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What changed 10-Q
Item 1A. Risk Factors
2025-10-31 compared with 2025-07-31 · 1 added, 1 removed, 68 unchanged (3% of the section changed)
13 unchanged sentences
We have been able to mitigate some effects of tariffs through the U.S.
−Removed: government’s duty draw-back mechanism, tariff exclusion process, footprint utilization, and prudent sourcing.
+Added: government’s duty draw-back mechanism, tariff exclusion process, footprint utilization, pricing actions and prudent sourcing.
However, the end of certain tariff exclusions, and the increasing amount of new and proposed tariffs, could further destabilize global trade and economic conditions in many of the regions where we do business.
53 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.