Risk Factors Update Summary
- Completed divestiture of Green Giant U.S. shelf-stable product line, recording a loss of $137.7 million.
- Largest customer Walmart accounted for approximately 8% of fiscal 2023 net sales.
- Expected annual deductions for tax purposes decreased from approximately $122 million to $116.9 million.
- Total long-term indebtedness decreased from $2,404 million to $2,064 million in fiscal 2023.
- Reclassified $115.9 million of assets to held for sale in fiscal 2023, recording pre-tax charges of $132.9 million.
- Recorded pre-tax, non-cash impairment charges of $20.5 million for intangible trademark assets in fiscal 2023.
- Completed annual impairment tests for fiscal 2023 with no adjustments to goodwill carrying values.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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