9 unchanged sentences
These fluctuations and the results of operations for foreign subsidiaries, where the functional currency is not the U.S.
−Removed: dollar, are translated
+Added: dollar, are translated into U.S.
dollars using the average exchange rates during the year, while the assets and liabilities are translated using period end exchange rates.
7 unchanged sentences
A change in exchange rates between the functional currency and the currency in which a transaction is denominated increases or decreases the expected amount of functional currency cash flows upon settlement of the transaction.
−Removed: That increase or decrease in expected functional currency cash flows is a foreign exchange transaction gain or loss that is included in our operating income in the Consolidated Statements of Operations.
+Added: That increase or decrease in expected functional currency cash flows is a foreign exchange transaction gain or loss that is included in our operating income in the Consolidated Statements of Operatio ns.
+Added: In 2020, we recorded approximately $7.9 million of net foreign currency transaction gains.
In 2019, we recorded approximately $1.5 million of net foreign currency transaction losses.
4 unchanged sentences
Our exposure to currency rate fluctuations primarily relates to exchange rate movements between the U.S.
−Removed: dollar and the euro, Canadian dollar, Hong Kong dollar, Chinese yuan, Japanese yen, Mexican peso, Australian dollar, British pound, Indian rupee, and Brazilian real.
+Added: dollar and the euro, Canadian dollar, Hong Kong dollar, Chinese yuan, Mexican peso, Australian dollar, British pound, Indian rupee, and Brazilian real.
Commodity Price Risk
21 unchanged sentences
The table presents principal amounts by expected maturity dates and fair values as of December 31, 2020.
−Removed: Principal Amount by Expected Maturity
+Added: Principal Amount by Expected Maturity Fair
+Added: 2021 Thereafter Total
(In thousands, except interest rates)
7 unchanged sentences
Average interest rate 2.875 %
+Added: Total $ 1,590,810 $ 1,633,744
Concentrations of Credit Risk
1 unchanged sentence
We are exposed to credit losses in the event of nonperformance by counterparties to these financial instruments.
−Removed: We place cash and cash equivalents with various high-quality financial institutions throughout the world, and exposure is limited at any one financial institution.
+Added: We place cash and ca sh equivalents with various high-quality financial institutions throughout the world, and exposure is limited at any one financial institution.
Although we do not obtain collateral or other security to support these financial instruments, we evaluate the credit standing of the counterparty financial institutions.
−Removed: As of December 31, 2019 , we had $10.2 million in accounts receivable outstanding from Anixter International Inc.
+Added: As of December 31, 2020, we had $17.5 million in accounts receivable outstanding from WESCO.
This represented approximately 6% of our total accounts receivable outstanding at December 31, 2020.
−Removed: Anixter generally pays all outstanding receivables within thirty to sixty days of invoice receipt.
+Added: WESCO generally pays all outstanding receivables within thirty to sixty days of invoice receipt.
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.