What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2026-02-26 compared with 2025-02-26 · 0 added, 2 removed, 43 unchanged (4% of the section changed)

27 unchanged sentences

We have entered into cross currency swaps to hedge a portion of our net investments in certain of our subsidiaries with euro functional currency.

In July 2022, we terminated the cross currency swap contracts hedging a portion of our net investment in certain euro functional currency subsidiaries and received $67 million in cash for the fair value of the derivative assets at the settlement date.

We subsequently entered into new cross currency swaps with a total notional value of $400 million to hedge a portion of our net investments in certain of our subsidiaries with euro functional currency.

At December 31, 2025, the notional value of these cross currency swaps contracts was $400 million with a weighted-average remaining maturity of 0.3 years for the cross currency swaps maturing in May 2026 and a remaining weighted average maturity of 4.8 years for the cross currency swaps maturing in April 2031.

14 unchanged sentences

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.