Quantitative and Qualitative Disclosures About Market Risk
−Removed: The remaining balance under the Term Loan, and any additional amounts that may be borrowed under the Revolver, are currently subject to interest rate fluctuations.
+Added: The remaining balance under Term Loan A and Term Loan B, and any additional amounts that may be borrowed under the Revolver, are currently subject to interest rate fluctuations.
We have the ability to manage these fluctuations in part through interest rate swaps on our variable rate debt.
We have entered into floating-to-fixed interest rate swap agreements for an aggregate notional amount of $1.3 billion related to a portion of our variable rate debt.
−Removed: With every one percent fluctuation in the applicable interest rates, interest expense on our variable rate debt for the six months ended April 3, 2026 would have fluctuated by approximately $15 million.
+Added: With every one percent fluctuation in the
+Added: applicable interest rates, interest expense on our variable rate debt for the nine months ended July 3, 2026 would have fluctuated by approximately $23 million.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.