QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Excluding the impact of changes in interest rates and the uncertainty in the global financial markets, there have been no material changes to our market risk for the three months ended March 31, 2022.
+Added: Excluding the impact of changes in interest rates and the uncertainty in the global financial markets, there have been no material changes to our market risk for the six months ended June 30, 2022.
We conduct business in all parts of the world and are thereby exposed to market risks related to fluctuations in foreign currency exchange rates.
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The primary objective of our cash investment policy is to preserve principal without significantly increasing risk.
−Removed: If we maintained similar cash investments for a period of one year based on our cash investments and interest rates on these investments at March 31, 2022, a hypothetical ten percent increase or decrease in effective interest rates would increase or decrease interest income by less than $0.1 million annually.
−Removed: We had approximately $1.1 billion of debt outstanding as of March 31, 2022, with $698.4 million outstanding under our Credit Facility and $400.0 million in 2026 Notes.
−Removed: Our Credit Facility has a floating rate, which was 2.20% as of March 31, 2022.
+Added: If we maintained similar cash investments for a period of one year based on our cash investments and interest rates on these investments at June 30, 2022, a hypothetical ten percent increase or decrease in effective interest rates would increase or decrease interest income by less than $0.1 million annually.
+Added: We had approximately $1.1 billion of debt outstanding as of June 30, 2022, with $696.9 million outstanding under our Credit Facility and $400.0 million in 2026 Notes.
+Added: Our Credit Facility has a floating rate, which was 3.37% as of June 30, 2022.
Our 2026 Notes are fixed-rate long-term debt obligations with a 5.750% interest rate.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.