Datasets:

ClimateLouie

/

AdaptationBERT-Climate

like 0

We adjust the deferred tax accounts and the liabilities periodically to reflect any revised estimated tax basis and any estimated settlements with the various tax authorities.

Table of Contents Report of Management Management’s Report on Financial Statements Our management is responsible for the preparation, integrity and fair presentation of information in the consolidated financial statements, including estimates and judgments.

Critical Accounting Estimates The preparation of our consolidated financial statements requires us to make estimates that affect the reported amounts of assets, liabilities, revenue and expenses, and the related disclosure of contingent assets and contingent liabilities.

Table of Contents Other Areas of Regulation Intellectual Property Copyright, trademark, unfair competition, patent, trade secret and other proprietary-rights laws of the United States and other countries help protect our intellectual property rights.

As a result, we have adjusted, and may continue to adjust in the future, our procurement practices to adapt to the evolving landscape.

We may also have to expend resources to adjust our offerings in certain jurisdictions if the legal frameworks on AI are not consistent across jurisdictions.

Use of Estimates Preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the consolidated financial statements and accompanying notes.

On January 15, 2020, the IRS's amendment to answer was filed stating that it planned to assert at trial an adjustment that is higher than the adjustment stated in the Notice.

Our tax obligations, including income and non-income taxes, are based in part on our corporate operating structure and intercompany arrangements, including the manner in which we operate our business, develop, value, manage, protect, and use our intellectual property, and the valuations of our intercompany transactions.

Our Chief Information Security Officer (CISO) Guy Rosen leads our cybersecurity program and oversees teams across the company supporting our security functions of identify, prevent, detect, respond, and recover.

More broadly, we also continue to innovate our advertising tools to help marketers prepare campaigns and connect with consumers, including developing growing formats such as Reels ads and our business messaging ad products.

We also assessed the historical accuracy of management’ s forecasts of financial results used in developing prior fair value estimates to assist in evaluating the reliability of the current forecasts.

Cash Flows Used In Financing Activities We seek to maintain a mix of fixed and variable rate debt to lower borrowing costs within reasonable risk parameters and to protect against earnings and cash flow volatility result ing from changes in market conditions.

Further , the Company shall not enter into any agreement that exempts any Incentive-based Compens ation from the application of this Policy or that waives the Company’ s right to recover y of any Erroneously Awarded Compen sation and this Policy shall supersede any such agreement (whether entered into before, on or after the Effective Date).

If there is a deterioration of our customers’ financ ial condition or if future actual default rates on receivables in general differ from those currently anticipated, we may have to adjust our allowance for credit losses, which would affect earnings in the period the adjustments are made.

Our reputation and brands could be negatively affected by a number of factors, including actual or alleged quality or reliability issues related to our services and products; cybersecurity incidents and data breaches; allegations of legal noncompliance; 15

Cybersecurity Cybersecurity Program Verizon’ s comprehensive cybersecurity program is designed to identify and protect against cybersecurity risks and to position Verizon to rapidly detect, respond to, and recover from cybersecurity incidents that impact our company .

Verizon’ s experience has been that the payment attributes of longer tenured customers are highly predictive for estimating their reliability to make future payments.

We offer a suite of management and data security services that help our customers protect, detect and respond to security threats to their networks, data, applications and infrastructure.

In fiscal 2021, the Company recognized a $186 million gain from the sale of our investment in fuboTV Inc. (fuboTV gain), a $126 million gain on the sale of our 50% interest in a German free-to-air (FTA) television network (German FTA gain) and a non-cash loss of $111 million from the adjustment of our investment in DraftKings to fair value.

In fiscal 2022 and 2021, respectively, the Company recognized non-cash losses of $663 million and $111 million to adjust its investment in DraftKings to fair value.

Accordingly, the Company enters into various contracts that change in value as foreign exchange rates change to protect the U.S. dollar equivalent value of its existing foreign currency assets, liabilities, commitments and forecasted foreign currency revenues and expenses.

The success of our businesses therefore depends on our ability to successfully predict and adapt to changing consumer tastes and preferences outside as well as inside the U.S.

Definition and Limitations of Internal Control over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Along with alleged violations of Sections 10(b), 14(a), 20(a), and Rule 10b-5 of the Securities Exchange Act, premised on the same allegations as the Securities Class Action, plaintiffs in both actions sought to recover for alleged breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement and waste.

Inadequate laws or weak enforcement mechanisms to protect entertainment industry IP in one country can adversely affect the results of the Company’s operations worldwide, despite the Company’s efforts to protect its IP rights.

In fiscal 2022, the Company recognized a non-cash loss of $663 million from the adjustment of its investment in DraftKings to fair value.

As changes in our business environment occur we have adjusted, continue to adjust and may further adjust our business strategies to meet these changes and we may otherwise decide to further restructure our operations or particular businesses or assets.

Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements prepared for external purposes in accordance with generally accepted accounting principles.

The legal landscape for some new technologies, including some generative AI, remains uncertain, and development of the law in this area could impact our ability to protect against infringing uses.

INTELLECTUAL PROPERTY PROTECTION The Company’s businesses throughout the world are affected by its ability to exploit and protect against infringement of its IP, including trademarks, trade names, copyrights, patents and trade secrets.

Use of Estimates: Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities to prepare these financial statements.

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.

Critical Accounting Policies and Estimates Preparation of our Consolidated Financial Statements requires us to make estimates and assumptions affecting the reported amounts of assets and liabilities at the date of the financial statements, reported amounts of revenues and expenses during the reporting period and related disclosures of contingent liabilities.

Additionally, the Board, in its sole discretion and subject to applicable law, may seek to recover Incentive- Based Compensation or discretionary compensation Received by any current or former Executive Officer during the Recovery Period in the event that such Executive Officer’s willful engagement in conduct which is demonstrably or materially injurious to the Company, monetarily or otherwise.

We will continue to evaluate current and expected business conditions and adjust the level of share repurchases under our share repurchase program in a manner that is consistent with our capital allocation strategy or as we otherwise deem appropriate.

The Claimant (or his duly authorized representative) may review pertinent documents related to the Plan and in the Administrative Committee’ s possession in order to prepare the appeal.

As we obtain additional information and refine our methods regarding the assumptions and estimates we use to recognize liabilities incurred, we will adjust our reserves accordingly.

“Transition Period” shall mean any transition period that results from a change in the Company’s Fiscal Year within or immediately following the three completed Fiscal Years immediately preceding the Company’s requirement to prepare a Restatement.

A significant portion of our expenses and investments are fixed, and we may not be able to adjust our spending quickly enough if our sales are less than expected.

Effect if actual results differ from assumptions A 10% change in our markdown adjustment as of February 3, 2024, would have af fected net earnings by approximately $1 1 million in fiscal 2024.

The program deploys multiple layers of controls designed to identify , protect against, detect, respond to and recover from information security and cybersecurity incidents and our Cyber Security Incident Response Team, which is part of our Enterprise Information Protection (“EIP”) organization, plays a core role in detecting, mitigating and remediating cybersecurity incidents.

Management's Report on the Consolidated Financial Statements Our management is responsible for the preparation, integrity and objectivity of the accompanying consolidated financial statements and the related financial information.

In addition, any compromise of our data security may materially increase the costs we incur to protect against such breaches and could subject us to additional legal risk.

If any Erroneously Awarded Compensation is Received by a Covered Executive, the Company shall reasonably promptly take steps to recover such Erroneously Awarded Compensation in a manner described under Section 5 of this Policy.

Additionally , newly applicable and potential new or significantly revised state, provincial and federal laws and regulations in the jurisdictions in which we do business are expanding our obligations to protect and honor the privacy and security of customer data, requiring additional resources and creating incremental risk arising from a potential breach or compliance failure.

Community Impact Best Buy is committed to helping prepare teens from disinvested communities for the tech-reliant careers of the future.

Failure to adapt to a rapidly changing market or evolving customer demands, and costs required to be incurred to react to dynamic market conditions, could harm our business, financial condition, results of operations and prospects.

The determination of the Impartial Appraiser (or the Expert, as the case may be) shall be final and binding on the parties hereto, and T enant shall forthwith adjust the amount of the insurance carried pursua nt to this Article XIII to the amount so determined by the Impartial Appraiser (or the Expert, as the case may be), subject to the approval of the Facility Mortgagee, as applicable.

