4 unchanged sentences
From time to time, the Company may borrow under its Revolving Credit Facility and Commercial Paper Programs.
−Removed: Any borrowings under the Euro Commercial Paper Program, Revolving Credit Facility and 2028 Euro Notes, as discussed in Note 4 of the accompanying Condensed Consolidated Financial Statements, are and may continue to be denominated in foreign currencies, and there can be no assurance that the Company can successfully manage these changes in exchange rates, including in the event of a significant and sudden decline in the value of any of the foreign currencies for which such borrowings are made.
+Added: Any borrowings under the Euro Commercial Paper Program, Revolving Credit Facility, 2026 Euro Notes and 2028 Euro Notes, as discussed in Note 4 of the accompanying Condensed Consolidated Financial Statements, are and may continue to be denominated in foreign currencies, and there can be no assurance that the Company can successfully manage these changes in exchange rates, including in the event of a significant and sudden decline in the value of any of the foreign currencies for which such borrowings are made.
In addition, any borrowings under the Revolving Credit Facility either bear interest at or trade at rates that fluctuate with a spread over LIBOR, while any borrowings under the Commercial Paper Programs are subject to floating interest rates.
Therefore, when the Company borrows under these debt instruments, the Company is exposed to market risk from exposure to changes in interest rates.
−Removed: As of March 31, 2020, the outstanding borrowings under the Revolving Credit Facility was at an average floating interest rate of 1.82%, while borrowings under the Euro Commercial Paper Program was at an average floating interest rate of (0.16)%.
+Added: As of June 30, 2020, there were no outstanding borrowings under the Revolving Credit Facility, U.S.
+Added: Commercial Paper Program and Euro Commercial Paper Program.
The Company does not expect changes in interest rates to have a material effect on income or cash flows in 2020, although there can be no assurances that interest rates will not change significantly.
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.