" style="position:absolute;left:698.479px;top:0px;">8.0</div><div id="a116221_130_1" style="position:absolute;font-weight:normal;font-style:normal;left:715.279px;top:0px;"> </div><div id="a116265" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">million has been established against this amount resulting<div style="display:inline-block;width:4.77px"> </div>in a net $</div><div id="a116265_69_3" style="position:absolute;left:364.973px;top:15.4px;">3.3</div><div id="a116265_72_59" style="position:absolute;font-weight:normal;font-style:normal;left:381.613px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million expected future benefit.<div style="display:inline-block;width:7.33px"> </div>Management analyzed the </div><div id="a116307" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">expected impact of the reversal of existing taxable temporary<div style="display:inline-block;width:4.76px"> </div>differences, considered expiration dates, analyzed<div style="display:inline-block;width:4.85px"> </div>current state tax laws, </div><div id="a116344" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">and determined that $</div><div id="a116344_21_3" style="position:absolute;left:120.453px;top:46.1px;">3.3</div><div id="a116344_24_106" style="position:absolute;font-weight:normal;font-style:normal;left:137.093px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>million of state net operating loss carryforwards will be<div style="display:inline-block;width:4.71px"> </div>realized based on the reversal of deferred tax </div><div id="a116388" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">liabilities.<div style="display:inline-block;width:6.81px"> </div>These state net operating losses are subject to various<div style="display:inline-block;width:4.72px"> </div>carryforward periods of </div><div id="a116388_94_1" style="position:absolute;left:482.76px;top:61.3px;">5</div><div id="a116388_95_10" style="position:absolute;font-weight:normal;font-style:normal;left:489.32px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>years to </div><div id="a116388_105_2" style="position:absolute;left:537.96px;top:61.3px;">20</div><div id="a116388_107_24" style="position:absolute;font-weight:normal;font-style:normal;left:551.24px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>years or an indefinite </div><div id="a116430" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">carryforward period.<div style="display:inline-block;width:7.28px"> </div>An additional $</div><div id="a116430_37_3" style="position:absolute;left:204.613px;top:76.6px;">1.0</div><div id="a116430_40_89" style="position:absolute;font-weight:normal;font-style:normal;left:221.293px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>million of valuation allowance was established for other net<div style="display:inline-block;width:4.7px"> </div>state deferred tax assets. </div><div id="a116467" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:100px;">The Company has $</div><div id="a116467_17_3" style="position:absolute;left:135.653px;top:100px;">5.4</div><div id="a116467_20_106" style="position:absolute;font-weight:normal;font-style:normal;left:152.293px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million of deferred tax assets related to foreign net operating<div style="display:inline-block;width:4.7px"> </div>loss carryforwards.<div style="display:inline-block;width:7.22px"> </div>A partial valuation </div><div id="a116509" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">allowance of $</div><div id="a116509_14_3" style="position:absolute;left:83.019px;top:115.4px;">1.7</div><div id="a116509_17_43" style="position:absolute;font-weight:normal;font-style:normal;left:99.813px;top:115.4px;"><div style="display:inline-block;width:3.2px"> </div>million has been established against the $</div><div id="a116509_60_3" style="position:absolute;left:324.493px;top:115.4px;">5.4</div><div id="a116509_63_72" style="position:absolute;font-weight:normal;font-style:normal;left:341.293px;top:115.4px;"><div style="display:inline-block;width:3.36px"> </div>million due to the expected expiration of these losses before<div style="display:inline-block;width:4.75px"> </div>they are </div><div id="a116553" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">able to be utilized.<div style="display:inline-block;width:7.22px"> </div>These foreign net operating losses are subject to various carryforward<div style="display:inline-block;width:4.67px"> </div>periods with the majority having an </div><div id="a116593" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">indefinite carryforward period.<div style="display:inline-block;width:7.47px"> </div>An additional partial valuation allowance of $</div><div id="a116593_79_3" style="position:absolute;left:421.16px;top:146.1px;">0.6</div><div id="a116593_82_52" style="position:absolute;font-weight:normal;font-style:normal;left:437.96px;top:146.1px;"><div style="display:inline-block;width:3.36px"> </div>million has been established against certain other </div><div id="a116627" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.4px;">foreign deferred tax assets. </div><div id="a116635" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:184.6px;">In conjunction with the Combination, the Company<div style="display:inline-block;width:4.74px"> </div>acquired foreign tax credit deferred tax assets of $</div><div id="a116635_101_4" style="position:absolute;left:574.32px;top:184.6px;">41.8</div><div id="a116635_105_18" style="position:absolute;font-weight:normal;font-style:normal;left:597.84px;top:184.6px;"><div style="display:inline-block;width:3.36px"> </div>million expiring </div><div id="a116672" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">between 2019 and 2028.<div style="display:inline-block;width:7.33px"> </div>Foreign tax credits may be carried forward for </div><div id="a116672_71_2" style="position:absolute;left:391.853px;top:200px;">10</div><div id="a116672_73_57" style="position:absolute;font-weight:normal;font-style:normal;left:405.32px;top:200px;"><div style="display:inline-block;width:3.2px"> </div>years.<div style="display:inline-block;width:6.9px"> </div>As of December 31, 2019, the foreign tax credit </div><div id="a116720" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">carry forward was $</div><div id="a116720_19_4" style="position:absolute;left:111.493px;top:215.4px;">33.7</div><div id="a116720_23_18" style="position:absolute;font-weight:normal;font-style:normal;left:134.853px;top:215.4px;"><div style="display:inline-block;width:3.36px"> </div>million with an $</div><div id="a116720_41_3" style="position:absolute;left:229.773px;top:215.4px;">8.2</div><div id="a116720_44_82" style="position:absolute;font-weight:normal;font-style:normal;left:246.413px;top:215.4px;"><div style="display:inline-block;width:3.36px"> </div>million valuation allowance recorded against the deferred<div style="display:inline-block;width:4.7px"> </div>tax asset.<div style="display:inline-block;width:6.88px"> </div>Management </div><div id="a116757" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">analyzed the expected impact of the utilization of foreign<div style="display:inline-block;width:4.71px"> </div>tax credits based on certain assumptions such as projected<div style="display:inline-block;width:4.73px"> </div>U.S. taxable </div><div id="a116797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">income, overall domestic loss recapture, and annual limitations due<div style="display:inline-block;width:4.91px"> </div>to the ownership change under the Internal Revenue </div><div id="a116832" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">Code.<div style="display:inline-block;width:6.92px"> </div>Consequently, as of<div style="display:inline-block;width:4.7px"> </div>December 31, 2020, the foreign tax credit carry forward<div style="display:inline-block;width:4.7px"> </div>was $</div><div id="a116832_88_4" style="position:absolute;left:484.839px;top:261.3px;">24.9</div><div id="a116832_92_17" style="position:absolute;font-weight:normal;font-style:normal;left:508.199px;top:261.3px;"><div style="display:inline-block;width:3.36px"> </div>million with a $</div><div id="a116832_109_4" style="position:absolute;left:596.399px;top:261.3px;">10.2</div><div id="a116832_113_19" style="position:absolute;font-weight:normal;font-style:normal;left:619.759px;top:261.3px;"><div style="display:inline-block;width:3.36px"> </div>million valuation </div><div id="a116879" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">allowance reflecting the amount of credits that are not<div style="display:inline-block;width:4.87px"> </div>expected to be utilized before expiration.<div style="display:inline-block;width:7.28px"> </div></div><div id="a116912" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:300px;">The Company also acquired disallowed interest deferred<div style="display:inline-block;width:4.86px"> </div>tax assets of $</div><div id="a116912_70_4" style="position:absolute;left:408.36px;top:300px;">14.0</div><div id="a116912_74_49" style="position:absolute;font-weight:normal;font-style:normal;left:431.88px;top:300px;"><div style="display:inline-block;width:3.36px"> </div>million as part of the Combination.<div style="display:inline-block;width:7.49px"> </div>Disallowed </div><div id="a116951" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">interest may be carried forward indefinitely.<div style="display:inline-block;width:8.66px"> </div>Management analyzed the expected impact of the utilization<div style="display:inline-block;width:4.75px"> </div>of disallowed interest </div><div id="a116986" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.8px;">carryforwards based on projected US taxable income<div style="display:inline-block;width:4.75px"> </div>and determined that the Company will utilize all expected future<div style="display:inline-block;width:4.84px"> </div>benefits by </div><div id="a117024" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346px;">2022.<div style="display:inline-block;width:6.95px"> </div>As of December 31, 2020, the Company had a net realizable disallowed<div style="display:inline-block;width:4.78px"> </div>interest carryforward of $</div><div id="a117024_102_4" style="position:absolute;left:564.359px;top:346px;">15.7</div><div id="a117024_106_24" style="position:absolute;font-weight:normal;font-style:normal;left:587.759px;top:346px;"><div style="display:inline-block;width:3.36px"> </div>million on its balance </div><div id="a117071" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:361.3px;">sheet. </div><div id="a117073" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:384.7px;">As of December 31, 2020, the Company had deferred tax<div style="display:inline-block;width:4.79px"> </div>liabilities of $</div><div id="a117073_70_5" style="position:absolute;left:411.399px;top:384.7px;">222.8</div><div id="a117073_75_45" style="position:absolute;font-weight:normal;font-style:normal;left:441.479px;top:384.7px;"><div style="display:inline-block;width:3.36px"> </div>million primarily related to the step-up in </div><div id="a117117" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:400px;">intangibles resulting from the Combination and Norman<div style="display:inline-block;width:4.84px"> </div>Hay acquisition.<div style="display:inline-block;width:6.91px"> </div></div><div id="a117136" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:423.4px;">As part of the Combination, the Company acquired a </div><div id="a117136_51_2" style="position:absolute;left:314.413px;top:423.4px;">50</div><div id="a117136_53_67" style="position:absolute;font-weight:normal;font-style:normal;left:327.853px;top:423.4px;">% interest in the Korea Houghton Corporation joint venture and<div style="display:inline-block;width:4.56px"> </div>has </div><div id="a117176" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:438.8px;">recorded a $</div><div id="a117176_12_3" style="position:absolute;left:70.379px;top:438.8px;">7.9</div><div id="a117176_15_66" style="position:absolute;font-weight:normal;font-style:normal;left:87.178px;top:438.8px;"><div style="display:inline-block;width:3.35px"> </div>million deferred tax liability for its outside basis difference. </div><div id="a117203" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:462px;">The following are the changes in the Company’s<div style="display:inline-block;width:5.32px"> </div>deferred tax asset valuation allowance for the years ended<div style="display:inline-block;width:4.72px"> </div>December 31, 2020, </div><div id="a117244" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:477.3px;">2019 and 2018:</div></div><div id="TextBlockContainer936" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_934_XBRL_CS_b36eb8a9356a4d44b0c2bd35c35d9446" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer935" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117260" style="position:absolute;font-weight:bold;font-style:normal;left:573.68px;top:0px;">Effect of<div style="display:inline-block;width:3.54px"> </div></div><div id="a117266" style="position:absolute;font-weight:bold;font-style:normal;left:220.173px;top:17.1px;">Balance at </div><div id="a117269" style="position:absolute;font-weight:bold;font-style:normal;left:310.733px;top:17.1px;">Purchase </div><div id="a117272" style="position:absolute;font-weight:bold;font-style:normal;left:393.64px;top:17.1px;">Additional </div><div id="a117275" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:17.1px;">Allowance </div><div id="a117278" style="position:absolute;font-weight:bold;font-style:normal;left:570.32px;top:17.1px;">Exchange </div><div id="a117281" style="position:absolute;font-weight:bold;font-style:normal;left:662.48px;top:17.1px;">Balance<div style="display:inline-block;width:3.48px"> </div></div><div id="a117285" style="position:absolute;font-weight:bold;font-style:normal;left:221.133px;top:34.1px;">Beginning </div><div id="a117288" style="position:absolute;font-weight:bold;font-style:normal;left:304.493px;top:34.1px;">Accounting </div><div id="a117291" style="position:absolute;font-weight:bold;font-style:normal;left:395.88px;top:34.1px;">Valuation </div><div id="a117294" style="position:absolute;font-weight:bold;font-style:normal;left:481px;top:34.1px;">Utilization </div><div id="a117297" style="position:absolute;font-weight:bold;font-style:normal;left:584.72px;top:34.1px;">Rate </div><div id="a117300" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:34.1px;">at End </div><div id="a117304" style="position:absolute;font-weight:bold;font-style:normal;left:223.853px;top:51px;">of Period </div><div id="a117307" style="position:absolute;font-weight:bold;font-style:normal;left:300.653px;top:51px;">Adjustments </div><div id="a117310" style="position:absolute;font-weight:bold;font-style:normal;left:394.44px;top:51px;">Allowance </div><div id="a117313" style="position:absolute;font-weight:bold;font-style:normal;left:481.48px;top:51px;">and Other </div><div id="a117316" style="position:absolute;font-weight:bold;font-style:normal;left:573.52px;top:51px;">Changes </div><div id="a117319" style="position:absolute;font-weight:bold;font-style:normal;left:658.96px;top:51px;">of Period </div><div id="a117321" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.3px;">Valuation<div style="display:inline-block;width:5.1px"> </div>Allowance </div><div id="a117335" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2020 </div><div id="a117337" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:85.9px;">$ </div><div id="a117339" style="position:absolute;left:245.933px;top:85.1px;">13,834</div><div id="a117341" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:85.9px;">$ </div><div id="a117343" style="position:absolute;left:339.533px;top:85.9px;">7,148</div><div id="a117345" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:85.9px;">$ </div><div id="a117347" style="position:absolute;left:426.6px;top:85.1px;">2,738</div><div id="a117349" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:85.9px;">$ </div><div id="a117351" style="position:absolute;left:508.68px;top:85.1px;">(2,153)</div><div id="a117353" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:85.9px;">$ </div><div id="a117355" style="position:absolute;left:612.4px;top:85.1px;">(56)</div><div id="a117357" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:85.9px;">$ </div><div id="a117359" style="position:absolute;left:681.04px;top:85.1px;">21,511</div><div id="a117361" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2019 </div><div id="a117363" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:102.9px;">$ </div><div id="a117365" style="position:absolute;left:252.493px;top:102.1px;">7,520</div><div id="a117367" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:102.9px;">$ </div><div id="a117369" style="position:absolute;left:332.973px;top:102.9px;">13,752</div><div id="a117371" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:102.9px;">$ </div><div id="a117373" style="position:absolute;left:436.68px;top:102.1px;">832</div><div id="a117375" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:102.9px;">$ </div><div id="a117377" style="position:absolute;left:508.68px;top:102.1px;">(8,227)</div><div id="a117379" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:102.9px;">$ </div><div id="a117381" style="position:absolute;left:612.4px;top:102.1px;">(43)</div><div id="a117383" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:102.9px;">$ </div><div id="a117385" style="position:absolute;left:681.04px;top:102.1px;">13,834</div><div id="a117387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2018 </div><div id="a117389" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:119.8px;">$ </div><div id="a117391" style="position:absolute;left:252.493px;top:119px;">7,401</div><div id="a117393" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:119.8px;">$ </div><div id="a117395" style="position:absolute;left:356.333px;top:119.8px;">—</div><div id="a117397" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:119.8px;">$ </div><div id="a117399" style="position:absolute;left:436.68px;top:119px;">650</div><div id="a117401" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:119.8px;">$ </div><div id="a117403" style="position:absolute;left:518.6px;top:119px;">(471)</div><div id="a117405" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:119.8px;">$ </div><div id="a117407" style="position:absolute;left:612.4px;top:119px;">(60)</div><div id="a117409" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:119.8px;">$ </div><div id="a117411" style="position:absolute;left:687.6px;top:119px;">7,520</div></div></div></div><div id="TextBlockContainer938" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117413" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s net deferred<div style="display:inline-block;width:4.95px"> </div>tax assets and liabilities are classified in the Consolidated Balance<div style="display:inline-block;width:4.78px"> </div>Sheets<div style="display:inline-block;width:3.45px"> </div>as of December 31, 2020 </div><div id="a117454" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and 2019 as follows:</div></div><div id="TextBlockContainer942" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_940_XBRL_CS_f22cfffa096d4e958bfe75a4a8395840" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer941" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117464" style="position:absolute;font-weight:bold;font-style:normal;left:358.253px;top:0px;">2020 </div><div id="a117467" style="position:absolute;font-weight:bold;font-style:normal;left:460.173px;top:0px;">2019 </div><div id="a117471" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Non-current deferred tax assets </div><div id="a117475" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17px;">$ </div><div id="a117477" style="position:absolute;left:376.013px;top:17px;">16,566</div><div id="a117480" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17px;">$ </div><div id="a117482" style="position:absolute;left:477.973px;top:17px;">14,745</div><div id="a117486" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Non-current deferred tax liabilities </div><div id="a117492" style="position:absolute;left:369.293px;top:34.1px;">192,763</div><div id="a117496" style="position:absolute;left:471.253px;top:34.1px;">211,094</div><div id="a117500" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52px;">Net deferred tax liability </div><div id="a117502" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52px;">$ </div><div id="a117504" style="position:absolute;left:364.493px;top:52px;">(176,197)</div><div id="a117507" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52px;">$ </div><div id="a117509" style="position:absolute;left:466.413px;top:52px;">(196,349)</div></div></div></div><div id="TextBlockContainer944" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117561" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following is a reconciliation of income taxes at the Federal<div style="display:inline-block;width:4.71px"> </div>statutory rate with income taxes recorded by the Company<div style="display:inline-block;width:4.76px"> </div>for the </div><div id="a117605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">years ended December 31, 2020, 2019 and 2018:</div></div><div id="TextBlockContainer948" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:324px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_946_XBRL_CS_11e4cc5a9db04cf6841268d7aeabebbf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer947" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:324px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117624" style="position:absolute;font-weight:bold;font-style:normal;left:466.12px;top:0px;">2020 </div><div id="a117628" style="position:absolute;font-weight:bold;font-style:normal;left:568.04px;top:0px;">2019 </div><div id="a117632" style="position:absolute;font-weight:bold;font-style:normal;left:670.16px;top:0px;">2018 </div><div id="a117634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Income tax provision at the Federal statutory tax rate </div><div id="a117636" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:17.8px;">$ </div><div id="a117638" style="position:absolute;left:484.52px;top:17.3px;">5,699</div><div id="a117641" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:17.8px;">$ </div><div id="a117643" style="position:absolute;left:586.48px;top:17.3px;">6,070</div><div id="a117646" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:17.8px;">$ </div><div id="a117648" style="position:absolute;left:682px;top:17.3px;">17,458</div><div id="a117650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Unremitted earnings </div><div id="a117653" style="position:absolute;left:479.72px;top:33.9px;">(2,308)</div><div id="a117657" style="position:absolute;left:581.68px;top:33.9px;">(4,383)</div><div id="a117661" style="position:absolute;left:688.56px;top:33.9px;">7,857</div><div id="a117663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Tax law changes<div style="display:inline-block;width:4.82px"> </div>/ reform </div><div id="a117666" style="position:absolute;left:479.72px;top:51px;">(1,059)</div><div id="a117670" style="position:absolute;left:591.6px;top:51px;">(416)</div><div id="a117674" style="position:absolute;left:683.76px;top:51px;">(3,118)</div><div id="a117676" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Sub part F / Global intangible low taxed income </div><div id="a117679" style="position:absolute;left:484.52px;top:68px;">5,140</div><div id="a117683" style="position:absolute;left:596.56px;top:68px;">574</div><div id="a117687" style="position:absolute;left:688.56px;top:68px;">2,095</div><div id="a117689" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Pension settlement </div><div id="a117692" style="position:absolute;left:479.72px;top:85px;">(2,247)</div><div id="a117696" style="position:absolute;left:603.28px;top:85px;">—</div><div id="a117700" style="position:absolute;left:705.36px;top:85px;">—</div><div id="a117702" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Foreign derived intangible income </div><div id="a117705" style="position:absolute;left:479.72px;top:101.9px;">(7,339)</div><div id="a117709" style="position:absolute;left:581.68px;top:101.9px;">(1,699)</div><div id="a117713" style="position:absolute;left:683.76px;top:101.9px;">(1,034)</div><div id="a117715" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Non-deductible acquisition expenses </div><div id="a117720" style="position:absolute;left:494.6px;top:119px;">131</div><div id="a117724" style="position:absolute;left:586.48px;top:119px;">1,743</div><div id="a117728" style="position:absolute;left:688.56px;top:119px;">1,019</div><div id="a117730" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Withholding taxes </div><div id="a117733" style="position:absolute;left:484.52px;top:136px;">7,809</div><div id="a117737" style="position:absolute;left:586.48px;top:136px;">8,621</div><div id="a117741" style="position:absolute;left:688.56px;top:136px;">1,161</div><div id="a117743" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Foreign tax credits </div><div id="a117746" style="position:absolute;left:479.72px;top:153px;">(4,699)</div><div id="a117750" style="position:absolute;left:581.68px;top:153px;">(3,787)</div><div id="a117754" style="position:absolute;left:683.76px;top:153px;">(1,911)</div><div id="a117756" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Share-based compensation </div><div id="a117761" style="position:absolute;left:494.6px;top:169.9px;">335</div><div id="a117765" style="position:absolute;left:591.6px;top:169.9px;">(540)</div><div id="a117769" style="position:absolute;left:698.64px;top:169.9px;">259</div><div id="a117771" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Foreign tax rate differential </div><div id="a117774" style="position:absolute;left:494.6px;top:187.1px;">596</div><div id="a117778" style="position:absolute;left:596.56px;top:187.1px;">920</div><div id="a117782" style="position:absolute;left:688.56px;top:187.1px;">1,081</div><div id="a117784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Research and development credit </div><div id="a117787" style="position:absolute;left:489.64px;top:204px;">(475)</div><div id="a117791" style="position:absolute;left:591.6px;top:204px;">(306)</div><div id="a117795" style="position:absolute;left:693.68px;top:204px;">(230)</div><div id="a117797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221px;">Uncertain tax positions </div><div id="a117800" style="position:absolute;left:484.52px;top:221px;">1,990</div><div id="a117804" style="position:absolute;left:596.56px;top:221px;">899</div><div id="a117808" style="position:absolute;left:700.4px;top:221px;">(79)</div><div id="a117810" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">State income tax provisions, net </div><div id="a117813" style="position:absolute;left:479.72px;top:238px;">(2,245)</div><div id="a117817" style="position:absolute;left:591.6px;top:238px;">(117)</div><div id="a117821" style="position:absolute;left:698.64px;top:238px;">196</div><div id="a117823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Non-deductible meals and entertainment </div><div id="a117828" style="position:absolute;left:494.6px;top:255.1px;">290</div><div id="a117832" style="position:absolute;left:596.56px;top:255.1px;">318</div><div id="a117836" style="position:absolute;left:698.64px;top:255.1px;">415</div><div id="a117838" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:272px;">Intercompany transfer of intangible assets </div><div id="a117842" style="position:absolute;left:479.72px;top:272px;">(4,384)</div><div id="a117846" style="position:absolute;left:581.68px;top:272px;">(5,318)</div><div id="a117850" style="position:absolute;left:705.36px;top:272px;">—</div><div id="a117852" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289px;">Miscellaneous items, net </div><div id="a117855" style="position:absolute;left:479.72px;top:289px;">(2,530)</div><div id="a117859" style="position:absolute;left:591.6px;top:289px;">(495)</div><div id="a117863" style="position:absolute;left:693.68px;top:289px;">(119)</div><div id="a117865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:306.9px;">Taxes on income<div style="display:inline-block;width:4.77px"> </div>before equity in net income of associated companies </div><div id="a117867" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:307.9px;">$ </div><div id="a117869" style="position:absolute;left:479.72px;top:306.9px;">(5,296)</div><div id="a117872" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:307.9px;">$ </div><div id="a117874" style="position:absolute;left:586.48px;top:306.9px;">2,084</div><div id="a117877" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:307.9px;">$ </div><div id="a117879" style="position:absolute;left:682px;top:306.9px;">25,050</div></div></div></div><div id="TextBlockContainer950" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:454px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117881" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Pursuant to U.S. Tax<div style="display:inline-block;width:4.96px"> </div>Reform, the Company recorded a $</div><div id="a117881_53_4" style="position:absolute;left:331.533px;top:0px;">15.5</div><div id="a117881_57_63" style="position:absolute;font-weight:normal;font-style:normal;left:354.893px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million transition tax liability for U.S. income taxes on the </div><div id="a117925" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">undistributed earnings of non-U.S. subsidiaries.<div style="display:inline-block;width:7.79px"> </div>However, the Company may also<div style="display:inline-block;width:4.61px"> </div>be subject to other taxes, such as withholding taxes </div><div id="a117965" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">and dividend distribution taxes, if these undistributed<div style="display:inline-block;width:4.85px"> </div>earnings are ultimately remitted to the U.S.<div style="display:inline-block;width:7.6px"> </div>As a result of the Combination, </div><div id="a118006" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">additional third-party debt was incurred resulting in<div style="display:inline-block;width:4.73px"> </div>the Company re-evaluating its global cash strategy in order<div style="display:inline-block;width:4.75px"> </div>to meet its goal of </div><div id="a118052" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">reducing leverage in upcoming years.<div style="display:inline-block;width:7.73px"> </div>As of December 31, 2020, the Company has a deferred tax<div style="display:inline-block;width:4.73px"> </div>liability $</div><div id="a118052_105_3" style="position:absolute;left:579.759px;top:61.3px;">5.9</div><div id="a118052_108_16" style="position:absolute;font-weight:normal;font-style:normal;left:596.399px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>million, which </div><div id="a118095" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">primarily represents the estimate of the non-U.S.<div style="display:inline-block;width:4.7px"> </div>taxes the Company will incur to ultimately remit these earnings to<div style="display:inline-block;width:4.8px"> </div>the U.S.<div style="display:inline-block;width:6.76px"> </div>It is the </div><div id="a118143" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:91.9px;">Company’s current inten<div style="display:inline-block;width:1.53px"> </div>tion to reinvest its additional undistributed earnings of non-U.S.<div style="display:inline-block;width:4.73px"> </div>subsidiaries to support working capital needs </div><div id="a118180" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.2px;">and certain other growth initiatives outside of the U.S.<div style="display:inline-block;width:8.14px"> </div>The amount of such undistributed earnings at December 31, 2020 was </div><div id="a118220" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.6px;">approximately $</div><div id="a118220_15_5" style="position:absolute;left:91.653px;top:122.6px;">322.6</div><div id="a118220_20_109" style="position:absolute;font-weight:normal;font-style:normal;left:121.573px;top:122.6px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>Any tax liability which might result from ultimate remittance<div style="display:inline-block;width:4.7px"> </div>of these earnings is expected to be </div><div id="a118261" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:137.9px;">substantially offset by foreign tax credits (subject<div style="display:inline-block;width:4.77px"> </div>to certain limitations).<div style="display:inline-block;width:7.18px"> </div>It is currently impractical to estimate any such incremental </div><div id="a118300" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">tax expense. </div><div id="a118304" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:176.7px;">As of December 31, 2020, the Company’s<div style="display:inline-block;width:5.2px"> </div>cumulative liability for gross unrecognized tax benefits was $</div><div id="a118304_101_4" style="position:absolute;left:585.839px;top:176.7px;">22.2</div><div id="a118304_105_14" style="position:absolute;font-weight:normal;font-style:normal;left:609.359px;top:176.7px;"><div style="display:inline-block;width:3.36px"> </div>million. The </div><div id="a118343" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:191.9px;">Company had accrued approximately $</div><div id="a118343_35_3" style="position:absolute;left:214.213px;top:191.9px;-sec-ix-hidden:ID_604;">3.9</div><div id="a118343_38_39" style="position:absolute;font-weight:normal;font-style:normal;left:230.893px;top:191.9px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative penalties and $</div><div id="a118343_77_3" style="position:absolute;left:437.479px;top:191.9px;-sec-ix-hidden:ID_603;">3.0</div><div id="a118343_80_48" style="position:absolute;font-weight:normal;font-style:normal;left:454.279px;top:191.9px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative interest as of December </div><div id="a118384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.2px;">31, 2020.<div style="display:inline-block;width:7.03px"> </div>As of December 31, 2019, the Company’s<div style="display:inline-block;width:5.01px"> </div>cumulative liability for gross unrecognized tax benefits was $</div><div id="a118384_112_4" style="position:absolute;left:618.479px;top:207.2px;">19.1</div><div id="a118384_116_14" style="position:absolute;font-weight:normal;font-style:normal;left:641.839px;top:207.2px;"><div style="display:inline-block;width:3.2px"> </div>million. The </div><div id="a118427" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.6px;">Company had accrued approximately $</div><div id="a118427_35_3" style="position:absolute;left:214.213px;top:222.6px;-sec-ix-hidden:ID_70;">3.1</div><div id="a118427_38_39" style="position:absolute;font-weight:normal;font-style:normal;left:230.893px;top:222.6px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative penalties and $</div><div id="a118427_77_3" style="position:absolute;left:437.479px;top:222.6px;-sec-ix-hidden:ID_71;">2.3</div><div id="a118427_80_48" style="position:absolute;font-weight:normal;font-style:normal;left:454.279px;top:222.6px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative interest as of December </div><div id="a118464" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:237.9px;">31, 2019. </div><div id="a118469" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:261.3px;">The Company continues to recognize interest and penalties<div style="display:inline-block;width:4.8px"> </div>associated with uncertain tax positions as a component of<div style="display:inline-block;width:4.78px"> </div>tax expense </div><div id="a118507" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">on income before equity in net income of associated companies<div style="display:inline-block;width:4.73px"> </div>in its Consolidated Statements of Income.<div style="display:inline-block;width:7.95px"> </div>The Company recognized </div><div id="a118546" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:291.9px;">an expense of less than $</div><div id="a118546_25_3" style="position:absolute;left:137.573px;top:291.9px;-sec-ix-hidden:ID_605;">0.1</div><div id="a118546_28_28" style="position:absolute;font-weight:normal;font-style:normal;left:154.213px;top:291.9px;"><div style="display:inline-block;width:3.36px"> </div>million for penalties and $</div><div id="a118546_56_3" style="position:absolute;left:298.253px;top:291.9px;">0.6</div><div id="a118546_59_79" style="position:absolute;font-weight:normal;font-style:normal;left:315.053px;top:291.9px;"><div style="display:inline-block;width:3.36px"> </div>million for interest (net of expirations and settlements) in its Consolidated </div><div id="a118590" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.3px;">Statement of Income for the year ended December 31,<div style="display:inline-block;width:4.57px"> </div>2020, a credit of $</div><div id="a118590_71_3" style="position:absolute;left:394.413px;top:307.3px;-sec-ix-hidden:ID_748;">0.2</div><div id="a118590_74_42" style="position:absolute;font-weight:normal;font-style:normal;left:411.08px;top:307.3px;"><div style="display:inline-block;width:3.36px"> </div>million for penalties and an expense of $</div><div id="a118590_116_3" style="position:absolute;left:631.759px;top:307.3px;">0.2</div><div id="a118590_119_13" style="position:absolute;font-weight:normal;font-style:normal;left:648.239px;top:307.3px;"><div style="display:inline-block;width:3.36px"> </div>million for </div><div id="a118638" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:322.6px;">interest (net of expirations and settlements) in its Consolidated<div style="display:inline-block;width:4.84px"> </div>Statement of Income for the year ended December 31, 2019, and<div style="display:inline-block;width:4.71px"> </div>a </div><div id="a118680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:338px;">credit of $</div><div id="a118680_11_3" style="position:absolute;left:59.339px;top:338px;-sec-ix-hidden:ID_909;">0.2</div><div id="a118680_14_40" style="position:absolute;font-weight:normal;font-style:normal;left:75.979px;top:338px;"><div style="display:inline-block;width:3.36px"> </div>million for penalties and a credit of $</div><div id="a118680_54_3" style="position:absolute;left:277.453px;top:338px;">0.1</div><div id="a118680_57_79" style="position:absolute;font-weight:normal;font-style:normal;left:294.093px;top:338px;"><div style="display:inline-block;width:3.36px"> </div>million for interest (net of expirations and settlements)<div style="display:inline-block;width:4.71px"> </div>in its Consolidated </div><div id="a118725" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.3px;">Statement of Income for the year ended December 31,<div style="display:inline-block;width:4.57px"> </div>2018. </div><div id="a118745" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:376.7px;">The Company estimates that during the year ending December<div style="display:inline-block;width:4.88px"> </div>31, 2021, it will reduce its cumulative liability for gross </div><div id="a118784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:391.9px;">unrecognized tax benefits by approximately $</div><div id="a118784_44_3" style="position:absolute;left:248.653px;top:391.9px;-sec-ix-hidden:ID_747;">1.5</div><div id="a118784_47_88" style="position:absolute;font-weight:normal;font-style:normal;left:265.293px;top:391.9px;"><div style="display:inline-block;width:3.36px"> </div>million due to the expiration of the statute of limitations with regard<div style="display:inline-block;width:4.82px"> </div>to certain tax </div><div id="a118826" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:407.3px;">positions.<div style="display:inline-block;width:6.99px"> </div>This estimated reduction in the cumulative liability for unrecognized<div style="display:inline-block;width:4.89px"> </div>tax benefits does not consider any increase in liability </div><div id="a118865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:422.6px;">for unrecognized tax benefits with regard to existing tax<div style="display:inline-block;width:4.66px"> </div>positions or any increase in cumulative liability for unrecognized<div style="display:inline-block;width:4.71px"> </div>tax benefits </div><div id="a118905" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:438px;">with regard to new tax positions for the year ending December<div style="display:inline-block;width:4.88px"> </div>31, 2021.<div style="display:inline-block;width:3.51px"> </div></div></div><div id="TextBlockContainer952" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118981" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">A reconciliation of the beginning and ending amounts<div style="display:inline-block;width:4.71px"> </div>of unrecognized tax benefits for the years ended December<div style="display:inline-block;width:4.74px"> </div>31, 2020, 2019 </div><div id="a119021" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and 2018, respectively,<div style="display:inline-block;width:4.92px"> </div>is as follows:</div></div><div id="TextBlockContainer956" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_954_XBRL_CS_aeb6173090af49f39ae0c08d630cc13b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer955" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119036" style="position:absolute;font-weight:bold;font-style:normal;left:466.12px;top:0px;">2020 </div><div id="a119040" style="position:absolute;font-weight:bold;font-style:normal;left:568.04px;top:0px;">2019 </div><div id="a119044" style="position:absolute;font-weight:bold;font-style:normal;left:670.16px;top:0px;">2018 </div><div id="a119046" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Unrecognized tax benefits as of January 1 </div><div id="a119048" style="position:absolute;font-weight:normal;font-style:normal;left:430.12px;top:17.3px;">$ </div><div id="a119050" style="position:absolute;left:477.96px;top:17.3px;">19,097</div><div id="a119053" style="position:absolute;font-weight:normal;font-style:normal;left:532.04px;top:17.3px;">$ </div><div id="a119055" style="position:absolute;left:586.48px;top:17.3px;">7,050</div><div id="a119058" style="position:absolute;font-weight:normal;font-style:normal;left:634.16px;top:17.3px;">$ </div><div id="a119060" style="position:absolute;left:688.56px;top:17.3px;">6,761</div><div id="a119063" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:33.9px;">Increase (decrease) in unrecognized tax benefits taken<div style="display:inline-block;width:4.74px"> </div>in prior periods </div><div id="a119067" style="position:absolute;left:484.52px;top:33.9px;">2,025</div><div id="a119071" style="position:absolute;left:598.32px;top:33.9px;">(28)</div><div id="a119075" style="position:absolute;left:693.68px;top:33.9px;">(183)</div><div id="a119078" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">Increase in unrecognized tax benefits taken in current period </div><div id="a119081" style="position:absolute;left:484.52px;top:51px;">3,095</div><div id="a119085" style="position:absolute;left:586.48px;top:51px;">1,935</div><div id="a119089" style="position:absolute;left:688.56px;top:51px;">2,023</div><div id="a119092" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68px;">Decrease in unrecognized tax benefits due to lapse of statute of<div style="display:inline-block;width:4.77px"> </div>limitations </div><div id="a119095" style="position:absolute;left:479.72px;top:68px;">(3,659)</div><div id="a119099" style="position:absolute;left:581.68px;top:68px;">(1,029)</div><div id="a119103" style="position:absolute;left:683.76px;top:68px;">(1,292)</div><div id="a119106" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85px;">Increase in unrecognized tax benefits due to acquisition </div><div id="a119110" style="position:absolute;left:494.6px;top:85px;">597</div><div id="a119114" style="position:absolute;left:579.92px;top:85px;">11,301</div><div id="a119118" style="position:absolute;left:705.36px;top:85px;">—</div><div id="a119121" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:101.9px;">Increase (decrease) due to foreign exchange rates </div><div id="a119124" style="position:absolute;left:494.6px;top:101.9px;">997</div><div id="a119128" style="position:absolute;left:591.6px;top:101.9px;">(132)</div><div id="a119132" style="position:absolute;left:693.68px;top:101.9px;">(259)</div><div id="a119134" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:119.8px;">Unrecognized tax benefits as of December<div style="display:inline-block;width:4.71px"> </div>31 </div><div id="a119136" style="position:absolute;font-weight:normal;font-style:normal;left:430.12px;top:119.8px;">$ </div><div id="a119138" style="position:absolute;left:477.96px;top:119.8px;">22,152</div><div id="a119141" style="position:absolute;font-weight:normal;font-style:normal;left:532.04px;top:119.8px;">$ </div><div id="a119143" style="position:absolute;left:579.92px;top:119.8px;">19,097</div><div id="a119146" style="position:absolute;font-weight:normal;font-style:normal;left:634.16px;top:119.8px;">$ </div><div id="a119148" style="position:absolute;left:688.56px;top:119.8px;">7,050</div></div></div></div><div id="TextBlockContainer958" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:390px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119150" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The amount of net unrecognized tax benefits above that, if<div style="display:inline-block;width:4.78px"> </div>recognized, would impact the Company’s<div style="display:inline-block;width:5.04px"> </div>tax expense and effective tax </div><div id="a119190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">rate is $</div><div id="a119190_9_4" style="position:absolute;left:46.699px;top:15.4px;">14.7</div><div id="a119190_13_11" style="position:absolute;font-weight:normal;font-style:normal;left:70.059px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million, $</div><div id="a119190_24_4" style="position:absolute;left:125.253px;top:15.4px;">13.3</div><div id="a119190_28_14" style="position:absolute;font-weight:normal;font-style:normal;left:148.613px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a119190_42_3" style="position:absolute;left:223.053px;top:15.4px;">2.2</div><div id="a119190_45_77" style="position:absolute;font-weight:normal;font-style:normal;left:239.693px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million for the years ended December 31, 2020, 2019<div style="display:inline-block;width:4.7px"> </div>and 2018, respectively. </div><div id="a119239" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:36px;">The Company and its subsidiaries are subject to U.S. Federal income<div style="display:inline-block;width:5.02px"> </div>tax, as well as the income tax of various state and foreign </div><div id="a119286" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">tax jurisdictions.<div style="display:inline-block;width:7.18px"> </div>Tax years that remain<div style="display:inline-block;width:4.76px"> </div>subject to examination by major tax jurisdictions include Italy<div style="display:inline-block;width:4.56px"> </div>from </div><div id="a119286_111_4" style="position:absolute;left:582.96px;top:51.4px;">2006</div><div id="a119286_115_14" style="position:absolute;font-weight:normal;font-style:normal;left:609.68px;top:51.4px;">, Brazil from </div><div id="a119286_129_4" style="position:absolute;left:681.36px;top:51.4px;">2011</div><div id="a119286_133_2" style="position:absolute;font-weight:normal;font-style:normal;left:708.08px;top:51.4px;">, </div><div id="a119329" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">Mexico, the Netherlands and China from </div><div id="a119329_39_4" style="position:absolute;left:226.413px;top:66.6px;">2015</div><div id="a119329_43_45" style="position:absolute;font-weight:normal;font-style:normal;left:253.133px;top:66.6px;">, Spain, Germany and the United Kingdom from </div><div id="a119329_88_4" style="position:absolute;left:514.6px;top:66.6px;">2016</div><div id="a119329_92_27" style="position:absolute;font-weight:normal;font-style:normal;left:541.32px;top:66.6px;">, Canada and the U.S. from </div><div id="a119329_119_4" style="position:absolute;left:689.839px;top:66.6px;">2017</div><div id="a119329_123_2" style="position:absolute;font-weight:normal;font-style:normal;left:716.399px;top:66.6px;">, </div><div id="a119375" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:82px;">India from fiscal year beginning April 1, </div><div id="a119375_42_4" style="position:absolute;left:224.493px;top:82px;">2018</div><div id="a119375_46_74" style="position:absolute;font-weight:normal;font-style:normal;left:251.213px;top:82px;"><div style="display:inline-block;width:3.36px"> </div>and ending March 31, 2019, and various U.S. state tax jurisdictions<div style="display:inline-block;width:4.7px"> </div>from </div><div id="a119375_120_4" style="position:absolute;left:646.319px;top:82px;">2011</div><div id="a119375_124_2" style="position:absolute;font-weight:normal;font-style:normal;left:673.039px;top:82px;">. </div><div id="a119423" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:102.6px;">As previously reported, the Italian tax authorities have<div style="display:inline-block;width:4.71px"> </div>assessed additional tax due from the Company’s<div style="display:inline-block;width:5.23px"> </div>subsidiary, Quaker Italia </div><div id="a119459" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118px;">S.r.l., relating to the tax<div style="display:inline-block;width:4.64px"> </div>years 2007 through 2015. The Company filed for competent authority<div style="display:inline-block;width:4.89px"> </div>relief from these assessments under the </div><div id="a119503" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:133.3px;">Mutual Agreement Procedures (“MAP”) of the Organization<div style="display:inline-block;width:5.04px"> </div>for Economic Co-Operation and Development for all<div style="display:inline-block;width:4.73px"> </div>years except 2007. </div><div id="a119540" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:148.7px;">In 2020, the respective tax authorities in Italy,<div style="display:inline-block;width:5.39px"> </div>Spain, and Netherland reached agreement with respect to the<div style="display:inline-block;width:4.78px"> </div>MAP proceedings, which </div><div id="a119581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:164px;">the Company has accepted. As a result, the Company has<div style="display:inline-block;width:4.77px"> </div>recorded an estimated tax liability of $</div><div id="a119581_95_3" style="position:absolute;left:519.24px;top:164px;">0.9</div><div id="a119581_98_27" style="position:absolute;font-weight:normal;font-style:normal;left:536.04px;top:164px;"><div style="display:inline-block;width:3.2px"> </div>million to finalize these </div><div id="a119625" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:179.4px;">proceedings, net of refunds expected to be received from<div style="display:inline-block;width:4.8px"> </div>the Spanish and Dutch tax authorities.<div style="display:inline-block;width:7.36px"> </div>As of December 31, 2020, the </div><div id="a119669" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:194.8px;">Company believes it has adequate reserves for uncertain<div style="display:inline-block;width:4.69px"> </div>tax positions with respect to these and all other audits. </div><div id="a119705" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:215.4px;">Houghton Italia, S.r.l<div style="display:inline-block;width:4.74px"> </div>is also currently involved in a corporate income tax audit with the<div style="display:inline-block;width:4.59px"> </div>Italian tax authorities covering tax years </div><div id="a119747" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.6px;">2014 through 2018.<div style="display:inline-block;width:7.31px"> </div>As of December 31, 2020, the Company has a $</div><div id="a119747_64_3" style="position:absolute;left:372.013px;top:230.6px;">5.8</div><div id="a119747_67_65" style="position:absolute;font-weight:normal;font-style:normal;left:388.653px;top:230.6px;"><div style="display:inline-block;width:3.36px"> </div>million reserve for uncertain tax positions relating to matters </div><div id="a119791" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">related to this audit.<div style="display:inline-block;width:7.35px"> </div>Since this reserve relates to the tax periods prior to August 1,<div style="display:inline-block;width:4.8px"> </div>2019, the tax liability was established through </div><div id="a119838" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">purchase accounting related to the Combination.<div style="display:inline-block;width:7.94px"> </div>The Company has also submitted an indemnification claim<div style="display:inline-block;width:4.71px"> </div>against funds held in </div><div id="a119875" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">escrow by Houghton’s former<div style="display:inline-block;width:4.75px"> </div>owners and as a result, a corresponding $</div><div id="a119875_69_3" style="position:absolute;left:388.333px;top:276.7px;">5.8</div><div id="a119875_72_50" style="position:absolute;font-weight:normal;font-style:normal;left:405px;top:276.7px;"><div style="display:inline-block;width:3.36px"> </div>million indemnification receivable has also been </div><div id="a119912" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292.1px;">established through purchase accounting. </div><div id="a119920" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:312.7px;">Houghton Deutschland GmbH is also under audit by<div style="display:inline-block;width:4.7px"> </div>the German tax authorities for tax years 2015-2017.<div style="display:inline-block;width:7.84px"> </div>Based on preliminary </div><div id="a119961" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:328.1px;">audit findings, primarily related to transfer pricing, the<div style="display:inline-block;width:4.72px"> </div>Company has recorded a reserve for $</div><div id="a119961_95_3" style="position:absolute;left:502.28px;top:328.1px;">0.9</div><div id="a119961_98_38" style="position:absolute;font-weight:normal;font-style:normal;left:518.92px;top:328.1px;"><div style="display:inline-block;width:3.36px"> </div>million as of December 31, 2020.<div style="display:inline-block;width:7.51px"> </div>Of </div><div id="a120007" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:343.3px;">this amount, $</div><div id="a120007_14_3" style="position:absolute;left:80.459px;top:343.3px;">0.8</div><div id="a120007_17_116" style="position:absolute;font-weight:normal;font-style:normal;left:97.253px;top:343.3px;"><div style="display:inline-block;width:3.2px"> </div>million relates to tax periods prior to the Combination and<div style="display:inline-block;width:4.71px"> </div>therefore the Company has submitted an indemnification </div><div id="a120047" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:358.6px;">claim with Houghton’s<div style="display:inline-block;width:4.7px"> </div>former owners for any tax liabilities arising pre-Combination.<div style="display:inline-block;width:8.16px"> </div>As a result, a corresponding $</div><div id="a120047_116_3" style="position:absolute;left:626.32px;top:358.6px;">0.8</div><div id="a120047_119_9" style="position:absolute;font-weight:normal;font-style:normal;left:643.12px;top:358.6px;"><div style="display:inline-block;width:3.2px"> </div>million </div><div id="a120086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:374px;">indemnification receivable has also been established<div style="display:inline-block;width:4.7px"> </div>to offset the $</div><div id="a120086_68_3" style="position:absolute;left:361.293px;top:374px;">0.8</div><div id="a120086_71_23" style="position:absolute;font-weight:normal;font-style:normal;left:377.933px;top:374px;"><div style="display:inline-block;width:3.36px"> </div>million tax liability.</div></div> 15500000 7000000.0 8500000 5900000 <div id="TextBlockContainer917" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115556" style="position:absolute;font-weight:bold;font-style:normal;left:262.067px;top:0px;">2020 </div><div id="a115560" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2019 </div><div id="a115564" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2018 </div><div id="a115568" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Current: </div><div id="a115581" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:34.1px;">Federal </div><div id="a115583" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:34.9px;">$ </div><div id="a115585" style="position:absolute;left:275.667px;top:34.1px;">(1,359)</div><div id="a115588" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:34.9px;">$ </div><div id="a115590" style="position:absolute;left:387.693px;top:34.1px;">(239)</div><div id="a115593" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:34.9px;">$ </div><div id="a115595" style="position:absolute;left:484.533px;top:34.1px;">6,583</div><div id="a115600" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:51px;">State </div><div id="a115603" style="position:absolute;left:280.467px;top:51px;">1,171</div><div id="a115607" style="position:absolute;left:392.653px;top:51px;">352</div><div id="a115611" style="position:absolute;left:479.733px;top:51px;">(1,844)</div><div id="a115616" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:68px;">Foreign </div><div id="a115619" style="position:absolute;left:273.907px;top:68px;">33,173</div><div id="a115623" style="position:absolute;left:376.013px;top:68px;">26,213</div><div id="a115627" style="position:absolute;left:477.973px;top:68px;">12,114</div><div id="a115634" style="position:absolute;left:273.907px;top:85.4px;">32,985</div><div id="a115638" style="position:absolute;left:376.013px;top:85.4px;">26,326</div><div id="a115642" style="position:absolute;left:477.973px;top:85.4px;">16,853</div><div id="a115646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Deferred: </div><div id="a115659" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:119px;">Federal </div><div id="a115662" style="position:absolute;left:268.947px;top:119px;">(28,437)</div><div id="a115666" style="position:absolute;left:377.773px;top:119px;">(9,267)</div><div id="a115670" style="position:absolute;left:484.533px;top:119px;">7,859</div><div id="a115675" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:136px;">State </div><div id="a115678" style="position:absolute;left:275.667px;top:136px;">(3,087)</div><div id="a115682" style="position:absolute;left:387.693px;top:136px;">(396)</div><div id="a115686" style="position:absolute;left:489.653px;top:136px;">(173)</div><div id="a115691" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:153.1px;">Foreign </div><div id="a115694" style="position:absolute;left:275.667px;top:153.1px;">(6,757)</div><div id="a115698" style="position:absolute;left:371.053px;top:153.1px;">(14,579)</div><div id="a115702" style="position:absolute;left:494.613px;top:153.1px;">511</div><div id="a115706" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.9px;">Total </div><div id="a115708" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:171.8px;">$ </div><div id="a115710" style="position:absolute;left:275.667px;top:170.9px;">(5,296)</div><div id="a115713" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:171.8px;">$ </div><div id="a115715" style="position:absolute;left:382.573px;top:170.9px;">2,084</div><div id="a115718" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:171.8px;">$ </div><div id="a115720" style="position:absolute;left:477.973px;top:170.9px;">25,050</div></div> -1359000 -239000 6583000 1171000 352000 -1844000 33173000 26213000 12114000 32985000 26326000 16853000 -28437000 -9267000 7859000 -3087000 -396000 -173000 -6757000 -14579000 511000 -5296000 2084000 25050000 <div id="TextBlockContainer923" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:523px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115767" style="position:absolute;font-weight:bold;font-style:normal;left:262.067px;top:0px;">2020 </div><div id="a115771" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2019 </div><div id="a115775" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2018 </div><div id="a115779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">U.S. </div><div id="a115781" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:17.8px;">$ </div><div id="a115783" style="position:absolute;left:268.947px;top:17.3px;">(66,585)</div><div id="a115786" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.8px;">$ </div><div id="a115788" style="position:absolute;left:371.053px;top:17.3px;">(46,697)</div><div id="a115791" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.8px;">$ </div><div id="a115793" style="position:absolute;left:477.973px;top:17.3px;">27,387</div><div id="a115797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Foreign </div><div id="a115800" style="position:absolute;left:273.907px;top:33.9px;">93,724</div><div id="a115804" style="position:absolute;left:376.013px;top:33.9px;">75,601</div><div id="a115808" style="position:absolute;left:477.973px;top:33.9px;">55,711</div><div id="a115812" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Total </div><div id="a115814" style="position:absolute;font-weight:normal;font-style:normal;left:224.467px;top:52.8px;">$ </div><div id="a115816" style="position:absolute;left:273.907px;top:51.8px;">27,139</div><div id="a115819" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52.8px;">$ </div><div id="a115821" style="position:absolute;left:376.013px;top:51.8px;">28,904</div><div id="a115824" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52.8px;">$ </div><div id="a115826" style="position:absolute;left:477.973px;top:51.8px;">83,098</div></div> -66585000 -46697000 27387000 93724000 75601000 55711000 27139000 28904000 83098000 <div id="TextBlockContainer929" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115869" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2020 </div><div id="a115873" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2019 </div><div id="a115877" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Retirement benefits </div><div id="a115879" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.9px;">$ </div><div id="a115881" style="position:absolute;left:376.013px;top:17.4px;">15,237</div><div id="a115884" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.9px;">$ </div><div id="a115886" style="position:absolute;left:477.973px;top:17.4px;">15,142</div><div id="a115890" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Allowance for doubtful accounts </div><div id="a115893" style="position:absolute;left:382.573px;top:34.1px;">2,316</div><div id="a115897" style="position:absolute;left:484.533px;top:34.1px;">2,253</div><div id="a115901" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.5px;">Insurance and litigation reserves </div><div id="a115904" style="position:absolute;left:392.653px;top:51.5px;">842</div><div id="a115908" style="position:absolute;left:484.533px;top:51.5px;">1,002</div><div id="a115912" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.6px;">Performance incentives </div><div id="a115915" style="position:absolute;left:382.573px;top:69.6px;">5,914</div><div id="a115919" style="position:absolute;left:484.533px;top:69.6px;">7,213</div><div id="a115923" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:87.5px;">Equity-based compensation </div><div id="a115928" style="position:absolute;left:382.573px;top:87.5px;">1,282</div><div id="a115932" style="position:absolute;left:484.533px;top:87.5px;">1,050</div><div id="a115936" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">Prepaid expense </div><div id="a115940" style="position:absolute;left:392.653px;top:105.6px;">756</div><div id="a115944" style="position:absolute;left:484.533px;top:105.6px;">2,976</div><div id="a115948" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.5px;">Insurance settlement </div><div id="a115951" style="position:absolute;left:399.373px;top:123.5px;">—</div><div id="a115955" style="position:absolute;left:484.533px;top:123.5px;">3,895</div><div id="a115959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Operating loss carryforward </div><div id="a115962" style="position:absolute;left:376.013px;top:141.6px;">16,693</div><div id="a115966" style="position:absolute;left:477.973px;top:141.6px;">16,044</div><div id="a115970" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:159.5px;">Foreign tax credit and other credits </div><div id="a115973" style="position:absolute;left:376.013px;top:159.5px;">24,873</div><div id="a115977" style="position:absolute;left:477.973px;top:159.5px;">34,384</div><div id="a115981" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.6px;">Interest </div><div id="a115984" style="position:absolute;left:376.013px;top:177.6px;">16,812</div><div id="a115988" style="position:absolute;left:477.973px;top:177.6px;">11,479</div><div id="a115992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:195.5px;">Restructuring reserves </div><div id="a115995" style="position:absolute;left:382.573px;top:195.5px;">1,121</div><div id="a115999" style="position:absolute;left:484.533px;top:195.5px;">2,167</div><div id="a116003" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:213.6px;">Right of use lease assets </div><div id="a116007" style="position:absolute;left:382.573px;top:213.6px;">9,346</div><div id="a116011" style="position:absolute;left:477.973px;top:213.6px;">10,015</div><div id="a116015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:231.5px;">Royalties and license fees </div><div id="a116018" style="position:absolute;left:399.373px;top:231.5px;">—</div><div id="a116022" style="position:absolute;left:484.533px;top:231.5px;">2,156</div><div id="a116026" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:249.6px;">Inventory reserves </div><div id="a116029" style="position:absolute;left:382.573px;top:249.6px;">2,225</div><div id="a116033" style="position:absolute;left:484.533px;top:249.6px;">2,163</div><div id="a116037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:267.5px;">Research and development </div><div id="a116040" style="position:absolute;left:382.573px;top:267.5px;">7,974</div><div id="a116044" style="position:absolute;left:484.533px;top:267.5px;">2,580</div><div id="a116048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:285.6px;">Other </div><div id="a116051" style="position:absolute;left:382.573px;top:285.6px;">3,005</div><div id="a116055" style="position:absolute;left:484.533px;top:285.6px;">1,317</div><div id="a116061" style="position:absolute;left:369.293px;top:303.9px;">108,396</div><div id="a116065" style="position:absolute;left:471.253px;top:303.9px;">115,836</div><div id="a116069" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:321.6px;">Valuation<div style="display:inline-block;width:5.1px"> </div>allowance </div><div id="a116072" style="position:absolute;left:371.053px;top:321.6px;">(21,511)</div><div id="a116076" style="position:absolute;left:473.013px;top:321.6px;">(13,834)</div><div id="a116080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:340.4px;">Total deferred<div style="display:inline-block;width:4.71px"> </div>tax assets, net </div><div id="a116082" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:342px;">$ </div><div id="a116084" style="position:absolute;left:376.013px;top:340.4px;">86,885</div><div id="a116087" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:342px;">$ </div><div id="a116089" style="position:absolute;left:471.253px;top:340.4px;">102,002</div><div id="a116093" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:360.7px;">Depreciation </div><div id="a116096" style="position:absolute;left:376.013px;top:360.7px;">15,473</div><div id="a116100" style="position:absolute;left:477.973px;top:360.7px;">17,754</div><div id="a116104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:377.7px;">Foreign pension and other </div><div id="a116108" style="position:absolute;left:382.573px;top:377.7px;">1,807</div><div id="a116112" style="position:absolute;left:484.533px;top:377.7px;">1,269</div><div id="a116116" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:395.6px;">Amortization and other </div><div id="a116119" style="position:absolute;left:369.293px;top:395.6px;">222,794</div><div id="a116123" style="position:absolute;left:471.253px;top:395.6px;">254,359</div><div id="a116127" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:413.7px;">Lease liabilities </div><div id="a116130" style="position:absolute;left:382.573px;top:413.7px;">9,151</div><div id="a116134" style="position:absolute;left:484.533px;top:413.7px;">9,965</div><div id="a116138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:431.6px;">Outside basis in equity investment </div><div id="a116141" style="position:absolute;left:382.573px;top:431.6px;">7,938</div><div id="a116145" style="position:absolute;left:484.533px;top:431.6px;">6,776</div><div id="a116149" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:449.7px;">Unremitted Earnings </div><div id="a116152" style="position:absolute;left:382.573px;top:449.7px;">5,919</div><div id="a116156" style="position:absolute;left:484.533px;top:449.7px;">8,228</div><div id="a116160" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:468.4px;">Total deferred<div style="display:inline-block;width:4.71px"> </div>tax liabilities </div><div id="a116162" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:470px;">$ </div><div id="a116164" style="position:absolute;left:369.293px;top:468.4px;">263,082</div><div id="a116167" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:470px;">$ </div><div id="a116169" style="position:absolute;left:471.253px;top:468.4px;">298,351</div></div> 15237000 15142000 2316000 2253000 842000 1002000 5914000 7213000 1282000 1050000 756000 2976000 0 3895000 16693000 16044000 24873000 34384000 16812000 11479000 1121000 2167000 9346000 10015000 0 2156000 2225000 2163000 7974000 2580000 3005000 1317000 108396000 115836000 21511000 13834000 86885000 102002000 15473000 17754000 1807000 1269000 222794000 254359000 9151000 9965000 7938000 6776000 5919000 8228000 263082000 298351000 11300000 8000000.0 3300000 3300000 P5Y P20Y 1000000.0 5400000 1700000 5400000 600000 41800000 P10Y 33700000 8200000 24900000 10200000 14000000.0 15700000 222800000 0.50 7900000 <div id="TextBlockContainer935" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117260" style="position:absolute;font-weight:bold;font-style:normal;left:573.68px;top:0px;">Effect of<div style="display:inline-block;width:3.54px"> </div></div><div id="a117266" style="position:absolute;font-weight:bold;font-style:normal;left:220.173px;top:17.1px;">Balance at </div><div id="a117269" style="position:absolute;font-weight:bold;font-style:normal;left:310.733px;top:17.1px;">Purchase </div><div id="a117272" style="position:absolute;font-weight:bold;font-style:normal;left:393.64px;top:17.1px;">Additional </div><div id="a117275" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:17.1px;">Allowance </div><div id="a117278" style="position:absolute;font-weight:bold;font-style:normal;left:570.32px;top:17.1px;">Exchange </div><div id="a117281" style="position:absolute;font-weight:bold;font-style:normal;left:662.48px;top:17.1px;">Balance<div style="display:inline-block;width:3.48px"> </div></div><div id="a117285" style="position:absolute;font-weight:bold;font-style:normal;left:221.133px;top:34.1px;">Beginning </div><div id="a117288" style="position:absolute;font-weight:bold;font-style:normal;left:304.493px;top:34.1px;">Accounting </div><div id="a117291" style="position:absolute;font-weight:bold;font-style:normal;left:395.88px;top:34.1px;">Valuation </div><div id="a117294" style="position:absolute;font-weight:bold;font-style:normal;left:481px;top:34.1px;">Utilization </div><div id="a117297" style="position:absolute;font-weight:bold;font-style:normal;left:584.72px;top:34.1px;">Rate </div><div id="a117300" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:34.1px;">at End </div><div id="a117304" style="position:absolute;font-weight:bold;font-style:normal;left:223.853px;top:51px;">of Period </div><div id="a117307" style="position:absolute;font-weight:bold;font-style:normal;left:300.653px;top:51px;">Adjustments </div><div id="a117310" style="position:absolute;font-weight:bold;font-style:normal;left:394.44px;top:51px;">Allowance </div><div id="a117313" style="position:absolute;font-weight:bold;font-style:normal;left:481.48px;top:51px;">and Other </div><div id="a117316" style="position:absolute;font-weight:bold;font-style:normal;left:573.52px;top:51px;">Changes </div><div id="a117319" style="position:absolute;font-weight:bold;font-style:normal;left:658.96px;top:51px;">of Period </div><div id="a117321" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.3px;">Valuation<div style="display:inline-block;width:5.1px"> </div>Allowance </div><div id="a117335" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2020 </div><div id="a117337" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:85.9px;">$ </div><div id="a117339" style="position:absolute;left:245.933px;top:85.1px;">13,834</div><div id="a117341" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:85.9px;">$ </div><div id="a117343" style="position:absolute;left:339.533px;top:85.9px;">7,148</div><div id="a117345" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:85.9px;">$ </div><div id="a117347" style="position:absolute;left:426.6px;top:85.1px;">2,738</div><div id="a117349" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:85.9px;">$ </div><div id="a117351" style="position:absolute;left:508.68px;top:85.1px;">(2,153)</div><div id="a117353" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:85.9px;">$ </div><div id="a117355" style="position:absolute;left:612.4px;top:85.1px;">(56)</div><div id="a117357" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:85.9px;">$ </div><div id="a117359" style="position:absolute;left:681.04px;top:85.1px;">21,511</div><div id="a117361" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2019 </div><div id="a117363" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:102.9px;">$ </div><div id="a117365" style="position:absolute;left:252.493px;top:102.1px;">7,520</div><div id="a117367" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:102.9px;">$ </div><div id="a117369" style="position:absolute;left:332.973px;top:102.9px;">13,752</div><div id="a117371" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:102.9px;">$ </div><div id="a117373" style="position:absolute;left:436.68px;top:102.1px;">832</div><div id="a117375" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:102.9px;">$ </div><div id="a117377" style="position:absolute;left:508.68px;top:102.1px;">(8,227)</div><div id="a117379" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:102.9px;">$ </div><div id="a117381" style="position:absolute;left:612.4px;top:102.1px;">(43)</div><div id="a117383" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:102.9px;">$ </div><div id="a117385" style="position:absolute;left:681.04px;top:102.1px;">13,834</div><div id="a117387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2018 </div><div id="a117389" style="position:absolute;font-weight:normal;font-style:normal;left:202.373px;top:119.8px;">$ </div><div id="a117391" style="position:absolute;left:252.493px;top:119px;">7,401</div><div id="a117393" style="position:absolute;font-weight:normal;font-style:normal;left:288.493px;top:119.8px;">$ </div><div id="a117395" style="position:absolute;left:356.333px;top:119.8px;">—</div><div id="a117397" style="position:absolute;font-weight:normal;font-style:normal;left:375.533px;top:119.8px;">$ </div><div id="a117399" style="position:absolute;left:436.68px;top:119px;">650</div><div id="a117401" style="position:absolute;font-weight:normal;font-style:normal;left:462.44px;top:119.8px;">$ </div><div id="a117403" style="position:absolute;left:518.6px;top:119px;">(471)</div><div id="a117405" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:119.8px;">$ </div><div id="a117407" style="position:absolute;left:612.4px;top:119px;">(60)</div><div id="a117409" style="position:absolute;font-weight:normal;font-style:normal;left:636.56px;top:119.8px;">$ </div><div id="a117411" style="position:absolute;left:687.6px;top:119px;">7,520</div></div> 13834000 7148000 2738000 -2153000 -56000 21511000 7520000 13752000 832000 -8227000 -43000 13834000 7401000 0 650000 -471000 -60000 7520000 <div id="TextBlockContainer941" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117464" style="position:absolute;font-weight:bold;font-style:normal;left:358.253px;top:0px;">2020 </div><div id="a117467" style="position:absolute;font-weight:bold;font-style:normal;left:460.173px;top:0px;">2019 </div><div id="a117471" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Non-current deferred tax assets </div><div id="a117475" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17px;">$ </div><div id="a117477" style="position:absolute;left:376.013px;top:17px;">16,566</div><div id="a117480" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17px;">$ </div><div id="a117482" style="position:absolute;left:477.973px;top:17px;">14,745</div><div id="a117486" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Non-current deferred tax liabilities </div><div id="a117492" style="position:absolute;left:369.293px;top:34.1px;">192,763</div><div id="a117496" style="position:absolute;left:471.253px;top:34.1px;">211,094</div><div id="a117500" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52px;">Net deferred tax liability </div><div id="a117502" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52px;">$ </div><div id="a117504" style="position:absolute;left:364.493px;top:52px;">(176,197)</div><div id="a117507" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52px;">$ </div><div id="a117509" style="position:absolute;left:466.413px;top:52px;">(196,349)</div></div> 16566000 14745000 192763000 211094000 176197000 196349000 <div id="TextBlockContainer947" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:324px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117624" style="position:absolute;font-weight:bold;font-style:normal;left:466.12px;top:0px;">2020 </div><div id="a117628" style="position:absolute;font-weight:bold;font-style:normal;left:568.04px;top:0px;">2019 </div><div id="a117632" style="position:absolute;font-weight:bold;font-style:normal;left:670.16px;top:0px;">2018 </div><div id="a117634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Income tax provision at the Federal statutory tax rate </div><div id="a117636" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:17.8px;">$ </div><div id="a117638" style="position:absolute;left:484.52px;top:17.3px;">5,699</div><div id="a117641" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:17.8px;">$ </div><div id="a117643" style="position:absolute;left:586.48px;top:17.3px;">6,070</div><div id="a117646" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:17.8px;">$ </div><div id="a117648" style="position:absolute;left:682px;top:17.3px;">17,458</div><div id="a117650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Unremitted earnings </div><div id="a117653" style="position:absolute;left:479.72px;top:33.9px;">(2,308)</div><div id="a117657" style="position:absolute;left:581.68px;top:33.9px;">(4,383)</div><div id="a117661" style="position:absolute;left:688.56px;top:33.9px;">7,857</div><div id="a117663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Tax law changes<div style="display:inline-block;width:4.82px"> </div>/ reform </div><div id="a117666" style="position:absolute;left:479.72px;top:51px;">(1,059)</div><div id="a117670" style="position:absolute;left:591.6px;top:51px;">(416)</div><div id="a117674" style="position:absolute;left:683.76px;top:51px;">(3,118)</div><div id="a117676" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Sub part F / Global intangible low taxed income </div><div id="a117679" style="position:absolute;left:484.52px;top:68px;">5,140</div><div id="a117683" style="position:absolute;left:596.56px;top:68px;">574</div><div id="a117687" style="position:absolute;left:688.56px;top:68px;">2,095</div><div id="a117689" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Pension settlement </div><div id="a117692" style="position:absolute;left:479.72px;top:85px;">(2,247)</div><div id="a117696" style="position:absolute;left:603.28px;top:85px;">—</div><div id="a117700" style="position:absolute;left:705.36px;top:85px;">—</div><div id="a117702" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Foreign derived intangible income </div><div id="a117705" style="position:absolute;left:479.72px;top:101.9px;">(7,339)</div><div id="a117709" style="position:absolute;left:581.68px;top:101.9px;">(1,699)</div><div id="a117713" style="position:absolute;left:683.76px;top:101.9px;">(1,034)</div><div id="a117715" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Non-deductible acquisition expenses </div><div id="a117720" style="position:absolute;left:494.6px;top:119px;">131</div><div id="a117724" style="position:absolute;left:586.48px;top:119px;">1,743</div><div id="a117728" style="position:absolute;left:688.56px;top:119px;">1,019</div><div id="a117730" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Withholding taxes </div><div id="a117733" style="position:absolute;left:484.52px;top:136px;">7,809</div><div id="a117737" style="position:absolute;left:586.48px;top:136px;">8,621</div><div id="a117741" style="position:absolute;left:688.56px;top:136px;">1,161</div><div id="a117743" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Foreign tax credits </div><div id="a117746" style="position:absolute;left:479.72px;top:153px;">(4,699)</div><div id="a117750" style="position:absolute;left:581.68px;top:153px;">(3,787)</div><div id="a117754" style="position:absolute;left:683.76px;top:153px;">(1,911)</div><div id="a117756" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Share-based compensation </div><div id="a117761" style="position:absolute;left:494.6px;top:169.9px;">335</div><div id="a117765" style="position:absolute;left:591.6px;top:169.9px;">(540)</div><div id="a117769" style="position:absolute;left:698.64px;top:169.9px;">259</div><div id="a117771" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Foreign tax rate differential </div><div id="a117774" style="position:absolute;left:494.6px;top:187.1px;">596</div><div id="a117778" style="position:absolute;left:596.56px;top:187.1px;">920</div><div id="a117782" style="position:absolute;left:688.56px;top:187.1px;">1,081</div><div id="a117784" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Research and development credit </div><div id="a117787" style="position:absolute;left:489.64px;top:204px;">(475)</div><div id="a117791" style="position:absolute;left:591.6px;top:204px;">(306)</div><div id="a117795" style="position:absolute;left:693.68px;top:204px;">(230)</div><div id="a117797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221px;">Uncertain tax positions </div><div id="a117800" style="position:absolute;left:484.52px;top:221px;">1,990</div><div id="a117804" style="position:absolute;left:596.56px;top:221px;">899</div><div id="a117808" style="position:absolute;left:700.4px;top:221px;">(79)</div><div id="a117810" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">State income tax provisions, net </div><div id="a117813" style="position:absolute;left:479.72px;top:238px;">(2,245)</div><div id="a117817" style="position:absolute;left:591.6px;top:238px;">(117)</div><div id="a117821" style="position:absolute;left:698.64px;top:238px;">196</div><div id="a117823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Non-deductible meals and entertainment </div><div id="a117828" style="position:absolute;left:494.6px;top:255.1px;">290</div><div id="a117832" style="position:absolute;left:596.56px;top:255.1px;">318</div><div id="a117836" style="position:absolute;left:698.64px;top:255.1px;">415</div><div id="a117838" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:272px;">Intercompany transfer of intangible assets </div><div id="a117842" style="position:absolute;left:479.72px;top:272px;">(4,384)</div><div id="a117846" style="position:absolute;left:581.68px;top:272px;">(5,318)</div><div id="a117850" style="position:absolute;left:705.36px;top:272px;">—</div><div id="a117852" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289px;">Miscellaneous items, net </div><div id="a117855" style="position:absolute;left:479.72px;top:289px;">(2,530)</div><div id="a117859" style="position:absolute;left:591.6px;top:289px;">(495)</div><div id="a117863" style="position:absolute;left:693.68px;top:289px;">(119)</div><div id="a117865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:306.9px;">Taxes on income<div style="display:inline-block;width:4.77px"> </div>before equity in net income of associated companies </div><div id="a117867" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:307.9px;">$ </div><div id="a117869" style="position:absolute;left:479.72px;top:306.9px;">(5,296)</div><div id="a117872" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:307.9px;">$ </div><div id="a117874" style="position:absolute;left:586.48px;top:306.9px;">2,084</div><div id="a117877" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:307.9px;">$ </div><div id="a117879" style="position:absolute;left:682px;top:306.9px;">25,050</div></div> 5699000 6070000 17458000 2308000 4383000 7857000 -1059000 -416000 -3118000 5140000 574000 2095000 -2247000 0 0 -7339000 -1699000 -1034000 131000 1743000 1019000 7809000 8621000 1161000 4699000 3787000 1911000 335000 -540000 259000 596000 920000 1081000 475000 306000 230000 1990000 899000 -79000 -2245000 -117000 196000 290000 318000 415000 -4384000 -5318000 0 -2530000 -495000 -119000 -5296000 2084000 25050000 15500000 5900000 322600000 22200000 19100000 600000 200000 100000 <div id="TextBlockContainer955" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119036" style="position:absolute;font-weight:bold;font-style:normal;left:466.12px;top:0px;">2020 </div><div id="a119040" style="position:absolute;font-weight:bold;font-style:normal;left:568.04px;top:0px;">2019 </div><div id="a119044" style="position:absolute;font-weight:bold;font-style:normal;left:670.16px;top:0px;">2018 </div><div id="a119046" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.3px;">Unrecognized tax benefits as of January 1 </div><div id="a119048" style="position:absolute;font-weight:normal;font-style:normal;left:430.12px;top:17.3px;">$ </div><div id="a119050" style="position:absolute;left:477.96px;top:17.3px;">19,097</div><div id="a119053" style="position:absolute;font-weight:normal;font-style:normal;left:532.04px;top:17.3px;">$ </div><div id="a119055" style="position:absolute;left:586.48px;top:17.3px;">7,050</div><div id="a119058" style="position:absolute;font-weight:normal;font-style:normal;left:634.16px;top:17.3px;">$ </div><div id="a119060" style="position:absolute;left:688.56px;top:17.3px;">6,761</div><div id="a119063" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:33.9px;">Increase (decrease) in unrecognized tax benefits taken<div style="display:inline-block;width:4.74px"> </div>in prior periods </div><div id="a119067" style="position:absolute;left:484.52px;top:33.9px;">2,025</div><div id="a119071" style="position:absolute;left:598.32px;top:33.9px;">(28)</div><div id="a119075" style="position:absolute;left:693.68px;top:33.9px;">(183)</div><div id="a119078" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">Increase in unrecognized tax benefits taken in current period </div><div id="a119081" style="position:absolute;left:484.52px;top:51px;">3,095</div><div id="a119085" style="position:absolute;left:586.48px;top:51px;">1,935</div><div id="a119089" style="position:absolute;left:688.56px;top:51px;">2,023</div><div id="a119092" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68px;">Decrease in unrecognized tax benefits due to lapse of statute of<div style="display:inline-block;width:4.77px"> </div>limitations </div><div id="a119095" style="position:absolute;left:479.72px;top:68px;">(3,659)</div><div id="a119099" style="position:absolute;left:581.68px;top:68px;">(1,029)</div><div id="a119103" style="position:absolute;left:683.76px;top:68px;">(1,292)</div><div id="a119106" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85px;">Increase in unrecognized tax benefits due to acquisition </div><div id="a119110" style="position:absolute;left:494.6px;top:85px;">597</div><div id="a119114" style="position:absolute;left:579.92px;top:85px;">11,301</div><div id="a119118" style="position:absolute;left:705.36px;top:85px;">—</div><div id="a119121" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:101.9px;">Increase (decrease) due to foreign exchange rates </div><div id="a119124" style="position:absolute;left:494.6px;top:101.9px;">997</div><div id="a119128" style="position:absolute;left:591.6px;top:101.9px;">(132)</div><div id="a119132" style="position:absolute;left:693.68px;top:101.9px;">(259)</div><div id="a119134" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:119.8px;">Unrecognized tax benefits as of December<div style="display:inline-block;width:4.71px"> </div>31 </div><div id="a119136" style="position:absolute;font-weight:normal;font-style:normal;left:430.12px;top:119.8px;">$ </div><div id="a119138" style="position:absolute;left:477.96px;top:119.8px;">22,152</div><div id="a119141" style="position:absolute;font-weight:normal;font-style:normal;left:532.04px;top:119.8px;">$ </div><div id="a119143" style="position:absolute;left:579.92px;top:119.8px;">19,097</div><div id="a119146" style="position:absolute;font-weight:normal;font-style:normal;left:634.16px;top:119.8px;">$ </div><div id="a119148" style="position:absolute;left:688.56px;top:119.8px;">7,050</div></div> 19097000 7050000 6761000 2025000 28000 183000 3095000 1935000 2023000 3659000 1029000 1292000 597000 11301000 0 997000 132000 259000 22152000 19097000 7050000 14700000 13300000 2200000 2006 2011 2015 2015 2015 2016 2016 2016 2017 2017 2018 2011 900000 5800000 5800000 900000 800000 800000 800000 <div id="TextBlockContainer960" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:680px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120161" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 11 – Earnings Per Share </div><div id="a120173" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The following table summarizes earnings per share calculations<div style="display:inline-block;width:4.95px"> </div>for the years ended December 31, 2020, 2019 and 2018:</div></div><div id="TextBlockContainer964" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_962_XBRL_CS_886cd705baa342f9b195a10e75aedcb5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer963" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120213" style="position:absolute;font-weight:bold;font-style:normal;left:396.168px;top:0px;">2020 </div><div id="a120216" style="position:absolute;font-weight:bold;font-style:normal;left:498.088px;top:0px;">2019 </div><div id="a120219" style="position:absolute;font-weight:bold;font-style:normal;left:600.208px;top:0px;">2018 </div><div id="a120223" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.8px;">Basic earnings per common share </div><div id="a120226" style="position:absolute;font-weight:normal;font-style:normal;left:376.488px;top:17.