Genuine Parts Company

“Our network operates in large and fragmented markets with a combined total addressable market estimated to be over $200 billion.”

Annual report 2025A · The company itself

“Incorporated in the State of Georgia in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions.”

Annual report 2025A · The company itself

“Segment Information We are a global service provider of automotive and industrial replacement parts and value-added solutions, and our operating segments are organized based on the type of product sold and geography.”

Annual report 2025A · The company itself

“Our North America Automotive and International Automotive segments distribute replacement parts for substantially all makes and models of automobiles, trucks, and other vehicles.”

Annual report 2025A · The company itself

“Together, these segments serve over one million customer locations including repair shops, dealerships, fleet operators, and retail consumers by delivering extensive product offerings with speed and reliability. Most orders are fulfilled quickly from well-stocked inventories, reducing vehicle downtime for our end customers. We serve two primary customer types: •Do-It-For-Me (DIFM): commercial customers including independent and national repair centers, dealerships, service stations, and public and private fleets. •Do-It-Yourself (DIY): retail customers who shop through company-owned and independently-owned stores as well as digital platforms.”

Annual report 2025A · The company itself

“Incorporated in the State of Georgia in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions.”

Annual report 2025A · The company itself

“Europe Australasia Total Distribution centers 71 14 85 Company-owned stores 796 568 1,364 Independent affiliate stores 1,750 — 1,750 Total locations 2,617 582 3,199 Industrial Segment Business Overview Our Industrial segment, which represents 37% of total GPC net sales, operates across North America and Australasia through our wholly-owned subsidiaries Motion Industries, Inc. (“Motion”), headquartered in Birmingham, Alabama, and Motion Asia Pacific, headquartered in Sydney, Australia. We provide replacement parts and value-added solutions to maintenance, repair and operation (“MRO”) customers and original equipment manufacturer (“OEM”) customers, serving a total addressable market estimated to be over $150 billion.”

Annual report 2025A · The company itself

“Segment Information We are a global service provider of automotive and industrial replacement parts and value-added solutions, and our operating segments are organized based on the type of product sold and geography.”

Annual report 2025A · The company itself

“Our Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, hydraulic and pneumatic products, material handling components and other related parts and supplies.”

Annual report 2025A · The company itself

“We offer a broad range of industrial products including: •Bearings, seals and gaskets •Hose, fittings, hydraulics and pneumatics components •Abrasives, adhesives, sealants, and tape •Pumps and power transmission •Tools and testing equipment •Electrical supplies and safety products •Chemicals and janitorial supplies Our customers span numerous industries such as aggregate and cement, automotive, chemical and allied products, equipment and machinery, equipment rental and leasing, fabricated metals, food and beverage, iron and steel, mining, lumber and wood, oil and gas, pulp and paper, and rubber products.”

Annual report 2025A · The company itself

“In the automotive aftermarket industry, growth is driven by increases in miles driven, a growing and aging vehicle fleet, rising complexity in vehicle technology, and expanding opportunities in electric and hybrid vehicles.”

Annual report 2025A · The company itself

“Our network operates in large and fragmented markets with a combined total addressable market estimated to be over $200 billion.”

Annual report 2025A · The company itself

“Because we seek to offer competitive prices, we may be forced to reduce our prices if our competitors reduce their prices or increase promotional spending, which could result in a material decline in our revenues and earnings.”

Annual report 2025A · The company itself

“Our DIFM and DIY customers represent approximately 80% and 20%, respectively, of sales in the aggregate across our two Automotive segments.”

Annual report 2025A · The company itself

“In the automotive aftermarket industry, growth is driven by increases in miles driven, a growing and aging vehicle fleet, rising complexity in vehicle technology, and expanding opportunities in electric and hybrid vehicles.”

Annual report 2025A · The company itself

“Additionally, we are committed to sustainable business practices, including the distribution of recycled automotive parts through our Back2Car program in Europe, and ongoing innovation to support the growing electric and hybrid vehicle markets globally.”

Annual report 2025A · The company itself

“Key product categories include: •Replacement parts such as brakes, batteries, filters, engine components, and fluids •Accessories and specialty equipment for both automotive and heavy-duty vehicles •Tools and diagnostic devices for repair and maintenance •Paint, body care, and collision repair supplies (in select markets) We believe we create value for our customers through: •Advanced inventory management using data analytics to ensure product availability where it’s needed most •Extensive distribution networks combined with omni-channel digital platforms for fast, reliable delivery •Technical expertise and training programs that support customers and independent stores alike •Programs such as the NAPA Auto Care network, which provide branding support, increased visibility, and supply benefits for independent repair centers •Specialized services offered at select locations, including paint mixing, battery testing, hydraulic hose assembly, and key cutting Together, these products and services enable us to meet the evolving needs of the global automotive aftermarket, helping keep vehicles running smoothly and minimizing downtime for our customers.”

Annual report 2025A · The company itself

“We have strategically targeted specialty industries in power generation, alternative energy, government, transportation, ports, and emerging sectors like electric vehicle battery production.”

Annual report 2025A · The company itself

“In the industrial distribution industry, growth is supported by increased manufacturing activity across our diverse end markets, shifts in global supply chains, rising demand for automation and robotics, and an aging technical workforce.”

Annual report 2025A · The company itself

“Consolidation among our competitors could further enhance their financial position, provide them with the ability to offer more competitive prices to customers for whom we compete, take advantage of acquisitions and other opportunities more readily, rapidly scale and invest in their businesses, more successfully utilize developing technology, including data analytics, artificial intelligence, and machine learning, and allow them to achieve increased efficiencies in their consolidated operations that enable them to more effectively compete for customers.”

Annual report 2025A · The company itself

“Additionally, in undertaking the transformation plan for our business, we have integrated our strategic initiatives into a cohesive business model which balances competing priorities. If we are unable to continue to implement these strategic initiatives, such as our technology, supply chain and sales effectiveness initiatives, efficiently and effectively, or if these strategic initiatives are unsuccessful, our business, financial condition, results of operations and cash flows could be adversely affected. To facilitate this transformation plan, we are continuing to make substantial investments, recruit new talent, and optimize our business model, management system, and organization.”

Annual report 2025A · The company itself

“The sale of automotive and industrial parts, particularly replacement automotive parts, is highly competitive and impacted by many factors, including name recognition, product availability, customer service, changing customer preferences, store location, and pricing pressures.”

Annual report 2025A · The company itself

“Our retail and business customers increasingly demand convenient, easy-to-use e-commerce tools as an option to conduct their business with us.”

Annual report 2025A · The company itself

“In addition, the automotive aftermarket industry continues to experience consolidation. Consolidation among our competitors could further enhance their financial position, provide them with the ability to offer more competitive prices to customers for whom we compete, take advantage of acquisitions and other opportunities more readily, rapidly scale and invest in their businesses, more successfully utilize developing technology, including data analytics, artificial intelligence, and machine learning, and allow them to achieve increased efficiencies in their consolidated operations that enable them to more effectively compete for customers.”

Annual report 2025A · The company itself

“We regularly consider and enter into strategic transactions, including mergers, acquisitions, investments, alliances, and other growth and market expansion strategies, with the expectation that these transactions will result in increases in sales, cost savings, synergies and various other benefits. Assessing the viability and realizing the benefits of these transactions is subject to significant uncertainty, and we face significant competition in pursuing strategically beneficially transactions.”

Annual report 2025A · The company itself

“We offer a broad range of industrial products including: •Bearings, seals and gaskets •Hose, fittings, hydraulics and pneumatics components •Abrasives, adhesives, sealants, and tape •Pumps and power transmission •Tools and testing equipment •Electrical supplies and safety products •Chemicals and janitorial supplies Our customers span numerous industries such as aggregate and cement, automotive, chemical and allied products, equipment and machinery, equipment rental and leasing, fabricated metals, food and beverage, iron and steel, mining, lumber and wood, oil and gas, pulp and paper, and rubber products.”

Annual report 2025A · The company itself

“Additionally, we are committed to sustainable business practices, including the distribution of recycled automotive parts through our Back2Car program in Europe, and ongoing innovation to support the growing electric and hybrid vehicle markets globally.”

Annual report 2025A · The company itself

“Additionally, in undertaking the transformation plan for our business, we have integrated our strategic initiatives into a cohesive business model which balances competing priorities. If we are unable to continue to implement these strategic initiatives, such as our technology, supply chain and sales effectiveness initiatives, efficiently and effectively, or if these strategic initiatives are unsuccessful, our business, financial condition, results of operations and cash flows could be adversely affected. To facilitate this transformation plan, we are continuing to make substantial investments, recruit new talent, and optimize our business model, management system, and organization.”

