Stanley Black & Decker (SWK): what its 10-K says it depends on

Customers

Lowe's

earns from · approximately 12%named as a risk

The Home Depot accounted for approximately 15% and 14% of the Company's consolidated net sales in 2025 and 2024, respectively, while Lowe's accounted for approximately 12% and 14% of the Company's consolidated net sales in 2025 and 2024, respectively.Business (Item 1)

Also named by AOS, DE, HLMN, MAS, SMG, SYF, TREX, WHR

The Home Depot

earns from · approximately 15%named as a risk

The Home Depot accounted for approximately 15% and 14% of the Company's consolidated net sales in 2025 and 2024, respectively, while Lowe's accounted for approximately 12% and 14% of the Company's consolidated net sales in 2025 and 2024, respectively.Business (Item 1)

Also named by DE, HLMN, MAS, O, SMG, TREX

Home centers and mass merchants

concentrated in · approximately 42% of consolidated net salesnamed as a risk

In 2025, the two largest customers comprised approximately 27% of consolidated net sales, with U.S. and international mass merchants and home centers collectively comprising approximately 42% of consolidated net sales.Risk factors (Item 1A)

Other companies

Lenox, Troy-Bilt and Irwin trade names

$108.4 millionnamed as a risk

During 2025, the Company recognized a $108.4 million pre-tax, non-cash impairment charge driven by updates to the Company’s brand prioritization strategy impacting the Lenox, Troy-Bilt, and Irwin trade names.Risk factors (Item 1A)

Consolidated Aerospace Manufacturing (CAM) divestiture

$1.8 billion

Most recently, the Company announced in December 2025 that it had entered into a definitive agreement to sell its Consolidated Aerospace Manufacturing ("CAM") business for $1.8 billion in cash.Business (Item 1)

Places

Europe

earns from · 16%named as a risk

The Company generates approximately 38% of its revenues outside the U.S., including 16% from Europe and 13% from various emerging market countries.Risk factors (Item 1A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Emerging markets

earns from · 13%named as a risk

The Company generates approximately 38% of its revenues outside the U.S., including 16% from Europe and 13% from various emerging market countries.Risk factors (Item 1A)

Also named by ABT, AVY, BEN, BGC, C, EMR, FIS, MDLZ and 1 more

United States

earns from · Approximately 62%

Approximately 62% of the Company’s 2025 revenues were generated in the United States, with the remainder largely from Europe (16%), emerging markets (13%) and Canada (4%).Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

China

depends onnamed as a risk

The Company sources many products from China and other low-cost countries for resale in other regions.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Taiwan

depends onnamed as a risk

Specifically, the Company sources materials from South Korea, China, Taiwan and Israel, among other countries, and any future tensions or conflicts in such regions could cause material disruptions in the Company's supply chain which could, in turn, cause product shortages, delays in delivery and/or increases in the Company's cost incurred to produce and deliver products to its customers.Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Mexico

operates innamed as a risk

For example, in 2025 the Company began shifting production of certain power tools to Mexico.Risk factors (Item 1A)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Israel

depends onnamed as a risk

Specifically, the Company sources materials from South Korea, China, Taiwan and Israel, among other countries, and any future tensions or conflicts in such regions could cause material disruptions in the Company's supply chain which could, in turn, cause product shortages, delays in delivery and/or increases in the Company's cost incurred to produce and deliver products to its customers.Risk factors (Item 1A)

Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more

South Korea

depends onnamed as a risk

Specifically, the Company sources materials from South Korea, China, Taiwan and Israel, among other countries, and any future tensions or conflicts in such regions could cause material disruptions in the Company's supply chain which could, in turn, cause product shortages, delays in delivery and/or increases in the Company's cost incurred to produce and deliver products to its customers.Risk factors (Item 1A)