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a120233" style="position:absolute;font-weight:normal;font-style:normal;left:580.528px;top:17.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a120238" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:34.7px;">Net income attributable to Quaker Chemical Corporation </div><div id="a120240" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120242" style="position:absolute;left:413.928px;top:34.7px;">39,658</div><div id="a120245" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120247" style="position:absolute;left:515.888px;top:34.7px;">31,622</div><div id="a120250" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120252" style="position:absolute;left:617.968px;top:34.7px;">59,473</div><div id="a120257" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51.8px;">Less: income allocated to participating securities </div><div id="a120260" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120262" style="position:absolute;left:425.608px;top:51.8px;">(148)</div><div id="a120265" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120267" style="position:absolute;left:534.288px;top:51.8px;">(90)</div><div id="a120270" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120272" style="position:absolute;left:629.648px;top:51.8px;">(253)</div><div id="a120277" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68.8px;">Net income available to common shareholders </div><div id="a120279" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:68.8px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120281" style="position:absolute;left:413.928px;top:68.8px;">39,510</div><div id="a120284" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:68.8px;">$ </div><div id="a120286" style="position:absolute;left:515.888px;top:68.8px;">31,532</div><div id="a120289" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:68.8px;">$ </div><div id="a120291" style="position:absolute;left:617.968px;top:68.8px;">59,220</div><div id="a120296" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.8px;">Basic weighted average common shares outstanding </div><div id="a120299" style="position:absolute;left:391.688px;top:85.8px;">17,719,792</div><div id="a120303" style="position:absolute;left:493.608px;top:85.8px;">15,126,928</div><div id="a120307" style="position:absolute;left:595.728px;top:85.8px;">13,268,047</div><div id="a120311" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.7px;">Basic earnings per common share </div><div id="a120313" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:102.7px;">$ </div><div id="a120315" style="position:absolute;left:428.328px;top:102.7px;">2.23</div><div id="a120318" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:102.7px;">$ </div><div id="a120320" style="position:absolute;left:530.288px;top:102.7px;">2.08</div><div id="a120323" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:102.7px;">$ </div><div id="a120325" style="position:absolute;left:632.368px;top:102.7px;">4.46</div><div id="a120341" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:136.8px;">Diluted earnings per common share </div><div id="a120354" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:153.8px;">Net income attributable to Quaker Chemical Corporation </div><div id="a120356" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:153.8px;">$ </div><div id="a120358" style="position:absolute;left:413.928px;top:153.8px;">39,658</div><div id="a120361" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:153.8px;">$ </div><div id="a120363" style="position:absolute;left:515.888px;top:153.8px;">31,622</div><div id="a120366" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:153.8px;">$ </div><div id="a120368" style="position:absolute;left:617.968px;top:153.8px;">59,473</div><div id="a120373" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:170.7px;">Less: income allocated to participating securities </div><div id="a120376" style="position:absolute;left:425.608px;top:170.7px;">(148)</div><div id="a120380" style="position:absolute;left:534.288px;top:170.7px;">(90)</div><div id="a120384" style="position:absolute;left:629.648px;top:170.7px;">(252)</div><div id="a120389" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:187.9px;">Net income available to common shareholders </div><div id="a120392" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:187.9px;">$ </div><div id="a120394" style="position:absolute;left:413.928px;top:187.9px;">39,510</div><div id="a120397" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:187.9px;">$ </div><div id="a120399" style="position:absolute;left:515.888px;top:187.9px;">31,532</div><div id="a120402" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:187.9px;">$ </div><div id="a120404" style="position:absolute;left:617.968px;top:187.9px;">59,221</div><div id="a120409" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Basic weighted average common shares outstanding </div><div id="a120412" style="position:absolute;left:391.688px;top:204.8px;">17,719,792</div><div id="a120416" style="position:absolute;left:493.608px;top:204.8px;">15,126,928</div><div id="a120420" style="position:absolute;left:595.728px;top:204.8px;">13,268,047</div><div id="a120425" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:221px;">Effect of dilutive securities </div><div id="a120428" style="position:absolute;left:413.928px;top:221px;">31,087</div><div id="a120432" style="position:absolute;left:515.888px;top:221px;">36,243</div><div id="a120436" style="position:absolute;left:617.968px;top:221px;">36,685</div><div id="a120441" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.3px;">Diluted weighted<div style="display:inline-block;width:3.84px"> </div>average common shares outstanding </div><div id="a120445" style="position:absolute;left:391.688px;top:238.3px;">17,750,879</div><div id="a120449" style="position:absolute;left:493.608px;top:238.3px;">15,163,171</div><div id="a120453" style="position:absolute;left:595.728px;top:238.3px;">13,304,732</div><div id="a120457" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:255.9px;">Diluted earnings per common share </div><div id="a120459" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:255.9px;">$ </div><div id="a120461" style="position:absolute;left:428.328px;top:255.9px;">2.22</div><div id="a120464" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:255.9px;">$ </div><div id="a120466" style="position:absolute;left:530.288px;top:255.9px;">2.08</div><div id="a120469" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:255.9px;">$ </div><div id="a120471" style="position:absolute;left:632.368px;top:255.9px;">4.45</div></div></div></div><div id="TextBlockContainer966" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120474" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s calculation<div style="display:inline-block;width:4.87px"> </div>of earnings per diluted share attributable to Quaker Chemical Corporation<div style="display:inline-block;width:4.97px"> </div>common shareholders for </div><div id="a120506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the year ended December 31, 2019 was impacted by the<div style="display:inline-block;width:4.78px"> </div>variability of its reported earnings during the year and the approximately </div><div id="a120506_128_3" style="position:absolute;left:697.84px;top:15.4px;">4.3</div><div id="a120506_131_1" style="position:absolute;font-weight:normal;font-style:normal;left:714.48px;top:15.4px;"> </div><div id="a120550" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">million shares issued as a component of the consideration transferred<div style="display:inline-block;width:4.97px"> </div>in the Combination, comprising </div><div id="a120550_101_4" style="position:absolute;left:549.32px;top:30.7px;">24.5</div><div id="a120550_105_25" style="position:absolute;font-weight:normal;font-style:normal;left:572.68px;top:30.7px;">% of the common stock of </div><div id="a120590" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">the Company immediately after the closing.<div style="display:inline-block;width:7.79px"> </div>Certain stock options and restricted stock units are not included<div style="display:inline-block;width:4.85px"> </div>in the diluted earnings </div><div id="a120631" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">per share calculation because the effect would<div style="display:inline-block;width:4.77px"> </div>have been anti-dilutive.<div style="display:inline-block;width:7.15px"> </div>The calculated amount of anti-diluted shares not included were </div><div id="a120673" style="position:absolute;left:4.427px;top:76.6px;-sec-ix-hidden:ID_613;">945</div><div id="a120673_3_10" style="position:absolute;font-weight:normal;font-style:normal;left:24.587px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>in 2020, </div><div id="a120673_13_3" style="position:absolute;left:75.018px;top:76.6px;-sec-ix-hidden:ID_78;">108</div><div id="a120673_16_13" style="position:absolute;font-weight:normal;font-style:normal;left:95.013px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>in 2019 and </div><div id="a120673_29_5" style="position:absolute;left:164.453px;top:76.6px;-sec-ix-hidden:ID_88;">1,808</div><div id="a120673_34_9" style="position:absolute;font-weight:normal;font-style:normal;left:194.533px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>in 2018.</div></div> <div id="TextBlockContainer963" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120213" style="position:absolute;font-weight:bold;font-style:normal;left:396.168px;top:0px;">2020 </div><div id="a120216" style="position:absolute;font-weight:bold;font-style:normal;left:498.088px;top:0px;">2019 </div><div id="a120219" style="position:absolute;font-weight:bold;font-style:normal;left:600.208px;top:0px;">2018 </div><div id="a120223" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.8px;">Basic earnings per common share </div><div id="a120226" style="position:absolute;font-weight:normal;font-style:normal;left:376.488px;top:17.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a120233" style="position:absolute;font-weight:normal;font-style:normal;left:580.528px;top:17.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a120238" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:34.7px;">Net income attributable to Quaker Chemical Corporation </div><div id="a120240" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120242" style="position:absolute;left:413.928px;top:34.7px;">39,658</div><div id="a120245" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120247" style="position:absolute;left:515.888px;top:34.7px;">31,622</div><div id="a120250" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:34.7px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120252" style="position:absolute;left:617.968px;top:34.7px;">59,473</div><div id="a120257" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51.8px;">Less: income allocated to participating securities </div><div id="a120260" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120262" style="position:absolute;left:425.608px;top:51.8px;">(148)</div><div id="a120265" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120267" style="position:absolute;left:534.288px;top:51.8px;">(90)</div><div id="a120270" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:51.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a120272" style="position:absolute;left:629.648px;top:51.8px;">(253)</div><div id="a120277" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68.8px;">Net income available to common shareholders </div><div id="a120279" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:68.8px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a120281" style="position:absolute;left:413.928px;top:68.8px;">39,510</div><div id="a120284" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:68.8px;">$ </div><div id="a120286" style="position:absolute;left:515.888px;top:68.8px;">31,532</div><div id="a120289" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:68.8px;">$ </div><div id="a120291" style="position:absolute;left:617.968px;top:68.8px;">59,220</div><div id="a120296" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.8px;">Basic weighted average common shares outstanding </div><div id="a120299" style="position:absolute;left:391.688px;top:85.8px;">17,719,792</div><div id="a120303" style="position:absolute;left:493.608px;top:85.8px;">15,126,928</div><div id="a120307" style="position:absolute;left:595.728px;top:85.8px;">13,268,047</div><div id="a120311" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:102.7px;">Basic earnings per common share </div><div id="a120313" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:102.7px;">$ </div><div id="a120315" style="position:absolute;left:428.328px;top:102.7px;">2.23</div><div id="a120318" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:102.7px;">$ </div><div id="a120320" style="position:absolute;left:530.288px;top:102.7px;">2.08</div><div id="a120323" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:102.7px;">$ </div><div id="a120325" style="position:absolute;left:632.368px;top:102.7px;">4.46</div><div id="a120341" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:136.8px;">Diluted earnings per common share </div><div id="a120354" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:153.8px;">Net income attributable to Quaker Chemical Corporation </div><div id="a120356" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:153.8px;">$ </div><div id="a120358" style="position:absolute;left:413.928px;top:153.8px;">39,658</div><div id="a120361" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:153.8px;">$ </div><div id="a120363" style="position:absolute;left:515.888px;top:153.8px;">31,622</div><div id="a120366" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:153.8px;">$ </div><div id="a120368" style="position:absolute;left:617.968px;top:153.8px;">59,473</div><div id="a120373" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:170.7px;">Less: income allocated to participating securities </div><div id="a120376" style="position:absolute;left:425.608px;top:170.7px;">(148)</div><div id="a120380" style="position:absolute;left:534.288px;top:170.7px;">(90)</div><div id="a120384" style="position:absolute;left:629.648px;top:170.7px;">(252)</div><div id="a120389" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:187.9px;">Net income available to common shareholders </div><div id="a120392" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:187.9px;">$ </div><div id="a120394" style="position:absolute;left:413.928px;top:187.9px;">39,510</div><div id="a120397" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:187.9px;">$ </div><div id="a120399" style="position:absolute;left:515.888px;top:187.9px;">31,532</div><div id="a120402" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:187.9px;">$ </div><div id="a120404" style="position:absolute;left:617.968px;top:187.9px;">59,221</div><div id="a120409" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Basic weighted average common shares outstanding </div><div id="a120412" style="position:absolute;left:391.688px;top:204.8px;">17,719,792</div><div id="a120416" style="position:absolute;left:493.608px;top:204.8px;">15,126,928</div><div id="a120420" style="position:absolute;left:595.728px;top:204.8px;">13,268,047</div><div id="a120425" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:221px;">Effect of dilutive securities </div><div id="a120428" style="position:absolute;left:413.928px;top:221px;">31,087</div><div id="a120432" style="position:absolute;left:515.888px;top:221px;">36,243</div><div id="a120436" style="position:absolute;left:617.968px;top:221px;">36,685</div><div id="a120441" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.3px;">Diluted weighted<div style="display:inline-block;width:3.84px"> </div>average common shares outstanding </div><div id="a120445" style="position:absolute;left:391.688px;top:238.3px;">17,750,879</div><div id="a120449" style="position:absolute;left:493.608px;top:238.3px;">15,163,171</div><div id="a120453" style="position:absolute;left:595.728px;top:238.3px;">13,304,732</div><div id="a120457" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:255.9px;">Diluted earnings per common share </div><div id="a120459" style="position:absolute;font-weight:normal;font-style:normal;left:364.488px;top:255.9px;">$ </div><div id="a120461" style="position:absolute;left:428.328px;top:255.9px;">2.22</div><div id="a120464" style="position:absolute;font-weight:normal;font-style:normal;left:466.408px;top:255.9px;">$ </div><div id="a120466" style="position:absolute;left:530.288px;top:255.9px;">2.08</div><div id="a120469" style="position:absolute;font-weight:normal;font-style:normal;left:568.528px;top:255.9px;">$ </div><div id="a120471" style="position:absolute;left:632.368px;top:255.9px;">4.45</div></div> 39658000 31622000 59473000 148000 90000 253000 39510000 31532000 59220000 17719792 15126928 13268047 2.23 2.08 4.46 39658000 31622000 59473000 148000 90000 252000 39510000 31532000 59221000 17719792 15126928 13268047 31087 36243 36685 17750879 15163171 13304732 2.22 2.08 4.45 4300000 0.245 <div id="TextBlockContainer968" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:216px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120693" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 12 – Restricted Cash </div><div id="a120703" style="position:absolute;left:28.427px;top:23.4px;">Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary </div><div id="a120745" style="position:absolute;left:4.427px;top:38.7px;">of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an </div><div id="a120783" style="position:absolute;left:4.427px;top:54.1px;">original total value of $35.0 million.</div><div id="a120783_38_98" style="position:absolute;font-weight:normal;font-style:normal;left:198.213px;top:54.1px;"><div style="display:inline-block;width:6.72px"> </div>The proceeds of both settlements were restricted and could<div style="display:inline-block;width:4.8px"> </div>only be used to pay claims and costs </div><div id="a120829" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">of defense associated with the subsidiary’s<div style="display:inline-block;width:5.2px"> </div>asbestos litigation.</div><div id="a120844" style="position:absolute;font-size:16px;font-weight:normal;font-style:normal;left:334.893px;top:66.8px;"><div style="display:inline-block;width:4px"> </div></div><div id="a120845" style="position:absolute;font-weight:normal;font-style:normal;left:342.893px;top:69.3px;">The proceeds of the settlement and release agreements<div style="display:inline-block;width:4.7px"> </div>were deposited </div><div id="a120865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">into interest bearing accounts which earned less then $</div><div id="a120865_55_3" style="position:absolute;left:295.693px;top:84.7px;">0.1</div><div id="a120865_58_14" style="position:absolute;font-weight:normal;font-style:normal;left:312.333px;top:84.7px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a120865_72_3" style="position:absolute;left:386.733px;top:84.7px;">0.2</div><div id="a120865_75_56" style="position:absolute;font-weight:normal;font-style:normal;left:403.56px;top:84.7px;"><div style="display:inline-block;width:3.2px"> </div>million in the years ended December 31, 2020 and 2019, </div><div id="a120913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">respectively, offset<div style="display:inline-block;width:4.9px"> </div>by $</div><div id="a120913_25_3" style="position:absolute;left:132.613px;top:100px;">1.0</div><div id="a120913_28_14" style="position:absolute;font-weight:normal;font-style:normal;left:149.413px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a120913_42_3" style="position:absolute;left:223.853px;top:100px;">0.8</div><div id="a120913_45_91" style="position:absolute;font-weight:normal;font-style:normal;left:240.493px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million of net payments during 2020 and 2019, respectively.<div style="display:inline-block;width:9.02px"> </div>Due to the restricted nature </div><div id="a120964" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">of the proceeds, a corresponding deferred credit was established<div style="display:inline-block;width:5px"> </div>in other non-current liabilities for an equal and offsetting<div style="display:inline-block;width:4.79px"> </div>amount.<div style="display:inline-block;width:6.77px"> </div></div><div id="a121006" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:138.7px;">During December 2020, the restrictions ended on these<div style="display:inline-block;width:4.7px"> </div>previously received insurance settlements and the<div style="display:inline-block;width:4.73px"> </div>Company transferred </div><div id="a121039" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.9px;">the cash into an operating account.<div style="display:inline-block;width:7.49px"> </div>In connection with the termination in restrictions, the Company<div style="display:inline-block;width:4.85px"> </div>recognized an $</div><div id="a121039_116_4" style="position:absolute;left:622.959px;top:153.9px;">18.1</div><div id="a121039_120_14" style="position:absolute;font-weight:normal;font-style:normal;left:646.159px;top:153.9px;"><div style="display:inline-block;width:3.36px"> </div>million gain </div><div id="a121080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">on its Consolidated Statement of Income in Other expense,<div style="display:inline-block;width:4.87px"> </div>net, for the amount of previously restricted cash, net of the<div style="display:inline-block;width:4.82px"> </div>estimated </div><div id="a121123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.7px;">liability to pay claims and associated with the inactive<div style="display:inline-block;width:4.73px"> </div>subsidiary’s asbestos litigation as of<div style="display:inline-block;width:4.8px"> </div>December 31, 2020.<div style="display:inline-block;width:7.24px"> </div>See Notes 18, 22 and </div><div id="a121168" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">26 of Notes to Consolidated Financial Statements.</div></div><div id="TextBlockContainer970" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121182" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following table provides a reconciliation of cash,<div style="display:inline-block;width:4.76px"> </div>cash equivalents and restricted cash as December 31, 2020, 2019,<div style="display:inline-block;width:4.59px"> </div>2018 and </div><div id="a121222" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">2017:</div></div><div id="TextBlockContainer974" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_972_XBRL_TS_a498fb8d575849fbbcd4c3b1f1369f19" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer973" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121225" style="position:absolute;font-weight:bold;font-style:normal;left:358.093px;top:0px;">2020 </div><div id="a121228" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:0px;">2019 </div><div id="a121231" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:0px;">2018 </div><div id="a121234" style="position:absolute;font-weight:bold;font-style:normal;left:664.24px;top:0px;">2017 </div><div id="a121236" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Cash and cash equivalents </div><div id="a121238" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:17px;">$ </div><div id="a121240" style="position:absolute;left:369.133px;top:17px;">181,833</div><div id="a121243" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:17px;">$ </div><div id="a121245" style="position:absolute;left:471.24px;top:17px;">123,524</div><div id="a121248" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:17px;">$ </div><div id="a121250" style="position:absolute;left:573.2px;top:17px;">104,147</div><div id="a121253" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:17px;">$ </div><div id="a121255" style="position:absolute;left:682px;top:17px;">89,879</div><div id="a121257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Restricted cash included in other current assets </div><div id="a121260" style="position:absolute;left:399.24px;top:33.9px;">62</div><div id="a121264" style="position:absolute;left:494.6px;top:33.9px;">353</div><div id="a121268" style="position:absolute;left:603.28px;top:33.9px;">—</div><div id="a121272" style="position:absolute;left:705.36px;top:33.9px;">—</div><div id="a121274" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Restricted cash included in other assets </div><div id="a121277" style="position:absolute;left:399.24px;top:51px;">—</div><div id="a121281" style="position:absolute;left:477.96px;top:51px;">19,678</div><div id="a121285" style="position:absolute;left:579.92px;top:51px;">20,278</div><div id="a121289" style="position:absolute;left:682px;top:51px;">21,171</div><div id="a121291" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69px;">Cash, cash equivalents and restricted cash </div><div id="a121293" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:69px;">$ </div><div id="a121295" style="position:absolute;left:369.133px;top:69px;">181,895</div><div id="a121298" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:69px;">$ </div><div id="a121300" style="position:absolute;left:471.24px;top:69px;">143,555</div><div id="a121303" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:69px;">$ </div><div id="a121305" style="position:absolute;left:573.2px;top:69px;">124,425</div><div id="a121308" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:69px;">$ </div><div id="a121310" style="position:absolute;left:675.28px;top:69px;">111,050</div></div></div></div> Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an original total value of $35.0 million. 100000 200000 1000000.0 800000 18100000 <div id="TextBlockContainer973" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121225" style="position:absolute;font-weight:bold;font-style:normal;left:358.093px;top:0px;">2020 </div><div id="a121228" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:0px;">2019 </div><div id="a121231" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:0px;">2018 </div><div id="a121234" style="position:absolute;font-weight:bold;font-style:normal;left:664.24px;top:0px;">2017 </div><div id="a121236" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17px;">Cash and cash equivalents </div><div id="a121238" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:17px;">$ </div><div id="a121240" style="position:absolute;left:369.133px;top:17px;">181,833</div><div id="a121243" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:17px;">$ </div><div id="a121245" style="position:absolute;left:471.24px;top:17px;">123,524</div><div id="a121248" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:17px;">$ </div><div id="a121250" style="position:absolute;left:573.2px;top:17px;">104,147</div><div id="a121253" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:17px;">$ </div><div id="a121255" style="position:absolute;left:682px;top:17px;">89,879</div><div id="a121257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Restricted cash included in other current assets </div><div id="a121260" style="position:absolute;left:399.24px;top:33.9px;">62</div><div id="a121264" style="position:absolute;left:494.6px;top:33.9px;">353</div><div id="a121268" style="position:absolute;left:603.28px;top:33.9px;">—</div><div id="a121272" style="position:absolute;left:705.36px;top:33.9px;">—</div><div id="a121274" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Restricted cash included in other assets </div><div id="a121277" style="position:absolute;left:399.24px;top:51px;">—</div><div id="a121281" style="position:absolute;left:477.96px;top:51px;">19,678</div><div id="a121285" style="position:absolute;left:579.92px;top:51px;">20,278</div><div id="a121289" style="position:absolute;left:682px;top:51px;">21,171</div><div id="a121291" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69px;">Cash, cash equivalents and restricted cash </div><div id="a121293" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:69px;">$ </div><div id="a121295" style="position:absolute;left:369.133px;top:69px;">181,895</div><div id="a121298" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:69px;">$ </div><div id="a121300" style="position:absolute;left:471.24px;top:69px;">143,555</div><div id="a121303" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:69px;">$ </div><div id="a121305" style="position:absolute;left:573.2px;top:69px;">124,425</div><div id="a121308" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:69px;">$ </div><div id="a121310" style="position:absolute;left:675.28px;top:69px;">111,050</div></div> 181833000 123524000 104147000 89879000 62000 353000 0 0 0 19678000 20278000 21171000 181895000 143555000 124425000 111050000 <div id="TextBlockContainer978" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:208px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121362" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 13 – Accounts Receivable and Allowance for Doubtful Accounts </div><div id="a121382" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As of December 31, 2020 and 2019, the Company<div style="display:inline-block;width:4.73px"> </div>had gross trade accounts receivable totaling </div><div id="a121382_91_6" style="position:absolute;left:536.359px;top:23.4px;-sec-ix-hidden:ID_614;">$386.1</div><div id="a121382_97_13" style="position:absolute;font-weight:normal;font-style:normal;left:573.039px;top:23.4px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a121382_110_6" style="position:absolute;left:640.879px;top:23.4px;-sec-ix-hidden:ID_95;">$387.7</div><div id="a121382_116_10" style="position:absolute;font-weight:normal;font-style:normal;left:677.359px;top:23.4px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a121424" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">respectively.<div style="display:inline-block;width:7.82px"> </div></div><div id="div_976_XBRL_TS_2ea7a9353ec743faa1b49a261dc9a589" style="position:absolute;left:0px;top:62.1px;float:left;"><div id="TextBlockContainer977" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:123px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121428" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes an allowance for credit losses, which<div style="display:inline-block;width:4.86px"> </div>represents the portion of the receivable that the Company does<div style="display:inline-block;width:4.77px"> </div>not </div><div id="a121470" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">expect to collect over its contractual life, considering<div style="display:inline-block;width:4.75px"> </div>past events and reasonable and supportable forecasts of<div style="display:inline-block;width:4.73px"> </div>future economic </div><div id="a121506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">conditions.<div style="display:inline-block;width:7.14px"> </div>The Company estimates credit losses for trade receivables by<div style="display:inline-block;width:4.73px"> </div>aggregating similar customer types, because they tend to </div><div id="a121542" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">share similar credit risk characteristics.<div style="display:inline-block;width:7.51px"> </div>The Company’s allowance<div style="display:inline-block;width:4.79px"> </div>for credit losses on its trade accounts receivable is based on </div><div id="a121581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">specific collectability facts and circumstances for each<div style="display:inline-block;width:4.82px"> </div>outstanding receivable and customer, the<div style="display:inline-block;width:4.8px"> </div>aging of outstanding receivables, and </div><div id="a121615" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">the associated collection risk the Company estimates for certain<div style="display:inline-block;width:4.74px"> </div>past due aging categories, and also, the general risk to all outstanding </div><div id="a121657" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">accounts receivable based on historical amounts determined to<div style="display:inline-block;width:4.77px"> </div>be uncollectible.<div style="display:inline-block;width:7.15px"> </div>Trade and other receivables are written off<div style="display:inline-block;width:5.09px"> </div>when </div><div id="a121693" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">there is no reasonable expectation of recovery.</div></div></div><div id="a121693_47_3" style="position:absolute;font-weight:normal;font-style:normal;left:253.133px;top:169.4px;"><div style="display:inline-block;width:6.56px"> </div></div><div id="a121709" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:192.6px;">The following are changes in the allowance for doubtful<div style="display:inline-block;width:4.73px"> </div>accounts during the years ended December 31, 2020, 2019 and 2018:</div></div><div id="TextBlockContainer981" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121762" style="position:absolute;font-weight:bold;font-style:normal;left:532.68px;top:0px;">Exchange Rate </div><div id="a121769" style="position:absolute;font-weight:bold;font-style:normal;left:239.693px;top:17px;">Balance at </div><div id="a121772" style="position:absolute;font-weight:bold;font-style:normal;left:346.893px;top:17px;">Changes </div><div id="a121775" style="position:absolute;font-weight:bold;font-style:normal;left:442.44px;top:17px;">Write-Offs </div><div id="a121780" style="position:absolute;font-weight:bold;font-style:normal;left:550.92px;top:17px;">Changes </div><div id="a121783" style="position:absolute;font-weight:bold;font-style:normal;left:654.96px;top:17px;">Balance<div style="display:inline-block;width:3.48px"> </div></div><div id="a121787" style="position:absolute;font-weight:bold;font-style:normal;left:240.653px;top:34.1px;">Beginning </div><div id="a121790" style="position:absolute;font-weight:bold;font-style:normal;left:336.173px;top:34.1px;">to Costs and </div><div id="a121793" style="position:absolute;font-weight:bold;font-style:normal;left:441.48px;top:34.1px;">Charged to </div><div id="a121796" style="position:absolute;font-weight:bold;font-style:normal;left:545.96px;top:34.1px;">and Other </div><div id="a121799" style="position:absolute;font-weight:bold;font-style:normal;left:658.48px;top:34.1px;">at End </div><div id="a121803" style="position:absolute;font-weight:bold;font-style:normal;left:243.373px;top:51px;">of Period </div><div id="a121806" style="position:absolute;font-weight:bold;font-style:normal;left:345.133px;top:51px;">Expenses </div><div id="a121809" style="position:absolute;font-weight:bold;font-style:normal;left:443.88px;top:51px;">Allowance </div><div id="a121812" style="position:absolute;font-weight:bold;font-style:normal;left:539.08px;top:51px;">Adjustments </div><div id="a121815" style="position:absolute;font-weight:bold;font-style:normal;left:651.44px;top:51px;">of Period </div><div id="a121817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.3px;">Allowance for Doubtful Accounts </div><div id="a121833" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2020 </div><div id="a121835" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:85.9px;">$ </div><div id="a121837" style="position:absolute;left:273.933px;top:85px;">11,716</div><div id="a121840" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:85.9px;">$ </div><div id="a121842" style="position:absolute;left:382.413px;top:85px;">3,582</div><div id="a121845" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85.9px;">$ </div><div id="a121847" style="position:absolute;left:479.72px;top:85px;">(2,187)</div><div id="a121850" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:85.9px;">$ </div><div id="a121852" style="position:absolute;left:603.28px;top:85px;">34</div><div id="a121855" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:85.9px;">$ </div><div id="a121857" style="position:absolute;left:682px;top:85px;">13,145</div><div id="a121859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2019 </div><div id="a121861" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:102.9px;">$ </div><div id="a121863" style="position:absolute;left:280.493px;top:102.1px;">5,187</div><div id="a121866" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:102.9px;">$ </div><div id="a121868" style="position:absolute;left:382.413px;top:102.1px;">1,925</div><div id="a121871" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:102.9px;">$ </div><div id="a121873" style="position:absolute;left:489.64px;top:102.1px;">(322)</div><div id="a121876" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:102.9px;">$ </div><div id="a121878" style="position:absolute;left:586.48px;top:102.1px;">4,926</div><div id="a121881" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:102.9px;">$ </div><div id="a121883" style="position:absolute;left:682px;top:102.1px;">11,716</div><div id="a121885" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2018 </div><div id="a121887" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:119.8px;">$ </div><div id="a121889" style="position:absolute;left:280.493px;top:119px;">5,457</div><div id="a121892" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:119.8px;">$ </div><div id="a121894" style="position:absolute;left:392.52px;top:119px;">493</div><div id="a121897" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:119.8px;">$ </div><div id="a121899" style="position:absolute;left:489.64px;top:119px;">(295)</div><div id="a121902" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:119.8px;">$ </div><div id="a121904" style="position:absolute;left:591.6px;top:119px;">(468)</div><div id="a121907" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:119.8px;">$ </div><div id="a121909" style="position:absolute;left:688.56px;top:119px;">5,187</div></div><div id="TextBlockContainer984" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121911" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Included in exchange rate changes and other adjustments for<div style="display:inline-block;width:4.76px"> </div>the year ended December 31, 2019 are the allowance for<div style="display:inline-block;width:4.74px"> </div>doubtful </div><div id="a121951" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">accounts of $</div><div id="a121951_13_3" style="position:absolute;left:75.658px;top:15.4px;">5.0</div><div id="a121951_16_113" style="position:absolute;font-weight:normal;font-style:normal;left:92.293px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million related to the acquired receivables in connection with<div style="display:inline-block;width:4.74px"> </div>the Combination and Norman Hay acquisition.<div style="display:inline-block;width:7.62px"> </div>See </div><div id="a121990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Note 2 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:8.02px"> </div>Included in exchange rate changes and other adjustments for<div style="display:inline-block;width:4.76px"> </div>the year ended </div><div id="a122030" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">December 31, 2018 is a reclassification of $</div><div id="a122030_44_3" style="position:absolute;left:239.373px;top:46.1px;">0.3</div><div id="a122030_47_89" style="position:absolute;font-weight:normal;font-style:normal;left:256.013px;top:46.1px;"><div style="display:inline-block;width:3.36px"> </div>million to other assets related to certain customer receivables due<div style="display:inline-block;width:4.75px"> </div>greater than a year.</div></div> <div id="TextBlockContainer977" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:123px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121428" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes an allowance for credit losses, which<div style="display:inline-block;width:4.86px"> </div>represents the portion of the receivable that the Company does<div style="display:inline-block;width:4.77px"> </div>not </div><div id="a121470" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">expect to collect over its contractual life, considering<div style="display:inline-block;width:4.75px"> </div>past events and reasonable and supportable forecasts of<div style="display:inline-block;width:4.73px"> </div>future economic </div><div id="a121506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">conditions.<div style="display:inline-block;width:7.14px"> </div>The Company estimates credit losses for trade receivables by<div style="display:inline-block;width:4.73px"> </div>aggregating similar customer types, because they tend to </div><div id="a121542" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">share similar credit risk characteristics.<div style="display:inline-block;width:7.51px"> </div>The Company’s allowance<div style="display:inline-block;width:4.79px"> </div>for credit losses on its trade accounts receivable is based on </div><div id="a121581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">specific collectability facts and circumstances for each<div style="display:inline-block;width:4.82px"> </div>outstanding receivable and customer, the<div style="display:inline-block;width:4.8px"> </div>aging of outstanding receivables, and </div><div id="a121615" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">the associated collection risk the Company estimates for certain<div style="display:inline-block;width:4.74px"> </div>past due aging categories, and also, the general risk to all outstanding </div><div id="a121657" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">accounts receivable based on historical amounts determined to<div style="display:inline-block;width:4.77px"> </div>be uncollectible.<div style="display:inline-block;width:7.15px"> </div>Trade and other receivables are written off<div style="display:inline-block;width:5.09px"> </div>when </div><div id="a121693" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">there is no reasonable expectation of recovery.</div></div> <div id="TextBlockContainer982" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_980_XBRL_TS_325228372bcc413b80b0071dcb79af19" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer981" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121762" style="position:absolute;font-weight:bold;font-style:normal;left:532.68px;top:0px;">Exchange Rate </div><div id="a121769" style="position:absolute;font-weight:bold;font-style:normal;left:239.693px;top:17px;">Balance at </div><div id="a121772" style="position:absolute;font-weight:bold;font-style:normal;left:346.893px;top:17px;">Changes </div><div id="a121775" style="position:absolute;font-weight:bold;font-style:normal;left:442.44px;top:17px;">Write-Offs </div><div id="a121780" style="position:absolute;font-weight:bold;font-style:normal;left:550.92px;top:17px;">Changes </div><div id="a121783" style="position:absolute;font-weight:bold;font-style:normal;left:654.96px;top:17px;">Balance<div style="display:inline-block;width:3.48px"> </div></div><div id="a121787" style="position:absolute;font-weight:bold;font-style:normal;left:240.653px;top:34.1px;">Beginning </div><div id="a121790" style="position:absolute;font-weight:bold;font-style:normal;left:336.173px;top:34.1px;">to Costs and </div><div id="a121793" style="position:absolute;font-weight:bold;font-style:normal;left:441.48px;top:34.1px;">Charged to </div><div id="a121796" style="position:absolute;font-weight:bold;font-style:normal;left:545.96px;top:34.1px;">and Other </div><div id="a121799" style="position:absolute;font-weight:bold;font-style:normal;left:658.48px;top:34.1px;">at End </div><div id="a121803" style="position:absolute;font-weight:bold;font-style:normal;left:243.373px;top:51px;">of Period </div><div id="a121806" style="position:absolute;font-weight:bold;font-style:normal;left:345.133px;top:51px;">Expenses </div><div id="a121809" style="position:absolute;font-weight:bold;font-style:normal;left:443.88px;top:51px;">Allowance </div><div id="a121812" style="position:absolute;font-weight:bold;font-style:normal;left:539.08px;top:51px;">Adjustments </div><div id="a121815" style="position:absolute;font-weight:bold;font-style:normal;left:651.44px;top:51px;">of Period </div><div id="a121817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.3px;">Allowance for Doubtful Accounts </div><div id="a121833" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2020 </div><div id="a121835" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:85.9px;">$ </div><div id="a121837" style="position:absolute;left:273.933px;top:85px;">11,716</div><div id="a121840" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:85.9px;">$ </div><div id="a121842" style="position:absolute;left:382.413px;top:85px;">3,582</div><div id="a121845" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85.9px;">$ </div><div id="a121847" style="position:absolute;left:479.72px;top:85px;">(2,187)</div><div id="a121850" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:85.9px;">$ </div><div id="a121852" style="position:absolute;left:603.28px;top:85px;">34</div><div id="a121855" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:85.9px;">$ </div><div id="a121857" style="position:absolute;left:682px;top:85px;">13,145</div><div id="a121859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2019 </div><div id="a121861" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:102.9px;">$ </div><div id="a121863" style="position:absolute;left:280.493px;top:102.1px;">5,187</div><div id="a121866" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:102.9px;">$ </div><div id="a121868" style="position:absolute;left:382.413px;top:102.1px;">1,925</div><div id="a121871" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:102.9px;">$ </div><div id="a121873" style="position:absolute;left:489.64px;top:102.1px;">(322)</div><div id="a121876" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:102.9px;">$ </div><div id="a121878" style="position:absolute;left:586.48px;top:102.1px;">4,926</div><div id="a121881" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:102.9px;">$ </div><div id="a121883" style="position:absolute;left:682px;top:102.1px;">11,716</div><div id="a121885" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Year<div style="display:inline-block;width:4.81px"> </div>ended December 31, 2018 </div><div id="a121887" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:119.8px;">$ </div><div id="a121889" style="position:absolute;left:280.493px;top:119px;">5,457</div><div id="a121892" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:119.8px;">$ </div><div id="a121894" style="position:absolute;left:392.52px;top:119px;">493</div><div id="a121897" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:119.8px;">$ </div><div id="a121899" style="position:absolute;left:489.64px;top:119px;">(295)</div><div id="a121902" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:119.8px;">$ </div><div id="a121904" style="position:absolute;left:591.6px;top:119px;">(468)</div><div id="a121907" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:119.8px;">$ </div><div id="a121909" style="position:absolute;left:688.56px;top:119px;">5,187</div></div></div></div> 11716000 3582000 2187000 34000 13145000 5187000 1925000 322000 4926000 11716000 5457000 493000 295000 -468000 5187000 5000000.0 300000 <div id="TextBlockContainer986" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:404px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122074" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 14 – Inventories </div><div id="a122082" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">Inventories, net, as of December 31, 2020 and 2019 were<div style="display:inline-block;width:4.84px"> </div>as follows:</div></div><div id="TextBlockContainer990" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_988_XBRL_CS_535f07acfa9e4abb87db8404a88bce1d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer989" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122111" style="position:absolute;font-weight:bold;font-style:normal;left:358.253px;top:0px;">2020 </div><div id="a122114" style="position:absolute;font-weight:bold;font-style:normal;left:460.173px;top:0px;">2019 </div><div id="a122118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Raw materials and supplies </div><div id="a122120" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.9px;">$ </div><div id="a122122" style="position:absolute;left:380.013px;top:17.4px;">86,148</div><div id="a122125" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.9px;">$ </div><div id="a122127" style="position:absolute;left:481.973px;top:17.4px;">82,058</div><div id="a122131" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Work in<div style="display:inline-block;width:4.7px"> </div>process, finished goods and reserves </div><div id="a122134" style="position:absolute;left:373.293px;top:34.1px;">101,616</div><div id="a122138" style="position:absolute;left:481.973px;top:34.1px;">92,892</div><div id="a122142" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Total inventories,<div style="display:inline-block;width:4.69px"> </div>net </div><div id="a122144" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52.8px;">$ </div><div id="a122146" style="position:absolute;left:373.293px;top:51.8px;">187,764</div><div id="a122149" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52.8px;">$ </div><div id="a122151" style="position:absolute;left:475.253px;top:51.8px;">174,950</div></div></div></div> <div id="TextBlockContainer989" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122111" style="position:absolute;font-weight:bold;font-style:normal;left:358.253px;top:0px;">2020 </div><div id="a122114" style="position:absolute;font-weight:bold;font-style:normal;left:460.173px;top:0px;">2019 </div><div id="a122118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Raw materials and supplies </div><div id="a122120" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.9px;">$ </div><div id="a122122" style="position:absolute;left:380.013px;top:17.4px;">86,148</div><div id="a122125" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.9px;">$ </div><div id="a122127" style="position:absolute;left:481.973px;top:17.4px;">82,058</div><div id="a122131" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Work in<div style="display:inline-block;width:4.7px"> </div>process, finished goods and reserves </div><div id="a122134" style="position:absolute;left:373.293px;top:34.1px;">101,616</div><div id="a122138" style="position:absolute;left:481.973px;top:34.1px;">92,892</div><div id="a122142" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Total inventories,<div style="display:inline-block;width:4.69px"> </div>net </div><div id="a122144" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:52.8px;">$ </div><div id="a122146" style="position:absolute;left:373.293px;top:51.8px;">187,764</div><div id="a122149" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:52.8px;">$ </div><div id="a122151" style="position:absolute;left:475.253px;top:51.8px;">174,950</div></div> 86148000 82058000 101616000 92892000 187764000 174950000 <div id="TextBlockContainer992" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:479px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122154" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 15 – Property,<div style="display:inline-block;width:4.93px"> </div>Plant and Equipment </div><div id="a122168" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Property, plant and<div style="display:inline-block;width:4.75px"> </div>equipment as of December 31, 2020 and 2019 were as follows:</div></div><div id="TextBlockContainer996" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_994_XBRL_CS_49a147064cec4aa6b44f683bd48fdd22" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer995" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122200" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2020 </div><div id="a122204" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2019 </div><div id="a122208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Land </div><div id="a122210" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.8px;">$ </div><div id="a122212" style="position:absolute;left:376.013px;top:17.3px;">33,009</div><div id="a122215" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.8px;">$ </div><div id="a122217" style="position:absolute;left:477.973px;top:17.3px;">34,686</div><div id="a122221" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Building and improvements </div><div id="a122224" style="position:absolute;left:369.293px;top:33.9px;">135,595</div><div id="a122228" style="position:absolute;left:471.253px;top:33.9px;">130,462</div><div id="a122232" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Machinery and equipment </div><div id="a122235" style="position:absolute;left:369.293px;top:51px;">246,242</div><div id="a122239" style="position:absolute;left:471.253px;top:51px;">225,636</div><div id="a122243" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Construction in progress </div><div id="a122246" style="position:absolute;left:382.573px;top:68px;">8,407</div><div id="a122250" style="position:absolute;left:484.533px;top:68px;">8,050</div><div id="a122254" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment, at cost </div><div id="a122257" style="position:absolute;left:369.293px;top:85.3px;">423,253</div><div id="a122261" style="position:absolute;left:471.253px;top:85.3px;">398,834</div><div id="a122265" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102px;">Less: accumulated depreciation </div><div id="a122268" style="position:absolute;left:364.493px;top:102px;">(219,370)</div><div id="a122272" style="position:absolute;left:466.413px;top:102px;">(185,365)</div><div id="a122276" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.9px;">Total property,<div style="display:inline-block;width:5.5px"> </div>plant and equipment, net </div><div id="a122278" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:120.8px;">$ </div><div id="a122280" style="position:absolute;left:369.293px;top:119.9px;">203,883</div><div id="a122283" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:120.8px;">$ </div><div id="a122285" style="position:absolute;left:471.253px;top:119.9px;">213,469</div></div></div></div><div id="TextBlockContainer998" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122288" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020, PP&amp;E includes $</div><div id="a122288_40_3" style="position:absolute;left:263.693px;top:0px;">0.4</div><div id="a122288_43_69" style="position:absolute;font-weight:normal;font-style:normal;left:280.493px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million of finance lease assets and future minimum lease payments.<div style="display:inline-block;width:8.23px"> </div></div><div id="a122288_112_14" style="position:absolute;left:651.279px;top:0px;">In connection </div><div id="a122328" style="position:absolute;left:4.427px;top:15.2px;">with the plans for closure of certain facilities, certain buildings and land with an aggregate book value of approximately $10.0 million </div><div id="a122370" style="position:absolute;left:4.427px;top:30.6px;">continue to be held-for-sale as of December 31, 2020 and are recorded in other current assets on the Company’s Consolidated Balance </div><div id="a122417" style="position:absolute;left:4.427px;top:45.9px;">Sheet.</div></div> <div id="TextBlockContainer995" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:527px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122200" style="position:absolute;font-weight:bold;font-style:normal;left:364.173px;top:0px;">2020 </div><div id="a122204" style="position:absolute;font-weight:bold;font-style:normal;left:466.093px;top:0px;">2019 </div><div id="a122208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Land </div><div id="a122210" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:17.8px;">$ </div><div id="a122212" style="position:absolute;left:376.013px;top:17.3px;">33,009</div><div id="a122215" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:17.8px;">$ </div><div id="a122217" style="position:absolute;left:477.973px;top:17.3px;">34,686</div><div id="a122221" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Building and improvements </div><div id="a122224" style="position:absolute;left:369.293px;top:33.9px;">135,595</div><div id="a122228" style="position:absolute;left:471.253px;top:33.9px;">130,462</div><div id="a122232" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Machinery and equipment </div><div id="a122235" style="position:absolute;left:369.293px;top:51px;">246,242</div><div id="a122239" style="position:absolute;left:471.253px;top:51px;">225,636</div><div id="a122243" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Construction in progress </div><div id="a122246" style="position:absolute;left:382.573px;top:68px;">8,407</div><div id="a122250" style="position:absolute;left:484.533px;top:68px;">8,050</div><div id="a122254" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.3px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment, at cost </div><div id="a122257" style="position:absolute;left:369.293px;top:85.3px;">423,253</div><div id="a122261" style="position:absolute;left:471.253px;top:85.3px;">398,834</div><div id="a122265" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102px;">Less: accumulated depreciation </div><div id="a122268" style="position:absolute;left:364.493px;top:102px;">(219,370)</div><div id="a122272" style="position:absolute;left:466.413px;top:102px;">(185,365)</div><div id="a122276" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.9px;">Total property,<div style="display:inline-block;width:5.5px"> </div>plant and equipment, net </div><div id="a122278" style="position:absolute;font-weight:normal;font-style:normal;left:326.573px;top:120.8px;">$ </div><div id="a122280" style="position:absolute;left:369.293px;top:119.9px;">203,883</div><div id="a122283" style="position:absolute;font-weight:normal;font-style:normal;left:428.493px;top:120.8px;">$ </div><div id="a122285" style="position:absolute;left:471.253px;top:119.9px;">213,469</div></div> 33009000 34686000 135595000 130462000 246242000 225636000 8407000 8050000 423253000 398834000 219370000 185365000 203883000 213469000 400000 In connection with the plans for closure of certain facilities, certain buildings and land with an aggregate book value of approximately $10.0 million continue to be held-for-sale as of December 31, 2020 and are recorded in other current assets on the Company’s Consolidated Balance Sheet. 10000000.0 <div id="TextBlockContainer1000" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:285px;height:16px;display:inline-block;"><div id="a122468" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 16 – Goodwill and Other Intangible Assets</div></div><div id="TextBlockContainer1002" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:606px;height:16px;display:inline-block;"><div id="a122484" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Changes in the carrying amount of goodwill for the<div style="display:inline-block;width:4.59px"> </div>years ended December 31, 2020 and 2019 were as follows:</div></div><div id="TextBlockContainer1006" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1004_XBRL_TS_9194b67bf53f4447a52124f304577149" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1005" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122532" style="position:absolute;font-weight:bold;font-style:normal;left:556.2px;top:0px;">Global </div><div id="a122548" style="position:absolute;font-weight:bold;font-style:normal;left:549.48px;top:17px;">Specialty </div><div id="a122555" style="position:absolute;font-weight:bold;font-style:normal;left:242.413px;top:33.9px;">Americas </div><div id="a122558" style="position:absolute;font-weight:bold;font-style:normal;left:351.373px;top:33.9px;">EMEA </div><div id="a122561" style="position:absolute;font-weight:bold;font-style:normal;left:439.88px;top:33.9px;">Asia/Pacific </div><div id="a122564" style="position:absolute;font-weight:bold;font-style:normal;left:545.48px;top:33.9px;">Businesses </div><div id="a122567" style="position:absolute;font-weight:bold;font-style:normal;left:662.32px;top:33.9px;">Total </div><div id="a122569" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Balance as of December 31, 2018 </div><div id="a122571" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:51.8px;">$ </div><div id="a122573" style="position:absolute;left:273.933px;top:51.8px;">28,464</div><div id="a122576" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:51.8px;">$ </div><div id="a122578" style="position:absolute;left:375.853px;top:51.8px;">17,423</div><div id="a122581" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:51.8px;">$ </div><div id="a122583" style="position:absolute;left:477.96px;top:51.8px;">13,149</div><div id="a122586" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:51.8px;">$ </div><div id="a122588" style="position:absolute;left:579.92px;top:51.8px;">24,297</div><div id="a122590" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122592" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:51.8px;">$ </div><div id="a122594" style="position:absolute;left:682px;top:51.8px;">83,333</div><div id="a122597" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68.8px;">Goodwill additions </div><div id="a122600" style="position:absolute;left:267.213px;top:68.8px;">188,494</div><div id="a122604" style="position:absolute;left:369.133px;top:68.8px;">114,167</div><div id="a122608" style="position:absolute;left:471.24px;top:68.8px;">130,091</div><div id="a122612" style="position:absolute;left:579.92px;top:68.8px;">91,545</div><div id="a122616" style="position:absolute;left:675.28px;top:68.8px;">524,297</div><div id="a122619" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.8px;">Currency translation adjustments </div><div id="a122621" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:85.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122623" style="position:absolute;left:285.613px;top:85.8px;">(573)</div><div id="a122627" style="position:absolute;left:382.413px;top:85.8px;">1,428</div><div id="a122631" style="position:absolute;left:479.72px;top:85.8px;">(1,513)</div><div id="a122635" style="position:absolute;left:596.56px;top:85.8px;">233</div><div id="a122639" style="position:absolute;left:693.68px;top:85.8px;">(425)</div><div id="a122641" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.9px;">Balance as of December 31, 2019 </div><div id="a122644" style="position:absolute;left:267.213px;top:102.9px;">216,385</div><div id="a122648" style="position:absolute;left:369.133px;top:102.9px;">133,018</div><div id="a122652" style="position:absolute;left:471.24px;top:102.9px;">141,727</div><div id="a122656" style="position:absolute;left:573.2px;top:102.9px;">116,075</div><div id="a122658" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:102.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122661" style="position:absolute;left:675.28px;top:102.9px;">607,205</div><div id="a122664" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119.8px;">Goodwill additions </div><div id="a122667" style="position:absolute;left:280.493px;top:119.8px;">1,485</div><div id="a122671" style="position:absolute;left:392.52px;top:119.8px;">531</div><div id="a122675" style="position:absolute;left:501.32px;top:119.8px;">—</div><div id="a122679" style="position:absolute;left:586.48px;top:119.8px;">1,329</div><div id="a122683" style="position:absolute;left:688.56px;top:119.8px;">3,345</div><div id="a122686" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136.8px;">Currency translation and other </div><div id="a122703" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:153.8px;"><div style="display:inline-block;width:10.08px"> </div>adjustments </div><div id="a122707" style="position:absolute;left:275.693px;top:153.8px;">(4,628)</div><div id="a122711" style="position:absolute;left:382.413px;top:153.8px;">6,613</div><div id="a122715" style="position:absolute;left:477.96px;top:153.8px;">16,363</div><div id="a122719" style="position:absolute;left:586.48px;top:153.8px;">2,314</div><div id="a122723" style="position:absolute;left:682px;top:153.8px;">20,662</div><div id="a122725" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.9px;">Balance as of December 31, 2020 </div><div id="a122727" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:171.9px;">$ </div><div id="a122729" style="position:absolute;left:267.213px;top:171.9px;">213,242</div><div id="a122732" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:171.9px;">$ </div><div id="a122734" style="position:absolute;left:369.133px;top:171.9px;">140,162</div><div id="a122737" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:171.9px;">$ </div><div id="a122739" style="position:absolute;left:471.24px;top:171.9px;">158,090</div><div id="a122742" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:171.9px;">$ </div><div id="a122744" style="position:absolute;left:573.2px;top:171.9px;">119,718</div><div id="a122747" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:171.9px;">$ </div><div id="a122749" style="position:absolute;left:675.28px;top:171.9px;">631,212</div></div></div></div><div id="TextBlockContainer1008" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122751" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Other adjustments in the table above includes updates to<div style="display:inline-block;width:4.77px"> </div>the Company’s allocation<div style="display:inline-block;width:4.62px"> </div>of the Houghton purchase price and associated </div><div id="a122789" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">goodwill to each of the Company’s<div style="display:inline-block;width:4.97px"> </div>reportable segments during the year ended December 31, 2020,<div style="display:inline-block;width:4.72px"> </div>including a $</div><div id="a122789_108_3" style="position:absolute;left:606.319px;top:15.2px;">2.6</div><div id="a122789_111_18" style="position:absolute;font-weight:normal;font-style:normal;left:623.119px;top:15.2px;"><div style="display:inline-block;width:3.2px"> </div>million decrease </div><div id="a122829" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">in the Americas, a $</div><div id="a122829_20_3" style="position:absolute;left:111.493px;top:30.6px;">1.4</div><div id="a122829_23_30" style="position:absolute;font-weight:normal;font-style:normal;left:128.293px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million decrease in EMEA, a $</div><div id="a122829_53_3" style="position:absolute;left:296.813px;top:30.6px;">8.0</div><div id="a122829_56_41" style="position:absolute;font-weight:normal;font-style:normal;left:313.453px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million increase in Asia/Pacific and a $</div><div id="a122829_97_3" style="position:absolute;left:526.28px;top:30.6px;">0.5</div><div id="a122829_100_28" style="position:absolute;font-weight:normal;font-style:normal;left:543.08px;top:30.6px;"><div style="display:inline-block;width:3.2px"> </div>million increase in Global </div><div id="a122874" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Specialty Businesses.<div style="display:inline-block;width:3.76px"> </div></div><div id="a122879" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:69.3px;">Gross carrying amounts and accumulated amortization<div style="display:inline-block;width:4.73px"> </div>for definite-lived intangible assets as of December 31, 2020 and<div style="display:inline-block;width:4.54px"> </div>2019 were </div><div id="a122918" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">as follows:</div></div><div id="TextBlockContainer1012" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1010_XBRL_CS_bf487fed1639443980c0deb964b0ff14" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1011" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122923" style="position:absolute;font-weight:bold;font-style:normal;left:377.773px;top:0px;">Gross Carrying </div><div id="a122926" style="position:absolute;font-weight:bold;font-style:normal;left:588.72px;top:0px;">Accumulated </div><div id="a122929" style="position:absolute;font-weight:bold;font-style:normal;left:399.08px;top:17px;">Amount </div><div id="a122932" style="position:absolute;font-weight:bold;font-style:normal;left:588.4px;top:17px;">Amortization </div><div id="a122935" style="position:absolute;font-weight:bold;font-style:normal;left:358.093px;top:34.2px;">2020 </div><div id="a122938" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:34.2px;">2019 </div><div id="a122941" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:34.2px;">2020 </div><div id="a122944" style="position:absolute;font-weight:bold;font-style:normal;left:664.24px;top:34.2px;">2019 </div><div id="a122946" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Customer lists and rights to sell </div><div id="a122948" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:51.4px;">$ </div><div id="a122950" style="position:absolute;left:370.253px;top:51.4px;">839,551</div><div id="a122953" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:51.4px;">$ </div><div id="a122955" style="position:absolute;left:472.36px;top:51.4px;">792,362</div><div id="a122957" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:51.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122959" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:51.4px;">$ </div><div id="a122961" style="position:absolute;left:581.04px;top:51.4px;">99,806</div><div id="a122963" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:51.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122965" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:51.4px;">$ </div><div id="a122967" style="position:absolute;left:683.12px;top:51.4px;">49,932</div><div id="a122969" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Trademarks, formulations and product<div style="display:inline-block;width:4.8px"> </div>technology </div><div id="a122971" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122973" style="position:absolute;left:370.253px;top:68px;">166,448</div><div id="a122976" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122978" style="position:absolute;left:472.36px;top:68px;">157,049</div><div id="a122980" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122982" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122984" style="position:absolute;left:581.04px;top:68px;">30,483</div><div id="a122986" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122988" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122990" style="position:absolute;left:683.12px;top:68px;">21,299</div><div id="a122992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Other </div><div id="a122994" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122996" style="position:absolute;left:383.533px;top:85px;">6,372</div><div id="a122998" style="position:absolute;font-weight:normal;font-style:normal;left:418.44px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123000" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123002" style="position:absolute;left:485.64px;top:85px;">6,261</div><div id="a123004" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123006" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123008" style="position:absolute;left:587.6px;top:85px;">5,824</div><div id="a123010" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123012" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123014" style="position:absolute;left:689.68px;top:85px;">5,776</div><div id="a123016" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.7px;">Total definite<div style="display:inline-block;width:1.37px"> </div>-lived intangible assets </div><div id="a123020" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:102.7px;">$ </div><div id="a123022" style="position:absolute;left:360.333px;top:102.7px;">1,012,371</div><div id="a123024" style="position:absolute;font-weight:normal;font-style:normal;left:418.44px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123026" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:102.7px;">$ </div><div id="a123028" style="position:absolute;left:472.36px;top:102.7px;">955,672</div><div id="a123030" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123032" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:102.7px;">$ </div><div id="a123034" style="position:absolute;left:574.32px;top:102.7px;">136,113</div><div id="a123036" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123038" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:102.7px;">$ </div><div id="a123040" style="position:absolute;left:683.12px;top:102.7px;">77,007</div></div></div></div><div id="TextBlockContainer1014" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123042" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recorded $</div><div id="a123042_22_4" style="position:absolute;left:164.453px;top:0px;">55.9</div><div id="a123042_26_11" style="position:absolute;font-weight:normal;font-style:normal;left:187.813px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>million, $</div><div id="a123042_37_4" style="position:absolute;left:243.053px;top:0px;">26.7</div><div id="a123042_41_14" style="position:absolute;font-weight:normal;font-style:normal;left:266.413px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a123042_55_3" style="position:absolute;left:340.813px;top:0px;">7.3</div><div id="a123042_58_65" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million of amortization expense during the years ended December </div><div id="a123079" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">31, 2020, 2019 and 2018, respectively.<div style="display:inline-block;width:5.12px"> </div>Amortization is recorded within SG&amp;A in the Company’s<div style="display:inline-block;width:5.46px"> </div>Consolidated Statements of Income.<div style="display:inline-block;width:4.16px"> </div></div><div id="a123115" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Estimated annual aggregate amortization expense for<div style="display:inline-block;width:4.7px"> </div>the subsequent five years is as follows:</div></div><div id="TextBlockContainer1018" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1016_XBRL_CS_08f1d20b73eb4af99642c937d7153f29" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1017" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123142" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0.8px;">For the year ended December 31, 2021 </div><div id="a123144" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:0.8px;">$ </div><div id="a123146" style="position:absolute;left:273.933px;top:0px;">58,752</div><div id="a123150" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.8px;">For the year ended December 31, 2022 </div><div id="a123153" style="position:absolute;left:273.933px;top:17px;">58,590</div><div id="a123157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.7px;">For the year ended December 31, 2023 </div><div id="a123161" style="position:absolute;left:273.933px;top:33.9px;">58,361</div><div id="a123165" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">For the year ended December 31, 2024 </div><div id="a123168" style="position:absolute;left:273.933px;top:50.9px;">57,935</div><div id="a123172" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">For the year ended December 31, 2025 </div><div id="a123175" style="position:absolute;left:273.933px;top:68px;">57,263</div></div></div></div><div id="TextBlockContainer1020" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123178" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company has four indefinite-lived intangible<div style="display:inline-block;width:4.7px"> </div>assets totaling $</div><div id="a123178_66_5" style="position:absolute;left:381.933px;top:0px;">205.1</div><div id="a123178_71_45" style="position:absolute;font-weight:normal;font-style:normal;left:411.88px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million as of December 31, 2020, including $</div><div id="a123178_116_5" style="position:absolute;left:657.84px;top:0px;">204.0</div><div id="a123178_121_1" style="position:absolute;font-weight:normal;font-style:normal;left:687.92px;top:0px;"> </div><div id="a123219" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">million of indefinite-lived intangible assets for trademarks and<div style="display:inline-block;width:4.75px"> </div>tradename associated with the Combination.<div style="display:inline-block;width:7.61px"> </div>Comparatively, the </div><div id="a123251" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Company had four indefinite-lived intangible assets for trademarks<div style="display:inline-block;width:4.89px"> </div>and tradename totaling $</div><div id="a123251_91_5" style="position:absolute;left:498.119px;top:30.7px;">243.1</div><div id="a123251_96_33" style="position:absolute;font-weight:normal;font-style:normal;left:528.199px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million as of December 31, 2019.</div></div><div id="TextBlockContainer1022" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123292" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company completes its annual goodwill and indefinite<div style="display:inline-block;width:1.47px"> </div>-lived intangible asset impairment test during the fourth<div style="display:inline-block;width:4.56px"> </div>quarter of </div><div id="a123329" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">each year, or more frequently if triggering<div style="display:inline-block;width:4.94px"> </div>events indicate a possible impairment in one or more of its reporting<div style="display:inline-block;width:4.81px"> </div>units.<div style="display:inline-block;width:6.85px"> </div>The Company </div><div id="a123373" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">completed its annual impairment assessment during the<div style="display:inline-block;width:4.8px"> </div>fourth quarter of 2020 and concluded no impairment charge<div style="display:inline-block;width:5px"> </div>was warranted.<div style="display:inline-block;width:3.62px"> </div></div><div id="a123410" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46px;">The Company continually evaluates financial performance,<div style="display:inline-block;width:4.68px"> </div>economic conditions and other relevant developments<div style="display:inline-block;width:4.73px"> </div>in assessing if an </div><div id="a123442" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">interim period impairment test for one or more of<div style="display:inline-block;width:4.69px"> </div>its reporting units is necessary.