Financial Analysis

Commitments and Contingencies Legal Proceedings India Credit Fund Closure Matters . Effective April 24, 2020, Franklin Templeton Trustee Services Private Limited (FTTS), a subsidiary of Franklin, announced its decision to wind up six fixed income mutual fund schemes of the Franklin Templeton Mutual Fund in India (referred to herein as the Funds), closing the Funds to redemptions. At the time, the Funds had collective AUM of INR 25,648.3 crore (approximately $3.4 billion). In connection with the wind-up decision, FTTS sought to convene unitholder meetings for the Funds to approve the appointment of a liquidator, and the asset management company to the Funds, Franklin Templeton Asset Management (India) Private Limited (FTAMI), ceased earning investment management fees on the Funds. In May and June 2020, certain Fund unitholders and others challenged the wind-up decision by filing legal petitions in India against a number of respondents, including Franklin, its subsidiaries FTTS, FTAMI, and Templeton International, Inc., as sponsor of the Franklin Templeton Mutual Fund, and related individuals (collectively, the Company Respondents), the Securities and Exchange Board of India (SEBI), and other governmental entities. The petitioners alleged that the Company Respondents violated various SEBI regulations, mismanaged the Funds, misrepresented or omitted certain information relating to the Funds, and/or engaged in other alleged misconduct. The petitioners requested a wide range of re …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt The disclosures below include details of the Companys debt, excluding that of CIPs. See Note 10 Consolidated Investment Products for information related to the debt of these entities. Debt consisted of the following: (in millions) 2025 Effective Interest Rate 2024 Effective Interest Rate as of September 30, Debt of Franklin Resources, Inc. $400 million 2.850% senior notes due March 2025 $ N/A $ 400.0 2.97 % $850 million 1.600% senior notes due October 2030 847.9 1.74 % 847.5 1.74 % $350 million 2.950% senior notes due August 2051 348.1 3.00 % 348.0 3.00 % Total debt of Franklin Resources, Inc. 1,196.0 1,595.5 Debt of Legg Mason (a subsidiary of Franklin) $450 million 4.750% senior notes due March 2026 456.1 1.80 % 469.5 1.80 % $550 million 5.625% senior notes due January 2044 717.4 3.38 % 723.9 3.38 % Total debt of Legg Mason 1,173.5 1,193.4 Debt issuance costs (7.5) (8.6) Total $ 2,362.0 $ 2,780.3 On March 31, 2025, the Company repaid all of the outstanding $400.0 million 2.850% senior notes due March 2025 issued by Franklin Resources, Inc. at the principal amount plus accrued and unpaid interest of $5.7 million. On April 30, 2025, the Company entered into an Amended and Restated Revolving Credit Agreement (the Amended and Restated Credit Agreement) with a five-year term and $1.1 billion of aggregate available borrowings. As of April 30, 2025, the $300.0 million of borrowings outstanding under the Companys prior credit facility were transferred to the Amended and Restat …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Operating revenues by geographic area were as follows: (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2025 Investment management fees $ 5,292.3 $ 894.4 $ 302.3 $ 214.8 $ 278.0 $ 6,981.8 Sales and distribution fees 1,042.2 370.0 22.7 38.9 0.9 1,474.7 Shareholder servicing fees 231.3 31.2 1.7 0.3 264.5 Other 48.4 0.1 1.1 0.1 49.7 Total $ 6,614.2 $ 1,295.7 $ 327.8 $ 254.0 $ 279.0 $ 8,770.7 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2024 Investment management fees $ 5,142.8 $ 862.3 $ 283.8 $ 228.1 $ 305.2 $ 6,822.2 Sales and distribution fees 979.2 342.8 19.2 39.8 1,381.0 Shareholder servicing fees 195.3 31.7 2.2 0.1 229.3 Other 40.5 0.7 3.7 0.6 45.5 Total $ 6,357.8 $ 1,237.5 $ 308.9 $ 268.0 $ 305.8 $ 8,478.0 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2023 Investment management fees $ 4,877.1 $ 803.9 $ 285.6 $ 216.2 $ 270.1 $ 6,452.9 Sales and distribution fees 847.3 296.0 19.8 40.6 1,203.7 Shareholder servicing fees 118.7 31.5 2.2 0.3 152.7 Other 37.7 0.8 1.2 0.4 40.1 Total $ 5,880.8 $ 1,132.2 $ 308.8 $ 257.1 $ 270.5 $ 7,849.4 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation The Companys stock-based compensation plans consist of the Amended and Restated Annual Incentive Compensation Plan (the AIP), the 2002 Universal Stock Incentive Plan, as