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regions such as China, improve quality and reliability and pursue markets outside their home countries. Some competitors are government-

Item 1A, Risk Factors, 10-K Jan 29, 2026open_in_new

gains related to our interest in China XD Electric Co., Ltd; a decrease from inventories of $(0.8) billion, primarily due to higher build and

Item 7, MD&A, 10-K Jan 29, 2026open_in_new

• Political unrest and military actions in foreign countries, including the conflicts in Ukraine and the Middle East and trade tensions with China, as well as the impact on world markets and energy supplies and prices resulting therefrom.

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

• Impact of trade tariffs, import quotas or other trade actions, restrictions or measures taken by the United States, China, Mexico, the United Kingdom, member states of the European Union, and other countries, including the recent and ongoing potential changes in U.S. trade policies, that may be made by the current or a future presidential administration and changes in trade policies in other countries made in response to changes in the U.S. trade policies.

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

• Minimizing cost increases through supply chain moves with a focus on leveraging the Company’s North American footprint and reducing China production for the United States by the end of 2026 or early 2027;

Item 7, MD&A, 10-K Feb 24, 2026open_in_new

• instability or changes in the general political and economic conditions in the countries where the Company operates (such as the conflicts between Russia and Ukraine, and in the Middle East and tensions in South Korea, China and Taiwan);

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

… The Company’s five reporting units are comprised of the Americas; Greater China; India; Asia; and Europe, Middle East & Africa. For segment reporting Greater China, India and Asia are aggregated into one reportable business segment, refer to “Note 13 - Segment …

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

… For example, the European Union Restriction on the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Directive and similar laws and regulations of China and other jurisdictions limit the content of certain hazardous materials such as lead, mercury …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… Our primary exposure (excluding competitive risk) is to exchange rate movements in the Australian dollar, Chinese yuan, Euro, Indian rupee and Mexican peso.

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

… In Asia Pacific, outside of China, moderate economic conditions are expected in 2026. We anticipate positive momentum in China from low levels, with growth in the above 10-ton excavator industry in 2026. Growth in Latin America is expected to …

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

• the imposition of and changes in the United States’ and other governments’ trade regulations, trade wars, increased or new tariffs and other trade barriers, and variability and unpredictability in trade relations, including as a result of geopolitical developments (such as escalating tensions in the Middle East) and relations between the United States and China and the United States and Russia and any changes arising as a result of global leadership changes; and

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

• IDEX MPT, Inc., which includes Quadro, Fitzpatrick, Microfluidics, and Matcon, maintains operations in Waterloo, Canada; Middleborough, Massachusetts; Evesham, England; Ahmedabad, India and Shanghai, China.

10-K, 10-K Feb 19, 2026open_in_new

We conduct business in many countries, with a significant portion of our revenue derived from operations outside the United States. Our international operations are affected by changes in the exchange rates for local currencies, particularly the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

Average daily volume increased in 2025, with increases in both domestic and export products, primarily in Europe, the Middle East, and Africa ("EMEA"). These increases were partially offset by China-to-U.S. trade lane volume declines due to U.S. trade policy changes that took effect in the second quarter of 2025.

Item 7, MD&A, 10-K Feb 17, 2026open_in_new

(a) The impact of foreign exchange is primarily due to strengthening of the Euro, Canadian Dollar, Chinese Yuan and the Chilean Peso.

Item 7, MD&A, 10-K Feb 25, 2026open_in_new

• uncertainty, volatility and impacts from the evolving global geopolitical environment involving the U.S. and other countries’ governments, including the relationships among the U.S., European Union (“EU”), Middle East, Latin America, Russia, India, China, Taiwan, or other foreign countries, and the international community at large;

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… Our supply chain is not dependent on China. However, China as a country supplies multiple components including rare earth metals and compounds used in electronic and electromechanical components that are part of our tier 2 and

Item 7, MD&A, 10-K Feb 9, 2026open_in_new

… The continued escalation of trade tensions between China and the U.S. could impact our ability to source these rare earth metals and components. We have taken measures to try to mitigate these issues, including implementing strategic sourcing strategies, and …

Item 7, MD&A, 10-K Feb 9, 2026open_in_new

China is a significant market for commercial aircraft, and we have long-standing relationships with our Chinese customers. Overall, the U.S.-China trade relationship is challenged due to tariffs, sanctions, and export restrictions, as well as other economic and national security concerns. During 2025, certain customers in China temporarily paused accepting delivery of our aircraft in response to ongoing tariff negotiations between the U.S. and China.

Item 7, MD&A, 10-K Jan 30, 2026open_in_new

China is a significant market for commercial aircraft and we have long-standing relationships with our Chinese customers. Overall, the U.S.-China trade relationship is challenged due to tariffs, sanctions, and export restrictions, as well as other economic and …

Item 1A, Risk Factors, 10-K Jan 30, 2026open_in_new

The United States has undertaken a substantial global tariff rebalancing effort, resulting in higher tariffs on imports, including significantly higher tariffs on goods made in China and sectoral tariffs on a range of materials and products. These measures led to …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

North Asia ocean freight and ocean services revenues and expenses decreased 23% and 26%, respectively, in 2025, compared to 2024 primarily due to 21% and 23% decreases in average sell and buy rates, respectively, and 6% decrease in containers shipped. This was mainly due to customers relocating sourcing out of China to other regions and softening of the retail sector.

Item 7, MD&A, 10-K Feb 25, 2026open_in_new

The Company’s core sales during 2025 in developed markets increased 4.8% year-over-year driven by a 5.3% increase in North America and a 3.8% increase in Western Europe. Core sales in high-growth markets increased 5.1% driven by mid-single digit increases in Latin America and low-single digit increases in China.

Item 7, MD&A, 10-K Feb 20, 2026open_in_new

The U.S. government has imposed significant tariffs or other restrictions on certain foreign imports and has raised the possibility of imposing additional tariff increases or expanding the tariffs to capture other countries and types of foreign imports. For example, since January 2025, the U.S. government has threatened or imposed significant tariffs on imports from China and various new or additional tariffs on imports from other countries with limited, temporary

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

◦ Asia Pacific organic revenue grew 10.6%. China organic revenue increased 11.8%, including growth in the electric vehicles market and market penetration gains with Chinese original equipment manufacturers, versus China auto builds which grew 10%. Auto builds of foreign automotive manufacturers in China, where the Company has higher content per vehicle, declined 5%.

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

◦ Asia Pacific organic revenue grew 9.7%. China organic revenue increased 8.1%, including growth in the electric vehicles market and market penetration gains with Chinese original equipment manufacturers, versus China auto builds which grew 4%. Auto builds of foreign automotive manufacturers in China, where the Company has higher content per vehicle, decreased 17%.

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

• The decreases for APAC were primarily due to continued weakness in the Systems business in China.

Item 7, MD&A, 10-K Nov 14, 2025open_in_new

performance of the APAC segment. The continuation of economic weakness in China or in other regions could adversely impact our financial performance in such regions, as well as our consolidated financial performance.

Item 1A, Risk Factors, 10-K Nov 14, 2025open_in_new

• Increasing trade tensions between the United States and certain countries, including China;

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… As of December 31, 2025, we have manufacturing operations in 22 countries outside the United States, with significant operations in Canada, China, France, Germany, Mexico, Serbia, Poland and the United Kingdom. A disruption of our ability to obtain a supply …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… In addition to the United States, Canada, and Mexico in North America and France, United Kingdom, Hungary, and Germany in Europe, Howmet has operating activities in numerous other countries and regions, including Japan and China. Governmental policies, laws and regulations …

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

… 10 charge related to the July 4, 2025 enactment of the One Big Beautiful Bill Act (“OBBB”), and an $8 net charge related to the expiration of the 2024 tax holiday in China which was reinstated for the 2025 year.

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

We utilize derivative and hedging instruments to manage our exposure to currency fluctuations, primarily related to the European euro, British pound sterling, Chinese renminbi, Mexican peso and the U.S. dollar. We review our hedging program, derivative positions and overall risk management on a regular basis. We currently do not have any derivative instruments for which we have designated hedge accounting.

Item 7, MD&A, 10-K Feb 10, 2026open_in_new

Our results of operations and financial position are also impacted by changes in currency exchange rates. Unfavorable currency exchange rates, particularly the euro, the Chinese renminbi, the Canadian dollar, the British pound sterling and the Mexican peso, have in the past adversely impacted us, and could adversely impact us in the future. Fluctuations in currency exchange rates may also present challenges in comparing our operating performance from period to period.

