Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
There have been no significant changes in our exposures to market risk since February 3, 2024. Refer to Part II, Item 7A— Quantitative and Qualitative Disclosures about Market Risk in our 2023 Form 10-K for a discussion on our exposures to market risk.
50 | 2024 THIRD QUARTER FORM 10-Q
PART I. FINANCIAL INFORMATION
Table of Contents
Interest Rate Risk
As described in our 2023 Form 10-K and in Note 10— Credit Facilities of our condensed consolidated financial statements herein, borrowings under our ABL Credit Agreement and Term Loan Credit Agreement bear interest at variable rates and we are exposed to interest rate risk related to our outstanding debt under each arrangement. Based on our current borrowings outstanding as of November 2, 2024, for every 100-basis point change in interest rates, our annual interest expense could change by $26 million.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.