6 unchanged sentences
The Financial Conduct Authority in the U.K.
−Removed: has stated that it plans to phase out all tenors of LIBOR by June 2023.
−Removed: Our financial contracts that were indexed to LIBOR were modified to reference SOFR during the three months ended September 30, 2022.
+Added: has stated that it plans to phase out all tenors of LIBOR by June 2023, therefore, we modified our financial contracts that were indexed to LIBOR to reference SOFR during 2022.
These modifications did not have a significant financial impact.
−Removed: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of September 30, 2022, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
−Removed: There were no significant changes in how we manage interest rate risk between December 31, 2021 and September 30, 2022.
+Added: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of March 31, 2023, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
+Added: There were no significant changes in how we manage interest rate risk between December 31, 2022 and March 31, 2023.
Foreign Currency Risk
1 unchanged sentence
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.