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 · 2026-07-23 vs the prior 10-Q · 2026-04-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +56 | −16 | ~26 | 52 |
| 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 | −2 | ~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 · 2026-07-23
The extent to which these factors affect future financial performance will depend on the evolution of tariff policies, customer production schedules, supply chain conditions, customer market share shifts, and the pace of EV adoption.
Selling, general, and administrative expenses were $46 million and $48 million, during the three months ended June 30, 2026 and 2025, respectively. The decrease in expenses during the second quarter is primarily related to lower bad debt expense.
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…
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.
Text removed vs the prior filing · source: 10-Q · 2026-04-23
The automotive industry continues to face ongoing risks related to tariffs, vehicle affordability, economic uncertainty, geopolitical developments including the recent conflict in the Middle East, semiconductor chip shortages, production disruptions, and changes in customer market share. The potenti…
Selling, general, and administrative expenses were $54 million and $47 million, during the three months ended March 31, 2026 and 2025, respectively. Expenses increased during 2026 due to the non-recurrence of a prior year incentive credit and unfavorable currency impacts.
During the three months ended March 31, 2026, the Company recorded $18 million of net restructuring expense. These expenses are primarily related to employee severance. The increase is primarily related to a restructuring program approved during the three months ended March 31, 2026.
Other income, net was $4 million and $1 million for the three months ended March 31, 2026 and 2025, respectively. Other income, net consisted primarily of net pension financing benefits.
The Company’s provision for income taxes was $16 million for the three months ended March 31, 2026, compared with $26 million for the same period in 2025, representing a decrease of $10 million. The decrease in income tax expense was primarily attributable to lower pretax income in the current‑year …
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-23
Qais SharifSenior Vice President & General Manager of the AmericasAdoptionYes5/26/20265,6754/30/2027
Text removed vs the prior filing · source: 10-Q · 2026-04-23
Robert R. VallanceSenior Vice President, Product Lines, China and APAC Supplier StrategyAdoptionYes2/27/20263,0005/28/2027
Brett PynnonenSenior Vice President and Chief Legal OfficerAdoptionYes3/5/20265,0002/19/2027
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