Commentary on Financial Condition

“We believe our cash and cash equivalents, cash generated from operations, and ability to access capital markets and credit lines will satisfy, for at least the next twelve months and beyond, our liquidity requirements, both globally and domestically, including the following: working capital needs, capital expenditures, business acquisitions, stock repurchases, cash dividends, contractual obligations, commitments, principal and interest payments on debt, and other liquidity requirements associated with our operations. Our financial position as of April 30, 2026 consisted of cash and cash equivalents of $1,807 million as compared to $1,789 million as of October 31, 2025.” (from June 2026 filing’s Liquidity and Capital Resources) Filed At: 2026-06-01