13 unchanged sentences
Upon consolidation, as foreign exchange rates vary, net sales and other operating results may differ materially from expectations, and we may record significant gains or losses on the remeasurement of intercompany balances.
−Removed: For example, as a result of fluctuations in foreign exchange rates throughout the period compared to rates in effect the prior year, International segment net sales in Q2 2021 increased by $2.1 billion in comparison with Q2 2020.
+Added: For example, as a result of fluctuations in foreign exchange rates throughout the period compared to rates in effect the prior year, International segment net sales in Q3 2021 increased by $323 million in comparison with Q3 2020.
We have foreign exchange risk related to foreign-denominated cash, cash equivalents, and marketable securities (“foreign funds”).
−Removed: Based on the balance of foreign funds as of June 30, 2021, of $18.5 billion, an assumed 5%, 10%, and 20% adverse change to foreign exchange would result in fair value declines of $925 million, $1.8 billion, and $3.7 billion.
+Added: Based on the balance of foreign funds as of September 30, 2021, of $14.3 billion, an assumed 5%, 10%, and 20% adverse change to foreign exchange would result in fair value declines of $715 million, $1.4 billion, and $2.9 billion.
Fluctuations in fair value are recorded in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity.
1 unchanged sentence
We have foreign exchange risk related to our intercompany balances denominated in various foreign currencies.
−Removed: Based on the intercompany balances as of June 30, 2021, an assumed 5%, 10%, and 20% adverse change to foreign exchange rates would result in losses of $240 million, $480 million, and $965 million, recorded to “Other income (expense), net.”
+Added: Based on the intercompany balances as of September 30, 2021, an assumed 5%, 10%, and 20% adverse change to foreign exchange rates would result in losses of $235 million, $475 million, and $950 million, recorded to “Other income (expense), net.”
See Item 2 of Part I, “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Results of Operations — Effect of Foreign Exchange Rates” for additional information on the effect on reported results of changes in foreign exchange rates.
Equity Investment Risk
−Removed: As of June 30, 2021, our recorded value in equity and equity warrant investments in public and private companies was $9.8 billion.
−Removed: Our equity and equity warrant investments in publicly traded companies represent $4.7 billion of our investments as of June 30, 2021, and are recorded at fair value, which is subject to market price volatility.
+Added: As of September 30, 2021, our recorded value in equity and equity warrant investments in public and private companies was $10.3 billion.
+Added: Our equity and equity warrant investments in publicly traded companies represent $4.4 billion of our investments as of September 30, 2021, and are recorded at fair value, which is subject to market price volatility.
We carry our equity warrant investments in private companies at fair value and adjust our equity investments in private companies for observable price changes or impairments.
3 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.