37 unchanged sentences
We have foreign exchange risk related to our intercompany balances denominated in various foreign currencies.
−Removed: Based on the intercompany balances as of December 31, 2020, an assumed 5%, 10%, and 20% adverse change to foreign exchange rates would result in losses of $245 million, $485 million, and $970 million, recorded to “Other income (expense), net.”
+Added: Based on the intercompany balances as of December 31, 2021, an assumed 5%, 10%, and 20% adverse change to foreign exchange rates would result in losses of $285 million, $575 million, and $1.1 billion, recorded to “Other income (expense), net.”
See Item 7 of Part II, “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.
1 unchanged sentence
As of December 31, 2021, our recorded value in equity and equity warrant investments in public and private companies was $22.3 billion.
−Removed: Our equity and equity warrant investments in publicly traded companies represent $3.2 billion of our investments as of December 31, 2020, and are recorded at fair value, which is subject to market price volatility.
−Removed: We assess our equity investments in private companies for impairment.
+Added: Our equity and equity warrant investments in publicly traded companies, which primarily relate to Rivian Automotive, Inc., represent $20.3 billion of our investments as of December 31, 2021, and are recorded at fair value, which is subject to market price volatility.
+Added: We record our equity warrant investments in private companies at fair value and adjust our equity investments in private companies for observable price changes or impairments.
Valuations of private companies are inherently more complex due to the lack of readily available market data.
1 unchanged sentence
As such, we believe that market sensitivities are not practicable.
+Added: See Item 8 of Part II, “Financial Statements and Supplementary Data — Note 1 — Description of Business, Accounting Policies, and Supplemental Disclosures” for additional information.
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.