Risk Factors Update Summary
- Risks related to geopolitical conflicts increased due to conflicts between Russia, Ukraine, Israel, and Hamas.
- The company's net sales in China decreased from 35% to one third of global sales.
- Long-term debt increased from $6.6 billion to $6.9 billion as of December 31, 2023.
- Fluctuations in exchange rates negatively impacted net sales denominated in U.S. dollars.
- Cybersecurity risks may result in lost sales due to potential vulnerabilities in the IT infrastructure.
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=1781335&owner=exclude
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