Enviri Corp 10-Q, filed Aug 5, 2022

Enviri Corp (NVRI)

10-Q 2022-08-05 For: 2022-06-30

Added on June 09, 2026

About this 10-Q

Enviri Corp filed this 10-Q on August 5, 2022, covering the quarter ended June 30, 2022.

Headline figures

Quarter ended June 30, 2022, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $481.05M; up 2.6% from $468.67M a year earlier
Net loss: $105.59M; compared with net income of $13.39M a year earlier
Diluted EPS: -$1.33; compared with $0.17 a year earlier

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Class						Outstanding at July 29, 2022
Common stock, par value $1.25 per share						79,431,694


		Page
PART I — FINANCIAL INFORMATION

Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets (Unaudited)	4
	Condensed Consolidated Statements of Operations (Unaudited)	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows (Unaudited)	7
	Condensed Consolidated Statements of Equity (Unaudited)	8
	Notes to Condensed Consolidated Financial Statements (Unaudited)	10

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	39

Item 4.	Controls and Procedures	39


PART II — OTHER INFORMATION

Item 1.	Legal Proceedings	40

Item 1A.	Risk Factors	40

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	40









Item 6.	Exhibits	41


SIGNATURES		42


Term						Description
AOCI						Accumulated Other Comprehensive Income (Loss)

CERCLA						Comprehensive Environmental Response, Compensation, and Liability Act of 1980
COVID-19						The COVID-19 coronavirus pandemic
Credit Agreement						Credit Agreement governing the Senior Secured Credit Facilities
DEA						United States Drug Enforcement Agency
Deutsche Bahn						National railway company in Germany
DTSC						California Department of Toxic Substances Control
EBITDA						Earnings before interest, tax, depreciation and amortization
ESOL						Stericycle Environmental Solutions business
FASB						Financial Accounting Standards Board
IBORs						Interbank offered rates
ICMS						Type of value-added tax in Brazil
IKG						The former Harsco Industrial IKG business
ISDA						International Swaps and Derivatives Association
LIBOR						London Interbank Offered Rates
Network Rail						Infrastructure manager for most of the railway in the U.K.
New Term Loan						$500 million term loan raised in March 2021 under the Senior Secured Credit Facilities, maturing on March 10, 2028
OCI						Other Comprehensive Income (Loss)

PA DEP						Pennsylvania Department of Environmental Protection
Revolving Credit Facility						Multi-year revolving credit facility under the Senior Secured Credit Facility, with a facility limit of $700 million
ROU						Right of use
SBB						Federal railway system of Switzerland
SCE						Supreme Council for Environment in Bahrain
SEC						Securities and Exchange Commission
Senior Notes						5.75% Notes due July 31, 2027
Senior Secured Credit Facilities						Primary source of borrowings comprised of the Revolving Credit Facility and the New Term Loan
SPRA						State Revenue Authorities from the State of São Paulo, Brazil


TSDF						Treatment, storage, and disposal facility permits issued under the Resource Conservation and Recovery Act
U.S. GAAP						Accounting principles generally accepted in the U.S.


(In thousands)	June 30 2022		December 31 2021
ASSETS
Current assets:
Cash and cash equivalents	$	96,782	$	82,908
Restricted cash	4,025		4,220
Trade accounts receivable, net	267,747		377,881

Other receivables	28,174		33,059
Inventories	80,999		70,493

Prepaid expenses	21,906		31,065
Current portion of assets held-for-sale	263,913		265,413
Other current assets	26,508		9,934
Total current assets	790,054		874,973

Property, plant and equipment, net	637,480		653,913
Right-of-use assets, net	104,212		101,576
Goodwill	759,439		883,109
Intangible assets, net	382,741		402,801


Deferred income tax assets	16,551		17,883
Assets held-for-sale	65,079		71,234
Other assets	43,403		48,419
Total assets	$	2,798,959	$	3,053,908
LIABILITIES
Current liabilities:
Short-term borrowings	$	2,196	$	7,748
Current maturities of long-term debt	17,952		10,226
Accounts payable	213,037		186,126

Accrued compensation	40,744		48,165






Current portion of operating lease liabilities	26,073		25,590
Current portion of liabilities of assets held-for-sale	151,369		161,999
Other current liabilities	147,022		161,537
Total current liabilities	598,393		601,391
Long-term debt	1,302,857		1,359,446


Retirement plan liabilities	60,424		93,693



Operating lease liabilities	77,104		74,571
Liabilities of assets held-for-sale	7,827		8,492
Environmental liabilities	26,669		28,435
Deferred tax liabilities	27,372		33,826
Other liabilities	46,610		48,284
Total liabilities	2,147,256		2,248,138
COMMITMENTS AND CONTINGENCIES
HARSCO CORPORATION STOCKHOLDERS’ EQUITY

Common stock	145,319		144,883
Additional paid-in capital	221,117		215,528
Accumulated other comprehensive loss	(573,872)		(560,139)
Retained earnings	1,649,080		1,794,510
Treasury stock	(848,320)		(846,622)
Total Harsco Corporation stockholders’ equity	593,324		748,160
Noncontrolling interests	58,379		57,610
Total equity	651,703		805,770
Total liabilities and equity	$	2,798,959	$	3,053,908


	Three Months Ended				Six Months Ended
	June 30				June 30
(In thousands, except per share amounts)	2022		2021		2022			2021
Revenues from continuing operations:
Service revenues	$	439,618	$	429,651	$	858,053		$	843,990
Product revenues	41,434		39,023		75,796			71,949
Total revenues	481,052		468,674		933,849			915,939
Costs and expenses from continuing operations:
Cost of services sold	368,994		344,982		715,351			674,835
Cost of products sold	34,205		30,466		64,867			57,980
Selling, general and administrative expenses	67,935		70,805		137,088			142,419
Research and development expenses	296		323		352			480
Goodwill impairment charge	104,580		—		104,580			—
Other (income) expenses, net	2,045		(4,167)		866			(5,158)
Total costs and expenses	578,055		442,409		1,023,104			870,556
Operating income (loss) from continuing operations	(97,003)		26,265		(89,255)			45,383
Interest income	693		577		1,337			1,124
Interest expense	(16,692)		(15,643)		(31,784)			(31,899)
Facility fees and debt-related income (expense)	2,149		(50)		1,617			(5,308)

Defined benefit pension income	2,247		3,956		4,657			7,890
Income (loss) from continuing operations before income taxes and equity income	(108,606)		15,105		(113,428)			17,190
Income tax benefit (expense) from continuing operations	3,115		(4,797)		1,894			(6,898)
Equity income (loss) of unconsolidated entities, net	(114)		(76)		(245)			(195)
Income (loss) from continuing operations	(105,605)		10,232		(111,779)			10,097
Discontinued operations:

Income (loss) from discontinued businesses	1,879		8,239		(37,218)			11,603
Income tax benefit (expense) from discontinued businesses	(770)		(3,391)		5,821			(5,055)
Income (loss) from discontinued operations, net of tax	1,109		4,848		(31,397)			6,548
Net income (loss)	(104,496)		15,080		(143,176)			16,645
Less: Net (income) loss attributable to noncontrolling interests	(1,095)		(1,692)		(2,254)			(3,122)
Net income (loss) attributable to Harsco Corporation	$	(105,591)	$	13,388	$	(145,430)		$	13,523
Amounts attributable to Harsco Corporation common stockholders:
Income (loss) from continuing operations, net of tax	$	(106,700)	$	8,540	$	(114,033)		$	6,975
Income (loss) from discontinued operations, net of tax	1,109		4,848		(31,397)			6,548
Net income (loss) attributable to Harsco Corporation common stockholders	$	(105,591)	$	13,388	$	(145,430)		$	13,523
Weighted-average shares of common stock outstanding	79,509		79,265		79,437			79,177
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:
Continuing operations	$	(1.34)	$	0.11	$	(1.44)		$	0.09
Discontinued operations	0.01		0.06		(0.40)			0.08
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders	$	(1.33)	$	0.17	$	(1.83)	(a)	$	0.17
Diluted weighted-average shares of common stock outstanding	79,509		80,774		79,437			80,397
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:
Continuing operations	$	(1.34)	$	0.11	$	(1.44)		$	0.09
Discontinued operations	0.01		0.06		(0.40)			0.08
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders	$	(1.33)	$	0.17	$	(1.83)	(a)	$	0.17


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


	Six Months Ended June 30
(In thousands)	2022		2021
Cash flows from operating activities:
Net income (loss)	$	(143,176)	$	16,645
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	66,067		64,904
Amortization	17,067		17,783
Deferred income tax (benefit) expense	(10,396)		(6,407)
Equity (income) loss of unconsolidated entities, net	245		195
Dividends from unconsolidated entities	526		—


(Gain) loss on early extinguishment of debt	(2,254)		2,668
Goodwill impairment charge	104,580		—
Other, net	1,020		(2,149)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable	87,607		(23,484)
Income tax refunds receivable, reimbursable to seller	7,687		—
Inventories	(8,435)		15,456
Contract assets	7,836		(37,866)
Right-of-use assets	14,383		13,897
Accounts payable	18,847		(13,491)
Accrued interest payable	(740)		(137)
Accrued compensation	(5,884)		4,701
Advances on contracts	(13,626)		(13,351)


Operating lease liabilities	(14,095)		(13,506)
Retirement plan liabilities, net	(21,587)		(27,858)

Other assets and liabilities	12,067		15,530
Net cash provided by operating activities	117,739		13,530
Cash flows from investing activities:
Purchases of property, plant and equipment	(61,791)		(68,646)


Proceeds from sales of assets	6,591		10,042
Expenditures for intangible assets	(100)		(132)
Proceeds from notes receivable	8,605		6,400
Net proceeds (payments) from settlement of foreign currency forward exchange contracts	4,999		(978)
Payments for settlements of interest rate swaps	(2,123)		—
Other investing activities, net	153		133
Net cash used by investing activities	(43,666)		(53,181)
Cash flows from financing activities:
Short-term borrowings, net	(31)		4,444
Current maturities and long-term debt:
Additions	104,961		465,518
Reductions	(152,861)		(413,481)

Dividends paid to noncontrolling interests	—		(3,094)


Sale of noncontrolling interests	1,901		—

Stock-based compensation - Employee taxes paid	(1,698)		(3,172)
Payment of contingent consideration	(6,915)		—


Deferred financing costs	—		(7,828)
Other financing activities, net	—		(601)
Net cash (used) provided by financing activities	(54,643)		41,786
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	(5,751)		483
Net increase in cash and cash equivalents, including restricted cash	13,679		2,618
Cash and cash equivalents, including restricted cash, at beginning of period	87,128		79,669
Cash and cash equivalents, including restricted cash, at end of period	$	100,807	$	82,287

Supplementary cash flow information:
Change in accrual for purchases of property, plant and equipment included in accounts payable	$	6,836	$	2,158


	Harsco Corporation Stockholders’ Equity
(In thousands, except share amounts)	Common Stock				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests
	Issued		Treasury										Total
Balances, December 31, 2021	$	144,883	$	(846,622)	$	215,528	$	1,794,510	$	(560,139)	$	57,610	$	805,770

Net income							(39,839)				1,159		(38,680)




Total other comprehensive income (loss), net of deferred income taxes of $(2,520)									12,490		(482)		12,008










Vesting of restricted stock units and other stock grants, net 176,253 shares	378		(1,632)		(378)								(1,632)


Amortization of unearned portion of stock-based compensation, net of forfeitures					3,629								3,629
Balances, March 31, 2022	145,261		(848,254)		218,779		1,754,671		(547,649)		58,287		781,095
Net income							(105,591)				1,095		(104,496)




Total other comprehensive income, net of deferred income taxes of $(5,225)									(26,223)		(2,903)		(29,126)


Contributions from noncontrolling interests											1,900		1,900






Stock appreciation rights exercised, net 16,671 shares	29		(66)		(29)								(66)
Vesting of restricted stock units and other stock grants, net 23,224 shares	29				(29)								—


Amortization of unearned portion of stock-based compensation, net of forfeitures					2,396								2,396
Balances, June 30, 2022	$	145,319	$	(848,320)	$	221,117	$	1,649,080	$	(573,872)	$	58,379	$	651,703


	June 30 2022		December 31 2021
Trade accounts receivable (a)	$	275,946	$	389,535
Less: Allowance for expected credit losses (a)	(8,199)		(11,654)

Trade accounts receivable, net	$	267,747	$	377,881

Other receivables (b)	$	28,174	$	33,059


(In thousands)	Harsco Environmental Segment		Harsco Clean Earth Segment		Consolidated Totals
Balance at December 31, 2021	$	399,230	$	483,879	$	883,109

Goodwill impairment	—		(104,580)		(104,580)
Foreign currency translation	(19,090)		—		(19,090)
Balance at June 30, 2022	$	380,140	$	379,299	$	759,439



	Three Months Ended
	June 30
Defined Benefit Pension Plan Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2022		2021		2022		2021
Service costs	$	—	$	—	$	417	$	467
Interest costs	1,429		1,203		4,128		3,205
Expected return on plan assets	(2,698)		(3,050)		(9,720)		(11,392)
Recognized prior service costs	—		—		113		128
Recognized actuarial losses	1,183		1,385		3,313		4,586

Defined benefit pension plan net periodic pension cost (benefit)	$	(86)	$	(462)	$	(1,749)	$	(3,006)



	Six Months Ended
	June 30
Defined Benefit Pension Plans Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2022		2021		2022		2021
Service costs	$	—	$	—	$	849	$	929
Interest costs	2,858		2,406		8,522		6,382
Expected return on plan assets	(5,397)		(6,100)		(20,104)		(22,723)
Recognized prior service costs	—		—		233		255
Recognized actuarial losses	2,366		2,770		6,857		9,149


Defined benefit pension plans net periodic pension cost (benefit)	$	(173)	$	(924)	$	(3,643)	$	(6,008)


	Three Months Ended				Six Months Ended
Company Contributions	June 30				June 30
(In thousands)	2022		2021		2022		2021
Defined benefit pension plans (U.S.)	$	441	$	451	$	887	$	3,317
Defined benefit pension plans (International)	4,230		4,301		15,587		16,923
Multiemployer pension plans	478		421		935		861
Defined contribution pension plans	3,135		3,051		6,929		6,430


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
June 30, 2022
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	1,710	$	16,075	$	17,785


Total		$	1,710	$	16,075	$	17,785

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	465	$	502	$	967
Interest rate swaps	Other current liabilities	423		—		423

Total		$	888	$	502	$	1,390
December 31, 2021
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	719	$	1,405	$	2,124




Total		$	719	$	1,405	$	2,124
Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	560	$	2,905	$	3,465
Interest rate swaps	Other current liabilities	4,157		—		4,157

Total		$	4,717	$	2,905	$	7,622


FORM			10-Q


(In thousands)	June 30 2022		December 31 2021
Finished goods	$	8,821	$	8,323
Work-in-process	4,894		5,393

Raw materials and purchased parts	27,866		21,188
Stores and supplies	39,418		35,589
Total inventories	$	80,999	$	70,493


(In thousands)	June 30 2022		December 31 2021
Land	$	72,678	$	73,067
Land improvements	16,706		16,970
Buildings and improvements	218,950		221,236
Machinery and equipment	1,490,695		1,507,214
Uncompleted construction	61,594		63,816
Gross property, plant and equipment	1,860,623		1,882,303
Less: Accumulated depreciation	(1,223,143)		(1,228,390)
Property, plant and equipment, net	$	637,480	$	653,913


	Three Months Ended				Six Months Ended
	June 30				June 30
(In thousands)	2022		2021		2022		2021
Finance leases:
Amortization expense	$	979	$	474	$	1,957	$	949
Interest on lease liabilities	182		109		365		211
Operating leases	8,432		7,933		16,501		15,829
Variable and short-term lease expense	11,986		13,024		25,329		25,126
Sublease income	(1)		(2)		(3)		(51)
Total lease expense from continuing operations	$	21,578	$	21,538	$	44,149	$	42,064


	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from AOCI into Income	Amount Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended					Three Months Ended
	June 30					June 30
(In thousands)	2022		2021			2022		2021
Foreign currency exchange forward contracts	$	957	$	(440)	Income (loss) from discontinued businesses	$	(998)	$	3


Interest rate swaps	—		(33)		Interest expense	1,061		862

	$	957	$	(473)		$	63	$	865



	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from AOCI into Income	Amount Reclassified from AOCI into Income - Effective Portion or Equity
	Six Months Ended					Six Months Ended
	June 30					June 30
(In thousands)	2022		2021			2022		2021
Foreign currency exchange forward contracts	$	1,966	$	(441)	Income (loss) from discontinued businesses	$	(1,586)	$	(47)

Interest rate swaps	—		(14)		Interest expense	2,111		1,727

	$	1,966	$	(455)		$	525	$	1,680


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives (a)
		Three Months Ended				Six Months Ended
		June 30				June 30
(In thousands)		2022		2021		2022		2021

Foreign currency exchange forward contracts	Cost of services and products sold	$	18,234	$	(740)	$	22,072	$	4,004


	Three Months Ended
	June 30, 2021
(In thousands)	Harsco Environmental Segment		Harsco Clean Earth Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	69,735	$	196,128	$	265,863
Western Europe	116,981		—		116,981
Latin America (b)	33,799		—		33,799
Asia-Pacific	26,922		—		26,922
Middle East and Africa	19,873		—		19,873
Eastern Europe	5,236		—		5,236
Total Revenues	$	272,546	$	196,128	$	468,674

Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	233,523	$	—	$	233,523
Ecoproducts	34,830		—		34,830
Environmental systems for aluminum dross and scrap processing	4,193		—		4,193



Waste processing, recycling, reuse and transportation solutions	—		196,128		196,128

Total Revenues	$	272,546	$	196,128	$	468,674


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2020	$	(125,392)		$	(5,840)		$	(514,500)		$	(9)	$	(645,741)

OCI before reclassifications	12,150		(a)	(259)		(b)	(5,451)		(a)	25		6,465
Amounts reclassified from AOCI, net of tax	—			1,182			11,495			—		12,677



Total OCI	12,150			923			6,044			25		19,142
Less: OCI attributable to noncontrolling interests	(393)			—			—			—		(393)
OCI attributable to Harsco Corporation	12,543			923			6,044			25		19,535
Balance at June 30, 2021	$	(112,849)		$	(4,917)		$	(508,456)		$	16	$	(626,206)


	June 30, 2022
Significant Effects on Revenues (In millions)	Three Months Ended		Six Months Ended
Revenues — 2021	$	272.5	$	530.5
Net effects of price/volume changes, primarily attributable to volume changes	25.6		44.3
Impact of foreign currency translation	(19.6)		(26.8)
Net impact of new and lost contracts	(0.4)		(7.2)

Other	(0.5)		(1.1)
Revenues — 2022	$	277.6	$	539.7


	June 30, 2022
(In millions)	Three Months Ended		Six Months Ended
Change in costs due to changes in revenues volume	$	23.3	$	32.4
Changes in costs due to change in prices, including materials, labor, fuel, transportation and maintenance	17.6		31.6
Impact of foreign currency translation	(16.4)		(23.0)
Other	3.3		6.4

Total change in cost of services and products sold — 2022 vs. 2021	$	27.8	$	47.4


Summary of Senior Secured Credit Facilities and Notes: (In millions)	June 30 2022		December 31 2021
By type:
New Term Loan	$	495.0	$	497.5
Revolving Credit Facility	341.0		362.0
5.75% Senior Notes	475.0		500.0
Total	$	1,311.0	$	1,359.5
By classification:
Current	$	5.0	$	5.0
Long-term	1,306.0		1,354.5
Total	$	1,311.0	$	1,359.5


	June 30, 2022
(In millions)	Facility Limit		Outstanding Balance		Outstanding Letters of Credit		Available Credit


Revolving credit facility (a U.S.-based program)	$	700.0	$	341.0	$	29.8	$	329.2


Exhibit Number						Description
10.1						Receivables Purchase Agreement, dated as of June 24, 2022, by and among Harsco Receivables LLC, Harsco Corporation, the person from time to time party thereto as purchasers, PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as structuring agent (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 24, 202 2 . Commission file Number 001-3970 )
10.2						Purchase and Contribution Agreement, dated as of June 24, 2022, by and among Harsco Receivables LLC, Harsco Corporation, and various entities party thereto as originators (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K dated June 24, 2022 . Commission file Number 001-3970 )
10.3						Amendment No. 10 to Third Amended and Restated Credit Agreement and Second Amendment to Guarantee and Collateral Agreement, dated as of June 24, 2022, among Harsco Corporation, the Subsidiary Guarantors party thereto, Bank of America, N.A. as administrative agent and collateral agent, and the lenders party thereto (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K dated June 24, 2022 . Commission File Number 001-03970 )
10.4						Form of Restricted Stock Units Agreement (Non-Employee Director) (incorporated by reference to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020 . Commission file Number 001-3970 )
31.1						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer).
31.2						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).
32						Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer and Chief Financial Officer).
101.Def						Definition Linkbase Document
101.Pre						Presentation Linkbase Document
101.Lab						Labels Linkbase Document
101.Cal						Calculation Linkbase Document
101.Sch						Schema Document
101.Ins						Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)



DATE	August 5, 2022	/s/ ANSHOOMAN AGA
		Anshooman Aga
		Senior Vice President and Chief Financial Officer
		(On behalf of the registrant and as Principal Financial Officer)

DATE	August 5, 2022	/s/ SAMUEL C. FENICE
		Samuel C. Fenice
		Vice President and Corporate Controller
		(Principal Accounting Officer)