11 unchanged sentences
Foreign Currency Risk
−Removed: Foreign currency risk is the risk that we will incur economic losses due to adverse changes in foreign currency exchange rates.
−Removed: We use forward exchange contracts to hedge certain foreign currency transaction exposures.
−Removed: We estimate our projected revenues and purchases in certain foreign currencies and locations and will hedge a portion or all of the anticipated long or short position.
−Removed: The contracts typically run from one month up to eighteen months.
−Removed: To mitigate our exposure to Mexican Pesos,
−Removed: where we have our greatest exposure, we have entered into multiple monthly forward exchange contracts that have been designated as cash flow hedge instruments which are recorded in the Consolidated Balance Sheets at fair value.
−Removed: Noncash gains and losses are deferred in accumulated other comprehensive loss and recognized when settled in our Consolidated Statements of Operations.
−Removed: We do not hold or issue foreign exchange options or forward contracts for trading purposes.
−Removed: Outstanding foreign currency forward exchange contracts at December 31, 2022 are more fully described in Note 6, Fair Value Measurement, to our consolidated financial statements in Item 8 in this Annual Report on Form 10-K.
−Removed: At December 31, 2022 and 2021, the potential reduction in earnings from a hypothetical 10% adverse change in quoted foreign currency spot rates applied to foreign currency sensitive instruments would have been immaterial.
−Removed: Foreign Currency Transactions
A portion of our revenues during the year ended December 31, 2023 were derived from manufacturing operations outside of the U.S.
8 unchanged sentences
Dollar against the respective foreign currency.
−Removed: The principal currencies of exposure are the Mexican Peso, Chinese Yuan, British Pound, Euro, Czech Koruna, Australian Dollar, Indian Rupee, Thai Baht, and Ukrainian Hryvnia.
−Removed: Foreign currency translation adversely impacted fiscal year 2022 revenues by $18.6 million.
+Added: The principal currencies of exposure are the Mexican Peso, Chinese Yuan, British Pound, Euro, Czech Koruna, Australian Dollar, Indian Rupee, Thai Baht, Ukrainian Hryvnia and Moroccan Dirham.
+Added: Refer to Note 5, Fair Value Measurement, of the Notes to Consolidated Financial Statements included in this Form 10-K for discussion of these market risks and the derivatives used to manage these risks.
Effects of Inflation
4 unchanged sentences
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.