Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing Severity8/10Det 8

We may not realize the benefits that we expect from our Strategic Growth and Productivity Program.

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Our new three-year productivity program, which we refer to as the “Strategic Growth and Productivity Program,” was approved by the Board on July 31, 2025 in an effort to drive future growth and support the Company’s 2030 strategy. The program includes initiatives to better align our organizational structure to support our strategic initiatives, optimize our global supply chain to drive agility and efficiencies and simplify and streamline our organizational structure to reduce overhead costs. The successful implementation of the program may present significant organizational challenges and, in some cases, may require successful negotiations with third parties, including works councils and unions. As a result, we may not be able to realize the anticipated benefits from the Strategic Growth and Productivity Program. Events and circumstances, such as financial or strategic difficulties, delays and unexpected costs may occur that could result in our not realizing all of the anticipated benefits or our not realizing such benefits on our expected timetable. In addition, changes in foreign exchange rates or in tax, labor or immigration laws may result in our not achieving anticipated cost savings. If we are unable to realize the anticipated savings of the Strategic Growth and Productivity Program, our ability to fund other initiatives and enhance profitability may be adversely affected. Any failure to implement the Strategic Growth and Productivity Program in accordance with our expectations could adversely affect our business, results of operations, cash flows and financial condition. For additional information regarding the Strategic Growth and Productivity Program, refer to Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Significant Items Impacting Comparability” and “– Restructuring and Related Implementation Charges.”

🔴 No Match in Current Filing We face various risks related to pandemics, epidemics or other widespread public health concerns, which may have a material adverse effect on our business, results of operations, cash flows and financial condition. 🔒

🟡 Modified The rapidly changing retail landscape and changing consumer preferences may adversely affect our business. 🔒

🟡 Modified We face risks associated with significant international operations, including exposure to foreign currency fluctuations. 🔒

🟡 Modified Uncertain or unfavorable global macroeconomic and geopolitical conditions may adversely affect our business. 🔒

🟡 Modified Our business results are impacted by our ability to manage disruptions in our global supply chain and/or key office facilities. 🔒

🟡 Modified Damage to our reputation could have an adverse effect on our business. 🔒

🟡 Modified Volatility in material and other costs has in the past and may continue to adversely impact our profitability. 🔒

🟡 Modified Our business is subject to legal and regulatory risks in the United States and abroad. 🔒

🟡 Modified Legal claims and proceedings could adversely impact our business. 🔒

🟡 Modified Climate change and other sustainability matters could have an adverse impact on our business and results of operations. 🔒

🟡 Modified Tax matters, including changes in tax rates, disagreements with taxing authorities and imposition of new taxes could negatively impact our business. 🔒

🟡 Modified We have pursued and may continue to pursue acquisitions and divestitures, which could adversely impact our business. 🔒

🟡 Modified Our reliance on third parties in many aspects of our business could have an adverse effect on our business and results of operations. 🔒

13 more changes in this filing

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