Annual report 2025A · The company itself

“Additionally, in connection with our supply chain modernization initiative, we have, and intend to continue to, invest in capital improvements and operational enhancements to certain of our existing market distribution and fulfillment centers, as well as the development of new market distribution and fulfillment centers. Our supply chain 9 Table of Contents modernization initiative is designed to improve our efficiency, geographic reach and market penetration; however, executing this initiative requires substantial capital investment, including significant expenditures for, among other things, real estate and construction and technology enhancements. Delays or disruptions in executing our supply chain modernization initiative, including the investment in our market distribution centers, could have a material adverse impact on our business, financial condition and results of operations.”

Annual report 2025A · The company itself

“Together, these segments serve over one million customer locations including repair shops, dealerships, fleet operators, and retail consumers by delivering extensive product offerings with speed and reliability. Most orders are fulfilled quickly from well-stocked inventories, reducing vehicle downtime for our end customers. We serve two primary customer types: •Do-It-For-Me (DIFM): commercial customers including independent and national repair centers, dealerships, service stations, and public and private fleets. •Do-It-Yourself (DIY): retail customers who shop through company-owned and independently-owned stores as well as digital platforms.”

Annual report 2025A · The company itself

“We have strategically targeted specialty industries in power generation, alternative energy, government, transportation, ports, and emerging sectors like electric vehicle battery production.”

Annual report 2025A · The company itself

“We have strategically targeted specialty industries in power generation, alternative energy, government, transportation, ports, and emerging sectors like electric vehicle battery production.”

Annual report 2025A · The company itself

“While the broader consequences are uncertain at this time, the continuation and/or escalation of these or other geopolitical conflicts creates a number of risks that could adversely impact our business, including: •persistent inflationary pressures and significant volatility in commodity prices; •disruptions to our global technology infrastructure, including through cyberattacks, ransom attacks or cyber-intrusion; •adverse changes in international trade policies and relations, including U.S. tariff policies; •our ability to maintain or increase our prices, including freight in response to increased fuel costs; 10 Table of Contents •disruptions in global supply chains; •increased exposure to foreign currency fluctuations; and •constraints, volatility or disruption in the credit and capital markets.”

Annual report 2025A · The company itself

“Fluctuations in foreign currency exchange rates have adversely affected and could continue to adversely affect our operating results. Because the functional currency of most of our foreign operations is the applicable local currency, but our financial reporting currency is the U.S. dollar, we are required to translate the assets, liabilities, expenses, and revenues of our foreign operations into U.S. dollars at the applicable exchange rate in preparing our Consolidated Financial Statements. Accordingly, we face foreign currency exchange rate risk arising from transactions in the normal course of business, such as sales and loans to wholly owned subsidiaries, sales to third-party customers, purchases from suppliers, and bank lines of credit with creditors denominated in foreign currencies.”

Annual report 2025A · The company itself

“Foreign currency exchange rates have affected our net sales, net earnings, and operating results and could continue to result in declines in our reported net sales and net earnings. Currency exchange rate fluctuations may also affect the comparative prices between products we sell and products our foreign competitors sell in the same market, which may decrease demand for our products.”

Annual report 2025A · The company itself

“Table of Contents Foreign Currency We incur translation gains or losses resulting from the translation of an operating unit’s foreign functional currency into U.S. dollars for consolidated financial statement purposes. For the periods presented, our principal foreign currency exchange exposures are the Euro, the primary functional currency of our European operations; the Canadian dollar, the functional currency of our Canadian operations; and the Australian dollar, the primary functional currency of our Australasian operations.”

Annual report 2025A · The company itself

“During 2025 and 2024, it was estimated that a 10% shift in exchange rates between those foreign functional currencies and the U.S. dollar would have impacted translated net sales by approximately $867 million and $829 million, respectively.”

Annual report 2025A · The company itself

“If we experience a security breach, if our internal information systems fail to function properly or if we are unsuccessful in implementing, integrating or upgrading our information systems, our business operations could be materially affected.”

Annual report 2025A · The company itself

“We depend on information systems to process customer orders, manage inventory and accounts receivable collections, purchase products, manage accounts payable processes, ship products to customers on a timely basis, maintain cost effective operations, provide superior service to customers and consolidate financial results, among many other things.”

Annual report 2025A · The company itself

“The success of our e-commerce platform depends on our ability to accurately identify the products to make available through our e-commerce platform, and to provide and maintain an efficient online experience with the highest level of data security for our customers.”

Annual report 2025A · The company itself

“Additionally, we are subject to an increasing number of laws in the various jurisdictions in which we operate as well as governmental regulations relating to taxes, environmental protection, product quality standards, cybersecurity, machine learning, artificial intelligence, data privacy, building and zoning requirements, and employment law matters.”

Annual report 2025A · The company itself

“While the broader consequences are uncertain at this time, the continuation and/or escalation of these or other geopolitical conflicts creates a number of risks that could adversely impact our business, including: •persistent inflationary pressures and significant volatility in commodity prices; •disruptions to our global technology infrastructure, including through cyberattacks, ransom attacks or cyber-intrusion; •adverse changes in international trade policies and relations, including U.S. tariff policies; •our ability to maintain or increase our prices, including freight in response to increased fuel costs; 10 Table of Contents •disruptions in global supply chains; •increased exposure to foreign currency fluctuations; and •constraints, volatility or disruption in the credit and capital markets.”

Annual report 2025A · The company itself

“Inflation In 2025 and 2024, we experienced inflationary pressures, including the impact of new or increased tariffs on imports, across various parts of our business and operations, including, but not limited to, increases to our product costs, and higher operating costs, including those related to salaries, wages, rent and freight expenses. We continue to monitor the impact of inflation in order to minimize its effects through pricing strategies, productivity improvements and cost reductions.”

Annual report 2025A · The company itself

“(5)Amount reflects a remeasurement of our asbestos-related product liability for a revised estimate of the number of claims to be incurred in future periods based on adverse current year changes in the claims environment, among other assumptions.”

Annual report 2025A · The company itself

“These developments include, but are not limited to, significant changes in (i) the key assumptions underlying the estimate, including the number of future claims, the nature and mix of those claims, and the average cost of resolving claims (ii) trial and appellate outcomes, (iii) the law and 72 Table of Contents procedure applicable to these claims, and (iv) the financial viability of other codefendants and insurers.”

Annual report 2025A · The company itself

“Our future success significantly depends on the continued services and performance of our key management personnel. We believe our management team’s depth and breadth of experience in our industry is integral to executing our business plan.”

Annual report 2025A · The company itself

“In addition, in recent years there has been an increase in workers exercising their right to form or join a union, particularly in the U.S. There can be no assurance that our employees will not elect to be represented by labor unions in the future, which could among other things, adversely impact our culture, increase operating costs and otherwise disrupt our business and operations.”

Annual report 2025A · The company itself

“Inflation In 2025 and 2024, we experienced inflationary pressures, including the impact of new or increased tariffs on imports, across various parts of our business and operations, including, but not limited to, increases to our product costs, and higher operating costs, including those related to salaries, wages, rent and freight expenses. We continue to monitor the impact of inflation in order to minimize its effects through pricing strategies, productivity improvements and cost reductions.”

Annual report 2025A · The company itself

“These include raw material shortages, inadequate manufacturing capacity, labor strikes, shortages and disputes anywhere within the supply and distribution chain delivering products to us, tariff and customs legislation and enforcement, transportation disruptions, taxes and other legislative uncertainties, public health emergencies and/or weather conditions.”

Annual report 2025A · The company itself

“Our debt levels could adversely affect our cash flow and prevent us from fulfilling our obligations.”

Annual report 2025A · The company itself

“Our overall credit rating may be negatively impacted by deteriorating and uncertain credit markets or other factors that may or may not be within our control. The interest rates on our unsecured revolving credit facility, as well as any additional indebtedness we may incur in the future, are impacted by our credit ratings.”

Annual report 2025A · The company itself

“Interest Rates We are subject to interest rate volatility with regard to existing and future issuances of debt and with respect to the A/R Sales Agreement, for which the fees are linked to interest rate changes.”