Also named by AAPL, ALAB, AMAT, BE, BWA, CPNG, CROX, ENTG and 11 more

Commodities and inputs

Chinese Renminbi

exposed to its pricenamed as a risk

The Company may experience cost increases on such purchases and increases to its costs of goods sold to the extent the RMB or other currencies appreciate, or other foreign currency changes occur.Risk factors (Item 1A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Rare earth minerals

depends onnamed as a risk

Any such restrictions or delays on the export of rare earth minerals from China have caused, and may in the future cause, increased costs and/or production disruptions which could materially and adversely impact the Company’s results of operations, cash flow and financial condition.Risk factors (Item 1A)

Also named by ALAB, AMAT, COHR, DE, EXTR, GE, GEHC, GWW and 10 more

Cobalt

depends onnamed as a risk

Generally, raw materials and components are available from several different suppliers, however, for certain products, such as components requiring rare earth minerals sourced from China and components requiring cobalt, the Company and its suppliers may rely on one or very few suppliers or suppliers concentrated in certain regions.Risk factors (Item 1A)

Also named by ATI, BDX, CRS, HWM, RTX

Lithium

exposed to its pricenamed as a risk

Furthermore, increased demand for battery technology may also increase the costs to the Company for both the battery cells as well as the underlying raw materials such as cobalt and lithium, among others.Risk factors (Item 1A)

Also named by ALB, GM, TSLA

Battery cells

exposed to its pricenamed as a risk

Furthermore, increased demand for battery technology may also increase the costs to the Company for both the battery cells as well as the underlying raw materials such as cobalt and lithium, among others.Risk factors (Item 1A)

Steel

depends on

The Company’s products are manufactured using resins, ferrous and non-ferrous metals including, but not limited to, steel, zinc, copper, brass, aluminum and nickel.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Regulators

Environmental Protection Agency (EPA)

subject to · $259.2 millionnamed as a risk

As of January 3, 2026 and December 28, 2024, the Company had reserves of $259.2 million and $275.4 million, respectively, for remediation activities associated with Company-owned properties, as well as for Superfund sites, for losses that are probable and estimable.Business (Item 1)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

Consumer Product Safety Commission

subject tonamed as a risk

Despite safety and quality reviews, the Consumer Product Safety Commission or other applicable regulatory bodies have required and may require in the future, or the Company has voluntarily instituted and may in the future voluntarily institute, the recall, repair or replacement of the Company’s products if those products are found not to be in compliance with applicable standards or regulations.Risk factors (Item 1A)

Also named by ASO, AXON, BBW, CHD, DORM, GNRC, HAS, KVUE and 8 more

Laws and programs

West Coast Loading Corporation (WCLC) Consent Decree

subject to · $15.6 million

As of January 3, 2026, the Company has recorded $15.6 million in Other assets related to funding by the Environmental Protection Agency ("EPA") and monies received have been placed in trust in accordance with the Consent Decree associated with the West Coast Loading Corporation ("WCLC") proceedings, as further discussed in Note R, Contingencies, of the Notes to Consolidated Financial Statements in Item 8.Business (Item 1)

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk

Even though the Company is taking actions to qualify for an exemption under the United States-Mexico-Canada Agreement to mitigate the additional tariff costs, there is no guarantee that the Company will be able to obtain such qualification.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

U.S. Section 301 tariffs

subject tonamed as a risk

Substantially all of the Company's import operations are subject to customs requirements, trade restrictions and protection measures, and to tariffs, quotas and taxes on imports set by governments through mutual agreements, bilateral actions or, in some cases unilateral action, such as tariffs implemented by the U.S. government under Section 301 of the Trade Act of 1974.Risk factors (Item 1A)

2025 U.S. tariffs on imported goods

subject tonamed as a risk

In 2025, the U.S. government announced a series of tariffs on imported goods into the U.S., which prompted retaliatory actions from some of its trading partners, and in response, the Company introduced strategies to mitigate the impacts of these changes on its results of operations, including price increases and supply chain adjustments.Risk factors (Item 1A)