What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2020-12-18 compared with 2019-12-20 · 3 added, 2 removed, 13 unchanged (28% of the section changed)

6 unchanged sentences

We actively monitor our exposure to the European financial markets, including the impact of sovereign debt issues.

We also seek to mitigate our risk by investing in fixed deposits with various financial institutions and we limit the amount we hold with any one institution.

We also seek to mitigate our risk by investing in fixed deposits with various financial institutions and we limit the amount we hold

with any one institution.

We do not have any direct investments in the sovereign debt of European countries.

3 unchanged sentences

Interest Rate Risk

At November 3, 2019 , we had $1,600 million of outstanding term loans, which are subject to floating interest rates.

As of November 1, 2020, we had $5.9 billion of outstanding term loans, which are subject to floating interest rates.

A 1% change in the interest rate would affect interest expense on our term loans by approximately $59 million over the next 12 months.

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.