{"schemaVersion":1,"research":true,"symbol":"gpc","name":"Genuine Parts Co","topic":"moat","path":"/stock/gpc/moat","status":"published","version":4,"updatedAt":"2026-10-18T14:20:11.413Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"GPC has a narrow, uneven moat from embedded inventory services, onsite operations and established distribution relationships. These create practical switching friction, especially in Industrial and supported automotive stores. Its footprint supports availability, but does not establish superior costs, network effects or efficient scale. Actual customer price increases and gross-margin gains demonstrate some pricing power, tempered by competitive pricing pressure and uneven operating-margin resilience. Proposed separation benefits remain potential.","advantages":[{"mechanism":"switching_costs","claim":"Inventory management, asset tracking, specialized repair, store support and onsite supply operations embed GPC in customer workflows. Replacing these services entails operational transition and service-continuity risk. Ongoing national-account agreements and a disclosed longstanding onsite automotive relationship substantiate a limited current advantage; quantified switching costs are not disclosed.","durability":"Recurring maintenance needs and established service arrangements support persistence. Motion's national-account agreements represented approximately 45% of annual sales in both the 2023 and 2024 disclosures. These observations support relationship continuity, without establishing exclusivity, guaranteed renewals or exceptional durability.","risks":"Large distributors can offer competing services; most supplier agreements are non-exclusive. Online competition, competitor consolidation and pricing pressure could weaken relationships. Supplier failure has already caused a material loss, demonstrating that distribution relationships do not eliminate supply-chain vulnerability.","invalidation":"The thesis would weaken materially if national-account agreement coverage declined persistently, onsite or inventory-management customers migrated without meaningful disruption, or sustained comparable-sales declines accompanied price concessions and deteriorating service availability. Evidence that equivalent integrated services are readily interchangeable would invalidate the switching-friction claim.","competitors":["Applied Industrial Technologies, Inc.","Fastenal Company","AutoZone, Inc.","O'Reilly Auto Parts, Inc.","Advance Auto Parts, Inc.","LKQ Corporation","Bapcor"],"evidenceIds":["e1","e2","e3","e4","e5","e6","e7","e8"],"counterEvidenceIds":["e9","e10","e11","e12","e13","e14","e15"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business — Industrial value-added services","excerpt":"We provide our customers and deliver value through: •Onsite inventory management and vendor managed inventory (\"VMI\") 5 Table of Contents •Asset repair and tracking, including radio frequency identification (\"RFID\") asset management of our customers' inventories •Specialized repair services for gearboxes, fluid power systems, pumps, drive shafts, electrical panels, and hoses and gaskets •Advanced automation and motion control solutions through Motion AI •Integrated e-business capabilities through MiSupplierConnect, our advanced platform that seamlessly connects our IT systems with those of our suppliers."},{"id":"e2","sourceId":"filing-4","location":"Business — NAPA store management and inventory support","excerpt":"We offer our NAPA Auto Parts stores various management aids, marketing aids and service on topics such as selling and promotional tools, inventory control, pricing and cost analysis, as well as marketing conferences and seminars, sales and advertising manuals and training programs."},{"id":"e3","sourceId":"filing-4","location":"Business — inventory classification system","excerpt":"This system, which undergoes continuous analytical review, is an integral part of our inventory control procedures and comprises an important feature of the inventory management services that we make available to our NAPA Auto Parts stores."},{"id":"e4","sourceId":"filing-4","location":"Business — Motion national-account sales agreements","excerpt":"Motion has ongoing sales agreements with many of its national account customers which, collectively, represent 45% of its annual sales volume."},{"id":"e5","sourceId":"filing-5","location":"Business — Motion national-account sales agreements","excerpt":"Motion has ongoing sales agreements with many of its national account customers which, collectively, represent approximately 45% of its annual sales volume."