Annual report 2025A · The company itself

“Fluctuations in foreign currency exchange rates have adversely affected and could continue to adversely affect our operating results. Because the functional currency of most of our foreign operations is the applicable local currency, but our financial reporting currency is the U.S. dollar, we are required to translate the assets, liabilities, expenses, and revenues of our foreign operations into U.S. dollars at the applicable exchange rate in preparing our Consolidated Financial Statements. Accordingly, we face foreign currency exchange rate risk arising from transactions in the normal course of business, such as sales and loans to wholly owned subsidiaries, sales to third-party customers, purchases from suppliers, and bank lines of credit with creditors denominated in foreign currencies.”

Annual report 2025A · The company itself

“Table of Contents Foreign Currency We incur translation gains or losses resulting from the translation of an operating unit’s foreign functional currency into U.S. dollars for consolidated financial statement purposes. For the periods presented, our principal foreign currency exchange exposures are the Euro, the primary functional currency of our European operations; the Canadian dollar, the functional currency of our Canadian operations; and the Australian dollar, the primary functional currency of our Australasian operations.”

Annual report 2025A · The company itself

“During 2025 and 2024, it was estimated that a 10% shift in exchange rates between those foreign functional currencies and the U.S. dollar would have impacted translated net sales by approximately $867 million and $829 million, respectively.”

Annual report 2025A · The company itself

“While the broader consequences are uncertain at this time, the continuation and/or escalation of these or other geopolitical conflicts creates a number of risks that could adversely impact our business, including: •persistent inflationary pressures and significant volatility in commodity prices; •disruptions to our global technology infrastructure, including through cyberattacks, ransom attacks or cyber-intrusion; •adverse changes in international trade policies and relations, including U.S. tariff policies; •our ability to maintain or increase our prices, including freight in response to increased fuel costs; 10 Table of Contents •disruptions in global supply chains; •increased exposure to foreign currency fluctuations; and •constraints, volatility or disruption in the credit and capital markets.”

Annual report 2025A · The company itself

“MACROECONOMIC, INDUSTRY AND FINANCIAL RISKS Changes in legislation or government regulations or policies, particularly those relating to international trade and taxation, could have a significant impact on our results of operations. Our business is global, and changes to existing international trade agreements, blocking of foreign trade, increased protectionism, or imposition of tariffs on foreign goods could, among other things, weaken consumer confidence, negatively impact employment rates in industries on which we are dependent, result in higher cost of goods sold and lower gross profit and margins, cause supply chain delays or disruptions or diminishing returns on capital investments, including with respect to our ongoing distribution center optimization initiative, and deter customers in our Industrial segment from pursuing facilities and automation projects, all of which could have an adverse impact on our business, results of operations, financial condition and cash flows in future periods.”

Annual report 2025A · The company itself

“These include raw material shortages, inadequate manufacturing capacity, labor strikes, shortages and disputes anywhere within the supply and distribution chain delivering products to us, tariff and customs legislation and enforcement, transportation disruptions, taxes and other legislative uncertainties, public health emergencies and/or weather conditions.”

Annual report 2025A · The company itself

“Despite our implementation of various security measures, our IT systems and operations (and the third-party IT systems and operations with which we interact) could be subject to damage or interruption from computer viruses, natural disasters, unauthorized physical or electronic access, power outages, telecommunications failure, computer system or network failures, wire transfer failure, employee error/malfeasance, cyber-attacks, security breaches, and other similar disruptions.”

Annual report 2025A · The company itself

“Furthermore, such a disruption may harm our reputation and business prospects and subject us to legal claims if there is loss, disclosure or misappropriation of or access to our customers, employees or suppliers' information.”

Annual report 2025A · The company itself

“The concern over climate change has led to legislative and regulatory initiatives aimed at reducing greenhouse gas emissions (“GHG”). For example, regulations that impose extensive requirements related to GHG continue to be considered by or have been issued by policy makers in certain state governments in the U.S., by the European Union, and by national governments in Canada, the U.K., Australia and elsewhere.”

Annual report 2025A · The company itself

“The concern over climate change has led to legislative and regulatory initiatives aimed at reducing greenhouse gas emissions (“GHG”). For example, regulations that impose extensive requirements related to GHG continue to be considered by or have been issued by policy makers in certain state governments in the U.S., by the European Union, and by national governments in Canada, the U.K., Australia and elsewhere.”

