XYL on NYSE

Xylem Inc.

Logo: Xylem Inc., Public domain, via Wikimedia Commons6

American water technology provider company

Xylem Inc. is a large American water technology provider, in public utility, industrial, commercial, agricultural and residential settings. The company does business in more than 150 countries. Launched in 2011 as the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Washington, DC, with 2024 revenues of $8.6 billion and 23,000 employees worldwide.3 Its chief executive is Matthew Pine (since 2024).1 Wikipedia text CC BY-SA 4.0

$106.19 up 1.17 (1.11%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

2011Founded1

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  • TickerXYL on NYSE1
  • Industryindustrial manufacturing1
  • HeadquartersWashington, D.C.1
  • Websitewww.xylem.com
  • Incorporated inIN7
  • Business address301 Water Street Se, Washington, Dc 200037
  • Filer categoryLarge accelerated filer7
  • Legal formFor-Profit Corporation4
  • LEI549300DF5MV96DRYLQ484
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O C T CORPORATION SYSTEM, 46204 Indianapolis, United States4
  • Registered withBusiness Services Division (Secretary of State), 20110505005604
Xylem 04
Photo: Bernt Fransson, CC BY-SA 4.0, via Wikimedia Commons10

Xylem Inc. is a large American water technology provider, in public utility, industrial, commercial, agricultural and residential settings. The company does business in more than 150 countries. Launched in 2011 as the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Washington, DC, with 2024 revenues of $8.6 billion and 23,000 employees worldwide.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.5%Gross margin11
13.5%Operating margin11
10.6%Net margin11
5.5%Revenue growth, 202511
8.3%Return on equity11
0.12×Debt to equity11

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 83% of the revenue Xylem Inc. broke down this way in fiscal 2025.

  1. Product$7.5B1183%up 5% from 2024
  2. Service$1.6B1117%up 7% from 2024
Products and services by year
Products and services202320242025
Product$6.3B$7.1B$7.5B
Service$1.1B$1.5B$1.6B

Business segments

Water Infrastructure brought in 29% of the revenue Xylem Inc. broke down this way in fiscal 2025.

  1. Water Infrastructure$2.6B1129%up 3% from 2024
  2. Water Solutions & Services$2.5B1127%up 5% from 2024
  3. Measurement and Control Solutions$2.1B1123%up 11% from 2024
  4. Applied Water$1.8B1120%up 3% from 2024
Business segments by year
Business segments202320242025
Water Infrastructure$2.2B$2.6B$2.6B
Water Solutions & Services$1.7B$2.3B$2.5B
Measurement and Control Solutions$1.6B$1.9B$2.1B
Applied Water$1.9B$1.8B$1.8B

Regions

United States brought in 58% of the revenue Xylem Inc. broke down this way in fiscal 2025.

  1. United States$5.2B1158%up 7% from 2024
  2. Europe$1.8B1120%up 5% from 2024
  3. Asia Pacific$1.2B1114%down 4% from 2024
  4. Other Countries$766.0M118%up 12% from 2024
Regions by year
Regions202320242025
United States$4.0B$4.9B$5.2B
Europe$1.7B$1.7B$1.8B
Asia Pacific$1.2B$1.3B$1.2B
Other Countries$571.0M$681.0M$766.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue62¢$5.6B
  • Research and development3¢$226.0M
  • Selling, general and admin21¢$1.9B
  • Other costs2¢$138.0M
  • Income tax3¢$231.0M
  • Profit11¢$957.0M

Out of $9.0B in revenue.11

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid32¢$391.0M
  • Share buybacks1¢$15.0M
  • Kept or used elsewhere67¢$835.0M

Out of $1.2B of cash from operations.11

Financial statements

Revenue1213141511$9.0B in 2025+72% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $5.2B$5.2B20192020: $4.9B$4.9B2020−7%2021: $5.2B$5.2B2021+7%2022: $5.5B$5.5B2022+6%2023: $7.4B$7.4B2023+33%2024: $8.6B$8.6B2024+16%2025: $9.0B$9.0B2025+6%
Gross profit1213141511$3.5B in 2025+70% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.0B$2.0B20192020: $1.8B$1.8B2020−11%2021: $2.0B$2.0B2021+8%2022: $2.1B$2.1B2022+6%2023: $2.7B$2.7B2023+30%2024: $3.2B$3.2B2024+18%2025: $3.5B$3.5B2025+8%
Operating income1213141511$1.2B in 2025+152% since 2019
0$500.0M$1.0B$1.5B2019: $486.0M$486.0M20192020: $367.0M$367.0M2020−24%2021: $585.0M$585.0M2021+59%2022: $622.0M$622.0M2022+6%2023: $652.0M$652.0M2023+5%2024: $1.0B$1.0B2024+55%2025: $1.2B$1.2B2025+21%
Net income1213141511$957.0M in 2025+139% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $401.0M$401.0M20192020: $254.0M$254.0M2020−37%2021: $427.0M$427.0M2021+68%2022: $355.0M$355.0M2022−17%2023: $609.0M$609.0M2023+72%2024: $890.0M$890.0M2024+46%2025: $957.0M$957.0M2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.11

Period ending2025-12-312024-12-312023-12-31
Revenue$9.0B$8.6B$7.4B
Cost of revenue$5.6B$5.3B$4.6B
Gross profit$3.5B$3.2B$2.7B
Selling, general and administrative expenses$1.9B$1.9B$1.8B
Research and development expenses$226.0M$230.0M$232.0M
Restructuring and asset impairment charges$103.0M$62.0M$76.0M
Operating income$1.2B$1.0B$652.0M
Interest expense-$29.0M-$44.0M-$49.0M
Gain on remeasurement of previously held equity interest$0$152.0M$0
Other non-operating income, net$18.0M$16.0M$33.0M
Loss on sale of businesses-$31.0M-$46.0M-$1.0M
Income before taxes$1.2B$1.1B$635.0M
Income tax expense-$231.0M-$197.0M-$26.0M
Net income$950.0M$890.0M$609.0M
Net loss attributable to non-controlling interests$7.0M$0$0
Net income attributable to Xylem$957.0M$890.0M$609.0M
Basic (in dollars per share)$3.93$3.67$2.81
Diluted (in dollars per share)$3.92$3.65$2.79
Basic (in shares)243.4M shares242.6M shares217.0M shares
Diluted (in shares)244.0M shares243.5M shares218.2M shares

Compare Xylem Inc. with another company

Corporate structure

Xylem Inc. sits at the top of its group. 187 entities, 56 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Xylem Inc.

