VC — what changed in the latest 10-Q
A section-by-section comparison of VC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-22 vs the prior 10-Q · 2026-07-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −14 | ~56 | 64 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Other information | Text added/removed | +1 | −1 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-22
During the three months ended September 30, 2026, the Company recorded no restructuring expense and made payments related to accrued programs in the amount of $3 million.
Interest, net for the three months ended September 30, 2026 and 2025 was an expense of $1 million and income of $3 million, respectively. The change was primarily driven by lower interest income resulting from reduced cash balances, reflecting our capital allocation deployment, including share repur…
Other income, net was $3 million and $2 million for the three months ended September 30, 2026 and 2025, respectively, and consisted primarily of net pension financing benefits.
The Company's provision for income taxes was $1 million for the three months ended September 30, 2026, compared with $90 million for the same period in 2025. The decrease in income tax expense was primarily attributable to the non-recurrence of a $60 million U.S. valuation allowance expense recorded…
The effective tax rate was 14% for the three months ended September 30, 2026, compared with 111% for the same period in 2025. The decrease in the effective tax rate was primarily attributable to non-recurrence of the U.S. valuation allowance expense recognized in the prior-year period and a favorabl…
Text removed vs the prior filing · source: 10-Q · 2026-07-23
During the three months ended June 30, 2026, the Company recorded a release of $1 million of net restructuring expense primarily due to a change in estimate of the Q1 2026 programs. During the three months ended June 30, 2025, the Company recorded an expense of $1 million of net restructuring expens…
Interest, net for the three months ended June 30, 2026 increased by $1 million when compared to the same period in 2025. The increase in interest, net is due to lower interest expense related to the debt amendment executed in April 2026.
Other income, net was a loss of $2 million and a gain of $1 million for the three months ended June 30, 2026 and 2025, respectively. During the three months ended June 30, 2026, the loss was primarily due to acquisition and debt amendment costs, partially offset by pension financing benefits.
During the three months ended June 30, 2025, the gain consisted primarily of net pension financing benefits, partially offset by acquisition costs.
The Company's provision for income taxes was $26 million for the three months ended June 30, 2026, compared with $22 million for the same period in 2025. The increase was primarily attributable to net discrete tax expense of $5 million recognized during the second quarter of 2026, consisting princip…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-22
Jerome RouquetSenior Vice President and Chief Financial OfficerAdoptionYes7/28/20264,6753/3/2027
Text removed vs the prior filing · source: 10-Q · 2026-07-23
Qais SharifSenior Vice President & General Manager of the AmericasAdoptionYes5/26/20265,6754/30/2027
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice