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As reported in our Form 10-K for the year ended December 31, 2025, we were one of numerous defendants in legal proceedings in certain state and federal courts involving approximately 30,400 claimants relating to their alleged exposure to materials containing asbestos in products allegedly manufactured by us or asbestos materials present in our facilities.
−Removed: During the first three months of 2026, approximately 250 claims were filed against us and approximately 100 were settled or dismissed.
−Removed: The amounts expended on asbestos defense and claim resolution by us and our insurers during the first three months of 2026 was $4 million.
−Removed: At March 31, 2026, there were approximately 30,550 asbestos claims pending against us.
+Added: During the first six months of 2026, approximately 600 claims were filed against us and approximately 2,500 were settled or dismissed.
+Added: The amounts expended on asbestos defense and claim resolution by us and our insurers during the first six months of 2026 was $8 million.
+Added: At June 30, 2026, there were approximately 28,500 asbestos claims pending against us.
The plaintiffs are seeking unspecified actual and punitive damages and other relief.
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12, Commitments and Contingent Liabilities, for additional information on asbestos litigation.
−Removed: European Commission Antitrust Investigation
−Removed: On January 30, 2024, the European Commission carried out unannounced inspections at the premises of companies active in the tire industry in several Member States in the European Union in connection with an investigation into potential violations of European Union antitrust rules with respect to new replacement tires for passenger cars, vans, trucks and busses sold in the European Economic Area.
−Removed: We were one of the companies that was inspected.
−Removed: We are cooperating with the European Commission’s investigation.
−Removed: In addition, a number of civil lawsuits have been subsequently filed in the United States and elsewhere against companies active in the tire industry, including us, alleging violations of antitrust laws with respect to new replacement tires for passenger cars, vans, trucks and busses sold in the relevant jurisdictions, and similar additional lawsuits could be brought against us in the future.
−Removed: lawsuits have been transferred to a multidistrict litigation in the U.S.
−Removed: District Court for the Northern District of Ohio.
−Removed: On February 25, 2025, the District Court granted our motion to dismiss the U.S.
−Removed: lawsuits and, on March 31, 2026, the District Court denied the plaintiffs’ motions for leave to file amended complaints.
−Removed: We intend to continue to defend these lawsuits, the ultimate outcome of which cannot be predicted at this time.
Other Matters
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For additional information regarding our legal proceedings, refer to Note to the Consolidated Financial Statements No.
−Removed: 20, Commitments and Contingent Liabilities, and Part I, Item 3, Legal Proceedings, in our 2025 Form 10-K, and Note to the Consolidated Financial Statements No.
+Added: 20, Commitments and Contingent Liabilities, and Part I, Item 3, Legal Proceedings, in our 2025 Form 10-K, Part II, Item 1, Legal Proceedings, in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, and Note to the Consolidated Financial Statements No.
12, Commitments and Contingent Liabilities, in this Form 10-Q.
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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.