12 unchanged sentences
The net market value of these financial instruments combined is referred to below as the "net financial instrument position" and is disclosed in Note 13, Fair Value Measurements , to the consolidated financial statements.
−Removed: Our net financial instrument position increased from a liability of $3,239.1 at 30 September 2019 to a liability of $8,220.7 at 30 September 2020 due to the issuance of the $3.8 billion U.S.
−Removed: Dollar-denominated notes and €1.0 billion Eurobonds in the third quarter of fiscal year 2020.
−Removed: See Note 15, Debt , for additional information.
+Added: Our net financial instrument position decreased from a liability of $8,220.7 at 30 September 2020 to a liability of $7,850.3 at 30 September 2021.
+Added: The decrease was primarily due to the repayment of a €350.0 million Eurobond ($428) on its maturity date in June 2021.
The analysis below presents the sensitivity of the market value of our financial instruments to selected changes in market rates and prices.
2 unchanged sentences
Interest Rate Risk
−Removed: Our debt portfolio as of 30 September 2020, including the effect of currency and interest rate swap agreements, was composed of 89% fixed-rate debt and 11% variable-rate debt.
−Removed: Our debt portfolio as of 30 September 2019, including the effect of currency and interest rate swap agreements, was composed of 74% fixed-rate debt and 26% variable-rate debt.
−Removed: The increase in fixed rate debt is the result of the U.S.
−Removed: Dollar- and Euro-denominated notes issued during the third quarter of fiscal year 2020.
+Added: Our debt portfolio as of 30 September 2021 and 2020, including the effect of currency and interest rate swap agreements, was composed of 89% fixed-rate debt and 11% variable-rate debt.
The sensitivity analysis related to the interest rate risk on the fixed portion of our debt portfolio assumes an instantaneous 100 bp parallel move in interest rates from the level at 30 September 2021, with all other variables held constant.
A 100 bp increase in market interest rates would result in a decrease of $587 and $711 in the net liability position of financial instruments at 30 September 2021 and 2020, respectively.
−Removed: A 100 bp decrease in market interest rates would result in an increase of $846 and $80 in the net liability position of financial instruments at 30
−Removed: September 2020 and 2019, respectively.
−Removed: The longer maturities and increased principal associated with the U.S.
−Removed: Dollar- and Euro-denominated notes issued during the third quarter of fiscal year 2020 created a higher sensitivity to market interest rates.
+Added: A 100 bp decrease in market interest rates would result in an increase of $692 and $846 in the net liability position of financial instruments at 30 September 2021 and 2020, respectively.
Based on the variable-rate debt included in our debt portfolio, including the interest rate swap agreements, a 100 bp increase in interest rates would result in an additional $8 of interest incurred per year at 30 September 2021 and 2020.
13 unchanged sentences
Dollar would lower our annual operating income by approximately $45 and $25, respectively.
−Removed: COVID-19 Risks and Uncertainties
−Removed: Refer to Item 1A.
−Removed: Risk Factors within this Annual Report on Form 10-K for additional discussion of current and potential risks of COVID-19 on our business and financial performance.
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.