Risk Factors Update Summary
- Increased volatility post-business combinations could result from a more focused portfolio. This may lead to market vulnerability.
- Inventory reduction initiative resulted in $775 million reduction in the second half of 2022.
- Supply chain transformation aims to return adjusted gross margins to historical 35% levels.
- The Company made cash contributions of approximately $32 million to defined benefit plans in 2022.
- The Company has approximately $8.0 billion of goodwill and $2.1 billion of net definite-lived intangible assets.
- The Company faces risks related to transitioning to a lower-carbon economy, including increased prices and capacity constraints.
- The Company is exposed to various legal proceedings, investigations, and disputes arising from routine business operations.
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=93556&owner=exclude
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