Controls and Procedures
−Removed: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of September 24, 2023.
+Added: We performed an evaluation of the effectiveness of our disclosure controls and procedures as of March 31, 2024.
The evaluation was performed with the participation of senior management of each business segment and key corporate functions, under the supervision of the Chief Executive Officer (CEO) and Chief Financial Officer (CFO).
−Removed: Based on this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were operating and effective as of September 24, 2023.
−Removed: There were no changes in our internal control over financial reporting during the quarter ended September 24, 2023 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Based on this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were operating and effective as of March 31, 2024.
+Added: There were no changes in our internal control over financial reporting during the quarter ended March 31, 2024 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Forward-Looking Statements
19 unchanged sentences
• the impact of pandemics and epidemics on our business and financial results, including supply chain disruptions and delays, employee absences, and program delays;
−Removed: • government actions that disrupt our supply chain or prevent the sale or delivery of our products (such as delays in approvals for exports requiring Congressional notification);
+Added: • government actions that prevent the sale or delivery of our products (such as delays in approvals for exports requiring Congressional notification);
• trade policies or sanctions (including Chinese sanctions on us or our suppliers, teammates or partners, U.S.
−Removed: Government sanctions on Türkish entities and persons, and potential indirect effects of sanctions on Russia to our supply chain);
+Added: Government sanctions on Türkish entities and persons, and indirect effects of sanctions on Russia to our supply chain);
• our success expanding into and doing business in adjacent markets and internationally and the risks posed by international sales;
7 unchanged sentences
• the accuracy of our estimates and projections;
−Removed: • the impact of pension risk transfers, including potential noncash settlement charges, timing and estimates regarding pension funding and movements in interest rates and other changes that may affect pension plan assumptions, stockholders’ equity, the level of the FAS/CAS adjustment, and actual returns on pension plan assets;
+Added: • changes in pension plan assumptions and actual returns on pension assets;
+Added: cash funding requirements and pension risk transfers and associated settlement charges;
• realizing the anticipated benefits of acquisitions or divestitures, investments, joint ventures, teaming arrangements or internal reorganizations, and market volatility affecting the fair value of investments that are marked to market;
5 unchanged sentences
or foreign tax, export or other laws, regulations, and policies and their interpretation or application, and changes in the amount or reevaluation of uncertain tax positions;
−Removed: • the outcome of legal proceedings, bid protests, environmental remediation efforts, audits, government investigations or government allegations that we have failed to comply with law, other contingencies and U.S.
+Added: • the outcome of legal proceedings, bid protests, environmental remediation efforts, audits, government investigations or government allegations that we has failed to comply with law, other contingencies and U.S.
Government identification of deficiencies in our business systems.
10 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.