DOCSLIB.ORG

Building Better Together 2020 Corporate Citizenship Report 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Building Better Together 2020 Corporate Citizenship Report 2 Building Better Together 2020 Corporate Citizenship Report 2 Contents Moving onwards and upwards ........................................3 Reducing our environmental impact .............................31 Letter from our President & CEO ........................................................... 4 Carbon emissions and energy use .....................................................33 2020 highlights ......................................................................................... 6 Our sustainability goals.........................................................................35 A culture of sustainability .....................................................................39 Embarking on a new era ..................................................7 Innovation, sustainable design and circularity .................................40 Our company and brands ....................................................................... 9 Product safety .........................................................................................44 Our values ................................................................................................11 Corporate citizenship philosophies ....................................................12 Sourcing responsibly and ethically ...............................46 Corporate governance ...........................................................................13 Standards of integrity ............................................................................48 Ethics and compliance ..........................................................................15 Audits ........................................................................................................49 Supplier trainings and our zero-tolerance policy .............................50 Fostering a diverse and inclusive culture ......................17 Responsible sourcing and social compliance .................................51 Our diversity, inclusion and belonging goals ....................................19 Our progess ............................................................................................20 Engaging with our communities ....................................52 Employee engagement .........................................................................21 The Newell Brands Charitable Foundation ......................................54 Corporate donations and employee volunteerism ..........................56 Supporting our people .................................................23 Corporate citizenship and civic participation ..................................57 Employee health and well-being during the COVID-19 pandemic ...........................................................25 Appendix .....................................................................59 Talent and culture...................................................................................27 Forward-looking information ..............................................................60 Safety in the workplace .........................................................................29 GRI disclosures .......................................................................................61 Wellness ...................................................................................................30 SASB index ..............................................................................................73 About this report As a global consumer products company with brands loved by millions around the world, Newell Brands (NASDAQ: NWL) is well-positioned to make a positive impact through the passion and talent of our people, products, operations and partnerships. Our second annual Corporate Citizenship Report (formerly the Corporate Social Responsibility Report) outlines our philosophy, goals, initiatives and progress across areas of critical importance to our company, our communities and our stakeholders. We take seriously our responsibility to serve as a force for good in the world and while we know there is much work yet to be done, we are proud of the progress we’ve made in this important endeavor. Pictured: Sharpie markers NEWELL BRANDS 2020 Corporate Citizenship Report 3 Moving onwards and upwards Toward a more sustainable future NEWELL BRANDS 2020 Corporate Citizenship Report Pictured: FoodSaver vacuum sealer 4 Letter from our President In 2020, we made progress against our 2025 sustainability goals: % & CEO 90 GOAL 83% Waste to landfill progress When we released our 2019 It was within this context that I was reduction report, we were only just humbled to see the very best of our beginning to grapple with what people at Newell. Rather than shy away % has become a multiyear global from the challenges facing us, our 30 11% pandemic that has disrupted people came together and united as GHG emissions GOAL progress our lives at work, at home and One Newell Brands. They supported usage reduction in our communities in ways we and promoted each other’s safety and would not have dared to imagine. well-being, delivered against enormous % % It is in times like these that we odds to drive our turnaround, gave 25 GOAL 8 are reminded of one another’s back to communities in need, served Energy usage progress humanity, and we are