Land Base Rent shall be subject to further adjustment as and to the extent provided in Section 14.6.

We manage our interest rate risk by monitoring interest rates, including future projected rates, and adjust our mix of fixed and variable rate borrowings.

Leased Property Rent Adjustment Event : As defined in Section 14.6.

Despite our efforts to protect our proprietary rights, the unauthorized use or reproduction of our trademarks could diminish the value of our trademarks and our market acceptance, competitive advantages, or goodwill, which could adversely affect our business.

“Corresponding Tenor ” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest paym ent period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

Notwithstanding the foregoing, if for SEC reporting purposes the Borrower is required to prepare pro forma financial statements in connection with an acquisition or disposition of the Borrower or its Subsidiaries, then the Borrower will calculate Consolidated EBITDA on a pro forma basis with respect to such acquisition and/or disposition.

The actual or perceived threat of a pandemic or communicable disease, terrorist attack, mass shooting, heightened security requirements, including cybersecurity, or a failure to protect information systems for critical infrastructure, such as the electrical grid and telecommunications systems, could harm our operations, the economy or consumer confidence generally.

“Adjusted Term SOF R Rate ” means, for any Term SOFR Borrowing for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjust ed Term SOFR Rate as so determined would be less than the Floor , such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

Any compensation that is recouped or recovered from or reimbursed or forfeited by any current or former Executive Officer pursuant to the Clawback Policies, will not be subject to duplicative recoupment, recovery, reimbursement or forfeiture under this Policy .

In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns substantially in the form attached hereto as Exhibit G hereto.

We may adjust these reserves when our judgment changes as a result of the evaluation of new information not previously available and will be reflected in the period in which the new information is available, or due to the expiration of any applicable statute of limitations.

to recover from the Company any taxes, interest or penalties deemed to be due as a result of the Separation Benefits , Executive shall indemnify , defend and hold harmless the Company and its successors and assigns from and against any and all such claims for taxes, interest or penalties.

We conducted our annual impairment test of goodwill as of August 31, 2023 and 2022 and determined that no adjustment to the carrying value of goodwill for any reporting unit was required.

The purpose of this eBay Inc. (the “Company”) Incentive-Based Compensation Recovery Policy (this “Policy”) is to enable the Company to recover Erroneously Awarded Compensation in the event that the Company is required to prepare an Accounting Restatement.

•Changes to our programs to protect buyers and sellers could increase our costs and loss rate, and failure to manage such programs effectively can result in harm to our reputation.

We review our tax positions quarterly and adjust the balances as new information becomes available.

Table of Contents Critical Accounting Policies, Judgments and Estimates General The preparation of our consolidated financial statements and related notes requires us to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities.

We must protect our intellectual property rights and other proprietary rights in an increasing number of jurisdictions, a process that is expensive and time consuming and may not be successful.

The indemnity rights we have against PayPal under the agreements may not be sufficient to protect us.

The sale resulted in a pre-tax gain of $3.2 billion inclusive of a $81 million currency translation adjustment and a $44 million gain net of tax on the net investment hedge settled in the fourth quarter of 2021, as well as income tax expense of $369 million.

In the event of an Accounting Restatement, the Company shall satisfy the Company’s obligations under this Policy to recover any amount owed from any applicable Executive Officer by exercising its sole and absolute discretion in how to accomplish such recovery.

This system is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with U.S. GAAP.

The Company has the right to require the inclusion of addional provisions in your plan designed to protect you and/or the Company, whether before or aer the plan has been approved by the Securies Pracce Team, or to delete or amend exisng provisions.

(j) This adjustment was excluded because it relates to strategic activities to transition certain Cadillac dealers out of our dealer network as part of Cadillac's EV strategy .

(i) This adjustment was excluded because it relates to a settlement with third parties relating to retrospective recoveries of indirect taxes in Brazil realized in prior periods.

The EU Taxonomy Regulation aims to enhance allocation of capital towards sustainable activities and projects, and therefore, navigate the transition to a low-carbon economy and meeting the EU’s climate and energy targets.

Stellantis’ strategic climate commitments, their implementation and their progress versus targets, are presented to the Board of Directors, in order to deliver relevant information on the climate-related CSR issues impacting the organization.

