Risk Factors Update Summary

• The company expanded its business partners to include third parties to promote or distribute its products and services.
• The company's goodwill and intangible assets decreased from 66 to 59, representing a lower percentage of total assets.
• The ongoing COVID-19 pandemic and related government actions increased economic uncertainty and financial market volatility, which may negatively impact the demand for the company's products.
• The company's variable rate debt increased from $2.9 billion to $4.0 billion, with a potential $29-40 million increase in annual interest expense if interest rates rise by 1%.
• The company added new countries to its list of facilities, which exposes it to risks such as political instability, terrorism, and war.
• The company added commercial paper programs to its list of variable rate debt, with an aggregate amount of $1.385 billion outstanding.
• The company may be negatively impacted by a disruption to its supply chain or third-party delivery service providers, including if factories that manufacture its products are temporarily closed or experience workforce shortages.
• The company changed "or" to "and" in a sentence about potential liability for fraudulent chargebacks, exposing them to fines or other liabilities.
• The company may experience software defects, development delays, and other technological risks that could harm its business.
• The company added a sentence about New Omaha Holdings L.P. potentially selling a portion of their shares, subject to board approval and share ownership.
• The company is subject to various procurement laws, regulations, and contract provisions relating to its contracts with U.S. federal, state, and local governments, which could result in lower revenue than anticipated.
• The company added a non-cash impairment charge to operating earnings for goodwill and intangible assets, which could negatively impact results of operations.
• The company is subject to the risk of losses due to its merchants being unable to satisfy their obligations, such as chargebacks, refunds, or returns, for which the company may also be liable.
• The company removed a reference to the COVID-19 pandemic's impact on economic and market conditions.