What the changes say
- The company added a $2,065 million goodwill impairment risk and expanded disclosures on IT disruptions, capital project budgets, and portfolio optimization.
What changed since the prior 10-K
New
- NewFinancial Risks
A write-down of goodwill may adversely affect the Company’s operating results
The company carries $2,065 million in goodwill as of December 31, 2025, and future write-downs could harm financial results.
Dropped
- DroppedOperational Risks
The Company has contingency plans in place to prevent or mitigate the impact of these events, however, if they are not effective on a timely basis, business interruptions could occur which may adversely impact results of operations
Reworded
- 83% rewrittenOperational Risks
The Company's information technology systems could suffer interruptions, failures, unauthorized access, or breaches and our business operations could be disrupted, adversely affecting results of operations and the Company's reputation
Added a warning that ineffective contingency plans for IT disruptions could adversely impact operating results.
- 46% rewrittenOperational Risks
The Company's capital spending may not achieve the desired benefits, which could adversely impact future financial results
Added budget adherence as a specific metric for capital project execution alongside timeline and return goals.
- 36% rewrittenOperational Risks
The Company could be adversely impacted if the Company is unable to successfully integrate acquired businesses, or unable to make changes to optimize our business portfolio
Added risks regarding potential operational disruptions, customer issues, and unanticipated costs from closing or selling facilities to optimize the portfolio.
Was: The Company could be adversely impacted if the Company is unable to successfully integrate acquired businesses
- 29% rewrittenOperational Risks
The Company may face a shortage of skilled workers and key management personnel
Expanded workforce risks to include professionals and leaders, noting potential increased costs for existing workers and labor-reducing investments.
- 23% rewrittenOperational Risks
The Company is subject to the risks of doing business in foreign countries
Updated foreign metrics for 2025, showing international sales at 31% and foreign-denominated assets at 27%.
All 14 risk factors
Headings as the filing states them, in filing order.
Industry Risks
- 01The Company's financial results could be adversely impacted if there are significant increases in prices for raw materials, energy, transportation and other necessary supplies and services, and the Company is unable to raise prices or improve productivity to reduce costs
- 02Competition and product substitution could have an adverse effect on the Company's financial results
- 03Changes in buying habits and preferences for products by customers and consumers could have an effect on our sales volumes
Operational Risks
- 04The Company's information technology systems could suffer interruptions, failures, unauthorized access, or breaches and our business operations could be disrupted, adversely affecting results of operations and the Company's reputation83% rewritten
- 05The Company could experience material disruptions at our facilities that could adversely impact the Company's financial results and could increase the cost of insurance and level of deductibles
- 06The Company may face a shortage of skilled workers and key management personnel29% rewritten
- 07The Company's operations and financial results could be adversely impacted by events outside the Company's control, such as pandemics or other global health emergencies, or geopolitical conflicts and other social and political unrest or change
- 08The Company is subject to the risks of doing business in foreign countries23% rewritten
- 09The Company's capital spending may not achieve the desired benefits, which could adversely impact future financial results46% rewritten
- 10The Company could be adversely impacted if the Company is unable to successfully integrate acquired businesses, or unable to make changes to optimize our business portfolio36% rewritten
- 11The Company may not be able to develop and introduce new products and adequately protect its intellectual property and proprietary rights, which could harm its future success and competitive position
Financial Risks
- 12The Company had an aggregate principal amount of $5,592 million of outstanding debt as of December 31, 2025
- 13As a result of the Company's debt level, a portion of its cash flows from operations is dedicated to payments on indebtedness and the Company's ability to obtain additional financing for working capital, capital spending, acquisitions or general corporate purposes may be restricted in the future
- 14A write-down of goodwill may adversely affect the Company’s operating resultsNew
Other Graphic Packaging Holding 10-Ks
- FY2024 10-K risk factors14 risks
Graphic Packaging faces substantial risks from raw material and energy cost inflation, debt obligations, and product substitution threats. Global manufacturing operations expose the company to foreign exchange fluctuations, geopolitical conflicts, and facility disruptions.
Filed Feb 12, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.