7 unchanged sentences
As of February 1, 2025, we had $1.9 billion of cash, cash equivalents and restricted cash and $0.5 billion of debt that has been swapped to floating rate, and therefore the net asset balance exposed to interest rate changes was $1.4 billion.
−Removed: As of February 3, 2024, a 50-basis point increase in short-term interest rates would have led to an estimated $6 million increase in interest income, and conversely a 50-basis point decrease in short-term interest rates would have led to an estimated $6 million decrease in interest income.
+Added: As of February 1, 2025, a 50-basis point increase in short-term interest rates would have led to an estimated $7 million increase in net interest income, and conversely a 50-basis point decrease in short-term interest rates would have led to an estimated $7 million decrease in net interest income.
Foreign Currency Exchange Rate Risk
3 unchanged sentences
Our foreign currency risk management strategy includes both hedging instruments and derivatives that are not designated as hedging instruments.
−Removed: Refer to Note 6, Derivative Instruments , of the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data , of this Annual Report on Form 10-K for further information regarding these instruments.
+Added: Refer to Note 1, Summary of Significant Accounting Policies , and Note 5, Derivative Instruments , of the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data , of this Annual Report on Form 10-K for further information regarding these instruments.
During fiscal 2025, foreign currency exchange rate fluctuations were primarily driven by the strength of the U.S.
−Removed: dollar compared to the Canadian dollar compared to the prior-year period, which had a negative overall impact on our revenue as this foreign currency revenue translated into less U.S.
−Removed: We estimate that foreign currency exchange rate fluctuations had an unfavorable impact on our revenue of approximately $90 million.
−Removed: The impact of foreign exchange rate fluctuations on our net earnings in fiscal 2024 was not significant.
+Added: dollar against the Canadian dollar compared to the prior-year period.
+Added: We estimate that the foreign currency exchange rate fluctuations had an unfavorable impact on our revenue of approximately $85 million.
+Added: The estimated impact of foreign exchange rate fluctuations on our net earnings in fiscal 2025 was not significant.
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.