Item 1A, Risk Factors, 10-K Feb 10, 2026open_in_new

We are exposed to fluctuations in foreign currency exchange rates, particularly with respect to the euro, the yen, the pound sterling and the Chinese yuan. Any significant change in the value of the currencies of the countries in which we …

Item 1A, Risk Factors, 10-K Dec 17, 2025open_in_new

… presidential administration has imposed and significantly increased tariffs on foreign imports into the United States, particularly from Canada, China and Mexico. In response, many foreign countries have implemented or increased tariffs on imports into their countries. Other effects of these …

Item 1A, Risk Factors, 10-K Dec 17, 2025open_in_new

… States and approximately $591 million was held outside of the United States, primarily in Europe, South Africa, India and China. While repatriation of some cash held outside the United States may be restricted by local laws, most of the Company …

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

… Our global headquarters for the Transit group is located in France, and we conduct other international operations through a variety of wholly and majority-owned subsidiaries and joint ventures, including in Australia, Austria, Brazil, Canada, China, Czech Republic, France, Germany …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

The organic decrease in Net sales of 5% was driven by volume reductions within certain end-markets compared with the prior year. Results in China decreased (down 12%) as residential end-markets experienced economic challenges impacting both demand and price. Commercial end-markets in China were flat compared with the prior year. These results were partially offset by ongoing end-market demand in a majority of the region's remaining geographies.

Item 7, MD&A, 10-K Feb 5, 2026open_in_new

… In addition, as part of our globalization strategy, we have invested in certain countries, including Mexico, Brazil, China, India, Saudi Arabia and other countries in the Middle East. Emerging markets can present many risks, including cultural differences (such as employment …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

The decrease in organic revenue was primarily driven by lower volumes in China, partially offset by higher volumes in the rest of Asia.

Item 7, MD&A, 10-K Feb 5, 2026open_in_new

… Governments including the U.S., China, United Kingdom, and those of the European Union have imposed export controls on certain products and financial and economic sanctions on certain industry sectors and parties in Russia which has triggered retaliatory sanctions by …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

… The other members of SkyTeam are Aerolíneas Argentinas, Aeroméxico, Air Europa (Spain), Air France, China Airlines, China Eastern, Garuda Indonesia, Kenya Airways, KLM, Korean Air, Middle East Airlines, SAS Scandinavian Airlines, Saudia, TAROM (Romania), Vietnam Airlines, Virgin Atlantic and Xiamen …

10-K, 10-K Feb 11, 2026open_in_new

Some of these relationships include minority equity investments. For example, we own a 2% equity interest in China Eastern, with whom we have a strategic joint marketing and commercial cooperation arrangement covering traffic flows between China and the U.S. In 2025, we acquired an approximately 13% minority equity stake in WestJet, with whom we have a strategic commercial cooperation agreement covering traffic flows between the U.S. and Canada.

10-K, 10-K Feb 11, 2026open_in_new

Efforts to grow our businesses depend in part upon access to and developing and maintaining market share and profitability in additional geographic markets, including, but not limited to, Argentina, Brazil, CIS, China, India, and South Africa. Particularly, we have invested …

Item 1A, Risk Factors, 10-K Dec 18, 2025open_in_new

… For example, certain of our products, including motors, batteries, and other components, rely on rare earth minerals for their manufacturing, of which a significant majority are sourced from China. The inability to obtain export permits for rare earth minerals could …

Item 1A, Risk Factors, 10-K Dec 18, 2025open_in_new

Certain of our businesses have sales or operations in countries, including Brazil, India and China, and may in the future invest in other countries, any of which may carry high levels of currency, political, compliance, or economic risk. While these risks or the impact of these risks are difficult to predict, any one or more of them could adversely affect our businesses and reputation.