<div style="display:inline-block;width:4.6px"> </div></div><div id="a123471" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:82px;">As of March 31, 2020, the Company evaluated the initial impact<div style="display:inline-block;width:4.86px"> </div>of COVID-19 on the Company’s<div style="display:inline-block;width:4.97px"> </div>operations, and the volatility </div><div id="a123513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">and uncertainty in the economic outlook as a result of<div style="display:inline-block;width:4.76px"> </div>COVID-19 to determine if they indicated it was more likely<div style="display:inline-block;width:4.84px"> </div>than not that the </div><div id="a123564" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.7px;">carrying value of any of the Company’s<div style="display:inline-block;width:5.12px"> </div>reporting units or indefinite-lived or long-lived assets was not recoverable.<div style="display:inline-block;width:8.54px"> </div>The Company </div><div id="a123606" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">concluded that the impact of COVID-19 did not represent<div style="display:inline-block;width:4.92px"> </div>a triggering event as of March 31, 2020 with regards to the Company’s </div><div id="a123652" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.4px;">reporting units or indefinite-lived and long-lived assets, except<div style="display:inline-block;width:4.76px"> </div>for the Company’s Houghton<div style="display:inline-block;width:4.74px"> </div>and Fluidcare trademarks<div style="display:inline-block;width:3.96px"> </div>and tradename </div><div id="a123691" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.8px;">indefinite-lived intangible assets.<div style="display:inline-block;width:7.47px"> </div></div></div><div id="TextBlockContainer1024" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:321px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123749" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The determination of estimated fair value of the Houghton<div style="display:inline-block;width:4.76px"> </div>and Fluidcare trademarks and tradename indefinite-lived<div style="display:inline-block;width:4.73px"> </div>assets was </div><div id="a123786" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">based on a relief from royalty valuation method which<div style="display:inline-block;width:4.71px"> </div>requires management’s<div style="display:inline-block;width:4.75px"> </div>judgment and often involves the use of significant </div><div id="a123825" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">estimates and assumptions, including assumptions with respect<div style="display:inline-block;width:4.88px"> </div>to the weighted average cost of capital (“WACC”)<div style="display:inline-block;width:5.79px"> </div>and royalty rates, as </div><div id="a123863" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">well as revenue growth rates and terminal growth rates.<div style="display:inline-block;width:7.99px"> </div>In the first quarter of 2020, as a result of the impact of<div style="display:inline-block;width:4.7px"> </div>COVID-19 driving a </div><div id="a123915" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">decrease in projected legacy Houghton net sales in the<div style="display:inline-block;width:4.83px"> </div>current year and the impact of the current year decline on projected<div style="display:inline-block;width:4.71px"> </div>future </div><div id="a123960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">legacy Houghton net sales as well as an increase in the WACC<div style="display:inline-block;width:6.03px"> </div>assumption utilized in the quantitative impairment<div style="display:inline-block;width:4.84px"> </div>assessment, the </div><div id="a124001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">Company concluded that the estimated fair values of<div style="display:inline-block;width:4.81px"> </div>the Houghton and Fluidcare trademarks and tradename intangible<div style="display:inline-block;width:4.7px"> </div>assets were </div><div id="a124037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">less than their carrying values.<div style="display:inline-block;width:7.42px"> </div>As a result, an impairment charge of $</div><div id="a124037_72_4" style="position:absolute;left:378.253px;top:107.4px;">38.0</div><div id="a124037_76_59" style="position:absolute;font-weight:normal;font-style:normal;left:401.64px;top:107.4px;"><div style="display:inline-block;width:3.36px"> </div>million, primarily related to the Houghton trademarks and </div><div id="a124080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">tradename, to write down the carrying values of these intangible<div style="display:inline-block;width:4.83px"> </div>assets to their estimated fair values was recorded in the<div style="display:inline-block;width:4.6px"> </div>first quarter </div><div id="a124124" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">of 2020. </div><div id="a124128" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:158.7px;">As of December 31, 2020, the Company continued to<div style="display:inline-block;width:4.72px"> </div>evaluate the on-going impact of COVID-19 on the Company’s<div style="display:inline-block;width:5.42px"> </div>operations, </div><div id="a124170" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:174.1px;">and the volatility and uncertainty in the economic outlook<div style="display:inline-block;width:4.81px"> </div>as a result of COVID-19, to determine if this indicated it was more<div style="display:inline-block;width:4.76px"> </div>likely </div><div id="a124218" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.3px;">than not that the carrying value of any of the Company’s<div style="display:inline-block;width:5.47px"> </div>reporting units or indefinite-lived or long-lived intangible<div style="display:inline-block;width:4.84px"> </div>assets were not </div><div id="a124264" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204.6px;">recoverable.<div style="display:inline-block;width:7.11px"> </div>The Company concluded that the impact of COVID-19 did not represent<div style="display:inline-block;width:4.87px"> </div>a triggering event as of December 31, 2020 </div><div id="a124307" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:220px;">with regards to any of the Company’s<div style="display:inline-block;width:5.09px"> </div>reporting units or indefinite-lived and long-lived intangible<div style="display:inline-block;width:4.73px"> </div>assets. </div><div id="a124341" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:243.2px;">While the Company concluded that the impact of COVID-19<div style="display:inline-block;width:4.81px"> </div>did not represent a triggering event as of December 31,<div style="display:inline-block;width:4.56px"> </div>2020 for any </div><div id="a124387" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:258.8px;">of its other long-lived or indefinite-lived assets or reporting<div style="display:inline-block;width:4.69px"> </div>units, the Company will continue to evaluate the impact<div style="display:inline-block;width:4.62px"> </div>of COVID-19 on </div><div id="a124435" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:274px;">the Company’s current<div style="display:inline-block;width:4.82px"> </div>and projected results.<div style="display:inline-block;width:6.99px"> </div>If the current economic conditions worsen or projections of the<div style="display:inline-block;width:4.85px"> </div>timeline for recovery are </div><div id="a124476" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289.3px;">significantly extended, then the Company may conclude<div style="display:inline-block;width:4.82px"> </div>in the future that the impact from COVID-19 requires the need<div style="display:inline-block;width:4.78px"> </div>to perform </div><div id="a124518" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:304.7px;">further interim quantitative impairment tests, which could<div style="display:inline-block;width:4.7px"> </div>result in additional impairment charges in the future.</div></div> <div id="TextBlockContainer1005" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122532" style="position:absolute;font-weight:bold;font-style:normal;left:556.2px;top:0px;">Global </div><div id="a122548" style="position:absolute;font-weight:bold;font-style:normal;left:549.48px;top:17px;">Specialty </div><div id="a122555" style="position:absolute;font-weight:bold;font-style:normal;left:242.413px;top:33.9px;">Americas </div><div id="a122558" style="position:absolute;font-weight:bold;font-style:normal;left:351.373px;top:33.9px;">EMEA </div><div id="a122561" style="position:absolute;font-weight:bold;font-style:normal;left:439.88px;top:33.9px;">Asia/Pacific </div><div id="a122564" style="position:absolute;font-weight:bold;font-style:normal;left:545.48px;top:33.9px;">Businesses </div><div id="a122567" style="position:absolute;font-weight:bold;font-style:normal;left:662.32px;top:33.9px;">Total </div><div id="a122569" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">Balance as of December 31, 2018 </div><div id="a122571" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:51.8px;">$ </div><div id="a122573" style="position:absolute;left:273.933px;top:51.8px;">28,464</div><div id="a122576" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:51.8px;">$ </div><div id="a122578" style="position:absolute;left:375.853px;top:51.8px;">17,423</div><div id="a122581" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:51.8px;">$ </div><div id="a122583" style="position:absolute;left:477.96px;top:51.8px;">13,149</div><div id="a122586" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:51.8px;">$ </div><div id="a122588" style="position:absolute;left:579.92px;top:51.8px;">24,297</div><div id="a122590" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122592" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:51.8px;">$ </div><div id="a122594" style="position:absolute;left:682px;top:51.8px;">83,333</div><div id="a122597" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68.8px;">Goodwill additions </div><div id="a122600" style="position:absolute;left:267.213px;top:68.8px;">188,494</div><div id="a122604" style="position:absolute;left:369.133px;top:68.8px;">114,167</div><div id="a122608" style="position:absolute;left:471.24px;top:68.8px;">130,091</div><div id="a122612" style="position:absolute;left:579.92px;top:68.8px;">91,545</div><div id="a122616" style="position:absolute;left:675.28px;top:68.8px;">524,297</div><div id="a122619" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.8px;">Currency translation adjustments </div><div id="a122621" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:85.8px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122623" style="position:absolute;left:285.613px;top:85.8px;">(573)</div><div id="a122627" style="position:absolute;left:382.413px;top:85.8px;">1,428</div><div id="a122631" style="position:absolute;left:479.72px;top:85.8px;">(1,513)</div><div id="a122635" style="position:absolute;left:596.56px;top:85.8px;">233</div><div id="a122639" style="position:absolute;left:693.68px;top:85.8px;">(425)</div><div id="a122641" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.9px;">Balance as of December 31, 2019 </div><div id="a122644" style="position:absolute;left:267.213px;top:102.9px;">216,385</div><div id="a122648" style="position:absolute;left:369.133px;top:102.9px;">133,018</div><div id="a122652" style="position:absolute;left:471.24px;top:102.9px;">141,727</div><div id="a122656" style="position:absolute;left:573.2px;top:102.9px;">116,075</div><div id="a122658" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:102.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122661" style="position:absolute;left:675.28px;top:102.9px;">607,205</div><div id="a122664" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119.8px;">Goodwill additions </div><div id="a122667" style="position:absolute;left:280.493px;top:119.8px;">1,485</div><div id="a122671" style="position:absolute;left:392.52px;top:119.8px;">531</div><div id="a122675" style="position:absolute;left:501.32px;top:119.8px;">—</div><div id="a122679" style="position:absolute;left:586.48px;top:119.8px;">1,329</div><div id="a122683" style="position:absolute;left:688.56px;top:119.8px;">3,345</div><div id="a122686" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136.8px;">Currency translation and other </div><div id="a122703" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:153.8px;"><div style="display:inline-block;width:10.08px"> </div>adjustments </div><div id="a122707" style="position:absolute;left:275.693px;top:153.8px;">(4,628)</div><div id="a122711" style="position:absolute;left:382.413px;top:153.8px;">6,613</div><div id="a122715" style="position:absolute;left:477.96px;top:153.8px;">16,363</div><div id="a122719" style="position:absolute;left:586.48px;top:153.8px;">2,314</div><div id="a122723" style="position:absolute;left:682px;top:153.8px;">20,662</div><div id="a122725" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.9px;">Balance as of December 31, 2020 </div><div id="a122727" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:171.9px;">$ </div><div id="a122729" style="position:absolute;left:267.213px;top:171.9px;">213,242</div><div id="a122732" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:171.9px;">$ </div><div id="a122734" style="position:absolute;left:369.133px;top:171.9px;">140,162</div><div id="a122737" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:171.9px;">$ </div><div id="a122739" style="position:absolute;left:471.24px;top:171.9px;">158,090</div><div id="a122742" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:171.9px;">$ </div><div id="a122744" style="position:absolute;left:573.2px;top:171.9px;">119,718</div><div id="a122747" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:171.9px;">$ </div><div id="a122749" style="position:absolute;left:675.28px;top:171.9px;">631,212</div></div> 28464000 17423000 13149000 24297000 83333000 188494000 114167000 130091000 91545000 524297000 -573000 1428000 -1513000 233000 -425000 216385000 133018000 141727000 116075000 607205000 1485000 531000 0 1329000 3345000 -4628000 6613000 16363000 2314000 20662000 213242000 140162000 158090000 119718000 631212000 2600000 1400000 8000000.0 500000 <div id="TextBlockContainer1011" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:119px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122923" style="position:absolute;font-weight:bold;font-style:normal;left:377.773px;top:0px;">Gross Carrying </div><div id="a122926" style="position:absolute;font-weight:bold;font-style:normal;left:588.72px;top:0px;">Accumulated </div><div id="a122929" style="position:absolute;font-weight:bold;font-style:normal;left:399.08px;top:17px;">Amount </div><div id="a122932" style="position:absolute;font-weight:bold;font-style:normal;left:588.4px;top:17px;">Amortization </div><div id="a122935" style="position:absolute;font-weight:bold;font-style:normal;left:358.093px;top:34.2px;">2020 </div><div id="a122938" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:34.2px;">2019 </div><div id="a122941" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:34.2px;">2020 </div><div id="a122944" style="position:absolute;font-weight:bold;font-style:normal;left:664.24px;top:34.2px;">2019 </div><div id="a122946" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Customer lists and rights to sell </div><div id="a122948" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:51.4px;">$ </div><div id="a122950" style="position:absolute;left:370.253px;top:51.4px;">839,551</div><div id="a122953" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:51.4px;">$ </div><div id="a122955" style="position:absolute;left:472.36px;top:51.4px;">792,362</div><div id="a122957" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:51.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122959" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:51.4px;">$ </div><div id="a122961" style="position:absolute;left:581.04px;top:51.4px;">99,806</div><div id="a122963" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:51.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122965" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:51.4px;">$ </div><div id="a122967" style="position:absolute;left:683.12px;top:51.4px;">49,932</div><div id="a122969" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Trademarks, formulations and product<div style="display:inline-block;width:4.8px"> </div>technology </div><div id="a122971" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122973" style="position:absolute;left:370.253px;top:68px;">166,448</div><div id="a122976" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122978" style="position:absolute;left:472.36px;top:68px;">157,049</div><div id="a122980" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122982" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122984" style="position:absolute;left:581.04px;top:68px;">30,483</div><div id="a122986" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a122988" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122990" style="position:absolute;left:683.12px;top:68px;">21,299</div><div id="a122992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Other </div><div id="a122994" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a122996" style="position:absolute;left:383.533px;top:85px;">6,372</div><div id="a122998" style="position:absolute;font-weight:normal;font-style:normal;left:418.44px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123000" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123002" style="position:absolute;left:485.64px;top:85px;">6,261</div><div id="a123004" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123006" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123008" style="position:absolute;left:587.6px;top:85px;">5,824</div><div id="a123010" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123012" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a123014" style="position:absolute;left:689.68px;top:85px;">5,776</div><div id="a123016" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.7px;">Total definite<div style="display:inline-block;width:1.37px"> </div>-lived intangible assets </div><div id="a123020" style="position:absolute;font-weight:normal;font-style:normal;left:326.413px;top:102.7px;">$ </div><div id="a123022" style="position:absolute;left:360.333px;top:102.7px;">1,012,371</div><div id="a123024" style="position:absolute;font-weight:normal;font-style:normal;left:418.44px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123026" style="position:absolute;font-weight:normal;font-style:normal;left:428.52px;top:102.7px;">$ </div><div id="a123028" style="position:absolute;left:472.36px;top:102.7px;">955,672</div><div id="a123030" style="position:absolute;font-weight:normal;font-style:normal;left:520.52px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123032" style="position:absolute;font-weight:normal;font-style:normal;left:530.44px;top:102.7px;">$ </div><div id="a123034" style="position:absolute;left:574.32px;top:102.7px;">136,113</div><div id="a123036" style="position:absolute;font-weight:normal;font-style:normal;left:622.48px;top:102.7px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a123038" style="position:absolute;font-weight:normal;font-style:normal;left:632.56px;top:102.7px;">$ </div><div id="a123040" style="position:absolute;left:683.12px;top:102.7px;">77,007</div></div> 839551000 792362000 99806000 49932000 166448000 157049000 30483000 21299000 6372000 6261000 5824000 5776000 1012371000 955672000 136113000 77007000 55900000 26700000 7300000 <div id="TextBlockContainer1017" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123142" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0.8px;">For the year ended December 31, 2021 </div><div id="a123144" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:0.8px;">$ </div><div id="a123146" style="position:absolute;left:273.933px;top:0px;">58,752</div><div id="a123150" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.8px;">For the year ended December 31, 2022 </div><div id="a123153" style="position:absolute;left:273.933px;top:17px;">58,590</div><div id="a123157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.7px;">For the year ended December 31, 2023 </div><div id="a123161" style="position:absolute;left:273.933px;top:33.9px;">58,361</div><div id="a123165" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.8px;">For the year ended December 31, 2024 </div><div id="a123168" style="position:absolute;left:273.933px;top:50.9px;">57,935</div><div id="a123172" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">For the year ended December 31, 2025 </div><div id="a123175" style="position:absolute;left:273.933px;top:68px;">57,263</div></div> 58752000 58590000 58361000 57935000 57263000 205100000 204000000.0 243100000 38000000.0 <div id="TextBlockContainer1026" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:208px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124549" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 17 – Investments in Associated Companies </div><div id="a124563" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As of December 31, 2020, the Company held a </div><div id="a124563_44_2" style="position:absolute;left:283.053px;top:23.4px;">50</div><div id="a124563_46_75" style="position:absolute;font-weight:normal;font-style:normal;left:296.333px;top:23.4px;">% investment in and had significant influence over Nippon<div style="display:inline-block;width:4.83px"> </div>Quaker Chemical, </div><div id="a124605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">Ltd. (“Nippon Japan”), Kelko Quaker Chemical, S.A.<div style="display:inline-block;width:4.75px"> </div>(“Kelko Panama”) and Houghton Korea acquired in 2019 in<div style="display:inline-block;width:4.71px"> </div>connection with the </div><div id="a124644" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">Combination, and held a </div><div id="a124644_24_2" style="position:absolute;left:139.013px;top:53.9px;">32</div><div id="a124644_26_100" style="position:absolute;font-weight:normal;font-style:normal;left:152.453px;top:53.9px;">% investment in and had significant influence over Primex,<div style="display:inline-block;width:4.75px"> </div>Ltd. (“Primex”).<div style="display:inline-block;width:7px"> </div>See Note 2 of Notes to </div><div id="a124688" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">Consolidated Financial Statements. </div><div id="a124694" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.6px;">The carrying amount of the Company’s<div style="display:inline-block;width:5.04px"> </div>equity investments as of December 31, 2020 was $</div><div id="a124694_85_4" style="position:absolute;left:514.12px;top:92.6px;">95.8</div><div id="a124694_89_25" style="position:absolute;font-weight:normal;font-style:normal;left:537.48px;top:92.6px;"><div style="display:inline-block;width:3.36px"> </div>million, which includes </div><div id="a124732" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108px;">investments of $</div><div id="a124732_16_4" style="position:absolute;left:92.773px;top:108px;">68.3</div><div id="a124732_20_29" style="position:absolute;font-weight:normal;font-style:normal;left:116.133px;top:108px;"><div style="display:inline-block;width:3.2px"> </div>million in Houghton Korea; $</div><div id="a124732_49_4" style="position:absolute;left:277.933px;top:108px;">19.4</div><div id="a124732_53_21" style="position:absolute;font-weight:normal;font-style:normal;left:301.293px;top:108px;"><div style="display:inline-block;width:3.2px"> </div>million in Primex; $</div><div id="a124732_74_3" style="position:absolute;left:412.359px;top:108px;">7.8</div><div id="a124732_77_31" style="position:absolute;font-weight:normal;font-style:normal;left:428.999px;top:108px;"><div style="display:inline-block;width:3.36px"> </div>million in Nippon Japan; and $</div><div id="a124732_108_3" style="position:absolute;left:597.999px;top:108px;">0.3</div><div id="a124732_111_18" style="position:absolute;font-weight:normal;font-style:normal;left:614.639px;top:108px;"><div style="display:inline-block;width:3.36px"> </div>million in Kelko </div><div id="a124779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">Panama. </div><div id="a124781" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:146.7px;">The Company also has a </div><div id="a124781_23_2" style="position:absolute;left:163.013px;top:146.7px;">50</div><div id="a124781_25_98" style="position:absolute;font-weight:normal;font-style:normal;left:176.293px;top:146.7px;">% equity interest in Kelko Venezuela.<div style="display:inline-block;width:9.03px"> </div>Due to heightened foreign exchange controls, deteriorating </div><div id="a124818" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.9px;">economic circumstances and other restrictions in Venezuela,<div style="display:inline-block;width:6.35px"> </div>during 2018 the Company concluded that it no longer<div style="display:inline-block;width:4.78px"> </div>had significant </div><div id="a124854" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.3px;">influence over this affiliate.<div style="display:inline-block;width:7.75px"> </div>Prior to this determination, the Company historically accounted for<div style="display:inline-block;width:4.87px"> </div>this affiliate under the equity method.<div style="display:inline-block;width:4.4px"> </div></div><div id="a124894" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192.7px;">As of December 31, 2020 and 2019, the Company<div style="display:inline-block;width:4.73px"> </div>had </div><div id="a124894_50_2" style="position:absolute;left:298.733px;top:192.7px;">no</div><div id="a124894_52_64" style="position:absolute;font-weight:normal;font-style:normal;left:312.013px;top:192.7px;"><div style="display:inline-block;width:3.36px"> </div>remaining carrying value for its investment in Kelko Venezuela.</div></div><div id="TextBlockContainer1028" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124939" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following table is a summary of equity income in associated<div style="display:inline-block;width:4.83px"> </div>companies by investment for the years ending December 31, </div><div id="a124979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">2020, 2019 and 2018:</div></div><div id="TextBlockContainer1032" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1030_XBRL_TS_3728ff3e872d464dbbc24e25c57328e1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1031" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124990" style="position:absolute;font-weight:bold;font-style:normal;left:442.76px;top:0px;">Year<div style="display:inline-block;width:4.97px"> </div>Ended December 31, </div><div id="a124996" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:17.3px;">2020 </div><div id="a125000" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:17.3px;">2019 </div><div id="a125004" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:17.3px;">2018 </div><div id="a125008" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.2px;">Houghton Korea </div><div id="a125010" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.7px;">$ </div><div id="a125012" style="position:absolute;left:420.52px;top:34.2px;">5,241</div><div id="a125015" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.7px;">$ </div><div id="a125017" style="position:absolute;left:522.44px;top:34.2px;">2,337</div><div id="a125020" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.7px;">$ </div><div id="a125022" style="position:absolute;left:641.36px;top:34.2px;">—</div><div id="a125026" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Nippon Japan </div><div id="a125029" style="position:absolute;left:430.6px;top:50.9px;">853</div><div id="a125033" style="position:absolute;left:532.52px;top:50.9px;">850</div><div id="a125037" style="position:absolute;left:634.64px;top:50.9px;">713</div><div id="a125041" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Kelko Panama </div><div id="a125044" style="position:absolute;left:430.6px;top:68px;">107</div><div id="a125048" style="position:absolute;left:539.28px;top:68px;">55</div><div id="a125052" style="position:absolute;left:634.64px;top:68px;">222</div><div id="a125056" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Kelko Venezuela </div><div id="a125059" style="position:absolute;left:437.32px;top:85px;">—</div><div id="a125063" style="position:absolute;left:539.28px;top:85px;">—</div><div id="a125067" style="position:absolute;left:629.68px;top:85px;">(138)</div><div id="a125071" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102px;">Primex </div><div id="a125074" style="position:absolute;left:420.52px;top:102px;">1,151</div><div id="a125078" style="position:absolute;left:522.44px;top:102px;">1,822</div><div id="a125082" style="position:absolute;left:634.64px;top:102px;">966</div><div id="a125086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.9px;">Total equity<div style="display:inline-block;width:4.71px"> </div>in net income of associated companies </div><div id="a125088" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:120.8px;">$ </div><div id="a125090" style="position:absolute;left:420.52px;top:119.9px;">7,352</div><div id="a125093" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:120.8px;">$ </div><div id="a125095" style="position:absolute;left:522.44px;top:119.9px;">5,064</div><div id="a125098" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:120.8px;">$ </div><div id="a125100" style="position:absolute;left:624.56px;top:119.9px;">1,763</div></div></div></div><div id="TextBlockContainer1034" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:723px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125103" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As the Combination closed on August 1, 2019, the Company<div style="display:inline-block;width:4.73px"> </div>included five months of equity income from Houghton<div style="display:inline-block;width:4.75px"> </div>Korea in its </div><div id="a125146" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">December 31, 2019 Consolidated Statement of Income.</div></div> 0.50 0.50 0.50 0.32 95800000 68300000 19400000 7800000 300000 0.50 0.50 0 0 <div id="TextBlockContainer1031" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:137px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124990" style="position:absolute;font-weight:bold;font-style:normal;left:442.76px;top:0px;">Year<div style="display:inline-block;width:4.97px"> </div>Ended December 31, </div><div id="a124996" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:17.3px;">2020 </div><div id="a125000" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:17.3px;">2019 </div><div id="a125004" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:17.3px;">2018 </div><div id="a125008" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.2px;">Houghton Korea </div><div id="a125010" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.7px;">$ </div><div id="a125012" style="position:absolute;left:420.52px;top:34.2px;">5,241</div><div id="a125015" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.7px;">$ </div><div id="a125017" style="position:absolute;left:522.44px;top:34.2px;">2,337</div><div id="a125020" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.7px;">$ </div><div id="a125022" style="position:absolute;left:641.36px;top:34.2px;">—</div><div id="a125026" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Nippon Japan </div><div id="a125029" style="position:absolute;left:430.6px;top:50.9px;">853</div><div id="a125033" style="position:absolute;left:532.52px;top:50.9px;">850</div><div id="a125037" style="position:absolute;left:634.64px;top:50.9px;">713</div><div id="a125041" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Kelko Panama </div><div id="a125044" style="position:absolute;left:430.6px;top:68px;">107</div><div id="a125048" style="position:absolute;left:539.28px;top:68px;">55</div><div id="a125052" style="position:absolute;left:634.64px;top:68px;">222</div><div id="a125056" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Kelko Venezuela </div><div id="a125059" style="position:absolute;left:437.32px;top:85px;">—</div><div id="a125063" style="position:absolute;left:539.28px;top:85px;">—</div><div id="a125067" style="position:absolute;left:629.68px;top:85px;">(138)</div><div id="a125071" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102px;">Primex </div><div id="a125074" style="position:absolute;left:420.52px;top:102px;">1,151</div><div id="a125078" style="position:absolute;left:522.44px;top:102px;">1,822</div><div id="a125082" style="position:absolute;left:634.64px;top:102px;">966</div><div id="a125086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.9px;">Total equity<div style="display:inline-block;width:4.71px"> </div>in net income of associated companies </div><div id="a125088" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:120.8px;">$ </div><div id="a125090" style="position:absolute;left:420.52px;top:119.9px;">7,352</div><div id="a125093" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:120.8px;">$ </div><div id="a125095" style="position:absolute;left:522.44px;top:119.9px;">5,064</div><div id="a125098" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:120.8px;">$ </div><div id="a125100" style="position:absolute;left:624.56px;top:119.9px;">1,763</div></div> 5241000 2337000 0 853000 850000 713000 107000 55000 222000 0 0 -138000 1151000 1822000 966000 7352000 5064000 1763000 <div id="TextBlockContainer1036" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:448px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125209" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 18 – Other Non-Current Assets </div><div id="a125223" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Other non-current assets as of December 31, 2020<div style="display:inline-block;width:4.7px"> </div>and 2019 were as follows:</div></div><div id="TextBlockContainer1039" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:665px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125256" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2020 </div><div id="a125259" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2019 </div><div id="a125263" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Uncertain tax positions </div><div id="a125265" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.3px;">$ </div><div id="a125267" style="position:absolute;left:523.56px;top:17.3px;">7,209</div><div id="a125270" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.3px;">$ </div><div id="a125272" style="position:absolute;left:625.68px;top:17.3px;">4,993</div><div id="a125276" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Pension assets </div><div id="a125278" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125280" style="position:absolute;left:523.56px;top:33.9px;">6,748</div><div id="a125282" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:33.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125284" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125286" style="position:absolute;left:642.48px;top:33.9px;">—</div><div id="a125290" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Debt issuance costs </div><div id="a125293" style="position:absolute;left:523.56px;top:51px;">5,919</div><div id="a125297" style="position:absolute;left:625.68px;top:51px;">7,571</div><div id="a125301" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Indemnification assets </div><div id="a125304" style="position:absolute;left:523.56px;top:68px;">7,615</div><div id="a125308" style="position:absolute;left:625.68px;top:68px;">4,006</div><div id="a125312" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Supplemental retirement income program </div><div id="a125314" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125316" style="position:absolute;left:523.56px;top:85px;">1,961</div><div id="a125318" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125320" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125322" style="position:absolute;left:625.68px;top:85px;">1,782</div><div id="a125326" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Restricted insurance settlement </div><div id="a125330" style="position:absolute;left:540.4px;top:101.9px;">—</div><div id="a125332" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:101.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125335" style="position:absolute;left:619.12px;top:101.9px;">19,678</div><div id="a125339" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Other </div><div id="a125342" style="position:absolute;left:523.56px;top:119px;">2,344</div><div id="a125346" style="position:absolute;left:625.68px;top:119px;">2,403</div><div id="a125350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.7px"> </div>assets </div><div id="a125352" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:136.8px;">$ </div><div id="a125354" style="position:absolute;left:517px;top:136.8px;">31,796</div><div id="a125356" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:136.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125358" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:136.8px;">$ </div><div id="a125360" style="position:absolute;left:619.12px;top:136.8px;">40,433</div></div><div id="TextBlockContainer1042" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:726px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125363" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">During December 2020, the restrictions lapsed over certain<div style="display:inline-block;width:4.93px"> </div>cash that was previously only designated to be used for settlement<div style="display:inline-block;width:4.81px"> </div>of </div><div id="a125403" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">asbestos claims at an inactive subsidiary of the Company.<div style="display:inline-block;width:9.01px"> </div>As of December 31, 2020 and 2019, indemnification assets relates to </div><div id="a125443" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">certain Houghton foreign subsidiaries for which the Company<div style="display:inline-block;width:4.8px"> </div>expects it will incur additional tax amounts which are subject to </div><div id="a125482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">indemnification under the terms of the Combination<div style="display:inline-block;width:4.74px"> </div>share and purchase agreement.<div style="display:inline-block;width:7.46px"> </div>These indemnification assets have a </div><div id="a125514" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">corresponding uncertain tax position recorded in<div style="display:inline-block;width:4.53px"> </div>other non-current liabilities.<div style="display:inline-block;width:7.41px"> </div>As of December 31, 2020, one of the Company’s </div><div id="a125553" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">foreign pension plan’s<div style="display:inline-block;width:4.72px"> </div>fair value of plan assets exceeded its gross benefit obligation<div style="display:inline-block;width:4.75px"> </div>and was therefore over-funded, which is </div><div id="a125594" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">represented by the line Pension assets in the table above.<div style="display:inline-block;width:8.1px"> </div>See Notes 10, 12, 21 and 22 of Notes to Consolidated Financial<div style="display:inline-block;width:4.82px"> </div>Statements.</div></div> <div id="TextBlockContainer1040" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:665px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1038_XBRL_TS_001706e0c6524aa9adc68e73c24a4107" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1039" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:665px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125256" style="position:absolute;font-weight:bold;font-style:normal;left:498.12px;top:0px;">2020 </div><div id="a125259" style="position:absolute;font-weight:bold;font-style:normal;left:600.24px;top:0px;">2019 </div><div id="a125263" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Uncertain tax positions </div><div id="a125265" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.3px;">$ </div><div id="a125267" style="position:absolute;left:523.56px;top:17.3px;">7,209</div><div id="a125270" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:17.3px;">$ </div><div id="a125272" style="position:absolute;left:625.68px;top:17.3px;">4,993</div><div id="a125276" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Pension assets </div><div id="a125278" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:33.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125280" style="position:absolute;left:523.56px;top:33.9px;">6,748</div><div id="a125282" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:33.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125284" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:33.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125286" style="position:absolute;left:642.48px;top:33.9px;">—</div><div id="a125290" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Debt issuance costs </div><div id="a125293" style="position:absolute;left:523.56px;top:51px;">5,919</div><div id="a125297" style="position:absolute;left:625.68px;top:51px;">7,571</div><div id="a125301" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Indemnification assets </div><div id="a125304" style="position:absolute;left:523.56px;top:68px;">7,615</div><div id="a125308" style="position:absolute;left:625.68px;top:68px;">4,006</div><div id="a125312" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Supplemental retirement income program </div><div id="a125314" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125316" style="position:absolute;left:523.56px;top:85px;">1,961</div><div id="a125318" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:85px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125320" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:85px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a125322" style="position:absolute;left:625.68px;top:85px;">1,782</div><div id="a125326" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Restricted insurance settlement </div><div id="a125330" style="position:absolute;left:540.4px;top:101.9px;">—</div><div id="a125332" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:101.9px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125335" style="position:absolute;left:619.12px;top:101.9px;">19,678</div><div id="a125339" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Other </div><div id="a125342" style="position:absolute;left:523.56px;top:119px;">2,344</div><div id="a125346" style="position:absolute;left:625.68px;top:119px;">2,403</div><div id="a125350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.7px"> </div>assets </div><div id="a125352" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:136.8px;">$ </div><div id="a125354" style="position:absolute;left:517px;top:136.8px;">31,796</div><div id="a125356" style="position:absolute;font-weight:normal;font-style:normal;left:558.48px;top:136.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a125358" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:136.8px;">$ </div><div id="a125360" style="position:absolute;left:619.12px;top:136.8px;">40,433</div></div></div></div> 7209000 4993000 6748000 0 5919000 7571000 7615000 4006000 1961000 1782000 0 19678000 2344000 2403000 31796000 40433000 <div id="TextBlockContainer1044" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:446px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125642" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 19 – Other Accrued Liabilities </div><div id="a125654" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Other accrued liabilities as of December 31, 2020 and<div style="display:inline-block;width:4.75px"> </div>2019 were as follows:</div></div><div id="TextBlockContainer1048" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1046_XBRL_CS_7aabc72d48f641cc94f1ee18f9347002" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1047" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125684" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2020 </div><div id="a125688" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2019 </div><div id="a125692" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Non-income taxes </div><div id="a125696" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.8px;">$ </div><div id="a125698" style="position:absolute;left:515.88px;top:17.3px;">26,080</div><div id="a125701" style="position:absolute;font-weight:normal;font-style:normal;left:570.16px;top:17.8px;">$ </div><div id="a125703" style="position:absolute;left:618px;top:17.3px;">21,176</div><div id="a125707" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Current income taxes payable </div><div id="a125710" style="position:absolute;left:515.88px;top:33.9px;">13,124</div><div id="a125714" style="position:absolute;left:624.56px;top:33.9px;">7,503</div><div id="a125718" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Professional fees, legal, and acquisition-related accruals </div><div id="a125723" style="position:absolute;left:515.88px;top:50.9px;">11,437</div><div id="a125727" style="position:absolute;left:618px;top:50.9px;">17,103</div><div id="a125731" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Short-term lease liabilities </div><div id="a125737" style="position:absolute;left:515.88px;top:68px;">10,901</div><div id="a125741" style="position:absolute;left:618px;top:68px;">11,177</div><div id="a125745" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Selling expenses and freight accruals </div><div id="a125748" style="position:absolute;left:515.88px;top:85px;">10,475</div><div id="a125752" style="position:absolute;left:618px;top:85px;">11,350</div><div id="a125756" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Customer advances and sales return reserves </div><div id="a125759" style="position:absolute;left:522.44px;top:101.9px;">6,380</div><div id="a125763" style="position:absolute;left:624.56px;top:101.9px;">5,554</div><div id="a125767" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Other </div><div id="a125770" style="position:absolute;left:515.88px;top:118.9px;">13,710</div><div id="a125774" style="position:absolute;left:624.56px;top:118.9px;">9,742</div><div id="a125778" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.7px"> </div>accrued liabilities </div><div id="a125780" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:137.8px;">$ </div><div id="a125782" style="position:absolute;left:515.88px;top:136.8px;">92,107</div><div id="a125785" style="position:absolute;font-weight:normal;font-style:normal;left:570.16px;top:137.8px;">$ </div><div id="a125787" style="position:absolute;left:618px;top:136.8px;">83,605</div></div></div></div> <div id="TextBlockContainer1047" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125684" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:0px;">2020 </div><div id="a125688" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:0px;">2019 </div><div id="a125692" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Non-income taxes </div><div id="a125696" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:17.8px;">$ </div><div id="a125698" style="position:absolute;left:515.88px;top:17.3px;">26,080</div><div id="a125701" style="position:absolute;font-weight:normal;font-style:normal;left:570.16px;top:17.8px;">$ </div><div id="a125703" style="position:absolute;left:618px;top:17.3px;">21,176</div><div id="a125707" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Current income taxes payable </div><div id="a125710" style="position:absolute;left:515.88px;top:33.9px;">13,124</div><div id="a125714" style="position:absolute;left:624.56px;top:33.9px;">7,503</div><div id="a125718" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Professional fees, legal, and acquisition-related accruals </div><div id="a125723" style="position:absolute;left:515.88px;top:50.9px;">11,437</div><div id="a125727" style="position:absolute;left:618px;top:50.9px;">17,103</div><div id="a125731" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Short-term lease liabilities </div><div id="a125737" style="position:absolute;left:515.88px;top:68px;">10,901</div><div id="a125741" style="position:absolute;left:618px;top:68px;">11,177</div><div id="a125745" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Selling expenses and freight accruals </div><div id="a125748" style="position:absolute;left:515.88px;top:85px;">10,475</div><div id="a125752" style="position:absolute;left:618px;top:85px;">11,350</div><div id="a125756" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Customer advances and sales return reserves </div><div id="a125759" style="position:absolute;left:522.44px;top:101.9px;">6,380</div><div id="a125763" style="position:absolute;left:624.56px;top:101.9px;">5,554</div><div id="a125767" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Other </div><div id="a125770" style="position:absolute;left:515.88px;top:118.9px;">13,710</div><div id="a125774" style="position:absolute;left:624.56px;top:118.9px;">9,742</div><div id="a125778" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.7px"> </div>accrued liabilities </div><div id="a125780" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:137.8px;">$ </div><div id="a125782" style="position:absolute;left:515.88px;top:136.8px;">92,107</div><div id="a125785" style="position:absolute;font-weight:normal;font-style:normal;left:570.16px;top:137.8px;">$ </div><div id="a125787" style="position:absolute;left:618px;top:136.8px;">83,605</div></div> 26080000 21176000 13124000 7503000 11437000 17103000 10901000 11177000 10475000000 11350000 6380000 5554000 13710000 9742000 92107000 83605000 <div id="TextBlockContainer1050" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:379px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125790" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 20 – Debt </div><div id="a125798" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Debt as of December 31, 2020 and 2019 includes the<div style="display:inline-block;width:4.55px"> </div>following:</div></div><div id="TextBlockContainer1053" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:674px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125824" style="position:absolute;font-weight:bold;font-style:normal;left:324.493px;top:0px;">As of December 31, 2020 </div><div id="a125827" style="position:absolute;font-weight:bold;font-style:normal;left:511.56px;top:0px;">As of December 31, 2019 </div><div id="a125833" style="position:absolute;font-weight:bold;font-style:normal;left:313.933px;top:16.8px;">Interest </div><div id="a125836" style="position:absolute;font-weight:bold;font-style:normal;left:396.68px;top:16.8px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a125839" style="position:absolute;font-weight:bold;font-style:normal;left:505.96px;top:16.8px;">Interest </div><div id="a125841" style="position:absolute;font-weight:bold;font-style:normal;left:578.64px;top:16.8px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a125847" style="position:absolute;font-weight:bold;font-style:normal;left:322.893px;top:31.2px;">Rate </div><div id="a125850" style="position:absolute;font-weight:bold;font-style:normal;left:409.64px;top:31.2px;">Balance </div><div id="a125853" style="position:absolute;font-weight:bold;font-style:normal;left:514.92px;top:31.2px;">Rate </div><div id="a125855" style="position:absolute;font-weight:bold;font-style:normal;left:591.6px;top:31.2px;">Balance </div><div id="a125859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:47.4px;">Credit Facilities: </div><div id="a125874" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:64.8px;">Revolver </div><div id="a125877" style="position:absolute;left:324.013px;top:64.8px;display:flex;">1.65%</div><div id="a125880" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:64.8px;">$ </div><div id="a125882" style="position:absolute;left:435.72px;top:64.8px;">160,000</div><div id="a125885" style="position:absolute;left:505.96px;top:64.8px;display:flex;">3.20%</div><div id="a125888" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:64.8px;">$ </div><div id="a125890" style="position:absolute;left:617.68px;top:64.8px;">171,169</div><div id="a125895" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:81.8px;">U.S. Term Loan </div><div id="a125898" style="position:absolute;left:324.013px;top:81.8px;display:flex;">1.65%</div><div id="a125902" style="position:absolute;left:435.72px;top:81.8px;">570,000</div><div id="a125905" style="position:absolute;left:505.96px;top:81.8px;display:flex;">3.20%</div><div id="a125909" style="position:absolute;left:617.68px;top:81.8px;">600,000</div><div id="a125914" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:98.9px;">EURO Term Loan </div><div id="a125917" style="position:absolute;left:324.013px;top:98.9px;display:flex;">1.50%</div><div id="a125921" style="position:absolute;left:435.72px;top:98.9px;">157,062</div><div id="a125924" style="position:absolute;left:505.96px;top:98.9px;display:flex;">1.50%</div><div id="a125928" style="position:absolute;left:617.68px;top:98.9px;">151,188</div><div id="a125932" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.1px;">Industrial development bonds </div><div id="a125935" style="position:absolute;left:324.013px;top:115.9px;display:flex;">5.26%</div><div id="a125939" style="position:absolute;left:442.44px;top:115.9px;">10,000</div><div id="a125942" style="position:absolute;left:505.96px;top:115.9px;display:flex;">5.26%</div><div id="a125946" style="position:absolute;left:624.4px;top:115.9px;">10,000</div><div id="a125950" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:132px;">Bank lines of credit and other debt obligations </div><div id="a125953" style="position:absolute;font-weight:normal;font-style:normal;left:320.173px;top:132.8px;">Various </div><div id="a125957" style="position:absolute;left:449px;top:132.8px;">2,072</div><div id="a125960" style="position:absolute;font-weight:normal;font-style:normal;left:502.12px;top:132.8px;">Various </div><div id="a125964" style="position:absolute;left:630.96px;top:132.8px;">2,608</div><div id="a125968" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:149.3px;">Total debt </div><div id="a125973" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:149.8px;">$ </div><div id="a125975" style="position:absolute;left:435.72px;top:149.8px;">899,134</div><div id="a125980" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:149.8px;">$ </div><div id="a125982" style="position:absolute;left:617.68px;top:149.8px;">934,965</div><div id="a125986" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:166px;">Less: debt issuance costs </div><div id="a125992" style="position:absolute;left:437.48px;top:166.9px;">(11,099)</div><div id="a125998" style="position:absolute;left:619.44px;top:166.9px;">(14,196)</div><div id="a126002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:183.1px;">Less: short-term and current portion of long-term debts </div><div id="a126012" style="position:absolute;left:437.48px;top:183.9px;">(38,967)</div><div id="a126018" style="position:absolute;left:619.44px;top:183.9px;">(38,332)</div><div id="a126022" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200.8px;">Total long<div style="display:inline-block;width:1.36px"> </div>-term debt </div><div id="a126029" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:201.8px;">$ </div><div id="a126031" style="position:absolute;left:436.84px;top:201.8px;">849,068</div><div id="a126036" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:201.8px;">$ </div><div id="a126038" style="position:absolute;left:618.8px;top:201.8px;">882,437</div></div><div id="TextBlockContainer1056" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:734px;height:738px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a126090" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Credit facilities </div><div id="a126094" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company’s primary<div style="display:inline-block;width:4.76px"> </div>credit facility (as amended, the “Credit Facility”) is comprised<div style="display:inline-block;width:4.71px"> </div>of a $</div><div id="a126094_93_5" style="position:absolute;left:529.639px;top:23.4px;">400.0</div><div id="a126094_98_23" style="position:absolute;font-weight:normal;font-style:normal;left:559.719px;top:23.4px;"><div style="display:inline-block;width:3.36px"> </div>million multicurrency </div><div id="a126128" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">revolver (the “Revolver”), a $</div><div id="a126128_30_5" style="position:absolute;left:163.973px;top:38.7px;">600.0</div><div id="a126128_35_85" style="position:absolute;font-weight:normal;font-style:normal;left:194.053px;top:38.7px;"><div style="display:inline-block;width:3.36px"> </div>million term loan (the “U.S. Term<div style="display:inline-block;width:5px"> </div>Loan”), each with the Company as borrower,<div style="display:inline-block;width:5.06px"> </div>and a $</div><div id="a126128_120_5" style="position:absolute;left:665.199px;top:38.7px;">150.0</div><div id="a126128_125_1" style="position:absolute;font-weight:normal;font-style:normal;left:695.279px;top:38.7px;"> </div><div id="a126172" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">million (as of August 1, 2019) Euro equivalent term loan (the<div style="display:inline-block;width:4.71px"> </div>“EURO Term Loan”<div style="display:inline-block;width:4.89px"> </div>and together with the “U.S. Term<div style="display:inline-block;width:5.02px"> </div>Loan”, the </div><div id="a126219" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">“Term Loans”<div style="display:inline-block;width:1.44px"> </div>)<div style="display:inline-block;width:3.42px"> </div>with Quaker Chemical B.V.,<div style="display:inline-block;width:5.48px"> </div>a Dutch subsidiary of the Company as borrower,<div style="display:inline-block;width:4.96px"> </div>each with a five-year term maturing in </div><div id="a126264" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">August 2024.<div style="display:inline-block;width:7.18px"> </div>Subject to the consent of the administrative agent and certain<div style="display:inline-block;width:4.71px"> </div>other conditions, the Company may designate additional </div><div id="a126302" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">borrowers.<div style="display:inline-block;width:7.03px"> </div>The maximum amount available under the Credit Facility can be<div style="display:inline-block;width:4.73px"> </div>increased by up to $</div><div id="a126302_94_5" style="position:absolute;left:524.04px;top:100px;">300.0</div><div id="a126302_99_26" style="position:absolute;font-weight:normal;font-style:normal;left:554.12px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million at the Company’s </div><div id="a126342" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">request if there are lenders who agree to accept additional<div style="display:inline-block;width:4.87px"> </div>commitments and the Company has satisfied certain other<div style="display:inline-block;width:4.76px"> </div>conditions.<div style="display:inline-block;width:3.43px"> </div></div><div id="a126381" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">Borrowings under the Credit Facility bear interest at a base<div style="display:inline-block;width:4.8px"> </div>rate or LIBOR plus an applicable margin based upon<div style="display:inline-block;width:4.89px"> </div>the Company’s </div><div id="a126423" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">consolidated net leverage ratio.<div style="display:inline-block;width:7.38px"> </div>There are LIBOR replacement provisions that contemplate a further<div style="display:inline-block;width:4.88px"> </div>amendment if and when LIBOR </div><div id="a126460" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">ceases to be reported.<div style="display:inline-block;width:7.33px"> </div>The variable interest rate incurred on the outstanding borrowings under<div style="display:inline-block;width:4.86px"> </div>the Credit Facility during the year </div><div id="a126501" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">ended December 31, 2020 was approximately </div><div id="a126501_42_3" style="position:absolute;left:252.333px;top:176.6px;">2.2</div><div id="a126501_45_75" style="position:absolute;font-weight:normal;font-style:normal;left:269.133px;top:176.6px;">%.<div style="display:inline-block;width:6.74px"> </div>As of December 31, 2020, the variable interest rate on the outstanding </div><div id="a126542" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">borrowings under the Credit Facility was approximately </div><div id="a126542_55_3" style="position:absolute;left:307.053px;top:192px;">1.6</div><div id="a126542_58_77" style="position:absolute;font-weight:normal;font-style:normal;left:323.693px;top:192px;">%.<div style="display:inline-block;width:6.74px"> </div>In addition to paying interest on outstanding principal under<div style="display:inline-block;width:4.83px"> </div>the Credit </div><div id="a126582" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">Facility, the Company<div style="display:inline-block;width:4.89px"> </div>is required to pay a commitment fee ranging from </div><div id="a126582_71_3" style="position:absolute;left:396.04px;top:207.4px;">0.2</div><div id="a126582_74_5" style="position:absolute;font-weight:normal;font-style:normal;left:412.84px;top:207.4px;">% to </div><div id="a126582_79_3" style="position:absolute;left:440.84px;top:207.4px;">0.3</div><div id="a126582_82_46" style="position:absolute;font-weight:normal;font-style:normal;left:457.64px;top:207.4px;">% depending on the Company’s<div style="display:inline-block;width:4.78px"> </div>consolidated net </div><div id="a126625" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">leverage ratio to the lenders under the Revolver in<div style="display:inline-block;width:4.55px"> </div>respect of the unutilized commitments thereunder.<div style="display:inline-block;width:8.65px"> </div>The Company has unused </div><div id="a126663" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.1px;">capacity under the Revolver of approximately $</div><div id="a126663_46_3" style="position:absolute;left:259.373px;top:238.1px;">234</div><div id="a126663_49_58" style="position:absolute;font-weight:normal;font-style:normal;left:279.373px;top:238.1px;"><div style="display:inline-block;width:3.36px"> </div>million, net of bank letters of credit of approximately $</div><div id="a126663_107_1" style="position:absolute;left:576.88px;top:238.1px;">6</div><div id="a126663_108_25" style="position:absolute;font-weight:normal;font-style:normal;left:583.44px;top:238.1px;"><div style="display:inline-block;width:3.36px"> </div>million, as of December </div><div id="a126708" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:253.3px;">31, 2020.<div style="display:inline-block;width:7.03px"> </div>Until closing of the Combination, the Company incurred ticking<div style="display:inline-block;width:4.81px"> </div>fees to maintain the bank commitment, which began to </div><div id="a126748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:268.7px;">accrue on September 29, 2017.<div style="display:inline-block;width:7.4px"> </div>Concurrent with the closing of the Combination and executing the<div style="display:inline-block;width:4.75px"> </div>Credit Facility on August 1, 2019, </div><div id="a126790" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284px;">the Company paid approximately $</div><div id="a126790_32_3" style="position:absolute;left:192.613px;top:284px;">6.3</div><div id="a126790_35_26" style="position:absolute;font-weight:normal;font-style:normal;left:209.253px;top:284px;"><div style="display:inline-block;width:3.36px"> </div>million of ticking fees. </div><div id="a126809" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:307.4px;">The Credit Facility is subject to certain financial and<div style="display:inline-block;width:4.54px"> </div>other covenants.<div style="display:inline-block;width:7.24px"> </div></div><div id="a126809_74_47" style="position:absolute;left:406.759px;top:307.4px;">The Company’s initial consolidated net debt to </div><div id="a126846" style="position:absolute;left:4.427px;top:322.8px;">consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit </div><div id="a126893" style="position:absolute;left:4.427px;top:338px;">Facility. As of December 31, 2020, the consolidated net debt to adjusted EBITDA may not exceed 4.00 to 1. The Company’s </div><div id="a126935" style="position:absolute;left:4.427px;top:353.3px;">consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1 over the term of the agreement. The Credit </div><div id="a126980" style="position:absolute;left:4.427px;top:368.7px;">Facility also prohibits the payment of cash dividends if the Company is in default or if the amount of the dividend paid annually </div><div id="a127026" style="position:absolute;left:4.427px;top:384px;">exceeds the greater of $50.0 million and 20% of consolidated adjusted EBITDA unless the ratio of consolidated net debt to </div><div id="a127066" style="position:absolute;left:4.427px;top:399.4px;">consolidated adjusted EBITDA is less than 2.0 to 1, in which case there is no such limitation on amount.</div><div id="a127066_104_2" style="position:absolute;font-weight:normal;font-style:normal;left:561.96px;top:399.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a127066_106_24" style="position:absolute;left:568.68px;top:399.4px;">As of December 31, 2020 </div><div id="a127114" style="position:absolute;left:4.427px;top:414.8px;">and December 31, 2019, the Company was in compliance with all of the Credit Facility covenants.</div><div id="a127114_95_32" style="position:absolute;font-weight:normal;font-style:normal;left:531.239px;top:414.8px;"><div style="display:inline-block;width:6.72px"> </div>The Term Loans have<div style="display:inline-block;width:4.72px"> </div>quarterly </div><div id="a127157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430px;">principal amortization during their five-year terms,<div style="display:inline-block;width:4.76px"> </div>with </div><div id="a127157_58_3" style="position:absolute;left:306.733px;top:430px;">5.0</div><div id="a127157_61_62" style="position:absolute;font-weight:normal;font-style:normal;left:323.373px;top:430px;">% amortization of the principal balance due in years<div style="display:inline-block;width:4.54px"> </div>1 and 2, </div><div id="a127157_123_3" style="position:absolute;left:651.119px;top:430px;">7.5</div><div id="a127157_126_10" style="position:absolute;font-weight:normal;font-style:normal;left:667.919px;top:430px;">% in year </div><div id="a127203" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:445.3px;">3, and </div><div id="a127203_7_4" style="position:absolute;left:40.459px;top:445.3px;">10.0</div><div id="a127203_11_119" style="position:absolute;font-weight:normal;font-style:normal;left:63.818px;top:445.3px;">% in years 4 and 5, with the remaining principal amount due at<div style="display:inline-block;width:4.77px"> </div>maturity.<div style="display:inline-block;width:7.75px"> </div>During the year ended December 31, 2020, the </div><div id="a127253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:460.7px;">Company made four quarterly amortization payments<div style="display:inline-block;width:4.76px"> </div>related to the Term Loans<div style="display:inline-block;width:4.74px"> </div>totaling $</div><div id="a127253_86_4" style="position:absolute;left:485.96px;top:460.7px;">37.6</div><div id="a127253_90_34" style="position:absolute;font-weight:normal;font-style:normal;left:509.48px;top:460.7px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>The Credit Facility is </div><div id="a127294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:476.1px;">guaranteed by certain of the Company’s<div style="display:inline-block;width:5.15px"> </div>domestic subsidiaries and is secured by first priority liens on substantially<div style="display:inline-block;width:4.91px"> </div>all of the assets of </div><div id="a127338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:491.4px;">the Company and the domestic subsidiary guarantors,<div style="display:inline-block;width:4.73px"> </div>subject to certain customary exclusions.<div style="display:inline-block;width:7.49px"> </div>The obligations of the Dutch borrower </div><div id="a127375" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:506.8px;">are guaranteed only by certain foreign subsidiaries on<div style="display:inline-block;width:4.78px"> </div>an unsecured basis. </div><div id="a127397" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:530px;">The Credit Facility required the Company to fix its variable<div style="display:inline-block;width:4.87px"> </div>interest rates on at least 20% of its total Term<div style="display:inline-block;width:5.2px"> </div>Loans.<div style="display:inline-block;width:6.95px"> </div>In order to </div><div id="a127446" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:545.3px;">satisfy this requirement as well as to manage the<div style="display:inline-block;width:4.74px"> </div>Company’s exposure to variable<div style="display:inline-block;width:4.69px"> </div>interest rate risk associated with the Credit Facility, </div><div id="a127489" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:560.7px;">in November 2019, the Company entered into $</div><div id="a127489_44_5" style="position:absolute;left:259.373px;top:560.7px;">170.0</div><div id="a127489_49_78" style="position:absolute;font-weight:normal;font-style:normal;left:289.453px;top:560.7px;"><div style="display:inline-block;width:3.36px"> </div>million notional amounts of three-year interest rate swaps at a base<div style="display:inline-block;width:4.73px"> </div>rate of </div><div id="a127533" style="position:absolute;left:4.427px;top:576.1px;">1.64</div><div id="a127533_4_128" style="position:absolute;font-weight:normal;font-style:normal;left:27.946px;top:576.1px;">% plus an applicable margin as provided in the Credit<div style="display:inline-block;width:4.74px"> </div>Facility, based on the Company’s<div style="display:inline-block;width:5.4px"> </div>consolidated net leverage ratio.<div style="display:inline-block;width:7.55px"> </div>At the </div><div id="a127576" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:591.4px;">time the Company entered into the swaps, and as<div style="display:inline-block;width:4.7px"> </div>of December 31, 2020,<div style="display:inline-block;width:3.88px"> </div>the aggregate interest rate on the swaps, including the fixed </div><div id="a127623" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:606.8px;">base rate plus an applicable margin, was </div><div id="a127623_41_3" style="position:absolute;left:223.053px;top:606.8px;">3.1</div><div id="a127623_44_63" style="position:absolute;font-weight:normal;font-style:normal;left:239.853px;top:606.8px;">%.<div style="display:inline-block;width:6.58px"> </div>See Note 25 of Notes to Consolidated Financial Statements. </div><div id="a127657" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:630px;">The Company capitalized $</div><div id="a127657_25_4" style="position:absolute;left:175.493px;top:630px;">23.7</div><div id="a127657_29_103" style="position:absolute;font-weight:normal;font-style:normal;left:198.853px;top:630px;"><div style="display:inline-block;width:3.36px"> </div>million of certain third-party debt issuance costs in connection<div style="display:inline-block;width:4.8px"> </div>with executing the Credit Facility.<div style="display:inline-block;width:4.84px"> </div></div><div id="a127695" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:645.3px;">Approximately $</div><div id="a127695_15_4" style="position:absolute;left:95.339px;top:645.3px;">15.5</div><div id="a127695_19_111" style="position:absolute;font-weight:normal;font-style:normal;left:118.693px;top:645.3px;"><div style="display:inline-block;width:3.36px"> </div>million of the capitalized costs were attributed to the Term<div style="display:inline-block;width:5.55px"> </div>Loans and recorded as a direct reduction of long-</div><div id="a127737" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:660.7px;">term debt on the Company’s<div style="display:inline-block;width:4.74px"> </div>Consolidated Balance Sheet.<div style="display:inline-block;width:7.41px"> </div>Approximately $</div><div id="a127737_71_3" style="position:absolute;left:410.28px;top:660.7px;">8.3</div><div id="a127737_74_57" style="position:absolute;font-weight:normal;font-style:normal;left:426.92px;top:660.7px;"><div style="display:inline-block;width:3.36px"> </div>million of the capitalized costs were attributed to the </div><div id="a127776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:676.1px;">Revolver and recorded within other assets on the Company’s<div style="display:inline-block;width:5.48px"> </div>Consolidated Balance Sheet.<div style="display:inline-block;width:7.24px"> </div>These capitalized costs are being </div><div id="a127810" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:691.5px;">amortized into interest expense over the five-year term<div style="display:inline-block;width:4.66px"> </div>of the Credit Facility.<div style="display:inline-block;width:8px"> </div>As of December 31, 2020 and 2019,<div style="display:inline-block;width:4.33px"> </div>the Company had </div><div id="a127858" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:706.7px;">$</div><div id="a127858_1_4" style="position:absolute;left:11.147px;top:706.7px;">11.1</div><div id="a127858_5_14" style="position:absolute;font-weight:normal;font-style:normal;left:34.507px;top:706.7px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a127858_19_4" style="position:absolute;left:108.933px;top:706.7px;">14.2</div><div id="a127858_23_110" style="position:absolute;font-weight:normal;font-style:normal;left:132.293px;top:706.7px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively,<div style="display:inline-block;width:4.74px"> </div>of debt issuance costs recorded as a reduction of long-term<div style="display:inline-block;width:4.81px"> </div>debt.<div style="display:inline-block;width:6.82px"> </div>As of December 31, </div><div id="a127903" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:722px;">2020 and 2019, the Company had $</div><div id="a127903_32_3" style="position:absolute;left:194.693px;top:722px;">5.9</div><div id="a127903_35_14" style="position:absolute;font-weight:normal;font-style:normal;left:211.333px;top:722px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a127903_49_3" style="position:absolute;left:285.773px;top:722px;">7.6</div><div id="a127903_52_76" style="position:absolute;font-weight:normal;font-style:normal;left:302.413px;top:722px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively,<div style="display:inline-block;width:4.72px"> </div>of debt issuance costs recorded within other assets.</div></div><div id="TextBlockContainer1058" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127946" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Industrial development bonds </div><div id="a127952" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As of December 31, 2020 and 2019, the Company<div style="display:inline-block;width:4.73px"> </div>had fixed rate, industrial development authority bonds totaling $</div><div id="a127952_111_4" style="position:absolute;left:643.279px;top:23.4px;">10.0</div><div id="a127952_115_12" style="position:absolute;font-weight:normal;font-style:normal;left:666.639px;top:23.4px;"><div style="display:inline-block;width:3.2px"> </div>million in </div><div id="a127996" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">principal amount due in </div><div id="a127996_24_4" style="position:absolute;left:134.853px;top:38.7px;-sec-ix-hidden:ID_2425;">2028</div><div id="a127996_28_74" style="position:absolute;font-weight:normal;font-style:normal;left:161.573px;top:38.7px;">.<div style="display:inline-block;width:6.6px"> </div>These bonds have similar covenants to the Credit Facility noted<div style="display:inline-block;width:4.75px"> </div>above. </div><div id="a128029" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:62.1px;">The Company also had a $</div><div id="a128029_24_3" style="position:absolute;left:171.173px;top:62.1px;">5.0</div><div id="a128029_27_77" style="position:absolute;font-weight:normal;font-style:normal;left:187.813px;top:62.1px;"><div style="display:inline-block;width:3.2px"> </div>million industrial development authority bond bearing<div style="display:inline-block;width:4.82px"> </div>interest at a rate of </div><div id="a128029_104_4" style="position:absolute;left:586.479px;top:62.1px;">5.60</div><div id="a128029_108_17" style="position:absolute;font-weight:normal;font-style:normal;left:609.839px;top:62.1px;">%, which matured </div><div id="a128070" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:77.4px;">and was paid off during the fourth quarter of </div><div id="a128070_46_4" style="position:absolute;left:245.613px;top:77.4px;-sec-ix-hidden:ID_2426;">2018</div><div id="a128070_50_4" style="position:absolute;font-weight:normal;font-style:normal;left:272.333px;top:77.4px;">.<div style="display:inline-block;width:6.44px"> </div></div></div><div id="TextBlockContainer1060" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128140" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Bank lines of credit and other<div style="display:inline-block;width:4.53px"> </div>debt obligations </div><div id="a128156" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company has certain unsecured bank lines of credit<div style="display:inline-block;width:4.89px"> </div>and discounting facilities in certain foreign subsidiaries, which are<div style="display:inline-block;width:4.75px"> </div>not </div><div id="a128194" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">collateralized.<div style="display:inline-block;width:7.12px"> </div>The Company’s other debt<div style="display:inline-block;width:4.7px"> </div>obligations primarily consist of certain domestic and foreign<div style="display:inline-block;width:4.88px"> </div>low interest rate or interest-</div><div id="a128230" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">free municipality-related loans, local credit facilities of<div style="display:inline-block;width:4.79px"> </div>certain foreign subsidiaries and capital lease obligations.<div style="display:inline-block;width:7.84px"> </div>Total unused </div><div id="a128266" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.4px;">capacity under these arrangements as of December<div style="display:inline-block;width:4.57px"> </div>31, 2020 was approximately $</div><div id="a128266_77_2" style="position:absolute;left:440.04px;top:69.4px;">40</div><div id="a128266_79_10" style="position:absolute;font-weight:normal;font-style:normal;left:453.32px;top:69.4px;"><div style="display:inline-block;width:3.36px"> </div>million. </div><div id="a128294" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.6px;">In addition to the bank letters of credit described in<div style="display:inline-block;width:4.76px"> </div>the “Credit facilities” subsection above, the Company’s<div style="display:inline-block;width:5.24px"> </div>only other off-balance </div><div id="a128337" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108px;">sheet arrangements include certain financial and other<div style="display:inline-block;width:4.72px"> </div>guarantees.<div style="display:inline-block;width:6.78px"> </div>The Company’s total bank<div style="display:inline-block;width:4.78px"> </div>letters of credit and guarantees </div><div id="a128371" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">outstanding as of December 31, 2020 were approximately<div style="display:inline-block;width:4.67px"> </div>$</div><div id="a128371_56_2" style="position:absolute;left:323.213px;top:123.4px;">10</div><div id="a128371_58_10" style="position:absolute;font-weight:normal;font-style:normal;left:336.653px;top:123.4px;"><div style="display:inline-block;width:3.36px"> </div>million. </div><div id="a128393" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:146.7px;">The Company incurred the following debt related expenses<div style="display:inline-block;width:4.7px"> </div>included within Interest expense, net, in the Consolidated<div style="display:inline-block;width:4.83px"> </div>Statements </div><div id="a128429" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:162.1px;">of Income:</div></div><div id="TextBlockContainer1063" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128437" style="position:absolute;font-weight:bold;font-style:normal;left:442.76px;top:0px;">Year<div style="display:inline-block;width:4.97px"> </div>Ended December 31, </div><div id="a128443" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:17.3px;">2020 </div><div id="a128447" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:17.3px;">2019 </div><div id="a128451" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:17.3px;">2018 </div><div id="a128455" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.2px;">Interest expense </div><div id="a128457" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.7px;">$ </div><div id="a128459" style="position:absolute;left:413.96px;top:34.2px;">23,552</div><div id="a128462" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.7px;">$ </div><div id="a128464" style="position:absolute;left:515.88px;top:34.2px;">16,788</div><div id="a128467" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.7px;">$ </div><div id="a128469" style="position:absolute;left:624.56px;top:34.2px;">6,158</div><div id="a128473" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Amortization of debt issuance costs </div><div id="a128476" style="position:absolute;left:420.52px;top:50.9px;">4,749</div><div id="a128480" style="position:absolute;left:522.44px;top:50.9px;">1,979</div><div id="a128484" style="position:absolute;left:641.36px;top:50.9px;">70</div><div id="a128488" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Total </div><div id="a128490" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:69.8px;">$ </div><div id="a128492" style="position:absolute;left:413.96px;top:68.8px;">28,301</div><div id="a128495" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:69.8px;">$ </div><div id="a128497" style="position:absolute;left:515.88px;top:68.8px;">18,767</div><div id="a128500" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:69.8px;">$ </div><div id="a128502" style="position:absolute;left:624.56px;top:68.8px;">6,228</div></div><div id="TextBlockContainer1066" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:723px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128505" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Based on the variable interest rates associated with the Credit<div style="display:inline-block;width:4.75px"> </div>Facility, as of December<div style="display:inline-block;width:4.91px"> </div>31, 2020 and 2019, the amounts at which </div><div id="a128549" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the Company’s total debt<div style="display:inline-block;width:4.8px"> </div>were recorded are not materially different from<div style="display:inline-block;width:4.79px"> </div>their fair market value.