15 unchanged sentences
As a result, we do not generally use derivatives to manage these net investments.
−Removed: However, we designated euro debt issued in 2018, 2017 and 2016 by Belden Inc., a USD functional currency entity, as a net investment hedge of certain international subsidiaries.
+Added: However, we designated euro debt issued by Belden Inc., a USD functional currency entity, as a net investment hedge of certain international subsidiaries.
See Note 16 for further discussion.
2 unchanged sentences
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.
−Removed: In 2020, we recorded approximately $7.9 million of net foreign currency transaction gains.
In 2021, we recorded approximately $1.7 million of net foreign currency transaction losses.
+Added: In 2020, we recorded approximately $7.9 million of net foreign currency transaction gains.
Generally, the currency in which we sell our products is the same as the currency in which we incur the costs to manufacture our products, resulting in a natural hedge.
3 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, 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, and Indian rupee.
Commodity Price Risk
20 unchanged sentences
The following table provides information about our financial instruments that are sensitive to changes in interest rates.
−Removed: The table presents principal amounts by expected maturity dates and fair values as of December 31, 2020.
+Added: The following table presents principal amounts by expected maturity date and fair value as of December 31, 2021.
Principal Amount by Expected Maturity Fair
15 unchanged sentences
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, 2020, we had $17.5 million in accounts receivable outstanding from WESCO.
+Added: As of December 31, 2021, we had $40.5 million in accounts receivable outstanding from our largest customer.
This represented approximately 10% of our total accounts receivable outstanding at December 31, 2021.
−Removed: WESCO generally pays all outstanding receivables within thirty to sixty days of invoice receipt.
+Added: Outstanding receivables are generally paid 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.