Our business is primarily subject to interest rate and foreign currency risk. Our exposure to these risks, as described in Part II, Item 7A in the 2025 Form 10-K, has not changed materially. Interest rate exposure Of our $3.8 billion in total borrowings as of June 30, 2026, approximately $1.6 billion was fixed rate debt. Considering these fixed rate borrowings and the interest rate hedges on our variable rate debt, with maturities ranging from seven months to approximately four years, as of June 30, 2026, 60% of our total debt was either fixed rate or converted to a fixed rate. Based on our debt structure, assuming a 50 basis point decrease/increase in interest rates, interest expense over the following 12 months would decrease/increase by an estimated $7.8 million. Foreign currency exposure We operate internationally and enter into transactions denominated in various foreign currencies. During Q2 2026, our revenues from operations outside the U.S. were $221.7 million.