  • Xylem Inc. Washington, the District of Columbia, United States
    • Aanderaa Data Instruments AS Subsidiary · Norway
    • Anadolu Flygt Pompa Pazarlama Ve Ticaret A.Ş. Subsidiary · Turkey
    • AYC Sinergia, S.L. Subsidiary · Spain
    • Caribe Water Technology, Inc. Subsidiary · Puerto Rico, United States
    • Cleverpy Machine Learning. S.L. Subsidiary · Spain
    • CMS Research Corporation Subsidiary · Alabama, United States
    • EMX HOLDINGS, INC. Subsidiary · Delaware, United States
    • Ensai Ingenieria, S.L. Subsidiary · Spain
    • EnviroMix, Inc. Subsidiary · Delaware, United States
    • Evoqua Finance LLC Subsidiary · Delaware, United States
    • Evoqua Pension Trustees Limited Subsidiary · United Kingdom
    • Evoqua Water Technologies (Shanghai) Co., Ltd. Subsidiary · China
    • Evoqua Water Technologies Canada Ltd. Subsidiary · Nova Scotia, Canada
    • EVOQUA WATER TECHNOLOGIES INDIA PRIVATE LIMITED Subsidiary · Saidapet, India
    • Evoqua Water Technologies Ireland Limited Subsidiary · Ireland
    • EVOQUA WATER TECHNOLOGIES LIMITED Subsidiary · Caldicot, United Kingdom
    • EVOQUA WATER TECHNOLOGIES PTY LTD Subsidiary · Sydney, Australia
    • EWT Holdings II Corp. Subsidiary · Delaware, United States
    • EWT Holdings III Corp. Subsidiary · Delaware, United States
    • Faradyne Motors (Suzhou) Co. Ltd. Subsidiary · China
    • Faradyne Motors LLC Subsidiary · Delaware, United States
    • Flow Control LLC Subsidiary · Delaware, United States
    • Fluid Handling, LLC Subsidiary · Delaware, United States
    • Global Omnium Idrica HK Limited Subsidiary · Hong Kong
    • Global Omnium Idrica, S.L. Subsidiary · Spain
    • and 159 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Xylem Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.8B11 Dec 31, 2025$2.6B11 Dec 31, 2024+8.2%
Accumulated depreciation$1.6B11 Dec 31, 2025$1.4B11 Dec 31, 2024+14.2%
Property and equipment, net$1.2B11 Dec 31, 2025$1.2B11 Dec 31, 2024+0.6%
Finance-lease assets$118.0M11 Dec 31, 2025$97.0M11 Dec 31, 2024+21.6%
Operating-lease assets (leased space)$391.0M11 Dec 31, 2025$309.0M11 Dec 31, 2024+26.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5B11 Dec 31, 2025$1.1B11 Dec 31, 2024+31.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.3B11 Dec 31, 2025$8.0B11 Dec 31, 2024+4.4%
Intangible assets, net (excluding goodwill)$2.3B11 Dec 31, 2025$2.4B11 Dec 31, 2024−4.5%
Indefinite-lived intangibles (excluding goodwill)$168.0M11 Dec 31, 2025$164.0M11 Dec 31, 2024+2.4%
Accumulated amortization$1.5B11 Dec 31, 2025$1.3B11 Dec 31, 2024+17.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$983.0M11 Dec 31, 2025$996.0M11 Dec 31, 2024−1.3%
Raw materials$541.0M11 Dec 31, 2025$555.0M11 Dec 31, 2024−2.5%
Work in process$100.0M11 Dec 31, 2025$100.0M11 Dec 31, 20240%
Finished goods$342.0M11 Dec 31, 2025$341.0M11 Dec 31, 2024+0.3%

Properties, in its own words

We have approximately 400 locations in more than 50 countries. These properties total approximately 15 million square feet, of which more than 300 locations, or approximately 9 million square feet, are leased. We consider the offices, plants, warehouses and other properties that we own or lease to be in good condition and generally suitable for the purposes for which they are used. The following table shows our significant locations by segment:

Location · State orCountry · Principal Business Activity · Approx.SquareFeet · Owned or Leased

The rest of Item 2

Emmaboda · Sweden · Administration and Manufacturing · 1,197,000 · Owned

Shenyang · China · Manufacturing · 271,000 · Owned

Thomasville · GA · Manufacturing · 211,000 · Owned

Vadodara · India · Manufacturing and Research & Development · 337,000 · Leased

Stockholm · Sweden · Administration and Research & Development · 182,000 · Leased

