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Risk Factors Update Summary
- Labor shortages and increased turnover rates could have a material adverse impact on operations. Approximately 139,000 team members are employed, with 39,000 covered by collective bargaining agreements.
- The funded status of defined benefit pension plans was an underfunded position of $158 million, compared to $149 million at the end of fiscal 2023.
- Compliance with evolving environmental laws may impose material costs and disrupt operations, affecting profitability.
- The assessment from Mexican tax authorities related to a 2015 sale totals approximately $488 million, including tax and penalties.
- Climate change and legal responses could have a long-term adverse impact on business operations and results.
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=100493&owner=exclude
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