},{"id":"e6","sourceId":"filing-3","location":"Corporate Governance — longstanding customer relationship and onsite operations","excerpt":"The Company has a long-standing and ordinary course vendor relationship with Delta and, in connection therewith, maintains automotive parts and supply locations on-site at multiple Delta facilities to better serve Delta’s ground vehicles."},{"id":"e7","sourceId":"filing-1","location":"Business — proximity to commercial automotive customers","excerpt":"Our stores are positioned close to key commercial customers, primarily repair shops and auto care centers, enabling frequent deliveries and efficient order fulfillment."},{"id":"e8","sourceId":"filing-4","location":"Business — Motion fulfillment and delivery","excerpt":"Most orders are filled immediately from existing stock and deliveries are normally made within 24 hours of order receipt."},{"id":"e9","sourceId":"filing-1","location":"Business — non-exclusive supplier agreements","excerpt":"We maintain non-exclusive distributor agreements with most suppliers."},{"id":"e10","sourceId":"filing-1","location":"Competition — named North American automotive competitors","excerpt":"Key competitors in North America include AutoZone, Inc., O'Reilly Auto Parts, Inc., Advance Auto Parts, Inc., and LKQ Corporation, among others."},{"id":"e11","sourceId":"filing-1","location":"Competition — named international automotive competitors","excerpt":"Internationally, competitors include LKQ Corporation, which has a strong presence in Europe, and Bapcor in Australasia, among many others."},{"id":"e12","sourceId":"filing-1","location":"Competition — named industrial competitors","excerpt":"In industrial distribution, our main competitor is Applied Industrial Technologies, Inc., but we also compete against Fastenal Company, and W.W."},{"id":"e13","sourceId":"filing-1","location":"Risk Factors — competitive pricing constraints","excerpt":"Because we seek to offer competitive prices, we may be forced to reduce our prices if our competitors reduce their prices or increase promotional spending, which could result in a material decline in our revenues and earnings."},{"id":"e14","sourceId":"filing-1","location":"Risk Factors — potential effects of competitor consolidation","excerpt":"Consolidation among our competitors could further enhance their financial position, provide them with the ability to offer more competitive prices to customers for whom we compete, take advantage of acquisitions and other opportunities more readily, rapidly scale and invest in their businesses, more successfully utilize developing technology, including data analytics, artificial intelligence, and machine learning, and allow them to achieve increased efficiencies in their consolidated operations that enable them to more effectively compete for customers."},{"id":"e15","sourceId":"filing-1","location":"Vendor incentives — realized supplier-related credit loss","excerpt":"As a result of these events and our on-going assessment of the credit quality of the vendor, we recorded a charge of $151 million to cost of goods sold in 2025."},{"id":"e16","sourceId":"filing-2","location":"MD&A — tariffs, product costs and customer pricing","excerpt":"During the six months ended June 30, 2026, tariffs continued to drive higher product costs and customer pricing, impacting our gross margin and SG&A expenses."},{"id":"e17","sourceId":"filing-2","location":"MD&A — first-half 2026 gross-profit and gross-margin results","excerpt":"Gross profit increased $312 million, or 6.9%, with gross margin increasing approximately 20 basis points to 37.6% during the six months ended June 30, 2026, compared to the same prior year period."},{"id":"e18","sourceId":"filing-2","location":"MD&A — attribution of gross-margin expansion","excerpt":"The increases in gross profit are primarily driven by increased sales, and our margin expansion reflects our ongoing pricing and sourcing initiatives, partially offset by the impact of tariffs and Middle East conflict-driven inflation in product costs."},{"id":"e19","sourceId":"filing-2","location":"Segment Information — first-half 2026 segment results and margins","excerpt":"Segment Information North America Automotive Segment The following table presents a summary of our reportable North America automotive segment financial information: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 2025 2026 2025 Net sales $ 2,537,236 $ 2,444,377 $ 4,900,268 $ 4,709,158 Cost of goods sold 1,547,497 1,486,192 3,001,844 2,882,809 Gross profit 989,739 958,185 1,898,424 1,826,349 Operating expenses 781,411 761,685 1,533,891 1,482,854 EBITDA $ 208,328 $ 196,500 $ 364,533 $ 343,495 Gross margin (1) 39.0 % 39.2 % 38.7 % 38.8 % Operating expenses as a percentage of net sales 30.8 % 31.2 % 31.3 % 31.5 % EBITDA margin (2) 8.2 % 8.0 % 7.4 % 7.3 % International Automotive Segment The following table presents a summary of our reportable international automotive segment financial information: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 2025 2026 2025 Net sales $ 1,588,112 $ 1,467,904 $ 3,173,628 $ 2,868,011 Cost of goods sold 854,023 789,057 1,720,350 1,549,264 Gross profit 734,089 678,847 1,453,278 1,318,747 Operating expenses 584,098 537,355 1,158,442 1,038,743 EBITDA $ 149,991 $ 141,492 $ 294,836 $ 280,004 Gross margin (1) 46.2 % 46.2 % 45.8 % 46.0 % Operating expenses as a percentage of net sales 36.8 % 36.6 % 36.5 % 36.2 % EBITDA margin (2) 9.4 % 9.6 % 9.3 % 9.8 % Industrial Segment The following table presents a summary of our reportable industrial segment financial information: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 2025 2026 2025 Net sales $ 2,411,603 $ 2,252,144 $ 4,727,995 $ 4,453,325 Cost of goods sold 1,659,459 1,564,815 3,264,793 3,100,409 Gross profit 752,144 687,329 1,463,202 1,352,916 Operating expenses 435,697 399,191 832,635 786,067 EBITDA $ 316,447 $ 288,138 $ 630,567 $ 566,849 Gross margin (1) 31.2 % 30.5 % 30.9 % 30.4 % Operating expenses as a percentage of net sales 18.1 % 17.7 % 17.6 % 17.7 % EBITDA margin (2) 13.1 % 12.8 % 13.3 % 12.7 % 12 Table of Contents (1)Gross margin is gross profit as a percentage of net sales."},{"id":"e20","sourceId":"filing-2","location":"MD&A — first-half 2026 SG&A expense leverage","excerpt":"SG&A expenses increased $293 million, or 8.4%, during the six months ended June 30, 2026 compared to the same prior year period, and, as a percentage of sales, increased 60 basis points."},{"id":"e21","sourceId":"filing-2","location":"MD&A — North America Automotive first-half sales components","excerpt":"The increase is primarily attributable to a 2.4% increase in comparable sales, a 1.4% increase from acquisitions and a 0.3% favorable impact from foreign currency and other."},{"id":"e22","sourceId":"filing-2","location":"MD&A — International Automotive first-half sales components","excerpt":"The increase is attributable to a 7.8% favorable foreign exchange impact, a 2.5% increase from acquisitions and a 0.4% increase in comparable sales."},{"id":"e23","sourceId":"filing-2","location":"MD&A — Industrial first-half sales components","excerpt":"The increase in sales primarily reflects a 5.0% increase in comparable sales and a 1.0% favorable impact from foreign currency."},{"id":"e24","sourceId":"filing-2","location":"MD&A — realized restructuring benefit to SG&A","excerpt":"Our global restructuring initiatives provided a 30 basis point benefit to SG&A for both the three and six months ended June 30, 2026."},{"id":"e25","sourceId":"filing-2","location":"Condensed Consolidated Statements of Cash Flows — six months ended June 30","excerpt":"6 Table of Contents GENUINE PARTS COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, (in thousands) 2026 2025 Operating activities: Net income $ 416,093 $ 449,272 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 265,744 238,453 Share-based compensation 29,698 24,180 Other operating activities, including changes in operating assets and liabilities (247,421) (542,790) Net cash provided by operating activities 464,114 169,115 Investing activities: Purchases of property, plant and equipment (205,391) (248,822) Proceeds from sale of property, plant and equipment 17,884 19,451 Acquisitions of businesses (37,613) (111,973) Proceeds from divestitures of businesses 6,718 59 Other investing activities (9,604) 23,335 Net cash used in investing activities (228,006) (317,950) Financing activities: Proceeds from debt 791,217 21,405 Payments on debt (926,328) (522,637) Net proceeds of commercial paper 338,853 916,587 Shares issued from employee incentive plans (13,254) (15,254) Dividends paid (287,972) (277,306) Other financing activities (26,679) (20,268) Net cash provided by (used in) financing activities (124,163) 102,527 Effect of exchange rate changes on cash and cash equivalents (30,006) 24,310 Net increase (decrease) in cash and cash equivalents 81,939 (21,998) Cash and cash equivalents at beginning of period 477,179 479,991 Cash and cash equivalents at end of period $ 559,118 $ 457,993 See accompanying Notes to Condensed Consolidated Financial Statements."},{"id":"e26","sourceId":"filing-2","location":"MD&A — receivables-sale contribution to operating cash flow","excerpt":"We also had a $250 million benefit to operating cash flow from our A/R Sales Agreement."},{"id":"e27","sourceId":"filing-2","location":"MD&A — net debt proceeds supporting investments","excerpt":"In addition, we had net proceeds of debt of approximately $204 million, which includes $339 million under our commercial paper program to support these investments."},{"id":"e28","sourceId":"filing-1","location":"MD&A — 2025 operating cash-flow decline","excerpt":"29 Table of Contents Cash Flow Activity During 2025, net cash provided by operating activities was $891 million, a decrease of $360 million, or 28.8%, from 2024 that was driven by lower net income, higher interest payments, and changes in working capital."},{"id":"e29","sourceId":"filing-1","location":"MD&A — 2025 acquisitions, capital expenditures and dividends","excerpt":"In 2025, we deployed $318 million for acquisitions, $470 million for capital expenditures, and $564 million for dividends."},{"id":"e30","sourceId":"filing-3","location":"Executive Compensation — actual three-year performance-award outcome","excerpt":"2026 Proxy Statement 22 •The performance-based restricted stock units granted in 2023, which are earned based on achievement of a cumulative three-year Adjusted EBITDA target (weighted at 85%) and a three-year average Return on Invested Capital (ROIC) target (weighted at 15%) were earned at 42% for each NEO."},{"id":"e31","sourceId":"filing-3","location":"Executive Compensation — adopted 2025 annual incentive metrics","excerpt":"For 2025, performance metrics under our Annual Incentive Plan were Adjusted EBITDA, net sales and working capital goals for all named executive officers."},{"id":"e32","sourceId":"filing-3","location":"Executive Compensation — stock ownership guidelines","excerpt":"The current guidelines as determined by the Committee include: (i) CEO — ownership equal to seven times prior year’s salary; (ii) Named Executive Officers — ownership equal to three times prior year’s salary; and (iii) Corporate Senior Vice Presidents and Subsidiary Presidents — ownership equal to one times the prior year’s salary."},{"id":"e33","sourceId":"filing-3","location":"Executive Compensation — supplier-bankruptcy exclusion from annual incentive calculation","excerpt":"In calculating Adjusted EBITDA for purposes of the 2025 Annual Incentive Plan, the Committee excluded the impact of losses associated with the bankruptcy of a key supplier to the Company’s Global Automotive division, which the Committee determined was an exceptional item not reflective of operational performance or indicative of ongoing operating results, given both the unusual circumstances and timing of the bankruptcy, which materially increased the challenges of mitigating the impact on results of the"},{"id":"e34","sourceId":"filing-3","location":"Executive Compensation — additional retention RSU grants","excerpt":"2026 Proxy Statement 24 In addition to the annual long-term incentive opportunity set forth above, each NEO also received a grant of retention RSUs with a grant date value of $3 million for Mr."},{"id":"e35","sourceId":"filing-3","location":"Executive Compensation — retention grant values and cliff-vesting condition","excerpt":"Stengel and $1.5 million for each other NEO, each subject to a three-year cliff vesting period."},{"id":"e36","sourceId":"filing-3","location":"Corporate Governance — actual 2025 Board attendance","excerpt":"During 2025, the Board of Directors held five meetings, all of which were attended by our directors."},{"id":"e37","sourceId":"filing-3","location":"Corporate Governance — actual 2025 committee attendance","excerpt":"All committee members attended all of the committee meetings on which they served."},{"id":"e38","sourceId":"filing-3","location":"Auditor Oversight — approval authority for non-audit services","excerpt":"Non-audit services may be approved by the Chair of the Committee and reported to the full Audit Committee at its next meeting but may not be approved by the Company’s management."},{"id":"e39","sourceId":"filing-3","location":"Corporate Governance — independence determination for 2026 director nominees","excerpt":"The Board has affirmatively determined that nine of the eleven director nominees have no direct or indirect material relationships with the Company that would impair their independence and therefore are independent directors according to the NYSE rules and the Company's Corporate Governance Guidelines."},{"id":"e40","sourceId":"filing-3","location":"Executive Compensation — prohibition on executive and director hedging and pledging","excerpt":"The Company prohibits hedging and pledging of Company stock by executive officer and directors."},{"id":"e41","sourceId":"filing-2","location":"General Basis of Presentation — proposed separation timing and conditions","excerpt":"The separation is targeted for completion in the first quarter of 2027, subject to certain customary and regulatory conditions."},{"id":"e42","sourceId":"filing-2","location":"General Basis of Presentation — uncertainty of separation completion","excerpt":"There can be no assurance that any separation transaction will ultimately occur or, if one does occur, of its terms or timing."},{"id":"e43","sourceId":"filing-4","location":"MD&A — 2024 restructuring, inventory liquidation and expense pressures","excerpt":"The year over year declines in these metrics are primarily due to $221 million in restructuring and other costs, $62 million in inventory liquidation charges, and higher SG&A expenses driven by inflationary pressures and investments in technology."},{"id":"e44","sourceId":"filing-4","location":"MD&A — 2024 pricing, sourcing and restructuring benefits","excerpt":"These impacts were partially offset by improved gross profit and margin from acquisitions and pricing and sourcing initiatives and the benefits from the restructuring program."},{"id":"e45","sourceId":"filing-1","location":"Risk Factors — digital and e-commerce competition","excerpt":"Increased competition among distributors of automotive and industrial parts, including increased availability among digital and e-commerce providers across the markets in which we do business, could cause a material adverse effect on our results of operations."}],"changes":["Retains the previous narrow verdict and its distinction between embedded services and unproven distribution-cost superiority.","Adds explicit support from historical national-account agreement coverage and the disclosed longstanding onsite automotive relationship.","Incorporates first-half 2026 customer price increases, comparable-sales growth and uneven segment-margin outcomes, plus actual proxy disclosures on incentives and governance.","Treats the proposed 2027 separation as conditional rather than an achieved competitive improvement."],"limitations":["Only supplied issuer filings were used. Their dates are filing dates: 2024-02-22, 2025-02-21, 2026-02-20, 2026-02-27, 2026-04-21 and 2026-07-21. No later results or meeting outcomes are established.","Customer switching friction is inferred from disclosed operating arrangements. Customer retention rates, agreement termination terms, exclusivity, realized switching costs and competitor service comparisons are absent.","Pricing and sourcing contributions are combined; the passages do not isolate price realization from sourcing savings, mix or inflation, or establish customer price elasticity.","Named competitor coverage is incomplete and contains no comparative operating results. The split Grainger name is omitted from competitor arrays because its full name is not a continuous substring within a supplied excerpt.","Brand superiority, customer cost savings and future technology benefits are principally management assertions. Footprint and margins alone do not establish a moat.","Ownership guidelines are disclosed, but actual executive compliance and complete beneficial ownership are not established by the passages. Nominee independence and planned leadership changes do not establish subsequent election outcomes.","No customer pricing schedules or detailed contractual repricing provisions are supplied. Contractual freedom is assessed indirectly from implemented pricing and disclosed competitive constraints."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":2,"rationale":"Inventory services, store support and actual onsite operations support limited workflow switching friction. Non-exclusive supply and substantial named competition prevent a stronger structural assessment.","evidenceIds":["e1","e2","e3","e6","e9","e12"]},{"criterion":"durability","grade":2,"rationale":"National-account agreement coverage persisted at approximately 45% across two annual disclosures, and a longstanding onsite relationship is documented. Agreement duration, renewal performance and exclusivity are not established.","evidenceIds":["e4","e5","e6"]},{"criterion":"customer_dependency","grade":2,"rationale":"Inventory management, repairs, onsite operations and rapid fulfillment address operational needs and create practical dependence for some customers. This is indirect evidence; neither customer-wide dependence nor inability to substitute is demonstrated.","evidenceIds":["e1","e4","e6","e8"]},{"criterion":"erosion_resilience","grade":2,"rationale":"First-half 2026 comparable-sales growth in all segments and gross-margin expansion demonstrate resilience. International Automotive margin contraction, higher SG&A intensity and the realized supplier loss show meaningful limits. Competitive risk disclosures describe potential erosion, not proven customer losses.","evidenceIds":["e15","e17","e19","e20","e21","e22","e23","e45"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":3,"rationale":"Higher customer pricing was actually disclosed in first-half 2026, alongside 20 basis points of consolidated gross-margin expansion. Pricing and sourcing also benefited 2024 results, supporting demonstrated but bounded pricing capability. Their separate contributions and volume effects are unavailable.","evidenceIds":["e16","e17","e18","e44"]},{"criterion":"retention","grade":2,"rationale":"Ongoing national-account agreements, a longstanding onsite relationship and positive comparable sales support repeat demand indirectly. Comparable sales include pricing and do not establish unchanged customer counts or renewal rates; International Automotive growth was particularly modest.","evidenceIds":["e4","e5","e6","e21","e22","e23"]},{"criterion":"margin_resilience","grade":2,"rationale":"Gross-margin expansion and improving Industrial and North America Automotive EBITDA margins coexist with International Automotive EBITDA-margin contraction and a 60-basis-point increase in consolidated SG&A intensity. Pricing and sourcing have helped, while full operating-cost protection remains uneven.","evidenceIds":["e17","e18","e19","e20","e24"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Implemented higher customer prices demonstrate practical repricing ability. Competitive-price commitments constrain that freedom. Detailed customer contract restrictions and repricing provisions are absent, so the assessment is indirect and does not imply unrestricted contractual discretion.","evidenceIds":["e13","e16"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Actual investment and cash-flow disclosures permit assessment, but outcomes are mixed. In 2025, $891 million of operating cash flow fell short of combined acquisitions, capital spending and dividends. First-half 2026 operating cash flow improved to $464 million, including a $250 million receivables-sale benefit, while net debt proceeds supported spending. Acquisition returns and durable investment payback are not established.","evidenceIds":["e25","e26","e27","e28","e29","e43"]},{"criterion":"incentive_alignment","grade":2,"rationale":"Actual three-year performance awards were earned at 42%, with EBITDA and ROIC conditions, demonstrating performance sensitivity. Annual working-capital metrics, ownership guidelines and anti-hedging rules support alignment. Exclusion of supplier-bankruptcy losses and additional time-based retention grants temper the assessment. Grant disclosures establish awards and conditions, not completed vesting or ownership compliance.","evidenceIds":["e30","e31","e32","e33","e34","e35","e40"]},{"criterion":"execution","grade":2,"rationale":"Comparable-sales growth, higher segment EBITDA and realized restructuring savings demonstrate operational progress in first-half 2026. International margin pressure, prior inventory-liquidation charges and the supplier-related loss make the wider record mixed. Attribution to management is partly indirect; the proposed separation is not counted as an achieved benefit.","evidenceIds":["e15","e19","e21","e22","e23","e24","e41","e42","e43"]},{"criterion":"governance","grade":2,"rationale":"Full disclosed Board and committee attendance in 2025, auditor-service approval controls and anti-hedging rules demonstrate functioning governance practices. The independence finding covers nine of eleven 2026 nominees and is not proof of subsequent election results. Compensation adjustments provide a counterweight; these disclosures do not establish exceptional oversight effectiveness.","evidenceIds":["e33","e36","e37","e38","e39","e40"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"d71cdbd5cf57e288095535153717167e2cae45c41a5ea874c37f3e6d8b185698","updatedAt":"2026-10-18T14:20:11.413Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098726000003/gpc-20251231.htm","publishedAt":"2026-02-20","sha256":"be80d903cb7b8bafd0799874bea839943bc1d7c7033eebc0dc5c239d8aaa812f","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098726000033/gpc-20260630.htm","publishedAt":"2026-07-21","sha256":"7252f11093184518c74f80c73e0cee2e14549e186378fbebf2fb10a7b4a0c200","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098726000011/gpc-20260226.htm","publishedAt":"2026-02-27","sha256":"4eb6c08511e5e84bf55413780f13817f666fecfba1564be01fad701b421a363f","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098725000026/gpc-20241231.htm","publishedAt":"2025-02-21","sha256":"22844511ba2781bf5875f3a04f5c9d53f43e3253e9489832695bd4d12407fb09","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098724000024/gpc-20231231.htm","publishedAt":"2024-02-22","sha256":"6f32c50c2d47d46beeff3a445389507a15edf86ec73703fe36d857caf539a60e","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/40987/000004098726000017/gpc-20260331.htm","publishedAt":"2026-04-21","sha256":"89a112f1e8bb8f2b4994b74cb9f0d6c3e9a201630d02ed6985a7db57653e7a99","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:35cd1dd3e28f7d1d5721813a6c659795288a2668541fca5076c80bfa518fa1d8","usage":{"input_tokens":84240,"cached_input_tokens":21120,"cache_write_input_tokens":0,"output_tokens":4669,"reasoning_output_tokens":220},"basisSupplement":{"previousHash":"aca07c575025bbf08f393530703a2d76f2987d40e439feb00ee558594148a30f","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; 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