9 unchanged sentences
The objective is to offset the gain or loss from remeasurement with the gain or loss from the fair market valuation of the forward contract.
−Removed: The potential gain or loss in the fair value of our outstanding foreign currency contracts, assuming a hypothetical 10% fluctuation in the currencies of such contracts, would not have a material impact on the unaudited condensed consolidated financial statements for the three months ended March 31, 2024 and March 31, 2023 .
+Added: The potential gain or loss in the fair value of our outstanding foreign currency contracts, assuming a hypothetical 10% fluctuation in the currencies of such contracts, would not have a material impact on the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2024 and June 30, 2023 .
The sensitivity analysis of the effects of changes in foreign currency exchange rates assumes the notional value to remain constant for the next 12 months.
−Removed: The analysis ignores the impact of foreign exchange movements on our competitive position and potential changes in sales levels.
−Removed: Any change in the
−Removed: value of the contracts, real or hypothetical, would be significantly offset by an inverse change in the value of the underlying hedged items.
+Added: The analysis ignores the impact of foreign
+Added: exchange movements on our competitive position and potential changes in sales levels.
+Added: Any change in the value of the contracts, real or hypothetical, would be significantly offset by an inverse change in the value of the underlying hedged items.
Interest Rate Risk
3 unchanged sentences
dollar-denominated loans would bear interest at an adjusted term SOFR (which includes a 0.10 percent credit spread adjustment to SOFR) for the applicable interest period plus a rate ranging from 1.125 percent to 1.75 percent depending on our net leverage ratio.
−Removed: Based on our outstanding borrowings at March 31, 2024 , a 0.125% change in SOFR would have a $0.8 million annual impact on interest expense.
+Added: Based on our outstanding borrowings at June 30, 2024 , a 0.125% change in SOFR would have a $0.8 million annual impact on interest expense.
Refer to Note 9, Debt and Borrowing Arrangements, to the Condensed Consolidated Financial Statements for further 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.