</div></div><div id="TextBlockContainer1068" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128579" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">At December 31, 2020, annual maturities on long-term<div style="display:inline-block;width:4.67px"> </div>borrowings maturing in the next five fiscal years (excluding<div style="display:inline-block;width:4.8px"> </div>the reduction </div><div id="a128619" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">to long-term debt attributed to capitalized and unamortized<div style="display:inline-block;width:4.75px"> </div>debt issuance costs) are as follows:</div></div><div id="TextBlockContainer1072" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1070_XBRL_CS_d27289b0b9114b079f904fd5deff242f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1071" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128651" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">2021 </div><div id="a128653" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:0px;">$ </div><div id="a128655" style="position:absolute;left:273.933px;top:0px;">38,795</div><div id="a128659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.1px;">2022 </div><div id="a128662" style="position:absolute;left:273.933px;top:17.1px;">57,850</div><div id="a128666" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">2023 </div><div id="a128669" style="position:absolute;left:273.933px;top:34.1px;">76,943</div><div id="a128673" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">2024 </div><div id="a128676" style="position:absolute;left:267.213px;top:51px;">715,227</div><div id="a128680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">2025 </div><div id="a128683" style="position:absolute;left:290.573px;top:68px;">231</div></div></div></div> <div id="TextBlockContainer1054" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:674px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1052_XBRL_TS_2e84f6708bf249a6a60e202b921bc8f4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1053" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:674px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125824" style="position:absolute;font-weight:bold;font-style:normal;left:324.493px;top:0px;">As of December 31, 2020 </div><div id="a125827" style="position:absolute;font-weight:bold;font-style:normal;left:511.56px;top:0px;">As of December 31, 2019 </div><div id="a125833" style="position:absolute;font-weight:bold;font-style:normal;left:313.933px;top:16.8px;">Interest </div><div id="a125836" style="position:absolute;font-weight:bold;font-style:normal;left:396.68px;top:16.8px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a125839" style="position:absolute;font-weight:bold;font-style:normal;left:505.96px;top:16.8px;">Interest </div><div id="a125841" style="position:absolute;font-weight:bold;font-style:normal;left:578.64px;top:16.8px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a125847" style="position:absolute;font-weight:bold;font-style:normal;left:322.893px;top:31.2px;">Rate </div><div id="a125850" style="position:absolute;font-weight:bold;font-style:normal;left:409.64px;top:31.2px;">Balance </div><div id="a125853" style="position:absolute;font-weight:bold;font-style:normal;left:514.92px;top:31.2px;">Rate </div><div id="a125855" style="position:absolute;font-weight:bold;font-style:normal;left:591.6px;top:31.2px;">Balance </div><div id="a125859" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:47.4px;">Credit Facilities: </div><div id="a125874" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:64.8px;">Revolver </div><div id="a125877" style="position:absolute;left:324.013px;top:64.8px;display:flex;">1.65%</div><div id="a125880" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:64.8px;">$ </div><div id="a125882" style="position:absolute;left:435.72px;top:64.8px;">160,000</div><div id="a125885" style="position:absolute;left:505.96px;top:64.8px;display:flex;">3.20%</div><div id="a125888" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:64.8px;">$ </div><div id="a125890" style="position:absolute;left:617.68px;top:64.8px;">171,169</div><div id="a125895" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:81.8px;">U.S. Term Loan </div><div id="a125898" style="position:absolute;left:324.013px;top:81.8px;display:flex;">1.65%</div><div id="a125902" style="position:absolute;left:435.72px;top:81.8px;">570,000</div><div id="a125905" style="position:absolute;left:505.96px;top:81.8px;display:flex;">3.20%</div><div id="a125909" style="position:absolute;left:617.68px;top:81.8px;">600,000</div><div id="a125914" style="position:absolute;font-weight:normal;font-style:normal;left:14.379px;top:98.9px;">EURO Term Loan </div><div id="a125917" style="position:absolute;left:324.013px;top:98.9px;display:flex;">1.50%</div><div id="a125921" style="position:absolute;left:435.72px;top:98.9px;">157,062</div><div id="a125924" style="position:absolute;left:505.96px;top:98.9px;display:flex;">1.50%</div><div id="a125928" style="position:absolute;left:617.68px;top:98.9px;">151,188</div><div id="a125932" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.1px;">Industrial development bonds </div><div id="a125935" style="position:absolute;left:324.013px;top:115.9px;display:flex;">5.26%</div><div id="a125939" style="position:absolute;left:442.44px;top:115.9px;">10,000</div><div id="a125942" style="position:absolute;left:505.96px;top:115.9px;display:flex;">5.26%</div><div id="a125946" style="position:absolute;left:624.4px;top:115.9px;">10,000</div><div id="a125950" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:132px;">Bank lines of credit and other debt obligations </div><div id="a125953" style="position:absolute;font-weight:normal;font-style:normal;left:320.173px;top:132.8px;">Various </div><div id="a125957" style="position:absolute;left:449px;top:132.8px;">2,072</div><div id="a125960" style="position:absolute;font-weight:normal;font-style:normal;left:502.12px;top:132.8px;">Various </div><div id="a125964" style="position:absolute;left:630.96px;top:132.8px;">2,608</div><div id="a125968" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:149.3px;">Total debt </div><div id="a125973" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:149.8px;">$ </div><div id="a125975" style="position:absolute;left:435.72px;top:149.8px;">899,134</div><div id="a125980" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:149.8px;">$ </div><div id="a125982" style="position:absolute;left:617.68px;top:149.8px;">934,965</div><div id="a125986" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:166px;">Less: debt issuance costs </div><div id="a125992" style="position:absolute;left:437.48px;top:166.9px;">(11,099)</div><div id="a125998" style="position:absolute;left:619.44px;top:166.9px;">(14,196)</div><div id="a126002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:183.1px;">Less: short-term and current portion of long-term debts </div><div id="a126012" style="position:absolute;left:437.48px;top:183.9px;">(38,967)</div><div id="a126018" style="position:absolute;left:619.44px;top:183.9px;">(38,332)</div><div id="a126022" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200.8px;">Total long<div style="display:inline-block;width:1.36px"> </div>-term debt </div><div id="a126029" style="position:absolute;font-weight:normal;font-style:normal;left:381.48px;top:201.8px;">$ </div><div id="a126031" style="position:absolute;left:436.84px;top:201.8px;">849,068</div><div id="a126036" style="position:absolute;font-weight:normal;font-style:normal;left:563.44px;top:201.8px;">$ </div><div id="a126038" style="position:absolute;left:618.8px;top:201.8px;">882,437</div></div></div></div> 1.65 160000000 3.20 171169000 1.65 570000000 0.0320 600000000 1.50 157062000 0.0150 151188000 5.26 10000000 5.26 10000000 2072000 2608000 899134000 934965000 11099000 14196000 38967000 38332000 849068000 882437000 400000000.0 400000000.0 600000000.0 600000000.0 150000000.0 150000000.0 300000000.0 0.022 0.016 0.002 0.003 234000000 6000000 6300000 The Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit Facility. As of December 31, 2020, the consolidated net debt to adjusted EBITDA may not exceed 4.00 to 1. The Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1 over the term of the agreement. The Credit Facility also prohibits the payment of cash dividends if the Company is in default or if the amount of the dividend paid annually exceeds the greater of $50.0 million and 20% of consolidated adjusted EBITDA unless the ratio of consolidated net debt to consolidated adjusted EBITDA is less than 2.0 to 1, in which case there is no such limitation on amount. As of December 31, 2020 and December 31, 2019, the Company was in compliance with all of the Credit Facility covenants. 0.050 0.050 0.075 0.100 37600000 170000000.0 0.0164 0.031 23700000 15500000 8300000 11100000 14200000 5900000 7600000 10000000.0 5000000.0 0.0560 40000000 10000000 <div id="TextBlockContainer1064" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1062_XBRL_TS_8f15cc09e74c4cc09990bdfe2b543f35" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1063" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:663px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128437" style="position:absolute;font-weight:bold;font-style:normal;left:442.76px;top:0px;">Year<div style="display:inline-block;width:4.97px"> </div>Ended December 31, </div><div id="a128443" style="position:absolute;font-weight:bold;font-style:normal;left:402.12px;top:17.3px;">2020 </div><div id="a128447" style="position:absolute;font-weight:bold;font-style:normal;left:504.04px;top:17.3px;">2019 </div><div id="a128451" style="position:absolute;font-weight:bold;font-style:normal;left:606.16px;top:17.3px;">2018 </div><div id="a128455" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.2px;">Interest expense </div><div id="a128457" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:34.7px;">$ </div><div id="a128459" style="position:absolute;left:413.96px;top:34.2px;">23,552</div><div id="a128462" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:34.7px;">$ </div><div id="a128464" style="position:absolute;left:515.88px;top:34.2px;">16,788</div><div id="a128467" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:34.7px;">$ </div><div id="a128469" style="position:absolute;left:624.56px;top:34.2px;">6,158</div><div id="a128473" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.9px;">Amortization of debt issuance costs </div><div id="a128476" style="position:absolute;left:420.52px;top:50.9px;">4,749</div><div id="a128480" style="position:absolute;left:522.44px;top:50.9px;">1,979</div><div id="a128484" style="position:absolute;left:641.36px;top:50.9px;">70</div><div id="a128488" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Total </div><div id="a128490" style="position:absolute;font-weight:normal;font-style:normal;left:364.52px;top:69.8px;">$ </div><div id="a128492" style="position:absolute;left:413.96px;top:68.8px;">28,301</div><div id="a128495" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:69.8px;">$ </div><div id="a128497" style="position:absolute;left:515.88px;top:68.8px;">18,767</div><div id="a128500" style="position:absolute;font-weight:normal;font-style:normal;left:568.56px;top:69.8px;">$ </div><div id="a128502" style="position:absolute;left:624.56px;top:68.8px;">6,228</div></div></div></div> 23552000 16788000 6158000 4749000 1979000 70000 28301000 18767000 6228000 <div id="TextBlockContainer1071" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:319px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128651" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">2021 </div><div id="a128653" style="position:absolute;font-weight:normal;font-style:normal;left:224.493px;top:0px;">$ </div><div id="a128655" style="position:absolute;left:273.933px;top:0px;">38,795</div><div id="a128659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.1px;">2022 </div><div id="a128662" style="position:absolute;left:273.933px;top:17.1px;">57,850</div><div id="a128666" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">2023 </div><div id="a128669" style="position:absolute;left:273.933px;top:34.1px;">76,943</div><div id="a128673" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">2024 </div><div id="a128676" style="position:absolute;left:267.213px;top:51px;">715,227</div><div id="a128680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">2025 </div><div id="a128683" style="position:absolute;left:290.573px;top:68px;">231</div></div> 38795000 57850000 76943000 715227000 231000 <div id="TextBlockContainer1074" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:697px;height:52px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128686" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 21 – Pension and Other Postretirement<div style="display:inline-block;width:5.11px"> </div>Benefits </div><div id="a128702" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.7px;">The following table shows the funded status of the Company’s<div style="display:inline-block;width:5.51px"> </div>plans’ reconciled<div style="display:inline-block;width:3.83px"> </div>with amounts reported in the Consolidated </div><div id="a128739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">Balance Sheets as of December 31, 2020 and 2019:</div></div><div id="TextBlockContainer1077" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128781" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:0px;">Other Post- </div><div id="a128788" style="position:absolute;font-weight:bold;font-style:normal;left:361.933px;top:17.1px;">Pension Benefits </div><div id="a128791" style="position:absolute;font-weight:bold;font-style:normal;left:614px;top:17.1px;">Retirement Benefits </div><div id="a128797" style="position:absolute;font-weight:bold;font-style:normal;left:296.493px;top:34.1px;">2020 </div><div id="a128801" style="position:absolute;font-weight:bold;font-style:normal;left:498.44px;top:34.1px;">2019 </div><div id="a128804" style="position:absolute;font-weight:bold;font-style:normal;left:625.52px;top:34.1px;">2020 </div><div id="a128807" style="position:absolute;font-weight:bold;font-style:normal;left:689.52px;top:34.1px;">2019 </div><div id="a128810" style="position:absolute;font-weight:bold;font-style:normal;left:221.613px;top:51px;">Foreign </div><div id="a128813" style="position:absolute;font-weight:bold;font-style:normal;left:297.933px;top:51px;">U.S. </div><div id="a128816" style="position:absolute;font-weight:bold;font-style:normal;left:360.653px;top:51px;">Total </div><div id="a128819" style="position:absolute;font-weight:bold;font-style:normal;left:419.56px;top:51px;">Foreign </div><div id="a128822" style="position:absolute;font-weight:bold;font-style:normal;left:496.04px;top:51px;">U.S. </div><div id="a128825" style="position:absolute;font-weight:bold;font-style:normal;left:558.6px;top:51px;">Total </div><div id="a128828" style="position:absolute;font-weight:bold;font-style:normal;left:626.96px;top:51px;">U.S. </div><div id="a128831" style="position:absolute;font-weight:bold;font-style:normal;left:690.96px;top:51px;">U.S. </div><div id="a128833" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Change in benefit obligation </div><div id="a128858" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Gross benefit obligation at beginning </div><div id="a128884" style="position:absolute;font-weight:normal;font-style:normal;left:12.427px;top:102.1px;">of year </div><div id="a128886" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:102.8px;">$</div><div id="a128888" style="position:absolute;font-size:12.64px;left:226.093px;top:102.8px;">217,893</div><div id="a128891" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:102.8px;">$</div><div id="a128893" style="position:absolute;font-size:12.64px;left:292.013px;top:102.8px;">153,723</div><div id="a128896" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:102.8px;">$</div><div id="a128898" style="position:absolute;font-size:12.64px;left:358.093px;top:102.8px;">371,616</div><div id="a128901" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:102.8px;">$</div><div id="a128903" style="position:absolute;font-size:12.64px;left:424.04px;top:102.8px;">111,316</div><div id="a128906" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:102.8px;">$</div><div id="a128908" style="position:absolute;font-size:12.64px;left:496.36px;top:102.8px;">58,734</div><div id="a128911" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:102.8px;">$</div><div id="a128913" style="position:absolute;font-size:12.64px;left:556.04px;top:102.8px;">170,050</div><div id="a128916" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:102.8px;">$</div><div id="a128918" style="position:absolute;font-size:12.64px;left:632.72px;top:102.8px;">4,266</div><div id="a128921" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:102.8px;">$</div><div id="a128923" style="position:absolute;font-size:12.64px;left:696.72px;top:102.8px;">4,106</div><div id="a128925" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Service cost </div><div id="a128929" style="position:absolute;font-size:12.64px;left:238.733px;top:119.8px;">4,340</div><div id="a128933" style="position:absolute;font-size:12.64px;left:314.093px;top:119.8px;">491</div><div id="a128937" style="position:absolute;font-size:12.64px;left:370.733px;top:119.8px;">4,831</div><div id="a128941" style="position:absolute;font-size:12.64px;left:436.68px;top:119.8px;">3,507</div><div id="a128945" style="position:absolute;font-size:12.64px;left:512.2px;top:119.8px;">434</div><div id="a128949" style="position:absolute;font-size:12.64px;left:568.72px;top:119.8px;">3,941</div><div id="a128953" style="position:absolute;font-size:12.64px;left:654.8px;top:119.8px;">5</div><div id="a128957" style="position:absolute;font-size:12.64px;left:718.8px;top:119.8px;">6</div><div id="a128959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Interest cost </div><div id="a128962" style="position:absolute;font-size:12.64px;left:238.733px;top:136.7px;">3,416</div><div id="a128966" style="position:absolute;font-size:12.64px;left:304.653px;top:136.7px;">2,923</div><div id="a128970" style="position:absolute;font-size:12.64px;left:370.733px;top:136.7px;">6,339</div><div id="a128974" style="position:absolute;font-size:12.64px;left:436.68px;top:136.7px;">3,046</div><div id="a128978" style="position:absolute;font-size:12.64px;left:502.76px;top:136.7px;">3,313</div><div id="a128982" style="position:absolute;font-size:12.64px;left:568.72px;top:136.7px;">6,359</div><div id="a128986" style="position:absolute;font-size:12.64px;left:648.56px;top:136.7px;">77</div><div id="a128990" style="position:absolute;font-size:12.64px;left:706.16px;top:136.7px;">143</div><div id="a128992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Employee contributions </div><div id="a128995" style="position:absolute;font-size:12.64px;left:254.573px;top:153.9px;">73</div><div id="a128999" style="position:absolute;font-size:12.64px;left:320.493px;top:153.9px;">—</div><div id="a129003" style="position:absolute;font-size:12.64px;left:386.573px;top:153.9px;">73</div><div id="a129007" style="position:absolute;font-size:12.64px;left:452.52px;top:153.9px;">73</div><div id="a129011" style="position:absolute;font-size:12.64px;left:518.6px;top:153.9px;">—</div><div id="a129015" style="position:absolute;font-size:12.64px;left:584.56px;top:153.9px;">73</div><div id="a129019" style="position:absolute;font-size:12.64px;left:648.56px;top:153.9px;">—</div><div id="a129023" style="position:absolute;font-size:12.64px;left:712.56px;top:153.9px;">—</div><div id="a129025" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Effect of plan amendments </div><div id="a129028" style="position:absolute;font-size:12.64px;left:254.573px;top:170.8px;">—</div><div id="a129032" style="position:absolute;font-size:12.64px;left:320.493px;top:170.8px;">50</div><div id="a129036" style="position:absolute;font-size:12.64px;left:386.573px;top:170.8px;">50</div><div id="a129040" style="position:absolute;font-size:12.64px;left:452.52px;top:170.8px;">30</div><div id="a129044" style="position:absolute;font-size:12.64px;left:518.6px;top:170.8px;">—</div><div id="a129048" style="position:absolute;font-size:12.64px;left:584.56px;top:170.8px;">30</div><div id="a129052" style="position:absolute;font-size:12.64px;left:648.56px;top:170.8px;">—</div><div id="a129056" style="position:absolute;font-size:12.64px;left:712.56px;top:170.8px;">—</div><div id="a129058" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Curtailment gain </div><div id="a129061" style="position:absolute;font-size:12.64px;left:234.253px;top:187.8px;">(2,324)</div><div id="a129065" style="position:absolute;font-size:12.64px;left:320.493px;top:187.8px;">—</div><div id="a129069" style="position:absolute;font-size:12.64px;left:366.253px;top:187.8px;">(2,324)</div><div id="a129073" style="position:absolute;font-size:12.64px;left:452.52px;top:187.8px;">—</div><div id="a129077" style="position:absolute;font-size:12.64px;left:518.6px;top:187.8px;">—</div><div id="a129081" style="position:absolute;font-size:12.64px;left:584.56px;top:187.8px;">—</div><div id="a129085" style="position:absolute;font-size:12.64px;left:648.56px;top:187.8px;">—</div><div id="a129089" style="position:absolute;font-size:12.64px;left:712.56px;top:187.8px;">—</div><div id="a129091" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Plan settlements </div><div id="a129094" style="position:absolute;font-size:12.64px;left:234.253px;top:204.8px;">(2,316)</div><div id="a129098" style="position:absolute;font-size:12.64px;left:293.933px;top:204.8px;">(53,494)</div><div id="a129102" style="position:absolute;font-size:12.64px;left:360.013px;top:204.8px;">(55,810)</div><div id="a129106" style="position:absolute;font-size:12.64px;left:432.2px;top:204.8px;">(1,087)</div><div id="a129110" style="position:absolute;font-size:12.64px;left:518.6px;top:204.8px;">—</div><div id="a129114" style="position:absolute;font-size:12.64px;left:564.2px;top:204.8px;">(1,087)</div><div id="a129118" style="position:absolute;font-size:12.64px;left:648.56px;top:204.8px;">—</div><div id="a129122" style="position:absolute;font-size:12.64px;left:712.56px;top:204.8px;">—</div><div id="a129124" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221.2px;">Benefits paid </div><div id="a129127" style="position:absolute;font-size:12.64px;left:234.253px;top:221.9px;">(5,087)</div><div id="a129131" style="position:absolute;font-size:12.64px;left:300.173px;top:221.9px;">(6,138)</div><div id="a129135" style="position:absolute;font-size:12.64px;left:360.013px;top:221.9px;">(11,225)</div><div id="a129139" style="position:absolute;font-size:12.64px;left:432.2px;top:221.9px;">(3,832)</div><div id="a129143" style="position:absolute;font-size:12.64px;left:498.28px;top:221.9px;">(6,034)</div><div id="a129147" style="position:absolute;font-size:12.64px;left:564.2px;top:221.9px;">(9,866)</div><div id="a129151" style="position:absolute;font-size:12.64px;left:637.84px;top:221.9px;">(250)</div><div id="a129155" style="position:absolute;font-size:12.64px;left:701.84px;top:221.9px;">(384)</div><div id="a129157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.1px;">Plan expenses and premiums paid </div><div id="a129160" style="position:absolute;font-size:12.64px;left:243.853px;top:238.9px;">(135)</div><div id="a129164" style="position:absolute;font-size:12.64px;left:320.493px;top:238.9px;">—</div><div id="a129168" style="position:absolute;font-size:12.64px;left:375.853px;top:238.9px;">(135)</div><div id="a129172" style="position:absolute;font-size:12.64px;left:441.8px;top:238.9px;">(129)</div><div id="a129176" style="position:absolute;font-size:12.64px;left:518.6px;top:238.9px;">—</div><div id="a129180" style="position:absolute;font-size:12.64px;left:573.84px;top:238.9px;">(129)</div><div id="a129184" style="position:absolute;font-size:12.64px;left:648.56px;top:238.9px;">—</div><div id="a129188" style="position:absolute;font-size:12.64px;left:712.56px;top:238.9px;">—</div><div id="a129190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Transfer in of business acquisition </div><div id="a129193" style="position:absolute;font-size:12.64px;left:254.573px;top:255.8px;">—</div><div id="a129197" style="position:absolute;font-size:12.64px;left:320.493px;top:255.8px;">—</div><div id="a129201" style="position:absolute;font-size:12.64px;left:386.573px;top:255.8px;">—</div><div id="a129205" style="position:absolute;font-size:12.64px;left:430.28px;top:255.8px;">85,658</div><div id="a129209" style="position:absolute;font-size:12.64px;left:496.36px;top:255.8px;">86,414</div><div id="a129213" style="position:absolute;font-size:12.64px;left:556.04px;top:255.8px;">172,072</div><div id="a129217" style="position:absolute;font-size:12.64px;left:648.56px;top:255.8px;">—</div><div id="a129221" style="position:absolute;font-size:12.64px;left:712.56px;top:255.8px;">—</div><div id="a129223" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:272px;">Actuarial loss (gain) </div><div id="a129227" style="position:absolute;font-size:12.64px;left:232.333px;top:272.8px;">16,834</div><div id="a129231" style="position:absolute;font-size:12.64px;left:298.253px;top:272.8px;">12,414</div><div id="a129235" style="position:absolute;font-size:12.64px;left:364.333px;top:272.8px;">29,248</div><div id="a129239" style="position:absolute;font-size:12.64px;left:430.28px;top:272.8px;">13,616</div><div id="a129243" style="position:absolute;font-size:12.64px;left:496.36px;top:272.8px;">10,862</div><div id="a129247" style="position:absolute;font-size:12.64px;left:562.28px;top:272.8px;">24,478</div><div id="a129251" style="position:absolute;font-size:12.64px;left:637.84px;top:272.8px;">(864)</div><div id="a129255" style="position:absolute;font-size:12.64px;left:706.16px;top:272.8px;">395</div><div id="a129257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289.2px;">Translation differences and<div style="display:inline-block;width:4.71px"> </div>other </div><div id="a129260" style="position:absolute;font-size:12.64px;left:232.333px;top:289.9px;">14,981</div><div id="a129264" style="position:absolute;font-size:12.64px;left:320.493px;top:289.9px;">—</div><div id="a129268" style="position:absolute;font-size:12.64px;left:364.333px;top:289.9px;">14,981</div><div id="a129272" style="position:absolute;font-size:12.64px;left:436.68px;top:289.9px;">5,695</div><div id="a129276" style="position:absolute;font-size:12.64px;left:518.6px;top:289.9px;">—</div><div id="a129280" style="position:absolute;font-size:12.64px;left:568.72px;top:289.9px;">5,695</div><div id="a129284" style="position:absolute;font-size:12.64px;left:648.56px;top:289.9px;">—</div><div id="a129288" style="position:absolute;font-size:12.64px;left:712.56px;top:289.9px;">—</div><div id="a129290" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.1px;">Gross benefit obligation at end of year </div><div id="a129292" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:307.8px;">$</div><div id="a129294" style="position:absolute;font-size:12.64px;left:226.093px;top:307.8px;">247,675</div><div id="a129297" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:307.8px;">$</div><div id="a129299" style="position:absolute;font-size:12.64px;left:292.013px;top:307.8px;">109,969</div><div id="a129302" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:307.8px;">$</div><div id="a129304" style="position:absolute;font-size:12.64px;left:358.093px;top:307.8px;">357,644</div><div id="a129307" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:307.8px;">$</div><div id="a129309" style="position:absolute;font-size:12.64px;left:424.04px;top:307.8px;">217,893</div><div id="a129312" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:307.8px;">$</div><div id="a129314" style="position:absolute;font-size:12.64px;left:490.12px;top:307.8px;">153,723</div><div id="a129317" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:307.8px;">$</div><div id="a129319" style="position:absolute;font-size:12.64px;left:556.04px;top:307.8px;">371,616</div><div id="a129322" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:307.8px;">$</div><div id="a129324" style="position:absolute;font-size:12.64px;left:632.72px;top:307.8px;">3,234</div><div id="a129327" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:307.8px;">$</div><div id="a129329" style="position:absolute;font-size:12.64px;left:696.72px;top:307.8px;">4,266</div></div><div id="TextBlockContainer1082" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1080_XBRL_TS_f3857acc064b49ce84bf14859581ce6e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1081" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129402" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:0px;">Other Post- </div><div id="a129409" style="position:absolute;font-weight:bold;font-style:normal;left:361.933px;top:17px;">Pension Benefits </div><div id="a129412" style="position:absolute;font-weight:bold;font-style:normal;left:614px;top:17px;">Retirement Benefits </div><div id="a129418" style="position:absolute;font-weight:bold;font-style:normal;left:296.493px;top:33.9px;">2020 </div><div id="a129422" style="position:absolute;font-weight:bold;font-style:normal;left:498.44px;top:33.9px;">2019 </div><div id="a129425" style="position:absolute;font-weight:bold;font-style:normal;left:625.52px;top:33.9px;">2020 </div><div id="a129428" style="position:absolute;font-weight:bold;font-style:normal;left:689.52px;top:33.9px;">2019 </div><div id="a129431" style="position:absolute;font-weight:bold;font-style:normal;left:221.613px;top:50.9px;">Foreign </div><div id="a129434" style="position:absolute;font-weight:bold;font-style:normal;left:297.933px;top:50.9px;">U.S. </div><div id="a129437" style="position:absolute;font-weight:bold;font-style:normal;left:360.653px;top:50.9px;">Total </div><div id="a129440" style="position:absolute;font-weight:bold;font-style:normal;left:419.56px;top:50.9px;">Foreign </div><div id="a129443" style="position:absolute;font-weight:bold;font-style:normal;left:496.04px;top:50.9px;">U.S. </div><div id="a129446" style="position:absolute;font-weight:bold;font-style:normal;left:558.6px;top:50.9px;">Total </div><div id="a129449" style="position:absolute;font-weight:bold;font-style:normal;left:626.96px;top:50.9px;">U.S. </div><div id="a129452" style="position:absolute;font-weight:bold;font-style:normal;left:690.96px;top:50.9px;">U.S. </div><div id="a129454" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Change in plan assets </div><div id="a129479" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Fair value of plan assets at<div style="display:inline-block;width:3.9px"> </div></div><div id="a129505" style="position:absolute;font-weight:normal;font-style:normal;left:12.427px;top:101.9px;">beginning of year </div><div id="a129507" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:102.7px;">$</div><div id="a129509" style="position:absolute;font-size:12.64px;left:226.093px;top:102.7px;">195,099</div><div id="a129512" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:102.7px;">$</div><div id="a129514" style="position:absolute;font-size:12.64px;left:292.013px;top:102.7px;">120,550</div><div id="a129517" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:102.7px;">$</div><div id="a129519" style="position:absolute;font-size:12.64px;left:358.093px;top:102.7px;">315,649</div><div id="a129522" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:102.7px;">$</div><div id="a129524" style="position:absolute;font-size:12.64px;left:430.28px;top:102.7px;">94,826</div><div id="a129527" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:102.7px;">$</div><div id="a129529" style="position:absolute;font-size:12.64px;left:496.36px;top:102.7px;">49,415</div><div id="a129532" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:102.7px;">$</div><div id="a129534" style="position:absolute;font-size:12.64px;left:556.04px;top:102.7px;">144,241</div><div id="a129537" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:102.7px;">$</div><div id="a129539" style="position:absolute;font-size:12.64px;left:648.56px;top:102.7px;">—</div><div id="a129542" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:102.7px;">$</div><div id="a129544" style="position:absolute;font-size:12.64px;left:712.56px;top:102.7px;">—</div><div id="a129546" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Actual return on plan assets </div><div id="a129550" style="position:absolute;font-size:12.64px;left:232.333px;top:119.6px;">20,367</div><div id="a129554" style="position:absolute;font-size:12.64px;left:298.253px;top:119.6px;">10,759</div><div id="a129558" style="position:absolute;font-size:12.64px;left:364.333px;top:119.6px;">31,126</div><div id="a129562" style="position:absolute;font-size:12.64px;left:430.28px;top:119.6px;">13,458</div><div id="a129566" style="position:absolute;font-size:12.64px;left:496.36px;top:119.6px;">10,663</div><div id="a129570" style="position:absolute;font-size:12.64px;left:562.28px;top:119.6px;">24,121</div><div id="a129574" style="position:absolute;font-size:12.64px;left:648.56px;top:119.6px;">—</div><div id="a129578" style="position:absolute;font-size:12.64px;left:712.56px;top:119.6px;">—</div><div id="a129580" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Employer contributions </div><div id="a129583" style="position:absolute;font-size:12.64px;left:238.733px;top:136.7px;">6,912</div><div id="a129587" style="position:absolute;font-size:12.64px;left:304.653px;top:136.7px;">2,302</div><div id="a129591" style="position:absolute;font-size:12.64px;left:370.733px;top:136.7px;">9,214</div><div id="a129595" style="position:absolute;font-size:12.64px;left:436.68px;top:136.7px;">5,223</div><div id="a129599" style="position:absolute;font-size:12.64px;left:502.76px;top:136.7px;">1,087</div><div id="a129603" style="position:absolute;font-size:12.64px;left:568.72px;top:136.7px;">6,310</div><div id="a129607" style="position:absolute;font-size:12.64px;left:642.16px;top:136.7px;">250</div><div id="a129611" style="position:absolute;font-size:12.64px;left:706.16px;top:136.7px;">384</div><div id="a129613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Employee contributions </div><div id="a129616" style="position:absolute;font-size:12.64px;left:254.573px;top:153.7px;">73</div><div id="a129620" style="position:absolute;font-size:12.64px;left:320.493px;top:153.7px;">—</div><div id="a129624" style="position:absolute;font-size:12.64px;left:386.573px;top:153.7px;">73</div><div id="a129628" style="position:absolute;font-size:12.64px;left:452.52px;top:153.7px;">73</div><div id="a129632" style="position:absolute;font-size:12.64px;left:518.6px;top:153.7px;">—</div><div id="a129636" style="position:absolute;font-size:12.64px;left:584.56px;top:153.7px;">73</div><div id="a129640" style="position:absolute;font-size:12.64px;left:648.56px;top:153.7px;">—</div><div id="a129644" style="position:absolute;font-size:12.64px;left:712.56px;top:153.7px;">—</div><div id="a129646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Plan settlements </div><div id="a129649" style="position:absolute;font-size:12.64px;left:234.253px;top:170.7px;">(2,316)</div><div id="a129653" style="position:absolute;font-size:12.64px;left:293.933px;top:170.7px;">(53,494)</div><div id="a129657" style="position:absolute;font-size:12.64px;left:360.013px;top:170.7px;">(55,810)</div><div id="a129662" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:432.2px;top:170.7px;">(1,087)</div><div id="a129666" style="position:absolute;font-size:12.64px;left:518.6px;top:170.7px;">—</div><div id="a129670" style="position:absolute;font-size:12.64px;left:564.2px;top:170.7px;">(1,087)</div><div id="a129674" style="position:absolute;font-size:12.64px;left:648.56px;top:170.7px;">—</div><div id="a129678" style="position:absolute;font-size:12.64px;left:712.56px;top:170.7px;">—</div><div id="a129680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.9px;">Benefits paid </div><div id="a129683" style="position:absolute;font-size:12.64px;left:234.253px;top:187.6px;">(5,087)</div><div id="a129687" style="position:absolute;font-size:12.64px;left:300.173px;top:187.6px;">(6,138)</div><div id="a129691" style="position:absolute;font-size:12.64px;left:360.013px;top:187.6px;">(11,225)</div><div id="a129695" style="position:absolute;font-size:12.64px;left:432.2px;top:187.6px;">(3,832)</div><div id="a129699" style="position:absolute;font-size:12.64px;left:498.28px;top:187.6px;">(6,034)</div><div id="a129703" style="position:absolute;font-size:12.64px;left:564.2px;top:187.6px;">(9,866)</div><div id="a129707" style="position:absolute;font-size:12.64px;left:637.84px;top:187.6px;">(250)</div><div id="a129711" style="position:absolute;font-size:12.64px;left:701.84px;top:187.6px;">(384)</div><div id="a129713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Plan expenses and premiums paid </div><div id="a129716" style="position:absolute;font-size:12.64px;left:243.853px;top:204.7px;">(135)</div><div id="a129720" style="position:absolute;font-size:12.64px;left:309.773px;top:204.7px;">(498)</div><div id="a129724" style="position:absolute;font-size:12.64px;left:375.853px;top:204.7px;">(633)</div><div id="a129728" style="position:absolute;font-size:12.64px;left:441.8px;top:204.7px;">(129)</div><div id="a129732" style="position:absolute;font-size:12.64px;left:507.88px;top:204.7px;">(500)</div><div id="a129736" style="position:absolute;font-size:12.64px;left:573.84px;top:204.7px;">(629)</div><div id="a129740" style="position:absolute;font-size:12.64px;left:648.56px;top:204.7px;">—</div><div id="a129744" style="position:absolute;font-size:12.64px;left:712.56px;top:204.7px;">—</div><div id="a129746" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221px;">Transfer in of business acquisition </div><div id="a129749" style="position:absolute;font-size:12.64px;left:254.573px;top:221.7px;">—</div><div id="a129753" style="position:absolute;font-size:12.64px;left:320.493px;top:221.7px;">—</div><div id="a129757" style="position:absolute;font-size:12.64px;left:386.573px;top:221.7px;">—</div><div id="a129761" style="position:absolute;font-size:12.64px;left:430.28px;top:221.7px;">81,068</div><div id="a129765" style="position:absolute;font-size:12.64px;left:496.36px;top:221.7px;">65,919</div><div id="a129769" style="position:absolute;font-size:12.64px;left:556.04px;top:221.7px;">146,987</div><div id="a129773" style="position:absolute;font-size:12.64px;left:648.56px;top:221.7px;">—</div><div id="a129777" style="position:absolute;font-size:12.64px;left:712.56px;top:221.7px;">—</div><div id="a129779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">Translation differences </div><div id="a129782" style="position:absolute;font-size:12.64px;left:232.333px;top:238.7px;">13,876</div><div id="a129787" style="position:absolute;font-size:12.64px;left:320.493px;top:238.7px;">—</div><div id="a129791" style="position:absolute;font-size:12.64px;left:364.333px;top:238.7px;">13,876</div><div id="a129795" style="position:absolute;font-size:12.64px;left:436.68px;top:238.7px;">5,499</div><div id="a129799" style="position:absolute;font-size:12.64px;left:518.6px;top:238.7px;">—</div><div id="a129803" style="position:absolute;font-size:12.64px;left:568.72px;top:238.7px;">5,499</div><div id="a129807" style="position:absolute;font-size:12.64px;left:648.56px;top:238.7px;">—</div><div id="a129811" style="position:absolute;font-size:12.64px;left:712.56px;top:238.7px;">—</div><div id="a129813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.9px;">Fair value of plan assets at end of year </div><div id="a129815" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:255.7px;">$</div><div id="a129817" style="position:absolute;font-size:12.64px;left:226.093px;top:255.7px;">228,789</div><div id="a129820" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:255.7px;">$</div><div id="a129822" style="position:absolute;font-size:12.64px;left:298.253px;top:255.7px;">73,481</div><div id="a129825" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:255.7px;">$</div><div id="a129827" style="position:absolute;font-size:12.64px;left:358.093px;top:255.7px;">302,270</div><div id="a129830" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:255.7px;">$</div><div id="a129832" style="position:absolute;font-size:12.64px;left:424.04px;top:255.7px;">195,099</div><div id="a129835" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:255.7px;">$</div><div id="a129837" style="position:absolute;font-size:12.64px;left:490.12px;top:255.7px;">120,550</div><div id="a129840" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:255.7px;">$</div><div id="a129842" style="position:absolute;font-size:12.64px;left:556.04px;top:255.7px;">315,649</div><div id="a129845" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:255.7px;">$</div><div id="a129847" style="position:absolute;font-size:12.64px;left:648.56px;top:255.7px;">—</div><div id="a129850" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:255.7px;">$</div><div id="a129852" style="position:absolute;font-size:12.64px;left:712.56px;top:255.7px;">—</div><div id="a129854" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:274px;">Net benefit obligation recognized </div><div id="a129856" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:274.7px;">$</div><div id="a129858" style="position:absolute;font-size:12.64px;left:228.013px;top:274.7px;">(18,886)</div><div id="a129861" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:274.7px;">$</div><div id="a129863" style="position:absolute;font-size:12.64px;left:293.933px;top:274.7px;">(36,488)</div><div id="a129866" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:274.7px;">$</div><div id="a129868" style="position:absolute;font-size:12.64px;left:360.013px;top:274.7px;">(55,374)</div><div id="a129871" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:274.7px;">$</div><div id="a129873" style="position:absolute;font-size:12.64px;left:425.96px;top:274.7px;">(22,794)</div><div id="a129876" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:274.7px;">$</div><div id="a129878" style="position:absolute;font-size:12.64px;left:492.04px;top:274.7px;">(33,173)</div><div id="a129881" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:274.7px;">$</div><div id="a129883" style="position:absolute;font-size:12.64px;left:557.96px;top:274.7px;">(55,967)</div><div id="a129886" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:274.7px;">$</div><div id="a129888" style="position:absolute;font-size:12.64px;left:628.24px;top:274.7px;">(3,234)</div><div id="a129891" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:274.7px;">$</div><div id="a129893" style="position:absolute;font-size:12.64px;left:692.24px;top:274.7px;">(4,266)</div></div></div></div><div id="TextBlockContainer1085" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:291px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Amounts recognized in the balance<div style="display:inline-block;width:4.06px"> </div></div><div id="a129948" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:17.1px;">sheet consist of: </div><div id="a129975" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:34.1px;">Non-current assets </div><div id="a129979" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:211.013px;top:34.8px;">$</div><div id="a129981" style="position:absolute;font-size:12.64px;left:234.573px;top:34.8px;">6,748</div><div id="a129984" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:34.8px;">$</div><div id="a129986" style="position:absolute;font-size:12.64px;left:314.253px;top:34.8px;">—</div><div id="a129989" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:34.8px;">$</div><div id="a129991" style="position:absolute;font-size:12.64px;left:362.413px;top:34.8px;">6,748</div><div id="a129994" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:34.8px;">$</div><div id="a129996" style="position:absolute;font-size:12.64px;left:442.12px;top:34.8px;">—</div><div id="a129999" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:34.8px;">$</div><div id="a130001" style="position:absolute;font-size:12.64px;left:506.12px;top:34.8px;">—</div><div id="a130004" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:34.8px;">$</div><div id="a130006" style="position:absolute;font-size:12.64px;left:570.16px;top:34.8px;">—</div><div id="a130009" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:34.8px;">$</div><div id="a130011" style="position:absolute;font-size:12.64px;left:634px;top:34.8px;">—</div><div id="a130014" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:34.8px;">$</div><div id="a130016" style="position:absolute;font-size:12.64px;left:697.04px;top:34.8px;">—</div><div id="a130020" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:51px;">Current liabilities </div><div id="a130023" style="position:absolute;font-size:12.64px;left:239.693px;top:51.8px;">(568)</div><div id="a130027" style="position:absolute;font-size:12.64px;left:303.533px;top:51.8px;">(612)</div><div id="a130031" style="position:absolute;font-size:12.64px;left:357.933px;top:51.8px;">(1,180)</div><div id="a130035" style="position:absolute;font-size:12.64px;left:431.4px;top:51.8px;">(359)</div><div id="a130039" style="position:absolute;font-size:12.64px;left:485.8px;top:51.8px;">(2,620)</div><div id="a130043" style="position:absolute;font-size:12.64px;left:549.8px;top:51.8px;">(2,979)</div><div id="a130047" style="position:absolute;font-size:12.64px;left:623.28px;top:51.8px;">(286)</div><div id="a130051" style="position:absolute;font-size:12.64px;left:686.32px;top:51.8px;">(426)</div><div id="a130055" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:68px;">Non-current liabilities </div><div id="a130060" style="position:absolute;font-size:12.64px;left:223.853px;top:68.7px;">(25,066)</div><div id="a130064" style="position:absolute;font-size:12.64px;left:287.693px;top:68.7px;">(35,876)</div><div id="a130068" style="position:absolute;font-size:12.64px;left:351.693px;top:68.7px;">(60,942)</div><div id="a130072" style="position:absolute;font-size:12.64px;left:415.56px;top:68.7px;">(22,435)</div><div id="a130076" style="position:absolute;font-size:12.64px;left:479.56px;top:68.7px;">(30,553)</div><div id="a130080" style="position:absolute;font-size:12.64px;left:543.56px;top:68.7px;">(52,988)</div><div id="a130084" style="position:absolute;font-size:12.64px;left:613.68px;top:68.7px;">(2,948)</div><div id="a130088" style="position:absolute;font-size:12.64px;left:676.72px;top:68.7px;">(3,840)</div><div id="a130090" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:86.1px;">Net benefit obligation recognized </div><div id="a130092" style="position:absolute;font-weight:normal;font-style:normal;left:211.013px;top:86.1px;">$ </div><div id="a130094" style="position:absolute;font-size:12.64px;left:223.853px;top:86.8px;">(18,886)</div><div id="a130097" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:86.8px;">$</div><div id="a130099" style="position:absolute;font-size:12.64px;left:287.693px;top:86.8px;">(36,488)</div><div id="a130102" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:86.8px;">$</div><div id="a130104" style="position:absolute;font-size:12.64px;left:351.693px;top:86.8px;">(55,374)</div><div id="a130107" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:86.8px;">$</div><div id="a130109" style="position:absolute;font-size:12.64px;left:415.56px;top:86.8px;">(22,794)</div><div id="a130112" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:86.8px;">$</div><div id="a130114" style="position:absolute;font-size:12.64px;left:479.56px;top:86.8px;">(33,173)</div><div id="a130117" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:86.8px;">$</div><div id="a130119" style="position:absolute;font-size:12.64px;left:543.56px;top:86.8px;">(55,967)</div><div id="a130122" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:86.8px;">$</div><div id="a130124" style="position:absolute;font-size:12.64px;left:613.68px;top:86.8px;">(3,234)</div><div id="a130127" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:86.8px;">$</div><div id="a130129" style="position:absolute;font-size:12.64px;left:676.72px;top:86.8px;">(4,266)</div><div id="a130131" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:104.3px;">Amounts not yet reflected in net </div><div id="a130157" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:121.1px;">periodic benefit costs and included in </div><div id="a130182" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:138.1px;">accumulated other comprehensive loss: </div><div id="a130208" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:155.1px;">Prior service credit </div><div id="a130211" style="position:absolute;font-size:12.64px;left:245.933px;top:155.8px;">(26)</div><div id="a130215" style="position:absolute;font-size:12.64px;left:314.253px;top:155.8px;">50</div><div id="a130219" style="position:absolute;font-size:12.64px;left:378.253px;top:155.8px;">24</div><div id="a130223" style="position:absolute;font-size:12.64px;left:426.28px;top:155.8px;">1,271</div><div id="a130227" style="position:absolute;font-size:12.64px;left:506.12px;top:155.8px;">—</div><div id="a130231" style="position:absolute;font-size:12.64px;left:554.28px;top:155.8px;">1,271</div><div id="a130235" style="position:absolute;font-size:12.64px;left:634px;top:155.8px;">—</div><div id="a130239" style="position:absolute;font-size:12.64px;left:697.04px;top:155.8px;">—</div><div id="a130243" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:172px;">Accumulated loss </div><div id="a130246" style="position:absolute;font-size:12.64px;left:223.853px;top:172.8px;">(21,976)</div><div id="a130250" style="position:absolute;font-size:12.64px;left:293.933px;top:172.8px;">(5,532)</div><div id="a130254" style="position:absolute;font-size:12.64px;left:351.693px;top:172.8px;">(27,508)</div><div id="a130258" style="position:absolute;font-size:12.64px;left:415.56px;top:172.8px;">(22,816)</div><div id="a130262" style="position:absolute;font-size:12.64px;left:479.56px;top:172.8px;">(46,560)</div><div id="a130266" style="position:absolute;font-size:12.64px;left:543.56px;top:172.8px;">(69,376)</div><div id="a130270" style="position:absolute;font-size:12.64px;left:627.6px;top:172.8px;">124</div><div id="a130274" style="position:absolute;font-size:12.64px;left:686.32px;top:172.8px;">(734)</div><div id="a130304" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:206.1px;">AOCI </div><div id="a130307" style="position:absolute;font-size:12.64px;left:223.853px;top:206.9px;">(22,002)</div><div id="a130311" style="position:absolute;font-size:12.64px;left:293.933px;top:206.9px;">(5,482)</div><div id="a130315" style="position:absolute;font-size:12.64px;left:351.693px;top:206.9px;">(27,484)</div><div id="a130319" style="position:absolute;font-size:12.64px;left:415.56px;top:206.9px;">(21,545)</div><div id="a130323" style="position:absolute;font-size:12.64px;left:479.56px;top:206.9px;">(46,560)</div><div id="a130327" style="position:absolute;font-size:12.64px;left:543.56px;top:206.9px;">(68,105)</div><div id="a130331" style="position:absolute;font-size:12.64px;left:627.6px;top:206.9px;">124</div><div id="a130335" style="position:absolute;font-size:12.64px;left:686.32px;top:206.9px;">(734)</div><div id="a130339" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:223.1px;">Cumulative employer contributions </div><div id="a130367" style="position:absolute;font-weight:normal;font-style:normal;left:8.427px;top:240px;">(below) or in excess of<div style="display:inline-block;width:7.27px"> </div>net periodic </div><div id="a130395" style="position:absolute;font-weight:normal;font-style:normal;left:8.427px;top:257.1px;">benefit cost </div><div id="a130398" style="position:absolute;font-size:12.64px;left:234.573px;top:257.9px;">3,116</div><div id="a130402" style="position:absolute;font-size:12.64px;left:287.693px;top:257.9px;">(31,006)</div><div id="a130406" style="position:absolute;font-size:12.64px;left:351.693px;top:257.9px;">(27,890)</div><div id="a130410" style="position:absolute;font-size:12.64px;left:421.8px;top:257.9px;">(1,249)</div><div id="a130414" style="position:absolute;font-size:12.64px;left:483.88px;top:257.9px;">13,387</div><div id="a130418" style="position:absolute;font-size:12.64px;left:547.88px;top:257.9px;">12,138</div><div id="a130422" style="position:absolute;font-size:12.64px;left:613.68px;top:257.9px;">(3,358)</div><div id="a130426" style="position:absolute;font-size:12.64px;left:676.72px;top:257.9px;">(3,532)</div><div id="a130428" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:275.1px;">Net benefit obligation recognized </div><div id="a130430" style="position:absolute;font-weight:normal;font-style:normal;left:211.013px;top:275.1px;">$ </div><div id="a130432" style="position:absolute;font-size:12.64px;left:223.853px;top:275.8px;">(18,886)</div><div id="a130435" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:275.8px;">$</div><div id="a130437" style="position:absolute;font-size:12.64px;left:287.693px;top:275.8px;">(36,488)</div><div id="a130440" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:275.8px;">$</div><div id="a130442" style="position:absolute;font-size:12.64px;left:351.693px;top:275.8px;">(55,374)</div><div id="a130445" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:275.8px;">$</div><div id="a130447" style="position:absolute;font-size:12.64px;left:415.56px;top:275.8px;">(22,794)</div><div id="a130450" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:275.8px;">$</div><div id="a130452" style="position:absolute;font-size:12.64px;left:479.56px;top:275.8px;">(33,173)</div><div id="a130455" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:275.8px;">$</div><div id="a130457" style="position:absolute;font-size:12.64px;left:543.56px;top:275.8px;">(55,967)</div><div id="a130460" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:275.8px;">$</div><div id="a130462" style="position:absolute;font-size:12.64px;left:613.68px;top:275.8px;">(3,234)</div><div id="a130465" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:275.8px;">$</div><div id="a130467" style="position:absolute;font-size:12.64px;left:676.72px;top:275.8px;">(4,266)</div></div><div id="TextBlockContainer1088" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:713px;height:70px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130469" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The accumulated benefit obligation for all defined benefit<div style="display:inline-block;width:4.75px"> </div>pension plans was </div><div id="a130469_77_6" style="position:absolute;left:440.68px;top:0px;-sec-ix-hidden:ID_816;">$344.4</div><div id="a130469_83_9" style="position:absolute;font-weight:normal;font-style:normal;left:477.48px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>million </div><div id="a130469_92_7" style="position:absolute;left:522.599px;top:0px;-sec-ix-hidden:ID_1320;">($109.5</div><div id="a130469_99_18" style="position:absolute;font-weight:normal;font-style:normal;left:563.719px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million U.S. and </div><div id="a130469_117_6" style="position:absolute;left:658.639px;top:0px;-sec-ix-hidden:ID_817;">$234.9</div><div id="a130469_123_1" style="position:absolute;font-weight:normal;font-style:normal;left:695.279px;top:0px;"> </div><div id="a130505" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">million Foreign) and </div><div id="a130505_21_6" style="position:absolute;left:118.213px;top:15.2px;-sec-ix-hidden:ID_818;">$366.0</div><div id="a130505_27_10" style="position:absolute;font-weight:normal;font-style:normal;left:155.013px;top:15.2px;"><div style="display:inline-block;width:3.2px"> </div>million (</div><div id="a130505_37_6" style="position:absolute;left:204.613px;top:15.2px;-sec-ix-hidden:ID_1321;">$152.9</div><div id="a130505_43_32" style="position:absolute;font-weight:normal;font-style:normal;left:241.293px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>million U.S. and approximately </div><div id="a130505_75_6" style="position:absolute;left:416.519px;top:15.2px;-sec-ix-hidden:ID_819;">$213.1</div><div id="a130505_81_46" style="position:absolute;font-weight:normal;font-style:normal;left:453.159px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>million Foreign) as of December 31, 2020 and </div><div id="a130545" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">2019, respectively.<div style="display:inline-block;width:4.69px"> </div></div><div id="a130550" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:53.9px;">Information for pension plans with an accumulated benefit<div style="display:inline-block;width:4.92px"> </div>obligation in excess of plan assets:</div></div><div id="TextBlockContainer1092" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1090_XBRL_CS_c5e7021f2d4845d492f24ab06edb0b7c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1091" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130579" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130583" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130586" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.1px;">Foreign </div><div id="a130589" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.1px;">U.S. </div><div id="a130592" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.1px;">Total </div><div id="a130595" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.1px;">Foreign </div><div id="a130598" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.1px;">U.S. </div><div id="a130601" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.1px;">Total </div><div id="a130603" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Projected benefit obligation </div><div id="a130605" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:34.1px;">$ </div><div id="a130607" style="position:absolute;left:241.933px;top:34.1px;">32,373</div><div id="a130610" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:34.1px;">$ </div><div id="a130612" style="position:absolute;left:323.213px;top:34.1px;">109,969</div><div id="a130615" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:34.1px;">$ </div><div id="a130617" style="position:absolute;left:411.24px;top:34.1px;">142,342</div><div id="a130620" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:34.1px;">$ </div><div id="a130622" style="position:absolute;left:499.24px;top:34.1px;">217,893</div><div id="a130625" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:34.1px;">$ </div><div id="a130627" style="position:absolute;left:587.28px;top:34.1px;">153,723</div><div id="a130630" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:34.1px;">$ </div><div id="a130632" style="position:absolute;left:675.28px;top:34.1px;">371,616</div><div id="a130634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Accumulated benefit obligation </div><div id="a130637" style="position:absolute;left:241.933px;top:51px;">30,892</div><div id="a130641" style="position:absolute;left:323.213px;top:51px;">109,540</div><div id="a130645" style="position:absolute;left:411.24px;top:51px;">140,432</div><div id="a130649" style="position:absolute;left:499.24px;top:51px;">213,060</div><div id="a130653" style="position:absolute;left:587.28px;top:51px;">152,930</div><div id="a130657" style="position:absolute;left:675.28px;top:51px;">365,990</div><div id="a130659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Fair value of plan assets </div><div id="a130662" style="position:absolute;left:241.933px;top:68px;">18,074</div><div id="a130666" style="position:absolute;left:329.933px;top:68px;">73,481</div><div id="a130670" style="position:absolute;left:417.96px;top:68px;">91,555</div><div id="a130674" style="position:absolute;left:499.24px;top:68px;">195,099</div><div id="a130678" style="position:absolute;left:587.28px;top:68px;">120,550</div><div id="a130682" style="position:absolute;left:675.28px;top:68px;">315,649</div></div></div></div><div id="TextBlockContainer1094" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:519px;height:16px;display:inline-block;"><div id="a130734" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Information for pension plans with a projected<div style="display:inline-block;width:4.78px"> </div>benefit obligation in excess of plan assets:</div></div><div id="TextBlockContainer1098" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1096_XBRL_CS_c3c125c4b2334d3082ba665794e26042" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1097" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130763" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130767" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130770" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.6px;">Foreign </div><div id="a130773" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.6px;">U.S. </div><div id="a130776" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.6px;">Total </div><div id="a130779" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.6px;">Foreign </div><div id="a130782" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.6px;">U.S. </div><div id="a130785" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.6px;">Total </div><div id="a130787" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Projected benefit obligation </div><div id="a130789" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:35.2px;">$ </div><div id="a130791" style="position:absolute;left:241.933px;top:35.2px;">32,373</div><div id="a130794" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:35.2px;">$ </div><div id="a130796" style="position:absolute;left:323.213px;top:35.2px;">109,969</div><div id="a130799" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:35.2px;">$ </div><div id="a130801" style="position:absolute;left:411.24px;top:35.2px;">142,342</div><div id="a130804" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:35.2px;">$ </div><div id="a130806" style="position:absolute;left:499.24px;top:35.2px;">217,893</div><div id="a130809" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:35.2px;">$ </div><div id="a130811" style="position:absolute;left:587.28px;top:35.2px;">153,723</div><div id="a130814" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:35.2px;">$ </div><div id="a130816" style="position:absolute;left:675.28px;top:35.2px;">371,616</div><div id="a130818" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Fair value of plan assets </div><div id="a130821" style="position:absolute;left:241.933px;top:52.8px;">18,074</div><div id="a130825" style="position:absolute;left:329.933px;top:52.8px;">73,481</div><div id="a130829" style="position:absolute;left:417.96px;top:52.8px;">91,555</div><div id="a130833" style="position:absolute;left:499.24px;top:52.8px;">195,099</div><div id="a130837" style="position:absolute;left:587.28px;top:52.8px;">120,550</div><div id="a130841" style="position:absolute;left:675.28px;top:52.8px;">315,649</div></div></div></div><div id="TextBlockContainer1100" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:339px;height:16px;display:inline-block;"><div id="a130843" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Components of net periodic benefit costs – pension plans:</div></div><div id="TextBlockContainer1104" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:187px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1102_XBRL_TS_24a0de9763c743fb937642039c2bc0ff" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1103" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:187px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130862" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130866" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130869" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17px;">Foreign </div><div id="a130872" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17px;">U.S. </div><div id="a130875" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17px;">Total </div><div id="a130878" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17px;">Foreign </div><div id="a130881" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17px;">U.S. </div><div id="a130884" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17px;">Total </div><div id="a130886" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Service cost </div><div id="a130888" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:34.1px;">$ </div><div id="a130890" style="position:absolute;left:248.493px;top:34.1px;">4,340</div><div id="a130893" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:34.1px;">$ </div><div id="a130895" style="position:absolute;left:346.573px;top:34.1px;">491</div><div id="a130898" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:34.1px;">$ </div><div id="a130900" style="position:absolute;left:424.52px;top:34.1px;">4,831</div><div id="a130903" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:34.1px;">$ </div><div id="a130905" style="position:absolute;left:512.52px;top:34.1px;">3,507</div><div id="a130908" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:34.1px;">$ </div><div id="a130910" style="position:absolute;left:610.64px;top:34.1px;">434</div><div id="a130913" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:34.1px;">$ </div><div id="a130915" style="position:absolute;left:688.56px;top:34.1px;">3,941</div><div id="a130917" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Interest cost </div><div id="a130920" style="position:absolute;left:248.493px;top:51px;">3,416</div><div id="a130924" style="position:absolute;left:336.493px;top:51px;">2,923</div><div id="a130928" style="position:absolute;left:424.52px;top:51px;">6,339</div><div id="a130932" style="position:absolute;left:512.52px;top:51px;">3,046</div><div id="a130936" style="position:absolute;left:600.56px;top:51px;">3,313</div><div id="a130940" style="position:absolute;left:688.56px;top:51px;">6,359</div><div id="a130942" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Expected return on plan assets </div><div id="a130945" style="position:absolute;left:243.693px;top:68px;">(4,262)</div><div id="a130949" style="position:absolute;left:331.693px;top:68px;">(4,810)</div><div id="a130953" style="position:absolute;left:419.72px;top:68px;">(9,072)</div><div id="a130957" style="position:absolute;left:507.72px;top:68px;">(3,668)</div><div id="a130961" style="position:absolute;left:595.76px;top:68px;">(3,227)</div><div id="a130965" style="position:absolute;left:683.76px;top:68px;">(6,895)</div><div id="a130967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Settlement loss </div><div id="a130970" style="position:absolute;left:260.333px;top:85px;">(88)</div><div id="a130974" style="position:absolute;left:329.933px;top:85px;">22,667</div><div id="a130978" style="position:absolute;left:417.96px;top:85px;">22,579</div><div id="a130982" style="position:absolute;left:522.6px;top:85px;">258</div><div id="a130986" style="position:absolute;left:617.36px;top:85px;">—</div><div id="a130990" style="position:absolute;left:698.64px;top:85px;">258</div><div id="a130992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Curtailment charge </div><div id="a130995" style="position:absolute;left:243.693px;top:102.1px;">(1,155)</div><div id="a130999" style="position:absolute;left:353.293px;top:102.1px;">—</div><div id="a131003" style="position:absolute;left:419.72px;top:102.1px;">(1,155)</div><div id="a131007" style="position:absolute;left:529.32px;top:102.1px;">—</div><div id="a131011" style="position:absolute;left:617.36px;top:102.1px;">—</div><div id="a131015" style="position:absolute;left:705.36px;top:102.1px;">—</div><div id="a131017" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Actuarial loss amortization </div><div id="a131020" style="position:absolute;left:258.573px;top:119.1px;">886</div><div id="a131024" style="position:absolute;left:336.493px;top:119.1px;">2,110</div><div id="a131028" style="position:absolute;left:424.52px;top:119.1px;">2,996</div><div id="a131032" style="position:absolute;left:522.6px;top:119.1px;">757</div><div id="a131036" style="position:absolute;left:600.56px;top:119.1px;">2,348</div><div id="a131040" style="position:absolute;left:688.56px;top:119.1px;">3,105</div><div id="a131042" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Prior service (credit) cost<div style="display:inline-block;width:3.84px"> </div></div><div id="a131061" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:153px;">amortization </div><div id="a131064" style="position:absolute;left:253.613px;top:153px;">(167)</div><div id="a131068" style="position:absolute;left:353.293px;top:153px;">—</div><div id="a131072" style="position:absolute;left:429.64px;top:153px;">(167)</div><div id="a131076" style="position:absolute;left:517.64px;top:153px;">(165)</div><div id="a131080" style="position:absolute;left:617.36px;top:153px;">—</div><div id="a131084" style="position:absolute;left:693.68px;top:153px;">(165)</div><div id="a131086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.1px;">Net periodic benefit cost </div><div id="a131088" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:171.1px;">$ </div><div id="a131090" style="position:absolute;left:248.493px;top:171.1px;">2,970</div><div id="a131093" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:171.1px;">$ </div><div id="a131095" style="position:absolute;left:329.933px;top:171.1px;">23,381</div><div id="a131098" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:171.1px;">$ </div><div id="a131100" style="position:absolute;left:417.96px;top:171.1px;">26,351</div><div id="a131103" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:171.1px;">$ </div><div id="a131105" style="position:absolute;left:512.52px;top:171.1px;">3,735</div><div id="a131108" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:171.1px;">$ </div><div id="a131110" style="position:absolute;left:600.56px;top:171.1px;">2,868</div><div id="a131113" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:171.1px;">$ </div><div id="a131115" style="position:absolute;left:688.56px;top:171.1px;">6,603</div></div></div></div><div id="TextBlockContainer1107" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:546px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131122" style="position:absolute;font-weight:bold;font-style:normal;left:401.133px;top:0px;">2018 </div><div id="a131128" style="position:absolute;font-weight:bold;font-style:normal;left:299.373px;top:17.6px;">Foreign </div><div id="a131131" style="position:absolute;font-weight:bold;font-style:normal;left:397.773px;top:17.6px;">U.S. </div><div id="a131134" style="position:absolute;font-weight:bold;font-style:normal;left:482.453px;top:17.6px;">Total </div><div id="a131139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Service cost </div><div id="a131141" style="position:absolute;font-weight:normal;font-style:normal;left:282.547px;top:35.2px;">$ </div><div id="a131143" style="position:absolute;left:326.573px;top:35.2px;">3,426</div><div id="a131146" style="position:absolute;font-weight:normal;font-style:normal;left:370.573px;top:35.2px;">$ </div><div id="a131148" style="position:absolute;left:424.653px;top:35.2px;">383</div><div id="a131151" style="position:absolute;font-weight:normal;font-style:normal;left:458.573px;top:35.2px;">$ </div><div id="a131153" style="position:absolute;left:502.613px;top:35.2px;">3,809</div><div id="a131158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Interest cost </div><div id="a131161" style="position:absolute;left:326.573px;top:52.8px;">2,254</div><div id="a131165" style="position:absolute;left:414.573px;top:52.8px;">1,847</div><div id="a131169" style="position:absolute;left:502.613px;top:52.8px;">4,101</div><div id="a131174" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Expected return on plan assets </div><div id="a131177" style="position:absolute;left:321.773px;top:70.4px;">(2,228)</div><div id="a131181" style="position:absolute;left:409.773px;top:70.4px;">(2,803)</div><div id="a131185" style="position:absolute;left:497.813px;top:70.4px;">(5,031)</div><div id="a131190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Settlement loss </div><div id="a131194" style="position:absolute;left:349.933px;top:88px;">2</div><div id="a131198" style="position:absolute;left:431.373px;top:88px;">—</div><div id="a131202" style="position:absolute;left:525.973px;top:88px;">2</div><div id="a131207" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">Actuarial loss amortization </div><div id="a131210" style="position:absolute;left:336.653px;top:105.6px;">881</div><div id="a131214" style="position:absolute;left:414.573px;top:105.6px;">2,276</div><div id="a131218" style="position:absolute;left:502.613px;top:105.6px;">3,157</div><div id="a131223" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Prior service (credit) cost amortization </div><div id="a131226" style="position:absolute;left:331.693px;top:123.2px;">(175)</div><div id="a131230" style="position:absolute;left:431.373px;top:123.2px;">59</div><div id="a131234" style="position:absolute;left:507.733px;top:123.2px;">(116)</div><div id="a131239" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Net periodic benefit cost </div><div id="a131241" style="position:absolute;font-weight:normal;font-style:normal;left:282.547px;top:141.6px;">$ </div><div id="a131243" style="position:absolute;left:326.573px;top:141.6px;">4,160</div><div id="a131246" style="position:absolute;font-weight:normal;font-style:normal;left:370.573px;top:141.6px;">$ </div><div id="a131248" style="position:absolute;left:414.573px;top:141.6px;">1,762</div><div id="a131251" style="position:absolute;font-weight:normal;font-style:normal;left:458.573px;top:141.6px;">$ </div><div id="a131253" style="position:absolute;left:502.613px;top:141.6px;">5,922</div></div><div id="TextBlockContainer1110" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:437px;height:16px;display:inline-block;"><div id="a131256" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Other changes recognized in other comprehensive<div style="display:inline-block;width:5.18px"> </div>income – pension plans:</div></div><div id="TextBlockContainer1113" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131279" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a131283" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a131288" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.1px;">Foreign </div><div id="a131291" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.1px;">U.S. </div><div id="a131294" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.1px;">Total </div><div id="a131297" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.1px;">Foreign </div><div id="a131300" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.1px;">U.S. </div><div id="a131303" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.1px;">Total </div><div id="a131305" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Net (gain) loss arising during<div style="display:inline-block;width:4.06px"> </div></div><div id="a131325" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">the period </div><div id="a131327" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:51px;">$ </div><div id="a131329" style="position:absolute;left:243.693px;top:51px;">(1,594)</div><div id="a131332" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:51px;">$ </div><div id="a131334" style="position:absolute;left:336.493px;top:51px;">1,536</div><div id="a131337" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:51px;">$ </div><div id="a131339" style="position:absolute;left:436.36px;top:51px;">(58)</div><div id="a131342" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:51px;">$ </div><div id="a131344" style="position:absolute;left:512.52px;top:51px;">3,826</div><div id="a131347" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:51px;">$ </div><div id="a131349" style="position:absolute;left:600.56px;top:51px;">3,926</div><div id="a131352" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:51px;">$ </div><div id="a131354" style="position:absolute;left:688.56px;top:51px;">7,752</div><div id="a131356" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Effect of plan amendment </div><div id="a131375" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Recognition of amortization in net </div><div id="a131395" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:102.1px;">periodic benefit cost </div><div id="a131416" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:119px;">Settlement (loss) </div><div id="a131419" style="position:absolute;left:260.333px;top:119px;">(39)</div><div id="a131423" style="position:absolute;left:324.973px;top:119px;">(22,667)</div><div id="a131427" style="position:absolute;left:413px;top:119px;">(22,706)</div><div id="a131431" style="position:absolute;left:529.32px;top:119px;">—</div><div id="a131435" style="position:absolute;left:617.36px;top:119px;">—</div><div id="a131439" style="position:absolute;left:705.36px;top:119px;">—</div><div id="a131443" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:136px;">Prior service credit (cost) </div><div id="a131446" style="position:absolute;left:248.493px;top:136px;">1,325</div><div id="a131450" style="position:absolute;left:353.293px;top:136px;">50</div><div id="a131454" style="position:absolute;left:424.52px;top:136px;">1,375</div><div id="a131458" style="position:absolute;left:522.6px;top:136px;">196</div><div id="a131462" style="position:absolute;left:617.36px;top:136px;">—</div><div id="a131466" style="position:absolute;left:698.64px;top:136px;">196</div><div id="a131470" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:153.2px;">Actuarial loss </div><div id="a131473" style="position:absolute;left:253.613px;top:153.2px;">(758)</div><div id="a131477" style="position:absolute;left:336.493px;top:153.2px;">3,967</div><div id="a131481" style="position:absolute;left:424.52px;top:153.2px;">3,209</div><div id="a131485" style="position:absolute;left:507.72px;top:153.2px;">(1,015)</div><div id="a131489" style="position:absolute;left:595.76px;top:153.2px;">(2,347)</div><div id="a131493" style="position:absolute;left:683.76px;top:153.2px;">(3,362)</div><div id="a131497" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:170.1px;">Curtailment Recognition </div><div id="a131500" style="position:absolute;left:267.053px;top:170.1px;">(3)</div><div id="a131504" style="position:absolute;left:353.293px;top:170.1px;">—</div><div id="a131508" style="position:absolute;left:443.08px;top:170.1px;">(3)</div><div id="a131512" style="position:absolute;left:529.32px;top:170.1px;">—</div><div id="a131516" style="position:absolute;left:617.36px;top:170.1px;">—</div><div id="a131520" style="position:absolute;left:705.36px;top:170.1px;">—</div><div id="a131522" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Effect of exchange rates on amounts </div><div id="a131542" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">included in AOCI </div><div id="a131545" style="position:absolute;left:248.493px;top:204px;">1,535</div><div id="a131549" style="position:absolute;left:353.293px;top:204px;">—</div><div id="a131553" style="position:absolute;left:424.52px;top:204px;">1,535</div><div id="a131557" style="position:absolute;left:524.36px;top:204px;">(61)</div><div id="a131561" style="position:absolute;left:617.36px;top:204px;">—</div><div id="a131565" style="position:absolute;left:700.4px;top:204px;">(61)</div><div id="a131567" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221.2px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other<div style="display:inline-block;width:3.41px"> </div></div><div id="a131588" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:238.1px;">comprehensive loss (income)<div style="display:inline-block;width:3.92px"> </div></div><div id="a131591" style="position:absolute;left:258.573px;top:238.1px;">466</div><div id="a131595" style="position:absolute;left:324.973px;top:238.1px;">(17,114)</div><div id="a131599" style="position:absolute;left:413px;top:238.1px;">(16,648)</div><div id="a131603" style="position:absolute;left:512.52px;top:238.1px;">2,946</div><div id="a131607" style="position:absolute;left:600.56px;top:238.1px;">1,579</div><div id="a131611" style="position:absolute;left:688.56px;top:238.1px;">4,525</div><div id="a131613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic<div style="display:inline-block;width:3.48px"> </div></div><div id="a131633" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:272px;">benefit cost and other<div style="display:inline-block;width:3.9px"> </div></div><div id="a131653" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:290.1px;">comprehensive loss (income)<div style="display:inline-block;width:3.92px"> </div></div><div id="a131655" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:290.1px;">$ </div><div id="a131657" style="position:absolute;left:248.493px;top:290.1px;">3,436</div><div id="a131660" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:290.1px;">$ </div><div id="a131662" style="position:absolute;left:336.493px;top:290.1px;">6,267</div><div id="a131665" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:290.1px;">$ </div><div id="a131667" style="position:absolute;left:424.52px;top:290.1px;">9,703</div><div id="a131670" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:290.1px;">$ </div><div id="a131672" style="position:absolute;left:512.52px;top:290.1px;">6,681</div><div id="a131675" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:290.1px;">$ </div><div id="a131677" style="position:absolute;left:600.56px;top:290.1px;">4,447</div><div id="a131680" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:290.1px;">$ </div><div id="a131682" style="position:absolute;left:682px;top:290.1px;">11,128</div></div><div id="TextBlockContainer1117" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:228px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131738" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2018 </div><div id="a131746" style="position:absolute;font-weight:bold;font-style:normal;left:314.253px;top:17.6px;">Foreign </div><div id="a131750" style="position:absolute;font-weight:bold;font-style:normal;left:412.653px;top:17.6px;">U.S. </div><div id="a131754" style="position:absolute;font-weight:bold;font-style:normal;left:497.333px;top:17.6px;">Total </div><div id="a131758" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Net gain arising during period </div><div id="a131760" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:35.2px;">$ </div><div id="a131762" style="position:absolute;left:341.613px;top:35.2px;">(663)</div><div id="a131765" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:35.2px;">$ </div><div id="a131767" style="position:absolute;left:434.573px;top:35.2px;">453</div><div id="a131770" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:35.2px;">$ </div><div id="a131772" style="position:absolute;left:517.653px;top:35.2px;">(210)</div><div id="a131776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Recognition of amortization in net periodic benefit </div><div id="a131789" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:70.4px;"><div style="display:inline-block;width:3.36px"> </div>cost </div><div id="a131804" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:88px;">Prior service credit (cost) </div><div id="a131807" style="position:absolute;left:346.573px;top:88px;">175</div><div id="a131811" style="position:absolute;left:436.333px;top:88px;">(59)</div><div id="a131815" style="position:absolute;left:522.613px;top:88px;">116</div><div id="a131821" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:105.6px;">Actuarial loss </div><div id="a131824" style="position:absolute;left:341.613px;top:105.6px;">(883)</div><div id="a131828" style="position:absolute;left:419.693px;top:105.6px;">(2,276)</div><div id="a131832" style="position:absolute;left:507.733px;top:105.6px;">(3,159)</div><div id="a131836" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Effect of exchange rates on amounts included </div><div id="a131850" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:140.8px;"><div style="display:inline-block;width:3.36px"> </div>in AOCI </div><div id="a131854" style="position:absolute;left:341.613px;top:140.8px;">(890)</div><div id="a131858" style="position:absolute;left:441.293px;top:140.8px;">—</div><div id="a131862" style="position:absolute;left:517.653px;top:140.8px;">(890)</div><div id="a131879" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other comprehensive loss </div><div id="a131882" style="position:absolute;left:331.693px;top:176px;">(2,261)</div><div id="a131886" style="position:absolute;left:419.693px;top:176px;">(1,882)</div><div id="a131890" style="position:absolute;left:507.733px;top:176px;">(4,143)</div><div id="a131894" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:193.6px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic benefit cost and<div style="display:inline-block;width:3.78px"> </div></div><div id="a131907" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:212px;">other comprehensive loss </div><div id="a131909" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:212px;">$ </div><div id="a131911" style="position:absolute;left:336.493px;top:212px;">1,899</div><div id="a131914" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:212px;">$ </div><div id="a131916" style="position:absolute;left:429.613px;top:212px;">(120)</div><div id="a131919" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:212px;">$ </div><div id="a131921" style="position:absolute;left:512.533px;top:212px;">1,779</div></div><div id="TextBlockContainer1120" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:409px;height:16px;display:inline-block;"><div id="a131924" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Components of net periodic benefit costs – other postretirement<div style="display:inline-block;width:5.47px"> </div>plan:</div></div><div id="TextBlockContainer1124" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1122_XBRL_TS_3800074caf6c437aa24c71b071e6b922" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1123" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131948" style="position:absolute;font-weight:bold;font-style:normal;left:323.053px;top:0px;">2020 </div><div id="a131952" style="position:absolute;font-weight:bold;font-style:normal;left:411.053px;top:0px;">2019 </div><div id="a131956" style="position:absolute;font-weight:bold;font-style:normal;left:499.093px;top:0px;">2018 </div><div id="a131960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Service cost </div><div id="a131962" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:17.8px;">$ </div><div id="a131964" style="position:absolute;left:363.853px;top:17.3px;">5</div><div id="a131967" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:17.8px;">$ </div><div id="a131969" style="position:absolute;left:451.853px;top:17.3px;">6</div><div id="a131972" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:17.8px;">$ </div><div id="a131974" style="position:absolute;left:539.893px;top:17.3px;">7</div><div id="a131978" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Interest cost </div><div id="a131981" style="position:absolute;left:357.293px;top:33.9px;">77</div><div id="a131985" style="position:absolute;left:438.573px;top:33.9px;">143</div><div id="a131989" style="position:absolute;left:526.613px;top:33.9px;">130</div><div id="a131993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Actuarial loss amortization </div><div id="a131996" style="position:absolute;left:355.053px;top:51px;">(5)</div><div