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… countries, including Canada, substantially all of the European countries, Mexico, Brazil, China, India and other Asian countries. Therefore, we have foreign currency risk relating to receipts from customers, payments to suppliers and intercompany transactions denominated in foreign currencies. We will …

Item 7, MD&A, 10-K Feb 13, 2026open_in_new

… We obtain certain of our products, and our suppliers obtain certain of their products, from China, Taiwan, South Korea, and other foreign countries. Our suppliers could discontinue or experience disruption in selling products manufactured in foreign countries at any time …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

… or price of our products, with potentially adverse impacts on our gross and operating profit percentages and financial results. China represents a significant source of product for North America. In addition, we move and source products within North America. Any …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

• changes in foreign currency exchange rates, especially in the euro, Chinese yuan, British pound, Canadian dollar, Australian dollar, Mexican peso, Hong Kong dollar, and Japanese yen, which can affect our sales levels and foreign currency sales prices;

Item 1A, Risk Factors, 10-K Jul 20, 2026open_in_new

… Also, China and certain other jurisdictions have enacted more stringent data localization requirements. An actual or alleged failure to comply with applicable United States or foreign data protection laws, regulations, or other data protection standards or cybersecurity regulations may expose …

Item 1A, Risk Factors, 10-K Jul 20, 2026open_in_new

… dollar, Euro, British Pound and the Chinese Renminbi; exchange controls; changes in and uncertainties with respect to tariffs and import/export trade restrictions, as well as other changes in political policy in the United States, China, the U.K. and …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… dollars and Euros, British Pounds and Chinese Renminbi, affect our operating results. The effects of exchange rate fluctuations on our future operating results are unpredictable because of the number of currencies in which we do business and the potential volatility …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… foreign trade policy with respect to China, including any changes to the trade policies that have been adopted, and that may result from the IEEPA Ruling, including any alternative legislative or executive actions that may be adopted to reimpose similar …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… Regional conflicts, including the Russian invasion of Ukraine, conflict in the Middle East, tension between China and Taiwan, could result in sanctions, regional market instability, increased energy and transportation costs, and other adverse regional financial and economic conditions, any of …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

• Announced six strategic partnerships with Icelandair, EVA Air, China Airlines, Philippine Airlines, Condor, and Turkish Airlines.

Item 7, MD&A, 10-K Feb 5, 2026open_in_new

The Company has entered into interline partnership agreements for international flights, including with Icelandair, China Airlines, EVA Air, Philippine Airlines, Condor, and Turkish Airlines. The Company is also actively pursuing partnerships with other international carriers for transpacific and transatlantic service …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

… In 2025 we entered into cross-currency swaps that we designated as a partial hedge of our net investment in certain Euro, Swiss franc, and Chinese yuan functional currency denominated subsidiaries. There were no net investment hedges as of September …

Item 7, MD&A, 10-K Nov 12, 2025open_in_new

Changes in trade policies, including the imposition of new tariffs or increases in existing tariffs between the United States, Mexico, Canada, China or other countries, or reactionary measures including retaliatory tariffs, legal challenges, or currency manipulation, could adversely affect our …

Item 1A, Risk Factors, 10-K Nov 12, 2025open_in_new

… The Chinese sanctions against RMD included a fine equal to twice the value of the arms that RMD sold to Taiwan since September 2020. Since that time, China has announced additional sanctions against the Raytheon business and a Collins joint …

Item 7, MD&A, 10-K Feb 6, 2026open_in_new

… government policy, and we are unable to determine the potential impact, if any, of any future sanctions or other actions by China in response to these sales. Moreover, the Chinese government has generally expanded its ability to restrict China-related …

Item 1A, Risk Factors, 10-K Feb 6, 2026open_in_new

… international trade relations, including those with China, Canada, the European Union and other nations. Starting in the first quarter of 2025, the United States government announced additional tariffs on goods imported into the U.S. from numerous countries and multiple …

Item 7, MD&A, 10-K Feb 12, 2026open_in_new

… These include political, economic and social instability, such as acts of war, armed conflicts, civil disturbance or acts of terrorism, local labor conditions, and adverse changes in trade relations with China, Canada, the European Union and other nations. These also …

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… Although a significant portion of our assets constitute investments in non-controlled entities (including in China), referred to elsewhere in this Annual Report on Form 10-K as minority-owned entities, we believe that we are not an investment company …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

… persons’ sensitive personal data to specified countries, including China and its territories. Such prohibitions could adversely impact our business and operations. In the event we are unable to comply with such prohibitions, we could be subject to investigations, enforcement actions …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

Throughout 2025, the U.S. government announced tariffs on imports from several countries from which we manufacture and/or import products and components. In 2025, we have offset inflation due to tariffs with pricing actions. We estimate we source approximately 20-25% of Cost of goods sold from Mexico and less than 5% of Cost of goods sold from China. The degree to

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… and internationally, including in Australia, Canada, China, Europe, Mexico, New Zealand and the Middle East. The political, economic and regulatory environments in which we operate are becoming increasingly volatile and uncertain. Accordingly, we are subject to multiple risks that are …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

• Partially offset by unfavorable impact of foreign currency translation, driven by the strengthening of the U.S. dollar against the Turkish lira, Chinese renminbi, and Canadian dollar, offset by the weakening of the U.S. dollar against the British pound.

