5 unchanged sentences
dollar is our reporting and functional currency for our subsidiaries, except for our Japan operations, where the Japanese yen is the functional currency.
−Removed: 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 assets or liabilities denominated in foreign currencies.
+Added: In order to reduce our exposure to foreign currency gains and losses, we use natural hedging techniques and forward contracts to mitigate foreign currency risk.
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.
−Removed: 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.
+Added: We performed a sensitivity analysis of our foreign currency exposure as of December 31, 2022, to assess the potential impact of
+Added: fluctuations in exchange rates for all foreign denominated assets and liabilities.
Assuming that all foreign currencies appreciated 10% against the U.S.
10 unchanged sentences
dollar strengthens against these foreign currencies.
−Removed: We performed a sensitivity
−Removed: 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.
+Added: We performed a sensitivity analysis of our foreign currency exposure as of December 31, 2022 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 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).
+Added: The effect of foreign exchange rate translation for these entities was a loss of $10.7 million and $16.8 million for the years ended December 31, 2022 and 2021, respectively, and was recognized as an adjustment to equity through other comprehensive income (loss).
Interest Rate Risk
20 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.