The Company entered into an agreement in the second quarter of fiscal 2026 to sell its MWI Animal Health business, an operating segment within Other (see Note 13). In connection with this agreement, the Company concluded that the MWI Animal Health disposal group met the held for sale criteria and classified its assets and liabilities as held for sale. On May 20, 2026, the Company received a request for additional information and documentary materials from the Federal Trade Commission (the “FTC”) in connection with the FTC’s review of MWI Animal Health’s proposed merger with Covetrus, Inc. The Company continues to work cooperatively with the FTC staff in connection with its review of the transaction.

Total assets and liabilities of the MWI Animal Health disposal group held for sale on the June 30, 2026 Consolidated Balance Sheet are comprised of the following:


(in thousands)
Cash and cash equivalents	$	31,184
Accounts receivable, less allowance for credit losses	839,629
Inventories	872,276
Prepaid expenses and other	6,143
Property and equipment, net	152,283
Goodwill	1,255,231
Other intangible assets	546,887
Other assets	132,427
Total assets held for sale	$	3,836,060

Accounts payable	$	636,578
Accrued expenses and other	65,074
Deferred income taxes	134,341
Other liabilities	33,707
Total liabilities held for sale	$	869,700