called to as stewards of the environment reduction support each other. While there and worked to ensure our planet- appears to be light at the end of friendly, attractive and innovative % GOAL 99% the tunnel, and we keep our gaze products would continue creating 90 progress cast toward those brighter days moments of joy and peace of Of transporters ahead, we cannot overstate the mind for consumers around the SmartWay certified profound ways in which COVID-19 globe. Our people engaged in altered our business and our lives important conversations, worked We also worked diligently to address hard-to- in 2020. to advance our commitment to recycle materials and responsible sourcing to diversity, inclusion and belonging, progress toward our 2025 packaging goals: As the global community unified and embraced the belief that to slow the menace of COVID-19, diverse people, voices and the unwelcome but familiar forces ideas drive a dynamic Ensure of natural disasters exacerbated company culture, by climate change and the greater business 100% manmade scourge of bigotry innovation and of our direct sourced Eliminate the use of and racial injustice made clear more highly paper-based product Polyvinyl Chloride our urgent need to do more—to engaged packaging is supplied (PVC) and Expanded demand better of ourselves and employees. by certified, verified Polystyrene (EPS) in our institutions, to act decisively or recycled sources all product packaging to save the ground beneath our feet and to ensure that the We are increasing our focus on product and absolute rights and dignity of packaging circularity and exploring longer- all people are recognized and term solutions that will help us address our respected without question. areas of environmental impact. NEWELL BRANDS 2020 Corporate Citizenship Report 5 In my Embracing Our Humanity letter, In this year’s report you will see This report tells the story of the I expressed my deep desire for unity, how our Newell family—from progress we have made in the inclusivity and allyship, and we left our Board of Directors and areas we recognize as imperatives 2020 with a call to action to strengthen Executive Leadership Team to to our success and inherent to our commitments to diversity, inclusion our employees in offices and, our role as a responsible global and belonging (DI&B). It is in that spirit most of all, the frontline heroes corporate citizen. In our 2020 that we established the following goals: in our manufacturing facilities, highlights you will see some of distribution centers, research and our key achievements, and on the · We will strive to have a Leadership development labs and retail stores following pages you will see stories Team of at least 30 percent women. met the moment with courage, about how we are pushing forward · Our Business Unit CEOs and perseverance and open hearts. We our corporate citizenship ambitions center-led Functional Heads will recognized the role our products and driving shareholder value work toward representation within play in our consumers’ daily lives through our people, our operations their direct reports (inclusive and their importance during and our products. While we remain of themselves) of at least 30 uncertain times. Our frontline in the early stages of this journey, percent women, with a longer-term, employees worked tirelessly to I’m proud of our accomplishments aspirational goal to be 40-50 percent ensure we could meet customer and delighted to share these pages women, and at least one leader of and consumer demand for essential with you. color or openly LGBTQ+ leader. products such as food preservation, food storage containers, cookware, I thank you for your continued We commit to a policy that slates for · baby gear and cleaning and support of our brands and roles at the Director level and higher, sanitation supplies. As such, we I welcome you to hold us that we post externally, will be prioritized the health and well- accountable to delivering on diverse in terms of gender, race and being of our frontline employees our commitments and the high sexual orientation. We will continue by heightening safety measures, standards we expect of ourselves. to research and analyze what it will including exposure protocols, take to turn diverse
Load more

Recommended publications
  • Newell Brands Inc. 2018 Annual Report
    Newell Brands Inc. 2018 Annual Report: Annual Report on Form 10-K and Selected Shareholder Information Unless the context indicates otherwise, the terms “Newell Brands,” “Company,” “we” and “our” in this 2018 Annual Report refer to Newell Brands and its subsidiaries. References to a particular year mean the Company’s year commencing on January 1 and ending on December 31 of that year. Table of Contents ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 EXECUTIVE OFFICERS 16 PERFORMANCE GRAPH 17 BOARD OF DIRECTORS 84 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER DECEMBER 31, 2018 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 36-3514169 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 221 River Street Hoboken, New Jersey 07030 (Address of principal executive offices) (Zip Code) 5HJLVWUDQW¶VWHOHSKRQHQXPEHULQFOXGLQJDUHDFRGH -6600 Securities registered pursuant to Section 12(b) of the Act: TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED Common Stock, $1 par value per share Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ց No տ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.
    [Show full text]
  • 2020 Corporate Citizenship Report 2
    Building Better Together 2020 Corporate Citizenship Report 2 Contents Moving onwards and upwards ....................................... 3 Reducing our environmental impact ............................. 31 Letter from our President & CEO ........................................................... 4 Carbon emissions and energy use ......................................................33 2020 highlights ......................................................................................... 6 Our sustainability goals .........................................................................35 A culture of sustainability .....................................................................39 Embarking on a new era ..................................................7 Innovation, sustainable design and circularity ..................................40 Our company and brands ....................................................................... 9 Product safety .........................................................................................44 Our values ................................................................................................11 Corporate citizenship philosophies .....................................................12 Sourcing responsibly and ethically ............................... 46 Corporate governance ...........................................................................13 Standards of integrity ............................................................................48 Ethics and compliance ..........................................................................15
    [Show full text]
  • Celebrating 99 Years
    CELEBRATING 99 YEARS of customer excellence and over $3 billion in annual revenue At D&H, our business model is rooted in the tradition of taking a hands-on role in helping you achieve your goals THE SERVICE & SELECTION YOU NEED • 5 fully-optimized distribution centers • Flexible order submission via EDI, AS2, • dandh.com comprehensive web site with delivering 98.6% of the BPI in 1-2 days XML with total transaction security enhanced searching, ordering, tracking ground (4-Domestic, 1-Canada) • Deep stocking inventory and wide • D&H Mobile App for iPad® and iPhone® • Relationships with all carriers product selection • Extremely fast, always accurate delivery • Direct-to-end-user shipments with fully • Dedicated inventory analysis • One-on-one personal attention customizable shipping and packaging options • Priority allocations • Flexible credit options • All backed by dedicated inside & field sales teams to focus on your business needs • 99 years of distribution experience being a trusted advisor to the channel • We make your business our priority Toronto, Ontario Chicago, IL Harrisburg, PA Fresno, CA Atlanta, GA Home Environment | Floor Care | Outdoor Living & Cooking | Lighting | Weather Monitoring | Clocks, Clock Radios & Watches | Cookware & Bakeware Cutlery & Flatware | Gadgets & Tools | Indoor Living | Small Appliances | Personal Care | Pet Care | Toys | Home Improvement Contact: Bob Careless, Home & Outdoor Sales Manager I 717-255-7854 I [email protected] www.dandh.com/home HOLC0517 D&H Home & Outdoor Selection Exclusively at
    [Show full text]
  • Newell Brands Inc. (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER DECEMBER 31, 2017 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 36-3514169 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 221 River Street Hoboken, New Jersey 07030 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (201) 610-6600 Securities registered pursuant to Section 12(b) of the Act: TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED Common Stock, $1 par value per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
    [Show full text]
  • News Release
    News Release Newell Brands Announces Strong First Quarter Results Net Sales Growth 148.4 Percent; Core Sales Growth 2.5 Percent Reported EPS $1.31; Normalized EPS $0.34 Raised 2017 Normalized EPS Guidance Range Increased Dividend 21 Percent HOBOKEN, NJ – May 8, 2017 – Newell Brands Inc. (NYSE: NWL) announced its first quarter 2017 financial results today. First Quarter 2017 Executive Summary - Net sales growth of 148.4 percent to $3.3 billion; core sales growth of 2.5 percent. - Reported diluted earnings per share of $1.31 compared with $0.15 in the prior year, benefiting from a $784 million gain on the sale of the Tools business, core sales growth, cost synergies related to the Jarden acquisition, Project Renewal savings and contributions from acquisitions. These benefits more than offset increased investment in brand development, insights and e-commerce, negative foreign currency impacts, an increase in amortization of intangibles, higher interest expense and higher share count associated with the Jarden transaction. - Normalized diluted earnings per share of $0.34 compared with $0.40 in the prior year, as the benefits of increased sales and operating profitability were more than offset by higher interest expense and higher share count associated with the Jarden transaction. Normalized earnings per share exclude certain items described later in this release. - Reported operating margin of 4.8 percent, compared with 9.5 percent in the prior year, driven by the mix impact of the acquired Jarden business, including an increase in amortization of intangibles, and costs associated with the delivery of savings, partially offset by Project Renewal savings and cost synergies associated with the Jarden transaction.
