Risk factors

AI use by Levi and its service providers is newly identified as a source of legal, privacy, intellectual-property and reputational exposure.

Newly identifies unhedged foreign-currency exposure, including possible effects of recent U.S. actions on the dollar.

New risks highlight keeping rental processes and customer tools current, and managing AI-related legal, privacy, security and competitive exposure.

Three new risks cover weather disruption, expanding port and island investments, and the proposed shift to a unified Bermuda-incorporated company.

Tariff exposure is newly highlighted as U.S. and global trade measures remain unsettled for vehicles, parts, raw materials, and supplier inputs.

U.S. government sales fell from 87% to 84%; the filing now refers to large programs with the DoW and highlights its priorities and regulations.

China-based IT personnel support ongoing software development, maintenance and customer-specific customization, making these activities more explicit dependencies.

Intel added a risk that failure to land a major Intel 14A foundry customer could halt next-generation process development and slow Ohio fab construction.

New risks highlight entry-level affordability pressure and limited, costly warranty insurance that could consume liquidity.

The WBD deal adds risks of regulatory delay, a possible $5.8 billion termination fee, integration problems, and missed synergies.

The ChampionX acquisition risk was dropped, indicating the proposed transaction is no longer identified as an outstanding risk.

Climate-related physical risks were replaced by risks from expanding financial and sustainability reporting requirements.