Holland · MI · Manufacturing · 132,000 · Owned

Morton Grove · IL · Administration and Manufacturing · 530,000 · Owned

Montecchio · Italy · Administration and Manufacturing · 379,000 · Owned

Nanjing · China · Manufacturing · 363,000 · Owned

Guadalupe · Mexico · Manufacturing · 315,000 · Leased

Auburn · NY · Manufacturing · 273,000 · Owned

Abony · Hungary · Manufacturing · 250,000 · Leased

Strzelin · Poland · Manufacturing · 185,000 · Owned

Cheektowaga · NY · Manufacturing · 147,000 · Owned

Ludwigshafen · Germany · Manufacturing · 318,000 · Owned

Texarkana · AR · Manufacturing · 254,000 · Owned

Uniontown · PA · Manufacturing · 240,000 · Leased

DuBois · PA · Manufacturing · 197,000 · Owned

Durham · NC · Administration and Research & Development · 172,000 · Leased

Weilheim · Germany · Manufacturing · 160,000 · Leased

Dubois · PA · Manufacturing · 333,000 · Owned

Rockford · IL · Manufacturing · 165,000 · Owned

Bridgeport · NJ · Administration and Manufacturing · 136,000 · Leased

Houston · TX · Service · 107,000 · Leased

Regional Locations

Dubai · United Arab Emirates · Manufacturing · 144,000 · Owned

Nottinghamshire · United Kingdom · Administration · 139,000 · Leased

Nanterre · France · Sales & Service Office · 139,000 · Leased

Langenhagen · Germany · Sales & Service Office · 134,000 · Owned

Schaffhausen · Switzerland · Administration · 18,000 · Leased

Corporate Headquarters

Washington · DC · Administration · 18,000 · Leased

Item 2 of the 10-K filed Feb 25, 2026.19

The story

On January 12, 2011, Xylem's parent, ITT Corporation announced its plan to separate the company into three, stand-alone publicly traded, independent companies". The future water company was named Xylem, pronounced zi-lem. (The name "Xylem", derived from classical Greek, is the tissue that transports water in plants.) It comprises three business units – Water Solutions, Analytics, and Applied Water Systems.

ITT Corporation spun off its defense businesses into a company named ITT Exelis, and retained its corporate name, logo and "Engineered for life" company tagline for its other activities.

In March 2014, Patrick Decker succeeded Steven R. Loranger as the CEO and president of Xylem. Loranger was chairman, president and CEO of ITT Corporation when it spun its water businesses off as Xylem in October 2011.

In May 2023, Xylem completed the acquisition of Evoqua Water Technologies, a provider of water and wastewater treatment solutions and services, in an all-stock transaction valued at $7.5 billion. The combined company becomes the world's largest pure-play water technology company. The structure's projected pro forma revenue is $7.3 billion, with a global workforce of more than 22,000 employees.

The company's revenue for 2023 totalled $7.4 billion, exceeding the reported basis by 33%. The company's net profit totalled $266 million, with a net profit margin of 12.6%.

In May 2024, Xylem, in partnership with the German city of Weissenburg and the Technical University of Munich, launched a revolutionary water-related initiative, Reuse Brew. This is a traditional German pale lager beer made from recycled wastewater. This process, utilizing technology developed by Xylem, involves ozone injection, ultraviolet radiation, hydrogen peroxide pellets, and filtration through carbon and nano filters.

From Wikipedia’s article on Xylem Inc., shared under CC BY-SA 4.0.8

Leadership

Who has led Xylem Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (51)

Products and brands

Flygt

Flygt is a manufacturer of dry and submersible pumps, submersible mixers and related intelligent control systems. Product development and manufacturing of Flygt products are based in Sweden.

History

In 1901, Per Alfred Stenberg established a foundry in the small town of Emmaboda in southern Sweden. One of the main products was molds for the glass industry. Per Alfred transferred ownership of the company to his sons. In 1922, Hilding Flygt set up a pump and fan sales company in Stockholm. Through a newspaper advertisement the two companies are brought into contact with one another in 1929, and led to the Stenberg brothers beginning to produce Flygt pumps in Emmaboda.

Sixten Englesson, chief engineer, invented the first submersible drainage pump in 1947 and the first submersible sewage pump in 1956. In 1968, the Stenberg family sold the company to ITT Corporation. During the 1970s, the product range was expanded with mixers and other products.

Goulds Water Technology

Goulds Water Technology is an American manufacturer of water pumps. Incorporated in the 19th century, Goulds Water is a brand of Xylem Inc.

Read the full text

History

The corporate history of Goulds Pumps began in Seneca Falls, New York in 1848, when Seabury S. Gould purchased the interests of Edward Mynderse and H.C. Silsby in Downs, Mynderse & Co., a pump making business which had started up in 1840. The company, known as Downs & Company until 1869, cast and assembled the world's first all-metal pump in 1849.

In 1869, the Goulds name was added, and the company became known as Goulds Manufacturing Company. The Gould family ran the operation from 1872 until 1964, renaming the company Goulds Pumps Incorporated in 1926.

In the 1960s, Goulds expanded by adding acquisitions of companies in California, Texas, Pennsylvania and New York. The company expanded under a joint operational agreement into China, Singapore and Korea. By the 1990s, Goulds expanded into Austria, Italy, Mexico and Venezuela.

In 1997, Goulds Pumps was purchased by ITT Industries. Goulds and ITT served 130 nations combined. Goulds Pumps was a subsidiary with its own name under ITT. Goulds Pumps management moved back to Seneca Falls in 1998.

Branding under Xylem

On October 31, 2011, Xylem Inc. completed its spinoff from ITT Corporation, and had 2011 revenues of $3.8 billion. Goulds Water Technology is a brand of Xylem Inc. providing pumps for residential, commercial and agricultural applications and Goulds Pumps remains a part of ITT Corporation providing pump products for the industrial market.

Xylem comprises three business units – Water Solutions, Analytics, and Applied Water Systems. These three units are interconnected, anticipating and reflecting evolving needs and sharing their applications expertise to cover every stage of the water cycle. The Goulds Water technology brand is part of the Applied Water Systems business unit that manufactures centrifugal and turbine pumps, controllers, variable frequency drives, and accessories for agricultural, building trades, commercial and light industrial water and products for wastewater applications.

HYPACK

HYPACK, a leading producer of hydrographic data acquisition and processing software, was acquired by Xylem in November, 2015.

YSI

YSI, a Xylem brand, is a developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water quality monitoring and testing.

Corporate history

The company reaches back to 1948 when a three-man partnership was forged at Antioch College in Yellow Springs, Ohio, US. This village, between Dayton and Columbus, still serves as the headquarters for what started as the Yellow Springs Instrument Company, and later became YSI Inc.

In 1985, Malte von Matthiessen succeeded Hardy Trolander as president. In 1999 Rick Omlor became president and COO, and in 2002 he became CEO when von Matthiessen retired. In 2011 Ron Geis was appointed new general manager of YSI; former CEO Rick Omlor continued as executive advisor.

In 2011 YSI merged with Analytics division of ITT Corp. to form the water company Xylem.

Branches

The firm opened branches in the 1990s in Japan (YSI (Japan) Limited), and then one in Hong Kong (YSI (Hong Kong) Limited). In the 2000s, they opened an office in Qingdao, China, followed by ones in Beijing and in Bahrain. They opened a specialized branch in Shanghai (Asian Hydroacoustics Center). In 2006 they opened an office in Ireland, in 2009 in Australia. and in 2010 in Abu Dhabi. In the US, they opened a Gulf Coast sales and service office in Baton Rouge, Louisiana in 2003.

Acquisitions

The firm acquired various companies in the 1980s: Design Analysis Associates, Inc., a firm founded by William I. Fletcher; and acquired Endeco, a Marion, Massachusetts, oceanographic data collection and monitoring company. In the 1990s they acquired Victory Engineering Company, in Springfield, New Jersey, to complement the YSI temperature product line, and SonTek, a precision water velocity measurement company, founded in California; they also acquired controlling interests in Clandon Scientific in England. In the 2000s, they acquired Hydrodta UK, and acquired the environmental business from AMJ Equipment Corp and renamed the new environmental monitoring and services company AMJ Environmental in St. Petersburg, Florida. In 2009, Design Analysis Associates in Logan, Utah, a manufacturer of data loggers and radar level sensors was acquired.

Xylem announced that it would buy Sensus USA Inc., an advanced metering technology manufacturer, in August 2016. The acquisition was completed on October 31, 2016 for $1.7 billion.

Products

The company from the start introduced the first commercial product in many categories: In 1952, they introduced the first quartz crystal electronic stopwatch, and the first practical electronic thermometer. In 1956, first commercial heart-lung machine, in 1957, the first instantaneous blood-gas analyzer.

They continued development in their key area of temperature measurement. They produced the first interchangeable thermistor temperature probes in 1955, and developed it into a complete line of precision interchangeable thermistors in 1961, and in 1965 developed the first linear thermistor temperature sensor, which Industrial Research magazine recognized as one of the 100 most significant new technological products of the year. In other analytical instruments, they produced the first practical dissolved oxygen meter for field and laboratory use in 1965, which the same magazine recognized as yet another of the most significant technological products of the year.

Their oxygen meter had used the technique of polarography, and they developed further products on the same principle, including the first immobilized-enzyme-activated polarographic sensor in 1972. They then developed further biomedical instrumentation: the first commercially successful whole blood glucose analyzer in 1975, the first commercial alcohol measurement instrument using immobilized enzyme electrode technology in 1982. They continued using immobilized enzyme techniques, for the first direct whole-blood L-lactate assays using immobilized enzyme electrode also in 1982. They also continued developing thermal technology, with the first commercial gallium melting-point temperature standard (29.7715 °C) in 1977 and the first robotic-manufactured glass-encapsulated precision thermistors in 1996.

They produced their first environmental monitoring instrument, a dissolved oxygen sensor, in 1992. They then developed instrumentation for conductivity measurement of ultrapure water in 1996, and the first accurate commercial fiber-optic based CO2 measurement system, in 1998.

Beginning in the late 1990s, they began producing analytical software and integrated analytical instrumentation: BOD Analyst(TM), software that automates BOD testing. They also began developing integrated analytical systems: the YSI 600 QS Quick Sample multiparameter spot sampling system, the YSI 5200 Recirculating System Monitor, and the YSI 7100 Multiparameter Bioanalytical System (MBS).

Charitable

In the spring of 2015, Gulf Specimen Marine Laboratory, a small nonprofit educational and scientific marine supply company, raised over $72,000 in a social media campaign to replace their ancient and failing Wedeco ozonator system for water purification required in their aquarium. Xylem Inc provided their new ozonator system "at cost", with full engineering support and installation allowing GSML to have the new system with the funds they had raised.

From Wikipedia’s article on Xylem Inc., shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AYC Sinergia, S.L. Spain9
  • Aanderaa Data Instruments AS Norway9
  • Anadolu Flygt Pompa Pazarlama Ve Ticaret A.Ş. Turkey9
  • CMS Research Corporation Alabama9
  • Caribe Water Technology, Inc. Puerto Rico9
  • Cleverpy Machine Learning. S.L. Spain9
  • EMX HOLDINGS, INC. Delaware9
  • EWT Holdings II Corp. Delaware9
  • EWT Holdings III Corp. Delaware9
  • Ensai Ingenieria, S.L. Spain9
  • EnviroMix, Inc. Delaware9
  • Evoqua Finance LLC Delaware9
  • Evoqua Pension Trustees Limited England & Wales9
  • Evoqua Water Technologies (Shanghai) Co., Ltd. China9
  • Evoqua Water Technologies Canada Ltd. Nova Scotia9
  • Evoqua Water Technologies Corp. Delaware9
  • Evoqua Water Technologies GmbH Germany9
  • Evoqua Water Technologies India Private Limited India9
  • Evoqua Water Technologies Ireland Limited Ireland9
  • Evoqua Water Technologies LLC Delaware9
  • Evoqua Water Technologies Limited England & Wales9
  • Evoqua Water Technologies Ltd. Canada (Federally Chartered)9
  • Evoqua Water Technologies Pte. Ltd. Singapore9
  • Evoqua Water Technologies Pty Ltd Australia9
All 189 listed subsidiaries
  • Faradyne Motors (Suzhou) Co. Ltd. China9
  • Faradyne Motors LLC Delaware9
  • Flow Control LLC Delaware9
  • Fluid Handling, LLC Delaware9
  • Global Omnium Idrica HK Limited Hong Kong9
  • Global Omnium Idrica, S.L. Spain9
  • GoAigua Inc. Delaware9
  • GoAigua Mex, S.A. de C.V. Mexico9
  • GoAigua Solutions Inc. Canada (Federally Chartered)9
  • Goulds Water Technology Philippines, Inc Philippines9
  • Heusser Water Solutions AG Switzerland9
  • IMT B.V. Netherlands9
  • Idrica Chile SPA Chile9
  • Idrica Colombia S.A.S. Colombia9
  • Idrica Peru, S.A.C. Peru9
  • Idrica Sociedad de Responsabilidad Limitada Costa Rica9
  • Idrica do Brasil Saneamiento Digital Ltda. Brazil9
  • Idrica for Contracting and Consulting W.L.L. Qatar9
  • Jabsco Marine Italia s.r.l. Italy9
  • Jabsco S. de R.L. De C.V. Mexico9
  • Lowara UK Ltd England & Wales9
  • Lowara Vogel Polska SP.ZO.O. Poland9
  • Lowara s.r.l. Unipersonale Italy9
  • MAGNETO international B.V. Netherlands9
  • Neptune Benson, Inc. Delaware9
  • Nova Analytics Europe, LLC Delaware9
  • PT Xylem Water Solutions Indonesia Indonesia9
  • Pac Machine Co., Inc. California9
  • Pension Trustee Management Ltd England & Wales9
  • Pipeline Technologies Philippines Corp Philippines9
  • Pure Holding Inc. Delaware9
  • Pure Technologies Abu Dhabi United Arab Emirates9
  • Pure Technologies Ltd. Alberta9
  • Pure Technologies U.S. Inc. Delaware9
  • PureHM Inc. Alberta9
  • PureHM U.S. Inc. Delaware9
  • SENSUS METERING ESPAÑA, S.L. Spain9
  • Sensus (Nanjing) Trading Co., Ltd. China9
  • Sensus (UK Holdings) Ltd. England & Wales9
  • Sensus Chile SpA Chile9
  • Sensus France Holdings SAS France9
  • Sensus France SAS France9
  • Sensus Germany GP GmbH Germany9
  • Sensus GmbH Hannover Germany9
  • Sensus GmbH Ludwigshafen Germany9
  • Sensus International Australia Pty. Ltd. Australia9
  • Sensus International S.A.S. Colombia9
  • Sensus International S.a.r.l. Luxembourg9
  • Sensus Italia S.R.L. Italy9
  • Sensus Maroc SA Morocco9
  • Sensus Metering India Private Limited India9
  • Sensus Metering Systems (LuxCo 2) S.ar.l Luxembourg9
  • Sensus Metering Systems (LuxCo 3) S.àr.l Luxembourg9
  • Sensus Meters USA LLC Delaware9
  • Sensus Polska Sp. z o.o. Poland9
  • Sensus SPA (Algeria) Algeria9
  • Sensus Services Deutschland GmbH Germany9
  • Sensus Singapore Pte. Ltd. Singapore9
  • Sensus South Africa (Pty) Ltd South Africa9
  • Sensus Spectrum LLC Delaware9
  • Sensus UK Systems Limited England & Wales9
  • Sensus USA Inc. Delaware9
  • Sentec Limited England & Wales9
  • Simply Clean Air and Water, Inc. Connecticut9
  • Smith-Blair, Inc. Delaware9
  • Vacom Systems, LLC Utah9
  • WTG Holdco Australia Pty Ltd Australia9
  • WTG Holdings BV Netherlands9
  • Water Technologies U.K. Ltd England & Wales9
  • Xylem (Beijing) Technology Co. Ltd China9
  • Xylem (China) Company Limited China9
  • Xylem (Hong Kong) Limited Hong Kong9
  • Xylem (Nanjing) Co., Ltd China9
  • Xylem Analytics Beijing Co., Ltd. China9
