

(millions)	As Reported		Adjustment		As Restated

Inventories	$	371	$	18	$	389
Total current assets	652		18		670

Total assets	2,016		18		2,034


Other current liabilities	94		4		98
Total current liabilities	836		4		840

Retained earnings	19		14		33
Total equity	327		14		341
Total liabilities and equity	2,016		18		2,034

Note: The Company's Consolidated Statements of Equity were also affected by the restated retained earnings amounts for the period presented above.



(millions)	As Reported		Adjustment		As Restated
Cash	$	70	$	1	$	71
Inventories	328		5		333
Total current assets	664		6		670

Total assets	1,888		6		1,894
Notes payable	2		1		3

Other current liabilities	90		2		92
Total current liabilities	789		3		792

Retained earnings	20		3		23
Total equity	317		3		320
Total liabilities and equity	1,888		6		1,894

Note: Please refer to discussion in preceding paragraphs regarding adjustments to cash and notes payable unrelated to the Error.

The effects of the restatements on the Consolidated Statement of Income and the Consolidated Statement of Comprehensive Income for the quarter ended March 29, 2025 are as follows:



(millions, except per share data)	As Reported		Adjustment		As Restated
Cost of goods sold	$	474	$	(4)	$	470
Operating profit	20		4		24
Income before income taxes	22		4		26
Income taxes	4		1		5
Net income	18		3		21
Comprehensive income	15		3		18
Basic earnings per share	0.20		0.05		0.25
Diluted earnings per share	0.20		0.04		0.24

The effects of the restatements on the Consolidated Statement of Income and the Consolidated Statement of Comprehensive Income for the quarter ended March 30, 2024 are as follows:



(millions, except per share data)	As Reported		Adjustment		As Restated
Cost of goods sold	$	504	$	(2)	$	502
Operating profit	46		2		48
Income before income taxes	44		2		46
Income taxes	11		1		12
Net income	33		1		34
Comprehensive income	30		1		31
Basic earnings per share	0.38		0.02		0.40
Diluted earnings per share	0.37		0.02		0.39



(millions)	As Reported		Adjustment		As Restated
Operating activities:
Net Income	$	18	$	3	$	21
Changes in operating assets and liabilities:
Inventories	(18)		(4)		(22)
Income taxes payable	2		1		3
Accounts payable	29		(7)		22
Net cash provided by (used in) operating activities	(2)		(7)		(9)



Increase (decrease) in cash and cash equivalents	(13)		(7)		(20)
Cash and cash equivalents at beginning of period	40		7		47

Note: Please refer to discussion in preceding paragraphs regarding adjustments to cash and accounts payable unrelated to the Error.



(millions)	As Reported		Adjustment		As Restated
Operating activities:
Net Income	$	33	$	1	$	34
Changes in operating assets and liabilities:
Inventories	16		(2)		14
Income taxes payable	4		1		5
Net cash provided by (used in) operating activities	10		—		10
Financing activities:
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days	(3)		1		(2)
Net cash provided by (used in) financing activities	(19)		1		(18)
Increase (decrease) in cash and cash equivalents	(18)		1		(17)
Cash and cash equivalents at end of period	70		1		71

Note: Please refer to discussion in preceding paragraphs regarding adjustments to cash and notes payable unrelated to the Error.