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Reynolds Consumer Products Inc

For the period ended Dec 31, 2023. Filed Feb 7, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 7, 2024

REYN$24.76+2.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

REYNOLDS CONSUMER PRODUCTS INC.

TABLE OF CONTENTS

Page
PART I
Item 1. Business4
Item 1A. Risk Factors10
Item 1B. Unresolved Staff Comments25
Item 1C. Cybersecurity25
Item 2. Properties25
Item 3. Legal Proceedings26
Item 4. Mine Safety Disclosures26
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities27
Item 6. [Reserved]29
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 7A. Quantitative and Qualitative Disclosures about Market Risk43
Item 8. Financial Statements and Supplementary Data44
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure73
Item 9A. Controls and Procedures73
Item 9B. Other Information73
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections73
PART III
Item 10. Directors, Executive Officers and Corporate Governance74
Item 11. Executive Compensation74
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters74
Item 13. Certain Relationships and Related Transactions, and Director Independence74
Item 14. Principal Accountant Fees and Services74
PART IV
Item 15. Exhibits and Financial Statement Schedules75
Index to Exhibits76
Signatures79

FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “intends,” “outlook,” “forecast”, “position”, “committed,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “model”, “assumes,” “confident,” “look forward,” “potential” “on track”, or “continue,” or the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those risks and uncertainties discussed in Item 1A. “Risk Factors.” You should specifically consider the numerous risks outlined in the “Risk Factors” section. These risks and uncertainties include factors related to:

changes in consumer preferences, lifestyle, economic circumstances and environmental concerns;

relationships with our major customers, consolidation of our customer bases and loss of a significant customer;

competition and pricing pressures;

loss of, or disruption at, any of our key manufacturing facilities;

our suppliers of raw materials and any interruption in our supply of raw materials;

loss due to an accident, labor issues, weather conditions, natural disaster, or a disease outbreak, including epidemics, pandemics or similar widespread public health concerns;

costs of raw materials, energy, labor and freight, including the impact of tariffs, trade sanctions and similar matters affecting our importation of certain raw materials;

labor shortages and increased labor costs;

our ability to develop and maintain brands that are critical to our success;

economic downturns in our target markets;

our ability to acquire businesses;

impacts from inflationary trends;

difficulty meeting our sales growth objectives and innovation goals; and

changes in market interest rates and the availability of capital.

Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We are under no duty to update any of these forward-looking statements after the date of this Annual Report on Form 10-K to conform our prior statements to actual results or revised expectations.

Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found elsewhere in this Annual Report on Form 10-K, under Part I, Item 1A. “Risk Factors.”

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.