  • Xylem Analytics Germany GmbH Germany9
  • Xylem Analytics Germany Sales GmbH & Co. KG Germany9
  • Xylem Analytics IP GmbH & Co. KG Germany9
  • Xylem Analytics IP Management GmbH Germany9
  • Xylem Analytics UK Limited England & Wales9
  • Xylem Brasil Soluções para Água Ltda Brazil9
  • Xylem Canada GP ULC Alberta9
  • Xylem Canada LP Ontario9
  • Xylem Canada Ltd. Alberta9
  • Xylem Central Asia Limited Liability Partnership Kazakhstan9
  • Xylem China LLC Delaware9
  • Xylem Cote d’Ivoire Ivory Coast9
  • Xylem Dewatering Solutions UK Ltd England & Wales9
  • Xylem Dewatering Solutions, Inc. New Jersey9
  • Xylem Egypt LLC Egypt9
  • Xylem Egypt Manufacturing LLC Egypt9
  • Xylem Europe GmbH Switzerland9
  • Xylem Global S.àr.l Luxembourg9
  • Xylem Holdings Egypt LLC Egypt9
  • Xylem IP Holdings LLC Delaware9
  • Xylem IP UK S.àr.l Luxembourg9
  • Xylem Inc. Indiana9
  • Xylem Industries Malta Limited Malta9
  • Xylem Industries Singapore Pte. Ltd. Singapore9
  • Xylem International Inc. Delaware9
  • Xylem International S.àr.l Luxembourg9
  • Xylem Israel Ltd. Israel9
  • Xylem Japan K.K. Japan9
  • Xylem Luxembourg 1 Luxembourg9
  • Xylem Manufacturing Middle East Region FZCO United Arab Emirates9
  • Xylem Middle East Water Equipment Trading & Rental LLC United Arab Emirates9
  • Xylem Monterrey, S. de R.L. de C.V. Mexico9
  • Xylem Ontario Inc. Ontario9
  • Xylem Rus LLC Russian Federation9
  • Xylem Saudi Saudi Arabia9
  • Xylem Service Italia Srl Italy9
  • Xylem Services USA LLC Delaware9
  • Xylem South Africa Trust South Africa9
  • Xylem Switzerland 1 GmbH Switzerland9
  • Xylem Switzerland 2 GmbH Switzerland9
  • Xylem Switzerland 3 GmbH Switzerland9
  • Xylem Switzerland 4 GmbH Switzerland9
  • Xylem Switzerland 5 GmbH Switzerland9
  • Xylem Vue Inc. Delaware9
  • Xylem Water Holdings Ltd England & Wales9
  • Xylem Water Services Ltd England & Wales9
  • Xylem Water Solutions (Thailand) Co., Ltd. Thailand9
  • Xylem Water Solutions Argentina S.R.L. Argentina9
  • Xylem Water Solutions Austria GmbH Austria9
  • Xylem Water Solutions Belgium BV Belgium9
  • Xylem Water Solutions Chile S.A. Chile9
  • Xylem Water Solutions Colombia S.A.S. Colombia9
  • Xylem Water Solutions Denmark ApS Denmark9
  • Xylem Water Solutions Deutschland GmbH Germany9
  • Xylem Water Solutions España, S.L.U Spain9
  • Xylem Water Solutions France SAS France9
  • Xylem Water Solutions Global Services AB Sweden9
  • Xylem Water Solutions Herford GmbH Germany9
  • Xylem Water Solutions Ireland Ltd. Ireland9
  • Xylem Water Solutions Italia S.r.l. Italy9
  • Xylem Water Solutions Kenya Limited Kenya9
  • Xylem Water Solutions Korea Co., Ltd. South Korea9
  • Xylem Water Solutions Magyarorszag Kft. Hungary9
  • Xylem Water Solutions Malaysia SDN. BHD. Malaysia9
  • Xylem Water Solutions Manufacturing AB Sweden9
  • Xylem Water Solutions Metz SAS France9
  • Xylem Water Solutions Mexico S.de R.L. de C.V. Mexico9
  • Xylem Water Solutions Middle East Region FZCO United Arab Emirates9
  • Xylem Water Solutions Nederland BV Netherlands9
  • Xylem Water Solutions New Zealand Limited New Zealand9
  • Xylem Water Solutions Norge AS Norway9
  • Xylem Water Solutions Panama s.r.l. Panama9
  • Xylem Water Solutions Peru S.A. Peru9
  • Xylem Water Solutions Polska Sp. z o.o. Poland9
  • Xylem Water Solutions Portugal Unipessoal Lda. Portugal9
  • Xylem Water Solutions Romania SRL Romania9
  • Xylem Water Solutions Singapore PTE Ltd. Singapore9
  • Xylem Water Solutions South Africa (Pty) Ltd. South Africa9
  • Xylem Water Solutions Suomi Oy Finland9
  • Xylem Water Solutions Sweden AB Sweden9
  • Xylem Water Solutions U.S.A., Inc. Delaware9
  • Xylem Water Solutions UK Holdings Ltd England & Wales9
  • Xylem Water Solutions UK Ltd England & Wales9
  • Xylem Water Solutions Zelienople LLC Delaware9
  • Xylem Water Solutions(Shenyang) CO., Ltd. China9
  • Xylem Water Systems Hungary Kft. Hungary9
  • Xylem Water Systems International, Inc. Delaware9
  • Xylem Water Systems U.S.A., LLC Delaware9
  • Xylem Česká republika spol. s r.o. Czech Republic9
  • YSI (China) Limited Hong Kong9
  • YSI Incorporated Ohio9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 202217,8001

