Quantitative and qualitative disclosures about market risk appear in “Item 7A - Quantitative and Qualitative Disclosures About Market Risk” and “Item 1A - Risk Factors” in the Company’s Form 10-K filed on February 12, 2026. Excluding the information discussed below, there were no material changes to this information during the quarter ended June 30, 2026. Currency Exchange Rate Risk Currency exchange rate risk refers to the possibility that the Company may incur economic losses due to adverse changes in currency exchange rates. The Company operates globally and transacts in multiple currencies in addition to its reporting currency, the U.S. Dollar. Although the Company generally uses the national or regional currency as the functional currency of its local entities, the Company has a significant amount of transactions in non-functional currency denominations including U.S. Dollar, Euro, Chinese Renminbi, British Pound and Mexican Peso. Foreign currency exposures are reviewed periodically, and any natural offsets are considered prior to entering into a derivative financial instrument. The Company mitigates its currency exchange rate risk by establishing production facilities and sourcing raw materials in the same region that products are sold to customers. 43 Table of Contents In addition, the Company executed an intercompany loan designated as a net investment hedge to mitigate specific exchange rate translation risk. As of June 30, 2026 and December 31, 2025, the Company deferred a pre-tax loss of $6 million for the designated net investment hedge within the cumulative translation account within accumulated other comprehensive income, a component of total shareholders’ equity. Currency translation adjustments, including the impact of the net investment hedges discussed above, during the six months ended June 30, 2026 and 2025, are shown in the following tables, which provide the percentage change in U.S. Dollars against the respective currencies and the approximate impacts of these changes recorded within other comprehensive income (loss) for the respective periods. (in millions, except for percentages) June 30, 2026 Chinese Renminbi 3 % $ 17 Brazilian Real 6 % $ 10 British Pound (2) % $ (12) Euro (3) % $ (16) (in millions, except for percentages) June 30, 2025 Euro 14 % $ 84 British Pound 10 % $ 26 Brazilian Real 14 % $ 19 Chinese Renminbi 2 % $ 9