Risk Factors Update Summary
- The percentage of net sales originating from outside the U.S. increased from 61% to 63%.
- The net pension obligation of underfunded defined benefit pension plans globally increased from $53 million to $61 million.
- The total principal amount of debt increased from $2,491 million to $2,471 million.
- The number of full-time employees decreased from approximately 15,000 to 14,700.
- The Sponsor's beneficial ownership of outstanding ordinary shares decreased from 63% to 36%.
- The Sponsor sold approximately 82.3 million ordinary shares in Fiscal 2023.
- The market price of ordinary shares declined after the Sponsor's sale of shares.
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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