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TableofContents
CautionaryNoteConcerningFactorsThatMayAffectFutureResults
ThisAnnualReportonForm10-K,including“Management’sDiscussionandAnalysisofFinancialConditionandResultsof
Operations”inItem7,containsforward-lookingstatementswithinthemeaningofthePrivateSecuritiesLitigationReformActof
1995.TheCompanymayalsomakeforward-lookingstatementsinotherreportsfiledwiththeSecuritiesandExchangeCommission,
inmaterialsdeliveredtoshareholdersandinpressreleases.Inaddition,theCompany’srepresentativesmayfromtimetotimemake
oralforward-lookingstatements.
Forward-lookingstatementsrelatetofutureeventsandtypicallyaddresstheCompany’sexpectedfuturebusinessandfinancial
performance.Wordssuchas“plan,”“expect,”“aim,”“believe,”“project,”“target,”“anticipate,”“intend,”“estimate,”“will,”
“should,”“could,”“forecast”andotherwordsandtermsofsimilarmeaning,typicallyidentifysuchforward-lookingstatements.
Inparticular,theseinclude,amongothers,statementsrelatingto:
·theCompany’sstrategyforgrowth,futurerevenues,earnings,cashflow,usesofcashandothermeasuresoffinancial
performance,andmarketposition,
·worldwideeconomicandcapitalmarketsconditions,suchasinterestrates,foreigncurrencyexchangerates,financial
conditionsofoursuppliersandcustomers,andnaturalandotherdisastersorclimatechangeaffectingtheoperationsofthe
Companyoroursuppliersandcustomers,
·newbusinessopportunities,productdevelopment,andfutureperformanceorresultsofcurrentoranticipatedproducts,
·thescope,natureorimpactofacquisition,strategicallianceanddivestitureactivities,
·theoutcomeofcontingencies,suchaslegalandregulatoryproceedings,
·futurelevelsofindebtedness,commonstockrepurchasesandcapitalspending,
·futureavailabilityofandaccesstocreditmarkets,
·pensionandpostretirementobligationassumptionsandfuturecontributions,
·assetimpairments,
·taxliabilities,
·informationtechnologysecurity,and
·theeffectsofchangesintax,environmentalandotherlawsandregulationsintheUnitedStatesandothercountriesinwhich
weoperate.
TheCompanyassumesnoobligationtoupdateorreviseanyforward-lookingstatements.
Forward-lookingstatementsarebasedoncertainassumptionsandexpectationsoffutureeventsandtrendsthataresubjecttorisks
anduncertainties.Actualfutureresultsandtrendsmaydiffermateriallyfromhistoricalresultsorthosereflectedinanysuchforward-
lookingstatementsdependingonavarietyoffactors.Importantinformationastothesefactorscanbefoundinthisdocument,
including,amongothers,“Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations”underthe
headingsof“Overview,”“FinancialConditionandLiquidity”andannuallyin“CriticalAccountingEstimates.”Discussionof
thesefactorsisincorporatedbyreferencefromPartI,Item1A,“RiskFactors,”ofthisdocument,andshouldbeconsideredan
integralpartofPartII,Item7,“Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations.”For
additionalinformationconcerningfactorsthatmaycauseactualresultstovarymateriallyfromthosestatedintheforward-looking
statements,seeourreportsonForm10-K,10-Qand8-KfiledwiththeSECfromtimetotime.
Item1A.RiskFactors.
ProvidedbelowisacautionarydiscussionofwhatwebelievetobethemostimportantriskfactorsapplicabletotheCompany.
DiscussionofthesefactorsisincorporatedbyreferenceintoandconsideredanintegralpartofPartII,Item7,“Management’s
DiscussionandAnalysisofFinancialConditionsandResultsofOperations.”
*Resultsareimpactedbytheeffectsof,andchangesin,worldwideeconomic,political,andcapitalmarketsconditions.The
Companyoperatesinmorethan70countriesandderivesapproximately60percentofitsrevenuesfromoutsidetheUnitedStates.
TheCompany’sbusinessissubjecttoglobalcompetitionandgeopoliticalrisksandmaybeadverselyaffectedbyfactorsinthe
UnitedStatesandothercountriesthatarebeyonditscontrol,suchasslowereconomicgrowth,disruptionsinfinancialmarkets,
economicdownturnsintheformofeithercontainedorwidespreadrecessionary
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