NOV(US:NOV)2026-02-12 19:04Financial Performance - As of December 31, 2025, the company's backlog was $4.3 billion, compared to $4.4 billion in 2024 and $4.1 billion in 2023[51] - The company reported foreign currency losses of $55 million, $19 million, and $84 million for the years ended December 31, 2025, 2024, and 2023, respectively[63] - The company had transactional exposures totaling $533 million and translational exposures totaling $341 million in foreign currencies as of December 31, 2025[210] Debt and Financing - The company’s borrowings included $1,092 million in 3.95% Senior Notes and $497 million in 3.60% Senior Notes, with $1.5 billion available under its credit facility[212] Innovation and Technology - The company has invested in new technologies related to renewable energy and has a substantial number of patents with expiration dates ranging from 2025 to 2044[46] Workforce and Training - The company has a diverse workforce of 31,605 employees, with 34% based in the United States and 21% in Europe[52] - The company has implemented training programs to enhance employee skills and career satisfaction, including managerial and leadership training[61] - The company recognizes that diversity contributes to achieving its goals, with women making up 16% of all employees and 33% of the Board of Directors[59] Safety and Quality - The company’s safety programs are reviewed quarterly and include measures such as Stop Work Authority and Life Saving Rules to ensure workplace safety[56] Market Conditions - The company has experienced rising prices for stainless alloy products and has successfully mitigated the impact of higher raw material costs through price adjustments[49]