The Top Executive Team monitors progress against climate commitments and objectives, and reviews top risks with a particular focus on climate change, especially vehicle CO 2 emissions, which are identified as the most strategic CSR issue for Stellantis.

Within the South America segment, we announced in February 2023, an investment into 360 Energy S.A., a green energy company, currently producing renewable energy through solar panels, which will provide Stellantis preferential rights to purchase energy at discounted prices as part of our climate-related commitments.

The currently available definitions as included in the EU Taxonomy Regulation and Climate Act are broadly formulated which requires companies to interpret how to apply these regulations to its business activities when assessing taxonomy eligibility and alignment.

In 2023, the ESG Committee assisted the Board by reviewing the update of the Diversity and Inclusion Policy for the Composition of the Board of Directors, the updated Dutch Corporate Governance Code, and discussing items related to climate change, such as reduction of fuel emission, electrification, circular economy and stakeholders’ engagement.

Therefore, climate-sensitive issues are embedded in decisions made by the Top Executive Team on reviewing and guiding major plans of action, annual budgets or business plans.

The global automotive industry is experiencing significant change due to increased focus on climate change resulting in evolving regulatory requirements for fuel efficiency, driving electrification as well as changes in fuel efficiency, greenhouse gas emissions and other tailpipe emissions.

Other major projects that can be impacted by the consequences of climate change, such as the location of new sites, are also reviewed by the Board of Directors.

During Board of Directors meetings, Stellantis’ strategic climate commitments, their implementation and their progress versus targets, are presented to the Board of Directors, in order to deliver relevant information on the climate-related CSR issues impacting the organization.

Bringing a tangible impact on climate change Introduction Stellantis has a holistic approach to climate change.

Do No Significant Harm (DNSH) The applicable DNSH criteria for activity 3.3 ("Manufacture of low carbon technologies for transport") are set out in the Climate Act.

The CEO and the Strategy Council are responsible for defining the overall environmental strategy, including climate -related policies.

Suppliers complying with our climate requirements are also eligible to join the UK retail sector’s first sustainability-linked supply chain finance programme.

As a result of integrating climate change action throughout our business, we have been able to make further progress on engagement and investment in decarbonisation.Working toward decarbonisation The majority of our GHG emissions come from producing the things we sell, and customers using what they buy from us, mainly from fuel and energy.

We have also assessed whether these disclosures reflect our understanding of the Group’s approach to climate.7.4 Working with other auditors The Group audit team issued detailed instructions to the component auditors and visited the component auditors for each of the six significant locations set out above, in addition to Tesco Bank and the Group’s shared service centre in Bengaluru.

We modelled three further transition risks in relation to: the risk of climate-related litigation, the risk of a negative shift in consumer sentiment; and negative investor sentiment due to a perceived lack of action to address climate change.

The Committee received updates on perceived challenges and viability impact that the business could face resulting from climate change and broader macroeconomic uncertainties.

Task Force on Climate-related Financial Disclosures continued 24 Tesco PLC Annual Report and Financial Statements 2023

Our performance against these issues is tracked using the following KPIs: Climate: percentage reduction of Scope 1 and 2 market-based GHG emissions compared with 2015/16 baseline year and Scope 3 targets by 2050, see page 18.

Climate change –Climate change –Responsible sourcing –Political, regulatory and complianceGlobal action to address rising temperatures results in a shift in consumer sentiment towards more sustainable products and an increase in carbon taxes levied against Group emissions.

We have quoted the financial value at risk below as a range, reflecting the uncertain and heavily assumption-based nature of climate-related modelling.

This included challenging projected cash flows, discount rates and the use of independent third-party valuations as well as considering the uncertainties arising from a macroeconomic downturn, higher levels of operating cost inflation and climate change.

These include the identification and documentation of climate-related risks and the review and consideration of appropriate risk responses.

The targets that we set as a Board not only support our core purpose of serving our customers, communities and planet a little better every day, but are also essential for the delivery of our net zero commitments of being climate neutral within our own operations by 2035 and through our supply chain by 2050.

(c)Excluding rain water of the Italian EP subsidiar y (29 kt in 2022 and 30 kt in 2021).