9 unchanged sentences
At various times, our CBAs expire and are subject to renegotiation.
−Removed: Generally, collective bargaining agreements that expire may be terminated after
−Removed: notice by the union.
+Added: Generally, collective bargaining agreements that expire may be terminated after notice by the union.
After termination, the union may authorize a strike.
A labor dispute, which could lead to a strike, lockout, or other work stoppage by the employees covered by one or more of the collective bargaining agreements, could have a material adverse effect on production at one or more of our facilities and, depending upon the length of such dispute or work stoppage, on our operating results.
−Removed: For example, in fiscal year 2021, the USW engaged in a 3 ½ month strike primarily affecting our AA&S segment operations, and we incurred approximately $63 million in strike-related costs and had lower revenues during this period while we continued to operate affected facilities with replacement workers.
There can be no assurance that we will succeed in concluding collective bargaining agreements to replace those that expire.
−Removed: Our current CBAs with USW-represented active full-time employees at our Specialty Rolled Products business and certain employees at one facility included in our Specialty Alloys & Components business expire in February 2025.
+Added: On April 22, 2025, we reached agreements with the USW for new CBAs that cover nearly 1,000 USW represented full-time employees within our AA&S operations for a six-year term that extends through February 28, 2031.
Risks Associated with Current or Future Litigation and Claims.
5 unchanged sentences
qualified defined benefit pension plan obligations to Athene Annuity and Life Company and Athene Annuity & Life Assurance of New York.
+Added: These two lawsuits were consolidated in late 2024.
+Added: In January 2025, we filed a Motion to Dismiss the consolidated claims, and briefing on the Motion has been completed.
We intend to vigorously defend against these claims, but given the preliminary nature of these matters, cannot predict their outcome or estimate any range of reasonably possible loss at this time.
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.