amended and restated (the USIP), the amended and restated Franklin Resources, Inc. 1998 Employee Stock Investment Plan (the ESIP), and the Amended and Restated Franklin Resources, Inc. 2017 Equity Incentive Plan (the EIP). Stock-based compensation expenses were as follows: (in millions) for the fiscal years ended September 30, 2025 2024 2023 Stock and stock unit awards $ 207.9 $ 240.3 $ 174.7 Phantom unit awards 11.8 13.8 33.2 Employee stock investment plan 6.9 5.8 7.9 Total $ 226.6 $ 259.9 $ 215.8 Stock and Stock Unit Awards Under the terms of the AIP, eligible employees may receive cash, equity awards and/or mutual fund unit awards generally based on the performance of the Company and/or its funds, and the individual employee. The USIP and EIP provide for the issuance of the Companys common stock for various stock-related awards to officers, directors and employees. In February 2024, the Companys stockholders approved an amendment and restatement of the USIP increasing the number of shares authorized by 25.0 million shares to a total of 165.0 million shares. There are 23.0 million shares authorized under the EIP. At September 30, 2025, 17.6 million shares and 16.9 million shares were available for grant under the USIP and EIP. Stock awards entitle holders to the right to sell the un …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Measurements The disclosures below include details of the Companys fair value measurements, excluding those of CIPs. See Note 10 Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these entities. The assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Level 1 Level 2 Level 3 NAV as a Practical Expedient Total as of September 30, 2025 Assets Investments, at fair value Sponsored funds and separate accounts $ 463.9 $ 305.2 $ 2.2 $ 38.3 $ 809.6 Investments related to long-term incentive plans 253.4 3.3 31.4 288.1 Other equity and debt investments 12.4 9.4 1.8 29.2 52.8 Total Assets Measured at Fair Value $ 729.7 $ 317.9 $ 4.0 $ 98.9 $ 1,150.5 Liabilities Securities sold short $ 193.7 $ $ $ $ 193.7 Contingent consideration liabilities 20.4 20.4 Total Liabilities Measured at Fair Value $ 193.7 $ $ 20.4 $ $ 214.1 As of September 30, 2025, there were $29.0 million of other investments which were adjusted to fair value on a nonrecurring basis and excluded from the table above. (in millions) Level 1 Level 2 Level 3 NAV as a Practical Expedient Total as of September 30, 2024 Assets Investments, at fair value Sponsored funds and separate accounts $ 306.3 $ 157.4 $ 5.2 $ 40.2 $ 509.1 Investments related to long-term incentive plans 242.5 29.1 271.6 Other equity and debt investments 4.1 11.1 2.6 39.5 57.3 Total Assets Measured at Fair Value $ 552.9 $ 168.5 $ 7.8 $ 108. …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets Goodwill and other intangible assets, net consisted of the following: (in millions) as of September 30, 2025 2024 Goodwill $ 6,206.0 $ 6,211.4 Indefinite-lived intangible assets 3,400.3 3,851.5 Definite-lived intangible assets, net 765.7 950.6 Goodwill and Other Intangible Assets, Net $ 10,372.0 $ 11,013.5 Changes in the carrying value of goodwill were as follows: (in millions) for the fiscal years ended September 30, 2025 2024 Balance at beginning of year $ 6,211.4 $ 6,003.8 Acquisitions 189.8 Purchase price allocation adjustment 4.7 Foreign exchange revaluation (5.4) 13.1 Balance at End of Year $ 6,206.0 $ 6,211.4 During fiscal years 2025 and 2024, no impairment of goodwill was recognized. The Company recognized an impairment of an indefinite-lived intangible asset of $200.0 million during fiscal year 2025 related to certain contracts managed by Western Asset Management Company (WAM) primarily due to a decline in expected future growth rates and profit margins in the related AUM based on a shift to lower fee products resulting in lower discounted future cash flows generated from these management contracts. The impairment reduced the carrying value of this asset to $450.0 million. The Company also recognized impairment charges of $24.4 million related to certain other indefinite-lived intangible assets related to management contracts during fiscal year 2025. The Company recognized an impairment of $389.2 million of an indefinite-lived int …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Taxes on Income Taxes on income were as follows: (in millions) for the fiscal years ended September 