6 unchanged sentences
In order to reduce our exposure to foreign currency gains and losses, we generally use natural hedging techniques to reduce foreign currency rate risk.
−Removed: We also use forward contracts to mitigate foreign currency risk of certain monetary liabilities denominated in foreign currencies.
+Added: We also use forward contracts to mitigate foreign currency risk of certain monetary assets or liabilities denominated in foreign currencies.
We have foreign currency exchange rate risk associated with the remeasurement of monetary assets and liabilities on our Consolidated Balance Sheets that are denominated in currencies other than the functional currency.
We performed a sensitivity analysis of our foreign currency exposure as of December 31, 2021, to assess the potential impact of fluctuations in exchange rates for all foreign denominated assets and liabilities.
−Removed: Assuming that all foreign currencies depreciated 10% against the U.S.
−Removed: dollar, taking into account our foreign currency forward contracts, our income before taxes as of December 31, 2020 would have been approximately $3 million lower, due to the remeasurement of monetary assets and liabilities.
+Added: Assuming that all foreign currencies appreciated 10% against the U.S.
+Added: dollar and taking into account our foreign currency forward contracts, our income before taxes as of December 31, 2021 would have been approximately $18 million lower, due to the remeasurement of monetary assets and liabilities.
In addition, we have foreign currency exchange rate exposure on our results of operations.
8 unchanged sentences
dollar strengthens against these foreign currencies.
−Removed: We performed a sensitivity analysis of our foreign currency exposure as of December 31, 2020 to assess the potential impact of fluctuations in exchange rates for all foreign denominated sales and operating expenses.
+Added: We performed a sensitivity
+Added: analysis of our foreign currency exposure as of December 31, 2021 to assess the potential impact of fluctuations in exchange rates for all foreign denominated sales and operating expenses.
Assuming that all foreign currencies appreciated 10% against the U.S.
3 unchanged sentences
Our Consolidated Financial Statements are impacted by changes in exchange rates at the entity where the local currency is the functional currency.
−Removed: The effect of foreign exchange rate translation for these entities was a gain of $7.5 million and $2.8 million for the years ended December 31, 2020 and 2019, respectively, and was recognized as an adjustment to equity through other comprehensive income (loss).
+Added: The effect of foreign exchange rate translation for these entities was a loss of $16.8 million and a gain of $7.5 million for the years ended December 31, 2021 and 2020, respectively, and was recognized as an adjustment to equity through other comprehensive income (loss).
Interest Rate Risk
4 unchanged sentences
Due to the relatively short-term nature of our investment portfolio, we believe that an immediate increase in interest rates will not have a material impact on the fair value of our available-for-sale debt investments.
−Removed: For information regarding our available-for-sale debt investments, see Note 6 to our Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.
+Added: For information regarding our available-for-sale debt investments, see Note 6 to our Consolidated Financial Statements in Part II, Item 8 of this Form 10-K.
In addition, we have interest rate risk with respect to our debt.
11 unchanged sentences
Total debt maturities $153,008 $179,336 $140,383 $60,496 $44,695 $568,857 $1,146,775 $1,183,538
−Removed: For information regarding the fair value of our long-term debt, see Note 16 to our Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.
+Added: For information regarding the fair value of our long-term debt, see Note 16 to our Consolidated Financial Statements in Part II, Item 8 of this Form 10-K.
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.