Risk Factors Update Summary
- Added risks related to war, epidemics, and climate conditions, expanding potential business interruptions.
- Increased scrutiny on ESG compliance and climate-related disclosures, impacting investor perception and decisions.
- Evaluation of tax laws under OECD's BEPS Pillar Two, potentially increasing global corporate income tax.
- Potential impact of the Corporate Alternative Minimum Tax (AMT) on corporations with an average AFSI exceeding $1.0 billion.
- Evaluation of the Corporate AMT applicability to the company in 2023, with potential future impacts.
- Compliance with laws related to greenhouse gas emissions could lead to substantial expenses and facility shutdowns.
- Changes in laws may require costly pollution control measures and impact energy efficiency initiatives.
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=216228&owner=exclude
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