5 unchanged sentences
The raw material costs to which our operations are principally exposed include the cost of natural rubber, synthetic rubber, carbon black, fabrics, steel cord and other petrochemical-based commodities.
−Removed: Approximately two-thirds of our raw materials are petroleum-based, the cost of which may be affected by fluctuations in the price of oil.
+Added: Approximately 70% of our raw materials are petroleum-based, the cost of which may be affected by fluctuations in the price of oil.
We currently do not hedge commodity prices.
3 unchanged sentences
Within defined limitations, we manage the mix using refinancing.
−Removed: At March 31, 2026, approximately 29% of our debt was at variable interest rates averaging 5.98%.
−Removed: The following table presents information about long term fixed rate debt, excluding finance leases, at March 31, 2026:
+Added: At June 30, 2026, approximately 17% of our debt was at variable interest rates averaging 6.62%.
+Added: The following table presents information about long term fixed rate debt, excluding finance leases, at June 30, 2026:
(In millions)
2 unchanged sentences
Pro forma fair value — liability 5,459
−Removed: The pro forma information assumes a 100 basis point decrease in market interest rates at March 31, 2026, and reflects the estimated fair value of fixed rate debt outstanding at that date under that assumption.
+Added: The pro forma information assumes a 100 basis point decrease in market interest rates at June 30, 2026, and reflects the estimated fair value of fixed rate debt outstanding at that date under that assumption.
The sensitivity of our fixed rate debt to changes in interest rates was determined using current market pricing models.
3 unchanged sentences
Contracts hedging short term trade receivables and payables normally have no hedging designation.
−Removed: The following table presents net foreign currency contract information at March 31, 2026:
+Added: The following table presents net foreign currency contract information at June 30, 2026:
(In millions)
2 unchanged sentences
Contract maturities 7/26-6/27
−Removed: The pro forma decrease in fair value assumes a 10% adverse change in underlying foreign exchange rates at March 31, 2026, and reflects the estimated change in the fair value of contracts outstanding at that date under that assumption.
+Added: The pro forma decrease in fair value assumes a 10% adverse change in underlying foreign exchange rates at June 30, 2026, and reflects the estimated change in the fair value of contracts outstanding at that date under that assumption.
The sensitivity of our foreign currency positions to changes in exchange rates was determined using current market pricing models.
−Removed: Fair values are recognized on the Consolidated Balance Sheet at March 31, 2026 as follows:
+Added: Fair values are recognized on the Consolidated Balance Sheet at June 30, 2026 as follows:
(In millions)
6 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.