Risk Factors Update Summary
- Added instability in the Middle East to risk factors, expanding geopolitical risk exposure.
- Authorized a new $1.5 billion share repurchase program, impacting capital allocation strategy.
- Total indebtedness increased from $11.4 billion to $11.5 billion, impacting financial stability.
- Completed $1.0 billion of repurchases under the program, affecting shareholder value.
- Variable rate indebtedness rose from 31% to 36%, increasing exposure to interest rate fluctuations.
- Specialty segment revenues increased from 7.3% to 25.4% over ten years, changing revenue mix.
- Goodwill on the balance sheet increased from $6.0 billion to $6.5 billion, affecting asset valuation.
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=1067701&owner=exclude
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