id="a132000" style="position:absolute;left:445.293px;top:51px;">—</div><div id="a132004" style="position:absolute;left:533.333px;top:51px;">42</div><div id="a132008" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Net periodic benefit costs </div><div id="a132010" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:69.8px;">$ </div><div id="a132012" style="position:absolute;left:357.293px;top:68.8px;">77</div><div id="a132015" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:69.8px;">$ </div><div id="a132017" style="position:absolute;left:438.573px;top:68.8px;">149</div><div id="a132020" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:69.8px;">$ </div><div id="a132022" style="position:absolute;left:526.613px;top:68.8px;">179</div></div></div></div><div id="TextBlockContainer1126" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:16px;display:inline-block;"><div id="a132025" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Other changes recognized in other comprehensive<div style="display:inline-block;width:5.18px"> </div>income – other postretirement benefit<div style="display:inline-block;width:4.7px"> </div>plans:</div></div><div id="TextBlockContainer1129" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:141px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132053" style="position:absolute;font-weight:bold;font-style:normal;left:323.053px;top:0px;">2020 </div><div id="a132057" style="position:absolute;font-weight:bold;font-style:normal;left:411.053px;top:0px;">2019 </div><div id="a132061" style="position:absolute;font-weight:bold;font-style:normal;left:499.093px;top:0px;">2018 </div><div id="a132065" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.9px;">Net (gain) loss arising during period </div><div id="a132067" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:18.7px;">$ </div><div id="a132069" style="position:absolute;left:341.613px;top:17.9px;">(864)</div><div id="a132072" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:18.7px;">$ </div><div id="a132074" style="position:absolute;left:434.573px;top:17.9px;">395</div><div id="a132077" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:18.7px;">$ </div><div id="a132079" style="position:absolute;left:517.653px;top:17.9px;">(443)</div><div id="a132083" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Amortization of actuarial loss in net periodic<div style="display:inline-block;width:4.37px"> </div></div><div id="a132096" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:52.8px;">benefit costs </div><div id="a132099" style="position:absolute;left:359.853px;top:52.8px;">5</div><div id="a132103" style="position:absolute;left:441.293px;top:52.8px;">—</div><div id="a132107" style="position:absolute;left:524.373px;top:52.8px;">(42)</div><div id="a132111" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other comprehensive (income) </div><div id="a132124" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:88.3px;">loss </div><div id="a132127" style="position:absolute;left:341.613px;top:88.3px;">(859)</div><div id="a132131" style="position:absolute;left:434.573px;top:88.3px;">395</div><div id="a132135" style="position:absolute;left:517.653px;top:88.3px;">(485)</div><div id="a132139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.9px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic benefit cost and<div style="display:inline-block;width:3.78px"> </div></div><div id="a132152" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:123.5px;">other comprehensive (income) loss<div style="display:inline-block;width:4.05px"> </div></div><div id="a132154" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:125.1px;">$ </div><div id="a132156" style="position:absolute;left:341.613px;top:123.5px;">(782)</div><div id="a132159" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:125.1px;">$ </div><div id="a132161" style="position:absolute;left:434.573px;top:123.5px;">544</div><div id="a132164" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:125.1px;">$ </div><div id="a132166" style="position:absolute;left:517.653px;top:123.5px;">(306)</div></div><div id="TextBlockContainer1132" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:604px;height:16px;display:inline-block;"><div id="a132169" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Weighted-average<div style="display:inline-block;width:4.7px"> </div>assumptions used to determine benefit obligations as of December<div style="display:inline-block;width:4.79px"> </div>31, 2020 and 2019:</div></div><div id="TextBlockContainer1136" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1134_XBRL_CS_e475b38b71494e68a763194ed20c2693" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1135" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132209" style="position:absolute;font-weight:bold;font-style:normal;left:402.253px;top:0px;">Other Postretirement </div><div id="a132215" style="position:absolute;font-weight:bold;font-style:normal;left:240.627px;top:17px;">Pension Benefits </div><div id="a132218" style="position:absolute;font-weight:bold;font-style:normal;left:440.493px;top:17px;">Benefits </div><div id="a132224" style="position:absolute;font-weight:bold;font-style:normal;left:230.067px;top:33.9px;">2020 </div><div id="a132227" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:33.9px;">2019 </div><div id="a132230" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:33.9px;">2020 </div><div id="a132233" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:33.9px;">2019 </div><div id="a132237" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51px;">U.S. Plans: </div><div id="a132252" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Discount rate </div><div id="a132254" style="position:absolute;left:244.307px;top:68px;">2.19</div><div id="a132256" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:68px;">% </div><div id="a132259" style="position:absolute;left:332.333px;top:68px;">3.06</div><div id="a132261" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:68px;">% </div><div id="a132264" style="position:absolute;left:420.333px;top:68px;">2.05</div><div id="a132266" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:68px;">% </div><div id="a132269" style="position:absolute;left:508.373px;top:68px;">2.98</div><div id="a132271" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:68px;">% </div><div id="a132275" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Rate of compensation increase </div><div id="a132277" style="position:absolute;left:244.307px;top:85px;">6.00</div><div id="a132279" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:85px;">% </div><div id="a132282" style="position:absolute;left:332.333px;top:85px;">6.00</div><div id="a132284" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:85px;">% </div><div id="a132287" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:85px;">N/A </div><div id="a132291" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:85px;">N/A </div><div id="a132311" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:119.1px;">Foreign<div style="display:inline-block;width:3.82px"> </div>Plans: </div><div id="a132327" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Discount rate </div><div id="a132330" style="position:absolute;left:244.307px;top:136px;">1.79</div><div id="a132332" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:136px;">% </div><div id="a132335" style="position:absolute;left:332.333px;top:136px;">1.83</div><div id="a132337" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:136px;">% </div><div id="a132340" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:136px;">N/A </div><div id="a132344" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:136px;">N/A </div><div id="a132349" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Rate of compensation increase </div><div id="a132351" style="position:absolute;left:244.307px;top:153px;">2.74</div><div id="a132353" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:153px;">% </div><div id="a132356" style="position:absolute;left:332.333px;top:153px;">2.58</div><div id="a132358" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:153px;">% </div><div id="a132361" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:153px;">N/A </div><div id="a132365" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:153px;">N/A</div></div></div></div><div id="TextBlockContainer1138" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:713px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132419" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Weighted-average<div style="display:inline-block;width:4.7px"> </div>assumptions used to determine net periodic benefit costs for the<div style="display:inline-block;width:4.75px"> </div>years ended December 31, 2020 and </div><div id="a132455" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:15.4px;">2019:</div></div><div id="TextBlockContainer1142" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:245px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1140_XBRL_CS_dc681f98d2e6433997799743b7ab5c9c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1141" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:245px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132466" style="position:absolute;font-weight:bold;font-style:normal;left:402.253px;top:0px;">Other Postretirement </div><div id="a132473" style="position:absolute;font-weight:bold;font-style:normal;left:240.627px;top:17.6px;">Pension Benefits </div><div id="a132476" style="position:absolute;font-weight:bold;font-style:normal;left:440.493px;top:17.6px;">Benefits </div><div id="a132482" style="position:absolute;font-weight:bold;font-style:normal;left:230.067px;top:35.2px;">2020 </div><div id="a132485" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:35.2px;">2019 </div><div id="a132488" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:35.2px;">2020 </div><div id="a132491" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:35.2px;">2019 </div><div id="a132495" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:52.8px;">U.S. Plans: </div><div id="a132510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Discount rate </div><div id="a132512" style="position:absolute;left:244.307px;top:70.4px;">3.11</div><div id="a132514" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:70.4px;">% </div><div id="a132517" style="position:absolute;left:332.333px;top:70.4px;">4.08</div><div id="a132519" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:70.4px;">% </div><div id="a132522" style="position:absolute;left:420.333px;top:70.4px;">2.99</div><div id="a132524" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:70.4px;">% </div><div id="a132527" style="position:absolute;left:508.373px;top:70.4px;">4.03</div><div id="a132529" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:70.4px;">% </div><div id="a132533" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Expected long-term return on </div><div id="a132551" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.6px;">plan assets </div><div id="a132554" style="position:absolute;left:244.307px;top:105.6px;">6.50</div><div id="a132556" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:105.6px;">% </div><div id="a132559" style="position:absolute;left:332.333px;top:105.6px;">5.75</div><div id="a132561" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:105.6px;">% </div><div id="a132564" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:105.6px;">N/A </div><div id="a132568" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:105.6px;">N/A </div><div id="a132573" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Rate of compensation increase </div><div id="a132575" style="position:absolute;left:244.307px;top:123.2px;">6.00</div><div id="a132577" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:123.2px;">% </div><div id="a132580" style="position:absolute;left:332.333px;top:123.2px;">5.50</div><div id="a132582" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:123.2px;">% </div><div id="a132585" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:123.2px;">N/A </div><div id="a132589" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:123.2px;">N/A </div><div id="a132609" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:158.4px;">Foreign Plans: </div><div id="a132624" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176px;">Discount rate </div><div id="a132627" style="position:absolute;left:244.307px;top:176px;">2.30</div><div id="a132629" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:176px;">% </div><div id="a132632" style="position:absolute;left:332.333px;top:176px;">2.30</div><div id="a132634" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:176px;">% </div><div id="a132637" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:176px;">N/A </div><div id="a132641" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:176px;">N/A </div><div id="a132646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:193.6px;">Expected long-term return on </div><div id="a132664" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:211.2px;">plan assets </div><div id="a132666" style="position:absolute;left:244.307px;top:211.2px;">2.20</div><div id="a132668" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:211.2px;">% </div><div id="a132671" style="position:absolute;left:332.333px;top:211.2px;">3.13</div><div id="a132673" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:211.2px;">% </div><div id="a132676" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:211.2px;">N/A </div><div id="a132680" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:211.2px;">N/A </div><div id="a132685" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:228.8px;">Rate of compensation increase </div><div id="a132687" style="position:absolute;left:244.307px;top:228.8px;">2.79</div><div id="a132689" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:228.8px;">% </div><div id="a132692" style="position:absolute;left:332.333px;top:228.8px;">2.87</div><div id="a132694" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:228.8px;">% </div><div id="a132697" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:228.8px;">N/A </div><div id="a132701" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:228.8px;">N/A</div></div></div></div><div id="TextBlockContainer1144" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:720px;height:70px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132705" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The long-term rates of return on assets were selected from<div style="display:inline-block;width:4.61px"> </div>within the reasonable range of rates determined by (a)<div style="display:inline-block;width:4.71px"> </div>historical real </div><div id="a132749" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">returns for the asset classes covered by the investment<div style="display:inline-block;width:4.75px"> </div>policy and (b) projections of inflation over the long-term period<div style="display:inline-block;width:4.83px"> </div>during which </div><div id="a132793" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">benefits are payable to plan participants.<div style="display:inline-block;width:7.7px"> </div>See Note 1 of Notes to Consolidated Financial Statements for<div style="display:inline-block;width:4.72px"> </div>further information. </div><div id="a132829" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:53.9px;">Assumed health care cost trend rates<div style="display:inline-block;width:4.71px"> </div>as of December 31, 2020 and 2019:</div></div><div id="TextBlockContainer1148" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1146_XBRL_TS_94e281aab42b4c63b9a5464d75bdd59d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1147" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132860" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2020 </div><div id="a132863" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:0px;">2019 </div><div id="a132867" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Health care cost trend rate for next year </div><div id="a132869" style="position:absolute;left:420.333px;top:17.4px;">5.70</div><div id="a132871" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:17.4px;">% </div><div id="a132874" style="position:absolute;left:508.373px;top:17.4px;">5.90</div><div id="a132876" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:17.4px;">% </div><div id="a132880" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Rate to which the cost trend rate is assumed to decline (the </div><div id="a132890" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">ultimate trend rate) </div><div id="a132892" style="position:absolute;left:420.333px;top:51px;">4.50</div><div id="a132894" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:51px;">% </div><div id="a132897" style="position:absolute;left:508.373px;top:51px;">4.50</div><div id="a132899" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:51px;">% </div><div id="a132903" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Year<div style="display:inline-block;width:4.81px"> </div>that the rate reaches the ultimate trend rate </div><div id="a132905" style="position:absolute;left:416.973px;top:68px;">2037</div><div id="a132909" style="position:absolute;left:505.013px;top:68px;">2037</div></div></div></div><div id="TextBlockContainer1150" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:55px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132913" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Plan Assets and Fair Value </div><div id="a132923" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company’s pension<div style="display:inline-block;width:4.69px"> </div>plan target asset allocation and the weighted-average<div style="display:inline-block;width:4.78px"> </div>asset allocations as of December 31, 2020 and 2019 </div><div id="a132964" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">by asset category were as follows:</div></div><div id="TextBlockContainer1154" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:553px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1152_XBRL_CS_fc5a067d8da249c39b65152fc2f539b4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1153" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:553px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132977" style="position:absolute;font-weight:bold;font-style:italic;left:4.427px;top:0px;">Asset Category </div><div id="a132979" style="position:absolute;font-weight:bold;font-style:normal;left:312.173px;top:0px;">Target </div><div id="a132982" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2020 </div><div id="a132985" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:0px;">2019 </div><div id="a132989" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.9px;">U.S. Plans </div><div id="a133001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.6px;">Equity securities </div><div id="a133003" style="position:absolute;left:342.413px;top:34.6px;">10</div><div id="a133005" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:34.6px;">% </div><div id="a133008" style="position:absolute;left:430.413px;top:34.6px;">58</div><div id="a133010" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:34.6px;">% </div><div id="a133013" style="position:absolute;left:518.453px;top:34.6px;">32</div><div id="a133015" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:34.6px;">% </div><div id="a133019" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.5px;">Debt securities </div><div id="a133021" style="position:absolute;left:342.413px;top:51.5px;">90</div><div id="a133023" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:51.5px;">% </div><div id="a133026" style="position:absolute;left:430.413px;top:51.5px;">36</div><div id="a133028" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:51.5px;">% </div><div id="a133031" style="position:absolute;left:518.453px;top:51.5px;">64</div><div id="a133033" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:51.5px;">% </div><div id="a133037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.5px;">Other </div><div id="a133039" style="position:absolute;left:348.973px;top:68.5px;">0</div><div id="a133041" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:68.5px;">% </div><div id="a133044" style="position:absolute;left:436.973px;top:68.5px;">6</div><div id="a133046" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:68.5px;">% </div><div id="a133049" style="position:absolute;left:525.013px;top:68.5px;">4</div><div id="a133051" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:68.5px;">% </div><div id="a133056" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:86.4px;">Total </div><div id="a133058" style="position:absolute;left:335.693px;top:86.4px;">100</div><div id="a133060" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:86.4px;">% </div><div id="a133063" style="position:absolute;left:423.693px;top:86.4px;">100</div><div id="a133065" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:86.4px;">% </div><div id="a133068" style="position:absolute;left:511.733px;top:86.4px;">100</div><div id="a133070" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:86.4px;">% </div><div id="a133086" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:121.6px;">Foreign Plans </div><div id="a133099" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.6px;">Equity securities </div><div id="a133101" style="position:absolute;left:342.413px;top:138.6px;">37</div><div id="a133103" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:138.6px;">% </div><div id="a133106" style="position:absolute;left:430.413px;top:138.6px;">33</div><div id="a133108" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:138.6px;">% </div><div id="a133111" style="position:absolute;left:518.453px;top:138.6px;">34</div><div id="a133113" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:138.6px;">% </div><div id="a133117" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.6px;">Debt securities </div><div id="a133119" style="position:absolute;left:342.413px;top:155.6px;">53</div><div id="a133121" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:155.6px;">% </div><div id="a133124" style="position:absolute;left:430.413px;top:155.6px;">45</div><div id="a133126" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:155.6px;">% </div><div id="a133129" style="position:absolute;left:518.453px;top:155.6px;">45</div><div id="a133131" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:155.6px;">% </div><div id="a133135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172.5px;">Other </div><div id="a133137" style="position:absolute;left:342.413px;top:172.5px;">10</div><div id="a133139" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:172.5px;">% </div><div id="a133142" style="position:absolute;left:430.413px;top:172.5px;">22</div><div id="a133144" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:172.5px;">% </div><div id="a133147" style="position:absolute;left:518.453px;top:172.5px;">21</div><div id="a133149" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:172.5px;">% </div><div id="a133154" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:190.4px;">Total </div><div id="a133156" style="position:absolute;left:335.693px;top:190.4px;">100</div><div id="a133158" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:190.4px;">% </div><div id="a133161" style="position:absolute;left:423.693px;top:190.4px;">100</div><div id="a133163" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:190.4px;">% </div><div id="a133166" style="position:absolute;left:511.733px;top:190.4px;">100</div><div id="a133168" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:190.4px;">%</div></div></div></div><div id="TextBlockContainer1156" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:742px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133221" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020 and 2019, “Other” consisted principally<div style="display:inline-block;width:4.93px"> </div>of cash and cash equivalents, and investments in real estate </div><div id="a133262" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">funds.<div style="display:inline-block;width:3.52px"> </div></div><div id="a133265" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:38.7px;">The following is a description of the valuation methodologies<div style="display:inline-block;width:4.72px"> </div>used for the investments measured at fair value, including<div style="display:inline-block;width:4.72px"> </div>the </div><div id="a133304" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">general classification of such instruments pursuant to<div style="display:inline-block;width:4.77px"> </div>the valuation hierarchy,<div style="display:inline-block;width:3.89px"> </div>where applicable: </div><div id="a133330" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:77.4px;">Cash and Cash<div style="display:inline-block;width:0.94px"> </div>Equivalents </div><div id="a133338" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:100.6px;">Cash and<div style="display:inline-block;width:1.82px"> </div>cash equivalents<div style="display:inline-block;width:0.28px"> </div>consist of<div style="display:inline-block;width:1.41px"> </div>cash and<div style="display:inline-block;width:1.75px"> </div>money market<div style="display:inline-block;width:0.95px"> </div>funds and<div style="display:inline-block;width:1.62px"> </div>are classified<div style="display:inline-block;width:0.56px"> </div>as Level<div style="display:inline-block;width:1.79px"> </div>1 investments. </div><div id="a133374" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:124px;">Commingled Funds</div><div id="a133377" style="position:absolute;font-weight:normal;font-style:normal;left:133.253px;top:124px;"> </div><div id="a133378" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:147.4px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the U.S.<div style="display:inline-block;width:1.11px"> </div>pension plan<div style="display:inline-block;width:1.02px"> </div>and foreign<div style="display:inline-block;width:1.24px"> </div>pension plan<div style="display:inline-block;width:0.82px"> </div>commingled<div style="display:inline-block;width:1.48px"> </div>funds represent<div style="display:inline-block;width:0.42px"> </div>pooled institutional<div style="display:inline-block;width:0px;margin-left:-0.15px"> </div>investments, </div><div id="a133410" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:162.7px;">including<div style="display:inline-block;width:1.71px"> </div>primarily<div style="display:inline-block;width:1.46px"> </div>collective<div style="display:inline-block;width:1.5px"> </div>investment<div style="display:inline-block;width:1.44px"> </div>trusts.<div style="display:inline-block;width:5.02px"> </div>These commingled funds are not available on an exchange or<div style="display:inline-block;width:4.7px"> </div>in an active market </div><div id="a133450" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:178.1px;">and these investments are valued using<div style="display:inline-block;width:1.82px"> </div>their net<div style="display:inline-block;width:1.4px"> </div>asset value<div style="display:inline-block;width:1.15px"> </div>(“NAV”), which is generally<div style="display:inline-block;width:0.18px"> </div>based on<div style="display:inline-block;width:1.8px"> </div>the underlying<div style="display:inline-block;width:0.72px"> </div>asset values<div style="display:inline-block;width:0.94px"> </div>of the </div><div id="a133494" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:193.4px;">investments<div style="display:inline-block;width:1.22px"> </div>held in the<div style="display:inline-block;width:1.38px"> </div>trusts.<div style="display:inline-block;width:1.66px"> </div></div><div id="a133506" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:216.6px;">As of December 31, 2020, the foreign pension plan commingled<div style="display:inline-block;width:4.91px"> </div>funds included approximately </div><div id="a133506_90_2" style="position:absolute;left:561.8px;top:216.6px;">35</div><div id="a133506_92_27" style="position:absolute;font-weight:normal;font-style:normal;left:575.28px;top:216.6px;"><div style="display:inline-block;width:3.2px"> </div>percent of investments in </div><div id="a133544" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:232px;">equity securities, </div><div id="a133544_19_2" style="position:absolute;left:122.213px;top:232px;">51</div><div id="a133544_21_56" style="position:absolute;font-weight:normal;font-style:normal;left:135.653px;top:232px;"><div style="display:inline-block;width:3.2px"> </div>percent of investments in fixed income securities, and </div><div id="a133544_77_2" style="position:absolute;left:429.48px;top:232px;">14</div><div id="a133544_79_53" style="position:absolute;font-weight:normal;font-style:normal;left:442.92px;top:232px;"><div style="display:inline-block;width:3.2px"> </div>percent of other non-related investments, primarily </div><div id="a133582" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:247.4px;">real estate. </div><div id="a133586" style="position:absolute;font-size:16px;font-weight:normal;font-style:normal;left:88.779px;top:244.9px;"> </div><div id="a133587" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:270.8px;">Pooled Separate<div style="display:inline-block;width:0.68px"> </div>Accounts </div><div id="a133593" style="position:absolute;font-weight:normal;font-style:normal;left:167.493px;top:270.8px;"> </div><div id="a133594" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:294.1px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the U.S.<div style="display:inline-block;width:1.11px"> </div>pension plan<div style="display:inline-block;width:1.02px"> </div>pooled separate<div style="display:inline-block;width:0.56px"> </div>accounts<div style="display:inline-block;width:1.54px"> </div>consist of<div style="display:inline-block;width:1.55px"> </div>annuity contracts<div style="display:inline-block;width:0.11px"> </div>and are<div style="display:inline-block;width:1.77px"> </div>valued based<div style="display:inline-block;width:1.01px"> </div>on the reported </div><div id="a133634" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:309.3px;">unit value<div style="display:inline-block;width:1.53px"> </div>at year<div style="display:inline-block;width:1.84px"> </div>end.<div style="display:inline-block;width:5.67px"> </div>Units of<div style="display:inline-block;width:1.48px"> </div>the pooled<div style="display:inline-block;width:1.47px"> </div>separate<div style="display:inline-block;width:1.62px"> </div>account are<div style="display:inline-block;width:1.26px"> </div>not traded<div style="display:inline-block;width:1.28px"> </div>on an exchange<div style="display:inline-block;width:0.77px"> </div>or in an<div style="display:inline-block;width:1.67px"> </div>active market;<div style="display:inline-block;width:0.62px"> </div>however, valuation<div style="display:inline-block;width:0.67px"> </div>is </div><div id="a133684" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:324.7px;">based on the<div style="display:inline-block;width:1.17px"> </div>underlying<div style="display:inline-block;width:1.34px"> </div>investments<div style="display:inline-block;width:1.24px"> </div>of each pooled<div style="display:inline-block;width:0.71px"> </div>separate<div style="display:inline-block;width:1.62px"> </div>account and<div style="display:inline-block;width:1.2px"> </div>are classified<div style="display:inline-block;width:0.72px"> </div>as Level<div style="display:inline-block;width:1.63px"> </div>2 investments.<div style="display:inline-block;width:3.8px"> </div></div><div id="a133684_112_19" style="position:absolute;left:605.679px;top:324.7px;">As of December 31, </div><div id="a133727" style="position:absolute;left:28.427px;top:340px;">2020, the U.S. pension plan pooled separate accounts included approximately 61 percent of investments in equity securities and 39 </div><div id="a133765" style="position:absolute;left:28.427px;top:355.4px;">percent of investments in fixed income securities.</div><div id="a133765_50_1" style="position:absolute;font-weight:normal;font-style:normal;left:283.213px;top:355.4px;"> </div><div id="a133780" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:378.8px;">Fixed Income<div style="display:inline-block;width:1.16px"> </div>Government<div style="display:inline-block;width:1.4px"> </div>Securities </div><div id="a133788" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:402px;">Investments in foreign pension plans fixed income government<div style="display:inline-block;width:4.79px"> </div>securities were valued using third party pricing services </div><div id="a133820" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:417.3px;">which are based on a combination of quoted market<div style="display:inline-block;width:4.65px"> </div>prices on an exchange in an active market as well as proprietary<div style="display:inline-block;width:4.79px"> </div>pricing </div><div id="a133864" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:432.7px;">models and<div style="display:inline-block;width:1.57px"> </div>inputs using<div style="display:inline-block;width:0.88px"> </div>observable<div style="display:inline-block;width:1.36px"> </div>market data<div style="display:inline-block;width:1.25px"> </div>and are classified<div style="display:inline-block;width:0px;margin-left:-0.18px"> </div>as Level<div style="display:inline-block;width:1.81px"> </div>2 investments. </div><div id="a133892" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:456.1px;">Insurance<div style="display:inline-block;width:1.8px"> </div>Contract</div><div id="a133895" style="position:absolute;font-weight:normal;font-style:normal;left:128.933px;top:456.1px;"> </div><div id="a133896" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:479.4px;">Investments in the foreign pension plan insurance contract<div style="display:inline-block;width:4.77px"> </div>are valued at the highest value available for the Company at year </div><div id="a133936" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:494.8px;">end, either the reported cash surrender value of the contract<div style="display:inline-block;width:4.77px"> </div>or the vested benefit obligation.<div style="display:inline-block;width:7.49px"> </div>Both the cash surrender value and </div><div id="a133978" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:510px;">the vested benefit obligation are determined based on unobservable<div style="display:inline-block;width:4.93px"> </div>inputs, which are contractually or actuarially determined, </div><div id="a134010" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:525.3px;">regarding returns, fees, the present value of the future cash<div style="display:inline-block;width:4.81px"> </div>flows of the contract and benefit obligations.<div style="display:inline-block;width:7.8px"> </div>The contract is classified </div><div id="a134053" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:540.7px;">as a Level 3 investment. </div><div id="a134063" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:564.1px;">Diversified<div style="display:inline-block;width:1.34px"> </div>Equity Securities<div style="display:inline-block;width:0.04px"> </div>- Registered<div style="display:inline-block;width:1.6px"> </div>Investment<div style="display:inline-block;width:1.52px"> </div>Companies</div><div id="a134076" style="position:absolute;font-weight:normal;font-style:normal;left:361.933px;top:564.1px;"> </div><div id="a134077" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:587.4px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the foreign<div style="display:inline-block;width:0.62px"> </div>pension plans<div style="display:inline-block;width:0.82px"> </div>diversified<div style="display:inline-block;width:1.29px"> </div>equity securities<div style="display:inline-block;width:0.08px"> </div>of registered<div style="display:inline-block;width:0.78px"> </div>investment<div style="display:inline-block;width:1.24px"> </div>companies<div style="display:inline-block;width:1.65px"> </div>are based<div style="display:inline-block;width:1.59px"> </div>upon the </div><div id="a134111" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:602.8px;">quoted redemption<div style="display:inline-block;width:0.24px"> </div>value of<div style="display:inline-block;width:1.82px"> </div>shares in<div style="display:inline-block;width:1.52px"> </div>the fund<div style="display:inline-block;width:1.55px"> </div>owned by the<div style="display:inline-block;width:1.09px"> </div>plan at year<div style="display:inline-block;width:1.13px"> </div>end.<div style="display:inline-block;width:5.51px"> </div>The shares<div style="display:inline-block;width:1.25px"> </div>of the fund<div style="display:inline-block;width:1.25px"> </div>are not available<div style="display:inline-block;width:0.13px"> </div>on an exchange </div><div id="a134164" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:618px;">or in an<div style="display:inline-block;width:1.87px"> </div>active market;<div style="display:inline-block;width:0.57px"> </div>however, the<div style="display:inline-block;width:1.59px"> </div>fair value<div style="display:inline-block;width:1.49px"> </div>is determined<div style="display:inline-block;width:0.73px"> </div>based on<div style="display:inline-block;width:1.8px"> </div>the underlying<div style="display:inline-block;width:0.71px"> </div>investments<div style="display:inline-block;width:1.2px"> </div>in the fund<div style="display:inline-block;width:1.22px"> </div>as traded<div style="display:inline-block;width:1.4px"> </div>on an exchange </div><div id="a134212" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:633.3px;">in an active<div style="display:inline-block;width:1.06px"> </div>market and<div style="display:inline-block;width:1.44px"> </div>are classified<div style="display:inline-block;width:0.6px"> </div>as Level<div style="display:inline-block;width:1.63px"> </div>2 investments.</div><div id="a134233" style="position:absolute;font-weight:normal;font-style:italic;left:342.253px;top:633.3px;"> </div><div id="a134234" style="position:absolute;font-weight:normal;font-style:italic;left:28.427px;top:656.7px;">Fixed Income<div style="display:inline-block;width:1.16px"> </div>– Foreign Registered<div style="display:inline-block;width:0.61px"> </div>Investment<div style="display:inline-block;width:1.56px"> </div>Companies</div><div id="a134247" style="position:absolute;font-weight:normal;font-style:normal;left:331.853px;top:656.7px;"> </div><div id="a134248" style="position:absolute;font-weight:normal;font-style:normal;left:52.459px;top:680.1px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the foreign<div style="display:inline-block;width:0.62px"> </div>pension plans<div style="display:inline-block;width:0.82px"> </div>fixed income<div style="display:inline-block;width:1.19px"> </div>securities<div style="display:inline-block;width:1.21px"> </div>of foreign<div style="display:inline-block;width:1.38px"> </div>registered<div style="display:inline-block;width:1.41px"> </div>investment<div style="display:inline-block;width:1.24px"> </div>companies<div style="display:inline-block;width:1.65px"> </div>are based<div style="display:inline-block;width:1.43px"> </div>upon the </div><div id="a134285" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:695.5px;">quoted redemption<div style="display:inline-block;width:0.24px"> </div>value of<div style="display:inline-block;width:1.82px"> </div>shares in<div style="display:inline-block;width:1.52px"> </div>the fund<div style="display:inline-block;width:1.55px"> </div>owned by the<div style="display:inline-block;width:1.09px"> </div>plan at year<div style="display:inline-block;width:1.13px"> </div>end.<div style="display:inline-block;width:5.51px"> </div>The shares<div style="display:inline-block;width:1.25px"> </div>of the fund<div style="display:inline-block;width:1.25px"> </div>are not available<div style="display:inline-block;width:0.13px"> </div>on an exchange </div><div id="a134337" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:710.7px;">or in an<div style="display:inline-block;width:1.87px"> </div>active market;<div style="display:inline-block;width:0.57px"> </div>however, the<div style="display:inline-block;width:1.59px"> </div>fair value<div style="display:inline-block;width:1.49px"> </div>is determined<div style="display:inline-block;width:0.73px"> </div>based on<div style="display:inline-block;width:1.8px"> </div>the underlying<div style="display:inline-block;width:0.71px"> </div>investments<div style="display:inline-block;width:1.2px"> </div>in the fund<div style="display:inline-block;width:1.22px"> </div>as traded<div style="display:inline-block;width:1.4px"> </div>on an exchange </div><div id="a134385" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:726px;">in an active<div style="display:inline-block;width:1.06px"> </div>market and<div style="display:inline-block;width:1.44px"> </div>are classified<div style="display:inline-block;width:0.6px"> </div>as Level<div style="display:inline-block;width:1.63px"> </div>2 investments.</div></div><div id="TextBlockContainer1158" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:707px;height:271px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134457" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Diversified Investment Fund - Registered<div style="display:inline-block;width:4.7px"> </div>Investment Companies </div><div id="a134471" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:23.4px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the foreign<div style="display:inline-block;width:0.62px"> </div>pension plan<div style="display:inline-block;width:1.02px"> </div>diversified<div style="display:inline-block;width:1.29px"> </div>investment<div style="display:inline-block;width:1.08px"> </div>fund of registered<div style="display:inline-block;width:0.03px"> </div>investment<div style="display:inline-block;width:1.4px"> </div>companies<div style="display:inline-block;width:1.65px"> </div>are based<div style="display:inline-block;width:1.43px"> </div>upon the quoted </div><div id="a134507" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">redemption<div style="display:inline-block;width:1.47px"> </div>value of<div style="display:inline-block;width:1.82px"> </div>shares in<div style="display:inline-block;width:1.48px"> </div>the fund<div style="display:inline-block;width:1.75px"> </div>owned by<div style="display:inline-block;width:1.76px"> </div>the plan<div style="display:inline-block;width:1.75px"> </div>at year<div style="display:inline-block;width:1.69px"> </div>end.<div style="display:inline-block;width:5.67px"> </div>This fund<div style="display:inline-block;width:1.55px"> </div>is not available<div style="display:inline-block;width:0.09px"> </div>on an exchange<div style="display:inline-block;width:0.65px"> </div>or in an<div style="display:inline-block;width:1.83px"> </div>active market </div><div id="a134562" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">and this investment<div style="display:inline-block;width:0px;margin-left:-0.05px"> </div>is valued<div style="display:inline-block;width:1.38px"> </div>using its<div style="display:inline-block;width:1.64px"> </div>NAV,<div style="display:inline-block;width:5.89px"> </div>which is<div style="display:inline-block;width:1.61px"> </div>generally<div style="display:inline-block;width:1.48px"> </div>based on<div style="display:inline-block;width:1.83px"> </div>the underlying<div style="display:inline-block;width:0.68px"> </div>asset values<div style="display:inline-block;width:0.78px"> </div>of the investments<div style="display:inline-block;width:0.11px"> </div>held.<div style="display:inline-block;width:5.34px"> </div>As of </div><div id="a134609" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">December 31,<div style="display:inline-block;width:1.07px"> </div>2020, the<div style="display:inline-block;width:1.62px"> </div>diversified<div style="display:inline-block;width:1.29px"> </div>investment<div style="display:inline-block;width:1.28px"> </div>funds included<div style="display:inline-block;width:0.64px"> </div>approximately </div><div id="a134609_75_2" style="position:absolute;left:405.48px;top:69.3px;">62</div><div id="a134609_77_46" style="position:absolute;font-weight:normal;font-style:normal;left:418.44px;top:69.3px;"><div style="display:inline-block;width:3.2px"> </div>percent of<div style="display:inline-block;width:1.42px"> </div>investments<div style="display:inline-block;width:1.2px"> </div>in equity<div style="display:inline-block;width:1.52px"> </div>securities, </div><div id="a134609_123_2" style="position:absolute;left:643.92px;top:69.3px;">19</div><div id="a134609_125_9" style="position:absolute;font-weight:normal;font-style:normal;left:656.88px;top:69.3px;"><div style="display:inline-block;width:3.2px"> </div>percent </div><div id="a134648" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">of investments<div style="display:inline-block;width:0.76px"> </div>in fixed<div style="display:inline-block;width:1.78px"> </div>income securities,<div style="display:inline-block;width:0px;margin-left:-0.16px"> </div>and </div><div id="a134648_47_2" style="position:absolute;left:243.213px;top:84.6px;">19</div><div id="a134648_49_43" style="position:absolute;font-weight:normal;font-style:normal;left:256.173px;top:84.6px;"><div style="display:inline-block;width:3.04px"> </div>percent of<div style="display:inline-block;width:1.42px"> </div>other alternative<div style="display:inline-block;width:0.1px"> </div>investments. </div><div id="a134674" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:108px;">Other – Alternative Investments </div><div id="a134682" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:131.4px;">Investments<div style="display:inline-block;width:1.26px"> </div>in the foreign<div style="display:inline-block;width:0.62px"> </div>pension plans<div style="display:inline-block;width:0.82px"> </div>include certain<div style="display:inline-block;width:0.51px"> </div>other alternative<div style="display:inline-block;width:0.1px"> </div>investments<div style="display:inline-block;width:1.36px"> </div>such as<div style="display:inline-block;width:1.6px"> </div>inflation<div style="display:inline-block;width:1.6px"> </div>and interest<div style="display:inline-block;width:0.98px"> </div>rate swaps.<div style="display:inline-block;width:1.32px"> </div></div><div id="a134720" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.7px;">These investments<div style="display:inline-block;width:0.27px"> </div>are valued<div style="display:inline-block;width:1.39px"> </div>based on<div style="display:inline-block;width:1.84px"> </div>unobservable<div style="display:inline-block;width:1.04px"> </div>inputs,<div style="display:inline-block;width:1.81px"> </div>which are<div style="display:inline-block;width:1.48px"> </div>contractually<div style="display:inline-block;width:0.76px"> </div>or actuarially<div style="display:inline-block;width:0.62px"> </div>determined,<div style="display:inline-block;width:1.31px"> </div>regarding<div style="display:inline-block;width:1.44px"> </div>returns, fees, </div><div id="a134755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:162.1px;">the present<div style="display:inline-block;width:1.34px"> </div>value of<div style="display:inline-block;width:1.65px"> </div>future cash<div style="display:inline-block;width:1.05px"> </div>flows of the<div style="display:inline-block;width:1.08px"> </div>contract and<div style="display:inline-block;width:0.98px"> </div>benefit obligations.<div style="display:inline-block;width:2.94px"> </div>These alternative<div style="display:inline-block;width:0px;margin-left:-0.03px"> </div>investments<div style="display:inline-block;width:1.24px"> </div>are classified<div style="display:inline-block;width:0.72px"> </div>as Level<div style="display:inline-block;width:1.63px"> </div>3 </div><div id="a134797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.4px;">investments. </div><div id="a134799" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:200.6px;">Real Estate</div><div id="a134802" style="position:absolute;font-weight:normal;font-style:normal;left:65.579px;top:200.6px;"> </div><div id="a134803" style="position:absolute;font-weight:normal;font-style:normal;left:28.459px;top:224px;">The U.S. and foreign pension plans’ investment in real estate consists<div style="display:inline-block;width:4.76px"> </div>of investments<div style="display:inline-block;width:3.77px"> </div>in property funds.<div style="display:inline-block;width:7.17px"> </div>The funds’ </div><div id="a134845" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:239.4px;">underlying investments consist of real property which<div style="display:inline-block;width:4.75px"> </div>are valued using unobservable inputs.<div style="display:inline-block;width:7.29px"> </div>These property<div style="display:inline-block;width:3.86px"> </div>funds<div style="display:inline-block;width:3.45px"> </div>are classified </div><div id="a134883" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.8px;">as a Level 3 investment.</div></div><div id="TextBlockContainer1160" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134894" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020 and 2019, the U.S. and foreign<div style="display:inline-block;width:4.75px"> </div>plans’ investments measured at fair value on a recurring<div style="display:inline-block;width:4.84px"> </div>basis were as </div><div id="a134940" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">follows:</div></div><div id="TextBlockContainer1164" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1162_XBRL_CS_b87028a201394a289bcd15a6089a301e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1163" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134948" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a134954" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.1px;">Total </div><div id="a134957" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.1px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a134959" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.4px;">U.S. Pension Assets </div><div id="a134962" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:34.4px;">Fair Value </div><div id="a134965" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:34.4px;">Level 1 </div><div id="a134968" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:34.4px;">Level 2 </div><div id="a134971" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:34.4px;">Level 3 </div><div id="a134973" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Pooled separate accounts </div><div id="a134975" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51.8px;">$ </div><div id="a134977" style="position:absolute;left:402.92px;top:51.4px;">69,385</div><div id="a134980" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.8px;">$ </div><div id="a134982" style="position:absolute;left:519.4px;top:51.4px;">—</div><div id="a134985" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.8px;">$ </div><div id="a134987" style="position:absolute;left:589.04px;top:51.4px;">69,385</div><div id="a134990" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.8px;">$ </div><div id="a134992" style="position:absolute;left:705.36px;top:51.4px;">—</div><div id="a134994" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Real estate </div><div id="a134997" style="position:absolute;left:409.48px;top:68px;">4,096</div><div id="a135001" style="position:absolute;left:519.4px;top:68px;">—</div><div id="a135005" style="position:absolute;left:612.4px;top:68px;">—</div><div id="a135009" style="position:absolute;left:688.56px;top:68px;">4,096</div><div id="a135012" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.4px;">Subtotal U.S. pension plan assets in fair value hierarch<div style="display:inline-block;width:1.45px"> </div>y </div><div id="a135015" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:85.9px;">$ </div><div id="a135017" style="position:absolute;left:402.92px;top:85.4px;">73,481</div><div id="a135020" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:85.9px;">$ </div><div id="a135022" style="position:absolute;left:519.4px;top:85.4px;">—</div><div id="a135025" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:85.9px;">$ </div><div id="a135027" style="position:absolute;left:589.04px;top:85.4px;">69,385</div><div id="a135030" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:85.9px;">$ </div><div id="a135032" style="position:absolute;left:688.56px;top:85.4px;">4,096</div><div id="a135036" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.9px;">Total U.S. pension<div style="display:inline-block;width:4.89px"> </div>plan assets </div><div id="a135039" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:103.8px;">$ </div><div id="a135041" style="position:absolute;left:402.92px;top:102.9px;">73,481</div><div id="a135067" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:138.1px;">Foreign Pension Assets </div><div id="a135080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.1px;">Cash and cash equivalents </div><div id="a135082" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:155.9px;">$ </div><div id="a135084" style="position:absolute;left:419.56px;top:155.1px;">634</div><div id="a135087" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:155.9px;">$ </div><div id="a135089" style="position:absolute;left:512.68px;top:155.1px;">634</div><div id="a135092" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:155.9px;">$ </div><div id="a135094" style="position:absolute;left:612.4px;top:155.1px;">—</div><div id="a135097" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:155.9px;">$ </div><div id="a135099" style="position:absolute;left:705.36px;top:155.1px;">—</div><div id="a135101" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172px;">Insurance contract </div><div id="a135104" style="position:absolute;left:396.2px;top:172px;">112,920</div><div id="a135108" style="position:absolute;left:519.4px;top:172px;">—</div><div id="a135112" style="position:absolute;left:612.4px;top:172px;">—</div><div id="a135116" style="position:absolute;left:675.28px;top:172px;">112,920</div><div id="a135118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.1px;">Diversified equity securities - registered investment companies </div><div id="a135124" style="position:absolute;left:409.48px;top:189.1px;">8,851</div><div id="a135128" style="position:absolute;left:519.4px;top:189.1px;">—</div><div id="a135132" style="position:absolute;left:595.6px;top:189.1px;">8,851</div><div id="a135136" style="position:absolute;left:705.36px;top:189.1px;">—</div><div id="a135138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:206.1px;">Fixed income – foreign registered investment companies </div><div id="a135144" style="position:absolute;left:409.48px;top:206.1px;">3,711</div><div id="a135148" style="position:absolute;left:519.4px;top:206.1px;">—</div><div id="a135152" style="position:absolute;left:595.6px;top:206.1px;">3,711</div><div id="a135156" style="position:absolute;left:705.36px;top:206.1px;">—</div><div id="a135158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:223.1px;">Fixed income government securities </div><div id="a135161" style="position:absolute;left:402.92px;top:223.1px;">37,579</div><div id="a135165" style="position:absolute;left:519.4px;top:223.1px;">—</div><div id="a135169" style="position:absolute;left:589.04px;top:223.1px;">37,579</div><div id="a135173" style="position:absolute;left:705.36px;top:223.1px;">—</div><div id="a135175" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:240px;">Real estate </div><div id="a135178" style="position:absolute;left:409.48px;top:240px;">5,679</div><div id="a135182" style="position:absolute;left:519.4px;top:240px;">—</div><div id="a135186" style="position:absolute;left:612.4px;top:240px;">—</div><div id="a135190" style="position:absolute;left:688.56px;top:240px;">5,679</div><div id="a135192" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:257.1px;">Other - alternative investments </div><div id="a135198" style="position:absolute;left:402.92px;top:257.1px;">10,638</div><div id="a135202" style="position:absolute;left:519.4px;top:257.1px;">—</div><div id="a135206" style="position:absolute;left:612.4px;top:257.1px;">—</div><div id="a135210" style="position:absolute;left:682px;top:257.1px;">10,638</div><div id="a135213" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:274.4px;">Sub-total of foreign pension assets in fair value hierarchy </div><div id="a135217" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:274.9px;">$ </div><div id="a135219" style="position:absolute;left:396.2px;top:274.4px;">180,012</div><div id="a135222" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:274.9px;">$ </div><div id="a135224" style="position:absolute;left:512.68px;top:274.4px;">634</div><div id="a135227" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:274.9px;">$ </div><div id="a135229" style="position:absolute;left:589.04px;top:274.4px;">50,141</div><div id="a135232" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:274.9px;">$ </div><div id="a135234" style="position:absolute;left:675.28px;top:274.4px;">129,237</div><div id="a135236" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:291.4px;">Commingled funds measured at NAV </div><div id="a135239" style="position:absolute;left:409.48px;top:291.4px;">2,368</div><div id="a135250" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:308px;">Diversified investment fund -<div style="display:inline-block;width:7.29px"> </div>registered investment </div><div id="a135267" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:325.1px;">companies measured at NAV </div><div id="a135270" style="position:absolute;left:402.92px;top:325.1px;">46,409</div><div id="a135283" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:342.9px;">Total foreign pension<div style="display:inline-block;width:4.84px"> </div>assets </div><div id="a135285" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:343.9px;">$ </div><div id="a135287" style="position:absolute;left:396.2px;top:342.9px;">228,789</div><div id="a135316" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:378.9px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets in fair value hierarchy </div><div id="a135318" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:379.9px;">$ </div><div id="a135320" style="position:absolute;left:396.2px;top:378.9px;">253,493</div><div id="a135323" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:379.9px;">$ </div><div id="a135325" style="position:absolute;left:512.68px;top:378.9px;">634</div><div id="a135328" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:379.9px;">$ </div><div id="a135330" style="position:absolute;left:582.32px;top:378.9px;">119,526</div><div id="a135333" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:379.9px;">$ </div><div id="a135335" style="position:absolute;left:675.28px;top:378.9px;">133,333</div><div id="a135340" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:398.3px;">Total pension<div style="display:inline-block;width:4.78px"> </div>assets measured at NAV </div><div id="a135345" style="position:absolute;left:402.92px;top:398.3px;">48,777</div><div id="a135359" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:414.9px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets </div><div id="a135361" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:415.9px;">$ </div><div id="a135363" style="position:absolute;left:396.2px;top:414.9px;">302,270</div></div></div></div><div id="TextBlockContainer1168" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1166_XBRL_CS_6bdf34c9204f46b5882b3c9a51815e47" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1167" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135430" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2019 </div><div id="a135436" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.6px;">Total </div><div id="a135439" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.6px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a135441" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:35.5px;">U.S. Pension Assets </div><div id="a135443" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:35.5px;">Fair Value </div><div id="a135446" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:35.5px;">Level 1 </div><div id="a135449" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:35.5px;">Level 2 </div><div id="a135452" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:35.5px;">Level 3 </div><div id="a135454" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Cash and cash equivalents </div><div id="a135456" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:53.9px;">$ </div><div id="a135458" style="position:absolute;left:419.56px;top:53.1px;">450</div><div id="a135461" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.9px;">$ </div><div id="a135463" style="position:absolute;left:512.68px;top:53.1px;">450</div><div id="a135466" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.9px;">$ </div><div id="a135468" style="position:absolute;left:612.4px;top:53.1px;">—</div><div id="a135471" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.9px;">$ </div><div id="a135473" style="position:absolute;left:705.36px;top:53.1px;">—</div><div id="a135475" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Pooled separate accounts </div><div id="a135478" style="position:absolute;left:402.92px;top:70.4px;">64,636</div><div id="a135482" style="position:absolute;left:519.4px;top:70.4px;">—</div><div id="a135486" style="position:absolute;left:589.04px;top:70.4px;">64,636</div><div id="a135490" style="position:absolute;left:705.36px;top:70.4px;">—</div><div id="a135492" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Real estate </div><div id="a135495" style="position:absolute;left:409.48px;top:88px;">4,060</div><div id="a135499" style="position:absolute;left:519.4px;top:88px;">—</div><div id="a135503" style="position:absolute;left:612.4px;top:88px;">—</div><div id="a135507" style="position:absolute;left:688.56px;top:88px;">4,060</div><div id="a135510" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.9px;">Subtotal U.S. pension plan assets in fair value hierarch<div style="display:inline-block;width:1.45px"> </div>y </div><div id="a135513" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:106.7px;">$ </div><div id="a135515" style="position:absolute;left:402.92px;top:105.9px;">69,146</div><div id="a135518" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:106.7px;">$ </div><div id="a135520" style="position:absolute;left:512.68px;top:105.9px;">450</div><div id="a135523" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:106.7px;">$ </div><div id="a135525" style="position:absolute;left:589.04px;top:105.9px;">64,636</div><div id="a135528" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:106.7px;">$ </div><div id="a135530" style="position:absolute;left:688.56px;top:105.9px;">4,060</div><div id="a135532" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.5px;">Commingled funds measured at NAV </div><div id="a135536" style="position:absolute;left:402.92px;top:123.5px;">51,404</div><div id="a135549" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:141.6px;">Total U.S. pension<div style="display:inline-block;width:4.85px"> </div>plan assets </div><div id="a135551" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:142.7px;">$ </div><div id="a135553" style="position:absolute;left:396.2px;top:141.6px;">120,550</div><div id="a135579" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:177.6px;">Foreign Pension Assets </div><div id="a135592" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:195.2px;">Cash and cash equivalents </div><div id="a135594" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:196.3px;">$ </div><div id="a135596" style="position:absolute;left:409.48px;top:195.2px;">1,502</div><div id="a135599" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:196.3px;">$ </div><div id="a135601" style="position:absolute;left:502.6px;top:195.2px;">1,502</div><div id="a135604" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:196.3px;">$ </div><div id="a135606" style="position:absolute;left:612.4px;top:195.2px;">—</div><div id="a135609" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:196.3px;">$ </div><div id="a135611" style="position:absolute;left:705.36px;top:195.2px;">—</div><div id="a135613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:212.8px;">Insurance contract </div><div id="a135616" style="position:absolute;left:402.92px;top:212.8px;">92,657</div><div id="a135620" style="position:absolute;left:519.4px;top:212.8px;">—</div><div id="a135624" style="position:absolute;left:612.4px;top:212.8px;">—</div><div id="a135628" style="position:absolute;left:682px;top:212.8px;">92,657</div><div id="a135630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.4px;">Diversified equity securities - registered investment companies </div><div id="a135636" style="position:absolute;left:409.48px;top:230.4px;">8,604</div><div id="a135640" style="position:absolute;left:519.4px;top:230.4px;">—</div><div id="a135644" style="position:absolute;left:595.6px;top:230.4px;">8,604</div><div id="a135648" style="position:absolute;left:705.36px;top:230.4px;">—</div><div id="a135650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:248px;">Fixed income – foreign registered investment companies </div><div id="a135656" style="position:absolute;left:409.48px;top:248px;">3,021</div><div id="a135660" style="position:absolute;left:519.4px;top:248px;">—</div><div id="a135664" style="position:absolute;left:595.6px;top:248px;">3,021</div><div id="a135668" style="position:absolute;left:705.36px;top:248px;">—</div><div id="a135670" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:265.6px;">Fixed income government securities </div><div id="a135673" style="position:absolute;left:402.92px;top:265.6px;">32,512</div><div id="a135677" style="position:absolute;left:519.4px;top:265.6px;">—</div><div id="a135681" style="position:absolute;left:589.04px;top:265.6px;">32,512</div><div id="a135685" style="position:absolute;left:705.36px;top:265.6px;">—</div><div id="a135687" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:283.2px;">Real estate </div><div id="a135690" style="position:absolute;left:409.48px;top:283.2px;">5,521</div><div id="a135694" style="position:absolute;left:519.4px;top:283.2px;">—</div><div id="a135698" style="position:absolute;left:612.4px;top:283.2px;">—</div><div id="a135702" style="position:absolute;left:688.56px;top:283.2px;">5,521</div><div id="a135704" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300.8px;">Other - alternative investments </div><div id="a135710" style="position:absolute;left:409.48px;top:300.8px;">9,436</div><div id="a135714" style="position:absolute;left:519.4px;top:300.8px;">—</div><div id="a135718" style="position:absolute;left:612.4px;top:300.8px;">—</div><div id="a135722" style="position:absolute;left:688.56px;top:300.8px;">9,436</div><div id="a135725" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:318.8px;">Sub-total of foreign pension assets in fair value hierarchy </div><div id="a135729" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:319.6px;">$ </div><div id="a135731" style="position:absolute;left:396.2px;top:318.8px;">153,253</div><div id="a135734" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:319.6px;">$ </div><div id="a135736" style="position:absolute;left:502.6px;top:318.8px;">1,502</div><div id="a135739" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:319.6px;">$ </div><div id="a135741" style="position:absolute;left:589.04px;top:318.8px;">44,137</div><div id="a135744" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:319.6px;">$ </div><div id="a135746" style="position:absolute;left:675.28px;top:318.8px;">107,614</div><div id="a135748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:336.4px;">Commingled funds measured at NAV </div><div id="a135751" style="position:absolute;left:409.48px;top:336.4px;">2,037</div><div id="a135762" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.6px;">Diversified investment fund -<div style="display:inline-block;width:7.29px"> </div>registered investment </div><div id="a135779" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:371.2px;">companies measured at NAV </div><div id="a135782" style="position:absolute;left:402.92px;top:371.2px;">39,809</div><div id="a135795" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:389.6px;">Total foreign pension<div style="display:inline-block;width:4.84px"> </div>assets </div><div id="a135797" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:390.8px;">$ </div><div id="a135799" style="position:absolute;left:396.2px;top:389.6px;">195,099</div><div id="a135828" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:426.4px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets in fair value hierarchy </div><div id="a135830" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:427.6px;">$ </div><div id="a135832" style="position:absolute;left:396.2px;top:426.4px;">222,399</div><div id="a135835" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:427.6px;">$ </div><div id="a135837" style="position:absolute;left:502.6px;top:426.4px;">1,952</div><div id="a135840" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:427.6px;">$ </div><div id="a135842" style="position:absolute;left:582.32px;top:426.4px;">108,773</div><div id="a135845" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:427.6px;">$ </div><div id="a135847" style="position:absolute;left:675.28px;top:426.4px;">111,674</div><div id="a135852" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:446px;">Total pension<div style="display:inline-block;width:4.78px"> </div>assets measured at NAV </div><div id="a135857" style="position:absolute;left:402.92px;top:446px;">93,250</div><div id="a135871" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:463.3px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets </div><div id="a135873" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:464.4px;">$ </div><div id="a135875" style="position:absolute;left:396.2px;top:463.3px;">315,649</div></div></div></div><div id="TextBlockContainer1170" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135886" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Certain investments that are measured at fair value using<div style="display:inline-block;width:4.82px"> </div>the NAV<div style="display:inline-block;width:4.92px"> </div>per share (or its equivalent) have not been classified in<div style="display:inline-block;width:4.74px"> </div>the fair </div><div id="a135933" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">value hierarchy.<div style="display:inline-block;width:7.13px"> </div>The fair value amounts presented for these investments in the<div style="display:inline-block;width:4.74px"> </div>preceding tables are intended to permit reconciliation </div><div id="a135973" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">of the fair value hierarchies to the line items presented<div style="display:inline-block;width:4.78px"> </div>in the statements of net assets available for benefits. </div><div id="a136011" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:56.8px;">Changes in the fair value of the plans’ Level 3 investments<div style="display:inline-block;width:4.78px"> </div>during the years ended December 31, 2020 and 2019<div style="display:inline-block;width:4.71px"> </div>were as follows:</div></div><div id="TextBlockContainer1174" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:640px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1172_XBRL_CS_6e8c9eaf26764cb1a6cd206a151484f0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1173" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:640px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a136062" style="position:absolute;font-weight:bold;font-style:normal;left:286.541px;top:0px;">Insurance </div><div id="a136069" style="position:absolute;font-weight:bold;font-style:normal;left:468.808px;top:0px;">Alternative </div><div id="a136079" style="position:absolute;font-weight:bold;font-style:normal;left:289.581px;top:17.6px;">Contract </div><div id="a136083" style="position:absolute;font-weight:bold;font-style:normal;left:375.688px;top:17.6px;">Real Estate </div><div id="a136087" style="position:absolute;font-weight:bold;font-style:normal;left:466.568px;top:17.6px;">Investments </div><div id="a136091" style="position:absolute;font-weight:bold;font-style:normal;left:578.928px;top:17.6px;">Total </div><div id="a136095" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Balance as of December 31, 2018 </div><div id="a136098" style="position:absolute;font-weight:normal;font-style:normal;left:268.461px;top:35.2px;">$ </div><div id="a136100" style="position:absolute;left:311.021px;top:35.2px;">79,873</div><div id="a136104" style="position:absolute;left:410.568px;top:35.2px;">2,382</div><div id="a136108" style="position:absolute;left:520.328px;top:35.2px;">—</div><div id="a136111" style="position:absolute;font-weight:normal;font-style:normal;left:547.568px;top:35.2px;">$ </div><div id="a136113" style="position:absolute;left:590.128px;top:35.2px;">82,255</div><div id="a136118" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:52.8px;">Purchases </div><div id="a136121" style="position:absolute;left:317.581px;top:52.8px;">3,762</div><div id="a136126" style="position:absolute;left:427.368px;top:52.8px;">—</div><div id="a136130" style="position:absolute;left:503.528px;top:52.8px;">1,029</div><div id="a136134" style="position:absolute;left:596.688px;top:52.8px;">4,791</div><div id="a136139" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:70.4px;">Assets acquired in business combinations </div><div id="a136142" style="position:absolute;left:327.661px;top:70.4px;">129</div><div id="a136146" style="position:absolute;left:410.568px;top:70.4px;">7,058</div><div id="a136150" style="position:absolute;left:503.528px;top:70.4px;">8,914</div><div id="a136154" style="position:absolute;left:590.128px;top:70.4px;">16,101</div><div id="a136159" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:88px;">Sales </div><div id="a136162" style="position:absolute;left:334.381px;top:88px;">—</div><div id="a136166" style="position:absolute;left:415.688px;top:88px;">(238)</div><div id="a136170" style="position:absolute;left:508.648px;top:88px;">(278)</div><div id="a136174" style="position:absolute;left:601.808px;top:88px;">(516)</div><div id="a136179" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:105.6px;">Settlements </div><div id="a136182" style="position:absolute;left:312.781px;top:105.6px;">(1,730)</div><div id="a136186" style="position:absolute;left:427.368px;top:105.6px;">—</div><div id="a136190" style="position:absolute;left:520.328px;top:105.6px;">—</div><div id="a136194" style="position:absolute;left:591.888px;top:105.6px;">(1,730)</div><div id="a136199" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:123.2px;">Unrealized (losses) gains </div><div id="a136202" style="position:absolute;left:311.021px;top:123.2px;">12,199</div><div id="a136206" style="position:absolute;left:420.648px;top:123.2px;">403</div><div id="a136210" style="position:absolute;left:508.648px;top:123.2px;">(960)</div><div id="a136214" style="position:absolute;left:590.128px;top:123.2px;">11,642</div><div id="a136219" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:140.8px;">Currency translation adjustment </div><div id="a136222" style="position:absolute;left:312.781px;top:140.8px;">(1,576)</div><div id="a136226" style="position:absolute;left:422.408px;top:140.8px;">(24)</div><div id="a136230" style="position:absolute;left:513.608px;top:140.8px;">731</div><div id="a136234" style="position:absolute;left:601.808px;top:140.8px;">(869)</div><div id="a136238" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.4px;">Balance as of December 31, 2019 </div><div id="a136242" style="position:absolute;left:311.021px;top:158.4px;">92,657</div><div id="a136246" style="position:absolute;left:410.568px;top:158.4px;">9,581</div><div id="a136250" style="position:absolute;left:503.528px;top:158.4px;">9,436</div><div id="a136254" style="position:absolute;left:583.408px;top:158.4px;">111,674</div><div id="a136259" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:176px;">Purchases </div><div id="a136262" style="position:absolute;left:317.581px;top:176px;">3,902</div><div id="a136266" style="position:absolute;left:427.368px;top:176px;">18</div><div id="a136270" style="position:absolute;left:513.608px;top:176px;">989</div><div id="a136274" style="position:absolute;left:596.688px;top:176px;">4,909</div><div id="a136279" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:193.6px;">Settlements </div><div id="a136282" style="position:absolute;left:312.781px;top:193.6px;">(2,027)</div><div id="a136286" style="position:absolute;left:427.368px;top:193.6px;">—</div><div id="a136290" style="position:absolute;left:520.328px;top:193.6px;">—</div><div id="a136294" style="position:absolute;left:591.888px;top:193.6px;">(2,027)</div><div id="a136299" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:211.2px;">Unrealized gains (losses) </div><div id="a136302" style="position:absolute;left:317.581px;top:211.2px;">8,917</div><div id="a136306" style="position:absolute;left:422.408px;top:211.2px;">(16)</div><div id="a136310" style="position:absolute;left:508.648px;top:211.2px;">(171)</div><div id="a136314" style="position:absolute;left:596.688px;top:211.2px;">8,730</div><div id="a136319" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:228.8px;">Currency translation adjustment </div><div id="a136322" style="position:absolute;left:317.581px;top:228.8px;">9,471</div><div id="a136326" style="position:absolute;left:420.648px;top:228.8px;">192</div><div id="a136330" style="position:absolute;left:513.608px;top:228.8px;">384</div><div id="a136334" style="position:absolute;left:590.128px;top:228.8px;">10,047</div><div id="a136338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:247.2px;">Balance as of December 31, 2020 </div><div id="a136341" style="position:absolute;font-weight:normal;font-style:normal;left:268.461px;top:247.2px;">$ </div><div id="a136343" style="position:absolute;left:304.301px;top:247.2px;">112,920</div><div id="a136346" style="position:absolute;font-weight:normal;font-style:normal;left:361.608px;top:247.2px;">$ </div><div id="a136348" style="position:absolute;left:410.568px;top:247.2px;">9,775</div><div id="a136351" style="position:absolute;font-weight:normal;font-style:normal;left:454.568px;top:247.2px;">$ </div><div id="a136353" style="position:absolute;left:496.968px;top:247.2px;">10,638</div><div id="a136356" style="position:absolute;font-weight:normal;font-style:normal;left:547.568px;top:247.2px;">$ </div><div id="a136358" style="position:absolute;left:583.408px;top:247.2px;">133,333</div></div></div></div><div id="TextBlockContainer1176" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:734px;height:647px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a136411" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">In the fourth quarter of 2018, the Company began the<div style="display:inline-block;width:4.74px"> </div>process of terminating its Legacy Quaker noncontributory U.S. pension </div><div id="a136449" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">plan (“Legacy Quaker U.S. Pension Plan”).<div style="display:inline-block;width:7.93px"> </div>During the third quarter of 2019, the Company received a favorable<div style="display:inline-block;width:4.85px"> </div>termination </div><div id="a136485" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">determination letter from the Internal Revenue Service<div style="display:inline-block;width:4.7px"> </div>(“I.R.S.”) and completed the Legacy Quaker U.S. Pension Plan<div style="display:inline-block;width:4.74px"> </div>termination </div><div id="a136520" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">during the first quarter of 2020.<div style="display:inline-block;width:7.47px"> </div>In order to terminate the Legacy Quaker U.S. Pension Plan<div style="display:inline-block;width:4.73px"> </div>in accordance with I.R.S. and Pension </div><div id="a136564" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Benefit Guaranty Corporation requirements, the Company<div style="display:inline-block;width:4.84px"> </div>was required to fully fund the Legacy Quaker U.S. Pension Plan<div style="display:inline-block;width:4.79px"> </div>on a </div><div id="a136602" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">termination basis and the amount necessary to do so<div style="display:inline-block;width:4.74px"> </div>was approximately $</div><div id="a136602_71_3" style="position:absolute;left:396.813px;top:76.6px;">1.8</div><div id="a136602_74_62" style="position:absolute;font-weight:normal;font-style:normal;left:413.48px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>million, subject to final true up adjustments.<div style="display:inline-block;width:7.54px"> </div>In the third </div><div id="a136647" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">quarter of 2020, the Company finalized the amount<div style="display:inline-block;width:4.54px"> </div>of the liability and related annuity payments and received<div style="display:inline-block;width:4.82px"> </div>a refund in premium of </div><div id="a136691" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">approximately $</div><div id="a136691_15_3" style="position:absolute;left:91.659px;top:107.4px;">1.6</div><div id="a136691_18_105" style="position:absolute;font-weight:normal;font-style:normal;left:108.293px;top:107.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>In addition, the Company recorded a non-cash pension settlement<div style="display:inline-block;width:4.84px"> </div>charge at plan termination of </div><div id="a136728" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">approximately $</div><div id="a136728_15_4" style="position:absolute;left:91.659px;top:122.7px;">22.7</div><div id="a136728_19_110" style="position:absolute;font-weight:normal;font-style:normal;left:115.013px;top:122.7px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>This settlement charge included the immediate<div style="display:inline-block;width:4.77px"> </div>recognition into expense of the related unrecognized </div><div id="a136760" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">losses within AOCI on the balance sheet as of the plan<div style="display:inline-block;width:4.75px"> </div>termination date. </div><div id="a136786" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:161.3px;">In connection with the Combination, the Company indirectly<div style="display:inline-block;width:4.72px"> </div>acquired all of Houghton’s<div style="display:inline-block;width:4.76px"> </div>defined benefit pension plans, which are </div><div id="a136822" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">included in the tables set forth above.<div style="display:inline-block;width:7.65px"> </div>The pension plans cover certain U.S. salaried and hourly<div style="display:inline-block;width:4.75px"> </div>employees as well as certain </div><div id="a136865" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">employees in the U.K., France and Germany.<div style="display:inline-block;width:8.65px"> </div>The Houghton U.S. plans provide benefits based on an employee’s<div style="display:inline-block;width:5.48px"> </div>years of service and </div><div id="a136907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">compensation received for the highest five consecutive<div style="display:inline-block;width:4.82px"> </div>years of earnings.<div style="display:inline-block;width:7.12px"> </div>The foreign plans provide benefits based on a formula of </div><div id="a136948" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">years and service and a percentage of compensation<div style="display:inline-block;width:4.8px"> </div>which varies among the various countries.<div style="display:inline-block;width:7.48px"> </div></div><div id="a136977" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:246.1px;">The Company contributes to a multiemployer defined<div style="display:inline-block;width:4.7px"> </div>benefit pension plan under terms of a collective bargaining<div style="display:inline-block;width:4.72px"> </div>union contract </div><div id="a137013" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">(the Cleveland Bakers and Teamsters<div style="display:inline-block;width:4.96px"> </div>Pension Fund, Employer Identification Number: 34-0904419<div style="display:inline-block;width:1.35px"> </div>-001).<div style="display:inline-block;width:6.84px"> </div>The expiration date of the </div><div id="a137050" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">collective bargaining contract is </div><div id="a137050_34_11" style="position:absolute;left:178.373px;top:276.7px;">May 1, 2022</div><div id="a137050_45_88" style="position:absolute;font-weight:normal;font-style:normal;left:246.413px;top:276.7px;">.