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Notably, demand in the residential construction market in which we sell our aggregates products is affected by interest rates. While the Federal Reserve lowered interest rates several times during 2025, they remain above the current rate of inflation

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

Our businesses are sensitive to interest-rate and credit conditions because a substantial portion of demand for our products is tied to the construction markets. Therefore, our business in these industries may experience declines from sustained high or rising interest rates and cost increases.

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

of our exposure to variable interest rates by entering into interest rate swaps from time to time, we cannot provide assurances that we

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

• conditions in the financial markets, including counterparty risk, insurance carrier risk, rising interest rates, rising commodity

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

… The Company uses interest rate swaps to manage its interest rate profile. Significant acquisition activity could adversely affect our leverage profile and, in turn, adversely impact operating and financial flexibility as well as financial position. There can be no assurance …

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

InternationalOur International businesses are more heavily exposed to the new-build residential sector, which is expected to gradually recover as a lower interest rate environment unfolds.

Item 7, MD&A, 10-K Feb 18, 2026open_in_new

2. Cash requirements for interest on long-term debt was calculated using current interest rates at December 31, 2025, and includes $130 million of various floating rate notes.

Item 7, MD&A, 10-K Feb 3, 2026open_in_new

… The Company’s global business operations also give rise to market risk exposure related to changes in inflation, foreign currency exchange rates, including the impact of foreign currency exchange rates resulting from highly inflationary economies such as Argentina, interest rates …

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

exposing us to interest rate risk since a portion of our debt obligations are at variable rates. For example, a one percentage point increase in the average interest rate on our floating rate debt at December 31, 2025 would increase future interest expense by approximately $15 million per year; and

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

*Interest on variable rate debt was calculated using the interest rate at December 31, 2025.

Item 7, MD&A, 10-K Feb 23, 2026open_in_new

If market interest rates increase, our variable-rate debt and any need to refinance debt will create higher debt service requirements, which adversely affects our cash flows. While we sometimes enter into agreements limiting our exposure, any such agreements may not offer complete protection from this risk.

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

… from a higher amount of weighted average principal outstanding during the year, resulting mainly from the issuance of new notes, partially offset by a decrease of $21 million from lower weighted average interest rates on outstanding debt during the year.

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

… As deemed necessary, Linde manages its exposure to interest-rate changes through the use of financial derivatives (see Note 12 to the consolidated financial statements and Item 7A. Quantitative and Qualitative Disclosures About Market Risk).

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

… Under the European debt issuance program, Linde plc may issue unsecured notes with such terms, including currency, interest rate and maturity, as agreed by Linde plc and the purchasers of such notes at the time of sale and as set …

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

Our funding obligations for our pension plans are impacted by the performance of the financial markets, particularly the equity markets and interest rates. Funding obligations are determined under government regulations and are measured each year based on the value of …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

As of December 31, 2025, we had $5.637 billion aggregate principal amount outstanding in senior unsecured notes, with $940 million principal amount denominated in EUR and $4.697 billion principal amount denominated in USD. The notes bear effective interest rates ranging from 1.56% per year to 5.12% per year, with maturities from September 25, 2026 to December 1, 2050. See Note 14 to the Consolidated Financial Statements for additional information.

Item 7, MD&A, 10-K Feb 27, 2026open_in_new

From time to time, we enter into interest rate swap agreements to hedge our exposure to changes in future interest rates related to anticipated debt issuances. At December 31, 2025 and 2024, we had no interest rate swap agreements in effect.

Item 7, MD&A, 10-K Feb 27, 2026open_in_new

• political and economic instability, inflation and adverse economic conditions resulting from governmental attempts to reduce inflation, such as imposition of higher interest rates and wage and price controls;

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

Federal Reserve cut interest rates in 2025, mortgage rates have remained high and we have not experienced meaningful positive impacts on demand for our products that serve these segments of the economy to date. Although changes in inflation, the interest …

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

The Company is exposed to market risk associated with interest rates, foreign currency and commodity fluctuations. The Company occasionally utilizes derivative instruments as part of its overall financial risk management policy, but does not use derivative instruments for speculative or …

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

4. Payments in “Thereafter” column for benefit plans are for the years 2031-2035. The future contributions are based on current economic conditions and may vary based on future interest rates, asset performance, participant longevity and other plan experience.

