Risk Factors Update Summary
- Outstanding indebtedness increased from approximately $1.4 billion to $1.5 billion as of February 2023.
- Climate-related risks and regulations were added as a new risk factor.
- Recognition of substantial impairment charges for goodwill and intangible assets, totaling approximately $4.2 billion.
- Sales derived from customers in particular currencies increased from 51% to 53% in 2023.
- The potential impact of the relaxation of certain export controls and sanctions by China.
- Increased focus on data privacy and security laws, including potential fines for violations.
- The potential adverse effects of trade policies and regulations on the business.
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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