<div style="display:inline-block;width:6.76px"> </div>As of January 1, 2019, the last valuation date available for the multiemployer<div style="display:inline-block;width:5.08px"> </div>plan, </div><div id="a137095" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292px;">total plan liabilities were approximately $</div><div id="a137095_43_3" style="position:absolute;left:227.053px;top:292px;">589</div><div id="a137095_46_89" style="position:absolute;font-weight:normal;font-style:normal;left:247.213px;top:292px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:6.95px"> </div>As of December 31, 2019, the multiemployer pension plan<div style="display:inline-block;width:4.7px"> </div>had total plan assets </div><div id="a137139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.4px;">of approximately $</div><div id="a137139_18_3" style="position:absolute;left:106.053px;top:307.4px;">364</div><div id="a137139_21_108" style="position:absolute;font-weight:normal;font-style:normal;left:126.053px;top:307.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.79px"> </div>The Company’s contribution<div style="display:inline-block;width:4.78px"> </div>rate to the multiemployer pension plan is specified in the<div style="display:inline-block;width:4.74px"> </div>collective </div><div id="a137176" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:322.8px;">bargaining union contract and contributions are<div style="display:inline-block;width:4.75px"> </div>made to the plan based on its union employee payroll.<div style="display:inline-block;width:7.98px"> </div>The Company contributed $</div><div id="a137176_128_3" style="position:absolute;left:705.679px;top:322.8px;">0.1</div><div id="a137176_131_1" style="position:absolute;font-weight:normal;font-style:normal;left:722.319px;top:322.8px;"> </div><div id="a137217" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:338px;">million during the year ended December 31, 2020.<div style="display:inline-block;width:7.96px"> </div>The Employee Retirement Income Security Act of 1974,<div style="display:inline-block;width:4.75px"> </div>as amended by the Multi-</div><div id="a137259" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.3px;">Employer Pension Plan Amendments Act of 1980, imposes<div style="display:inline-block;width:4.65px"> </div>certain contingent liabilities upon an employer who is a<div style="display:inline-block;width:4.71px"> </div>contributor to a </div><div id="a137300" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:368.7px;">multiemployer pension plan if the employer withdraws<div style="display:inline-block;width:4.77px"> </div>from the plan or the plan is terminated or experiences a mass withdrawal.<div style="display:inline-block;width:5px"> </div></div><div id="a137340" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:384px;">While the Company may also have additional liabilities imposed<div style="display:inline-block;width:4.82px"> </div>by law as a result of its participation in the multiemployer<div style="display:inline-block;width:4.81px"> </div>defined </div><div id="a137382" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:399.4px;">benefit pension plan, there is </div><div id="a137382_31_2" style="position:absolute;left:161.573px;top:399.4px;">no</div><div id="a137382_33_38" style="position:absolute;font-weight:normal;font-style:normal;left:174.853px;top:399.4px;"><div style="display:inline-block;width:3.36px"> </div>liability as of December 31, 2020.<div style="display:inline-block;width:7.28px"> </div></div><div id="a137409" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:422.8px;">The Pension Protection Act of 2006 (the “PPA”)<div style="display:inline-block;width:5.78px"> </div>also added special funding and operational rules generally<div style="display:inline-block;width:4.7px"> </div>applicable to plan </div><div id="a137447" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:438px;">years beginning after 2007 for multiemployer plans with<div style="display:inline-block;width:4.78px"> </div>certain classifications based on a multitude of factors (including,<div style="display:inline-block;width:4.74px"> </div>for </div><div id="a137484" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:453.3px;">example, the plan’s funded<div style="display:inline-block;width:4.78px"> </div>percentage, cash flow position and whether the plan is projected<div style="display:inline-block;width:4.77px"> </div>to experience a minimum funding </div><div id="a137522" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:468.7px;">deficiency).<div style="display:inline-block;width:7.07px"> </div>The plan to which the Company contributes is in “critical” status.<div style="display:inline-block;width:8.12px"> </div>Plans in the “critical” status classification must adopt </div><div id="a137563" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:484.1px;">measures to improve their funded status through a<div style="display:inline-block;width:4.72px"> </div>funding improvement or rehabilitation plan which may require additional </div><div id="a137597" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:499.4px;">contributions from employers (which may take the form<div style="display:inline-block;width:4.59px"> </div>of a surcharge on benefit contributions) and/or<div style="display:inline-block;width:4.71px"> </div>modifications to retiree </div><div id="a137634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:514.8px;">benefits.<div style="display:inline-block;width:6.99px"> </div>The amount of additional funds that the Company may be obligated<div style="display:inline-block;width:4.91px"> </div>to contribute to the plan in the future cannot be </div><div id="a137678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:530px;">estimated as such amounts will be likely based on<div style="display:inline-block;width:4.7px"> </div>future levels of work that require the specific use of those<div style="display:inline-block;width:4.56px"> </div>union employees covered </div><div id="a137724" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:545.3px;">by the plan, and the amount of that future work and<div style="display:inline-block;width:4.72px"> </div>the number of affected employees that may be<div style="display:inline-block;width:4.56px"> </div>needed is not reasonably estimable.<div style="display:inline-block;width:4.08px"> </div></div><div id="a137773" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:568.7px;">Cash Flows </div><div id="a137777" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:592.1px;">Contributions </div><div id="a137779" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:615.4px;">The Company expects to make minimum cash contributions<div style="display:inline-block;width:4.78px"> </div>of approximately </div><div id="a137779_72_5" style="position:absolute;left:447.88px;top:615.4px;-sec-ix-hidden:ID_814;">$10.0</div><div id="a137779_77_45" style="position:absolute;font-weight:normal;font-style:normal;left:477.96px;top:615.4px;"><div style="display:inline-block;width:3.2px"> </div>million to its pension plans (approximately </div><div id="a137814" style="position:absolute;left:4.427px;top:630.8px;-sec-ix-hidden:ID_1427;">$5.9</div><div id="a137814_4_18" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:630.8px;"><div style="display:inline-block;width:3.36px"> </div>million U.S. and </div><div id="a137814_22_4" style="position:absolute;left:122.693px;top:630.8px;-sec-ix-hidden:ID_815;">$4.1</div><div id="a137814_26_36" style="position:absolute;font-weight:normal;font-style:normal;left:146.053px;top:630.8px;"><div style="display:inline-block;width:3.36px"> </div>million Foreign) and approximately </div><div id="a137814_62_4" style="position:absolute;left:343.373px;top:630.8px;-sec-ix-hidden:ID_1265;">$0.3</div><div id="a137814_66_58" style="position:absolute;font-weight:normal;font-style:normal;left:366.733px;top:630.8px;"><div style="display:inline-block;width:3.36px"> </div>million to its other postretirement benefit plan in 2021.</div></div><div id="TextBlockContainer1178" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:718px;height:55px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a137852" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:0px;">Estimated Future Benefit Payments </div><div id="a137861" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Excluding any impact related to the PPA<div style="display:inline-block;width:5.55px"> </div>noted above, the following benefit payments, which reflect<div style="display:inline-block;width:4.86px"> </div>expected future service, as </div><div id="a137899" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.8px;">appropriate, are expected to be paid:</div></div><div id="TextBlockContainer1182" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:542px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1180_XBRL_CS_ddab0682fbce43e99488452b3aaf483c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1181" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:542px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a137922" style="position:absolute;font-weight:bold;font-style:normal;left:461.933px;top:0px;">Other Post- </div><div id="a137928" style="position:absolute;font-weight:bold;font-style:normal;left:262.227px;top:17.6px;">Pension Benefits </div><div id="a137931" style="position:absolute;font-weight:bold;font-style:normal;left:462.733px;top:17.6px;">Retirement </div><div id="a137936" style="position:absolute;font-weight:bold;font-style:normal;left:193.907px;top:35.2px;">Foreign </div><div id="a137939" style="position:absolute;font-weight:bold;font-style:normal;left:297.267px;top:35.2px;">U.S. </div><div id="a137942" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:35.2px;">Total </div><div id="a137945" style="position:absolute;font-weight:bold;font-style:normal;left:472.013px;top:35.2px;">Benefits </div><div id="a137949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">2021 </div><div id="a137951" style="position:absolute;font-weight:normal;font-style:normal;left:174.547px;top:52.8px;">$ </div><div id="a137953" style="position:absolute;left:223.507px;top:52.8px;">6,658</div><div id="a137956" style="position:absolute;font-weight:normal;font-style:normal;left:267.507px;top:52.8px;">$ </div><div id="a137958" style="position:absolute;left:316.493px;top:52.8px;">5,923</div><div id="a137961" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:52.8px;">$ </div><div id="a137963" style="position:absolute;left:403.053px;top:52.8px;">12,581</div><div id="a137966" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:52.8px;">$ </div><div id="a137968" style="position:absolute;left:512.693px;top:52.8px;">286</div><div id="a137972" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">2022 </div><div id="a137975" style="position:absolute;left:223.507px;top:70.4px;">6,939</div><div id="a137979" style="position:absolute;left:316.493px;top:70.4px;">5,298</div><div id="a137983" style="position:absolute;left:403.053px;top:70.4px;">12,237</div><div id="a137987" style="position:absolute;left:512.693px;top:70.4px;">278</div><div id="a137991" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">2023 </div><div id="a137994" style="position:absolute;left:223.507px;top:88px;">7,024</div><div id="a137998" style="position:absolute;left:316.493px;top:88px;">6,072</div><div id="a138002" style="position:absolute;left:403.053px;top:88px;">13,096</div><div id="a138006" style="position:absolute;left:512.693px;top:88px;">265</div><div id="a138010" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">2024 </div><div id="a138013" style="position:absolute;left:223.507px;top:105.6px;">6,745</div><div id="a138017" style="position:absolute;left:316.493px;top:105.6px;">6,234</div><div id="a138021" style="position:absolute;left:403.053px;top:105.6px;">12,979</div><div id="a138025" style="position:absolute;left:512.693px;top:105.6px;">245</div><div id="a138029" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">2025 </div><div id="a138032" style="position:absolute;left:223.507px;top:123.2px;">7,394</div><div id="a138036" style="position:absolute;left:316.493px;top:123.2px;">6,228</div><div id="a138040" style="position:absolute;left:403.053px;top:123.2px;">13,622</div><div id="a138044" style="position:absolute;left:512.693px;top:123.2px;">226</div><div id="a138048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.8px;">2025 to 2029 </div><div id="a138051" style="position:absolute;left:216.947px;top:140.8px;">42,522</div><div id="a138055" style="position:absolute;left:309.933px;top:140.8px;">30,443</div><div id="a138059" style="position:absolute;left:403.053px;top:140.8px;">72,965</div><div id="a138063" style="position:absolute;left:512.693px;top:140.8px;">923</div></div></div></div><div id="TextBlockContainer1184" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138116" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company maintains a plan under which supplemental<div style="display:inline-block;width:4.89px"> </div>retirement benefits are provided to certain officers.<div style="display:inline-block;width:8.12px"> </div>Benefits payable </div><div id="a138150" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">under the plan are based on a combination of years of<div style="display:inline-block;width:4.83px"> </div>service and existing postretirement benefits.<div style="display:inline-block;width:7.62px"> </div>Included in total pension costs are </div><div id="a138195" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">charges of $</div><div id="a138195_12_3" style="position:absolute;left:69.739px;top:30.7px;">2.5</div><div id="a138195_15_11" style="position:absolute;font-weight:normal;font-style:normal;left:86.378px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million, $</div><div id="a138195_26_3" style="position:absolute;left:141.573px;top:30.7px;">1.8</div><div id="a138195_29_14" style="position:absolute;font-weight:normal;font-style:normal;left:158.213px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>million and $</div><div id="a138195_43_3" style="position:absolute;left:232.653px;top:30.7px;">1.6</div><div id="a138195_46_77" style="position:absolute;font-weight:normal;font-style:normal;left:249.293px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million for the years ended December 31, 2020, 2019 and 2018,<div style="display:inline-block;width:4.73px"> </div>respectively, </div><div id="a138238" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">representing the annual accrued benefits under this<div style="display:inline-block;width:4.71px"> </div>plan. </div><div id="a138254" style="position:absolute;font-weight:bold;font-style:normal;left:28.427px;top:69.4px;">Defined Contribution Plan </div><div id="a138260" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.6px;">The Company has a 401(k) plan with an employer<div style="display:inline-block;width:4.58px"> </div>match covering a majority of its U.S. employees.<div style="display:inline-block;width:7.97px"> </div>The plan allows for and the </div><div id="a138306" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108px;">Company previously paid a nonelective contribution<div style="display:inline-block;width:4.56px"> </div>on behalf of participants who have completed one year<div style="display:inline-block;width:4.6px"> </div>of service equal to 3% of </div><div id="a138348" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">the eligible participants’ compensation in the form<div style="display:inline-block;width:4.55px"> </div>of Company common stock.<div style="display:inline-block;width:7.46px"> </div>During 2019 and 2018, the Company made both non-</div><div id="a138388" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.7px;">elective and elective 401(k) matching contributions<div style="display:inline-block;width:4.74px"> </div>in cash, rather than stock.<div style="display:inline-block;width:7.2px"> </div>Beginning in April 2020, the Company began matching </div><div id="a138426" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">both non-elective and elective 401(k) contributions in<div style="display:inline-block;width:4.71px"> </div>fully vested shared<div style="display:inline-block;width:3.72px"> </div>of the Company’s common<div style="display:inline-block;width:4.74px"> </div>stock rather than cash.<div style="display:inline-block;width:7.06px"> </div>See Note </div><div id="a138470" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">8 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:7.88px"> </div>Total Company<div style="display:inline-block;width:4.82px"> </div>contributions were $</div><div id="a138470_84_3" style="position:absolute;left:468.68px;top:169.3px;">5.7</div><div id="a138470_87_11" style="position:absolute;font-weight:normal;font-style:normal;left:485.32px;top:169.3px;"><div style="display:inline-block;width:3.36px"> </div>million, $</div><div id="a138470_98_3" style="position:absolute;left:540.52px;top:169.3px;">4.0</div><div id="a138470_101_14" style="position:absolute;font-weight:normal;font-style:normal;left:557.32px;top:169.3px;"><div style="display:inline-block;width:3.2px"> </div>million and $</div><div id="a138470_115_3" style="position:absolute;left:631.76px;top:169.3px;">3.1</div><div id="a138470_118_13" style="position:absolute;font-weight:normal;font-style:normal;left:648.399px;top:169.3px;"><div style="display:inline-block;width:3.36px"> </div>million for </div><div id="a138513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">the years ended December 31, 2020, 2019 and 2018,<div style="display:inline-block;width:4.74px"> </div>respectively.</div></div> <div id="TextBlockContainer1078" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1076_XBRL_TS_cfbca1821a8e4209844576e01ad24078" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1077" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128781" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:0px;">Other Post- </div><div id="a128788" style="position:absolute;font-weight:bold;font-style:normal;left:361.933px;top:17.1px;">Pension Benefits </div><div id="a128791" style="position:absolute;font-weight:bold;font-style:normal;left:614px;top:17.1px;">Retirement Benefits </div><div id="a128797" style="position:absolute;font-weight:bold;font-style:normal;left:296.493px;top:34.1px;">2020 </div><div id="a128801" style="position:absolute;font-weight:bold;font-style:normal;left:498.44px;top:34.1px;">2019 </div><div id="a128804" style="position:absolute;font-weight:bold;font-style:normal;left:625.52px;top:34.1px;">2020 </div><div id="a128807" style="position:absolute;font-weight:bold;font-style:normal;left:689.52px;top:34.1px;">2019 </div><div id="a128810" style="position:absolute;font-weight:bold;font-style:normal;left:221.613px;top:51px;">Foreign </div><div id="a128813" style="position:absolute;font-weight:bold;font-style:normal;left:297.933px;top:51px;">U.S. </div><div id="a128816" style="position:absolute;font-weight:bold;font-style:normal;left:360.653px;top:51px;">Total </div><div id="a128819" style="position:absolute;font-weight:bold;font-style:normal;left:419.56px;top:51px;">Foreign </div><div id="a128822" style="position:absolute;font-weight:bold;font-style:normal;left:496.04px;top:51px;">U.S. </div><div id="a128825" style="position:absolute;font-weight:bold;font-style:normal;left:558.6px;top:51px;">Total </div><div id="a128828" style="position:absolute;font-weight:bold;font-style:normal;left:626.96px;top:51px;">U.S. </div><div id="a128831" style="position:absolute;font-weight:bold;font-style:normal;left:690.96px;top:51px;">U.S. </div><div id="a128833" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Change in benefit obligation </div><div id="a128858" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Gross benefit obligation at beginning </div><div id="a128884" style="position:absolute;font-weight:normal;font-style:normal;left:12.427px;top:102.1px;">of year </div><div id="a128886" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:102.8px;">$</div><div id="a128888" style="position:absolute;font-size:12.64px;left:226.093px;top:102.8px;">217,893</div><div id="a128891" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:102.8px;">$</div><div id="a128893" style="position:absolute;font-size:12.64px;left:292.013px;top:102.8px;">153,723</div><div id="a128896" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:102.8px;">$</div><div id="a128898" style="position:absolute;font-size:12.64px;left:358.093px;top:102.8px;">371,616</div><div id="a128901" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:102.8px;">$</div><div id="a128903" style="position:absolute;font-size:12.64px;left:424.04px;top:102.8px;">111,316</div><div id="a128906" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:102.8px;">$</div><div id="a128908" style="position:absolute;font-size:12.64px;left:496.36px;top:102.8px;">58,734</div><div id="a128911" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:102.8px;">$</div><div id="a128913" style="position:absolute;font-size:12.64px;left:556.04px;top:102.8px;">170,050</div><div id="a128916" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:102.8px;">$</div><div id="a128918" style="position:absolute;font-size:12.64px;left:632.72px;top:102.8px;">4,266</div><div id="a128921" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:102.8px;">$</div><div id="a128923" style="position:absolute;font-size:12.64px;left:696.72px;top:102.8px;">4,106</div><div id="a128925" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Service cost </div><div id="a128929" style="position:absolute;font-size:12.64px;left:238.733px;top:119.8px;">4,340</div><div id="a128933" style="position:absolute;font-size:12.64px;left:314.093px;top:119.8px;">491</div><div id="a128937" style="position:absolute;font-size:12.64px;left:370.733px;top:119.8px;">4,831</div><div id="a128941" style="position:absolute;font-size:12.64px;left:436.68px;top:119.8px;">3,507</div><div id="a128945" style="position:absolute;font-size:12.64px;left:512.2px;top:119.8px;">434</div><div id="a128949" style="position:absolute;font-size:12.64px;left:568.72px;top:119.8px;">3,941</div><div id="a128953" style="position:absolute;font-size:12.64px;left:654.8px;top:119.8px;">5</div><div id="a128957" style="position:absolute;font-size:12.64px;left:718.8px;top:119.8px;">6</div><div id="a128959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Interest cost </div><div id="a128962" style="position:absolute;font-size:12.64px;left:238.733px;top:136.7px;">3,416</div><div id="a128966" style="position:absolute;font-size:12.64px;left:304.653px;top:136.7px;">2,923</div><div id="a128970" style="position:absolute;font-size:12.64px;left:370.733px;top:136.7px;">6,339</div><div id="a128974" style="position:absolute;font-size:12.64px;left:436.68px;top:136.7px;">3,046</div><div id="a128978" style="position:absolute;font-size:12.64px;left:502.76px;top:136.7px;">3,313</div><div id="a128982" style="position:absolute;font-size:12.64px;left:568.72px;top:136.7px;">6,359</div><div id="a128986" style="position:absolute;font-size:12.64px;left:648.56px;top:136.7px;">77</div><div id="a128990" style="position:absolute;font-size:12.64px;left:706.16px;top:136.7px;">143</div><div id="a128992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.1px;">Employee contributions </div><div id="a128995" style="position:absolute;font-size:12.64px;left:254.573px;top:153.9px;">73</div><div id="a128999" style="position:absolute;font-size:12.64px;left:320.493px;top:153.9px;">—</div><div id="a129003" style="position:absolute;font-size:12.64px;left:386.573px;top:153.9px;">73</div><div id="a129007" style="position:absolute;font-size:12.64px;left:452.52px;top:153.9px;">73</div><div id="a129011" style="position:absolute;font-size:12.64px;left:518.6px;top:153.9px;">—</div><div id="a129015" style="position:absolute;font-size:12.64px;left:584.56px;top:153.9px;">73</div><div id="a129019" style="position:absolute;font-size:12.64px;left:648.56px;top:153.9px;">—</div><div id="a129023" style="position:absolute;font-size:12.64px;left:712.56px;top:153.9px;">—</div><div id="a129025" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Effect of plan amendments </div><div id="a129028" style="position:absolute;font-size:12.64px;left:254.573px;top:170.8px;">—</div><div id="a129032" style="position:absolute;font-size:12.64px;left:320.493px;top:170.8px;">50</div><div id="a129036" style="position:absolute;font-size:12.64px;left:386.573px;top:170.8px;">50</div><div id="a129040" style="position:absolute;font-size:12.64px;left:452.52px;top:170.8px;">30</div><div id="a129044" style="position:absolute;font-size:12.64px;left:518.6px;top:170.8px;">—</div><div id="a129048" style="position:absolute;font-size:12.64px;left:584.56px;top:170.8px;">30</div><div id="a129052" style="position:absolute;font-size:12.64px;left:648.56px;top:170.8px;">—</div><div id="a129056" style="position:absolute;font-size:12.64px;left:712.56px;top:170.8px;">—</div><div id="a129058" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Curtailment gain </div><div id="a129061" style="position:absolute;font-size:12.64px;left:234.253px;top:187.8px;">(2,324)</div><div id="a129065" style="position:absolute;font-size:12.64px;left:320.493px;top:187.8px;">—</div><div id="a129069" style="position:absolute;font-size:12.64px;left:366.253px;top:187.8px;">(2,324)</div><div id="a129073" style="position:absolute;font-size:12.64px;left:452.52px;top:187.8px;">—</div><div id="a129077" style="position:absolute;font-size:12.64px;left:518.6px;top:187.8px;">—</div><div id="a129081" style="position:absolute;font-size:12.64px;left:584.56px;top:187.8px;">—</div><div id="a129085" style="position:absolute;font-size:12.64px;left:648.56px;top:187.8px;">—</div><div id="a129089" style="position:absolute;font-size:12.64px;left:712.56px;top:187.8px;">—</div><div id="a129091" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Plan settlements </div><div id="a129094" style="position:absolute;font-size:12.64px;left:234.253px;top:204.8px;">(2,316)</div><div id="a129098" style="position:absolute;font-size:12.64px;left:293.933px;top:204.8px;">(53,494)</div><div id="a129102" style="position:absolute;font-size:12.64px;left:360.013px;top:204.8px;">(55,810)</div><div id="a129106" style="position:absolute;font-size:12.64px;left:432.2px;top:204.8px;">(1,087)</div><div id="a129110" style="position:absolute;font-size:12.64px;left:518.6px;top:204.8px;">—</div><div id="a129114" style="position:absolute;font-size:12.64px;left:564.2px;top:204.8px;">(1,087)</div><div id="a129118" style="position:absolute;font-size:12.64px;left:648.56px;top:204.8px;">—</div><div id="a129122" style="position:absolute;font-size:12.64px;left:712.56px;top:204.8px;">—</div><div id="a129124" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221.2px;">Benefits paid </div><div id="a129127" style="position:absolute;font-size:12.64px;left:234.253px;top:221.9px;">(5,087)</div><div id="a129131" style="position:absolute;font-size:12.64px;left:300.173px;top:221.9px;">(6,138)</div><div id="a129135" style="position:absolute;font-size:12.64px;left:360.013px;top:221.9px;">(11,225)</div><div id="a129139" style="position:absolute;font-size:12.64px;left:432.2px;top:221.9px;">(3,832)</div><div id="a129143" style="position:absolute;font-size:12.64px;left:498.28px;top:221.9px;">(6,034)</div><div id="a129147" style="position:absolute;font-size:12.64px;left:564.2px;top:221.9px;">(9,866)</div><div id="a129151" style="position:absolute;font-size:12.64px;left:637.84px;top:221.9px;">(250)</div><div id="a129155" style="position:absolute;font-size:12.64px;left:701.84px;top:221.9px;">(384)</div><div id="a129157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.1px;">Plan expenses and premiums paid </div><div id="a129160" style="position:absolute;font-size:12.64px;left:243.853px;top:238.9px;">(135)</div><div id="a129164" style="position:absolute;font-size:12.64px;left:320.493px;top:238.9px;">—</div><div id="a129168" style="position:absolute;font-size:12.64px;left:375.853px;top:238.9px;">(135)</div><div id="a129172" style="position:absolute;font-size:12.64px;left:441.8px;top:238.9px;">(129)</div><div id="a129176" style="position:absolute;font-size:12.64px;left:518.6px;top:238.9px;">—</div><div id="a129180" style="position:absolute;font-size:12.64px;left:573.84px;top:238.9px;">(129)</div><div id="a129184" style="position:absolute;font-size:12.64px;left:648.56px;top:238.9px;">—</div><div id="a129188" style="position:absolute;font-size:12.64px;left:712.56px;top:238.9px;">—</div><div id="a129190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Transfer in of business acquisition </div><div id="a129193" style="position:absolute;font-size:12.64px;left:254.573px;top:255.8px;">—</div><div id="a129197" style="position:absolute;font-size:12.64px;left:320.493px;top:255.8px;">—</div><div id="a129201" style="position:absolute;font-size:12.64px;left:386.573px;top:255.8px;">—</div><div id="a129205" style="position:absolute;font-size:12.64px;left:430.28px;top:255.8px;">85,658</div><div id="a129209" style="position:absolute;font-size:12.64px;left:496.36px;top:255.8px;">86,414</div><div id="a129213" style="position:absolute;font-size:12.64px;left:556.04px;top:255.8px;">172,072</div><div id="a129217" style="position:absolute;font-size:12.64px;left:648.56px;top:255.8px;">—</div><div id="a129221" style="position:absolute;font-size:12.64px;left:712.56px;top:255.8px;">—</div><div id="a129223" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:272px;">Actuarial loss (gain) </div><div id="a129227" style="position:absolute;font-size:12.64px;left:232.333px;top:272.8px;">16,834</div><div id="a129231" style="position:absolute;font-size:12.64px;left:298.253px;top:272.8px;">12,414</div><div id="a129235" style="position:absolute;font-size:12.64px;left:364.333px;top:272.8px;">29,248</div><div id="a129239" style="position:absolute;font-size:12.64px;left:430.28px;top:272.8px;">13,616</div><div id="a129243" style="position:absolute;font-size:12.64px;left:496.36px;top:272.8px;">10,862</div><div id="a129247" style="position:absolute;font-size:12.64px;left:562.28px;top:272.8px;">24,478</div><div id="a129251" style="position:absolute;font-size:12.64px;left:637.84px;top:272.8px;">(864)</div><div id="a129255" style="position:absolute;font-size:12.64px;left:706.16px;top:272.8px;">395</div><div id="a129257" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:289.2px;">Translation differences and<div style="display:inline-block;width:4.71px"> </div>other </div><div id="a129260" style="position:absolute;font-size:12.64px;left:232.333px;top:289.9px;">14,981</div><div id="a129264" style="position:absolute;font-size:12.64px;left:320.493px;top:289.9px;">—</div><div id="a129268" style="position:absolute;font-size:12.64px;left:364.333px;top:289.9px;">14,981</div><div id="a129272" style="position:absolute;font-size:12.64px;left:436.68px;top:289.9px;">5,695</div><div id="a129276" style="position:absolute;font-size:12.64px;left:518.6px;top:289.9px;">—</div><div id="a129280" style="position:absolute;font-size:12.64px;left:568.72px;top:289.9px;">5,695</div><div id="a129284" style="position:absolute;font-size:12.64px;left:648.56px;top:289.9px;">—</div><div id="a129288" style="position:absolute;font-size:12.64px;left:712.56px;top:289.9px;">—</div><div id="a129290" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.1px;">Gross benefit obligation at end of year </div><div id="a129292" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:307.8px;">$</div><div id="a129294" style="position:absolute;font-size:12.64px;left:226.093px;top:307.8px;">247,675</div><div id="a129297" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:307.8px;">$</div><div id="a129299" style="position:absolute;font-size:12.64px;left:292.013px;top:307.8px;">109,969</div><div id="a129302" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:307.8px;">$</div><div id="a129304" style="position:absolute;font-size:12.64px;left:358.093px;top:307.8px;">357,644</div><div id="a129307" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:307.8px;">$</div><div id="a129309" style="position:absolute;font-size:12.64px;left:424.04px;top:307.8px;">217,893</div><div id="a129312" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:307.8px;">$</div><div id="a129314" style="position:absolute;font-size:12.64px;left:490.12px;top:307.8px;">153,723</div><div id="a129317" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:307.8px;">$</div><div id="a129319" style="position:absolute;font-size:12.64px;left:556.04px;top:307.8px;">371,616</div><div id="a129322" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:307.8px;">$</div><div id="a129324" style="position:absolute;font-size:12.64px;left:632.72px;top:307.8px;">3,234</div><div id="a129327" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:307.8px;">$</div><div id="a129329" style="position:absolute;font-size:12.64px;left:696.72px;top:307.8px;">4,266</div></div></div></div><div id="TextBlockContainer1081" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:736px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129402" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:0px;">Other Post- </div><div id="a129409" style="position:absolute;font-weight:bold;font-style:normal;left:361.933px;top:17px;">Pension Benefits </div><div id="a129412" style="position:absolute;font-weight:bold;font-style:normal;left:614px;top:17px;">Retirement Benefits </div><div id="a129418" style="position:absolute;font-weight:bold;font-style:normal;left:296.493px;top:33.9px;">2020 </div><div id="a129422" style="position:absolute;font-weight:bold;font-style:normal;left:498.44px;top:33.9px;">2019 </div><div id="a129425" style="position:absolute;font-weight:bold;font-style:normal;left:625.52px;top:33.9px;">2020 </div><div id="a129428" style="position:absolute;font-weight:bold;font-style:normal;left:689.52px;top:33.9px;">2019 </div><div id="a129431" style="position:absolute;font-weight:bold;font-style:normal;left:221.613px;top:50.9px;">Foreign </div><div id="a129434" style="position:absolute;font-weight:bold;font-style:normal;left:297.933px;top:50.9px;">U.S. </div><div id="a129437" style="position:absolute;font-weight:bold;font-style:normal;left:360.653px;top:50.9px;">Total </div><div id="a129440" style="position:absolute;font-weight:bold;font-style:normal;left:419.56px;top:50.9px;">Foreign </div><div id="a129443" style="position:absolute;font-weight:bold;font-style:normal;left:496.04px;top:50.9px;">U.S. </div><div id="a129446" style="position:absolute;font-weight:bold;font-style:normal;left:558.6px;top:50.9px;">Total </div><div id="a129449" style="position:absolute;font-weight:bold;font-style:normal;left:626.96px;top:50.9px;">U.S. </div><div id="a129452" style="position:absolute;font-weight:bold;font-style:normal;left:690.96px;top:50.9px;">U.S. </div><div id="a129454" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Change in plan assets </div><div id="a129479" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Fair value of plan assets at<div style="display:inline-block;width:3.9px"> </div></div><div id="a129505" style="position:absolute;font-weight:normal;font-style:normal;left:12.427px;top:101.9px;">beginning of year </div><div id="a129507" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:102.7px;">$</div><div id="a129509" style="position:absolute;font-size:12.64px;left:226.093px;top:102.7px;">195,099</div><div id="a129512" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:102.7px;">$</div><div id="a129514" style="position:absolute;font-size:12.64px;left:292.013px;top:102.7px;">120,550</div><div id="a129517" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:102.7px;">$</div><div id="a129519" style="position:absolute;font-size:12.64px;left:358.093px;top:102.7px;">315,649</div><div id="a129522" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:102.7px;">$</div><div id="a129524" style="position:absolute;font-size:12.64px;left:430.28px;top:102.7px;">94,826</div><div id="a129527" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:102.7px;">$</div><div id="a129529" style="position:absolute;font-size:12.64px;left:496.36px;top:102.7px;">49,415</div><div id="a129532" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:102.7px;">$</div><div id="a129534" style="position:absolute;font-size:12.64px;left:556.04px;top:102.7px;">144,241</div><div id="a129537" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:102.7px;">$</div><div id="a129539" style="position:absolute;font-size:12.64px;left:648.56px;top:102.7px;">—</div><div id="a129542" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:102.7px;">$</div><div id="a129544" style="position:absolute;font-size:12.64px;left:712.56px;top:102.7px;">—</div><div id="a129546" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:118.9px;">Actual return on plan assets </div><div id="a129550" style="position:absolute;font-size:12.64px;left:232.333px;top:119.6px;">20,367</div><div id="a129554" style="position:absolute;font-size:12.64px;left:298.253px;top:119.6px;">10,759</div><div id="a129558" style="position:absolute;font-size:12.64px;left:364.333px;top:119.6px;">31,126</div><div id="a129562" style="position:absolute;font-size:12.64px;left:430.28px;top:119.6px;">13,458</div><div id="a129566" style="position:absolute;font-size:12.64px;left:496.36px;top:119.6px;">10,663</div><div id="a129570" style="position:absolute;font-size:12.64px;left:562.28px;top:119.6px;">24,121</div><div id="a129574" style="position:absolute;font-size:12.64px;left:648.56px;top:119.6px;">—</div><div id="a129578" style="position:absolute;font-size:12.64px;left:712.56px;top:119.6px;">—</div><div id="a129580" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Employer contributions </div><div id="a129583" style="position:absolute;font-size:12.64px;left:238.733px;top:136.7px;">6,912</div><div id="a129587" style="position:absolute;font-size:12.64px;left:304.653px;top:136.7px;">2,302</div><div id="a129591" style="position:absolute;font-size:12.64px;left:370.733px;top:136.7px;">9,214</div><div id="a129595" style="position:absolute;font-size:12.64px;left:436.68px;top:136.7px;">5,223</div><div id="a129599" style="position:absolute;font-size:12.64px;left:502.76px;top:136.7px;">1,087</div><div id="a129603" style="position:absolute;font-size:12.64px;left:568.72px;top:136.7px;">6,310</div><div id="a129607" style="position:absolute;font-size:12.64px;left:642.16px;top:136.7px;">250</div><div id="a129611" style="position:absolute;font-size:12.64px;left:706.16px;top:136.7px;">384</div><div id="a129613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Employee contributions </div><div id="a129616" style="position:absolute;font-size:12.64px;left:254.573px;top:153.7px;">73</div><div id="a129620" style="position:absolute;font-size:12.64px;left:320.493px;top:153.7px;">—</div><div id="a129624" style="position:absolute;font-size:12.64px;left:386.573px;top:153.7px;">73</div><div id="a129628" style="position:absolute;font-size:12.64px;left:452.52px;top:153.7px;">73</div><div id="a129632" style="position:absolute;font-size:12.64px;left:518.6px;top:153.7px;">—</div><div id="a129636" style="position:absolute;font-size:12.64px;left:584.56px;top:153.7px;">73</div><div id="a129640" style="position:absolute;font-size:12.64px;left:648.56px;top:153.7px;">—</div><div id="a129644" style="position:absolute;font-size:12.64px;left:712.56px;top:153.7px;">—</div><div id="a129646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.9px;">Plan settlements </div><div id="a129649" style="position:absolute;font-size:12.64px;left:234.253px;top:170.7px;">(2,316)</div><div id="a129653" style="position:absolute;font-size:12.64px;left:293.933px;top:170.7px;">(53,494)</div><div id="a129657" style="position:absolute;font-size:12.64px;left:360.013px;top:170.7px;">(55,810)</div><div id="a129662" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:432.2px;top:170.7px;">(1,087)</div><div id="a129666" style="position:absolute;font-size:12.64px;left:518.6px;top:170.7px;">—</div><div id="a129670" style="position:absolute;font-size:12.64px;left:564.2px;top:170.7px;">(1,087)</div><div id="a129674" style="position:absolute;font-size:12.64px;left:648.56px;top:170.7px;">—</div><div id="a129678" style="position:absolute;font-size:12.64px;left:712.56px;top:170.7px;">—</div><div id="a129680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.9px;">Benefits paid </div><div id="a129683" style="position:absolute;font-size:12.64px;left:234.253px;top:187.6px;">(5,087)</div><div id="a129687" style="position:absolute;font-size:12.64px;left:300.173px;top:187.6px;">(6,138)</div><div id="a129691" style="position:absolute;font-size:12.64px;left:360.013px;top:187.6px;">(11,225)</div><div id="a129695" style="position:absolute;font-size:12.64px;left:432.2px;top:187.6px;">(3,832)</div><div id="a129699" style="position:absolute;font-size:12.64px;left:498.28px;top:187.6px;">(6,034)</div><div id="a129703" style="position:absolute;font-size:12.64px;left:564.2px;top:187.6px;">(9,866)</div><div id="a129707" style="position:absolute;font-size:12.64px;left:637.84px;top:187.6px;">(250)</div><div id="a129711" style="position:absolute;font-size:12.64px;left:701.84px;top:187.6px;">(384)</div><div id="a129713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204px;">Plan expenses and premiums paid </div><div id="a129716" style="position:absolute;font-size:12.64px;left:243.853px;top:204.7px;">(135)</div><div id="a129720" style="position:absolute;font-size:12.64px;left:309.773px;top:204.7px;">(498)</div><div id="a129724" style="position:absolute;font-size:12.64px;left:375.853px;top:204.7px;">(633)</div><div id="a129728" style="position:absolute;font-size:12.64px;left:441.8px;top:204.7px;">(129)</div><div id="a129732" style="position:absolute;font-size:12.64px;left:507.88px;top:204.7px;">(500)</div><div id="a129736" style="position:absolute;font-size:12.64px;left:573.84px;top:204.7px;">(629)</div><div id="a129740" style="position:absolute;font-size:12.64px;left:648.56px;top:204.7px;">—</div><div id="a129744" style="position:absolute;font-size:12.64px;left:712.56px;top:204.7px;">—</div><div id="a129746" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221px;">Transfer in of business acquisition </div><div id="a129749" style="position:absolute;font-size:12.64px;left:254.573px;top:221.7px;">—</div><div id="a129753" style="position:absolute;font-size:12.64px;left:320.493px;top:221.7px;">—</div><div id="a129757" style="position:absolute;font-size:12.64px;left:386.573px;top:221.7px;">—</div><div id="a129761" style="position:absolute;font-size:12.64px;left:430.28px;top:221.7px;">81,068</div><div id="a129765" style="position:absolute;font-size:12.64px;left:496.36px;top:221.7px;">65,919</div><div id="a129769" style="position:absolute;font-size:12.64px;left:556.04px;top:221.7px;">146,987</div><div id="a129773" style="position:absolute;font-size:12.64px;left:648.56px;top:221.7px;">—</div><div id="a129777" style="position:absolute;font-size:12.64px;left:712.56px;top:221.7px;">—</div><div id="a129779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">Translation differences </div><div id="a129782" style="position:absolute;font-size:12.64px;left:232.333px;top:238.7px;">13,876</div><div id="a129787" style="position:absolute;font-size:12.64px;left:320.493px;top:238.7px;">—</div><div id="a129791" style="position:absolute;font-size:12.64px;left:364.333px;top:238.7px;">13,876</div><div id="a129795" style="position:absolute;font-size:12.64px;left:436.68px;top:238.7px;">5,499</div><div id="a129799" style="position:absolute;font-size:12.64px;left:518.6px;top:238.7px;">—</div><div id="a129803" style="position:absolute;font-size:12.64px;left:568.72px;top:238.7px;">5,499</div><div id="a129807" style="position:absolute;font-size:12.64px;left:648.56px;top:238.7px;">—</div><div id="a129811" style="position:absolute;font-size:12.64px;left:712.56px;top:238.7px;">—</div><div id="a129813" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:254.9px;">Fair value of plan assets at end of year </div><div id="a129815" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:255.7px;">$</div><div id="a129817" style="position:absolute;font-size:12.64px;left:226.093px;top:255.7px;">228,789</div><div id="a129820" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:255.7px;">$</div><div id="a129822" style="position:absolute;font-size:12.64px;left:298.253px;top:255.7px;">73,481</div><div id="a129825" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:255.7px;">$</div><div id="a129827" style="position:absolute;font-size:12.64px;left:358.093px;top:255.7px;">302,270</div><div id="a129830" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:255.7px;">$</div><div id="a129832" style="position:absolute;font-size:12.64px;left:424.04px;top:255.7px;">195,099</div><div id="a129835" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:255.7px;">$</div><div id="a129837" style="position:absolute;font-size:12.64px;left:490.12px;top:255.7px;">120,550</div><div id="a129840" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:255.7px;">$</div><div id="a129842" style="position:absolute;font-size:12.64px;left:556.04px;top:255.7px;">315,649</div><div id="a129845" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:255.7px;">$</div><div id="a129847" style="position:absolute;font-size:12.64px;left:648.56px;top:255.7px;">—</div><div id="a129850" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:255.7px;">$</div><div id="a129852" style="position:absolute;font-size:12.64px;left:712.56px;top:255.7px;">—</div><div id="a129854" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:274px;">Net benefit obligation recognized </div><div id="a129856" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:216.493px;top:274.7px;">$</div><div id="a129858" style="position:absolute;font-size:12.64px;left:228.013px;top:274.7px;">(18,886)</div><div id="a129861" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:282.413px;top:274.7px;">$</div><div id="a129863" style="position:absolute;font-size:12.64px;left:293.933px;top:274.7px;">(36,488)</div><div id="a129866" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:348.493px;top:274.7px;">$</div><div id="a129868" style="position:absolute;font-size:12.64px;left:360.013px;top:274.7px;">(55,374)</div><div id="a129871" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:414.44px;top:274.7px;">$</div><div id="a129873" style="position:absolute;font-size:12.64px;left:425.96px;top:274.7px;">(22,794)</div><div id="a129876" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:480.52px;top:274.7px;">$</div><div id="a129878" style="position:absolute;font-size:12.64px;left:492.04px;top:274.7px;">(33,173)</div><div id="a129881" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:546.44px;top:274.7px;">$</div><div id="a129883" style="position:absolute;font-size:12.64px;left:557.96px;top:274.7px;">(55,967)</div><div id="a129886" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:612.56px;top:274.7px;">$</div><div id="a129888" style="position:absolute;font-size:12.64px;left:628.24px;top:274.7px;">(3,234)</div><div id="a129891" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:676.56px;top:274.7px;">$</div><div id="a129893" style="position:absolute;font-size:12.64px;left:692.24px;top:274.7px;">(4,266)</div></div><div id="TextBlockContainer1086" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:291px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1084_XBRL_TS_2658fe6254f14871bdc3a8b5c11ecc31" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1085" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:291px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129922" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Amounts recognized in the balance<div style="display:inline-block;width:4.06px"> </div></div><div id="a129948" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:17.1px;">sheet consist of: </div><div id="a129975" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:34.1px;">Non-current assets </div><div id="a129979" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:211.013px;top:34.8px;">$</div><div id="a129981" style="position:absolute;font-size:12.64px;left:234.573px;top:34.8px;">6,748</div><div id="a129984" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:34.8px;">$</div><div id="a129986" style="position:absolute;font-size:12.64px;left:314.253px;top:34.8px;">—</div><div id="a129989" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:34.8px;">$</div><div id="a129991" style="position:absolute;font-size:12.64px;left:362.413px;top:34.8px;">6,748</div><div id="a129994" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:34.8px;">$</div><div id="a129996" style="position:absolute;font-size:12.64px;left:442.12px;top:34.8px;">—</div><div id="a129999" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:34.8px;">$</div><div id="a130001" style="position:absolute;font-size:12.64px;left:506.12px;top:34.8px;">—</div><div id="a130004" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:34.8px;">$</div><div id="a130006" style="position:absolute;font-size:12.64px;left:570.16px;top:34.8px;">—</div><div id="a130009" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:34.8px;">$</div><div id="a130011" style="position:absolute;font-size:12.64px;left:634px;top:34.8px;">—</div><div id="a130014" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:34.8px;">$</div><div id="a130016" style="position:absolute;font-size:12.64px;left:697.04px;top:34.8px;">—</div><div id="a130020" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:51px;">Current liabilities </div><div id="a130023" style="position:absolute;font-size:12.64px;left:239.693px;top:51.8px;">(568)</div><div id="a130027" style="position:absolute;font-size:12.64px;left:303.533px;top:51.8px;">(612)</div><div id="a130031" style="position:absolute;font-size:12.64px;left:357.933px;top:51.8px;">(1,180)</div><div id="a130035" style="position:absolute;font-size:12.64px;left:431.4px;top:51.8px;">(359)</div><div id="a130039" style="position:absolute;font-size:12.64px;left:485.8px;top:51.8px;">(2,620)</div><div id="a130043" style="position:absolute;font-size:12.64px;left:549.8px;top:51.8px;">(2,979)</div><div id="a130047" style="position:absolute;font-size:12.64px;left:623.28px;top:51.8px;">(286)</div><div id="a130051" style="position:absolute;font-size:12.64px;left:686.32px;top:51.8px;">(426)</div><div id="a130055" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:68px;">Non-current liabilities </div><div id="a130060" style="position:absolute;font-size:12.64px;left:223.853px;top:68.7px;">(25,066)</div><div id="a130064" style="position:absolute;font-size:12.64px;left:287.693px;top:68.7px;">(35,876)</div><div id="a130068" style="position:absolute;font-size:12.64px;left:351.693px;top:68.7px;">(60,942)</div><div id="a130072" style="position:absolute;font-size:12.64px;left:415.56px;top:68.7px;">(22,435)</div><div id="a130076" style="position:absolute;font-size:12.64px;left:479.56px;top:68.7px;">(30,553)</div><div id="a130080" style="position:absolute;font-size:12.64px;left:543.56px;top:68.7px;">(52,988)</div><div id="a130084" style="position:absolute;font-size:12.64px;left:613.68px;top:68.7px;">(2,948)</div><div id="a130088" style="position:absolute;font-size:12.64px;left:676.72px;top:68.7px;">(3,840)</div><div id="a130090" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:86.1px;">Net benefit obligation recognized </div><div id="a130092" style="position:absolute;font-weight:normal;font-style:normal;left:211.013px;top:86.1px;">$ </div><div id="a130094" style="position:absolute;font-size:12.64px;left:223.853px;top:86.8px;">(18,886)</div><div id="a130097" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:86.8px;">$</div><div id="a130099" style="position:absolute;font-size:12.64px;left:287.693px;top:86.8px;">(36,488)</div><div id="a130102" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:86.8px;">$</div><div id="a130104" style="position:absolute;font-size:12.64px;left:351.693px;top:86.8px;">(55,374)</div><div id="a130107" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:86.8px;">$</div><div id="a130109" style="position:absolute;font-size:12.64px;left:415.56px;top:86.8px;">(22,794)</div><div id="a130112" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:86.8px;">$</div><div id="a130114" style="position:absolute;font-size:12.64px;left:479.56px;top:86.8px;">(33,173)</div><div id="a130117" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:86.8px;">$</div><div id="a130119" style="position:absolute;font-size:12.64px;left:543.56px;top:86.8px;">(55,967)</div><div id="a130122" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:86.8px;">$</div><div id="a130124" style="position:absolute;font-size:12.64px;left:613.68px;top:86.8px;">(3,234)</div><div id="a130127" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:86.8px;">$</div><div id="a130129" style="position:absolute;font-size:12.64px;left:676.72px;top:86.8px;">(4,266)</div><div id="a130131" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:104.3px;">Amounts not yet reflected in net </div><div id="a130157" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:121.1px;">periodic benefit costs and included in </div><div id="a130182" style="position:absolute;font-weight:normal;font-style:normal;left:5.707px;top:138.1px;">accumulated other comprehensive loss: </div><div id="a130208" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:155.1px;">Prior service credit </div><div id="a130211" style="position:absolute;font-size:12.64px;left:245.933px;top:155.8px;">(26)</div><div id="a130215" style="position:absolute;font-size:12.64px;left:314.253px;top:155.8px;">50</div><div id="a130219" style="position:absolute;font-size:12.64px;left:378.253px;top:155.8px;">24</div><div id="a130223" style="position:absolute;font-size:12.64px;left:426.28px;top:155.8px;">1,271</div><div id="a130227" style="position:absolute;font-size:12.64px;left:506.12px;top:155.8px;">—</div><div id="a130231" style="position:absolute;font-size:12.64px;left:554.28px;top:155.8px;">1,271</div><div id="a130235" style="position:absolute;font-size:12.64px;left:634px;top:155.8px;">—</div><div id="a130239" style="position:absolute;font-size:12.64px;left:697.04px;top:155.8px;">—</div><div id="a130243" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:172px;">Accumulated loss </div><div id="a130246" style="position:absolute;font-size:12.64px;left:223.853px;top:172.8px;">(21,976)</div><div id="a130250" style="position:absolute;font-size:12.64px;left:293.933px;top:172.8px;">(5,532)</div><div id="a130254" style="position:absolute;font-size:12.64px;left:351.693px;top:172.8px;">(27,508)</div><div id="a130258" style="position:absolute;font-size:12.64px;left:415.56px;top:172.8px;">(22,816)</div><div id="a130262" style="position:absolute;font-size:12.64px;left:479.56px;top:172.8px;">(46,560)</div><div id="a130266" style="position:absolute;font-size:12.64px;left:543.56px;top:172.8px;">(69,376)</div><div id="a130270" style="position:absolute;font-size:12.64px;left:627.6px;top:172.8px;">124</div><div id="a130274" style="position:absolute;font-size:12.64px;left:686.32px;top:172.8px;">(734)</div><div id="a130304" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:206.1px;">AOCI </div><div id="a130307" style="position:absolute;font-size:12.64px;left:223.853px;top:206.9px;">(22,002)</div><div id="a130311" style="position:absolute;font-size:12.64px;left:293.933px;top:206.9px;">(5,482)</div><div id="a130315" style="position:absolute;font-size:12.64px;left:351.693px;top:206.9px;">(27,484)</div><div id="a130319" style="position:absolute;font-size:12.64px;left:415.56px;top:206.9px;">(21,545)</div><div id="a130323" style="position:absolute;font-size:12.64px;left:479.56px;top:206.9px;">(46,560)</div><div id="a130327" style="position:absolute;font-size:12.64px;left:543.56px;top:206.9px;">(68,105)</div><div id="a130331" style="position:absolute;font-size:12.64px;left:627.6px;top:206.9px;">124</div><div id="a130335" style="position:absolute;font-size:12.64px;left:686.32px;top:206.9px;">(734)</div><div id="a130339" style="position:absolute;font-weight:normal;font-style:normal;left:6.987px;top:223.1px;">Cumulative employer contributions </div><div id="a130367" style="position:absolute;font-weight:normal;font-style:normal;left:8.427px;top:240px;">(below) or in excess of<div style="display:inline-block;width:7.27px"> </div>net periodic </div><div id="a130395" style="position:absolute;font-weight:normal;font-style:normal;left:8.427px;top:257.1px;">benefit cost </div><div id="a130398" style="position:absolute;font-size:12.64px;left:234.573px;top:257.9px;">3,116</div><div id="a130402" style="position:absolute;font-size:12.64px;left:287.693px;top:257.9px;">(31,006)</div><div id="a130406" style="position:absolute;font-size:12.64px;left:351.693px;top:257.9px;">(27,890)</div><div id="a130410" style="position:absolute;font-size:12.64px;left:421.8px;top:257.9px;">(1,249)</div><div id="a130414" style="position:absolute;font-size:12.64px;left:483.88px;top:257.9px;">13,387</div><div id="a130418" style="position:absolute;font-size:12.64px;left:547.88px;top:257.9px;">12,138</div><div id="a130422" style="position:absolute;font-size:12.64px;left:613.68px;top:257.9px;">(3,358)</div><div id="a130426" style="position:absolute;font-size:12.64px;left:676.72px;top:257.9px;">(3,532)</div><div id="a130428" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:275.1px;">Net benefit obligation recognized </div><div id="a130430" style="position:absolute;font-weight:normal;font-style:normal;left:211.013px;top:275.1px;">$ </div><div id="a130432" style="position:absolute;font-size:12.64px;left:223.853px;top:275.8px;">(18,886)</div><div id="a130435" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:274.893px;top:275.8px;">$</div><div id="a130437" style="position:absolute;font-size:12.64px;left:287.693px;top:275.8px;">(36,488)</div><div id="a130440" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:338.893px;top:275.8px;">$</div><div id="a130442" style="position:absolute;font-size:12.64px;left:351.693px;top:275.8px;">(55,374)</div><div id="a130445" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:402.76px;top:275.8px;">$</div><div id="a130447" style="position:absolute;font-size:12.64px;left:415.56px;top:275.8px;">(22,794)</div><div id="a130450" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:466.76px;top:275.8px;">$</div><div id="a130452" style="position:absolute;font-size:12.64px;left:479.56px;top:275.8px;">(33,173)</div><div id="a130455" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:530.76px;top:275.8px;">$</div><div id="a130457" style="position:absolute;font-size:12.64px;left:543.56px;top:275.8px;">(55,967)</div><div id="a130460" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:594.64px;top:275.8px;">$</div><div id="a130462" style="position:absolute;font-size:12.64px;left:613.68px;top:275.8px;">(3,234)</div><div id="a130465" style="position:absolute;font-size:12.64px;font-weight:normal;font-style:normal;left:658.64px;top:275.8px;">$</div><div id="a130467" style="position:absolute;font-size:12.64px;left:676.72px;top:275.8px;">(4,266)</div></div></div></div> 217893000 153723000 371616000 111316000 58734000 170050000 4266000 4106000 4340000 491000 4831000 3507000 434000 3941000 5000 6000 3416000 2923000 6339000 3046000 3313000 6359000 77000 143000 73000 0 73000 73000 0 73000 0 0 0 50000 50000 30000 0 30000 0 0 -2324000 0 -2324000 0 0 0 0 0 2316000 53494000 55810000 1087000 0 1087000 0 0 5087000 6138000 11225000 3832000 6034000 9866000 250000 384000 135000 0 135000 129000 0 129000 0 0 0 0 0 85658000 86414000 172072000 0 0 16834000 12414000 29248000 13616000 10862000 24478000 -864000 395000 14981000 0 14981000 5695000 0 5695000 0 0 247675000 109969000 357644000 217893000 153723000 371616000 3234000 4266000 195099000 120550000 315649000 94826000 49415000 144241000 0 0 20367000 10759000 31126000 13458000 10663000 24121000 0 0 6912000 2302000 9214000 5223000 1087000 6310000 250000 384000 73000 0 73000 73000 0 73000 0 0 2316000 53494000 55810000 0 1087000 0 0 5087000 6138000 11225000 3832000 6034000 9866000 250000 384000 135000 498000 633000 129000 500000 629000 0 0 0 0 0 81068000 65919000 146987000 0 0 13876000 0 13876000 5499000 0 5499000 0 0 228789000 73481000 302270000 195099000 120550000 315649000 0 0 -18886000 -36488000 -55374000 -22794000 -33173000 -55967000 -3234000 -4266000 6748000 0 6748000 0 0 0 0 0 568000 612000 1180000 359000 2620000 2979000 286000 426000 25066000 35876000 60942000 22435000 30553000 52988000 2948000 3840000 -18886000 -36488000 -55374000 -22794000 -33173000 -55967000 -3234000 -4266000 26000 -50000 -24000 -1271000 0 -1271000 0 0 -21976000 -5532000 -27508000 -22816000 -46560000 -69376000 124000 -734000 -22002000 -5482000 -27484000 -21545000 -46560000 -68105000 124000 -734000 3116000 -31006000 -27890000 -1249000 13387000 12138000 -3358000 -3532000 -18886000 -36488000 -55374000 -22794000 -33173000 -55967000 -3234000 -4266000 <div id="TextBlockContainer1091" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130579" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130583" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130586" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.1px;">Foreign </div><div id="a130589" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.1px;">U.S. </div><div id="a130592" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.1px;">Total </div><div id="a130595" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.1px;">Foreign </div><div id="a130598" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.1px;">U.S. </div><div id="a130601" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.1px;">Total </div><div id="a130603" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Projected benefit obligation </div><div id="a130605" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:34.1px;">$ </div><div id="a130607" style="position:absolute;left:241.933px;top:34.1px;">32,373</div><div id="a130610" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:34.1px;">$ </div><div id="a130612" style="position:absolute;left:323.213px;top:34.1px;">109,969</div><div id="a130615" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:34.1px;">$ </div><div id="a130617" style="position:absolute;left:411.24px;top:34.1px;">142,342</div><div id="a130620" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:34.1px;">$ </div><div id="a130622" style="position:absolute;left:499.24px;top:34.1px;">217,893</div><div id="a130625" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:34.1px;">$ </div><div id="a130627" style="position:absolute;left:587.28px;top:34.1px;">153,723</div><div id="a130630" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:34.1px;">$ </div><div id="a130632" style="position:absolute;left:675.28px;top:34.1px;">371,616</div><div id="a130634" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Accumulated benefit obligation </div><div id="a130637" style="position:absolute;left:241.933px;top:51px;">30,892</div><div id="a130641" style="position:absolute;left:323.213px;top:51px;">109,540</div><div id="a130645" style="position:absolute;left:411.24px;top:51px;">140,432</div><div id="a130649" style="position:absolute;left:499.24px;top:51px;">213,060</div><div id="a130653" style="position:absolute;left:587.28px;top:51px;">152,930</div><div id="a130657" style="position:absolute;left:675.28px;top:51px;">365,990</div><div id="a130659" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Fair value of plan assets </div><div id="a130662" style="position:absolute;left:241.933px;top:68px;">18,074</div><div id="a130666" style="position:absolute;left:329.933px;top:68px;">73,481</div><div id="a130670" style="position:absolute;left:417.96px;top:68px;">91,555</div><div id="a130674" style="position:absolute;left:499.24px;top:68px;">195,099</div><div id="a130678" style="position:absolute;left:587.28px;top:68px;">120,550</div><div id="a130682" style="position:absolute;left:675.28px;top:68px;">315,649</div></div> 32373000 109969000 142342000 217893000 153723000 371616000 30892000 109540000 140432000 213060000 152930000 365990000 18074000 73481000 91555000 195099000 120550000 315649000 <div id="TextBlockContainer1097" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:69px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130763" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130767" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130770" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.6px;">Foreign </div><div id="a130773" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.6px;">U.S. </div><div id="a130776" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.6px;">Total </div><div id="a130779" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.6px;">Foreign </div><div id="a130782" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.6px;">U.S. </div><div id="a130785" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.6px;">Total </div><div id="a130787" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Projected benefit obligation </div><div id="a130789" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:35.2px;">$ </div><div id="a130791" style="position:absolute;left:241.933px;top:35.2px;">32,373</div><div id="a130794" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:35.2px;">$ </div><div id="a130796" style="position:absolute;left:323.213px;top:35.2px;">109,969</div><div id="a130799" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:35.2px;">$ </div><div id="a130801" style="position:absolute;left:411.24px;top:35.2px;">142,342</div><div id="a130804" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:35.2px;">$ </div><div id="a130806" style="position:absolute;left:499.24px;top:35.2px;">217,893</div><div id="a130809" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:35.2px;">$ </div><div id="a130811" style="position:absolute;left:587.28px;top:35.2px;">153,723</div><div id="a130814" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:35.2px;">$ </div><div id="a130816" style="position:absolute;left:675.28px;top:35.2px;">371,616</div><div id="a130818" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Fair value of plan assets </div><div id="a130821" style="position:absolute;left:241.933px;top:52.8px;">18,074</div><div id="a130825" style="position:absolute;left:329.933px;top:52.8px;">73,481</div><div id="a130829" style="position:absolute;left:417.96px;top:52.8px;">91,555</div><div id="a130833" style="position:absolute;left:499.24px;top:52.8px;">195,099</div><div id="a130837" style="position:absolute;left:587.28px;top:52.8px;">120,550</div><div id="a130841" style="position:absolute;left:675.28px;top:52.8px;">315,649</div></div> 32373000 109969000 142342000 217893000 153723000 371616000 18074000 73481000 91555000 195099000 120550000 315649000 <div id="TextBlockContainer1103" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:187px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130862" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a130866" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a130869" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17px;">Foreign </div><div id="a130872" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17px;">U.S. </div><div id="a130875" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17px;">Total </div><div id="a130878" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17px;">Foreign </div><div id="a130881" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17px;">U.S. </div><div id="a130884" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17px;">Total </div><div id="a130886" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Service cost </div><div id="a130888" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:34.1px;">$ </div><div id="a130890" style="position:absolute;left:248.493px;top:34.1px;">4,340</div><div id="a130893" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:34.1px;">$ </div><div id="a130895" style="position:absolute;left:346.573px;top:34.1px;">491</div><div id="a130898" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:34.1px;">$ </div><div id="a130900" style="position:absolute;left:424.52px;top:34.1px;">4,831</div><div id="a130903" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:34.1px;">$ </div><div id="a130905" style="position:absolute;left:512.52px;top:34.1px;">3,507</div><div id="a130908" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:34.1px;">$ </div><div id="a130910" style="position:absolute;left:610.64px;top:34.1px;">434</div><div id="a130913" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:34.1px;">$ </div><div id="a130915" style="position:absolute;left:688.56px;top:34.1px;">3,941</div><div id="a130917" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Interest cost </div><div id="a130920" style="position:absolute;left:248.493px;top:51px;">3,416</div><div id="a130924" style="position:absolute;left:336.493px;top:51px;">2,923</div><div id="a130928" style="position:absolute;left:424.52px;top:51px;">6,339</div><div id="a130932" style="position:absolute;left:512.52px;top:51px;">3,046</div><div id="a130936" style="position:absolute;left:600.56px;top:51px;">3,313</div><div id="a130940" style="position:absolute;left:688.56px;top:51px;">6,359</div><div id="a130942" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Expected return on plan assets </div><div id="a130945" style="position:absolute;left:243.693px;top:68px;">(4,262)</div><div id="a130949" style="position:absolute;left:331.693px;top:68px;">(4,810)</div><div id="a130953" style="position:absolute;left:419.72px;top:68px;">(9,072)</div><div id="a130957" style="position:absolute;left:507.72px;top:68px;">(3,668)</div><div id="a130961" style="position:absolute;left:595.76px;top:68px;">(3,227)</div><div id="a130965" style="position:absolute;left:683.76px;top:68px;">(6,895)</div><div id="a130967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Settlement loss </div><div id="a130970" style="position:absolute;left:260.333px;top:85px;">(88)</div><div id="a130974" style="position:absolute;left:329.933px;top:85px;">22,667</div><div id="a130978" style="position:absolute;left:417.96px;top:85px;">22,579</div><div id="a130982" style="position:absolute;left:522.6px;top:85px;">258</div><div id="a130986" style="position:absolute;left:617.36px;top:85px;">—</div><div id="a130990" style="position:absolute;left:698.64px;top:85px;">258</div><div id="a130992" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Curtailment charge </div><div id="a130995" style="position:absolute;left:243.693px;top:102.1px;">(1,155)</div><div id="a130999" style="position:absolute;left:353.293px;top:102.1px;">—</div><div id="a131003" style="position:absolute;left:419.72px;top:102.1px;">(1,155)</div><div id="a131007" style="position:absolute;left:529.32px;top:102.1px;">—</div><div id="a131011" style="position:absolute;left:617.36px;top:102.1px;">—</div><div id="a131015" style="position:absolute;left:705.36px;top:102.1px;">—</div><div id="a131017" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Actuarial loss amortization </div><div id="a131020" style="position:absolute;left:258.573px;top:119.1px;">886</div><div id="a131024" style="position:absolute;left:336.493px;top:119.1px;">2,110</div><div id="a131028" style="position:absolute;left:424.52px;top:119.1px;">2,996</div><div id="a131032" style="position:absolute;left:522.6px;top:119.1px;">757</div><div id="a131036" style="position:absolute;left:600.56px;top:119.1px;">2,348</div><div id="a131040" style="position:absolute;left:688.56px;top:119.1px;">3,105</div><div id="a131042" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Prior service (credit) cost<div style="display:inline-block;width:3.84px"> </div></div><div id="a131061" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:153px;">amortization </div><div id="a131064" style="position:absolute;left:253.613px;top:153px;">(167)</div><div id="a131068" style="position:absolute;left:353.293px;top:153px;">—</div><div id="a131072" style="position:absolute;left:429.64px;top:153px;">(167)</div><div id="a131076" style="position:absolute;left:517.64px;top:153px;">(165)</div><div id="a131080" style="position:absolute;left:617.36px;top:153px;">—</div><div id="a131084" style="position:absolute;left:693.68px;top:153px;">(165)</div><div id="a131086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.1px;">Net periodic benefit cost </div><div id="a131088" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:171.1px;">$ </div><div id="a131090" style="position:absolute;left:248.493px;top:171.1px;">2,970</div><div id="a131093" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:171.1px;">$ </div><div id="a131095" style="position:absolute;left:329.933px;top:171.1px;">23,381</div><div id="a131098" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:171.1px;">$ </div><div id="a131100" style="position:absolute;left:417.96px;top:171.1px;">26,351</div><div id="a131103" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:171.1px;">$ </div><div id="a131105" style="position:absolute;left:512.52px;top:171.1px;">3,735</div><div id="a131108" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:171.1px;">$ </div><div id="a131110" style="position:absolute;left:600.56px;top:171.1px;">2,868</div><div id="a131113" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:171.1px;">$ </div><div id="a131115" style="position:absolute;left:688.56px;top:171.1px;">6,603</div></div><div id="TextBlockContainer1108" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:546px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1106_XBRL_TS_a0d11887018640e1b244ac089ba5e34f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1107" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:546px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131122" style="position:absolute;font-weight:bold;font-style:normal;left:401.133px;top:0px;">2018 </div><div id="a131128" style="position:absolute;font-weight:bold;font-style:normal;left:299.373px;top:17.6px;">Foreign </div><div id="a131131" style="position:absolute;font-weight:bold;font-style:normal;left:397.773px;top:17.6px;">U.S. </div><div id="a131134" style="position:absolute;font-weight:bold;font-style:normal;left:482.453px;top:17.6px;">Total </div><div id="a131139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Service cost </div><div id="a131141" style="position:absolute;font-weight:normal;font-style:normal;left:282.547px;top:35.2px;">$ </div><div id="a131143" style="position:absolute;left:326.573px;top:35.2px;">3,426</div><div id="a131146" style="position:absolute;font-weight:normal;font-style:normal;left:370.573px;top:35.2px;">$ </div><div id="a131148" style="position:absolute;left:424.653px;top:35.2px;">383</div><div id="a131151" style="position:absolute;font-weight:normal;font-style:normal;left:458.573px;top:35.2px;">$ </div><div id="a131153" style="position:absolute;left:502.613px;top:35.2px;">3,809</div><div id="a131158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Interest cost </div><div id="a131161" style="position:absolute;left:326.573px;top:52.8px;">2,254</div><div id="a131165" style="position:absolute;left:414.573px;top:52.8px;">1,847</div><div id="a131169" style="position:absolute;left:502.613px;top:52.8px;">4,101</div><div id="a131174" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Expected return on plan assets </div><div id="a131177" style="position:absolute;left:321.773px;top:70.4px;">(2,228)</div><div id="a131181" style="position:absolute;left:409.773px;top:70.4px;">(2,803)</div><div id="a131185" style="position:absolute;left:497.813px;top:70.4px;">(5,031)</div><div id="a131190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Settlement loss </div><div id="a131194" style="position:absolute;left:349.933px;top:88px;">2</div><div id="a131198" style="position:absolute;left:431.373px;top:88px;">—</div><div id="a131202" style="position:absolute;left:525.973px;top:88px;">2</div><div id="a131207" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">Actuarial loss amortization </div><div id="a131210" style="position:absolute;left:336.653px;top:105.6px;">881</div><div id="a131214" style="position:absolute;left:414.573px;top:105.6px;">2,276</div><div id="a131218" style="position:absolute;left:502.613px;top:105.6px;">3,157</div><div id="a131223" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Prior service (credit) cost amortization </div><div id="a131226" style="position:absolute;left:331.693px;top:123.2px;">(175)</div><div id="a131230" style="position:absolute;left:431.373px;top:123.2px;">59</div><div id="a131234" style="position:absolute;left:507.733px;top:123.2px;">(116)</div><div id="a131239" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Net periodic benefit cost </div><div id="a131241" style="position:absolute;font-weight:normal;font-style:normal;left:282.547px;top:141.6px;">$ </div><div id="a131243" style="position:absolute;left:326.573px;top:141.6px;">4,160</div><div id="a131246" style="position:absolute;font-weight:normal;font-style:normal;left:370.573px;top:141.6px;">$ </div><div id="a131248" style="position:absolute;left:414.573px;top:141.6px;">1,762</div><div id="a131251" style="position:absolute;font-weight:normal;font-style:normal;left:458.573px;top:141.6px;">$ </div><div id="a131253" style="position:absolute;left:502.613px;top:141.6px;">5,922</div></div></div></div> 4340000 491000 4831000 3507000 434000 3941000 3416000 2923000 6339000 3046000 3313000 6359000 4262000 4810000 9072000 3668000 3227000 6895000 -88000 22667000 22579000 258000 0 258000 -1155000 0 -1155000 0 0 0 -886000 -2110000 -2996000 -757000 -2348000 -3105000 -167000 0 -167000 -165000 0 -165000 2970000 23381000 26351000 3735000 2868000 6603000 3426000 383000 3809000 2254000 1847000 4101000 2228000 2803000 5031000 2000 0 2000 -881000 -2276000 3157000 -175000 59000 -116000 4160000 1762000 5922000 <div id="TextBlockContainer1114" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1112_XBRL_TS_d48fcb4d131442c282c76a7f7403914c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1113" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131279" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:0px;">2020 </div><div id="a131283" style="position:absolute;font-weight:bold;font-style:normal;left:587.12px;top:0px;">2019 </div><div id="a131288" style="position:absolute;font-weight:bold;font-style:normal;left:221.293px;top:17.1px;">Foreign </div><div id="a131291" style="position:absolute;font-weight:bold;font-style:normal;left:319.693px;top:17.1px;">U.S. </div><div id="a131294" style="position:absolute;font-weight:bold;font-style:normal;left:404.36px;top:17.1px;">Total </div><div id="a131297" style="position:absolute;font-weight:bold;font-style:normal;left:485.32px;top:17.1px;">Foreign </div><div id="a131300" style="position:absolute;font-weight:bold;font-style:normal;left:583.76px;top:17.1px;">U.S. </div><div id="a131303" style="position:absolute;font-weight:bold;font-style:normal;left:668.4px;top:17.1px;">Total </div><div id="a131305" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Net (gain) loss arising during<div style="display:inline-block;width:4.06px"> </div></div><div id="a131325" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">the period </div><div id="a131327" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:51px;">$ </div><div id="a131329" style="position:absolute;left:243.693px;top:51px;">(1,594)</div><div id="a131332" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:51px;">$ </div><div id="a131334" style="position:absolute;left:336.493px;top:51px;">1,536</div><div id="a131337" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:51px;">$ </div><div id="a131339" style="position:absolute;left:436.36px;top:51px;">(58)</div><div id="a131342" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:51px;">$ </div><div id="a131344" style="position:absolute;left:512.52px;top:51px;">3,826</div><div id="a131347" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:51px;">$ </div><div id="a131349" style="position:absolute;left:600.56px;top:51px;">3,926</div><div id="a131352" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:51px;">$ </div><div id="a131354" style="position:absolute;left:688.56px;top:51px;">7,752</div><div id="a131356" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Effect of plan amendment </div><div id="a131375" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Recognition of amortization in net </div><div id="a131395" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:102.1px;">periodic benefit cost </div><div id="a131416" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:119px;">Settlement (loss) </div><div id="a131419" style="position:absolute;left:260.333px;top:119px;">(39)</div><div id="a131423" style="position:absolute;left:324.973px;top:119px;">(22,667)</div><div id="a131427" style="position:absolute;left:413px;top:119px;">(22,706)</div><div id="a131431" style="position:absolute;left:529.32px;top:119px;">—</div><div id="a131435" style="position:absolute;left:617.36px;top:119px;">—</div><div id="a131439" style="position:absolute;left:705.36px;top:119px;">—</div><div id="a131443" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:136px;">Prior service credit (cost) </div><div id="a131446" style="position:absolute;left:248.493px;top:136px;">1,325</div><div id="a131450" style="position:absolute;left:353.293px;top:136px;">50</div><div id="a131454" style="position:absolute;left:424.52px;top:136px;">1,375</div><div id="a131458" style="position:absolute;left:522.6px;top:136px;">196</div><div id="a131462" style="position:absolute;left:617.36px;top:136px;">—</div><div id="a131466" style="position:absolute;left:698.64px;top:136px;">196</div><div id="a131470" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:153.2px;">Actuarial loss </div><div id="a131473" style="position:absolute;left:253.613px;top:153.2px;">(758)</div><div id="a131477" style="position:absolute;left:336.493px;top:153.2px;">3,967</div><div id="a131481" style="position:absolute;left:424.52px;top:153.2px;">3,209</div><div id="a131485" style="position:absolute;left:507.72px;top:153.2px;">(1,015)</div><div id="a131489" style="position:absolute;left:595.76px;top:153.2px;">(2,347)</div><div id="a131493" style="position:absolute;left:683.76px;top:153.2px;">(3,362)</div><div id="a131497" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:170.1px;">Curtailment Recognition </div><div id="a131500" style="position:absolute;left:267.053px;top:170.1px;">(3)</div><div id="a131504" style="position:absolute;left:353.293px;top:170.1px;">—</div><div id="a131508" style="position:absolute;left:443.08px;top:170.1px;">(3)</div><div id="a131512" style="position:absolute;left:529.32px;top:170.1px;">—</div><div id="a131516" style="position:absolute;left:617.36px;top:170.1px;">—</div><div id="a131520" style="position:absolute;left:705.36px;top:170.1px;">—</div><div id="a131522" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.1px;">Effect of exchange rates on amounts </div><div id="a131542" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">included in AOCI </div><div id="a131545" style="position:absolute;left:248.493px;top:204px;">1,535</div><div id="a131549" style="position:absolute;left:353.293px;top:204px;">—</div><div id="a131553" style="position:absolute;left:424.52px;top:204px;">1,535</div><div id="a131557" style="position:absolute;left:524.36px;top:204px;">(61)</div><div id="a131561" style="position:absolute;left:617.36px;top:204px;">—</div><div id="a131565" style="position:absolute;left:700.4px;top:204px;">(61)</div><div id="a131567" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:221.2px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other<div style="display:inline-block;width:3.41px"> </div></div><div id="a131588" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:238.1px;">comprehensive loss (income)<div style="display:inline-block;width:3.92px"> </div></div><div id="a131591" style="position:absolute;left:258.573px;top:238.1px;">466</div><div id="a131595" style="position:absolute;left:324.973px;top:238.1px;">(17,114)</div><div id="a131599" style="position:absolute;left:413px;top:238.1px;">(16,648)</div><div id="a131603" style="position:absolute;left:512.52px;top:238.1px;">2,946</div><div id="a131607" style="position:absolute;left:600.56px;top:238.1px;">1,579</div><div id="a131611" style="position:absolute;left:688.56px;top:238.1px;">4,525</div><div id="a131613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:255.1px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic<div style="display:inline-block;width:3.48px"> </div></div><div id="a131633" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:272px;">benefit cost and other<div style="display:inline-block;width:3.9px"> </div></div><div id="a131653" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:290.1px;">comprehensive loss (income)<div style="display:inline-block;width:3.92px"> </div></div><div id="a131655" style="position:absolute;font-weight:normal;font-style:normal;left:204.453px;top:290.1px;">$ </div><div id="a131657" style="position:absolute;left:248.493px;top:290.1px;">3,436</div><div id="a131660" style="position:absolute;font-weight:normal;font-style:normal;left:292.493px;top:290.1px;">$ </div><div id="a131662" style="position:absolute;left:336.493px;top:290.1px;">6,267</div><div id="a131665" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:290.1px;">$ </div><div id="a131667" style="position:absolute;left:424.52px;top:290.1px;">9,703</div><div id="a131670" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:290.1px;">$ </div><div id="a131672" style="position:absolute;left:512.52px;top:290.1px;">6,681</div><div id="a131675" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:290.1px;">$ </div><div id="a131677" style="position:absolute;left:600.56px;top:290.1px;">4,447</div><div id="a131680" style="position:absolute;font-weight:normal;font-style:normal;left:644.56px;top:290.1px;">$ </div><div id="a131682" style="position:absolute;left:682px;top:290.1px;">11,128</div></div></div></div><div id="TextBlockContainer1118" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:228px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1116_XBRL_TS_51a8dbc5d09b45cfaff6443afe55fb4a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1117" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:228px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131738" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2018 </div><div id="a131746" style="position:absolute;font-weight:bold;font-style:normal;left:314.253px;top:17.6px;">Foreign </div><div id="a131750" style="position:absolute;font-weight:bold;font-style:normal;left:412.653px;top:17.6px;">U.S. </div><div id="a131754" style="position:absolute;font-weight:bold;font-style:normal;left:497.333px;top:17.6px;">Total </div><div id="a131758" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Net gain arising during period </div><div id="a131760" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:35.2px;">$ </div><div id="a131762" style="position:absolute;left:341.613px;top:35.2px;">(663)</div><div id="a131765" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:35.2px;">$ </div><div id="a131767" style="position:absolute;left:434.573px;top:35.2px;">453</div><div id="a131770" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:35.2px;">$ </div><div id="a131772" style="position:absolute;left:517.653px;top:35.2px;">(210)</div><div id="a131776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Recognition of amortization in net periodic benefit </div><div id="a131789" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:70.4px;"><div style="display:inline-block;width:3.36px"> </div>cost </div><div id="a131804" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:88px;">Prior service credit (cost) </div><div id="a131807" style="position:absolute;left:346.573px;top:88px;">175</div><div id="a131811" style="position:absolute;left:436.333px;top:88px;">(59)</div><div id="a131815" style="position:absolute;left:522.613px;top:88px;">116</div><div id="a131821" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:105.6px;">Actuarial loss </div><div id="a131824" style="position:absolute;left:341.613px;top:105.6px;">(883)</div><div id="a131828" style="position:absolute;left:419.693px;top:105.6px;">(2,276)</div><div id="a131832" style="position:absolute;left:507.733px;top:105.6px;">(3,159)</div><div id="a131836" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Effect of exchange rates on amounts included </div><div id="a131850" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:140.8px;"><div style="display:inline-block;width:3.36px"> </div>in AOCI </div><div id="a131854" style="position:absolute;left:341.613px;top:140.8px;">(890)</div><div id="a131858" style="position:absolute;left:441.293px;top:140.8px;">—</div><div id="a131862" style="position:absolute;left:517.653px;top:140.8px;">(890)</div><div id="a131879" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other comprehensive loss </div><div id="a131882" style="position:absolute;left:331.693px;top:176px;">(2,261)</div><div id="a131886" style="position:absolute;left:419.693px;top:176px;">(1,882)</div><div id="a131890" style="position:absolute;left:507.733px;top:176px;">(4,143)</div><div id="a131894" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:193.6px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic benefit cost and<div style="display:inline-block;width:3.78px"> </div></div><div id="a131907" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:212px;">other comprehensive loss </div><div id="a131909" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:212px;">$ </div><div id="a131911" style="position:absolute;left:336.493px;top:212px;">1,899</div><div id="a131914" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:212px;">$ </div><div id="a131916" style="position:absolute;left:429.613px;top:212px;">(120)</div><div id="a131919" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:212px;">$ </div><div id="a131921" style="position:absolute;left:512.533px;top:212px;">1,779</div></div></div></div> 1594000 -1536000 58000 -3826000 -3926000 -7752000 -39000 -22667000 -22706000 0 0 0 1325000 50000 1375000 196000 0 196000 -758000 3967000 3209000 -1015000 -2347000 -3362000 -3000 0 -3000 0 0 0 1535000 0 1535000 -61000 0 -61000 466000 -17114000 -16648000 2946000 1579000 4525000 3436000 6267000 9703000 6681000 4447000 11128000 663000 -663000 453000 -453000 -210000 -175000 175000 175000 -59000 -59000 116000 -883000 -883000 -2276000 -2276000 -3159000 -890000 890000 0 0 -890000 -2261000 -1882000 -4143000 1899000 1899000 -120000 -120000 1779000 <div id="TextBlockContainer1123" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:86px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131948" style="position:absolute;font-weight:bold;font-style:normal;left:323.053px;top:0px;">2020 </div><div id="a131952" style="position:absolute;font-weight:bold;font-style:normal;left:411.053px;top:0px;">2019 </div><div id="a131956" style="position:absolute;font-weight:bold;font-style:normal;left:499.093px;top:0px;">2018 </div><div id="a131960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Service cost </div><div id="a131962" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:17.8px;">$ </div><div id="a131964" style="position:absolute;left:363.853px;top:17.3px;">5</div><div id="a131967" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:17.8px;">$ </div><div id="a131969" style="position:absolute;left:451.853px;top:17.3px;">6</div><div id="a131972" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:17.8px;">$ </div><div id="a131974" style="position:absolute;left:539.893px;top:17.3px;">7</div><div id="a131978" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Interest cost </div><div id="a131981" style="position:absolute;left:357.293px;top:33.9px;">77</div><div id="a131985" style="position:absolute;left:438.573px;top:33.9px;">143</div><div id="a131989" style="position:absolute;left:526.613px;top:33.9px;">130</div><div id="a131993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Actuarial loss amortization </div><div id="a131996" style="position:absolute;left:355.053px;top:51px;">(5)</div><div id="a132000" style="position:absolute;left:445.293px;top:51px;">—</div><div id="a132004" style="position:absolute;left:533.333px;top:51px;">42</div><div id="a132008" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Net periodic benefit costs </div><div id="a132010" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:69.8px;">$ </div><div id="a132012" style="position:absolute;left:357.293px;top:68.8px;">77</div><div id="a132015" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:69.8px;">$ </div><div id="a132017" style="position:absolute;left:438.573px;top:68.8px;">149</div><div id="a132020" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:69.8px;">$ </div><div id="a132022" style="position:absolute;left:526.613px;top:68.8px;">179</div></div> 5000 6000 7000 77000 143000 130000 -5000 0 42000 77000 149000 179000 <div id="TextBlockContainer1130" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:141px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1128_XBRL_TS_47e0da3a60194cbdb09878e8fbca8b20" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1129" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:555px;height:141px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132053" style="position:absolute;font-weight:bold;font-style:normal;left:323.053px;top:0px;">2020 </div><div id="a132057" style="position:absolute;font-weight:bold;font-style:normal;left:411.053px;top:0px;">2019 </div><div id="a132061" style="position:absolute;font-weight:bold;font-style:normal;left:499.093px;top:0px;">2018 </div><div id="a132065" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.9px;">Net (gain) loss arising during period </div><div id="a132067" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:18.7px;">$ </div><div id="a132069" style="position:absolute;left:341.613px;top:17.9px;">(864)</div><div id="a132072" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:18.7px;">$ </div><div id="a132074" style="position:absolute;left:434.573px;top:17.9px;">395</div><div id="a132077" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:18.7px;">$ </div><div id="a132079" style="position:absolute;left:517.653px;top:17.9px;">(443)</div><div id="a132083" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Amortization of actuarial loss in net periodic<div style="display:inline-block;width:4.37px"> </div></div><div id="a132096" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:52.8px;">benefit costs </div><div id="a132099" style="position:absolute;left:359.853px;top:52.8px;">5</div><div id="a132103" style="position:absolute;left:441.293px;top:52.8px;">—</div><div id="a132107" style="position:absolute;left:524.373px;top:52.8px;">(42)</div><div id="a132111" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in other comprehensive (income) </div><div id="a132124" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:88.3px;">loss </div><div id="a132127" style="position:absolute;left:341.613px;top:88.3px;">(859)</div><div id="a132131" style="position:absolute;left:434.573px;top:88.3px;">395</div><div id="a132135" style="position:absolute;left:517.653px;top:88.3px;">(485)</div><div id="a132139" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.9px;">Total recognized<div style="display:inline-block;width:4.77px"> </div>in net periodic benefit cost and<div style="display:inline-block;width:3.78px"> </div></div><div id="a132152" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:123.5px;">other comprehensive (income) loss<div style="display:inline-block;width:4.05px"> </div></div><div id="a132154" style="position:absolute;font-weight:normal;font-style:normal;left:292.467px;top:125.1px;">$ </div><div id="a132156" style="position:absolute;left:341.613px;top:123.5px;">(782)</div><div id="a132159" style="position:absolute;font-weight:normal;font-style:normal;left:380.493px;top:125.1px;">$ </div><div id="a132161" style="position:absolute;left:434.573px;top:123.5px;">544</div><div id="a132164" style="position:absolute;font-weight:normal;font-style:normal;left:468.493px;top:125.1px;">$ </div><div id="a132166" style="position:absolute;left:517.653px;top:123.5px;">(306)</div></div></div></div> 864000 -395000 443000 5000 0 -42000 -859000 395000 -485000 -782000 544000 -306000 <div id="TextBlockContainer1135" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132209" style="position:absolute;font-weight:bold;font-style:normal;left:402.253px;top:0px;">Other Postretirement </div><div id="a132215" style="position:absolute;font-weight:bold;font-style:normal;left:240.627px;top:17px;">Pension Benefits </div><div id="a132218" style="position:absolute;font-weight:bold;font-style:normal;left:440.493px;top:17px;">Benefits </div><div id="a132224" style="position:absolute;font-weight:bold;font-style:normal;left:230.067px;top:33.9px;">2020 </div><div id="a132227" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:33.9px;">2019 </div><div id="a132230" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:33.9px;">2020 </div><div id="a132233" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:33.9px;">2019 </div><div id="a132237" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51px;">U.S. Plans: </div><div id="a132252" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Discount rate </div><div id="a132254" style="position:absolute;left:244.307px;top:68px;">2.19</div><div id="a132256" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:68px;">% </div><div id="a132259" style="position:absolute;left:332.333px;top:68px;">3.06</div><div id="a132261" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:68px;">% </div><div id="a132264" style="position:absolute;left:420.333px;top:68px;">2.05</div><div id="a132266" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:68px;">% </div><div id="a132269" style="position:absolute;left:508.373px;top:68px;">2.98</div><div id="a132271" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:68px;">% </div><div id="a132275" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Rate of compensation increase </div><div id="a132277" style="position:absolute;left:244.307px;top:85px;">6.00</div><div id="a132279" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:85px;">% </div><div id="a132282" style="position:absolute;left:332.333px;top:85px;">6.00</div><div id="a132284" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:85px;">% </div><div id="a132287" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:85px;">N/A </div><div id="a132291" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:85px;">N/A </div><div id="a132311" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:119.1px;">Foreign<div style="display:inline-block;width:3.82px"> </div>Plans: </div><div id="a132327" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Discount rate </div><div id="a132330" style="position:absolute;left:244.307px;top:136px;">1.79</div><div id="a132332" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:136px;">% </div><div id="a132335" style="position:absolute;left:332.333px;top:136px;">1.83</div><div id="a132337" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:136px;">% </div><div id="a132340" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:136px;">N/A </div><div id="a132344" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:136px;">N/A </div><div id="a132349" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Rate of compensation increase </div><div id="a132351" style="position:absolute;left:244.307px;top:153px;">2.74</div><div id="a132353" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:153px;">% </div><div id="a132356" style="position:absolute;left:332.333px;top:153px;">2.58</div><div id="a132358" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:153px;">% </div><div id="a132361" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:153px;">N/A </div><div id="a132365" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:153px;">N/A</div></div><div id="TextBlockContainer1141" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:245px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132466" style="position:absolute;font-weight:bold;font-style:normal;left:402.253px;top:0px;">Other Postretirement </div><div id="a132473" style="position:absolute;font-weight:bold;font-style:normal;left:240.627px;top:17.6px;">Pension Benefits </div><div id="a132476" style="position:absolute;font-weight:bold;font-style:normal;left:440.493px;top:17.6px;">Benefits </div><div id="a132482" style="position:absolute;font-weight:bold;font-style:normal;left:230.067px;top:35.2px;">2020 </div><div id="a132485" style="position:absolute;font-weight:bold;font-style:normal;left:318.093px;top:35.2px;">2019 </div><div id="a132488" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:35.2px;">2020 </div><div id="a132491" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:35.2px;">2019 </div><div id="a132495" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:52.8px;">U.S. Plans: </div><div id="a132510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Discount rate </div><div id="a132512" style="position:absolute;left:244.307px;top:70.4px;">3.11</div><div id="a132514" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:70.4px;">% </div><div id="a132517" style="position:absolute;left:332.333px;top:70.4px;">4.08</div><div id="a132519" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:70.4px;">% </div><div id="a132522" style="position:absolute;left:420.333px;top:70.4px;">2.99</div><div id="a132524" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:70.4px;">% </div><div id="a132527" style="position:absolute;left:508.373px;top:70.4px;">4.03</div><div id="a132529" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:70.4px;">% </div><div id="a132533" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Expected long-term return on </div><div id="a132551" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.6px;">plan assets </div><div id="a132554" style="position:absolute;left:244.307px;top:105.6px;">6.50</div><div id="a132556" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:105.6px;">% </div><div id="a132559" style="position:absolute;left:332.333px;top:105.6px;">5.75</div><div id="a132561" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:105.6px;">% </div><div id="a132564" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:105.6px;">N/A </div><div id="a132568" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:105.6px;">N/A </div><div id="a132573" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">Rate of compensation increase </div><div id="a132575" style="position:absolute;left:244.307px;top:123.2px;">6.00</div><div id="a132577" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:123.2px;">% </div><div id="a132580" style="position:absolute;left:332.333px;top:123.2px;">5.50</div><div id="a132582" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:123.2px;">% </div><div id="a132585" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:123.2px;">N/A </div><div id="a132589" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:123.2px;">N/A </div><div id="a132609" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:158.4px;">Foreign Plans: </div><div id="a132624" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176px;">Discount rate </div><div id="a132627" style="position:absolute;left:244.307px;top:176px;">2.30</div><div id="a132629" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:176px;">% </div><div id="a132632" style="position:absolute;left:332.333px;top:176px;">2.30</div><div id="a132634" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:176px;">% </div><div id="a132637" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:176px;">N/A </div><div id="a132641" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:176px;">N/A </div><div id="a132646" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:193.6px;">Expected long-term return on </div><div id="a132664" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:211.2px;">plan assets </div><div id="a132666" style="position:absolute;left:244.307px;top:211.2px;">2.20</div><div id="a132668" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:211.2px;">% </div><div id="a132671" style="position:absolute;left:332.333px;top:211.2px;">3.13</div><div id="a132673" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:211.2px;">% </div><div id="a132676" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:211.2px;">N/A </div><div id="a132680" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:211.2px;">N/A </div><div id="a132685" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:228.8px;">Rate of compensation increase </div><div id="a132687" style="position:absolute;left:244.307px;top:228.8px;">2.79</div><div id="a132689" style="position:absolute;font-weight:normal;font-style:normal;left:270.387px;top:228.8px;">% </div><div id="a132692" style="position:absolute;left:332.333px;top:228.8px;">2.87</div><div id="a132694" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:228.8px;">% </div><div id="a132697" style="position:absolute;font-weight:normal;font-style:normal;left:420.653px;top:228.8px;">N/A </div><div id="a132701" style="position:absolute;font-weight:normal;font-style:normal;left:508.693px;top:228.8px;">N/A</div></div> 0.0219 0.0306 0.0205 0.0298 0.0600 0.0600 0.0179 0.0183 0.0274 0.0258 0.0311 0.0408 0.0299 0.0403 0.0650 0.0575 0.0600 0.0550 0.0230 0.0230 0.0220 0.0313 0.0279 0.0287 <div id="TextBlockContainer1147" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:554px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132860" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2020 </div><div id="a132863" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:0px;">2019 </div><div id="a132867" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.4px;">Health care cost trend rate for next year </div><div id="a132869" style="position:absolute;left:420.333px;top:17.4px;">5.70</div><div id="a132871" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:17.4px;">% </div><div id="a132874" style="position:absolute;left:508.373px;top:17.4px;">5.90</div><div id="a132876" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:17.4px;">% </div><div id="a132880" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Rate to which the cost trend rate is assumed to decline (the </div><div id="a132890" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">ultimate trend rate) </div><div id="a132892" style="position:absolute;left:420.333px;top:51px;">4.50</div><div id="a132894" style="position:absolute;font-weight:normal;font-style:normal;left:446.413px;top:51px;">% </div><div id="a132897" style="position:absolute;left:508.373px;top:51px;">4.50</div><div id="a132899" style="position:absolute;font-weight:normal;font-style:normal;left:534.453px;top:51px;">% </div><div id="a132903" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Year<div style="display:inline-block;width:4.81px"> </div>that the rate reaches the ultimate trend rate </div><div id="a132905" style="position:absolute;left:416.973px;top:68px;">2037</div><div id="a132909" style="position:absolute;left:505.013px;top:68px;">2037</div></div> 0.0570 0.0590 0.0450 0.0450 2037 2037 <div id="TextBlockContainer1153" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:553px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132977" style="position:absolute;font-weight:bold;font-style:italic;left:4.427px;top:0px;">Asset Category </div><div id="a132979" style="position:absolute;font-weight:bold;font-style:normal;left:312.173px;top:0px;">Target </div><div id="a132982" style="position:absolute;font-weight:bold;font-style:normal;left:406.093px;top:0px;">2020 </div><div id="a132985" style="position:absolute;font-weight:bold;font-style:normal;left:494.133px;top:0px;">2019 </div><div id="a132989" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:17.9px;">U.S. Plans </div><div id="a133001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.6px;">Equity securities </div><div id="a133003" style="position:absolute;left:342.413px;top:34.6px;">10</div><div id="a133005" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:34.6px;">% </div><div id="a133008" style="position:absolute;left:430.413px;top:34.6px;">58</div><div id="a133010" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:34.6px;">% </div><div id="a133013" style="position:absolute;left:518.453px;top:34.6px;">32</div><div id="a133015" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:34.6px;">% </div><div id="a133019" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.5px;">Debt securities </div><div id="a133021" style="position:absolute;left:342.413px;top:51.5px;">90</div><div id="a133023" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:51.5px;">% </div><div id="a133026" style="position:absolute;left:430.413px;top:51.5px;">36</div><div id="a133028" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:51.5px;">% </div><div id="a133031" style="position:absolute;left:518.453px;top:51.5px;">64</div><div id="a133033" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:51.5px;">% </div><div id="a133037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.5px;">Other </div><div id="a133039" style="position:absolute;left:348.973px;top:68.5px;">0</div><div id="a133041" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:68.5px;">% </div><div id="a133044" style="position:absolute;left:436.973px;top:68.5px;">6</div><div id="a133046" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:68.5px;">% </div><div id="a133049" style="position:absolute;left:525.013px;top:68.5px;">4</div><div id="a133051" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:68.5px;">% </div><div id="a133056" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:86.4px;">Total </div><div id="a133058" style="position:absolute;left:335.693px;top:86.4px;">100</div><div id="a133060" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:86.4px;">% </div><div id="a133063" style="position:absolute;left:423.693px;top:86.4px;">100</div><div id="a133065" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:86.4px;">% </div><div id="a133068" style="position:absolute;left:511.733px;top:86.4px;">100</div><div id="a133070" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:86.4px;">% </div><div id="a133086" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:121.6px;">Foreign Plans </div><div id="a133099" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.6px;">Equity securities </div><div id="a133101" style="position:absolute;left:342.413px;top:138.6px;">37</div><div id="a133103" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:138.6px;">% </div><div id="a133106" style="position:absolute;left:430.413px;top:138.6px;">33</div><div id="a133108" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:138.6px;">% </div><div id="a133111" style="position:absolute;left:518.453px;top:138.6px;">34</div><div id="a133113" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:138.6px;">% </div><div id="a133117" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.6px;">Debt securities </div><div id="a133119" style="position:absolute;left:342.413px;top:155.6px;">53</div><div id="a133121" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:155.6px;">% </div><div id="a133124" style="position:absolute;left:430.413px;top:155.6px;">45</div><div id="a133126" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:155.6px;">% </div><div id="a133129" style="position:absolute;left:518.453px;top:155.6px;">45</div><div id="a133131" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:155.6px;">% </div><div id="a133135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172.5px;">Other </div><div id="a133137" style="position:absolute;left:342.413px;top:172.5px;">10</div><div id="a133139" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:172.5px;">% </div><div id="a133142" style="position:absolute;left:430.413px;top:172.5px;">22</div><div id="a133144" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:172.5px;">% </div><div id="a133147" style="position:absolute;left:518.453px;top:172.5px;">21</div><div id="a133149" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:172.5px;">% </div><div id="a133154" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:190.4px;">Total </div><div id="a133156" style="position:absolute;left:335.693px;top:190.4px;">100</div><div id="a133158" style="position:absolute;font-weight:normal;font-style:normal;left:357.453px;top:190.4px;">% </div><div id="a133161" style="position:absolute;left:423.693px;top:190.4px;">100</div><div id="a133163" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:190.4px;">% </div><div id="a133166" style="position:absolute;left:511.733px;top:190.4px;">100</div><div id="a133168" style="position:absolute;font-weight:normal;font-style:normal;left:533.493px;top:190.4px;">%</div></div><div id="TextBlockContainer1163" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134948" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a134954" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.1px;">Total </div><div id="a134957" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.1px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a134959" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.4px;">U.S. Pension Assets </div><div id="a134962" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:34.4px;">Fair Value </div><div id="a134965" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:34.4px;">Level 1 </div><div id="a134968" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:34.4px;">Level 2 </div><div id="a134971" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:34.4px;">Level 3 </div><div id="a134973" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Pooled separate accounts </div><div id="a134975" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51.8px;">$ </div><div id="a134977" style="position:absolute;left:402.92px;top:51.4px;">69,385</div><div id="a134980" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.8px;">$ </div><div id="a134982" style="position:absolute;left:519.4px;top:51.4px;">—</div><div id="a134985" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.8px;">$ </div><div id="a134987" style="position:absolute;left:589.04px;top:51.4px;">69,385</div><div id="a134990" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.8px;">$ </div><div id="a134992" style="position:absolute;left:705.36px;top:51.4px;">—</div><div id="a134994" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Real estate </div><div id="a134997" style="position:absolute;left:409.48px;top:68px;">4,096</div><div id="a135001" style="position:absolute;left:519.4px;top:68px;">—</div><div id="a135005" style="position:absolute;left:612.4px;top:68px;">—</div><div id="a135009" style="position:absolute;left:688.56px;top:68px;">4,096</div><div id="a135012" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.4px;">Subtotal U.S. pension plan assets in fair value hierarch<div style="display:inline-block;width:1.45px"> </div>y </div><div id="a135015" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:85.9px;">$ </div><div id="a135017" style="position:absolute;left:402.92px;top:85.4px;">73,481</div><div id="a135020" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:85.9px;">$ </div><div id="a135022" style="position:absolute;left:519.4px;top:85.4px;">—</div><div id="a135025" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:85.9px;">$ </div><div id="a135027" style="position:absolute;left:589.04px;top:85.4px;">69,385</div><div id="a135030" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:85.9px;">$ </div><div id="a135032" style="position:absolute;left:688.56px;top:85.4px;">4,096</div><div id="a135036" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.9px;">Total U.S. pension<div style="display:inline-block;width:4.89px"> </div>plan assets </div><div id="a135039" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:103.8px;">$ </div><div id="a135041" style="position:absolute;left:402.92px;top:102.9px;">73,481</div><div id="a135067" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:138.1px;">Foreign Pension Assets </div><div id="a135080" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:155.1px;">Cash and cash equivalents </div><div id="a135082" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:155.9px;">$ </div><div id="a135084" style="position:absolute;left:419.56px;top:155.1px;">634</div><div id="a135087" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:155.9px;">$ </div><div id="a135089" style="position:absolute;left:512.68px;top:155.1px;">634</div><div id="a135092" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:155.9px;">$ </div><div id="a135094" style="position:absolute;left:612.4px;top:155.1px;">—</div><div id="a135097" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:155.9px;">$ </div><div id="a135099" style="position:absolute;left:705.36px;top:155.1px;">—</div><div id="a135101" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172px;">Insurance contract </div><div id="a135104" style="position:absolute;left:396.2px;top:172px;">112,920</div><div id="a135108" style="position:absolute;left:519.4px;top:172px;">—</div><div id="a135112" style="position:absolute;left:612.4px;top:172px;">—</div><div id="a135116" style="position:absolute;left:675.28px;top:172px;">112,920</div><div id="a135118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.1px;">Diversified equity securities - registered investment companies </div><div id="a135124" style="position:absolute;left:409.48px;top:189.1px;">8,851</div><div id="a135128" style="position:absolute;left:519.4px;top:189.1px;">—</div><div id="a135132" style="position:absolute;left:595.6px;top:189.1px;">8,851</div><div id="a135136" style="position:absolute;left:705.36px;top:189.1px;">—</div><div id="a135138" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:206.1px;">Fixed income – foreign registered investment companies </div><div id="a135144" style="position:absolute;left:409.48px;top:206.1px;">3,711</div><div id="a135148" style="position:absolute;left:519.4px;top:206.1px;">—</div><div id="a135152" style="position:absolute;left:595.6px;top:206.1px;">3,711</div><div id="a135156" style="position:absolute;left:705.36px;top:206.1px;">—</div><div id="a135158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:223.1px;">Fixed income government securities </div><div id="a135161" style="position:absolute;left:402.92px;top:223.1px;">37,579</div><div id="a135165" style="position:absolute;left:519.4px;top:223.1px;">—</div><div id="a135169" style="position:absolute;left:589.04px;top:223.1px;">37,579</div><div id="a135173" style="position:absolute;left:705.36px;top:223.1px;">—</div><div id="a135175" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:240px;">Real estate </div><div id="a135178" style="position:absolute;left:409.48px;top:240px;">5,679</div><div id="a135182" style="position:absolute;left:519.4px;top:240px;">—</div><div id="a135186" style="position:absolute;left:612.4px;top:240px;">—</div><div id="a135190" style="position:absolute;left:688.56px;top:240px;">5,679</div><div id="a135192" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:257.1px;">Other - alternative investments </div><div id="a135198" style="position:absolute;left:402.92px;top:257.1px;">10,638</div><div id="a135202" style="position:absolute;left:519.4px;top:257.1px;">—</div><div id="a135206" style="position:absolute;left:612.4px;top:257.1px;">—</div><div id="a135210" style="position:absolute;left:682px;top:257.1px;">10,638</div><div id="a135213" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:274.4px;">Sub-total of foreign pension assets in fair value hierarchy </div><div id="a135217" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:274.9px;">$ </div><div id="a135219" style="position:absolute;left:396.2px;top:274.4px;">180,012</div><div id="a135222" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:274.9px;">$ </div><div id="a135224" style="position:absolute;left:512.68px;top:274.4px;">634</div><div id="a135227" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:274.9px;">$ </div><div id="a135229" style="position:absolute;left:589.04px;top:274.4px;">50,141</div><div id="a135232" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:274.9px;">$ </div><div id="a135234" style="position:absolute;left:675.28px;top:274.4px;">129,237</div><div id="a135236" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:291.4px;">Commingled funds measured at NAV </div><div id="a135239" style="position:absolute;left:409.48px;top:291.4px;">2,368</div><div id="a135250" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:308px;">Diversified investment fund -<div style="display:inline-block;width:7.29px"> </div>registered investment </div><div id="a135267" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:325.1px;">companies measured at NAV </div><div id="a135270" style="position:absolute;left:402.92px;top:325.1px;">46,409</div><div id="a135283" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:342.9px;">Total foreign pension<div style="display:inline-block;width:4.84px"> </div>assets </div><div id="a135285" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:343.9px;">$ </div><div id="a135287" style="position:absolute;left:396.2px;top:342.9px;">228,789</div><div id="a135316" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:378.9px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets in fair value hierarchy </div><div id="a135318" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:379.9px;">$ </div><div id="a135320" style="position:absolute;left:396.2px;top:378.9px;">253,493</div><div id="a135323" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:379.9px;">$ </div><div id="a135325" style="position:absolute;left:512.68px;top:378.9px;">634</div><div id="a135328" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:379.9px;">$ </div><div id="a135330" style="position:absolute;left:582.32px;top:378.9px;">119,526</div><div id="a135333" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:379.9px;">$ </div><div id="a135335" style="position:absolute;left:675.28px;top:378.9px;">133,333</div><div id="a135340" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:398.3px;">Total pension<div style="display:inline-block;width:4.78px"> </div>assets measured at NAV </div><div id="a135345" style="position:absolute;left:402.92px;top:398.3px;">48,777</div><div id="a135359" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:414.9px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets </div><div id="a135361" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:415.9px;">$ </div><div id="a135363" style="position:absolute;left:396.2px;top:414.9px;">302,270</div></div><div id="TextBlockContainer1167" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135430" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2019 </div><div id="a135436" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.6px;">Total </div><div id="a135439" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.6px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a135441" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:35.5px;">U.S. Pension Assets </div><div id="a135443" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:35.5px;">Fair Value </div><div id="a135446" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:35.5px;">Level 1 </div><div id="a135449" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:35.5px;">Level 2 </div><div id="a135452" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:35.5px;">Level 3 </div><div id="a135454" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Cash and cash equivalents </div><div id="a135456" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:53.9px;">$ </div><div id="a135458" style="position:absolute;left:419.56px;top:53.1px;">450</div><div id="a135461" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.9px;">$ </div><div id="a135463" style="position:absolute;left:512.68px;top:53.1px;">450</div><div id="a135466" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.9px;">$ </div><div id="a135468" style="position:absolute;left:612.4px;top:53.1px;">—</div><div id="a135471" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.9px;">$ </div><div id="a135473" style="position:absolute;left:705.36px;top:53.1px;">—</div><div id="a135475" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Pooled separate accounts </div><div id="a135478" style="position:absolute;left:402.92px;top:70.4px;">64,636</div><div id="a135482" style="position:absolute;left:519.4px;top:70.4px;">—</div><div id="a135486" style="position:absolute;left:589.04px;top:70.4px;">64,636</div><div id="a135490" style="position:absolute;left:705.36px;top:70.4px;">—</div><div id="a135492" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">Real estate </div><div id="a135495" style="position:absolute;left:409.48px;top:88px;">4,060</div><div id="a135499" style="position:absolute;left:519.4px;top:88px;">—</div><div id="a135503" style="position:absolute;left:612.4px;top:88px;">—</div><div id="a135507" style="position:absolute;left:688.56px;top:88px;">4,060</div><div id="a135510" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.9px;">Subtotal U.S. pension plan assets in fair value hierarch<div style="display:inline-block;width:1.45px"> </div>y </div><div id="a135513" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:106.7px;">$ </div><div id="a135515" style="position:absolute;left:402.92px;top:105.9px;">69,146</div><div id="a135518" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:106.7px;">$ </div><div id="a135520" style="position:absolute;left:512.68px;top:105.9px;">450</div><div id="a135523" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:106.7px;">$ </div><div id="a135525" style="position:absolute;left:589.04px;top:105.9px;">64,636</div><div id="a135528" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:106.7px;">$ </div><div id="a135530" style="position:absolute;left:688.56px;top:105.9px;">4,060</div><div id="a135532" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.5px;">Commingled funds measured at NAV </div><div id="a135536" style="position:absolute;left:402.92px;top:123.5px;">51,404</div><div id="a135549" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:141.6px;">Total U.S. pension<div style="display:inline-block;width:4.85px"> </div>plan assets </div><div id="a135551" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:142.7px;">$ </div><div id="a135553" style="position:absolute;left:396.2px;top:141.6px;">120,550</div><div id="a135579" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:177.6px;">Foreign Pension Assets </div><div id="a135592" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:195.2px;">Cash and cash equivalents </div><div id="a135594" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:196.3px;">$ </div><div id="a135596" style="position:absolute;left:409.48px;top:195.2px;">1,502</div><div id="a135599" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:196.3px;">$ </div><div id="a135601" style="position:absolute;left:502.6px;top:195.2px;">1,502</div><div id="a135604" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:196.3px;">$ </div><div id="a135606" style="position:absolute;left:612.4px;top:195.2px;">—</div><div id="a135609" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:196.3px;">$ </div><div id="a135611" style="position:absolute;left:705.36px;top:195.2px;">—</div><div id="a135613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:212.8px;">Insurance contract </div><div id="a135616" style="position:absolute;left:402.92px;top:212.8px;">92,657</div><div id="a135620" style="position:absolute;left:519.4px;top:212.8px;">—</div><div id="a135624" style="position:absolute;left:612.4px;top:212.8px;">—</div><div id="a135628" style="position:absolute;left:682px;top:212.8px;">92,657</div><div id="a135630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.4px;">Diversified equity securities - registered investment companies </div><div id="a135636" style="position:absolute;left:409.48px;top:230.4px;">8,604</div><div id="a135640" style="position:absolute;left:519.4px;top:230.4px;">—</div><div id="a135644" style="position:absolute;left:595.6px;top:230.4px;">8,604</div><div id="a135648" style="position:absolute;left:705.36px;top:230.4px;">—</div><div id="a135650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:248px;">Fixed income – foreign registered investment companies </div><div id="a135656" style="position:absolute;left:409.48px;top:248px;">3,021</div><div id="a135660" style="position:absolute;left:519.4px;top:248px;">—</div><div id="a135664" style="position:absolute;left:595.6px;top:248px;">3,021</div><div id="a135668" style="position:absolute;left:705.36px;top:248px;">—</div><div id="a135670" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:265.6px;">Fixed income government securities </div><div id="a135673" style="position:absolute;left:402.92px;top:265.6px;">32,512</div><div id="a135677" style="position:absolute;left:519.4px;top:265.6px;">—</div><div id="a135681" style="position:absolute;left:589.04px;top:265.6px;">32,512</div><div id="a135685" style="position:absolute;left:705.36px;top:265.6px;">—</div><div id="a135687" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:283.2px;">Real estate </div><div id="a135690" style="position:absolute;left:409.48px;top:283.2px;">5,521</div><div id="a135694" style="position:absolute;left:519.4px;top:283.2px;">—</div><div id="a135698" style="position:absolute;left:612.4px;top:283.2px;">—</div><div id="a135702" style="position:absolute;left:688.56px;top:283.2px;">5,521</div><div id="a135704" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300.8px;">Other - alternative investments </div><div id="a135710" style="position:absolute;left:409.48px;top:300.8px;">9,436</div><div id="a135714" style="position:absolute;left:519.4px;top:300.8px;">—</div><div id="a135718" style="position:absolute;left:612.4px;top:300.8px;">—</div><div id="a135722" style="position:absolute;left:688.56px;top:300.8px;">9,436</div><div id="a135725" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:318.8px;">Sub-total of foreign pension assets in fair value hierarchy </div><div id="a135729" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:319.6px;">$ </div><div id="a135731" style="position:absolute;left:396.2px;top:318.8px;">153,253</div><div id="a135734" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:319.6px;">$ </div><div id="a135736" style="position:absolute;left:502.6px;top:318.8px;">1,502</div><div id="a135739" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:319.6px;">$ </div><div id="a135741" style="position:absolute;left:589.04px;top:318.8px;">44,137</div><div id="a135744" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:319.6px;">$ </div><div id="a135746" style="position:absolute;left:675.28px;top:318.8px;">107,614</div><div id="a135748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:336.4px;">Commingled funds measured at NAV </div><div id="a135751" style="position:absolute;left:409.48px;top:336.4px;">2,037</div><div id="a135762" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.6px;">Diversified investment fund -<div style="display:inline-block;width:7.29px"> </div>registered investment </div><div id="a135779" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:371.2px;">companies measured at NAV </div><div id="a135782" style="position:absolute;left:402.92px;top:371.2px;">39,809</div><div id="a135795" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:389.6px;">Total foreign pension<div style="display:inline-block;width:4.84px"> </div>assets </div><div id="a135797" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:390.8px;">$ </div><div id="a135799" style="position:absolute;left:396.2px;top:389.6px;">195,099</div><div id="a135828" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:426.4px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets in fair value hierarchy </div><div id="a135830" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:427.6px;">$ </div><div id="a135832" style="position:absolute;left:396.2px;top:426.4px;">222,399</div><div id="a135835" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:427.6px;">$ </div><div id="a135837" style="position:absolute;left:502.6px;top:426.4px;">1,952</div><div id="a135840" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:427.6px;">$ </div><div id="a135842" style="position:absolute;left:582.32px;top:426.4px;">108,773</div><div id="a135845" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:427.6px;">$ </div><div id="a135847" style="position:absolute;left:675.28px;top:426.4px;">111,674</div><div id="a135852" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:446px;">Total pension<div style="display:inline-block;width:4.78px"> </div>assets measured at NAV </div><div id="a135857" style="position:absolute;left:402.92px;top:446px;">93,250</div><div id="a135871" style="position:absolute;font-weight:normal;font-style:normal;left:34.347px;top:463.3px;">Total pension<div style="display:inline-block;width:4.75px"> </div>assets </div><div id="a135873" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:464.4px;">$ </div><div id="a135875" style="position:absolute;left:396.2px;top:463.3px;">315,649</div></div> 0.10 0.58 0.32 0.90 0.36 0.64 0 0.06 0.04 1 1 1 0.37 0.33 0.34 0.53 0.45 0.45 0.10 0.22 0.21 1 1 1 0.35 0.51 0.14 As of December 31, 2020, the U.S. pension plan pooled separate accounts included approximately 61 percent of investments in equity securities and 39 percent of investments in fixed income securities. 0.62 0.19 0.19 69385000 0 69385000 0 4096000 0 0 4096000 73481000 0 69385000 4096000 73481000 634000 634000 0 0 112920000 0 0 112920000 8851000 0 8851000 0 3711000 0 3711000 0 37579000 0 37579000 0 5679000 0 0 5679000 10638000 0 0 10638000 180012000 634000 50141000 129237000 2368000 46409000 228789000 253493000 634000 119526000 133333000 48777000 302270000 450000 450000 0 0 64636000 0 64636000 0 4060000 0 0 4060000 69146000 450000 64636000 4060000 51404000 120550000 1502000 1502000 0 0 92657000 0 0 92657000 8604000 0 8604000 0 3021000 0 3021000 0 32512000 0 32512000 0 5521000 0 0 5521000 9436000 0 0 9436000 153253000 1502000 44137000 107614000 2037000 39809000 195099000 222399000 1952000 108773000 111674000 93250000 315649000 <div id="TextBlockContainer1173" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:640px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a136062" style="position:absolute;font-weight:bold;font-style:normal;left:286.541px;top:0px;">Insurance </div><div id="a136069" style="position:absolute;font-weight:bold;font-style:normal;left:468.808px;top:0px;">Alternative </div><div id="a136079" style="position:absolute;font-weight:bold;font-style:normal;left:289.581px;top:17.6px;">Contract </div><div id="a136083" style="position:absolute;font-weight:bold;font-style:normal;left:375.688px;top:17.6px;">Real Estate </div><div id="a136087" style="position:absolute;font-weight:bold;font-style:normal;left:466.568px;top:17.6px;">Investments </div><div id="a136091" style="position:absolute;font-weight:bold;font-style:normal;left:578.928px;top:17.6px;">Total </div><div id="a136095" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Balance as of December 31, 2018 </div><div id="a136098" style="position:absolute;font-weight:normal;font-style:normal;left:268.461px;top:35.2px;">$ </div><div id="a136100" style="position:absolute;left:311.021px;top:35.2px;">79,873</div><div id="a136104" style="position:absolute;left:410.568px;top:35.2px;">2,382</div><div id="a136108" style="position:absolute;left:520.328px;top:35.2px;">—</div><div id="a136111" style="position:absolute;font-weight:normal;font-style:normal;left:547.568px;top:35.2px;">$ </div><div id="a136113" style="position:absolute;left:590.128px;top:35.2px;">82,255</div><div id="a136118" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:52.8px;">Purchases </div><div id="a136121" style="position:absolute;left:317.581px;top:52.8px;">3,762</div><div id="a136126" style="position:absolute;left:427.368px;top:52.8px;">—</div><div id="a136130" style="position:absolute;left:503.528px;top:52.8px;">1,029</div><div id="a136134" style="position:absolute;left:596.688px;top:52.8px;">4,791</div><div id="a136139" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:70.4px;">Assets acquired in business combinations </div><div id="a136142" style="position:absolute;left:327.661px;top:70.4px;">129</div><div id="a136146" style="position:absolute;left:410.568px;top:70.4px;">7,058</div><div id="a136150" style="position:absolute;left:503.528px;top:70.4px;">8,914</div><div id="a136154" style="position:absolute;left:590.128px;top:70.4px;">16,101</div><div id="a136159" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:88px;">Sales </div><div id="a136162" style="position:absolute;left:334.381px;top:88px;">—</div><div id="a136166" style="position:absolute;left:415.688px;top:88px;">(238)</div><div id="a136170" style="position:absolute;left:508.648px;top:88px;">(278)</div><div id="a136174" style="position:absolute;left:601.808px;top:88px;">(516)</div><div id="a136179" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:105.6px;">Settlements </div><div id="a136182" style="position:absolute;left:312.781px;top:105.6px;">(1,730)</div><div id="a136186" style="position:absolute;left:427.368px;top:105.6px;">—</div><div id="a136190" style="position:absolute;left:520.328px;top:105.6px;">—</div><div id="a136194" style="position:absolute;left:591.888px;top:105.6px;">(1,730)</div><div id="a136199" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:123.2px;">Unrealized (losses) gains </div><div id="a136202" style="position:absolute;left:311.021px;top:123.2px;">12,199</div><div id="a136206" style="position:absolute;left:420.648px;top:123.2px;">403</div><div id="a136210" style="position:absolute;left:508.648px;top:123.2px;">(960)</div><div id="a136214" style="position:absolute;left:590.128px;top:123.2px;">11,642</div><div id="a136219" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:140.8px;">Currency translation adjustment </div><div id="a136222" style="position:absolute;left:312.781px;top:140.8px;">(1,576)</div><div id="a136226" style="position:absolute;left:422.408px;top:140.8px;">(24)</div><div id="a136230" style="position:absolute;left:513.608px;top:140.8px;">731</div><div id="a136234" style="position:absolute;left:601.808px;top:140.8px;">(869)</div><div id="a136238" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.4px;">Balance as of December 31, 2019 </div><div id="a136242" style="position:absolute;left:311.021px;top:158.4px;">92,657</div><div id="a136246" style="position:absolute;left:410.568px;top:158.4px;">9,581</div><div id="a136250" style="position:absolute;left:503.528px;top:158.4px;">9,436</div><div id="a136254" style="position:absolute;left:583.408px;top:158.4px;">111,674</div><div id="a136259" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:176px;">Purchases </div><div id="a136262" style="position:absolute;left:317.581px;top:176px;">3,902</div><div id="a136266" style="position:absolute;left:427.368px;top:176px;">18</div><div id="a136270" style="position:absolute;left:513.608px;top:176px;">989</div><div id="a136274" style="position:absolute;left:596.688px;top:176px;">4,909</div><div id="a136279" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:193.6px;">Settlements </div><div id="a136282" style="position:absolute;left:312.781px;top:193.6px;">(2,027)</div><div id="a136286" style="position:absolute;left:427.368px;top:193.6px;">—</div><div id="a136290" style="position:absolute;left:520.328px;top:193.6px;">—</div><div id="a136294" style="position:absolute;left:591.888px;top:193.6px;">(2,027)</div><div id="a136299" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:211.2px;">Unrealized gains (losses) </div><div id="a136302" style="position:absolute;left:317.581px;top:211.2px;">8,917</div><div id="a136306" style="position:absolute;left:422.408px;top:211.2px;">(16)</div><div id="a136310" style="position:absolute;left:508.648px;top:211.2px;">(171)</div><div id="a136314" style="position:absolute;left:596.688px;top:211.2px;">8,730</div><div id="a136319" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:228.8px;">Currency translation adjustment </div><div id="a136322" style="position:absolute;left:317.581px;top:228.8px;">9,471</div><div id="a136326" style="position:absolute;left:420.648px;top:228.8px;">192</div><div id="a136330" style="position:absolute;left:513.608px;top:228.8px;">384</div><div id="a136334" style="position:absolute;left:590.128px;top:228.8px;">10,047</div><div id="a136338" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:247.2px;">Balance as of December 31, 2020 </div><div id="a136341" style="position:absolute;font-weight:normal;font-style:normal;left:268.461px;top:247.2px;">$ </div><div id="a136343" style="position:absolute;left:304.301px;top:247.2px;">112,920</div><div id="a136346" style="position:absolute;font-weight:normal;font-style:normal;left:361.608px;top:247.2px;">$ </div><div id="a136348" style="position:absolute;left:410.568px;top:247.2px;">9,775</div><div id="a136351" style="position:absolute;font-weight:normal;font-style:normal;left:454.568px;top:247.2px;">$ </div><div id="a136353" style="position:absolute;left:496.968px;top:247.2px;">10,638</div><div id="a136356" style="position:absolute;font-weight:normal;font-style:normal;left:547.568px;top:247.2px;">$ </div><div id="a136358" style="position:absolute;left:583.408px;top:247.2px;">133,333</div></div> 79873000 2382000 0 82255000 3762000 0 1029000 4791000 129000 7058000 8914000 16101000 0 -238000 -278000 -516000 -1730000 0 0 -1730000 12199000 403000 -960000 11642000 -1576000 -24000 731000 -869000 92657000 9581000 9436000 111674000 3902000 18000 989000 4909000 -2027000 0 0 -2027000 8917000 -16000 -171000 8730000 9471000 192000 384000 10047000 112920000 112920000 9775000 10638000 133333000 1800000 1600000 22700000 2022-05-01 589000000 364000000 100000 0 <div id="TextBlockContainer1181" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:542px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a137922" style="position:absolute;font-weight:bold;font-style:normal;left:461.933px;top:0px;">Other Post- </div><div id="a137928" style="position:absolute;font-weight:bold;font-style:normal;left:262.227px;top:17.6px;">Pension Benefits </div><div id="a137931" style="position:absolute;font-weight:bold;font-style:normal;left:462.733px;top:17.6px;">Retirement </div><div id="a137936" style="position:absolute;font-weight:bold;font-style:normal;left:193.907px;top:35.2px;">Foreign </div><div id="a137939" style="position:absolute;font-weight:bold;font-style:normal;left:297.267px;top:35.2px;">U.S. </div><div id="a137942" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:35.2px;">Total </div><div id="a137945" style="position:absolute;font-weight:bold;font-style:normal;left:472.013px;top:35.2px;">Benefits </div><div id="a137949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">2021 </div><div id="a137951" style="position:absolute;font-weight:normal;font-style:normal;left:174.547px;top:52.8px;">$ </div><div id="a137953" style="position:absolute;left:223.507px;top:52.8px;">6,658</div><div id="a137956" style="position:absolute;font-weight:normal;font-style:normal;left:267.507px;top:52.8px;">$ </div><div id="a137958" style="position:absolute;left:316.493px;top:52.8px;">5,923</div><div id="a137961" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:52.8px;">$ </div><div id="a137963" style="position:absolute;left:403.053px;top:52.8px;">12,581</div><div id="a137966" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:52.8px;">$ </div><div id="a137968" style="position:absolute;left:512.693px;top:52.8px;">286</div><div id="a137972" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">2022 </div><div id="a137975" style="position:absolute;left:223.507px;top:70.4px;">6,939</div><div id="a137979" style="position:absolute;left:316.493px;top:70.4px;">5,298</div><div id="a137983" style="position:absolute;left:403.053px;top:70.4px;">12,237</div><div id="a137987" style="position:absolute;left:512.693px;top:70.4px;">278</div><div id="a137991" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88px;">2023 </div><div id="a137994" style="position:absolute;left:223.507px;top:88px;">7,024</div><div id="a137998" style="position:absolute;left:316.493px;top:88px;">6,072</div><div id="a138002" style="position:absolute;left:403.053px;top:88px;">13,096</div><div id="a138006" style="position:absolute;left:512.693px;top:88px;">265</div><div id="a138010" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:105.6px;">2024 </div><div id="a138013" style="position:absolute;left:223.507px;top:105.6px;">6,745</div><div id="a138017" style="position:absolute;left:316.493px;top:105.6px;">6,234</div><div id="a138021" style="position:absolute;left:403.053px;top:105.6px;">12,979</div><div id="a138025" style="position:absolute;left:512.693px;top:105.6px;">245</div><div id="a138029" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">2025 </div><div id="a138032" style="position:absolute;left:223.507px;top:123.2px;">7,394</div><div id="a138036" style="position:absolute;left:316.493px;top:123.2px;">6,228</div><div id="a138040" style="position:absolute;left:403.053px;top:123.2px;">13,622</div><div id="a138044" style="position:absolute;left:512.693px;top:123.2px;">226</div><div id="a138048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:140.8px;">2025 to 2029 </div><div id="a138051" style="position:absolute;left:216.947px;top:140.8px;">42,522</div><div id="a138055" style="position:absolute;left:309.933px;top:140.8px;">30,443</div><div id="a138059" style="position:absolute;left:403.053px;top:140.8px;">72,965</div><div id="a138063" style="position:absolute;left:512.693px;top:140.8px;">923</div></div> 6658000 5923000 12581000 286000 6939000 5298000 12237000 278000 7024000 6072000 13096000 265000 6745000 6234000 12979000 245000 7394000 6228000 13622000 226000 42522000 30443000 72965000 923000 2500000 1800000 1600000 5700000 4000000.0 3100000 <div id="TextBlockContainer1186" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:463px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138534" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 22 – Other Non-Current Liabilities </div><div id="a138549" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Other non-current liabilities as of December 31, 2020<div style="display:inline-block;width:4.82px"> </div>and 2019 were as follows:</div></div><div id="TextBlockContainer1190" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:543px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1188_XBRL_CS_5542b6386be84dbba580ab7ace02e36b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1189" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:543px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138580" style="position:absolute;font-weight:bold;font-style:normal;left:388.653px;top:0px;">2020 </div><div id="a138583" style="position:absolute;font-weight:bold;font-style:normal;left:481.653px;top:0px;">2019 </div><div id="a138587" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Inactive subsidiary litigation and settlement reserve </div><div id="a138589" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:17.3px;">$ </div><div id="a138591" style="position:absolute;left:420.653px;top:17.3px;">542</div><div id="a138593" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:17.3px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138595" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:17.3px;">$ </div><div id="a138597" style="position:absolute;left:497.013px;top:17.3px;">19,678</div><div id="a138601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Non-current income taxes payable </div><div id="a138606" style="position:absolute;left:410.573px;top:33.9px;">8,500</div><div id="a138610" style="position:absolute;left:503.573px;top:33.9px;">8,500</div><div id="a138614" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Uncertain tax positions (includes interest and penalties) </div><div id="a138616" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138618" style="position:absolute;left:404.013px;top:51px;">28,961</div><div id="a138620" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:51px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138622" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138624" style="position:absolute;left:497.013px;top:51px;">24,609</div><div id="a138628" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Fair value of interest rate swaps </div><div id="a138630" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138632" style="position:absolute;left:410.573px;top:68px;">4,672</div><div id="a138634" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138636" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138638" style="position:absolute;left:513.653px;top:68px;">415</div><div id="a138642" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Environmental reserves </div><div id="a138646" style="position:absolute;left:410.573px;top:85px;">4,610</div><div id="a138650" style="position:absolute;left:503.573px;top:85px;">5,259</div><div id="a138654" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Deferred and other long-term compensation </div><div id="a138659" style="position:absolute;left:410.573px;top:101.9px;">6,257</div><div id="a138663" style="position:absolute;left:503.573px;top:101.9px;">6,625</div><div id="a138667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Other </div><div id="a138670" style="position:absolute;left:410.573px;top:119px;">1,627</div><div id="a138674" style="position:absolute;left:503.573px;top:119px;">1,298</div><div id="a138678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.54px"> </div>non-current liabilities </div><div id="a138682" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:136.8px;">$ </div><div id="a138684" style="position:absolute;left:404.013px;top:136.8px;">55,169</div><div id="a138686" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:136.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138688" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:136.8px;">$ </div><div id="a138690" style="position:absolute;left:497.013px;top:136.8px;">66,384</div></div></div></div><div id="TextBlockContainer1192" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:711px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138693_1_130" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The line item Inactive subsidiary litigation and settlement<div style="display:inline-block;width:4.8px"> </div>reserve in the table above was previously titled Restricted insurance </div><div id="a138730" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">settlement and has been updated in the current year<div style="display:inline-block;width:4.74px"> </div>related to the December 2020 termination of restrictions on<div style="display:inline-block;width:4.82px"> </div>the previously </div><div id="a138770" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">restricted amounts, as described in Note 12 of Notes to<div style="display:inline-block;width:4.72px"> </div>Consolidated Financial Statements.</div></div> <div id="TextBlockContainer1189" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:543px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138580" style="position:absolute;font-weight:bold;font-style:normal;left:388.653px;top:0px;">2020 </div><div id="a138583" style="position:absolute;font-weight:bold;font-style:normal;left:481.653px;top:0px;">2019 </div><div id="a138587" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.3px;">Inactive subsidiary litigation and settlement reserve </div><div id="a138589" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:17.3px;">$ </div><div id="a138591" style="position:absolute;left:420.653px;top:17.3px;">542</div><div id="a138593" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:17.3px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138595" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:17.3px;">$ </div><div id="a138597" style="position:absolute;left:497.013px;top:17.3px;">19,678</div><div id="a138601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Non-current income taxes payable </div><div id="a138606" style="position:absolute;left:410.573px;top:33.9px;">8,500</div><div id="a138610" style="position:absolute;left:503.573px;top:33.9px;">8,500</div><div id="a138614" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Uncertain tax positions (includes interest and penalties) </div><div id="a138616" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138618" style="position:absolute;left:404.013px;top:51px;">28,961</div><div id="a138620" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:51px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138622" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:51px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138624" style="position:absolute;left:497.013px;top:51px;">24,609</div><div id="a138628" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Fair value of interest rate swaps </div><div id="a138630" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138632" style="position:absolute;left:410.573px;top:68px;">4,672</div><div id="a138634" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:68px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138636" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:68px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a138638" style="position:absolute;left:513.653px;top:68px;">415</div><div id="a138642" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Environmental reserves </div><div id="a138646" style="position:absolute;left:410.573px;top:85px;">4,610</div><div id="a138650" style="position:absolute;left:503.573px;top:85px;">5,259</div><div id="a138654" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Deferred and other long-term compensation </div><div id="a138659" style="position:absolute;left:410.573px;top:101.9px;">6,257</div><div id="a138663" style="position:absolute;left:503.573px;top:101.9px;">6,625</div><div id="a138667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Other </div><div id="a138670" style="position:absolute;left:410.573px;top:119px;">1,627</div><div id="a138674" style="position:absolute;left:503.573px;top:119px;">1,298</div><div id="a138678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136.8px;">Total other<div style="display:inline-block;width:4.54px"> </div>non-current liabilities </div><div id="a138682" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:136.8px;">$ </div><div id="a138684" style="position:absolute;left:404.013px;top:136.8px;">55,169</div><div id="a138686" style="position:absolute;font-weight:normal;font-style:normal;left:445.453px;top:136.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a138688" style="position:absolute;font-weight:normal;font-style:normal;left:453.453px;top:136.8px;">$ </div><div id="a138690" style="position:absolute;left:497.013px;top:136.8px;">66,384</div></div> 542000 19678000 8500000 8500000 28961000 24609000 4672000 415000 4610000 5259000 6257000 6625000 1627000 1298000 55169000 66384000 <div id="TextBlockContainer1194" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:208px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a138796" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 23 – Equity and Accumulated Other Comprehensive<div style="display:inline-block;width:4.95px"> </div>Loss</div><div id="a138813" style="position:absolute;font-weight:normal;font-style:normal;left:362.253px;top:0px;"> </div><div id="a138814" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company has </div><div id="a138814_16_10" style="position:absolute;left:128.933px;top:23.2px;">30,000,000</div><div id="a138814_26_56" style="position:absolute;font-weight:normal;font-style:normal;left:188.933px;top:23.2px;"><div style="display:inline-block;width:3.2px"> </div>shares of common stock authorized with a par value<div style="display:inline-block;width:4.61px"> </div>of $</div><div id="a138814_82_1" style="position:absolute;left:494.439px;top:23.2px;">1</div><div id="a138814_83_6" style="position:absolute;font-weight:normal;font-style:normal;left:501.159px;top:23.2px;">, and </div><div id="a138814_89_10" style="position:absolute;left:530.439px;top:23.2px;">17,850,616</div><div id="a138814_99_5" style="position:absolute;font-weight:normal;font-style:normal;left:590.479px;top:23.2px;"><div style="display:inline-block;width:3.36px"> </div>and </div><div id="a138814_104_10" style="position:absolute;left:616.399px;top:23.2px;">17,735,162</div><div id="a138814_114_8" style="position:absolute;font-weight:normal;font-style:normal;left:676.239px;top:23.2px;"><div style="display:inline-block;width:3.36px"> </div>shares </div><div id="a138854" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">issued and outstanding as of December 31, 2020<div style="display:inline-block;width:4.72px"> </div>and 2019, respectively.<div style="display:inline-block;width:7.96px"> </div>The change in shares issued and outstanding during 2020 </div><div id="a138895" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">was primarily related to </div><div id="a138895_25_6" style="position:absolute;left:134.853px;top:53.9px;-sec-ix-hidden:ID_663;">49,906</div><div id="a138895_31_54" style="position:absolute;font-weight:normal;font-style:normal;left:171.493px;top:53.9px;"><div style="display:inline-block;width:3.36px"> </div>shares issued for share-based compensation plans and </div><div id="a138895_85_6" style="position:absolute;left:464.84px;top:53.9px;-sec-ix-hidden:ID_665;">65,548</div><div id="a138895_91_41" style="position:absolute;font-weight:normal;font-style:normal;left:501.48px;top:53.9px;"><div style="display:inline-block;width:3.36px"> </div>shares issued for the exercise of stock </div><div id="a138937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">options and other share activity.<div style="display:inline-block;width:11.52px"> </div></div><div id="a138948" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:92.6px;">The Company is authorized to issue </div><div id="a138948_35_10" style="position:absolute;left:223.213px;top:92.6px;">10,000,000</div><div id="a138948_45_33" style="position:absolute;font-weight:normal;font-style:normal;left:283.373px;top:92.6px;"><div style="display:inline-block;width:3.36px"> </div>shares of preferred stock with $</div><div id="a138948_78_1" style="position:absolute;left:455.239px;top:92.6px;">1</div><div id="a138948_79_48" style="position:absolute;font-weight:normal;font-style:normal;left:461.959px;top:92.6px;"><div style="display:inline-block;width:3.2px"> </div>par value, subject to approval by the Board of </div><div id="a138993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.8px;">Directors.<div style="display:inline-block;width:6.98px"> </div>The Board of Directors may designate one or more series of preferred<div style="display:inline-block;width:5px"> </div>stock and the number of shares, rights, preferences, </div><div id="a139035" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.2px;">and limitations of each series.<div style="display:inline-block;width:7.42px"> </div>As of December 31, 2020, no preferred stock had been issued. </div><div id="a139068" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:146.6px;">The Company has a share repurchase program that was approved<div style="display:inline-block;width:5.01px"> </div>by its Board of Directors in 2015 for the repurchase of up to </div><div id="a139114" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.9px;">$</div><div id="a139114_1_5" style="position:absolute;left:11.147px;top:161.9px;">100.0</div><div id="a139114_6_120" style="position:absolute;font-weight:normal;font-style:normal;left:41.259px;top:161.9px;"><div style="display:inline-block;width:3.36px"> </div>million of Quaker Chemical Corporation common stock.<div style="display:inline-block;width:7.99px"> </div>The Company has not repurchased any shares under the program<div style="display:inline-block;width:4.71px"> </div>for </div><div id="a139152" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.3px;">the years ended December 31, 2020, 2019 and 2018.<div style="display:inline-block;width:8.1px"> </div>As of December 31, 2020, there was approximately $</div><div id="a139152_101_4" style="position:absolute;left:576.879px;top:177.3px;">86.9</div><div id="a139152_105_19" style="position:absolute;font-weight:normal;font-style:normal;left:600.239px;top:177.3px;"><div style="display:inline-block;width:3.36px"> </div>million of common </div><div id="a139197" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192.6px;">stock remaining to be purchased under this share repurchase<div style="display:inline-block;width:4.79px"> </div>program.</div></div><div id="TextBlockContainer1196" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:706px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139267" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following table shows the reclassifications from and<div style="display:inline-block;width:4.68px"> </div>resulting balances of AOCI for the years ended December<div style="display:inline-block;width:4.76px"> </div>31, 2020, </div><div id="a139306" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">2019 and 2018:</div></div><div id="TextBlockContainer1200" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:341px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1198_XBRL_TS_4b4f22ff51b443208de95cfbb6837a56" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1199" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:341px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139318" style="position:absolute;font-weight:bold;font-style:normal;left:379.853px;top:0px;">Defined </div><div id="a139321" style="position:absolute;font-weight:bold;font-style:normal;left:464.04px;top:1.8px;">Unrealized </div><div id="a139322" style="position:absolute;font-weight:bold;font-style:normal;left:454.6px;top:17px;">Gain (Loss) in </div><div id="a139333" style="position:absolute;font-weight:bold;font-style:normal;left:281.613px;top:17px;">Currency </div><div id="a139336" style="position:absolute;font-weight:bold;font-style:normal;left:381.613px;top:17px;">Benefit </div><div id="a139348" style="position:absolute;font-weight:bold;font-style:normal;left:275.693px;top:34.1px;">Translation </div><div id="a139351" style="position:absolute;font-weight:bold;font-style:normal;left:379.853px;top:34.1px;">Pension </div><div id="a139354" style="position:absolute;font-weight:bold;font-style:normal;left:455.08px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a139361" style="position:absolute;font-weight:bold;font-style:normal;left:563.4px;top:34.1px;">Derivative </div><div id="a139369" style="position:absolute;font-weight:bold;font-style:normal;left:272.813px;top:52px;">Adjustments </div><div id="a139372" style="position:absolute;font-weight:bold;font-style:normal;left:386.413px;top:52px;">Plans </div><div id="a139375" style="position:absolute;font-weight:bold;font-style:normal;left:457.8px;top:52px;">Sale Securities </div><div id="a139378" style="position:absolute;font-weight:bold;font-style:normal;left:558.28px;top:52px;">Instruments </div><div id="a139381" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:52px;">Total </div><div id="a139383" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:69px;">Balance as of December 31, 2017 </div><div id="a139386" style="position:absolute;font-weight:normal;font-style:normal;left:267.533px;top:69px;">$ </div><div id="a139388" style="position:absolute;left:304.973px;top:69px;">(31,893)</div><div id="a139391" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:69px;">$ </div><div id="a139393" style="position:absolute;left:397.96px;top:69px;">(34,093)</div><div id="a139396" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:69px;">$ </div><div id="a139398" style="position:absolute;left:512.68px;top:69px;">886</div><div id="a139401" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:69px;">$ </div><div id="a139403" style="position:absolute;left:612.4px;top:69px;">—</div><div id="a139406" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:69px;">$ </div><div id="a139408" style="position:absolute;left:677.04px;top:69px;">(65,100)</div><div id="a139411" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:86.1px;">Other comprehensive (loss) income before </div><div id="a139429" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:103px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139433" style="position:absolute;left:304.973px;top:103px;">(17,429)</div><div id="a139437" style="position:absolute;left:409.48px;top:103px;">1,543</div><div id="a139441" style="position:absolute;left:497.8px;top:103px;">(2,622)</div><div id="a139445" style="position:absolute;left:612.4px;top:103px;">—</div><div id="a139449" style="position:absolute;left:677.04px;top:103px;">(18,508)</div><div id="a139452" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:120px;">Amounts reclassified from AOCI </div><div id="a139455" style="position:absolute;left:333.293px;top:120px;">—</div><div id="a139459" style="position:absolute;left:409.48px;top:120px;">3,085</div><div id="a139463" style="position:absolute;left:512.68px;top:120px;">435</div><div id="a139467" style="position:absolute;left:612.4px;top:120px;">—</div><div id="a139471" style="position:absolute;left:688.56px;top:120px;">3,520</div><div id="a139474" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:137px;">Related tax amounts </div><div id="a139477" style="position:absolute;left:333.293px;top:137px;">—</div><div id="a139481" style="position:absolute;left:404.68px;top:137px;">(1,086)</div><div id="a139485" style="position:absolute;left:512.68px;top:137px;">459</div><div id="a139489" style="position:absolute;left:612.4px;top:137px;">—</div><div id="a139493" style="position:absolute;left:693.68px;top:137px;">(627)</div><div id="a139495" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:154.1px;">Balance as of December 31, 2018 </div><div id="a139498" style="position:absolute;left:304.973px;top:154.1px;">(49,322)</div><div id="a139502" style="position:absolute;left:397.96px;top:154.1px;">(30,551)</div><div id="a139506" style="position:absolute;left:507.72px;top:154.1px;">(842)</div><div id="a139510" style="position:absolute;left:612.4px;top:154.1px;">—</div><div id="a139514" style="position:absolute;left:677.04px;top:154.1px;">(80,715)</div><div id="a139517" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:171px;">Other comprehensive income (loss) before </div><div id="a139536" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:188px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139540" style="position:absolute;left:316.493px;top:188px;">4,754</div><div id="a139544" style="position:absolute;left:404.68px;top:188px;">(8,088)</div><div id="a139548" style="position:absolute;left:502.6px;top:188px;">2,951</div><div id="a139552" style="position:absolute;left:600.72px;top:188px;">(415)</div><div id="a139556" style="position:absolute;left:693.68px;top:188px;">(798)</div><div id="a139559" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:205px;">Amounts reclassified from AOCI </div><div id="a139562" style="position:absolute;left:333.293px;top:205px;">—</div><div id="a139566" style="position:absolute;left:409.48px;top:205px;">3,169</div><div id="a139570" style="position:absolute;left:507.72px;top:205px;">(301)</div><div id="a139574" style="position:absolute;left:612.4px;top:205px;">—</div><div id="a139578" style="position:absolute;left:688.56px;top:205px;">2,868</div><div id="a139581" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:222.1px;">Related tax amounts </div><div id="a139584" style="position:absolute;left:333.293px;top:222.1px;">—</div><div id="a139588" style="position:absolute;left:419.56px;top:222.1px;">937</div><div id="a139592" style="position:absolute;left:507.72px;top:222.1px;">(557)</div><div id="a139596" style="position:absolute;left:612.4px;top:222.1px;">95</div><div id="a139600" style="position:absolute;left:698.64px;top:222.1px;">475</div><div id="a139602" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:239.1px;">Balance as of December 31, 2019 </div><div id="a139605" style="position:absolute;left:304.973px;top:239.1px;">(44,568)</div><div id="a139609" style="position:absolute;left:397.96px;top:239.1px;">(34,533)</div><div id="a139613" style="position:absolute;left:502.6px;top:239.1px;">1,251</div><div id="a139617" style="position:absolute;left:600.72px;top:239.1px;">(320)</div><div id="a139621" style="position:absolute;left:677.04px;top:239.1px;">(78,170)</div><div id="a139624" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:256px;">Other comprehensive income (loss) before </div><div id="a139643" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:273px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139647" style="position:absolute;left:309.933px;top:273px;">41,693</div><div id="a139651" style="position:absolute;left:404.68px;top:273px;">(6,617)</div><div id="a139655" style="position:absolute;left:502.6px;top:273px;">2,848</div><div id="a139659" style="position:absolute;left:590.8px;top:273px;">(4,257)</div><div id="a139663" style="position:absolute;left:682px;top:273px;">33,667</div><div id="a139666" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:290.1px;">Amounts reclassified from AOCI </div><div id="a139669" style="position:absolute;left:333.293px;top:290.1px;">—</div><div id="a139673" style="position:absolute;left:402.92px;top:290.1px;">24,141</div><div id="a139677" style="position:absolute;left:507.72px;top:290.1px;">(202)</div><div id="a139681" style="position:absolute;left:612.4px;top:290.1px;">—</div><div id="a139685" style="position:absolute;left:682px;top:290.1px;">23,939</div><div id="a139688" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:307.1px;">Related tax amounts </div><div id="a139691" style="position:absolute;left:333.293px;top:307.1px;">—</div><div id="a139695" style="position:absolute;left:404.68px;top:307.1px;">(6,458)</div><div id="a139699" style="position:absolute;left:507.72px;top:307.1px;">(555)</div><div id="a139703" style="position:absolute;left:605.68px;top:307.1px;">979</div><div id="a139707" style="position:absolute;left:683.76px;top:307.1px;">(6,034)</div><div id="a139709" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:325px;">Balance as of December 31, 2020 </div><div id="a139711" style="position:absolute;font-weight:normal;font-style:normal;left:267.533px;top:325px;">$ </div><div id="a139713" style="position:absolute;left:311.693px;top:325px;">(2,875)</div><div id="a139716" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:325px;">$ </div><div id="a139718" style="position:absolute;left:397.96px;top:325px;">(23,467)</div><div id="a139721" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:325px;">$ </div><div id="a139723" style="position:absolute;left:502.6px;top:325px;">3,342</div><div id="a139726" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:325px;">$ </div><div id="a139728" style="position:absolute;left:590.8px;top:325px;">(3,598)</div><div id="a139731" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:325px;">$ </div><div id="a139733" style="position:absolute;left:677.04px;top:325px;">(26,598)</div></div></div></div><div id="TextBlockContainer1202" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:712px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139735" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">All reclassifications related to unrealized gain (loss) in<div style="display:inline-block;width:4.73px"> </div>available-for-sale securities relate to the Company’s<div style="display:inline-block;width:5.42px"> </div>equity interest in a </div><div id="a139776" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">captive insurance company and are recorded in equity<div style="display:inline-block;width:4.77px"> </div>in net income of associated companies.