Commitments and Contingent Liabilities

9 Months Ended

Sep. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

9. Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit as of September 30, 2019, approximated $20,260, the majority of which serves as collateral for the IRB debt. Outstanding surety bonds as of September 30, 2019, approximated $4,000 (SEK 33,900) which guarantee certain obligations under a credit insurance arrangement for certain of the Corporation’s foreign pension commitments.

See Note 11 for derivative instruments, Note 15 for litigation and Note 16 for environmental matters.