Item 7, MD&A, 10-K Feb 17, 2026open_in_new

… continues to implement certain trade actions, including imposing tariffs on certain goods imported from China and other countries, which has resulted in retaliatory tariffs by China and other countries. The recent changes in U.S. trade policy involving the application …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

• government import and export controls, embargoes, sanctions or trade restrictions, including possible restrictions on trade and/or obstacles to conducting business in China;

Item 1A, Risk Factors, 10-K Aug 21, 2026open_in_new

renegotiation of the United States-Mexico-Canada Agreement. Any increased trade barriers or restrictions on global trade, including trade with China or among North American trading partners, could adversely impact our business, results of operations or financial condition.

Item 1A, Risk Factors, 10-K Aug 21, 2026open_in_new

We also lease offices in 11 states in the U.S., and 34 offices outside the U.S. to support our international operations in Australia, Canada, China, Costa Rica, Germany, India, Ireland, Japan, Nepal, Poland, Singapore, Spain, Sweden, and UK.

10-K, 10-K Feb 18, 2026open_in_new

… from this evolving threat, which supports pricing and underwriting decisions down to the level of an individual policy, as well as models for estimating losses to crop insurance programs in the U.S., Canada, India, and China. Our newest models …

10-K, 10-K Feb 18, 2026open_in_new

… It has also imposed or has indicated its intent to impose increased tariffs on foreign imports into the United States, particularly from the People’s Republic of China (“PRC”), Mexico, and Canada. Such tariffs could have a significant impact on …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We currently purchase both off-the-shelf and custom components, including finished circuit boards, injection-molded plastic components, small machined parts, custom cartridge components, electronic components and sub-assemblies from suppliers located in the United States, Taiwan, Mexico, China, Germany and Vietnam, among others. We acquire most of our components on a purchase order basis and do not currently have significant long-term purchase contracts with most component suppliers.

Item 8, Financial Statements, 10-K Feb 25, 2026open_in_new

… Dollar versus the Euro, Chinese Yuan, Singapore Dollar, Canadian Dollar, and Mexican Peso. All other things being equal, a hypothetical 10 percent weakening of the U.S. Dollar against these currencies on December 31, 2025, would have decreased our net …

10-K, 10-K Feb 13, 2026open_in_new

… Dollar, primarily the Chinese Yuan, Euro, Canadian Dollar, Mexican Peso, and Singapore Dollar. We operate through a network of offices in North America, Europe, Asia, Oceania, South America, and the Middle East. Due to the global nature of our business …

10-K, 10-K Feb 13, 2026open_in_new

On April 23, 2023, Eaton acquired a 49 percent stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers in China. Eaton accounts for this investment on the equity method of accounting and it is reported within the Electrical Global business segment.

10-K, 10-K Feb 26, 2026open_in_new

… Ltd., a manufacturer of power distribution and sub-transmission transformers in China. Exertherm May 20, 2024 Electrical Americas ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── A U.K. based provider of thermal monitoring solutions for electrical equipment. NordicEPOD AS May 31, 2024 Electrical Global A 49 percent …

10-K, 10-K Feb 26, 2026open_in_new

… These changes include renegotiating and terminating certain existing bilateral or multi-lateral trade agreements, such as the U.S.-Mexico-Canada Agreement, and initiating tariffs on certain foreign goods from a variety of countries and regions, most notably China, India …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

… Italy Owned Manufacturing, office, warehouse, R&D International Villanova d'Ardenghi, Italy Owned Manufacturing, office, warehouse International Sydney, Australia Leased Sales, office, warehouse International Foshan, China Owned Manufacturing, office, warehouse, R&D International Suzhou, China Leased Office, R&D International ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

10-K, 10-K Feb 18, 2026open_in_new

Government actions relating to rare earth minerals that are used in certain of our products, including U.S. Government sourcing prohibitions on the import of such minerals and the imposition of export controls on such minerals by China, have