<div style="display:inline-block;width:7.56px"> </div>The amounts reported in other </div><div id="a139814" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">comprehensive income for non-controlling interest are<div style="display:inline-block;width:4.67px"> </div>related to currency translation adjustments.</div></div> 30000000 1 17850616 17735162 10000000 1 100000000.0 86900000 <div id="TextBlockContainer1199" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:341px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139318" style="position:absolute;font-weight:bold;font-style:normal;left:379.853px;top:0px;">Defined </div><div id="a139321" style="position:absolute;font-weight:bold;font-style:normal;left:464.04px;top:1.8px;">Unrealized </div><div id="a139322" style="position:absolute;font-weight:bold;font-style:normal;left:454.6px;top:17px;">Gain (Loss) in </div><div id="a139333" style="position:absolute;font-weight:bold;font-style:normal;left:281.613px;top:17px;">Currency </div><div id="a139336" style="position:absolute;font-weight:bold;font-style:normal;left:381.613px;top:17px;">Benefit </div><div id="a139348" style="position:absolute;font-weight:bold;font-style:normal;left:275.693px;top:34.1px;">Translation </div><div id="a139351" style="position:absolute;font-weight:bold;font-style:normal;left:379.853px;top:34.1px;">Pension </div><div id="a139354" style="position:absolute;font-weight:bold;font-style:normal;left:455.08px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a139361" style="position:absolute;font-weight:bold;font-style:normal;left:563.4px;top:34.1px;">Derivative </div><div id="a139369" style="position:absolute;font-weight:bold;font-style:normal;left:272.813px;top:52px;">Adjustments </div><div id="a139372" style="position:absolute;font-weight:bold;font-style:normal;left:386.413px;top:52px;">Plans </div><div id="a139375" style="position:absolute;font-weight:bold;font-style:normal;left:457.8px;top:52px;">Sale Securities </div><div id="a139378" style="position:absolute;font-weight:bold;font-style:normal;left:558.28px;top:52px;">Instruments </div><div id="a139381" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:52px;">Total </div><div id="a139383" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:69px;">Balance as of December 31, 2017 </div><div id="a139386" style="position:absolute;font-weight:normal;font-style:normal;left:267.533px;top:69px;">$ </div><div id="a139388" style="position:absolute;left:304.973px;top:69px;">(31,893)</div><div id="a139391" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:69px;">$ </div><div id="a139393" style="position:absolute;left:397.96px;top:69px;">(34,093)</div><div id="a139396" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:69px;">$ </div><div id="a139398" style="position:absolute;left:512.68px;top:69px;">886</div><div id="a139401" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:69px;">$ </div><div id="a139403" style="position:absolute;left:612.4px;top:69px;">—</div><div id="a139406" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:69px;">$ </div><div id="a139408" style="position:absolute;left:677.04px;top:69px;">(65,100)</div><div id="a139411" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:86.1px;">Other comprehensive (loss) income before </div><div id="a139429" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:103px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139433" style="position:absolute;left:304.973px;top:103px;">(17,429)</div><div id="a139437" style="position:absolute;left:409.48px;top:103px;">1,543</div><div id="a139441" style="position:absolute;left:497.8px;top:103px;">(2,622)</div><div id="a139445" style="position:absolute;left:612.4px;top:103px;">—</div><div id="a139449" style="position:absolute;left:677.04px;top:103px;">(18,508)</div><div id="a139452" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:120px;">Amounts reclassified from AOCI </div><div id="a139455" style="position:absolute;left:333.293px;top:120px;">—</div><div id="a139459" style="position:absolute;left:409.48px;top:120px;">3,085</div><div id="a139463" style="position:absolute;left:512.68px;top:120px;">435</div><div id="a139467" style="position:absolute;left:612.4px;top:120px;">—</div><div id="a139471" style="position:absolute;left:688.56px;top:120px;">3,520</div><div id="a139474" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:137px;">Related tax amounts </div><div id="a139477" style="position:absolute;left:333.293px;top:137px;">—</div><div id="a139481" style="position:absolute;left:404.68px;top:137px;">(1,086)</div><div id="a139485" style="position:absolute;left:512.68px;top:137px;">459</div><div id="a139489" style="position:absolute;left:612.4px;top:137px;">—</div><div id="a139493" style="position:absolute;left:693.68px;top:137px;">(627)</div><div id="a139495" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:154.1px;">Balance as of December 31, 2018 </div><div id="a139498" style="position:absolute;left:304.973px;top:154.1px;">(49,322)</div><div id="a139502" style="position:absolute;left:397.96px;top:154.1px;">(30,551)</div><div id="a139506" style="position:absolute;left:507.72px;top:154.1px;">(842)</div><div id="a139510" style="position:absolute;left:612.4px;top:154.1px;">—</div><div id="a139514" style="position:absolute;left:677.04px;top:154.1px;">(80,715)</div><div id="a139517" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:171px;">Other comprehensive income (loss) before </div><div id="a139536" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:188px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139540" style="position:absolute;left:316.493px;top:188px;">4,754</div><div id="a139544" style="position:absolute;left:404.68px;top:188px;">(8,088)</div><div id="a139548" style="position:absolute;left:502.6px;top:188px;">2,951</div><div id="a139552" style="position:absolute;left:600.72px;top:188px;">(415)</div><div id="a139556" style="position:absolute;left:693.68px;top:188px;">(798)</div><div id="a139559" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:205px;">Amounts reclassified from AOCI </div><div id="a139562" style="position:absolute;left:333.293px;top:205px;">—</div><div id="a139566" style="position:absolute;left:409.48px;top:205px;">3,169</div><div id="a139570" style="position:absolute;left:507.72px;top:205px;">(301)</div><div id="a139574" style="position:absolute;left:612.4px;top:205px;">—</div><div id="a139578" style="position:absolute;left:688.56px;top:205px;">2,868</div><div id="a139581" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:222.1px;">Related tax amounts </div><div id="a139584" style="position:absolute;left:333.293px;top:222.1px;">—</div><div id="a139588" style="position:absolute;left:419.56px;top:222.1px;">937</div><div id="a139592" style="position:absolute;left:507.72px;top:222.1px;">(557)</div><div id="a139596" style="position:absolute;left:612.4px;top:222.1px;">95</div><div id="a139600" style="position:absolute;left:698.64px;top:222.1px;">475</div><div id="a139602" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:239.1px;">Balance as of December 31, 2019 </div><div id="a139605" style="position:absolute;left:304.973px;top:239.1px;">(44,568)</div><div id="a139609" style="position:absolute;left:397.96px;top:239.1px;">(34,533)</div><div id="a139613" style="position:absolute;left:502.6px;top:239.1px;">1,251</div><div id="a139617" style="position:absolute;left:600.72px;top:239.1px;">(320)</div><div id="a139621" style="position:absolute;left:677.04px;top:239.1px;">(78,170)</div><div id="a139624" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:256px;">Other comprehensive income (loss) before </div><div id="a139643" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:273px;"><div style="display:inline-block;width:3.36px"> </div>reclassifications </div><div id="a139647" style="position:absolute;left:309.933px;top:273px;">41,693</div><div id="a139651" style="position:absolute;left:404.68px;top:273px;">(6,617)</div><div id="a139655" style="position:absolute;left:502.6px;top:273px;">2,848</div><div id="a139659" style="position:absolute;left:590.8px;top:273px;">(4,257)</div><div id="a139663" style="position:absolute;left:682px;top:273px;">33,667</div><div id="a139666" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:290.1px;">Amounts reclassified from AOCI </div><div id="a139669" style="position:absolute;left:333.293px;top:290.1px;">—</div><div id="a139673" style="position:absolute;left:402.92px;top:290.1px;">24,141</div><div id="a139677" style="position:absolute;left:507.72px;top:290.1px;">(202)</div><div id="a139681" style="position:absolute;left:612.4px;top:290.1px;">—</div><div id="a139685" style="position:absolute;left:682px;top:290.1px;">23,939</div><div id="a139688" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:307.1px;">Related tax amounts </div><div id="a139691" style="position:absolute;left:333.293px;top:307.1px;">—</div><div id="a139695" style="position:absolute;left:404.68px;top:307.1px;">(6,458)</div><div id="a139699" style="position:absolute;left:507.72px;top:307.1px;">(555)</div><div id="a139703" style="position:absolute;left:605.68px;top:307.1px;">979</div><div id="a139707" style="position:absolute;left:683.76px;top:307.1px;">(6,034)</div><div id="a139709" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:325px;">Balance as of December 31, 2020 </div><div id="a139711" style="position:absolute;font-weight:normal;font-style:normal;left:267.533px;top:325px;">$ </div><div id="a139713" style="position:absolute;left:311.693px;top:325px;">(2,875)</div><div id="a139716" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:325px;">$ </div><div id="a139718" style="position:absolute;left:397.96px;top:325px;">(23,467)</div><div id="a139721" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:325px;">$ </div><div id="a139723" style="position:absolute;left:502.6px;top:325px;">3,342</div><div id="a139726" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:325px;">$ </div><div id="a139728" style="position:absolute;left:590.8px;top:325px;">(3,598)</div><div id="a139731" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:325px;">$ </div><div id="a139733" style="position:absolute;left:677.04px;top:325px;">(26,598)</div></div> -31893000 -34093000 886000 0 -65100000 -17429000 1543000 -2622000 0 -18508000 0 3085000 435000 0 3520000 0 -1086000 459000 0 -627000 -49322000 -30551000 -842000 0 -80715000 4754000 -8088000 2951000 -415000 -798000 0 3169000 -301000 0 2868000 0 937000 -557000 95000 475000 -44568000 -34533000 1251000 -320000 -78170000 41693000 -6617000 2848000 -4257000 33667000 0 24141000 -202000 0 23939000 0 -6458000 -555000 979000 -6034000 -2875000 -23467000 3342000 -3598000 -26598000 <div id="TextBlockContainer1204" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:674px;height:54px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139838" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 24 – Fair Value<div style="display:inline-block;width:5.24px"> </div>Measures<div style="display:inline-block;width:3.58px"> </div></div><div id="a139851" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company has valued its company-owned life insurance<div style="display:inline-block;width:4.69px"> </div>policies at fair value.<div style="display:inline-block;width:7.23px"> </div>These assets are subject to fair value </div><div id="a139893" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">measurement as follows:</div></div><div id="TextBlockContainer1208" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1206_XBRL_CS_30a5209112d448d1930e60d1ca7a6e49" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1207" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139905" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a139910" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17px;">Total </div><div id="a139913" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17px;">Using Fair Value<div style="display:inline-block;width:4.93px"> </div>Hierarchy </div><div id="a139916" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.4px;">Assets </div><div id="a139918" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:34.4px;">Fair Value </div><div id="a139921" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:34.4px;">Level 1 </div><div id="a139924" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:34.4px;">Level 2 </div><div id="a139927" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:34.4px;">Level 3 </div><div id="a139929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a139933" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51.4px;">$ </div><div id="a139935" style="position:absolute;left:409.48px;top:51.4px;">1,961</div><div id="a139938" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.4px;">$ </div><div id="a139940" style="position:absolute;left:519.4px;top:51.4px;">—</div><div id="a139943" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.4px;">$ </div><div id="a139945" style="position:absolute;left:595.6px;top:51.4px;">1,961</div><div id="a139948" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.4px;">$ </div><div id="a139950" style="position:absolute;left:705.36px;top:51.4px;">—</div><div id="a139952" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Total </div><div id="a139954" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:68.8px;">$ </div><div id="a139956" style="position:absolute;left:409.48px;top:68.8px;">1,961</div><div id="a139959" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:68.8px;">$ </div><div id="a139961" style="position:absolute;left:519.4px;top:68.8px;">—</div><div id="a139964" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:68.8px;">$ </div><div id="a139966" style="position:absolute;left:595.6px;top:68.8px;">1,961</div><div id="a139969" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:68.8px;">$ </div><div id="a139971" style="position:absolute;left:705.36px;top:68.8px;">—</div></div></div></div><div id="TextBlockContainer1211" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:87px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139979" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2019 </div><div id="a139984" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.6px;">Total </div><div id="a139987" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.6px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a139989" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.5px;">Assets </div><div id="a139991" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:35.5px;">Fair Value </div><div id="a139994" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:35.5px;">Level 1 </div><div id="a139997" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:35.5px;">Level 2 </div><div id="a140000" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:35.5px;">Level 3 </div><div id="a140002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a140006" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:53.1px;">$ </div><div id="a140008" style="position:absolute;left:413.48px;top:53.1px;">1,782</div><div id="a140011" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.1px;">$ </div><div id="a140013" style="position:absolute;left:523.4px;top:53.1px;">—</div><div id="a140016" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.1px;">$ </div><div id="a140018" style="position:absolute;left:599.6px;top:53.1px;">1,782</div><div id="a140021" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.1px;">$ </div><div id="a140023" style="position:absolute;left:709.36px;top:53.1px;">—</div><div id="a140025" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:71.2px;">Total </div><div id="a140027" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:71.2px;">$ </div><div id="a140029" style="position:absolute;left:413.48px;top:71.2px;">1,782</div><div id="a140032" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:71.2px;">$ </div><div id="a140034" style="position:absolute;left:523.4px;top:71.2px;">—</div><div id="a140037" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:71.2px;">$ </div><div id="a140039" style="position:absolute;left:599.6px;top:71.2px;">1,782</div><div id="a140042" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:71.2px;">$ </div><div id="a140044" style="position:absolute;left:709.36px;top:71.2px;">—</div></div><div id="TextBlockContainer1214" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140046" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair values of Company-owned life insurance assets are based<div style="display:inline-block;width:4.81px"> </div>on quotes for like instruments with similar credit ratings and </div><div id="a140088" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">terms.<div style="display:inline-block;width:6.89px"> </div>The Company did not hold any Level 3 investments as of December<div style="display:inline-block;width:4.89px"> </div>31, 2020 or 2019,<div style="display:inline-block;width:3.7px"> </div>respectively, so<div style="display:inline-block;width:4.7px"> </div>related disclosures have </div><div id="a140135" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">not been included.</div></div> <div id="TextBlockContainer1207" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139905" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a139910" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17px;">Total </div><div id="a139913" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17px;">Using Fair Value<div style="display:inline-block;width:4.93px"> </div>Hierarchy </div><div id="a139916" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.4px;">Assets </div><div id="a139918" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:34.4px;">Fair Value </div><div id="a139921" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:34.4px;">Level 1 </div><div id="a139924" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:34.4px;">Level 2 </div><div id="a139927" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:34.4px;">Level 3 </div><div id="a139929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a139933" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:51.4px;">$ </div><div id="a139935" style="position:absolute;left:409.48px;top:51.4px;">1,961</div><div id="a139938" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.4px;">$ </div><div id="a139940" style="position:absolute;left:519.4px;top:51.4px;">—</div><div id="a139943" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.4px;">$ </div><div id="a139945" style="position:absolute;left:595.6px;top:51.4px;">1,961</div><div id="a139948" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.4px;">$ </div><div id="a139950" style="position:absolute;left:705.36px;top:51.4px;">—</div><div id="a139952" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">Total </div><div id="a139954" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:68.8px;">$ </div><div id="a139956" style="position:absolute;left:409.48px;top:68.8px;">1,961</div><div id="a139959" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:68.8px;">$ </div><div id="a139961" style="position:absolute;left:519.4px;top:68.8px;">—</div><div id="a139964" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:68.8px;">$ </div><div id="a139966" style="position:absolute;left:595.6px;top:68.8px;">1,961</div><div id="a139969" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:68.8px;">$ </div><div id="a139971" style="position:absolute;left:705.36px;top:68.8px;">—</div></div><div id="TextBlockContainer1212" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:87px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1210_XBRL_CS_3d473968a24648f3a76e58b8f0342e4e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1211" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:87px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a139979" style="position:absolute;font-weight:bold;font-style:normal;left:447.24px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2019 </div><div id="a139984" style="position:absolute;font-weight:bold;font-style:normal;left:386.893px;top:17.6px;">Total </div><div id="a139987" style="position:absolute;font-weight:bold;font-style:normal;left:508.52px;top:17.6px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a139989" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.5px;">Assets </div><div id="a139991" style="position:absolute;font-weight:bold;font-style:normal;left:371.533px;top:35.5px;">Fair Value </div><div id="a139994" style="position:absolute;font-weight:bold;font-style:normal;left:474.44px;top:35.5px;">Level 1 </div><div id="a139997" style="position:absolute;font-weight:bold;font-style:normal;left:567.4px;top:35.5px;">Level 2 </div><div id="a140000" style="position:absolute;font-weight:bold;font-style:normal;left:660.56px;top:35.5px;">Level 3 </div><div id="a140002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a140006" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:53.1px;">$ </div><div id="a140008" style="position:absolute;left:413.48px;top:53.1px;">1,782</div><div id="a140011" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.1px;">$ </div><div id="a140013" style="position:absolute;left:523.4px;top:53.1px;">—</div><div id="a140016" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.1px;">$ </div><div id="a140018" style="position:absolute;left:599.6px;top:53.1px;">1,782</div><div id="a140021" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.1px;">$ </div><div id="a140023" style="position:absolute;left:709.36px;top:53.1px;">—</div><div id="a140025" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:71.2px;">Total </div><div id="a140027" style="position:absolute;font-weight:normal;font-style:normal;left:360.493px;top:71.2px;">$ </div><div id="a140029" style="position:absolute;left:413.48px;top:71.2px;">1,782</div><div id="a140032" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:71.2px;">$ </div><div id="a140034" style="position:absolute;left:523.4px;top:71.2px;">—</div><div id="a140037" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:71.2px;">$ </div><div id="a140039" style="position:absolute;left:599.6px;top:71.2px;">1,782</div><div id="a140042" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:71.2px;">$ </div><div id="a140044" style="position:absolute;left:709.36px;top:71.2px;">—</div></div></div></div> 1961000 0 1961000 0 1961000 0 1961000 0 1782000 0 1782000 0 1782000 0 1782000 0 <div id="TextBlockContainer1216" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140191" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 25 – Hedging Activities </div><div id="a140201" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">In order to satisfy certain requirements of the Credit<div style="display:inline-block;width:4.78px"> </div>Facility as well as to manage the Company’s<div style="display:inline-block;width:4.96px"> </div>exposure to variable interest </div><div id="a140243" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">rate risk associated with the Credit Facility,<div style="display:inline-block;width:5.22px"> </div>in November 2019, the Company entered into $</div><div id="a140243_91_5" style="position:absolute;left:494.759px;top:38.7px;">170.0</div><div id="a140243_96_35" style="position:absolute;font-weight:normal;font-style:normal;left:524.839px;top:38.7px;"><div style="display:inline-block;width:3.36px"> </div>million notional amounts of three-</div><div id="a140283" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">year interest rate swaps.<div style="display:inline-block;width:7.33px"> </div>See Note 20 of Notes to Consolidated Financial Statements.<div style="display:inline-block;width:7.85px"> </div>These interest rate swaps are designated as cash </div><div id="a140325" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">flow hedges and, as such, the contracts are marked-to-market<div style="display:inline-block;width:4.76px"> </div>at each reporting date and any unrealized gains or losses are included<div style="display:inline-block;width:5.07px"> </div>in </div><div id="a140374" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">AOCI to the extent effective and reclassified<div style="display:inline-block;width:4.76px"> </div>to interest expense in the period during which the transaction<div style="display:inline-block;width:4.87px"> </div>effects earnings or it </div><div id="a140416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">becomes probable that the forecasted transaction will not occur.<div style="display:inline-block;width:8.96px"> </div>The Company did not utilize derivatives designated as cash flow </div><div id="a140455" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">hedges during the year ended December 31, 2018. </div><div id="a140471" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:138.7px;">The balance sheet classification and fair values of the<div style="display:inline-block;width:4.79px"> </div>Company’s derivative instruments,<div style="display:inline-block;width:4.74px"> </div>which are Level 2 measurements, are as </div><div id="a140510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">follows:</div></div><div id="TextBlockContainer1220" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1218_XBRL_TS_8dc8f2b3f7dd43278583a2f3509e7faf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1219" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140518" style="position:absolute;font-weight:bold;font-style:normal;left:572.88px;top:0px;">Fair Value </div><div id="a140525" style="position:absolute;font-weight:bold;font-style:normal;left:316.493px;top:17.3px;">Consolidated Balance Sheet </div><div id="a140528" style="position:absolute;font-weight:bold;font-style:normal;left:564.56px;top:17.3px;">December 31, </div><div id="a140534" style="position:absolute;font-weight:bold;font-style:normal;left:379.24px;top:34.2px;">Location </div><div id="a140537" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:34.2px;">2020 </div><div id="a140540" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:34.2px;">2019 </div><div id="a140544" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.2px;">Derivatives designated as cash flow hedges: </div><div id="a140557" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68px;">Interest rate swaps </div><div id="a140559" style="position:absolute;font-weight:normal;font-style:normal;left:306.413px;top:68px;">Other non-current liabilities </div><div id="a140564" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:68px;">$ </div><div id="a140566" style="position:absolute;left:564.56px;top:68px;">4,672</div><div id="a140569" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:68px;">$ </div><div id="a140571" style="position:absolute;left:669.52px;top:68px;">415</div><div id="a140580" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:85.8px;">$ </div><div id="a140582" style="position:absolute;left:564.56px;top:85.8px;">4,672</div><div id="a140585" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:85.8px;">$ </div><div id="a140587" style="position:absolute;left:669.52px;top:85.8px;">415</div></div></div></div><div id="TextBlockContainer1222" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:389px;height:16px;display:inline-block;"><div id="a140590" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the net unrealized loss deferred to<div style="display:inline-block;width:4.8px"> </div>AOCI:</div></div><div id="TextBlockContainer1225" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140619" style="position:absolute;font-weight:bold;font-style:normal;left:564.56px;top:0px;">December 31, </div><div id="a140628" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:17.3px;">2020 </div><div id="a140631" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:17.3px;">2019 </div><div id="a140635" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.2px;">Derivatives designated as cash flow hedges: </div><div id="a140648" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">Interest rate swaps </div><div id="a140651" style="position:absolute;font-weight:normal;font-style:normal;left:316.493px;top:51px;">AOCI </div><div id="a140654" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:51px;">$ </div><div id="a140656" style="position:absolute;left:564.56px;top:51px;">3,598</div><div id="a140659" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:51px;">$ </div><div id="a140661" style="position:absolute;left:669.52px;top:51px;">320</div><div id="a140670" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:68.8px;">$ </div><div id="a140672" style="position:absolute;left:564.56px;top:68.8px;">3,598</div><div id="a140675" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:68.8px;">$ </div><div id="a140677" style="position:absolute;left:669.52px;top:68.8px;">320</div></div><div id="TextBlockContainer1228" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:424px;height:16px;display:inline-block;"><div id="a140680" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the net loss reclassified from<div style="display:inline-block;width:4.82px"> </div>AOCI to earnings:</div></div><div id="TextBlockContainer1231" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:697px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140708" style="position:absolute;font-weight:bold;font-style:normal;left:499.08px;top:0px;">For the Years<div style="display:inline-block;width:5.22px"> </div>Ended </div><div id="a140714" style="position:absolute;font-weight:bold;font-style:normal;left:519.72px;top:17px;">December 31, </div><div id="a140720" style="position:absolute;font-weight:bold;font-style:normal;left:450.12px;top:34.4px;">2020 </div><div id="a140723" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:34.4px;">2019 </div><div id="a140726" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:34.4px;">2018 </div><div id="a140730" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Amount and location of (expense) income reclassified<div style="display:inline-block;width:7.95px"> </div></div><div id="a140743" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">from AOCI into (expense) income (Effective Portion) </div><div id="a140746" style="position:absolute;font-weight:normal;font-style:normal;left:304.493px;top:68px;">Interest expense, net </div><div id="a140748" style="position:absolute;font-weight:normal;font-style:normal;left:424.52px;top:68px;">$ </div><div id="a140750" style="position:absolute;left:463.72px;top:68px;">(1,754)</div><div id="a140753" style="position:absolute;font-weight:normal;font-style:normal;left:514.44px;top:68px;">$ </div><div id="a140755" style="position:absolute;left:580.4px;top:68px;">29</div><div id="a140758" style="position:absolute;font-weight:normal;font-style:normal;left:609.52px;top:68px;">$ </div><div id="a140760" style="position:absolute;left:675.28px;top:68px;">—</div></div><div id="TextBlockContainer1234" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:716px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140763" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Interest rate swaps are entered into with a limited number<div style="display:inline-block;width:4.77px"> </div>of counterparties, each of which allows for net settlement<div style="display:inline-block;width:4.71px"> </div>of all </div><div id="a140805" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">contracts through a single payment in a single currency<div style="display:inline-block;width:4.77px"> </div>in the event of a default on or termination of any one<div style="display:inline-block;width:4.72px"> </div>contract.<div style="display:inline-block;width:6.88px"> </div>As such, in </div><div id="a140855" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">accordance with the Company’s<div style="display:inline-block;width:4.75px"> </div>accounting policy,<div style="display:inline-block;width:4.73px"> </div>these derivative instruments are recorded on a net basis within<div style="display:inline-block;width:4.8px"> </div>the Consolidated </div><div id="a140891" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Balance Sheets.</div></div> 170000000.0 <div id="TextBlockContainer1219" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140518" style="position:absolute;font-weight:bold;font-style:normal;left:572.88px;top:0px;">Fair Value </div><div id="a140525" style="position:absolute;font-weight:bold;font-style:normal;left:316.493px;top:17.3px;">Consolidated Balance Sheet </div><div id="a140528" style="position:absolute;font-weight:bold;font-style:normal;left:564.56px;top:17.3px;">December 31, </div><div id="a140534" style="position:absolute;font-weight:bold;font-style:normal;left:379.24px;top:34.2px;">Location </div><div id="a140537" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:34.2px;">2020 </div><div id="a140540" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:34.2px;">2019 </div><div id="a140544" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.2px;">Derivatives designated as cash flow hedges: </div><div id="a140557" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:68px;">Interest rate swaps </div><div id="a140559" style="position:absolute;font-weight:normal;font-style:normal;left:306.413px;top:68px;">Other non-current liabilities </div><div id="a140564" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:68px;">$ </div><div id="a140566" style="position:absolute;left:564.56px;top:68px;">4,672</div><div id="a140569" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:68px;">$ </div><div id="a140571" style="position:absolute;left:669.52px;top:68px;">415</div><div id="a140580" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:85.8px;">$ </div><div id="a140582" style="position:absolute;left:564.56px;top:85.8px;">4,672</div><div id="a140585" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:85.8px;">$ </div><div id="a140587" style="position:absolute;left:669.52px;top:85.8px;">415</div></div><div id="TextBlockContainer1226" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1224_XBRL_TS_48c9a9e90a724a5a8c4cd8ef708cc236" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1225" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140619" style="position:absolute;font-weight:bold;font-style:normal;left:564.56px;top:0px;">December 31, </div><div id="a140628" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:17.3px;">2020 </div><div id="a140631" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:17.3px;">2019 </div><div id="a140635" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.2px;">Derivatives designated as cash flow hedges: </div><div id="a140648" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:51px;">Interest rate swaps </div><div id="a140651" style="position:absolute;font-weight:normal;font-style:normal;left:316.493px;top:51px;">AOCI </div><div id="a140654" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:51px;">$ </div><div id="a140656" style="position:absolute;left:564.56px;top:51px;">3,598</div><div id="a140659" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:51px;">$ </div><div id="a140661" style="position:absolute;left:669.52px;top:51px;">320</div><div id="a140670" style="position:absolute;font-weight:normal;font-style:normal;left:515.88px;top:68.8px;">$ </div><div id="a140672" style="position:absolute;left:564.56px;top:68.8px;">3,598</div><div id="a140675" style="position:absolute;font-weight:normal;font-style:normal;left:610.96px;top:68.8px;">$ </div><div id="a140677" style="position:absolute;left:669.52px;top:68.8px;">320</div></div></div></div><div id="TextBlockContainer1232" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:697px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1230_XBRL_TS_90d8d051c0e143e88d298320af2b89b8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1231" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:697px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140708" style="position:absolute;font-weight:bold;font-style:normal;left:499.08px;top:0px;">For the Years<div style="display:inline-block;width:5.22px"> </div>Ended </div><div id="a140714" style="position:absolute;font-weight:bold;font-style:normal;left:519.72px;top:17px;">December 31, </div><div id="a140720" style="position:absolute;font-weight:bold;font-style:normal;left:450.12px;top:34.4px;">2020 </div><div id="a140723" style="position:absolute;font-weight:bold;font-style:normal;left:542.6px;top:34.4px;">2019 </div><div id="a140726" style="position:absolute;font-weight:bold;font-style:normal;left:637.68px;top:34.4px;">2018 </div><div id="a140730" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Amount and location of (expense) income reclassified<div style="display:inline-block;width:7.95px"> </div></div><div id="a140743" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">from AOCI into (expense) income (Effective Portion) </div><div id="a140746" style="position:absolute;font-weight:normal;font-style:normal;left:304.493px;top:68px;">Interest expense, net </div><div id="a140748" style="position:absolute;font-weight:normal;font-style:normal;left:424.52px;top:68px;">$ </div><div id="a140750" style="position:absolute;left:463.72px;top:68px;">(1,754)</div><div id="a140753" style="position:absolute;font-weight:normal;font-style:normal;left:514.44px;top:68px;">$ </div><div id="a140755" style="position:absolute;left:580.4px;top:68px;">29</div><div id="a140758" style="position:absolute;font-weight:normal;font-style:normal;left:609.52px;top:68px;">$ </div><div id="a140760" style="position:absolute;left:675.28px;top:68px;">—</div></div></div></div> 4672000 415000 4672000 415000 3598000 320000 3598000 320000 -1754000 29000 0 <div id="TextBlockContainer1236" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a140895" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 26 – Commitments and Contingencies </div><div id="a140907" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">In 1992, the Company identified certain soil and groundwater<div style="display:inline-block;width:4.85px"> </div>contamination at AC Products, Inc. (“ACP”), a wholly<div style="display:inline-block;width:4.58px"> </div>owned </div><div id="a140943" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">subsidiary.<div style="display:inline-block;width:7.94px"> </div>In voluntary coordination with the Santa Ana California Regional<div style="display:inline-block;width:4.94px"> </div>Water Quality Board,<div style="display:inline-block;width:4.78px"> </div>ACP has been remediating the </div><div id="a140979" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">contamination, the principal contaminant of which<div style="display:inline-block;width:4.71px"> </div>is perchloroethylene (“PERC”).<div style="display:inline-block;width:7.18px"> </div>In 2004, the Orange County Water<div style="display:inline-block;width:5.03px"> </div>District </div><div id="a141012" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">(“OCWD”) filed a civil complaint against ACP and other<div style="display:inline-block;width:4.89px"> </div>parties seeking to recover compensatory and other damages<div style="display:inline-block;width:4.75px"> </div>related to the </div><div id="a141052" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.5px;">investigation and remediation of the contamination in the<div style="display:inline-block;width:4.61px"> </div>groundwater.<div style="display:inline-block;width:7.74px"> </div>Pursuant to a settlement agreement with OCWD, ACP agreed, </div><div id="a141089" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.9px;">among other things, to operate the two groundwater treatment<div style="display:inline-block;width:4.76px"> </div>systems to hydraulically contain groundwater contamination<div style="display:inline-block;width:4.76px"> </div>emanating </div><div id="a141121" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.2px;">from ACP’s site until the concentrations<div style="display:inline-block;width:5.07px"> </div>of PERC released by ACP fell below the current Federal maximum<div style="display:inline-block;width:4.89px"> </div>contaminant level for </div><div id="a141162" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.6px;">four consecutive quarterly sampling events.<div style="display:inline-block;width:7.79px"> </div>In 2014, ACP ceased operation at one of its two groundwater<div style="display:inline-block;width:4.91px"> </div>treatment systems, as it had </div><div id="a141205" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146px;">met the above condition for closure.<div style="display:inline-block;width:7.62px"> </div>In 2020, the Santa Ana Regional Water<div style="display:inline-block;width:5.16px"> </div>Quality Control Board asked that ACP conduct some </div><div id="a141247" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">additional indoor and outdoor soil vapor testing on and<div style="display:inline-block;width:4.75px"> </div>near the ACP site to confirm that ACP continues to meet the applicable<div style="display:inline-block;width:4.78px"> </div>local </div><div id="a141294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.5px;">standards and ACP has begun the testing program.<div style="display:inline-block;width:8.04px"> </div>As of December 31, 2020,<div style="display:inline-block;width:3.73px"> </div>ACP believes it is close to meeting the conditions<div style="display:inline-block;width:4.43px"> </div>for </div><div id="a141343" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:191.9px;">closure of the remaining groundwater treatment system<div style="display:inline-block;width:4.77px"> </div>but continues to operate this system while in discussions with the<div style="display:inline-block;width:4.71px"> </div>relevant </div><div id="a141381" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.2px;">authorities.</div></div><div id="TextBlockContainer1238" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:869px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a141435" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of December 31, 2020, the Company believes that<div style="display:inline-block;width:4.8px"> </div>the range of potential-known liabilities associated with the balance<div style="display:inline-block;width:4.83px"> </div>of ACP </div><div id="a141478" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">water remediation program is approximately $</div><div id="a141478_44_3" style="position:absolute;left:252.333px;top:15.4px;">0.1</div><div id="a141478_47_13" style="position:absolute;font-weight:normal;font-style:normal;left:268.973px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million to $</div><div id="a141478_60_3" style="position:absolute;left:334.413px;top:15.4px;">1.0</div><div id="a141478_63_70" style="position:absolute;font-weight:normal;font-style:normal;left:351.213px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.82px"> </div>The low and high ends of the range are based on the length </div><div id="a141525" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">of operation of the treatment system as determined<div style="display:inline-block;width:4.74px"> </div>by groundwater modeling.<div style="display:inline-block;width:7.19px"> </div>Costs of operation include the operation and </div><div id="a141561" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">maintenance of the extraction well, groundwater monitoring<div style="display:inline-block;width:4.67px"> </div>and program management.<div style="display:inline-block;width:7.34px"> </div></div><div id="a141583" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:69.3px;">An inactive subsidiary of the Company that was acquired<div style="display:inline-block;width:4.88px"> </div>in 1978 sold certain products containing asbestos, primarily on an </div><div id="a141621" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">installed basis, and is among the defendants in numerous<div style="display:inline-block;width:4.73px"> </div>lawsuits alleging injury due to exposure to asbestos.<div style="display:inline-block;width:7.92px"> </div>The subsidiary </div><div id="a141660" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">discontinued operations in 1991 and has no remaining<div style="display:inline-block;width:4.76px"> </div>assets other than proceeds received from insurance settlements.<div style="display:inline-block;width:7.93px"> </div>To date, the </div><div id="a141698" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">overwhelming majority of these claims have been<div style="display:inline-block;width:4.73px"> </div>disposed of without payment and there have been no adverse judgments<div style="display:inline-block;width:4.72px"> </div>against the </div><div id="a141739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">subsidiary.<div style="display:inline-block;width:7.94px"> </div>Based on a continued analysis of the existing and anticipated<div style="display:inline-block;width:4.79px"> </div>future claims against this subsidiary,<div style="display:inline-block;width:4.93px"> </div>it is currently projected </div><div id="a141779" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">that the subsidiary’s total<div style="display:inline-block;width:4.8px"> </div>liability over the next 50 years for these claims is approximately<div style="display:inline-block;width:4.65px"> </div>$</div><div id="a141779_96_3" style="position:absolute;left:495.239px;top:146.1px;">0.5</div><div id="a141779_99_40" style="position:absolute;font-weight:normal;font-style:normal;left:512.039px;top:146.1px;"><div style="display:inline-block;width:3.36px"> </div>million (excluding costs of defense).<div style="display:inline-block;width:4.08px"> </div></div><div id="a141822" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">Although the Company has also been named as a defendant<div style="display:inline-block;width:4.72px"> </div>in certain of these cases, no claims have been actively pursued<div style="display:inline-block;width:4.73px"> </div>against the </div><div id="a141868" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">Company, and<div style="display:inline-block;width:4.72px"> </div>the Company has not contributed to the defense or settlement of any<div style="display:inline-block;width:4.74px"> </div>of these cases pursued against the subsidiary.<div style="display:inline-block;width:8.5px"> </div></div><div id="a141911" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:200px;">These cases were handled by the subsidiary’s<div style="display:inline-block;width:5.23px"> </div>primary and excess insurers who had agreed in 1997 to<div style="display:inline-block;width:4.58px"> </div>pay all defense costs and be </div><div id="a141957" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">responsible for all damages assessed against the subsidiary arising<div style="display:inline-block;width:4.87px"> </div>out of existing and future asbestos claims up to the aggregate<div style="display:inline-block;width:4.81px"> </div>limits </div><div id="a141999" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">of their policies.<div style="display:inline-block;width:7.12px"> </div>A significant portion of this primary insurance coverage was provided<div style="display:inline-block;width:4.83px"> </div>by an insurer that is insolvent, and the other </div><div id="a142044" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">primary insurers asserted that the aggregate limits of their<div style="display:inline-block;width:4.77px"> </div>policies had been exhausted.<div style="display:inline-block;width:7.3px"> </div>The subsidiary challenged the applicability of </div><div id="a142082" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">these limits to the claims being brought against the subsidiary.<div style="display:inline-block;width:9.08px"> </div>In response, two of the three carriers entered into separate settlement </div><div id="a142125" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">and release agreements with the subsidiary in 2005 and<div style="display:inline-block;width:4.76px"> </div>2007 for $</div><div id="a142125_65_4" style="position:absolute;left:358.253px;top:276.7px;-sec-ix-hidden:ID_2527;">15.0</div><div id="a142125_69_14" style="position:absolute;font-weight:normal;font-style:normal;left:381.613px;top:276.7px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a142125_83_4" style="position:absolute;left:456.039px;top:276.7px;-sec-ix-hidden:ID_2528;">20.0</div><div id="a142125_87_26" style="position:absolute;font-weight:normal;font-style:normal;left:479.399px;top:276.7px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively.<div style="display:inline-block;width:8.1px"> </div></div><div id="a142160" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:300px;">The proceeds of both settlements were restricted and could<div style="display:inline-block;width:4.8px"> </div>only be used to pay claims and costs of defense associated with<div style="display:inline-block;width:4.8px"> </div>the </div><div id="a142204" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">subsidiary’s asbestos litigation.<div style="display:inline-block;width:8.16px"> </div>In 2007, the subsidiary and the remaining primary insurance<div style="display:inline-block;width:4.71px"> </div>carrier entered into a Claim Handling </div><div id="a142241" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.8px;">and Funding Agreement, under which the carrier is paying </div><div id="a142241_57_2" style="position:absolute;left:320.173px;top:330.8px;">27</div><div id="a142241_59_65" style="position:absolute;font-weight:normal;font-style:normal;left:333.453px;top:330.8px;">% of defense and indemnity costs incurred by or on behalf<div style="display:inline-block;width:4.6px"> </div>of the </div><div id="a142285" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346px;">subsidiary in connection with asbestos bodily injury<div style="display:inline-block;width:4.71px"> </div>claims.<div style="display:inline-block;width:6.81px"> </div>The agreement continues until terminated and can only<div style="display:inline-block;width:4.6px"> </div>be terminated by </div><div id="a142323" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:361.3px;">either party by providing a minimum of two years prior<div style="display:inline-block;width:4.91px"> </div>written notice.<div style="display:inline-block;width:6.98px"> </div>As of December 31, 2020,<div style="display:inline-block;width:3.73px"> </div>no notice of termination has been </div><div id="a142370" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:376.7px;">given under this agreement.<div style="display:inline-block;width:7.24px"> </div></div><div id="a142379" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:400px;">At the end of the term of the agreement, the subsidiary<div style="display:inline-block;width:4.73px"> </div>may choose to again pursue its claim against this insurer regarding<div style="display:inline-block;width:4.75px"> </div>the </div><div id="a142425" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:415.4px;">application of the policy limits.<div style="display:inline-block;width:7.45px"> </div>The Company believes that, if the coverage issues under the primary<div style="display:inline-block;width:4.79px"> </div>policies with the remaining </div><div id="a142466" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430.8px;">carrier are resolved adversely to the subsidiary and all<div style="display:inline-block;width:4.71px"> </div>settlement proceeds were used, the subsidiary may have limited<div style="display:inline-block;width:4.78px"> </div>additional </div><div id="a142504" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:446px;">coverage from a state guarantee fund established following<div style="display:inline-block;width:4.82px"> </div>the insolvency of one of the subsidiary’s<div style="display:inline-block;width:5.05px"> </div>primary insurers.<div style="display:inline-block;width:7.24px"> </div>Nevertheless, </div><div id="a142541" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:461.3px;">liabilities in respect of claims may exceed the assets and coverage<div style="display:inline-block;width:4.96px"> </div>available to the subsidiary. </div><div id="a142571" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:484.7px;">If the subsidiary’s assets and<div style="display:inline-block;width:4.71px"> </div>insurance coverage were to be exhausted, claimants of the<div style="display:inline-block;width:4.72px"> </div>subsidiary may actively pursue claims </div><div id="a142610" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:500.1px;">against the Company because of the parent-subsidiary relationship.<div style="display:inline-block;width:8.46px"> </div>The Company does not believe that such claims would have merit </div><div id="a142650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:515.4px;">or that the Company would be held to have liability for any<div style="display:inline-block;width:4.58px"> </div>unsatisfied obligations of the subsidiary as a result of such<div style="display:inline-block;width:4.77px"> </div>claims.<div style="display:inline-block;width:6.65px"> </div>After </div><div id="a142699" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:530.8px;">evaluating the nature of the claims filed against the subsidiary<div style="display:inline-block;width:4.99px"> </div>and the small number of such claims that have resulted in any<div style="display:inline-block;width:4.7px"> </div>payment, </div><div id="a142746" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:546px;">the potential availability of additional insurance<div style="display:inline-block;width:4.7px"> </div>coverage at the subsidiary level, the additional availability of the<div style="display:inline-block;width:4.7px"> </div>Company’s own </div><div id="a142782" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:561.3px;">insurance and the Company’s<div style="display:inline-block;width:4.73px"> </div>strong defenses to claims that it should be held responsible<div style="display:inline-block;width:4.8px"> </div>for the subsidiary’s obligati<div style="display:inline-block;width:1.39px"> </div>ons because of </div><div id="a142823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:576.7px;">the parent-subsidiary relationship, the Company believes<div style="display:inline-block;width:4.7px"> </div>it is not probable that the Company will incur losses.<div style="display:inline-block;width:7.91px"> </div>The Company has </div><div id="a142863" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:592.1px;">been successful to date having any claims naming it<div style="display:inline-block;width:4.69px"> </div>dismissed during initial proceedings.<div style="display:inline-block;width:7.26px"> </div>Since the Company may be in this stage of </div><div id="a142907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:607.4px;">litigation for some time, it is not possible to estimate additional<div style="display:inline-block;width:4.85px"> </div>losses or range of loss, if any.<div style="display:inline-block;width:8.15px"> </div></div><div id="a142944" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:630.6px;">As a result of the closing of the Combination on August<div style="display:inline-block;width:4.7px"> </div>1, 2019, the Company is party to environmental matters related<div style="display:inline-block;width:4.73px"> </div>to certain </div><div id="a142990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:646px;">Houghton domestic and foreign properties currently or previously<div style="display:inline-block;width:4.96px"> </div>owned, described below.<div style="display:inline-block;width:8.07px"> </div>These environmental matters primarily </div><div id="a143020" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:661.3px;">require the Company to perform long-term monitoring<div style="display:inline-block;width:4.75px"> </div>as well as operating and maintenance at each of the applicable<div style="display:inline-block;width:4.73px"> </div>sites.<div style="display:inline-block;width:6.67px"> </div>The </div><div id="a143063" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:676.7px;">Company continually evaluates its obligations related to such<div style="display:inline-block;width:4.71px"> </div>matters, and based on historical costs incurred and projected<div style="display:inline-block;width:4.73px"> </div>costs to be </div><div id="a143103" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:692.1px;">incurred over the next 28 years, has estimated the present<div style="display:inline-block;width:4.76px"> </div>value range of costs for all of the Houghton environmental<div style="display:inline-block;width:4.77px"> </div>matters, on a </div><div id="a143150" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:707.5px;">discounted basis, to be between approximately $</div><div id="a143150_47_3" style="position:absolute;left:263.373px;top:707.5px;">5.5</div><div id="a143150_50_14" style="position:absolute;font-weight:normal;font-style:normal;left:280.013px;top:707.5px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a143150_64_3" style="position:absolute;left:354.573px;top:707.5px;">6.5</div><div id="a143150_67_45" style="position:absolute;font-weight:normal;font-style:normal;left:371.213px;top:707.5px;"><div style="display:inline-block;width:3.36px"> </div>million as of December 31, 2020, for which $</div><div id="a143150_112_3" style="position:absolute;left:618.159px;top:707.5px;">6.0</div><div id="a143150_115_12" style="position:absolute;font-weight:normal;font-style:normal;left:634.959px;top:707.5px;"><div style="display:inline-block;width:3.2px"> </div>million is </div><div id="a143193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:722.7px;">accrued within other accrued liabilities and other non-current<div style="display:inline-block;width:4.81px"> </div>liabilities on the Company’s<div style="display:inline-block;width:4.72px"> </div>Consolidated Balance Sheet as of </div><div id="a143229" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:738px;">December 31, 2020.<div style="display:inline-block;width:7.23px"> </div>Comparatively, as of<div style="display:inline-block;width:4.78px"> </div>December 31, 2019, the Company had $</div><div id="a143229_77_3" style="position:absolute;left:449.8px;top:738px;">6.6</div><div id="a143229_80_43" style="position:absolute;font-weight:normal;font-style:normal;left:466.44px;top:738px;"><div style="display:inline-block;width:3.36px"> </div>million accrued for with respect to these </div><div id="a143269" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:753.4px;">matters. </div><div id="a143271" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:776.7px;">Houghton’s Sao Paulo,<div style="display:inline-block;width:4.8px"> </div>Brazil site was required under Brazilian environmental, health<div style="display:inline-block;width:4.7px"> </div>and safety regulations to perform an </div><div id="a143305" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:792.1px;">environmental assessment as part of a permit renewal<div style="display:inline-block;width:4.71px"> </div>process.<div style="display:inline-block;width:6.77px"> </div>Initial investigations identified soil and ground<div style="display:inline-block;width:4.71px"> </div>water contamination in </div><div id="a143342" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:807.5px;">select areas of the site.<div style="display:inline-block;width:7.24px"> </div>The site has conducted a multi-year soil and groundwater<div style="display:inline-block;width:4.74px"> </div>investigation and corresponding risk assessments </div><div id="a143382" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:822.7px;">based on the result of the investigations.<div style="display:inline-block;width:7.64px"> </div>In 2017, the site had to submit a new 5-year permit renewal request<div style="display:inline-block;width:4.87px"> </div>and was asked to </div><div id="a143432" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:838px;">complete additional investigations to further delineate<div style="display:inline-block;width:4.73px"> </div>the site based on review of the technical data by the local regulatory<div style="display:inline-block;width:4.78px"> </div>agency, </div><div id="a143472" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:853.4px;">Companhia Ambiental do Estado de São Paulo (“CETESB”).<div style="display:inline-block;width:8.11px"> </div>Based on review of the updated investigation data, CETESB issued<div style="display:inline-block;width:4.72px"> </div>a </div></div><div id="TextBlockContainer1240" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:631px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143561" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Technical Opinion<div style="display:inline-block;width:4.8px"> </div>regarding the investigation and remedial actions taken to<div style="display:inline-block;width:4.7px"> </div>date.<div style="display:inline-block;width:6.72px"> </div>The site developed an action plan and submitted it </div><div id="a143601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">to CETESB in 2018 based on CETESB requirements.<div style="display:inline-block;width:8.01px"> </div>The site intervention plan primarily requires the site, amongst other<div style="display:inline-block;width:4.8px"> </div>actions, to </div><div id="a143642" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">conduct periodic monitoring for methane in soil vapors,<div style="display:inline-block;width:4.83px"> </div>source zone delineation, groundwater plume delineation,<div style="display:inline-block;width:4.55px"> </div>bedrock aquifer </div><div id="a143674" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">assessment, update the human health risk assessment, develop<div style="display:inline-block;width:4.87px"> </div>a current site conceptual model and conduct a remedial feasibility study </div><div id="a143713" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">and provide a revised intervention plan.<div style="display:inline-block;width:7.53px"> </div></div><div id="a143726" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:84.6px;">In December 2019, the site submitted a report on the activities completed<div style="display:inline-block;width:5.07px"> </div>including the revised site conceptual model and results </div><div id="a143766" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">of the remedial feasibility study and recommended remedial<div style="display:inline-block;width:4.67px"> </div>strategy for the site.<div style="display:inline-block;width:7.2px"> </div>Other Houghton environmental matters include </div><div id="a143800" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">participation in certain payments in connection with four<div style="display:inline-block;width:4.76px"> </div>currently active environmental consent orders related to<div style="display:inline-block;width:4.72px"> </div>certain hazardous </div><div id="a143834" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">waste cleanup activities under the U.S. Federal Superfund<div style="display:inline-block;width:4.78px"> </div>statute.<div style="display:inline-block;width:6.81px"> </div>Houghton has been designated a potentially responsible party </div><div id="a143868" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">(“PRP”) by the Environmental Protection Agency along<div style="display:inline-block;width:4.79px"> </div>with other PRPs depending on the site, and has other obligations<div style="display:inline-block;width:4.61px"> </div>to perform </div><div id="a143909" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">cleanup activities at certain other foreign subsidiaries.<div style="display:inline-block;width:8.11px"> </div>These environmental matters primarily require the Company<div style="display:inline-block;width:4.8px"> </div>to perform long-</div><div id="a143943" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">term monitoring as well as operating and maintenance<div style="display:inline-block;width:4.7px"> </div>at each of the applicable sites.<div style="display:inline-block;width:7.14px"> </div></div><div id="a143973" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:200px;">The Company believes, although there can be no assurance<div style="display:inline-block;width:4.72px"> </div>regarding the outcome of other unrelated environmental matters, that </div><div id="a144010" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">it has made adequate accruals for costs associated with other<div style="display:inline-block;width:4.71px"> </div>environmental problems of which it is aware.<div style="display:inline-block;width:7.73px"> </div>Approximately $</div><div id="a144010_123_3" style="position:absolute;left:670.319px;top:215.4px;">0.1</div><div id="a144010_126_1" style="position:absolute;font-weight:normal;font-style:normal;left:686.959px;top:215.4px;"> </div><div id="a144048" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">million and $</div><div id="a144048_13_3" style="position:absolute;left:75.658px;top:230.8px;">0.2</div><div id="a144048_16_109" style="position:absolute;font-weight:normal;font-style:normal;left:92.293px;top:230.8px;"><div style="display:inline-block;width:3.36px"> </div>million were accrued as of December 31, 2020 and 2019, respectively,<div style="display:inline-block;width:5.91px"> </div>to provide for such anticipated future </div><div id="a144091" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">environmental assessments and remediation costs. </div><div id="a144101" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:269.3px;">During the fourth quarter of 2020, one of the Company’s<div style="display:inline-block;width:5.58px"> </div>subsidiaries received a notice of inspection from a taxing authority<div style="display:inline-block;width:4.72px"> </div>in a </div><div id="a144145" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284.7px;">country where certain of its subsidiaries operate which<div style="display:inline-block;width:4.73px"> </div>related to a non-income (indirect) tax that may be applicable to<div style="display:inline-block;width:4.77px"> </div>certain products </div><div id="a144190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300px;">the subsidiary sells.<div style="display:inline-block;width:7.16px"> </div>To date, the Company<div style="display:inline-block;width:4.87px"> </div>has not received any assessment from the authority related<div style="display:inline-block;width:4.73px"> </div>to potential liabilities that may </div><div id="a144233" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">be due from the Company’s<div style="display:inline-block;width:4.82px"> </div>subsidiary.<div style="display:inline-block;width:7.95px"> </div>Consequently, there is substantial uncertainty<div style="display:inline-block;width:5.08px"> </div>with respect to the Company’s<div style="display:inline-block;width:4.73px"> </div>ultimate liability </div><div id="a144270" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.8px;">with respect to this indirect tax, as the application of<div style="display:inline-block;width:4.72px"> </div>this tax in its given<div style="display:inline-block;width:3.73px"> </div>market is ambiguous and interpreted differently among<div style="display:inline-block;width:4.78px"> </div>other </div><div id="a144317" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346px;">peer companies and taxing authorities.<div style="display:inline-block;width:7.72px"> </div>The Company, with<div style="display:inline-block;width:4.61px"> </div>assistance from independent experts, has performed an<div style="display:inline-block;width:4.8px"> </div>evaluation of the </div><div id="a144354" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:361.3px;">applicability of this indirect tax to the Company’s<div style="display:inline-block;width:5.32px"> </div>subsidiaries in this country.<div style="display:inline-block;width:7.24px"> </div>Information available to the Company at this time is </div><div id="a144397" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:376.7px;">only sufficient to establish a range of probable<div style="display:inline-block;width:4.8px"> </div>liability, and no amount<div style="display:inline-block;width:4.7px"> </div>within the range is considered a better estimate than another.<div style="display:inline-block;width:5.55px"> </div></div><div id="a144441" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:392px;">Based on this evaluation, the Company recorded a liability<div style="display:inline-block;width:4.59px"> </div>of $</div><div id="a144441_63_3" style="position:absolute;left:341.933px;top:392px;">1.5</div><div id="a144441_66_73" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:392px;"><div style="display:inline-block;width:3.36px"> </div>million in other accrued liabilities, which reflects the low end<div style="display:inline-block;width:4.85px"> </div>of the </div><div id="a144487" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:407.4px;">range of probable indirect tax owed, including interest<div style="display:inline-block;width:4.81px"> </div>and taking into account applicable statutes of limitations.<div style="display:inline-block;width:7.8px"> </div>Because these </div><div id="a144524" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:422.8px;">amounts in part relate to a Houghton entity acquired<div style="display:inline-block;width:4.82px"> </div>in the Combination and for periods prior to the Combination, the<div style="display:inline-block;width:4.75px"> </div>Company has </div><div id="a144568" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:438px;">submitted an indemnification claim with Houghton’s<div style="display:inline-block;width:5.46px"> </div>former owners related to this potential indirect tax liability.<div style="display:inline-block;width:8.92px"> </div>The Company </div><div id="a144604" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:453.3px;">recorded a receivable in other assets for approximately $</div><div id="a144604_57_3" style="position:absolute;left:306.733px;top:453.3px;">1.1</div><div id="a144604_60_44" style="position:absolute;font-weight:normal;font-style:normal;left:323.373px;top:453.3px;"><div style="display:inline-block;width:3.2px"> </div>million, which reflects the amount of the $</div><div id="a144604_104_3" style="position:absolute;left:553.96px;top:453.3px;">1.5</div><div id="a144604_107_28" style="position:absolute;font-weight:normal;font-style:normal;left:570.8px;top:453.3px;"><div style="display:inline-block;width:3.2px"> </div>million recorded liability </div><div id="a144644" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:468.7px;">for which the Company anticipates being indemnified.<div style="display:inline-block;width:8.01px"> </div>The impact of this indirect tax, net of the recorded indemnification<div style="display:inline-block;width:4.89px"> </div>asset, was </div><div id="a144685" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:484.1px;">approximately $</div><div id="a144685_15_3" style="position:absolute;left:91.659px;top:484.1px;">0.4</div><div id="a144685_18_107" style="position:absolute;font-weight:normal;font-style:normal;left:108.293px;top:484.1px;"><div style="display:inline-block;width:3.36px"> </div>million and was recorded as a component of SG&amp;A during<div style="display:inline-block;width:4.71px"> </div>the fourth quarter of 2020.<div style="display:inline-block;width:7.38px"> </div>As noted, the Company </div><div id="a144729" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:499.4px;">believes there is substantial uncertainty with respect to<div style="display:inline-block;width:4.72px"> </div>its ultimate liability given the ambiguous application of this indirect tax.<div style="display:inline-block;width:8.13px"> </div>At </div><div id="a144770" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:514.8px;">this time, the Company’s<div style="display:inline-block;width:4.67px"> </div>best estimate of a potential range for possible assessments, including<div style="display:inline-block;width:5.03px"> </div>additional amounts that may be </div><div id="a144808" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:530px;">assessed under these indirect tax laws, would be approximately<div style="display:inline-block;width:4.74px"> </div>$</div><div id="a144808_64_3" style="position:absolute;left:351.853px;top:530px;">0.4</div><div id="a144808_67_13" style="position:absolute;font-weight:normal;font-style:normal;left:368.493px;top:530px;"><div style="display:inline-block;width:3.36px"> </div>million to $</div><div id="a144808_80_2" style="position:absolute;left:434.12px;top:530px;">34</div><div id="a144808_82_41" style="position:absolute;font-weight:normal;font-style:normal;left:447.4px;top:530px;"><div style="display:inline-block;width:3.36px"> </div>million, which is net of approximately $</div><div id="a144808_123_1" style="position:absolute;left:665.199px;top:530px;">9</div><div id="a144808_124_9" style="position:absolute;font-weight:normal;font-style:normal;left:671.919px;top:530px;"><div style="display:inline-block;width:3.36px"> </div>million </div><div id="a144852" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:545.3px;">of estimated income tax deductions and approximately $</div><div id="a144852_54_2" style="position:absolute;left:306.413px;top:545.3px;">22</div><div id="a144852_56_72" style="position:absolute;font-weight:normal;font-style:normal;left:319.693px;top:545.3px;"><div style="display:inline-block;width:3.2px"> </div>million of applicable rights to indemnification from Houghton’s<div style="display:inline-block;width:5.5px"> </div>former </div><div id="a144886" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:560.7px;">owners. </div><div id="a144888" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:584.1px;">The Company is party to other litigation which management<div style="display:inline-block;width:4.81px"> </div>currently believes will not have a material adverse<div style="display:inline-block;width:4.74px"> </div>effect on the </div><div id="a144929" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:599.4px;">Company’s results of<div style="display:inline-block;width:4.59px"> </div>operations, cash flows or financial condition. In addition,<div style="display:inline-block;width:4.82px"> </div>the Company has an immaterial amount of contractual </div><div id="a144967" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:614.8px;">purchase obligations.</div></div> 100000 1000000.0 500000 0.27 5500000 6500000 6000000.0 6600000 100000 200000 1500000 1100000 1500000 400000 400000 34000000 9000000 22000000 <div id="TextBlockContainer1242" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:239px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144972" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 27 – COVID-19 Global Pandemic </div><div id="a144986" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:19.4px;">In early 2020, a global outbreak of COVID-19 occurred<div style="display:inline-block;width:4.81px"> </div>initially in China and then across all locations where the Company does </div><div id="a145030" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.7px;">business, and which continued throughout the rest of the<div style="display:inline-block;width:4.7px"> </div>year.<div style="display:inline-block;width:7.52px"> </div>In March 2020, the World<div style="display:inline-block;width:4.94px"> </div>Health Organization formally identified the </div><div id="a145070" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.1px;">COVID-19 outbreak as a pandemic.<div style="display:inline-block;width:7.51px"> </div>In an effort to halt the outbreak of COVID-19,<div style="display:inline-block;width:4.8px"> </div>the governments of impacted countries, including </div><div id="a145115" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.5px;">but not limited to the U.S., the European Union, and<div style="display:inline-block;width:4.73px"> </div>China, have taken various actions to reduce its spread, including<div style="display:inline-block;width:4.92px"> </div>travel </div><div id="a145157" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.7px;">restrictions, shutdowns of businesses deemed nonessential,<div style="display:inline-block;width:4.85px"> </div>and stay-at-home or similar orders.</div><div id="a145183" style="position:absolute;font-size:16px;font-weight:normal;font-style:normal;left:509.32px;top:78.2px;"><div style="display:inline-block;width:4px"> </div></div><div id="a145184" style="position:absolute;font-weight:normal;font-style:normal;left:517.32px;top:80.7px;">This outbreak and associated </div><div id="a145192" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:96px;">measures to reduce its spread have caused significant disruptions<div style="display:inline-block;width:4.81px"> </div>to the operations of the Company and its suppliers and customers.<div style="display:inline-block;width:4.93px"> </div></div><div id="a145232" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:111.4px;">The disruptions and negative impact to the Company<div style="display:inline-block;width:4.74px"> </div>include significant volume declines and lower net sales initially at its China </div><div id="a145273" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:126.8px;">subsidiaries in the first quarter of 2020 and beginning<div style="display:inline-block;width:4.78px"> </div>in late March continued throughout the rest of 2020 at almost<div style="display:inline-block;width:4.77px"> </div>all of its other </div><div id="a145321" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:142.1px;">sites as the global economy slowed significantly in response<div style="display:inline-block;width:4.73px"> </div>to the pandemic.<div style="display:inline-block;width:7.25px"> </div>Management continues to monitor the impact that the </div><div id="a145361" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:157.5px;">COVID-19 pandemic is having on the Company,<div style="display:inline-block;width:5.45px"> </div>the overall specialty chemical industry,<div style="display:inline-block;width:5.02px"> </div>and the economies and markets in which the </div><div id="a145403" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:172.8px;">Company operates. </div><div id="a145407" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:192px;">Further, management continues to<div style="display:inline-block;width:4.71px"> </div>evaluate how COVID-19-related circumstances, such as remote<div style="display:inline-block;width:4.81px"> </div>work arrangements, have </div><div id="a145439" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">affected financial reporting processes, internal control<div style="display:inline-block;width:4.96px"> </div>over financial reporting, and disclosure controls and procedures.<div style="display:inline-block;width:7.98px"> </div>While the </div><div id="a145471" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">circumstances have presented and are expected to continue<div style="display:inline-block;width:4.79px"> </div>to present challenges, at this time, management does not believe<div style="display:inline-block;width:4.71px"> </div>that </div></div><div id="TextBlockContainer1244" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">COVID-19 has had a material impact on financial reporting<div style="display:inline-block;width:4.69px"> </div>processes, internal control over financial reporting,<div style="display:inline-block;width:4.71px"> </div>and disclosure </div><div id="a145595" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">controls and procedures.<div style="display:inline-block;width:13.85px"> </div></div><div id="a145603" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:34.7px;">The full extent of the COVID-19 pandemic related<div style="display:inline-block;width:4.58px"> </div>business and travel restrictions and changes to business and<div style="display:inline-block;width:4.91px"> </div>consumer </div><div id="a145641" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:50.1px;">behavior intended to reduce its spread are uncertain as of<div style="display:inline-block;width:4.86px"> </div>the date of this Report as COVID-19 and the responses of governmental </div><div id="a145687" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:65.3px;">authorities continue to evolve globally.<div style="display:inline-block;width:8.65px"> </div>The Company cannot reasonably estimate the magnitude of the effects<div style="display:inline-block;width:4.9px"> </div>these conditions will </div><div id="a145724" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:80.6px;">have on the Company’s<div style="display:inline-block;width:4.75px"> </div>operations in the future as they are subject to significant uncertainties relating<div style="display:inline-block;width:4.86px"> </div>to the ultimate geographic </div><div id="a145764" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:96px;">spread of the virus, the incidence and severity of<div style="display:inline-block;width:4.71px"> </div>the symptoms, the duration or resurgence of the outbreak,<div style="display:inline-block;width:4.84px"> </div>the length of the travel </div><div id="a145811" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:111.4px;">restrictions and business closures imposed by governments<div style="display:inline-block;width:4.8px"> </div>of impacted countries, and the economic response by governments<div style="display:inline-block;width:4.81px"> </div>of </div><div id="a145845" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:126.7px;">impacted countries.<div style="display:inline-block;width:7.08px"> </div></div><div id="a145850" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:150.1px;">To the extent<div style="display:inline-block;width:4.81px"> </div>that the Company’s customers and<div style="display:inline-block;width:4.78px"> </div>suppliers continue to be significantly and adversely impacted by<div style="display:inline-block;width:4.81px"> </div>COVID-19, this </div><div id="a145890" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:165.3px;">could reduce the availability,<div style="display:inline-block;width:4.84px"> </div>or result in delays, of materials or supplies to or from<div style="display:inline-block;width:4.71px"> </div>the Company, which in<div style="display:inline-block;width:4.81px"> </div>turn could significantly </div><div id="a145934" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:180.6px;">interrupt the Company’s<div style="display:inline-block;width:4.7px"> </div>business operations.<div style="display:inline-block;width:7.15px"> </div>Such impacts could grow and become more significant to the<div style="display:inline-block;width:4.76px"> </div>Company’s operations </div><div id="a145968" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:196px;">and the Company’s liquidity<div style="display:inline-block;width:4.84px"> </div>or financial position.<div style="display:inline-block;width:7.21px"> </div>Therefore, given the speed and frequency of continuously<div style="display:inline-block;width:4.78px"> </div>evolving developments </div><div id="a146002" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:211.4px;">with respect to this pandemic, the Company cannot reasonably<div style="display:inline-block;width:4.81px"> </div>estimate the magnitude or the full extent to which COVID-19<div style="display:inline-block;width:4.78px"> </div>may </div><div id="a146045" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:226.8px;">impact the Company’s results<div style="display:inline-block;width:4.77px"> </div>of operations, liquidity or financial position.</div></div>