Our exposure to market risk consists of changes in interest rates, foreign currency rate fluctuations and movements in commodity prices. Interest Rate Risk Our principal interest rate exposure relates to outstanding amounts under our Senior Secured Credit Facility. Our Senior Secured Credit Facility provides for variable rate borrowings of up to $2,698 million, including our $506 million Term Loan, $1,197 million Incremental Term Loan and $995 million available under our Revolving Credit Facility, net of $5 million of letters of credit. A one-eighth percent increase or decrease in assumed interest rates for the Senior Secured Credit Facility, if fully drawn as of June 30, 2026, would have an impact of approximately $3 million on interest expense per year. Exchange Rate Risk We conduct business in various locations throughout the world and transact in numerous foreign currencies. As a result, we are exposed to volatility in our results of operations related to movements in foreign currency exchange rates. The U.S. dollar is our reporting currency, but the functional currencies of our foreign subsidiaries are primarily the local currency in the country of domicile or the currency in which the subsidiary conducts its operations. To help manage these transaction and translation exposures to exchange rate changes, we have entered into cross-currency swap contracts that, in the aggregate, effectively hedge $1,000 million of the euro exposure associated with our net investment in our euro-functional subsidiaries. We intend to expand our use of derivative financial instruments, including foreign currency forward contracts, to further hedge this exposure. As appropriate, we will designate these derivative financial instruments as hedges that qualify for hedge accounting. Commodity Price Risk We are subject to changes in our cost of sales caused by movements in underlying commodity prices. As of June 30, 2026, approximately 64% of our cost of sales consisted of purchased components. A substantial portion of the purchased parts are made of aluminum, steel and iron. The cost of aluminum parts includes an adjustment factor on future purchases for fluctuations in aluminum prices based on accepted industry indices. In addition, a substantial amount of iron- and steel-based contracts also include an index-based component. As our costs change, we are able to pass through a portion of the changes in commodity prices to certain of our customers according to our LTAs. We historically have not entered into long-term purchase contracts related to the purchase of aluminum, steel or iron. 49 Table of Contents