Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk
There have been no material changes to the information on market risk exposure disclosed in the Company's Information Statement, except as described below.
Interest Rate Risk
Borrowings under the Company's Credit Agreement and certain foreign loans have variable interest rates. A hypothetical 100 basis point increase in interest rates affecting our external variable rate borrowings as of July 4, 2026 would increase our annual interest expense by approximately $2.5 million, assuming debt levels remained constant throughout the period.
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