XYL · 10-K filed 25 Feb 2026 · year to 31 Dec 2025

Xylem

26 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Sole-source suppliers

depends onnamed as a risk

Certain key components are available only from sole- or single-source suppliers or a limited group of suppliers.Risk factors (Item 1A)

Also named by AVAV, AYI, BA, BDX, HII, IONQ, KMB, LHX and 6 more

Partners and platforms

Idrica

depends onnamed as a risk

We provide certain digitally enabled or internet-connected products, which may include the use of AI, such as pumps, controllers, meters, intelligent solutions, remote monitoring and condition assessment capabilities, and an interoperability platform via Idrica, our strategic joint venture.Risk factors (Item 1A)

Citibank, N.A. (2023 Credit Facility)

depends on

In 2023, we entered into a five-year revolving credit facility (the "2023 Credit Facility") with Citibank, N.A., as Administrative Agent, and a syndicate of lenders.Business (Item 1)

Also named by APG, DDS, LGND, M

Places

United States

earns from · 58% of our total revenuenamed as a risk

In 2025, 58% of our total revenue was from sales to U.S. customers and 42% was from sales to customers outside the U.S.Risk factors (Item 1A)

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

Emerging Markets

earns from · $1,221 million; 14%named as a risk

Emerging Markets (a) 1,221 14% 1,274 15% 1,182 16%Business (Item 1)

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

Western Europe

earns from · $1,839 million; 20%

Western Europe 1,839 20% 1,745 20% 1,655 22%Business (Item 1)

Also named by LECO, PSA, VLTO, WM

Taiwan

depends onnamed as a risk

Geopolitical changes in China-Taiwan relations could disrupt the operations of companies in Taiwan that are critical to the global supply chain for semiconductors (“chips”) and other electronic components, as well as the supply of lithium batteries, carbide seals, and rare earth elements.Risk factors (Item 1A)

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

China

depends onnamed as a risk

We also have significant direct and indirect suppliers in China, Taiwan, Mexico and Europe.Risk factors (Item 1A)

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

Mexico

depends onnamed as a risk

We rely on a large and complex network of suppliers (and their suppliers) and contract manufacturers globally, including in China and Mexico.Risk factors (Item 1A)

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

Hazards

PFAS

named as a risk

Emerging contaminants, such as PFAS, PFOA, selenium, microplastics, chemicals, or pathogens, pose additional risk.Risk factors (Item 1A)

Also named by ACHR, APG, CAG, CAVA, CTVA, DD, ES, FDX and 12 more

Flooding and drought

named as a risk

Heavy flooding and rain events may increase demand for our solutions that help manage water and stormwater overflows or remove and transfer excess or unwanted water.Risk factors (Item 1A)

Commodities and inputs

Steel

exposed to its pricenamed as a risk

Parts, components and raw materials commonly used in our products include motors, fabricated parts, castings, magnets, bearings, seals, batteries, printed circuit boards ("PCBs") and electronic components, including semiconductors, as well as commodities, including steel, brass, nickel, copper, aluminum, rare earth minerals and plastics.Business (Item 1)

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

Copper

exposed to its pricenamed as a risk

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Euro

exposed to its pricenamed as a risk

Our principal foreign currency transaction exposures primarily relate to the Euro, Swedish Krona, Canadian Dollar, Polish Zloty, British Pound and Australian Dollar.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Semiconductors

depends onnamed as a risk

If supply disruptions occur (including in rare earths, semiconductors, or other key inputs), or if our mitigation efforts are insufficient or unsuccessful, we may be delayed or unable to execute our backlog, fill new orders, or timely deliver products, which could materially and adversely affect our business, financial condition or results of operations.Risk factors (Item 1A)

Also named by AAPL, AIOT, ARW, AXON, CARR, CAT, CIEN, CSCO and 16 more

Rare earth minerals

depends onnamed as a risk

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

Swedish Krona

exposed to its pricenamed as a risk

Our principal foreign currency transaction exposures primarily relate to the Euro, Swedish Krona, Canadian Dollar, Polish Zloty, British Pound and Australian Dollar.Market risk (Item 7A)

Also named by DOV, FIS, FSK, NDAQ, STWD

Regulators

U.S. Environmental Protection Agency

subject to · $4 million

At December 31, 2025, we had estimated and accrued $4 million related to environmental matters.Business (Item 1)

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

Federal Communications Commission (FCC)

subject tonamed as a risk

The FCC may decline to renew our licenses, or materially change regulations affecting these licenses.Risk factors (Item 1A)

Also named by AIOT, AMT, ANET, ASTS, CCI, CMCSA, DIS, ECHO and 26 more

Swedish Tax Agency

subject tonamed as a risk

For example, following an examination regarding aspects of the 2013 reorganization of our European business, the Swedish tax authority issued a tax assessment to Xylem’s Swedish subsidiary in 2019, which we are appealing as further described in Note 7, “Income Taxes.”Risk factors (Item 1A)

Laws and programs

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk

Consequently, we are subject to data privacy and cybersecurity laws, including California’s Consumer Protection Act, the EU's Data Act, the EU’s AI Act and GDPR, and China’s PIPL.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

International Emergency Economic Powers Act (IEEPA) tariffs

subject tonamed as a risk

On August 29, 2025, the U.S. Court of Appeals for the Federal Circuit ruled that many of the tariffs imposed by the U.S. federal government under the International Emergency Economic Powers Act exceed presidential authority and therefore are invalid.Risk factors (Item 1A)

Also named by AAOI, ANET, ARW, COHR, CSW, DECK, FIVE, IBP and 8 more

Clean Water Act

subject tonamed as a risk

Our water and wastewater treatment offerings involve unique risks and require compliance with a variety of laws and regulations, including the Clean Water Act and the Safe Drinking Water Act.Risk factors (Item 1A)

Also named by CLH, CNX, CTAS, DC, ELS, EQT, HL, STLD and 2 more

Safe Drinking Water Act

subject tonamed as a risk

Also named by AWK, KGS, WTRG, WTS

U.S. tariffs on imports from China, Mexico, Canada and Europe

subject tonamed as a risk

The U.S. has enacted or threatened various trade actions, including tariffs on goods imported from China, Mexico, Canada, Europe and other countries, which has or may result in retaliatory measures.Risk factors (Item 1A)

Section 510(k) of the U.S. Food, Drug and Cosmetic Act

subject tonamed as a risk

For example, certain of our products supplied to the medical industry are subject to Section 510(k) of the U.S. Food, Drug and Cosmetic Act.Risk factors (Item 1A)