Annual report 2025A · The company itself

“We depend on information systems to process customer orders, manage inventory and accounts receivable collections, purchase products, manage accounts payable processes, ship products to customers on a timely basis, maintain cost effective operations, provide superior service to customers and consolidate financial results, among many other things.”

Annual report 2025A · The company itself

“Consolidation among our competitors could further enhance their financial position, provide them with the ability to offer more competitive prices to customers for whom we compete, take advantage of acquisitions and other opportunities more readily, rapidly scale and invest in their businesses, more successfully utilize developing technology, including data analytics, artificial intelligence, and machine learning, and allow them to achieve increased efficiencies in their consolidated operations that enable them to more effectively compete for customers.”

Annual report 2025A · The company itself

“Additionally, the techniques and sophistication used to conduct cyber-attacks and breaches of IT systems change frequently, including as a result of the deployment of evolving artificial intelligence tools and machine learning tools used to identify vulnerabilities and create more effective phishing attempts, and have the potential to not be recognized until such attacks are launched or have been in place for a period of time.”

Annual report 2025A · The company itself

“Additionally, significant increases in fuel economy requirements, new federal or state restrictions on emissions of carbon dioxide or new federal or state incentive programs that may be imposed on vehicles and automobile fuels could adversely affect demand for the products we sell. We may not be able to accurately predict, prepare for and respond to new kinds of technological innovations with respect to electric vehicles and other technologies that minimize emissions.”

Annual report 2025A · The company itself

“Automotive inventory purchased from 10 major suppliers.”

Annual report 2025A · The company itself

“Motion has access to over 10 million replacement parts that are sourced from nearly 40,000 different suppliers, with approximately 45% of purchases coming from our top 50 strategic suppliers.”

Annual report 2025A · The company itself

“We depend on our suppliers to sell us quality products at favorable prices.”

Annual report 2025A · The company itself

“In the industrial distribution industry, growth is supported by increased manufacturing activity across our diverse end markets, shifts in global supply chains, rising demand for automation and robotics, and an aging technical workforce.”

Annual report 2025A · The company itself

“With respect to our Industrial segment, the primary factors are: •the level of industrial production and manufacturing capacity utilization, as these indices reflect the need for industrial replacement parts; •changes in manufacturing reflected in the level of the Institute for Supply Management’s Purchasing Managers Index, as an index reading of 50 or more implies an expanding manufacturing economy, while a reading below 50 implies a contracting manufacturing economy; •the consolidation of certain of our manufacturing customers which reduces demand for our products; •changes in legislation or government regulations or policies that could impact international trade among our multi-national customer base and cause reduced demand for our products; and •the economy in general, which in declining conditions may cause reduced demand for industrial output.”

Annual report 2025A · The company itself

“In addition, we would suffer an adverse impact if our suppliers limit or cancel the return privileges that currently protect us from inventory obsolescence.”

Annual report 2025A · The company itself

“Historically, these losses have not been significant as the vast majority of our inventories are not highly susceptible to obsolescence and are eligible for return under various vendor return programs.”

Annual report 2025A · The company itself

“Most orders are filled immediately from our existing inventory and deliveries are typically completed within 24 hours of order receipt.”

Annual report 2025A · The company itself

“These include raw material shortages, inadequate manufacturing capacity, labor strikes, shortages and disputes anywhere within the supply and distribution chain delivering products to us, tariff and customs legislation and enforcement, transportation disruptions, taxes and other legislative uncertainties, public health emergencies and/or weather conditions.”

Annual report 2025A · The company itself

“Additionally, we are subject to an increasing number of laws in the various jurisdictions in which we operate as well as governmental regulations relating to taxes, environmental protection, product quality standards, cybersecurity, machine learning, artificial intelligence, data privacy, building and zoning requirements, and employment law matters.”

Annual report 2025A · The company itself

“We depend on our suppliers to sell us quality products at favorable prices.”

Annual report 2025A · The company itself

“Additionally, significant increases in fuel economy requirements, new federal or state restrictions on emissions of carbon dioxide or new federal or state incentive programs that may be imposed on vehicles and automobile fuels could adversely affect demand for the products we sell. We may not be able to accurately predict, prepare for and respond to new kinds of technological innovations with respect to electric vehicles and other technologies that minimize emissions.”