30, 2025 2024 2023 Current expense Federal $ 140.6 $ 212.0 $ 148.1 State 51.5 54.0 55.6 Non-U.S. 93.0 73.9 67.1 Deferred (benefit) expense (47.2) (124.6) 41.5 Total $ 237.9 $ 215.3 $ 312.3 Income before taxes consisted of the following: (in millions) for the fiscal years ended September 30, 2025 2024 2023 U.S. $ 538.2 $ 286.3 $ 819.2 Non-U.S. and other 1 248.6 536.9 518.8 Total $ 786.8 $ 823.2 $ 1,338.0 _______________ 1 Other includes income (loss) from consolidated investment products and amounts not subject to tax. The significant components of deferred tax assets and deferred tax liabilities were as follows: (in millions) as of September 30, 2025 2024 Deferred Tax Assets Capitalized mixed service costs $ 127.5 $ 162.6 Net operating loss and state credit carry-forwards 328.3 325.8 Deferred compensation and benefits 209.3 210.5 Foreign tax credit carry-forwards 70.4 81.6 Operating lease liability 199.1 186.4 Debt premium 43.7 48.6 Other 118.9 116.1 Total deferred tax assets 1,097.2 1,131.6 Valuation allowance (297.1) (290.5) Deferred tax assets, net of valuation allowance 800.1 841.1 Deferred Tax Liabilities Goodwill and other purchased intangibles 697.7 800.8 Right of use asset 151.0 160.3 Other 129.7 88.8 Total deferred tax liabilities 978.4 1,049.9 Net Deferred Tax Liability $ 178.3 $ 208.8 Deferred income tax assets and liabilities that relate to the same tax jurisdiction …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Revenues Operating revenues by geographic area were as follows: (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2025 Investment management fees $ 5,292.3 $ 894.4 $ 302.3 $ 214.8 $ 278.0 $ 6,981.8 Sales and distribution fees 1,042.2 370.0 22.7 38.9 0.9 1,474.7 Shareholder servicing fees 231.3 31.2 1.7 0.3 264.5 Other 48.4 0.1 1.1 0.1 49.7 Total $ 6,614.2 $ 1,295.7 $ 327.8 $ 254.0 $ 279.0 $ 8,770.7 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2024 Investment management fees $ 5,142.8 $ 862.3 $ 283.8 $ 228.1 $ 305.2 $ 6,822.2 Sales and distribution fees 979.2 342.8 19.2 39.8 1,381.0 Shareholder servicing fees 195.3 31.7 2.2 0.1 229.3 Other 40.5 0.7 3.7 0.6 45.5 Total $ 6,357.8 $ 1,237.5 $ 308.9 $ 268.0 $ 305.8 $ 8,478.0 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the fiscal year ended September 30, 2023 Investment management fees $ 4,877.1 $ 803.9 $ 285.6 $ 216.2 $ 270.1 $ 6,452.9 Sales and distribution fees 847.3 296.0 19.8 40.6 1,203.7 Shareholder servicing fees 118.7 31.5 2.2 0.3 152.7 Other 37.7 0.8 1.2 0.4 40.1 Total $ 5,880.8 $ 1,132.2 $ 308.8 $ 257.1 $ 270.5 $ 7,849.4 Operating revenues are attribute …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment and Geographic Information The Company has one operating segment, which provides investment management and related services. The chief operating decision maker (CODM), identified as the Companys Chief Executive Officer, assesses the performance of the business and allocates resources primarily based on consolidated net income attributable to Franklin Resources, Inc. This measure is used to support decision making activities and assess the performance of the operating segment. The CODM regularly reviews the significant segment expenses categories that are presented on the Companys consolidated statements of income. Total assets on the consolidated balance sheets is the measure of segment assets. See Note 4 Revenues for total operating revenues disaggregated by geographic location. See below for the long-lived assets disaggregated by geographic location. (in millions) as of September 30, 2025 2024 Property and Equipment, Net United States $ 764.1 $ 758.4 Europe, Middle East and Africa 150.6 149.2 Asia-Pacific 29.4 33.5 Americas excluding United States 5.0 5.3 Total $ 949.1 $ 946.4 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Significant Accounting Policies Business. Franklin is a holding company with subsidiaries operating under its Franklin Templeton and/or subsidiary brand names. The Company provides investment management and related services to investors in jurisdictions worldwide through investment products which include sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. The Companys related services include fund administration, sales and distribution, and shareholder servicing. Basis of Presentation. The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which require the use of estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods presented. Management believes that the accounting estimates are appropriate, and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates, actual amounts may differ from these estimates. Consolidation. The consolidated financial statements include the accounts of Franklin and its subsidiaries and consolidated investment products (CIPs) in which it has a controlling financial interest. The Company has a controlling financial interest when it owns a majority of …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Subsequent Event On October 1, 2025, the Company acquired Apera Asset Management for cash consideration of 65.2 million net of closing adjustments. In addition, the Company will pay up to 125.0 million in cash through the fifth anniversary of the closing date based on achieving revenue targets. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Note 10 Commitments and Contingencies Legal Proceedings India Credit Fund Closure Matters . The previously reported first information report (the preliminary step in an investigation) registered by the Economic Offences Wing of the Chennai police department in or around September 2020, was closed by the relevant court on July 17, 2026, with no action taken against the Company Respondents. During the nine months ended June 30, 2026, there were no other significant changes from the disclosure in the Form 10-K for the fiscal year ended September 30, 2025. Western Asset Management Investigations and Litigation. As previously disclosed, the Company launched an internal investigation into certain trade allocations of treasury derivatives in select Western Asset Management (WAM) managed accounts by its then-co-Chief Investment Officer, Ken Leech. WAM received notification of parallel investigations by the SEC and the U.S. Department of Justice (DOJ). WAM also received notice of an investigation into these trading activities by the CFTC. The Company and WAM fully cooperated with these investigations. As previously disclosed, the CFTC informed WAM that it closed its investigation. On June 3, 2026, the DOJ notified WAM that it is no longer a subject of the DOJ investigation and that it will take no further action. On June 5, 2026, the SEC issued an order resolving its investigation of WAM in its entirety (the Settlement). Under the Settlement, WAM, without admitting any wrongdoing, agr …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Operating revenues by geographic area were as follows: (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the three months ended June 30, 2026 Investment management fees $ 1,367.0 $ 266.5 $ 94.7 $ 63.3 $ 74.7 $ 1,866.2 Sales and distribution fees 265.6 120.0 8.0 10.1 0.8 404.5 Shareholder servicing fees 64.8 8.9 0.5 0.1 74.3 Other 13.2 0.2 13.4 Total $ 1,710.6 $ 395.4 $ 103.4 $ 73.5 $ 75.5 $ 2,358.4 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the nine months ended June 30, 2026 Investment management fees $ 4,064.4 $ 758.5 $ 265.2 $ 190.4 $ 254.9 $ 5,533.4 Sales and distribution fees 800.6 334.8 22.0 30.4 2.0 1,189.8 Shareholder servicing fees 187.2 25.4 1.4 0.2 214.2 Other 41.7 1.1 0.2 43.0 Total $ 5,093.9 $ 1,118.7 $ 289.7 $ 221.0 $ 257.1 $ 6,980.4 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the three months ended June 30, 2025 Investment management fees $ 1,240.9 $ 214.2 $ 76.6 $ 49.5 $ 59.6 $ 1,640.8 Sales and distribution fees 249.9 87.1 5.2 9.4 0.3 351.9 Shareholder servicing fees 52.0 7.5 0.4 59.9 Other 11.1 0.2 0.1 11.4 Total $ 1,553.9 $ 308.8 $ 82.4 $ 58.9 $ 60.0 $ 2,064.0 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Midd …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Note 11 Stock-Based Compensation Stock and stock unit award activity was as follows: (shares in thousands) Time-Based Shares Performance- Based Shares Total Shares Weighted- Average Grant-Date Fair Value for the nine months ended June 30, 2026 Nonvested balance at October 1, 2025 14,959 353 15,312 $ 22.81 Granted 8,691 176 8,867 22.68 Vested (2,252) (180) (2,432) 26.25 Forfeited/canceled (2,353) (2,353) 20.76 Nonvested Balance at June 30, 2026 19,045 349 19,394 $ 22.57 Total unrecognized compensation expense related to nonvested stock and stock unit awards was $200.0 million at June 30, 2026. This expense is expected to be recognized over a remaining weighted-average vesting period of 1.7 years. …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 