Modified · Recent Events

On February 20, 2026, the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) by the executive branch are not lawful. On March 4, but did not provide guidance on how 2026, the CIT ordered CBP to begin the refund process for all importers may claim refunds ofwho were subject to IEEPA tariffs previously paid. On March 4April 20, 2026, the Court of International Trade (CIT) ordered U.S. Customs and Border Protection (CBP) to begin the CBP established an online portal through which companies can submit IEEPA tariff refund requests. We submitted our refund process for all importers who were subject to IEEPA duties. The situation continues request on April 28, 2026, which is described in Note 1 of the notes to evolve, and further legislative, regulatory, or judicial developments may affect the ultimate outcome our accompanying condensed consolidated financial statements. The CIT order has been appealed and the availability or timing of any refundswe will continue to monitor U.S. We are currently evaluating the impact that the ruling may havetariff-related developments for further updates and any associated impacts on our consolidated financial statements.