Item 1. Legal Proceedings
Item 1. LEGAL PROCEEDINGS.
We are defendants in lawsuits that are ordinary routine litigation matters incidental to our business and operations. In addition, other matters, including indirect tax assessments, claims and governmental investigations and proceedings covering a wide range of matters are pending against us. It is not possible to predict the outcome of the pending actions, and, as with any litigation, it is possible that these actions could be decided unfavorably to us. We believe that there are meritorious defenses to these actions and that these actions will not have a material adverse effect on our results of operations, cash flows or financial condition, and, where appropriate, these actions are being vigorously contested. Accordingly, we believe the likelihood of material loss is remote. In the future, such costs could have a materially greater impact on our consolidated results of operations and financial position than in the past.
Based on available information, we do not consider any such action, assessment, claim, investigation or proceeding to be material, within the meaning of that term as used in “Item 103 of Regulation S-K” and the instructions thereto. For additional information regarding our legal proceedings, refer to Note 13 , “ Contingencies and Accrued Product Warranties ”, and Note 16 , “ Subsequent Events ” included in this Quarterly Report on Form 10-Q.
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