6 Fair Value Measurements The disclosures below include details of the Companys fair value measurements, excluding those of CIPs. See Note 7 Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these entities. The assets and liabilities measured at fair value on a recurring basis were as follows: (in millions) Level 1 Level 2 Level 3 NAV as a Practical Expedient Total as of June 30, 2026 Assets Investments, at fair value Sponsored funds and separate accounts $ 334.6 $ 285.1 $ 1.9 $ 37.2 $ 658.8 Investments related to long-term incentive plans 283.8 0.4 22.9 307.1 Other equity and debt investments 23.9 19.7 1.6 31.6 76.8 Crypto assets 8.3 4.9 13.2 Total Assets Measured at Fair Value $ 650.6 $ 310.1 $ 3.5 $ 91.7 $ 1,055.9 Liabilities Securities sold short $ 238.4 $ $ $ $ 238.4 Contingent consideration liabilities 29.5 29.5 Total Liabilities Measured at Fair Value $ 238.4 $ $ 29.5 $ $ 267.9 (in millions) Level 1 Level 2 Level 3 NAV as a Practical Expedient Total as of September 30, 2025 Assets Investments, at fair value Sponsored funds and separate accounts $ 463.9 $ 305.2 $ 2.2 $ 38.3 $ 809.6 Investments related to long-term incentive plans 253.4 3.3 31.4 288.1 Other equity and debt investments 12.4 9.4 1.8 29.2 52.8 Total Assets Measured at Fair Value $ 729.7 $ 317.9 $ 4.0 $ 98.9 $ 1,150.5 Liabilities Securities sold short $ 193.7 $ $ $ $ 193.7 Contingent consideration liabilities 20.4 20.4 Total Liabilities …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 4 Revenues Operating revenues by geographic area were as follows: (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the three months ended June 30, 2026 Investment management fees $ 1,367.0 $ 266.5 $ 94.7 $ 63.3 $ 74.7 $ 1,866.2 Sales and distribution fees 265.6 120.0 8.0 10.1 0.8 404.5 Shareholder servicing fees 64.8 8.9 0.5 0.1 74.3 Other 13.2 0.2 13.4 Total $ 1,710.6 $ 395.4 $ 103.4 $ 73.5 $ 75.5 $ 2,358.4 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the nine months ended June 30, 2026 Investment management fees $ 4,064.4 $ 758.5 $ 265.2 $ 190.4 $ 254.9 $ 5,533.4 Sales and distribution fees 800.6 334.8 22.0 30.4 2.0 1,189.8 Shareholder servicing fees 187.2 25.4 1.4 0.2 214.2 Other 41.7 1.1 0.2 43.0 Total $ 5,093.9 $ 1,118.7 $ 289.7 $ 221.0 $ 257.1 $ 6,980.4 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United States Europe, Middle East and Africa, Excluding Luxembourg Total for the three months ended June 30, 2025 Investment management fees $ 1,240.9 $ 214.2 $ 76.6 $ 49.5 $ 59.6 $ 1,640.8 Sales and distribution fees 249.9 87.1 5.2 9.4 0.3 351.9 Shareholder servicing fees 52.0 7.5 0.4 59.9 Other 11.1 0.2 0.1 11.4 Total $ 1,553.9 $ 308.8 $ 82.4 $ 58.9 $ 60.0 $ 2,064.0 (in millions) United States Luxembourg Asia-Pacific Americas Excluding United Sta …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 13 Segment and Geographic Information The Company has one operating segment, which provides investment management and related services. The chief operating decision maker (CODM), identified as the Companys Chief Executive Officer, assesses the performance of the business and allocates resources primarily based on consolidated net income attributable to Franklin Resources, Inc. This measure is used to support decision making activities and assess the performance of the operating segment. The CODM regularly reviews the significant segment expenses categories that are presented on the Companys consolidated statements of income. Total assets on the consolidated balance sheets is the measure of segment assets. …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 14 - Subsequent Event On July 30, 2026, the Company entered into an amendment and restatement of its Amended and Restated Credit Agreement (the Second Amended and Restated Credit Agreement). The Second Amended and Restated Credit Agreement amends and restates the Companys existing revolving credit agreement to, among other things, increase the aggregate commitments and extend its maturity to July 30, 2031. The Second Amended and Restated Credit Agreement provides for a five-year revolving credit facility with $1.5 billion of aggregate commitments with the option to increase the aggregate commitments by a maximum of $500.0 million. As of July 30, 2026, there was $700.0 million outstanding under the Second Amended and Restated Credit Agreement. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing