3 unchanged sentences
In this regard, changes in interest rates affect the interest earned or paid on our marketable securities and debt, as well as the fair value of our investments and debt.
−Removed: Based on the $500.0 million of our floating rate debt outstanding as of October 29, 2022, our annual interest expense would change by approximately $5.0 million for each 100 basis point increase in interest rates.
+Added: Based on our floating rate debt outstanding as of October 28, 2023 and October 29, 2022, inclusive of our commercial paper notes and interest rate swap outstanding, as applicable, our annual interest expense would change by approximately $20.5 million and $5.0 million, respectively, for each 100 basis point increase in interest rates.
Based on our cash and marketable securities outstanding as of October 28, 2023 and October 29, 2022, our annual interest income would change by approximately $9.6 million and $14.7 million, respectively, for each 100 basis point increase in interest rates.
2 unchanged sentences
If significant, such losses would only be realized if we sold the investments prior to maturity.
+Added: As of October 28, 2023 we had $1.0 billion notional of fixed for floating interest rate swaps outstanding, with the swap payable having a fair value of $81.6 million.
+Added: A hypothetical 100 basis point increase in interest rates would increase the swap payable by approximately $57.0 million with a corresponding adjustment to the carrying value of the related debt.
As of October 28, 2023, we had $6.5 billion in principal amount of senior unsecured notes outstanding, with a fair value of $5.3 billion.
+Added: We also had $547.2 million of commercial paper notes outstanding.
+Added: As commercial paper notes issuances are at then-current rates and with very short maturities, the carrying value will approximate the fair value.
The fair value of our notes is subject to interest rate risk, market risk and other factors.
3 unchanged sentences
(thousands) Principal Amount Outstanding Fair Value Fair Value given an increase in interest rates of 100 basis points Principal Amount Outstanding Fair Value Fair Value given an increase in interest rates of 100 basis points
−Removed: Maxim 2023 Notes, due March 2023 $ — $ — $ — $ 500,000 $ 520,236 $ 513,273
+Added: Commercial paper notes
+Added: $ 547,225 $ 547,185 $ 546,875 $ — $ — $ —
2024 Notes, due October 2024 500,000 499,473 495,058 500,000 491,982 483,035
2 unchanged sentences
Maxim Notes, due June 2027
+Added: — — — 59,788 54,771 52,534
2027 Notes, due June 2027 440,212 408,595 395,208 440,212 410,091 393,294
66 unchanged sentences
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.