20 unchanged sentences
We leverage marketing strategies including advertising, promotions and endorsements to drive brand awareness and loyalty among consumers.
−Removed: The Company utilizes various distribution channels, including retail stores, e-commerce platforms and direct-to-consumer platforms to deliver our products.
+Added: The Company utilizes various distribution channels, including retail stores, digital commerce platforms and direct-to-consumer platforms to deliver our products.
Our business model relies on continued productivity improvements to fuel investments in research and development and marketing and deliver value creation.
3 unchanged sentences
Key Customers .
−Removed: Our customers include mass merchandisers, e-commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels.
+Added: Our customers include mass merchandisers, digital commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels.
We also sell direct to consumers.
Sales to Walmart Inc.
−Removed: and its affiliates represent approximately 16% of our total sales in 2025 and 2024 and 15% in 2023.
+Added: and its affiliates represent approximately 16% of our total sales in 2026, 2025 and 2024.
No other customer represents more than 10% of our total sales.
−Removed: Our top ten customers accounted for 43% of our total net sales in 2025, 42% in 2024 and 40% in 2023.
+Added: Our top ten customers accounted for approximately 43% of our total net sales in 2026 and 2025 and 42% in 2024.
Sources and Availability of Materials .
35 unchanged sentences
The C&LD Committee also evaluates and approves the Company’s compensation plans, policies and programs applicable to our senior executives.
−Removed: As of June 30, 2025, the Company had approximately 109,000 employees, an increase of 2% versus the prior year due to business growth.
+Added: As of June 30, 2026, the Company had approximately 104,000 employees, a decrease of 4% versus the prior year due to the ongoing restructuring program.
+Added: See Note 3 for further details on the restructuring program.
The total number of employees is an estimate of total Company employees excluding interns, co-ops, contractors and employees of joint ventures.
29 unchanged sentences
While we have met or exceeded some of the goals and are making significant progress against others, scalable infrastructure and cost-effective solutions are not yet available to us to fully deliver against some of our stated ambitions.
−Removed: Sustainability related disclosures included in this Annual Report, our Proxy Statement and our sustainability reports are informed by standards and guidelines such as the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD).
−Removed: The “materiality” thresholds in those standards and guidelines may differ from the concept of “materiality” for purposes of the federal securities laws and disclosures required by the Commission’s rules in this Annual Report.
+Added: Sustainability related disclosures included in this Annual Report, our Proxy Statement and our sustainability reports are informed by standards and guidelines such as the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD) and the Task Force on Nature-related Financial Disclosures (TNFD).
+Added: The “materiality” thresholds in those standards and guidelines may differ from the concept of “materiality” for purposes of the federal securities laws and disclosures required by the SEC's rules in this Annual Report.
References to our sustainability reports and website are for informational purposes only and neither the sustainability reports nor the other information on our website is incorporated by reference into this Annual Report on Form 10-K.
1 unchanged sentence
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.