Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Derivatives and Hedging Activities (Tables)

v3.25.4
Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of balance sheet classification and fair values of derivative instruments
Fair Value Notional Amount
December 31 December 31
Balance sheet location 2025 2024 2025 2024
U.S. $ in thousands
Assets derivatives - Foreign exchange contracts, not designated as hedging instruments
Other current assets $ 15  $ 71  $ 5,680  $ 29,244 
Assets derivatives - Foreign exchange contracts, designated as cash flow hedge
Other current assets
454  4,005  55,880  89,414 
Liability derivatives - Foreign exchange contracts, not designated as hedging instruments
Accrued expenses and other current liabilities (175) (21) 99,514  82,818 
Liability derivatives - Foreign exchange contracts, designated as cash flow hedge
Accrued expenses and other current liabilities (235) (3) 29,587  5,687 
$ 59  $ 4,052  $ 190,661  $ 207,163 
Schedule of cash flow hedging instruments location in income statement
Revenues Cost of sales Research and development, net Selling, general and administrative Financial income, net Other comprehensive income (loss), net of tax
December 31, December 31, December 31, December 31, December 31, December 31,
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
U.S. $ in thousands
Line items in which effects of hedges are recorded $ 551,102  $ 572,458  $ 323,816  $ 315,642  $ 77,304  $ 99,142  $ 222,471  $ 243,335  $ 10,386  $ 1,676  $ 1,834  $ (952)
Foreign exchange contracts designated as hedging instrument (7) (1,292) (972) (111) (1,255) (378) (2,987) (758) —  —  (310) 5,656 
Foreign exchange contracts not designated as hedging instrument $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ (2,846) $ 4,363  $ —  $ —