    [Show full text]
  • Committed to Making the World a Better Place
    Committed to making the world a better place. 2019 Corporate Social Responsibility Report INTRODUCTION ABOUT NEWELL BRANDS OUR SUSTAINABLE OPERATIONS OUR PRODUCTS OUR GOVERNANCE OUR PEOPLE ABOUT THIS REPORT / 2 • Table of Contents Introduction 3 Our Governance 27 CEO Message 3 Corporate Governance 28 Ethics & Compliance 29 About Newell Brands 5 About Newell Brands 5 Our People 30 Our Brands 6 Talent Development 31 Wellness & Safety 32 Our Sustainable Operations 7 Diversity & Inclusion 35 Community 38 Sustainability Philosophy 8 Climate, Energy & Emissions 9 Waste 13 About This Report 41 Water & Land 14 About Our Reporting 42 Stakeholder Engagement 43 Our Products 15 Innovation & Sustainability 16 Responsible Sourcing 23 INTRODUCTION ABOUT NEWELL BRANDS OUR SUSTAINABLE OPERATIONS OUR PRODUCTS OUR GOVERNANCE OUR PEOPLE ABOUT THIS REPORT / 3 The environmental stewardship does not stop there. Our In additional to our sustainability initiatives, we have a range of Talent CEO Message employees continuously evaluate the scale and materials Development, Diversity & Inclusion, and Wellness & Safety programs necessary to produce great products and manage our energy I am pleased to present Newell Brands’ first Corporate designed to create an inclusive and engaged workforce. We strive to usage. We have prioritized lowering the amount of waste support a diverse and inclusive working environment that gives our people Social Responsibility Report, which includes highlights that we send to landfills. Our sites have programs in place to the opportunity to develop and succeed. Giving back to the communities from 2019 and our continuous journey to achieve a more reuse first, recycle second, and then only if necessary, send to a where we live and work is important to us as a company and to our planet friendly world.
    [Show full text]
  • Sistema Plastics Commits to Reducing Its Carbon Footprint
    Sistema Plastics Commits to Reducing Its Carbon Footprint June 6, 2019 Sistema Plastics Ltd has committed to reducing its carbon emissions by achieving Certified Emissions Measurement And Reduction Scheme (CEMARS®) certification. CEMARS certification is a recognised greenhouse gas (GHG) emissions measurement and reduction scheme administered by Enviro-Mark Solutions (a subsidiary of Manaaki Whenua - Landcare Research). It is the first of a two-step process towards achieving carboNZeroCert™ certification in New Zealand. As one of the largest manufacturing facilities in New Zealand, Sistema recognises it has a responsibility to ensure it is producing its products in the most sustainable way possible, from the design process through to manufacturing and distribution. Drew Muirhead, Chief Executive Officer at Sistema Plastics Ltd, says it will be proactively working with suppliers, distributors and customers to achieve its goals, but also with a large focus on sustainable, innovative new products. “We are taking the impacts of climate change seriously and are committed to adapting the business to reduce our carbon emissions. We’d love to encourage other main players in the manufacturing industry to do the same,” he says. Sistema has developed a GHG emissions management plan and reduction targets that will be achieved through initiatives intended to manage and reduce freight, electricity and travel emissions. Exporting to more than 80 countries around the world, Sistema’s biggest challenge is developing smarter solutions to reduce emissions from road, rail and sea freight. Muirhead says it has set reduction targets and identified a number of specific projects to ensure it meets them. “We’ve set a goal of reducing freight and shipping emissions by 15%, electricity emissions by 40% and we are aiming to offset all emissions from long haul travel by 80%, by 2021.