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

At December 31, 2025, total debt to Adjusted EBITDA was 1.9 times (1.8 times on a net debt basis reflecting $189.4 million of cash on hand). Our weighted-average debt maturity was 13.7 years, and our total weighted-average effective interest rate was 5.04%.

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

Nucor manages interest rate risk by using a combination of variable-rate and fixed-rate debt. At December 31, 2025, approximately 24% of Nucor’s long-term debt consisted of instruments with variable interest rates, primarily IDRBs that are adjusted …

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

Interest expense decreased in 2025 compared to 2024 due to an increase in capitalized interest. Interest income decreased in 2025 compared to 2024 due to lower average investments and a decrease in average interest rates on investments.

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

… Our indebtedness includes $1.0 billion with floating interest rates. An increase in interest rates will increase the amount we must pay to service our indebtedness. We and our subsidiaries are not restricted from incurring, and may incur, additional indebtedness …

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

Interest expense, net, during 2025 increased $38 million compared to 2024. The increase in interest expense, net was primarily due to higher interest expense in 2025 as a result of the Company’s financing for the Greif Acquisition and the November 2023 debt refinancing and lower interest income as a result of lower interest rates on lower cash balances due to the Greif Acquisition.

Item 7, MD&A, 10-K Feb 26, 2026open_in_new

… There is a high level of uncertainty surrounding future global economic conditions due to a number of factors, including the impact of fluctuating interest rates, geopolitical uncertainty, including the international impacts of the ongoing wars in Ukraine and increasing tensions …

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

The Company uses interest rate swaps from time to time to manage its exposure to changing interest rates. When outstanding, the interest rate swaps are typically designated as fair value hedges of certain outstanding debt obligations of the Company and are recorded at fair value.

Item 8, Financial Statements, 10-K Feb 19, 2026open_in_new

… Estimated interest payments on our senior unsecured notes were determined based on their outstanding balances through maturity at their contractual interest rates, as detailed in Note 3. Estimated interest payments also include a 0.175% commitment fee on our available …

Item 7, MD&A, 10-K Feb 27, 2026open_in_new

A prospective decline in consumer and business confidence and spending, which is often coupled with reductions in the availability of credit or increased cost of credit and interest rates, as well as volatility in the capital and credit markets, may …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

• expose us to the risk of increased interest rates because certain of our borrowings, including borrowings under our revolving credit agreement, could be at variable rates of interest;

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

We consider options to refinance our outstanding indebtedness from time to time. Our ability to obtain any financing, whether through the issuance of new debt securities or otherwise, and the terms of any such financing are dependent on, among other things, our financial condition, financial market conditions within our industry and generally, interest rate fluctuations, credit ratings and numerous other factors, including factors beyond our control. Consequently, in the event that we need to

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

At December 31, 2025, we had total future debt maturities based on principal amounts of $9.4 billion, of which 93% was fixed-rate debt. The table below presents average interest rates for our scheduled maturities of principal for our outstanding debt and the related fair values at December 31, 2025 (in millions, except percentages):

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

At December 31, 2025, consolidated debt totaled $9.4 billion, with a weighted-average interest rate of 5.2%. Substantially all of our outstanding debt is fixed-rate and our total debt has an average remaining duration of approximately eight years. There are no senior note maturities scheduled in 2026 and $1.3 billion scheduled in 2027.

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

… Further, the interest rate of Newmont’s $1 billion aggregate principal amount of 2.6% Sustainability-Linked Senior Notes due 2032 is linked to Newmont’s performance against certain ESG commitments regarding 2030 emissions reduction targets and the representation of …

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

• other macroeconomic events impacting inflation, interest rates, supply chain, and capital markets;

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

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