Fiscal period ending 2026-05-31 versus 2025-05-25
— view filing on EDGAR →
A new AI-driven cybersecurity disclosure introduces incremental but meaningful risk, as the company flags elevated threat frequency, severity, and defense complexity beyond traditional cyber exposure. Partially offsetting this, impairment risk narrowed materially — goodwill and intangibles fell ~$1.8B and at-risk brands dropped from five to two. The net picture is a modest, localized shift with no systemic or solvency-level concern.
0 company-specific
· 1 eased/removed
· 1 common-mode
Eased / removed
Revised
Goodwill and indefinite-lived intangible assets decreased from $22.4B to $20.6B. Impairment risk brands narrowed from five to two, indicating reduced impairment exposure.
A change in the assumptions regarding the future performance of our businesses or a different discount rate used to value our reporting units or our indefinite-lived intangible assets could…
Also disclosed — common-mode (AI cybersecurity escalation)
AI cybersecurity escalation
Revised
New disclosure of AI-related cybersecurity threats escalating frequency, severity, and introducing novel defense challenges beyond traditional cyber risks.
Our business operations could be disrupted if our information technology systems fail to perform adequately or are breached. Information technology serves an important role in the efficient and…