Annual report 2025A · The company itself

“Our business faces increasing scrutiny and regulations related to corporate social responsibility practices and disclosures and we face an increasing risk of damage to our reputation and the value of our brands if we fail to act responsibly and/or in compliance with applicable laws and regulations in a number of areas, such as environmental stewardship and sustainability, supply chain management, climate change, inclusion, workplace conduct, human rights, philanthropy and support for local communities.”

Annual report 2025A · The company itself

“As a global business, we are also subject to many laws governing international relations and our international operations, including laws such as the U.S. Foreign Corrupt Practices Act that prohibit improper payments to government officials and commercial customers and that restrict where we can do business, what information or products we can import and export to and from certain countries and what information we can provide to a non-U.S. government.”

Annual report 2025A · The company itself

“While the broader consequences are uncertain at this time, the continuation and/or escalation of these or other geopolitical conflicts creates a number of risks that could adversely impact our business, including: •persistent inflationary pressures and significant volatility in commodity prices; •disruptions to our global technology infrastructure, including through cyberattacks, ransom attacks or cyber-intrusion; •adverse changes in international trade policies and relations, including U.S. tariff policies; •our ability to maintain or increase our prices, including freight in response to increased fuel costs; 10 Table of Contents •disruptions in global supply chains; •increased exposure to foreign currency fluctuations; and •constraints, volatility or disruption in the credit and capital markets.”

Annual report 2025A · The company itself

“As a result, our global operations are affected by economic, geopolitical and other conditions in the foreign countries in which we do business as well as U.S. laws regulating international trade. Specifically, instability in the geopolitical environment in many parts of the world (including as a result of the conflict between Russia and Ukraine, the conflict and unrest in the Middle East, and recent developments in relations between the U.S. and Venezuela) and other disruptions may continue to put pressure on global economic conditions and supply chains.”

Annual report 2025A · The company itself

“We depend on our suppliers to sell us quality products at favorable prices.”

Annual report 2025A · The company itself

“United States $ 1,254,960 $ 1,161,136 $ 935,583 Europe 423,976 384,161 339,330 Canada 238,360 189,978 147,404 Australasia 253,670 214,677 193,638 Mexico 1,174 808 830 Total net property, plant and equipment $ 2,172,140 $ 1,950,760 $ 1,616,785 Net sales are disaggregated by geographical region for each of our reportable segments, as we deem this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors.”

Annual report 2025A · The company itself

“United States $ 1,254,960 $ 1,161,136 $ 935,583 Europe 423,976 384,161 339,330 Canada 238,360 189,978 147,404 Australasia 253,670 214,677 193,638 Mexico 1,174 808 830 Total net property, plant and equipment $ 2,172,140 $ 1,950,760 $ 1,616,785 Net sales are disaggregated by geographical region for each of our reportable segments, as we deem this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors.”

Annual report 2025A · The company itself

“In addition, we are subject to taxation in each of the jurisdictions in which we operate. Changes in the tax laws or policies of these jurisdictions, or in the interpretation or enforcement of existing tax laws, could subject our business to audits, inquiries and legal challenges from taxing authorities and could reduce the benefit of tax structures previously implemented for our operations.”

Annual report 2025A · The company itself

“We also will need to continue to attract, motivate, and retain other key personnel as well as maintain employee safety and well-being.”

Annual report 2025A · The company itself

“United States $ 1,254,960 $ 1,161,136 $ 935,583 Europe 423,976 384,161 339,330 Canada 238,360 189,978 147,404 Australasia 253,670 214,677 193,638 Mexico 1,174 808 830 Total net property, plant and equipment $ 2,172,140 $ 1,950,760 $ 1,616,785 Net sales are disaggregated by geographical region for each of our reportable segments, as we deem this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors.”

Annual report 2025A · The company itself

“United States $ 1,254,960 $ 1,161,136 $ 935,583 Europe 423,976 384,161 339,330 Canada 238,360 189,978 147,404 Australasia 253,670 214,677 193,638 Mexico 1,174 808 830 Total net property, plant and equipment $ 2,172,140 $ 1,950,760 $ 1,616,785 Net sales are disaggregated by geographical region for each of our reportable segments, as we deem this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors.”

Annual report 2025A · The company itself