    [Show full text]
  • Newell Brands Inc. 2016 Annual Report
    Newell Brands Inc. 2016 Annual Report: Annual Report on Form 10-K and Selected Shareholder Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER DECEMBER 31, 2016 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 36-3514169 6WDWHRURWKHUMXULVGLFWLRQRILQFRUSRUDWLRQRURUJDQL]DWLRQ ,56(PSOR\HU,GHQWLÀFDWLRQ1R 221 River Street 07030 Hoboken, New Jersey (Zip Code) $GGUHVVRISULQFLSDOH[HFXWLYHRIÀFHV Registrant’s telephone number, including area code: (201) 610-6600 Securities registered pursuant to Section 12(b) of the Act: TITLE OF EACH CLASS NAME OF EACH EXCHANGE Common Stock, $1 par value per share ON WHICH REGISTERED New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ,QGLFDWHE\FKHFNPDUNLIWKHUHJLVWUDQWLVDZHOONQRZQVHDVRQHGLVVXHUDVGHÀQHGLQ5XOHRIWKH6HFXULWLHV$FW<HV; No ,QGLFDWHE\FKHFNPDUNLIWKHUHJLVWUDQWLVQRWUHTXLUHGWRÀOHUHSRUWVSXUVXDQWWR6HFWLRQRU G RIWKH$FW<HV No ; ,QGLFDWHE\FKHFNPDUNZKHWKHUWKH5HJLVWUDQW KDVÀOHGDOOUHSRUWVUHTXLUHGWREHÀOHGE\6HFWLRQRU G RIWKH6HFXULWLHV([FKDQJH $FWRIGXULQJWKHSUHFHGLQJPRQWKV RUIRUVXFKVKRUWHUSHULRGWKDWWKH5HJLVWUDQWZDVUHTXLUHGWRÀOHVXFKUHSRUWV DQG KDVEHHQ VXEMHFWWRVXFKÀOLQJUHTXLUHPHQWVIRUWKHSDVWGD\V<HV; No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be
    [Show full text]
  • Newell Brands Inc. 2016 Annual Report: Annual Report on Form 10-K and Selected Shareholder Information
    Newell Brands Inc. 2016 Annual Report: Annual Report on Form 10-K and Selected Shareholder Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER DECEMBER 31, 2016 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 221 River Street 07030 Hoboken, New Jersey (Zip Code) (Address of principal executive offices) Registrant’s telephone number, including area code: (201) 610-6600 Securities registered pursuant to Section 12(b) of the Act: TITLE OF EACH CLASS NAME OF EACH EXCHANGE Common Stock, $1 par value per share ON WHICH REGISTERED New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-K ___________________ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER December 31, 2020 1-9608 ___________________ NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ___________________ Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, 30328 Atlanta, Georgia (Zip Code) (Address of principal executive offices) Registrant’s telephone number, including area code: (770) 418-7000 Securities registered pursuant to Section 12(b) of the Act: NAME OF EACH EXCHANGE ON WHICH TITLE OF EACH CLASS TRADING SYMBOL REGISTERED Common Stock, $1 par value per share NWL Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None ___________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
    [Show full text]
  • JP Morgan Goldman Sachs & Co. LLC Credit Suisse Barclays Bofa
    Form 424(b)(5) 424B5http://www.oblible.com 1 d923693d424b5.htm FORM 424(B)(5) Table of Contents CALCULATION OF REGISTRATION FEE Proposed Proposed Amount Maximum Maximum Title of Each Class of to be Offering Price Aggregate Amount of Securities to be Registered Registered per Unit Offering Price Registration Fee(1) 4.875% Senior Notes due 2025 $500,000,000 99.500% $497,500,000 $64,576 (1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. Table of Contents Filed Pursuant to Rule 424(b)(5) Registration No. 333-238122 Prospectus Supplement (To Prospectus Dated May 8, 2020) $500,000,000 $500,000,000 4.875% Notes due 2025 The notes will mature on June 1, 2025. Interest on the notes will be payable semi-annually in arrears on June 1 and December 1 of each year, commencing December 1, 2020. We may redeem the notes in whole or in part at any time at the redemption prices described in this prospectus supplement. We intend to use the net proceeds of the offering of the notes for general corporate purposes, which may include the repayment of outstanding borrowings. See “Use of Proceeds.” We may redeem the notes in whole or in part at our option and from time to time at the applicable redemption prices described under “Description of the Notes—Optional Redemption.” If a change of control triggering event as described herein occurs with respect to the notes, the holders of the notes may require us to purchase all or a portion of such holder’s notes at a price equal to 101% of the principal amount, plus accrued interest, if any.
    [Show full text]