3 unchanged sentences
Foreign Currency Exchange Rate Risk
−Removed: Because we operate throughout North America, Australia and New Zealand and approximately 13% of our fiscal year 2023 net sales were generated outside the United States, foreign currency exchange rates can impact our financial position, results of operations and competitive position.
+Added: Because we operate throughout North America, Australia and New Zealand and approximately 12% of our fiscal 2024 net sales were generated outside the United States, foreign currency exchange rates can impact our financial position, results of operations, and competitive position.
The financial statements of foreign subsidiaries are translated into their U.S.
1 unchanged sentence
Translation gains and losses are components of other comprehensive income as reported in the statements of consolidated comprehensive income.
−Removed: Transaction gains and losses arising from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency are recognized in the statements of consolidated income as a component of other expense (income), net.
+Added: Transaction gains and losses arising from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency are recognized in the statements of consolidated income as a component of other (income) expense, net.
Applied does not currently hedge the net investments in our foreign operations.
−Removed: During the course of the fiscal year, the Canadian, Australian and New Zealand currency exchange rates decreased in relation to the U.S.
−Removed: dollar by 2.9%, 3.9%, and 2.5%, respectively, while the Mexican currency exchange rate increased in relation to the U.S.
−Removed: dollar by 17.7%.
−Removed: In the twelve months ended June 30, 2023, we experienced net foreign currency translation gains totaling $7.7 million, which were included in other comprehensive income.
+Added: During the course of the fiscal year, the Canadian and Mexican currency exchange rates decreased in relation to the U.S.
+Added: dollar by 3.2% and 6.8%, respectively, while the Australian and New Zealand currency exchange rates increased in relation to the U.S.
+Added: dollar by 0.6% and 0.2%, respectively.
+Added: In the twelve months ended June 30, 2024, we experienced net foreign currency translation losses totaling $12.5 million, which were included in other comprehensive income.
We utilize a sensitivity analysis to measure the potential impact on earnings based on a hypothetical 10% change in foreign currency rates.
19 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.