Risk Factors Update Summary
- Shifted from LIBOR to SOFR as the recommended alternative rate, impacting interest rates.
- Added the possibility of negative effects from dispositions or liabilities retained, impacting cash flows.
- Shifted focus to selling/divesting businesses, products, and technologies, with potential impacts on operations.
- Reduced reliance on independent distributors and sales representatives, down from 1,070 to 1,055.
- Mentioned the potential impact of Pillar 2 global minimum tax rules on financial statements and disclosures.
- Decrease in top five customers' contribution to consolidated net sales from 40% to 39%.
- Transitioned from cyber security to cybersecurity, emphasizing the increasing complexity of threats.
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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