Item 1A, Risk Factors, 10-K Jan 29, 2026open_in_new

… Conflicts in Ukraine and elsewhere have increased the threat of malicious cyber activity from nation states and other actors. China has placed restrictions on and sanctioned our company and certain executives in connection with foreign military sales by the U …

Item 1A, Risk Factors, 10-K Jan 29, 2026open_in_new

… and China, or more broadly in global trade conflict, could have a material adverse effect on the Company's business and operations around the world. The Company's business is also impacted by social, political, and labor conditions in locations …

Item 1A, Risk Factors, 10-K Feb 3, 2026open_in_new

As a result of certain employment commitments and capital investments made by 3M, income from certain foreign operations in the following countries is subject to reduced tax rates or, in some cases, is exempt from tax for years through the following: Singapore (2025), Switzerland (2026), China (2028) and Brazil (2034). The continuing income tax benefits attributable to the tax status of these subsidiaries are as follows:

Item 8, Financial Statements, 10-K Feb 3, 2026open_in_new

… In addition, we offer wage and tax collection and/or remittance services in the United States, Canada, the United Kingdom, Australia, India, China, Hong Kong, Macau, Malaysia, and Taiwan. Our PEO business offers services exclusively for employees located in the …

10-K, 10-K Aug 5, 2026open_in_new

… and security risk, compliance, and audit responsibilities across the U.S., Latin America, United Kingdom, Eastern Europe, Singapore, and China. Our CISO is responsible for developing, implementing, and overseeing our overall information security program, including cybersecurity risk management, governance and …

10-K, 10-K Aug 4, 2026open_in_new

… and China. Our policies require that all of our employees, subcontractors, vendors, and agents worldwide must comply with applicable anti-bribery and sanction laws. However, there is no assurance that our policies and procedures to ensure compliance with the FCPA …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

… and Canada and is subject to specific risks of conducting business in different jurisdictions across these countries and other parts of the world, including Barbados, China, India, Mexico, South Korea, Switzerland, Taiwan, Thailand, Trinidad and Tobago, the U.K. and …

Item 1A, Risk Factors, 10-K Sep 26, 2025open_in_new

The Aerospace segment is subject to FAA regulation in the United States and other similar aviation regulatory authorities internationally, including the Civil Aviation Administration of Israel (CAAI), the European Aviation Safety Agency (EASA) and the Civil Aviation Administration of China …

10-K, 10-K Jan 30, 2026open_in_new

… and China, or in global trade conflict more broadly could be harmful to global economic growth or to our business in or with China or other countries. Our operations and performance are also affected by local and regional economic environments …

Item 1A, Risk Factors, 10-K Jan 29, 2026open_in_new

… and China and uncertainty in the E.U., Asia and elsewhere, have increased levels of

Item 1A, Risk Factors, 10-K Nov 20, 2025open_in_new

… For example, some materials and components in our supply chain have previously been sourced from areas now under sanctions or other trade restrictions, such as specialty metals from Russia and certain equipment from China, or are currently sourced from areas …

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… administration or foreign governments, including China, will or will not do with respect to tariffs or international trade agreements and policies, including the United States-Mexico-Canada Agreement, the current version of which is due for review in 2026. Additionally …

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

… In recent years, for example, inflation, the Ukraine-Russia conflict, United States-China relations, the Israel-Gaza conflict, monetary policy changes, and the resulting increases in interest rates have negatively impacted the economy, disrupted supply chains and created significant volatility …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

For 2025, income tax payments, net of refunds by jurisdiction totaled $ 19 million for the U.S. Federal jurisdiction, $ 13 million for the states and $ 72 million for non-U.S. jurisdictions, which included $ 23 million, $ 18 million, $ 8 million, $ 6 million and $( 5 ) million in Canada, Mexico, China, Czech Republic and Spain, respectively.

Item 8, Financial Statements, 10-K Feb 11, 2026open_in_new

… Significant and sustained interruptions of trade with Mexico, Canada, or countries in Southeast Asia, including China, could adversely affect customers and other entities that, directly or indirectly, purchase or rely on rail transportation services in the U.S. as part …

Item 1A, Risk Factors, 10-K Feb 6, 2026open_in_new

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Not mentioned in the latest 10-K.

Not mentioned in the latest 10-K.

Not mentioned in the latest 10-K.

Not mentioned in the latest 10-K.