Former names

  • ITT WCO, Inc.Jul 11, 2011 to Jul 11, 20117

Timeline

  1. Sep 29, 20268-K Other events80
  2. Sep 9, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation81
  3. Aug 18, 20268-K Executive or director change; Regulation FD disclosure82
  4. Aug 13, 20268-K Executive or director change83
  5. Jul 28, 20268-K Results of operations84
  6. May 29, 20268-K Entered a material agreement; New debt or obligation; Other events85
  7. May 18, 20268-K Shareholder vote86
  8. Apr 28, 20268-K Results of operations87
  9. Feb 25, 20268-K Other events88
  10. Feb 10, 20268-K Results of operations89
  11. Oct 28, 20258-K Results of operations90
  12. Jul 31, 20258-K Results of operations91
  13. Jan 2024New chief executive Matthew Pine becomes CEO1
  14. Mar 2014New chief executive Patrick Decker becomes CEO1
  15. Sep 9, 2013New chief executive Steven Loranger becomes CEO1
  16. Nov 1, 2011New chief executive Gretchen W. McClain becomes CEO1
  17. Nov 1, 2011Went public Listed on NYSE1
  18. 2011Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.37 a share, on Oct 28, 2025.92

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results84
  2. Apr 28, 2026Reported quarterly or annual results87
  3. Feb 10, 2026Reported quarterly or annual results89
  4. Oct 28, 2025Reported quarterly or annual results90
  5. Jul 31, 2025Reported quarterly or annual results91
  6. Apr 29, 2025Reported quarterly or annual results93
  7. Feb 4, 2025Reported quarterly or annual results94
  8. Jan 30, 2025Reported quarterly or annual results95

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

423 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 234 insider forms, 13 large holders, 109 other. The latest 20:

  1. Oct 9, 20264/A PRIMARY DOCUMENT EDGAR
  2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 17, 2026424B5 EDGAR
  5. Sep 15, 2026FWP EDGAR
  6. Sep 15, 2026424B5 EDGAR
  7. Sep 9, 20268-K EDGAR
  8. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 1, 20263 PRIMARY DOCUMENT EDGAR
  12. Aug 18, 20268-K EDGAR
  13. Aug 14, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 13, 20268-K EDGAR
  15. Aug 13, 20263 PRIMARY DOCUMENT EDGAR
  16. Aug 3, 2026S-3ASR EDGAR
  17. Jul 30, 2026144 EDGAR
  18. Jul 28, 202610-Q EDGAR
  19. Jul 28, 20268-K EDGAR
  20. Jul 1, 20263 PRIMARY DOCUMENT EDGAR

The 423 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

48 open-market trades by officers, directors and large owners since October 2021: 3 buys and 45 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 7, 2026McShane Geri-MichelleSVP, CAOSale4,269$117.46$501.4KForm 4
May 4, 2026Peribere Jerome ADirectorBuy1,210$116.61$141.1KForm 4
Nov 4, 2025Harker Victoria DDirectorSale1,700$148.14$251.8KForm 4
Oct 30, 2025Toussaint Claudia SEVP, CP&SOSale10,421$152.64$1.6MForm 4
Sep 5, 2025McShane Geri-MichelleSVP, CAOSale1,000$139.96$140.0KForm 4
Aug 18, 2025Glatch LisaDirectorSale4,900$140.66$689.2KForm 4
Aug 4, 2025Harker Victoria DDirectorSale1,800$143.63$258.5KForm 4
Mar 7, 2025McShane Geri-MichelleSVP, CAOSale4,119$128.18$528.0KForm 4
Mar 4, 2025Capers Dorothy TrefonSVP & General CounselSale12,026$127.26$1.5MForm 4
Nov 1, 2024Tretikov LilaDirectorSale4$119.96$480Form 4
Oct 22, 2024Tretikov LilaDirectorBuy4$131.98$528Form 4
Sep 9, 2024Harker Victoria DDirectorSale2,760$127.65$352.3KForm 4
Jun 10, 2024McShane Geri-MichelleSVP, CAOSale2,278$138.63$315.8KForm 4
Jun 5, 2024Aulick RodneyEVP & President, WSSSale21,800$139.01$3.0MForm 4
Mar 5, 2024Yarkadas HayatiEVP & President, WISale4,547$127.53$579.9KForm 4
Mar 1, 2024Yarkadas HayatiEVP & President, WISale24,478$127.15$3.1MForm 4
Mar 1, 2024Cerwinka FranzSVP & Pres, AWS & Bus TrnsformSale1,341$127.44$170.9KForm 4
Feb 20, 2024McShane Geri-MichelleSVP, CAOSale1,000$122.89$122.9KForm 4
Feb 15, 2024Beliveau-Dunn JeanneDirectorSale1,835$124.51$228.5KForm 4
Feb 14, 2024Aulick RodneyEVP & President, WSSSale23,870$122.55$2.9MForm 4

All 48 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Matthew F. Pine$1.1M$11.3M101
2025William K. Grogan$748.4K$4.1M101
2025Hayati Yarkadas$657.0K$2.7M101
2025Rodney O. Aulick$577.4K$2.3M101
2025Claudia S. Toussaint$566.3K$2.3M101
2024President and CEO$1.1M$10.6M101
2024EVP and CFO$725.0K$4.0M101
2024EVP and PresidentWI$606.3K$2.7M101
2023EVP and CFO$195.2K$4.6M101
2023President and CEO$647.9K$3.7M101
2023EVP and PresidentWI$596.9K$3.2M101

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.25,037,896$3.0B0.0%−615,921
Vanguard Capital Management LLC15,533,420$1.8B0.0%−283,508
Vanguard Portfolio Management LLC12,618,888$1.5B0.1%−152,341
State Street Corp11,444,669$1.4B0.0%+270,972
Geode Capital Management, LLC6,347,784$747.4M0.0%−61,719
Amundi5,105,298$603.6M0.1%−123,627
Invesco Ltd.5,102,044$603.1M0.0%+1,318,789
Bank of New York Mellon Corp4,672,304$552.3M0.1%+3,489,844
Royal Bank Of Canada4,605,175$544.4M0.1%−158,066
Impax Asset Management Group plc4,468,984$528.3M3.4%−116,564
Morgan Stanley4,312,757$509.8M0.0%+5,590
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC4,274,761$505.3M0.1%+440,210
Pictet Asset Management Holding SA4,039,771$477.5M0.5%−295,023
Swedbank AB3,960,515$468.2M0.4%−1,566,210
Northern Trust Corp3,295,215$389.5M0.0%−92,046
Hsbc Holdings PLC2,705,479$319.8M0.2%+234,222
Norges Bank2,544,452$300.8M0.0%New
Goldman Sachs Group Inc2,352,715$278.1M0.0%+410,066
Victory Capital Management Inc2,189,753$258.9M0.1%−516,719
Dimensional Fund Advisors LP2,123,834$251.0M0.0%+75,799
Franklin Resources Inc1,969,559$232.8M0.1%+227,427
Deutsche Bank Ag\1,887,867$223.2M0.1%+71,417
Bank Of America Corp /de/1,841,734$217.7M0.0%+111,992
Wells Fargo & Company/mn1,839,680$217.5M0.0%−143,248
Legal & General Group Plc1,728,792$204.4M0.0%−74,894

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 30, 2022Susie LeeDemocratic, HouseSale$1,001 - $15,000+97.3%Report
Oct 19, 2020Susie LeeDemocratic, HousePartial sale$1,001 - $15,000+111.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Xylem Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARXylem Inc.2
  • CIK0001524472
  • Employer ID (EIN)45-208049519
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inIndiana19
  • Fiscal year endsDecember 312
  • Industry code (SIC)3561 Pumps & Pumping Equipment2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address301 Water Street Se, Washington, DC 200032
  • Phone202-869-91502
  • Shares outstanding233,486,812 as of Jul 24, 202617
  • Public float$31.0B as of Jun 30, 202519
  • AuditorDeloitte & Touche LLP, Stamford, Connecticut PCAOB ID 34; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceJul 11, 20112
  • Filings1,311 in all: 4 (771), 8-K (146), 3 (60), 10-Q (45), SC 13G/A (43), 144 (30), 425 (22), CORRESP (19)2
    All 37 form types

    DEFA14A (18), UPLOAD (17), 10-K (15), 11-K (15), DEF 14A (15), SD (13), SC 13G (12), 424B5 (10), 4/A (6), 5 (6), 10-12B/A (5), 8-K/A (5), FWP (5), S-8 (5), S-3ASR (4), PRE 14A (3), 424B3 (2), ARS (2), CERTNYS (2), EFFECT (2), NO ACT (2), S-4 (2), S-4/A (2), SCHEDULE 13G (2), 10-12B (1), 10-Q/A (1), 25-NSE (1), 8-A12B (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Jul 28, 2026
    Proxy statement (DEF 14A) Mar 30, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareXYLNew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Xylem Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 23 risks under these headings, as written.19

  • Risks Related to Geopolitical, Macroeconomic and Industry Factors
  • Industry and economic conditions may adversely affect our markets and our customers’ operating conditions and demand.
  • Geopolitical, regulatory, economic, foreign exchange and other risks associated with our global sales, supply chain and operations may adversely affect our business.
  • Inflation, tariffs, customs duties, and other manufacturing and operating cost increases or fluctuations have adversely affected, and may continue to adversely affect, our cash flows and results of operations.
  • Risks Related to Our Business and Operations
  • We may be unable to compete successfully in our markets or develop and commercialize innovative and disruptive solutions and technologies.
  • Cybersecurity incidents, data breaches, or other disruptions, and software and system implementations involving our enterprise or operational information technology, connected products and services, or information technology on which we or our customers rely, could materially and adversely affect our business.
  • Lack of or delays in availability of products, parts, raw materials, transportation, or energy from our supply chain, or supplier failures to meet requirements, could adversely affect our business.
  • A material disruption to any of our facilities or operations, or those of third parties upon which we rely, may adversely affect our business and financial performance.
  • Water and wastewater treatment operations, including those related to emerging contaminants, as well as the generation, handling, storage, use, transport, treatment, release or disposal of hazardous materials may result in contamination, environmental, personal or other liabilities, or pose other significant risks that could result in significant costs and reputational harm.
  • We may be unable to successfully execute large projects or meet customer timelines, budget, performance, or safety requirements.
  • We may be unable to retain key leadership, engineering, technology, sales, service and other talent or attract new qualified talent with diverse backgrounds, experiences and perspectives.
The other 13 risks
  • Defects, unanticipated or improper use, or inadequate disclosures about our products could adversely affect our business, reputation and financial condition.
  • We may not achieve the expected benefits of our simplification, productivity, restructuring, or realignment plans, or such initiatives and plans may adversely affect our business.
  • Our strategy includes acquisitions and divestitures, which we may be unable to execute successfully.
  • A significant portion of our products and offerings in our Measurement and Control Solutions segment are affected by the availability, regulation of and interference with radio spectrum that we use.
  • Weather conditions, including the effects of changing climate patterns and related governmental or regulatory efforts to mitigate such effects, may cause volatility in our served markets and demand for our products.
  • Sustainability-related laws, regulations, targets and objectives, and stakeholder expectations expose us to numerous risks.
  • Risks Related to Financial and Tax
  • Our financial results may fluctuate from period to period and can be difficult to predict.
  • We may incur impairment charges for our goodwill and other indefinite-lived intangible assets.
  • Changes in our effective tax rates and tax expenses may adversely affect our financial results.
  • Risks Related to Legal and Regulatory
  • Failure to comply with business conduct laws, regulations and policies, including anti-corruption, anti-trust, trade, and data privacy and security, could have a material adverse impact on us.
  • Failure to comply with, and the cost of complying with, laws, regulations, policies and taxes applicable to our operations, products and services, including those involving the environment and health and safety, could have a material adverse impact on us.
  • We face risks related to legal and regulatory proceedings.
  • Infringement or expiration of our intellectual property rights, or allegations that we have infringed on the intellectual property rights of third parties could adversely affect us.

Legal proceedings

From time to time, we are involved in legal and regulatory proceedings that are incidental to the operation of our businesses (or the business operations of previously owned entities). These proceedings may seek remedies relating to matters including environmental, tax, intellectual property, acquisitions or divestitures, product liability, property damage, personal injury, privacy, employment, labor and pension, government investigations or contract issues and commercial or contractual disputes.

See Note 20, "Commitments and Contingencies," of the consolidated financial statements included in Item 8 of Part II of this 10-K for information regarding certain legal and regulatory proceedings we are involved in.

The opening of Item 3, Legal Proceedings.19

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